Trump administration moves to count crypto in federal housing loan assessments
NEW YORK – The US regulator overseeing Fannie Mae and Freddie Mac on June 25 ordered the federal housing giants to consider cryptocurrency as an asset for single-family mortgage loan risk assessments, a move that could potentially open the door to borrowers using crypto investments to qualify for home loans.
William Pulte, the director of the Federal Housing Finance Agency (FHFA), said in a social media post that he had ordered Fannie and Freddie to “prepare their businesses to count cryptocurrency as an asset for mortgage,” which he said would be in line with President Donald Trump’s vision of making the United States “the crypto capital of the world.”
The FHFA oversees Fannie Mae and Freddie Mac, which have operated under US…
