The US intends to allow cryptocurrencies to be used as mortgage assets for "two houses" and the market is worried about the subprime mortgage crisis

This article is machine translated
Show original
Planet Daily News: The Federal Housing Finance Agency (FHFA) has ordered housing loan institutions Fannie Mae and Freddie Mac to consider cryptocurrency as collateral assets in residential mortgage risk assessments. Multiple cryptocurrency industry professionals stated that this means the asset review standards for housing loans in the United States may undergo a significant change, potentially allowing cryptocurrency to be used as collateral assets. An unnamed industry professional told Caixin that while this is undoubtedly good news for the crypto industry, if this becomes reality, cryptocurrency market volatility would directly impact the housing loan market, making the next subprime mortgage crisis merely a matter of time. (Caixin Network)

Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
1
Add to Favorites
Comments