MencarowNo Comments Given the Dodd-Frank Act’s ill-advised, uninformed and, frankly, insane assault upon seller mortgages as virtually “predatory lending,” members of Congress —who vote on bills they have never read (as a legislative director in the US Congress for years I can assure you that is true) — and cushy-jobs-for-life-can’t-be-fired-no-matter-what-they-do-or-refuse-to-do bureaucrats (who determine how the laws that members of Congress never read are to be interpreted and enforced) need to understand is that seller mortgages are not loans — they are installment sales.

@Georges Arnaout I agree with @Steve Candor 's citations an interpretation of an "application" fee.  

(e) Rules, regulations, and interpretations; future income bearing loans subject to due-on-sale options (1) The Federal Home Loan Bank Board, in consultation with the Comptroller of the Currency and the National Credit Union Administration Board, is authorized to issue rules and regulations and to publish interpretations governing the implementation of this section.See http://www.law.cornell.edu/uscode/text/12/1701j-3

We like to get the full report and interpret it ourselves, instead of a scaled down version where someone else has reviewed the data and only give you their recommendation.  

No mortgage fraud intended, but it could be interpreted to be the case.

I guess I need to know "how" to read and interpret the demographics, along with my observations in what's developing, in order to make a sound decision for investments.  

I am guessing your father either pays these from cash flow or has a bit wider interpretation of capital expense than some here. 

So I guess there are differences in the way someone is reading/interpreting the rules...

There are a lot of interpretations of what the current law means. 

Furthermore, the $1000 title to this thread is similar to the 'bait and switch' interpretation I got from the flyer.