Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 143

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 143
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— $5,211,380 $304,625 $5,516,005  Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring BasisThe following table presents additional information for the three and nine months ended September 30, 2025 and 2024 about the Company’s Residential whole loans, at fair value, which are classified as Level 3 and measured at fair value on a recurring basis:Residential Whole Loans, at Fair ValueThree Months Ended September 30,Nine Months Ended September 30,(In Thousands)2025202420252024Balance at beginning of period$7,577,178 $7,719,191 $7,459,137 $7,455,729 Purchases and originations601,317 432,232 1,748,138 1,456,353 Draws77,373 132,944 282,224 448,849 Changes in fair value recorded in Net gain/(loss) on residential whole loans measured at fair value through earnings51,301 137,859 145,804 164,748 Repayments(556,736)(532,502)(1,696,053)(1,434,164)Loan sales and repurchases(92,543)(235,582)(231,392)(409,420)Transfer to REO(24,962)(35,310)(74,930)(63,263)Balance at end of period$7,632,928 $7,618,832 $7,632,928 $7,618,832 

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSSEPTEMBER 30, 2025

The following table presents additional information for the three and nine months ended September 30, 2025 and 2024 about the Company’s financing agreements with non-mark-to-market collateral provisions, which are classified as Level 3 and measured at fair value on a recurring basis:Agreements with Non-mark-to-market Collateral ProvisionsThree Months Ended September 30,Nine Months Ended September 30,(In Thousands)2025202420252024Balance at beginning of period$76,880 $377,252 $284,843 $469,424 Issuances— — — 112,740 Payment of principal(37,