Quick overview

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William Pulte, the US Director of the Federal Housing Administration, instructed Fannie Mae and Freddie Mac to accept cryptocurrency as a mortgage asset.

 

Pulte stated, “Today, I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage, following extensive research and in line with President Trump’s vision to make the United States the crypto capital of the world.”

This directive could change how government-sponsored enterprises evaluate assets for mortgage qualification. This move aligns with the administration’s stated goals regarding cryptocurrency adoption in the US.

The agency indicated that digital assets could be considered without switching to US dollars, potentially improving access to sustainable homeownership by making borrower reserve assessments more accurate.

This marks a major change from long-standing policies that required the liquidation of cryptocurrency assets before they could be counted.

The directive mandates both organizations to develop proposals for using cryptocurrencies as reserve assets within risk models, provided the assets are verifiable and held on centralized exchanges governed by US law. The FHFA emphasized that before implementation, each assessment must consider volatility, apply risk-based discounts, and secure board approval for each company