That is largely thanks to the explosion of "second-lien" lending.
这种情况的发生主要归因于“次级优先权”贷款。
2
In the end, a deal was struck which essentially handed more to second-lien lenders than they might otherwise have been entitled to.
在最后，由于第一债权人侵犯第二债权人应得的利益，重组受到很大影响。
3
Of its $95 billion loan book, more than a third is home-equity lines of credit and second-lien mortgages, both much riskier than the typical home loan.