Many lenders are likely to report significant drains on their mortgage servicing portfolios for the fourth quarter of 1995 and part of this year's first quarter, according to Doug Duncan, senior economist for the Mortgage Bankers Association of America.

Speaking at a mortgage conference here sponsored by Meridian Capital Markets Inc., Mr. Duncan said about 14% of the 236 companies that responded to a recent MBA survey said they had concentrations of adjustable-rate mortgages of 30% or more in their portfolios and an average of 63%.

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