i did want to urge homeowners to take a vintage of these savings now. we're offering up to $7,000 in rebates for energy efficiency. after august 21, it will go down by about $1,000, so there really is reasons to participate in the next five weeks. ultimately, by helping homeowners make these upgrades, we're working together with the assessor reporters office to ensure that we can meet our carbon reduction goals here in san francisco. we are working to reduce their carbon emissions in the city by 20% below 1990 levels by the end of next year. that is one of the reasons to put together this program, to aggressively how to do energy efficiency in homes throughout san francisco. ultimately, this program, sf hip is a great example of our commitment to visionary and burn the to programs that help to promote social equity, to protect human health, and to leave their way towards a sustainable future. we're working very hard -- we have more direct -- very hard to get where we are, but to set our goals, we need to keep pushing the envelopes thef hip -- we need to

we call it the helping responsible homeowners act. we are heartened that the president mentioned something like this in his address to the congress. we are heartened that you are on our bill. we are thrilled with that, that our bill has been introduced by mark zandi, the chief economist by william gross, managing your encode cio of them cohousing and then thomas lawler has been endorsed by the national association law center, the national association of mortgage brokers and many others. so it's a win-win for fannie and freddie. but they can do this without her legislation. senator isakson and i are saying today, please come if they are listening somewhere are out there somewhere, please do this. this will save you money. you know, this will save fannie and freddie $100 million. this will help, by the way cbo says after 2 million homeowners. when they made that estimate, that's an interest rate or higher and we believe you're looking at perhaps three to 4 million homeowners, 5 million actually close to 5 million eligible for this. that

the homeowners called this an oasis. oasis on third and nroot. perhaps the most dangerous block in the bay view. >> almost like you live under siege. you go in the building abdomen and you don't go out unless you good to work or directly to wherever you are going. >>reporter: 3 homeowner agreed to speak with abc 7 about their life here. for obvious reasons they don't want to be identified. >> whenever i step out the darr there's danger. i don't fell comfortable standing on the platform waiting for the bus. i don't walk up and down the neighborhoodment don't walk our dog. >>reporter: the building is rate next to the grocery and liquor store. this is where 5-year-old girl was shot earlier this week walking home from school. stray bull flight a shoot out pierced her leg. the homeowner say the store front has become a hang out for drug dealers and street thug. >> on any given day i go home about 5 to receive people are standing in front of my door blocking access to the actual door. >>reporter: veteran who served in the gulf war. he says it's worse h

homeowner rebuttal? >> this is in response to whether there are active electrical and plumbing contracts on the property. we have asked the plumbing and electrician to boulder on permits. i apologize. i lay have what i pulled off the online web site, but there was the midpoint inspection this year for plumbing and electrical as well as the insertion of a fireplace. but they have not been a final -- they have not been finaled because the house has not yet been inspected. we have not have final inspection. thank you. >> commissioners, it would appear all the rough inspections have been done on the property and we are awaiting final. commissioner lee: ok. any more questions? ok. >> it is always troubling to me when, you know, in the midst of a house selling that had previous problems those issues have not been shared with the new purchaser. i think that is an ongoing problem. however, it does not deal with the fact of the violations here, which is what we are asked to look at. it looks to me like the depart

the homeowner would share in the appreciation.s is a partnership. we are trying to work together. i can tell you that the sentiment on the, you know, on the level of the borrowers is simply that the lender is trying to take my home away from me. everyone we work with. everyone cannot keep their home, but there are a lot of people who can't. this particular shared appreciation modification program not only would minimize foreclosures. it would increase property value because obviously people would not have to move out of their homes. it creates a sense of fairness and gives people an incentive to stay, rather than just walking away because now, you know, there is no incentive when the house is so under water. people need to be rebought -- be brought back. we need to give more consideration to our borrowers and give them a sense of we are all working together. the government, the mortgage industry, you know, the investor. we are all here as a win-win for each other. with that, i think that is the only way that we are going to be abl

the homeowners call this an os yaisis. on third and perhaps the most dangerous block in the bay view. >> this is like you're living under siege. you kind just go into the building and you don't go out unless going to work or directly to whenever you're going. >> and the homeowner as fwreeed to speak with abc 7 about their lives here for obvious reasons they don't want to be identified. >> i don't feel comfortable standing on the platform waiting for the bus. i don't walk up and down the neighborhood. we don't walk our dog ootz building is next to torino's gross skpri liquor store where a 5-year-old girl was shot this week walking home from school. a stray bullet pierced her leg. the homeowners say the store front has become a hangout for drug dealers and street thug autos on any given day goi home about 5:00 to seven people are standing in front of the door blocking access true the door. >> and this veteran served in the gulf war and says it's worse here. >> someone gunning for someone else you end up you know getting hit.

we call it the helping responsible homeowners act.ongress. we are heartened that you are on our bill. we are thrilled with that. that it was endorsed by mark zandi that is going to testify later at the analytics and by william gross, managing director and post see audio of pintco. it's been cursed by the national association of realtors and the law center, the national association of mortgage brokers and many others. so it is a win-win for fannie and freddie. they can do this without our legislation and senator isakson and irc into the please, if they're listening somewhere out there, please do this. this will save you money. this will save fannie and freddie $100 million. this will help, by the way, cbo says up to 2 million homeowners but when they make that estimate, that's when interest rates were higher and we believe we are looking at perhaps three to 4 million homeowners, 5 million are actually closed 5 million are eligible for this. so that's our story and we are sticking to it and we are strong on this. the fhfa we hope will f

morgan at the expense of equity holders michael hudson points out to the homeowners and corporate america on how even to the debt machine many corporations are effectively in negative equity or in and technically insolvent position headed by the financial sector by the banks themselves. maybe sympathy for the demonstrators in the bill. i don't know if there was a lot of sympathy per se to their point of view i mean we were you know in a similar similar boat so to speak a similar boat perhaps only one had life preservers the fact the government now is funneling money to a major bank and saying if you can do that with a bank why not do it strapped homeowners facing foreclosure as democrats. over. the crisis increases desperation sides hutcheon says mainstreet is leading the moron in the street in a battle for survival we are seeing a second class war in this country such as you've never seen in the entire history of the united states a class war class war except in this case the class war isn't the kind of war the marxist some socialist talk about it's enough between employers and employees

the media was now out in force covering the protests many homeowners would not talk to them you know anything like that but that you know i think eliot right at. the scene and b.c. reporter turned to me when others were assigned kelso why do you think people don't want to talk to you because they hate you they think the media is part of the problem they don't think that you're going to help them thinking about their. project either what's been the first financial crisis hit bottom. certainly or was the media when all this was going on why were there so few naming those investigations in what was to be common economic catastrophe things are only going to get worse we want to topple a bit more you've been incredibly pessimistic august two thousand and seven marked the beginning of the end of an era what had gone up was now coming down. ninety three percent from the year before. in london there was a run on northern rock bank more bank write downs followed billions that few b.s. and citi group fannie mae the largest source for home loans reported a three point five five billion dollars

. >> turning the tables, how some homeowners are trying to hold banks accountable. >> it's overwelming a little bit to have something tangible. so abstract. >> remembering 9/11. the piece of ground zero that is right here in the bay area. good evening, i'm ken. >> and i'm dana king. tonight we are learning more about what happened during a deadly shooting spree in nevada this morning. >> and we just learned about an hour ago that third national guard member shot in that attack has died tonight. police say local carson city resident shot 11 people in and around an ihop restaurant and turned the gun on himself. he was pronounced dead at the hospital. four other people were killed. three national guard members and one woman. police say he arrived at the restaurant at 9:00 a.m. in a blue minivan. he had two assault rifles and a handgun. joe vazquez is there where there's a growing memorial for the victims of the rampage. >> reporter: police are still on the scene of the crime scene. the ihop restaurant you see behind me. they are collecting evidence and talking to witnesses. we spoke to on

goldman sachs will have to restore equity or otherwise pay homeowners who lost their home to wrongful foreclosure. ocwen, the company taking over goldman's servicing business, also agreed to provide a single point of contact for all borrowers trying to modify a mortgage or avoid foreclosure. consumer advocates like michael calhoun say a single point of contact is a big step forward. >> if you are trying to get a loan modification, they have got to have a live person who has knowledge of your loan modification that you can talk to. because lots of people send in their documents, and then they talk to someone that they've never talked to before who says, "we never got your documents," and they start all over again. >> reporter: calhoun hopes the agreement between goldman sachs and state regulators will provide a model for servicing standards that could push forward national settlement talks now under way between states and the country's biggest banks. in the next month, calhoun expects those talks will either succeed in resolving the robo- signing mess or they will blow up. >> there's s

we'll take our money out of the banks. >> drastic actions for what homeowners call a drastically dyer situation. >> does this pose a certain risk? >> it does to me. hot weather, this is a fire hazard. all it takes is a spark. >> in richmond, cb s 5. >> california is one step closer to banning a chinese delicasy. trade or possession of shark's fi n. the shark fin has contributed to the decline of shark. it would go into affect in 2013. >> there are growing tributes to the victims of one of the worst terror attacks in hiss try. the bay area is now home to a rare piece of 9/11 history. shows us how it's being used as a symbol of strength. >> still under construction. needs to get finished. >> a twisted i beam destroyed. we all saw the pile of are you able the steal came from. ten years later it is almost sacred. almost given up on getting a piece of it. >> just opening the box for me and seeing it, it is very emotional to be able to touch something that was actually there at the world trade center site. it brings me back and most americans back to the time when this occurred. >> for fire

the city is providing water but homeowners say it has been a frustrating few days. >> we had to feed the goats, cows chickens, we had to put them in the house to rinse plates. >> they will vote on water rate hikes. >>> testing pipelines is not as strict as some other agencies. the san francisco examiner is reporting they have tougher guidelines. fire marshall instructors are carrying products and they handled 5,000 miles of pipeline each compared to 1,000 each compare to the other inspector. >>> michelle bachman is making a campaign stop. they will meet at a private home at 9:15 this morning. she will continue to campaign with two appearances in southern california. >>> coming up at 4:47 we will have the latest results, it shows but they don't agree with the rest of the country when it comes to a front-runner. >>> they are still scheduled to speak at san francisco despite a plane scare. she and other passengers safely arrived but escorted the justice from our cameras. the original airlines flight was about to take off when spoke was coming out from the other engines. the 185 people o

cynthia bowers tells us homeowners who need lower rates the most can't get them. and after the summer... >> it's gone! >> pelley: comes the fall. jeff glor on the historic collapse of the red sox and the braves. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, alabama's tough new immigration law went into effect today, surviving for now a challenge from the obama administration and others. the law will allow officials to check the immigration status of students in public schools and give the police new powers to determine whether someone is in the country illegally. a federal judge yesterday upheld those key provisions of the law. mark strassmann is in alabama with more about this new law and its impact. >> reporter: under alabama's new immigration law, police can detain suspected illegal immigrants and hold them without bond. the law's supporters complain the 60,000 people here illegally cost alabama taxpayers a quarter billion dollars a year in schools and social services and governor robert bentley promises

. >> relief could be in the works for struggling homeowners nationwide.hael finney and coming up a major settlement that could be coming your way. ee >>> settlement talks are underway with the nation's largest mortgage companies and they could wrap up as early as this month. 7 on your side's michael finney what a settlement could mean for struggling homeowners. >> shirley burnel has lived in this home for four decades. she has been fighting for foreclosure for three years. >> we've been doing the paperwork for years, just over and over and over again. i don't know what the issue is. >> donna has been in this san leandro home for is a years. books and games belonging to her six-year-old child is pleasant distraction. >> it's an escape from the anxiety we. >> have they are two bay area homeowners who could be helped by any settlement. california attorney general pamela harris is trying to negotiate an out of court settlement. >> i'm very confident. everybody is aware of the situation. >> i want them to give help to the homeowners but in that realm of trying

to qualify the homeowner must be current on his or her mortgage or becomes so for at least three months. this plan rewards responsible borrowers. these must be low cost minimal paperwork refinances, no appraisals, no income verification and no tax returns and a minimal title insurance policy. after all the government already guaranteed these mortgages. issuers of new mortgages would be indemnified against other reps and warranties violations, critical part of this program. underwear plan to gses which are to guaranteed fee of 40 basis points per year, more than offsetting any losses they might face. to gses would benefit through fewer defaults by borrowers with lower mortgage rates. our plan would pay 30 basis points to cover the costs originating service a new loan mortgages and making it possible for janitors and servers is given the stream -- making it profitable for originators and services given the streamlined process. at the plan must be attracted to market participants. servers you should have a sharp ear a time to offer this program to customers on an exclusive basis but only a

one of many actions they hope will get homeowners the help they need. protesters, angry about home foreclosures in the wake of billion-dollar bank bailouts, take to the streets in san francisco, demanding banks and wall street executives pay their fair share and help homeowners modify their loans. >> this today has been a hard day for me, being arrested for the first time in my life. >> reporter: police arrested 65-year-old brenda reed and five others from chase bank and released them. reed says she's taking action because after 38 years in her home, she may lose it. >> they've now scheduled a sale on my home before thanksgiving, which could render my homeless by christmas. >> reporter: activist groups organized hundreds of protesters who marched on market street. reed says they are speaking up for thousands of homeowners facing the same crisis. >> and there are people hurting. people who have broken hearts and broken dreams and it's breaking up our community. >> reporter: she says she was the victim of predatory lending. she's spent the last 2 1/2 year

. >> relief could be in the works for struggling homeowners nationwide. a major settlement could be coming your way. >> and later, science fiction becomes science fact. a new planet right out of abpx >> closed captioning brought to you by mancini sleepworld. >>> there are still lingering traffic delays on interstate 580 after this got wedges between a big rig on the bart tracks. investigators say he did not see the mazda while changing lanes. and the two vehicles swerved into the divider two. other cars were hit. and three of the drivers went to the hospital and their injuries only minor, thank goodness. this accident has been cleared and service back to normal now. >> this next story sounds like something out of a tv crime drama with future of a church deacon at stake. and there is a secret memo, dna evidence and a credibility at the analyst. and we're live tochl plain this. >> in this case is the dna expert who gained notoriety in the oj trial. this case is based soley on dna evidence. the public defender wants the judge to release a memo, they hope wil

. >> right below the surface, the anger from many of the homeowners who stared death in the face on theht the san bruno pipeline exploded. >>> good evening, i'm ken. >> and i'm dana king. credible and specific. those may be the two most telling words that government leaders have been using to describe a terror threat they are investigating. >> this as law enforcement agencies nationwide had beefed up security to prepare for the ten year anniversary of 9/11. elizabeth cook on what the feds have revealed about this threat. >> reporter: with just 72 hours until the anniversary of the 9/11 attacks, officials are going on record. there's renewed worry of a terror plot. >> the nypd and the entire intelligence community have been on heightened alert because we know that terrorists view the anniversary as an opportunity to strike again. >> u.s. officials are being tight lipped, but according to published reports, the plot started when three people entered the u.s. in august with the intent to launch a vehicle born attack in either washington or new york around the anniversary. >> there was an i

in an effort to help our city's in an effort to help our city's homeowners afford energy

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homeowners getting first default notice in august was up 33% from july, a nine-month high and largestonthly gain in four years. it appears banks are taking faster action against homeowners who fall behind in their payments. >>> the united autoworkers union has extended its contracts with gm and chrysler after failing to meet a deadline. the contracts expired at midnight, but the sides have agreed to a one-week extension. the negotiations have little impact on the 71,000 workers. at part of their bailout in 2009, gm and chrysler employees had to agree not to strike over wages. >>> the first chinese made car is now available on the u.s. market. the all electric car retails for under $45,000. it's not all chinese made. the battery and some of the electronics are produced in l.a. the car will compete with the chevy volt and nissan leaf which are both cheaper. >>> and extreme couponers beware. some chains are saying enough is enough! kroger, cvs, and target among others are cracking down on the coupon and craze and you can no longer double up or triple up on your savings. they say the coup