Risk Factors Update Summary
- The FHFA updated the GSEs' loan origination caps from $75.0 billion to $70.0 billion.
- Loss of key management could have a material adverse effect, particularly William Walker.
- Pledged securities increased from $157 million to $184 million as collateral against future losses.
- Servicing fees for loans placed with institutional investors were $3.9 billion as of December 31, 2023.
- Risk-sharing allowance decreased from 0.08% to 0.05% of at-risk balance, now $31 million.
- Investments include loans under the Interim Loan Program, joint ventures, LIHTC equity funds, and co-investments.
- Two loans in default decreased from an aggregate unpaid principal balance of $37 million to $27 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=1497770&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.