Investment Portfolio
As of December 31, 2025
Non-QM Loans
Residential mortgage loans that do not meet the CFPB “qualified mortgage” definition
Agency MBS
Mortgage-backed securities issued and guaranteed by Fannie Mae and Freddie Mac
Single-family Rental (SFR) Loans
30-year loans on rental properties across the U.S.
Residential Transitional Loans
Short-term bridge, construction and rehab (“fix/flip”) loans on single-family and multifamily properties
Legacy RPL/NPL
Residential mortgage loans originated prior to 2010 and acquired by MFA between 2014-2019
Recent MFA Loan Securitizations
MFA 2025-NQM5
$446M
Non-QM Loans
December 2025
MFA 2025-NQM4
$371M
Non-QM Loans
September 2025
MFA 2025-NQM3
$350M
Non-QM Loans
August 2025
MFA 2025-NQM2
$318M
Non-QM Loans
May 2025