Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 202

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 3
Chunk 202
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encies and defaults on these loans are higher than our expectation at the time the loans were purchased, the discounted purchase price at which the asset is acquired is intended to provide a level of protection against financial loss. 

The following table presents certain information about our Residential whole loans at March 31, 2025:

Single-family transitional loansMultifamily transitional loansSingle-family rental loansNon-QM loansLegacy RPL/NPL loans Loans with an LTV:Loans with an LTV:Loans with an LTV:Loans with an LTV:Loans with an LTV:(Dollars in Thousands)80% or BelowAbove 80%80% or BelowAbove 80%80% or BelowAbove 80%80% or BelowAbove 80%80% or BelowAbove 80%Amortized cost$905,818 $101,681 $807,706 $68,414 $1,336,754 $25,310 $4,500,104 $225,252 $861,403 $118,197 Unpaid principal balance (UPB)$904,928 $101,352 $806,856 $68,270 $1,330,336 $25,285 $4,386,954 $221,009 $1,010,214 $185,992 Weighted average coupon (1)10.5 %9.7 %9.5 %9.7 %6.4 %5.9 %6.6 %7.0 %5.2 %5.0 %Weighted average term to maturity (months)5 2 5 3 318 321 338 343 243 292 Weighted average LTV (2)65 %113 %63 %95 %66 %151 %63 %85 %46 %103 %Loans 90+ days delinquent UPB$63,134 $42,973 $35,643 $32,011 $28,275 $20,919 $109,304 $13,977 $163,887 $51,729 

(1)Weighted average is calculated based on the interest bearing principal balance of each loan within the related category.  For loans acquired with servicing rights released by the seller, interest