Led by Fannie Mae and Freddie Mac, a collection of major banks including Bank of America, JP Morgan Chase, Citigroup, Wells Fargo, and Morgan Stanley, have all announced that they will halt foreclosure proceedings temporarily while they await news of Obama's $50B plan to permanently ease the foreclosure problem.  Bloomberg reports in Banks to halt foreclosures for 3 weeks:

Citigroup halted foreclosures through March 12, or when a plan is completed, the company said today in a statement. Wells Fargo said its moratorium was in place until a plan is announced. The other lenders said foreclosures will be halted on owner- occupied homes until March 6.

We should get news on Obama's plan by February 18th:

President Barack Obama will give details on his housing proposals next week during a two-day trip to Denver and Phoenix to talk about the next steps in his strategy to revive the U.S. economy, White House press secretary Robert Gibbs said today. The housing speech is scheduled Feb. 18, he said.

Let's hope we hear a good plan....