Trump signs executive order aimed at reducing housing costs
The order directs agencies to cut closing and refinance costs, cancel mortgage insurance sooner and expand factory-built housing.
- On Thursday, President Donald Trump signed an executive order aimed at reducing single-family home ownership and mortgage costs by lowering administrative barriers and expenses for borrowers.
- Federal Housing Finance Agency Director Bill Pulte pushed for the order amid internal administration debate, following rumors that circulated last week during the Mortgage Bankers Association Annual Convention & Expo in Chicago.
- The order directs the FHFA to launch a pilot program canceling mortgage insurance premiums once borrowers meet equity requirements, while mandating Agriculture and Veterans Affairs departments lower interest rates on single-family loans.
- Separately, Trump signed a proclamation under Section 232 of the Trade Expansion Act of 1962, declaring imported wind turbines threaten national security and directing the Commerce Department to negotiate with foreign partners.
- Within 180 days, a new Task Force on Manufactured Housing Innovation must submit recommendations to expand factory-built housing, while the administration monitors wind turbine imports for potential additional trade remedies.
17 Articles
17 Articles
Do You Want to Buy House in the United States? Donald Trump Signs Order to Lower the Cost of Housing
Donald Trump signed an executive order to lower housing in the US; he plans to reduce mortgage rates and simplify refinancing procedures.
President Trump orders steps to reduce regulatory barriers to mortgage origination, lower fees, and promote innovation across housing market
(Washington = Yonhap News) Correspondent Lee Yu-mi = U.S. President Donald Trump [on the 22nd, local time] to reduce the burden of mortgage insurance premiums and expand the supply of prefabricated housing...
Trump signs executive order geared at lowering housing, mortgage costs
President Trump on Thursday signed an executive order aimed at lowering mortgage payments, as elevated borrowing costs have stifled the housing market. Trump’s order directs Federal Housing Finance Agency (FHFA) Director Bill Pulte to create a pilot program to cancel insurance premiums for government-backed mortgages once a borrower has satisfied equity requirements.
Trump signs orders to cut housing costs, address wind turbine imports
WASHINGTON — President Donald Trump on Thursday signed two executive actions aimed at lowering single-family housing costs and addressing national security concerns the administration says are posed by imported wind turbines and their components. One order directs steps to reduce homeownership and mortgages costs, while a separate proclamation under Section 232 of the Trade Expansion… The post Trump signs orders to cut housing costs, address win…
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