Obama Foreclosure Plan Announcement Coming Next Wednesday.

Washington Post story HERE, look for leaks on details in coming days.

Barney Frank announced a foreclosure moratorium HERE from Chase, likely in response to the planned announcement and Franks request to several banks.

Possible inclusions in any plan:

1. A version of FDIC loan modification process adoption as the standard
2. Jazzed up bulk sales and possibly FHA Hope for Homeowners
3. Support for foreclosure bankruptcy legislation.
4. New wrinkles.