Want to use crypto to get a mortgage? It may get a lot easier.
00:00 Speaker A
right now, you can use crypto when you’re buying a house, but it has to be liquidated. So for down payment, it has to be liquidated. For reserves, it has to be liquidated. What Culti has called for, and this isn’t effective yet, but he’s called for Fanny and Freddie to look at how they can use it as reserves without liquidating it, which is critical, because every crypto person I know never wants to liquidate it.
00:45 Speaker B
Jennifer, I’m just curious though why traditionally, and you’ve been in the business a long time, would crypto have been excluded from underwriting frameworks? I mean traditionally, was it because folks thought, listen, it’s it’s too volatile, there’s not enough regulation? What were the…
