To tackle a perennial risk, two top home loan companies are pushing an adjustable rate that adjusts in only one direction - down.

The No. 4 home loan servicer, Countrywide Credit Industries Inc. of Calabasas, Calif., said 99% of its eligible loans now carry the option, which it launched this month and calls the eEasy Rate Reduction Plan. The 38th-ranked servicer, the mortgage unit of GreenPoint Financial Corp. of New York, rolled out a similar product this month, the Rate Improvement Mortgage.

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