Fannie, Freddie Ordered to Find Ways to Count Crypto as an Asset

Bill Pulte, who leads the Federal Housing Finance Agency, ordered Fannie Mae and Freddie Mac to propose ways to consider cryptocurrencies when the entities assess risk for mortgage loans.

“Today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage,” Pulte said in a post on X.

The move could help expand how the mortgage industry determines homebuyers’ potential creditworthiness, allowing borrowers to count cryptocurrency as an asset without having to convert it to cash before loan closing.

Not all cryptocurrencies would be accepted. The order ...