Home Owners Loan Corporation One Pager by GABRIEL FRAGOSO https://padlet.com/300396/i6qswcymt9gj en-us 2016-01-13 19:48:17 UTC 2016-01-14 04:24:00 UTC hello@padlet.com https://padlet-assets.storage.googleapis.com/portrait/monkey.jpg 300396 https://padlet.com/300396/i6qswcymt9gj/wish/89262964 2016-01-14 02:58:37 UTC https://padlet.com/300396/i6qswcymt9gj/wish/89262964 Purpose 300396 https://padlet.com/300396/i6qswcymt9gj/wish/89265258

HOLC was created by President Franklin D. Roosevelt to refinance home mortgages currently in default to prevent forclosure.

]]> 2016-01-14 03:44:31 UTC https://padlet.com/300396/i6qswcymt9gj/wish/89265258 300396 https://padlet.com/300396/i6qswcymt9gj/wish/89265697 HOLC was unsuccessful due to the fact they spent all the capital money in 1935. HOLC then became available only to non-farm homes, worth less then $20,000.

]]> 2016-01-14 03:56:34 UTC https://padlet.com/300396/i6qswcymt9gj/wish/89265697 300396 https://padlet.com/300396/i6qswcymt9gj/wish/89266075 People were critical of HOLC because they were thought to be the originators of mortagages redlining.

Redlining: discrimination on the basis of borrowers' race and ethnicity. (Recent research has suggusted the institution itself did not redline).

]]> 2016-01-14 04:04:07 UTC https://padlet.com/300396/i6qswcymt9gj/wish/89266075 300396 https://padlet.com/300396/i6qswcymt9gj/wish/89266560 The HOLC was not a responsible use of federal spending because they ended their operations and liquidated assets in 1951 and turned a small profit. HOLC was also found to give federal support to existing private sector bias and racial antipathy.

]]> 2016-01-14 04:11:24 UTC https://padlet.com/300396/i6qswcymt9gj/wish/89266560 300396 https://padlet.com/300396/i6qswcymt9gj/wish/89266972 2016-01-14 04:20:51 UTC https://padlet.com/300396/i6qswcymt9gj/wish/89266972 300396 https://padlet.com/300396/i6qswcymt9gj/wish/89267043 2016-01-14 04:22:16 UTC https://padlet.com/300396/i6qswcymt9gj/wish/89267043