secwatch.observer — SEC 8-K summary
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Issuer:     MFA FINANCIAL, INC. (MFA)
CIK:        0001055160
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001104659-26-055306
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

MFA Q1 GAAP loss $0.11/share; distributable earnings $0.30; portfolio grows to $12.5B
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- GAAP net loss to common of $11.4M ($0.11 loss per share); distributable earnings (non-GAAP) $31.1M ($0.30/share).
- Economic book value fell to $13.22 per share from $13.75; total economic return was -1.2% for Q1.
- Investment portfolio grew to $12.5B; acquired $393M Agency MBS and $471M Non-QM loans; Lima One mortgage banking income $7.7M.
- 60+ day delinquencies rose to 7.8% from 7.1% sequentially; improved to 7.3% after quarter-end.
- Completed two Non-QM securitizations ($757M UPB); added $685M interest rate hedges; recourse leverage 2.7x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1055160/000110465926055306/0001104659-26-055306-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1055160/000110465926055306/tm2613487d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-055306

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