President Trump Signs Executive Order to Reduce Housing Costs and Expand Homeownership

President Donald J. Trump signed an Executive Order aimed at lowering single-family homeownership and mortgage costs, and promoting innovation in the housing market. The order directs the Federal Housing Finance Agency (FHFA) to establish a pilot program for proactively canceling mortgage insurance premiums for qualifying borrowers and to expand a title insurance waiver pilot into a permanent program to reduce refinancing costs. It also establishes a Task Force on Manufactured Housing Innovation to increase quality and lower costs of factory-built housing.