US Lender Newrez To Accept Crypto Holdings In Mortgage Approval

Authored by Nate Kostar via CoinTelegraph.com,Newrez plans to treat eligible cryptocurrency holdings as qualifying assets in its mortgage underwriting process, a move that could broaden access to home loans for crypto holders.The change is expected to take effect in February across the lender’s non-agency products, covering home purchases, refinancings and investment properties.While borrowers can already use assets such as stocks and bonds in underwriting, crypto holders have typically been required to sel ...