Shenanigans on this. I will look into this tomorrow morning at work. I am a mortgage underwriter & this does not smell right at all. If they needed cash to close they would have had to liquidate their holdings. If it was reserves then it wasn’t collateral for their mortgage, the house was

Looked into this today. I have full access to FNMA (Fannie) guides. Their published guides still state that in order to use crypto your funds must be converted into USD - so all that you can use it for right now is verification of a large deposit, I.e. you suddenly have $200k in your checking account, but normally you have $2k. Where’d the money come from? It is possible that Coinbase became a mortgage lender & has some non-public mortgage program as some sort of a pilot. Something that other lenders do not have access to, but as of right now, today, crypto is not eligible for income or assets in the FNMA system