21 unchanged sentences
As of December 31, 2025, a hypothetical decrease in interest rates by 25 basis points, 50 basis points, and 100 basis points would result in a $2.6 million, $2.3 million, and $6.6 million increase, respectively, in the combined fair value of our LHFS and IRLCs.
−Removed: As of December 31, 2024, a hypothetical increase in interest rates by 25 basis points, 50 basis points, and 100 basis points would result in a $1.6 million, $3.3 million, and $7.3 million decrease, respectively, in the combined fair value of our LHFS and IRLCs.
+Added: As of December 31, 2025, a hypothetical increase in interest rates by 25 basis points, 50
+Added: Tab l e of Contents
+Added: basis points, and 100 basis points would result in a $1.8 million, $4.5 million, and $10.8 million decrease, respectively, in the combined fair value of our LHFS and IRLCs.
The interest rate sensitivity ranges presented here are to show a realistic representation of potential short term changes in interest rates, compared to the maximum daily change in 30-year mortgage interest rates over the last six years of approximately 36 basis points according to data from Optimal Blue, and the maximum weekly change in interest rates over the last 30 years of approximately 55 basis points according to data from Freddie Mac.
+Added: In order to manage interest rate risk on our Loans Held for Investment portfolio, we have entered into pay-fixed, receive-floating interest rate swap contracts to hedge against exposure to changes in the fair value of Loans Held for Investment resulting from changes in interest rates.
We are subject to credit risk, which is the risk of default that results from a borrower’s inability or unwillingness to make contractually required mortgage payments.
3 unchanged sentences
Better Home & Finance's origination volume largely conforms to GSE standards, specifically those of Fannie Mae and Freddie Mac, which have specific loan to value requirements.
−Removed: Freddie Mac's guidelines provide that the maximum loan to
−Removed: value for a conforming purchase in non-cash out refinance mortgages is 95% for a one-unit primary residence.
+Added: Freddie Mac's guidelines provide that the maximum loan to value for a conforming purchase in non-cash out refinance mortgages is 95% for a one-unit primary residence.
For the year ended December 31, 2025 and the year ended December 31, 2024, 77% and 92%, respectively, of Better Home & Finance's loans, excluding HELOC loans, conformed to GSE standards.
18 unchanged sentences
Activity in Indian Rupees and British pound sterling are not currently considered material by our management, given the majority of our revenue and costs are generated in the United States.
−Removed: Accordingly, we believe we do not currently have a material exposure to foreign currency exchange risk.
+Added: Accordingly, we believe we do not currently
+Added: Tab l e of Contents
+Added: have a material exposure to foreign currency exchange risk.
In the future however, we expect our exposure to foreign currency exchange risk to increase in relation to the British pound sterling as we have decided to focus growth on specific entities in the United Kingdom, as mentioned elsewhere in this Annual Report.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.