- Historic Policy: FHFA directs Fannie Mae and Freddie Mac to include cryptocurrency assets in mortgage risk assessments for loans.
- Market Surge: Bitcoin jumps 7.3% to $108,000 following announcement, while traditional financial institutions accelerate crypto mortgage product development.
- Massive Impact: 65 million US crypto holders may now qualify for home loans using digital assets as collateral proof.
US Federal Housing Finance Agency allows crypto assets in mortgage evaluations. Bitcoin hits $108,000 as Fannie Mae and Freddie Mac prepare to accept cryptocurrency collateral for home loans.
POLICY MILESTONE: CRYPTO ASSETS DEBUT IN MORTGAGE EVALUATION ARENA
Core Event
The US Federal Housing Finance Agency (FHFA) Director Bill Pulte officially signed directives on June 25th, requiring Fannie Mae and Freddie Mac to include cryptocurrency in mortgage loan risk assessment categories. Borrowers no longer need to convert crypto assets to US dollars beforehand. Instead, they can use digital assets directly as loan qualification evidence.
This groundbreaking move marks the first time cryptocurrency has received acceptance from America’s housing finance system. Industry experts view this development as a crucial step in the Trump administration’s comprehensive strategy to “build a crypto economic center.”
Policy Details
Eligibility Conditions: Only crypto assets stored on US-regulated centralized exchanges qualify for consideration. Additionally, borrowers must provide clear value proof and comprehensive compliance verification.
Implementation Timeline: Fannie Mae and Freddie Mac must submit detailed proposals within 90 days. Subsequently, board and FHFA approval will follow before final implementation.
Target Demographics: Young homebuyers, technology workers, and crypto asset holders benefit most significantly. The policy especially helps groups who have struggled with traditional loan applications due to insufficient conventional assets.
MARKET REACTION: BITCOIN’S “POLICY BULL” REACHES NEW HEIGHTS
Price Movement
Following the official announcement, Bitcoin prices quickly surpassed $108,000, hitting month-high levels with impressive 7.3% daily gains. Meanwhile, Ethereum and Solana experienced slight declines due to capital flow effects redirecting toward Bitcoin.
Institutional Response
MicroStrategy founder Michael Saylor called this development “a significant milestone for Bitcoin becoming a legitimate reserve asset.” Traditional financial institutions like JPMorgan Chase have accelerated their crypto collateral loan product development initiatives. They plan to include Bitcoin ETFs in wealth management clients’ financing collateral options.
Industry Data
In 2024, the Federal Housing Administration (FHA) issued 760,000 individual housing loans worth $230 billion in total value. If new policies implement successfully, qualified homebuyer numbers should expand significantly. Potential incremental markets may realistically reach hundreds of billions of dollars.
TECHNICAL IMPLEMENTATION: COMPLIANCE FRAMEWORK AND RISK HEDGING
Compliance Architecture
Custody and Verification: Only centralized exchange-custody crypto assets receive acceptance, ensuring complete traceability and anti-money laundering (AML) compliance standards.
Volatility Hedging: Fannie Mae and Freddie Mac must establish sophisticated dynamic risk assessment models. These advanced systems will monitor collateral value fluctuations in real-time while setting appropriate risk-weighted reserve requirements.
Technical Collaboration
Blockware and similar institutions propose utilizing Bitcoin blockchain transparency to verify asset holdings accurately, substantially reducing audit costs. Meanwhile, Coinbase has launched wrapped tokens (such as cbADA and cbLTC), providing standardized solutions for comprehensive on-chain asset verification.
CONTROVERSIES AND CHALLENGES: VOLATILITY’S “DOUBLE-EDGED SWORD”
Risk Model Difficulties
Traditional mortgage lending relies heavily on income and asset stability patterns. However, crypto asset prices may fluctuate over 50% within just a few days. Industry insiders honestly acknowledge: “When collateral includes Bitcoin or DeFi tokens, stress testing models become extremely complex and challenging.”
Historical Lessons
Tesla previously suffered significant quarterly losses due to Bitcoin market crashes, ultimately forcing strategic partial position reductions. Early crypto lending institutions like Milo Credit faced devastating customer default waves due to inadequate collateral liquidation mechanisms.
Regulatory Gaming
Although the Trump administration successfully repealed SEC Staff Accounting Bulletin No. 121, allowing financial institutions to list crypto assets on balance sheets, FHA programs still prohibit crypto collateral usage. This policy execution divergence may trigger substantial market arbitrage behaviors.
FUTURE OUTLOOK: CRYPTO ECONOMY’S “INFRASTRUCTURE REVOLUTION”
Short-Term Impact
Homebuyer Expansion: Approximately 65 million US crypto holders (representing 20% of the total population) may obtain loan qualifications through comprehensive asset verification processes.
Exchange Competition: Compliant platforms like Coinbase and Kraken will aggressively accelerate custody market share competition strategies.
Long-Term Trends
Asset Tokenization: Private company stocks and real estate properties may enter collateral categories through innovative on-chain token formats.
Global Emulation: Economic regions like the European Union and Singapore may follow with similar mortgage policy adjustments, further mainstreaming crypto assets worldwide.
Implementation Challenges
The mortgage industry must develop sophisticated valuation models specifically designed for highly volatile digital assets. Traditional risk assessment frameworks require complete overhauls to accommodate cryptocurrency price swings effectively.
Banks need robust technological infrastructure to seamlessly integrate crypto asset verification into existing loan processing systems. This technological upgrade represents significant operational investments and workforce training requirements.
Market Transformation Effects
Real estate markets may experience increased activity levels as crypto holders gain unprecedented homebuying access. Property demand could rise substantially in tech-heavy regions where crypto ownership heavily concentrates.
Traditional mortgage brokers must rapidly adapt to new asset categories and evolving compliance requirements. Educational programs will become absolutely essential for industry professionals navigating this transition.
Regulatory Evolution
State-level housing authorities may develop varying approaches to crypto collateral acceptance policies. This patchwork implementation could create significant regional market differences and opportunities.
Consumer protection agencies will likely increase scrutiny of crypto-backed mortgages substantially. New disclosure requirements may emerge to better protect borrowers from inherent volatility risks.
Conclusion: A Silent Financial Experiment
When cryptocurrency transforms from a “speculative symbol” to a legitimate “mortgage asset,” the implications extend far beyond technical compliance breakthroughs. This represents a fundamental reconstruction of global asset pricing logic and financial system foundations.
This unprecedented experiment’s success or failure may ultimately determine the foundational rules of next-generation financial systems. The integration of digital assets into traditional lending marks a truly pivotal moment in financial evolution history.
〈Cryptocurrency “Breaks Into” US Mortgage System! How Federal Policy Reshapes Homebuyer Financing Landscape〉這篇文章最早發佈於《CoinRank》。
