Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 94

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 94
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,458 Legacy RPL/NPL loansLTV <= 80% (1)$— $— $387,679 $387,679 LTV > 80% (1)— — 48,591 48,591 Total Legacy RPL/NPL loans$— $— $436,270 $436,270 Six Months Ended June 30, 2025 Gross write-offs$— $— $194 $194 Total LTV <= 80% (1)$— $40,832 $1,096,431 $1,137,263 Total LTV > 80% (1)— 2,004 61,572 63,576 Total Residential whole loans, at carrying value$— $42,836 $1,158,003 $1,200,839 Six Months Ended June 30, 2025 Total Gross write-offs$— $— $1,652 $1,652 (1)LTV represents the ratio of the total unpaid principal balance of the loan to the estimated value of the collateral securing the related loan as of the most recent date available, which may be the origination date.  For Single-family and Multifamily transitional loans, the LTV presented is the ratio of the maximum unpaid principal balance of the loan, including unfunded commitments, to the estimated “after repaired” value of the collateral securing the related loan, where available.  For certain Single-family transitional loans, an after repaired valuation was not obtained and the loan was underwritten based on an “as is” valuation.  Excluded from the calculation of weighted average LTV are certain low value loans secured by vacant lots, for which the LTV is not meaningful.  

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

The following table presents vintage information regarding our Residential whole loans, at fair value:  Fair Value by Origination Year(In Thousands)20252024202320222021PriorTotalNon-QM loans$795,199 $1,076,775 $588,523 $548,284 $1,148,144 $31,067 $4,187,992 Single-family rental loans49,378 41,913 228,508 516,186 350,826