Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 10

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 10
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 these securitization transactions.

3.    Residential Mortgage Loans

Residential mortgage loans are measured at fair value. The following table sets forth the cost, unpaid principal balance, net premium on mortgage loans purchased, fair value, weighted average interest rate, and weighted average remaining contractual maturity of the Company’s residential mortgage loan portfolio as of March 31, 2025 and December 31, 2024:March 31, 2025December 31, 2024($ in thousands)Cost$436,504 $183,149 Unpaid principal balance$424,998 $178,373 Net premium on mortgage loans purchased11,506 4,776 Change in fair value2,956 (85)Fair value$439,460 $183,064 Weighted average interest rate7.55 %7.39 %Weighted average remaining contractual maturity (years)3030At times, various forms of margin maintenance may be required by certain financing facility counterparties. See Note 5 — Financing.The following table sets forth data regarding the number of residential mortgage loans secured by residential real property ninety (90) or more days past due and also those in formal foreclosure proceedings, and the recorded investment and unpaid principal balance of such loans as of March 31, 2025 and December 31, 2024:As of:March 31, 2025December 31, 2024($ in thousands)Number of mortgage loans 90 or more days past due3 — Recorded investment in mortgage loans 90 or more days past due$2,436 $— Unpaid principal balance of loans 90 or more days past due$2,361 $— Number of mortgage loans in foreclosure— — Recorded investment in mortgage loans in foreclosure$— $— Unpaid principal balance of loans in foreclosure$— $— 

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Angel Oak Mortgage REIT, Inc.Notes to the Condensed Consolidated Financial Statements(Unaudited)

4.    Investment Securities

As of March 31, 2025, investment securities were comprised of: (i) non‑agency RMBS (“AOMT RMBS”) and (ii) Freddie Mac and Fannie Mae whole pool agency RMBS (“Whole Pool Agency RMBS”, and together with AOMT RMBS, “RMBS”), and (iii) U.S. Treasury securities. The U.S. Treasury securities held by the