Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 35

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 35
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 Loans, and Re- and Non-Performing Loans line items was $322.2 million, $46.0 million, $171.9 million, $26.5 million, and $0.8 million, respectively. 

(4)There are Legacy WMC CMBS with an unpaid principal balance of $23.5 million and a fair value of $7.0 million which are on non-accrual or cost recovery status. 

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The following table presents the fair value of our Non-Agency RMBS and Legacy WMC CMBS by credit rating as of June 30, 2025 (in thousands).

Credit Rating (1)Non-Agency RMBSLegacy WMC CMBSAAA$48,249 $— AA6,714 — A11,958 — BBB22,466 — BB14,496 5,539 B11,465 1,142 Below B— 34,509 Not Rated46,392 15,015 Total Non-Agency RMBS and Legacy WMC CMBS$161,740 $56,205 Less: Investments in Debt and Equity of Affiliates$12,623 $— Total GAAP Non-Agency RMBS and Legacy WMC CMBS $149,117 $56,205 

(1)Represents the minimum rating for rated assets of S&P, Moody's, Morningstar, and Fitch credit ratings, stated in terms of the S&P equivalent.

The following table presents the geographic concentration of the underlying collateral for our Non-Agency RMBS and Legacy WMC CMBS portfolios as of June 30, 2025 ($ in thousands).

Non-Agency RMBSLegacy WMC CMBSGeographic LocationConcentrationFair ValueGeographic LocationConcentrationFair ValueCalifornia31.9 %$51,600 California33.6 %$18,893 Florida9.0 %14,603 Bahamas26.6 %14,956 New York8.9 %14,342 Minnesota11.9 %6,668 Texas4.6 %7,432 Texas5.9 %3,287 New Jersey3.5 %5,625 New York3.5 %1,979 Other42.1 %68,138 Other18.5 %10,422 Total100.