Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 490

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7A
Chunk 490
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)Single-family rental loans(2,347)214 342 Non-QM loans(65)962 72 Legacy RPL/NPL loans(858)(2,491)(3,266)Other loans— — — Total Residential whole loans(11,510)(807)(1,991)

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

The following tables present certain information regarding the LTVs of the Company’s Residential whole loans that are 60 days or more delinquent:  December 31, 2024(Dollars In Thousands)Carrying Value / Fair ValueUPBLTV (1)Business purpose loans:Single-family transitional loans$109,221 $115,972 79 %Multifamily transitional loans56,970 85,624 79 %Single-family rental loans42,995 54,732 99 %Total Business purpose loans209,186 256,328 Non-QM loans166,299 169,459 66 %Legacy RPL/NPL loans$240,356 $261,333 63 %Other loans$— $— — %Total Residential whole loans$615,841 $687,120 December 31, 2023(Dollars In Thousands)Carrying Value / Fair ValueUPBLTV (1)Business purpose loans:Single-family transitional loans$93,960 $99,341 66 %Multifamily transitional loans19,812 20,595 63 %Single-family rental loans65,659 80,570 109 %Total Business purpose loans179,431 200,506 Non-QM loans102,252 104,454 64 %Legacy RPL/NPL loans$290,928 $316,453 69 %Other loans$188 $228 73 %Total Residential whole loans$572,799 $621,641 (1)LTV represents the ratio of the total unpaid principal balance of the loan to the estimated value of the collateral securing the related loan as of the most recent date available, which may be the origination date.  For Single-family and Multifamily transitional loans, the LTV presented is the ratio of the maximum unpaid principal balance of the loan, including unfunded commitments, to the estimated “after repaired” value of the collateral