Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 153

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 153
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payments or scheduled amortization. 

(In Thousands)Business purpose loans (1)Non-QMloans (2)Legacy RPL/NPL loans (3)Other loansAmount due: Within one year$1,615,348 $— $2,060 $— After one year:Over one to five years228,383 — 8,282 — Over five years1,295,329 4,540,553 1,051,460 53,137 Total due after one year$1,523,712 $4,540,553 $1,059,742 $53,137 Total residential whole loans$3,139,060 $4,540,553 $1,061,802 $53,137 

(1)Excludes an allowance for credit losses of $1.8 million at March 31, 2025. 

(2)Excludes an allowance for credit losses of $1.9 million at March 31, 2025.  

(3)Excludes an allowance for credit losses of $6.4 million at March 31, 2025.

The following table presents, at March 31, 2025, the dollar amount of certain of our residential whole loans, contractually maturing after one year, and indicates whether the loans have fixed interest rates or adjustable interest rates:

(In Thousands)Business purpose loans (1) (2)Non-QMloans (1) (2)Legacy RPL/NPL loans (1) (2)Other loansInterest rates: Fixed$1,192,506 $3,766,015 $871,770 $53,137 Adjustable331,207 774,537 187,973 — Total$1,523,712 $4,540,553 $1,059,742 $53,137 

(1)Includes loans on which borrowers have defaulted and are not making payments of principal and/or interest as of March 31, 2025.

(2)Excludes an allowance for credit losses.

Our Transitional loans contain various contractual extension features, typically ranging from three to twenty-four months subject to certain conditions, generally including our consent. Transitional loans are generally only extended if the loan is current and in compliance with various other loan terms. Given the short duration of our Transitional loans, maturity extensions are a regular occurrence, irrespective of market