Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 317

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 4
Chunk 317
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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 amount of certain of our residential whole loans, contractually maturing after one year, and indicates whether the loans have fixed interest rates or adjustable interest rates:

(In Thousands)Business purpose loans (1)(2)Non-QM loans (1)(2)Legacy RPL/NPL loans (1)(2)Other loansInterest rates: Fixed$1,312,219 $3,503,781 $885,572 $52,073 Adjustable347,851 787,305 195,417 — Total$1,660,069 $4,291,086 $1,080,989 $52,073 

(1)Includes loans on which borrowers have defaulted and are not making payments of principal and/or interest as of December 31, 2024.

(2)Excludes an allowance for credit losses.

Our Transitional loans contain various contractual extension