Decreasing Housing Costs for the American People

Directs the Federal Housing Finance Agency and the Fannie Mae and Freddie Mac enterprises to lower homeownership costs through a pilot program for proactive cancellation of mortgage insurance using automated valuation models, nationwide expansion of a title acceptance pilot allowing automated title review in place of lender title insurance on eligible refinances, and reduced USDA and VA direct single-family loan rates, and establishes a Task Force on Manufactured Housing Innovation co-chaired by the Secretary of Housing and Urban Development and the FHFA Director to standardize permitting of factory-built homes.