Publications
Publications
- June 2006
- HBS Case Collection
Home Equity Protection
Abstract
Nearly 70% of households in the United States own their own home and, yet, virtually no household is insured against a crash in housing values. Is there a market for an insurance product, home equity protection, that would provide this protection? Focuses on the process of financial innovation in the not-for-profit sector through the experience of NeighborWorks America and its pilot program to offer home equity insurance to the citizens of Syracuse, New York. How should the product be designed? Can the pilot program be expanded to a national scale? Are the nonprofit and public sectors the right institutional frameworks to offer this product? How should it be priced, and what financial reserves are necessary for the product?
Keywords
Citation
Goetzmann, William N., and Laura Winig. "Home Equity Protection." Harvard Business School Case 206-110, June 2006.