Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 252

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 252
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 held-for-sale as of June 30, 2025 and December 31, 2024. For the three months ended March 31, 2025, the Company recorded a $0.5 million loss on these loans resulting from the adjustment of their carrying value to the lower of cost of market. For the three months ended June 30, 2025, the Company recorded a $0.3 million loss on these loans resulting from their sale. There were no gains/(losses) on held-for-sale loans for the six months ended June 30, 2024.

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

The following tables present additional information regarding the Company’s Residential whole loans:  June 30, 2025Asset AmountFair ValueUnpaid Principal Balance (“UPB”)Weighted Average Coupon (1) (2)Weighted Average Term to Maturity (Months)Weighted Average LTV Ratio (3)Weighted Average Original FICO (4)Aging by UPB60+ Days Past Due %(Dollars In Thousands)Past Due DaysCurrent30-5960-8990+Non-QM loans$4,843,737 $4,823,546 $4,879,953 6.68 %33964 %737$4,559,049 $125,528 $57,255 $138,121 4.0 %Business purpose loans:Single-family rental$1,291,647 $1,294,127 $1,324,122 6.36 %31667 %739$1,259,020 $14,987 $4,809 $45,306 3.8 %Single-family transitional (5)874,689 874,602 885,983 10.42 %568 %750723,842 46,467 31,854 83,820 13.1 %Multifamily transitional (5)730,774 730,774 764,810 9.66 %364 %751664,332 37,181 802 62,495 8.3 %Total business purpose loans$2,897,110 $2,899,503 $2,974,915 8.42