Chimera Invt Corp Stock Price, News & Analysis

Palisades Group, a subsidiary of Chimera Investment Corporation (NYSE: CIM), has announced the closing of a significant $112.1 million securitization backed by home equity investment assets (HEI) through its subsidiary Solve Funding LLC. The SOLVE 2025-HEC1 transaction, rated by Morningstar DBRS, represents the first rated, multi-originator securitization in the HEI sector.

The securitization comes at a time when U.S. homeowners are experiencing record levels of home equity, while rising interest rates have made traditional financing options less attractive. Palisades Group, which has managed over $45 billion of loans since 2012, worked with Nomura Securities International, Texas Capital Securities, and Cantor Fitzgerald & Co. to structure and execute the transaction.

HomeXpress Mortgage Corp., a leading non-QM and business-purpose residential mortgage loan originator, has entered into a definitive agreement to be acquired by Chimera Investment Corporation (NYSE: CIM). Under the deal, HomeXpress will operate as a Chimera subsidiary, maintaining its current leadership under President and CEO Kyle Walker. The acquisition represents a strategic expansion of Chimera's presence in the non-QM space and aims to strengthen its position as a leading real estate investment trust. The deal combines both companies' platforms and assets, enabling HomeXpress to expand its product offerings and grow its market presence while enhancing value for borrowers and business partners. Piper Sandler & Co. and Wells Fargo served as financial advisors for HomeXpress/Seer and Chimera respectively.

Chimera Investment Corporation (NYSE: CIM) has announced a definitive agreement to acquire HomeXpress Mortgage Corp., a leading national non-QM mortgage originator. The acquisition, expected to close in Q4 2025, involves a purchase price equal to HomeXpress' adjusted book value plus a premium of $120 million in cash and 2,077,151 Chimera shares. HomeXpress, operating in 46 states and D.C. with 300 employees, generated $2.5 billion in funded origination volume in 2024 and expects $3.5 billion in 2025. The company reported $47 million in pre-tax income for 2024 and holds $115 million in GAAP Total Equity as of March 2025. The strategic acquisition is expected to be accretive to Chimera's earnings in 2026, leveraging synergies between HomeXpress' origination platform and Chimera's loan securitization and management services.

Chimera Investment Corporation (CIM) has announced its second quarter 2025 dividend distribution. The company's Board of Directors has declared a cash dividend of $0.37 per common share. This dividend will be paid on July 31, 2025, to shareholders who are recorded as stockholders as of June 30, 2025. The ex-dividend date, which is the date when the stock begins trading without the value of the upcoming dividend payment, is set for June 30, 2025.

Chimera Investment Corporation (NYSE:CIM) reported strong Q1 2025 financial results with GAAP net income of $1.77 per diluted common share and earnings available for distribution of $0.41 per share. The company's GAAP book value reached $21.17 per common share, delivering an economic return of 9.20%. Key highlights include an 11% improvement in earnings available for distribution and a 7.4% increase in book value. The company successfully completed a cash-out refinancing of all non-Remic securitizations, generating $187 million in funds for new investment. Additionally, CIM extended two large non-mark to market secured financing facilities until 2027. Total assets stood at $13.2 billion as of March 31, 2025, with net interest income of $69.2 million for the quarter.

Chimera (CIM) has declared its second quarter 2025 preferred stock dividends for four series of shares. The Series A preferred stock will pay $0.50 per share at an 8.00% rate. The Series B preferred stock will distribute $0.6469 per share, reflecting a 10.35022% rate. The Series C preferred stock will pay $0.484375 per share at a 7.75% rate. The Series D preferred stock will distribute $0.6349 per share, reflecting a 9.93822% rate. All dividends will be paid on June 30, 2025, with a record and ex-dividend date of June 2, 2025.

Chimera Investment (NYSE: CIM) has scheduled the release of its first quarter 2025 financial results for Thursday, May 8, 2025, before 7:00 a.m. EDT. The company will host a conference call and audio webcast to discuss the results at 8:30 a.m. EDT on the same day.

Chimera Investment operates as a publicly traded REIT focused on investing in diverse real estate assets, including residential mortgage loans, Non-Agency RMBS, Agency RMBS, business purpose loans, MSRs, and other real estate-related assets such as Agency CMBS, junior liens, HELOCs, equity appreciation rights, and reverse mortgages.

Chimera Investment (NYSE: CIM) has sponsored two residential mortgage loan securitizations totaling $646 million on March 25, 2025. The first securitization, CIM 2025-R1, amounts to $391.8 million with loans having a 5.74% weighted average coupon, 636 FICO scores, and 50.80% LTV ratio. The second, CIM 2025-NR1, totals $254.4 million with a 5.67% weighted average coupon, 597 FICO scores, and 61.61% LTV ratio.

The company sold $333 million in senior securities for CIM 2025-R1 and $184.5 million for CIM 2025-NR1 to institutional investors, representing 85% and 72.50% of their respective capital structures. The net proceeds from both transactions exceeded $187 million. Palisades Advisory Services, Chimera's subsidiary, will serve as Asset Manager for both securitizations.

Chimera Investment (CIM) has announced its first quarter 2025 dividend distribution. The company's Board of Directors declared a cash dividend of $0.37 per common share. The dividend will be paid on April 30, 2025 to shareholders of record as of March 31, 2025, with the ex-dividend date set for March 31, 2025.