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Reply to "Banks and lending on crypto-someone teach me "
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[quote=Anonymous]Hi I work as a lawyer in mortgages--basically the regulator of Fannie Mae and Freddie Mac said they should consider crypto (certain ones of them e.g. Bitcoin and a few others) as assets when underwriting. Fannie and Freddie don't lend but they buy loans from the lenders (your bank, your mortgage company, etc.). Accordingly, Fannie and Freddie set the standard so those standards are passe on the originating institution in their guidelines. Therefore, if F/F say to consider it, your bank will consider it--but only as a reserve asset like they would consider stocks or cash in the bank. I hope this helps. [/quote]
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