Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 96

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 96
---
178,787 $229,086 Legacy RPL/NPL loans218,073 239,436 63 %Other loans— — — %Total Residential whole loans$589,690 $663,898 December 31, 2024(Dollars In Thousands)Carrying Value / Fair ValueUPBLTV (1)Non-QM loans$166,299 $169,459 66 %Business purpose loans:Single-family rental loans$42,995 $54,732 99 %Single-family transitional loans109,221 115,972 79 %Multifamily transitional loans56,970 85,624 79 %Total Business purpose loans$209,186 $256,328 Legacy RPL/NPL loans240,356 261,333 63 %Other loans— — — %Total Residential whole loans$615,841 $687,120 (1)LTV represents the ratio of the total unpaid principal balance of the loan to the estimated value of the collateral securing the related loan as of the most recent date available, which may be the origination date.  For Single-family and Multifamily transitional loans, the LTV presented is the ratio of the maximum unpaid principal balance of the loan, including unfunded commitments, to the estimated “after repaired” value of the collateral securing the related loan, where available.  For certain Single-family transitional loans, an after repaired valuation was not obtained and the loan was underwritten based on an “as is” valuation.  Excluded from the calculation of weighted average LTV are certain low value loans secured by vacant lots, for which the LTV ratio is not meaningful.

23  

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

The following tables present the components of interest income on the Company’s Residential whole loans:Held at Carrying ValueHeld at Fair ValueTotalThree Months EndedJune 30,Three Months EndedJune 30,Three Months EndedJune 30, (In Thousands)202520242025202420252024Non-QM loans$9,334 $11,530 $60,933 $47,219 $70,267 $58,749 Business purpose loans:Single-family rental loans$1,794 $2,277 $19,953 $25,