US President Donald Trump signed an executive order aimed at lowering the cost of single-family homeownership and mortgages while promoting innovation in the housing market.
The order directs the director of the Federal Housing Finance Agency (FHFA) to create a pilot program that would proactively cancel mortgage insurance premiums once borrowers meet equity requirements based on a home’s current market value. The move is intended to reduce monthly expenses for eligible Americans.
It also establishes the Task Force on Manufactured Housing Innovation, co-chaired by the secretary of Housing and Urban Development and the FHFA director. The group is tasked with promoting modern manufacturing methods for factory-built homes eligible for federal housing programs, with the stated aim of improving quality and lowering building costs.
The FHFA director is instructed to make the agency’s title insurance waiver pilot permanent. The program would let more borrowers use lower-cost alternatives to title insurance and reduce refinancing closing costs and monthly homeownership expenses.
The secretaries of Agriculture and Veterans Affairs are directed to lower interest rates on single-family home loans issued by their departments.
The White House said Trump signed an executive order in January 2026 to prevent large institutional investors from buying single-family homes that families could otherwise purchase, and called on Congress to make the policy law. That month, he also directed Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities to further reduce borrowing costs.
In March 2026, Trump signed an order to reduce regulatory burdens that had raised mortgage costs, limited access for creditworthy borrowers and weakened community bank participation in lending. The White House also cited the removal of insurance requirements for federally backed mortgages and measures to expand housing supply in rural and underserved communities.
