No paystubs for a loan?

An interesting article from the Wall Street Journal saying Fannie Mae may do away with paystubs and would allow lenders to use employment and income information from a database maintained by credit bureau Equifax to verify borrowers’ ability to handle a loan, rather than relying on the traditional documentation process of collecting physical copies of pay stubs and tax data. The move is expected to make the mortgage process easier for borrowers and lenders alike.

More info here--

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