Not everyone is joining in the jibes at Congress for starting its Republican convention recess without completing work on a tax bill. Owners and potential owners of purchased mortgage servicing rights are perfectly happy that action is delayed on a provision that would set.what they believe is an artificially long amortization period for the costs of acquiring PMSRs. This permits more time to garner support for an amendment to be offered by Sen. Paul Simon, D-Ill.

Simon's amendment would strike at the core of the provision, which is not PMSRs, but goodwill.

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