Shellpoint Partners, a specialty finance company, has completed the acquisition of New Penn Financial to provide residential mortgage products to creditworthy borrowers who are locked out of the market. Acquisition cost and other details of the transaction, which was announced June 2, were not disclosed. The New York-based Shellpoint Partners said acquiring New Penn will provide additional liquidity and options to creditworthy borrowers who do not fit the existing underwriting criteria for government-backed mortgages, including jumbo loan borrowers and...