Helping Subprime Borrowers: Too Little? Too Much? (2/2)

The White House says as many as one million two hundred thousand homeowners could receive assistance under the plan. They could be helped in one of three ways, depending on their situation.

One way is by refinancing an existing loan into a new private mortgage. Another is by moving their mortgage into a loan secured by the Federal Housing Administration. And the third way is by freezing their current interest rate for five years.

The plan is only for loans that were started between January of two thousand five and July of this year and that have not reset already. Borrowers must be living in the home and facing a payment increase of ten percent or more. Democrats in Congress say the plan does not do enough to protect homeowners. Yet some critics say it does too much, helping people who borrowed more than they should have.

Not only that, subprime loans were sold to investors worldwide as mortgage-related securities. Some investors could go to court to try to stop the loans from being renegotiated. But with the current troubles in the housing and credit markets, they may have to settle for whatever they can get.

参考译文：

白宫表示，有120万业主可得到此计划3种援助方案中其中一种，这要根据他们的实际情况决定。

方案一是重新募集现有贷款变为新的抵押贷款；方案二是把屋主的抵押贷款移动到联邦住房管理局的名义下；方案三是将他们的初始利率冻结5年。

该计划适用于2005年1月至2007年7月发放、并且利率尚未进行调整的贷款。贷款者必须在此房屋居住并且面临增加10％或更多的还款。国会的民主党人表示此计划不足以保护屋主。而一些评论家却认为，对于那些借的款项超出借贷范围的人来说，此计划让他们受益良多。

除此之外，次级贷款被兜售给世界各国的投资者作为相关抵押品。一些投资者可到法院阻止贷款被重新商议出售。但是就从目前住房和信贷市场的问题来看，他们或许需要解决他们面临的一切问题。