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, youre going to love the Trump administrations latest move.
Federal Housing Finance Agency Director William Pulte just ordered Fannie Mae and Freddie Mac to treat cryptocurrencya volatile and largely unregulated messas 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 dont 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

we can do it
(12,928 posts)Silent Type
(10,521 posts)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 cryptos 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 Trumps 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)all by himself.
And even if they brook that hurdle, crypto is volatile. Fluctuations of 25-30% are common.