Zandi Sees Foreclosure Errors Lengthening Housing Crisis: Video
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Zandi Sees Foreclosure Errors Lengthening Housing Crisis: Video

Oct. 4 (Bloomberg) -- Mark Zandi, chief economist at Moody's Analytics Inc., talks about the impact of bank foreclosure errors on the housing market. Bank of America Corp. delayed foreclosures after a federal regulator called for a review because lenders may have submitted defective documents when repossessing homes. Court documents showed JPMorgan Chase & Co. and Ally Financial Inc. employees may have submitted affidavits without confirming their accuracy. Zandi talks with Erik Schatzker on Bloomberg Television's "InsideTrack." (This is an excerpt of the full interview. (Source: Bloomberg) (Bloomberg)

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