They Voted For You: Mortgage Crisis

U.S. Reps. Alan Mollohan, D-1st; Shelley Moore Capito, R-2nd; and Nick Rahall, D-3rd, all helped the House pass the "Foreclosure Prevention Act of 2008."

Capito was among just 45 Republicans to support the bill in the 272-152 vote, which The Associated Press reports came just hours after President Bush dropped his opposition to the measure. It is expected to pass the Senate.

"The White House swallowed its distaste for $3.9 billion in grants for devastated neighborhoods," the article said. "In return, the administration got both the power to throw Fannie Mae and Freddie Mac a lifeline and the legislation Republicans long have advocated to rein in the government-sponsored mortgage companies."

A separate AP story reports that "Cash-strapped homebuyers and borrowers facing foreclosure will get some relief" from Wednesday's bill, but that it "won't solve the deep-rooted ills of the U.S. housing market. The bill was widely praised by real estate industry groups but doubts remain about how much real-world impact it will have for consumers."