MFA FINANCIAL INC (MFA)
Financials · Mortgage REIT / Residential mortgage finance · NYSE
MFA is a REIT focused on acquiring and financing non-traditional residential mortgage assets like Non-QM loans and Business Purpose Loans while managing interest rate and credit risk through securitizations and hedging.
What MFA FINANCIAL INC does
MFA Financial is a specialty finance company and internally-managed REIT that invests in and finances residential mortgage assets, including residential whole loans (Non-QM, Business Purpose, and Legacy RPL/NPL loans), residential mortgage securities (Agency and Non-Agency MBS, CRT securities), and real estate owned (REO). The company also owns Lima One Capital, a subsidiary that originates and services Business Purpose Loans for real estate investors.
Themes: ["residential mortgage finance","non-agency MBS","Non-QM lending","Business Purpose Loans","REIT / fixed income"]
Fundamentals
- Price$9.43 as of 2026-07-09 close
- Market cap$959M as of 2026-07-10
- 1-year return-2.5% as of 2026-07-09 close
- P/E7.12 as of 2026-07-10
- Net margin+16.3% as of 2026-07-10
- Gross margin+36.2% as of 2026-07-10
- ROE+7.4% as of 2026-07-10
- Debt / equity6.25 as of 2026-07-10
- Revenue growth (YoY)-23.7% as of 2026-07-10
- Beta1.51 as of 2026-07-10
Dividend: yield +15.3%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Interest rate sensitivity and financing cost exposure through asset-backed collateralized financing arrangements that comprised $11.1 billion of liabilities at Q1 2026","Credit losses on residential whole loans portfolio of $8.8 billion, with exposure to Non-QM and Legacy NPL/RPL assets that carry higher credit risk","Market value volatility on securities and whole loan portfolios measured at fair value, with realized losses of $34.8 million on residential whole loans and $38.3 million on securities in Q1 2026"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.