Buying a home can be expensive. Until now, the roughly 15% of Americans who invest in digital assets haven’t been able to include crypto when applying for a mortgage, but that could soon change. A June directive issued by the Federal Housing Finance Agency ordered mortgage giants Fannie Mae and Freddie Mac to develop proposals to consider crypto as an asset in single-family home risk assessments. CNBC explores the pros and cons of this directive and what will change if it is enacted.
Chapters:
0:00 Introduction
2:20 Chapter 1: FHFA's crypto proposal
6:43 Chapter 2: Housing market risks
9:36: Chapter 3: Will it become law?
Hosted by: Talia Kaplan
Produced by: Talia Kaplan, Christian Nunley
Animation: Jason Reginato
Senior Managing Producer: Jordan Smith
Additional Footage: Getty Images
Additional Sources: Federal Reserve Bank of St. Louis, National Association of Realtors
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to level up your AI skills? Sign up for Smarter by CNBC Make It's new online course, How To Use AI To Communicate Better At Work. Get specific prompts to optimize emails, memos and presentations for tone, context and audience. Sign up today: https://cnb.cx/47ELu8O
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
Could Crypto-Backed Mortgages Put The U.S. Housing Market At Risk?
Chapters:
0:00 Introduction
2:20 Chapter 1: FHFA's crypto proposal
6:43 Chapter 2: Housing market risks
9:36: Chapter 3: Will it become law?
Hosted by: Talia Kaplan
Produced by: Talia Kaplan, Christian Nunley
Animation: Jason Reginato
Senior Managing Producer: Jordan Smith
Additional Footage: Getty Images
Additional Sources: Federal Reserve Bank of St. Louis, National Association of Realtors
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to level up your AI skills? Sign up for Smarter by CNBC Make It's new online course, How To Use AI To Communicate Better At Work. Get specific prompts to optimize emails, memos and presentations for tone, context and audience. Sign up today: https://cnb.cx/47ELu8O
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
Could Crypto-Backed Mortgages Put The U.S. Housing Market At Risk?