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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.