Mortgage Resets a Potential Problem into 2012 / by urbanexus

An updated mortgage reset chart prepared by Credit Suisse was posted at on May 20, 2009.  This chart shows that rate resets of residential mortgages  will range between $18 and $42 billion dolars per month into the third quarter of 2012.  As of May 2009, the volume of resets is about $28 billion.  It is expected to drop down under $30 billion in August and then begin increasing steadily to a peak of about $42 billion in January 2012, at which point a rapid deline in the volume of mortgage resets is expected.  It looks like there is a continuing potential for a significant volume of residential foreclosures for the two and a half year period between mid 2009 and the beginning of 2012. ECON - 2009-05-20 Mortage reset-recast chart from Credit Suisse