Owning Crypto Could Soon Help Homebuyers Take Out a Mortgage
Aspiring homebuyers might be able to count crypto as an asset when applying for a mortgage.
The Director of the Federal Housing Finance Agency wants Fannie Mae and Freddie Mac to count cryptocurrency as an asset in mortgage lending assessments.
William Pulte, director of the federal housing agency, revealed this week that he has instructed both mortgage finance giants to prepare proposals to start considering crypto as an asset when considering single-family home loan risks.
In posts on X, Pulte touted the benefits of this proposal, describing the real estate, housing, mortgage lending industries as being “forever changed” by this addition, noting the Trump administration’s focus on spurring crypto…
