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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Canada News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines