Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 409

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7
Chunk 409
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 Mark-to-market Collateral Provisions(616)(591)(45)(1,279)(69)(2,600)Securitized Debt(1,651)(3,227)(916)— (1)(5,795)Senior Notes— — — — (184)(184)Net Equity Allocated$550 $471 $115 $196 $510 $1,842 Debt/Net Equity Ratio (2)5.2 x8.1 x8.4 x6.8 x5.0 x

(1)Includes $338.9 million of cash and cash equivalents, $262.4 million of restricted cash, $52.1 million of Other loans and $16.8 million of capital contributions made to loan origination partners, as well as other assets and other liabilities.    

(2)Total Debt/Net Equity ratio represents the sum of borrowings under our financing agreements as a multiple of net equity allocated. 

43  

Residential Whole Loans

The following table presents the contractual maturities of our residential whole loan portfolios at December 31, 2024.  Amounts presented do not reflect estimates of prepayments or scheduled amortization. 

(In Thousands)Business purpose loans (1)Non-QM loans (2)Legacy RPL/NPL loans (3)Other loansAmount due: Within one year$1,736,112 $— $1,560 $— After one year:Over one to five years322,455 — 8,440 — Over five years1,337,614 4,291,086 1,072,549 52,073 Total due after one year$1,660,069 $4,291,086 $1,080,989 $52,073 Total residential whole loans$3,396,181 $4,291,086 $1,082,549 $52,073 

(1)Excludes an allowance for credit losses of $1.8 million at December 31, 2024.

(2)Excludes an allowance for credit losses of $2.1 million at December 31, 2024.  

(3)Excludes an allowance for credit losses of $6.8 million at December 31, 2024. 

The following table presents, at December 31, 2024, the dollar