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Cathie Wood praised adding crypto in mortgage qualification
- The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac last week to prepare for including cryptocurrency, especially Bitcoin, as a valid asset in mortgage qualification.
- Crypto holders often need to liquidate assets, incurring taxes and facing mortgage denials despite substantial digital wealth, highlighting qualification barriers.
- Cathie Wood called the move "a major step" and highlighted that it creates a "novel bridge" linking blockchain assets to the $12 trillion US mortgage market, supporting crypto investor access.
- The proposal aims to incentivize lenders to develop crypto-focused mortgage products, enabling liquidity and tax advantages through crypto-collateralized loans.
- With public feedback underway, the FHFA is studying the effects of including crypto in mortgage qualification, potentially reshaping underwriting and credit assessment long-term.
15 Articles
15 Articles
Crypto could soon help more people get a mortgage — but market experts see 2 risks
An aerial view of homes in the Phoenix suburbs on June 9, 2023 in Queen Creek, Arizona.Mario Tama/Getty ImagesThe FHFA wants Fannie and Freddie to start counting crypto as an asset when assessing mortgage risk.Some experts aren't on board, citing added risks to housing finance stemming from crypto.Crypto's volatility is a top concern, sources told BI. Cryptocurrency has been slowly making inroads into mainstream finance, and housing could be the…
Bitcoin Investors Faced Mortgage Hurdles Due to Crypto-Tied Assets, Says Cathie Wood: 'Won't Be Surprised' If They Were To Shift Some Of Their BTC To Coinbase - ARK Fintech Innovation ETF (BATS:ARKF)
Seasoned investor Cathie Wood said Saturday that Bitcoin (CRYPTO: BTC) holders may not hesitate to shift their holdings to a centralized cryptocurrency exchange to avail home loans.
Ark Invest, an investment firm led by Cathie Wood, has sold $43.8 million in Coinbase shares as part of its portfolio restructuring of crypto-related stocks. Ark Invest Sells $43.8 Million in Coinbase Shares The sale comes at a time when Coinbase’s share price is trading near all-time highs. According to the company’s trading report published on Monday, July 1, Ark […] Source: Bitcoinsistemi.com
Federal Housing Finance Agency moves to recognize 'crypto' as mortgage assets
Cryptos are set to change the housing market under a directive from the FHFA, which could allow homebuyers to list their cryptos for a mortgage application. The post Federal Housing Finance Agency moves to recognize ‘crypto’ as mortgage assets appeared first on CoinGeek.
DailyTruthReport
Cryptocurrency News | Cryptocurrency Prices | Market CapArk Invest Chief Sees Major Gains for Crypto and Housing in New Mortgage Plan
Ark Invest CEO Cathie Wood says a new policy allowing crypto as mortgage collateral could transform homeownership for digital asset holders by removing a key barrier. New Mortgage Policy Could Bridge Crypto and Real Estate Worlds A proposed change in mortgage policy could open the door to homeownership for crypto-heavy investors. Ark Invest CEO Cathie... The post Ark Invest Chief Sees Major Gains for Crypto and Housing in New Mortgage Plan appea…
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