Company: MITN
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001514281-25-000026
Chunk: 145

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 145
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 Legacy WMC CMBS portfolio as of December 31, 2024 ($ in thousands). 

InstrumentCurrent FaceFair ValueNon-Agency RMBSNon-QM Loans (1)$54,013 $58,453 Re- and Non-Performing Loans (1)996 2,462 Prime (1)58,276 55,400 Home Equity Loans (1)15,526 27,030 Total Non-Agency RMBS$128,811 $143,345 Legacy WMC CMBSSingle-Asset/Single-Borrower - Fixed Rate$51,400 $22,023 Single-Asset/Single-Borrower - Floating Rate34,450 19,671 Conduit - Fixed Rate15,046 11,091 Total Legacy WMC CMBS$100,896 $52,785 

(1)The current face on our Non-Agency RMBS excludes interest only classes which have no principal balances and bear interest based on a notional value. The notional value is used solely to determine interest distributions on the interest only classes of securities. As of December 31, 2024, the notional value of interest only classes included in the Non-QM Loans, Re-and Non-Performing Loans,  Prime, and Home Equity Loans line items was $350.2 million, $1.0 million, $78.7 million, and $163.3 million respectively.  

The following table presents the geographic concentration of the underlying collateral for our Non-Agency RMBS and Legacy WMC CMBS portfolios as of December 31, 2024 ($ in thousands).

Non-Agency RMBSLegacy WMC CMBSGeographic LocationConcentrationFair ValueGeographic LocationConcentrationFair ValueCalifornia33.3 %$47,715 California35.4 %$18,667 New York9.6 %13,808 Bahamas27.9 %14,700 Florida9.0 %12,918 Minnesota11.2 %5,908 Texas4.5 %6,398 Texas5.9 %3,093 New Jersey3.2 %4,530 New York3.2 %1,680 Other40.4 %57,976 Other16.4 %8,737 Total100.0 %$143,345 Total100.0 %$52,785