Company: AOMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001766478-25-000099
Chunk: 13

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 13
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BS (“Whole Pool Agency RMBS”, and together with AOMT RMBS, “RMBS”). In September 2025, the Company in conjunction with the Company’s affiliates exercised its call rights on the AOMT 2019-2 and AOMT 2019-4 securitizations and subsequently re-securitized the underlying loans in AOMT 2025-R1. This transaction resulted in $19.4 million of cash which was used for new loan purchases and other accretive uses, and $7.3 million of non-performing loans that are classified as held for sale and recorded in other assets. See Note 8 — Fair Value Measurements and Note 12 — Other Assets.The following table sets forth a summary of RMBS at cost as of September 30, 2025 and December 31, 2024: September 30, 2025December 31, 2024(in thousands)AOMT RMBS$80,249 $101,801 Whole Pool Agency RMBS$153,819 $201,994 

12

Angel Oak Mortgage REIT, Inc.Notes to the Condensed Consolidated Financial Statements(Unaudited)

The following tables sets forth certain information about the Company’s investments in RMBS at fair value as of September 30, 2025:September 30, 2025Real Estate Securities at Fair ValueSecurities Sold Under Agreements to RepurchaseAllocated Capital(in thousands)AOMT RMBS (1)Mezzanine$13,246 $(2,394)$10,852 Subordinate56,382 (12,354)44,028 Interest Only/Excess10,258 — 10,258 Retained RMBS in VIEs (2)— (39,293)(39,293)Total AOMT RMBS$79,886 $(54,041)$25,845 Whole Pool Agency RMBS (3)Fannie Mae$126,970 $— $126,970 Freddie Mac28,168 — 28,168 Total Whole Pool Agency RMBS$155,138 $— $155,138 Total RMBS$235,024 $(54,041)$180,983 (1)     AOMT RMBS held as of September 30, 2025 included both retained tranches of AOMT securitizations in which the Company