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• 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 - Cite This Source - This Definition
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  Cite Definition for Home Owners’ Loan Act

  American Psychological Association (APA)

  Home Owners’ Loan Act. (n.d.). Federal Housing Finance Agency Glossary of Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/home-owners-loan-act.

  Chicago Manual of Style (CMS)

  Home Owners’ Loan Act. fhfaoig.gov. Federal Housing Finance Agency Glossary of Terms. Federal Housing Finance Agency, Office of Inspector General. http://www.expertglossary.com/definition/home-owners-loan-act (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Home Owners’ Loan Act." Federal Housing Finance Agency Glossary of Terms. Federal Housing Finance Agency, Office of Inspector General. 6 June. 2023 http://www.expertglossary.com/definition/home-owners-loan-act.

• Browse Related Terms: Deferred payments, Foreclosure, Home Affordable Foreclosure Alternatives Program (HAFA), Home Affordable Modification Program (HAMP), Home Affordable Refinance Program (HARP), Home Owners’ Loan Act, Loss Mitigation, Second Lien Modification Program (2MP), Trial Period or Trial Period Plan, Work Out