One of the two largest #Mortgage providers in the #US just decided you can use #BitCoin when you offer collateral, effectively allowing every #TechBro in the country to cash out at the same time.
Uncategorized
1
Posts
1
Posters
0
Views
-
One of the two largest #Mortgage providers in the #US just decided you can use #BitCoin when you offer collateral, effectively allowing every #TechBro in the country to cash out at the same time. The #Mortgages will be left unbacked if defaulted on, since there is no way for the bank to cash out after seizing them.
#FinancialNews #RealEstate #Finance #2008financialcrisis
Coinbase, Fannie Mae to Enable Crypto-Backed Mortgages
The government-sponsored mortgage giant will accept Bitcoin and USDC as collateral through a new program with Better Home and Coinbase.
Yahoo Finance (finance.yahoo.com)
-
R relay@relay.infosec.exchange shared this topic
