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 2008-02-25 — minyanville.com 
 'What is this Home Owners' Loan Corporation and why do we supposedly need it? The HOLC was part of the Home Owner's Refinancing Act, a Franklin D. Roosevelt New Deal agency established in 1933... during the Great Depression.  The purpose of the HOLC was to provide homeowners with refinancing to prevent foreclosure.' 
		
	
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