Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 248

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 248
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(56)(381)Other loans— — Total Residential whole loans$(3,731)$(642)The following tables present certain information regarding the LTVs of the Company’s Residential whole loans that are 60 days or more delinquent: March 31, 2025(Dollars In Thousands)Carrying Value / Fair ValueUPBLTV (1)Business purpose loans:Single-family transitional loans$101,545 $117,653 91 %Multifamily transitional loans44,925 78,102 80 %Single-family rental loans43,479 54,570 99 %Total Business purpose loans$189,949 $250,325 Non-QM loans174,982 177,886 66 %Legacy RPL/NPL loans235,775 257,382 63 %Other loans— — — %Total Residential whole loans$600,706 $685,593 December 31, 2024(Dollars In Thousands)Carrying Value / Fair ValueUPBLTV (1)Business purpose loans:Single-family transitional loans$109,221 $115,972 79 %Multifamily transitional loans56,970 85,624 79 %Single-family rental loans42,995 54,732 99 %Total Business purpose loans$209,186 $256,328 Non-QM loans166,299 169,459 66 %Legacy RPL/NPL loans240,356 261,333 63 %Other loans— — — %Total Residential whole loans$615,841 $687,120 (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 ratio is not meaningful.

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Table of ContentsMFA FINANCIAL,