Federal Regulator Opens Doors to Considering Crypto in Mortgage Applications
Key Takeaways
- The Federal Housing Finance Administration Director William Pulte said in a post that he has instructed Fannie Mae and Freddie Mac to consider cryptocurrencies as part of a mortgage application.
- By allowing cryptocurrencies to count as an asset, borrowers who have crypto holdings could be seen as being in better financial position to pay the mortgage, potentially increasing their chances of getting the loan.
- The order instructed Fannie Mae and Freddie Mac to develop proposals that would allow lenders to consider cryptocurrencies, but it offered few other specific details.
Holders of cryptocurrencies may now have an easier time acquiring a mortgage after a key federal regulator made a move that could let lenders consider a…
