The US intends to allow cryptocurrencies to be used as mortgage assets for two houses and the market is worried about the subprime mortgage crisis

Odaily News The Federal Housing Finance Agency (FHFA) of the United States has ordered housing loan institutions Fannie Mae and Freddie Mac to consider using cryptocurrencies as collateral assets in residential mortgage risk assessments. Many people in the cryptocurrency industry said that this means that the asset review standards for Americans applying for housing loans in the future may usher in a major change, and may allow the use of cryptocurrencies as collateral assets.
An industry insider who wishes to remain anonymous told Caixin that this is undoubtedly good news for the crypto industry, but if this is true, then the volatility of the cryptocurrency market will directly affect the housing loan market, and it is only a matter of time before the next subprime mortgage crisis breaks out. (Caixin.com)