Core Viewpoint - The FHFA has directed Fannie Mae and Freddie Mac to prepare for recognizing cryptocurrency as an asset for mortgage applications, aligning with the vision of making the U.S. a "cryptocurrency capital" [1][2] Group 1: Regulatory Changes - The directive indicates a significant shift in asset verification standards for mortgage qualification, potentially increasing access for buyers with cryptocurrency assets [1][3] - The FHFA's move is seen as a response to the declining mortgage application numbers amid a housing crisis in the U.S. [2][3] Group 2: Market Impact - Following the announcement, Bitcoin reached a historic high of $108,000, while Ethereum and Solana experienced slight declines [2] - The recognition of cryptocurrency could open up substantial federal loan opportunities, as evidenced by the 760,000 personal housing loans worth $230 billion issued in 2024 [3] Group 3: Challenges and Considerations - The volatility of cryptocurrencies poses risks, with significant price fluctuations complicating the risk assessment models for loans backed by such assets [4] - Experts caution that borrowers using cryptocurrencies as collateral must maintain thorough transaction records due to the potential for rapid changes in net worth [4]

Core Viewpoint - The listing plans of Fannie Mae and Freddie Mac are generating significant attention and confusion on Wall Street, with uncertainties surrounding the implementation and potential impacts of these plans following their government takeover after the 2008 financial crisis [1] Group 1: Government Conservatorship Complexity - Fannie Mae and Freddie Mac were placed under government conservatorship during the 2008 financial crisis, receiving approximately $187.5 billion in support to prevent a housing market collapse [3] - The current financial status of both institutions has improved significantly, with ample cash flow and good operating conditions [3] - New guidelines from the U.S. Treasury and the Federal Housing Finance Agency have granted the Treasury final approval authority for ending the conservatorship, aiming to ensure an orderly transition away from government control [3] - The process of ending conservatorship involves complex legal procedures, capital restructuring plans, and regulatory framework adjustments, each of which could impact the timeline for implementation [3] Group 2: Market Reaction and Risk Assessment - The stock prices of Fannie Mae and Freddie Mac have experienced significant volatility, with increases of 570% and 470% respectively since 2025, reflecting strong market reactions to privatization expectations [3] - Following the election of Trump, the stock prices surged by 143% and 116% within a month, indicating concentrated investment risks [3] - Moody's recently downgraded the long-term senior unsecured debt ratings of both institutions from the highest level to the second highest, with a stable outlook, reflecting a relative weakening of government support capabilities [4] - Fannie Mae and Freddie Mac account for approximately 50% of the U.S. residential real estate market, with this proportion exceeding 80% since the subprime crisis, holding and guaranteeing assets totaling about $5.5 trillion [4] - Any structural changes in these institutions could impact mortgage rates and, consequently, the stability of the entire real estate market [4]

"我正认真考虑让房利美和房地美上市。我会和财政部长斯科特·贝森特、商务部长霍华德·卢特尼克、联 邦住房金融局局长威廉·普尔特等人商谈，并将在不久的将来做出决定。"特朗普在其自创的社交平台上 发帖称，房利美和房地美经营状况良好，"时机似乎已经成熟。敬请期待！" 《华盛顿邮报》称，特朗普此番言论显示出白宫对于"两房"未来的关注再次升温。这两家机构共同为美 国大约一半的现有住房贷款提供担保。自2008年次贷危机以来，"两房"一直处于美政府控制之下。外界 普遍预期，它们将在特朗普第二任期内退出联邦托管。 【环球网报道 记者 张倩】据美国《华盛顿邮报》、Axios新闻网等媒体报道，美国总统特朗普当地时间 21日晚间表示，正在"认真考虑"让美国两大住房抵押贷款机构房利美和房地美（简称"两房"）上市。 《华盛顿邮报》称，此番表态为外界理解白宫如何处理美国住房市场这一重要组成部分提供了新视角。 Axios新闻网同时也援引分析警告称，动摇"两房"结构或将对美国经济构成风险，至少会进一步提高美 国抵押贷款利率。 报道继续称，有关上述消息的具体实施措施尚不明确。到目前为止，无论是特朗普本人，还是贝森特或 普尔特等主要决策者都尚未透 ...