MFA Financial(MFA) - 2020 Q2 - Earnings Call Presentation

Financial Results - GAAP earnings were $0.19 per common share[3] - GAAP book value increased by 3.9% from $4.34 to $4.51[3] - Economic book value increased by 9.1% from $4.09 to $4.46[3] Portfolio & Financing - The investment portfolio consists of $5.9 billion in residential whole loans and $402 million in securities and MSR-related assets[3] - Total liabilities were $5.0 billion, with $4.7 billion in asset-based (secured) financing[5] - $3.0 billion, or approximately 65%, of the asset-based financing is non-mark-to-market[5] - Reduced mark-to-market repurchase financing by $6.1 billion in the second quarter[15] Capital Transactions & Dividends - Closed a $500 million senior secured term loan[4] - Reinstated preferred dividends and declared a $0.05 common dividend payable on October 30, 2020[3,7] Non-QM Loans - The total UPB of Non-QM portfolio is $2,501.55 million with a WA LTV of 63.6%[20] - 32.3% of the Non-QM portfolio had forbearance/deferral plans through June 30, 2020[21]