PennyMac to Acquire Cenlar Subservicing Business for $172.5 Million

Reuters

Feb 12

PennyMac to Acquire Cenlar Subservicing Business for $172.5 Million

PennyMac Financial Services is set to acquire the subservicing business of Cenlar Capital Corporation, expanding its mortgage servicing portfolio by up to $740 billion in unpaid principal balance and 2 million loans. The all-cash transaction includes an upfront payment of $172.5 million, with up to $85 million in additional contingent consideration over three years. Following the deal, PennyMac’s total servicing portfolio will exceed $1 trillion, making it the second largest mortgage servicer in the U.S. The agreement includes the transition of approximately 100 institutional clients and the integration of Cenlar’s mortgage servicing operations and employees into PennyMac’s platform. The transaction is expected to close in the second half of 2026, after which Cenlar will surrender its bank charter and PennyMac will operate the acquired business as a non-bank entity focused on mortgage subservicing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PennyMac Financial Services Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260211950386) on February 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2610996679"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2610996679\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2610996679?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-12 05:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2610996679","market":"us","top_or_hot":-1,"title":"PennyMac to Acquire Cenlar Subservicing Business for $172.5 Million","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      PennyMac to Acquire Cenlar Subservicing Business for $172.5 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        PennyMac Financial Services is set to acquire the subservicing business of Cenlar Capital Corporation, expanding its mortgage servicing portfolio by up to $740 billion in unpaid principal balance and 2 million loans. The all-cash transaction includes an upfront payment of $172.5 million, with up to $85 million in additional contingent consideration over three years. Following the deal, PennyMac’s total servicing portfolio will exceed $1 trillion, making it the second largest mortgage servicer in the U.S. The agreement includes the transition of approximately 100 institutional clients and the integration of Cenlar’s mortgage servicing operations and employees into PennyMac’s platform. The transaction is expected to close in the second half of 2026, after which Cenlar will surrender its bank charter and PennyMac will operate the acquired business as a non-bank entity focused on mortgage subservicing.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PennyMac Financial Services Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260211950386) on February 11, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PennyMac to Acquire Cenlar Subservicing Business for $172.5 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPennyMac to Acquire Cenlar Subservicing Business for $172.5 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-02-12 05:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      PennyMac to Acquire Cenlar Subservicing Business for $172.5 Million\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        PennyMac Financial Services is set to acquire the subservicing business of Cenlar Capital Corporation, expanding its mortgage servicing portfolio by up to $740 billion in unpaid principal balance and 2 million loans. The all-cash transaction includes an upfront payment of $172.5 million, with up to $85 million in additional contingent consideration over three years. Following the deal, PennyMac’s total servicing portfolio will exceed $1 trillion, making it the second largest mortgage servicer in the U.S. The agreement includes the transition of approximately 100 institutional clients and the integration of Cenlar’s mortgage servicing operations and employees into PennyMac’s platform. The transaction is expected to close in the second half of 2026, after which Cenlar will surrender its bank charter and PennyMac will operate the acquired business as a non-bank entity focused on mortgage subservicing.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PennyMac Financial Services Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260211950386) on February 11, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4229","symbol_name":"商业和住宅抵押贷款融资","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260211:nNDL4szP5l:1","article_id":"2610996679","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610996679","pubTimestamp":1770844544,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"PennyMac Financial Services is set to acquire the subservicing business of Cenlar Capital Corporation, expanding its mortgage servicing portfolio by up to $740 billion in unpaid principal balance and 2 million loans. The all-cash transaction includes an upfront payment of $172.5 million, with up to $85 million in additional contingent consideration over three years. Following the deal, PennyMac’s total servicing portfolio will exceed $1 trillion, making it the second largest mortgage servicer in the U.S. The agreement includes the transition of approximately 100 institutional clients and the integration of Cenlar’s mortgage servicing operations and employees into PennyMac’s platform. The transaction is expected to close in the second half of 2026, after which Cenlar will surrender its bank charter and PennyMac will operate the acquired business as a non-bank entity focused on mortgage subservicing.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4229":"商业和住宅抵押贷款融资","PFSI":"PennyMac Financial Services, Inc.","BK4195":"互助储蓄与抵押信贷金融服务"},"translate_title":"PennyMac将以1.725亿美元收购Cenlar子服务业务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PFSI":0.9},"content_text":"PennyMac to Acquire Cenlar Subservicing Business for $172.5 Million\n    \n\n        PennyMac Financial Services is set to acquire the subservicing business of Cenlar Capital Corporation, expanding its mortgage servicing portfolio by up to $740 billion in unpaid principal balance and 2 million loans. The all-cash transaction includes an upfront payment of $172.5 million, with up to $85 million in additional contingent consideration over three years. Following the deal, PennyMac’s total servicing portfolio will exceed $1 trillion, making it the second largest mortgage servicer in the U.S. The agreement includes the transition of approximately 100 institutional clients and the integration of Cenlar’s mortgage servicing operations and employees into PennyMac’s platform. The transaction is expected to close in the second half of 2026, after which Cenlar will surrender its bank charter and PennyMac will operate the acquired business as a non-bank entity focused on mortgage subservicing.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PennyMac Financial Services Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260211950386) on February 11, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}