Chimera Investment Corporation Common Stock (CIM)
14.43
-0.04 (-0.28%)
NYSE · Last Trade: Sep 12th, 1:06 AM EDT
The landscape of the U.S. housing market is currently experiencing a significant recalibration, as mortgage rates pull back from the multi-decade highs witnessed in late 2023. This recent downtrend, marked by the 30-year fixed mortgage rate settling around 6.35%, offers a noticeable reprieve for prospective homebuyers and existing
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Chimera Investment Corp (CIM) to acquire HomeXpress Mortgage Corp for $120M in cash and stock. Deal to expand mortgage loan origination and diversify earnings base.
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A hotter-than-expected inflation report initially rattled markets on Wednesday morning, but investors found confidence to buy the dip, helping major indexes recover most losses by midday trading in New York.
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CIM stock results show that Chimera Investment missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.
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CIM stock results show that Chimera Investment missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.
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