Almost 70% of households in the U.S. own their own home and, again, almost no households are insured against accidents is home value. Is there a market for insurance products, the protection of the heritage of the house, which would give protection? It focuses on the process of financial innovation in the nonprofit sector through the experience of NeighborWorks America and its pilot program to provide mortgage insurance for citizens of Syracuse, New York. How the product should be designed? The pilot program will be extended nationwide? Are nonprofit sectors and public institutional frameworks right to offer this product? How should be priced, and what the financial reserves necessary for the product are?
by
Laura Winig,
William Goetzmann
Source: Harvard Business School
17 pages.
Release: June 23, 2006. Prod #: 206110-PDF-ENG
Home Equity Protection Solution Case
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