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HomeXpress Mortgage Corp. ("HomeXpress"), a leading national originator of non-QM and business-purpose residential mortgage loans, today announced that it has entered into a definitive agreement to be acquired by Chimera Investment Corporation (NYSE:CIM) ("Chimera") from certain affiliates of Seer Capital Management's credit fund business ("Seer") and certain management sellers.
HomeXpress will operate as a subsidiary of Chimera under the continuing leadership of President and CEO Kyle Walker and the experienced HomeXpress management team.
Posted In: CIM
