MFA Financial, Inc. is a real estate investment trust (REIT) which invests in residential agency and non-agency mortgage-backed securities (MBS), and residential whole loans in the United States (the U.S.). Its MBS are secured by hybrid mortgages, adjustable-rate mortgages, and 15-year and longer term fixed-rate mortgages, as well as by mortgages that have interest rates that reset more frequently. The company was founded in 1997 and is based in New York City, New York.
MFA Financial (MFA) gained 5.4% in after hours trade last night after Starwood Capital reported 8.39% stake in the company.Starwood holds 38.02M common shares out of the total outstanding shares of 453.3M as of July 31, 2020....
MFA Financial, Inc. (NYSE: MFA) plans to host a live audio webcast of its investor conference call on Thursday, August 6, 2020, at 11:30 a.m. (Eastern Time) to discuss its second quarter 2020 financial results, which are scheduled to be announced earlier that day.
This year has been a wild one for mortgage REITs (mREITs). The COVID-19 crisis created a credit crunch that swept through the entire sector, causing big declines in book value and sizable dividend cuts. MFA Financial (NYSE: MFA) had what amounts to a corporate near-death experience.