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Fannie Mae to Accept Cryptocurrency as Collateral for Mortgages
On March 26, The Wall Street Journal reported that Fannie Mae will accept cryptocurrency as collateral for home loans for the first time. Mortgage company Better Home & Finance, in partnership with U.S. cryptocurrency exchange Coinbase Global, will launch a new mortgage product on Thursday that allows homebuyers to use cryptocurrency as collateral when applying for a mortgage, without needing to sell their crypto to make a cash down payment. This mortgage will be backed by Fannie Mae.