🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Share your story on Gate Square, and embrace the next 30 million together!
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Fannie Mae and Freddie Mac may incorporate Crypto Assets into mortgage reserves.
On June 26, a crypto journalist disclosed on a social platform the specific details of how Fannie Mae and Freddie Mac plan to incorporate cryptocurrency into their mortgage business. She stated that Fannie Mae and Freddie Mac have been instructed to explore including cryptocurrencies as reserves in mortgage applications, meaning that cryptocurrencies will not need to be converted into US dollars but will be counted as reserves in spot form. Furthermore, according to relevant requirements, only cryptocurrencies listed on US-regulated exchanges are eligible to be included in the mortgage reserves of Fannie Mae and Freddie Mac, and the related assets must also adopt fluctuation protection measures.
Note: Freddie Mac and Fannie Mae are two major government-sponsored enterprises (GSE) in the United States, primarily responsible for providing liquidity support to the housing mortgage market by purchasing and securitizing loans to stabilize the real estate market.
Previously, it was reported that the Director of the Federal Housing Finance Agency (FHFA), Pulte, posted on social media, requesting Fannie Mae and Freddie Mac to prepare to classify Crypto Assets as qualifying assets for mortgage applications.