FHFA Directs Fannie Mae and Freddie Mac to Include Cryptocurrency in Mortgage Loan Assessments
The Federal Housing Finance Agency (FHFA) has issued a groundbreaking directive, signed by Director William J. Pulte on Wednesday, instructing Fannie Mae and Freddie Mac to incorporate cryptocurrency as an asset in risk assessments for single-family mortgage loans. This marks a significant step toward integrating digital assets into the U.S. housing finance system. The order mandates that both government-sponsored enterprises (GSEs) develop proposals allowing borrowers to use cryptocurrency without converting it to U.S. dollars before loan closing.[…]