Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 277

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 277
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 securitized debt held at fair value, with amortized cost bases of $197.4 million, $76.9 million, and $5.4 billion, respectively.  At December 31, 2024, the Company had $19.8 million of agreements with mark-to-market collateral provisions held at fair value, $284.8 million of agreements with non-mark-to-market collateral provisions held at fair value, and $5.2 billion of securitized debt held at fair value, with amortized cost bases of $19.8 million, $284.8 million, and $5.3 billion, respectively.  (2)Weighted average cost of funding reflects annualized quarter-to-date interest expense (inclusive of the amortization of deferred financing costs) divided by average balance for the financing agreements.  The cost of funding for the total financing agreements includes the impact of the net Swap carry (the difference between Swap interest income received and Swap interest expense paid) on the Company’s Swaps.  For the three months ended June 30, 2025, this decreased the overall funding cost by 64 basis points, and for the three months ended December 31, 2024, this decreased the overall funding cost by 107 basis points. The Company does not allocate the impact of the net Swap carry by type of financing agreement.  

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

The following table presents maturities with respect to the Company’s financing agreements with mark-to-market and non-mark-to-market collateral provisions:  As of June 30, 2025Unpaid Principal Balance, Maturing In(In Thousands)Collateral0-3 Months (1)3-6 Months6-12 MonthsGreater than 12 Months (2)TotalAgreements with mark-to-market collateral provisionsResidential whole loans$603,168 $467,121 $226,284 $262,227 $1,558,800 Agreements with mark-to-market collateral provisionsSecurities1,602,493 — — — 1,602,493 Total Agreements with mark-to-market collateral provisions2,205,661 467,121 226,284 262,227 3,161,293 Agreements with non-mark-to-market collateral provisionsResidential