Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 282

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 282
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 collateral securing such indebtedness and (ii) equal in right of payment to each other and to the Company’s existing and future senior unsecured obligations, if any.(b)   CounterpartiesThe Company had financing agreements, including repurchase agreements and other forms of secured financing, with 16 and 15 counterparties at June 30, 2025 and December 31, 2024, respectively.  The following table presents information with respect to each counterparty under financing agreements for which the Company had greater than 5% of stockholders’ equity at risk in the aggregate at June 30, 2025:June 30, 2025CounterpartyAmount at Risk (1)Weighted Average Months to MaturityPercent of Stockholders’ Equity(Dollars in Thousands)Wells Fargo$158,364 2.98.69%Barclays$93,266 0.65.12%(1)The amount at risk reflects the difference between (a) the amount loaned to the Company through financing agreements, including interest payable, and (b) the cash and the fair value of the assets pledged by the Company as collateral, including accrued interest receivable on such assets.(c)   Pledged CollateralThe following tables present the Company’s assets (based on carrying value) pledged as collateral for its various financing arrangements as of June 30, 2025 and December 31, 2024:June 30, 2025Financing Agreements(In Thousands)SecuritizedNon-Mark-to-Market (1)Mark-to-Market (1)TotalAssets:Residential whole loans (2)$7,090,711 $333,557 $1,322,262 $8,746,530 Securities, at fair value— — 1,687,438 1,687,438 Other assets: REO41,895 — 43,302 85,197 Total$7,132,606 $333,557 $3,053,002 $10,519,165 December 31, 2024Financing Agreements(In Thousands)SecuritizedNon-Mark-to-Market (1)Mark-to-Market (1)TotalAssets:Residential whole loans (2)$6,886,776 $740,260 $1,107,079 $8,734,115 Securities, at fair value