It’s 2002, All Over Again: Homeownership Registers Record Drop in 2007

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The mortgage mess contributed to the single largest annual drop in homeownership on record, according to statistics released Tuesday by the Census Bureau.

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U.S. Homeownership Rate Falls to Lowest Since 1967. The nation’s homeownership rate continued its decline in the second quarter, dropping to a 48-year low, the Census Bureau reported last week. The homeownership rate slid to 63.4%, down from 63.7% in the first quarter and 64.7% in the second quarter of last year.

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MBA Sees Slow Growth in Purchase Originations, Drop in Refinancing, Weak Overall Economic Growth in 2012 oct 11, 2011 Chicago, IL (October 11, 2011) – The Mortgage Bankers Association (MBA) expects to see mortgage originations fall from an estimated $1.2 trillion in 2011 to $900 billion in 2012.