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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.

Group II Mortgage Loans consists of fixed-rate and adjustable-rate mortgage loans with a cut-off principal balance of $606,619,756 that may or may not conform to Fannie Mae and Freddie Mac loan limits.

There are approximately 78% adjustable-rate mortgages and 2.

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

In terms of loan preferences, The Manhattan Mortgage Company survey reported that 37 percent of coop /condominium borrowers chose 30-year fixed rate mortgages in August, while one-year adjustable-rate mortgages accounted for 29 percent of the marketplace.