MFA Generates $75 Million in Net Income

MFA Financial generated first-quarter income with per common share of 21 cents and net income to common shareholders of $75 million.

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“MFA continues to provide stockholders with attractive returns through what we believe to be appropriately leveraged instruments in both agency and nonagency residential MBS,” said Stewart Zimmerman, MFA’s chairman of the board and CEO.

William Gorin, the real estate investment trust’s president, added, “We believe that MFA’s $1.313 billion credit reserve appropriately factors in remaining uncertainties regarding housing fundamentals and the potential impact on future cash flows.”

Bonnie Sinnock

Capital Markets Editor

Bonnie Sinnock is National Mortgage News' Capital Markets Editor at Arizent and has worked for NMN and affiliated publications since 1995. Her... Read full bio

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