35 unchanged sentences
As of December 31, 2021:
−Removed: Change in Interest
−Removed: Percentage Change
−Removed: Rates (in Basis Points)
−Removed: in Net Interst Income
+Added: Change in Interest Rates
+Added: Percentage Change in
+Added: (in Basis Points)
+Added: Net Interest Income
As of December 31, 2020:
−Removed: Change in Interest
−Removed: Percentage Change
−Removed: Rates (in Basis Points)
−Removed: in Net Interst Income
+Added: Change in Interest Rates
+Added: Percentage Change in
+Added: (in Basis Points)
+Added: Net Interest Income
Economic Value of Equity Analysis.
2 unchanged sentences
The Company’s economic value of equity analysis as of December 31, 2021 estimated that, in the event of an instantaneous 200 basis point increase in interest rates, the Company would experience a 8.89% increase in the economic value of equity.
−Removed: At the same date, our analysis estimated that, in the event of an instantaneous 100 basis point decrease in interest rates, the Company would experience 2.69% increase in the economic value of equity.
+Added: At the same date, our analysis estimated that, in the event of an instantaneous 100 basis point decrease in interest rates, the Company would experience 9.21% decrease in the economic value of equity.
The estimates of changes in the economic value of our equity require us to make certain assumptions including loan and mortgage-related investment prepayment speeds, reinvestment rates, and deposit maturities and decay rates.
2 unchanged sentences
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.