Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 142

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 142
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 instruments within the fair value hierarchy on a quarterly basis, and management may conclude that its financial instruments should be reclassified to a different level in the future.

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

The following tables present the Company’s financial instruments carried at fair value on a recurring basis as of September 30, 2025 and December 31, 2024, on the consolidated balance sheets by the valuation hierarchy, as previously described:Fair Value at September 30, 2025 (In Thousands)Level 1Level 2Level 3TotalAssets:Residential whole loans, at fair value$— $51,937 $7,632,928 $7,684,865 Securities, at fair value— 2,259,657 — 2,259,657 Total assets carried at fair value$— $2,311,594 $7,632,928 $9,944,522 Liabilities:Agreements with non-mark-to-market collateral provisions$— $— $39,717 $39,717 Agreements with mark-to-market collateral provisions— — 65,615 65,615 Securitized debt— 5,847,247 — 5,847,247 Total liabilities carried at fair value$— $5,847,247 $105,332 $5,952,579 Fair Value at December 31, 2024 (In Thousands)Level 1Level 2Level 3TotalAssets:    Residential whole loans, at fair value$— $52,073 $7,459,137 $7,511,210 Securities, at fair value— 1,537,513 — 1,537,513 Total assets carried at fair value$— $1,589,586 $7,459,137 $9,048,723 Liabilities:Agreements with non-mark-to-market collateral provisions— — 284,843 284,843 Agreements with mark-to-market collateral provisions— — 19,782 19,782 Securitized debt— 5,211,380 — 5,211,380 Total liabilities carried at fair value$