Company: AOMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001766478-25-000099
Chunk: 12

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 12
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 for investments that are  majority-owned by affiliates (“MOAs”), as of September 30, 2025 and December 31, 2024 that were retained by the Company as a result of these securitization transactions.

3.    Residential Mortgage Loans

Residential mortgage loans are measured at fair value. The following table sets forth the cost, unpaid principal balance, net premium on mortgage loans purchased, fair value, weighted average interest rate, and weighted average remaining contractual maturity of the Company’s residential mortgage loan portfolio as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024($ in thousands)Cost$420,851 $183,149 Unpaid principal balance$407,614 $178,373 Net premium on mortgage loans purchased13,237 4,776 Change in fair value4,924 (85)Fair value$425,775 $183,064 Weighted average interest rate7.98 %7.39 %Weighted average remaining contractual maturity (years)29.530.0

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Angel Oak Mortgage REIT, Inc.Notes to the Condensed Consolidated Financial Statements(Unaudited)

At times, various forms of margin maintenance may be required by certain financing facility counterparties. See Note 5 — Financing.The following table sets forth data regarding the number of residential mortgage loans secured by residential real property ninety (90) or more days past due and also those in formal foreclosure proceedings, and the recorded investment and unpaid principal balance of such loans as of September 30, 2025 and December 31, 2024:As of:September 30, 2025December 31, 2024($ in thousands)Number of mortgage loans 90 or more days past due1 — Recorded investment in mortgage loans 90 or more days past due$497 $— Unpaid principal balance of loans 90 or more days past due$473 $— Number of mortgage loans in foreclosure1 — Recorded investment in mortgage loans in foreclosure$640 $— Unpaid principal balance of loans in foreclosure$623 $— 

4.    Investment Securities

As of September 30, 2025, investment securities were comprised of: (i) non‑agency RMBS (“AOMT RMBS”) and (ii) Freddie Mac and Fannie Mae whole pool agency RM