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President Trump Signs Executive Order to Lower Housing Costs and Mortgage Premiums
President Donald J. Trump today signed an Executive Order aimed at reducing single-family homeownership and mortgage costs, while promoting innovation in the housing market. The order directs the Federal Housing Finance Agency (FHFA) to establish a pilot program for proactively canceling mortgage insurance premiums for eligible borrowers and to make the title insurance waiver pilot a permanent program to lower refinancing costs. Additionally, it instructs the Secretaries of Agriculture and Veterans Affairs to reduce interest rates on single-family home loans provided by their departments.
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