menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

FHFA Direc...
source image

Coindoo

2w

read

39

img
dot

Image Credit: Coindoo

FHFA Directs Fannie Mae and Freddie Mac to Include Crypto in Mortgage Risk Assessments

  • 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.

Read Full Article

like

2 Likes

For uninterrupted reading, download the app