Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 268

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 268
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% - 4.00%11.6 %16.5 %4.01% - 5.00%14.2 %20.9 %5.01% - 6.00%5.9 %9.3 %6.01% - 7.00%7.6 %7.2 %7.01% - 8.00%11.5 %8.1 %8.01% and over43.8 %30.4 %Total100.0 %100.0 %

Delinquency StatusDecember 31, 2024December 31, 2023Current91.2 %88.0 %31 – 60 days1.6 %2.2 %61 – 90 days1.1 %1.0 %90+ days6.1 %8.8 %Total100.0 %100.0 %

89

Origination YearDecember 31, 2024December 31, 20232007 or earlier13.8 %22.4 %2008 - 20162.7 %4.4 %2017 - 202011.3 %15.7 %202110.9 %19.3 %202210.5 %21.4 %20238.2 %16.8 %202442.6 %— Total100.0 %100.0 %

As of December 31, 2024 and 2023, the Company had an investment in an entity that originates residential loans. The Company purchased $307.8 million, $80.8 million and $260.6 million of residential loans from the entity during the years ended December 31, 2024, 2023 and 2022, respectively. 

Consolidated SLST

The Company owns first loss subordinated securities and certain IOs issued by Freddie Mac-sponsored residential loan securitizations. In accordance with GAAP, the Company has consolidated the underlying seasoned re-performing and non-performing residential loans of the securitizations and the CDOs issued to permanently finance these residential loans, representing Consolidated SLST.

During the year ended December 31, 2024, the Company invested in a subordinated security issued by a Freddie Mac-sponsored residential loan securitization, resulting in