Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 189

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 189
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334,963 Fair value adjustment for residential mortgage loans in securitization trusts(84,316)(113,896)Residential mortgage loans in securitization trusts, at fair value$1,696,995 $1,221,067 Outstanding amount of Non-recourse securitization obligation, at amortized cost$1,630,083 $1,220,067 Fair value adjustment for the portion of Non-recourse securitization obligation, at fair value option(36,471)(50,912)Non-recourse securitization obligation, collateralized by residential mortgage loans in securitization trusts at fair value$1,593,612 $1,169,154 Weighted average fixed rate for Non-recourse securitization obligation issued3.86 %2.91 %Weighted average contractual maturity of Senior Bonds45 years43 yearsFor the period ended:December 31, 2024December 31, 2023($ in thousands)Aggregate unpaid principal balance of residential whole loans sold, at deal date$2,326,980 $1,710,381 Face amount of Non-recourse securitization obligation issued by the VIE and purchased by third-party investors, at deal date2,194,774 1,619,051 Face amount of Senior Support Certificates received by the Company, at deal date132,206 91,330 Aggregate cash received, at deal date273,266 194,746 During the years ended December 31, 2024 and 2023, the Company and its affiliates issued and sold bonds with a current face value of $575 million and $259 million to third-party investors for proceeds of $578 million and $233 million, respectively, before offering costs and accrued interest. The sold bonds issued during the years ended December 31, 2024 and 2023 are included in “Non-recourse securitization obligations, collateralized by residential mortgage loans in securitization trusts” on the Company’s consolidated balance sheets. As of December 31, 2024 and 2023, as a result of the transactions described above, securitized loans of approximately $1.8 billion  and $1.3 billion are included in “Residential mortgage loans in securitization trusts” on the Company’s consolidated balance sheets, respectively. As of December 31, 2024 and 202