The government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have announced the inclusion of cryptocurrencies in their risk assessments for home loans.
Introduction to GSE Decision
The decision was announced by William J. Pulte, the director of the Federal Housing Finance Agency (FHFA), on Wednesday. This event marks a significant step towards the recognition of digital assets at the U.S. government level.
Details of FHFA Resolution
Pulte stated that the decision to include cryptocurrencies in mortgage risk assessment came 'after significant studying' and aligns with President Trump's goal of making the United States the 'global crypto capital.'
Implications for Real Estate Market
Now, cryptocurrencies will be accounted as reserve assets for borrowers, allowing them not to convert these assets into U.S. dollars, as was the case previously. Fannie Mae and Freddie Mac play a key role in the U.S. housing market by providing liquidity and stability.
This decision could change the approach to mortgage lending and attract new assets to the market, which is crucial in the current economic situation.
