2 unchanged sentences
We utilize forward commitments and option contracts to mitigate the risks associated with our mortgage loan portfolio.
−Removed: As of May 31, 2021, we had no outstanding borrowings under our Credit Facility.
−Removed: As of May 31, 2021, our borrowings under Financial Services' warehouse repurchase facilities totaled $671.5 million under residential facilities and $104.2 million under LMF Commercial facilities.
+Added: As of August 31, 2021, we had no outstanding borrowings under our Credit Facility.
+Added: As of August 31, 2021, our borrowings under Financial Services' warehouse repurchase facilities totaled $900.3 million under residential facilities and $55.0 million under LMF Commercial facilities.
Information Regarding Interest Rate Sensitivity
1 unchanged sentence
Expected Maturity and Average Interest Rate
−Removed: Six Months Ending November 30, Years Ending November 30, Fair Value at May 31,
+Added: August 31, 2021
+Added: Three Months Ending November 30, Years Ending November 30, Fair Value at Aug 31,
(Dollars in millions) 2021 2022 2023 2024 2025 2026 Thereafter Total 2021
4 unchanged sentences
Average interest rate 4.2 % 4.5 % 4.2 % 5.0 % 4.8 % 5.2 % 4.9 % 4.8 % —
−Removed: Variable rate $ 33.0 — — — — — — 33.0 33.3
−Removed: Average interest rate 4.6 % — — — — — — 4.6 % —
Financial Services:
13 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.