Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 129

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 129
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$7,395,925 $3,632,472 $381,207 $11,409,604 December 31, 2023Total Assets$6,370,237 $4,000,932 $401,521 $10,772,690 Lima One SegmentThe Lima One segment includes the stand-alone mortgage origination and servicing business of Lima One, including related goodwill, intangible assets, and direct expenses, plus Lima One-related residential whole loans and REO (defined as both those owned by Lima One on the acquisition date and those originated by Lima One since the acquisition date) and the economics related thereto (including any related taxes and the economics of associated financing and hedging instruments), all as recorded under GAAP. Associated financing economics are equal to the results of direct financings of Lima One-related residential whole loans and REO plus allocations of the results of financings which include Lima One related residential whole loans and REO as part of their collateral, based on the relative carrying values of the financed assets. Associated hedging economics are equal to allocations of the 

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024

Company’s overall hedging results based on the relative estimated duration of each asset class hedged and the relative fair values of assets within each asset class.Mortgage-Related Assets SegmentThis segment is comprised of the remainder of the Company’s investments (including any related taxes and the economics of associated financing and hedging instruments).

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Table of Contents

Schedule IV - Mortgage Loans on Real EstateDecember 31, 2024Asset TypeNumberInterest RateMaturity Date RangeBalance Sheet Reported AmountPrincipal Amount of Loans Subject to Delinquent Principal or Interest(Dollars in Thousands)Residential Whole LoansOriginal loan balance $0 - $149,9996,698 0.00% - 16.00% 7/26/2016-4/1/2062$587,614 $39,238 Original loan balance $150,000 - $299,9997,853 0.00% - 15.63% 6/1/2019-12/1/20641,436,390 102,898 Original loan balance $300,000 - $449,9993,825 0.00% - 14.13%12/1/201