Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 91

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 91
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2)$2,200,982 $1,773,626 $427,356 167.4 %Cash$40,762 $— $40,762 15.9 %Other assets and liabilities (3)(212,801)— (212,801)(83.3)%Total$2,028,943 $1,773,626 $255,317 100.0 %

(1)     "Investment in Majority-Owned Affiliate” is held at its amortized cost basis.

(2)     “Target assets” as defined by us excludes U.S. Treasury securities, and includes our investment in a Majority-Owned Affiliates.

(3)     Other assets and liabilities presented is calculated as a net liability substantially comprised of $202 million due to broker for our quarter-end purchase of certain Freddie Mac and Fannie Mae-issued Whole Pool Agency RMBS, and excluding the portion of “other assets” which includes our investment in a Majority-Owned Affiliates, which is considered a target asset. Additionally, other assets includes $5.2 million of commercial loans and $5.6 million of CMBS.

Residential Mortgage Loans

The following table sets forth additional information on the residential mortgage loans in our portfolio as of March 31, 2025:

Portfolio RangePortfolio Weighted Average($ in thousands)Unpaid principal balance (“UPB”)$70 - $2995$493Interest rate3.87% - 11.88%7.55%Maturity date1/26/2040 - 2/9/2065January 2055FICO score at loan origination628 - 822750LTV at loan origination27.8% - 90.0%71.2%DTI at loan origination1.9% - 51.8%22.1%Percentage of first lien loansN/A98.8%Percentage of loans 90+ days delinquent (based on UPB)N/A0.6%

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 The following table sets forth additional information on the residential mortgage loans in our portfolio as of December 31, 2024:

Portfolio RangePortfolio Weighted Average($ in thousands)Unpaid principal balance (“UPB”)$75 - $2,995$537Interest rate3.87%-11.88%7.40%Maturity date8/8/2039 - 2/9/2064November 2054F