Mortgage Loans: Digital Assets as Collateral
This new act allows mortgage agencies like Fannie Mae and Freddie Mac to consider digital assets (e.g., cryptocurrencies) as part of financial reserves when assessing mortgage loan risk. This means holders of such assets may find it easier to access home loans without needing to convert them to dollars first. However, agencies will apply adjustments for the volatility and liquidity of these assets.
Key points
Digital assets (e.g., cryptocurrencies) can be used as collateral when applying for a mortgage loan.
Mortgage agencies will assess loan risk, considering the volatility and liquidity of digital assets.
No need to convert digital assets to US dollars before they are considered in credit assessment.
Status:
Introduced
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