Page 18 - Loan Modification News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sandra endo reports, there are a few reasons to be optimistic. >> reporter: this is what nancy loguen is fighting for, a big backyard and a room to read in with her daughter, carly. the place in northern virginia they've called home for 12 years. >> i owe more on the house than it's worth so that's my situation. it's kind of scary and stressful to have the financial pressure. >> reporter: logan found out her job is being eliminated and mortgage is going up $1,000 a month in january after her loan modification terms expire. three years ago she had to be inventive just to get her lender to hear ...

i get carlos santana, morgan freeman, ernie banks in the same room and try to get them to stop selling themselves short. documenting a terrorist takedown. those s.e.a.l.s who went in after osama bin laden had high-tech cameras. we have new details for you. welcome to this "cnn sunday morning." i'm t.j. holmes. as always a special good morning to our military men and women watching us on the armed forces network. thank you for being here and thank you for what you do. we need to start with what's happening in louisiana, an intentional flooding that's taking place. look at this here,...

Underwater homeowners are telling us now. >> this is what nancy logan is fighting for. a big backyard and a room to read in with her daughter. the place in nourj virginia they have called home for 12 years. >> i owe more on the house than it's worth, so that's my situation right now. kind of scary, kind of stressful to have that financial pressure. >> logan just found out her job is being eliminated and her mortgage is going up $1,000 a month in january after her loan modification terms expire. three years ago, she had to be inventive just to get her lender to hear her out. >> i actually sent ...

a re-sounding success. watch or dvr inside the mission, getting bin laden tonight, 8:00 eastern time. topping our news at this hour, louisiana's morganza spillway is opening. it's expecting to begin burdening the waters away from new orleans and baton rouge. while many homes will be protected, the homes and farms of 2500 people will be expected to be flooded. >> an arrest warrant may be issued for moammar gadhafi. an international close to the courts cells cnn to expect a formal announcement on monday. it's the first time the icc has investigated alleged crimes against humanity. ...

Foreclosure. has there been a rush to foreclose in your view? >> i think there has been a rush to foreclose. i think the thing that most made me upset is that you had people that qualified for a loan modification that were denied and went into foreclosure. >> reporter: lost their homes? >> lost the homes. >> even though they deserved modification. >> even though they did. >> reporter: why would a banker servicer do that? >> it comes down to dollars and cents. >> reporter: he say it is bottom line when you count the fees and expenses, servicers make more money foreclosing than modifying a loan....