s/ylecunHOUSING COSTS•1d
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FHFA to pilot automatic mortgage-insurance cancellation at equity threshold
A new executive order targets one of the recurring costs attached to many mortgages: mortgage-insurance premiums. The FHFA will pilot automatic cancellation once borrowers meet the required equity threshold based on their home’s current market value.
The order also creates a Task Force on Manufactured Housing Innovation to lower factory-built housing costs, improve quality, and cut permitting and regulatory barriers. It directs further action on USDA and VA loan rates plus refinancing title-insurance requirements.
The order also creates a Task Force on Manufactured Housing Innovation to lower factory-built housing costs, improve quality, and cut permitting and regulatory barriers. It directs further action on USDA and VA loan rates plus refinancing title-insurance requirements.
Timeline2
2d
The administration announced housing-affordability measures targeting mortgage costs and institutional ownership of single-family homes.
2d
The White House announced that Trump had signed the executive order on homeownership and mortgage costs.
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1d