Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 52

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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151,905 $54,291 $60,086 $18,020 $18,299 December 31, 2024Non-Agency RMBSLegacy WMC CMBSAgency RMBSWeighted Average Life (1)Fair ValueAmortizedCostFair ValueAmortized CostFair ValueAmortizedCostLess than or equal to one year$2,983 $2,901 $14,731 $14,945 $— $— Greater than one year and less than or equal to five years16,277 13,197 38,054 44,071 676 667 Greater than five years and less than or equal to ten years71,588 75,990 — — 20,320 19,850 Greater than ten years36,731 36,370 — — — — Total as of December 31, 2024$127,579 $128,458 $52,785 $59,016 $20,996 $20,517 (1)This is based on projected life. Typically, actual maturities are shorter than stated contractual maturities. Maturities are affected by the contractual lives of the underlying mortgages, periodic payments of principal and prepayments of principal.The Company sold real estate securities during the three months ended March 31, 2025 and 2024, as detailed below ($ in thousands). Three Months EndedNumber of SecuritiesProceedsRealized GainsRealized LossesMarch 31, 2025Agency RMBS1$1,894 $241 $— Non-Agency RMBS1778 37 — March 31, 2024Non-Agency RMBS719,318 1,160 (409)

5. Fair value measurements  

The fair value of the Company's financial instruments is determined in 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 (