Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 233

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 233
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 mortgage loans as detailed below ($ in thousands). Three Months EndedNine Months Ended Number of LoansProceedsRealized GainsRealized LossesNumber of LoansProceedsRealized GainsRealized LossesSeptember 30, 2025Agency-Eligible Loans— $— $— $— 88 $37,333 $238 $(219)Non-Agency Loans— — — — 21 11,336 341 (1,152)Re- and Non-Performing Loans— — — — 88 9,092 832 (1,149)Total— $— $— $— 197 $57,761 $1,411 $(2,520)September 30, 2024Agency-Eligible Loans190 $73,614 $356 $(276)190 $73,614 $356 $(276)Non-Agency Loans160 86,349 1,274 (137)160 86,349 1,274 (137)Total350 $159,963 $1,630 $(413)350 $159,963 $1,630 $(413) The Company’s residential mortgage loan portfolio consists of mortgage loans on residential real estate located throughout the United States. The following is a summary of the geographic concentration of credit risk as of September 30, 2025 and December 31, 2024 and includes states where the exposure is greater than 5% of the fair value of the Company's residential mortgage loan portfolio. Geographic Concentration of Credit Risk (1)September 30, 2025December 31, 2024California30 %35 %Florida10 %11 %New York8 %11 %Texas6 %6 %New Jersey4 %5 %Other42 %32 %(1)Excludes the Re- and Non-Performing Loans subcategory of Residential mortgage loans above as there may be limited data available regarding the underlying collateral of these residual positions.  Variable interest entitiesThe Company entered into securitization transactions collateralized by its Non-Agency Loans/Agency-Eligible Loans, Home Equity Loans, and re- and non-performing loans, of which the securitization trusts are considered VIEs. The Company was determined to be the primary beneficiary of the VIE