Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 100

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 100
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 6).Non-Agency MBSNon-Agency MBS are primarily secured by pools of residential mortgages, which are not guaranteed by an agency of the U.S. Government or any federally chartered corporation.  At June 30, 2025, and December 31, 2024, the Company had $22.5 million and $22.6 million, respectively, of Non-Agency MBS.  These securities were acquired on the de-consolidation of certain trusts that held previously securitized Agency Eligible investor loans.

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSJUNE 30, 2025

The following tables present certain information about the Company’s Agency MBS and other Securities: June 30, 2025(In Thousands)Principal/Current FacePurchase PremiumsAccretable Purchase DiscountsDiscount Designated as Credit Reserve (1)Gross Amortized CostGross Unrealized GainsGross Unrealized LossesNet Unrealized Gain/(Loss)Fair ValueAgency MBS$1,737,303 $5,322 $(7,849)$— $1,734,776 $15,161 $(3,865)$11,296 $1,746,072 Other Securities (2)(3)(4)85,560 2,885 (5,252)(7,191)76,002 8,013 (278)7,735 83,737 Total residential mortgage securities (2)(3)(4)$1,822,863 $8,207 $(13,101)$(7,191)$1,810,778 $23,174 $(4,143)$19,031 $1,829,809 December 31, 2024(In Thousands)Principal/Current FacePurchase PremiumsAccretable Purchase DiscountsDiscount Designated as Credit Reserve (1)Gross Amortized CostGross Unrealized GainsGross Unrealized LossesNet Unrealized Gain/(Loss)Fair ValueAgency MBS$1,403,891 $5,534 $(3,525)$— $1,405,900 $2,318 $(15,583)$(13,265)$1,392,635 Other Securities  (2)(3)(4)146,808 14,747 (5