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B4Bit

06/26 15:08

Bitcoin for home loans? FHFA approves crypto for m

Bitcoin for home loans? FHFA approves crypto for mortgage reserves

Market pundits viewed crypto reserves in home applications as a tailwind for BTC.
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  • The U.S. Housing agency could soon accept crypto as a reserve for home loan applications. 
  • Market leaders projected that the update could reduce selling pressure on BTC. 

The crypto sector scored another historic win this week.

In a directive on the 25th of June, the U.S. Federal Housing Finance Agency (FHFA) instructed Fannie Mae and Freddie Mac to consider cryptocurrency as an asset class for single-family mortgage risk assessments.

In a directive on the 25th of June, the U.S. Federal Housing Finance Agency (FHFA) instructed Fannie Mae and Freddie Mac to consider cryptocurrency as an asset class for single-family mortgage risk assessments.

The order signed by FHFA Director William J. Pulte allowed loans to close without requiring cryptocurrency to be converted into U.S. dollars beforehand.

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