Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 60

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 variable interest entities (“VIEs”) at June 30, 2025 and December 31, 2024, respectively.  Such assets can be used only to settle the obligations of each respective VIE.

(2)See Note 6 for information regarding the Company’s pledged assets. 

The accompanying notes are an integral part of the consolidated financial statements.

3  

Table of Contents

MFA FINANCIAL, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)Three Months EndedJune 30,Six Months EndedJune 30,(In Thousands, Except Per Share Amounts)2025 20242025 2024Interest Income: Residential whole loans$154,568 $165,717 $305,878 $323,382 Securities, at fair value28,778 13,629 53,448 26,621 Other interest-earning assets528 1,177 926 2,340 Cash and cash equivalent investments4,470 6,308 8,597 11,319 Interest Income$188,344 $186,831 $368,849 $363,662 Interest Expense:  Asset-backed and other collateralized financing arrangements$122,523 $126,755 $240,954 $250,197 Other interest expense4,545 6,587 9,082 12,162 Interest Expense$127,068 $133,342 $250,036 $262,359 Net Interest Income$61,276 $53,489 $118,813 $101,303 Reversal/(Provision) for Credit Losses on Residential Whole Loans$(791)$1,079 $(936)$1,539 Reversal/(Provision) for Credit Losses on Other Assets— (26)— (1,135)Net Interest Income after Reversal/(Provision) for Credit Losses$60,485 $54,542 $117,877 $101,707 Other Income/(Loss), net:Net gain/(loss) on residential whole loans measured at fair value through earnings$33,611 $16,430 $87,991 $4,917 Impairment and other net gain/(loss) on securities and other portfolio investments6,645 (2,842)27,824 (7,618)