Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 82

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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Total Business purpose loans$119,716 $130,633 $3,019,344 $3,265,548 $3,139,060 $3,396,181 Non-QM loans695,523 722,392 3,845,030 3,568,694 4,540,553 4,291,086 Legacy RPL/NPL loans447,246 457,654 614,556 624,895 1,061,802 1,082,549 Other loans— — 53,137 52,073 53,137 52,073 Allowance for Credit Losses(10,194)(10,665)— — (10,194)(10,665)Total Residential whole loans$1,252,291 $1,300,014 $7,532,067 $7,511,210 $8,784,358 $8,811,224 Number of loans5,430 5,582 18,586 18,588 24,016 24,170 (1)Includes $397.7 million and $442.4 million of loans collateralized by new construction projects at origination as of March 31, 2025 and December 31, 2024, respectively.(2)Includes $2.1 million and $0.0 million held-for-sale loans as of March 31, 2025 and December 31, 2024, respectively. For the three months ended March 31, 2025, the Company recorded a $0.5 million loss on these loans resulting from adjusting their carrying value to the lower of cost or fair value.(3)No loans were held-for-sale as of March 31, 2025 and December 31, 2024. For the three months ended March 31, 2024, the Company recorded a $0.5 million gain on loans resulting from their sale, which were held-for-sale as of December 31, 2023. 

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSMARCH 31, 2025

The following tables present additional information regarding the Company’s Residential whole loans:  March 31, 2025Asset AmountFair ValueUnpaid Principal Balance (“UPB”)Weighted Average Coupon (