FHFA Directs Fannie Mae and Freddie Mac to Incorporate Crypto in Mortgage Risk Assessments
The Federal Housing Finance Agency (FHFA) has mandated Fannie Mae and Freddie Mac to evaluate cryptocurrency holdings as part of mortgage risk assessments. Borrowers can now use digital assets without converting them to fiat currency first, marking a significant shift in mortgage underwriting practices.
FHFA Director William J. Pulte announced the directive via social media platform X, emphasizing the requirement for cryptocurrencies to be held on U.S.-regulated centralized exchanges. The move aligns with broader efforts to integrate digital assets into traditional finance and could reshape how Americans leverage crypto wealth for home loans.