United Wholesale Mortgage ditches plan to accept Bitcoin payments

A major US mortgage lender, United Wholesale Mortgage, came up with a plan to start accepting Bitcoin payments earlier this year, in August. It was the first company of this kind to announce opening its doors to crypto.

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Second-largest US mortgage lender UWM dumps Bitcoin payment plans

United Wholesale Mortgage had previously announced plans to test Bitcoin and Ether for mortgage payments in August.

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SafeGold, UWM, And Quorum Holdings To Accept Bitcoin For Payments

The first and the largest cryptocurrency by market capitalization, Bitcoin, gets more adoption from reputable companies. Unified Wholesale Mortage, the US mortgage lender, aspires to include digital assets as a payment option by 2021.

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America’s Second-Largest Mortgage Lender Will Be Accepting Bitcoin Payments Later This Year

United Wholesale Mortgage will begin accepting payments in cryptocurrency soon, allowing homebuyers in the United States to pay their mortgages in Bitcoin. Firms have been leaning towards crypto payments as of late, with the trend well on its way to becoming mainstream.

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Bitcoin Bull Cathie Wood Attracts Big Short Michael Burry To ARK Innovation ETF

After overcoming the subprime mortgage catastrophe, Michael Burry now sets his sights on ETF ARK’s flagship invention from Bitcoin Bull Cathie wood, which finances companies like Square, GBTC, and Tesla.

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Major US mortgage lender UWM to accept Bitcoin (BTC) payments

United Wholesale Mortgage (UWM) CEO Mat Ishbia has recently announced the company’s intention to become the first nationwide mortgage lender to embrace crypto. The post Major US mortgage lender UWM to accept Bitcoin (BTC) payments appeared first on CryptoSlate.

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United Wholesale Mortgage to Accept Bitcoin Payments

The leading mortgage lender in the U.S., United Whole Mortgages, has announced a plan to accept bitcoin (BTC) payments. The post United Wholesale Mortgage to Accept Bitcoin Payments appeared first on BeInCrypto.

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Mogo Adds 146 ETH to Firm’s Balance Sheet, Plans to Turn 5% of Its Portfolio Into Crypto Assets

On Tuesday, the Nasdaq-listed Canadian company Mogo revealed the firm has purchased 146 ether at an average price of $2,780. The move follows the firm’s corporate investment in bitcoin, as well as offering bitcoin rewards for the company’s mortgage and card clients.

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Clearly, Jim Cramer Doesn’t Get Bitcoin

“Mad Money” host Jim Cramer’s announcement that he sold bitcoin to pay a mortgage demonstrates lack of monetary economic understanding.

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Why Jim Cramer Could Regret Selling “Phony Money” Bitcoin To Pay Off Mortgage

Coinbase Global just launched this week, Bitcoin set a new all-time high, and crypto markets are on fire like never before. Why then has CNBC’s Jim Cramer chosen now to cash out his coins and pay off his real-life mortgage with what he calls “phony money?” Also why the low blow to Bitcoin after a […]

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Jim Cramer cashes out half his 'phoney money' Bitcoin to pay off mortgage

CNBC host Jim Cramer says he’s “won,” cashing out half of his Bitcoin portfolio to pay off his mortgage, stating that it’s “phoney money paying for real money.”

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CNBC's Jim Cramer Calls Bitcoin "Phony Money" After Cashing Out Half of His Stash

CNBC's Jim Cramer has cashed out half of his Bitcoin holdings to pay for his mortgage

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Canada-Based Financial Payments Firm Offers Bitcoin Cashbacks to Mortgage Clients

The firm wants to tap into the trillion-dollar Canadian mortgage industry by introducing Bitcoin to the investors. The post Canada-Based Financial Payments Firm Offers Bitcoin Cashbacks to Mortgage Clients first appeared on BitcoinExchangeGuide.

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Canadian Company Mogo Offers Bitcoin Rewards for Clients Engaging in a New Mortgage or Refinancing

On Monday, the publicly-listed Canadian company Mogo announced the firm is extending the bitcoin rewards program applied to the firm’s prepaid Visa card to the operation’s Mogomortgage product.

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Mogo Launches World’s First Bitcoin Cashback Mortgage

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Mogo Gives Customers BTC on Mortgage Payments

This bitcoin cashback program is a first of its kind. Mogo currently already features a bitcoin cashback program for their Visa Platinum Prepaid Card customers. Additionally, the bitcoin & rewards accounts of users will be utilized to deposit the cashback.

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Finally, a good reason to sell Bitcoin: Hodler liquidates to pay off parents’ mortgage

Bitcoin HODLers are divided on whether now was the best time to sell. But mom and dad...

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ICE Announces Record Trading Volume for Physically-Delivered Bakkt® Bitcoin Futures Contracts

Intercontinental Exchange , a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, today announced record trading...

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$1 Trillion in Housing Bonds: US Real Estate Crisis Held Back by Fed’s Mortgage Purchases

The U.S. real estate market is facing a conundrum, as there’s now a tidal wave of renters who can’t pay rent and a massive number of mortgage defaults stacking up like never before. Amid the looming real estate chaos, the Centers for Disease Control and Prevention (CDC) enacted public health emergency powers to stop landlords […] The post $1 Trillion in Housing Bonds: US Real Estate Crisis Held Back by Fed’s Mortgage Purchases appeared first on Bitcoin News.

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Current Financial Crisis Could Dwarf Pre-Bitcoin Housing Collapse

The 2008 financial crisis that came about from a mortgage default-driven housing market collapse still lives strong in the memory for most — especially Bitcoiners. It was this crisis that inspired Satoshi Nakamoto to create Bitcoin as a hedge against similar catastrophes from centralized banking systems in the future.

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Bakkt opens Bitcoin options market as boon-or-bane debate catches fire

"Coming out of the 2008 financial crisis, the legit criticism of regulators was along the lines of: where were they during the expansion of the real estate mortgage bubble, why didn't they take steps The post Bakkt opens Bitcoin options market as boon-or-bane debate catches fire appeared first on AMBCrypto.

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Breaking Bitcoin: Another Mortgage Meltdown Will Prove The Case For Crypto

The subprime mortgage crisis triggered the global financial crisis that, in turn, triggered the bank bailouts and the quantitative easing cycle that followed to prop up a weakened U. S. and global economy.

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As US Expands Subprime Mortgage Program, Is a New Crisis Looming?

The Federal Housing Administration, a division of the U. S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government.

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Economy Fights Crisis With Cheap Borrowing, Can Bitcoin Take Over?

The third-largest bank in Denmark, Jyske Bank, now offers a 10 year fixed rate mortgages at -0. 5%. This means customers will pay back less than the amount borrowed. Mortgage fees are still payable, likely negating any benefit to borrowers, but some see this unprecedented move as indicative of a troubled economy.

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US Senator Says Libra is Just Like a Subprime Mortgage

Facebook’s foray into crypto has made the firm few friends in political circles. The Libra backlash has been so bad that it has painted bitcoin and the rest of the crypto industry in a bad light.

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Is The ‘King Of The Geeks’ The Creator Of Bitcoin? The Argument About Linus Torvalds

Is The ‘King Of The Geeks' The Creator Of Bitcoin? The Argument About Linus Torvalds A dramatic over extension in the volume of lending, the integration of sub-prime mortgages and other toxic assets into Mortgage Backed Securities (MBS') were not components that came up as a surprise during the recession of 2008. On May 3rd, […]

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The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn

“The economy is looking great,” how many times have they told you that? And why do you usually hear it when you are late on a mortgage payment or during a downsizing purge at your company? Relying on your senses is always a safer bet than trusting the wishful thinking of those who invested political […] The post The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn appeared first on Bitcoin News.

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Blockchain and Bitcoin (BTC) for Dubai Islands

A new mortgage platform (E-Mortgage) will be created on the basis of the bitcoin blockchain in Dubai. Dubai is confidently moving towards the status of the smartest smart city. May be this is Durov who drives the process? Pumping oil, building lands and selling them for bitcoins The current welfare of the Emirates was created […]

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Anti-Crypto Billionaire Munger Defends Bank Scandal as ‘Honest Mistake’

By CCN: Warren Buffett sidekick Charlie Munger likened “bitcoin people” to the apostle who betrayed Jesus. Meanwhile, he views scandals set in motion by Wells Fargo executives as an ‘honest mistake.

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Canadian Province Offers Low-Cost Energy Incentives to Bitcoin Miners

They’re doing it in British Columbia, Quebec, Manitoba, Alberta and Labrador — bitcoin miners in Canadian provinces are taking advantage of the country’s cool climate and abundant supplies of hydroelectric power.

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Billionaire Brock Pierce Takes Out First-Ever Bitcoin-Backed Mortgage

Bitcoin billionaire Brock Pierce took out a crypto-backed mortgage to buy a $1. 2 million home in Amsterdam. But why didn’t he just sell some bitcoin and buy it? Use Bitcoin as Collateral for a Mortgage Cryptocurrency companies that allow you to earn interest on your bitcoins or get dollar loans are springing up like weeds.

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Actor-Turned-Crypto Whiz Brock Pierce Buys $1.3 Million Mansion with Bitcoin

By CCN. com: Actor-turned-crypto entrepreneur Brock Pierce used bitcoin as collateral to purchase a $1. 3 million mansion in Amsterdam. The real estate transaction represents the first-ever crypto-backed mortgage.

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The Best Way to Know Bitcoin is a Conservative Investment

Before looking at the best way to know bitcoin is a conservative investment (a very impressive 10 year bitcoin trend that has many investors pouring money into bitcoin)… Here’s the best way to know bitcoin is not a conservative investment, but a terrible get rich quick scheme, “probably rat poison squared” even, as Warren Buffet calls bitcoin: Best Way to Know Bitcoin Is Rat Poison Squared You see bitcoin or another cryptocurrency’s ATH (All Time High) prices going higher and higher, and you think now’s not a bad time for a second mortgage on your house.

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QuadrigaCX CEO Widow Sells Estate Assets, Reportedly Places Others in Trust

Jennifer Robertson, the widow of the late QuadrigaCX exchange CEO, appears to be liquidating and shuffling some estate assets. When QuadrigaCX founder and CEO Gerald Cotten passed away suddenly in December of 2018 in India, he was allegedly the only person with the knowledge of the exchange’s cold storage keys.

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Why Low Mortgage Rates Could Help Power the Next Bitcoin Bull Run

The Wall Street Journal reports that banks will recast mortgage loans. Thanks to Federal Reserve policy changes, it’s currently cheaper for banks to get loans than it has been for a while. The other effect of a reduced LIBOR rate seems to be lower mortgage rates.

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Buying and Selling Property With Bitcoin Is More Complex Than It May Seem

Buying and selling property using cryptocurrency is less straightforward than was first assumed. The handful of mortgage lenders and realtors who were initially keen are now reluctant to accept crypto deposits due to money laundering fears.

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Factom working with Equator on a mortgage servicing solution, Liqui.io possibly committing an exit scam while Iran turns to crypto

Bitcoin giveaway scammers claim another victim After we saw several verified Twitter accounts fall victim to the infamous cryptocurrency giveaway scammers a couple of weeks ago, another account suffered the same faith today.

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A Week of Satoshi Pt.1: The Cultural and Economic Birthplace of Bitcoin

Modern man and woman are fundamentally tied to the standards, barriers, and incentives set out by most economic models. Paying a mortgage, student debt, and income taxes all contribute to the humanness of contemporary times.

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Wall Street Trader-Turned-Artist Erects Bitcoin Rat Exhibit Across from Fed

A former Wall Street hedge fund manager-turned-artist has erected a massive inflatable Bitcoin rat art exhibit across from the U. S. Federal Reserve Bank in New York City. It’s thought to serve as a reminder that 10 years ago the Fed issued taxpayer-funded relief to banks in a $700 billion “bailout” following the sub-prime mortgage crisis.

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Former UBS Bankers Are Building a Crypto Bank in Switzerland

Seba Crypto AG (SEBA) has raised 100 million Swiss francs ($103 million) for the creation of a regulated bank that lets customers trade fiat for digital currency. The Zug-based startup is headed by former UBS managers Guido Buehler, who serves as CEO, and Andreas Amschwand, who serves as chairman.

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China Are Blocking Bitcoin As The Banks Expand To The Blockchain

According to reports out today, the Bank of Communications, one of the four major state banking groups in China have completed a major transaction on the blockchain, one that has seen the issue of residential mortgage backed securities (RMBSs) on a blockchain network.

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Australian Bank Bans Use of Mortgage Funds for Crypto Speculation

One of Australia’s oldest financial institutions, Bank of Queensland, has prohibited the use of home equity loans for virtual currency speculation. The move has been attributed to concerns pertaining to the growing regulatory oversight of the cryptocurrency sector in Australia.

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Bitcoin Will End Up in One of Three Ways, Predicts Expert

Still only nine years old, Bitcoin continues to be a major topic of discussion within the global business industry. Bloomberg’s Noah Smith believes that the future of the top-ranked cryptocurrency has three possible outcomes.

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Lenders May Deny Your Mortgage Application if You Sold Bitcoin in the Past

Over the past year, cryptocurrencies like bitcoin have gained in value and some people have ‘cashed out’ their digital assets in order to purchase cars or a new home. However, some people who have sold cryptocurrencies in the past may have a hard time getting a home loan even though they have the funds to […] The post Lenders May Deny Your Mortgage Application if You Sold Bitcoin in the Past appeared first on Bitcoin News.

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Swiss Bank to Allow Business Accounts for Crypto Companies

Switzerland’s mortgage bank Hypothekarbank Lenzburg (Hypi) has announced that it will open business accounts for crypto companies. While cryptocurrency and blockchain technology have been widely accepted in Switzerland, the banks have not been as friendly.

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