Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 169

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 169
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5,122,926 1,233,071 994,788 51,937 Total due after one year$5,122,926 $1,402,067 $1,004,099 $51,937 Total residential whole loans$5,122,926 $2,642,818 $1,006,238 $51,937 

(1)Excludes an allowance for credit losses of $1.9 million at September 30, 2025. 

(2)Excludes an allowance for credit losses of $2.2 million at September 30, 2025.  

(3)Excludes an allowance for credit losses of $6.0 million at September 30, 2025.

The following table presents, at September 30, 2025, the dollar amount of certain of our residential whole loans, contractually maturing after one year, and indicates whether the loans have fixed interest rates or adjustable interest rates:

(In Thousands)Non-QMloans (1) (2)Business purpose loans (1) (2)Legacy RPL/NPL loans (1) (2)Other loansInterest rates: Fixed$4,359,553 $1,088,725 $831,784 $51,937 Adjustable763,373 313,342 172,316 — Total$5,122,926 $1,402,067 $1,004,099 $51,937 

(1)Includes loans on which borrowers have defaulted and are not making payments of principal and/or interest as of September 30, 2025.

(2)Excludes an allowance for credit losses.

Our Transitional loans contain various contractual extension features, typically ranging from three to twenty-four months subject to certain conditions, generally including our consent. Transitional loans are generally only extended if the loan is current and in compliance with various other loan terms. Given the short duration of our Transitional loans, maturity extensions are a regular occurrence, irrespective of market conditions. At September 30, 2025, approximately 57% of our Multifamily transitional loans and 31% of our Single-family transitional loans held as of period end had been extended. 

For additional information regarding our residential whole loan portfolios, including information about delinquency trends, see Note 3 to the consolidated financial statements, included under Item 1 of this Quarterly Report on Form 10-Q.

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