What are the long-term consequences on the housing market and victims of this crime?

After reviewing the information on mortgage fraud, explain “inflate and crash” as documented in the textbook.What are the long-term consequences on the housing market and victims of this crime?Cite one real-life example.
Resources: Payne, B. K.(2016). White-collar crime: The essentials. SagePublications.CBS Evening News Investigates Countrywide VIP Program – YouTube