Chimera Launches Securitization Program for HomeXpress-Originated Loans
Business Wire•30/10/2026•12:00 ET
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Key Highlights
- ➤$291 million HomeXpress-originated NQM loans collateralize Chimera’s inaugural securitization
- ➤PRISM 2026-HX1 senior class receives AAA (sf) ratings from S&P and DBRS
- ➤Prism establishes Chimera’s conduit for HomeXpress and third-party residential mortgage loans
- ➤Chimera says Prism creates a repeatable channel to recycle capital and grow earnings
- ➤HomeXpress gains another capital-markets execution channel for disciplined business growth
Expert Statements
Phillip J. Kardis II, President and CEO of Chimera
“The launch of Prism demonstrates the strength of combining HomeXpress’ origination platform and Palisades’ servicing oversight and asset management capabilities with Chimera’s expertise in structured residential credit.”
Phillip J. Kardis II, President and CEO of Chimera
“It also represents an important step in establishing a repeatable channel to recycle capital and grow our platform and earnings over time.”
Kyle Walker, President of HomeXpress
“This is a key milestone for HomeXpress.”
Kyle Walker, President of HomeXpress
“Our team has built a strong NQM origination platform with consistent underwriting and long-standing partnerships with brokers across the market.”
Kyle Walker, President of HomeXpress
“With Prism, we now have another capital markets execution channel to support HomeXpress as we continue to grow the business in a disciplined way.”
Chimera Launches Securitization Program for HomeXpress-Originated Loans
Transaction under new conduit advances Chimera’s residential credit strategy and demonstrates the value of its integrated capabilities
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