Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 105

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 105
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 includes the impact of the net carry (the difference between swap interest income received and swap interest expense paid) on the Company’s Swaps.  For the  three months ended March 31, 2025, this decreased the overall funding cost by 66 basis points, and for the three months ended December 31, 2024, this decreased the overall funding cost by 107 basis points. The Company does not allocate the impact of the net carry by type of financing agreement.  

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSMARCH 31, 2025

The following table presents maturities with respect to the Company’s financing agreements with mark-to-market and non-mark-to-market collateral provisions:  As of March 31, 2025Unpaid Principal Balance, 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$453,824 $324,785 $259,822 $310,424 $1,348,855 Agreements with mark-to-market collateral provisionsSecurities1,544,478 — — — 1,544,478 Total Agreements with mark-to-market collateral provisions1,998,302 324,785 259,822 310,424 2,893,333 Agreements with non-mark-to-market collateral provisionsResidential whole loans24,400 161,459 215,641 15,781 417,281 (1)$1.9 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 $310.4 million outstanding.  The longest maturity date is approximately 20 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 March 31, 2025 and December 31, 2024:(Dollars in Thousands)March 31,2025December 31,2024Mark-to-market financing agreements secured by residential whole loans (1)$1,326,730