The second shock wave is that GGP's bankruptcy underlines a pervasive refinancing risk for the industry.

第二个冲击是GGP的破产突出了对这个产业扩大再融资的风险。

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In addition, the bank handling the refinancing may charge higher fees of its own to compensate for the risk that the loan soon defaults and Fannie or Freddie insists it be bought back.

而且，处理再融资的银行可能收取更多的费用，用以补偿贷款再次倒帐的风险。因为两房坚持要求回购抵押品。

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For instance, the risk of refinancing at a high price began to emerge when the stock market index surged past 5000 points.

例如，当股市指数超过5000点的时候，高位再融资的风险开始显现。

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In Australia, the government has shared refinancing risk on projects to allow short-term bank lending in the construction phase.

BBC: Business

Until recently, those bonds didn't face much risk from refinancing or repayment because they were troubled.

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Though the details are somewhat complicated, the plan essentially streamlines the loan modification and refinancing process for borrowers at risk.

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