FHFA Director William Pulte ordered Fannie Mae and Freddie Mac to prepare proposals that would recognize cryptocurrency holdings in mortgage risk assessments.
According to NS3.AI, the directive would allow eligible crypto held on U.S.-regulated centralized exchanges to be considered in underwriting without requiring conversion into U.S. dollars.
The approach would be subject to further approvals, and the companies were instructed to develop proposals outlining how such holdings could be incorporated into their risk evaluation processes.