Lender attorney Christopher Denardo says given the number of mortgage defaults that banks face, restructuring the loans is advantageous for everyone involved.

VOA: standard.2010.02.17

A mortgage lender doesn't want to lend more than the property is worth because that would mean a loan-to-value ratio over one.

抵押贷款的贷方,借给你的钱不会超过财产本身价值,因此贷款价值比率就会大于1

耶鲁公开课 - 金融市场课程节选

This puts the British Government in an embarrassing situation of owning a failing mortgage lender, so they've got to now be the government collecting on all these mortgages; it's a mess.

承认其银行抵押贷款出现严重问题,着实令英国政府颜面扫地,所以现在不得不由政府出面,收购所有这些抵押贷款,真是一团乱

耶鲁公开课 - 金融市场课程节选

Then if you fail to pay on the mortgage--pay off the debt -the lender can seize the property and sell it.

然而如果你无法偿还贷款,贷方可以没收这项财产并出售

耶鲁公开课 - 金融市场课程节选