Fannie Mae and Freddie Mac are instructed to explore ways to incorporate cryptocurrencies into mortgage risk assessment assets

According to Bloomberg, Bill Pulte, the director of the Federal Housing Finance Agency (FHFA) in the United States, has ordered that Fannie Mae and Freddie Mac develop a plan to include cryptocurrencies in the asset category of mortgage risk assessment. The directive requires two institutions to study how to allow borrowers to count cryptocurrencies stored on centralized exchanges regulated by the United States as assets without early liquidation. At present, this policy is still in its early stages, and relevant plans need to be approved by the boards of directors of two institutions and FHFA before implementation. If this move is implemented, it will change the traditional way of evaluating borrower qualifications in the mortgage industry, but explicitly exclude cryptocurrency assets held by non compliant exchanges. Note: Fannie Mae is a housing mortgage securitization agency funded by the US government, dedicated to promoting liquidity in the housing loan market. Freddie Mac, also known as the Federal Home Loan Mortgage Corporation, is the second largest government-sponsored enterprise in the United States, with a commercial scale second only to Fannie Mae.