PHOENIX -- President Barack Obama was given a happy greeting at a Valley high school before he gave a speech on the nation's housing market.
Students at Desert Vista High School in Phoenix sang "Happy Birthday" to the president, who turned 52 on Sunday.
Obama is proposing to overhaul the nation's mortgage finance system, including shutting down government-backed Fannie Mae and Freddie Mac- a plan with bipartisan support on Capitol Hill.
Obama will also insist that popular 30-year mortgages be widely available to borrowers, even in a system that would rely more on the private sector than the government to guarantee loans.
The president was to outline his proposals Tuesday in Phoenix, once the epicenter of the housing crisis following the 2008 economic collapse. The housing market in the region, as in much of the country, has rebounded in recent months, buoyed in part by low interest rates.
Arriving midday in Phoenix, Obama spent time on the tarmac chatting with Arizona Gov. Jan Brewer before greeting Phoenix's mayor and other officials. Unlike last year, there was no finger-wagging from the Republican governor, who made international headlines with the gesture during Obama's stop here last year.
The Associated Press contributed to this report.
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