Press & News

Some of the latest headlines on our products and services, leaders, company growth, and more.

Shellpoint Partners Acquires New Penn Financial

Shellpoint Partners LLC, a specialty finance company, announced today that it has completed the acquisition of New Penn Financial, LLC, a leading originator of FHA/VA and Agency Conforming loans, based in Plymouth Meeting, Pennsylvania.

New Penn Financial Launches New Division Focusing on FHA 203(k) Rehabilitation Loans

Leading mortgage lender New Penn Financial, LLC has launched a new funding division to aid homebuyers interested in homes in need of repair, which are often discount priced. By offering the Federal Housing Administration's 203(k) loan, New Penn enables individuals to unlock opportunities in the rehab market that may have been inaccessible with a conventional bank mortgage.