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Group 5 consists of 832 conventional, hybrid adjustable-rate mortgage loans secured by first liens on one to four family residential properties, all of which have original terms to maturity of approximately 30 years.
There are approximately 74% adjustable-rate mortgages and 7.
Banks and mortgage companies are now rushing to comply with new accounting guidelines issued by the Federal National Mortgage Association for adjustable-rate mortgages.
Millions Stretched Themselves Financially, Face Painful Adjustment as Payments on Adjustable-Rate Mortgages Reset