The Federal Housing Finance Agency (FHFA) has ordered Fannie Mae and Freddie Mac to prepare for accepting cryptocurrency as a form of mortgage asset. This directive, announced by FHFA Director William Pulte, aligns with a vision to make the U.S. a leader in the cryptocurrency space. The initiative aims to allow these government-backed entities to consider a wider range of borrower assets, potentially enhancing homeownership access for qualified buyers. Pulte's order sparks mixed reactions, with some praising the innovation while others criticize the requirement for crypto assets to be held on centralized exchanges. The companies must now explore how cryptocurrencies can qualify as assets for mortgage evaluations, although the specific types of cryptocurrencies accepted have yet to be detailed. Following the announcement, interest in housing-themed cryptocurrencies surged, highlighting the impact of this directive on the market.

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