fhfa

ChainCatcher news, according to Jinshi Data reports, the Director of the Federal Housing Finance Agency (FHFA) Pulte has called on Congress to investigate Federal Reserve Chairman Powell, stating that his recent testimony regarding the Federal Reserve headquarters renovation plan in the Senate was "deceptive." Pulte stated, "I request Congress to investigate Powell, to investigate his political bias and the deceptive Senate testimony—these are sufficient to constitute 'just cause' for his removal."Pulte's report on this matter was retweeted by Trump, who stated that Powell should resign immediately. Previously, media reports indicated that the costs of the Federal Reserve headquarters renovation project have been continuously rising and include multiple luxury designs. During last week's Senate hearing, Powell rebutted some of the claims in the reports, stating that they were "misleading and untrue in many respects."

ChainCatcher news, according to Caixin, the Federal Housing Finance Agency (FHFA) has ordered housing loan agencies Fannie Mae and Freddie Mac to consider cryptocurrencies as collateral in the risk assessment for residential mortgages. Several cryptocurrency industry insiders have stated that this means there could be a significant shift in the asset review standards for Americans applying for housing loans, potentially allowing the use of cryptocurrencies as collateral.An industry insider who wished to remain anonymous told Caixin that this is undoubtedly a positive development for the crypto industry, but if this is the case, then the volatility of the cryptocurrency market will directly impact the housing loan market, and the next subprime mortgage crisis will just be a matter of time.

ChainCatcher news, according to Decrypt, the Federal Housing Finance Agency (FHFA) has instructed Fannie Mae and Freddie Mac to begin preparing to accept cryptocurrency as a form of payment related to mortgages. FHFA Director William Pulte stated that this move aligns with the broader vision of the Trump administration to make the U.S. a global cryptocurrency hub.The FHFA found that allowing Fannie Mae and Freddie Mac to consider more types of borrower assets, such as cryptocurrencies, could help them better assess loan risks and expand homeownership for eligible borrowers. Fannie Mae and Freddie Mac now need to determine how cryptocurrencies will be viewed as eligible assets.Pulte did not specify which cryptocurrencies would be accepted. In response, the market reacted mixed, with some praising the move as a victory for the industry, while others criticized the requirement that crypto assets must be held in centralized exchanges.