Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 496

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7A
Chunk 496
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 $0.5 million gross unrealized gains and $0.1 million gross unrealized losses at December 31, 2023. 

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

Sales of Residential Mortgage Securities  During the year ended December 31, 2024, the Company sold a CRT security for approximately $16.0 million, realizing a gain of $7.3 million. During the year ended December 31, 2024, the Company sold MSR securities for approximately $29.6 million, realizing gains of $2.7 million.  During the year ended December 31, 2023, the Company sold MSR securities for approximately $18.2 million, realizing gains of $908,000. During the year ended December 31, 2022, the Company sold CRT securities for approximately $15.7 million, realizing gains of $84,000.Impairment and other net gain/(loss) on securities and other portfolio investments The following table present the components of Impairment and other net gain/(loss) on securities and other portfolio investments for the years ended December 31, 2024, 2023 and 2022, which is presented in Other Income/(Loss), net in the consolidated statements of operations:For the Year Ended December 31, (In Thousands)202420232022Net unrealized gain/(loss) on securities$(16,194)$7,341 $(3,230)Net realized gain/(loss) from the sale of securities9,992 908 84 Total Impairment and other net gain/(loss) on securities$(6,202)$8,249 $(3,146)Net unrealized gain/(loss) on other portfolio investments$(4,761)$6,180 $(21,921)Net realized gain/(loss) on other portfolio investments94 (5,869)— Reversal of impairment/(impairment) other portfolio investments— (2,335)— Total Impairment and other net gain/(loss) on securities and other portfolio investments$(10,869)$6,225 $(25,067)Unrealized Losses on Residential Mortgage SecuritiesThere were no gross unrealized losses on the Company’s AFS securities (whose changes in fair value are recorded through OCI) at December 31,