Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 173

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 173
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5

The following table summarizes the changes in our results of operations for the three months ended September 30, 2025 compared to the three months ended June 30, 2025.  

Three Months Ended(In Thousands, Except Per Share Amounts)September 30, 2025 June 30, 2025QoQ ChangeInterest Income: Residential whole loans$153,290 $154,568 $(1,278)Securities, at fair value27,708 28,778 (1,070)Other interest-earning assets515 528 (13)Cash and cash equivalent investments4,278 4,470 (192)Interest Income$185,791 $188,344 $(2,553)Interest Expense:Asset-backed and other collateralized financing arrangements$124,403 $122,523 $1,880 Other interest expense4,598 4,545 53 Interest Expense$129,001 $127,068 $1,933 Net Interest Income$56,790 $61,276 $(4,486)Reversal/(Provision) for Credit Losses on Residential Whole Loans$(276)$(791)$515 Reversal/(Provision) for Credit Losses on Other Assets— — — Net Interest Income after Reversal/(Provision) for Credit Losses$56,514 $60,485 $(3,971)Other Income/(Loss), net:Net gain/(loss) on residential whole loans measured at fair value through earnings$41,293 $33,611 $7,682 Impairment and other net gain/(loss) on securities and other portfolio investments18,004 6,645 11,359 Net gain/(loss) on real estate owned300 (2,911)3,211 Net gain/(loss) on derivatives used for risk management purposes200 (18,251)18,451 Net gain/(loss) on securitized debt measured at fair value through earnings(24,646)(7,105)(17,541)Lima One mortgage banking income5,594 6,087 (493)Net realized gain/(loss) on residential whole loans held at carrying value— $(343)343 Other, net(9,786)(5,483)(4,303)Other Income/(Loss), net$30,959 $12,250