CCH white paper details subprime crisisMortgagePress.comCCH, subprime loans, The Subprime Lending Crisis: Causes and Effects of the Mortgage Meltdown, Katalina Bianco
CCH, part of Wolters Kluwer Law & Business, has published a
The Subprime Lending Crisis: Causes and Effects of the Mortgage
Meltdown, by CCH Banking Law Analyst Katalina M. Bianco,
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 sub-prime 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
"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.
For more information, visit www.wolterskluwer.com.