Mortgage giant Fannie Mae to accept Bitcoin and crypto as collateral for home loans
Crypto Briefing
Fannie Mae will begin accepting Bitcoin and other cryptocurrencies as collateral for home loans through a new program.Summary
Mortgage giant Fannie Mae is launching a program that will allow buyers to use Bitcoin and other digital currencies as collateral for home loans, according to The Wall Street Journal. This initiative is being developed in collaboration with Coinbase and Better Home & Finance to streamline the process for cryptocurrency holders. Furthermore, the US Federal Housing Finance Agency has directed both Fannie Mae and Freddie Mac to create proposals that incorporate crypto assets into loan underwriting, emphasizing the use of verified crypto on US exchanges, appropriate risk adjustments for volatility, and formal approval protocols prior to full implementation.
(Source：Crypto Briefing)