US Lender Newrez to Recognize Crypto Holdings in Mortgage Qualification
Newrez will soon accept eligible cryptocurrency holdings as qualifying assets for its non-agency mortgage products starting in February.Summary
US lender Newrez is set to begin treating eligible cryptocurrency holdings as qualifying assets in its mortgage underwriting process for non-agency products, effective in February. This move aims to broaden home loan access for crypto owners, particularly younger investors, as about 45% of Gen Z and Millennial investors own cryptocurrency, according to Newrez Chief Commercial Officer Leslie Gillin. Initially, Newrez will recognize Bitcoin (BTC), Ether (ETH), spot ETFs backed by these assets, and US dollar-backed stablecoins, provided they are held with US-regulated exchanges, fintech platforms, brokerages, or nationally chartered banks. The policy notes that while crypto valuations may be adjusted for volatility, borrowers must still make payments in US dollars. This development occurs amid broader regulatory discussions, including a June 2025 directive from the US Federal Housing Finance Agency (FHFA) for Fannie Mae and Freddie Mac to examine crypto asset consideration, and Senator Cynthia Lummis's proposed 21st Century Mortgage Act.
(Source：Cointelegraph)