Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 11

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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(1)Includes $253.7 million of cash and cash equivalents, $219.6 million of restricted cash, $53.1 million of Other loans and $17.5 million of capital contributions made to loan origination partners, as well as other assets and other liabilities.    

(2)Total Debt/Net Equity ratio represents the sum of borrowings under our financing agreements as a multiple of net equity allocated. 

58  

Residential Whole Loans

The following table presents the contractual maturities of our residential whole loan portfolios at March 31, 2025.  Amounts presented do not reflect estimates of prepayments or scheduled amortization. 

(In Thousands)Business purpose loans (1)Non-QMloans (2)Legacy RPL/NPL loans (3)Other loansAmount due: Within one year$1,615,348 $— $2,060 $— After one year:Over one to five years228,383 — 8,282 — Over five years1,295,329 4,540,553 1,051,460 53,137 Total due after one year$1,523,712 $4,540,553 $1,059,742 $53,137 Total residential whole loans$3,139,060 $4,540,553 $1,061,802 $53,137 

(1)Excludes an allowance for credit losses of $1.8 million at March 31, 2025. 

(2)Excludes an allowance for credit losses of $1.9 million at March 31, 2025.  

(3)Excludes an allowance for credit losses of $6.4 million at March 31, 2025.

The following table presents, at March 31, 2025, the dollar amount of certain of our residential whole loans, contractually maturing after one year, and indicates whether the loans have fixed interest rates or adjustable interest rates:

(In Thousands)Business purpose loans (1) (2)Non-QMloans (1) (2)Legacy RPL/NPL loans (1) (2)Other loansInterest rates: Fixed$1,192,506 $3,766,015 $871,770 $53,137 Adjustable331,207 774,537 187,973 — Total$