The FHFA directive on crypto in mortgage risk assessments risks excluding self-custodied assets, potentially increasing counterparty risk for homebuyers.

On July 20 (UTC+8), July 19, the Federal Housing Finance Agency (FHFA) recently issued a directive exploring the inclusion of cryptocurrencies in the risk assessment of single-family mortgage loans. This move may allow long-term cryptocurrency holders to use their digital assets when applying for a mortgage without liquidation. The directive emphasizes that assets must be verified and stored through a U.S.-regulated centralized exchange, but does not mandate custody on the exchange. Self-custodied assets are considered the cornerstone of the crypto system due to their transparency, security, and lower counterparty risk. Experts are calling for a reasonable framework that supports both self-custodied and custodied assets, with appropriate valuation discounts for volatility, to drive the modernization of housing finance. [MetaEra]

The U.S. Federal Housing Finance Agency (FHFA) Explores Incorporating Cryptocurrency into Residential Mortgage Risk Assessments

On July 19, Cointelegraph reported that the Federal Housing Finance Agency (FHFA) recently issued a directive to explore incorporating cryptocurrencies into the risk assessment of single-family home mortgages. This move may allow long-term cryptocurrency holders to use their digital assets when applying for mortgages without having to liquidate them. The directive emphasizes that assets must be verified and stored through U.S.-regulated centralized exchanges, but does not mandate custody on the exchange. Self-custodied assets are considered the cornerstone of the crypto system due to their transparency, security, and lower counterparty risk. Experts are calling for the development of a reasonable framework that supports both self-custodied and custodied assets, and applies appropriate valuation discounts for volatility, in order to promote the modernization of housing finance. [TechFlow]

Crypto rules for mortgages must reflect self-custody reality

FHFA关于在抵押贷款风险评估中涉及加密货币的指令，可能会排除自我托管资产，从而潜在增加购房者的交易对手风险。

加密货币抵押贷款的监管规则必须反映出自我托管的实际情况

FHFA關於在抵押貸款風險評估中涉及加密貨幣的指令，可能會排除自我託管資產，從而潛在增加購房者的交易對手風險。