In Mesa, Arizona, Wednesday, the President presented the Homeowner Affordability and Stability plan, a multi-pronged effort to support the housing market. The story made the front page of nearly every newspaper in the country . The president’s plan is sweeping: Incent mortgage servicers to work with at-risk homeowners before delinquency starts Let homeowners with good credit but little equity refinance to today’s low rates Fund Fannie Mae and Freddie Mac to support mortgage markets It’s a broad plan with many positive angles, but for now, we can’t forget that it’s just a plan .