Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 207

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 207
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 its balance sheet at their balance net of amortized discount and debt issuance cost, or 47.7 million. The difference between the balance net of amortized discount and debt issuance cost and the fair value is $3.0 million as of December 31, 2024. The fair value of the non-recourse securitization debt is not indicative of the amounts at which we could settle this debt. 

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The following table sets forth information about the Company’s financial assets and liabilities measured at fair value as of December 31, 2023 (1):Level 1Level 2Level 3Total(in thousands)Assets, at fair valueResidential mortgage loans$— $374,004 $6,036 $380,040 Residential mortgage loans in securitization trusts— 1,207,804 13,263 1,221,067 Investments in securitiesAOMT RMBS (1)— 79,696 — 79,696 Whole Pool Agency RMBS— 392,362 — 392,362 U.S. Treasury Securities149,927 — — 149,927 Other Assets, at fair value (2)— 11,811 — 11,811 Total assets, at fair value$149,927 $2,065,677 $19,299 $2,234,903 Liabilities, at fair valueNon-recourse securitization obligation, collateralized by residential mortgage loans (3)$— $743,189 $— $743,189 Unrealized depreciation on futures contracts(840)— — (840)Unrealized depreciation on TBAs(494)— — (494)Total liabilities, at fair value$(1,334)$743,189 $— $741,855 (1)     Non‑Agency RMBS held as of December 31, 2023 included both retained tranches of AOMT securitizations in which the Company participated, additional AOMT securities purchased in secondary market transactions, and other RMBS purchased in secondary market transactions. All AOMT CMBS held as of December 31, 2023 was comprised of a small-balance commercial loan securitization issuance in which the Company participated.(2)     Includes Commercial Loans and AOMT CMBS assets. All AOMT CMBS held as of December 31