The Obama administration is expected to announce details this week on a supplement to its foreclosure prevention plan designed to address the problem of second mortgages, sources said.

Investors holding securitized first mortgages have argued that the administration's plan to modify borrowers' home loans by reducing monthly payments on first mortgages is ineffective and unfair because it does not change the terms on existing second mortgages.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.