Could Your Crypto Holdings Soon Help You Secure a Mortgage? U.S. Regulator Weighs In
Coindesk6 days ago
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Could Your Crypto Holdings Soon Help You Secure a Mortgage? U.S. Regulator Weighs In

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Summary:

  • FHFA to review the inclusion of crypto holdings in mortgage applications

  • Current rules require crypto to be converted to USD and held in regulated banks

  • Director Bill Pulte holds $1M in bitcoin and SOL, signaling personal belief in crypto's value

  • Move reflects U.S.'s crypto-friendly shift under Trump's administration

The Federal Housing Finance Agency (FHFA) is considering whether cryptocurrency holdings should be factored into mortgage applications, a move that could significantly alter how Americans secure home loans. FHFA Director Bill Pulte, a known crypto enthusiast, announced the review on X, highlighting the potential inclusion of digital assets like bitcoin in the wealth assessments conducted by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.

Key Developments:

  • FHFA's Review: The agency will examine how digital assets can be integrated into the financial evaluations for mortgage approvals.
  • Current Requirements: Presently, Fannie Mae and Freddie Mac mandate that crypto holdings be converted into U.S. dollars and held in regulated financial institutions to be considered.
  • Pulte's Crypto Stakes: Public disclosures reveal Pulte owns up to $1 million in bitcoin and Solana's SOL, alongside investments in crypto-related firms.

This initiative aligns with the U.S.'s growing crypto-friendly stance under President Donald Trump's administration, with Pulte being a Trump appointee sworn in earlier this year. The review could pave the way for broader acceptance of cryptocurrencies in traditional financial systems, marking a significant milestone for crypto investors.

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