FHFA Director Bill Pulte announced a potential shift in how crypto holdings are treated in the traditional housing finance system.
The review will explore incorporating cryptocurrencies into asset evaluations for federally backed mortgages, impacting Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
As Bitcoin reaches over $105,000, the proposal marks a milestone in integrating crypto into mainstream financial assessments.
Mortgage applicants with significant digital holdings could gain better access to federally backed home financing if the proposal succeeds.
This move reflects the growing recognition of crypto as a legitimate store of value.
Details on the timeline, scope, and specific digital assets to be included in the evaluation remain undisclosed by FHFA Director Pulte.
The impact of crypto volatility and custodianship on mortgage underwriting is yet to be clarified.
The study's outcome could reshape how homeownership is financed in a digitizing economy.