President Obama is scheduled to give a speech in Phoenix, Arizona today,  which will outline his foreclosure prevention plan.  The plan is estimated to cost 75 billion dollars.  It is expected to help 7-9 million home owners save their homes.  "Responsible home owners" will have access to low cost refinancing.  There will be home loan modifications for struggling home owners.  Fannie Mae and Freddie Mac will have increased funding to make new home loans.  Finally, the "cram down" of home mortgages through bankruptcy, as set forth in Senate Bill 61, is expected to incentivise mortgage companies to work out home loan modifications outside of bankruptcy.  Plan to stem expected 3 million plus foreclosures in 2009.   MORE TO COME .......