AG Mortgage Investment Trust, Inc. (MITT-PC)

Overview

AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust (REIT) in the United States. The company manages a diverse investment portfolio that primarily includes residential investments, which encompass non-qualifying mortgage loans, loans from government-sponsored entities for non-owner occupied properties, and both re-performing and non-performing loans. Additionally, the company is involved in land-related financing and agency residential mortgage-backed securities, as well as making commercial investments. As a registered real estate investment trust, AG Mortgage qualifies for federal income tax advantages, meaning it generally avoids federal corporate income taxes by distributing at least 90% of its taxable income to its stockholders. Founded in 2011, AG Mortgage is headquartered in New York, New York.

Products and Services

• Residential Investments

  This includes various types of mortgage loans that are used to finance the purchase of residential properties. AG Mortgage focuses on non-qualifying mortgage loans and government-sponsored loans for non-owner occupied residences.

• Non-Qualifying Mortgage Loans

  These loans are aimed at borrowers who may not meet the conventional lending criteria, allowing for broader access to home financing options, which can be pivotal for many buyers.

• Government-Sponsored Entity Non-Owner Occupied Loans

  AG Mortgage invests in loans that are backed by government-sponsored entities, specifically designed for properties that are not occupied by the owner, which typically come with certain risk profiles and investment returns.

• Re/Non-Performing Loans

  This product category includes loans that are either re-performing or not performing at all. AG Mortgage seeks to manage and potentially profit from these loans, either by working towards loan modifications or through resolution strategies that enhance portfolio performance.

• Land Related Financing

  AG Mortgage offers financing options related to land development, providing funds that can help with construction or the development of residential projects, contributing to the growth of housing supply.

• Agency Residential Mortgage-Backed Securities

  These securities are backed by pools of residential mortgage loans that are guaranteed by government-sponsored enterprises, presenting an investment avenue with certain levels of risk mitigation due to the backing.

• Commercial Investments

  Alongside its residential mortgage focus, AG Mortgage also engages in commercial investments, diversifying its portfolio to include various forms of commercial real estate financing.