2 unchanged sentences
We utilize forward commitments and option contracts to mitigate the risks associated with our mortgage loan portfolio.
−Removed: As of August 31, 2020 , we had no outstanding borrowings under our Credit Facility.
−Removed: As of August 31, 2020 , our borrowings under Financial Services' warehouse repurchase facilities totaled $699.0 million under residential facilities and $103.7 million under LMF Commercial facilities.
+Added: As of February 28, 2021, we had no outstanding borrowings under our Credit Facility.
+Added: As of February 28, 2021, our borrowings under Financial Services' warehouse repurchase facilities totaled $631.8 million under residential facilities and $178.6 million under LMF Commercial facilities.
Information Regarding Interest Rate Sensitivity
1 unchanged sentence
Expected Maturity and Average Interest Rate
−Removed: August 31, 2020
−Removed: Three Months Ending November 30,
−Removed: Years Ending November 30,
−Removed: Fair Value at August 31,
−Removed: (Dollars in millions)
+Added: February 28, 2021
+Added: Nine Months Ending November 30, Years Ending November 30, Fair Value at February 28,
+Added: (Dollars in millions) 2021 2022 2023 2024 2025 2026 Thereafter Total 2021
Homebuilding:
1 unchanged sentence
other debts payable:
+Added: Fixed rate $ 92.7 1,815.9 96.5 1,518.7 589.0 400.1 1,293.6 5,806.5 6,377.2
Average interest rate 2.6 % 4.8 % 4.2 % 5.0 % 4.8 % 5.3 % 4.7 % 4.8 % —
4 unchanged sentences
debts payable:
+Added: Fixed rate $ — — — — — — 152.7 152.7 153.5
Average interest rate — — — — — — 3.4 % 3.4 % —
4 unchanged sentences
debts payable:
+Added: Fixed rate $ 1.9 — — — — — — 1.9 1.9
Average interest rate 3.0 % — — — — — — 3.0 % —
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.