21st Century Mortgage Act of 2025

This bill mandates that government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac incorporate digital asset holdings into mortgage loan risk assessments. It defines eligible digital assets as fungible, cryptographically-secured representations of value on a distributed ledger, held under qualified custodial arrangements. These digital assets can be included in a borrower's financial reserves for a mortgage without needing prior conversion to U.S. dollars. The bill also requires GSEs to implement risk adjustments for market volatility, liquidity, and asset concentration.