Mark Zandi's article, "Boston Fed's Study Was Deeply Flawed" (American Banker, Aug. 19), criticizing the Boston Fed's examination of racial patterns in mortgage lending in the Boston area, combined erroneous statements and analysis to reach an unsupportable conclusion.

That Mr. Zandi made such errors is surprising as Boston Fed researchers spent considerable time going over the study with him in his role as a consultant to a lender that participated in the study.

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