Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 398

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 4
Chunk 398
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 value of the collateral securing the related loan as of the most recent date available, which may be the origination date.  For Single-family and Multifamily transitional loans, the LTV presented is the ratio of the maximum unpaid principal balance of the loan, including unfunded commitments, to the estimated “after repaired” value of the collateral securing the related loan, where available.  For certain Single-family transitional loans, an after repaired valuation was not obtained and the loan was underwritten based on an “as is” valuation.  Excluded from the calculation of weighted average LTV are certain low value loans secured by vacant lots, for which the LTV ratio is not meaningful.The following tables present the components of interest income on the Company’s Residential whole loans:  Held at Carrying ValueHeld at Fair ValueTotalFor the Year Ended December 31,For the Year Ended December 31,For the Year Ended December 31, (In Thousands)202420232022202420232022202420232022Business purpose loans:Single-family transitional loans$1,230 $1,346 $7,810 $112,249 $82,377 $67,714 $113,479 $83,723 $75,524 Multifamily transitional loans— — — 94,443 65,706 — 94,443 65,706 — Single-family rental loans8,864 11,167 15,314 95,258 82,974 53,661 104,122 94,141 68,975 Total Business purpose loans$10,094 $12,513 $23,124 $301,950 $231,057 $121,375 $312,044 $243,570 $144,499 Non-QM loans$43,227 $47,471 $51,359 $192,735 $145,856 $98,384 $235,962 $193,327 $149,743 Legacy RPL/NPL loans$31,241 $34,150 $38,100 $52,298 $62,464 $78,520 $83,539 $96,614 $116,620 Other loans$— $— $— $2,011 $4,372 $30,361 $2,011 $4,