FHA Underwriting Manual

This summer I was reading Louis Hyman’s Debtor Nation when I came across a surprising reference to the FHA Underwriting Manual developed in the 1930s advising mortgage lenders that college campuses were an excellent buffer for good neighborhoods against infiltration by lower class and racially diverse residents, so the presence nearby was a good factor in the security rating system (the “redlining” maps). I had never thought to look at the Underwriting Manual and so immediately tried to find one on the web. Being that it was a government-produced document I was also surprised to find that it was difficult to find one on the web. Google Books has only digitized a 1958 version of the manual and will only make it available in their Snippet View. This was aggravating. I went to HathiTrust and found a scanned document there I could look at, but it was in terrible shape.

This spurred me to action. I have always been very happy to find an easily accessible text/HTML version of the Port Huron Statement right here for the last 10 years or so, and I figured the historians of the world could use the same for the underwriting manual. As an assignment in my undergrad Digital History course I had students clean up the OCR’ed pdfs of the manual, then use an HTML editor to make the Web version look more or less like the book, but without the artifacts of the printed book, like page headers or forced text wrap.

Feel free to read or link or download the April 1936 version of the underwriting manual here.

An increasing number of historians are creating or accumulating digital archives and sources as part of their research. I think it’s incumbent on us to put all the stuff we can out on the web — the public domain stuff is a no-brainer and I think a good bit can be shared under fair use (e.g. with some interpretation). You don’t have to make a wiz-bang site to make materials available (though I recommend just about everyone develop their own professional/personal site). Maybe just a simple Omeka installation can do the trick.