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Well Worth Saving: How the New Deal Safeguarded Home Ownership

Price V. Fishback, Jonathan Rose, and Kenneth Snowden

Published in print:
2013
Published Online:
May 2014
ISBN:
9780226082448
eISBN:
9780226082585
Item type:
book
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226082585.001.0001
Subject:
Economics and Finance, Economic History

This book is an economic history of the Home Owners’ Loan Corporation (HOLC). The HOLC was government corporation created under the New Deal to refinance home mortgage loans in danger of foreclosure, ... More


Influences on Household Formation and Tenure

Geoffrey Meen and Christine Whitehead

in Understanding Affordability: The Economics of Housing Markets

Published in print:
2020
Published Online:
January 2021
ISBN:
9781529211863
eISBN:
9781529211870
Item type:
chapter
Publisher:
Policy Press
DOI:
10.1332/policypress/9781529211863.003.0004
Subject:
Economics and Finance, Economic Systems

Chapter 4 concentrates on new household formation and the tenure choices of younger age groups. Not only have the young experienced lower rates of home ownership than previous generations, but they ... More


Repairing Mortgage and Housing Markets

Price Fishback, Jonathan Rose, and Kenneth Snowden

in Well Worth Saving: How the New Deal Safeguarded Home Ownership

Published in print:
2013
Published Online:
May 2014
ISBN:
9780226082448
eISBN:
9780226082585
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226082585.003.0009
Subject:
Economics and Finance, Economic History

The HOLC provided significant relief to individual borrowers and lenders, and also pursued a more general public mission. HOLC officials were determined to stabilize mortgage and housing markets by ... More


Introduction

Price Fishback, Jonathan Rose, and Kenneth Snowden

in Well Worth Saving: How the New Deal Safeguarded Home Ownership

Published in print:
2013
Published Online:
May 2014
ISBN:
9780226082448
eISBN:
9780226082585
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226082585.003.0001
Subject:
Economics and Finance, Economic History

This chapter introduces the HOLC by exploring how it provided relief to one borrower, Joshua C. from Coeur D’Alene, Idaho, who faced foreclosure in 1934 due to a lower market value for his house, ... More


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