Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 453

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7A
Chunk 453
---
 to the assessment of the third-party developed valuation techniques and models.

We involved valuation professionals with specialized skills and knowledge, who assisted in:

•evaluating that the methodology used by the Company in determining the property appraised value and residential whole loan fair value is in accordance with U.S. GAAP

•evaluating the methodology and assumptions used to determine the property appraised value used by the Company for a sample of residential whole loans at fair value

•evaluating the assumptions used to determine the residential whole loan fair value used by the Company by comparing them to market research and relevant industry practices

•developing a fair value estimate for a sample of non-performing residential whole loans at fair value using the evaluated property appraised value, estimated time to liquidate the loan, expected liquidation costs, and home price index assumptions used by the Company and publicly available external market data collectively with independently developed valuation models and/or inputs and comparing the results of our estimate of fair value to the Company’s fair value estimate and

•developing an independent fair value estimate for a sample of performing residential whole loans at fair value based on independently developed valuation models and/or inputs and comparing the results of our estimate of fair value to the Company’s fair value estimate.

/s/ KPMG LLP

We have served as the Company’s auditor since 2011.

New York, New York

February 20, 2025 

67  

MFA FINANCIAL, INC.

CONSOLIDATED BALANCE SHEETS

(In Thousands, Except Per Share Amounts)December 31,2024December 31,2023Assets:Residential whole loans, net ($7,511,210 and $7,511,508 held at fair value, respectively) (1)(2)$8,811,224 $9,041,292 Securities, at fair value (2)1,537,513 746,090 Cash and cash equivalents338,931 318,000 Restricted cash262,381 170,211 Other assets (2)459,555 497,097 Total Assets$11,409,604 $10,772,690 Liabilities:Financing agreements ($5,516,005 and $4,633,660 held at fair value, respectively)$9,155,461 $8,536,745 Other liabilities412,351 336,030 Total Liabilities$9,567,812 $8,872,775 Commit