HomeXpress acquired by REIT in deal worth over $120M
By: Maria Volkova | Published: 2025-06-12 19:14:00 | Source: www.nationalmortgagenews.com
Chimera Investment Corp., a New York-based real estate investment trust, announced plans to buy non-QM lender HomeXpress Mortgage in a cash-and-stock deal worth over $120 million Thursday.
The deal, expected to close in the fourth quarter of 2025, includes a $120 million cash payment for the Santa Ana, California-based company, plus more than 2 million shares of Chimera stock.
Following the closing of the transaction, the non-QM shop will operate as a subsidiary of Chimera and will continue to be run by its CEO Kyle Walker.
HomeXpress Mortgage, founded in 2015, operates in both wholesale and correspondent channels and is licensed in 46 states and Washington, D.C. It employs just over 300 people. Since 2016, the non-QM and non-agency shop has originated more than $10.7 billion in loans….
