3 unchanged sentences
We utilize both fixed-rate and variable-rate debt.
−Removed: For fixed-rate debt, changes in interest rates generally affect the fair value of the debt instrument but not
−Removed: our earnings or cash flows.
+Added: For fixed-rate debt, changes in interest rates generally affect the fair value of the debt instrument but not our earnings or cash flows.
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.
1 unchanged sentence
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 September 30, 2023 ($000’s omitted):
−Removed: As of September 30, 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 March 31, 2024 ($000’s omitted):
+Added: As of March 31, 2024 for the
Years ending December 31,
5 unchanged sentences
Average interest rate 7.13 % — % — % — % — % — % 7.13 %
−Removed: (a) Includes the Repurchase Agreement and amounts outstanding under our Revolving Credit Facility, under which there was no amount outstanding at September 30, 2023 .
+Added: (a) Includes the Repurchase Agreement and amounts outstanding under our Revolving Credit Facility, under which there was no amount outstanding at March 31, 2024 .
Qualitative disclosure
3 unchanged sentences
Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements.
−Removed: You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events.
+Added: You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or
+Added: other expectations regarding future events.
Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “project,” “may,” “can,” “could,” “might,” “should,” “will” and similar expressions identify forward-looking statements, including statements related to any potential impairment charges and the impacts or effects thereof, expected operating and performing results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future.
17 unchanged sentences
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;
−Removed: risks related to information technology failures or data security issues;
+Added: risks related to information technology failures, data security issues, and the effect of cybersecurity incidents and threats;
+Added: the impact of negative publicity on sales;
failure to retain key personnel;
−Removed: the disruptions associated with the COVID-19 pandemic (or another epidemic or pandemic or
−Removed: 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 impairment of our intangible assets;
+Added: 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;
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.