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

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 10
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 connection with the Company’s loan securitization transactions that are eliminated in consolidation as of December 31, 2024 and December 31, 2023, respectively. (2)Haircut represents the percentage amount by which the collateral value is contractually required to exceed the loan amount. The following table presents information with respect to the Company’s financing agreements with non-mark-to-market collateral provisions and associated assets pledged as collateral at December 31, 2024 and 2023:(Dollars in Thousands)December 31,2024December 31,2023Non-mark-to-market financing secured by residential whole loans$576,774 $1,216,697 Fair value of residential whole loans pledged as collateral under financing agreements$740,494 $1,510,146 Weighted average haircut on residential whole loans21.40 %17.65 %Non-mark-to-market financing secured by real estate owned$— $— Fair value of real estate owned pledged as collateral under financing agreements$— $— 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 $32.1 million and $19.0 million at December 31, 2024 and 2023, respectively. 

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024

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 December 31, 2024 and 2023:   December 31, 2024December 31, 2023Amortized Cost BasisWeighted Average Interest RateAmortized Cost BasisWeighted Average Interest RateTime Until Interest Rate Reset(Dollars in Thousands)    Within 30 days$3,177,822 5.85 %$3,578,816 7.36 %Over 30 days to 3 months— — — — Over 3 months to 12 months— — — — Over 12 months— — — — Total financing agreements$3,177,822