Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 96

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 96
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 Federal Housing Finance Agency Home Price Index Estimates (“FHFA HPI Estimates”); accordingly, original LTV is used.

(3)       Represents the fair value of the securities we hold in the first loss tranche in each securitization.

(4)      The fair value of the first loss pieces presented is the total at risk for the Majority-Owned Affiliates.

(5)       Represents the average size of the subordinate securities we own as investments in each securitization relative to the average current size of the securitization.

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The following table provides certain information with respect to our RMBS portfolio both received in AOMT securitization transactions and acquired from other third parties as of March 31, 2025:

RMBSRepurchase Debt (1,3)Allocated CapitalAOMTThird Party RMBSTotalAOMTThird Party RMBSTotalAOMTThird Party RMBSTotal(in thousands)Mezzanine$12,879 $— $12,879 $8,205 $— $8,205 $4,674 $— $4,674 Subordinate73,103 — 73,103 25,254 — 25,254 47,849 — $47,849 Interest only / excess11,228 — 11,228 — — — 11,228 — $11,228 Whole pool (2)— 301,062 301,062 — — — — 301,062 $301,062 Retained RMBS in VIEs (3)— — — 40,444 — 40,444 (40,444)— $(40,444)Subtotal$97,210 $301,062 $398,272 $73,903 $— $73,903 $23,307 $301,062 $324,369 Investment in Majority Owned Affiliates$20,828 $— $20,828 $— $— $— $20,828 $— $20,828 Total$118,038 $301,062 $419,100 $73,903 $— $73,903 $44,135 $301,062 $345,197 

(1)     Repurchase debt