Author name: Ricky Vasquez

PennyMac Financial Services Inc. announced Wednesday afternoon that it’s acquiring Cenlar Capital Corp., the country’s second-largest mortgage subservicer. The all-cash transaction includes an upfront purchase price of $172.5 million and up to $85 million of contingent consideration payable over three years. It’s the first mergers-and-acquisitions (M&A) deal in the history of Pennymac. Cenlar’s subservicing business […]

The late-January snowstorm that blanketed large portions of the U.S. is now clearly visible in national housing data. After showing only mild effects the prior week, housing activity pulled back across several key metrics, led by new listings and pending sales. Even so, the broader market picture remains intact. Inventory growth is slowing, the share

QXO, a distributor of roofing products and building materials, generated acquisition buzz last month, as its senior business leaders announced a combined $3 billion in funding for its war chest. On Wednesday, the Brad Jacobs-backed company announced plans to put its war chest to work by acquiring Kodiak Building Partners from private equity firm Court Square