Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 444

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7A
Chunk 444
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28)%(7.91)% + 50 Basis Point Increase$(65,291)(0.57)%(3.54)%Actual at December 31, 2024$— — %— % - 50 Basis Point Decrease$50,113 0.44 %2.72 % -100 Basis Point Decrease$85,049 0.75 %4.62 %

December 31, 2023 

Change in Interest RatesChange in Estimated Net Portfolio Value (1)(2)Percentage Change in Net Portfolio ValuePercentage Change in Total Stockholders’ Equity(Dollars in Thousands)    +100 Basis Point Increase$(124,116)(1.17)%(6.53)% + 50 Basis Point Increase$(55,474)(0.52)%(2.92)%Actual at December 31, 2023$— — %— % - 50 Basis Point Decrease$42,307 0.40 %2.23 % -100 Basis Point Decrease$71,446 0.68 %3.76 %

(1)Assets in our portfolio include residential whole loans and REO, securities, other portfolio investments, goodwill, intangibles, receivables, and cash and cash equivalents and restricted cash. 

(2)Change in estimated net portfolio value includes the effect of our interest rate swaps, securitized debt, and other fixed rate debt.  

Certain assumptions have been made in connection with the calculation of the information set forth in the Shock Table and, as such, there can be no assurance that assumed events will occur or that other events will not occur that would affect the outcomes.  The base interest rate scenario assumes interest rates at December 31, 2024 and 2023.  The analysis presented utilizes assumptions and estimates based on management’s judgment and experience.  Furthermore, while we generally expect to retain the majority of our assets and the associated interest rate risk to maturity, future purchases and sales of assets could materially change our interest rate risk profile.  It should be specifically noted that the information set forth in the above tables and all related disclosure constitute forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act.  Actual results could differ significantly from those estimated in the Shock Table above.

The Shock Table quantifies the potential changes in portfolio value, which