ICBA and other groups sent comments to the Federal Housing Administration on its “Draft Policy Update: Modernizing and Strengthening Minimum Property Requirements.” ICBA and the other groups said that, if finalized, the proposal could be one of the most meaningful updates to FHA valuation policy and the overall FHA financing process in years. ICBA and the other groups believe it would make FHA loans more efficient to originate, reducing the costs for lenders and consumers alike.