President Donald Trump took aim at lowering housing costs across the country Oct. 22 by ordering his administration to create a pilot program to cancel mortgage insurance, lower closing costs and mortgage rates for some borrowers, and boost manufactured homes.
“The American Dream of homeownership is a vital pillar of our great country,” Trump said in the executive order. “It is the policy of my Administration to reduce regulatory barriers to mortgage origination and costs impeding homeownership.”
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