Great Western Financial Corp. hopes that mortgage borrowers will want to take a ride on a "Lama."

No, not the ill-tempered South American beast renowned for spitting, but rather one of its new Lama loans, linked to the London interbank offered rate. The new loans, called Lamas because they are adjustable-rate mortgages linked to the Libor annual monthly average, are designed to have a stable rate while being attractive to domestic and international investors.

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