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. And the data may be readily tracked.
We know from experience that layers of added regulation does not work.
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 the Dodd-Frank Act.
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. And the data may be readily tracked. ( See the Earl J Weinreb NewsHole® comments.)
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