MORTGAGE FINANCE OVERHAUL TO RAISE COSTS, REDUCE HOME-OWNERSHIP

 David Stevens, commissioner of the Federal Housing Administration, which guarantees loans to first-time and low-income home buyers. Ownership rates, which rose from 63.8 percent in 1994 to 69.2 percent a decade later, have since dropped to 66.9 percent, according to the U.S. Census Bureau. Stevens said he expects the rate to fall further.


http://www.bloomberg.com/news/print/2011-01-31/higher-costs-lower-home-ownership-rates-expected-after-housing-overhaul.html



http://www.federalreserve.gov/newsevents/press/bcreg/20110201a.html