Multiple mortgage lending trade groups are urging the White House to take administrative steps to lower the costs of home loans, arguing that federal regulations have driven up borrowing expenses as affordability worsens.

In a letter sent Wednesday to White House National Economic Council Director Kevin Hassett, the Mortgage Bankers Association, America’s Credit Unions and the Independent Community Bankers of America called for targeted changes that would not require congressional approval.

The groups called for an end to the tri-merge credit reporting requirement and to allow a single-file framework to reduce costs and streamline originations. The groups seek to details ⇒

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