The FHFA has directed Fannie Mae and Freddie Mac to include crypto assets in mortgage risk assessments for the first time in U.S. housing finance.
Crypto assets may be considered as reserve assets if stored on U.S.-based, regulated exchanges without conversion into dollars to enhance liquidity and flexibility in mortgage financing.
Fannie Mae and Freddie Mac must develop internal risk assessment systems accounting for the volatility of crypto assets, with any new practices subject to board approval and FHFA review.
This move reflects a wider acceptance of crypto in financial portfolios and aims to modernize mortgage standards by incorporating evolving asset trends.