Published:
CCH White Paper Details Subprime Crisis, Wider Effects
RIVERWOODS, Ill., May 8 /PRNewswire/ -- CCH, part of Wolters Kluwer Law &
Business, has published a white paper,
http://business.cch.com/bankingfinance/focus/news/Subprime_WP_rev.pdf
The Subprime Lending Crisis: Causes and Effects of the Mortgage Meltdown, by
CCH Banking Law Analyst Katalina M. Bianco, JD. Wolters Kluwer Law & Business
is a leading provider of research information and software solutions in key
specialty areas for legal and business professionals.
In the white paper, Bianco traces the current situation from its origins,
showing how historically low interest rates, low risk premiums, risky mortgage
products, lax lending standards, securitization and a number of other factors
all contributed to the collapse of the subprime mortgage industry, and how
that collapse in turn impacted stock markets and other industries, with a
continuing fall in home prices hitting hard even at prime borrowers.
"As recently as mid-2007, many experts believed that the crisis would be
contained within the area of mortgage issuers who had overloaded on subprime
loans," Bianco observes. "Instead, the crisis has impacted a wide range of
financial institutions, businesses, creditors, borrowers and government
agencies."
Katalina M. Bianco, JD, is a banking law analyst for CCH. Bianco
contributes to the CCH Federal Banking Law Reporter, CCH Mortgage Compliance
Guide and Bank Digest.
Members of the press interested in speaking with Katalina Bianco should
contact: Leslie Bonacum at 847-267-7153, mediahelp@cch.com; or Neil Allen at
847-267-2179, neil.allen@wolterskluwer.com.
About Wolters Kluwer Law & Business
Wolters Kluwer Law & Business is a leading provider of research products
and software solutions in key specialty areas for legal and business
professionals, as well as casebooks and study aids for law students. Its major
product lines include Aspen Publishers, CCH, Kluwer Law International and
Loislaw. Its markets include law firms, law schools, corporate counsel and
professionals requiring legal and compliance information. Wolters Kluwer Law &
Business, a unit of Wolters Kluwer, is based inNew York City andRiverwoods,
Ill.
Wolters Kluwer is a leading global information services and publishing
company. The company provides products and services globally for professionals
in the health, tax, accounting, corporate, financial services, legal and
regulatory sectors. Wolters Kluwer has annual revenues (2007) of Euro 3.4
billion ($4.8 billion), maintains operations in over 33 countries across
Europe,North America andAsia Pacific and employs approximately 19,544 people
worldwide. Wolters Kluwer is headquartered inAmsterdam, the Netherlands. For
more information, visit http://www.wolterskluwer.com.
SOURCE CCH, a Wolters Kluwer business
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