Mortgages Better x Coinbase, $260M waitlist Read the analysis
Bitcoin Backed Mortgage: Better & Coinbase's $260M Loan With No Margin Call
Better Mortgage and Coinbase now lend you a $100,000 down payment against $250,000 of Bitcoin and promise no margin call, on a Fannie Mae rule written in 2009 for stocks. The two-loan structure, the 40-cent haircut, the $31,000 tripwire, and who eats the loss when Bitcoin drops 60%.
Read the breakdown