Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 266

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 266
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 on management’s current estimates of future principal cash flows expected to be received.  (3)Amounts disclosed at June 30, 2025 includes CRT securities with a fair value of $47.9 million for which the fair value option has been elected.  Such securities had approximately $2.5 million gross unrealized gains and no gross unrealized losses at June 30, 2025.  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 gross unrealized gains of approximately $3.2 million and no gross unrealized losses at December 31, 2024.  (4)Amounts disclosed at June 30, 2025 include Non-Agency MBS with a fair value of $22.5 million for which the fair value option has been elected.  Such securities had approximately $0.6 million gross unrealized gains and $0.3 million gross unrealized losses at June 30, 2025.  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 $0.5 million gross unrealized gains and $0.5 million gross unrealized losses at December 31, 2024.Sales of Residential Mortgage Securities During the three months ended March 31, 2025, the Company sold a CRT security for approximately $2.6 million, realizing a gain of $0.2 million. During the three months ended June 30, 2025, there were no sales of residential mortgage securities. During the three and six months ended June 30, 2024, the Company sold MSR-related assets for approximately $29.6 million, realizing gains of $2.7 million.Impairment and Other Net Gain/(Loss) on Securities and Other Portfolio InvestmentsThe following table presents the components of Impairment and other net gain/(loss) on securities and other portfolio investments, which is presented in Other Income/(Loss), net in the consolidated statements of operations:Three Months EndedJune 30,Six Months EndedJune 30, (In Thousands)2025202420252024Net unrealized gain/(loss) on securities$4,008 $(3,186)$24,208 $(7,298)Net