Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 253

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 253
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,281 $(9,187)$(23,691)$1,538,102 $15,484 $(16,073)$(589)$1,537,513 (1)Discount designated as Credit Reserve is generally not expected to be accreted into interest income.(2)Based on management’s current estimates of future principal cash flows expected to be received.  (3)Amounts disclosed at March 31, 2025 includes CRT securities with a fair value of $51.1 million for which the fair value option has been elected.  Such securities had approximately $2.9 million gross unrealized gains and  no gross unrealized losses at March 31, 2025.  Amounts disclosed at December 31, 2024 include CRT securities with a fair value of $51.5 million for which the fair value option has been elected.  Such securities had gross unrealized gains of approximately $3.2 million and no gross unrealized losses at December 31, 2024.  (4)Amounts disclosed at March 31, 2025 include Non-Agency MBS with a fair value of $22.9 million for which the fair value option has been elected.  Such securities had approximately $0.7 million gross unrealized gains and $0.1 million gross unrealized losses at March 31, 2025.  Amounts disclosed at December 31, 2024 include Non-Agency MBS with a fair value of $22.6 million for which the fair value option has been elected.  Such securities had $0.5 million gross unrealized gains and $0.5 million gross unrealized losses at December 31, 2024.Sales of Residential Mortgage Securities During the three months ended March 31, 2025, the Company sold a CRT security for approximately $2.6 million, realizing a gain of $0.2 million. During the three months ended March 31, 2024, there were no sales of residential mortgage securities.Impairment and Other Net Gain/(Loss) on Securities and Other Portfolio InvestmentsThe following table presents the components of Impairment and other net gain/(loss) on securities and other portfolio investments, which is presented in Other Income/(Loss), net in the consolidated statements of operations:Three Months EndedMarch 31, (In Thousands)20252024Net unrealized gain/(loss) on securities$20,201 $(4