In a plot twist straight out of a financial thriller, a federal housing regulator just gave crypto holders a reason to pop the champagne! They've ordered mortgage giants Fannie Mae and Freddie Mac to start figuring out how to count cryptocurrency as an asset for home loan applications. This could mean your Bitcoin stash might soon help you score that dream house, making you look like a financial wizard to lenders. But hold the confetti—details are still sketchy, and only digital assets on U.S.-regulated exchanges get the green light. With market volatility in the mix, it’s like letting a wild card into the mortgage game.
Do you think this proposal with make home ownership more accessible, or does this only complicate the matter? Let us know your thoughts below. 👇
Link to article: https://finance.yahoo.com/news/federal-regulator-opens-doors-considering-211403660.html
June 25