Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 274

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 274
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 $2.7 million. During the first quarter of 2024, there were no sales of residential mortgage securities.Impairment and Other Net Gain/(Loss) on Securities and Other Portfolio InvestmentsThe following table presents the components of Impairment and other net gain/(loss) on securities and other portfolio investments, which is presented in Other Income/(Loss), net in the consolidated statements of operations:Three Months EndedSeptember 30,Nine Months EndedSeptember 30, (In Thousands)2025202420252024Net unrealized gain/(loss) on securities$17,798 $16,890 $42,006 $9,591 Net realized gain/(loss) from the sale of securities668 7,324 902 9,992 Impairment of securities— — — — Total Impairment and other net gain/(loss) on securities18,466 24,214 42,908 19,583 Net unrealized gain/(loss) on other portfolio investments(488)(1,286)2,901 (4,273)Net realized gain/(loss) on other portfolio investments26 — 19 — Total Impairment and other net gain/(loss) on securities and other portfolio investments$18,004 $22,928 $45,828 $15,310 

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

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 September 30, 2025.  There were no allowances for credit losses recorded with respect to the Company’s AFS securities for any of the periods presented.  The Company did not recognize an allowance for credit losses through earnings related to its AFS securities for the three and nine months ended September 30, 2025 and 2024.  Impact of AFS Securities on AOCI The following table presents the impact of the Company’s AFS securities (whose changes in fair value are recorded through OCI) on its AOCI:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In Thousands)2025202420252024AOCI from AFS securities:    Unrealized gain on AFS securities at beginning of period