Mfa financial, inc. (MFO)
Balance Sheet / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets:
Residential mortgage securities:
Debt Securities, Available-for-sale

3,983

4,589

5,392

6,069

6,509

6,779

6,177

6,724

7,023

7,584

8,476

9,460

9,828

10,277

10,685

10,861

11,356

11,694

12,342

12,653

10,762

10,937

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Residential Whole Loans, Carrying Value

6,100

5,000

4,400

3,724

3,000

2,471

1,906

1,100

908

639

661

573

590

550

392

376

271

245

245

242

207

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value

1,400

1,500

1,500

1,512

1,700

1,449

1,502

1,555

1,325

1,103

983

775

814

797

684

647

623

531

183

144

143

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage servicing rights (“MSR”) related assets ($1,217,002 and $611,807 pledged as collateral, respectively)

1,217

1,164

1,169

825

611

565

381

455

492

411

-

-

226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities obtained and pledged as collateral, at fair value

-

-

-

-

-

-

-

253

-

507

370

371

510

506

512

513

507

509

498

506

512

442

446

435

383

252

405

408

408

509

512

503

306

-

-

17

-

-

-

-

Cash and cash equivalents

70

154

88

76

52

104

54

214

449

608

745

421

260

288

182

146

165

174

218

168

182

423

343

274

565

503

448

601

401

450

593

374

394

421

503

629

345

270

531

653

Restricted cash

64

39

31

41

36

6

3

7

14

15

11

11

58

122

143

123

71

109

68

93

67

43

54

26

37

59

3

5

5

7

9

13

15

22

22

34

41

41

43

67

Other Assets

784

735

607

551

527

406

618

303

742

233

287

286

194

208

227

176

166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Forward contracts to repurchase MBS ("MBS Forwards"), at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

104

-

Interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

31

32

32

32

34

36

35

37

40

42

44

44

44

42

42

44

46

43

38

34

34

41

MBS linked transactions, net (Linked Transactions), at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

398

190

106

59

28

23

10

12

12

12

14

20

55

64

60

103

179

-

-

86

Interest rate swap agreements (Swaps), at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

3

4

2

5

13

4

7

0

0

-

-

-

0

0

1

2

-

-

-

-

Real estate, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

10

10

10

10

10

10

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

Prepaid and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81

59

50

37

160

104

60

29

38

40

33

30

29

19

15

15

16

14

9

5

2

3

2

Total Assets

13,567

13,104

13,208

12,801

12,420

11,781

10,644

10,615

10,954

11,103

11,536

11,900

12,484

12,751

12,827

12,844

13,162

13,384

13,654

13,901

12,354

12,242

12,650

12,792

12,471

12,598

13,196

13,652

13,517

13,735

12,891

12,451

11,750

11,994

11,927

11,436

8,687

8,478

8,684

9,627

Liabilities:
Securities Sold under Agreements to Repurchase

9,139

8,571

8,630

8,509

7,879

7,278

5,892

6,558

6,614

6,871

7,040

8,137

8,687

8,697

9,038

9,143

9,387

9,475

9,635

9,809

8,267

8,125

8,384

8,606

8,339

8,568

8,909

8,902

8,752

8,832

8,368

7,908

7,813

8,017

7,870

7,652

5,992

5,995

6,274

7,195

Obligation to return securities obtained as collateral, at fair value

-

-

-

-

-

-

-

253

-

507

510

510

510

506

512

513

507

509

498

506

512

442

446

435

383

252

405

508

508

509

512

503

306

-

-

17

-

-

-

-

8% Senior Notes due 2042 (Senior Notes)

-

-

-

-

-

-

-

-

-

96

96

96

-

96

96

96

96

100

100

100

100

100

100

100

100

100

100

100

100

100

100

-

-

-

-

-

-

-

-

-

Payable for unsettled MBS and residential whole loans purchases

-

-

-

-

-

-

567

13

-

124

364

-

-

203

-

-

-

-

-

-

-

-

-

-

-

0

27

-

33

126

-

-

27

-

-

-

-

-

-

-

Accrued interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

13

12

13

12

10

11

14

13

11

12

16

14

13

11

9

7

7

8

8

7

7

13

Swaps, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

105

65

92

62

35

57

32

28

65

39

50

63

78

89

102

114

134

125

116

139

175

167

152

Dividends and dividend equivalents payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

74

74

74

74

74

73

73

81

80

259

72

76

83

86

97

90

90

84

67

0

0

76

Excise tax and interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-

6

7

5

7

-

-

-

-

-

-

-

-

-

-

-

Payable for unsettled purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

99

99

-

-

-

-

-

-

-

-

Other Liabilities

1,043

1,129

1,174

887

1,125

951

978

553

1,078

246

249

99

252

213

233

217

203

19

59

6

11

42

88

29

23

18

8

5

6

10

7

5

9

145

15

4

9

8

6

11

Total Liabilities

10,183

9,701

9,804

9,397

9,004

8,229

7,438

7,379

7,693

7,845

8,262

8,844

9,450

9,717

9,879

9,982

10,195

10,332

10,509

10,693

9,151

8,989

9,375

9,588

9,329

9,525

10,032

10,387

10,206

10,496

10,135

9,686

9,252

9,353

9,171

8,547

6,436

6,187

6,456

7,458

Commitments and contingencies (See Note 10)

0

-

-

-

0

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

Stockholders’ Equity:
Preferred stock, $.01 par value; 7.50% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

Common stock, $.01 par value; 886,950 shares authorized; 452,369 and 449,787 shares issued and outstanding, respectively

4

4

4

4

4

4

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

2

2

2

2

Additional paid-in capital, in excess of par

3,640

3,634

3,625

3,622

3,623

3,620

3,230

3,227

3,227

3,219

3,214

3,030

3,029

3,023

3,021

3,019

3,019

3,017

3,016

3,014

3,013

3,002

2,991

2,981

2,972

2,977

2,949

2,813

2,805

2,804

2,802

2,797

2,795

2,792

2,791

2,789

2,184

2,183

2,182

2,180

Accumulated deficit

-631

-637

-638

-637

-632

-598

-592

-578

-578

-596

-576

-573

-572

-566

-571

-572

-572

-567

-569

-569

-568

-570

-571

-572

-571

-573

-457

-444

-260

-255

-256

-246

-243

-214

-206

-194

-191

-121

-142

-202

Accumulated other comprehensive income

370

401

411

414

420

526

564

582

609

630

632

594

573

573

493

410

515

598

694

758

754

817

851

792

737

665

668

892

761

686

206

210

-58

59

167

289

254

226

185

187

Stockholders' Equity Attributable to Parent

3,383

3,403

3,403

3,404

3,416

3,552

3,206

3,235

3,261

3,257

3,274

3,055

3,033

3,033

2,947

2,861

2,967

3,051

3,145

3,208

3,203

3,253

3,275

3,204

3,142

3,073

3,164

3,265

3,311

3,239

2,755

2,765

2,497

2,641

2,755

2,888

2,250

2,290

2,228

2,168

Total Liabilities and Stockholders’ Equity

13,567

13,104

13,208

12,801

12,420

11,781

10,644

10,615

10,954

11,103

11,536

11,900

12,484

12,751

12,827

12,844

13,162

13,384

13,654

13,901

12,354

12,242

12,650

12,792

12,471

12,598

13,196

13,652

13,517

13,735

12,891

12,451

11,750

11,994

11,927

11,436

8,687

8,478

8,684

9,627

Securitized debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

11

21

32

62

91

110

156

214

292

366

419

443

542

646

749

861

967

875

958

1,062

663

220

-

-

9

Agency MBS
Debt Securities, Available-for-sale

1,664

1,813

2,257

2,546

2,698

2,905

2,362

2,647

2,824

3,019

3,248

3,494

-

-

-

-

-

-

-

-

-

-

6,549

6,841

-

6,697

6,937

7,153

7,225

7,476

7,014

7,059

7,137

7,519

7,295

7,374

5,980

6,180

6,385

7,664

Securities Sold under Agreements to Repurchase

1,557

1,675

2,065

2,353

2,384

2,584

2,111

-

2,501

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-Agency MBS
Debt Securities, Available-for-sale

2,063

2,397

2,728

3,099

3,318

3,334

3,242

-

3,533

-

-

-

-

-

-

-

-

-

-

-

-

-

2,801

2,801

-

2,632

2,857

2,795

2,762

2,541

2,129

1,756

1,492

1,431

1,337

1,462

1,372

1,804

1,564

1,093

Repurchase agreements

-

-

1,276

1,359

-

1,592

1,364

-

1,256

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CRT securities
Debt Securities, Available-for-sale

255

377

407

423

492

538

571

679

664

653

636

498

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities Sold under Agreements to Repurchase

203

303

324

338

391

405

410

-

459

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-Agency MBS Transfered to Consolidated VIEs
Residential Whole Loans, Carrying Value

186

189

197

202

209

215

199

-

183

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value

567

593

616

647

694

723

476

275

289

40

42

-

-

-

-

-

-

-

-

-

-

-

2,200

2,243

-

2,340

2,438

2,592

2,620

2,655

2,546

2,658

2,283

2,458

2,626

1,739

705

-

-

-

Variable Interest Entity, Primary Beneficiary [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net

-

-

-

-

-

-

-

180

-

131

134

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage-backed Securities, Issued by Private Enterprises [Member]
Available-for-sale Securities

-

-

-

-

-

-

-

3,398

-

3,911

4,592

5,468

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-