Courtemanche, Charles; Snowden, Kenneth - In: The Journal of Economic History 71 (2011) 02, pp. 307-337
Between 1933 and 1936 the Home Owners’ Loan Corporation purchased more than a million delinquent mortgages from private lenders and refinanced those loans for the borrowers. Its primary goal was to break the cycle of foreclosure, forced property sales and decreases in home values that was...