U.S. Housing Crisis Sparks Boom in Crypto-Backed Mortgages

U.S. housing crisis sparks boom in crypto-backed mortgages

Record high home prices in the U.S. have paved way for crypto-backed mortgages and tokenized real estate. With home prices setting new records amid …

White House Establishes Deadline For Crypto Legislation As Congress Moves Forward With GENIUS And CLARITY Acts | Market | CryptoRank.io - Data Intelligence

The new crypto legislation, encompassing GENIUS and CLARITY, is expected to be finalized by September 30. Key supporters—Coinbase, FHFA, and various legislators—are advocating for significant reforms concerning stablecoins and cryptocurrency markets. The FHFA has now recognized cryptocurrency as valid mortgage assets, thereby enhancing its practical application. The White House has set a definitive timeline for crypto legislation, with AI & Cryp…

FHFA wants crypto in mortgages. Lenders have questions

Just a week ago, Federal Housing Finance Agency (FHFA) Director Bill Pulte issued a directive for Fannie Mae and Freddie Mac to begin preparing their businesses for the use of cryptocurrency in single-family mortgages. In response, originators are weighing the potential hurdles for offering crypto-backed loans. Despite crypto’s promise, its extreme volatility poses risks, including margin calls if asset values drop. The FHFA‘s directive provides…