Table of Contents
- 1 What was the goal of the Federal Home Loan Bank Act quizlet?
- 2 What were the effects of the Federal Home Loan Bank Act?
- 3 What does the FHLB do quizlet?
- 4 Which of the following was a goal of the New Deal?
- 5 What is the long term goal of the Fed quizlet?
- 6 Which of these are established by the Federal Housing Finance Agency?
What was the goal of the Federal Home Loan Bank Act quizlet?
Terms in this set (10) a New Deal law, enacted in 1931, that lowered home mortgage rates and allowed farmers to refinance their loans and avoid foreclosure.
What were the effects of the Federal Home Loan Bank Act?
By the early 1980s the federal regulatory framework founded by the Federal Home Loan Bank Act had successfully strengthened the savings and loan industry and facilitated home ownership—which soared in the U.S. from 40 percent to 66 percent from the pre-Depression era to the 1970s.
Why was the Federal Home Loan Bank created?
The Federal Home Loan Bank Act was passed during the Hoover administration in 1932. It was designed to encourage home ownership by providing a source of low-cost funds for member banks to use in extending mortgage loans.
When was the Federal Home Loan Bank Act successful?
1932
Federal Home Loan Bank Act
| Long title | An Act to create Federal Home Loan Banks, to provide for the supervision thereof, and for other purposes. |
| Nicknames | Federal Home Loan Bank Act of 1932 |
| Enacted by | the 72nd United States Congress |
| Effective | July 22, 1932 |
| Citations |
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What does the FHLB do quizlet?
Created by Federal Home Loan Bank Act to increase amount of funds available for lending institutions who provide mtgs to individuals . Focuses on increasing loanable funds for affordable housibg and community devl projects.
Which of the following was a goal of the New Deal?
The three main goals of the New Deal were relief for the needy, economic recovery, and increased speculation. The period of intense economic activity in which Congress passed numerous New Deal measures was known as the Hundred Days.
What did the National Housing Act do?
Understanding the National Housing Act Its primary purpose was to improve housing standards and conditions, provide a method of mutual mortgage insurance, and reduce foreclosures on family homes. The housing market was in dire need of intervention during the Great Depression.
What does the Federal Housing Finance Agency do?
The Federal Housing Finance Agency (FHFA) was established by the Housing and Economic Recovery Act of 2008 (HERA) and is responsible for the effective supervision, regulation, and housing mission oversight of Fannie Mae, Freddie Mac (the Enterprises) and the Federal Home Loan Bank System, which includes the 11 Federal …
What is the long term goal of the Fed quizlet?
The key goal is price stability. Price stability is the source of maximum employment and moderate long-term interest rates. You just studied 14 terms!