Falling Home Ownership Rates

In 2004, Fannie Mae and Freddie Mac, the quasi-government mortgage giants, purchased 44 percent of all subprime mortgages-backed securities sold worldwide. That same year, home ownership rates in America peaked after a 15 year rise propelled by government efforts to expand ownership. Since then, rates have been declining steadily, as a recent Census report on 2009 discloses.