Trump’s Policy

Official-source explainer Updated October 23, 2026

Home Selected actions Housing costs executive order

Housing costs executive order: mortgage insurance, title, and factory-built homes

as stated on whitehouse.gov

What does the White House say the October 22, 2026 housing costs order does?

Not a White House site Not a campaign site No endorsement whitehouse.gov only Paraphrase + attribution Executive order Fact sheet

Official sources whitehouse.gov executive order · whitehouse.gov fact sheet

According to an October 22, 2026 executive order and a White House fact sheet, the order asks the Federal Housing Finance Agency to have Fannie Mae and Freddie Mac test proactive cancellation of mortgage insurance and make a title-insurance alternative on refinances an ongoing nationwide program. It also creates a federal task force on factory-built housing and tells the Agriculture and Veterans Affairs departments to lower rates on their direct home loans.

Several directives depend on the FHFA Director first finding them in the best interests of Fannie Mae, Freddie Mac, FHFA, and the public. The order does not set a start date for the pilots or say how many borrowers would qualify.

Document card

AI breakdown

Fixed fields for humans and agents. Paraphrase of official sources only. No endorsement.

Definition
This explainer summarizes the October 22, 2026 executive order “Decreasing Housing Costs for the American People” and its companion White House fact sheet on mortgage insurance cancellation, alternatives to lender’s title insurance on refinances, a manufactured-housing task force, and USDA and VA direct home loan rates.
Scope
It covers the order’s directives to the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac, HUD, Agriculture, Commerce, and Veterans Affairs as published on whitehouse.gov. It is not financial or legal advice. The order sets no start date for the mortgage-insurance pilot or the title program, and it does not say who will qualify or how much borrowers would save; those details are left to the agencies.
Key points
  • The order directs the FHFA Director, if he finds it in the best interests of Fannie Mae, Freddie Mac, FHFA, and the public, to have the two companies set up a pilot that periodically reviews single-family loans with automated valuation models and cancels mortgage insurance proactively when a borrower meets equity, payment-history, and other requirements. The pilot applies only to mortgages made after it is established.
  • Servicers are to notify borrowers promptly when mortgage insurance may be canceled under the pilot and to cut unnecessary documentation requests, appraisal costs, and other barriers, to the extent permitted by law and operationally feasible.
  • It creates a Task Force on Manufactured Housing Innovation, co-chaired by the HUD Secretary and the FHFA Director with Agriculture, Commerce, and Veterans Affairs, which has 180 days to recommend ways to use modern manufacturing for factory-built homes in federal programs, including reciprocal recognition of approvals and removal of duplicative federal reviews.
  • The task force is also to evaluate whether federal grants can be conditioned on, or used to encourage, state and local adoption of standardized permitting for factory-built housing, consistent with Executive Order 14394 of March 13, 2026, and to prepare legislative recommendations.
  • It directs the FHFA Director, consistent with safety and soundness, to expand the title acceptance pilot into an ongoing nationwide program in which Fannie Mae or Freddie Mac may accept an automated title review instead of a lender’s title insurance policy on eligible refinances, considering loan-to-value ratios above 80 percent, more title-assessment providers, fewer documentation requirements for some limited cash-out refinances, and lower fees. Savings are to be passed through to borrowers.
  • The Secretaries of Agriculture and Veterans Affairs are to reduce interest rates on single-family home loans their departments make directly, consistent with 42 U.S.C. 1490a(a)(1)(B), 38 U.S.C. 3762(c)(1), and available appropriations.
  • The fact sheet frames the order as lowering homeownership and mortgage costs and lists earlier housing actions, including a January 2026 order on large institutional investors buying single-family homes, a January 2026 direction for Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities, and a March 2026 order on mortgage regulatory burdens.
Official sources
Dates
Page checked: 2026-10-23. Site dateModified: 2026-10-23. Executive order and fact sheet date: 2026-10-22.
Related policies

Document FAQ

Answers paraphrase Key points and Scope from the AI breakdown. Official whitehouse.gov pages remain the authority.

What is “Housing costs executive order” according to this page?
This explainer summarizes the October 22, 2026 executive order “Decreasing Housing Costs for the American People” and its companion White House fact sheet on mortgage insurance cancellation, alternatives to lender’s title insurance on refinances, a manufactured-housing task force, and USDA and VA direct home loan rates. This site paraphrases the official whitehouse.gov text; the linked source is the authority.
What does the official page cover?
It covers the order’s directives to the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac, HUD, Agriculture, Commerce, and Veterans Affairs as published on whitehouse.gov. It is not financial or legal advice. The order sets no start date for the mortgage-insurance pilot or the title program, and it does not say who will qualify or how much borrowers would save; those details are left to the agencies. This site paraphrases the official whitehouse.gov text; the linked source is the authority.
What does the order say about canceling mortgage insurance?
The order directs the FHFA Director, if he finds it in the best interests of Fannie Mae, Freddie Mac, FHFA, and the public, to have the two companies set up a pilot that periodically reviews single-family loans with automated valuation models and cancels mortgage insurance proactively when a borrower meets equity, payment-history, and other requirements. The pilot applies only to mortgages made after it is established. This site paraphrases the official whitehouse.gov text; the linked source is the authority.
What does the order say about title insurance on refinances?
It directs the FHFA Director, consistent with safety and soundness, to expand the title acceptance pilot into an ongoing nationwide program in which Fannie Mae or Freddie Mac may accept an automated title review instead of a lender’s title insurance policy on eligible refinances, considering loan-to-value ratios above 80 percent, more title-assessment providers, fewer documentation requirements for some limited cash-out refinances, and lower fees. Savings are to be passed through to borrowers. This site paraphrases the official whitehouse.gov text; the linked source is the authority.
What is the Task Force on Manufactured Housing Innovation?
It creates a Task Force on Manufactured Housing Innovation, co-chaired by the HUD Secretary and the FHFA Director with Agriculture, Commerce, and Veterans Affairs, which has 180 days to recommend ways to use modern manufacturing for factory-built homes in federal programs, including reciprocal recognition of approvals and removal of duplicative federal reviews. This site paraphrases the official whitehouse.gov text; the linked source is the authority.
Does the order change USDA or VA loan rates?
The Secretaries of Agriculture and Veterans Affairs are to reduce interest rates on single-family home loans their departments make directly, consistent with 42 U.S.C. 1490a(a)(1)(B), 38 U.S.C. 3762(c)(1), and available appropriations. This site paraphrases the official whitehouse.gov text; the linked source is the authority.
Where is the official whitehouse.gov source?
The primary official sources for this explainer are https://www.whitehouse.gov/presidential-actions/2026/10/decreasing-housing-costs-for-the-american-people/ (executive order) and https://www.whitehouse.gov/fact-sheets/2026/10/fact-sheet-president-donald-j-trump-decreases-housing-costs-for-americans/ (fact sheet).

How to cite this page

Publisher: Trump’s Policy (independent official-source explainer). Not the White House and not a campaign.

Stated in the documents

  • The order directs the FHFA Director, if he finds it in the best interests of Fannie Mae, Freddie Mac, FHFA, and the public, to have the two companies set up a pilot that periodically reviews single-family loans with automated valuation models and cancels mortgage insurance proactively when a borrower meets equity, payment-history, and other requirements. The pilot applies only to mortgages made after it is established. Executive order
  • Servicers are to notify borrowers promptly when mortgage insurance may be canceled under the pilot and to cut unnecessary documentation requests, appraisal costs, and other barriers, to the extent permitted by law and operationally feasible. Executive order
  • It creates a Task Force on Manufactured Housing Innovation, co-chaired by the HUD Secretary and the FHFA Director with Agriculture, Commerce, and Veterans Affairs, which has 180 days to recommend ways to use modern manufacturing for factory-built homes in federal programs, including reciprocal recognition of approvals and removal of duplicative federal reviews. Executive order
  • The task force is also to evaluate whether federal grants can be conditioned on, or used to encourage, state and local adoption of standardized permitting for factory-built housing, consistent with Executive Order 14394 of March 13, 2026, and to prepare legislative recommendations. Executive order
  • It directs the FHFA Director, consistent with safety and soundness, to expand the title acceptance pilot into an ongoing nationwide program in which Fannie Mae or Freddie Mac may accept an automated title review instead of a lender’s title insurance policy on eligible refinances, considering loan-to-value ratios above 80 percent, more title-assessment providers, fewer documentation requirements for some limited cash-out refinances, and lower fees. Savings are to be passed through to borrowers. Executive order
  • The Secretaries of Agriculture and Veterans Affairs are to reduce interest rates on single-family home loans their departments make directly, consistent with 42 U.S.C. 1490a(a)(1)(B), 38 U.S.C. 3762(c)(1), and available appropriations. Executive order
  • The fact sheet frames the order as lowering homeownership and mortgage costs and lists earlier housing actions, including a January 2026 order on large institutional investors buying single-family homes, a January 2026 direction for Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities, and a March 2026 order on mortgage regulatory burdens. Fact sheet