February 12, 2026
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PennyMac Financial’s acquisition creates mortgage subservicer powerhouse

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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.…

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