'Enormously costly' business loan fraud drove home price inflation in certain markets, research suggests

📆 27-06-23 00:17:00
📰 CNBC

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Covid-19-era PPP loan fraud may have contributed to home price inflation in certain U.S. markets, research suggests.

from the University of Texas at Austin team flagged $117.3 billion of the funds as "suspicious lending."

However, government aid may have also contributed to that growth, including higher rates of fraudulent PPP loans in certain areas, according to the new research.

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