New Lummis Bill Would Back Effort to Ensure Crypto Assets Can Justify U.S. Mortgages

New Lummis Bill Would Back Effort to Ensure Crypto Assets Can Justify U.S. Mortgages

The digital assets industry's most reliable U.S. Senate ally, Cynthia Lummis, has introduced her latest crypto bill, which would ensure mortgage borrowers could use their cryptocurrency holdings to help secure their loans.Last month, Federal Housing Finance Agency Director William Pulte directed government-backed mortgage giants Fannie Mae and Freddie Mac to come up with proposals detailing how they can include crypto holdings to underpin a mort…

US Senator's Mortgage Bill Recognizes Crypto in Loan Eligibility

U.S. Senator Cynthia Lummis (R-WY) is introducing a mortgage reform bill to recognize crypto assets in home loan eligibility assessments

New Senate Bill Would Recognize Cryptocurrency as Mortgage Collateral

Sen. Cynthia Lummis (R-WY) has introduced a bill to codify the directive made by Bill Pulte, director of the Federal Housing Finance Agency, that would allow cryptocurrency to be considered as an asset for mortgages delivered to the government-sponsored enterprises (GSEs).

Digital Assets Such As XRP Are Being Written Into U.S. Mortgage Law

A new Senate bill introduced by Senator Cynthia Lummis (R-WY) aims to bridge traditional finance and digital assets. The 21st Century Mortgage Act would modernize mortgage eligibility by requiring government-backed entities, such as Fannie Mae and Freddie Mac, to consider digital assets, such as Bitcoin, Ethereum, and XRP, when evaluating single-family home loan applications, potentially reshaping access to homeownership. This bill has not gone …

US Senate bill seeks to include crypto in mortgage approval process – MAXBIT

If passed, the legislation could give more weight to a US housing regulatory agency’s June order to consider certain digital assets for mortgage loan risk assessments. Wyoming Senator Cynthia Lummis has introduced a law that could codify an order from a US housing regulatory agency for mortgage purchasers to consider digital assets in applications. In...