In March, McCain said, "I will consider any and all proposals based on their cost and benefits." Though he opposes a broad government bailout, he says "government assistance to the banking system should be based solely on preventing systemic risk" to the financial system and the economy. Under his HOME plan, Americans in danger of losing their homes would be eligible for a new 30-year fixed-rate loan backed by the federal government.Favors greater transparency in the lending process so that every borrower understands the exact terms of their mortgage and he favors raising the initial down payment requirement for FHA loans.

Supports creation of a federal fund to help homeowners refinance their mortgages to avoid foreclosure; funding would come from penalties levied on lenders who act irresponsibly. Would strengthen anti-predator lending laws and provide a tax credit equal to ten percent of a family’s mortgage interest payment each year. Would create a five-star rating system to disclose a credit card’s risk level to consumers.