ICBA and other groups sent a letter to the National Economic Council proposing several administrative actions that could help lower the costs of home ownership while preserving safety and soundness for market participants. The suggestions include ending the tri-merge credit reporting requirement and allowing a single-file framework for loans sold to Fannie and Freddie; responsibly reducing mortgage insurance premiums for HUD/FHA loans; and reducing loan level price adjustments across the board and eliminating them for rate/term refinances. ICBA and the other groups also encouraged broad regulatory modernization to limit overlapping and highly complex regulations that have driven up mortgage costs.