Risk Factors Update Summary
- Changes to the GSEs' PMIERs could adversely impact business, financial condition, and operating results.
- The Federal Reserve rapidly increased the federal funds rate in 2022 and 2023.
- Mortgage interest rates recorded their largest increase in any calendar year in 2022 and 2023.
- The proposed rule would increase risk-based capital requirements for banks with total assets of $100 billion or more.
- The company's capacity to pay aggregate ordinary dividends decreased from $98 million to $96 million.
- Indebtedness increased from approximately $396 million to $397 million.
- Shares of common stock issued increased from 86 million to 87 million.
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=1547903&owner=exclude
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