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Home Owners Loan Explained by Bank Board Official
The Home Owners' Loan Corporation outlines how it will help distressed owners. It can refund up to 80 percent of home value with bonds at 4-5 percent for 15 years, extend loans up to 50 percent of value, and offer cash loans up to 40 percent with 6 percent interest for 15 years. It also promotes building and loan associations under Federal charter to expand local home financing.
MENTIONED IN THIS ARTICLE
Mr. A
Mr. B
United States
Ocorporation
Federal Home-Loan Bank
Home Owens’ Loan Corporation
Commerce
Washington, D. C
Home Owners’ Loan
Federal Land Banks
Federal Home Loan Bank Board
Washington, D.C
Congress
Federal Home Loan Bank
Federal Home Loan
Federal Savings and Loan Associations