FHFA Could Expose Homebuyers To Greater Counterparty Risk

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Opinion by: Margaret Rosenfeld, chief legal officer of Everstake

The Federal Housing Finance Agency’s (FHFA) recent directive to explore how cryptocurrency might be included in single-family mortgage risk assessments is a welcome and long-overdue step.

If implemented, it could allow long-term crypto holders to use their digital assets when qualifying for a mortgage without being forced to liquidate them.

To realize its potential, the resulting proposals must reflect how crypto actually works. And that means recognizing the legitimacy of…



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FHFA Could Expose Homebuyers To Greater Counterparty Risk



Opinion by: Margaret Rosenfeld, chief legal officer of Everstake

The Federal Housing Finance Agency’s (FHFA) recent directive to explore how cryptocurrency might be included in single-family mortgage risk assessments is a welcome and long-overdue step.

If implemented, it could allow long-term crypto holders to use their digital assets when qualifying for a mortgage without being forced to liquidate them.

To realize its potential, the resulting proposals must reflect how crypto actually works. And that means recognizing the legitimacy of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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