Financial Performance - GAAP earnings were $0.08 per common share[3] - GAAP book value decreased by 1.5% to $4.54, while Economic Book Value (EBV) remained unchanged at $4.92[3] - Warrant transactions lowered GAAP book value by $0.18 and EBV by $0.19, representing a 3.9% decrease[3] - Share repurchases of 14.1 million shares were $0.03 accretive to GAAP book value and $0.04 accretive to EBV[3, 10] Portfolio Composition and Financing - 93% of the investment portfolio consisted of residential whole loans as of December 31, 2020[5] - $111 million in loan purchases were made in Q4[5] - 67% of asset-backed financing arrangements were on non-mark-to-market terms as of December 31, 2020[6] - Total weighted average financing cost decreased from 4.3% on September 30, 2020, to 3.1% on December 31, 2020, and further to 2.9% after the senior note redemption in early January[6] Securitization Activities - MFRA 2020-NQM2 securitization ($570 million) closed in October 2020, with $405.4 million AAA's sold at a 1.34% yield, representing 93.8% of UPB[8] - MFRA 2020-NQM3 securitization ($381 million) closed in December 2020, with $264.5 million AAA's sold at a 0.98% yield, representing 94.2% of UPB[8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) Maryland 13-3974868 (State or other jurisdiction of i ...

MFA Financial, Inc. (NYSE:MFA) Q4 2020 Earnings Conference Call February 23, 2021 10:00 AM ET Company Participants Harold Schwartz - SVP of General Counsel and Secretary Craig Knutson - CEO and President Stephen Yarad - CFO Bryan Wulfsohn - Co-CIO Gudmundur Kristjansson - Co-CIO Conference Call Participants Eric Hagen - BTIG Steve Delaney - JMP Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to the MFA Financial Inc. Fourth Quarter Earnings Conference Call. [Operator Instruc ...

Third Quarter 2020 Earnings Presentation Forward looking statements When used in this press release or other written or oral communications, statements which are not historical in nature, including those containing words such as "will," "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "could," "would," "may," the negative of these words or similar expressions, are intended to identify "forward-looking statements" within the meaning of Section 27A of the Securities Act o ...

MFA Financial, Inc (NYSE:MFA) Q3 2020 Results Conference Call November 5, 2020 10:00 AM ET Company Participants Harold Schwartz - Senior Vice President of General Counsel and Secretary Craig Knutson - President and Chief Executive Officer Stephen Yarad - Chief Financial Officer Bryan Wulfsohn - Co-Chief Investment Officer Gudmundur Kristjansson - Co-Chief Investment Officer Conference Call Participants Josh Bolton - Credit Suisse Operator Ladies and gentlemen, thank you for standing by. Welcome to the MFA F ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) __________________________ ...

Second Quarter 2020 Earnings Presentation Forward looking statements When used in this presentation or other written or oral communications, statements which are not historical in nature, including those containing words such as "will," "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "could," "would," "may," the negative of these words or similar expressions, are intended to identify "forward-looking statements" within the meaning of Section 27A of the 1933 Act and Sec ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 MFA FINANCIAL, INC. (Exact nam ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 MFA FINANCIAL, INC. (Exact na ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13991 MFA FINANCIAL, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of Maryland 13-3974868 ( ...