Discussion

• @mikeisaac Rat King on x

  imagining staring at my home equity calculator every time bitcoin is cut in half on a six month basis and trying not to kms [image]

• @devahaz Deva Hazarika on x

  This is just a standard Fannie Mae backed mortgage, it's just that a different firm is giving people loans for down payments backed by their crypto [image]

• @shanaggarwal Shan Aggarwal on x

  game-changer for crypto holders who are looking to buy a house. for the tens of millions of Americans who hold digital assets, crypto-backed mortgages create a way to get housing in a market where access has only gotten harder.

• @sentoomey Pat Toomey on x

  For working families, homeownership has only gotten tougher. Coinbase has a smart new product—expanding access to homeownership without compromising standards. Our financial system needs to evolve with how people actually build wealth, today. https://x.com/...

• @vishal_better Vishal Garg on x

  Thank you to the @coinbase team and @FannieMae for partnering with @tinmanAI to make the American Dream more affordable and accessible for all homebuyers. Over 70 million Coinbase customers will now have access to $betr mortgage products in a first of its kind integrated offering

• @coinbase @coinbase on x

  Get your house and keep your crypto. Crypto-backed mortgages are here - increasing access to homeownership for millions of Americans. Buy a home without converting your portfolio by using BTC or USDC as collateral for your down payment. Offered by Better, powered by Coinbase. [im…

• @yugacohler @yugacohler on x

  Huge launch from Coinbase today. Genuinely wish this product was available ~6 months ago when I was house-hunting.

• @emiliemc Emilie Choi on x

  Until now, if you were a crypto holder you had to sell your crypto to get a mortgage. That meant losing your exposure, and a potential tax hit. Now you can use your crypto as collateral to fund your down payment without selling.

• @coinbase @coinbase on x

  → Keep your assets and keep earning rewards - no forced selling → Same backing of Fannie Mae as other conforming mortgages → Coinbase One exclusive - if approved for a loan, members will be eligible for a rebate worth 1% of the mortgage value, capped at $10,000, to cover

• @tyler_did_it @tyler_did_it on x

  Now not only will you lose 80% of your crypto portfolio value in bear markets, you'll also lose your house!

• @moreperfectus @moreperfectus on x

  BREAKING: Fannie Mae says it will start accepting crypto-backed mortgages, per @WSJ. The mortgage-finance giant will let home buyers pledge their crypto holdings when getting a mortgage. Fannie is backed by the government and overseen by the Federal Housing Finance Agency.

• @byzgeneral @byzgeneral on x

  This is the strangest bear market that crypto has ever had.

• @luigidemeo Luigi D'Onorio DeMeo on x

  Why would somebody post $125k of USDC to get a LOAN of $100k USD. Are the stablecoin ‘rewards’ really yielding higher than morgage rates? The USDC isn't even FDIC/SIPC protected... [image]

• @maxbranzburg Max Branzburg on x

  This is a big deal for crypto in America Homeownership is a core enabler of economic freedom, but it has become harder to achieve You can now get a crypto-backed mortgage on Coinbase - making homeownership more accessible and increasing the power of crypto for everyday life

• @tinmanai @tinmanai on x

  Through our partnership with @coinbase , we're introducing the first crypto-backed mortgage, guaranteed by @FannieMae. The crypto-backed mortgage is a new bridge between crypto and the real world, unlocking a new path to homeownership for buyers who don't want to liquidate

• @peter_atwater Peter Atwater on x

  There comes a point in every cycle when regulators say “Just do whatever the hell you feel like” in order to keep the party going...

• @brian_armstrong Brian Armstrong on x

  Get a mortgage backed by Bitcoin or USDC

• @jashead @jashead on bluesky

  Serious mistake about to be committed.  [embedded post]

• @dklawhorn D.K. Lawhorn on bluesky

  They're fast tracking 2008 recession, only more stupid and with a much worse fallout.  [embedded post]

• @theserfstv @theserfstv on bluesky

  This crash is going to be so much worse than the great depression [embedded post]

• @thegatesofmel.blacksky.app @thegatesofmel.blacksky.app on bluesky

  This is fine, right chat? [embedded post]

• @dburbach David Burbach on bluesky

  The homeowner gets a loan for the down payment with their crypto as collateral.  WSJ does not explain if borrower defaults but crypto value has gone down since origination, does the lender or does Fannie eat the loss? [embedded post]

• @timhenke @timhenke on bluesky

  I was wondering how they were going to create the sequel to the housing crisis  —  A little bit artificial, kind of an idiot plot, but at least they found something [embedded post]

• @risettemd Amber on bluesky

  Hey Gen Z wanna find out what 2008 was like [embedded post]

• @hammancheez @hammancheez on bluesky

  This is what all of the bribes and all of the golden prizes and all of the flattery and all of the obsequiousness has been working towards all this time from the tech bros [embedded post]

• @ryanbeckwith Ryan Teague Beckwith on bluesky

  Somewhere a Hollywood casting agent already calling the cast of “The Big Short” to gauge interest in a sequel www.wsj.com/real-estate/...