Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 247

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 247
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amily 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 securing the related loan, where available.  For certain Single-family transitional loans, an after repaired valuation was not obtained and the loan was underwritten based on an “as is” valuation.  Excluded from the calculation of weighted average LTV are certain low value loans secured by vacant lots, for which the LTV is not meaningful.  The following table presents vintage information regarding our Residential whole loans, at fair value:  Fair Value by Origination Year(In Thousands)20252024202320222021PriorTotalSingle-family transitional loans$78,535 $504,716 $285,773 $92,575 $13,788 $38 $975,425 Multifamily transitional loans— 78,558 401,209 249,335 105,947 — 835,049 Single-family rental loans37,848 43,127 234,439 525,711 359,963 7,782 1,208,870 Non-QM loans305,028 1,126,989 636,364 563,034 1,181,994 31,621 3,845,030 Legacy RPL/NPL loans— — — — — 614,556 614,556 Other loans— — — — 53,137 — 53,137 Total Residential whole loans, at fair value$421,411 $1,753,390 $1,557,785 $1,430,655 $1,714,829 $653,997 $7,532,067 

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSMARCH 31, 2025

The following table presents realized credit losses, net of recoveries, on liquidated residential whole loans or residential whole loans that were transferred to REO, recognized in Other, net:Three Months EndedMarch 31, (In Thousands)20252024Single-family transitional loans$(2,173)$653 Multifamily transitional loans(169)(28)Single-family rental loans(1,196)(887)Non-QM loans(137)1 Legacy RPL/NPL loans