The Federal Housing Administration, or FHA, is streamlining the process under which two mortgage giants can modify delinquent loans to give borrowers more favorable terms in hopes of avoiding default.

• 美国联邦住房管理部门决定简化程序，让房利美和房地美这两大房贷融资公司修改违约贷款的条款，给借贷者提供更好的条件，避免房屋被收回。