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FHFA Orders Fannie Mae and Freddie Mac to Draft Crypto Reserve Asset Proposals

According to The Wall Street Journal, the Federal Housing Finance Agency (U.S. housing finance regulator) wants the two mortgage giants to prepare proposals for considering cryptocurrencies in single-family home loan risk assessments.

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Terms & Concepts
  • Reserve assets: Assets counted by lenders or institutions as financial backing when evaluating risk, liquidity, or creditworthiness.
  • Single-family home loan risk assessment: The process lenders use to evaluate the risks tied to a mortgage for a one-unit residential property.
  • Cryptocurrencies: Digital assets that operate on blockchain (shared digital ledger) networks and can be held or transferred electronically.