Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 12

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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 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, 2025 December 31, 2024Agency MBSFace/Par$1,737,303 $1,403,891 Fair Value1,746,072 1,392,635 Amortized Cost1,734,775 1,405,900 Weighted average yield (1)5.59 %5.45 %Weighted average time to maturity28.8 years29.1 yearsTerm notes backed by MSR collateralFace/Par$— $55,000 Fair Value— 54,588 Amortized Cost— 50,639 Weighted average yield (1)— %13.95 %Weighted average time to maturityN/A0.8 yearsCRT SecuritiesFace/Par$59,000 $64,602 Fair Value61,246 67,642 Amortized Cost53,811 58,930 Weighted average yield (1)12.89 %9.35 %Weighted average time to maturity14.6 years15.0 yearsNon-Agency MBSFace/Par$26,560 $27,206 Fair Value22,491 22,648 Amortized Cost22,190 22,633 Weighted average yield (1)5.67 %5.67 %Weighted average time to maturity26.3 years26.8 years

(1)Weighted average yield is annualized interest income divided by average amortized cost for Securities, at fair value held at June 30, 2025 and December 31, 2024.

Tax Considerations

Current period estimated taxable income

We estimate that for the six months ended June 30,