Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 101

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 101
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,662)(23,691)132,202 13,166 (490)12,676 144,878 Total residential mortgage securities (2)(3)(4)$1,550,699 $20,281 $(9,187)$(23,691)$1,538,102 $15,484 $(16,073)$(589)$1,537,513 (1)Discount designated as Credit Reserve is generally not expected to be accreted into interest income.(2)Based on management’s current estimates of future principal cash flows expected to be received.  (3)Amounts disclosed at June 30, 2025 includes CRT securities with a fair value of $47.9 million for which the fair value option has been elected.  Such securities had approximately $2.5 million gross unrealized gains and no gross unrealized losses at June 30, 2025.  Amounts disclosed at December 31, 2024 include CRT securities with a fair value of $51.5 million for which the fair value option has been elected.  Such securities had gross unrealized gains of approximately $3.2 million and no gross unrealized losses at December 31, 2024.  (4)Amounts disclosed at June 30, 2025 include Non-Agency MBS with a fair value of $22.5 million for which the fair value option has been elected.  Such securities had approximately $0.6 million gross unrealized gains and $0.3 million gross unrealized losses at June 30, 2025.  Amounts disclosed at December 31, 2024 include Non-Agency MBS with a fair value of $22.6 million for which the fair value option has been elected.  Such securities had $0.5 million gross unrealized gains and $0.5 million gross unrealized losses at December 31, 2024.Sales of Residential Mortgage Securities During the three months ended March 31, 2025, the Company sold a CRT security for approximately $2.6 million, realizing a gain of $0.2 million. During the three months ended June 30, 2025, there were no sales of residential mortgage securities. During the three and six months ended June 30, 2024, the Company sold MSR-related assets for approximately $29.6 million, realizing gains of $2.7 million.Impair