可是“两房”通过传统的担保业务及购买抵押贷款支持的证券扩大了它们的高风险贷款敞口。

Yet both companies expanded their exposure to riskier loans, both through their traditional guarantee business and through the purchase of mortgage-backed securities.

youdao

过去，抵押贷款机构通常是传统的地方信用社，它们持有抵押贷款，直至贷款期满。

Mortgage lenders were no longer the traditional local savings and loan associations, planning to hold the mortgage loans that they originated until maturity.

youdao

从传统上看，贷款抵押是银行的最大资产，也最不算是流动资产了。

Traditionally mortgages are a bank's largest wealth and also the least liquid.

youdao

So Savings and Loans, traditionally, have made most of their loans in the form of home mortgages.

所以传统的储贷协会,所发放的贷款多为购房抵押贷款

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