Chart 45 After Underwriting Standards Relaxed in 1994, Homeownership Expanded Almost 8% or by Over 15 Million Households (We believe this is the "at risk" group.)

Year Homeownership Rates (percent) Number of Owned Homes (in millions)
1994 64.0% 62.1
1995 64.7% 64.0
1996 65.4% 65.1
1997 65.7% 66.4
1998 66.3% 68.0
1999 66.8% 69.4
2000 67.4% 70.5
2001 67.8% 73.4
2002 67.9% 74.2
2003 68.3% 76.0
2004 69.0% 77.3

Sources: Internal Revenue Service, Federal Reserve, Freddie Mac, Office of Federal Housing Enterprise Oversight, and Census Bureau.