A record $734.91 billion of adjustable rate mortgages were securitized during the first nine months of 2005, most of it in the non-agency MBS market, according to a new analysis and ranking by Inside MBS & ABS. Total ARM securitization through the end of September topped the full-year record volume of $721.89 billion set in 2004. Production reached $285.53 billion during the third quarter – the biggest three-month period on record for ARM securitization volume.… [Two data tables included]