The Federal National Mortgage Association, commonly known as Fannie Mae, is reportedly set to accept Bitcoin (BTC) mortgages for the first time. Specifically, mortgage lender Better Home & Finance, together with the Coinbase crypto exchange, plans to unveil a new mortgage product today, March 26, allowing homebuyers to pledge their crypto holdings to secure a Fannie-backed loan, as reported by WSJ. Although crypto-backed mortgages already exist, Fannie Mae’s participation could push the concept further into the mainstream, as the institution operates with federal backing and is overseen by the Federal Housing Finance Agency. Fannie Mae brings crypto mortgages When applying for loans, borrowers will be able to pledge Bitcoin or USD Coin (USDC) as collateral to cover their down payment