Fannie Mae, Freddie Mac to consider crypto in loan assessments - Breaking The News
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Fannie Mae, Freddie Mac to consider crypto in loan assessments

EPA/MATTHEW CAVANAUGH

Two government-sponsored mortgage giants, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), have been directed to consider cryptocurrency as an asset for single-family mortgage loan risk assessments.

William Pulte, the director of the Federal Housing Finance Agency (FHFA), said the move aligns with "President [Donald] Trump’s vision to make the United States the crypto capital of the world."

Both Fannie Mae and Freddie Mac are to prepare proposals that include cryptocurrencies, without "conversion of said cryptocurrency to US dollars."

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