President Trump on Thursday signed an executive order directing FHFA Director
Bill Purtle to design a pilot allowing borrowers who meet required home-equity
thresholds based on current market value to proactively cancel mortgage
insurance premiums. The order establishes a Prefabricated Housing Innovation
Task Force to promote modern manufacturing technologies aimed at improving build
quality and reducing construction costs. It also instructs USDA Secretary Brook
Rollins and VA Secretary Doug Collins to lower single-family loan rates issued
by their departments.
