Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 276

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 276
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 9.83 %43.69.00% Senior Notes due 2029Unsecured75,000 72,618 9.94 %49.5Impact of net Swap carry(0.64)%Total Financing agreements (2)$9,580,022 $9,505,802 4.68 %December 31, 2024(Dollars In Thousands)CollateralUnpaid Principal BalanceFair Value/Carrying Value (1)Weighted Average Cost of Funding (2)Weighted Average Term to Maturity (Months)Agreements with mark-to-market collateral provisionsResidential whole loans and REO$1,321,584 $1,321,043 6.72 %7.9Agreements with mark-to-market collateral provisionsSecurities1,279,007 1,279,007 5.02 %0.2Total Agreements with mark-to-market collateral provisions$2,600,591 $2,600,050 6.01 %Agreements with non-mark-to-market collateral provisionsResidential whole loans and REO577,231 576,774 7.31 %10.4Securitized debtResidential whole loans5,891,815 5,794,977 4.98 %See Note 148.875% Senior Notes due 2029Unsecured115,000 111,270 9.83 %49.59.00% Senior Notes due 2029Unsecured75,000 72,390 9.94 %55.5Impact of net Swap carry(1.07)%Total Financing agreements (2)$9,259,637 $9,155,461 4.47 %(1)The Company has both financing agreements held at fair value and financing agreements held at their carrying value (amortized cost basis).  Financing agreements held at fair value are reported at estimated fair value each period as a result of the Company’s fair value option election.  The fair value option was not elected for financing agreements held at carrying value.  Consequently, total financing agreements as presented reflects a summation of balances reported at fair and carrying value. At June 30, 2025, the Company had $197.4 million of agreements with mark-to-market collateral provisions held at fair value, $76.9 million of agreements with non-mark-to-market collateral provisions held at fair value, and $5.4 billion of