Chimera Investment’s Earnings Call: Strategic Moves Amid Challenges
Chimera Investment Corporation held its Q3 earnings call, revealing mixed results. The acquisition of HomeXpress for $267 million is expected to enhance earnings and diversification, despite a GAAP net loss of $22 million and a 3.2% decline in book value. The company reported increased origination volume and improved liquidity, ending the quarter with $752 million in cash and assets. Forward-looking guidance anticipates significant earnings from HomeXpress, projecting $4 billion to $4.4 billion in originations for 2026. Overall, strategic moves aim to drive future growth amid current challenges.
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