US home mortgage regulator considers Bitcoin amid housing crisis

The head of the FHFA said his agency is considering how Bitcoin is counted in qualifying for a mortgage.

The US federal home loan regulator is looking into how crypto holdings could help mortgage seekers qualify for home loans. The move comes amid a decline in the number of mortgage applications in recent years as the US experiences a housing crisis. 

In a statement on X on June 23, Bill Pulte, head of the Federal Housing Finance Agency (FHFA), said his agency will “study the usage of [sic] cryptocurrency holdings as it relates to qualifying for mortgages.”

Homeownership has remained relatively stable over the last 50 years in the US, with around 62% of the population owning homes. However, the number of new applicants has seen a sharp decline in recent years.

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