http://blownmortgage.disqus.com/Mortgage and finance with a sarcastic bentenTue, 05 May 2009 11:44:52 -0000http://www.blownmortgage.com/some-good-housing-news#comment-9015355<p>I know I'm repeating myself, but I'm not so hot on the uptick yet.</p><p>1. The year of the Jumbo ARM reset - This year the higher end is going to be hit like the low end was last year. It's almost like we have a two-teired market now.</p><p>2. We have $420B worth of ARM resets next year and going into 2011 - There's going to be a whole other wave of this if we don't get massive refis or loan mods done, that on top of the worst unemployment rate in CA since the Great Depression.</p><p>As someone said on CNBC yesterday, this is going to be a W shaped recovery. I don't see "full" recovery until 2012, but I hope I'm wrong.</p>DonTue, 05 May 2009 11:44:52 -0000