Nehemiah Corp. of America, Sacramento, Calif., has introduced a mortgage payment protection insurance policy to help its downpayment gift recipients protect their homes in case of job loss.The company said the Nehemiah Program has formed a partnership with Mortgage Payment Protection Inc. to offer the new policy, called MortgageGuardian. It covers up to six months of the buyer's mortgage payments (including principal, interest, taxes, and insurance, up to $1,500 per month) during the first year of the loan. "While it has been documented that downpayment assistance recipients do not pose any greater risk to foreclosure than transitional homebuyers, we are offering MortgageGuardian to help insure that protection begins at home," said Scott Syphax, Nehemiah's president and chief executive officer. Nehemiah can be found online at http://www.nehemiahcorp.org and http://www.getdownpayment.com.

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