The Future of Home Equity: Weekly Recap

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Sources:
Rocket delivers $291M profit amid improved margins and MSR acquisitions
https://www.housingwire.com/articles/rocket-delivers-291m-profit-amid-improved-margins-and-msr-acquisitions/

Agencies Issue Proposal on Incentive-Based Compensation
https://ncua.gov/newsroom/press-release/2024/agencies-issue-proposal-incentive-based-compensation#:~:text=(May%206%2C%202024)%20%E2%80%93,956%20of%20the%20Dodd%2DFrank

The HELOC dam is opening. Are you ready?

https://www.housingwire.com/articles/the-heloc-dam-is-opening-are-you-ready/?cx_testId=3&cx_testVariant=cx_1&cx_artPos=1&cx_experienceId=EXZNOASUT0V6&cx_experienceActionId=showRecommendations1PUX5DNS13CDGZ3#cxrecs_s

Housing Market Predictions For 2024: When Will Home Prices Be Affordable Again?
https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/

This is the 28th straight month of YoY declines for non-seasonally-adjusted pending home sales.
https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/

Credit card delinquency rates at Discover Financial, the 6th largest credit card issuer in America, just spiked to 2008 levels, according to Reventure.
https://twitter.com/WinfieldSmart/status/1782495875119387016