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US Housing Agency Eyes Crypto Holdings for Mortgages

  • 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.

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