WASHINGTON — Disappointed by the industry's poor loan modification efforts, House Financial Services Committee Chairman Barney Frank warned again Wednesday that Congress is likely to pass a bill that would allow judges to rework mortgages during the bankruptcy process.

Bankers have fiercely opposed the bill, and succeeded in helping to beat back efforts to pass the legislation earlier this year. But as the Treasury Department released more data showing what lawmakers saw as a lack of progress on modifications under the administration's Home Affordable Modification Program, Frank said the industry had run out of time to prove why bankruptcy reform was unnecessary.

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