The housing fix as envisioned by Baucus and Grassley

Sens. Max Baucus (D-Mont.) and Chuck Grassley (R-Iowa) today put forth their bipartisan proposal for a housing rescue.

There may not be something for everyone but they're certainly offering up help for the main constituencies: homeowners, home buyers, and builders.

The Baucus/Grassley proposals are expected to be part of a broader housing-rescue plan to be drafted in the Senate.

Read the specifics from Baucus and Grassley here, though keep in mind we have a long way to go before any legislation gets through Congress and reaches the White House.