Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 115

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 115
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, Maturing In(In Thousands)Collateral0-3 Months (1)3-6 Months6-12 MonthsGreater than 12 Months (2)TotalAgreements with mark-to-market collateral provisionsResidential whole loans$587,975 $111,768 $316,774 $233,964 $1,250,481 Agreements with mark-to-market collateral provisionsSecurities1,878,417 — — — 1,878,417 Total Agreements with mark-to-market collateral provisions2,466,392 111,768 316,774 233,964 3,128,898 Agreements with non-mark-to-market collateral provisionsResidential whole loans79,026 — — 87,217 166,243 (1)$2.4 billion of the mark-to-market agreements (included in the 0-3 months category) can be terminated by either party. (2)Amounts presented are based on the assumed exercise of the Company’s unilateral option to extend by one year the maturity of an agreement with mark-to-market collateral provisions with $191.2 million outstanding.  The longest maturity date is approximately 48 months. The following table presents information with respect to the Company’s financing agreements with 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 31,2024Mark-to-market financing agreements secured by residential whole loans (1)$1,230,756 $1,295,653 Fair value of residential whole loans pledged as collateral under financing agreements$1,554,603 $1,608,344 Weighted average haircut on residential whole loans (2)20.81 %19.24 %Mark-to-market financing agreements secured by securities at fair value$1,878,417 $1,279,007 Securities at fair value pledged as collateral under financing agreements$1,960,923 $1,352,918 Weighted average haircut on securities at fair value (2)4.13 %4.99 %Mark-to-market financing agreements secured by real estate owned$19,106 $25,390 Fair value of real estate owned pledged as collateral under financing agreements$41,645 $62,659 Weighted average haircut on real estate owned (2)47.51