Company: MITN
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001514281-25-000026
Chunk: 143

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 143
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 not available. Data is based on the latest available information.

(5)Weighted average life 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.

See Note 3 to the "Notes to Consolidated Financial Statements" for additional information on credit quality and a breakout of geographic concentration of credit risk within loans we include in the "Securitized residential mortgage loans, at fair value" and "Residential mortgage loans, at fair value" line items on our consolidated balance sheets.

Legacy WMC Commercial loans

See Note 3 to the "Notes to Consolidated Financial Statements" for information on the coupons, weighted average life, geographic concentration, collateral characteristics, LTV, and maturities of the loans we include in the "Commercial loans, at fair value" line item on our consolidated balance sheets. 

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Non-Agency RMBS and Legacy WMC CMBS 

The following table presents the fair value, coupon, and weighted average life of our Non-Agency RMBS and Legacy WMC CMBS portfolios as of December 31, 2024 ($ in thousands).

Weighted AverageInstrumentCurrent FaceFair ValueCoupon (1)Life (Years) (2)GCAT Non-Agency RMBSGCAT Non-Agency Securities$43,794 $36,479 4.94 %6.74GCAT Non-Agency RMBS Interest Only (3)N/A3,836 0.38 %3.16MATT Non-QM Securities (3) 4,497 13,304 0.30 %2.99Re/Non-Performing Securities (3)996 2,462 4.47 %0.87Total GCAT Non-Agency RMBS49,287 56,081 1.25 %3.43Non-Agency Securities79,524 74,977 5.94 %10.77Non-Agency RMBS Interest Only (3)N/A12,287 2.28 %4.65Total Non-Agency RMBS$128,811 $143,345 2.39 %4.44CMBS (4)100,896 52,785 5.13 %1.77Total Non-Agency RMBS and CMBS$229,707 $196,130 2