Fannie Mae Set To Accept Crypto As Collateral For Home Loans For First Time

Fannie Mae, the giant government-backed mortgage securitizer, is preparing to accept cryptocurrency as collateral for home loans for the first time, marking a further step in the integration of digital assets into traditional U.S. housing finance, according to the Wall Street Journal. Mortgage lender Better Home & Finance Holding Co. and crypto exchange Coinbase are teaming up to allow home buyers to pledge Bitcoin or the USDC stablecoin to secure a down payment on a Fannie Mae-conforming mortgage. While crypto-backed mortgages have existed in limited forms, Fannie Mae’s involvement—through loans it will purchase and guarantee—could bring such arrangements into the…