Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 246

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 246
---
 220,217 Legacy WMC Commercial loans— — 67,005 67,005 Non-Agency RMBS— 12,046 115,533 127,579 Legacy WMC CMBS— 52,785 — 52,785 Agency RMBS— 20,996 — 20,996 Derivative assets (2)— 11,414 204 11,618 Cash equivalents (3)117,979 — — 117,979 AG Arc (4)— — 30,778 30,778 Total Assets Measured at Fair Value$117,979 $99,070 $6,629,586 $6,846,635 Liabilities:Securitized debt$— $— $(5,491,967)$(5,491,967)Derivative liabilities (2)— (38)(336)(374)Total Liabilities Measured at Fair Value$— $(38)$(5,492,303)$(5,492,341)(1)The Company has chosen to make a fair value election pursuant to ASC 825 for its loan purchase commitments. Loan purchase commitment assets and liabilities are included in the "Other assets" and "Other liabilities" line items on the consolidated balance sheets, respectively.  (2)As of June 30, 2025, the Company applied a reduction in fair value of $5.3 million and $1.5 million to its interest rate swap assets and liabilities, respectively, related to variation margin with a corresponding increase or decrease in restricted cash. As of December 31, 2024, the Company applied a reduction in fair value of $11.4 million and $35.0 thousand to its interest rate swap assets and liabilities, respectively, related to variation margin with a corresponding increase or decrease in restricted cash, net of collateral posted by the Company's derivative counterparties. Derivative assets and liabilities are included in the "Other assets" and "Other liabilities" line items on the consolidated balance sheets, respectively. Refer to Note 7 for more information on the Company's derivatives. (3)The Company classifies highly liquid investments with original maturities of three months or less from the date of purchase as cash equivalents. Cash equivalents may include cash invested in money market funds and are carried at cost, which approximates fair value.(4)The table above includes the Company's investment in AG Arc,