Risk Factors Update Summary
- Risks associated with holding shares of the Series B Preferred Stock added, including limited voting rights and dilution upon future issuances.
- Fluctuations in interest rates and credit spreads could impair performance, especially with high interest rates.
- Increased risks related to residential loans acquisition and management, including exposure to losses and restructuring complexities.
- Risks related to inflation and high interest rates could adversely affect financial condition and operations.
- The company had approximately $180 million of indebtedness outstanding related to the portfolio, a decrease from $165 million.
- Risks related to securitization market regulation and compliance, impacting liquidity and financial condition.
- Risks related to internal control weaknesses identified, impacting financial reporting reliability and investor confidence.
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=1786248&owner=exclude
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