Buying a home can be expensive. Until now, the roughly 15% of Americans who invest in digital assets haven’t been able to include crypto when applying for a mortgage, but that could soon change. A June directive issued by the Federal Housing Finance Agency ordered mortgage giants Fannie Mae and Freddie Mac to develop proposals to consider crypto as an asset in single-family home risk assessments. CNBC explores the pros and cons of this directive and what will change if it is enacted.
Chapters:
0:00 Introduction
2:20 Chapter 1: FHFA’s crypto proposal
6:43 Chapter 2: Housing market risks
9:36: Chapter 3: Will it become law?
Hosted by: Talia Kaplan
Produced by: Talia Kaplan, Christian Nunley
Animation: Jason Reginato
Senior Managing Producer: Jordan Smith
Additional Footage: Getty Images
Additional Sources: Federal Reserve Bank of St. Louis, National Association of Realtors
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Could Crypto-Backed Mortgages Put The U.S. Housing Market At Risk?
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