a 27-year-old man sitz in a connecticut jail cell today, charged with murdering his parents. the couple disappeared in august. jeffrey and jeannet jeannette r were found. sarah gavin is covering this case. so this case was a mystery for months. police now believe that their son, jeffrey navin killed his parents and left their remains near an abandoned home that was about nine miles from their house in connecticut. you know, for a while, you know, they were not sure if maybe this family had not been murdered, but the possibility that they were running away from some financial foreclosure problems, but the break came in this case on thursday, when those remains
jenna: happening now , it s being described as a big bull s eye on some of america s biggest banks, the fed putting some of america s largest financial institutions on notice that they may have to pay for their handling of the subprime mortgage mess. this is nearly four years after a tidal wave of defaults led to a meltdown of the stock market, a bailout of wall street. if you re not appropriately depressed by now, take a look at all those factors! liz belt mcdonald is with us. that s quite a list, we talk about the effect of the mortgage market on the economy overall but we also, didn t we just get the news on the big settlement with five big banks when it comes to mortgage fraud? so what exactly is this now? that s right, jenna, that was over a robo signing and foreclosure problems,
the banks aren t bad people they are overwhelmed right now. banks are scared to death of course. they are feeling the same thing that you re feeling. you know the bank people. mitt romney campaigning in florida where the primary vote is less than a week away. florida has one of the worst foreclosure problems in the country. bad every where but horrendous in florida. worse than anywhere else. mitt romney was standing in front of a foreclosed home in florida when he made his banks aren t bad people comment yesterday. that is not going to help him on this housing issue. an issue which he really already needs political help. don t try to stop the foreclosure process, let it run
the banks aren t bad people they are overwhelmed right now. banks are scared to death of course. they are feeling the same thing that you re feeling. you know the bank people. mitt romney campaigning in florida where the primary vote is less than a week away. florida has one of the worst foreclosure problems in the country. bad every where but horrendous in florida. worse than anywhere else. mitt romney was standing in front of a foreclosed home in florida when he made his banks aren t bad people comment yesterday. that is not going to help him on this housing issue. an issue which he really already needs political help. don t try to stop the foreclosure process, let it run its course and hit the bottom. president obama in last night s state of the union never said the name mitt romney exactly. but when he said this, everybody knew who he was talking about. responsible homeowners shouldn t have to sit and wait for the housing market to hit
between now and the fall of 2011. we have millions of loans that are in the foreclosure process. the bulk of which will go to a foreclosure or short sale. those homes are sold as a discount. we will see price weakness. particularly in those areas of the country where you have a lot of foreclosure problems. you make a good point. let s look at a map of the country, the major centers where we have seen price gains and drops. you can see there, you can see the gains starting from the top to the places where you have seen the biggest losses, san diego at the top, miami at the bottom. there are places you are seeing some gain. at this point, mark, is the question for you if you are a buyer or a seller, more of a local question than it is more of one having to do with the national economy? sure. absolutely. it really does depend on where you live. even if you are in miami which has a lot of foreclosure problems there are communities