---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-139533"
form_type: "8-K"
ticker: "CIM"
cik: "0001409493"
company_name: "CHIMERA INVESTMENT CORP"
filed_at: "2025-06-12T23:59:59+00:00"
generated_at: "2026-05-19T10:30:13.559280+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Chimera acquires HomeXpress Mortgage; $120M cash + 2.08M shares premium, Q4 close

## Summary
- Purchase price equals adjusted book value at closing plus $120M cash and 2,077,151 Chimera shares.
- HomeXpress originated $2.5B UPB in 2024, $47M pre-tax net income, $115M GAAP equity at Mar 2025.
- Acquisition expected to close in Q4 2025; Kyle Walker to remain CEO; accretive to 2026 earnings.
- Chimera's net operating losses are expected to cover a substantial amount of the acquisition premium.
- HomeXpress is a leading non-QM originator with ~300 employees, operating in 46 states plus D.C.

## SEC filing metadata
- accession: 0001193125-25-139533
- form_type: 8-K
- ticker: CIM
- cik: 0001409493
- company_name: CHIMERA INVESTMENT CORP
- filed_at: 2025-06-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409493/000119312525139533/0001193125-25-139533-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409493/000119312525139533/d24108d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-139533
- JSON: https://secwatch.observer/filing/0001193125-25-139533.json
- Plain text: https://secwatch.observer/filing/0001193125-25-139533.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.