fannie mae

Home Purchase Sentiment Index Moves Up in 2015

Index Closes Year on Positive Note Driven by Reported Income Growth By Jeff Sorg, OnlineEd Blog (January 7, 2016) –  Fannie Mae’s Home Purchase Sentiment Index™ (HPSI) increased 2.4 points to 83.2 in December, capping off its strongest year thus far, as Americans’ household income prospects bounced back to levels of three months ago. The share of consumers

Fannie Mae Announces 97 Percent LTV Option for First-Time Homebuyers

Today, Fannie Mae (FNMA/OTC) announced an option for qualified first-time homebuyers that will allow for a down payment as low as three percent. Building upon Fannie Mae’s successful lower down payment program offered through state Housing Finance Agencies, the 97 percent loan-to-value ratio (LTV) option will expand access to credit for qualified first-time homebuyers that may not have the resources for a larger down payment.