For the first time, Fannie Mae will offer crypto-backed mortgages, letting buyers leverage Bitcoin and other digital currencies to secure a loan, The Wall Street Journal reported Thursday.
The program is being rolled out with Coinbase and Better Home & Finance to simplify the process for crypto holders.
Mortgage giants Fannie Mae and Freddie Mac have been instructed by the US Federal Housing Finance Agency to develop proposals that include crypto assets in loan underwriting. The initiative emphasizes verified crypto on US exchanges, risk adjustments for volatility, and formal approval processes before implementation.
This is a developing story. Please check back for further updates.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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