Recovery or about to worsen?

According to this NYT article from yesterday, consumption is up and "malls are back."

But, check out these graphs of mortgages. There's this one starting in 2007 (we're in month 39) and this one, the same thing without previous years. It seems we're poised to enter the second wave of mortgage resets. Here's an article about it from January.

If the mortgages do start to go bad again, I imagine it would be worse. Two to three years ago, the economy had some padding which we used up. Since then we've not had any slack in the system since unemployment is already high and house prices have already been low.