Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 61

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 61
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 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)Changes in fair value, net(48)109 (558)7,831 $7,334 Ending fair value as of June 30, 2025$12,831 $80,509 $10,992 $257,552 $361,884 

The following table sets forth information with respect to our RMBS ending balances, at fair value, for the year ended December 31, 2024:

MezzanineSubordinateInterest OnlyWhole PoolTotal(in thousands)Beginning fair value as of December 31, 2023$10,972 $55,665 $13,059 $392,362 $472,058 Acquisitions:Retained bonds received in securitizations2,420 14,757 1,838 — 19,015 Third party securities— — — 938,430 938,430 Effect of principal payments / called deals(1,080)— — (1,125,653)(1,126,733)IO and excess servicing prepayments— — (1,974)— (1,974)Changes in fair value, net423 3,127 (415)(3,688)(553)Ending fair value as of  December 31, 2024$12,735 $73,549 $12