MFA Financial (NYSE:MFA) is a real estate investment trust (REIT) that focuses on generating attractive risk-adjusted returns through investments in residential mortgage assets and related securities. The company’s core activities include acquiring and managing portfolios of residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and whole single-family residential loans. MFA Financial also invests in structured credit instruments and offers financing solutions tailored to multifamily housing projects, leveraging its balance sheet to capitalize on market opportunities and spread movements.
To support its income-focused strategy, MFA Financial employs a rigorous credit research and risk management framework. Its investment team conducts detailed analyses of underlying loan collateral, prepayment assumptions and sector trends, seeking to optimize yield while controlling portfolio risk. The company maintains diversified exposure across various coupon structures, loan vintages and geographic regions, allowing it to respond dynamically to shifts in interest rates and housing market conditions.
Founded in 1968 and headquartered in New York, MFA Financial has evolved alongside the U.S. mortgage market, adapting to regulatory changes and mortgage finance innovations. Over the decades, the company has expanded its product offerings—from traditional agency-backed RMBS to non-agency and private-label securities—enhancing its ability to pursue incremental yield. Its national footprint spans investments in mortgages originated across primary, secondary and tertiary markets throughout the United States.
MFA Financial’s operations are guided by a seasoned leadership team and board of directors with deep expertise in real estate finance, capital markets and risk oversight. Senior management oversees portfolio construction, hedging strategies and liquidity management, aligning the company’s activities with evolving market conditions and shareholder interests. Through disciplined execution and proactive governance, MFA Financial aims to deliver stable and recurring cash distributions to its equity holders.
