Flutterby™! : Crypto for the mortgage bubble gods

Holy shit, we are fucked in ways that the financial system has yet to devise: Fannie Mae, Freddie Mac ordered to consider crypto as an asset when buying mortgages. The only saving grace is that at least they have to be stored in a centralized exchange...

Pulte also instructed the agencies that their mortgage risk assessments should not require cryptocurrency assets to be converted to U.S. dollars. And only crypto assets that “can be evidenced and stored on a U.S.-regulated centralized exchange subject to all applicable laws” are to be considered by the agencies in their proposal, Pulte wrote in a written order, effective immediately.