Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 143

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 7
Chunk 143
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 the Majority-Owned Affiliates.

70

The following table provides certain information with respect to our RMBS portfolio 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 owes approximately $202.0 million, payable upon the settlement date of the trade. See Part II, Item 8, Note 7 — Due to Broker in our audited consolidated financial statements included in this Annual Report on Form 10-K.

(3