Why crypto and the $50tn US housing market are a nervy mix – DL News
The Guidance
- The US housing market is the economy’s backbone.
- Crypto volatility could increase mortgage risk, analysts say.
- US housing officials are proposing a new role for Bitcoin and its ilk.
A version of this story appeared in our The Guidance newsletter on June 30. Sign up here.
Hi! Ed here.
Before last week, it’s safe to say few in crypto had ever heard of William Pulte. But now the onetime housing industry investor has become a hot topic in digital assets.
On June 25, Pulte, the director of US Federal Housing Finance Agency, said the two government-sponsored mortgage guarantors — Fannie Mae and Freddie Mac — are poised to permit cryptocurrencies to be used as criteria in assessing the risk of home buyers.
“Today I ordered Fannie…
