Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 44

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 classes of mortgage pass-through certificates backed by the cash flows from the underlying residential mortgage loans (the "Certificates"). As the sponsor of the securitization, the Company retains certain Certificates issued by the securitization trusts in order to satisfy risk retention rules, which generally require the sponsor to retain at least 5% of the fair value of the Certificates issued in the securitization. The Company's continuing involvement in these securitization trusts represents its retained Certificates and the ability to purchase all of the outstanding Certificates upon the occurrence of certain events through an optional redemption right held by the Company. The Company has also engaged a related party of the Manager and direct subsidiary of TPG Angelo Gordon to act as the servicing administrator of certain securitization trusts. 

14

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

The following table details certain information related to the assets and liabilities of the Non-Agency VIEs as of March 31, 2025 and December 31, 2024 ($ in thousands).March 31, 2025December 31, 2024Carrying ValueWeighted AverageCarrying ValueWeighted AverageYield (1)Life (Years) (2)Yield (1)Life (Years) (2)AssetsSecuritized residential mortgage loans, at fair value (3)$6,399,066 5.68 %7.94$6,044,597 5.68 %8.12Other assets35,021 30,922 Total Assets$6,434,087 $6,075,519 LiabilitiesSecuritized debt, at fair value (3) (4)$5,736,457 5.21 %6.06$5,391,413 5.17 %6.05Other liabilities23,707 22,185 Total Liabilities$5,760,164 $5,413,598 Total Equity (5)$673,923 $661,921 (1)The weighted average yields are calculated based on the amortized cost of the underlying loans or securities. (2)This is based on projected life. Typically, actual maturities are shorter than stated contractual maturities. Maturities are affected by the contractual lives of the underlying mortgages, periodic payments of principal, and prepayments of principal.(3)