Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 266

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 266
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,755 LTV > 80% (1)— — 46,762 46,762 Total Legacy RPL/NPL loans$— $— $424,517 $424,517 Nine Months Ended September 30, 2025 Gross write-offs$— $— $268 $268 Total LTV <= 80% (1)$— $41,093 $1,040,779 $1,081,872 Total LTV > 80% (1)— 1,354 55,826 57,180 Total Residential whole loans, at carrying value$— $42,447 $1,096,605 $1,139,052 Nine Months Ended September 30, 2025 Total Gross write-offs$— $31 $1,764 $1,795 (1)LTV represents the ratio of the total unpaid principal balance of the loan to the estimated value of the collateral securing the related loan as of the most recent date available, which may be the origination date.  For Single-family and Multifamily transitional loans, the LTV presented is the ratio of the maximum unpaid principal balance of the loan, including unfunded commitments, to the estimated “after repaired” value of the collateral securing the related loan, where available.  For certain Single-family transitional loans, an after repaired valuation was not obtained and the loan was underwritten based on an “as is” valuation.  Excluded from the calculation of weighted average LTV are certain low value loans secured by vacant lots, for which the LTV is not meaningful.  The following table presents vintage information regarding our Residential whole loans, at fair value:  Fair Value by Origination Year(In Thousands)20252024202320222021PriorTotalNon-QM loans$1,233,263 $1,006,871 $565,190 $540,026 $1,132,462 $29,653 $4,507,465 Single-family rental loans43,816 41,040 219,207 501,361 342,007 7,141 1,154,572 Single-family transitional loans294,134 308,854 148,401 29,446 4,156 37 785,028 Multifamily transitional loans— 69,382 267,405 189,128 78,229 —