Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 142

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 7
Chunk 142
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OMT 2024-6, and AOMT 2024-13 is the total at risk for the Majority-Owned Affiliates.

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As of December 31, 2023AOMT 2019 SecuritizationsAOMT 2020 SecuritizationsAOMT 2023 Securitizations($ in thousands)UPB of loans$331,376$167,028$1,192,450Number of loans11975122288Weighted average loan coupon6.90 %5.80 %5.30 %Average loan amount$277$326$521Weighted average LTV at loan origination and deal date70 %74 %70 %Weighted average credit score at loan origination and deal date707720733Current 3-month CPR (1, 6)14.3 %5.4 %4.3 %90+ day delinquency (as a % of UPB)9.0 %3.0 %1.6 %Weighted Average 90+ Delinquency (as a % of Original Balance)1.5 %1.1 %1.3 %Weighted Average LTV of 90+ Delinquent Loans (FHFA HPI Estimate) (2)50.8 %74.1 %72.8 %Fair value of first loss piece (3,5)$18,057$21,389$13,003Investment thickness (4)19.15 %18.57 %3.78 %

(1)     CPR is a method of expressing the prepayment rate for a mortgage pool that assumes that a constant fraction of the remaining principal is prepaid each month or year.

(2)    AOMT 2020-3 does not have LTV or 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)     Represents the average size of the subordinate securities we own as investments in each securitization relative to the average overall size of the securitization.

(5)       The fair value of the first loss pieces presented for AOMT 2023-1, AOMT 2023-5, and AOMT 2023-7 is the total at risk for