Housing loans News

Coinbase and Better Home & Finance launched a structure that lets borrowers pledge Bitcoin or USDC to fund the cash down payment on a conforming mortgage tied to Fannie Mae-backed loans.

The platform is designed to enable lending, borrowing and yield on native Bitcoin through onchain financial services.

The nationwide RateFi product allows borrowers to count crypto holdings toward mortgage underwriting requirements without selling their assets.

Some lenders are willing to accept Bitcoin and recognize crypto holdings when considering a mortgage application, but issues around risk remain.

The new policy will allow borrowers to use Bitcoin, Ether, crypto ETFs and US dollar-backed stablecoins for asset verification and income estimates without liquidation.

The investment from the stablecoin giant coincides with accelerating institutional interest and Wall Street participation in the crypto-backed loans sector.

Twenty One Capital, backed by Cantor Fitzgerald and Tether, may begin issuing US dollar loans using Bitcoin as collateral.

If passed, the legislation could give more weight to a US housing regulatory agency’s June order to consider certain digital assets for mortgage loan risk assessments.

A group of Senate Democrats has probed Federal Housing Finance Agency director William Pulte over his order to propose how to consider crypto in mortgage applications.

Divine Research has issued 30,000 unbacked USDC loans using Sam Altman’s World ID to verify borrowers, targeting underserved users.

Bitcoin lending is making a quiet comeback with tighter controls, but volatility still threatens sudden liquidations.

Federal Housing Finance Agency director William J. Pulte ordered the two government-sponsored enterprises to prepare to consider crypto for mortgage loan risk assessments.

The head of the FHFA said his agency is considering how Bitcoin is counted in qualifying for a mortgage.

The US Federal Housing Finance Agency is reviewing whether crypto holdings like Bitcoin could be used to qualify for mortgages.

Low-income households with high crypto exposures saw the largest increase in mortgage and auto loan originations and balances, US Treasury research revealed.