"The consensus among politicians, citizens, and even executives themselves - on both sides of the political spectrum and throughout the world - is that business just isn't working for ordinary people. The 2007 financial crisis cost 9 million Americans their jobs and 10 million their homes.1 Even...

Approximately 30% of housing defaults are strategic: the homeowner is able to make the payments but rationally chooses not to do so due to negative equity. This document describes the Responsible Homeowner Reward (“RH Reward”), an incentive plan to deter strategic defaults by increasing the...