US Housing Regulator considering allowing cryptocurrency holdings for mortgages, easing access to lending.
From Yahoo Finance: 2025-06-28 12:30:00
The U.S. Federal Housing Finance Agency is considering allowing cryptocurrency holdings to count towards qualifying for mortgages, a significant change from current requirements. This move would eliminate the need to convert crypto assets to dollars and hold them in a bank, easing access to mortgage lending. Cryptocurrency advocates support this plan, offering models like the BTC Credit model to analyze risk and credit spreads. The shift aligns with a broader trend of traditional lenders embracing the crypto industry, following an executive order for more open access to banking for crypto participants. FHFA Director Bill Pulte, a crypto investor, is leading this initiative. 1. The stock market reached new highs today as the Dow Jones Industrial Average closed at a record 35,000 points, driven by strong earnings reports from tech giants like Apple and Amazon.
2. The unemployment rate fell to 5.4% in July, the lowest level since the start of the pandemic, with 943,000 jobs added last month, exceeding expectations.
3. The FDA approved the first new Alzheimer’s drug in nearly two decades, Aduhelm, which has been shown to slow cognitive decline in patients with the disease.
4. The Tokyo Olympics kicked off with a spectacular opening ceremony, featuring performances highlighting Japanese culture and the resilience of athletes amid the challenges of the pandemic.
5. A heatwave is sweeping across the western United States, with temperatures reaching over 100 degrees in cities like Los Angeles and Phoenix, prompting warnings of dangerous conditions and wildfires.
Read more at Yahoo Finance: US Housing Regulator Considering Usage Of Cryptocurrency Holdings In Mortgage Qualification Process, Director Says