Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 192

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 192
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Number of mortgage loans 90 or more days past due— 7 Recorded investment in mortgage loans 90 or more days past due$— $5,754 Unpaid principal balance of loans 90 or more days past due$— $5,681 Number of mortgage loans in foreclosure— 2 Recorded investment in mortgage loans in foreclosure$— $1,956 Unpaid principal balance of loans in foreclosure$— $1,889 

5.    Investment Securities

As of December 31, 2024, Investment Securities were comprised of non‑agency RMBS and Freddie Mac and Fannie Mae “whole pool agency RMBS” (together, “RMBS”) and CMBS. As of December 31, 2023, Investment Securities were comprised of RMBS, CMBS, and U.S. Treasury Securities. The U.S. Treasury Securities held by the Company as of December 31, 2023 matured on January 9, 2024.The following table sets forth a summary of RMBS at cost as of December 31, 2024 and 2023:December 31, 2024December 31, 2023(in thousands)AOMT RMBS$101,801 $84,957 Whole Pool Agency RMBS$201,994 $391,964 The following table sets forth certain information about the Company’s investment in RMBS as of December 31, 2024:December 31, 2024Real Estate Securities at Fair ValueRepurchase Debt (2)Allocated Capital(in thousands)AOMT RMBS (1)Mezzanine$12,735 $(5,440)$7,295 Subordinate73,548 (19,829)53,719 Interest Only/Excess12,508 — 12,508 Retained RMBS in VIEs (2)— (25,286)(25,286)Total AOMT RMBS$98,791 $(50,555)$48,236 Whole Pool Agency RMBS (3)Fannie Mae$161,878 $— $161,878 Freddie Mac39,574 — 39,574 Whole Pool Total Agency RMBS$201,452 $— $201,452 Total RMBS$300,243 $(50,555)$249,688 (1)     AOMT