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Yo_Mama_Been_Loggin

(126,174 posts)
Sun Jun 29, 2025, 02:35 PM Jun 29

Trump's unlawful crypto grift is going to crash the housing market

Remember 2008, when the housing market crashed? If you thought that was fun, you’re going to love the Trump administration’s latest move.

Federal Housing Finance Agency Director William Pulte just ordered Fannie Mae and Freddie Mac to treat cryptocurrency—a volatile and largely unregulated mess—as an asset when evaluating whether to purchase mortgages from banks.

Freddie Mac and Fannie Mae support about 70% of the mortgages in the country. They don’t issue loans but instead buy up home loans and package them into mortgage-backed securities, which are then sold to private investors. Freddie Mac and Fannie Mae then guarantee payments to those investors if the mortgage holder defaults.

You can see where this is going.

https://www.dailykos.com/stories/2025/6/27/2330270/-Trump-s-unlawful-crypto-grift-is-going-to-crash-the-housing-market

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Trump's unlawful crypto grift is going to crash the housing market (Original Post) Yo_Mama_Been_Loggin Jun 29 OP
Oh well we can do it Jun 29 #1
Not much on crypto, but it is an "asset" in the same sense stock is. It's volatile, like stock. Plus, some safeguards Silent Type Jun 29 #2
Trump should be required to explain crypto to the nation bucolic_frolic Jun 29 #3

Silent Type

(10,521 posts)
2. Not much on crypto, but it is an "asset" in the same sense stock is. It's volatile, like stock. Plus, some safeguards
Sun Jun 29, 2025, 02:48 PM
Jun 29

seem to be required. Will have to see how this works out.

Key Points

--The Federal Housing Finance Agency is working to let borrowers use crypto as part of their federal mortgage applications without converting it to cash.

--Only digital assets held on U.S.-regulated, centralized exchanges will qualify under the new guidance.

--Fannie and Freddie must design safeguards to account for crypto’s volatility and submit their plans to the FHFA.

"The order directs both housing finance giants to develop proposals that include digital assets — without requiring borrowers to liquidate them into U.S. dollars prior to a loan closing.

Pulte said in a post on X that the move aligns with President Donald Trump’s vision “to make the United States the crypto capital of the world.”

Historically, cryptocurrency has been excluded from underwriting frameworks due to volatility, regulatory uncertainty, and the inability to easily verify reserves. This directive changes that.

https://www.cnbc.com/2025/06/25/trump-crypto-mortgage.html

Personally, I trust old-fashioned assets, but everyday looks like more people are getting into digital "assets." Hope it doesn't go south.

bucolic_frolic

(51,517 posts)
3. Trump should be required to explain crypto to the nation
Sun Jun 29, 2025, 04:01 PM
Jun 29

all by himself.

And even if they brook that hurdle, crypto is volatile. Fluctuations of 25-30% are common.

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