Pennymac to buy Cenlar’s subservicing business
By: Bonnie Sinnock | Published: 2026-02-12 12:22:41 | Source: www.nationalmortgagenews.com
Pennymac struck a deal to buy Cenlar Capital Corp.’s subservicing business in a move that will boost its portfolio above a key benchmark and increase the nonbank concentration in the space.
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The acquirer’s financial services company will pay $172.5 million upfront for Cenlar’s portfolio and operations with a $85 million contingent consideration, according to a press release….
