More Latinos Lose Their Homes

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LOS ANGELES -- The percentage of Americans who own their own homes has decreased to its lowest level since 1998, according to the U.S. Census Bureau. Some 65.5 percent of residents owned their own home in the last quarter of 2010. In the western United States, including California, the percentage dropped to 61 percent.

But the lowest percentage of homeowners occurred among Latinos, Africa Americans and Native Americans. Among Latinos, less than half – 46.8 percent – were homeowners at the end of 2010. An even lower percentage of African Americans – 44.4 percent were homeowners.

The rate for whites during the same time period was 74.2 percent.

This week the federal government’s Home Affordable Modification Program, HAMP, announced that half a million people were eligible to renegotiate their mortgages.