Add Rocket Mortgage to the list of companies selling mortgage servicing rights (MSR) in a difficult operating environment. 

The Detroit, Michigan-based lender sold about $20 billion in MSRs to JPMorgan Chase in April, following a decline in its servicing book in the first quarter of 2023. The company’s unpaid principal balance reached $524.8 billion as of March 31, compared to $535 billion at the end of December, according to Securities and Exchange Commission (SEC) filings. 

“In April, Rocket Mortgage made a small details ⇒

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