Donald Trump signs executive order targeting mortgage insurance and refinance costs

President Donald Trump signed an executive order on Thursday directing federal agencies to reduce housing expenses for home buyers, MPA Magazine reported. The measure targets costs associated with mortgage insurance, title insurance on refinances, and manufactured housing. [1]

The executive order, titled Decreasing Housing Costs for the American People, directs the Federal Housing Finance Agency to expand title insurance waivers, according to MPA Magazine. It also instructs the agency to launch a pilot program for automated private mortgage insurance cancellation. [1]

As FTMQ Real Estate reported earlier, administration officials drafted the policy measures as industry forecasts point to a sluggish mortgage market moving into 2027 due to persistent higher interest rates. The draft plans also included establishing a federal task force focused on manufactured housing innovation. [3]

MPA Magazine reported that the directive is part of a series of housing actions signed ahead of the November midterm elections. It builds on two executive orders signed in March that addressed mortgage credit access and regulatory barriers to residential construction. [1]