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President Barack Obama signed the economic stimulus bill into law today, saying that is should help the economy on the road to recovery. But, focus in the mortgage industry and housing market is already shifting to tomorrow.

Right now, there are rumors of plans to create a mortgage subsidy plan to help with foreclosure prevention. The plan to be announced tomorrow is expected to have new pressure from the government with regard to mortgage lenders and decreasing payments for mortgage holders. The subsidies would be aimed at lower interest rates.

One of the main problems, though, is that mortgage lenders may not agree to loan modification of some of the borrowers. It will be interesting to see what sort of incentives — and threats — are offered tomorrow as the plan is announced.