Crypto Mortgages Gain Traction, but Experts See 3 Big Risks
Cryptocurrency has been slowly making inroads into mainstream finance, and housing could be the next frontier.
Last week, the head of the Federal Housing Finance Agency ordered Fannie Mae and Freddie Mac to draw up proposals to begin counting crypto as an asset in mortgage lending assessments. Crypto holdings would be added to the list of traditional assets, such as cash, bank accounts, and stocks, that borrowers can claim when applying for a loan that would fit the mold of those purchased by Fannie and Freddie.
Crypto owners would be able to count their holdings toward a mortgage without needing to liquidate them into cash. While some private lenders already consider crypto in mortgage evaluations, the…
