🔴 Risk Assessment of American Home Loans

🔴 According to Cointelegraph, government-backed institutions, Fannie Mae and Freddie Mac, are set to include cryptocurrencies in risk assessments for single-family home loans. This move signifies a notable shift towards mainstream acceptance of digital assets under U.S. President Donald Trump's administration. The directive was announced by William G. Bolte, director of the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac.

🔹 The FHFA has been regulating these institutions since 2008, after placing them under government conservatorship following the financial crisis. Bolte stated that the decision to integrate cryptocurrencies into mortgage risk assessments was made "after extensive study" and aligns with President Trump's goal of positioning the United States as a global leader in digital currencies. This development allows cryptocurrencies to be recognized as reserve assets for borrowers without the need to convert them into U.S. dollars, a requirement that had previously been in place.