Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 286

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 286
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 agreements$41,645 $62,659 Weighted average haircut on real estate owned (2)47.51 %55.71 %(1)Includes an aggregate of $482.9 million and $394.9 million of mark-to-market financing collateralized by Non-Agency MBS with a fair value of $627.8 million and $506.6 million obtained in connection with the Company’s loan securitization transactions that are eliminated in consolidation as of September 30, 2025 and December 31, 2024, respectively. (2)Haircut represents the percentage amount by which the collateral value is contractually required to exceed the amount borrowed. The following table presents information with respect to the Company’s financing agreements with non-mark-to-market collateral provisions and associated assets pledged as collateral at September 30, 2025 and December 31, 2024:(Dollars in Thousands)September 30,2025December 31,2024Non-mark-to-market financing secured by residential whole loans$166,126 $576,774 Fair value of residential whole loans pledged as collateral under financing agreements$208,911 $740,494 Weighted average haircut on residential whole loans18.15 %21.40 %Non-mark-to-market financing secured by real estate owned$— $— Fair value of real estate owned pledged as collateral under financing agreements$— $— Weighted average haircut on real estate owned— %— %In addition, the Company had aggregate restricted cash held in connection with its financing agreements including securitized debt, of $40.3 million and $32.1 million at September 30, 2025 and December 31, 2024, respectively. 

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

The following table presents repricing information (excluding the impact of associated derivative hedging instruments, if any) about the Company’s financing agreements that have non-mark-to-market collateral provisions as well as those that have mark-to-market collateral provisions, at September 30, 2025 and December 31, 2024:   September 30, 2025December 31, 2024Amortized Cost BasisWeighted Average Interest RateAmortized Cost BasisWeighted Average Interest RateTime Until Interest