Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 168

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 168
---
 value of the GCAT Non-Agency RMBS Interest Only, Non-Agency RMBS Interest Only and Agency RMBS Interest Only line items were $85.6 million, $242.0 million and $107.2 million, respectively. 

17

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

(7)For certain non-Agency RMBS, the Company acted as a co-sponsor alongside an unrelated third party of rated securitizations. As the co-sponsor, the Company retained an "eligible vertical interest" to comply with risk retention rules which consists of at least 5% of each class of securities issued in the securitizations and represents the Company’s continuing involvement in these securitization trusts. The remaining tranches were sold to third parties and certain private funds managed by TPG Angelo Gordon or retained by the Company. As of March 31, 2025, the Company’s Non-Agency Securities and Non-Agency RMBS Interest Only includes $71.3 million and $2.8 million, respectively, of retained securities from these transactions. As of December 31, 2024, the Company’s Non-Agency Securities and Non-Agency RMBS Interest Only includes $47.3 million and $0.9 million, respectively, of retained securities from these transactions. (8)As of March 31, 2025, there are Legacy WMC CMBS with an unpaid principal balance of $23.5 million and a fair value of $6.5 million which are on non-accrual or cost recovery status. As of December 31, 2024, there are Legacy WMC CMBS with an unpaid principal balance of $23.5 million and a fair value of $6.0 million which are on non-accrual or cost recovery status. The following tables summarize the Company's real estate securities according to their projected weighted average life classifications as of March 31, 2025 and December 31, 2024 (in thousands).March 31, 2025Non-Agency RMBSLegacy WMC CMBSAgency RMBSWeighted Average Life (1)Fair ValueAmortizedCostFair ValueAmortized CostFair ValueAmortizedCostLess than or equal to one year$3,194 $2,746 $15,783