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Sources: US Considering Cryptocurrency as Collateral Asset for Mortgage Loans, Potential Subprime Crisis Brewing Again
Summary: According to sources, the Federal Housing Finance Agency (FHFA) in the United States has ordered housing loan institutions Fannie Mae and Freddie Mac to consider using cryptocurrency as collateral assets in the risk assessment of residential mortgage loans. Several cryptocurrency industry insiders have indicated that this could lead to a significant shift in asset verification ...
According to sources, the Federal Housing Finance Agency (FHFA) in the United States has ordered housing loan institutions Fannie Mae and Freddie Mac to consider using cryptocurrency as collateral assets in the risk assessment of residential mortgage loans. Several cryptocurrency industry insiders have indicated that this could lead to a significant shift in asset verification standards for Americans applying for housing loans, potentially allowing the use of cryptocurrency as collateral assets. An industry insider who preferred to remain anonymous told Caixin that this development is undoubtedly positive for the cryptocurrency industry, but if implemented, fluctuations in the cryptocurrency market could directly impact the housing loan market, with the next subprime crisis just a matter of time.
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Link: Sources: US Considering Cryptocurrency as Collateral Asset for Mortgage Loans, Potential Subprime Crisis Brewing Again [Copy]
