Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 56

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 56
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:

($ in thousands)UPB$1,781,311Fair Value$1,696,995Number of loans4,183Weighted average loan coupon5.6%Average loan amount$427Weighted average LTV at loan origination and deal date67.0%Weighted average credit score at loan origination and deal date743Current 3-month CPR7.4%Percentage of loans 90+ days delinquent (based on UPB)2.0%

The following chart illustrates the geographic distribution of the underlying collateral of our residential mortgage loans held in securitization trusts as of December 31, 2024 (percentages based on the aggregate unpaid principal balance of such loans):

Note: No state in “Other” represents more than a 3% concentration of the underlying collateral of our residential mortgage loans held in securitization trusts as of December 31, 2024. Numbers presented may add to more than 100% due to rounding.

46

RMBS

We have participated in numerous securitization transactions pursuant to which we contributed to a securitization trust under the purview of AOMT I, LLC, non‑QM loans that we had accumulated and held on our balance sheet. These loans were purchased from affiliated and unaffiliated entities. In return, we received bonds from these securitization trusts, and cash. At times, we were allocated certain risk retention securities as part of these transactions. Risk retention securities represent at least 5% of a horizontal or vertical slice of the bonds issued as part of the transaction.

Certain information regarding the mortgage loans underlying our portfolio of RMBS issued in such securitization transactions is set forth below as of June 30, 2025, unless otherwise stated:

2019 Securitizations2020 Securitizations2023 Securitizations2024 Securitizations2025 Securitizations($ in thousands)UPB of loans$266,418$141,846$1,033,497$1,092,647$348,086Number of loans983 445 2,026 2,537 727 Weighted average loan coupon7.14 %5.81 %5.21 %5.75 %7.65 %Average loan amount$271$319$510$431$479Weighted average LTV at loan origination and deal date68.2 %74.1 %67.7 %