Description: The paper presents the history of mortgage guarantee insurance in the US, beginning briefly with the history of banks and banking regulation and ending with implications for the future.

Description: This study revisits and updates the termination experience of single family mortgages originated during the early 1980s under the purview of the FHA and insured under the FHA's Mutual Mortgage Fund Insurance MMIF. It also provides a summary of the lessons learned from the study.