PennyMac Financial Services to Acquire Cenlar Subservicing Business for $172.5 Million

Array Acquires Penny Finance

February 23, 2026

Financial Services

Array announced its acquisition of Penny Finance, a fintech focused on helping consumers build stronger financial habits through education, planning, and everyday money management tools. The deal expands Array’s unified embeddable money platform by adding spending awareness, savings behavior, financial planning, and financial education capabilities to its existing suite for fintechs and financial institutions.

Piper Sandler Companies Acquires Cornerstone Macro

February 7, 2022

Financial Services

Piper Sandler Companies entered into a definitive agreement to acquire independent research firm Cornerstone Macro. The acquisition adds Cornerstone Macro’s macro research and equity derivatives trading capabilities to Piper Sandler’s institutional equities research, sales, and trading platform, with Cornerstone Macro continuing to provide research as part of Piper Sandler & Co.

Pepper Advantage Acquires Computershare Loan Services (UK Mortgage Servicing)

February 2, 2026

Financial Services

Pepper Advantage has completed its acquisition of Computershare’s UK mortgage servicing business, Computershare Loan Services. The deal expands Pepper’s UK footprint and increases its assets under management while extending its PRISM credit management platform across the acquired loan servicing portfolio, including Zephyr and Topaz Finance lending operations.

Mr. Cooper Acquires Flagstar Bank's Mortgage Operations

November 1, 2024

Financial Services

Mr. Cooper Group Inc. has closed its previously announced acquisition of Flagstar Bank N.A.'s mortgage operations, acquiring MSRs, advances, subservicing contracts, and Flagstar's third-party origination platform for approximately $1.3 billion in cash. The deal expands Mr. Cooper's servicing and origination capabilities and transfers Flagstar's mortgage customers and team members to Mr. Cooper, with full operational integration expected in early 2025.

Trimont Acquires Wells Fargo's Non-Agency Commercial Mortgage Servicing Business

March 1, 2025

Financial Services

Trimont has completed the acquisition of Wells Fargo’s non-agency third-party Commercial Mortgage Servicing (CMS) business, a deal backed by Värde Partners. The transaction adds more than 19,000 loans, secured by 21,500 properties, and over 700 staff to Trimont’s platform, making Trimont the largest servicer of securitized commercial real estate loans in the United States with approximately $700 billion in loans under management.

Freedom Mortgage Affiliate to Acquire Seneca Mortgage Servicing from EJF Capital

March 20, 2026

Financial Services

Freedom Mortgage Corporation’s indirect parent company, Freedom Superior LLC, has signed a definitive agreement to acquire Seneca Mortgage Servicing LLC and related entities from EJF Capital LP. The deal will combine Seneca’s mortgage servicing rights (MSR) platform and team with Freedom’s existing mortgage servicing operations to improve operational efficiency and expand the servicing/investment platform.