Patent US 8,090,635

A mortgage loan is provided with mortgage payment insurance that provides payments to a lender upon borrower default. The mortgage loan is underwritten based on the mortgage payment insurance. The mortgage payment insurance policy providing that if a borrower defaults, without any further conditions, in its payment obligation under the mortgage, the insurer will make one or more insurance payments to borrower's payee, such payments to be made during the period the mortgage loan is in default.