Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 265

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 265
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 30, 2025, the Company granted two loan modifications in its carrying value loan portfolio, both with term extensions. The combined increase in average life for the loans with term extensions was two months. As of September 30, 2025, the carrying value of these loans was approximately $0.23 million.  As of September 30, 2025, these loans were not greater than 60 days delinquent. During the past 12 months, the Company has granted five loan modifications in its carrying value loan portfolio, which gave borrowers term extensions, with one of them including an interest rate reduction. The average increase in weighted average life was 74 months, and the interest rate reduction was 1.25%. As of September 30, 2025, the carrying value of these loans was approximately $0.43 million.  As of September 30, 2025, only one of these loans was 120+ days delinquent. 

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

The following table presents certain additional credit-related information regarding our Residential whole loans, at carrying value:  Amortized Cost Basis by Origination Year and LTV Bands(In Thousands)2025 - 20222021PriorTotalNon-QM loansLTV <= 80% (1)$— $35,374 $571,818 $607,192 LTV > 80% (1)— 1,354 6,915 8,269 Total Non-QM loans$— $36,728 $578,733 $615,461 Nine Months Ended September 30, 2025 Gross write-offs$— $— $37 $37 Business purpose loansLTV <= 80% (1)$— $5,719 $91,206 $96,925 LTV > 80% (1)— — 2,149 2,149 Total Business purpose loans$— $5,719 $93,355 $99,074 Nine Months Ended September 30, 2025 Gross write-offs$— $31 $1,459 $1,490 Legacy RPL/NPL loansLTV <= 80% (1)$— $— $377,755 $377