Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 13

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 13
---
,509 (25,874)54,636 Interest Only/Excess10,992 — 10,992 Retained RMBS in VIEs (2)— (31,016)(31,016)Total AOMT RMBS$104,332 $(68,062)$36,270 Whole Pool Agency RMBS (3)Fannie Mae$17,957 $— $17,957 Freddie Mac239,595 — 239,595 Total Whole Pool Agency RMBS$257,552 $— $257,552 Total RMBS$361,884 $(68,062)$293,822 (1)     AOMT RMBS held as of June 30, 2025 included both retained tranches of AOMT securitizations in which the Company participated and additional AOMT securities purchased in secondary market transactions.(2)    A portion of repurchase debt includes borrowings against retained bonds received from on-balance sheet securitizations (i.e., consolidated VIEs). These bonds, with a fair value of $178.3 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.(3)     The whole pool RMBS presented as of June 30, 2025 were purchased from a broker to whom the Company owes approximately        $254 million, payable upon the settlement date of the trade. See Note 6 - Due to Broker.  

13

Angel Oak Mortgage REIT, Inc.Notes to the Condensed Consolidated Financial Statements(Unaudited)

The following table sets forth certain information about the Company’s investments in RMBS at fair value as of December 31, 2024:December 31, 2024Real Estate Securities at Fair ValueSecurities Sold Under Agreements to RepurchaseAllocated Capital(in thousands)AOMT RMBS (1)Mezzanine$12,735 $(5,440)$7,295 Subordinate73,548 (19,829)53,719 Interest Only/Excess12,508 — 12,508 Retained RMBS in VIEs (2)— (25,286)(25,286)Total AOMT RMBS$98,791 $(50,555)$48,236