XML 42 R34.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Stockholders' Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Stockholders' Equity Note [Abstract] |
Schedule of Preferred Stock Dividend Declaration and Payment | The following table presents cash dividends declared by the Company on its Series B Preferred Stock from January 1, 2019 through December 31, 2021:
Year |  | Declaration Date |  | Record Date |  | Payment Date |  | Dividend Per Share
2021 |  | November 16, 2021 |  | December 1, 2021 |  | December 31, 2021 |  | $0.46875
|  | August 26, 2021 |  | September 8, 2021 |  | September 30, 2021 |  | 0.46875
|  | May 24, 2021 |  | June 7, 2021 |  | June 30, 2021 |  | 0.46875
|  | February 19, 2021 |  | March 5, 2021 |  | March 31, 2021 |  | 0.46875
2020 |  | November 18, 2020 |  | December 4, 2020 |  | December 31, 2020 |  | $0.46875
|  | August 12, 2020 |  | September 8, 2020 |  | September 30, 2020 |  | 0.46875
|  | July 1, 2020 |  | July 15, 2020 |  | July 31, 2020 |  | 0.93750
2019 |  | November 15, 2019 |  | December 2, 2019 |  | December 31, 2019 |  | $0.46875
|  | August 9, 2019 |  | August 30, 2019 |  | September 30, 2019 |  | 0.46875
|  | May 20, 2019 |  | June 3, 2019 |  | June 28, 2019 |  | 0.46875
|  | February 15, 2019 |  | March 4, 2019 |  | March 29, 2019 |  | 0.46875
The following table presents cash dividends declared by the Company on its Series C Preferred Stock from January 1, 2020 through December 31, 2021:
Year |  | Declaration Date |  | Record Date |  | Payment Date |  | Dividend Per Share
2021 |  | November 16, 2021 |  | December 1, 2021 |  | December 31, 2021 |  | $0.40625
|  | August 26, 2021 |  | September 8, 2021 |  | September 30, 2021 |  | 0.40625
|  | May 24, 2021 |  | June 7, 2021 |  | June 30, 2021 |  | 0.40625
|  | February 19, 2021 |  | March 5, 2021 |  | March 31, 2021 |  | 0.40625
2020 |  | November 18, 2020 |  | December 4, 2020 |  | December 31, 2020 |  | $0.40625
|  | August 12, 2020 |  | September 8, 2020 |  | September 30, 2020 |  | 0.40625
|  | July 1, 2020 |  | July 15, 2020 |  | July 31, 2020 |  | 0.53264
Schedule of cash dividends declared on common stock | The following table presents cash dividends declared by the Company on its common stock from January 1, 2019 through December 31, 2021:
Year |  | Declaration Date |  | Record Date |  | Payment Date |  | Dividend Per Share |
2021 |  | December 14, 2021 |  | December 31, 2021 |  | January 31, 2022 |  | $0.440 | (1)
|  | September 15, 2021 |  | September 30, 2021 |  | October 29, 2021 |  | 0.400 |
|  | June 15, 2021 |  | June 30, 2021 |  | July 30, 2021 |  | 0.400 |
|  | March 12, 2021 |  | March 31, 2021 |  | April 30, 2021 |  | 0.300 |
2020 |  | December 17, 2020 |  | December 30, 2020 |  | January 29, 2021 |  | $0.300 | (2)
|  | August 6, 2020 |  | September 30, 2020 |  | October 30, 2020 |  | 0.200 |
2019 |  | December 12, 2019 |  | December 30, 2019 |  | January 31, 2020 |  | $0.800 | (3)
|  | September 12, 2019 |  | September 30, 2019 |  | October 31, 2019 |  | 0.800 |
|  | June 12, 2019 |  | July 1, 2019 |  | July 31, 2019 |  | 0.800 |
|  | March 6, 2019 |  | March 29, 2019 |  | April 30, 2019 |  | 0.800 |
(1)At December 31, 2021, the Company had accrued dividends and dividend equivalents payable of $47.8 million related to the common stock dividend declared on December 14, 2021. This dividend will be considered taxable income to the recipient in 2022. For more information see the Company’s 2021 Dividend Tax Information on its website. (2)At December 31, 2020, we had accrued dividends and dividend equivalents payable of $34.0 million related to the common stock dividend declared on December 17, 2020. This dividend was considered taxable income to the recipient in 2021. For more information see our 2020 Dividend Tax Information on our website. (3)At December 31, 2019, we had accrued dividends and dividend equivalents payable of $90.7 million related to the common stock dividend declared on December 12, 2019. This dividend was considered taxable income to the recipient in 2019. For more information see our 2019 Dividend Tax Information on our website.
Schedule of changes in balances in each component of the entity's AOCI | The following tables present changes in the balances of each component of the Company’s AOCI for the years ended December 31, 2021, 2020 and 2019:
|  | For the Year Ended December 31, 2021
(In Thousands) |  | Net Unrealized Gain/(Loss) on AFS Securities |  | Net Gain/(Loss) on Swaps |  | Net Unrealized Gain/(Loss) on Financing Agreements (1) |  | Total AOCI
Balance at beginning of period |  | $ | 79,607 |  |  | $ | — |  |  | $ | (2,314) |  |  | $ | 77,293 |
OCI before reclassifications |  | (32,774) |  |  | — |  |  | 1,059 |  |  | (31,715) |
Amounts reclassified from AOCI (2) |  | — |  |  | — |  |  | — |  |  | — |
Net OCI during the period (3) |  | (32,774) |  |  | — |  |  | 1,059 |  |  | (31,715) |
Balance at end of period |  | $ | 46,833 |  |  | $ | — |  |  | $ | (1,255) |  |  | $ | 45,578 |
|  | For the Year Ended December 31, 2020
(In Thousands) |  | Net Unrealized Gain/(Loss) on AFS Securities |  | Net Gain/(Loss) on Swaps |  | Net Unrealized Gain/(Loss) on Financing Agreements (1) |  | Total AOCI
Balance at beginning of period |  | $ | 392,722 |  |  | $ | (22,675) |  |  | $ | — |  |  | $ | 370,047 |
OCI before reclassifications |  | 420,281 |  |  | (50,127) |  |  | (2,314) |  |  | 367,840 |
Amounts reclassified from AOCI (2) |  | (733,396) |  |  | 72,802 |  |  | — |  |  | (660,594) |
Net OCI during the period (3) |  | (313,115) |  |  | 22,675 |  |  | (2,314) |  |  | (292,754) |
Balance at end of period |  | $ | 79,607 |  |  | $ | — |  |  | $ | (2,314) |  |  | $ | 77,293 |
|  | For the Year Ended December 31, 2019
(In Thousands) |  | Net Unrealized Gain/(Loss) on AFS Securities |  | Net Gain/(Loss) on Swaps |  | Total AOCI
Balance at beginning of period |  | $ | 417,167 |  |  | $ | 3,121 |  |  | $ | 420,288 |
OCI before reclassifications |  | 20,335 |  |  | (23,342) |  |  | (3,007) |
Amounts reclassified from AOCI (2) |  | (44,780) |  |  | (2,454) |  |  | (47,234) |
Net OCI during the period (3) |  | (24,445) |  |  | (25,796) |  |  | (50,241) |
Balance at end of period |  | $ | 392,722 |  |  | $ | (22,675) |  |  | $ | 370,047 |
(1)Net Unrealized Gain/(Loss) on Financing Agreements at Fair Value due to changes in instrument-specific credit risk. (2)See separate table below for details about these reclassifications. (3)For further information regarding changes in OCI, see the Company’s consolidated statements of comprehensive income/(loss).
Information about the significant amounts reclassified out of the entity's AOCI | The following table presents information about the significant amounts reclassified out of the Company’s AOCI for the years ended December 31, 2021, 2020, and 2019:
|  | For the Year Ended December 31, |  |
|  | 2021 |  | 2020 |  | 2019 |  |
Details about AOCI Components |  | Amounts Reclassified from AOCI |  | Affected Line Item in the Statement Where Net Income is Presented
(In Thousands) |  |  |  |  |  |  |  |
AFS Securities: |  |  |  |  |  |  |  |
Realized gain on sale of securities |  | $ | — |  |  | $ | (389,127) |  |  | $ | (44,600) |  |  | Net realized (loss)/gain on sales of securities and residential whole loans
Impairment recognized in earnings |  | — |  |  | (344,269) |  |  | (180) |  |  | Other, net
Total AFS Securities |  | $ | — |  |  | $ | (733,396) |  |  | $ | (44,780) |  |  |
Swaps designated as cash flow hedges: |  |  |  |  |  |  |  |
Amortization of de-designated hedging instruments |  | — |  |  | 72,802 |  |  | (2,454) |  |  | Other, net
Total Swaps designated as cash flow hedges |  | $ | — |  |  | $ | 72,802 |  |  | $ | (2,454) |  |  |
Total reclassifications for period |  | $ | — |  |  | $ | (660,594) |  |  | $ | (47,234) |  |  |

X
- Definition Tabular disclosure of information pertaining to declaration and payment of dividends on common stock. This item may also include dates pertaining to declaration, recording and payment of dividends on common stock, the amount of dividends declared or paid in aggregate as well as for each share. + References No definition available. + Details
Name: | mfa_ScheduleOfCommonStockDividendDeclarationAndPaymentTableTextBlock
Namespace Prefix: | mfa_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to declaration and payment of dividends on preferred stock. This item may also include dates pertaining to declaration, recording and payment of dividends on preferred stock, the amount of dividends declared or paid in aggregate as well as for each share. + References No definition available. + Details
Name: | mfa_ScheduleOfPreferredStockDividendDeclarationAndPaymentTableTextBlock
Namespace Prefix: | mfa_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration