Risk Factors Update Summary
- Added concern about hedging instruments exposing to contingent liabilities, potentially affecting results.
- Mentioned the impact of Federal Reserve raising rates multiple times, affecting borrowing costs.
- Increased exposure to Non-Agency RMBS, becoming the first-loss security holder, impacting risk.
- Noted the potential impact of yield curve inversion on net interest spread, affecting earnings.
- Highlighted the risk of market value reduction due to volatility, impacting assets and operations.
- Discussed the uncertainty around the impact of regulatory changes on market conditions and operations.
- Added concerns about cyber-attacks disrupting business operations and causing financial losses.
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=1409493&owner=exclude
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