Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 117

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 117
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ional value is used solely to determine interest distributions on the interest only classes of securities. The notional value of interest only classes included in the Non-QM Loans, Agency-Eligible Loans, Home Equity Loans, Prime Jumbo Loans, and Re- and Non-Performing Loans line items was $336.1 million, $48.7 million, $181.4 million, $27.4 million, and $0.8 million, respectively. 

(4)There are Legacy WMC CMBS with an unpaid principal balance of $23.5 million and a fair value of $6.5 million which are on non-accrual or cost recovery status. 

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The following table presents the fair value of our Non-Agency RMBS and Legacy WMC CMBS by credit rating as of March 31, 2025 (in thousands).

Credit Rating (1)Non-Agency RMBSLegacy WMC CMBSAAA$50,533 $— AA6,774 — A6,108 — BBB24,865 — BB17,993 5,308 B11,734 1,144 Below B— 33,056 Not Rated47,662 14,783 Total Non-Agency RMBS and Legacy WMC CMBS$165,669 $54,291 Less: Investments in Debt and Equity of Affiliates$13,079 $— Total GAAP Non-Agency RMBS and Legacy WMC CMBS $152,590 $54,291 

(1)Represents the minimum rating for rated assets of S&P, Moody's, Morningstar, and Fitch credit ratings, stated in terms of the S&P equivalent.

The following table presents the geographic concentration of the underlying collateral for our Non-Agency RMBS and Legacy WMC CMBS portfolios as of March 31, 2025 ($ in thousands).

Non-Agency RMBSLegacy WMC CMBSGeographic LocationConcentrationFair ValueGeographic LocationConcentrationFair ValueCalifornia31.6 %$52,301 California35.7 %$19,389 Florida9.0 %14,955 Bahamas27.1 %14,725 New York8.8 %14,613 Minnesota11.1 %6,003 Texas4.6 %7,575 Texas5.8 %3,157 New Jersey