Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 35

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 35
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6,526 9.16 %0.57Conduit - Fixed Rate15,043 12,856 4.20 %2.44Legacy WMC CMBS (4)$82,962 $40,683 6.47 %1.58Total Non-Agency RMBS and Legacy WMC CMBS$227,146 $201,703 3.19 %4.36Less: Investments in Debt and Equity of Affiliates$4,497 $11,305 0.54 %2.31Total GAAP Non-Agency RMBS and Legacy WMC CMBS $222,649 $190,398 4.19 %5.31

(1)Equity residual investments with a zero coupon rate are excluded from this calculation. 

(2)Weighted average life is based on projected life. Typically, actual maturities are shorter than stated contractual maturities.

(3)Interest Only securities have no principal balances and bear interest based on a notional value. The notional value is used solely to determine interest distributions on the interest only classes of securities. The notional value of interest only classes included in the Non-QM Loans, Agency-Eligible Loans, Home Equity Loans, Prime Jumbo Loans, and Re- and Non-Performing Loans line items was $308.2 million, $43.4 million, $163.2 million, $25.5 million, and $0.8 million, respectively. 

(4)There are Legacy WMC CMBS with an unpaid principal balance of $23.5 million and a fair value of $7.1 million which are on non-accrual or cost recovery status. 

The following table presents the fair value of our Non-Agency RMBS and Legacy WMC CMBS by credit rating as of September 30, 2025 (in thousands).

Credit Rating (1)Non-Agency RMBSLegacy WMC CMBSAAA$45,588 $— AA6,669 — A12,062 — BBB22,765 — BB15,055 5,769 B11,938 1,151 Below B— 33,705 Not Rated46,943 58 Total Non-Agency RMBS and Legacy WMC CMBS$161,020 $40,683 Less: Investments in Debt and Equity of Aff