Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 54

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 54
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41,436,390 102,898 Original loan balance $300,000 - $449,9993,825 0.00% - 14.13%12/1/2018-1/1/20661,170,411 78,327 Original loan balance greater than $449,9995,794 1.70% - 15.00% 12/1/2018-9/1/20715,627,474 349,555 24,170 $8,821,889 (1)(2)$570,018 (1)Excludes an allowance for loan losses of $10.7 million at December 31, 2024.  (2)The federal income tax basis is approximately $3.3 billion.  Reconciliation of Balance Sheet Reported Amounts of Mortgage Loans on Real EstateThe following table summarizes the changes in the carrying amounts of residential whole loans during the year ended December 31, 2024:For the Year Ended December 31, 2024(In Thousands)Residential Whole LoansBeginning Balance$9,041,292 Additions during period:Purchases and originations$2,634,507 Premium amortization/discount accretion, net2,250 Reversal of provision for loan loss9,787 Changes in fair value recorded in gain/(loss) on loans recorded at fair value96,021 Deductions during period:Repayments$(2,166,782)Loan sales and repurchases(697,615)Impairment on carrying value loans— Transfer to REO(108,236)Ending Balance$8,811,224 

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Table of Contents

Item 9.  Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 

None. 

Item 9A.  Controls and Procedures.

(a) Evaluation of Disclosure Controls and Procedures

Management, under the direction of its Chief Executive Officer and Chief Financial Officer, is responsible for maintaining disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the 1934 Act) that are designed to ensure that information required to be disclosed in reports filed or submitted under the 1934 Act is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms and that such information is accumulated and communicated to management, including the Company’s Chief