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Stock impact report

Fannie Mae Set To Accept Crypto As Collateral For Home Loans For First Time [zero hedge]

Better Home - Class A (BETR) 
Last better home - class a earnings: 11/7 04:05 pm Check Earnings Report
Company Research Source: zero hedge
Fannie Mae Set To Accept Crypto As Collateral For Home Loans For First Time Fannie Mae, the giant government-backed mortgage securitizer, is preparing to accept cryptocurrency as collateral for home loans for the first time, marking a further step in the integration of digital assets into traditional U.S. housing finance, according to the Wall Street Journal . Mortgage lender Better Home & Finance Holding Co. and crypto exchange Coinbase are teaming up to allow home buyers to pledge Bitcoin or the USDC stablecoin to secure a down payment on a Fannie Mae-conforming mortgage. While crypto-backed mortgages have existed in limited forms, Fannie Mae’s involvement—through loans it will purchase and guarantee—could bring such arrangements into the mainstream of the $12 trillion U.S. mortgage market . The Journal has more details: The new mortgage product works like this: A home buyer gets a traditional 15- or 30-year Fannie-backed mortgage from Better. Instead of making a cash down payment, Show less Read more
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