Fannie Mae-No Politics (FNMA)

[Wise Man]

If the FHA's MMIF and GNMA cease to exist, the government can free up $145B in the FHA and $31B with Ginnie Mae, for government spending.

With the recent LLPA changes in FnF, this upfront g-fee was aligned with the FHA, to the extent that in some cases, even FnF charge a lower fee.
For instance, in First-Time homebuyers; LTV >95%; credit score <680 (FHA's 74% mkt share), same fee FnF-FHA with credit scores <640, but FnF are cheaper in the range 640-679.