21st Century Mortgage Act of 2025

This bill tells Fannie Mae and Freddie Mac to count a borrower’s digital assets (like cryptocurrency) as part of their savings when judging the risk of a single-family mortgage, as long as those assets are held with approved, regulated custodians and don’t have to be converted to dollars first . It defines “digital assets” as value recorded on a secure, distributed ledger, and it excludes non-fungible or unique collectibles and assets that just represent ownership of something else .

To manage risk, Fannie and Freddie must adjust for things like price swings, how easily the asset can be sold, and how much of the borrower’s savings are in digital assets. They also have to review and update these adjustments over time. Any new method for judging digital assets must be approved by their boards and reviewed by the Federal Housing Finance Agency .

• Who is affected | What changes | When
• Homebuyers with digital assets; Fannie Mae, Freddie Mac, and lenders | Digital assets in qualified custody can count toward mortgage reserves; risk adjustments and oversight are required | The text does not state an effective date or timeline