Fannie Mae (FNMA) will soon accept crypto-backed mortgages, a new product from Better Home & Finance (BETR) and Coinbase (COIN) that allows home buyers to pledge crypto when making a down payment, The Wall Street Journal’s Nicole Friedman and Veronica Dagher report. The goal is to tap in to demand from potential home buyers who don’t want to use their cash savings for a down payment and don’t want to sell their crypto investments, according to the report.
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