Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 170

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 170
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 accordance with the provisions of ASC 820, "Fair Value Measurements and Disclosures." When possible, the Company determines fair value using third-party data sources. ASC 820 establishes a hierarchy that prioritizes the inputs to valuation techniques. Level 1 inputs are observable inputs that reflect quoted prices for identical assets or liabilities in active markets. Level 2 inputs are observable inputs other than quoted prices and may include quoted prices for similar assets and liabilities in active markets. Level 3 inputs are significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used and reflect the Company’s assumptions about the factors that market participants would use in pricing an asset or liability, and would be based on the best information available. In certain cases, inputs used to measure fair value fall into different levels of the fair value hierarchy. In such cases, the level at which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement.

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AG Mortgage Investment Trust Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)March 31, 2025

The following tables present the Company’s financial instruments measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024 (in thousands). Fair Value at March 31, 2025 Level 1Level 2Level 3TotalAssets:    Securitized residential mortgage loans $— $— $6,542,243 $6,542,243 Residential mortgage loans — 1,685 267,553 269,238 Legacy WMC Commercial Loans— — 65,504 65,504 Non-Agency RMBS— 11,472 141,118 152,590 Legacy WMC CMBS— 54,291 — 54,291 Agency RMBS— 18,020 — 18,020 Derivative assets (1)— 6,410 — 6,410 Cash equivalents (2)114,880 — — 114,880 AG Arc (3)— — 32,242 32,242 Total Assets Measured at Fair Value$114,880 $91,878 $7,048,660 $7,255,418 Liabilities: