Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 45

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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Securitized residential mortgage loans in Non-Agency VIEs include loans that were considered to be Agency-Eligible prior to the Company's securitization.(4)The holders of the securitized debt have no recourse to the general credit of the Company. The Company has no obligation to provide any other explicit or implicit support to the Non-Agency VIEs.(5)As of March 31, 2025 and December 31, 2024, the Company had outstanding financing arrangements of $393.4 million and $370.9 million, respectively, collateralized by $666.3 million and $654.3 million of the Company's retained interests in the Non-Agency VIEs, respectively. See Note 6 for more detail regarding the Company's financing arrangements. The following table details certain information related to the assets and liabilities of the RPL/NPL VIEs as of March 31, 2025 and December 31, 2024 ($ in thousands).March 31, 2025December 31, 2024Carrying ValueWeighted AverageCarrying ValueWeighted AverageYield (1)Life (Years) (2)Yield (1)Life (Years) (2)AssetsSecuritized residential mortgage loans, at fair value $143,177 6.03 %5.54$153,081 6.55 %5.53Restricted cash11 10 Other assets2,291 2,064 Total Assets$145,479 $155,155 LiabilitiesSecuritized debt, at fair value (3)$100,234 3.36 %3.47$100,554 3.34 %3.59Other liabilities293 298 Total Liabilities$100,527 $100,852 Total Equity (4)$44,952 $54,303 (1)The weighted average yields are calculated based on the amortized cost of the underlying loans or securities.(2)This is based on projected life. Typically, actual maturities are shorter than stated contractual maturities. Maturities are affected by the contractual lives of the underlying mortgages, periodic payments of principal, and prepayments of principal.(3)The holders of the securitized debt have no recourse to the general credit of the Company. The Company has no obligation to provide any other explicit or implicit support to the RPL/NPL VIEs.(4