XBRL or Extensible Business Reporting Language can permit data to be collected and analyzed. It can be used to assess risk on about 600 points with regard to mortgages. And then 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, with the consequent need for less federal regulation.
As compared to the layers of added regulation that we know from experience really does not work. And that further federal regulations will develop nothing truly positive.
But with Washington’s propensity for control what it is today, I guess more useless and irresponsible regulation will be what we get.
No comments:
Post a Comment