It was one of the first serious legislative setbacks for the White House, but it wasn't something that officials had fought for in public, leaving that to Democrats in the Senate.
In the end, Durbin and Schumer couldn't even muster a majority, as the plan lost on a 51-45 vote.
The defeat does not end efforts on home foreclosure, as a bill will soon be in the hands of congressional negotiators on that very subject.
The provision might not be completely dead, since there was a watered down version that made it through the House.
But with backers unable to even claim a majority in the Senate, the cramdown idea seems unlikely to be expanded in a House-Senate conference committee.
That definitely isn't exactly what the White House had envisioned, a reminder of how difficult it is to take on a major industry, which has its own cadre of supporters and lobbyists.