Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 106

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 106
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— 20,680 8.1 %Total investment securities$320,923 $50,555 $270,368 105.9 %Total investment portfolio$2,200,982 $1,773,626 $427,356 167.4 %Target assets (2)$2,200,982 $1,773,626 $427,356 167.4 %Cash$40,762 $— $40,762 15.9 %Other assets and liabilities (3)(212,801)— (212,801)(83.3)%Total$2,028,943 $1,773,626 $255,317 100.0 %

(1)     "Investment in Majority-Owned Affiliate” is held at its amortized cost basis.

(2)     “Target assets” as defined by us excludes U.S. Treasury securities, and includes our investment in a Majority-Owned Affiliates.

(3)     Other assets and liabilities presented is calculated as a net liability substantially comprised of $202.0 million due to broker for our quarter-end purchase of certain Freddie Mac and Fannie Mae-issued Whole Pool Agency RMBS, and excluding the portion of “other assets” which includes our investment in Majority-Owned Affiliates, which is considered a target asset. Additionally, other assets includes $5.2 million of commercial loans and $5.6 million of CMBS.

Residential Mortgage Loans

The following table sets forth additional information on the residential mortgage loans in our portfolio as of June 30, 2025:

Portfolio RangePortfolio Weighted Average($ in thousands)Unpaid principal balance (“UPB”)$5 - $2,998$286Interest rate3.87% - 15.54%8.37%Maturity date8/8/2039 - 3/31/2065August 2054FICO score at loan origination628 - 850755CLTV at loan origination3.5% - 90.0%68.6%DTI at loan origination2.2% - 50.0%21.1%Percentage of first lien loansN/A72.9%Percentage of loans 90+ days delinquent (based on UPB)N/A1.1%

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 The following table sets forth additional information on the residential mortgage loans in our portfolio as of December 31,