HOLC


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Related to HOLC: EHFA

HOLC

Home Owners' Loan Corporation.
References in periodicals archive ?
Both the FHA and HOLC established neighborhood scoring systems in which the presence of black households was viewed as a negative impact.
57) Moreover, the local FHA office continued to rely on the racially-driven neighborhood ratings developed by HOLC, which continued to give C ratings to the City neighborhoods that blacks were moving into and D ratings to all of St.
Subsequently, the HOLC risk-rating system informed the FHA and VA
Note that HOLC, whose Board comprised FHLBB Board Members, was--by
race in the siting, and less to the original HOLC score.
Congress authorized the HOLC in 1933 as a quintessential emergency measure.
63) Unfortunately, we do not have detailed data on the subsequent mortgages to analyze the ultimate experiences of HOLC borrowers.
But this is no small endeavor: The FDR-era HOLC operated for almost two decades and at its peak employed 20,000 people.
The HOLC was designed to help distressed homeowners avert foreclosure by buying mortgages near or in foreclosure and replacing them with new mortgages with much longer durations.
Many S&Ls were reincorporated under the Federal Home Loan Bank Board (1932) and bailed out by the HOLC (1933) (Fish 1979).
The HOLC refinanced mortgages that were on the verge of foreclosure and made low-interest loans to help homeowners recover homes they had lost through forced sale.
HOLC carved the national housing market into four classifications when it drew up confidential color-coded "Residential Security Maps.