HomeXpress Mortgage Corp., a Santa Ana, California-based national originator of non-QM and business-purpose residential mortgage loans, announced it is being acquired by Chimera Investment Corp. (NYSE: CIM), a real estate investment trust, from Seer Capital Management.
The financial terms of the transaction were not disclosed. HomeXpress will operate as a subsidiary of Chimera under the continuing leadership of President and CEO Kyle Walker and its current management team.
“We are honored to join the Chimera organization and to advance our shared commitment to delivering innovative lending solutions to borrowers,” said Walker. “HomeXpress, with its reliable service-first philosophy, combined with its strong partnerships with brokers and loan officers nationwide, will now be even more well-positioned to expand its product offerings and strategically grow the HomeXpress presence. By combining platforms and assets, Chimera and HomeXpress are poised to deliver enhanced value to HomeXpress’ borrowers and further strengthen its relationships with its many business partners.”
Phillip J. Kardis II, Chimera’s CEO and president, added, “We are excited to welcome HomeXpress to the Chimera team and to form this powerful combination. This strategic acquisition marks a significant expansion of Chimera’s presence in the non-QM space, reinforcing its role as a leading real estate investment trust.”
nothing but a bunch of crooks, stealing money from hard working people who have paid years on their mortgage loans only to be taken when the loan is in the final months of being paid off. Phillip J. Kardis you are a crook. You will not take my home from me.
You will be investigated to the fullest extent.