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-0.000160148857428262 0.00102383102239153 0.000245520038236322 0.00114222901037337 0.00254991877274876 0.00139771940549254 0.00295558766841335 -0.000471722510012493
Stock impact report

Fannie Mae to accept crypto-backed mortgages: WSJ [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
The program, created in partnership with Better Home & Finance and Coinbase Global, enables buyers to leverage digital assets like bitcoin instead of converting them into cash for a down payment. “A lot of those crypto owners and investors have not been able to become homeowners,” Coinbase's head of consumer and business products Max Branzburg told the WSJ. “We haven't really had the best way to service that need.” The #1 podcast for emerging tech stocks, Bitcoin, and weekly news analysis. Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts. Under the structure, borrowers would still take out a standard 15- or 30-year mortgage eligible for Fannie Mae backing, but would pair it with a separate loan secured by their cryptocurrency, per the WSJ. This approach is designed to appeal to investors who prefer to keep their positions intact, whether to avoid tax consequences or remain exposed to crypto markets. Fannie Mae operates under over Show less Read more
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