Risk Factors Update Summary
- Revenue from Home segment decreased significantly from $441,738k in 2022 to $143,753k in 2023.
- Consumer segment revenue decreased from $396,945k in 2022 to $329,945k in 2023.
- Ceased offering reverse mortgage loans in Q4 2022 and credit repair products in Q2 2023.
- Insurance segment revenue decreased from $299,073k in 2022 to $326,153k in 2023.
- Demand from carrier partners remained volatile in 2023, impacting the Insurance segment's recovery.
- Mortgage rates hit multi-decade highs of nearly 8% in October 2023, impacting refinance volumes.
- Total revenue decreased from $984,992k in 2022 to $672,502k in 2023.
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=1434621&owner=exclude
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