The Federal Housing Finance Agency (FHFA) ordered Fannie Mae and Freddie Mac to formally recognize cryptocurrency held on U.S.-regulated exchanges as potential assets in mortgage loan risk assessments, marking a significant shift in federal mortgage lending policy under the Trump administration.
Donald TrumpWilliam J. PulteFannie MaeFreddie MacFederal Housing Finance Agencycryptomortgagefinancial-captureregulatory-innovation
Treasury Secretary Henry Paulson announces that Fannie Mae and Freddie Mac, the government-sponsored enterprises backing $5 trillion in home mortgages, will be placed into conservatorship under the newly created Federal Housing Finance Agency. The seizure represents the largest government …
New Century Financial Corporation, the nation’s second-largest subprime mortgage lender, files for bankruptcy protection after its stock loses 90 percent of its value in weeks, marking the beginning of the subprime mortgage crisis. The company had originated $60 billion in subprime loans in …
New Century FinancialBrad MorriceKPMGWall Street investment banksFannie Mae+1 morehousing-crisissubprime-mortgagesbankruptcyregulatory-failurehousing