Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 59

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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abilities and Stockholders’ Equity$12,097,481 $11,409,604 

(1)Includes approximately $7.6 billion and $6.9 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at September 30, 2025 and December 31, 2024, respectively.  Such assets can be used only to settle the obligations of each respective VIE.

(2)See Note 6 for information regarding the Company’s pledged assets. 

The accompanying notes are an integral part of the consolidated financial statements.

3  

Table of Contents

MFA FINANCIAL, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In Thousands, Except Per Share Amounts)2025 20242025 2024Interest Income: Residential whole loans$153,290 $157,406 $459,168 $480,788 Securities, at fair value27,708 14,742 81,156 41,363 Other interest-earning assets515 4,001 1,441 6,341 Cash and cash equivalent investments4,278 5,825 12,875 17,144 Interest Income$185,791 $181,974 $554,640 $545,636 Interest Expense:  Asset-backed and other collateralized financing arrangements$124,403 $126,833 $365,357 $377,030 Other interest expense4,598 4,516 13,680 16,678 Interest Expense$129,001 $131,349 $379,037 $393,708 Net Interest Income$56,790 $50,625 $175,603 $151,928 Reversal/(Provision) for Credit Losses on Residential Whole Loans$(276)$1,942 $(1,212)$3,481 Reversal/(Provision) for Credit Losses on Other Assets— — — (1,135)Net Interest Income after Reversal/(Provision) for Credit Losses$56,514 $52,567 $174,391 $154,274 Other Income/(Loss), net:Net gain/(loss) on residential whole loans measured at fair value through earnings$41,293 $