The White House released a fact sheet announcing that President Donald J. Trump signed an Executive Order instructing federal agencies to restrict large institutional investors from buying single-family homes through federally supported channels and to prioritize sales to individual owner-occupants. The Order directs agencies to issue guidance preventing relevant Federal programs from approving, insuring, guaranteeing, securitizing, or otherwise facilitating single-family home sales to institutional investors. It also calls for first-look policies for foreclosed properties, disclosure requirements, and anti-circumvention measures, alongside a Treasury review of rules and guidance related to institutional acquisitions or holdings of single-family homes. The Attorney General and the Chairman of the Federal Trade Commission are tasked with reviewing acquisitions for anti-competitive practices and prioritizing enforcement in the single-family home rental market, while the Secretary of Housing and Urban Development must seek ownership disclosures to identify large institutional investor participation in Federal housing assistance programs; the fact sheet also notes a separate direction for Fannie Mae and Freddie Mac to purchase USD 200 billion in mortgage-backed securities. The Order assigns implementation work to agencies through forthcoming guidance and reviews, and tasks the White House with preparing legislative recommendations to codify the policies.

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