Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 154

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 154
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 conditions. At March 31, 2025, approximately 30% of our Multifamily transitional loans and 30% of our Single-family transitional loans held as of period end had been extended. 

For additional information regarding our residential whole loan portfolios, including information about delinquency trends, see Note 3 to the consolidated financial statements, included under Item 1 of this Quarterly Report on Form 10-Q.

59  

Securities, at Fair Value

The following table presents information with respect to our Securities, at fair value at March 31, 2025 and December 31, 2024: 

(Dollars in Thousands)March 31, 2025 December 31, 2024Agency MBSFace/Par$1,642,078 $1,403,891 Fair Value1,648,193 1,392,635 Amortized Cost1,641,472 1,405,900 Weighted average yield (1)5.60 %5.45 %Weighted average time to maturity29.0 years29.1 yearsTerm notes backed by MSR collateralFace/Par$55,000 $55,000 Fair Value54,725 54,588 Amortized Cost51,640 50,639 Weighted average yield (1)17.76 %13.95 %Weighted average time to maturity0.6 years0.8 yearsCRT SecuritiesFace/Par$61,885 $64,602 Fair Value64,455 67,642 Amortized Cost56,427 58,930 Weighted average yield (1)9.26 %9.35 %Weighted average time to maturity14.3 years15.0 yearsNon-Agency MBSFace/Par$26,865 $27,206 Fair Value22,912 22,648 Amortized Cost22,394 22,633 Weighted average yield (1)5.67 %5.67 %Weighted average time to maturity26.5 years26.8 years

(1)Weighted average yield is annualized interest income divided by average amortized cost for Securities, at fair value held at March 31, 2025 and December 31, 2024.

Tax Considerations

Current period estimated taxable income

We estimate that for the three months ended March 31, 2025, our RE