Risk Factors Update Summary
- A significant portion of mortgage loans may become NPLs, increasing losses. This could further increase losses to $9.5 million in 2023.
- The company may acquire mortgage loans for properties with decreased values, impacting returns.
- The securitization markets have experienced disruptions, with volumes decreasing sharply.
- Security breaches could result in data loss, business interruptions, and increased costs.
- The company has conflicts of interest with its Manager, affecting investment activities.
- The market price of shares has been volatile, ranging from $4.08 to $9.24 per share.
- Unpredictable events like military conflicts may create economic shocks affecting leverage and hedging.
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.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1614806&owner=exclude
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