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In Historic Acceptance Of Crypto, FHFA Instructs Fannie, Freddie To Count Crypto Assets
As he had hinted on several previous occasions, FHFA Chair Bill Pulte said he had ordered Fannie Mae and Freddie Mac to prepare a proposal to include cryptocurrencies as assets in the risk assessment of single-family mortgage loans. The order directs Fannie and Freddie to "only consider cryptocurrency assets that can be evidenced and stored on a US-regulated centralized exchange." tweet The move is intended to help mortgage seekers who have crypto assets qualify for loans, and comes amid a collapse in the number of mortgage applications in recent years as the US experiences a housing crisis. Pulte hinted at today's ... (full story)
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