President Trump Signs Executive Order to Lower Housing Costs and Expand Homeownership for Americans

President Donald J. Trump has signed an Executive Order aimed at reducing the costs of single-family homeownership and mortgages while promoting innovation in the housing market. The order directs the Federal Housing Finance Agency (FHFA) to create a pilot program for proactively canceling mortgage insurance premiums for qualifying borrowers and establishes a Task Force on Manufactured Housing Innovation to increase quality and lower costs in factory-built housing.