Company: MITN
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001514281-25-000033
Chunk: 49

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 49
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 and retains the mortgage servicing rights associated with certain loans it originates. Arc Home is led by an external management team. The Board of Managers of Arc Home consists of members appointed by us and affiliates of our Manager. Our investment in Arc Home had a fair value of $30.8 million and $33.6 million as of December 31, 2024 and December 31, 2023, respectively.

Arc Home may sell loans to the Company, to third-parties, or to affiliates of the Manager. The below table details the unpaid principal balance of Non-Agency Loans and Agency-Eligible Loans sold to the Company and private funds under the management of TPG Angelo Gordon during the years ended December 31, 2024 and 2023 (in thousands).

|                                                                                                    |     | Years Ended | December 31, 2024 |     |   | December 31, 2023 |
|:---------------------------------------------------------------------------------------------------|:----|:------------|------------------:|:----|:--|------------------:|
| Residential mortgage loans sold by Arc Home to the Company                                         |     | $           |           432,543 |     | $ |           674,955 |
| Residential mortgage loans sold by Arc Home to private funds under management of TPG Angelo Gordon |     | $           |           429,107 |     | $ |           331,382 |

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As of December 31, 2022, the Company recorded a $0.5 million receivable from Arc Home related to certain loans purchased from Arc Home. The Company received payment for the full amount from Arc Home during year ended December 31, 2023.

The Company enters into forward purchase commitments with Arc Home whereby the Company commits to purchase residential mortgage loans from Arc Home at a particular price on a best-efforts basis. Actual loan purchases are contingent upon successful loan closings. These commitments to purchase mortgage loans are classified as derivatives. From time to time, the Company may determine that certain loans it has previously committed to purchase will be sold to third parties and, as a result, the derivative will be settled on a net basis with Arc Home. As of December 31, 2024 and 2023, the Company had committed to purchase residential mortgage loans from Arc Home with an unpaid principal balance of $67.2 million and $72.7 million, respectively.

Mortgage Acquisition Holding I LLC

On August 29, 2017, the