The 21st Century Mortgage Act of 2025 requires the two largest government-sponsored mortgage companies—Fannie Mae and Freddie Mac—to recognize digital assets (such as cryptocurrency) as part of a borrower's financial reserves when evaluating mortgage applications. Under current rules, lenders typically require borrowers to convert crypto holdings to U.S. dollars before counting them as reserves; this bill would allow borrowers to keep their digital assets in their original form if they're held through a regulated third-party custodian or secure multi-party arrangement. The bill requires both companies to adjust for risks like market volatility and over-concentration in a single digital asset, and to regularly review their methodologies. Before implementing any system to evaluate digital assets, both companies must get approval from their boards of directors and review from the Federal Housing Finance Agency. This change would primarily benefit borrowers who hold significant cryptocurrency holdings and want those assets counted as part of their down payment reserves.
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