A recently introduced bill aimed at reforming the mortgage industry and is the subject of a House Financial Services Committee hearing today will likely face stiff opposition from mortgage lenders, Wall Street firms and other interest groups, Bankruptcy Law360 reported yesterday. H.R. 3915, the “Mortgage Reform and Anti-Predatory Lending Act of 2007,” was introduced by House Financial Services Committee Chair Barney Frank (D-Mass.) in an effort to repair the faltering mortgage industry in the wake of the recent mortgage market downturn. The bill would significantly change the way mortgage originators do business by requiring them to be licensed and enacting a minimum standard for consumers to meet before they can be issued loans. Lenders will also be prohibited from pushing consumers toward mortgages that are not in their best interests.