Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 246

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 246
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ANCIAL STATEMENTSMARCH 31, 2025

The following table presents certain additional credit-related information regarding our Residential whole loans, at carrying value:  Amortized Cost Basis by Origination Year and LTV Bands(In Thousands)2025 - 20222021PriorTotalBusiness purpose loansLTV <= 80% (1)$— $6,572 $108,303 $114,875 LTV > 80% (1)— 98 4,743 4,841 Total Business purpose loans$— $6,670 $113,046 $119,716 Three Months Ended March 31, 2025 Gross write-offs$— $— $436 $436 Non-QM loansLTV <= 80% (1)$— $35,762 $649,632 $685,394 LTV > 80% (1)— 1,911 8,218 10,129 Total Non-QM loans$— $37,673 $657,850 $695,523 Three Months Ended March 31, 2025 Gross write-offs$— $— $— $— Legacy RPL/NPL loansLTV <= 80% (1)$— $— $397,641 $397,641 LTV > 80% (1)— — 49,605 49,605 Total Legacy RPL/NPL loans$— $— $447,246 $447,246 Three Months Ended March 31, 2025 Gross write-offs$— $— $179 $179 Total LTV <= 80% (1)$— $42,334 $1,155,575 $1,197,910 Total LTV > 80% (1)— 2,009 62,566 64,575 Total Residential whole loans, at carrying value$— $44,343 $1,218,142 $1,262,485 Three Months Ended March 31, 2025 Total Gross write-offs$— $— $615 $615 (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 Multif