The True Brief

Economy ·

Executive order on housing costs: mortgage insurance pilot and manufactured-housing task force

The order directs the FHFA Director, if he determines it is in the best interests of Fannie Mae and Freddie Mac or FHFA, and the American public, to have them set up a pilot that uses "automated valuation models and other available data" to identify borrowers who may qualify for cancellation of mortgage insurance. It also establishes a "Task Force on Manufactured Housing Innovation", co-chaired by the HUD Secretary and the FHFA Director, which must report within 180 days.

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