Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 160

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 160
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31, 2025 and 2024, the Company purchased residential mortgage loans, as detailed below (in thousands).Three Months EndedMarch 31, 2025March 31, 2024Unpaid Principal BalanceFair Value (1)Unpaid Principal BalanceFair Value (1)Agency-Eligible Loans$361,538 $366,768 $268,086 $271,084 Home Equity Loans123,276 128,240 — — Non-Agency Loans— — 14,046 14,214 Total$484,814 $495,008 $282,132 $285,298 (1)Fair value represents purchase price at acquisition. 

13

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

During the three months ended March 31, 2025, the Company sold residential mortgage loans as detailed below ($ in thousands). The Company did not sell any residential mortgage loans during the three months ended March 31, 2024. Three Months Ended March 31, 2025 Number of LoansProceedsRealized GainsRealized LossesNon-Agency Loans21 $11,336 $341 $(1,152)Re- and Non-Performing Loans88 9,092 832 (1,149)Total109 $20,428 $1,173 $(2,301) The Company’s residential mortgage loan portfolio consists of mortgage loans on residential real estate located throughout the United States. The following is a summary of the geographic concentration of credit risk as of March 31, 2025 and December 31, 2024 and includes states where the exposure is greater than 5% of the fair value of the Company's residential mortgage loan portfolio. Geographic Concentration of Credit Risk (1)March 31, 2025December 31, 2024California34 %35 %New York10 %11 %Florida10 %11 %Texas6 %6 %New Jersey5 %5 %Other35 %32 %(1)Excludes the Re- and Non-Performing Loans subcategory of Residential mortgage loans above as there may be limited data available regarding the underlying collateral of these residual positions.  Variable interest entitiesThe Company entered into securitization transactions collateralized by its Non-Agency