Crypto De Nostradame
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Bullish
Historical decision made in the US: Certain cryptocurrencies are included in mortgages
Cryptocurrencies will now be officially considered valid reserve assets in housing loan applications in the US. FHFA has instructed Fannie Mae and Freddie Mac to consider cryptocurrencies.
The Federal Housing Finance Agency (FHFA), the federal regulatory agency that oversees housing finance markets in the US, has ordered that cryptocurrencies be taken into consideration when evaluating housing loan applications.
Accordingly, Fannie Mae and Freddie Mac, two state-owned institutions that conduct risk assessments for housing loans in the US, will now take into account the cryptocurrencies owned by housing loan applicants when evaluating their eligibility for the loan.
Previously, cryptocurrencies could not be included in credit assessments without being converted to US dollars. With the new decision, they will also be directly considered as cryptocurrencies. However, the cryptocurrencies to be evaluated must be stored on centralized exchanges regulated in the US and must be able to provide provable proof of ownership.
The decision is valid as of the date of publication, and institutions were asked to implement it as soon as possible.
In another respect, cryptocurrencies have been officially accepted as reserve assets in the US housing finance system. For cryptocurrency investors, this creates the possibility of obtaining mortgage loans without exchanging their cryptocurrencies. At the same time, it strengthens the legal acceptance of cryptocurrencies in institutional and financial systems. “A historic day!”
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
$BTC $ETH $BNB
#BinanceAlphaAlert #BinanceTGEXNY #BinanceHODLerSAHARA #MarketRebound
Cryptocurrencies will now be officially considered valid reserve assets in housing loan applications in the US. FHFA has instructed Fannie Mae and Freddie Mac to consider cryptocurrencies.
The Federal Housing Finance Agency (FHFA), the federal regulatory agency that oversees housing finance markets in the US, has ordered that cryptocurrencies be taken into consideration when evaluating housing loan applications.
Accordingly, Fannie Mae and Freddie Mac, two state-owned institutions that conduct risk assessments for housing loans in the US, will now take into account the cryptocurrencies owned by housing loan applicants when evaluating their eligibility for the loan.
Previously, cryptocurrencies could not be included in credit assessments without being converted to US dollars. With the new decision, they will also be directly considered as cryptocurrencies. However, the cryptocurrencies to be evaluated must be stored on centralized exchanges regulated in the US and must be able to provide provable proof of ownership.
The decision is valid as of the date of publication, and institutions were asked to implement it as soon as possible.
In another respect, cryptocurrencies have been officially accepted as reserve assets in the US housing finance system. For cryptocurrency investors, this creates the possibility of obtaining mortgage loans without exchanging their cryptocurrencies. At the same time, it strengthens the legal acceptance of cryptocurrencies in institutional and financial systems. “A historic day!”
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
$BTC $ETH $BNB
#BinanceAlphaAlert #BinanceTGEXNY #BinanceHODLerSAHARA #MarketRebound
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.