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What did the home owners loan corporation provide in the 1930's?

Updated: 9/11/2023

Wiki User

∙ 13y ago

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The Home Owners' Loan Corporation was created by the Federal Government during the depression of 1930's and was charged with the responsibility of acquiring foreclosed property from banks and then reselling it to private investors.

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∙ 13y ago

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When was Home Owners' Loan Corporation created?

Home Owners' Loan Corporation was created in 1933.

Does the Home owners loan corporation still exist today?

No

What is the Home Owners Loan Corporation for?

The Home Owners Loan Corporation is a U.S. government program designed to refinance home mortgages to help prevent foreclosure of homes. Established in 1933 during the New Deal, the program became a small profit organization in 1951.

When did Home Owners' Loan Corporation end?

The Home Owners' Loan Corporation started in 1933, its purpose was to help homewners save thier houses through mortgage foreclosues. This program lasted for over four years.It ended in 1936.

What is the definition of home owners loan corporation?

Home Owners Loan Corporation(HOLC) Date:1993 Deffinition-Gave loans at low cost to homeowners so they could continue making their house payments. Hope this answer was helpful to you. Sincerly Faith Rodriguez 02-13-12<3

Related questions

When was Home Owners' Loan Corporation created?

Home Owners' Loan Corporation was created in 1933.

What does HOLC do?

home owners loan corporation

Abbreviation for Home Owners Loan Corporation?

HOLC

What do holc stand for?

Home Owners' Loan Corporation

The Home Owners' Loan Corporation?

http://crghomes.site.bz/

Does the Home owners loan corporation still exist today?

No

What did the home owners' loan corporation do?

Refinanced people's home loans at lower interest rates

Is the Home Owners' Loan Corporation still around today?

No it ended in 1951

What is the Home Owners Loan Corporation for?

The Home Owners Loan Corporation is a U.S. government program designed to refinance home mortgages to help prevent foreclosure of homes. Established in 1933 during the New Deal, the program became a small profit organization in 1951.

When did Home Owners' Loan Corporation end?

The Home Owners' Loan Corporation started in 1933, its purpose was to help homewners save thier houses through mortgage foreclosues. This program lasted for over four years.It ended in 1936.

Who was the person in charge of the Home Owners Loan Corporation?

Franklin D. Roosevelt was the head of the HOLC.

What is the definition of home owners loan corporation?

Home Owners Loan Corporation(HOLC) Date:1993 Deffinition-Gave loans at low cost to homeowners so they could continue making their house payments. Hope this answer was helpful to you. Sincerly Faith Rodriguez 02-13-12<3

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