Michaela
William J. Pulte, Director оf the Federal Housing Finance Agency (FHFA), has directed Fannie Mae and Freddie Mac to factor in cryptocurrency holdings when assessing risk for certain home loans. The order marks a notable shift in how crypto assets may influence traditional mortgage underwriting.
In a letter dated June 25, which Pulte shared on X, the FHFA director instructed government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to draft a “proposal for consideration” on how cryptocurrency could be treated as an asset in their single-family mortgage loan risk evaluations. Notably, the directive specifies that the digital assets should be assessed without requiring conversion into U.S. dollars.
Pulte also directed the government-sponsored enterprises to limit their evaluation to cryptocurrency assets that are both verifiable and held on U.S.-regulated centralized exchanges operating in full compliance with relevant laws.
“Additionally, each Enterprise is directed to consider additional risk mitigants per their own assessment, including adjustments for market volatility and ensuring sufficient risk-based adjustments to the share or reserves comprised of cryptocurrency,” Pulte added in his letter.
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In his post on X, Pulte indiсated that the directive follows extensive analysis and aligns with President Trump’s vision of establishing the United States as the “crypto capital of the world.”
Pulte’s announcement drew a range of responses from the online community. While many welcomed the move as a step forward for crypto adoption in traditional finance, others voiced concerns over asset selection, arguing that Bitcoin, given its relative stability, would be a more appropriate choice than other, more volatile cryptocurrencies.
Other users on X expressed greater enthusiasm regarding Pulte’s announcement. An X user known as Echo shared their perspective on the new directive.
“This is [massive],” Echo wrote. “We’re talking about the 2 giants that hold over $7 TRILLION in housing loans now prepping to allow digital assets as reserves for single-family loans,” he added.
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Echo emphasized that allowing crypto assets to count toward future home loan qualifications could eliminate the need to “sell to qualify,” paving the way for broader adoption and signaling the emergence of a tokenized housing market supported by the U.S. mortgage system.
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MICHAELA
Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.
