Fannie Mae's New Crypto Mortgage Program Explained: The $200,000 Collateral Problem

Fannie Mae's New Crypto Mortgage Program Explained: The $200,000 Collateral Problem

The post Fannie Mae’s New Crypto Mortgage Program Explained: The $200,000 Collateral Problem appeared first on 24/7 Wall St..On a recent episode of How to Money, co-host Joel Larsgaard summed up Fannie Mae’s new crypto-as-collateral mortgage program in five words: “This seems incredibly, it feels like a house of cards, man.” He owns crypto himself. He still thinks “it’s a bad idea for lenders to be doing this.” Here is the program in plain terms…