$MFA
MFA FINANCIAL, INC. Stock $mfa

$mfa Overview Financials Valuation SEC Filings Company Website

2020 Q1 Form 10-Q Financial Statement

#000105516020000021 Filed on June 22, 2020

Income Statement

Concept	2020 Q1	2019 Q1
Revenue	$145.5M	$141.0M
YoY Change	3.2%	35.85%
Cost Of Revenue	$83.80M	$79.00M
YoY Change	6.08%	56.13%
Gross Profit	-$309.4M	$113.1M
YoY Change	-373.56%	12.09%
Gross Profit Margin	-212.7%	80.24%
Selling, General & Admin	$13.50M	$13.20M
YoY Change	2.27%	24.53%
% of Gross Profit		11.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.600M	$400.0K
YoY Change	800.0%	0.0%
% of Gross Profit		0.35%
Operating Expenses	$175.4M	$24.30M
YoY Change	621.81%	39.66%
Operating Profit	-$484.8M	$88.80M
YoY Change	-645.95%	6.35%
Interest Expense	$83.76M	$79.03M
YoY Change	5.99%	56.32%
% of Operating Profit		88.99%
Other Income/Expense, Net
YoY Change
Pretax Income	-$909.0M	$88.90M
YoY Change	-1122.5%	6.59%
Income Tax	$0.00	$0.00
% Of Pretax Income		0.0%
Net Earnings	-$909.0M	$88.86M
YoY Change	-1122.99%	6.55%
Net Earnings / Revenue	-624.91%	63.04%
Basic Earnings Per Share	-$2.02	$0.19
Diluted Earnings Per Share	-$2.02	$0.19
COMMON SHARES
Basic Shares Outstanding	453.0M shares	450.4M shares
Diluted Shares Outstanding	453.0M shares	450.4M shares

Balance Sheet

Concept	2020 Q1	2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$116.0M	$77.00M
YoY Change	50.65%	-64.19%
Cash & Equivalents	$116.5M	$76.60M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$116.0M	$77.00M
YoY Change	50.65%	-64.19%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill		$7.200M
YoY Change		0.15%
Intangibles
YoY Change
Long-Term Investments	$9.843B	$12.13B
YoY Change	-18.86%	20.23%
Other Assets	$217.0M	$42.00M
YoY Change	416.67%	500.0%
Total Long-Term Assets	$11.01B	$12.72B
YoY Change	-13.44%	22.35%
TOTAL ASSETS
Total Short-Term Assets	$116.0M	$77.00M
Total Long-Term Assets	$11.01B	$12.72B
Total Assets	$11.13B	$12.80B
YoY Change	-13.06%	20.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$67.00M	$41.00M
YoY Change	63.41%
Deferred Revenue
YoY Change
Short-Term Debt	$7.768B	$8.510B
YoY Change	-8.72%	29.75%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$7.835B	$8.641B
YoY Change	-9.33%	31.74%
LONG-TERM LIABILITIES
Long-Term Debt	$855.0M	$756.0M
YoY Change	13.1%	5300.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$855.0M	$756.0M
YoY Change	13.1%	-7.92%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.835B	$8.641B
Total Long-Term Liabilities	$855.0M	$756.0M
Total Liabilities	$8.690B	$9.397B
YoY Change	-7.53%	27.34%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.548B	-$637.3M
YoY Change	142.96%	10.08%
Common Stock	$4.531M	$4.505M
YoY Change	0.58%	13.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.441B	$3.405B
YoY Change
Total Liabilities & Shareholders Equity	$11.13B	$12.80B
YoY Change	-13.06%	20.6%

Cashflow Statement

Concept	2020 Q1	2019 Q1
OPERATING ACTIVITIES
Net Income	-$909.0M	$88.86M
YoY Change	-1122.99%	6.55%
Depreciation, Depletion And Amortization	$3.600M	$400.0K
YoY Change	800.0%	0.0%
Cash From Operating Activities	$13.21M	$37.08M
YoY Change	-64.37%	528.93%
INVESTING ACTIVITIES
Capital Expenditures	$176.0K	$391.0K
YoY Change	-54.99%	-295.5%
Acquisitions
YoY Change
Other Investing Activities	$822.4M	-$497.1M
YoY Change	-265.44%	328.53%
Cash From Investing Activities	$822.2M	-$497.5M
YoY Change	-265.29%	328.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	-$687.0K	$551.0K
YoY Change	-224.68%	-55.2%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$636.8M	$490.2M
YoY Change	-229.88%	-474.19%
NET CHANGE
Cash From Operating Activities	$13.21M	$37.08M
Cash From Investing Activities	$822.2M	-$497.5M
Cash From Financing Activities	-$636.8M	$490.2M
Net Change In Cash	$198.7M	$29.87M
YoY Change	565.25%	-112.38%
FREE CASH FLOW
Cash From Operating Activities	$13.21M	$37.08M
Capital Expenditures	$176.0K	$391.0K
Free Cash Flow	$13.04M	$36.69M
YoY Change	-64.47%	501.89%

Facts In Submission

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CY2020Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001055160
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CY2020Q1	mfa	Mortgage Backed Securities Periodof Fixed Rate Mortgages Maximum MortgageBackedSecuritiesPeriodofFixedRateMortgagesMaximum	P30Y
CY2019Q4	mfa	Servicing Rights Pledged As Collateral ServicingRightsPledgedAsCollateral	1217002000	USD
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CY2019Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	USD
CY2019Q4	us-gaap	Loans Pledged As Collateral LoansPledgedAsCollateral	4847782000	USD
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CY2020Q1	us-gaap	Preferred Stock Liquidation Preference Value PreferredStockLiquidationPreferenceValue	275000000	USD
CY2020Q1	dei	Document Type DocumentType	10-Q
CY2020Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2020Q1	dei	Document Period End Date DocumentPeriodEndDate	2020-03-31
CY2020Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2020Q1	dei	Entity File Number EntityFileNumber	1-13991
CY2020Q1	dei	Entity Registrant Name EntityRegistrantName	MFA FINANCIAL, INC.
CY2020Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2020Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	13-3974868
CY2020Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	350 Park Avenue, 20th Floor
CY2020Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	New York
CY2020Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
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CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	2440675000	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	3416101000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	88857000	USD
CY2019Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	551000	USD
CY2019Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	2610000	USD
CY2019Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	992000	USD
CY2019Q1	us-gaap	Adjustments To Additional Paid In Capital Other AdjustmentsToAdditionalPaidInCapitalOther	435000	USD
CY2019Q1	us-gaap	Dividends Common Stock DividendsCommonStock	90097000	USD
CY2019Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	3750000	USD
CY2019Q1	mfa	Dividends Dividend Equivalent Rights DividendsDividendEquivalentRights	256000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	5094000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	-10786000	USD
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	3404531000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-908995000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	88857000	USD
CY2020Q1	mfa	Debt Securities Gain Loss Residential Whole Loans DebtSecuritiesGainLossResidentialWholeLoans	-145791000	USD
CY2019Q1	mfa	Debt Securities Gain Loss Residential Whole Loans DebtSecuritiesGainLossResidentialWholeLoans	0	USD
CY2020Q1	us-gaap	Debt Securities Gain Loss DebtSecuritiesGainLoss	-92589000	USD
CY2019Q1	us-gaap	Debt Securities Gain Loss DebtSecuritiesGainLoss	24609000	USD
CY2020Q1	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	3107000	USD
CY2019Q1	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	1398000	USD
CY2020Q1	mfa	Gainon Liquidationof Residential Whole Loans GainonLiquidationofResidentialWholeLoans	1105000	USD
CY2019Q1	mfa	Gainon Liquidationof Residential Whole Loans GainonLiquidationofResidentialWholeLoans	4684000	USD
CY2020Q1	mfa	Impairmentand Other Losses On Securities Availablefor Sale And Other Assets ImpairmentandOtherLossesOnSecuritiesAvailableforSaleAndOtherAssets	419651000	USD
CY2019Q1	mfa	Impairmentand Other Losses On Securities Availablefor Sale And Other Assets ImpairmentandOtherLossesOnSecuritiesAvailableforSaleAndOtherAssets	0	USD
CY2020Q1	mfa	Accretionof Purchase Discounts AccretionofPurchaseDiscounts	12114000	USD
CY2019Q1	mfa	Accretionof Purchase Discounts AccretionofPurchaseDiscounts	15915000	USD
CY2020Q1	mfa	Amortization Of Purchase Premiums AmortizationOfPurchasePremiums	15266000	USD
CY2019Q1	mfa	Amortization Of Purchase Premiums AmortizationOfPurchasePremiums	7620000	USD
CY2020Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3582000	USD
CY2019Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	432000	USD
CY2020Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1273000	USD
CY2019Q1	us-gaap	Share Based Compensation ShareBasedCompensation	998000	USD
CY2020Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-74556000	USD
CY2019Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-1060000	USD
CY2020Q1	mfa	Provisionfor Creditand Valuation Losseson Residential Whole Loans And Other Financial Instruments At Carrying Valueand Held For Sale ProvisionforCreditandValuationLossesonResidentialWholeLoansAndOtherFinancialInstrumentsAtCarryingValueandHeldForSale	150827000	USD
CY2019Q1	mfa	Provisionfor Creditand Valuation Losseson Residential Whole Loans And Other Financial Instruments At Carrying Valueand Held For Sale ProvisionforCreditandValuationLossesonResidentialWholeLoansAndOtherFinancialInstrumentsAtCarryingValueandHeldForSale	0	USD
CY2020Q1	mfa	Unrealized Losses Gainson Securities Held At Fair Valueand Swaps Not Designatedas Hedges UnrealizedLossesGainsonSecuritiesHeldAtFairValueandSwapsNotDesignatedasHedges	-82464000	USD
CY2019Q1	mfa	Unrealized Losses Gainson Securities Held At Fair Valueand Swaps Not Designatedas Hedges UnrealizedLossesGainsonSecuritiesHeldAtFairValueandSwapsNotDesignatedasHedges	-200000	USD
CY2020Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	37811000	USD
CY2019Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	8770000	USD
CY2020Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-9653000	USD
CY2019Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-6709000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	13214000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	37082000	USD
CY2020Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	1119464000	USD
CY2019Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	1021557000	USD
CY2020Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	508855000	USD
CY2019Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	233724000	USD
CY2020Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Other Investments ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments	539882000	USD
CY2019Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Other Investments ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments	391641000	USD
CY2020Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	1009316000	USD
CY2019Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	208306000	USD
CY2020Q1	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	162607000	USD
CY2019Q1	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	327221000	USD
CY2020Q1	mfa	Proceeds From Real Estate Owned ProceedsFromRealEstateOwned	52042000	USD
CY2019Q1	mfa	Proceeds From Real Estate Owned ProceedsFromRealEstateOwned	23963000	USD
CY2020Q1	mfa	Purchaseof Real Estate Ownedand Capital Improvements PurchaseofRealEstateOwnedandCapitalImprovements	5606000	USD
CY2019Q1	mfa	Purchaseof Real Estate Ownedand Capital Improvements PurchaseofRealEstateOwnedandCapitalImprovements	5923000	USD
CY2020Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	176000	USD
CY2019Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	391000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	822242000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-497458000	USD
CY2020Q1	mfa	Principal Paymentson Securities Soldunder Agreementsto Repurchaseand Other Advances PrincipalPaymentsonSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances	12903818000	USD
CY2019Q1	mfa	Principal Paymentson Securities Soldunder Agreementsto Repurchaseand Other Advances PrincipalPaymentsonSecuritiesSoldunderAgreementstoRepurchaseandOtherAdvances	18879173000	USD
CY2020Q1	mfa	Proceedsfrom Securities Soldunder Agreementsto Repurchase ProceedsfromSecuritiesSoldunderAgreementstoRepurchase	12216862000	USD
CY2019Q1	mfa	Proceedsfrom Securities Soldunder Agreementsto Repurchase ProceedsfromSecuritiesSoldunderAgreementstoRepurchase	19509794000	USD
CY2020Q1	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	37418000	USD
CY2019Q1	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	25501000	USD
CY2020Q1	mfa	Payments Made For Margin Calls On Repurchase Agreements And Derivatives PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives	88405000	USD
CY2019Q1	mfa	Payments Made For Margin Calls On Repurchase Agreements And Derivatives PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives	21478000	USD
CY2020Q1	us-gaap	Proceeds From Issuance Of Redeemable Preferred Stock ProceedsFromIssuanceOfRedeemablePreferredStock	275000000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Redeemable Preferred Stock ProceedsFromIssuanceOfRedeemablePreferredStock	0	USD
CY2020Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	8912000	USD
CY2019Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	0	USD
CY2020Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	687000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	551000	USD
CY2020Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	0	USD
CY2019Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	3750000	USD
CY2020Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	90749000	USD
CY2019Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	90198000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-636753000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	490245000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	198703000	USD
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	29869000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	134664000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	88709000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	333367000	USD
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	118578000	USD
CY2020Q1	us-gaap	Interest Paid Net InterestPaidNet	80158000	USD
CY2019Q1	us-gaap	Interest Paid Net InterestPaidNet	81435000	USD
CY2020Q1	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	50693000	USD
CY2019Q1	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	65160000	USD
CY2020Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	0	USD
CY2019Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	90353000	USD
CY2020Q1	mfa	Noncash Payablefor Unsettled Loan Purchases NoncashPayableforUnsettledLoanPurchases	419583000	USD
CY2019Q1	mfa	Noncash Payablefor Unsettled Loan Purchases NoncashPayableforUnsettledLoanPurchases	0	USD
CY2020Q1	us-gaap	Nature Of Operations NatureOfOperations	<span style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;text-align:justify;text-indent:29px;font-size:10pt;"><span 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 U.S. 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. The Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (“TRS”). In general, a TRS may hold assets and engage in activities that the Company cannot hold or engage in directly and generally may engage in any real estate or non-real estate related business. (See Note </span><span style="font-family:inherit;font-size:10pt;">2</span><span style="font-family:inherit;font-size:10pt;">(</span><span style="font-family:inherit;font-size:10pt;font-style:normal;">n</span><span style="font-family:inherit;font-size:10pt;">))</span></div>
CY2020Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2020Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
CY2020Q1	mfa	Number Of Days Considered To Classify Loans Delinquent NumberOfDaysConsideredToClassifyLoansDelinquent	P60D
CY2020Q1	mfa	Number Of Days Considered To Classify Loans Delinquent NumberOfDaysConsideredToClassifyLoansDelinquent	P60D
CY2020Q1	mfa	Ratio Loan To Value RatioLoanToValue	0.80
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	116500000	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	70600000	USD
CY2020Q1	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	0	USD
CY2019Q4	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	39600000	USD
CY2020Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	216900000	USD
CY2019Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	64000000.0	USD
CY2020Q1	mfa	Repurchase Agreements Financing Period Low End Of Range RepurchaseAgreementsFinancingPeriodLowEndOfRange	P1M
CY2020Q1	mfa	Repurchase Agreements Financing Period High End Of Range RepurchaseAgreementsFinancingPeriodHighEndOfRange	P6M
CY2020Q1	mfa	Repurchase Agreements Financing Collateralized Period Low Endof Range RepurchaseAgreementsFinancingCollateralizedPeriodLowEndofRange	P3M
CY2020Q1	mfa	Repurchase Agreements Financing Collateralized Period High Endof Range RepurchaseAgreementsFinancingCollateralizedPeriodHighEndofRange	P12M
CY2020Q1	mfa	Percentage Of Annual Reit Taxable Income Distributed To Stockholders PercentageOfAnnualREITTaxableIncomeDistributedToStockholders	1
CY2020Q1	mfa	Percentage Of Annual Reit Taxable Income Distributed To Stockholders PercentageOfAnnualREITTaxableIncomeDistributedToStockholders	1
CY2020Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2020Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	USD
CY2020Q1	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-73500000	USD
CY2020Q1	mfa	Loans Including Fair Value Loans Credit Impaired Loansand Other Loansat Carrying Value LoansIncludingFairValueLoansCreditImpairedLoansandOtherLoansatCarryingValue	7000000000.0	USD
CY2019Q4	mfa	Loans Including Fair Value Loans Credit Impaired Loansand Other Loansat Carrying Value LoansIncludingFairValueLoansCreditImpairedLoansandOtherLoansatCarryingValue	7400000000	USD
CY2020Q1	mfa	Purchased Performing Loans PurchasedPerformingLoans	5189634000	USD
CY2019Q4	mfa	Purchased Performing Loans PurchasedPerformingLoans	5370653000	USD
CY2020Q1	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet	744408000	USD
CY2019Q4	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet	698717000	USD
CY2020Q1	mfa	Residential Whole Loans Carrying Value ResidentialWholeLoansCarryingValue	5934042000	USD
CY2019Q4	mfa	Residential Whole Loans Carrying Value ResidentialWholeLoansCarryingValue	6069370000	USD
CY2020Q1	us-gaap	Allowance For Loan And Lease Losses Real Estate AllowanceForLoanAndLeaseLossesRealEstate	218011000	USD
CY2020Q1	mfa	Financing Receivable Originated Two Yearsbefore Latest Fiscal Year Net Write Offs FinancingReceivableOriginatedTwoYearsbeforeLatestFiscalYearNetWriteOffs	334000	USD
CY2020Q1	mfa	Financing Receivable Originated Fiveor More Yearsbefore Latest Fiscal Year Net Write Offs FinancingReceivableOriginatedFiveorMoreYearsbeforeLatestFiscalYearNetWriteOffs	313000	USD
CY2019Q4	us-gaap	Allowance For Loan And Lease Losses Real Estate AllowanceForLoanAndLeaseLossesRealEstate	3025000	USD
CY2020Q1	mfa	Residential Whole Loans Net ResidentialWholeLoansNet	5716031000	USD
CY2019Q4	mfa	Residential Whole Loans Net ResidentialWholeLoansNet	6066345000	USD
CY2020Q1	mfa	Residential Whole Loans ResidentialWholeLoans	16999	loan
CY2019Q4	mfa	Residential Whole Loans ResidentialWholeLoans	17082	loan
CY2019Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	3025000	USD
CY2020Q1	mfa	Financing Receivable Allowancefor Credit Loss Adoptionof New Accounting Principle FinancingReceivableAllowanceforCreditLossAdoptionofNewAccountingPrinciple	70555000	USD
CY2020Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	74897000	USD
CY2020Q1	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	647000	USD
CY2020Q1	mfa	Financing Receivable Valuation Allowance FinancingReceivableValuationAllowance	70181000	USD
CY2020Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	218011000	USD
CY2018Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	968000	USD
CY2019Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	2569000	USD
CY2019Q1	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	512000	USD
CY2019Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	3025000	USD
CY2020Q1	mfa	Financing Receivable Allowancefor Credit Loss Adoptionof New Accounting Principle FinancingReceivableAllowanceforCreditLossAdoptionofNewAccountingPrinciple	70600000	USD
CY2020Q1	mfa	Financing Receivable Gross Upof Amortized Costof Purchased Credit Deteriorated Loans FinancingReceivableGrossUpofAmortizedCostofPurchasedCreditDeterioratedLoans	62400000	USD
CY2020Q1	mfa	Financing Receivable Valuation Allowance FinancingReceivableValuationAllowance	70200000	USD
CY2020Q1	us-gaap	Financing Receivable Originated In Current Fiscal Year FinancingReceivableOriginatedInCurrentFiscalYear	353190000	USD
CY2020Q1	us-gaap	Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear	2436830000	USD
CY2020Q1	us-gaap	Financing Receivable Originated Two Years Before Latest Fiscal Year FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear	1133547000	USD
CY2020Q1	us-gaap	Financing Receivable Originated Three Years Before Latest Fiscal Year FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear	126445000	USD
CY2020Q1	us-gaap	Financing Receivable Originated Four Years Before Latest Fiscal Year FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear	16273000	USD
CY2020Q1	us-gaap	Financing Receivable Originated Five Or More Years Before Latest Fiscal Year FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear	902298000	USD
CY2020Q1	us-gaap	Notes Receivable Gross NotesReceivableGross	4968583000	USD
CY2020Q1	mfa	Financing Receivable Originated Two Yearsbefore Latest Fiscal Year Gross Write Offs FinancingReceivableOriginatedTwoYearsbeforeLatestFiscalYearGrossWriteOffs	334000	USD
CY2020Q1	mfa	Financing Receivable Originated Fiveor More Yearsbefore Latest Fiscal Year Gross Write Offs FinancingReceivableOriginatedFiveorMoreYearsbeforeLatestFiscalYearGrossWriteOffs	313000	USD
CY2020Q1	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	647000	USD
CY2020Q1	us-gaap	Financing Receivable Allowance For Credit Loss Writeoff After Recovery FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery	647000	USD
CY2020Q1	mfa	Certain Loans Acquiredin Transfer Not Accountedforas Debt Securities Acquired During Periodat Acquisitionat Fair Value Excluding Unsettled Loans CertainLoansAcquiredinTransferNotAccountedforasDebtSecuritiesAcquiredDuringPeriodatAcquisitionatFairValueExcludingUnsettledLoans	1243792000	USD
CY2019Q4	mfa	Certain Loans Acquiredin Transfer Not Accountedforas Debt Securities Acquired During Periodat Acquisitionat Fair Value Excluding Unsettled Loans CertainLoansAcquiredinTransferNotAccountedforasDebtSecuritiesAcquiredDuringPeriodatAcquisitionatFairValueExcludingUnsettledLoans	1381583000	USD
CY2020Q1	mfa	Residential Whole Loans Fair Value Net Income Loss Coupon Payments Received ResidentialWholeLoansFairValueNetIncomeLossCouponPaymentsReceived	19036000	USD
CY2019Q1	mfa	Residential Whole Loans Fair Value Net Income Loss Coupon Payments Received ResidentialWholeLoansFairValueNetIncomeLossCouponPaymentsReceived	21756000	USD
CY2020Q1	mfa	Residential Whole Loans Fair Value Net Income Loss Unrealized Gains Losses Net ResidentialWholeLoansFairValueNetIncomeLossUnrealizedGainsLossesNet	-74556000	USD
CY2019Q1	mfa	Residential Whole Loans Fair Value Net Income Loss Unrealized Gains Losses Net ResidentialWholeLoansFairValueNetIncomeLossUnrealizedGainsLossesNet	-1060000	USD
CY2020Q1	mfa	Residential Whole Loans Fair Value Net Income Loss Gain Losson Transfersto Reo ResidentialWholeLoansFairValueNetIncomeLossGainLossonTransferstoREO	2760000	USD
CY2019Q1	mfa	Residential Whole Loans Fair Value Net Income Loss Gain Losson Transfersto Reo ResidentialWholeLoansFairValueNetIncomeLossGainLossonTransferstoREO	4571000	USD
CY2020Q1	mfa	Mortgage Loanson Real Estate Gain Losson Loansat Fair Value MortgageLoansonRealEstateGainLossonLoansatFairValue	-52760000	USD
CY2019Q1	mfa	Mortgage Loanson Real Estate Gain Losson Loansat Fair Value MortgageLoansonRealEstateGainLossonLoansatFairValue	25267000	USD
CY2020Q1	us-gaap	Investment Owned Balance Principal Amount InvestmentOwnedBalancePrincipalAmount	2354515000	USD
CY2020Q1	mfa	Available For Sale Securities Purchase Premiums AvailableForSaleSecuritiesPurchasePremiums	22184000	USD
CY2020Q1	mfa	Available For Sale Securities Accretable Purchase Discounts AvailableForSaleSecuritiesAccretablePurchaseDiscounts	91028000	USD
CY2020Q1	mfa	Available For Sale Securities Discount Designated As Credit Reserve And Other Than Temporary Impairments AvailableForSaleSecuritiesDiscountDesignatedAsCreditReserveAndOtherThanTemporaryImpairments	441477000	USD
CY2020Q1	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	1844710000	USD
CY2020Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	172132000	USD
CY2020Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	89388000	USD
CY2020Q1	us-gaap	Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax	82744000	USD
CY2020Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	1927454000	USD
CY2019Q4	us-gaap	Investment Owned Balance Principal Amount InvestmentOwnedBalancePrincipalAmount	4044818000	USD
CY2019Q4	mfa	Available For Sale Securities Purchase Premiums AvailableForSaleSecuritiesPurchasePremiums	67108000	USD
CY2019Q4	mfa	Available For Sale Securities Accretable Purchase Discounts AvailableForSaleSecuritiesAccretablePurchaseDiscounts	90694000	USD
CY2019Q4	mfa	Available For Sale Securities Discount Designated As Credit Reserve And Other Than Temporary Impairments AvailableForSaleSecuritiesDiscountDesignatedAsCreditReserveAndOtherThanTemporaryImpairments	436598000	USD
CY2019Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	3585248000	USD
CY2019Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	417089000	USD
CY2019Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	18818000	USD
CY2019Q4	us-gaap	Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax	398271000	USD
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CY2019Q1	us-gaap	Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale	209462000	USD
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CY2020Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	89388000	USD
CY2020Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions	54	security
CY2020Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	0	USD
CY2020Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	0	USD
CY2020Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions	0	security
CY2020Q1	us-gaap	Debt Securities Available For Sale Unrealized Loss Position DebtSecuritiesAvailableForSaleUnrealizedLossPosition	268024000	USD
CY2020Q1	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	89388000	USD
CY2019Q4	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	392722000	USD
CY2018Q4	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	417167000	USD
CY2020Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	23953000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	17009000	USD
CY2020Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax	-344269000	USD
CY2019Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax	0	USD
CY2020Q1	mfa	Other Comprehensive Income Loss Availableforsale Securities Adjustment Excluding Cumulative Effect Netof Tax Portion Attributableto Parent OtherComprehensiveIncomeLossAvailableforsaleSecuritiesAdjustmentExcludingCumulativeEffectNetofTaxPortionAttributabletoParent	-243812000	USD
CY2019Q1	mfa	Other Comprehensive Income Loss Availableforsale Securities Adjustment Excluding Cumulative Effect Netof Tax Portion Attributableto Parent OtherComprehensiveIncomeLossAvailableforsaleSecuritiesAdjustmentExcludingCumulativeEffectNetofTaxPortionAttributabletoParent	5094000	USD
CY2020Q1	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	148910000	USD
CY2019Q1	us-gaap	Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax	422261000	USD
CY2020Q1	us-gaap	Real Estate Investments RealEstateInvestments	411473000	USD
CY2019Q4	us-gaap	Real Estate Investments RealEstateInvestments	411659000	USD
CY2020Q1	mfa	Receivablefor Unsettled Mortgage Back Securities Sales ReceivableforUnsettledMortgageBackSecuritiesSales	392597000	USD
CY2019Q4	mfa	Receivablefor Unsettled Mortgage Back Securities Sales ReceivableforUnsettledMortgageBackSecuritiesSales	0	USD
CY2020Q1	mfa	Capital Contributionsto Loan Origination Partners CapitalContributionstoLoanOriginationPartners	113923000	USD
CY2019Q4	mfa	Capital Contributionsto Loan Origination Partners CapitalContributionstoLoanOriginationPartners	147992000	USD
CY2020Q1	us-gaap	Other Interest Earning Assets OtherInterestEarningAssets	73443000	USD
CY2019Q4	us-gaap	Other Interest Earning Assets OtherInterestEarningAssets	70468000	USD
CY2020Q1	us-gaap	Interest Receivable InterestReceivable	65977000	USD
CY2019Q4	us-gaap	Interest Receivable InterestReceivable	70986000	USD
CY2020Q1	mfa	Principal Receivable Advances Suspense Accountsand Other PrincipalReceivableAdvancesSuspenseAccountsandOther	55789000	USD
CY2019Q4	mfa	Principal Receivable Advances Suspense Accountsand Other PrincipalReceivableAdvancesSuspenseAccountsandOther	43842000	USD
CY2020Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	58437000	USD
CY2019Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	39304000	USD
CY2020Q1	us-gaap	Other Assets OtherAssets	1171639000	USD
CY2019Q4	us-gaap	Other Assets OtherAssets	784251000	USD
CY2020Q1	mfa	Real Estate Heldfor Investment RealEstateHeldforInvestment	39500000	USD
CY2019Q4	mfa	Real Estate Heldfor Investment RealEstateHeldforInvestment	27300000	USD
CY2020Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	1622	property
CY2020Q1	us-gaap	Real Estate Investments RealEstateInvestments	411500000	USD
CY2019Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	1652	property
CY2019Q4	us-gaap	Real Estate Investments RealEstateInvestments	411700000	USD
CY2020Q1	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	406900000	USD
CY2019Q4	us-gaap	Real Estate Investments RealEstateInvestments	411659000	USD
CY2018Q4	us-gaap	Real Estate Investments RealEstateInvestments	249413000	USD
CY2020Q1	us-gaap	Real Estate Owned Valuation Allowance Amounts Applied RealEstateOwnedValuationAllowanceAmountsApplied	4750000	USD
CY2019Q1	us-gaap	Real Estate Owned Valuation Allowance Amounts Applied RealEstateOwnedValuationAllowanceAmountsApplied	4072000	USD
CY2020Q1	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	50693000	USD
CY2019Q1	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	65160000	USD
CY2020Q1	mfa	Real Estate Investments Additions RealEstateInvestmentsAdditions	5606000	USD
CY2019Q1	mfa	Real Estate Investments Additions RealEstateInvestmentsAdditions	5923000	USD
CY2020Q1	mfa	Real Estate Investments Disposals RealEstateInvestmentsDisposals	51735000	USD
CY2019Q1	mfa	Real Estate Investments Disposals RealEstateInvestmentsDisposals	25837000	USD
CY2020Q1	us-gaap	Real Estate Investments RealEstateInvestments	411473000	USD
CY2019Q1	us-gaap	Real Estate Investments RealEstateInvestments	290587000	USD
CY2020Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	1622	property
CY2019Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	1233	property
CY2020Q1	mfa	Gainrecordedontransferfromresidentialwholeloanstorealestateowned Gainrecordedontransferfromresidentialwholeloanstorealestateowned	3000000.0	USD
CY2019Q1	mfa	Gainrecordedontransferfromresidentialwholeloanstorealestateowned Gainrecordedontransferfromresidentialwholeloanstorealestateowned	4600000	USD
CY2020Q1	mfa	Numberof Real Estate Properties Sold During Period NumberofRealEstatePropertiesSoldDuringPeriod	249	property
CY2019Q1	mfa	Numberof Real Estate Properties Sold During Period NumberofRealEstatePropertiesSoldDuringPeriod	137	property
CY2020Q1	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	54800000	USD
CY2019Q1	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	27800000	USD
CY2020Q1	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	3100000	USD
CY2019Q1	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	1400000	USD
CY2020Q1	mfa	Derivative Terminated Amount DerivativeTerminatedAmount	4100000000	USD
CY2019Q4	us-gaap	Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax AociLossCashFlowHedgeCumulativeGainLossAfterTax	-22675000	USD
CY2018Q4	us-gaap	Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax AociLossCashFlowHedgeCumulativeGainLossAfterTax	3121000	USD
CY2020Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-50127000	USD
CY2019Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-10445000	USD
CY2020Q1	mfa	Other Comprehensive Income Loss Amortizationof De Designated Hedging Instrumentsafter Reclassificationand Tax OtherComprehensiveIncomeLossAmortizationofDeDesignatedHedgingInstrumentsafterReclassificationandTax	1594000	USD
CY2019Q1	mfa	Other Comprehensive Income Loss Amortizationof De Designated Hedging Instrumentsafter Reclassificationand Tax OtherComprehensiveIncomeLossAmortizationofDeDesignatedHedgingInstrumentsafterReclassificationandTax	-341000	USD
CY2020Q1	us-gaap	Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax AociLossCashFlowHedgeCumulativeGainLossAfterTax	-71208000	USD
CY2019Q1	us-gaap	Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax AociLossCashFlowHedgeCumulativeGainLossAfterTax	-7665000	USD
CY2020Q1	us-gaap	Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths	44500000	USD
CY2020Q1	mfa	Repurchase Agreements Number Of Counterparties RepurchaseAgreementsNumberOfCounterparties	26	counterparty
CY2019Q4	mfa	Repurchase Agreements Number Of Counterparties RepurchaseAgreementsNumberOfCounterparties	28	counterparty
CY2020Q1	mfa	Repurchase Agreement Counterparty Risk As Percentage Of Stockholders Equity RepurchaseAgreementCounterpartyRiskAsPercentageOfStockholdersEquity	0.05
CY2020Q1	us-gaap	Pledged Assets Separately Reported Securities Pledged For Repurchase Agreements At Fair Value PledgedAssetsSeparatelyReportedSecuritiesPledgedForRepurchaseAgreementsAtFairValue	9000000000.0	USD
CY2019Q4	us-gaap	Pledged Assets Separately Reported Securities Pledged For Repurchase Agreements At Fair Value PledgedAssetsSeparatelyReportedSecuritiesPledgedForRepurchaseAgreementsAtFairValue	11300000000	USD
CY2020Q1	mfa	Pledged Financial Instruments Not Separately Reported Securities Pledged Aggregate Fair Value And Accrued Interest PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAggregateFairValueAndAccruedInterest	56000000.0	USD
CY2019Q4	mfa	Pledged Financial Instruments Not Separately Reported Securities Pledged Aggregate Fair Value And Accrued Interest PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledgedAggregateFairValueAndAccruedInterest	57200000	USD
CY2020Q1	us-gaap	Securities Sold Under Agreements To Repurchase Fair Value Of Collateral SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral	8800000000	USD
CY2019Q4	us-gaap	Securities Sold Under Agreements To Repurchase Fair Value Of Collateral SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral	11200000000	USD
CY2019Q4	us-gaap	Derivative Liability Fair Value Of Collateral DerivativeLiabilityFairValueOfCollateral	2200000	USD
CY2020Q1	us-gaap	Other Secured Financings OtherSecuredFinancings	533733000	USD
CY2019Q4	us-gaap	Other Secured Financings OtherSecuredFinancings	570952000	USD
CY2020Q1	us-gaap	Convertible Debt ConvertibleDebt	224264000	USD
CY2019Q4	us-gaap	Convertible Debt ConvertibleDebt	223971000	USD
CY2020Q1	us-gaap	Senior Notes SeniorNotes	96874000	USD
CY2019Q4	us-gaap	Senior Notes SeniorNotes	96862000	USD
CY2020Q1	mfa	Dividendsand Dividend Equivalents Payable DividendsandDividendEquivalentsPayable	0	USD
CY2019Q4	mfa	Dividendsand Dividend Equivalents Payable DividendsandDividendEquivalentsPayable	90749000	USD
CY2020Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	21840000	USD
CY2019Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	18238000	USD
CY2020Q1	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	44771000	USD
CY2019Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	42819000	USD
CY2020Q1	us-gaap	Other Liabilities OtherLiabilities	921482000	USD
CY2019Q4	us-gaap	Other Liabilities OtherLiabilities	1043591000	USD
CY2020Q1	mfa	Operating Leases Number Of Operating Leases OperatingLeasesNumberOfOperatingLeases	3	lease
CY2020Q1	mfa	Repurchase Loans Allowance RepurchaseLoansAllowance	0	USD
CY2020Q1	mfa	Unfunded Commitment UnfundedCommitment	123100000	USD
CY2020Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.20
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
CY2020Q1	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	6616355	shares
CY2020Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	74283000	USD
CY2020Q1	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	366628000	USD
CY2020Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-292345000	USD
CY2020Q1	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	366628000	USD
CY2019Q1	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	17350000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-908995000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	88857000	USD
CY2020Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	5215000	USD
CY2019Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	3750000	USD
CY2020Q1	mfa	Participating Securities Distributedand Undistributed Earnings Loss Basicand Diluted ParticipatingSecuritiesDistributedandUndistributedEarningsLossBasicandDiluted	0	USD
CY2019Q1	mfa	Participating Securities Distributedand Undistributed Earnings Loss Basicand Diluted ParticipatingSecuritiesDistributedandUndistributedEarningsLossBasicandDiluted	256000	USD
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-914210000	USD
CY2019Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	84851000	USD
CY2020Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	452979000	shares
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	450358000	shares
CY2020Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-2.02
CY2019Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.19
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-914210000	USD
CY2019Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	84851000	USD
CY2020Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	USD
CY2019Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	USD
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-914210000	USD
CY2019Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	84851000	USD
CY2020Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	452979000	shares
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	450358000	shares
CY2020Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2019Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2020Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	452979000	shares
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	450358000	shares
CY2020Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-2.02
CY2019Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.19
CY2020Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2300000	shares
CY2020Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	12000000.0	shares
CY2020Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	2000000.0	shares
CY2020Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1273000	USD
CY2019Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	998000	USD
CY2020Q1	mfa	Employment Agreements Number Of Officers EmploymentAgreementsNumberOfOfficers	4	officer
CY2020Q1	mfa	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value Level3 Excluding Loan Purchase Price CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValueLevel3ExcludingLoanPurchasePrice	1243542000	USD
CY2020Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	3877854000	USD
CY2019Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	6522565000	USD
CY2019Q1	mfa	Residential Whole Loans Heldat Fair Value Purchase Transaction Committedin Previous Period Closedin Subsequent Period ResidentialWholeLoansHeldatFairValuePurchaseTransactionCommittedinPreviousPeriodClosedinSubsequentPeriod	70600000	USD
CY2019Q4	mfa	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value Level3 Excluding Loan Purchase Price CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValueLevel3ExcludingLoanPurchasePrice	1381113000	USD
CY2020Q1	mfa	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value Purchases Excludedfrom Level3 Fair Value Methodology Disclosures CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValuePurchasesExcludedfromLevel3FairValueMethodologyDisclosures	250000	USD
CY2019Q4	mfa	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value Purchases Excludedfrom Level3 Fair Value Methodology Disclosures CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValuePurchasesExcludedfromLevel3FairValueMethodologyDisclosures	470000	USD
CY2020Q1	mfa	Other Real Estate Fair Value OtherRealEstateFairValue	50700000	USD
CY2019Q4	mfa	Other Real Estate Fair Value OtherRealEstateFairValue	65200000	USD
CY2020Q1	mfa	Loans Including Fair Value Loans Credit Impaired Loansand Other Loansat Carrying Value LoansIncludingFairValueLoansCreditImpairedLoansandOtherLoansatCarryingValue	7000000000.0	USD
CY2019Q4	mfa	Loans Including Fair Value Loans Credit Impaired Loansand Other Loansat Carrying Value LoansIncludingFairValueLoansCreditImpairedLoansandOtherLoansatCarryingValue	7400000000	USD
CY2020Q1	mfa	Residential Whole Loans Net ResidentialWholeLoansNet	5700000000	USD
CY2019Q4	mfa	Residential Whole Loans Net ResidentialWholeLoansNet	6100000000	USD
CY2020Q1	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue	1200000000	USD
CY2019Q4	us-gaap	Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue	1400000000	USD

Files In Submission

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$MFA
MFA FINANCIAL, INC. Stock $mfa

2020 Q1 Form 10-Q Financial Statement

#000105516020000021 Filed on June 22, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MFA MFA FINANCIAL, INC. Stock $mfa

2020 Q1 Form 10-Q Financial Statement

#000105516020000021 Filed on June 22, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MFA
MFA FINANCIAL, INC. Stock $mfa