Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 59

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 59
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zzanine$12,831 $— $12,831 $11,172 $— $11,172 $1,659 $— $1,659 Subordinate80,509 — 80,509 25,874 — 25,874 54,635 — 54,635 Interest only / excess10,992 — 10,992 — — — 10,992 — 10,992 Whole pool (2)— 257,552 257,552 — — — — 257,552 257,552 Retained RMBS in VIEs (3)— — — 31,016 — 31,016 (31,016)— (31,016)Subtotal$104,332 $257,552 $361,884 $68,062 $— $68,062 $36,270 $257,552 $293,822 Investment in Majority Owned Affiliates$20,992 $— $20,992 $— $— $— $20,992 $— $20,992 Total$125,324 $257,552 $382,876 $68,062 $— $68,062 $57,262 $257,552 $314,814 

(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 June 30, 2025 were purchased from a broker to whom the Company owed approximately $254.2 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 $178.3 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.

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The following table provides certain information with respect to our