XML 48 R37.htm IDEA: XBRL DOCUMENT
v3.26.1

Use of Special Purpose Entities and Variable Interest Entities (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
Use of Special Purpose Entities and Variable Interest Entities |
Schedule of Loan Securitization Transaction | The following table summarizes the key details of the Company’s consolidated loan securitization transactions currently outstanding as of June 30, 2026 and December 31, 2025:
(Dollars in Thousands) |  | June 30, 2026 |  | December 31, 2025
Aggregate unpaid principal balance of residential whole loans sold |  | $ | 11,370,985 |  |  | $ | 11,489,998 |
Face amount of Senior Bonds issued by the VIE and purchased by third-party investors |  | $ | 10,290,858 |  |  | $ | 10,142,071 |
Outstanding amount of Senior Bonds, at carrying value (1) |  | $ | 447,153 |  |  | $ | 489,718 |
Outstanding amount of Senior Bonds, at fair value |  | $ | 5,756,179 |  |  | $ | 5,846,744 |
Outstanding amount of Senior Bonds, total |  | $ | 6,203,332 |  |  | $ | 6,336,462 |
Weighted average rate for Senior Bonds issued (2) (3) |  | 5.07 | % |  | 5.07 | %
Weighted average contractual maturity of Senior Bonds (3) |  | 39 years |  | 37 years
Face amount of Senior Support Certificates received by the Company (4) |  | $ | 1,039,123 |  |  | $ | 1,307,153 |
Cash received |  | $ | 10,220,276 |  |  | $ | 10,061,131 |
(1)Net of $0.8 million and $0.9 million of deferred financing costs at June 30, 2026 and December 31, 2025, respectively. (2)At June 30, 2026, 99.0% and 1.0% of Senior Bonds had a fixed and variable rate, respectively. At December 31, 2025, 99.6% and 0.4% of Senior Bonds had a fixed and variable rate, respectively. (3)At June 30, 2026 and December 31, 2025, $4.6 billion and $4.7 billion, respectively, of Senior Bonds sold in securitization transactions contained a contractual coupon step-up feature whereby the coupon increases by either 100 or 300 basis points at defined dates ranging from 36 months, up to 48 months from issuance if the bond is not redeemed before such date. (4)Provides credit support to the Senior Bonds sold to third-party investors in the securitization transactions.

X
- Definition Tabular disclosure of key details related to securitization transactions. + References No definition available. + Details
Name: | mfa_ScheduleOfSecuritizationTransactionsTableTextBlock
Namespace Prefix: | mfa_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | mfa_UseOfSpecialPurposeEntitiesAndVariableInterestEntitiesDisclosureAbstract
Namespace Prefix: | mfa_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration