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30 déc. 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.

Ajouté au bande de temps:

HOLC Project

ByMatthew Amyx
24 oct. 2017
0
0
474

Date:

30 déc. 1932
Maintenaint
~ Il y a 92 ans
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