We have a customer with a 5/1 ARM who put in a request to refinance right when the rates dropped. We want to keep her in the same product, no new money, just lower the interest rate. As I said, she had/has a 5/1 ARM that adjusted once prior to this request. Are we still able to modify this loan and keep at 5/1 status and fix her payments for another 5 years? Does the fact the loan adjusted once even play into the scenario?