1 unchanged sentence
Market risk is the risk of loss arising from adverse changes in market prices and interest rates.
−Removed: We may from time to time be exposed to interest rate risk inherent in our financial instruments, but we are not currently subject to foreign currency or commodity price risk.
+Added: We may from time to time be exposed to interest rate risk inherent in our financial instruments.
We manage exposure to these market risks through our regular operating and financing activities.
12 unchanged sentences
Commercial loans receivable 647
−Removed: Securitized financings
+Added: Other secured financing 74
In originating loans for sale, we issue IRLCs to prospective borrowers and third-party originators.
10 unchanged sentences
The initial and subsequent changes in the value of IRLCs are a component of current income.
−Removed: Assuming the level of IRLCs is held constant, a 1% (100 basis points) increase in average interest rates would decrease the fair value of the obligations by approximately $88,000.
+Added: Assuming the level of IRLCs is held constant, a 1% (100 basis points) increase in average interest rates would decrease the fair value of the obligations by approximately $0.1 million.
+Added: We have certain assets and liabilities for a production facility located in Ojinaga, Mexico, which imports raw materials and components and exports finished homes to our retail locations in the United States.
+Added: This facility incurs expenses denominated in the Mexican Peso ("MXN") primarily for the payment of wages for employees, accounts payable arising from selling, general and administrative expenses, purchases of property plant and equipment and taxes imposed by foreign tax jurisdictions.
+Added: Fluctuations in the exchange rate between the MXN and the US Dollar could have a material impact on our results of operations.
+Added: A 10% change in exchange rates as of April 1, 2023 could have resulted in a revaluation loss of approximately $0.2 million.
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.