House Financial Services Committee Chairman Barney Frank offered more details Thursday on his plan for mortgage lending reform.

The Massachusetts Democrat said he plans to toughen underwriting reform from last Congress, with bans on 100% securitization, harsher penalties for offering unaffordable loans, and assigning servicers the task of modifying loans to prevent foreclosure. "We will be passing in April in the House a subprime bill that I believe will be better than the one we passed in 2007," he said in a speech at the National Community Reinvestment Coalition conference.

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