Fannie Mae and Freddie Mac Ordered to Count Crypto as an Asset for Mortgages

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U.S. Director of Federal Housing (FHFA), William John Pulte, has ordered Fannie Mae and Freddie Mac to prepare a proposal for consideration of cryptocurrency as an asset for reserve in their respective single-family mortgage loan risk assessments without conversion of the crypto to U.S. dollars.

Bitcoin will now be considered a reserve asset when applying for mortgages. Bitcoin and cryptocurrencies have not been considered in the mortgage risk assessment process for loans prior to the order.

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