Item 1. Legal Proceedings
Item 1. Legal Proceedings
 
In July 2022, a complaint was filed by Mutual of Omaha Mortgage, Inc. asserting claims against Waterstone Mortgage Corporation relating to certain employees hired by Waterstone Mortgage Corporation who previously worked for Mutual.  The Company intends to continue to vigorously defend its interests in this matter and pursue all possible defenses against the claims.  Given the current stage of the litigation, the Company is not yet able to make a determination as to the likelihood of an unfavorable outcome in this matter, nor is it able to estimate the range of any possible loss.
 
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