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Why was the HOLC created?

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... former U.S. government agency established in 1933 to help stabilize real estate that had depreciated during the depression and to refinance the urban mortgage debt ...

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Get more facts and information about Home Owners Loan Corporation . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

Similar questions: What government organization was created in 1933 to help stabilize real estate that had depreciated during the depression ? What government organization was created in 1933 to refinance the urban mortgage debt? [ Hide these questions ]

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Magazine article from: American Banker ...servicers to question why these servicers have not...recognize that those who created this mess are not going...These funds enabled the HOLC to buy delinquent loans...In just two years, the HOLC refinanced 20% of all...The benefits of the HOLC were far-reaching...
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