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• Fannie Mae backed mortgages are now available using Bitcoin as collateral for the down payment.

• The product is offered through a partnership between Federal National Mortgage Association, Coinbase and Better Mortgage.

• This marks the first time a government backed home loan structure supports cryptocurrency as part of the funding mix.

For investors watching Federal National Mortgage Association (OTCPK:FNMA), this move lands at a time when the stock trades around $6.70 and has seen sizeable swings in recent years. The share price is down 5.4% over the past week, 18.8% over the past…