Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 278

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 278
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 whole loans128,514 108,712 — 19,776 257,002 (1)$2.1 billion of the mark-to-market agreements (included in the 0-3 months category) can be terminated by either party. (2)Amounts presented are based on the assumed exercise of the Company’s unilateral option to extend by one year the maturity of an agreement with mark-to-market collateral provisions with $262.2 million outstanding.  The longest maturity date is approximately 17 months. The following table presents information with respect to the Company’s financing agreements with mark-to-market collateral provisions and associated assets pledged as collateral at June 30, 2025 and December 31, 2024:(Dollars in Thousands)June 30,2025December 31,2024Mark-to-market financing agreements secured by residential whole loans (1)$1,540,850 $1,295,653 Fair value of residential whole loans pledged as collateral under financing agreements$1,936,409 $1,608,344 Weighted average haircut on residential whole loans (2)20.35 %19.24 %Mark-to-market financing agreements secured by securities at fair value$1,602,493 $1,279,007 Securities at fair value pledged as collateral under financing agreements$1,687,438 $1,352,918 Weighted average haircut on securities at fair value (2)4.16 %4.99 %Mark-to-market financing agreements secured by real estate owned$17,348 $25,390 Fair value of real estate owned pledged as collateral under financing agreements$48,591 $62,659 Weighted average haircut on real estate owned (2)47.45 %55.71 %(1)Includes an aggregate of $467.5 million and $394.9 million of mark-to-market financing collateralized by Non-Agency MBS with a fair value of $616.1 million and $506.6 million obtained in connection with the Company’s loan securitization transactions that are eliminated in consolidation as of June 30, 2025 and December 31, 2024, respectively. (2)Haircut represents the percentage amount by which the collateral value is contractually required to exceed the amount borrowed. The following table presents information with respect to the Company’s financing agreements with non-mark-to-market collateral provisions and associated assets