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Fannie Mae to Accept Crypto-backed Mortgages for the First Time

Fannie Mae to Accept Crypto-backed Mortgages for the First Time

Fannie Mae, the government-backed cornerstone of the U.S. mortgage market, is preparing to accept crypto-backed mortgages for the first time, marking a significant step in the integration of digital assets into mainstream housing finance. The move, reported by the Wall Street Journal, signals not only growing institutional acceptance of cryptocurrencies but also the potential reshaping of mortgage underwriting standards across the industry.

The new offering is being introduced through a partnership between mortgage originator Better Home & Finance and crypto exchange Coinbase Global. The product allows borrowers to pledge holdings such as bitcoin or the stablecoin USDC as collateral tied to their down payment, rather than liquidating…

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