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People might criticize the Homeowner Loan Corporation because it won't give loan to everyone who simply ask. People have to be qualified for the loan which means have a low house payment but having a job so a person can repay for the loan. Others might criticize it because it didn't make a big difference in ending the depression.

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The HOLC was a responsible use of federal funding becuase it prevented many people from losing their property. Due to this program, the number of mortgages dropped from 5,778 in 1928 to 864 in 1933

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The Program provided bonds to purchase mortgage loan for borrowers. These loans were provided to help the homeowners who had trouble making payment on their mortgage loan. Lenders sold their loans to HOLC and offered bonds that is equally to the amount of principal owed and to the unpaid interest and also to the taxes that were paid by the borrower on the property. Now the borrowers get a longer time to pay back the loan and at a lower interest rate

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The HOLC was successful because it saved many people from becoming homeless. Therefore, thousands of people rushed to apply for the loan, but the program rejected many applications because some borrowers were not capable of repaying the loan or the household was not in need. After all, the HOLC program provided aid to many who were close to losing their home.

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HOLC was established by FDR in 1933 as a part of the New Deal. This program provided a loan money at low interest rate to the homeowners who could not meet mortgage payment. The goal was to refinance the loans of the lenders and save the their property.