Odaily Planet Daily News - Crypto In America reporter Eleanor Terrett has published an article on X platform revealing the specific details of Fannie Mae and Freddie Mac's plan to include cryptocurrency in their mortgage loan business. She stated that Fannie Mae and Freddie Mac have been instructed to explore including cryptocurrency in the reserve for mortgage loan applications, which means that cryptocurrency will not need to be converted into US dollars, but will be included in the reserve in spot form. In addition, according to relevant requirements, only cryptocurrencies listed on US regulated exchanges are eligible to be included in the mortgage reserve funds of Fannie Mae and Freddie Mac, and the related assets must also be subject to volatility protection measures.
Note: Freddie Mac and Fannie Mae are two major government-sponsored enterprises (GSEs) in the United States, primarily responsible for providing liquidity support to the housing mortgage market and stabilizing the real estate market through purchasing and securitizing loans.
Previously, Pulte, the head of the Federal Housing Finance Agency (FHFA), posted on social media requesting that Fannie Mae and Freddie Mac prepare to include cryptocurrency as a recognized asset for mortgage applications.
