The U.S. may include Crypto Assets in mortgage collateral, industry insiders worry it could trigger new risks.

According to Caixin, the Federal Housing Finance Agency (FHFA) has ordered housing loan institutions Fannie Mae and Freddie Mac to consider using Crypto Assets as collateral in the risk assessment of residential mortgages. Several individuals in the Crypto Assets industry have stated that this means there could be a significant shift in the asset review standards for Americans applying for housing loans in the future, potentially allowing the use of Crypto Assets as collateral.

An industry insider who wished to remain anonymous told Caixin that this is undoubtedly a positive development for the Crypto Assets industry, but if that’s the case, then the volatility of the Crypto Assets market will directly impact the housing loan market, and the next subprime mortgage crisis is just a matter of time.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)