H.R. 4374 aims to allow mortgage lenders to include crypto balances in credit evaluations, potentially easing access to home loans for digital asset holders.
H.R. 4374, introduced on July 14, mandates mortgage lenders to factor in cryptocurrency brokerage account balances during credit evaluations. The bill directs federal mortgage regulators to update standards to reflect crypto holdings, allowing them to count towards reserve and repayment requirements without needing conversion to fiat. This follows directives from the Federal Housing Finance Agency to Fannie Mae and Freddie Mac to include crypto assets in mortgage assessments.