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.

All labels observed (4)

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 (6)

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