Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 73

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 73
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24,792 $(963)$23,829 $746,090 (1)Discount designated as Credit Reserve is generally not expected to be accreted into interest income.(2)Based on management’s current estimates of future principal cash flows expected to be received.              (3)Amounts disclosed at December 31, 2024 include CRT securities with a fair value of $51.5 million for which the fair value option has been elected.  Such securities had approximately $3.2 million gross unrealized gains and no gross unrealized losses at December 31, 2024.  Amounts disclosed at December 31, 2023 includes CRT securities with a fair value of $51.2 million for which the fair value option has been elected.  Such securities had gross unrealized gains of approximately $2.3 million and no gross unrealized losses at December 31, 2023.  (4)Amounts disclosed at December 31, 2024 include Non-Agency MBS with a fair value of $22.6 million for which the fair value option has been elected.  Such securities had approximately $0.5 million gross unrealized gains and $0.5 million gross unrealized losses at December 31, 2024. Amounts disclosed at December 31, 2023 include Non-Agency MBS with a fair value of $23.8 million for which the fair value option has been elected.  Such securities had $0.5 million gross unrealized gains and $0.1 million gross unrealized losses at December 31, 2023. 

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

Sales of Residential Mortgage Securities  During the year ended December 31, 2024, the Company sold a CRT security for approximately $16.0 million, realizing a gain of $7.3 million. During the year ended December 31, 2024, the Company sold MSR securities for approximately $29.6 million, realizing gains of $2.7 million.  During the year ended December 31, 2023, the Company sold MSR securities for approximately $18.2 million, realizing gains of $908,000. During the year ended December 31, 2022, the Company sold CRT securities for approximately $15.7