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-0.000861008610086017 -0.000799507995079923 0 0.00147601476014766 -0.00113776137761379 -0.00679581795817952 -0.00116851168511684 -0.00498585485854857
Stock impact report

Coinbase Powers First Crypto-Backed Conforming Mortgages [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Bitcoin or USDC as collateral for a Fannie Mae-backed home loan without liquidating their positions. The product plugs directly into the $12 trillion U.S. residential mortgage market, not as a niche private offering, but as a GSE-conforming instrument backed by the same federal infrastructure that underwrites more than half of American home purchases. The surface headline is historic. The mechanism underneath it is where the real trade-off lives. BTC is discounted to 40% of market value for collateral purposes; USDC is discounted to 80%. A borrower pledging $100,000 in Bitcoin receives $40,000 in usable down payment credit, a haircut that makes the math work for the GSEs but demands significant overcollateralization from the borrower. The question this article answers: what does it actually take to use crypto to buy a house under this framework, and what does the product's existence signal about where institutional mortgage infrastructure is heading? Key Takeaways: Policy Tr Show less Read more
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