Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 51

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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curitizations. As the co-sponsor, the Company retained an "eligible vertical interest" to comply with risk retention rules which consists of at least 5% of each class of securities issued in the securitizations and represents the Company’s continuing involvement in these securitization trusts. The remaining tranches were sold to third parties and certain private funds managed by TPG Angelo Gordon or retained by the Company. As of March 31, 2025, the Company’s Non-Agency Securities and Non-Agency RMBS Interest Only includes $71.3 million and $2.8 million, respectively, of retained securities from these transactions. As of December 31, 2024, the Company’s Non-Agency Securities and Non-Agency RMBS Interest Only includes $47.3 million and $0.9 million, respectively, of retained securities from these transactions. (8)As of March 31, 2025, there are Legacy WMC CMBS with an unpaid principal balance of $23.5 million and a fair value of $6.5 million which are on non-accrual or cost recovery status. As of December 31, 2024, there are Legacy WMC CMBS with an unpaid principal balance of $23.5 million and a fair value of $6.0 million which are on non-accrual or cost recovery status. The following tables summarize the Company's real estate securities according to their projected weighted average life classifications as of March 31, 2025 and December 31, 2024 (in thousands).March 31, 2025Non-Agency RMBSLegacy WMC CMBSAgency RMBSWeighted Average Life (1)Fair ValueAmortizedCostFair ValueAmortized CostFair ValueAmortizedCostLess than or equal to one year$3,194 $2,746 $15,783 $21,186 $— $— Greater than one year and less than or equal to five years40,675 38,731 38,508 38,900 648 642 Greater than five years and less than or equal to ten years78,045 80,427 — — 17,372 17,657 Greater than ten years30,676 30,001 — — — — Total as of March 31, 2025$152,590 $