A year ago at this time, the 15-year mortgages averaged 3.09 percent. 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averages 3.11 percent, up from last week when it averaged 2.93 percent.

(This is a long sentence.)We’re going to be gifted with a healthcare plan we are forced to purchase, and fined if we don’t,which puportedly covers at least 10 million more people, without adding a single new doctor,but provides for 16,000 new IRS agents, written by a committee whose chairman says he doesn’t understand it,passed by a congress that didn’t read it but exempted themselves from it, and signed by a president who smokes,with funding administered by a treasury chief who didn’t pay his taxes, for which we will be taxed for four years before any benefits take effect, by a government which has already bankrupted social security and medicare,all to be overseen by a surgeon general who is obese and financed by a country that’s broke.

If you look at the definition of a security here:www.sec.gov/about/laws/sa33.pdfyou find:(1) The term ‘‘security’’ means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.I've highlighted some of the terms that could refer to a loan.Now, like Corey Dutton I don't really think the SEC trolls craigslist looking for these ads.

It is better than investing in US Treasuries.

From the SEC: Sec. 2 SECURITIES ACT OF 1933 The term ‘‘security’’ means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.Thank you for the info.My head hurts now, but I still appreciate it

An investor can decide on a less risky investment such as a Treasury where loss of principal is not high at all but the return (through yield) will also not be that high.

State RE laws may have a 1,000 pages but probably less as many have a paragraph as a page.Mortgage financing is in volumes, about 15 books of 3/400 pages each, laws are in the tens of thousands of pages and intertwined in federal law into areas that I didn't even dream of now, as an example, the Dodd-Frank Act intersects with the Department of Agriculture, Department of Defense, the EPA, Sec; of Labor, Education and Justice, the Dept. of the Treasury and many more.I certainly don't know it all, I'd say it's impossible for one person to be fully informed of all aspects of lending and mortgage activities.

Treasury to qualify.

Licensed by the Department of Treasury in Taxation.

Risk Based PricingLeasing (includes option for Regulation M) HOePAMore recently:The Patriot ActOFAC (originally passed 1953 for very large banks)Anti Money Laundering (Rule modification by the US Treasury on 2/12 to be effective 9/12 for not only those who lend, but also for those who sell manufactured homes.