Chimera Investment Corporation expands its portfolio with the acquisition of HomeXpress Mortgage Corp.
Chimera Investment Corporation has announced its acquisition of HomeXpress Mortgage Corp., a key player in non-QM and business-purpose residential mortgage loans. The move is expected to bolster Chimera’s portfolio and meet the increasing demand for flexible financing solutions. As California faces rising temperatures and wildfire risks, the mortgage industry stands at a pivotal moment with this strategic acquisition shaping its future. Stakeholders will closely monitor how this change impacts the market dynamics for non-QM loans.
LOS ANGELES — HomeXpress Mortgage Corp., a prominent national originator of non-QM and business-purpose residential mortgage loans, has signed a definitive agreement for acquisition by Chimera Investment Corporation, as announced on June 12, 2025. The acquiring company, listed on the New York Stock Exchange under the ticker symbol CIM, has entered into negotiations with certain affiliates of Seer Capital Management’s credit fund business and management sellers.
The acquisition marks a significant development in the mortgage industry, particularly in the realm of non-qualified mortgage (non-QM) loans that cater to niche customer segments. HomeXpress serves a vital role by providing financial solutions that can adapt to various buyer needs outside traditional lending guidelines.
As part of the transaction, Chimera Investment Corporation aims to leverage HomeXpress’s established position in the market to enhance its portfolio and expand its reach within the residential mortgage sector. This strategic move could allow Chimera to tap into the growing demand for non-QM and business-purpose loans, which have become increasingly attractive to borrowers seeking flexible financing options.
The announcement came on a day characterized by pleasant weather across Southern California, with sunny conditions and a high temperature reaching approximately 95°F. While this acquisition highlights advancements in the financial sector, the region is also facing potential challenges due to rising temperatures and wind conditions that could elevate the risk of wildfires.
The National Weather Service has indicated that Southern California will experience a warmup in temperatures over the coming days, particularly in inland areas, where temperatures could soar into the 80s and 90s. Forecasts predict that by Saturday, high pressure systems from Arizona will lead to additional heat, with some areas possibly approaching triple-digit temperatures by Father’s Day.
Los Angeles and Orange counties can expect highs in the low 80s, with nights cooling down to around 68°F. Coastal regions are projected to be sunnier, maintaining milder temperatures near 71°F. In contrast, mountainous areas are predicted to reach highs of 80°F, while deserts like Palm Springs may experience extreme heat, hitting 108°F.
As the temperatures climb, the region faces increased risks associated with Santa Ana winds, prompting concerns about wildfire hazards. A recent statement from the city of Hemet advised residents to stay vigilant as extreme wind conditions could lead to public safety power shutoffs aimed at reducing fire risks.
The southern regions of California are on alert for potential record-breaking temperatures in cities such as Riverside, Long Beach, Santa Ana, and Burbank. Wind gusts are expected to vary widely, reaching speeds of 20 to 40 mph, with certain areas experiencing isolated gusts up to 60 mph. This combination of heat and strong winds exacerbates the risk of wildfires, prompting ongoing discussions among authorities regarding safety measures.
In addition to the elevated temperatures, a weak storm system is anticipated to bring sporadic rainfall to areas across Southern California from Friday into Friday night, with a more significant chance of showers later in the weekend. These changing weather patterns highlight the importance of preparedness as residents navigate both the heat and fire risks inherent in the current seasonal conditions.
As HomeXpress Mortgage Corp. transitions under the ownership of Chimera Investment Corporation, stakeholders in the financial market will be watching closely to see how this acquisition may influence the landscape for non-QM and business-purpose loans, particularly in a climate of fluctuating weather and associated public safety concerns.
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