Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 140

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 140
---
,191 

47  

Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSJUNE 30, 2025

The following table presents additional information for the three and six months ended June 30, 2025 and 2024 about the Company’s financing agreements with non-mark-to-market collateral provisions, which are classified as Level 3 and measured at fair value on a recurring basis:Agreements with Non-mark-to-market Collateral ProvisionsThree Months Ended June 30,Six Months Ended June 30,(In Thousands)2025202420252024Balance at beginning of period$184,389 $399,049 $284,843 $469,424 Issuances— 44,798 — 112,740 Payment of principal(107,509)(66,595)(207,963)(204,912)Changes in unrealized losses— — — — Balance at end of period$76,880 $377,252 $76,880 $377,252 The following table presents additional information for the three and six months ended June 30, 2025 and 2024 about the Company’s financing agreements with mark-to-market collateral provisions, which are classified as Level 3 and measured at fair value on a recurring basis:Agreements with Mark-to-market Collateral ProvisionsThree Months Ended June 30,Six Months Ended June 30,(In Thousands)2025202420252024Balance at beginning of period$11,543 $176,759 $19,782 $178,864 Issuances191,050 114,601 191,050 114,601 Payment of principal(5,169)(1,132)(13,408)(3,237)Changes in unrealized losses— — — — Balance at end of period$197,424 $290,228 $197,424 $290,228 

48  

Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSJUNE 30, 2025

Fair Value Methodology for Level 3 Financial InstrumentsResidential Whole Loans, at Fair ValueThe following tables present a summary of quantitative information about the significant unobservable inputs used in the fair value measurement of the Company’s residential whole loans held at fair value for which it