to help millions of homeowners hurt by the housing collapse. good afternoon, i m grace lee. hi, everybody. i m frank mallicoat. 49 states agreed to the deal with the nation s biggest mortgage lenders and the number is big, $25 billion. that s right. it is a result of foreclosure abuses that took place after the housing bubble burst. anne makovec tells us what that means for millions of people struggling to cope their homes. anne. reporter: grace, the deal is mainly for homeowners under water right now. but it will offer some help to people who have already had their homes foreclosed. of that $25 billion involved in the deal, looks like more than up to $18 billion, more than half, is coming here to california. the settlement forces the nation s biggest banks to offer help to struggling homeowners part of a government move to hold banks accountable for abuses that fueled the collapse of the housing market. five banks agreed to a deal worth at least $25 billion. americ
near the overpass. the gunman ordered the couple to hand over their belongings. police say there wasn t a struggle and the couple didn t resist, but somehow in the process the husband was shot twice. paramedics rushed him to the hospital where he remains in critical condition. his wife was not hurt. hayward police say the armed robbers covered their faces during the robbery. so detectives only have vague descriptions of the men. detectives are still looking for the young men of average height between 5 7 and 5 9 with a thin to medium build. the robbers were last seen wearing white t-shirts and dark colored pants. the shooting took place about half a block away from the south hayward bart station. it did not take place on bart property. but the couple had just gotten off of a bart train. we re live in hayward this morning, jade hernandez, ktvu channel 2 news. time is now 5:01. a man is in grave condition after being shot overnight in west oakland. it happened here around 1
coroner s office. he worked for the union for the last 17 years. today colleagues tell kron 4 that he was a wonderful man who will be terribly messed. 20 years in the military. he was active in his church and man of great faith. he believed in giving back to the community. he mentored children placboy is, also followed up with them to make sure they were in school. he was committed to his family and proud of his three children. they ll graduated from college. his daughter is a doctor. his son a think is working on his master s degree or completed its and counseling. he taught his children at an early age that was important to give back. his kids were her pride and joy and his daughter recently had his first grandchild. he bought back to texas at christmas and he was so excited to meet her and be with her. coming up on kron 4 news, at 5:00 we will have more on bingham s death and more on the investigation. a search is under way for enter linda high school teacher 53 year-
cities. anne makovec joins us with more. reporter: good morning. about a dozen local mayors are headed to sacramento today to meet with jerry brown face to face. they are upset over what they call another state grab at local funds. governor brown s current plan is to shut down about 400 local redevelopment agencies. the same agencies cities and counties have been counting on to help spur growth, which leads to more taxes they can collect. the state is also considering shifting billions of dollars in costs to counties everything from the monitoring of parolees to welfare. now, chuck reed says cities like his are already so far in the hole, they don t know how they could afford it. budget news is worse every day, more bad news it seems when it comes to budgeting in california. first they try to take money and we have our own problems with revenues and now we have pension costs going up again. reporter: he says this plan is actually illegal under prop 22 which voters just
anne makovec joins us with more. she is at san jose city hall. reporter: good morning. reporter: they are accusing the mayors of passing the buck basically by taking the buck. mayor chuck reed as well as san francisco may ed lee and oakland mayor jean quan and several others from around the state all headed to sacramento to confront jerry brown on what they say is another attempt at the state to grab at local funds. governor brown s current plan is to shut down about 400 local redevelopment agencies. the same agencies cities and counties have been counting on to help spur growth, which leads to more taxes they can collect. the state is also considering shifting billions of dollars in costs to counties everything from the monitoring of parolees to welfare. now, chuck reed says cities like his are already so far in the hole, they don t know how they could afford it. budget news is worse every day, more bad news it seems when it comes to budgeting in california. first they