Newrez to allow crypto mortgage qualification without liquidation
“The global crypto market has surged past $3 trillion, and an estimated 45% of Gen Z and Millennial investors — many of whom are future homebuyers — own crypto,” Leslie Gillin, Newrez’s chief commercial officer, said in a statement.
“An increasing number of consumers include crypto in their investment portfolios, while major financial institutions are deepening their involvement in crypto assets, supported by key regulatory developments,” added Baron Silverstein, president of Newrez.
On the regulatory front, Federal Housing Finance Agency (FHFA) Director Bill Pulte said in June that Fannie Mae and Freddie Mac will begin preparing for the use of crypto in single-family mortgages.
Proponents argue that assets…
