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.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BETR:
- Aurora Acquisition Adds Independent Director to Audit Committee
- Better, HighTechLending enter partnership to expand home equity loan access
- Execution-Dependent Growth Potential Warrants Hold Amid Strong Momentum and Tinman AI Adoption
- Better Home & Finance reports Q4 revenue $44.31M, consensus $40.71M
- Better Home & Finance sees Q1 loan volume $1.4B-$1.5B