Mortgage Resets a Potential Problem into 2012

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Written By H. Pike Oliver

An updated mortgage reset chart prepared by Credit Suisse was posted at calculatedrisk.com 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

H. Pike Oliver

Born and raised in the San Francisco Bay Area, H. Pike Oliver has worked on real estate development strategies and master-planned communities since the early 1970s, including nearly eight years at the Irvine Company. He resided in the City of Irvine for five years in the 1980s and nine years in the 1990s.

As the founder and sole proprietor of URBANEXUS, Oliver works on advancing equitable and sustainable real estate development and natural lands management. He is also an affiliate instructor at the Runstad Department of Real Estate at the University of Washington.

Early in his career, Oliver worked for public agencies, including the California Governor’s Office of Planning and Research where he was a principal contributor to An Urban Strategy for California. Prior to relocating to Seattle in 2013, Oliver taught real estate development at Cornell University and directed the undergraduate program in urban and regional studies. He is a member of the Urban Land Institute, the American Planning Association and a founder and emeritus member of the California Planning Roundtable.

Oliver is a graduate of the urban studies and planning program at San Francisco State University and earned a master’s degree in urban planning at UCLA.

https://urbanexus.com
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