Implementing CollectionChanged

You have to add a PropertyChanged listener to each item (which must implement INotifyPropertyChanged) to get notification about editing objects in a observable list.

public ObservableCollection<Item> Names { get; set; }
public List<Item> ModifiedItems { get; set; }

public ViewModel()
{
   this.ModifiedItems = new List<Item>();

   this.Names = new ObservableCollection<Item>();
   this.Names.CollectionChanged += this.OnCollectionChanged;
}

void OnCollectionChanged(object sender, NotifyCollectionChangedEventArgs e)
{
    if (e.NewItems != null)
    {
        foreach(Item newItem in e.NewItems)
        {
            ModifiedItems.Add(newItem);

            //Add listener for each item on PropertyChanged event
            newItem.PropertyChanged += this.OnItemPropertyChanged;         
        }
    }

    if (e.OldItems != null)
    {
        foreach(Item oldItem in e.OldItems)
        {
            ModifiedItems.Add(oldItem);

            oldItem.PropertyChanged -= this.OnItemPropertyChanged;
        }
    }
}

void OnItemPropertyChanged(object sender, PropertyChangedEventArgs e)
{
    Item item = sender as Item;
    if(item != null)
       ModifiedItems.Add(item);
}

Maybe you have to check if some item is already in the ModifedItems-List (with List’s method Contains(object obj)) and only add a new item if the result of that method is false.

The class Item must implement INotifyPropertyChanged. See this example to know how. As Robert Rossney said you can also make that with IEditableObject – if you have that requirement.