Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 128

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 128
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Provision) for Credit Losses on Residential Whole Loans2,842 (196)— 2,646 Provision for Credit Losses on Other Assets— — (28,579)(28,579)Net Interest Income/(Expense) after Reversal of Provision/(Provision) for Credit Losses$191,628 $45,830 $(39,815)$197,643 Net gain/(loss) on residential whole loans measured at fair value through earnings$(730,028)$(136,734)$— $(866,762)Impairment and other net gain on securities and other portfolio investments(3,146)— (21,921)(25,067)Net gain on real estate owned25,348 31 — 25,379 Net gain/(loss) on derivatives used for risk management purposes217,961 37,218 — 255,179 Net gain on securitized debt measured at fair value through earnings231,176 59,463 — 290,639 Lima One mortgage banking income— 46,745 — 46,745 Other, net4,282 537 3,804 8,623 Total Other Income/(Loss), net$(254,407)$7,260 $(18,117)$(265,264)Compensation and benefits$— $39,241 $37,487 $76,728 General and administrative expenses— 13,931 22,058 35,989 Loan servicing, financing, and other related costs25,384 1,120 16,390 42,894 Amortization of intangible assets— 9,200 — 9,200 Income/(loss) before income taxes$(88,163)$(10,402)$(133,867)$(232,432)Provision for/(benefit from) income taxes— 13 (864)(851)Net Income/(Loss)$(88,163)$(10,415)$(133,003)$(231,581)Less Preferred Stock Dividend Requirement$— $— $32,875 $32,875 Net Income/(Loss) Available to Common Stock and Participating Securities$(88,163)$(10,415)$(165,878)$(264,456)(Dollars in Thousands)Mortgage-Related AssetsLima OneCorporateTotalDecember 31, 2024Total Assets