Well Worth Saving : How the New Deal Safeguarded Home Ownership
By: Fishback, Price V.
Contributor(s): Rose, Jonathan | Snowden, Kenneth.Material type: TextSeries: eBooks on Demand.NBER-Long-Term Factors in Economic Devel: Publisher: Chicago : University of Chicago Press, 2013Description: 1 online resource (190 p.).ISBN: 9780226082585.Subject(s): Home Owners’ Loan Corporation -- History | Home ownership -- United States -- History -- 20th century | Mortgage loans -- United States -- History -- 20th century | New Deal, 1933-1939Genre/Form: Electronic books.Additional physical formats: Print version:: Well Worth Saving : How the New Deal Safeguarded Home OwnershipDDC classification: 332.7 | 332.7/220973 | 332.7220973 LOC classification: HG3729HG3729 .U5 F57 2013Online resources: Click here to view this ebook.
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|Electronic Book||UT Tyler Online Online||HG3729 | HG3729 .U5 F57 2013 (Browse shelf)||http://uttyler.eblib.com/patron/FullRecord.aspx?p=1404708||Available||EBL1404708|
Contents; Preface; Acknowledgments; 1. Introduction; 2. The Patchwork Mortgage Market in the 1920s; 3. The Mortgage Crisis; 4. Pressures for Government Action; 5. The Economic Rationale for the HOLC; 6. An HOLC Primer; 7. The Lenders' Good Deal; 8. The Borrowers' Good Deal; 9. Repairing Mortgage and Housing Markets; 10. The Cost to Taxpayers and Subsidies to the Housing Market; 11. Conclusion; Appendix: Walking through the Analysis of the Impact of the HOLC; Notes; References; Index
The urgent demand for housing after World War I fueled a boom in residential construction that led to historic peaks in home ownership. Foreclosures at the time were rare, and when they did happen, lenders could quickly recoup their losses by selling into a strong market. But no mortgage system is equipped to deal with credit problems on the scale of the Great Depression. As foreclosures quintupled, it became clear that the mortgage system of the 1920s was not up to the task, and borrowers, lenders, and real estate professionals sought action at the federal level. <I
Description based upon print version of record.