Thursday, May 23, 2013

Expanded Federal Regulation

XBRL or Extensible Business Reporting Language can permit data to be collected and analyzed. It can be used to assess risk on about 600 mortgage points; the data may be readily tracked.
                       
There is a far better case for using such data resources for collection and review and more transparency on mortgages, than the need for extensive federal regulation, including Dodd-Frank's.
                       
Layers of added regulation we know from experience really does not work.(See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)

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