Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 318

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 4
Chunk 318
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 features, typically ranging from three to twelve months subject to certain conditions, generally including our consent. Transitional loans are generally only extended if the loan is current and in compliance with various other loan terms. Given the short duration of our Transitional loans, maturity extensions are a regular occurrence, irrespective of market conditions. At December 31, 2024, approximately 18% of our Multifamily transitional loans and 26% of our Single-family transitional loans held as of period end had been extended. 

For additional information regarding our residential whole loan portfolios, including information about delinquency trends, see Note 3 to the consolidated financial statements, included under Item 8 of this Annual Report on Form 10-K.

44  

Securities, at Fair Value

The following table presents information with respect to our Securities, at fair value at December 31, 2024 and December 31, 2023: 

(Dollars in Thousands)December 31, 2024 December 31, 2023Agency MBS   Face/Par$1,403,891  $554,300 Fair Value1,392,635  559,144 Amortized Cost1,405,900  555,624 Weighted average yield (1)5.45 %5.59 %Weighted average time to maturity29.1 years29.3 yearsTerm notes backed by MSR collateralFace/Par$55,000 $85,000 Fair Value54,588 79,895 Amortized Cost50,639 74,184 Weighted average yield (1)13.95 %16.96 %Weighted average time to maturity0.8 years1.8 yearsCRT securitiesFace/Par$64,602 $79,617 Fair Value67,642 83,222 Amortized Cost58,930 68,971 Weighted average yield (1)9.35 %10.30 %Weighted average time to maturity15.0 years17.9 yearsNon-Agency MBSFace/Par$27,206 $28,485 Fair Value22,648 23,828 Amortized Cost22,633 23,482 Weighted average yield (1)5.67 %5.84 %Weighted average time to maturity26.8 years27.8 years

(1)Weighted average yield is annualized interest income divided