MFA FINANCIAL, INC.

The company is a specialty finance company that invests in and finances residential mortgage assets. Its targeted investments primarily include residential whole loans, such as Non-QM loans, Business purpose loans, and Legacy RPL/NPL loans. These are acquired and held through consolidated trusts. Through its wholly-owned subsidiary, Lima One Capital, LLC, acquired on July 1, 2021, the company originates and services Business purpose loans (BPLs) for real estate investors nationwide. The company also owns real estate (REO), typically acquired from foreclosures or liquidations of delinquent whole loans. Additionally, it invests in residential mortgage securities, including Agency MBS, Non-Agency MBS, and CRT securities. The company's main goal is to provide shareholder value by generating distributable income and through asset performance tied to residential mortgage credit fundamentals. It selectively invests in residential mortgage assets, focusing on credit analysis, projected prepayment rates, interest rate sensitivity, and expected return. The company is an internally-managed real estate investment trust (REIT). In 2025, the Bloomberg US Aggregate Index returned 7.3%. The company was incorporated in Maryland on July 24, 1997, and began operations on April 10, 1998.