William J. Abrict, director of the US Federal Housing Financial Institutions (FHFA), has revealed that when qualifying for mortgage applicants, the entity evaluates the potential of cryptocurrency holdings.
In the publication, the official wrote: “We will study the use of cryptocurrency holdings in relation to mortgage ratings.” The message was short, but it shows that FHFA, which oversees mortgage financing giants like Fannie Mae and Freddie Mac, is considering it. How digital assets affect mortgage eligibility criteria.
The announcement comes at a time when Bitcoin (BTC) and cryptocurrency were recognized as a class of legitimate assets between investors and businesses.
In recent years, Large companies incorporate bitcoin into their businessesstrengthens its presence in the financial sector. Companies like Strategy accumulate billions of dollars in BTC as part of their company’s reserves, viewing them as protection against inflation.
As reported by Cryptonotics, the use of Cryptoactive has a concrete impact on the daily economy of many US homes. A report from the Ministry of Finance Financial Research Bureau shows that the growing number of low-income families has used the benefits of investing in cryptocurrency to access mortgages. 2020-2024 in the US region. If these technologies have high exposure, The proportion of mortgage consumers has increased by more than 250%.
Despite increasing debt levels, the report highlights the decline in delinquency rates in these urban areas as well, suggesting that many families are using crypto-active profits to fulfill their financial obligations. This integrates the vision of cryptocurrency as an effective tool within the formal economy.
Meanwhile, it is worth noting that in March, the Secretary of Currency (OCC) issued a statement reaffirming and expanding the powers of the State Bank and the Federal Savings Association to participate in activities related to cryptocurrency.
The entity eliminated the “non-rejection of supervisor” requirement. This is a barrier that previously forced these agencies to obtain express approval before being involved in cryptographically active custody, stubcoin operations, or distributed accounting networks.
Adoption of digital assets in the United States advances both institutional spheres and in the daily lives of citizens. This explains the government is analysing the possibility that they will protect them against mortgage requests.
