Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 184

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 184
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73  

Nine Month Period Ended September 30, 2025 Compared to the Nine Month Period Ended September 30, 2024 

The following table summarizes the changes in our results of operations for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024.  

Nine Months Ended(In Thousands, Except Per Share Amounts)September 30, 2025 September 30, 2024YoY ChangeInterest Income:Residential whole loans$459,168 $480,788 $(21,620)Securities, at fair value81,156 41,363 39,793 Other interest-earning assets1,441 6,341 (4,900)Cash and cash equivalent investments12,875 17,144 (4,269)Interest Income$554,640 $545,636 $9,004 Interest Expense:Asset-backed and other collateralized financing arrangements$365,357 $377,030 $(11,673)Other interest expense13,680 16,678 (2,998)Interest Expense$379,037 $393,708 $(14,671)Net Interest Income$175,603 $151,928 $23,675 Reversal/(Provision) for Credit Losses on Residential Whole Loans$(1,212)$3,481 $(4,693)Reversal/(Provision) for Credit Losses on Other Assets— (1,135)1,135 Net Interest Income after Reversal/(Provision) for Credit Losses$174,391 $154,274 $20,117 Other Income/(Loss), net:Net gain/(loss) on residential whole loans measured at fair value through earnings$129,284 $148,333 $(19,049)Impairment and other net gain/(loss) on securities and other portfolio investments45,828 15,310 30,518 Net gain/(loss) on real estate owned(4,119)3,112 (7,231)Net gain/(loss) on derivatives used for risk management purposes(49,106)9,210 (58,316)Net gain/(loss) on securitized debt measured at fair value through earnings(53,682)(108,377)54,695 Lima One mortgage banking income17,118 24,468 (7