Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 155

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 155
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 estate owned386 (4,505)— (4,119)Net gain/(loss) on derivatives used for risk management purposes(40,689)(8,417)— (49,106)Net gain/(loss) on securitized debt measured at fair value through earnings(48,024)(5,658)— (53,682)Lima One mortgage banking income— 17,118 — 17,118 Net realized gain/(loss) on residential whole loans held at carrying value(882)— — (882)Other, net(3,982)(15,208)2,470 (16,720)Other Income/(Loss), net$60,978 $884 $5,859 $67,721 Compensation and benefits$— $28,764 $31,986 $60,750 Other general and administrative expense(22)14,480 17,223 31,681 Loan servicing, financing and other related costs13,581 4,855 7,616 26,052 Amortization of intangible assets— 1,900 — 1,900 Income/(loss) before income taxes$161,663 $16,928 $(56,862)$121,729 Provision for/(benefit from) income taxes— — (735)(735)Net Income/(Loss)$161,663 $16,928 $(56,127)$122,464 Less Preferred Stock Dividend Requirement$— $— $29,613 $29,613 Net Income/(Loss) Available to Common Stock and Participating Securities$161,663 $16,928 $(85,740)$92,851 

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSSEPTEMBER 30, 2025

(In Thousands)Mortgage-Related AssetsLima OneCorporateTotalNine months ended September 30, 2024Interest Income$297,990 $237,104 $10,542 $545,636 Interest Expense209,234 167,796 16,678 393,708 Net Interest Income/(Expense)$88,756 $69,308 $(6,136)$151,928 Reversal/(Provision) for Credit Losses on Residential Whole Loans3,481