Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 60

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 60
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 RMBS portfolio both received in AOMT securitization transactions and acquired from other third parties as of December 31, 2024:

RMBSRepurchase Debt (1,3)Allocated CapitalAOMTThird Party RMBSTotalAOMTThird Party RMBSTotalAOMTThird Party RMBSTotal(in thousands)Mezzanine$12,735 $— $12,735 $5,440 $— $5,440 $7,295 $— $7,295 Subordinate73,548 — 73,548 19,829 — 19,829 53,719 — $53,719 Interest only / excess12,508 — 12,508 — — — 12,508 — $12,508 Whole pool (2)— 201,452 201,452 — — — — 201,452 $201,452 Retained RMBS in VIEs (3)— — — 25,286 — 25,286 (25,286)— $(25,286)Subtotal$98,791 $201,452 $300,243 $50,555 $— $50,555 $48,236 $201,452 $249,688 Investment in Majority Owned Affiliates$20,680 $— $20,680 $— $— $— $20,680 $— $20,680 Total$119,471 $201,452 $320,923 $50,555 $— $50,555 $68,916 $201,452 $270,368 

(1)     Repurchase debt includes borrowings against retained bonds received from on-balance sheet securitizations (i.e., consolidated VIEs).

(2)     The whole pool RMBS presented as of December 31, 2024 were purchased from a broker to whom the Company owed approximately $202 million, payable upon the settlement date of the trade. See Note 6 — Due to Broker in our unaudited condensed consolidated financial statements included in this report.

(3)     A portion of repurchase debt includes borrowings against retained bonds received from on-balance sheet securitizations (i.e.,