The New York City-based REIT will pay $120 million in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08 million shares in Chimera valued at $27.9 million.
Source: Inman News
Chimera boosts non-QM presence with HomeXpress acquisition
Published in A&D Mortgage, Angel Oak Mortgage REIT, arizona, Broker and Correspondent Partners, california, Chimera Investment Corp., Chimera Investment Corporation, Ellington Financial, Eric Hagen, florida, HomeXpress, HomeXpress Mortgage Corp., Industry News, inman, Kyle WAlker, loan origination, loan origination platform, Mortgage, Mortgage Loan Origination, mortgage origination, Mr. Cooper, nevada, new york city, non QM, non-QM Mortgages, non-Qualified Mortgages, Palisades Group, Phillip Kardis, Real Estate Investment Trust (REIT), residential credit sector, Rithm Capital Corp., san diego, Select, texas, venture capital and washington
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