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Armando Falcon on the FHFA’s move toward crypto mortgages

It’s been just over a week since Federal Housing Finance Agency (FHFA) Director Bill Pulte directed Fannie Mae and Freddie Mac to start preparing for the use of cryptocurrency in single-family mortgages.

With limited guidance beyond the FHFA’s directive, mortgage originators and industry experts are working to assess how cryptocurrency could be applied to mortgages. They’re evaluating potential use cases, volatility risks, collateral pricing and implications for the underwriting process.

Among these experts is Armando Falcon, chairman and CEO of Falcon Capital Advisors and the former director of the Office of Federal Housing Enterprise Oversight (OFHEO), now details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com