i saw it a few hours ago with a gentleman who had a va loan. the va guarantees those loans. ti mortgage is the lender who has absolutely refused to work with this gentleman, even though va guidelines mandated that before va will pay for a defaulted loan -- >> work it out early as far as let it go -- i don't understand why the banks wouldn't be working very, very hard to make sure this doesn't happen so they're getting paid for a loan, they don't have independent houses, guys knocking on the door to make sure someone is there. >> the explanation is very simple, actually. the servicer, the citi mortgages, the wells fargos, those guys don't own these loans. they're owned by investors. the servicers merely act in a self- -- with their own self-interest in mind. a recent article came out written by the national law center, the national consumer law center that basically concluded that morning companies, mortgage servicers make more money foreclosing on a home than they do modify ago mortgage. anyways the problem. >> all right. i want to bring in a real estate professor at columbia

i love the fact that quicken loans provides va loans. icken loans understood all the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. >>> well, oprah winfrey says she's one proud mama today. the first class of students are graduating from her leadership academy. abc's bazi kanani is there. >> reporter: great music and lots of spils here. it's finally graduation day. five years after the students first arrived, and the promise of all parents here is the school's founder. the girls call her mom oprah. ♪ dancing, on a day about dreams. >> i have been on a mission my whole life, to give back what has been given to me. today, i get to see the fulfillment of that mission. [ applause ] >> reporter: oprah winfrey knows each of these girls by name. she called them her daughters. >> i have never been more proud to know -- to grow -- and to call myself mom oprah to you girls. [ applause ] >> reporter: her gift to them was a world class education at her $40 million boarding

i love the fact that quicken loans provides va loans. derstood all the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. i know wherever the military sends me, when bp made a commitment to the gulf, we knew it would take time, but we were determined to see it through. today, while our work continues, i want to update you on the progress: bp has set aside 20 billion dollars to fund economic and environmental recovery. we're paying for all spill- related clean-up costs. and we've established a 500 million dollar fund so independent scientists can study the gulf's wildlife and environment for ten years. thousands of environmental samples from across the gulf have been analyzed by independent labs under the direction of the us coast guard. i'm glad to report all beaches and waters are open for everyone to enjoy. and the economy is showing progress with many areas on the gulf coast having their best tourism seasons in years. i was born here, i'm still here and so is b

i love the fact that quicken loans provides va loans. n loans understood all the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. you walk into a conventional mattress store, it's really not about you. they say, "well, if you want a firm bed you can lie on one of those, if you want a soft bed you can lie on one of those." we provide the exact individualization that your body needs. welcome to the sleep number year-end closeout event. not just ordinary beds on sale, but the bed that can change your life on sale. the sleep number bed. it calibrates precisely to your body and your comfort zone. now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh yeah. it's really shaping to my body. it's the final days to save up to $800 on selected 2011 bed sets. plus, free standard shipping on all beds. you can adjust it however you want so you don't have to worry about buying the wrong mattress. once they

i love the fact that quicken loans provides va loans. ll the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. has focused on making the best-tasting... sour cream for over four generations. it's made with farm-fresh cream that's 100% natural. no preservatives. and no added hormones. ♪ do-do a dollop of daisy when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a

i love the fact that quicken loans provides va loans. ken loans understood all the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. forty years ago, he wasn't looking for financial advice. back then he had something more important to do. he wasn't focused on his future. but fortunately, somebody else was. at usaa we provide retirement planning for our military, veterans and their families. now more than ever, it's important to get financial advice from people who share your military values. for our free usaa retirement guide, call 877-242-usaa. >>> well, oprah winfrey says she's one proud mama today. the first class of students are graduating from her leadership academy. abc's bazi kanani is there. bazi? >> reporter: dan, bianna, some great music and bright smiles here at the oprah leadership academy. it's finally graduation day. five years after the students first arrived. and the proudest of all the parents here? the school's founder. the girls call her mom op

i love the fact that quicken loans provides va loans. icken loans understood all the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. >>> "today's daily dose" is brought to you by chex cereal, simply nutritious. >> this morning on requesting today's daily dose" curious medicine, from a crease on your earlobes to a line down your nails some unusual health symptoms may be a sign of something potentially more serious. nbc's chief medical editor dr. nancy snyderman is here with more. nancy good morning. let's get to them. first curious system is hair loss p not so curious because a lot of us go through it especially as we age. when is there cause for concern? >> it's called alopecia. most of us lose a couple hundred a day. after you get pregnant, after certain kinds of treatment. you can lose more hair and the things we're talking about today are the sort of medical oddities, but if a woman starts losing a lot of hair and perhaps has other symptoms like a heart raci

i love the fact that quicken loans provides va loans. loans understood all the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. captioning funded by cbs, and ford-- built for the road ahead. captioned by media access group at wgbh access.wgbh.org

. ♪ i love the fact that quicken loans provides va loans. icken loans understood all the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. from centrum. it puts you in the center of everything that's good for you. its unique self-assessment tool helps identify the multivitamin and supplement combination that's right for you and your lifestyle. so visit new nutritionpossible.com and take your personal assessment today. better nutrition is within reach. centrum. nutrition possible. and these are the ones you'll love on a school night. pillsbury ham and cheese crescents. with just a few ingredients, you have an easy dinner. pillsbury ham and cheese crescents. school night ideas made easy. [ male announcer ] why do we grow quaker oats? because there are mountains to climb. ♪ dreams to be realized. ♪ new worlds to be explored and hearts to be won. quaker oats. energy to get you going, fiber to help fill you up and help keep your heart healthy. super people eat super grain

i love the fact that quicken loans provides va loans. loans understood all the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. [ gargling ] oo-ay-ow. savings. savings. savings? progressive was the first to offer online quoting. you can do better. first to show comparison rates. ding! the "name your price" tool. oh! gosh, don't mind if i do. who was the first to offer pet injury coverage? we were. and when did you know you wanted to sell insurance? i said i wouldn't cry. um... whee! it's flo time. now, that's progressive. call or click today. >>> with the last few minutes the last question to those four presidential candidates before the florida primary on tuesday in this debate format. here's the question. it involves the president of the united states. i want you to tell voters who are watching or are here on this campus right now why you are the one person on this stage who is most likely to beat barack obama. congressman? >> we have good evidence athat i wil

jiwh ♪ j t♪ i love the fact that quicken loans provides va loans. all the details and guided me through every step of the process. i know wherever the military sends me, i can depend on quicken loans. you take those little steps of prevention. so if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it -- with prevacid 24hr. frequent heartburn sufferers can't control acid from rising up and causing pain, but with one pill prevacid 24hr works at the source to prevent the acid that causes frequent heartburn for 24 hours. go online for a 5 dollar coupon. prevent acid for 24 hours, with prevacid 24hr. go online for a 5 dollar coupon. and, just like toddlers, puppies need food made for them. that's why there's purina puppy chow... with all the essential nutrients your growing puppy needs. purina puppy chow. are hidden in the contours of your teeth & tongue. introducing a breakthrough for aquafresh. new extreme clean pure breath action. its micro active foam penetrates those hard to re

below your means and spend less than are making and, unless are going to qualify forth an fha or va loan your bank account. start saving. >> clayton: how do you qualify for an fha loan? >> you know, it is -- it actually depends, every state is different but, in general, generally speaking i would say that people actually need to focus more on the 20% down and start saving towards that because so many americans don't save and that is a main recommendation i give and in addition, i would actually advise that you visit your local bank and start establishing a relationship with the loan officer in that bank. i don't necessarily think you should apply for a mortgage at that point in time. unless you are really ready, because they do have to pull your credit report and that can impact your credit score but ask the bank to give an overall picture of what they will look for financially so you don't have any surprises later. >> clayton: one thing you mentioned, is go on-line, i think. it is interesting, my father is a realtor and he'll say most people go on-line first before they come to me and u

loans. >> what are built this country afterworld war 2? no down payment mortgages from the va that were full underwriting that people could determine what they could afford. we have to go back to basic underwriting. these mortgages were structured to fail. interest only and negative. a home ownership deception scheme. you have to go back to the basics. >> thousands waited long hours over several days armed with bank statements, income tax returns and hope. >> everyone here has a story. many are victims of predatory lending and lost a job or others are facing foreclosure. the one thing they have in common and is they all want to pay to stay in their homes. after her mortgage payments doubled to $1200, she came hoping to negotiate a 30-year fixed 3.75 rate, the average modified mortgage here. >> a lot of pressure and stress out. it's just i can't sleep. >> marx's army of workers from the neighborhood assistance corporation of america processed the paperwork, sending completed packages electronically to 500 lenders less than 50 feet away. >> for they are paying a $2,000 mortgage