Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 28

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 28
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Six Month Period Ended June 30, 2025 Compared to the Six Month Period Ended June 30, 2024 

The following table summarizes the changes in our results of operations for the six months ended June 30, 2025 compared to the six months ended June 30, 2024.  

Six Months Ended(In Thousands, Except Per Share Amounts)June 30, 2025 June 30, 2024YoY ChangeInterest Income:Residential whole loans$305,878 $323,382 $(17,504)Securities, at fair value53,448 26,621 26,827 Other interest-earning assets926 2,340 (1,414)Cash and cash equivalent investments8,597 11,319 (2,722)Interest Income$368,849 $363,662 $5,187 Interest Expense:Asset-backed and other collateralized financing arrangements$240,954 $250,197 $(9,243)Other interest expense9,082 12,162 (3,080)Interest Expense$250,036 $262,359 $(12,323)Net Interest Income$118,813 $101,303 $17,510 Reversal/(Provision) for Credit Losses on Residential Whole Loans$(936)$1,539 $(2,475)Reversal/(Provision) for Credit Losses on Other Assets— (1,135)1,135 Net Interest Income after Reversal/(Provision) for Credit Losses$117,877 $101,707 $16,170 Other Income/(Loss), net:Net gain/(loss) on residential whole loans measured at fair value through earnings$87,991 $4,917 $83,074 Impairment and other net gain/(loss) on securities and other portfolio investments27,824 (7,618)35,442 Net gain/(loss) on real estate owned(4,419)2,871 (7,290)Net gain/(loss) on derivatives used for risk management purposes(49,306)66,028 (115,334)Net gain/(loss) on securitized debt measured at fair value through earnings(29,036)(33,104)4,068 Lima One mortgage banking income11,524 15,547 (4,023)Net realized