17 unchanged sentences
Uncommitted IRLCs totaled a notional amount of approximately $1.4 billion and uncommitted mortgage loans held for sale totaled a notional amount of approximately $1.3 billion at September 30, 2021.
−Removed: We occasionally enter into forward sales of MBS as part of a program to offer below market interest rate financing to our homebuyers in certain markets.
−Removed: At September 30, 2020 and 2019, we had MBS totaling $1.1 billion and $111.4 million, respectively, that did not yet have IRLCs or closed loans created or assigned and recorded a liability of $5.3 million and $0.5 million for the fair value of such MBS position.
+Added: We also use hedging instruments as part of a program to offer below market interest rate financing to our homebuyers.
+Added: At September 30, 2021 and 2020, we had MBS totaling $834.6 million and $1.1 billion, respectively, that did not yet have IRLCs or closed loans created or assigned and recorded an asset of $1.1 million at September 30, 2021 and a liability of $5.3 million at September 30, 2020 for the fair value of such MBS position.
The following table sets forth principal cash flows by scheduled maturity, effective weighted average interest rates and estimated fair value of our debt obligations as of September 30, 2021.
12 unchanged sentences
We have audited the accompanying consolidated balance sheets of D.R.
−Removed: and subsidiaries (the Company) as of September 30, 2020 and 2019, the related consolidated statements of operations, total equity, and cash flows for the years then ended, and the related notes (collectively referred to as the “consolidated financial statements”).
−Removed: In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at September 30, 2020 and 2019, and the results of its operations and its cash flows for the years then ended, in conformity with U.S.
+Added: and subsidiaries (the Company) as of September 30, 2021 and 2020, and the related consolidated statements of operations, total equity, and cash flows for each of the three years in the period ended September 30, 2021, and the related notes (collectively referred to as the “consolidated financial statements”).
+Added: In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at September 30, 2021 and 2020, and the results of its operations and its cash flows for each of the three years in the period ended September 30, 2021, in conformity with U.S.
generally accepted accounting principles.
33 unchanged sentences
We have served as the Company’s auditor since 2018.
−Removed: Fort Worth, Texas
+Added: Dallas, Texas
November 18, 2021
6 unchanged sentences
and subsidiaries (the Company) maintained, in all material respects, effective internal control over financial reporting as of September 30, 2021, based on the COSO criteria .
−Removed: We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of September 30, 2020 and 2019, the related consolidated statements of operations, total equity, and cash flows for the years then ended, and the related notes and our report dated November 19, 2020 expressed an unqualified opinion thereon.
+Added: We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of September 30, 2021 and 2020, the related consolidated statements of operations, total equity, and cash flows for each of the three years in the period ended September 30, 2021, and the related notes and our report dated November 18, 2021 expressed an unqualified opinion thereon.
Basis for Opinion
15 unchanged sentences
/s/ Ernst & Young LLP
−Removed: Fort Worth, Texas
−Removed: November 19, 2020
−Removed: REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
−Removed: To the Board of Directors and Stockholders of D.R.
−Removed: Opinion on the Financial Statements
−Removed: We have audited the consolidated statements of operations, total equity, and cash flows of D.R.
−Removed: and its subsidiaries (the “Company”) for the year ended September 30, 2018, including the related notes (collectively referred to as the “consolidated financial statements”).
−Removed: In our opinion, the consolidated financial statements present fairly, in all material respects, the results of operations and cash flows of the Company for the year ended September 30, 2018 in conformity with accounting principles generally accepted in the United States of America.
−Removed: Basis for Opinion
−Removed: These consolidated financial statements are the responsibility of the Company's management.
−Removed: Our responsibility is to express an opinion on the Company’s consolidated financial statements based on our audit.
−Removed: We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S.
−Removed: federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
−Removed: We conducted our audit of these consolidated financial statements in accordance with the standards of the PCAOB.
−Removed: Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud.
−Removed: Our audit included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks.
−Removed: Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements.
−Removed: Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.
−Removed: We believe that our audit provides a reasonable basis for our opinion.
−Removed: /s/ PricewaterhouseCoopers LLP
−Removed: Fort Worth, Texas
+Added: Dallas, Texas
November 18, 2021
−Removed: We served as the Company’s auditor from 2008 to 2018.
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.