The Federal Housing Agency (FHFA) directed the May and Faridy Mac recognition of the cryptocurrency as an asset in their assessment of the risks of a mortgage loan to one family.
This directive, issued by the director of FHFA William J. Playti, a pivotal moment in integrating digital assets in the framework of traditional financing, especially in the field of home lending.
Checks as assets for household loans
According to To CNBC, it is imposed on both Fannie Mae and Freddie Mac Create proposals that allow borrowers to use digital assets without having to convert them into US dollars before closing the loan.
Bolt stressed that this initiative is in line with President Donald Trump’s vision of the United States as a global leader in the encrypted currency.
Historically, the cryptocurrency has been largely excluded from real estate subscription due to concerns about it VolatilityOrganizational ambiguity, and the challenges associated with verifying asset reserves.
However, this new guidance indicates a shift in the perspective, with the increasing acceptance of encryption within institutional financing and federal policy.
“Huge transformation”
FHFA recognizes the cryptocurrency as a group of emerging assets that can provide opportunities to build wealth outside traditional stock markets and bonds.
However, the guidance determines that the digital assets stored only on the regulation of the United States, Central exchanges (CEX) will be considered, ensuring that these assets can be clear.
In addition, Fannie Mae and Freddie Mac must implement measures to calculate “volatile fluctuations in encrypted currencies”, ensuring that these assets do not put their subscription standards at risk.
Both institutions will need to submit their evaluation proposals to their boards of directors, and then to FHFA for the final approval.
Fanny and Faridy Mac, who was placed under government control in September 2008 as government -sponsored institutions (GSES), plays a decisive role in the housing market in the United States, with more than 7 trillion dollars in housing loans.
Market expert Echo X weighs in this development in modern social media mail On X (Twitter previously), it confirms that the decision to allow digital assets as reserves is a tremendous transformation.
The expert indicated that this change will enable borrowers to use their encryption holdings as part of Home loan qualificationsGet rid of previous barriers that ask users to filter their assets to qualify for loans.
According to Echo X, this step opens the flood gates to adopt a real encrypted currency within the housing market, indicating the dawn of the distinctive real estate market supported by the American mortgage system.
This decision increased prices through the wider digital asset system, as Bitcoin (BTC) increased by 1.5 % about $ 107,000 in the graph 24 hours. Consequently, the total ceiling of the encryption market rose to $ 3.27 trillion.
Distinctive image from Dall-E, Chart from TradingView.com
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