Fannie, Freddie ordered to explore crypto as federal mortgage asset
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CRYPTO AS FEDERAL MORTGAGE ASSET: FHFA Director William Pulte has ordered Fannie Mae (FNMA) and Freddie Mac (FMCC) to explore crypto as an asset for single-family mortgage applications without converting it to U.S. dollars, CNBC’s MacKenzie Sigalos reports. Only digital assets held on U.S.-regulated, centralized exchanges will qualify under the new guidance and Fannie and Freddie must design safeguards to account for crypto’s volatility and submit their plans to the FHFA, according to the report. The move aligns with President…
