Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 85

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 85
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 1,279,007 Total Agreements with mark-to-market collateral provisions1,838,346 47,011 389,220 326,014 2,600,591 Agreements with non-mark-to-market collateral provisionsResidential whole loans23,267 — 533,559 20,405 577,231 (1)$1.7 billion of the mark-to-market agreements (included in the 0-3 months category) can be terminated by either party. (2)Amounts presented are based on the assumed exercise of the Company’s unilateral option to extend by one year the maturity of an agreement with mark-to-market collateral provisions with $326.0 million outstanding.  The longest maturity date is approximately 23 months.The following table presents information with respect to the Company’s financing agreements with mark-to-market collateral provisions and associated assets pledged as collateral at December 31, 2024 and 2023:(Dollars in Thousands)December 31,2024December 31,2023Mark-to-market financing agreements secured by residential whole loans (1)$1,295,653 $1,712,489 Fair value of residential whole loans pledged as collateral under financing agreements$1,608,344 $2,204,239 Weighted average haircut on residential whole loans (2)19.24 %20.90 %Mark-to-market financing agreements secured by securities at fair value$1,279,007 $622,603 Securities at fair value pledged as collateral under financing agreements$1,352,918 $689,818 Weighted average haircut on securities at fair value (2)4.99 %8.07 %Mark-to-market financing agreements secured by real estate owned$25,390 $25,163 Fair value of real estate owned pledged as collateral under financing agreements$62,659 $50,365 Weighted average haircut on real estate owned (2)55.71 %49.39 %(1)Includes an aggregate of $394.9 million and $327.2 million of mark-to-market financing collateralized by Non-Agency MBS with a fair value of $506.6 million and $465.6 million obtained in connection with the Company’s loan securitization transactions that are eliminated in consolidation as of December 31, 2024 and December 31, 2023, respectively. (2)Haircut