Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 219

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 2
Chunk 219
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, at fair value" and "Residential mortgage loans, at fair value" line items on our consolidated balance sheets.

Legacy WMC Commercial loans

See Note 3 to the "Notes to Consolidated Financial Statements (unaudited)" for information on the coupons, weighted average life, geographic concentration, collateral characteristics, LTV, and maturities of the loans we include in the "Commercial loans, at fair value" line item on our consolidated balance sheets. 

Non-Agency RMBS and Legacy WMC CMBS

The following table presents the fair value, coupon, and weighted average life of our Non-Agency RMBS and Legacy WMC CMBS portfolios as of March 31, 2025 ($ in thousands).

Weighted AverageInstrumentCurrent FaceFair ValueCoupon (1)Life (Years) (2)Non-Agency RMBS by collateral type:Non-QM Loans (3)$54,013 $58,876 1.66 %3.24Agency-Eligible Loans (3)49,889 49,545 3.47 %6.71Home Equity Loans (3)40,083 52,025 5.89 %5.42Prime Jumbo Loans (3)6,437 4,506 0.99 %7.73Re- and Non-Performing Loans (3)N/A717 — %2.66Total Non-Agency RMBS$150,422 $165,669 2.48 %4.55Legacy WMC CMBSSingle-Asset/Single-Borrower - Fixed Rate$51,400 $22,677 6.02 %1.96Single-Asset/Single-Borrower - Floating Rate34,421 19,827 10.94 %0.68Conduit - Fixed Rate15,044 11,787 4.19 %2.55Legacy WMC CMBS (4)$100,865 $54,291 7.43 %1.61Total Non-Agency RMBS and Legacy WMC CMBS$251,287 $219,960 3.48 %4.20Less: Investments in Debt and Equity of Affiliates$4,497 $13,079 0.73 %2.69Total GAAP Non-Agency RMBS and Legacy WMC CMBS $246,790 $206,881 4.48 %4