Trump signs executive order aimed at reducing housing costs
The order creates a pilot to cancel mortgage insurance, makes title-waiver refinancings permanent and sets up a task force for factory-built homes.
- 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.
57 Articles
57 Articles
Trump Moves to Restore Home Ownership Dream by Cutting Mortgage Costs, Boosting Factory-Built Homes
President Donald Trump on Thursday signed an executive order aimed at lowering single-family homeownership and mortgage costs, placing renewed emphasis on restoring the American Dream of homeownership amid persistent affordability challenges. “The American Dream of homeownership is a vital pillar of our great country," the order reads.
Big Landlords Could Face $1 Million Fines for Buying Houses Under a New Rule
A new federal rule threatens penalties that could dwarf the price of any single home purchase, and the two biggest single-family landlords in America just watched their stocks climb on the day it dropped.
Morning Business Report: Treasury targets home investors as GTA 6 launch could cost $1 billion
(LILAMAX)- The U.S. Treasury Department is moving to restrict large private investors from purchasing additional single-family homes in an effort to improve housing affordability. Under the announced restrictions, investors who own more than 350 houses would be prohibited from purchasing additional single-family properties beginning January 7. The measure is intended to increase housing availability for individual buyers and help address...
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