Crypto Assets will be included in the evaluation of mortgage applications in the United States

The largest mortgage financing institutions in the United States are about to undergo a significant transformation as they will begin to consider Crypto Assets as assets of applicants in mortgage application assessments. This initiative marks a major step for digital currency into the mainstream financial system.

Recently, the head of housing affairs in the United States announced that he would instruct the two major mortgage financing companies to include their Crypto Assets investments in the overall wealth assessment when evaluating homebuyers' repayment ability. These two companies, as key players in the housing market, are responsible for purchasing mortgages from banks and setting standards that determine which borrowers' loan applications are accepted.

The introduction of this decision coincides with an increasing number of Americans starting to use digital currencies to purchase real estate, while emerging companies are also helping them utilize their held Crypto Assets for real estate transactions. For a long time, the Crypto Assets market has been pushing regulators in this direction, but this has raised concerns among consumer advocacy groups, who believe that this highly volatile and relatively loosely regulated investment asset is being tied to the housing market, which is crucial to the economy.

A recent survey shows that about 14% of homebuyers plan to sell Crypto Assets to raise funds for a down payment, a significant increase compared to 5% in 2019. This trend reflects the growing influence of encryption in the housing market, especially against the backdrop of a current stagnation in home sales.

Some innovative companies have started to offer services that allow the use of Crypto Assets as collateral to obtain home loans. For example, one company allows investors to deposit an equivalent amount of Bitcoin as collateral, and then provides them with a corresponding amount of cash for purchasing a house. This model enables customers to avoid selling their Crypto Assets and paying capital gains tax, while still being able to leverage the value of their digital assets.

However, this emerging financing method has also raised some concerns. Consumer rights advocates warn that linking highly volatile crypto assets to the housing market may pose risks. They suggest that homeowners should be particularly cautious when considering using home equity to purchase crypto assets, as this could affect housing security.

Nevertheless, some investors have shown a strong interest in this new type of financing method. They believe that it provides a new way to invest in Crypto Assets using existing assets, especially appealing to those who wish to participate in the Crypto Assets market without affecting their daily lives.

Overall, the role of Crypto Assets in the housing market is continuously expanding, reflecting the trend of integration between financial innovation and traditional asset classes. As relevant policies become clearer, we will be better able to assess the long-term impact of this transformation on the entire housing market and financial system.