I've recently been diagnosed with HPV, which I contacted through my boyfriend, and am facing pretty much exactly the same problem.
Through the research I've been doing, once your body is infected with that stand of HPV, you'll always have it (don't let that freak you out, it's not necessarily like herpes where it keeps coming back...think of it more as like strept throat or the chicken pox where you have it once and then it lays dormant in your body). Anyhow, so this means you won't be passing it back and forth because you both already have it, and it'll never leave your body in the first place. Your body just gets used to it basically.
Then again, I'm not a doctor, and websites for HPV do a really terrible job of explaining things.
Oh and one more suggestion, see if your boyfriend should get his warts removed. I read on Rutger's student health website that some men should consider having the warts frozen off, just as some women should have theirs removed. Might be something worth looking into or at least stopping by the free clinic to check out.
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