Bitcoin Accepted as Collateral by Fannie Mae

Fannie Mae to Accept Bitcoin for Mortgage Down Payments

• Fannie Mae is set to accept Bitcoin and other cryptocurrencies as part of mortgage down payments.
• This initiative allows crypto holders to pledge digital assets without converting them to US dollars, easing access to traditional housing finance.
• The program is being launched in collaboration with Coinbase and Better Home & Finance.
• The US Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to draft plans for using crypto assets in mortgage underwriting.
• Non-bank lender Newrez has also begun accepting certain crypto holdings for mortgage qualifications.

Fannie Mae’s decision to accept Bitcoin for mortgage down payments reflects a shift towards integrating digital assets into traditional finance, potentially expanding homeownership opportunities amid rising housing affordability concerns.