Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 103

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 103
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 on derivatives used for risk management purposes$(31,055)$49,941 

29  

Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSMARCH 31, 2025

6.      Financing Agreements 

 The following tables present the components of, and certain information with respect to, the Company’s Financing agreements at March 31, 2025 and December 31, 2024:March 31, 2025(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$1,348,855 $1,348,106 6.33 %7.2Agreements with mark-to-market collateral provisionsSecurities1,544,478 1,544,478 4.58 %0.3Total Agreements with mark-to-market collateral provisions$2,893,333 $2,892,584 5.43 %Agreements with non-mark-to-market collateral provisionsResidential whole loans and REO417,281 416,957 6.87 %7.5Securitized debtResidential whole loans5,948,579 5,873,718 5.03 %See Note 148.875% Senior Notes due 2029Unsecured115,000 111,456 9.83 %46.69.00% Senior Notes due 2029Unsecured75,000 72,503 9.94 %52.5Impact of net Swap carry(0.66)%Total Financing agreements (2)$9,449,193 $9,367,218 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