Analysis: Only Cryptocurrencies Listed on US-Regulated Exchanges Can Be Used for GSE Mortgage Reserve Funds
Odaily Planet Daily reported that Eleanor Terrett, a crypto journalist at Crypto In America, revealed on the X platform specific details about Fannie Mae and Freddie Mac’s plans to include cryptocurrencies in their mortgage business. She stated that Fannie Mae and Freddie Mac have been instructed to explore counting cryptocurrencies as reserves in mortgage applications, meaning that cryptocurrencies would be recognized as reserves in their spot form without needing to be converted into US dollars. In addition, according to relevant requirements, only cryptocurrencies listed on US-regulated exchanges will be eligible to be included in Fannie Mae and Freddie Mac’s mortgage reserves, and these assets must also be subject to volatility protection measures.
Note: Freddie Mac and Fannie Mae are the two major government-sponsored enterprises (GSEs) in the United States, primarily responsible for providing liquidity to the housing mortgage market and stabilizing the real estate market by purchasing and securitizing loans.
Previously, it was reported that FHFA Director Pulte posted on social media, instructing Fannie Mae and Freddie Mac to begin preparations to recognize cryptocurrencies as eligible assets in mortgage applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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