MFA Financial
MFA Financial, Inc. is an internally-managed real estate investment trust (REIT) that specializes in investing in and financing a diverse portfolio of residential mortgage assets. The company generates shareholder value through distributable income and asset performance by focusing on residential mortgage credit fundamentals, including loan origination and securitization. Its primary activities involve the acquisition and management of residential whole loans and mortgage-backed securities.
Financials
Based on Q1 2026 filing
Revenue
View metricNet Income
View metricOperating Cash Flow
View metricFree Cash Flow
View metricEPS (Diluted)
View metricBusiness Segments
Residential Whole Loans
primaryAcquisition, origination, and management of various residential loan types, including non-qualified mortgages and business purpose loans. This segment includes loans held in consolidated trusts and real estate owned (REO) through foreclosure.
Non-QM loans, Single-family transitional loans, Multifamily transitional loans, Single-family rental loans, Legacy RPL/NPL loans, Business purpose loans (BPLs)
Real estate investors, Non-occupant borrowers, Residential mortgage borrowers
Residential Mortgage Securities
majorInvestment in securities backed by residential mortgages, providing liquidity and interest income through various credit structures.
Agency MBS, Non-Agency MBS, Credit Risk Transfer (CRT) securities
Institutional secondary markets
Segment Financials
Mortgage-Related Assets — Net realized gain/(loss) on residential whole loans held at carrying value
View metricMortgage-Related Assets — Net gain/(loss) on residential whole loans measured at fair value through earnings
View metricMortgage-Related Assets — Loan servicing, financing and other related costs
View metricMortgage-Related Assets — Interest Income
View metricMortgage-Related Assets — Interest Income (Expense), Operating
View metricBusiness Overview
Competitive Position
MFA is a leading nationwide originator of business purpose loans through its Lima One subsidiary and maintains a significant presence in the Non-QM and distressed loan markets.
Geographies
United States
Customer Segments
Real Estate Investors, Institutional Investors
Upstream Dependencies
Warehouse financing providers, Repurchase agreement counterparties, Loan origination partners, Credit rating agencies
Downstream Customers
Real estate investors, Mortgage borrowers, Institutional buyers of securitized bonds
Competitors & Partners
Competitors
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Subsidiaries
Lima One Capital, LLC
Wholly-owned nationwide originator and servicer of Business Purpose Loans
Lima One Holdings, LLC
Parent company of Lima One Capital
MFA Financial FAQ
Common questions about MFA Financial
MFA Financial, Inc. is an internally-managed real estate investment trust (REIT) that specializes in investing in and financing a diverse portfolio of residential mortgage assets. The company generates shareholder value through distributable income and asset performance by focusing on residential mortgage credit fundamentals, including loan origination and securitization. Its primary activities involve the acquisition and management of residential whole loans and mortgage-backed securities.
MFA Financial (MFA) has a market capitalization of $975.3M and trades on NYSE.
MFA Financial generated $756.5M in trailing twelve-month revenue with net income of $134.6M, representing a net margin of 17.8%. These figures are based on the Q1 2026 filing.
MFA Financial's key competitors include PennyMac Mortgage Investment Trust, AGNC Investment Corp., Adamas Trust, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
MFA Financial has approximately 377 employees.