Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
In a landmark change for the US accommodation The financial system, the Federal Housing Funding Agency released a directive in which Fanny May and Freddie Mac officially consider cryptocurrency As an asset in the family mortgage Risk assessment loan.
This step signed by FHFA Director William J. Partsee on Wednesday, signals the new era crypto -integration to traditional financial infrastructure – this time the American basis Main Lending.
The order directs both housing financing giants for the development of offers that include digital assets – without requiring borrower To eliminate them in the US dollar before closing the loan.
Partt said in a message on X that this step corresponds to the president Donald Trump“vision” make the United States Krypto -stale the world. “
Historically, the cryptocurrency was excluded from the underworld framework, the normative uncertainty and inability to easily check the stocks. This directive changes this.
The decision comes at the time of increasing the institutional hugs of crypt in banking, payments and federal policy.
“Cryptocurrency is a new class of assets, which can give an opportunity to create wealth by the markets of stock and bonds,” the order said, recognizing the growth of crypt in financial portfolios.
The directive limits the consideration of digital assets stored on American, centralized exchanges and may be clearly evidenced. It also requires Fannie Mae and Freddie Mac to develop domestic adjustments to account for the crypto market instability and ensure that any reserves contained at the risk of crypto do not threaten the underwriting standards.
According to the directive, both enterprises must submit their proposals for the board of directors for approval, and then in the FHFA for the final review.
Fanny May and Freddie Mack were under the control of the government in September 2008 as subjects known as enterprises funded by the government or GSES.
See: Jumping MasterCard jumps when it binds the new Stablecoin Fiserv with its global payments
