Why a $778 Billion Mortgage Lender Is Taking Bitcoin and Ethereum Seriously Now

Decrypt01-21 19:16

In brief Newrez will begin recognizing Bitcoin and Ethereum for mortgages. That is, if the digital assets are held in a centralized fashion. The company will also apply a haircut to the value of the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2605348707?lang=en_US&edition=fundamental","thumbnail":"https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/05/Bitcoin-Ethereum-decrypt-style-01-gID_7.png@webp","is_english":true,"pubTime":"2026-01-21 19:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2605348707","market":"nz","top_or_hot":-1,"title":"Why a $778 Billion Mortgage Lender Is Taking Bitcoin and Ethereum Seriously Now","media":"Decrypt","content":"<div>\n<p>In brief\nNewrez will begin recognizing Bitcoin and Ethereum for mortgages.\nThat is, if the digital assets are held in a centralized fashion.\nThe company will also apply a haircut to the value of the ...</p>\n\n<a href=\"https://decrypt.co//355280/why-778-billion-mortgage-lender-taking-bitcoin-ethereum-seriously\">Source Link</a>\n\n</div>\n","source":"decrypt_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why a $778 Billion Mortgage Lender Is Taking Bitcoin and Ethereum Seriously Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy a $778 Billion Mortgage Lender Is Taking Bitcoin and Ethereum Seriously Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-21 19:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://decrypt.co//355280/why-778-billion-mortgage-lender-taking-bitcoin-ethereum-seriously><strong>Decrypt</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In brief\nNewrez will begin recognizing Bitcoin and Ethereum for mortgages.\nThat is, if the digital assets are held in a centralized fashion.\nThe company will also apply a haircut to the value of the ...</p>\n\n<a href=\"https://decrypt.co//355280/why-778-billion-mortgage-lender-taking-bitcoin-ethereum-seriously\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETHT","symbol_name":"ProShares Ultra Ether ETF","start_time":0,"source_url":"https://decrypt.co//355280/why-778-billion-mortgage-lender-taking-bitcoin-ethereum-seriously","article_id":"2605348707","we_media_id":null,"thumbnails":["https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/05/Bitcoin-Ethereum-decrypt-style-01-gID_7.png@webp"],"rights":{"source":"decrypt_highlight","url":"https://decrypt.co//355280/why-778-billion-mortgage-lender-taking-bitcoin-ethereum-seriously","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2605348707","pubTimestamp":1768994173,"columns":[],"sourceInfo":{"source_id":"decrypt_highlight","name":"Decrypt"},"weMediaInfo":null,"summary":"Younger Americans may find it increasingly difficult to afford a home, but Newrez thinks Bitcoin and Ethereum could help change that.","collect":0,"end_time":0,"defaultTopTitle":"decrypt.co","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETHT":"ProShares Ultra Ether ETF","EETH":"以太币期货ETF-ProShares","ETCO":"Grayscale Ethereum Covered Call ETF","YETH":"Roundhill Ether Covered Call Strategy ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF","EZET":"以太坊ETF-Franklin","ETHU":"2倍以太币期货ETF-Volatility Shares","FETH":"以太币ETF-Fidelity","QETH":"以太坊ETF-Invesco Galaxy","ETHV":"以太坊ETF-VanEck","ETHW":"以太坊ETF-Bitwise","BTF":"比特币&以太币期货ETF-CoinShares","SETH":"1倍做空以太币期货ETF-Proshares","ETH":"低成本以太坊ETF-Grayscale","ETHA":"以太坊ETF-iShares","ETHD":"ProShares UltraShort Ether ETF","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","ETHE":"最大以太坊ETF-Grayscale","ETHI":"Defiance Leveraged Long Income Ethereum ETF"},"translate_title":"为什么一家价值7780亿美元的抵押贷款机构现在认真对待比特币和以太币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETU":0.6,"ETHA":0.6,"ETHT":0.6,"ETHW":0.6,"ETQ":0.6,"QETH":0.6,"EZET":0.6,"FETH":0.6,"ETHU":0.6,"ETHE":0.6,"ETHD":0.6,"BTF":0.6,"ETHV":0.6,"ETHI":0.6,"ETCO":0.6,"EETH":0.6,"SETH":0.6,"YETH":0.6,"ETH":0.6},"content_text":"In brief\nNewrez will begin recognizing Bitcoin and Ethereum for mortgages.\nThat is, if the digital assets are held in a centralized fashion.\nThe company will also apply a haircut to the value of the cryptocurrencies, citing volatility.\nYounger Americans may find it increasingly difficult to afford a home, but Newrez, a national wholesale mortgage lender, thinks Bitcoin and Ethereum could change that.The firm—which serviced a $778.3 billion portfolio of 3.7 million loans, as of last year—recently signaled that it would begin assessing both cryptocurrencies for mortgage qualification. Last week, it billed itself as the first major provider of mortgages in the U.S. to do so.That means the company intends to view Bitcoin and Ethereum as reserves that a homeowner could theoretically dip into to meet their mortgage obligations. Typically, applications ask prospective borrowers to report liquid assets like cash, as well as ones like stocks.In an interview with Decrypt, Newrez President Baron Silverstein said the move was aimed at Gen Z, noting that “future home buyers have a higher and higher percentage of crypto assets as part of their investments,” relative to generations that came before them.“We’re looking to help first-time home buyers,” he added.In recognizing borrowers’ digital assets, Newrez plans to apply a “haircut,” valuing Bitcoin and Ethereum at a discount to their market prices. Silverstein declined to say how steep that haircut would be, but he said it takes the assets’ volatility into consideration.Newrez’s entry into the digital assets space was recognized on X by Bill Pulte, the director of the U.S. Federal Housing Finance Agency, who directed the regulator in June to begin examining the impact of crypto holdings on mortgage qualifications in the U.S.“It begins,” he wrote.\nIt begins https://t.co/GmcfRFOWKo\n— Pulte (@pulte) January 15, 2026Pulte’s directive sparked unease among U.S. lawmakers, including Sen. Elizabeth Warren (D-MA), who warned the move could ultimately “introduce unnecessary risks to consumers and pose serious safety and soundness concerns for the U.S. housing and financial markets.”“When we were evaluating the program, we pressure-tested a lot of different things,” Silverstein said. “What we launched is much closer to what we consider to be our bread and butter business today.”Silverstein noted that Newrez isn’t letting borrowers make mortgage payments using digital assets, but he said the lender could evaluate that in the future. The same goes for Bitcoin and Ethereum held in self-custodial wallets, which aren’t eligible under the program.Newrez said that digital assets need to be held with either a U.S.-regulated crypto exchange, fintech app, brokerage, or a nationally chartered bank to qualify. As a result, digital assets held within wallets like MetaMask, or via keys on a flash drive stashed in a desk, would be treated as worthless.An FAQ for the program states offering will be available in February for “non-agency products,” which are distinct from those offered by government-sponsored Fannie Mae and Freddie Mac. Newrez’s program also recognizes stablecoins backed by cash.“We will continue to evaluate an expansion of our guidelines, an expansion of crypto assets, and potentially an expansion of these custodians,” Silverstein said. “This is a great place for us to start, and then we'll continue to learn from there.”Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605348707","isCrawlerRequest":true}