Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 367

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 4
Chunk 367
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— (25,492)(25,492)Changes in fair value of financing agreements at fair value due to changes in instrument-specific credit risk— — — — — — — — 1,255 1,255 Balance at December 31, 20228,000 $80 11,000 $110 101,802 $1,018 $3,684,291 $(1,717,991)$21,341 $1,988,849 

(1)  For the year ended December 31, 2024, includes approximately $1.5 million (129,949 shares) surrendered for tax purposes related to equity-based compensation awards.  For the year ended December 31, 2023, includes approximately $0.6 million (58,505 shares) surrendered for tax purposes related to equity-based compensation awards.  For the year ended December 31, 2022, includes approximately $1.0 million (56,690 shares) surrendered for tax purposes related to equity-based compensation awards. 

The accompanying notes are an integral part of the consolidated financial statements.

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MFA FINANCIAL, INC.CONSOLIDATED STATEMENT OF CASH FLOWSFor the Year Ended December 31,(In Thousands)202420232022Cash Flows From Operating Activities:Net income/(loss)$119,251 $80,164 $(231,581)Adjustments to reconcile net income/(loss) to net cash provided by operating activities:Net (gain)/loss on residential whole loans(54,227)(87,379)866,762 Impairment and other net (gain)/loss on securities and other portfolio investments, net9,190 (7,058)25,067 Net gain on real estate owned(2,729)(9,512)(24,473)Accretion of purchase discounts and amortization of purchase premiums on residential whole loans and securities(5,492)(18,968)(27,314)Provision/(reversal of provision) for credit losses on residential whole loans and other assets(1,949)(6,845)25,933 Net (gain)/loss on derivatives used for risk management purposes (2,478)93,828 (247,898)Net (gain)/loss on securitized debt measured at fair value through earnings51,975 86,402 (290,639