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News Link • Housing

***2010 MORTGAGE RESETS ARE DOUBLE 2008'S RESETS ***The US housing market is on implosion alert!

• godlikeproductions.com
Massive mortgage resets for 2010 & 2011 are near! Okay, 2008’s biggest month of mortgage resets were in Sept 2008; $64 billion in mortgages reset that month, and the monthly average was $40 billion for 2008. For 2010, August is the biggest month with $97 billion in mortgage resets, and the 2010 monthly reset average is $83 billion – DOUBLE THE AMOUNT OF MORTGAGE RESETS FOR 2008!!! FRIGHTENING NUMBERS BELOW: Mortage resets for 2010; billions per month Jan Feb Mar Agency $6 $7 $6 Prime $9 $10 $11 Alt-A $12 $13 $15 Sub $13 $14 $16 Option $16 $18 $23 Total $56 $62 $71 Apr May Jun Agency $8 $9 $9 Prime $12 $14 $15 Alt-A $16 $19 $21 Sub $17 $20 $22 Option $24 $26 $29 Total $77 $88 $96 Aug Jul Sep Agency $10 $9 $10 Prime $14 $14 $15 Alt-A $20 $19 $20 Sub $21 $20 $23 Option $32 $27 $29 Total $97 $89 $97 Oct Nov Dec Agency $10 $11 $10 Prime $15 $14 $13 Alt-A $20 $19 $18 Sub $23 $22 $21 Option $28 $28 $27 Total $96 $94 $89

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