WASHINGTON — Moved to action after a two-week recess and hearing the complaints of constituents, members of Congress are now preparing legislation to offer help to troubled homeowners facing foreclosure. A bipartisan effort, finds Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) agreeing on aspects of a broad package of legislation, the Foreclosure Prevention Act of 2008.

Various draft bills, including House Financial Services Committee Chairman Barney Frank’s, (D-Mass.) and a similar plan offered in the Senate by Sen. Chris Dodd, (D-Conn.) along with provisions offered by Reid and Sen. Dick Durban (D-Ill.) may be combined in some form and agreed upon by both parties and come to the floor as early as this afternoon.

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