Mortgage bankers don't like their prospects for getting the Senate to stop legislation establishing a 14-year write-off period for purchased mortgage servicing rights.

Officials say they expect a vote on the package in the Senate Finance Committee by mid-June, giving them--in view of a 10-day recess that ends June 7--precious little time to buttonhole members. Moreover, members of the Senate Finance Committee being lobbied by the industry are focusing on the large items, not such small potatoes as a carve-out for the money that people pay for the right to service mortgage payments.

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