You may have never heard of Fannie May or Freddie Mac, but the two public companies – set up by Congress in the ‘60s – are the linchpins of the US housing market.
Now, the U.S. Federal Housing Finance Agency director William Pulte has instructed ‘the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage.’
It’s not a stretch to say that the move could utterly transform how mortgages work in the US and would certainly signal a new level of ordinary adoption.
Pulte indicated clearly that FHFA’s move to examine crypto-based mortgages came directly from Donald Trump, who is keen to continue integrating crypto with the US economy.
Pulte’s announcement, while just the beginning of the process, should go a long way towards boosting crypto adoption.
Make no mistake, the initiative is still an America-first thing; crypto assets will only be considered as an ‘asset for reserves,’ if held on a ‘US-regulated centralized exchange.’
Crypto would play into the mortgage process during the risk assessment stage. Lenders examine potential borrowers to analyze the strength of their financial position and the chance they would someday default on any loan.
Bitcoin and other cryptos wouldn’t be direct collateral for the loan itself, but lenders would be able to consider crypto holdings as part of the borrower’s overall financial picture.
‘Buy a house with Bitcoin’ is the easy headline here, but there’s something even more important going on behind the scenes.
With trillions of dollars in assets, Fannie Mae controls loans for roughly a quarter of US single-family homes. Those homes are specifically mentioned in Pulte’s announcement, indicating exactly how Trump intends to apply the new framework.
With this, Bitcoin moves away from being just a digital currency; it becomes a real asset, able to support the purchase of the single most expensive asset most Americans will ever buy.
But buying crypto assets is one thing – holding them is another. That’s where Best Wallet app comes in.
With it, you can buy Bitcoin and other leading tokens directly within the app and store them securely thanks to MPC and biometric safety measures. The roadmap also promises a Best Card, staking aggregator, and rewards hub, all designed to make crypto integration easy.
Donald Trump’s directive to integrate crypto assets into the U.S. mortgage process marks a watershed moment for mainstream crypto adoption.
By opening the doors of Fannie Mae and Freddie Mac to Bitcoin and other digital assets, crypto is no longer confined to speculative trading – it’s becoming part of the everyday American dream.
Do your own research before investing; this isn’t financial advice.
