Company: AOMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001766478-25-000099
Chunk: 60

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 60
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2025:

RMBSRepurchase Debt (1,3)Allocated CapitalAOMTThird Party RMBSTotalAOMTThird Party RMBSTotalAOMTThird Party RMBSTotal(in thousands)Mezzanine$13,245 $— $13,245 $2,394 $— $2,394 $10,851 $— $10,851 Subordinate56,381 — 56,381 12,354 — 12,354 44,027 — 44,027 Interest only / excess10,260 — 10,260 — — — 10,260 — 10,260 Whole pool (2)— 155,138 155,138 — — — — 155,138 155,138 Retained RMBS in VIEs (3)— — — 39,293 — 39,293 (39,293)— (39,293)Subtotal$79,886 $155,138 $235,024 $54,041 $— $54,041 $25,845 $155,138 $180,983 Investment in Majority Owned Affiliates$21,164 $— $21,164 $— $— $— $21,164 $— $21,164 Total$101,050 $155,138 $256,188 $54,041 $— $54,041 $47,009 $155,138 $202,147 

(1)     Repurchase debt includes borrowings against retained bonds received from on-balance sheet securitizations (i.e., consolidated VIEs).

(2)     The whole pool RMBS presented as of September 30, 2025 were purchased from a broker to whom the Company owed approximately $153.8 million, payable upon the settlement date of the trade. See Note 6 — Due to Broker in our unaudited condensed consolidated financial statements included in this report.

(3)     A portion of repurchase debt includes borrowings against retained bonds received from on-balance sheet securitizations (i.e., consolidated VIEs). These bonds, with a fair value of $178.3 million, are not reflected in the condensed consolidated balance