Home Owners' Loan Act of 1933

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The Home Owners' Loan Act of 1933 was a New Deal-era U.S. federal law that created mechanisms to refinance home mortgages and prevent foreclosures during the Great Depression.

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AI-generated illustration of Home Owners' Loan Act of 1933

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Home Owners' Loan Act of 1933 (The Home Owners' Loan Act of 1933 was a New Deal-era U.S. federal law that created mechanisms to refinance home mortgages and prevent foreclosures during the Great Depression.)

All labels observed (5)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf New Deal legislation ⓘ
United States federal statute ⓘ
aimedAt stabilizing the banking system ⓘ
stabilizing the housing market ⓘ
authorized federal government purchase of distressed home mortgages ⓘ
issuance of government-backed bonds to fund mortgage refinancing ⓘ
benefitForm long-term amortized mortgages ⓘ
lower interest rates for homeowners ⓘ
characteristic emergency, temporary program in origin ⓘ
country United States ⓘ
created Home Owners' Loan Corporation ⓘ
enactedDuring Great Depression ⓘ
New Deal ⓘ
establishedAgencyType federal government corporation ⓘ
historicalPeriod 1930s United States ⓘ
impact expanded federal role in housing finance ⓘ
helped restore confidence in mortgage lending ⓘ
reduced the number of residential foreclosures ⓘ
implementedBy Home Owners' Loan Corporation ⓘ
jurisdiction federal government of the United States ⓘ
legalArea banking law ⓘ
financial regulation ⓘ
housing law ⓘ
legislativeBody United States Congress ⓘ
mechanism exchange of new long-term, low-interest loans for troubled mortgages ⓘ
federal refinancing of existing home mortgages ⓘ
partOf First New Deal ⓘ
linked to: New Deal
policyType emergency economic relief ⓘ
financial stabilization policy ⓘ
housing policy ⓘ
presidentAtEnactment Franklin D. Roosevelt ⓘ
purpose to prevent home foreclosures ⓘ
to provide relief to distressed homeowners ⓘ
to refinance home mortgages ⓘ
relatedTo Emergency Banking Act of 1933 ⓘ
Glass–Steagall Act ⓘ
National Housing Act of 1934 ⓘ
responseTo banking crisis of the early 1930s ⓘ
collapse of the housing market ⓘ
widespread mortgage defaults ⓘ
sectorAffected banking ⓘ
housing finance ⓘ
mortgage lending ⓘ
signedBy Franklin D. Roosevelt ⓘ
targetPopulation homeowners facing foreclosure ⓘ
homeowners in default ⓘ
timeHorizonOfLoans long-term ⓘ
typeOfRelief home mortgage relief ⓘ

How these facts were elicited

Referenced by (9)

Full triples — surface form annotated when it differs from this entity's canonical label.

Home Owners' Loan Corporation → legalBasis → Home Owners' Loan Act of 1933 ⓘ
Hundred Days (FDR) → hasKeyLegislation → Home Owners’ Loan Act of 1933 ⓘ
subject linked to: Hundred Days
linked to: Home Owners' Loan Act of 1933
73rd United States Congress → enacted → Home Owners’ Loan Act ⓘ
linked to: Home Owners' Loan Act of 1933
73rd United States Congress → enacted → Home Owners’ Loan Corporation Act ⓘ
linked to: Home Owners' Loan Act of 1933
Banking Code of the United States → includes → Home Owners’ Loan Act ⓘ
linked to: Home Owners' Loan Act of 1933
Public Law 101-73 → amends → Home Owners’ Loan Act ⓘ
linked to: Home Owners' Loan Act of 1933
12 CFR Part 3 → authorityFrom → Home Owners’ Loan Act ⓘ
linked to: Home Owners' Loan Act of 1933
Garn–St Germain Depository Institutions Act of 1982 → amends → Home Owners’ Loan Act ⓘ
linked to: Home Owners' Loan Act of 1933
DIDMCA → amends → Home Owners' Loan Act ⓘ
linked to: Home Owners' Loan Act of 1933