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WASHINGTON — Hours after President Bush dropped his veto threat, the House on Wednesday passed a measure to help homeowners hurt by the subprime crisis and make funds available to shore up Fannie Mae and Freddie Mac, if necessary.

The bill, which passed 272-152, 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 would also create a new regulatory entity, the Federal Housing Finance Agency.

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