Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 48

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 48
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 transactions pursuant to which we contributed to a securitization trust under the purview of AOMT I, LLC, non‑QM loans that we had accumulated and held on our balance sheet. These loans were purchased from affiliated and unaffiliated entities. In return, we received bonds from these securitization trusts, and cash. At times, we were allocated certain risk retention securities as part of these transactions. Risk retention securities represent at least 5% of a horizontal or vertical slice of the bonds issued as part of the transaction. 

Certain information regarding the mortgage loans underlying our portfolio of RMBS issued in such securitization transactions is set forth below as of March 31, 2025, unless otherwise stated:

AOMT 2019 SecuritizationsAOMT 2020 SecuritizationsAOMT 2023 SecuritizationsAOMT 2024 Securitizations($ in thousands)UPB of loans$275,179$145,850$1,073,083$1,132,426Number of loans1,0204572,0792,599Weighted average loan coupon7.17 %5.81 %5.22 %5.78 %Average loan amount$270$319$516$436Weighted average LTV at loan origination and deal date68.5 %74.1 %68.1 %68.2 %Weighted average credit score at loan origination and deal date708720732737Current 3-month CPR (1)13.7 %4.0 %5.9 %5.9 %90+ day delinquency (as a % of UPB)9.4 %4.3 %4.1 %2.0 %Weighted Average 90+ Delinquency (as a % of Original Balance)1.4 %1.3 %3.6 %1.9 %Weighted Average LTV of 90+ Delinquent Loans (FHFA HPI Estimate) (2)47.7 %— %65.4 %68.2 %Fair value of first loss piece (3)$19,378$23,437$10,995$18,650Investment thickness (4)23.0221.277.929.29

(1)     CPR is a method of expressing the prepayment rate