Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 109

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 109
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 trust under the purview of AOMT I, LLC, non‑QM loans that we had accumulated and held on our balance sheet. These loans were purchased from affiliated and unaffiliated entities. In return, we received bonds from these securitization trusts, and cash. At times, we were allocated certain risk retention securities as part of these transactions. Risk retention securities represent at least 5% of a horizontal or vertical slice of the bonds issued as part of the transaction.

Certain information regarding the mortgage loans underlying our portfolio of RMBS issued in such securitization transactions is set forth below as of June 30, 2025, unless otherwise stated:

2019 Securitizations2020 Securitizations2023 Securitizations2024 Securitizations2025 Securitizations($ in thousands)UPB of loans$266,418$141,846$1,033,497$1,092,647$348,086Number of loans983 445 2,026 2,537 727 Weighted average loan coupon7.14 %5.81 %5.21 %5.75 %7.65 %Average loan amount$271$319$510$431$479Weighted average LTV at loan origination and deal date68.2 %74.1 %67.7 %68.0 %71.8 %Weighted average credit score at loan origination and deal date708720732736751Current 3-month CPR (1)10.5 %8.9 %12.7 %11.9 %12.0 %90+ day delinquency (as a % of UPB)9.2 %2.3 %3.6 %2.0 %— %Weighted Average 90+ Delinquency (as a % of Original Balance)1.3 %0.7 %3.3 %2.0 %— %Weighted Average LTV of 90+ Delinquent Loans (FHFA HPI Estimate) (2)46.6 %74.1 %65.1 %68.3 %— %Fair value of first loss piece (3)$19,582$23,447$11,151$18,026$5,608Investment thickness (4)23.83 %21.87 %