Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 139

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 139
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December 31, 2024 (In Thousands)Level 1Level 2Level 3TotalAssets:    Residential whole loans, at fair value$— $52,073 $7,459,137 $7,511,210 Securities, at fair value— 1,537,513 — 1,537,513 Total assets carried at fair value$— $1,589,586 $7,459,137 $9,048,723 Liabilities:Agreements with non-mark-to-market collateral provisions— — 284,843 284,843 Agreements with mark-to-market collateral provisions— — 19,782 19,782 Securitized debt— 5,211,380 — 5,211,380 Total liabilities carried at fair value$— $5,211,380 $304,625 $5,516,005  Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring BasisThe following table presents additional information for the three and six months ended June 30, 2025 and 2024 about the Company’s Residential whole loans, at fair value, which are classified as Level 3 and measured at fair value on a recurring basis:Residential Whole Loans, at Fair ValueThree Months Ended June 30,Six Months Ended June 30,(In Thousands)2025202420252024Balance at beginning of period$7,478,930 $7,599,254 $7,459,137 $7,455,729 Purchases and originations641,130 536,071 1,146,821 1,024,121 Draws103,681 152,160 204,851 315,905 Changes in fair value recorded in Net gain/(loss) on residential whole loans measured at fair value through earnings41,603 16,682 94,503 26,889 Repayments(590,099)(555,099)(1,139,317)(901,662)Loan sales and repurchases(68,497)(13,944)(138,849)(173,839)Transfer to REO(29,570)(15,933)(49,968)(27,952)Balance at end of period$7,577,178 $7,719,191 $7,577,178 $7,719