Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 495

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7A
Chunk 495
---
,102 $15,484 $(16,073)$(589)$1,537,513 December 31, 2023(In Thousands)Principal/ CurrentFacePurchasePremiumsAccretablePurchaseDiscountsDiscountDesignated as Credit Reserve (1)Gross AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesNetUnrealizedGain/(Loss)Fair ValueAgency MBS$554,300 $1,824 $(500)$— $555,624 $4,355 $(835)$3,520 $559,144 Other Securities (2)(3)(4)193,102 19,686 (5,637)(40,514)166,637 20,437 (128)20,309 186,946 Total residential mortgage securities (2)(3)(4)$747,402 $21,510 $(6,137)$(40,514)$722,261 $24,792 $(963)$23,829 $746,090 (1)Discount designated as Credit Reserve is generally not expected to be accreted into interest income.(2)Based on management’s current estimates of future principal cash flows expected to be received.              (3)Amounts disclosed at December 31, 2024 include CRT securities with a fair value of $51.5 million for which the fair value option has been elected.  Such securities had approximately $3.2 million gross unrealized gains and no gross unrealized losses at December 31, 2024.  Amounts disclosed at December 31, 2023 includes CRT securities with a fair value of $51.2 million for which the fair value option has been elected.  Such securities had gross unrealized gains of approximately $2.3 million and no gross unrealized losses at December 31, 2023.  (4)Amounts disclosed at December 31, 2024 include Non-Agency MBS with a fair value of $22.6 million for which the fair value option has been elected.  Such securities had approximately $0.5 million gross unrealized gains and $0.5 million gross unrealized losses at December 31, 2024. Amounts disclosed at December 31, 2023 include Non-Agency MBS with a fair value of $23.8 million for which the fair value option has been elected.  Such securities had