Press Release

MINNEAPOLIS – June 28, 2007 – In response to the growing number of retirees and aging baby boomers taking advantage of reverse mortgages, Wolters Kluwer Financial Services is equipping lenders with a new line of electronic documents they can use to help comply with regulatory requirements tied to Home Equity Conversion Mortgages (HECMs). A HECM, the most common form of reverse mortgage in the United States, allows borrowers age 62 or older to convert the equity they have in their homes into income through a lump sum, monthly payments or a line of credit offered to them by lenders.

Wolters Kluwer Financial Services line of electronic upfront disclosures and closing documents for HECMs allows lenders doing business in the top 10 states underwriting HECMs to create compliant document packages—including those doing business in California, Florida, Texas, New York, Michigan, New Jersey, Colorado, Illinois, Massachusetts and Pennsylvania. The company plans to expand its HECM document line to other states based upon lender demand.

The number of HECMs is rising dramatically. In 2006, nearly 76,351 HECMs were insured by the Federal Housing Administration compared to 43,131 in 2005, according to the Reverse Mortgage Lenders Association.

“It is clear that more and more borrowers and lenders are coming to realize the benefits of reverse mortgages,” said John Bryant, executive vice president of Banking at Wolters Kluwer Financial Services. “Borrowers are typically retirees and aging baby boomers who are looking to augment their income and remain in their own home as long as possible. Lenders understand reverse mortgages can help drive volume and profits while providing them with an opportunity to cross-sell other products and services.”

Wolters Kluwer Financial Services line of electronic documents supporting HECMs are built upon the decades of experience and knowledge behind the company’s VMP Mortgage Solutions product line. Lenders, loan origination system providers and government agencies have trusted the VMP brand name for compliance documentation, technology solutions and services for more than 36 years.

For more information on Wolters Kluwer Financial Services electronic HECM documents, please visit www.wolterskluwerfs.com/reverse.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com .

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2006) of €3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.