Here are the 10-K annual reports from MFA Financial Inc (MFAN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MFAN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MFAN filings page.
MFA Financial, Inc. is an internally managed REIT focused on residential mortgage assets, mainly residential whole loans and mortgage-backed securities. It aims to generate distributable income and credit-driven returns while maintaining REIT and Investment Company Act compliance.
In 2025, MFA acquired approximately $2.7 billion of residential whole loans, including $0.9 billion originated by its Lima One subsidiary. As of December 31, 2025, total investment-related assets included $8.8 billion of residential whole loans, $3.4 billion of residential mortgage securities, and $301.2 million of other investment-related assets.
Key risks center on credit performance of whole loans and MBS, leverage and margin calls, interest rate and prepayment volatility, regulatory changes, geographic concentration (notably California, Florida, Texas, Georgia and New York), and operational risks tied to third-party servicers and Lima One. On June 30, 2025, non-affiliate market value of common stock was $966 million, with 102,093,862 shares outstanding on February 17, 2026.