Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 26

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 26
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 fair valueResidential mortgage loans$— $183,064 $— $183,064 Residential mortgage loans in securitization trusts— 1,664,921 32,074 1,696,995 Investments in securitiesAOMT RMBS (1)— 98,791 — 98,791 Whole Pool Agency RMBS— 201,452 — 201,452 Unrealized appreciation on futures contracts987 — — 987 Unrealized appreciation on TBAs528 — — 528 Other Assets, at fair value (2)— 10,807 — 10,807 Total assets, at fair value$1,515 $2,159,035 $32,074 $2,192,624 Liabilities, at fair valueNon-recourse securitization obligation, collateralized by residential mortgage loans (3)$— $1,524,828 $— $1,524,828 Total liabilities, at fair value$— $1,524,828 $— $1,524,828 (1)     AOMT RMBS held as of December 31, 2024 included both retained tranches of AOMT securitizations in which the Company participated, additional AOMT securities purchased in secondary market transactions, and other RMBS purchased in secondary market transactions.(2)     Includes Commercial Loans and AOMT CMBS assets. All AOMT CMBS held as of December 31, 2024 was comprised of a small-balance commercial loan securitization issuance in which the Company participated.(3)     Only the portion subject to fair value measurement, as adjusted for fair value, is presented above. See below for the disclosure of the full debt at fair value.All unrealized gains and losses arising from valuation changes in residential and commercial mortgage loans, TBAs, and futures contracts are recognized in net income for the periods presented.Transfers from Level 2 to Level 3 were comprised of residential loans more than 90 days overdue (including those in foreclosure) and commercial mortgage loans in special servicing or otherwise considered “non‑performing” by the Company’s third‑party valuation providers. Transfers between Levels are deemed to take place on the first day of the reporting period in which the transfer has taken place. Transfers between Level 2 and Level 3 were immaterial for