WASHINGTON — 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 authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.