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Trump Signs Order Cutting Mortgage Insurance and Housing Costs

By Drooid · Oct 23, 2026, 6:14 PM UTC · How we work

Summary

Trump Cuts Housing Costs

U.S. President Donald Trump signed an executive order to lower homeownership costs.
The order directs FHFA Director Bill Pulte to pilot canceling mortgage-insurance premiums after equity thresholds are met.
The order makes permanent the FHFA title-insurance waiver pilot for refinancing loans.
It creates a Housing Innovation Task Force to expand factory-built homes in federal programs.

Summary

Pulte Calls Order Greatest

HUD Secretary Scott Turner co-chaired the task force and praised the housing goals.
FHFA Director Bill Pulte called the directive the greatest housing executive order ever.
LendingTree CEO Scott Peyree said the changes could give buyers meaningful financial relief.
American Land Title Association CEO Chris Morton cautioned cost cuts must not shift risk to families.
Broker Action Coalition co-founder Brendan McKay said mortgage-insurance cancellation will keep money in families’ pockets.

History

Historical Context

The 2008 Housing and Economic Recovery Act, enacted in October 2008, overhauled federal mortgage-insurance programs after the financial crisis in the United States. The Federal Housing Finance Agency, led by Director Edward DeMarco, reduced mortgage-insurance premiums by 30%, saving roughly $1.5 billion for borrowers in 2009. Similarly, President Donald Trump’s 2024 executive order tasks FHFA Director Bill Pulte and HUD Secretary Scott Turner with canceling insurance premiums and expanding factory-built homes. If the policy works, it could echo the 2008 reforms by lowering costs, but critics like Land Title Association’s Chris Morton warn of shifted risk.

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Trump Cuts Housing Costs

U.S. President Donald Trump signed an executive order to lower homeownership costs.
The order directs FHFA Director Bill Pulte to pilot canceling mortgage-insurance premiums after equity thresholds are met.
The order makes permanent the FHFA title-insurance waiver pilot for refinancing loans.
It creates a Housing Innovation Task Force to expand factory-built homes in federal programs.

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