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Trump signs a new executive order to bring down the cost of owning a home
Posted on 10/22/26 at 2:58 pm
Posted on 10/22/26 at 2:58 pm
Loading Twitter/X Embed...
If tweet fails to load, click here.quote:
- Automatically cancels mortgage insurance once you hit your equity requirement (pilot program)
- Lowers interest rates on USDA and VA home loans
- Cuts closing costs on refinancing by making the title insurance waiver permanent
- Launches a task force to make factory-built homes cheaper
The fake news won’t want to talk about this one. They’ll brush it under the rug and pretend 47 doesn’t care about housing costs. HE DOES
Posted on 10/22/26 at 3:02 pm to Ailsa
Refuses to sign bi-partison, codifying housing legislation in July.
Issues easily reversible housing executive order 2 months later & 3 weeks before mid terms.
"This President Cares!"
Issues easily reversible housing executive order 2 months later & 3 weeks before mid terms.
"This President Cares!"
This post was edited on 10/22/26 at 3:04 pm
Posted on 10/22/26 at 3:06 pm to Ailsa
So signed something that did nothing to help existing homeowners unless the home is basically almost paid off
Posted on 10/22/26 at 3:10 pm to MSMHater
quote:
Refuses to sign bi-partison, codifying housing legislation in July.
Probably because phags like you will pretend that the legislation would have done the exact thing he's doing now when in reality it would not have.
Posted on 10/22/26 at 3:12 pm to MasterDigger
quote:
Probably because phags like you will pretend that the legislation would have done the exact thing he's doing now when in reality it would not have.
Right.
That's cope, but sure, we can disregard the retarded optics. I remember "small potatoes" was the old man's reasoning. Now explain what the order will do that the legislation wouldn't without using Grok.
This post was edited on 10/22/26 at 3:19 pm
Posted on 10/22/26 at 3:14 pm to Ailsa
Govt shouldnt be involved with this.
Other than getting rid of all govt backed mortgages
Other than getting rid of all govt backed mortgages
This post was edited on 10/22/26 at 3:15 pm
Posted on 10/22/26 at 3:19 pm to MSMHater
quote:
Now explain what the order will do that the legislation wouldn't without using Grok.
Step1: Post a comparison that has no direct equivalency to each instance
Step2: Demand detractors give you the points to which you can argue against
GFY
Posted on 10/22/26 at 4:06 pm to LARancher1991
After you reach 20% that insurance disappears, far cry from almost paid off
Posted on 10/22/26 at 4:17 pm to Ailsa
Once again ,very littles details in another Executive Order.
Cuts closing costs - what specifically is being cut and how much?
Cuts closing costs - what specifically is being cut and how much?
Posted on 10/22/26 at 4:30 pm to Ailsa
I always thought it automatically drops off at 78% of the balance.
On the title insurance end, I personally would keep it. Knew a lady that actually bought a house with a cloud on title that was not uncovered when she first bought, then she refinanced and it did not show up.....and lo and behold the previous owner's "disowned " son pops up and causes problems....turned out he had a case. Title insurance came in handy.
On the title insurance end, I personally would keep it. Knew a lady that actually bought a house with a cloud on title that was not uncovered when she first bought, then she refinanced and it did not show up.....and lo and behold the previous owner's "disowned " son pops up and causes problems....turned out he had a case. Title insurance came in handy.
Posted on 10/22/26 at 4:34 pm to Ailsa
quote:Which, at the margin, could result in home prices going higher. This is supposed to be good for buyers?
Trump signs a new executive order to bring down the cost of owning a home
Posted on 10/22/26 at 4:35 pm to Nosevens
quote:
After you reach 20% that insurance disappears, far cry from almost paid off
That alone is not very different from how regulations around PMI are structured now. You can get rid of PMI under the current rules at slightly over 20%.
However, the key factor in this part of the executive order is the idea that equity based on the executive order will be measured on current market value of the house versus original market value at purchase.
That’s the biggest part of this deal, in addition to the fact that it sounds like executive order will make it easier for the homeowner to go through the process of eliminating PMI.
It’s a pilot program, and we don’t know all the details yet. But on the surface, just this part of the executive order is a positive, I think.
EDIT: this ASSumes mkt value of the property increases.
This post was edited on 10/22/26 at 4:44 pm
Posted on 10/22/26 at 4:36 pm to LARancher1991
quote:“I did get anything so I’m gonna cry
So signed something that did nothing to help existing homeowners unless the home is basically almost paid off
”Posted on 10/22/26 at 4:57 pm to Ailsa
It’s amazing he is doing all these things right before the mid-terms. Must be just a coincidence.
Posted on 10/22/26 at 5:01 pm to Ailsa
Awesome I posted this the other day
GreenChiliTard, Ten Bears and even newly transitioned NIH all think that a streamline refi rate and term loans for Fannie are ninja loans.
They tbink 2008 is here again
GreenChiliTard, Ten Bears and even newly transitioned NIH all think that a streamline refi rate and term loans for Fannie are ninja loans.
They tbink 2008 is here again
Posted on 10/22/26 at 5:03 pm to Ailsa
quote:
Lowers interest rates on USDA and VA home loans
Gross
quote:
Launches a task force to make factory-built homes cheaper
Very Gross
The easiest path to lowering costs to own a home is to let home prices crater.
ETA: and stop the tariffs/trade wars so we can import more cheap building materials used to build and maintain homes. That will help with lowering the cost to build homes and for things like insurance so insurance prices go down
This post was edited on 10/22/26 at 5:06 pm
Posted on 10/22/26 at 5:12 pm to nealnan8
quote:
Once again ,very littles details in another Executive Order.
Cuts closing costs - what specifically is being cut and how much?
details:
https://www.whitehouse.gov/fact-sheets/2026/10/fact-sheet-president-donald-j-trump-decreases-housing-costs-for-americans/
Posted on 10/22/26 at 5:15 pm to junkyarddawg3
So, of it measures current market value... can it screw you?
Posted on 10/22/26 at 5:17 pm to Cosmo
quote:
Govt shouldnt be involved with this.
Other than getting rid of all govt backed mortgages
I think you have voiced the sentiments of tens of millions of Americans, same deal with student loans.
This post was edited on 10/22/26 at 5:19 pm
Posted on 10/22/26 at 5:18 pm to SlowFlowPro
quote:
The easiest path to lowering costs to own a home is to let home prices crater.
Only a complete moron would say this and they cratered one time in 85yrs
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