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.”
The president also said he wanted to incorporate technology and artificial intelligence to lower costs and promote competition and innovation in the housing and mortgage markets….