Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 144

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 7
Chunk 144
---
)     A portion of repurchase debt includes borrowings against retained bonds received from on-balance sheet securitizations (i.e., consolidated VIEs). These bonds, with a fair value of $163.9 million, are not reflected in the consolidated balance sheets, as the Company reflects the assets of the VIE (residential mortgage loans in securitization trusts - at fair value) on its consolidated balance sheets.

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, 2023:

RMBSRepurchase Debt (1,3)Allocated CapitalAOMTThird Party RMBSTotalAOMTThird Party RMBSTotalAOMTThird Party RMBSTotal(in thousands)Mezzanine$10,972 $— $10,972 $844 $— $844 $10,128 $— $10,128 Subordinate55,665 — 55,665 19,812 — 19,812 35,853 — $35,853 Interest only / excess13,059 — 13,059 1,871 — 1,871 11,188 — $11,188 Whole pool (2)— 392,362 392,362 — — — — 392,362 $392,362 Retained RMBS in VIEs (3)— — — 22,116 — 22,116 (22,116)— $(22,116)Subtotal$79,696 $392,362 $472,058 $44,643 $— $44,643 $35,053 $392,362 $427,415 Investment in Majority Owned Affiliates$16,232 $— $16,232 $— $— $— 16,232 $— $16,232 Total$95,928 $392,362 $488,290 $44,643 $— $44,643 $51,285 $392,362 $443,647 

71

(1)     Repurchase debt includes borrowings against retained bonds received from on-balance sheet securitizations (i.e., consolidated VIEs