Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 261

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 261
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 99 %Single-family transitional loans109,221 115,972 79 %Multifamily transitional loans56,970 85,624 79 %Total Business purpose loans$209,186 $256,328 Legacy RPL/NPL loans240,356 261,333 63 %Other loans— — — %Total Residential whole loans$615,841 $687,120 (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 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 ratio is not meaningful.

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSJUNE 30, 2025

The following tables present the components of interest income on the Company’s Residential whole loans:Held at Carrying ValueHeld at Fair ValueTotalThree Months EndedJune 30,Three Months EndedJune 30,Three Months EndedJune 30, (In Thousands)202520242025202420252024Non-QM loans$9,334 $11,530 $60,933 $47,219 $70,267 $58,749 Business purpose loans:Single-family rental loans$1,794 $2,277 $19,953 $25,287 $21,747 $27,564 Single-family transitional loans2,114 152 21,612 30,090 23,726 30,242 Multifamily transitional loans— — 17,308 25,291 17,308 25,291 Total Business purpose loans$3,908 $2,429 $58,873 $80,668 $62,781 $83,097 Legacy RPL/NPL loans7,256 8