Housing Market Update: Cryptocurrency Considered as Mortgage Assets
U.S. housing regulators are now requiring Fannie Mae and Freddie Mac to factor cryptocurrencies into their risk assessments for single-family mortgages.
William Prute, the director of the Federal Housing Finance Agency (FHFA), announced this directive on social media, stating that he has ordered the government-sponsored enterprises to “prepare businesses to count cryptocurrency as mortgage assets.” It seems this move aligns with “President Trump’s vision to position the United States as the global crypto capital.”
The FHFA will oversee and monitor regulations and housing missions concerning Fannie Mae and Freddie Mac, which have been crucial players since the 2008 subprime mortgage crisis.
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Both companies were placed under federal conservatorship following significant financial losses in the housing market, prompting the need for government intervention. Since then, the FHFA has conducted annual assessments to evaluate the financial safety and risk management strategies of these firms.
Currently, Fannie Mae and Freddie Mac guarantee over half of all U.S. mortgages.
Under Prute’s directive, each organization is required to draft proposals that will consider cryptocurrency—without converting it to U.S. dollars—as acceptable assets in their detached mortgage loan risk evaluations. Only cryptocurrencies that are provably stored at U.S.-regulated central exchanges and comply with applicable laws will be taken into account.
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Comments from the FHFA suggest that this initiative is part of a broader strategy to modernize the country’s cryptocurrency policy, a focus that began during Trump’s second term, coinciding with his campaign financing initiatives utilizing digital currency.
This year, an executive order was signed by Trump to develop a national leadership strategy concerning digital assets, which includes plans for a strategic Bitcoin reserve and an asset stockpile.
In May, the Trump Media and Technology Group announced a substantial $2.5 billion deal with institutional investors aimed at creating a Bitcoin Treasury.
Furthermore, Vice President Kamala Harris attended the Bitcoin 2025 conference in Las Vegas, emphasizing that the current administration is more favorable toward the digital assets industry compared to prior administrations.
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“Today, I’m here to make it clear: with President Trump, Crypto finally has a champion in the White House. Our administration sees the vast potential of digital assets—not merely as investments but also as a revolutionary technology and a catalyst for the personal freedoms of all citizens,” stated the Vice President.
