Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 130

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 130
---
-to-market collateral provisions— — 11,543 11,543 Securitized debt— 5,317,030 — 5,317,030 Total liabilities carried at fair value$— $5,317,030 $195,932 $5,512,962 Fair Value at December 31, 2024 (In Thousands)Level 1Level 2Level 3TotalAssets:    Residential whole loans, at fair value$— $52,073 $7,459,137 $7,511,210 Securities, at fair value— 1,537,513 — 1,537,513 Total assets carried at fair value$— $1,589,586 $7,459,137 $9,048,723 Liabilities:Agreements with non-mark-to-market collateral provisions— — 284,843 284,843 Agreements with mark-to-market collateral provisions— — 19,782 19,782 Securitized debt— 5,211,380 — 5,211,380 Total liabilities carried at fair value$— $5,211,380 $304,625 $5,516,005  Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring BasisThe following table presents additional information for the three months ended March 31, 2025 and 2024 about the Company’s Residential whole loans, at fair value, which are classified as Level 3 and measured at fair value on a recurring basis:Residential Whole Loans, at Fair ValueThree Months Ended March 31,(In Thousands)20252024Balance at beginning of period$7,459,137 $7,455,729 Purchases and originations505,691 488,051 Draws101,170 163,744 Changes in fair value recorded in Net gain/(loss) on residential whole loans measured at fair value through earnings52,900 10,208 Repayments(549,218)(346,564)Loan sales and repurchases(70,352)(159,895)Transfer to REO(20,398)(12,020)Balance at end of period$7,478,930 $7,599,253 

45  

Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUD