With record origination volume stretching capacity and a fresh infusion of capital from the public markets en route, a slew of big nonbank lenders are shifting strategies and declining to sell their mortgage servicing rights, which they’d previously relied on to fund their operations. 

In fact, roughly $70.8 billion in MSR transferred across the secondary market during the third quarter of 2020. That is the lowest total since 2015, according to Inside Mortgage Finance. 

Rocket Companies, which went public in August and was valued at approximately $38 billion, disclosed to investors that it retains servicing rights on the vast majority details ⇒

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