Heather holmes. And im ken wayne. We have information of the victims, they were george chen and cheng yuan hong. Both of them roommates of the suspect. All of them from the university of Santa Barbara. About 200 people attended the service to mourn, sing and pray. The priest said that he had received expressions of sympathy and support from parishes all over the country. Local and federal Law Enforcement officers searched the home of the killers parents today. Agents carried out a box from the fathers home in Woodland Hills but they would not comment about what they found. We have Live Team Coverage now. Ktvus azmith smith is in the south bay where she spoke to friends of those killed. We begin in isle of vista where the community is still in shock, debora villalon. Reporter were on pardor road, its one of the places that were part of the murder spree. Throughout the night, people came to mourn. Reporter at this memorial mass, mourners were asked to find strength by seeing the best in
Captioning sponsored by wpbt this is n. B. R. Tom good evening. Im tom hudson. Susie is off tonight. The nations biggest banks move to put the housing crisis behind them, paying billions of dollars to settle claims of foreclosure abuse. With the fiscal cliff drama over for now, investors look to the markets next hurdle earnings season. Coming up what to expect from Corporate Americas bottom lines. And we kick off a new series, n. B. R. U. , our partnership with some of the nations top universities. Tonight does maximizing shareholder value hurt the economy . That and more tonight on n. B. R. the nations largest banks announced two big settlements today over the housing crisis. 10 of them are settling with federal regulators over allegations they mishandled foreclosures. And in a separate deal, bank of america and governmentowned mortgage giant fannie mae settled the score over trillions of dollars worth of bad home loans. In all, the deals cost the Banking Industry billions of dollars,
To compromise the Capital Position of the bank in any way. Reporter also today, ten major banks, including bank of america settled claims they abused the foreclosure system, seizing defaulted homes without proper paperwork. The banks agreed to fix those abuses two years ago, with a casebycase review of foreclosure practices. But that just wasnt moving fast enough, and proved too costly. Bring in todays deal the banks will pay a total of 8. 5 billion. Three billion of that will go to homeowners hurt by the banks; the rest, five billion to assistance programs like loan refinancing, for homeowners who are struggling. It helps current homeowners and its going to help the marketplace at the margin. You know, the con, if there is one, is the fact that well never, it will make it less likely now that well ever get a full accounting of the foreclosure irregularities that existed. And how widespread were they, what were the types of irregularities and what were the full dollar amounts. Reporter
To compromise the Capital Position of the bank in any way. Reporter also today, ten major banks, including bank of america settled claims they abused the foreclosure system, seizing defaulted homes without proper paperwork. The banks agreed to fix those abuses two years ago, with a casebycase review of foreclosure practices. But that just wasnt moving fast enough, and proved too costly. Bring in todays deal the banks will pay a total of 8. 5 billion. Three billion of that will go to homeowners hurt by the banks; the rest, five billion to assistance programs like loan refinancing, for homeowners who are struggling. It helps current homeowners and its going to help the marketplace at the margin. You know, the con, if there is one, is the fact that well never, it will make it less likely now that well ever get a full accounting of the foreclosure irregularities that existed. And how widespread were they, what were the types of irregularities and what were the full dollar amounts. Reporter
This program is made possible by contributions to your pbs station from viewers like you. Thank you. Captioning sponsored by wpbt tom good evening, everybody, and thanks for watching. The number of americans making new claims for Unemployment Benefits fell for the first time in a month, down by 31,000. But susie, the overall number of claims is still way too high to describe the report as good news. Susie tom, that comes on top of some dismal reports on the state of the housing market, and a day ahead of whats expected to be a major speech by fed chairman ben bernanke in wyoming tomorrow. Everyones looking to the fed chief for answers on the economy, the stalling recovery, and the labor market. Tom we have two reports tonight looking at jobs, and what bernanke can actually do about the economy. We begin with scott gurvey in new york, who spoke with the head of one of the countrys biggest staffing firms. This one is different. It has components of the late 90s and 2001 recoveries. Its j