Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 260

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 260
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— 51,458 Total Residential whole loans, at fair value$1,036,664 $1,605,467 $1,359,521 $1,343,097 $1,647,915 $635,971 $7,628,635 The following table presents realized credit losses, net of recoveries, on liquidated residential whole loans or residential whole loans that were transferred to REO, recognized in Other, net:Three Months EndedJune 30,Six Months EndedJune 30, (In Thousands)2025202420252024Non-QM loans$(649)$87 $(785)$88 Single-family rental loans(3,148)(567)(4,344)(1,454)Single-family transitional loans(1,351)(271)(3,524)381 Multifamily transitional loans(4,080)(80)(4,249)(107)Legacy RPL/NPL loans(584)(518)(640)(899)Other loans— — — — Total Residential whole loans$(9,812)$(1,349)$(13,542)$(1,991)

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

The following tables present certain information regarding the LTVs of the Company’s Residential whole loans that are 60 days or more delinquent: June 30, 2025(Dollars In Thousands)Carrying Value / Fair ValueUPBLTV (1)Non-QM loans$192,830 $195,376 64 %Business purpose loans:Single-family rental loans$41,862 $50,115 92 %Single-family transitional loans104,741 115,674 77 %Multifamily transitional loans32,184 63,297 73 %Total Business purpose loans$178,787 $229,086 Legacy RPL/NPL loans218,073 239,436 63 %Other loans— — — %Total Residential whole loans$589,690 $663,898 December 31, 2024(Dollars In Thousands)Carrying Value / Fair ValueUPBLTV (1)Non-QM loans$166,299 $169,459 66 %Business purpose loans:Single-family rental loans$42,995 $54,732