Home Owners’ Loan Act

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Mortgage

Enacted in 1933, this Act established the Home Owners’ Loan Corporation and authorized steps to: provide emergency relief with respect to home mortgage indebtedness; refinance home mortgages; and extend relief to homeowners who were unable to pay their mortgages and faced foreclosure.

Federal Housing Finance Agency, Office of Inspector General — Federal Housing Finance Agency Glossary of Terms retrieved 2014-05-26