Trump Order Directs FHFA to Develop Mortgage Insurance Premium Pilot
President Trump signed an executive order in the United States targeting lower housing and mortgage costs by directing the Federal Housing Finance Agency to establish a pilot program to cancel insurance premiums on government-backed mortgages.
Sioux Falls, SD, October 22, 2026 —
President Trump signed an executive order directing the Federal Housing Finance Agency (FHFA) to establish a pilot program aimed at canceling insurance premiums on government-backed mortgages. The order is described as part of an effort to lower housing and mortgage costs in the United States.
The available information says the agency is to establish a pilot program; it does not say that premiums have already been canceled. Details about which government-backed mortgages would be included, who would qualify, or how the pilot would operate were not provided.
Implementation Details Not Provided
The order’s signing date was not specified. The summary also did not provide a timeline for the FHFA to create the program, the duration of the pilot, or the amount of any premiums that could be canceled. It did not identify the government-backed mortgage programs affected or explain whether the proposed change would apply to existing loans, new loans, or both.
No estimates were provided for how many borrowers could be affected or how the proposal might change housing or mortgage costs. The information available describes the order’s objective and its direction to the FHFA, but does not include further implementation terms or projected effects.
Accordingly, the next steps and potential reach of the pilot remain unspecified in the information provided. The order directs the agency to establish the program, while the eligibility rules, timing and other details have not been stated.
Story summarized from the original created by Max Rego on thehill.com, see more information here.
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