'I hope the private sector will come in,' he said, but noted that there is currently a reluctance to buy mortgage securities because of the uncertainty around rights as a first-lien holder.

他说，我预计私营部门将会进场，但他指出，由于第一留置权人权利不明，目前投资者有些不愿意购买抵押贷款证券。

Even so, the plan appears to treat second-lienholders better than investors in the main mortgage, because the formerare not required to cut principal when first-lien balances drop.

即便如此，这向计划显现的对抵押贷款持有者的待遇要好于拥有主要按揭贷款的投资者，因为当优先抵押差额减少时，前者不需要削减本金。

"Security" means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect.

“担保”是指任何按揭、押记、质押、留置权或其它保障任何人的任何义务的担保权益或任何种类的协议或具有类似效果的安排。