Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 110

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 110
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8.17 %9.63 %5.00 %

(1)     CPR is a method of expressing the prepayment rate for a mortgage pool that assumes that a constant fraction of the remaining principal is prepaid each month or year.

(2)     AOMT 2020-3 does not have LTV or Federal Housing Finance Agency Home Price Index Estimates (“FHFA HPI Estimates”); accordingly, original LTV is used.

(3)     Represents the fair value of the securities we hold in the first loss tranche in each securitization including the total at risk for the Majority-Owned Affiliates.

(4)           Represents the average size of the subordinate securities we own as investments in each securitization relative to the average current size of the securitization.

47

Certain information regarding the mortgage loans underlying our portfolio of RMBS issued in AOMT securitization transactions is set forth below as of December 31, 2024, unless otherwise stated:

2019 Securitizations2020 Securitizations2023 Securitizations2024 Securitizations($ in thousands)UPB of loans$286,875$148,016$1,093,694$1,153,975Number of loans105346621222629Weighted average loan coupon7.19 %5.83 %5.23 %5.79 %Average loan amount$272$318$515$439Weighted average LTV at loan origination and deal date69 %74 %68 %69 %Weighted average credit score at loan origination and deal date708719732737Current 3-month CPR (1)10.1 %13.2 %7.4 %9.1 %90+ day delinquency (as a % of UPB)8.3 %4.0 %2.6 %1.6 %Weighted Average 90+ Delinquency (as a % of Original Balance)1.3 %1.3 %2.5 %2.1 %Weighted Average LTV of 90+ Delinquent Loans (FHFA HPI Estimate) (2)47.2 %— %67.0 %70.2 %Fair value of first loss piece (3, 4)$19,226$23,