The Federal Housing Finance Agency (FHFA) announced that it will now consider cryptocurrencies held by applicants on regulated exchanges in the U.S. when assessing creditworthiness for mortgage loans, without the requirement to convert them to U.S. dollars beforehand.
Only tokens available on U.S. regulated platforms (CEX) will be considered, and the FHFA may impose additional conditions related to risk management, although the details of these requirements have not yet been specified.
This brings the world of cryptocurrencies closer to the traditional financial sector, potentially opening the mortgage market for citizens – whose value of accumulated digital assets can now serve as real collateral in the process of applying for their own 'M' at Fannie Mae and Freddie Mac.