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dec 30, 1932 - 1933. Home Owners Loan Corporation Act creates HOLC as part of New Deal

Description:

HOLC was to refinance home mortgages in default to prevent foreclosures. The government used bonds to buy loans, then refinance them for borrowers at lower interest rates and longer periods than the industry average.

Added to timeline:

24 Oct 2017
0
0
95
HOLC Project

Date:

dec 30, 1932
Now
~ 86 years ago
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