4 unchanged sentences
For fixed-rate debt, changes in interest rates generally affect the fair value of the debt instrument but not our earnings or cash flows.
−Removed: Conversely, for variable-rate debt, changes in interest rates generally do not affect the fair value of the debt instrument but could affect our earnings and cash flows.
+Added: Conversely, for variable-rate debt, changes in interest rates generally do not affect the fair value of
+Added: the debt instrument but could affect our earnings and cash flows.
Except in very limited circumstances, we do not have an obligation to prepay fixed-rate debt prior to maturity.
As a result, interest rate risk and changes in fair value should not have a significant impact on our fixed-rate debt until we are required or elect to refinance or repurchase such debt.
−Removed: The following table sets forth the principal cash flows by scheduled maturity, weighted-average interest rates, and estimated fair value of our debt obligations as of March 31, 2023 ($000’s omitted):
−Removed: As of March 31, 2023 for the
+Added: The following table sets forth the principal cash flows by scheduled maturity, weighted-average interest rates, and estimated fair value of our debt obligations as of June 30, 2023 ($000’s omitted):
+Added: As of June 30, 2023 for the
Years ending December 31,
5 unchanged sentences
Average interest rate 6.68 % — % — % — % — % — % 6.68 %
−Removed: (a) Includes the Pulte Mortgage Repurchase Agreement and amounts outstanding under our Revolving Credit Facility, under which there was no amount outstanding at March 31, 2023 .
+Added: (a) Includes the Repurchase Agreement and amounts outstanding under our Revolving Credit Facility, under which there was no amount outstanding at June 30, 2023 .
Qualitative disclosure
21 unchanged sentences
the potential that we do not realize our deferred tax assets;
−Removed: out inability to sell mortgages into the secondary market;
+Added: our inability to sell mortgages into the secondary market;
uncertainty in the mortgage lending industry, including revisions to underwriting standards and repurchase requirements associated with the sale of mortgage loans, and related claims against us;
2 unchanged sentences
the disruptions associated with the COVID-19 pandemic (or another epidemic or pandemic or similar public threat or fear of such an event), and the measures taken to address it;
−Removed: the effect of cybersecurity incidents and threats;
+Added: the effect of cybersecurity incidents and
and other factors of national, regional and global scale, including those of a political, economic, business and competitive nature.
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.