The regulator overseeing Freddie Mac, the Federal Housing Finance Agency (FHFA), ordered the company to consider cryptocurrency as an asset for single-family mortgage loan risk assessments. This move could potentially allow borrowers to use crypto investments to qualify for home loans. FHFA Director William Pulte also directed Freddie Mac to consider additional risk mitigants, including adjustments for market volatility.
This directive represents a step towards institutional adoption of crypto in the mortgage market. Only digital assets held on U.S.-regulated, centralized exchanges would be considered, ensuring a level of oversight and security for this new asset class.
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