Crypto backed mortgages, Fannie Mae to Accept Crypto-backed Mortgage

Fannie Mae is set to accept crypto-backed mortgages in a new partnership with Better Home & Finance and Coinbase, allowing borrowers to use cryptocurrencies as collateral for down payments without selling their assets. This is a monumental move on both sides. The mortgage industry is on a 30-year low.  This move, prompted by the Federal Housing Finance Agency (FHFA), lets homebuyers use Bitcoin or USDC for 15- or 30-year, Fannie-backed loans.

This is again, a major step for U.S. mortgages, and the inclusion of crypto by Fannie Mae and Freddie Mac is a major milestone in mainstreaming digital asset.