MFA Financial, a U.S.-listed company on the NYSE specializing in residential mortgage investments and mortgage-backed securities, has completed its fourth non-qualified mortgage (Non-QM) securitization of 2025.
The transaction, named MFA 2025-NQM4, amounts to $371.2 million and is backed by 621 loans secured by residential properties across the United States. The pool features a weighted average coupon of 7.68%, a loan-to-value ratio of 68%, and an average credit score of 741.
The loans are serviced by Planet Home Lending and Citadel Servicing, while S&P assigned ratings ranging from AAA to BBB to the tranches. With this deal, MFA’s cumulative Non-QM securitizations since 2020 have reached $7.3 billion.
