Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 481

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7A
Chunk 481
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,884 3,568,694 2,961,693 4,291,086 3,805,577 Legacy RPL/NPL loans$457,654 $498,671 $624,895 $705,424 $1,082,549 $1,204,095 Other loans$— $— $52,073 $55,779 $52,073 $55,779 Allowance for Credit Losses$(10,665)$(20,451)$— $— $(10,665)$(20,451)Total Residential whole loans$1,300,014 $1,529,784 $7,511,210 $7,511,508 $8,811,224 $9,041,292 Number of loans5,582 6,326 18,588 19,075 24,170 25,401 (1) Includes $442.4 million and $471.1 million of loans collateralized by new construction projects at origination as of December 31, 2024 and December 31, 2023, respectively.(2) As of December 31, 2024, no loans were held-for-sale and as of December 31, 2023, $13.6 million of held-for sale loans were included in the carrying value. For the year ended December 31, 2024, the Company recorded a $0.5 million gain on these loans resulting from their sale.

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024

The following tables presents additional information regarding the Company’s Residential whole loans:December 31, 2024Asset AmountFair ValueUnpaid Principal Balance (“UPB”)Weighted Average Coupon (1)Weighted Average Term to Maturity (Months)Weighted Average LTV Ratio (2)Weighted Average Original FICO (3)Aging by UPB60+ Days Past Due %Past Due Days(Dollars In Thousands)Current30-5960-8990+Business Purpose Loans:Single-family transitional (4)$1,099,466 $1,099,700 $1,106,631 10.44 %567 %750$957,266 $33,393 $15,964 $100,008