In the Dec. 9 issue, an article about underwriting changes at Freddie Mac was cut off in midsentence. The article should have ended: "Fannie Mae continues to allow borrowers to cash out and refinance into ARMs with a loan-to-value ratio of 75%."

An article Monday on Community Bank System Inc. overstated the premium it will pay for 15 Chase Manhattan branches and misstated terms for the purchase of some assets. Community will pay an 8.25% premium for the deposits and will buy $25 million to $30 million in loans at book value.

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