Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 51

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 51
---
$20,828 $— $— $— $20,828 $— $20,828 Total$118,038 $301,062 $419,100 $73,903 $— $73,903 $44,135 $301,062 $345,197 

(1)     Repurchase debt includes borrowings against retained bonds received from on-balance sheet securitizations (i.e., consolidated VIEs).

(2)     The whole pool RMBS presented as of March 31, 2025 were purchased from a broker to whom the Company owed approximately $302.6 million, payable upon the settlement date of the trade. See Note 6 — Due to Broker in our unaudited condensed consolidated financial statements included in this report.

(3)     A portion of repurchase debt includes borrowings against retained bonds received from on-balance sheet securitizations (i.e., consolidated VIEs). These bonds, with a fair value of $160.8 million, are not reflected in the condensed consolidated balance sheets, as the Company reflects the assets of the VIE (residential mortgage loans in securitization trusts - at fair value) on its condensed consolidated balance sheets.

43

The following table provides certain information with respect to our RMBS portfolio both received in AOMT securitization transactions and acquired from other third parties as of December 31, 2024:

RMBSRepurchase Debt (1,3)Allocated CapitalAOMTThird Party RMBSTotalAOMTThird Party RMBSTotalAOMTThird Party RMBSTotal(in thousands)Mezzanine$12,735 $— $12,735 $5,440 $— $5,440 $7,295 $— $7,295 Subordinate73,548 — 73,548 19,829 — 19,829 53,719 — $53,719 Interest only / excess12,508 — 12,508 — — — 12,508 — $12,508 Whole pool (2)— 201,452 201,452 — — — — 201,452 $201,452 Retained RMBS in VIEs (3)— — — 25,286 —