Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 88

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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 as of September 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 three months ended September 30, 2025. There were no gains/(losses) on held-for-sale loans for the nine months ended September 30, 2024.

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

The following tables present additional information regarding the Company’s Residential whole loans:  September 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$5,120,744 $5,105,895 $5,120,904 6.72 %33864 %738$4,780,553 $130,895 $47,995 $161,461 4.1 %Business purpose loans:Single-family rental$1,245,766 $1,248,466 $1,267,818 6.33 %31367 %740$1,208,637 $18,900 $4,056 $36,225 3.2 %Single-family transitional (5)791,019 791,443 804,252 10.39 %669 %749667,779 33,374 18,293 84,806 12.8 %Multifamily transitional (5)604,144 604,144 635,928 9.94 %364 %752533,567 55,599 6,210 40,552 7.4 %Total business