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Homeowners Loan Corporation (HOLD) Residential Security Redlining Map Area Descriptions Springfield, Ohio 1938 Area Descriptions for Springfield, Ohio, 1938. Homeowners Loan Corporation, box 40, City
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Home Owners Loan Corporation (HOLC) was a government agency established during the Great Depression to help refinance home mortgages.
Home Owners Loan Corporation was a government program and homeowners who wanted to refinance their mortgages could apply through HOLC.
To fill out a Home Owners Loan Corporation application, homeowners had to provide information about their income, debts, and property.
The purpose of Home Owners Loan Corporation was to help homeowners facing foreclosure refinance their mortgages at lower interest rates, to prevent them from losing their homes.
The information reported on a Home Owners Loan Corporation application would include details about the homeowner's current mortgage, income, debts, and property.
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