Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 113

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 113
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,286 — 25,286 (25,286)— $(25,286)Subtotal$98,791 $201,452 $300,243 $50,555 $— $50,555 $48,236 $201,452 $249,688 Investment in Majority Owned Affiliates$20,680 $— $20,680 $— $— $— $20,680 $— $20,680 Total$119,471 $201,452 $320,923 $50,555 $— $50,555 $68,916 $201,452 $270,368 

(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 December 31, 2024 were purchased from a broker to whom the Company owed approximately $202 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 $163.9 million, are not reflected in the consolidated balance sheets, as the Company reflects the assets of the VIE (residential mortgage loans in securitization trusts - at fair value) on its condensed consolidated balance sheets.

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The following table sets forth information with respect to our RMBS ending balances, at fair value, as of June 30, 2025:

MezzanineSubordinateInterest OnlyWhole PoolTotal(in thousands)Beginning fair value as of March 31, 2025$12,879 $73,103 $11,228 $301,062 $398,272 Acquisitions:Retained bonds received in securitizations— 7,493 586 — $8,079 Third party securities— — — 254,228 $254,228 Effect of principal payments / called deals— (196)— (305,569)$(305,765)IO and excess servicing prepayments— — (264)— $(264