Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 141

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 7
Chunk 141
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 2023 SecuritizationsAOMT 2024 Securitizations($ in thousands)UPB of loans$286,875$148,016$1,093,694$1,153,975Number of loans105346621222629Weighted average loan coupon7.19 %5.83 %5.23 %5.79 %Average loan amount$272$318$515$439Weighted average LTV at loan origination and deal date69 %74 %68 %69 %Weighted average credit score at loan origination and deal date708719732737Current 3-month CPR (1)10.1 %13.2 %7.4 %9.1 %90+ day delinquency (as a % of UPB)8.3 %4.0 %2.6 %1.6 %Weighted Average 90+ Delinquency (as a % of Original Balance)1.3 %1.3 %2.5 %2.1 %Weighted Average LTV of 90+ Delinquent Loans (FHFA HPI Estimate) (2)47.2 %— %67.0 %70.2 %Fair value of first loss piece (3,5,6)$19,226$23,405$10,995$18,650Investment thickness (4)21.92 %20.96 %7.77 %9.59 %

(1)     CPR is a method of expressing the prepayment rate for a mortgage pool that assumes that a constant fraction of the remaining principal is prepaid each month or year.

(2)         AOMT 2020-3 does not have LTV or Federal Housing Finance Agency Home Price Index Estimates (“FHFA HPI Estimates”); accordingly, original LTV is used.

(3)       Represents the fair value of the securities we hold in the first loss tranche in each securitization.

(4)       Represents the average size of the subordinate securities we own as investments in each securitization relative to the average current size of the securitization.

(5)       The fair value of the first loss pieces presented for AOMT 2023-1, AOMT 2023-5, AOMT 2023-7, AOMT 2024-3, A