Since the price for such permission would almost certainly have been equal treatment of both classes, the first-lien lot walked away, leaving the company with no money.

因为这个允许的代价肯定会对双方造成相同的损害，很多有资产第一处置权的债权人干脆撒手不管。

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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。

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'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。

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If successful, Husky will be the first issuer to have a first-lien repricing since Gibson Energy in May.

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Based on current market conditions, OFS expects first-lien loans will have interest rates ranging from 4.75-8% over LIBOR.

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Borrowers are only allowed to have their loans modified once, and the program only applies to first-lien loans made Jan. 1, 2009, or earlier.

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