Wednesday, March 26, 2008

Foreclosures - Historical Background

Now that foreclosures are a topic of interest due to the subprime mortgage crisis, FRASER (Federal Reserve Archival System for Economic Research) has posted annual reports and other documents related to the Federal Home Loan Bank between 1933 and 1952. Included are reports of other entities that were part of the Federal Home Loan Bank including "the Federal Savings and Loan Corporation created as part of the National Housing Act of 1934 and abolished in 1989; the Home Owners' Loan Corporation created by the Home Owners' Refinancing Act in 1933 and liquidated in 1951, and the Federal Savings and Loan System or Division."