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WASHINGTON — The Senate was scheduled Friday afternoon to resume consideration and possibly vote on a measure that would provide relief to those affected by the subprime crisis in part by expanding the availability of government-insured mortgages.

The bill would create an affordable housing fund, paid for by Fannie Mae and Freddie Mac. The fund would provide $500 million for foreclosure rescues in the first year. The measure also tightens regulations of Fannie and Freddie, the main purchasers of mortgages from credit unions. It creates a new regulatory entity, the Federal Housing Finance Agency.

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