Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 9

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 9
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 the Company is the primary beneficiary currently outstanding as of June 30, 2025 and December 31, 2024:As of:June 30, 2025December 31, 2024($ in thousands)Aggregate unpaid principal balance of residential whole loans sold$1,949,994 $1,781,311 Fair value adjustment for residential mortgage loans in securitization trusts(47,273)(84,316)Residential mortgage loans in securitization trusts, at fair value$1,902,721 $1,696,995 Outstanding amount of Non-recourse securitization obligation, at amortized cost$1,786,393 $1,630,083 Fair value adjustment for the portion of Non-recourse securitization obligation, at fair value option(18,464)(36,471)Non-recourse securitization obligation, collateralized by residential mortgage loans in securitization trusts$1,767,929 $1,593,612 Weighted average coupon rate for residential mortgage loans in securitization trusts5.80 %5.56 %Weighted average fixed rate for Non-recourse securitization obligation issued4.14 %3.86 %For the period ended:June 30, 2025December 31, 2024(in thousands)Aggregate unpaid principal balance of residential whole loans sold, at deal date$2,611,290 $2,326,980 Face amount of Non-recourse securitization obligation issued by the VIE and purchased by third-party investors, at deal date$2,464,868 $2,194,774 Face amount of Senior Support Certificates received by the Company, at deal date$146,422 $132,206 Cash received, at deal date$297,972 $273,266 During the three months ended June 30, 2025, the Company and its affiliates issued and sold bonds with a current face value of $261.3 million to third-party investors for proceeds of $271.7 million, before offering costs and accrued interest.  The bonds sold during the period ended June 30, 2025 are included in “Non-recourse securitization obligation, collateralized by residential mortgage loans in securitization trusts” on the Company’s condensed consolidated balance sheets.As of June 30, 2025 and December 31,