Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 47

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 47
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 in securitization trusts as of March 31, 2025:

($ in thousands)UPB$1,738,099Fair Value$1,672,189Number of loans4,107Weighted average loan coupon5.55%Average loan amount$424Weighted average LTV at loan origination and deal date67.0%Weighted average credit score at loan origination and deal date743Current 3-month constant prepayment rate (“CPR”) (1)6.4%Percentage of loans 90+ days delinquent (based on UPB)1.7%

(1)     CPR is a method of expressing the prepayment rate for a mortgage pool that assumes that a constant fraction of the remaining principal is prepaid each month or year.

The following chart illustrates the geographic distribution of the underlying collateral of our residential mortgage loans held in securitization trusts as of March 31, 2025 (percentages based on the aggregate unpaid principal balance of such loans):

Note: No state in “Other” represents more than a 3% concentration of the underlying collateral of our residential mortgage loans held in securitization trusts as of March 31, 2025. Numbers presented may add to more than 100% due to rounding.

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The following table sets forth the information regarding the underlying collateral of our residential mortgage loans held in securitization trusts as of December 31, 2024:

($ in thousands)UPB$1,781,311Fair Value1,696,995Number of loans4,183Weighted average loan coupon5.6%Average loan amount$427Weighted average LTV at loan origination and deal date67.0%Weighted average credit score at loan origination and deal date743Current 3-month CPR7.4%Percentage of loans 90+ days delinquent (based on UPB)2.0%

The following chart illustrates the geographic distribution of the underlying collateral of our residential mortgage loans held in securitization trusts as of December 31, 2024 (percentages based on the aggregate unpaid principal balance of such loans):

Note: No state in “Other” represents more than a 4% concentration of the underlying collateral of our residential mortgage loans held in securitization trusts as of December 31, 2024. Numbers presented may add to more than 100% due to rounding.

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RMBS

We have participated in numerous securitization