A coalition of Senate Democrats is urging caution over the Federal Housing Finance Agency's recent directive to allow mortgage lenders to consider unconverted cryptocurrencies as assets during loan underwriting. They warn that the volatility and security risks of crypto assets could jeopardize borrowers' ability to repay mortgages, potentially destabilizing the housing and financial markets. While supporters hail the move as progress toward mainstream crypto adoption, concerns remain about safeguarding consumer protection and financial stability.
Continue to read Senators Voice Worries Over FHFA’s Move to Include Cryptocurrency in Mortgage Underwriting
A coalition of Senate Democrats is urging caution over the Federal Housing Finance Agency's recent directive to allow mortgage lenders to consider unconverted cryptocurrencies as assets during loan underwriting. They warn that the volatility and security risks of crypto assets could jeopardize borrowers' ability to repay mortgages, potentially destabilizing the housing and financial markets. While supporters hail the move as progress toward mainstream crypto adoption, concerns remain about safeguarding consumer protection and financial stability.
Continue to read Senators Voice Worries Over FHFA’s Move to Include Cryptocurrency in Mortgage Underwriting
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