. >>> a deal for unemployed homeowners. the new policy that could keep people from losing their homes. >> can you really shoot someone who breaks into your house? who does the law protect? the robber or the homeowner? >> good evening, i'm dana king. ken is on assignment tonight. she walked out of a union square store without paying for a bunch of fancy clothes. today that woman, a bay area lawmaker, walked out of court with a slap on the wrist. the assemblywoman represents the east bay and try valley. her attorney blamed it in part on a brain tumor. >> mary admits she walked out of neimann marcus without paying. last october, police arrested her for stealing leather skirt and other clothing worth $2500. her attorney told prosecutors she has a treatable brain tumor, which may have impacted her decision making abilities. today in court, the felony grand theft charges were reduced to a misdemeanor. >> her attorneys let the prosecutors know that the brain tumor was something that o dured to her, may have been an issue, but she'

now homeowners have filed a claim.'ll tell you what that want in a live report. >>> possible changes in store for san jose's new pot club policy. >> reporter: it just moved into its new

there's a homeowner behind every one of those mortgages and a family. chris arnold with "nbr" tonight investigating freddie mac. >> susie: still ahead-- from the housing crisis to jobs, the republican presidential primary race heads to the sunshine state. we hear from a florida c.e.o. about what he wants from washington. if the nation keeps doing what it has done in the past-- extending tax breaks and putting off spending cuts-- the deficits, over the next decade, will top $11 trillion. that's the sobering update from the congressional budget office. and as darren gersh reports, the deficit dilemma is an increasingly tight fit. >> reporter: if we cut the deficit right away-- eliminating the bush tax cuts and slashing defense and other spending-- the deficit will drop dramatically, but the economy will stall out. >> taken together, these policies will generate a sharp fiscal contraction. >> reporter: if we wait to cut the deficit, that will boost the economy in the next few years, but as more baby boomers retire, the cost of social security, medicare, an

profit by betting against some of those homeowners.abc's jim avila has the story. >> reporter: when freddie mac nearly went bankrupt, american taxpayers bailed them out. but when jay and bonnie silverstein, like many american homeowners, asked to refinance their above market, 7% interest rate on their philadelphia home, the answer was no. >> it's put us in financial jail. >> reporter: if they reduce that rate to 4%, the current average, they'd save $500 a month. but freddie mac, the government-run mortgage giant, that's supposed to make it easier to own a home, won't let them refinance. >> it just flies in the face of common sense. >> reporter: and it makes them angry, because it turns out freddie mac is making money from homeowners like the silversteins, by keeping them stuck in higher interest loans. a joint investigation by national public radio and pro publica has found freddie mac has invested billions of its own money in securities of its own money if homeowners are allowed to refinance mortgage rates. >> when the homeowner refin

making a profit by betting against the homeowner.a letter to those overseeing freddie mac senator boxer says quote at a time when millions of american homeowners are struggling to make the payments freddie mac should be taking every step to helpboroer refinance at today historic low rate not betting against the ability to do so end quote. more tonight from jim avila. >> when freddie mac nearly went bankrupt american taxpayers bailed them out. but when jay and bonnie like many american homeowners have to refinance the above market 7% interest rate on their philadelphia home the answer was no. >> put us in financial jail. >>reporter: if they could reduce that rate to 4 percent the current average they would save 500 dollars a month. but freddie mac the government run mortgage giant that is supposed to make it easier to own a home won't let them refinance. >> just fly ins the face of common sense. >>reporter: it makes them angry because it turns out freddie mac is making money from home he says like them. by keeping them stuck in higher

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three homeowners have filed claims. our sister station in sacramento tried to talk with the city and police, but they said they couldn't speak of it while it was under review. we spoke with one former sheriff who said the risk outweighed the cost. >> dealing with the time factor. you look at the need to capture the offender versus the cost, the inconvenience to somebody's fence. >> reporter: he thinks the city should probably go ahead and pay but says that actually property damage is pretty common in suspect searches like this. police did arrest henry albert smith, junior. he'll be back in court later this month. the city attorney's office should decide in about the next two weeks how to proceed and whether to pay or not. reporting live in vallejo, i'm christie smith. jon and laura, back to you. >> thank you very much, christie. >>> 5:03 right now. foggy conditions being blamed on san jose's first traffic death of the year. a 25-year-old woman killed when her car was struck by two others on curtnor avenue. she was comin

was betting billions of dollars that struggling homeowners would foreclose in two thousand and ten in two thousand and eleven a time in which freddie mac. should have been helping those same struggling homeowners refinance their mortgages despite touting on its website that its mission is to quote stabilize the nation's residential mortgage market and expand opportunities for homeowners ship this investigation shows freddie mac. was doing just the opposite the stabilizing the housing market making profits when people were being kicked out of their homes so how did a public service go so wrong for more on this richer esko joins me in the studio he's a senior fellow at the campaign for america's future richard welcome back good to be here tom great to have you with us. what exactly is freddie mac. right now in this all goes back to a fully public institution that was created one hundred thirty eight running up privatized in sixty eight by learning johnson because he wanted to get basically any cause that might make the vietnam war look bad off the books exactly and so where what is it n

a homeowner watches a robbery unfold on her computer. >> he's in my house.what she sees when "caught on camera invasion" continues. laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. thanks. i know a quiet little place where we can get some work done. there's a three-prong plug. i have club passes. [ male announcer ] now there's a mileage card that offers special perks on united, like a free checked bag, united club passes, and priority boarding. thanks. ♪ okay. what's your secret? ♪ [ male announcer ] the new united mileageplus explorer card. get it and you're in. fantastic! [ man ] pro-gresso they fit! okay-y... okay??? i've been eating progresso and now my favorite old jeans...fit. okay is there a woman i can talk to? [ male announcer ] progresso. 40 soups 100 calories or less. and then treats day after day... well that's like checking on your burgers after they're burnt! [ male announcer ] treat your frequent heartburn by blocking the acid with prilosec otc. and don't get heartburn in the

. >>> a deal for unemployed homeowners. the new policy that could keep people from losing their homes. >>> can you really shoot someone that breaks into your house? who does the law protect? she walked out of a store without paying for a bunch of fancy clothes. and today, that woman, a bay area lawmaker, walked out of court with a slap on the wrist. the assemblywoman represents the east bay and trivalley. linda yee tells us, her attorney blamed it in part on a brain tumor. >> mary admits she walked out of neimann marcus without paying, but the assemblywoman decided not to fight the charge anymore. last october, police arrested her for stealing a leather skirt and other clothing worth $2500. her attorney told prosecutors she has a treatable brain tumor, which may have impacted her decision making abilities. today in court, the felony grand theft charges were reduced to a misdemeanor. >> mary's attorneys let the prosecutors know that the brain tumor was something that occurred to her, may have been an issue, but she is not us

the deal would help roughly one million homeowners reduce their mortgage by an average of $20,000. so what is the problem? well, the attorney general says it would limit her ability to bring charges against lenders that wrongfully foreclosed on homeowners. >>> concerns about foster care, unemployment and education were among the issues that came up at tonight's abc7 listens meeting. about 40 people attended the town hall-style meeting at the east oakland youth development center. it is dedicated to developing children into self-supporting and aware citizens. the discussion moderated by abc7's ama dates focused on the positive programs in east oakland to help young people and their families. 7 listens is a chance for viewers to talk directly with us about what is on their minds. if you would like to learn more about what abc7 is doing in the community, go to abc7news.com/community. >> we are always happy to hear from you. >>> shoppers will have to shell out 10 cents or bring their own bags starting next january. and if by july they will have to put their paper and bottles and sorted

the homeowners say s.w.a.t. teams broke fences and tore down blinds. one repair estimate, about $450, another about $700. our sister station contacted police in the city, but they said they couldn't speak on it while it was under review. a former sheriff said the risk outweighed the cost and the person already showed how dangerous they are. >> dealing with a time factor. you look at the need to capture the offender versus the cost, the inconvenience to somebody's fence. >> reporter: officers did arrest henry albert smith, junior. he's due back in court later this month. the city expected to decide in about the next two weeks how to proceed with all these claims. reporting live in vallejo, i'm christie smith. jon and laura, back to you. >>> a san jose police officers remains hospitalized this morning recovering from injuries after a carjacking suspect rammed his patrol car. police arresting 27-year-old alejandro gonzalez after he rammed into another patrol car as they chased after him. a total of six officers were hurt during the pursuit. gonzalez alleg

the homeowner has no idea. he woke up to the sound of fire and flames in that garage, got his two kids, wife and dogs out. he says they'll worry about the rest later. he's just glad everyone is okay. claudine wong, ktvu channel 2 news. >>> thank you. governor brown will give his state of the state address just three hours from now. he is expected to use the speech to promote his tax increase initiative on the november ballot. last year he called on lawmakers to put tax hikes on the ballot to close the state budget deficit. but republicans blocked the idea. now he is going straight to voters. >> he's asking the people of california to do something extraordinary, which is in a state that's rapidly anti-tax to temporarily increase taxes on themselves so we can have stronger schools, safer communities and fix the chronic budget problem. >> after the address, the governor will fly to southern california to drum up support for his tax plan. he will speak at los angeles city hall and then meet with teachers in burbank

as a private banker 14 homeowners now eligible for restitution. but none of them have filed any claims against this man. >> i actually feel bad for the victims. feel bad for the homeowner because at this point they still believe there is some miracle some way that through this scam that he has perfect waited they can save their home. >>reporter: federal agent say in this request for search warrant the mortgage rescue scheme continue to operate while he was incarcerated and after his release. investigators accused him of operating out of this home in the contra costa county town of brentwood. they say he bilked 600 homeowners in california, nevada and beyond and defrauded mortgage holders and lenders of more than 2 01 million dollars. authorities serve a search warrant at the home in december and seized computers. feels. other records. an investigation is described as ongoing. >> he is cooperate with if i sort of investigation. he has been cooperating and i imagine that if they want to get more information he would still cooperate with them. >>repo

the deal would help roughly one million homeowners reduce their mortgage by an average of $20,000.o what is the problem? well, the attorney general says it would limit her ability to bring charges against lenders that wrongfully foreclosed on homeowners. >>> concerns about foster care, unemployment and education were among the issues that came up at tonight's abc7 listens meeting. about 40 people attended the town hall-style meeting at the east oakland youth development center. it is dedicated to developing children into self-supporting and aware citizens. the discussion moderated by abc7's ama dates focused on the positive programs in east oakland to help young people and their families. 7 listens is a chance for viewers to talk directly with us about what is on their minds. if you would like to learn more about what abc7 is doing in the community, go to abc7news.com/community. >> we are always happy to hear from you. >>> shoppers will have to shell out 10 cents or bring their own bags starting next january. and if by july they will have to put their paper and bottles and sorted i

since the modification effort started, more than two million homeowners have gotten their loans changed,000 in florida alone in the third quarter. >> we've been doing the process for a year on the phone, and it was very difficult because every time somebody needed something, it would just go back and forth, and it was just long and tedious and we weren't getting resolution. >> tom: jacqueline alvarez, an i.t. specialist, and her husband al is a car salesman. they were about $35,000 behind in their mortgage and taxes, due to job loss. but at this workshop... >> we got approved for a loan modification and our payment dropped by half. yeah! >> tom: now, their monthly mortgage will be $1,600. in the third quarter, two-thirds of floridians who got their mortgages modified shaved at least 20% off their monthly payment. the firefighter and the nurse, the wises, also were successful. >> what we owed on the front end, they decided to put on the back end of the mortgage. just go ahead and work with us to allow us to stay in the home with an affordable monthly mortgage. >> tom: a modified mortgage

she's one of 2,000 homeowners in the area to face foreclosure. gary brown also came to get help. >> the pressure to get out of our home evicted and i'm asking them to work with us because we need that. >> reporter: this is the fourth time this group has called attention to this particular bank of america branch. they are demanding the they take the property taxes owed and invest it. >> we are viable and we're focused on achieving our geeles. >> goals. >> reporter: i left messages for the media representative for bank of america and they've not returned my calls. back to you. >>> new details tonight. the name of the man arrested in a series of san francisco sexual assaults has been released. frederick dosier is charged with attempted murder, robbery and rape. this is surveillance video of the suspect released by police. investigators say that they have linked him to three attacks on women. all of these attacks took place between june and december. >>> fire investigators say smoke detectors did not work in a deadly early-morning blaze. the fire bro

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the 14 homeowners now eligible for restitution. but none have filed claims against him. >> i actually feel so bad for the victim and homeowners because at this point they are still believing there is going to be a miracle, some way that through this scam that they're going to be able to stay in their homes. >> federal agents in this request that the scheme continued to operate while he was n.incars rated and after release. investigators accused him of operating out of this home in the contra costa county town of brentwood and say he bilked 600 homeowners and defrauded mortgage holders and lenders of $201 million. authorities served a search warrant at the home in december and squeeze seezed computers and files and records. >> he's he has been cooperating and i imagine that if they want to get more information he would still cooperate with them. >> skm there is also named or bruise blankenhorn. awaiting trial. his fiancee and brandon lee, a man who posted webinars are also suspects. his probation report indicates he was convicted in

and then the banks can move on and also the homeowners. resolution of the mortgage debt overhang. >> we are living with a great myth right now. the myth that banks have returned to solvency because we're putting on blinders. >> what does that mean? >> they have not, as mitt romney just said, the banks have not written down the actual value and all the mortgage debt they are carrying in the housing market. if they did that, all the stress test stuff which shows they are still in very bad shape. everybody is hoping to hold on for a couple years. it will come back. we can pretend it didn't happen. but it may not come back given what we still see in the housing market. >> what is it about doing what former governor romney is saying and what you have been saying since the crisis emerged? largely what myself has been asking about since the crisis emerged. it is the elephant in the room, and yet we have not seen a consequential resolution proposed. more importantly, or as important, we have not seen p t political opponents say you have to do this

other states require a homeowner to try to retreat or escape before using deadly force. southern methodist university law professor jeffrey bellin explains. >> if you can safely retreat, we're going to ask you to do that, as opposed to respond, especially with deadly force. if you don't, you can be prosecuted. >> reporter: though he couldn't think of a single example where a homeowner ended up in prison. if you decide to prosecute who shoots somebody who is breaking into their home, at some point, that has to go before a juror judge and there's going to be a lot of sympathy. >> many of the cases that do get prosecuted don't even make it past the grand jury stage. >> reporter: that's what happened in 2007 in texas. >> i've got a shotgun. do you want me to stop them? >> nope. don't do that. ain't no property worth shooting somebody over, okay? >> reporter: a retired computer engineer is watching two men break in, not his home, but his neighbor's. >> i'm not going to let him get away. i can't take a chance on getting killed over this, okay. >> no. >> i'm going to shoot. >>

number one, how was this going to reach the individual homeowner? also and mortgage servicing? >> on the second part of your question, around servicing, to be clear, as i think you have heard, the focus here is really on securitization-related organization concept. i guess the way that i would describe it, if you think about the actions that really led to the devastating impact on homeowners out, on neighborhoods, on the entire world economy, in fact, it was really the origination and securitization of these products that created those devastating problems. the servicing problems that we have been investigating are contributed to that. they were sent to those problems, but frankly they did not fundamentally create these problems. i would say those servicing problems which we have been looking at separately are a small part of the overall set of causes of this crisis, and really compounded it rather than creating it. so the focus here is on the original conduct that led to the inflation, the bubble, and the crash afterwards, not the servicing after that. but in terms of the way

i was a homeowner thinking about solar electricity for my home. i had to answer a bunch of questions. one, does this stuff work? would it work on my home and most importantly, can i afford it? well, i did the research. i bought a system. now i get to share that knowledge and that experience with you. for the next 30 minutes, we'll have a class in solar basics and we'll go out in the field and see an actual solar system being installed. 30 minutes, solar basics, stay with me. >> let's talk about the technology, what is it and how does it work? there are three types of solar actually when you sauk about solar. i want to avoid the confusion to make sure we're focusing on the right one. two of them involve heating water and they're very viable technologies, can be very coast effective but we're not going to deal with them right now. one is solar pool heating. it pumps the water up there, heats it, runs it through there, the sun heats it and back into the pool. this one is called solar thermal or solar hot water. it heats domestic hot water or d.h.w. t

this is probably the choice preferred for most homeowners. the second technology which is coming on strong is called thin film. that's really a whole different technology using a lot less material. it's like sprayed or painted on, a different way of producing electricity. this stuff has a lot of potential because it can be used in a lot of different ways. this is a thin film panel here, right here and one of the innovative ways you can use this thing is on thought metal seamed roofs. they have an add he'sive backing on and they can stick down on the roof without penetrating the roof. it's a very effective and cheap and safe installation process. thin film has a smaller, a lesser efficiency. half as efficient but it's about half the cost. so if you look at it, a small system 1.2 kilowatt systems, it produces 1.2 kill what's in full sun or 1,200 watts. in crystal lynn it could would take 500 panels. in thin film it would take this much space. they would produce the same and at current prices they cost close to the same. let's look at the typica

>> well, what they said they want is more help for homeowners who are underwater. folks want the principals on their loans to be written down. they would like these refinancing programs and loan modification programs to reach them. you know, figures were cited earlier that the administration has put out and it's true. in fact, more than 900,000 people have had permanent modifications but none of the people that i spoke to had been able to benefit from any of those programs. so there's this sense that those, you know, folks in washington who have put forth solutions, those have not worked thus far. what they're hearing so far from the candidates on the campaign trail, on the g.o.p. side are a lot of generalities but no specific proposals that, you know, would suggest a way out. >> brown: it sort of presents an interesting dilemma, jed kolko, for some of the republican candidates because for the most part on economic issues they're pushing for free-market policies. how does that translate into the particulars of the housing market? >> i think the republican candidate

the fact is they're joining 65 other san francisco homeowners who had to maintain their trees for years. but what if the tree to be handed over is not healthy or structurally sound? >> they will not do this until the city addresses the concerns. >> they put themselves between a rock and tree. >> reporter: nonetheless, the tree group, friends of the urban forest, think that all trees which benefit all citizens should be carefully maintained by the city. >> we disagree with the fact that homeowners should take care of trees. and in fact they agree with us also. >> reporter: and another worry, individual homeowners may not do to required maintenance or afford somebody who can. and then be fined as well. reporting live, tom vacar, ktvu channel 2 action news. >>> and an alameda woman behind bars for allegedly helping a teen buy alcohol, one who later died in a drunk driving crash. authorities say that chen went to the store with the 17-year- old last february, with the intent of helping her buy liquor. several hours later, the girl got in a car after a party and was called in the accident. t

they advise distressed homeowners on how to save their homes. he also tells me that they're going to be back in court on friday. he'll go back before that judge, but he's not sure what will happen between now and then. and he's certainly hoping that he doesn't get evicted. reporting live in oakland, i'm christie smith. back to you in san jose. >> thank you so much, christie. jury selection begins in the trial of a san francisco gang member accused of killing three members of a family in mistaken identity back in june of 2008. the man and two of his boys died. sparking public outrage that protects juveniles convicted of crimes from being deported. >>> she doesn't want a chance to meet the sharks players but wants an apology. she told the san jose mercury news she has been offered personal gifts and tickets but has yet to hear an "i'm sorry" from the woman who she says what canned her on the head last wednesday. she is a brain cancer survivor and she suffered a partial concussion from that blow. the fan told sharks security she hit her by accident

on the other hand betting against the homeowner.refinance. it just looks bad. may be legal, jon but it looks bad. jon: that's the question, are they doing anything wrong here? >> they're following the letter of the law because as freddie mac was structured and freddie mac that used to be, again a private enterprise, they are within their rights. having said that, and they say, according to freddie mac these are separate arms. this is separation of church and state at freddie mac. those that are regulators and you have those that are traders, separate division. but the sheer fact that it got this type of trading and investment vehicles being offered, being bought and sold by freddie mac by this trading arm is what seems very inappropriate. again, you've got, let me point out one thing. it is better for the economy, it is better for freddie mac, it is better for banks and financial systems for people at home to stay in their homes, to refinance. every economist in this nation will say that to you. yet fred free comes along says, well,

. >> why thousands of bay area homeowners are about to own a little more property. whether they like it or not. area celebrated dr. martin luther king, junior's life and legacy he "freedom >>> hundreds of people in the bay area celebrated dr. martin luther king's life and legacy today aboard the freedom train. it commemorates king's march from selma to montgomery, alabama in 1965. caltrain's freedom train is the last of its kind in the nation. >>> in one bay area city in particular, people say dr. king's message is needed now more than ever. christin ayers in oakland to tell us why. >> many of the celebrations were in honor of gabriel martinez whose memorial is here and two other toddlers just one and three when they were killed last year. there was hope that many of these gatherings but there was also grief. >> i just hope that it doesn't happen to anybody else and i hope that people really do change. >> reporter: for gabby martinez, martin luther king, jr., day was about remembering a little boy she will never see again. her 5-year-old brother gabriel martinez was

zero aid to homeowners while banks were paid out and politicians kept their jobs. the effect on all of us is a 50% increase on average debt. as we become more aware that it's the corrupt influence of the purchasing of politicians, how much more difficult does it become for the banks or special interests to do this? in other words, how valuable is the work that everybody is doing in this country to make people more aware of these things? >> i think not only do we need to be made more aware, but if people are going to try to change how their congressman or senators vote, they need to engage with them on these subjects. we saw that when the sopa debate happened. you saw a lot of these companies organize a lot of people online to start getting in touch about certain legislation. you're going to see a lot more of that, i believe, as people pay more attention to the influence of money on all of these issues that affect them. >> there's also a news item that warrants our conversation. fannie mae and freddie mac, the two major housing agencies that the american taxpayer an

homeowners filed claims requesting $11,000 in damages. last november, officers were combing the neighborhood for a bank robbery suspect accused of

it turns out one mortgage giant may not be working in the best interest of homeowners.could be quite the opposite. according to an investigation by npr, freddie mac has reportedly spent dl billions of dollars -- spent billions of dollars betting homeowners with high rate mortgages won't be able to refinance. they were profiting from homeowners with high rate mortgages and freddie mac was allegedly making it more difficult for those locked in with high interest rate mortgages to refinance to a lower rate. this is all according to their investigation. freddie mac and its cousin fannie mae imposed new rules and regulations and have introduced new fees effectively narrowing the number of borrowers who could qualify for freddie insured mortgage. the white house is now saying it's going to look into this matter. >>> we can hate companies for a lot of reasons. some because of the business they're in or their policies. wall street decided to review a long list of companies and surveys to figure out what it thinks of the most eighthed companies in america. -- hated companies in

this new unit will hold accountable those who broke the law, speed assistance to homeowners and helpn the page on an era of recklessness that hurt so many americans. >> the president also pushed for a way to give homeowners a break. >> i'm sending this congress a plan that gives every responsible homeowner the chance to save about $3,000 a year on their mortgage by refinancing it at historically low rates. no more red tape. no more run around from the banks. >> but keeping them honest, both proposals on mortgages and financial fraud don't just sound familiar, nearly identical to promises made and programs he's already launched. take a lock. >> the plan i'm announcing focusing families that played by the rules and acted responsibly. by refinancing loans for millions of families in traditional families who are underwater or close to it by modifying loans for families stuck in subprime mortgages they can't afford as a result of skyrocketing interest rates or personal misfortune. and by taking broader steps to keep mortgage rates low so families secure loans with affordable monthly payme

i'm glenn pomeroy, the state created earthquake insurer for homeowners. we are here talking about preparedness to recovery. speaking in terms of the individual, the future survivors that was spoke about so eloquently. just a quick comment. the only way that those individual homeowners or apartment dwellers that could have the financial strength to rebuild is if they have an earthquake insurance policy that is provided in our part by this nonprofit state traded california earthquake authority. earthquake insurance is specifically excluded from your homeowners insurance. it's important for people to realize that. the only way they have financial security for earthquake damage is to purchase a separate earthquake insurance policy. they created a. we're a nonprofit carrier. we are trying to make the cost is affordable. it isn't cheap. senator feinstein in the senate and three republican members in the house have introduced identical legislation cause the earthquake insurance act. we would save $100 million a year for california policyholders so i would encour