Schedule K-1

[Andy Tomaswick]

Hi All,

I recently applied for a conventional mortgage, and as part of the preapproval process turned over my account statement for a Scottrade account that I use a my investing exposure to assets other than real estate.

When the underwriter was reviewing the application, they asked about a specific asset class that I held (ticker: GCC), a "continuous commodity index fund" that I use as my exposure to commodities.  I only had about $2.5K in the fund, and owned less than .001% of it.

My question is - why does the underwriter care about this? Is it somehow different than the other index tracking funds that I have that track stocks?  Is there some other way to get exposure to commodities that wouldn't come up on a underwriting search?

Thanks in advance for the feedback - looking forward to it!