The National Consumer Law Center (on behalf of its low-income clients) and Consumer Federation of America, in a letter to Federal Housing Finance Agency Director William Pulte, strongly oppose the inclusion of crypto assets in the underwriting of federally insured mortgages. This proposal will expose taxpayers to increased risk of losses, open the door to new forms of predatory and unsafe lending targeted at vulnerable borrowers, and ultimately threaten the safety and soundness of the Enterprises and the broader financial system.
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