Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

US Lender Newrez To Accept Crypto Holdings In Mortgage Approval [zero hedge]

Rithm Capital Corp. (RITM) 
Company Research Source: zero hedge
US Lender Newrez To Accept Crypto Holdings In Mortgage Approval Authored by Nate Kostar via CoinTelegraph.com, Newrez plans to treat eligible cryptocurrency holdings as qualifying assets in its mortgage underwriting process, a move that could broaden access to home loans for crypto holders. The change is expected to take effect in February across the lender’s non-agency products, covering home purchases, refinancings and investment properties. While borrowers can already use assets such as stocks and bonds in underwriting, crypto holders have typically been required to sell their positions. At launch, Newrez said it will recognize Bitcoin, Ether, spot exchange-traded funds (ETFs) backed by those assets, and US dollar-backed stablecoins. The crypto assets must be held with US-regulated crypto exchanges or fintech platforms, brokerages or nationally chartered banks, the company said. Under the policy, cryptocurrency holdings considered in underwriting may have valuations adjusted to ref Show less Read more
Impact Snapshot
Event Time:
RITM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for RITM alerts
Opt-in for
RITM alerts

from News Quantified
Opt-in for
RITM alerts

from News Quantified