Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 97

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 97
---
,719 Other loans— — — — 51,937 — 51,937 Total Residential whole loans, at fair value$1,571,213 $1,426,147 $1,200,203 $1,259,961 $1,608,791 $618,550 $7,684,865 

22  

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

The following table presents realized credit losses, net of recoveries, on liquidated residential whole loans or residential whole loans that were transferred to REO, recognized in Other, net:Three Months EndedSeptember 30,Nine Months EndedSeptember 30, (In Thousands)2025202420252024Non-QM loans$(80)$— $(866)$88 Single-family rental loans(7,489)(669)(11,833)(2,123)Single-family transitional loans(946)(2,393)(4,469)(2,012)Multifamily transitional loans(1,353)(3,802)(5,602)(3,910)Legacy RPL/NPL loans(184)(220)(824)(1,120)Other loans— — — — Total Residential whole loans$(10,052)$(7,084)$(23,594)$(9,077)The following tables present certain information regarding the LTVs of the Company’s Residential whole loans that are 60 days or more delinquent: September 30, 2025(Dollars In Thousands)Carrying Value / Fair ValueUPBLTV (1)Non-QM loans$205,052 $209,456 64 %Business purpose loans:Single-family rental loans$32,964 $40,281 94 %Single-family transitional loans91,025 103,099 78 %Multifamily transitional loans23,947 46,762 67 %Total Business purpose loans$147,936 $190,142 Legacy RPL/NPL loans199,196 216,583 62 %Other loans— — — %Total Residential whole loans$552,184 $616,181 December 31, 2024(Dollars In Thousands)Carrying Value / Fair ValueUPBLTV (1)Non-QM loans$166,