Oct. 11 (Bloomberg) -- Mark Zandi, co-founder and chief economist of Moody's Economy.com, talks with Bloomberg's Matt Miller from West Chester, Pennsylvania, about the rise in U.S. home foreclosures in September, outlook for the mortgage market and the impact of the housing downturn on consumer spending. U.S. foreclosure filings doubled last month to 223,538 from a year earlier as subprime borrowers struggled to make payments on their adjustable-rate mortgages, RealtyTrac Inc. said. The national foreclosure rate was one for every 557 households. (Source: Bloomberg)

00:00 Outlook for foreclosures, credit market woes
01:22 "Broad-based" mortgage market troubles
02:39 Foreclosures facing investors vs. homeowners
03:20 Outlook for mortgage availability, rates
04:15 Impact of housing downturn on consumption
04:45 Housing market turnaround "not until" 2009

Running time 04:59

Last Updated: October 11, 2007 08:35 EDT