Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 34

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 34
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 lives of the underlying mortgages, periodic payments of principal, and prepayments of principal.

See Note 3 to the "Notes to Consolidated Financial Statements (unaudited)" 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

As of September 30, 2025, the borrowers of the Legacy WMC Commercial loans were in maturity default. The lender parties (including us) are evaluating with the borrowers consensual sales of the underlying properties collateralizing the loans and/or transferring title of all or certain of the properties to the lender parties via a deed-in-lieu of foreclosure. See Note 3 to the "Notes to Consolidated Financial Statements (unaudited)" for information on the status of the Legacy WMC Commercial loans, as well as 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 September 30, 2025 ($ in thousands).

Weighted AverageInstrumentCurrent FaceFair ValueCoupon (1)Life (Years) (2)Non-Agency RMBS by collateral type:Non-QM Loans (3)$53,458 $57,311 1.56 %2.84Agency-Eligible Loans (3)46,431 45,955 3.53 %6.78Home Equity Loans (3)37,950 52,268 6.04 %6.65Prime Jumbo Loans (3)6,345 4,795 1.03 %7.68Re- and Non-Performing Loans (3)N/A691 — %2.92Total Non-Agency RMBS$144,184 $161,020 2.45 %4.70Legacy WMC CMBSSingle-Asset/Single-Borrower - Fixed Rate$48,498 $21,301 6.11 %1.71Single-Asset/Single-Borrower - Floating Rate19,421