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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 white paper, The Subprime Lending Crisis: Causes and Effects of the Mortgage Meltdown, by CCH Banking Law Analyst Katalina M. Bianco, JD. 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 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. For more information, visit www.wolterskluwer.com.