Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 127

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 127
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 (1,848)6,225 Net gain/(loss) on real estate owned9,274 118 — 9,392 Net gain/(loss) on derivatives used for risk management purposes839 2,922 — 3,761 Net gain/(loss) on securitized debt measured at fair value through earnings(66,969)(32,620)— (99,589)Lima One mortgage banking income— 43,384 — 43,384 Net realized gain/(loss) on residential whole loans held at carrying value(1,240)— — (1,240)Other, net7,960 2,284 1,087 11,331 Other Income/(Loss), net$27,423 $36,452 $(761)$63,114 Compensation and benefits$— $44,827 $40,972 $85,799 Other general and administrative expense214 17,537 26,118 43,869 Loan servicing, financing and other related costs20,100 1,515 12,521 34,136 Amortization of intangible assets— 4,200 — 4,200 Income/(loss) before income taxes$136,799 $26,925 $(83,282)$80,442 Provision for/(benefit from) income taxes$— $— $278 $278 Net Income/(Loss)$136,799 $26,925 $(83,560)$80,164 Less Preferred Stock Dividend Requirement$— $— $32,875 $32,875 Net Income/(Loss) Available to Common Stock and Participating Securities$136,799 $26,925 $(116,435)$47,289 

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024

(Dollars in Thousands)Mortgage-Related AssetsLima OneCorporateTotalYear Ended December 31, 2022Interest Income$364,761 $113,134 $4,524 $482,419 Interest Expense175,975 67,108 15,760 258,843 Net Interest Income/(Expense)$188,786 $46,026 $(11,236)$223,576 Reversal of Provision/(