Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 94

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 94
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 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 March 31, 2025, unless otherwise stated:

AOMT 2019 SecuritizationsAOMT 2020 SecuritizationsAOMT 2023 SecuritizationsAOMT 2024 Securitizations($ in thousands)UPB of loans$275,179$145,850$1,073,083$1,132,426Number of loans1,0204572,0792,599Weighted average loan coupon7.17 %5.81 %5.22 %5.78 %Average loan amount$270$319$516$436Weighted average LTV at loan origination and deal date68.5 %74.1 %68.1 %68.2 %Weighted average credit score at loan origination and deal date708720732737Current 3-month CPR (1)13.7 %4.0 %5.9 %5.9 %90+ day delinquency (as a % of UPB)9.4 %4.3 %4.1 %2.0 %Weighted Average 90+ Delinquency (as a % of Original Balance)1.4 %1.3 %3.6 %1.9 %Weighted Average LTV of 90+ Delinquent Loans (FHFA HPI Estimate) (2)47.7 %— %65.4 %68.2 %Fair value of first loss piece (3)$19,378$23,437$10,995$18,650Investment thickness (4)23.0221.277.929.29

(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.

(2)     AOMT 2020-3 does not have LTV or Federal Housing Finance Agency Home Price Index Estimates (“FHFA HPI Estimates”); accordingly, original LTV is used.

(3)     Represents the fair value of the securities we hold