Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 145

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 145
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 the Company was not involved in any material legal proceedings.The below table details the Company's outstanding commitments as of June 30, 2025 (in thousands).Commitment typeDate of CommitmentTotal CommitmentFunded CommitmentRemaining CommitmentAgency-Eligible Loans (1)Various$70,467 $— $70,467 Home Equity Loans (2)Various326,930 301,680 25,250 Total$397,397 $301,680 $95,717  (1)The Company entered into commitments to acquire certain loans which have not yet settled as of June 30, 2025. The total commitment amount represents the agreed upon purchase price of any outstanding unpaid principal balance the Company has committed to purchase. The total commitment to purchase Agency-Eligible Loans includes $58.7 million related to Loan Purchase Commitments with third parties and $11.7 million related to Forward Purchase Commitments with Arc Home. Refer to Note 10 "Transactions with affiliates" for more information related to Forward Purchase Commitments with Arc Home. (2)Represents the undrawn portion of a borrowers' home equity line of credit.

13.  Segment Reporting

The Company operates its business as a single operating and reportable segment, Loans and Securities, as its business focuses on acquiring, investing in and financing residential mortgage-related assets in the U.S. mortgage market. The Company’s investment activities primarily include acquiring and securitizing newly-originated residential mortgage loans within the non-agency segment of the housing market. The Company obtains its residential mortgage loans through Arc Home or through other third-party origination partners. The Company finances its acquired loans through various financing lines on a short-term basis and utilizes TPG Angelo Gordon’s proprietary securitization platform to secure long-term, non-recourse, non-mark-to-market financing as market conditions permit. The Company’s Chief Operating Decision Maker (“CODM”) is its Chief Executive Officer. The CODM manages the business and reviews financial information presented on a consolidated basis. The CODM uses consolidated net income reported on the consolidated statements of operations as the primary measure to make resource allocation decisions and evaluate the performance of the Company. Operating expenses include management fees, non-investment related expenses, investment related expenses and transaction related expenses. The CODM is regularly provided operating expenses as presented on the consolidated statements of operations when evaluating the Company’s net income. There is no difference between segment assets and total consolidated assets as presented on the consolidated balance sheets