Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 93

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 93
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 unrealized gains, resulting in a net gain of $0.1 million during the third quarter of 2024.Allowance for Credit LossesThe following table presents a roll-forward of the allowance for credit losses on the Company’s Residential whole loans, at carrying value: Nine Months Ended September 30, 2025(In Thousands)Non-QM loansSingle-family rental loansSingle-family transitional loans (1)Legacy RPL/NPL loans (2)TotalsAllowance for credit losses at December 31, 2024$2,125 $366 $1,389 $6,785 $10,665 Current provision/(reversal)(197)614 (88)(184)145 Write-offs— — (436)(180)(616)Allowance for credit losses at March 31, 2025$1,928 $980 $865 $6,421 $10,194 Current provision/(reversal)87 (43)669 78 791 Write-offs— — (1,022)(14)(1,036)Allowance for credit losses at June 30, 2025$2,015 $937 $512 $6,485 $9,949 Current provision/(reversal)205 (78)548 (399)276 Write-offs(38)(30)— (74)(142)Allowance for credit losses at September 30, 2025$2,182 $829 $1,060 $6,012 $10,083  

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSSEPTEMBER 30, 2025

Nine Months Ended September 30, 2024(In Thousands)Non-QM loansSingle-family rental loansSingle-family transitional loans (1)Legacy RPL/NPL loans (2)TotalsAllowance for credit losses at December 31, 2023$1,871 $4,355 $2,587 $11,638 $20,451 Current provision/(reversal)(190)228 (472)(26)(460)Write-offs— 59 (416)(22)(379)Allowance for credit losses at March 31, 2024$1,681 $4,642 $1,699 $11,590