Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 138

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 7
Chunk 138
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 $41,625 16.2 %Other assets and liabilities (3)(371,423)— (371,423)(145.0)%Total$1,909,526 $1,653,420 $256,106 100.0 %

(1)     Our Investment in Majority-Owned Affiliates is held at its amortized cost basis

(2)     “Target assets” as defined by us excludes U.S. Treasury Securities, and includes our investment in Majority-Owned Affiliates.

(3)     Other assets and liabilities presented is calculated as a net liability substantially comprised of $392 million due to broker for our quarter-end purchase of certain certain Freddie Mac and Fannie Mae-issued Whole Pool Agency RMBS, and excluding the portion of “other assets” which includes our investment in a Majority-Owned Affiliates, which is considered a target asset. Additionally, other assets includes $5.2 million of commercial loans and $6.6 million of CMBS.

Residential Mortgage Loans

The following table sets forth additional information on the residential mortgage loans in our portfolio as of December 31, 2024:

Portfolio RangePortfolio Weighted Average($ in thousands)Unpaid principal balance (“UPB”)$75 - $2,995$537Interest rate3.87%-11.88%7.4%Maturity date8/8/2039 - 9/26/2064November 2054FICO score at loan origination628-822752LTV at loan origination31.9%-90.0%71.7%DTI at loan origination1.94%-50.0%31.2%Percentage of first lien loansN/A96.7%Percentage of loans 90+ days delinquent (based on UPB)N/A—%

63

The following table sets forth additional information on the residential mortgage loans in our portfolio as of December 31, 2023:

Portfolio RangePortfolio Weighted Average($ in thousands)UPB$18-$3,410$492Interest rate2.99%-12.50%6.8%Maturity date9/27/2048 - 11/27/2063December 2053FICO score at loan origination624-825748LTV at loan origination9.0%-90.0%69.4%DTI at loan origination1.9%-59.1%30.9%Percentage of first lien loansN/A100