Home Owners' Loan Corporation
E949
The Home Owners' Loan Corporation was a New Deal-era U.S. government agency created during the Great Depression to refinance home mortgages, prevent foreclosures, and stabilize the housing market.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Home Owners' Loan Corporation canonical | 3 |
| Home Owners’ Loan Corporation | 1 |
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf |
New Deal agency
ⓘ
government agency ⓘ |
| activity |
issuing long-term, low-interest loans to homeowners
ⓘ
purchasing distressed home mortgages from private lenders ⓘ refinancing mortgages on more favorable terms ⓘ |
| appliesToJurisdiction | federal jurisdiction of the United States ⓘ |
| archivesAt |
National Archives and Records Administration
ⓘ
surface form:
U.S. National Archives
|
| associatedWith | redlining ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| createdDuring | Great Depression ⓘ |
| dissolved | 1954 ⓘ |
| financedBy |
United States Department of the Treasury
ⓘ
surface form:
U.S. Treasury
federal government bonds ⓘ |
| foundedBy |
United States government
ⓘ
surface form:
United States federal government
|
| governmentBranch | executive branch of the United States government ⓘ |
| hasConsequence | expanded use of long-term fixed-rate mortgages in the U.S. ⓘ |
| hasEffectOn |
homeownership patterns in the United States
ⓘ
racial segregation in housing markets ⓘ |
| hasProgramType | mortgage relief program ⓘ |
| headquartersLocation | Washington, D.C. ⓘ |
| historicalRole | stabilizing the U.S. housing finance system during the Great Depression ⓘ |
| impact |
contributed to long-term changes in U.S. mortgage markets
ⓘ
reduced home foreclosure rates in the 1930s ⓘ |
| inception | 1933 ⓘ |
| industry |
housing finance
ⓘ
mortgage lending ⓘ |
| legalBasis | Home Owners' Loan Act of 1933 ⓘ |
| locatedInTime | 20th century ⓘ |
| mainPurpose |
prevent home foreclosures
ⓘ
refinance home mortgages ⓘ stabilize the housing market ⓘ |
| notableFor |
introduction of standardized long-term amortized mortgages
ⓘ
large-scale mortgage refinancing during the Great Depression ⓘ use of residential security maps ⓘ |
| operatedIn |
United States of America
ⓘ
surface form:
United States
|
| parentOrganization | Federal Home Loan Bank Board ⓘ |
| partOf | New Deal ⓘ |
| policyArea |
economic recovery policy
ⓘ
housing policy ⓘ |
| regulates | terms of refinanced home mortgages ⓘ |
| replacedBy | private mortgage market institutions ⓘ |
| supervisedBy | Federal Home Loan Bank Board ⓘ |
| timePeriod |
New Deal
ⓘ
surface form:
New Deal era
|
| usedInstrument | federally backed mortgage refinancing ⓘ |
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Home Owners’ Loan Corporation