Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 17

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 17
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 31, 2024QoQ ChangeInterest Income: Residential whole loans$151,310 $152,768 $(1,458)Securities, at fair value24,670 19,746 4,924 Other interest-earning assets398 717 (319)Cash and cash equivalent investments4,127 5,097 (970)Interest Income$180,505 $178,328 $2,177 Interest Expense:Asset-backed and other collateralized financing arrangements$118,431 $122,996 $(4,565)Other interest expense4,537 4,530 7 Interest Expense$122,968 $127,526 $(4,558)Net Interest Income$57,537 $50,802 $6,735 Reversal/(Provision) for Credit Losses on Residential Whole Loans$(145)$(398)$253 Reversal/(Provision) for Credit Losses on Other Assets— — — Net Interest Income after Reversal/(Provision) for Credit Losses$57,392 $50,404 $6,988 Other Income/(Loss), net:Net gain/(loss) on residential whole loans measured at fair value through earnings$54,380 $(102,339)$156,719 Impairment and other net gain/(loss) on securities and other portfolio investments21,179 (26,179)47,358 Net gain/(loss) on real estate owned(1,508)24 (1,532)Net gain/(loss) on derivatives used for risk management purposes(31,055)69,293 (100,348)Net gain/(loss) on securitized debt measured at fair value through earnings(21,931)43,564 (65,495)Lima One mortgage banking income5,437 8,477 (3,040)Net realized gain/(loss) on residential whole loans held at carrying value(539)$— (539)Other, net(1,451)52 (1,503)Other Income/(Loss), net$24,512 $(7,108)$31,620 Operating and Other Expense:Compensation and benefits$23,257 $18,021 $5,236 Other general and administrative expense10,291 9,993 298 Loan servicing, financing and other related costs7,252 11