Global Stock News

Crypto mortgages, backed by Fannie Mae, will soon be available

Crypto mortgages, backed by Fannie Mae, will soon be available

For those who prefer to use cryptocurrency and are looking to buy a home, there’s good news.

In March, Fannie Mae announced that it will start accepting crypto-backed mortgages as Better Home & Finance Holding Co. plans to roll out a program this year in partnership with crypto trading platform Coinbase. It’s the first one backed by the congressionally chartered, shareholder-owned company that provides stability and affordability to the U.S. housing market.

Former U.S. Sen. Pat Toomey hailed the move as a way to make homeownership easier for first-time buyers.

“Pennsylvania families know the path to homeownership has never been easy,” Toomey, an Upper Milford Township resident who represented the Lehigh Valley as a member of the…

Source link

Share this article

Scroll to Top