Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 180

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 180
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 risk included bonds exposed to the first loss of the securitization in the Non-Agency VIEs and Home Equity VIEs with a fair value of $110.9 million and $57.3 million, respectively. 

(6)Excludes net other asset/(liabilities) held within the Non-Agency VIEs and Home Equity VIEs of $7.7 million and $3.8 million, respectively. 

(7)As the sponsor and depositor of each securitization, we may purchase all of the outstanding Certificates (an "Optional Redemption") following the earlier of (1) an applicable anniversary date (typically two or three years) of the respective securitization or (2) the date at which the unpaid principal balance of the applicable collateral has declined below a certain percentage (typically 10% to 30%) of the principal balance originally contributed to the securitization. As of September 30, 2025, there were 10 Non-Agency securitizations with an unpaid principal balance of $2.4 billion that met the criteria for an Optional Redemption. 

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Securitized residential mortgage loans and Residential mortgage loans

The following table presents information regarding collateral characteristics of our residential mortgage loans as of September 30, 2025 ($ in thousands).

Unpaid Principal BalanceWeighted Average (1)(2)Fair ValueLoan Count (1)Original LTV Ratio (3)Current FICO (4)CouponLife (Years) (5)Securitized residential mortgage loansNon-Agency Loans$7,298,543 $7,142,686 18,79570.80 %7655.86 %7.44Home Equity Loans921,111 1,007,911 11,05665.49 %7469.81 %5.01Re- and Non-Performing Loans160,916 138,386 1,09580.45 %6714.25 %5.53Total Securitized residential mortgage loans$8,380,570 $8,288,983 30,946 71.01 %7636.26 %7.14Residential mortgage loansAgency-Eligible Loans$95,124 $95,671 22873.80 %7726.58 %5.95Home Equity Loans121,535 129,004 1,50665.84 %7499.