Fannie Mae and Freddie Mac Now Accept #Crypto as Mortgage Collateral
Federal Housing Finance Agency director William Pulte announced Wednesday that #cryptocurrency will count as assets in mortgage risk assessments.
Home loan borrowers can now use digital assets as collateral without converting to U.S. dollars first.
The directive applies to government-sponsored enterprises Fannie Mae and Freddie Mac for single-family home loans.
Pulte said the decision came "after significant studying" and aligns with #Trump's goal to make America the global #crypto capital.
The move marks mainstream acceptance of digital assets in the critical U.S. housing market.
$BTC and
$ETH holders can now leverage their crypto holdings for real estate financing without selling positions.
JPMorgan is separately planning to allow wealth management clients to use crypto #ETFs as collateral for financing.
Circle's
$USDC stablecoin will become eligible collateral for futures trading starting next year through Coinbase Derivatives.