Risk Factors Update Summary
- Interest rate and spread volatility pose significant risks, impacting liquidity, costs, and risk management.
- The Fed's increased holdings of Agency RMBS to nearly a third of all outstanding RMBS.
- The Fed reduced its Agency RMBS holdings by approximately $300 billion through fiscal year-end 2023.
- Increased market volatility due to the Fed's participation in the Agency RMBS market.
- Changes in regulatory capital requirements could adversely affect financing terms and availability.
- Cybersecurity risks, including sophisticated threats like malware and hacking, could disrupt operations.
- Concentrations of investments tied to geographic regions increase the risk of adverse economic impacts.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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