Here, in billions is the amount of ARM resets coming due. This is important because the "teaser" rates along with the "teaser" payments of deferring interest will no longer be available to the homeowner. Using this data it indicates that the second half of next year is when the housing market should start it's recovery, as resets finally start to wane.
Ben Bernanke's headline speech in the annual fed conference at Jackson Hole, Wyoming this Friday will be entitled, "Housing, Housing Finance, and Monetary Policy."
Should be interesting.