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

H. Pike Oliver focuses on master-planned communities. He is co-author of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN, published by Routledge in 2022.

Early in his career, Pike 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. For the next three decades, he was involved in master-planned development on the Irvine Ranch in Southern California, as well as other properties in western North America and abroad.

Beginning in 2009, Pike taught real estate development at Cornell University and directed the undergraduate program in Urban and Regional Studies. He relocated to Seattle in 2013 and, from 2016 to 2020, served as a lecturer in the Runstad Department of Real Estate at the University of Washington, where he also served as its chair.

Pike graduated from San Francisco State University's urban studies and planning program and received a master's degree in urban planning from UCLA. He is a member of the American Planning Association and the Urban Land Institute and a founder and emeritus member of the California Planning Roundtable.

https://urbanexus.com
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