ICBA, others share with White House ways to reduce the costs of homeownership
1/23/26
ICBA and other groups sent a letter to the National Economic Council proposing several administrative actions that could help lower the costs of homeownership while preserving safety and soundness for market participants.
Details: The suggestions, which could be taken without congressional action, include:
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Ending the tri-merge credit reporting requirement and allowing a single-file framework for loans sold to Fannie Mae and Freddie Mac.
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Responsibly reducing mortgage insurance premiums for HUD/FHA loans.
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Reducing loan-level price adjustments across the board and eliminating them for rate/term refinances.
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Implementing broad regulatory modernization to limit overlapping and highly complex regulations that have driven up mortgage costs.