MFA Financial reported strong earnings to conclude 2023, with a total economic return of 7.8% and distributable earnings exceeding the dividend. The company acquired or originated over $850 million of residential mortgage loans, including nearly $600 million in new business purpose loans originated by Lima One. Net interest spread and net interest margin remained healthy at 2.13% and 2.96%, respectively.
Total economic return was 7.8%.
Distributable earnings exceeded the dividend.
Acquired or originated over $850 million of residential mortgage loans during the quarter.
Net interest spread and net interest margin both remained healthy at 2.13% and 2.96%, respectively.
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