Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 183

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 183
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aturities.

(3)Interest Only securities have no principal balances and bear interest based on a notional value. The notional value is used solely to determine interest distributions on the interest only classes of securities. The notional value of interest only classes included in the Non-QM Loans, Agency-Eligible Loans, Home Equity Loans, Prime Jumbo Loans, and Re- and Non-Performing Loans line items was $308.2 million, $43.4 million, $163.2 million, $25.5 million, and $0.8 million, respectively. 

(4)There are Legacy WMC CMBS with an unpaid principal balance of $23.5 million and a fair value of $7.1 million which are on non-accrual or cost recovery status. 

The following table presents the fair value of our Non-Agency RMBS and Legacy WMC CMBS by credit rating as of September 30, 2025 (in thousands).

Credit Rating (1)Non-Agency RMBSLegacy WMC CMBSAAA$45,588 $— AA6,669 — A12,062 — BBB22,765 — BB15,055 5,769 B11,938 1,151 Below B— 33,705 Not Rated46,943 58 Total Non-Agency RMBS and Legacy WMC CMBS$161,020 $40,683 Less: Investments in Debt and Equity of Affiliates$11,305 $— Total GAAP Non-Agency RMBS and Legacy WMC CMBS $149,715 $40,683 

(1)Represents the minimum rating for rated assets of S&P, Moody's, Morningstar, and Fitch credit ratings, stated in terms of the S&P equivalent.

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The following table presents the geographic concentration of the underlying collateral for our Non-Agency RMBS and Legacy WMC CMBS portfolios as of September 30, 2025 ($ in thousands).

Non-Agency RMBSLegacy WMC CMBSGeographic LocationConcentrationFair ValueGeographic LocationConcentrationFair ValueCalifornia32.4 %$52,167 California43.9 %$17,859 Florida9.1 %14,655 Minnesota16.4 %6,672 New York8.6 %13,928 Texas8.9 %