On the other hand, the existence of the private mortgage insurance industry has facilitated the expansion of the thrift industry and of the secondary mortgage market. Twenty-two years after the formation of the first modern private mortgage insurance company and nine years after the creation of the federally sponsored market in conventional mortgage loans, the growth and success of the three industries can be seen as significantly interrelated.
Browne, Diana G.
"The Private Mortgage Insurance Industry, The Thrift Industry and the Secondary Mortgage Market: Their Interrelationships,"
Akron Law Review: Vol. 12
, Article 2.
Available at: https://ideaexchange.uakron.edu/akronlawreview/vol12/iss4/2