Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 414

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7
Chunk 414
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$723,965 $605,597 $118,368 Interest Expense:Asset-backed and other collateralized financing arrangements$500,026 $413,517 $86,509 Other interest expense21,208 15,601 5,607 Interest Expense$521,234 $429,118 $92,116 Net Interest Income$202,731 $176,479 $26,252 Reversal/(Provision) for Credit Losses on Residential Whole Loans$3,084 $8,853 $(5,769)Reversal/(Provision) for Credit Losses on Other Assets(1,135)— (1,135)Net Interest Income after Reversal/(Provision) for Credit Losses$204,680 $185,332 $19,348 Other Income/(Loss), net:Net gain/(loss) on residential whole loans measured at fair value through earnings$45,994 $89,850 $(43,856)Impairment and other net gain/(loss) on securities and other portfolio investments(10,869)6,225 (17,094)Net gain/(loss) on real estate owned3,136 9,392 (6,256)Net gain/(loss) on derivatives used for risk management purposes78,503 3,761 74,742 Net gain/(loss) on securitized debt measured at fair value through earnings(64,813)(99,589)34,776 Lima One mortgage banking income32,944 43,384 (10,440)Net realized gain/(loss) on residential whole loans held at carrying value418 (1,240)1,658 Other, net115 11,331 (11,216)Other Income/(Loss), net$85,428 $63,114 $22,314 Operating and Other Expense:Compensation and benefits$87,654 $85,799 $1,855 Other general and administrative expense44,254 43,869 385 Loan servicing, financing and other related costs35,306 34,136 1,170 Amortization of intangible assets3,200 4,200 (1,000)Operating and Other Expense$170,414 $168,004 $2,410 Income/(loss) before income taxes$119,694 $80,442