Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 116

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 116
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 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 %4.87

(1)Equity residual investments with a zero coupon rate are excluded from this calculation. 

(2)Weighted average life is based on projected life. Typically, actual maturities are shorter than stated contractual maturities.

(3)Interest Only securities have no principal balances and bear interest based on a notional value. The not