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Senate Passes Servicer Safe Harbor 

May 06, 2009By

The Senate voted 91-5 in favor of S 896, the Helping Families Save Their Homes Act of 2009, which includes legal protection for servicers that modify residential mortgages. Five Senate Republicans voted against the housing bill. The safe harbor protects mortgage servicers from lawsuits by investors holding relevant modified mortgage bonds.

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Updated 11 months ago