Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 165

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 165
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Total residential whole loans$4,845,752 $2,898,559 $1,033,706 $51,458 

(1)Excludes an allowance for credit losses of $1.4 million at June 30, 2025. 

(2)Excludes an allowance for credit losses of $2.0 million at June 30, 2025.  

(3)Excludes an allowance for credit losses of $6.5 million at June 30, 2025.

The following table presents, at June 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$4,059,301 $1,141,750 $853,725 $51,458 Adjustable786,450 325,072 177,822 — Total$4,845,752 $1,466,822 $1,031,547 $51,458 

(1)Includes loans on which borrowers have defaulted and are not making payments of principal and/or interest as of June 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 June 30, 2025, approximately 37% of our Multifamily transitional loans and 29% 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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Securities, at Fair Value

The following table presents information with respect to our Securities, at fair value at June 30, 2025 and December 31, 2024: 

(Dollars in Thousands)June 30,