HOLC is no longer with us; it was actually set up as a temporary corporation by the government.

房主贷款公司已经不存在了,它事实上只是,一个政府临时设立的公司

耶鲁公开课 - 金融市场课程节选

The HOLC said, don't worry if they don't pay, we'll pay.

房主贷款公司说,别担心,如果房主不还款,我们来还

耶鲁公开课 - 金融市场课程节选

For example, if there's a homeowner who you've lent money to and the homeowner is defaulting on the mortgage, the homeowner might wreck the house -that happens all the time -or they might steal things from it.

比如,如果你贷款给一个房主,但是他违约不还贷,并可能在房子里搞破坏,这种事情经常发生,他们还可能会从房子里偷东西

耶鲁公开课 - 金融市场课程节选