President Signs Order Directing Agencies to Develop Mortgage-Cost Programs
The order directs Freddie Mac, Fannie Mae and federal agencies to develop programs and new terms aimed at reducing costs for homeowners and people refinancing. It includes an FHFA pilot to cancel mortgage insurance when borrowers meet equity requirements based on current market value, and makes the title insurance pilot permanent.
An executive order was signed on October 23, 2026, with the stated aim of reducing mortgage and housing costs. It directs Freddie Mac, Fannie Mae and various federal agencies to develop programs and set new terms intended to lower costs for homeowners and people seeking to refinance. Among the provisions, the order calls on the FHFA to create a pilot program to proactively cancel mortgage insurance when borrowers meet equity requirements based on current market value. It also seeks to make the existing title insurance pilot program permanent.
The measures’ eventual impact will depend on the specific guidance and implementation steps the relevant agencies issue.