PennyMac Financial’s acquisition creates mortgage subservicer powerhouse
IN THIS ARTICLE
- Banking & Finance Topic
- Jorge Mercado Author
By Jorge Mercado Wednesday, February 11th, 2026
PennyMac Financial Services on Condor Drive in Moorpark. (file photo) Westlake Village-based PennyMac Financial Services announced that it has agreed to acquire the subservicing business of Cenlar Capital Corporation for $172.5 million in an all-cash transaction, which includes up to $85 million of contingent consideration payable over three years. Announced after the markets closed Feb.…








