MFA Financial, Inc. Announces Second Quarter 2026 Financial Results

About this update from Mfa Financial, Inc.

NEW YORK, August 05, 2026 --( BUSINESS WIRE )--MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the second quarter ended June 30, 2026: Second Quarter 2026 Financial Results: "We grew our investment portfolio, protected book value and made further progress on our strategic initiatives during the second quarter," said Craig Knutson, MFA's Chief Executive Officer. "Originations at Lima One grew by 44% to $316 million. We securitized or re-securitized over $800 million of loans. We resolved nearly $200 million of previously delinquent loans, driving our portfolio-wide default rate down to 7.0% from 7.8% at March 31. Although Distributable earnings were weighed down by realized losses incurred on several legacy multifamily loans, DE prior to realized credit losses rose to 35 cents, which we believe better reflects the underlying earnings power of our portfolio." "We acquired over $1.6 billion of residential mortgage assets during the quarter," added Bryan Wulfsohn, President and Chief Investment Officer. "We purchased $462 million of Non-QM loans and increased our Agency MBS position to $4.1 billion. We sold $94 million of newly-originated SFR loans to third-party investors, generating $2.3 million in gain-on-sale income. Finally, we again repurchased over 500,000 shares of our common stock, bringing cumulative repurchases to 2 million shares since last year." Q2 2026 Portfolio Activity Webcast MFA Financial, Inc. plans to host a live audio webcast of its investor conference call on Wednesday, August 5, 2026, at 11:00 a.m. (Eastern Time) to discuss its second quarter 2026 financial results. The live audio webcast will be accessible to the general public over the internet at http://www.mfafinancial.com . Earnings presentation materials will be posted on the MFA website prior to the conference call and an audio replay will be available on the website following the call. About MFA Financial, Inc. MFA Financial, Inc. (NYSE: MFA) is a leading specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities and other real estate assets. Through its wholly-owned subsidiary, Lima One Capital, MFA also originates and services business purpose loans for real estate investors. MFA has distributed over $5 billion in dividends to stockholders since its initial public offering in 1998. MFA is an internally-managed, publicly-traded real estate investment trust. The following tables present MFA's asset allocation as of June 30, 2026, and the yield on average interest-earning assets, average cost of funds, impact of net Swap carry and net interest rate spread for the various asset types. Table 1 - Asset Allocation Table 2 - Net Interest Spread The following table presents the activity for our residential mortgage asset portfolio for the three months ended June 30, 2026: Table 3 - Investment Portfolio Activity Q2 2026 The following tables present information on our investments in residential whole loans: Table 4 - Portfolio Composition/Residential Whole Loans Table 5 - Yields and Average Balances/Residential Whole Loans

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