MFA Financial, Inc. is engaged in the real estate finance business. The Company's subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed
securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company's Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities. In addition to Non-Agency MBS investments, the Company invests in re-performing and non-performing residential whole loans through its interests in certain consolidated trusts. The mortgages collateralizing its Agency MBS portfolio are predominantly Hybrids, 15-year fixed-rate mortgages and adjustable-rate mortgages (ARMs).
July 24, 1997
George KraussIndependent Non-Executive Chairman of the Board