Federal Register #2026-22051

Executive order on housing affordability and manufactured-housing innovation

This Executive Office of the President policy directive addresses housing affordability and manufactured-housing innovation; it is not a procurement opportunity or contract award. - Government buyer: No purchasing agency is identified. The directive is issued by the Executive Office of the President and assigns actions to the Federal Housing Finance Agency (FHFA), Department of Housing and Urban Development (HUD), Department of Agriculture (USDA), Department of Commerce, and Department of Veterans Affairs (VA). - Requested products or services: None. No products, services, part numbers, quantities, OEMs, or vendors are identified. - Homeownership and mortgage-cost actions: The FHFA Director is directed to consider an Enterprise pilot to proactively identify eligible borrowers for mortgage-insurance cancellation and to expand an existing title-assessment program for eligible refinances, with savings passed to borrowers. - Manufactured-housing innovation: A task force co-chaired by the HUD Secretary and FHFA Director, with USDA, Commerce, and VA participation, is to recommend ways to advance modern manufacturing, standardize permitting and approvals, reduce duplicative requirements, and support affordable factory-built housing while maintaining safety and quality. - Direct home-loan rates: USDA and VA are directed to reduce interest rates on certain direct single-family home loans, subject to applicable law and available appropriations.

Description

Executive Order 14438 sets policies to reduce regulatory barriers and costs affecting mortgage origination and homeownership, and to promote innovation and competition in the housing and mortgage market. It directs the Federal Housing Finance Agency Director to consider pilot or ongoing programs for proactive mortgage-insurance cancellation and alternative title-risk assessments for eligible refinance transactions. It establishes a Task Force on Manufactured Housing Innovation to recommend ways to facilitate modern manufacturing methods and standardize permitting for factory-built housing. It also directs the Departments of Agriculture and Veterans Affairs to reduce interest rates on certain direct single-family home loans, consistent with applicable law and available appropriations.

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