The response streaming in from leaders and regulators across the banking and mortgage industries is overwhelmingly positive for President Obama’s Homeowner Affordability and Stability Plan unveiled on Wednesday.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 13, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 45.

Loan Resolution Corporation, a pre-foreclosure asset management company based in Scottsdale, Arizona, announced yesterday that Robert Jones has joined the company as VP. In his new position, Jones will be responsible for increasing the overall effectiveness of Loan Resolution Corporation through process improvements and policy implementation, the company explained.

Denver-based LenderLive Network Inc., a company that provides business process outsourcing and technology to the financial industry, announced the expansion of its quality control services to support increased demand from clients for Federal Housing Administration (FHA) loans.

Morris Hardwick Schneider (MHS), a real estate closing law firm in based in Atlanta, Georgia, recently announced that five attorneys have been named partner: Michael Pierce, Fred Boynton, Dean Talaganis, and Howard Delashmit have been promoted to partner, while Shell Rutledge has joined the firm as partner.

Wingspan Portfolio Advisors, LLC, a Dallas-based mortgage servicer specializing in highly delinquent loans, has announced a new division focused on helping defaulted borrowers avoid foreclosure. Called Foreclosure Resolutions, the division leverages Wingspan Portfolio Advisors’ specialized capabilities as problem loan servicers to deal with lenders and their loan servicers on behalf of borrowers and negotiate arrangements that allow people to keep their homes, the company explained.

The U.S. Department of the Treasury released its first monthly bank lending survey on Tuesday, showing that despite the negative effects of the economic downturn and unprecedented financial crisis, the top 20 banks receiving government funding have continued to originate, refinance, and renew loans.

Kroll Factual Data and MIAC Analytics have announced an alliance to provide whole loan collateral risk assessment to mortgage investors and risk managers. Colorado-based Kroll Factual Data is a provider of business information solutions to mortgage lenders, consumer lenders, property management firms, and other financial organizations.

President Barack Obama unveiled the administration’s Homeowner Affordability and Stability Plan in Phoenix, Arizona, on Wednesday. The multi-pronged plan now includes $75 billion in government funding, rather than the original $50 billion price tag suggested by officials earlier this week, and will subsidize rates and help protect servicers against falling home prices.

President Barack Obama signed the administration’s sweeping stimulus package into law on Tuesday. It now carries a $787 billion price tag, and is a mix of government spending and tax cuts. The White House estimates the package will save or create 3.