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U.S. Federal Housing Finance Agency (FHFA) Director Bill Pulte has ordered Fannie Mae and Freddie Mac to consider ways cryptocurrencies may be used in mortgage risk assessments, a Wednesday order from the FHFA reveals.FHFA To Consider Crypto As Mortgage Asset, Bill Pulte Says According to a June 25 X post from Pulte, the two government-sponsored […] The post FHFA Head Bill Pulte Orders Fannie Mae, Freddie Mac To Consider Crypto As Mortgage Asset appeared first on Cryptonews.

Under a directive from the FHFA, Fannie Mae and Freddie Mac were ordered to prepare for crypto mortgage payments.

US Federal Housing Finance Agency (FHFA) Director Willian J. Pulte ordered on June 25 that Fannie Mae and Freddie Mac treat cryptocurrency reserves as eligible assets when they measure risk on single-family mortgage loans, effective immediately. The two government-sponsored enterprises must draft plans that show how they will recognize borrower crypto holdings without first converting […] The post US adopts crypto in mortgage risks as Fannie Mae and Freddie Mac update asset models appeared first on CryptoSlate.

Federal Housing Finance Agency director William J. Pulte ordered the two government-sponsored enterprises to prepare to consider crypto for mortgage loan risk assessments. The US Federal Housing Finance Agency (FHFA) has ordered home mortgage purchasers Fannie Mae and Freddie Mac to consider how to count cryptocurrencies as assets in their risk assessments for some home loans. FHFA director William J. Pulte told both of the government-sponsored enterprises (GSEs) in a letter on Wednesday to “prepare a proposal for consideration of cryptocurrency as an asset for reserves in their respective single-family mortgage loan risk assessments, without conversion of said cryptocurrency to U.S. dollars.” The order means the two GSEs could consider potential borrowers’ crypto holdings when they apply for a mortgage, which Pulte said “has not typically been considered” in mortgage risk assessments without first converting the crypto to US dollars. Read more