Business Combination |
6 Months Ended |
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Jun. 30, 2026 | |
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | |
| Business Combination | Business Combination HomeXpress Acquisition On October 1, 2025, the Company, through its wholly-owned subsidiary CIM Funding TRS, completed the HomeXpress Acquisition. The acquisition was accounted for as a business combination under ASC 805 using the acquisition method of accounting. HomeXpress’ assets and liabilities, adjusted to reflect their estimated fair values at the acquisition date, and results of operations are included in the Company’s consolidated financial statements from the acquisition date. See Note 20 — Segment Reporting for information regarding the impact of the HomeXpress Acquisition on the Company’s reportable segments. For the six months ended June 30, 2026, HomeXpress contributed approximately $8 million of net interest income, $44 million of other income related to the gain on origination and sale of loans, and $17 million of net income to the Company’s consolidated results of operations. Measurement Period Considerations The Company is within the measurement period for the HomeXpress Acquisition, which extends up to one year from the acquisition date. During the six months ended June 30, 2026, the Company did not record any measurement period adjustments related to the HomeXpress Acquisition. Accordingly, the preliminary allocation of the purchase price, including amounts recorded as goodwill and intangible assets, remains unchanged from that reported as of December 31, 2025. Goodwill and intangible assets recognized in connection with the HomeXpress Acquisition are included in Other assets on the Company’s Consolidated Statements of Financial Condition. See Note 2 — Summary of the Significant Accounting Policies for additional information.
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