Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 110

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 110
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078 2.56.26(1)The amount at risk reflects the difference between (a) the amount loaned to the Company through financing agreements, including interest payable, and (b) the cash and the fair value of the assets pledged by the Company as collateral, including accrued interest receivable on such assets.(c)   Pledged CollateralThe following tables present the Company’s assets (based on carrying value) pledged as collateral for its various financing arrangements as of March 31, 2025 and December 31, 2024:March 31, 2025Financing Agreements(In Thousands)SecuritizedNon-Mark-to-Market (1)Mark-to-Market (1)TotalAssets:Residential whole loans (2)$7,022,048 $562,959 $1,135,439 $8,720,446 Securities, at fair value— — 1,631,474 1,631,474 Other assets: REO30,662 — 57,203 87,865 Total$7,052,710 $562,959 $2,824,116 $10,439,785 December 31, 2024Financing Agreements(In Thousands)SecuritizedNon-Mark-to-Market (1)Mark-to-Market (1)TotalAssets:Residential whole loans (2)$6,886,776 $740,260 $1,107,079 $8,734,115 Securities, at fair value— — 1,352,918 1,352,918 Other assets: REO26,934 — 56,505 83,439 Total$6,913,710 $740,260 $2,516,502 $10,170,472 (1)An aggregate of $25.8 million and $27.1 million of accrued interest on those assets pledged against non-mark-to-market and mark-to-market financing agreements had also been pledged as of March 31, 2025 and December 31, 2024, respectively.  (2)Includes an aggregate of $391.9 million and $394.9 million of mark-to-market financing collateralized by Non-Agency MBS with a fair value of $495.9 million and $506.6 million obtained in connection with the Company’s loan securitization transactions