Fannie Mae is officially accepting crypto backed mortgages for the first time. Bitcoin holders can now pledge their holdings as a reserve asset instead of selling to qualify for a home loan. The catch is your BTC has to be on a U.S. regulated exchange like Coinbase, so cold storage does not count, and you will still need cash for the actual down payment. This is a major step toward Bitcoin being treated like any other legitimate financial asset in the housing market.
๐ https://ca.investing.com/news/cryptocurrency-news/fannie-mae-to-accept-cryptobacked-mortgages-for-first-time-93CH-4534552
๐ https://ca.investing.com/news/cryptocurrency-news/fannie-mae-to-accept-cryptobacked-mortgages-for-first-time-93CH-4534552
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