Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 179

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 179
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 Credit Risk until the later of (i) the fifth anniversary of the securitization closing date and (ii) the date on which the aggregate unpaid principal balance of the mortgage loans has been reduced to 25% of the aggregate unpaid principal balance of the mortgage loans as of the securitization closing date, but no longer than the seventh anniversary of the closing date. 

(5)A portion of our equity at risk included bonds exposed to the first loss of the securitization with a fair value of $106.4 million. 

(6)Excludes net other asset/(liabilities) held within the VIEs of $7.5 million. 

(7)As the sponsor and depositor of each securitization, we may purchase all of the outstanding Certificates (an "Optional Redemption") following the earlier of (1) an applicable anniversary date (typically two or three years) of the respective securitization or (2) the date at which the unpaid principal balance of the applicable collateral has declined below a certain percentage (typically 10% to 30%) of the principal balance originally contributed to the securitization. As of June 30, 2025, there were 8 securitizations with an unpaid principal balance of $1.8 billion that met the criteria for an Optional Redemption. 

Securitized residential mortgage loans and Residential mortgage loans

The following table presents information regarding collateral characteristics of our residential mortgage loans as of June 30, 2025 ($ in thousands).

Unpaid Principal BalanceWeighted Average (1)(2)Fair ValueLoan Count (1)Original LTV Ratio (3)Current FICO (4)CouponLife (Years) (5)Securitized residential mortgage loansNon-Agency Loans$6,745,966 $6,510,682 17,17770.13 %7655.72 %7.86Re- and Non-Performing Loans164,506 138,306 1,11480.38 %6694.10 %5.54Total Securitized residential mortgage loans$6,910,472 $6,648,988 18,291 70.37 %7635.68 %7.81Residential mortgage loansAgency-Eligible Loans$1,552 $1,509 578.51 %7886.17 %7.08Home Equity Loans301,680 323,930