I guess interest rates on bitcoin loans are about to go down.

This is a disgusting trap. Fannie and Freddie are ticking bombs.

I would never ever trust one of those corporations with my bitcoin collateral. But they're going to set it up where they're in complete control, aren't they??

Next crisis

'Shitcoin backed mortgages default due to rigpull'

Oh yeah my mortgage is backed by my cumrocket...

nostr:nevent1qqs2su52q6d5nkhtk4p6nvul0l0lzsuw8rkd9zrzf22hwr7ll0aw7lgpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczyrd4q65fjl7amjnustcqx68hnxaqt48fy0lzzlsdufh897a0kxrkxqcyqqqqqqgltnj8s

nostr:nprofile1qqsrmkj9qz9q8ywhjvlp4e7v8wzyhlv3eykaalg02h8x4lgz2am09kcpz9mhxue69uhkummnw3ezumrpdejz7qghwaehxw309aex2mrp0yhxummnw3ezucnpdejz78t8f35 It seems like they may be able to count “crypto” as an asset to qualify for a mortgage. This is usually just an amount of reserves you need on top of income requirements to qualify. In the past “crypto” was not considered an asset and could not help you qualify. I don’t believe that Freddie or Fannie would hold custody. But I’m just a physical therapist so what do I know?

This isn’t going to be what you think. Right now to use crypto for assets - think cash to close - you have to convert it to cash to include it in your loan profile. FNMA & FHLMC are very crypto unfriendly.

Some people also need reserves. What this means is that if you need reserves you won’t have to convert them into cash. You can hold your crypto in an account that can be verified & not touch it if it’s for reserves.

If it’s for cash to close you’ll have to convert, but you were going to do that anyway.