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The Federal Housing Financing Agency (FHFA) will study whether the shares of cryptocurrency can be considered in the evaluation of mortgage qualifications.
On Tuesday x postUS director FHFA William Pulte – who was nominated by President Donald Trump – said the agency was investigating cryptocurrencies. “We will study use.” [of] Cryptocurrency shares relate to the qualifications for mortgages, ”he said.
FHFA sets rules for companies sponsored by the US government, the Federal National Mortgage Association and the Federal Mortgage Society for Home Loans. If the agency allows debtors to give bitcoins (BTC), stablecoins or other tokens such as eligible assets would begin to integrate the assets of assets into traditional financing.
Until January 23, most major banks were unable to offer Crypto -Loan or Mortgage. This restriction was caused by the US Securities and Stock Exchange Commission (SEC) Accounting instructions SAB 121which required the companies of these companies to publish the Krypto assets held on behalf of clients as obligations in their balance sheets.
This has led to complications for banks because the capital requirements are associated with the content of the balance sheet. On 23 January, the SEC officially canceled this controversial lead and opened the door of a new crypto financial integration.
Related: What are the crypto -blue mortgages and how do they work?
Mortgages with a crypto -curtain
While Mortgages with a crypto -curtain They already exist, these are specific products offered by specialized companies. These companies usually allow customers to borrow money to buy real estate or for other purposes in exchange for locking digital assets as collateral, usually with high demands for collateralization.
In such a setting, if the digital asset is selected as a collateral decrease in value, the customer often adds more assets to prevent disposal in a Margic call. With new FHFA instructions, we can soon see such offers from traditional banks or even brand new types of crypto -borrowed products.
Crypto as a way to buy real estate
According to a report published at the end of November 2024, a growing number of households with lower incomes is Using profits from investing cryptocurrency to repay mortgages. Scientists have written that “Loan increase is particularly remarkable among low -income households in areas with high expositions.”
Mauritio di Bartolomeo, co -founder of the January Loan for Bitcoins Loan, recently said Caintelegraph that some Bitcoin holders are Using Crypto -Cooperative Loans to Purchase Real Estate Without selling a single satoshi. He said that they are generally individuals with high value who do not meet traditional real estate financing criteria.
Magazine: Housing loans using crypto as collateral: Do risks outweigh the reward?
