Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 256

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 256
---
 a net loss of $0.5 million during the second quarter of 2025. During the first quarter of 2024, Non-QM and Single-family rental loans with an unpaid principal balance of $171.0 million were sold, realizing losses, before the impact of economic hedging gains and the reversal of previously recognized unrealized losses, of $21.7 million. Upon sale, the Company reversed $23.7 million of previously recognized unrealized losses, resulting in a net gain of $2.0 million during the first quarter of 2024. During the second quarter of 2024, Residential whole loans with an unpaid principal balance of $12.4 million were sold, realizing gains, before the impact of economic hedging and the reversal of previously recognized unrealized gains, of $0.4 million. Upon sale, the Company reversed $0.2 million of previously recognized unrealized gains, resulting in a net gain of $0.2 million during the second quarter of 2024.Allowance for Credit LossesThe following table presents a roll-forward of the allowance for credit losses on the Company’s Residential whole loans, at carrying value: Six Months Ended June 30, 2025(In Thousands)Non-QM loansSingle-family rental loansSingle-family transitional loans (1)Legacy RPL/NPL loans (2)TotalsAllowance for credit losses at December 31, 2024$2,125 $366 $1,389 $6,785 $10,665 Current provision/(reversal)(197)614 (88)(184)145 Write-offs— — (436)(180)(616)Allowance for credit losses at March 31, 2025$1,928 $980 $865 $6,421 $10,194 Current provision/(reversal)87 (43)669 78 791 Write-offs— — (1,022)(14)(1,036)Allowance for credit losses at June 30, 2025$2,015 $937 $512 $6,485 $9,949  Six Months Ended June 30, 2024(In Thousands)Non-QM loansSingle-family rental loansSingle-family transitional loans (1)Legacy RPL/NPL loans (2)TotalsAllowance for credit losses at December 31, 2023$1,871 $