UNIONDALE, N.Y. - With fixed-rate loans rapidly taking market share from adjustables, BankAmerica Mortgage is taking some aggressive marketing steps to stimulate originations of adjustables.

The company is offering, for a limited time, loans with a 5% down payment, no points, and reduced closing costs. Loan amounts up to $1 million are available, as are co-op and condo loans, and conversion to a fixed rate.

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