Detailed text transcripts for TV channel - CNN - 20100203:16:57:00
Credit. we saw home ownership hit a record high of 69%, to put in comparison here, in 2004. that was an era of free and easy money, two years later, however, the economy took a turn and then home ownership rates, well, they've been falling ever since then. here's the problem, many people lost their homes to foreclosure, 1 million people filed for bankruptcy last year, and unemployment is at 10% and credit hard to get, and when it comes to paying a credit card or a mortgage, transunion is choosing to pay their credit card so they can eat and buy gas and other daily activities, and so home owner...
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