US regulator orders Fannie Mae, Freddie Mac to consider crypto for mortgages

INSUBCONTINENT EXCLUSIVE:
The US Federal Housing Finance Agency (FHFA) has ordered home mortgage purchasers Fannie Mae and Freddie Mac to consider how to count
cryptocurrencies as assets in their risk assessments for some home loans.FHFA director William J
cryptocurrency as an asset for reserves in their respective single-family mortgage loan risk assessments, without conversion of said
cryptocurrency to U.S
both institutions were placed under government conservatorship in the aftermath of the 2008 financial crisis.Fannie Mae and Freddie Mac have
played a critical role in the US housing market since the subprime mortgage crisis, providing liquidity and stability by purchasing
mortgages from lenders, which enables lenders to issue more loans.Pulte said on X that the decision to include cryptocurrencies as part of
crisisThe decision to recognize cryptocurrencies as collateral in the mortgage process reflects the growing mainstream acceptance of digital
USDC (USDC) stablecoin is set to become eligible collateral for futures trading starting next year, through a joint initiative by Coinbase
lending platform Ledn, told Cointelegraph that many Bitcoin holders have used their digital assets as collateral to purchase real estate,