Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 261

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 261
---
curitizations are held in WMC RR 2023-1 Trust, a wholly owned subsidiary of the Company. WMC RR 2023-1 Trust issued certificates which were sold to various third-party investors. WMC RR 2023-1 Trust matured and was paid off in July 2025.

26

AG Mortgage Investment Trust Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)September 30, 2025

Financial Covenants The Company’s financing arrangements generally include customary representations, warranties, and covenants, but may also contain more restrictive supplemental terms and conditions. Although specific to each financing arrangement, typical supplemental terms include requirements of minimum equity and liquidity, leverage ratios, and performance triggers. In addition, some of the financing arrangements contain cross default features, whereby default under an agreement with one lender simultaneously causes default under agreements with other lenders. To the extent that the Company fails to comply with the covenants contained in these financing arrangements or is otherwise found to be in default under the terms of such agreements, the counterparty has the right to accelerate amounts due under the associated agreement. Financings pursuant to financing arrangements are generally recourse to the Company. As of September 30, 2025, the Company is in compliance with all of its financial covenants.

7. Other assets and liabilities   

The following table details certain information related to the Company's "Other assets" and "Other liabilities" line items on its consolidated balance sheets as of September 30, 2025 and December 31, 2024 (in thousands).September 30, 2025December 31, 2024Other assetsInterest receivable$48,566 $34,930 Real estate owned5,506 3,537 Derivative assets, at fair value1,004 204 Other assets2,628 3,269 Due from broker278 — Total Other assets$57,982 $41,940 Other liabilitiesDue to affiliates (1)$5,015 $4,275 Interest payable36,042 28,294 Derivative liabilities, at fair value1,909 340 Loan purchase commitment, at fair value410 — Accrued expenses2,200 1,698 Due to broker899 48 Taxes payable698 103 Total Other liabilities$47,173 $34,758 (1)Refer to Note 10 for more information.

27