Photo Galleries
10 of the most luxurious airline amenity kits When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More
Special Offer
3 of 7
Dodd's Hope for Homeowners plan
Dodd's Hope for Homeowners plan
In brief: Senate Banking Committee Chairman Christopher Dodd's Hope for Homeowners plan resembles Frank's in that troubled borrowers would be able to refinance into an FHA-insured, fixed-rate loan at 90% of newly appraised home values, or what the borrower can comfortably afford. The government would be compensated with 3% of the new loan amount for taking on the added risk and borrowers would pay annual insurance premiums of up to 1% of loan. Lenders would have to waive all prepayment penalties and late fees.

Borrowers would have to stay in their homes at least a year. After that, the government would receive 90% of any profit made if the home is sold in the second year, 80% in the third and so on until the percentage falls to 60% in year five. After that, the government gets half of any profits.

The argument: The plan would target many at-risk home owners from foreclosure without setting them up for large profits should housing markets begin rising again.

Who supports it The same mix of progressives and free-market groups that have backed the Frank proposal.

Who's against it Like the Frank bill, many of the Dodd plan's provisions are supported by both the political left and right. On Tuesday, one big bone of contention was removed when Senate Democrats agreed to drop a provision that would have allowed judges to reduce mortgage balances of homeowners in bankruptcy.

Taxpayer price tag: It could be self-sustaining, but the government is taking on substantial new risk that could prove expensive should housing markets crash.

NEXT: Administration plan: Put "upside-down" right
Last updated April 01 2008: 6:13 PM ET

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.