Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 58

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 variable interest entities (“VIEs”) at March 31, 2025 and December 31, 2024, respectively.  Such assets can be used only to settle the obligations of each respective VIE.

(2)See Note 6 for information regarding the Company’s pledged assets. 

The accompanying notes are an integral part of the consolidated financial statements.

3  

Table of Contents

MFA FINANCIAL, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)Three Months EndedMarch 31,(In Thousands, Except Per Share Amounts)2025 2024Interest Income: Residential whole loans$151,310 $157,665 Securities, at fair value24,670 12,992 Other interest-earning assets398 1,163 Cash and cash equivalent investments4,127 5,011 Interest Income$180,505 $176,831 Interest Expense: Asset-backed and other collateralized financing arrangements$118,431 $123,442 Other interest expense4,537 5,575 Interest Expense$122,968 $129,017 Net Interest Income$57,537 $47,814 Reversal/(Provision) for Credit Losses on Residential Whole Loans$(145)$460 Reversal/(Provision) for Credit Losses on Other Assets— (1,109)Net Interest Income after Reversal/(Provision) for Credit Losses$57,392 $47,165 Other Income/(Loss), net:Net gain/(loss) on residential whole loans measured at fair value through earnings$54,380 $(11,513)Impairment and other net gain/(loss) on securities and other portfolio investments21,179 (4,776)Net gain/(loss) on real estate owned(1,508)991 Net gain/(loss) on derivatives used for risk management purposes(31,055)49,941 Net gain/(loss) on securitized debt measured at fair value through earnings(21,931)(22,462)Lima One mortgage banking income5,437 7,928 Net realized gain/(loss) on residential whole loans held at carrying value(539)418 Other, net(1,451)1,875 Other Income/(Loss), net$24,512 $22,402 Operating and Other Expense:Compensation and benefits$23,