$MFA
MFA FINANCIAL, INC. Stock $mfa

$mfa Overview Financials Valuation SEC Filings Company Website

2014 Q2 Form 10-Q Financial Statement

#000105516014000053 Filed on May 01, 2014

Income Statement

Concept	2014 Q2	2014 Q1	2013 Q1
Revenue	$119.3M	$121.2M	$122.7M
YoY Change	-1.14%	-1.27%	-0.64%
Cost Of Revenue	$40.60M	$40.90M	$40.20M
YoY Change	5.45%	1.74%	880.49%
Gross Profit	$90.40M	$86.70M	$85.80M
YoY Change	4.75%	1.05%	-34.05%
Gross Profit Margin	75.78%	71.55%	69.91%
Selling, General & Admin	$11.20M	$10.10M	$8.500M
YoY Change	3.7%	18.82%	1.19%
% of Gross Profit	12.39%	11.65%	9.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$400.0K	$300.0K	$1.100M
YoY Change	-63.64%	-72.73%	175.0%
% of Gross Profit	0.44%	0.35%	1.28%
Operating Expenses	$11.70M	$10.50M	$8.400M
YoY Change	8.33%	25.0%	-81.12%
Operating Profit	$78.70M	$76.20M	$77.40M
YoY Change	4.24%	-1.55%	-9.58%
Interest Expense	$40.57M	$40.92M	$40.16M
YoY Change	5.43%	1.9%	0.08%
% of Operating Profit	51.55%	53.7%	51.88%
Other Income/Expense, Net		-$416.0K
YoY Change
Pretax Income	$78.70M	$76.20M	$77.40M
YoY Change	4.24%	-1.55%	-8.62%
Income Tax		$0.00	$0.00
% Of Pretax Income		0.0%	0.0%
Net Earnings	$78.73M	$76.19M	$77.35M
YoY Change	4.31%	-1.5%	-8.69%
Net Earnings / Revenue	65.99%	62.87%	63.02%
Basic Earnings Per Share
Diluted Earnings Per Share	$213.6K	$207.0K	$214.6K
COMMON SHARES
Basic Shares Outstanding	366.6M shares	366.6M shares	358.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2014 Q2	2014 Q1	2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$344.0M	$275.0M	$602.0M
YoY Change	-23.21%	-54.32%	60.53%
Cash & Equivalents	$343.7M	$274.7M	$601.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$379.0M	$312.0M	$644.0M
YoY Change	-22.49%	-51.55%	54.07%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill	$7.189M	$7.189M	$7.189M
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments	$12.00B	$12.32B	$12.95B
YoY Change	-5.08%	-4.85%	8.11%
Other Assets	$54.00M	$26.00M	$5.000M
YoY Change	1700.0%	420.0%	-61.54%
Total Long-Term Assets	$12.27B	$12.48B	$13.01B
YoY Change	-3.43%	-4.06%	8.1%
TOTAL ASSETS
Total Short-Term Assets	$379.0M	$312.0M	$644.0M
Total Long-Term Assets	$12.27B	$12.48B	$13.01B
Total Assets	$12.65B	$12.79B	$13.65B
YoY Change	-4.14%	-6.3%	9.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$11.00M	$12.00M	$13.00M
YoY Change	0.0%	-7.69%	8.33%
Deferred Revenue
YoY Change
Short-Term Debt	$8.384B	$8.606B	$9.545B
YoY Change	-5.89%	-9.84%	7.54%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$8.469B	$8.698B	$9.823B
YoY Change	-6.26%	-11.45%	8.24%
LONG-TERM LIABILITIES
Long-Term Debt	$314.0M	$393.0M	$0.00
YoY Change	-42.28%
Other Long-Term Liabilities	$592.0M	$498.0M	$565.0M
YoY Change	30.68%	-11.86%	-7.68%
Total Long-Term Liabilities	$906.0M	$891.0M	$565.0M
YoY Change	-9.13%	57.7%	-7.68%
TOTAL LIABILITIES
Total Short-Term Liabilities	$8.469B	$8.698B	$9.823B
Total Long-Term Liabilities	$906.0M	$891.0M	$565.0M
Total Liabilities	$9.376B	$9.588B	$10.39B
YoY Change	-6.55%	-7.69%	7.24%
SHAREHOLDERS EQUITY
Retained Earnings	-$571.4M	-$572.6M	-$444.3M
YoY Change	24.88%	28.88%
Common Stock	$3.675M	$3.662M	$3.584M
YoY Change	1.49%	2.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.275B	$3.205B	$3.266B
YoY Change
Total Liabilities & Shareholders Equity	$12.65B	$12.79B	$13.65B
YoY Change	-4.14%	-6.3%	9.64%

Cashflow Statement

Concept	2014 Q2	2014 Q1	2013 Q1
OPERATING ACTIVITIES
Net Income	$78.73M	$76.19M	$77.35M
YoY Change	4.31%	-1.5%	-8.69%
Depreciation, Depletion And Amortization	$400.0K	$300.0K	$1.100M
YoY Change	-63.64%	-72.73%	175.0%
Cash From Operating Activities	$66.70M	$48.27M	$71.20M
YoY Change	-4.71%	-32.21%	-10.89%
INVESTING ACTIVITIES
Capital Expenditures	-$100.0K	-$100.0K	-$100.0K
YoY Change		0.0%	0.0%
Acquisitions
YoY Change
Other Investing Activities	$456.0M	-$434.5M	$349.1M
YoY Change	362.01%	-224.46%	-422.35%
Cash From Investing Activities	$455.7M	-$434.5M	$349.0M
YoY Change	361.7%	-224.51%	-421.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$7.616M	$7.278M
YoY Change		4.64%	1513.75%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-453.5M	$95.58M	-219.9M
YoY Change	40.79%	-143.46%	-2516.48%
NET CHANGE
Cash From Operating Activities	66.70M	$48.27M	71.20M
Cash From Investing Activities	455.7M	-$434.5M	349.0M
Cash From Financing Activities	-453.5M	$95.58M	-219.9M
Net Change In Cash	68.90M	-$290.7M	200.3M
YoY Change	-144.92%	-245.13%	-1127.18%
FREE CASH FLOW
Cash From Operating Activities	$66.70M	$48.27M	$71.20M
Capital Expenditures	-$100.0K	-$100.0K	-$100.0K
Free Cash Flow	$66.80M	$48.37M	$71.30M
YoY Change	-4.57%	-32.17%	-10.88%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2014Q1	us-gaap	Assets Assets	12792989000	USD
CY2013Q1	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	942887000	USD
CY2013Q4	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	752912000	USD
CY2012Q4	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	824808000	USD
CY2014Q1	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	819222000	USD
CY2014Q1	us-gaap	Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax	-27037000	USD
CY2013Q4	us-gaap	Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax	-15217000	USD
CY2013Q1	us-gaap	Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax	-50515000	USD
CY2012Q4	us-gaap	Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax	-62831000	USD
CY2014Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	792185000	USD
CY2013Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	737695000	USD
CY2013Q4	us-gaap	Accumulated Other Comprehensive Income Loss Other Than Temporary Impairment Not Credit Loss Net Of Tax Debt Securities AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities	609000	USD
CY2014Q1	us-gaap	Accumulated Other Comprehensive Income Loss Other Than Temporary Impairment Not Credit Loss Net Of Tax Debt Securities AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities	591000	USD
CY2013Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	2972369000	USD
CY2014Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	2981287000	USD
CY2014Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	356000	USD
CY2014Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1484000	USD
CY2013Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	885000	USD
CY2014Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1600000	shares
CY2013Q4	us-gaap	Assets Assets	12471908000	USD
CY2013Q4	us-gaap	Available For Sale Securities AvailableForSaleSecurities	11371358000	USD
CY2014Q1	us-gaap	Available For Sale Securities AvailableForSaleSecurities	11886188000	USD
CY2013Q4	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	10618446000	USD
CY2014Q1	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	11066966000	USD
CY2014Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses	14220000	USD
CY2014Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses	78418000	USD
CY2014Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue	3273905000	USD
CY2014Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses	64198000	USD
CY2014Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	2941978000	USD
CY2014Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	331927000	USD
CY2013	us-gaap	Available For Sale Securities Gross Unrealized Gains AvailableForSaleSecuritiesGrossUnrealizedGains	848946000	USD
CY2014Q1	us-gaap	Available For Sale Securities Gross Unrealized Gains AvailableForSaleSecuritiesGrossUnrealizedGains	897640000	USD
CY2013	us-gaap	Available For Sale Securities Gross Unrealized Loss AvailableForSaleSecuritiesGrossUnrealizedLoss	96034000	USD
CY2014Q1	us-gaap	Available For Sale Securities Gross Unrealized Loss AvailableForSaleSecuritiesGrossUnrealizedLoss	78418000	USD
CY2014Q1	us-gaap	Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Less Than One Year AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsLessThanOneYear	292	Security
CY2013Q1	us-gaap	Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments	1633000	USD
CY2014Q1	us-gaap	Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments	3571000	USD
CY2013	us-gaap	Availableforsale Securities Gross Unrealized Gain Loss1 AvailableforsaleSecuritiesGrossUnrealizedGainLoss1	752912000	USD
CY2014Q1	us-gaap	Availableforsale Securities Gross Unrealized Gain Loss1 AvailableforsaleSecuritiesGrossUnrealizedGainLoss1	819222000	USD
CY2014Q1	us-gaap	Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsGreaterThanOrEqualToOneYear	71	Security
CY2014Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	274672000	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	565370000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	401293000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	601570000	USD
CY2014Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.72
CY2014Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.20
CY2014Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.20
CY2013Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2014Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2013Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	886950000	shares
CY2014Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	886950000	shares
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	365125000	shares
CY2014Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	366217000	shares
CY2013Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	365125000	shares
CY2014Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	366217000	shares
CY2014Q1	us-gaap	Common Stock Value CommonStockValue	3662000	USD
CY2013Q4	us-gaap	Common Stock Value CommonStockValue	3651000	USD
CY2013Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	207746000	USD
CY2014Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	130678000	USD
CY2014Q1	us-gaap	Costs And Expenses CostsAndExpenses	10471000	USD
CY2013Q1	us-gaap	Costs And Expenses CostsAndExpenses	8453000	USD
CY2013Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1097000	USD
CY2014Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	327000	USD
CY2013Q4	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	0	USD
CY2014Q1	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	0	USD
CY2014Q1	us-gaap	Derivative Collateral Obligation To Return Cash DerivativeCollateralObligationToReturnCash	0	USD
CY2013Q4	us-gaap	Derivative Collateral Obligation To Return Securities DerivativeCollateralObligationToReturnSecurities	13000000	USD
CY2013Q4	us-gaap	Derivative Collateral Obligation To Return Cash DerivativeCollateralObligationToReturnCash	0	USD
CY2014Q1	us-gaap	Derivative Collateral Obligation To Return Securities DerivativeCollateralObligationToReturnSecurities	5485000	USD
CY2013Q4	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	28217000	USD
CY2014Q1	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	26139000	USD
CY2013Q4	us-gaap	Derivative Collateral Right To Reclaim Securities DerivativeCollateralRightToReclaimSecurities	0	USD
CY2014Q1	us-gaap	Derivative Collateral Right To Reclaim Securities DerivativeCollateralRightToReclaimSecurities	6616000	USD
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CY2013Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	13000000	USD
CY2013Q4	us-gaap	Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral	13000000	USD
CY2014Q1	us-gaap	Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral	5485000	USD
CY2013Q4	us-gaap	Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral	0	USD
CY2014Q1	us-gaap	Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral	0	USD
CY2014Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	32755000	USD
CY2013Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	28217000	USD
CY2013Q4	us-gaap	Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral	28217000	USD
CY2014Q1	us-gaap	Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral	32755000	USD
CY2014Q1	us-gaap	Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral	0	USD
CY2013Q4	us-gaap	Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral	0	USD
CY2013Q4	us-gaap	Derivative Liability Fair Value Gross Asset DerivativeLiabilityFairValueGrossAsset	0	USD
CY2014Q1	us-gaap	Derivative Liability Fair Value Gross Asset DerivativeLiabilityFairValueGrossAsset	0	USD
CY2013Q4	us-gaap	Derivative Liability Fair Value Of Collateral DerivativeLiabilityFairValueOfCollateral	73900000	USD
CY2014Q1	us-gaap	Derivative Liability Fair Value Of Collateral DerivativeLiabilityFairValueOfCollateral	77000000	USD
CY2014Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral	0	USD
CY2013Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral	0	USD
CY2013Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset	0	USD
CY2014Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset	0	USD
CY2013Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash	28217000	USD
CY2014Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash	26139000	USD
CY2014Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	8612745000	USD
CY2013Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities	8339297000	USD
CY2013Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	8367514000	USD
CY2014Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross	8638884000	USD
CY2013Q4	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Not Subject To Master Netting Arrangement DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedNotSubjectToMasterNettingArrangement	8367514000	USD
CY2014Q1	us-gaap	Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Not Subject To Master Netting Arrangement DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedNotSubjectToMasterNettingArrangement	8638884000	USD
CY2014Q1	us-gaap	Dividends Payable Current DividendsPayableCurrent	73900000	USD
CY2014Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	73875000	USD
CY2013Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	73643000	USD
CY2013Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	259607000	USD
CY2014Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	3750000	USD
CY2013Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	2040000	USD
CY2013Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.21
CY2014Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.20
CY2013Q4	us-gaap	Goodwill Goodwill	7189000	USD
CY2014Q1	us-gaap	Goodwill Goodwill	7189000	USD
CY2014Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2014Q1	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	863000	USD
CY2013Q1	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-1891000	USD
CY2014Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	7384000	USD
CY2013Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-3237000	USD
CY2014Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	9644000	USD
CY2013Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	4088000	USD
CY2014Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-3745000	USD
CY2013Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-2699000	USD
CY2014Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	121174000	USD
CY2013Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	122738000	USD
CY2014Q1	us-gaap	Interest Expense InterestExpense	40921000	USD
CY2013Q1	us-gaap	Interest Expense InterestExpense	40158000	USD
CY2014Q1	us-gaap	Interest Expense Debt InterestExpenseDebt	2185000	USD
CY2013Q1	us-gaap	Interest Expense Debt InterestExpenseDebt	3476000	USD
CY2013Q1	us-gaap	Interest Expense Other Long Term Debt InterestExpenseOtherLongTermDebt	2007000	USD
CY2014Q1	us-gaap	Interest Expense Other Long Term Debt InterestExpenseOtherLongTermDebt	2007000	USD
CY2013Q1	us-gaap	Interest Expense Securities Sold Under Agreements To Repurchase InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase	34675000	USD
CY2014Q1	us-gaap	Interest Expense Securities Sold Under Agreements To Repurchase InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase	36729000	USD
CY2013Q1	us-gaap	Interest Income Deposits With Financial Institutions InterestIncomeDepositsWithFinancialInstitutions	36000	USD
CY2014Q1	us-gaap	Interest Income Deposits With Financial Institutions InterestIncomeDepositsWithFinancialInstitutions	26000	USD
CY2014Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	80253000	USD
CY2013Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	82580000	USD
CY2014Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	11743000	USD
CY2013Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	14726000	USD
CY2014Q1	us-gaap	Interest Receivable InterestReceivable	36680000	USD
CY2013Q4	us-gaap	Interest Receivable InterestReceivable	35828000	USD
CY2013Q4	us-gaap	Investment Owned Balance Principal Amount InvestmentOwnedBalancePrincipalAmount	11892957000	USD
CY2014Q1	us-gaap	Investment Owned Balance Principal Amount InvestmentOwnedBalancePrincipalAmount	12299015000	USD
CY2013Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	5273000	USD
CY2014Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	6507000	USD
CY2014Q1	us-gaap	Liabilities Liabilities	9588402000	USD
CY2013Q4	us-gaap	Liabilities Liabilities	9329657000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	130395000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	1360000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	2950000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	0	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	-447000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-12267000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	12316000	USD
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	12471908000	USD
CY2014Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	12792989000	USD
CY2014Q1	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	3964000	USD
CY2013Q1	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	3180000	USD
CY2013Q4	us-gaap	Other Liabilities OtherLiabilities	17428000	USD
CY2014Q1	us-gaap	Other Liabilities OtherLiabilities	29288000	USD
CY2014Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:29px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">MFA Financial, Inc. (the “Company”) was incorporated in Maryland on July 24, 1997 and began operations on April 10, 1998.  The Company has elected to be treated as a real estate investment trust (“REIT”) for federal income tax purposes.  In order to maintain its qualification as a REIT, the Company must comply with a number of requirements under federal tax law, including that it must distribute at least 90% of its annual REIT taxable income to its stockholders.  </font><font style="font-family:inherit;font-size:10pt;">(See Note 11)</font></div></div>
CY2013Q1	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	200277000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-290698000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-219933000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	95578000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	349044000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-434541000	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	71166000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	48265000	USD
CY2013Q1	us-gaap	Net Income Loss NetIncomeLoss	77351000	USD
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	76188000	USD
CY2014Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	72438000	USD
CY2013Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	75311000	USD
CY2013Q1	us-gaap	Noninterest Income NoninterestIncome	3224000	USD
CY2014Q1	us-gaap	Noninterest Income NoninterestIncome	6406000	USD
CY2013Q1	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	55000	USD
CY2014Q1	us-gaap	Noninterest Income Other Operating Income NoninterestIncomeOtherOperatingIncome	-416000	USD
CY2013Q4	us-gaap	Obligation To Return Securities Received As Collateral ObligationToReturnSecuritiesReceivedAsCollateral	383743000	USD
CY2014Q1	us-gaap	Obligation To Return Securities Received As Collateral ObligationToReturnSecuritiesReceivedAsCollateral	435888000	USD
CY2013Q1	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	118079000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	66310000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	54490000	USD
CY2014Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses	0	USD
CY2013Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses	0	USD
CY2014Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment	0	USD
CY2013Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment	0	USD
CY2012Q4	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	36115000	USD
CY2014Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	36115000	USD
CY2013Q1	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	36115000	USD
CY2013Q4	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	36115000	USD
CY2014Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings ParticipatingSecuritiesDistributedAndUndistributedEarnings	278000	USD
CY2013Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings ParticipatingSecuritiesDistributedAndUndistributedEarnings	321000	USD
CY2013Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	71942000	USD
CY2014Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	73289000	USD
CY2014Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	3750000	USD
CY2013Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	2040000	USD
CY2014Q1	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	888106000	USD
CY2013Q1	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	569006000	USD
CY2014Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	85000	USD
CY2013Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	54000	USD
CY2013Q4	us-gaap	Pledged Assets Not Separately Reported On Statement Of Financial Position PledgedAssetsNotSeparatelyReportedOnStatementOfFinancialPosition	10227092000	USD
CY2014Q1	us-gaap	Pledged Assets Not Separately Reported On Statement Of Financial Position PledgedAssetsNotSeparatelyReportedOnStatementOfFinancialPosition	10578827000	USD
CY2014Q1	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.075
CY2013	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.075
CY2013Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	2040000	USD
CY2014Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3750000	USD
CY2013Q4	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	200000000	USD
CY2014Q1	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	200000000	USD
CY2013Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2014Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2014Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	8050000	shares
CY2013Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	8050000	shares
CY2013Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	8000000	shares
CY2014Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	8000000	shares
CY2013Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	8000000	shares
CY2014Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	8000000	shares
CY2014Q1	us-gaap	Preferred Stock Value PreferredStockValue	80000	USD
CY2013Q4	us-gaap	Preferred Stock Value PreferredStockValue	80000	USD
CY2013Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	7278000	USD
CY2014Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	60922000	USD
CY2013Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	29719000	USD
CY2014Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	7616000	USD
CY2013Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	711901000	USD
CY2014Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	438149000	USD
CY2013Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	206203000	USD
CY2014Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	15501000	USD
CY2013Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	37520000	USD
CY2014Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	26139000	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-571544000	USD
CY2014Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-572627000	USD
CY2013Q4	us-gaap	Securities Held As Collateral At Fair Value SecuritiesHeldAsCollateralAtFairValue	383743000	USD
CY2014Q1	us-gaap	Securities Held As Collateral At Fair Value SecuritiesHeldAsCollateralAtFairValue	435888000	USD
CY2013Q4	us-gaap	Securities Received As Collateral SecuritiesReceivedAsCollateral	383743000	USD
CY2014Q1	us-gaap	Securities Received As Collateral SecuritiesReceivedAsCollateral	435888000	USD
CY2013Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	8339297000	USD
CY2014Q1	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	8606129000	USD
CY2013Q4	us-gaap	Securities Sold Under Agreements To Repurchase Amount Offset Against Collateral SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral	0	USD
CY2014Q1	us-gaap	Securities Sold Under Agreements To Repurchase Amount Offset Against Collateral SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral	0	USD
CY2013Q4	us-gaap	Securities Sold Under Agreements To Repurchase Asset SecuritiesSoldUnderAgreementsToRepurchaseAsset	0	USD
CY2014Q1	us-gaap	Securities Sold Under Agreements To Repurchase Asset SecuritiesSoldUnderAgreementsToRepurchaseAsset	0	USD
CY2013Q4	us-gaap	Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash	0	USD
CY2014Q1	us-gaap	Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash	0	USD
CY2013Q4	us-gaap	Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities	8339297000	USD
CY2014Q1	us-gaap	Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities	8606129000	USD
CY2014Q1	us-gaap	Securities Sold Under Agreements To Repurchase Fair Value Of Collateral SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral	10476000000	USD
CY2013Q4	us-gaap	Securities Sold Under Agreements To Repurchase Fair Value Of Collateral SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral	10116000000	USD
CY2013Q4	us-gaap	Securities Sold Under Agreements To Repurchase Gross SecuritiesSoldUnderAgreementsToRepurchaseGross	8339297000	USD
CY2014Q1	us-gaap	Securities Sold Under Agreements To Repurchase Gross SecuritiesSoldUnderAgreementsToRepurchaseGross	8606129000	USD
CY2013Q4	us-gaap	Senior Notes SeniorNotes	100000000	USD
CY2014Q1	us-gaap	Senior Notes SeniorNotes	100000000	USD
CY2013Q1	us-gaap	Share Based Compensation ShareBasedCompensation	885000	USD
CY2014Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1484000	USD
CY2014Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	13500000.0	shares
CY2014Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	9200000	shares
CY2014Q1	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	48904	shares
CY2005Q3	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	4000000.0	shares
CY2013Q4	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	10000000.0	shares
CY2014Q1	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	6616355	shares
CY2014Q1	us-gaap	Stockholders Equity StockholdersEquity	3204587000	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	3142251000	USD
CY2014Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	2076000	USD
CY2013Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	1136000	USD
CY2013Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	358110000	shares
CY2014Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	365848000	shares
CY2013Q1	mfa	Accretion Of Purchase Discounts AccretionOfPurchaseDiscounts	12058000	USD
CY2014Q1	mfa	Accretion Of Purchase Discounts AccretionOfPurchaseDiscounts	27434000	USD
CY2013Q1	mfa	Amortization Of Purchase Premiums AmortizationOfPurchasePremiums	14793000	USD
CY2014Q1	mfa	Amortization Of Purchase Premiums AmortizationOfPurchasePremiums	10215000	USD
CY2013Q4	mfa	Available For Sale Securities Accretable Purchase Discounts AvailableForSaleSecuritiesAccretablePurchaseDiscounts	460126000	USD
CY2014Q1	mfa	Available For Sale Securities Accretable Purchase Discounts AvailableForSaleSecuritiesAccretablePurchaseDiscounts	442239000	USD
CY2013Q4	mfa	Available For Sale Securities Agency AvailableForSaleSecuritiesAgency	6519221000	USD
CY2014Q1	mfa	Number Of Components Of Linked Transactions NumberOfComponentsOfLinkedTransactions	2	Component
CY2013Q1	mfa	Number Of Derivatives Terminated NumberOfDerivativesTerminated	0	derivative
CY2014Q1	mfa	Number Of Repurchase Agreement Counterparties With Unconditional Right Of Setoff NumberOfRepurchaseAgreementCounterpartiesWithUnconditionalRightOfSetoff	1	counterparty
CY2014Q1	mfa	Available For Sale Securities Agency AvailableForSaleSecuritiesAgency	6841033000	USD
CY2013Q4	mfa	Available For Sale Securities Discount Designated As Credit Reserve And Other Than Temporary Impairments AvailableForSaleSecuritiesDiscountDesignatedAsCreditReserveAndOtherThanTemporaryImpairments	1043037000	USD
CY2014Q1	mfa	Available For Sale Securities Discount Designated As Credit Reserve And Other Than Temporary Impairments AvailableForSaleSecuritiesDiscountDesignatedAsCreditReserveAndOtherThanTemporaryImpairments	1041933000	USD
CY2014Q1	mfa	Available For Sale Securities Non Agency AvailableForSaleSecuritiesNonAgency	2801336000	USD
CY2013Q4	mfa	Available For Sale Securities Non Agency AvailableForSaleSecuritiesNonAgency	2569766000	USD
CY2013Q4	mfa	Available For Sale Securities Pledged As Collateral Agency AvailableForSaleSecuritiesPledgedAsCollateralAgency	6142306000	USD
CY2014Q1	mfa	Available For Sale Securities Pledged As Collateral Agency AvailableForSaleSecuritiesPledgedAsCollateralAgency	6404803000	USD
CY2013Q4	mfa	Available For Sale Securities Pledged As Collateral Non Agency AvailableForSaleSecuritiesPledgedAsCollateralNonAgency	1778067000	USD
CY2014Q1	mfa	Available For Sale Securities Pledged As Collateral Non Agency AvailableForSaleSecuritiesPledgedAsCollateralNonAgency	1776353000	USD
CY2013Q4	mfa	Available For Sale Securities Principal Payments Receivable AvailableForSaleSecuritiesPrincipalPaymentsReceivable	1100000	USD
CY2014Q1	mfa	Available For Sale Securities Principal Payments Receivable AvailableForSaleSecuritiesPrincipalPaymentsReceivable	1500000	USD
CY2013Q4	mfa	Available For Sale Securities Purchase Premiums AvailableForSaleSecuritiesPurchasePremiums	227533000	USD
CY2014Q1	mfa	Available For Sale Securities Purchase Premiums AvailableForSaleSecuritiesPurchasePremiums	250581000	USD
CY2014Q1	mfa	Comprehensive Income Loss To Common Stockholders And Participating Securities ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities	126928000	USD
CY2013Q1	mfa	Comprehensive Income Loss To Common Stockholders And Participating Securities ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities	205706000	USD
CY2013Q4	mfa	Derivative Collateral Excess DerivativeCollateralExcess	9300000	USD
CY2014Q1	mfa	Employment Agreements Number Of Officers EmploymentAgreementsNumberOfOfficers	5	officer
CY2014Q1	mfa	Excise Tax And Interest Payable ExciseTaxAndInterestPayable	6198000	USD
CY2013Q4	mfa	Excise Tax And Interest Payable ExciseTaxAndInterestPayable	6398000	USD
CY2014Q1	mfa	Gain On Linked Transactions GainOnLinkedTransactions	3251000	USD
CY2013Q1	mfa	Gain On Linked Transactions GainOnLinkedTransactions	1536000	USD
CY2013Q1	mfa	Interest Income Agency Securities Mortgage Backed InterestIncomeAgencySecuritiesMortgageBacked	42787000	USD
CY2014Q1	mfa	Interest Income Agency Securities Mortgage Backed InterestIncomeAgencySecuritiesMortgageBacked	39329000	USD
CY2013Q1	mfa	Interest Income Non Agency Securities Mortgage Backed InterestIncomeNonAgencySecuritiesMortgageBacked	41047000	USD
CY2014Q1	mfa	Interest Income Non Agency Securities Mortgage Backed InterestIncomeNonAgencySecuritiesMortgageBacked	43155000	USD
CY2014Q1	mfa	Interest Income Non Agency Securities Mortgage Backed Transferred To Consolidated Variable Interest Entity InterestIncomeNonAgencySecuritiesMortgageBackedTransferredToConsolidatedVariableInterestEntity	38664000	USD
CY2013Q1	mfa	Interest Income Non Agency Securities Mortgage Backed Transferred To Consolidated Variable Interest Entity InterestIncomeNonAgencySecuritiesMortgageBackedTransferredToConsolidatedVariableInterestEntity	38868000	USD
CY2013Q4	mfa	Mbs Linked Transactions Net MBSLinkedTransactionsNet	28181000	USD
CY2014Q1	mfa	Mbs Linked Transactions Net MBSLinkedTransactionsNet	59826000	USD
CY2014Q1	mfa	Mortgage Backed Securities Period Of Fixed Rate Mortgages Minimum MortgageBackedSecuritiesPeriodOfFixedRateMortgagesMinimum	P15Y
CY2013Q1	mfa	Net Income Loss Available To Common Stockholders Basic And Diluted Net Of Allocation To Participating Securities NetIncomeLossAvailableToCommonStockholdersBasicAndDilutedNetOfAllocationToParticipatingSecurities	74990000	USD
CY2014Q1	mfa	Net Income Loss Available To Common Stockholders Basic And Diluted Net Of Allocation To Participating Securities NetIncomeLossAvailableToCommonStockholdersBasicAndDilutedNetOfAllocationToParticipatingSecurities	72160000	USD
CY2014Q1	mfa	Non Agency Mortgage Backed Securities Transferred To Consolidated Variable Interest Entity NonAgencyMortgageBackedSecuritiesTransferredToConsolidatedVariableInterestEntity	2243819000	USD
CY2013Q4	mfa	Non Agency Mortgage Backed Securities Transferred To Consolidated Variable Interest Entity NonAgencyMortgageBackedSecuritiesTransferredToConsolidatedVariableInterestEntity	2282371000	USD
CY2014Q1	mfa	Operating Leases Number Of Operating Leases OperatingLeasesNumberOfOperatingLeases	2	lease
CY2013Q1	mfa	Other Comprehensive Income Unrealized Holding Gain Loss On Agency Mortgage Backed Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax	-27291000	USD
CY2014Q1	mfa	Other Comprehensive Income Unrealized Holding Gain Loss On Agency Mortgage Backed Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax	17843000	USD
CY2013Q1	mfa	Other Comprehensive Income Unrealized Holding Gain Loss On Non Agency Mortgage Backed Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnNonAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax	146730000	USD
CY2014Q1	mfa	Other Comprehensive Income Unrealized Holding Gain Loss On Non Agency Mortgage Backed Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnNonAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax	51417000	USD
CY2014Q1	mfa	Payments Made For Margin Calls On Repurchase Agreements And Derivatives PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives	29000000	USD
CY2013Q1	mfa	Payments Made For Margin Calls On Repurchase Agreements And Derivatives PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives	0	USD
CY2013Q1	mfa	Payments On Securitized Debt PaymentsOnSecuritizedDebt	104802000	USD
CY2014Q1	mfa	Payments On Securitized Debt PaymentsOnSecuritizedDebt	73262000	USD
CY2014Q1	mfa	Percentage Of Annual Reit Taxable Income Distributed To Stockholders PercentageOfAnnualREITTaxableIncomeDistributedToStockholders	1.00
CY2014Q1	mfa	Pledged Financial Instruments Not Separately Reported Securities Pledged Aggregate Fair Value And Accrued Interest PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAggregateFairValueAndAccruedInterest	10582825000	USD
CY2014Q1	mfa	Principal Payments On Linked Transactions PrincipalPaymentsOnLinkedTransactions	374073000	USD
CY2013Q1	mfa	Principal Payments On Linked Transactions PrincipalPaymentsOnLinkedTransactions	57977000	USD
CY2014Q1	mfa	Principal Payments On Securities Sold Under Agreements To Repurchase PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase	20203589000	USD
CY2013Q1	mfa	Principal Payments On Securities Sold Under Agreements To Repurchase PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase	18024857000	USD
CY2013Q1	mfa	Proceeds From Linked Transactions ProceedsFromLinkedTransactions	59245000	USD
CY2014Q1	mfa	Proceeds From Linked Transactions ProceedsFromLinkedTransactions	344504000	USD
CY2013Q1	mfa	Proceeds From Margin Calls On Repurchase Agreements And Derivatives ProceedsFromMarginCallsOnRepurchaseAgreementsAndDerivatives	0	USD
CY2014Q1	mfa	Proceeds From Margin Calls On Repurchase Agreements And Derivatives ProceedsFromMarginCallsOnRepurchaseAgreementsAndDerivatives	30000000	USD
CY2014Q1	mfa	Proceeds From Securities Sold Under Agreements To Repurchase ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase	20470421000	USD
CY2013Q1	mfa	Proceeds From Securities Sold Under Agreements To Repurchase ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase	18175212000	USD
CY2013Q1	mfa	Repayments Of Securities Received As Collateral RepaymentsOfSecuritiesReceivedAsCollateral	200050000	USD
CY2014Q1	mfa	Repayments Of Securities Received As Collateral RepaymentsOfSecuritiesReceivedAsCollateral	0	USD
CY2014Q1	mfa	Repurchase Agreement Counterparty Risk As Percentage Of Stockholders Equity RepurchaseAgreementCounterpartyRiskAsPercentageOfStockholdersEquity	0.05
CY2014Q1	mfa	Repurchase Agreements Financing Period High End Of Range RepurchaseAgreementsFinancingPeriodHighEndOfRange	P6M
CY2014Q1	mfa	Repurchase Agreements Financing Period Low End Of Range RepurchaseAgreementsFinancingPeriodLowEndOfRange	P1M
CY2014Q1	mfa	Repurchase Agreements Number Of Counterparties RepurchaseAgreementsNumberOfCounterparties	26	counterparty
CY2014Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2014Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
CY2014Q1	mfa	Securities Obtained As Collateral Net Of Returns SecuritiesObtainedAsCollateralNetOfReturns	47768000	USD
CY2013Q1	mfa	Securities Obtained As Collateral Net Of Returns SecuritiesObtainedAsCollateralNetOfReturns	200099000	USD
CY2014Q1	mfa	Securitized Debt SecuritizedDebt	292526000	USD
CY2013Q4	mfa	Securitized Debt SecuritizedDebt	366205000	USD
CY2014Q1	mfa	Share Based Compensation Arrangement By Share Based Payment Award Forfeiture Rate2009 And Prior ShareBasedCompensationArrangementByShareBasedPaymentAwardForfeitureRate2009AndPrior	0
CY2014Q1	mfa	Stock Repurchase Program Stock Repurchased And Retired During Period Shares StockRepurchaseProgramStockRepurchasedAndRetiredDuringPeriodShares	0	shares
CY2014Q1	dei	Amendment Flag AmendmentFlag	false
CY2014Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2014Q1	dei	Document Period End Date DocumentPeriodEndDate	2014-03-31
CY2014Q1	dei	Document Type DocumentType	10-Q
CY2014Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001055160
CY2014Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	366631614	shares
CY2014Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2014Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2014Q1	dei	Entity Registrant Name EntityRegistrantName	MFA FINANCIAL, INC.

Files In Submission

Name	View Source	Status
0001055160-14-000053-index-headers.html	Edgar Link	pending
0001055160-14-000053-index.html	Edgar Link	pending
0001055160-14-000053.txt	Edgar Link	pending
0001055160-14-000053-xbrl.zip	Edgar Link	pending
exhibit311chiefcertificati.htm	Edgar Link	pending
exhibit312chiefcertificati.htm	Edgar Link	pending
exhibit321certfication0331.htm	Edgar Link	pending
exhibit322certification033.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
mfa-03312014x10q.htm	Edgar Link	pending
mfa-20140331.xml	Edgar Link	completed
mfa-20140331.xsd	Edgar Link	pending
mfa-20140331_cal.xml	Edgar Link	unprocessable
mfa-20140331_def.xml	Edgar Link	unprocessable
mfa-20140331_lab.xml	Edgar Link	unprocessable
mfa-20140331_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R7.htm	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$MFA
MFA FINANCIAL, INC. Stock $mfa

2014 Q2 Form 10-Q Financial Statement

#000105516014000053 Filed on May 01, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MFA MFA FINANCIAL, INC. Stock $mfa

2014 Q2 Form 10-Q Financial Statement

#000105516014000053 Filed on May 01, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MFA
MFA FINANCIAL, INC. Stock $mfa