Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 103

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 103
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)$(589)$1,537,513 (1)Discount designated as Credit Reserve is generally not expected to be accreted into interest income.(2)Based on management’s current estimates of future principal cash flows expected to be received.  (3)Amounts disclosed at September 30, 2025 includes CRT securities with a fair value of $47.8 million for which the fair value option has been elected.  Such securities had approximately $2.5 million gross unrealized gains and no gross unrealized losses at September 30, 2025.  Amounts disclosed at December 31, 2024 include CRT securities with a fair value of $51.5 million for which the fair value option has been elected.  Such securities had gross unrealized gains of approximately $3.2 million and no gross unrealized losses at December 31, 2024.  (4)Amounts disclosed at September 30, 2025 include Non-Agency MBS with a fair value of $22.4 million for which the fair value option has been elected.  Such securities had approximately $0.7 million gross unrealized gains and $0.1 million gross unrealized losses at September 30, 2025.  Amounts disclosed at December 31, 2024 include Non-Agency MBS with a fair value of $22.6 million for which the fair value option has been elected.  Such securities had $0.5 million gross unrealized gains and $0.5 million gross unrealized losses at December 31, 2024.Sales of Residential Mortgage Securities During the third quarter of 2025, the Company sold an agency bond for approximately $18.2 million, realizing a gain of $0.7 million. During the second quarter of 2025, there were no sales of residential mortgage securities. During the first quarter of 2025, the Company sold a CRT security for approximately $2.6 million, realizing a gain of $0.2 million. During the third quarter of 2024, the Company sold a CRT security for approximately $16.0 million, realizing a gain of $7.3 million. During the second quarter of 2024, the Company sold residential mortgage securities for approximately $29.6 million, realizing gains of  $2.7 million. During the first quarter of 2024, there were no sales of residential mortgage securities.Imp