Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 83

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 83
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,591 2,600,050 6.71 %Agreements with non-mark-to-market collateral provisionsResidential whole loans and REO577,231 576,774 7.82 %10.4Securitized debtResidential whole loans5,891,815 5,794,977 4.82 %See Note 14Convertible senior notesUnsecured— — 6.84 %8.875% Senior Notes due 2029Unsecured115,000 111,270 9.83 %49.59.00% Senior Notes due 2029Unsecured75,000 72,390 9.91 %55.5Impact of net Swap carry(1.24)%Total Financing agreements (2)$9,259,637 $9,155,461 4.54 %December 31, 2023(Dollars In Thousands)CollateralUnpaid Principal BalanceFair Value/Carrying Value (1)Weighted Average Cost of Funding (2)Weighted Average Term to Maturity (Months)Agreements with mark-to-market collateral provisionsResidential whole loans and REO$1,738,543 $1,737,651 7.23 %11.8Agreements with mark-to-market collateral provisionsSecurities622,603 622,603 5.75 %0.2Total Agreements with mark-to-market collateral provisions2,361,146 2,360,254 6.93 %Agreements with non-mark-to-market collateral provisionsResidential whole loans and REO1,217,671 1,216,697 7.71 %20.6Securitized debtResidential whole loans4,894,746 4,750,805 4.00 %See Note 14Convertible senior notesUnsecured209,589 208,989 6.94 %5.5Impact of net Swap carry(1.36)%Total Financing agreements (2)$8,683,152 $8,536,745 4.11 %(1)The Company has both financing agreements held at fair value and financing agreements held at their carrying value (amortized cost basis).  Financing agreements held at fair value are reported at estimated fair value each period as a result of the Company’s fair value option election.  The fair value option was not elected for financing agreements held at carrying value.  Consequently, total financing agreements as presented