TechFlow reports that on March 26, according to The Wall Street Journal, Fannie Mae—the U.S. mortgage giant—will for the first time accept cryptocurrency-backed mortgages. Mortgage lender Better Home & Finance and U.S.-based cryptocurrency exchange Coinbase have jointly launched a new mortgage product enabling homebuyers to use their held cryptocurrencies as collateral to apply for Fannie Mae-guaranteed mortgages, without needing to sell their crypto assets to cover the down payment.
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