The FHFA has issued a directive instructing the two main government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to include cryptocurrencies in their mortgage risk assessments. These GSEs have played a fundamental role in the U.S. housing market, ensuring liquidity and stability for residential mortgages.
According to William Pulte, director of the Federal Housing Finance Agency (FHFA), under the new guidelines, crypto assets held in U.S.-based regulated exchanges will be considered when evaluating the financial status of borrowers for single-family home loans.
The directive aims to broaden the scope of assets considered in the mortgage lending process, potentially increasing flexibility and liquidity. FHFA Director William J. Pulte emphasized that this measure is in line with efforts to provide more sustainable homeownership opportunities.
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