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 thr

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 re

The Real Brokerage has appointed Ken Pozek to its board of directors, according to an announcement on Wednesday. Pozek, who leads the eponymous Orlando-based team The Pozek Group, returned to Real with his 38-member team in October after most recently being brokered by Keller Williams Realty Elite P

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 Ko