Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 96

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 96
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 (4,112)Net unrealized gain/(loss) on other portfolio investments753 (664)Net realized gain/(loss) on other portfolio investments(9)— Total Impairment and other net gain/(loss) on securities and other portfolio investments$21,179 $(4,776)

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

Unrealized Losses on Residential Mortgage Securities There were no gross unrealized losses on the Company’s AFS securities (whose changes in fair value are recorded through OCI) at March 31, 2025.  There were no allowances for credit losses recorded with respect to the Company’s AFS securities for any of the periods presented.  The Company did not recognize an allowance for credit losses through earnings related to its AFS securities for the three months ended March 31, 2025 and 2024.  Impact of AFS Securities on AOCI The following table presents the impact of the Company’s AFS securities (whose changes in fair value are recorded through OCI) on its AOCI:Three Months EndedMarch 31,(In Thousands)20252024AOCI from AFS securities:  Unrealized gain on AFS securities at beginning of period$9,476 $17,698 Unrealized gain/(loss) on securities available-for-sale(1,034)1,828 Reclassification adjustment for MBS sales included in net income(226)— Change in AOCI from AFS securities(1,260)1,828 Balance at end of period$8,216 $19,526  Interest Income on Securities, at Fair Value The following table presents the components of interest income on the Company’s Securities, at fair value:  Three Months EndedMarch 31,(In Thousands)20252024Agency MBSCoupon interest$20,919 $7,730 Effective yield adjustment (1)(2)1 (15)Interest income$20,920 $7,715 Other MBSCoupon interest$1,528 $2,085 Effective yield adjustment (1)(2)127 30 Interest income$1,655 $2,115 Term notes backed by MSR collateralCoupon interest$1,093 $1,951 Effective yield adjustment (2)1,002 1,