Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 26

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 %23.0 %11.7 %20.2 %Florida10.2 %8.7 %10.5 %10.4 %9.1 %12.2 %New York7.2 %10.7 %6.7 %6.6 %10.8 %6.6 %New Jersey7.1 %6.2 %6.1 %8.0 %6.8 %5.2 %Pennsylvania6.1 %3.8 %5.5 %5.1 %3.9 %3.8 %Ohio5.9 %3.4 %4.0 %3.6 %1.6 %2.0 %Texas4.8 %4.4 %7.0 %6.2 %4.4 %7.9 %Illinois4.1 %7.4 %3.3 %2.2 %6.3 %3.1 %The following table presents the fair value and aggregate unpaid principal balance of the Company's residential loans and residential loans held in securitization trusts in non-accrual status as of September 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):Greater than 90 days past dueLess than 90 days past dueFair ValueUnpaid Principal BalanceFair ValueUnpaid Principal BalanceSeptember 30, 2025$99,764 $116,087 $938 $993 December 31, 2024159,558 183,067 8,098 8,749 Formal foreclosure proceedings were in process with respect to residential loans with an aggregate fair value of $73.7 million and an aggregate unpaid principal balance of $88.0 million as of September 30, 2025.Residential loans held in Consolidated SLST with an aggregate unpaid principal balance of $139.4 million and $117.1 million were 90 days or more delinquent as of September 30, 2025 and December 31, 2024, respectively. In addition, formal foreclosure proceedings were in process with respect to residential loans held in Consolidated SLST with an aggregate unpaid principal balance of $47.5 million  as of September 30, 202