In a shocking turn of events, Fannie Mae and Freddie Mac have been ordered to consider cryptocurrency as an asset when buying mortgages. Yes, you read that right – your Bitcoin stash could now be your ticket to homeownership!
The decision came after a heated debate between the CEOs of Fannie Mae and Freddie Mac, with Fannie Mae CEO, Sally McLaughlin, arguing that crypto is the future of finance. “We can’t ignore the potential of cryptocurrency any longer. It’s time we embrace the digital revolution and start accepting Bitcoin, Dogecoin, and even Shiba Inu as valid assets for mortgage approval,” said McLaughlin.
Freddie Mac CEO, Bob Johnson, was initially hesitant about the idea, stating, “I’m not sure how I feel about basing mortgage approvals on imaginary internet money. But hey, if it helps us reach our quotas, I guess we’ll give it a shot.”
The news has sparked mixed reactions from the public, with some homeowners excited about the prospect of using their crypto investments to secure a mortgage, while others are skeptical about the volatility of the market. One homeowner, John Smith, exclaimed, “I can’t believe I can finally put my Dogecoin to good use! To the moon, baby!”
However, not everyone is convinced that this new policy will end well. Financial analyst, Dr. Moneybags, warned, “This decision could potentially lead to a housing market crash if the value of cryptocurrency tanks. We could be looking at a real estate crisis of epic proportions.”
Despite the risks, Fannie Mae and Freddie Mac are forging ahead with their crypto-friendly mortgage approvals. So, grab your virtual wallets and start shopping for your dream home with your favorite meme coin. Who knows, maybe one day we’ll be paying our mortgages with NFTs!
