13 unchanged sentences
Hedging instruments related to funded, uncommitted loans are accounted for at fair value, with changes recognized in revenues in the consolidated statements of operations, along with changes in the fair value of the funded, uncommitted loans.
−Removed: The fair value change related to the hedging instruments generally offsets the fair value change in the uncommitted loans.
+Added: The fair value change related to hedging instruments generally offsets the fair value change in the uncommitted loans.
The net fair value change, which for the years ended September 30, 2025 and 2024 was not significant, is recognized in current earnings.
2 unchanged sentences
We also use hedging instruments as part of a program to offer below market interest rate financing to our homebuyers.
−Removed: At September 30, 2024 and 2023, we had MBS totaling $637.9 million and $1.1 billion, respectively, that did not yet have IRLCs or closed loans created or assigned and recorded an asset of $2.4 million and $15.7 million, respectively, for the fair value of such MBS position.
+Added: At September 30, 2025 and 2024, we had MBS totaling $677.5 million and $637.9 million, respectively, that did not yet have IRLCs or closed loans created or assigned and recorded an asset of $1.9 million and $2.4 million, respectively, 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, 2025.
9 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.