Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 279

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 279
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 pledged as collateral at June 30, 2025 and December 31, 2024:(Dollars in Thousands)June 30,2025December 31,2024Non-mark-to-market financing secured by residential whole loans$256,813 $576,774 Fair value of residential whole loans pledged as collateral under financing agreements$333,557 $740,494 Weighted average haircut on residential whole loans22.37 %21.40 %Non-mark-to-market financing secured by real estate owned$— $— Fair value of real estate owned pledged as collateral under financing agreements$— $— Weighted average haircut on real estate owned— %— %In addition, the Company had aggregate restricted cash held in connection with its financing agreements including securitized debt, of $29.7 million and $32.1 million at June 30, 2025 and December 31, 2024, respectively. 

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSJUNE 30, 2025

The following table presents repricing information (excluding the impact of associated derivative hedging instruments, if any) about the Company’s financing agreements that have non-mark-to-market collateral provisions as well as those that have mark-to-market collateral provisions, at June 30, 2025 and December 31, 2024:   June 30, 2025December 31, 2024Amortized Cost BasisWeighted Average Interest RateAmortized Cost BasisWeighted Average Interest RateTime Until Interest Rate Reset(Dollars in Thousands)    Within 30 days$3,418,296 5.42 %$3,177,822 5.85 %Over 30 days to 3 months— — — — Over 3 months to 12 months— — — — Over 12 months— — — — Total financing agreements$3,418,296 5.42 %$3,177,822 5.85 %(a)    Other Information on Financing AgreementsConvertible Senior Notes In June 2019, the Company issued $230.0 million in aggregate principal amount of its Convertible Senior Notes in an underwritten public offering.  The total net proceeds the Company received from the