Asset GrowthMFA added $463M of Agency MBS, increasing the portfolio to a total of $1.4B, showing strategic growth in assets.
Company Portfolio ExpansionThe company acquired $470M of non-qualified mortgage residential loans with an average coupon of 7.8%, expanding its portfolio significantly.
Dividend YieldMFA shares trade at 0.7x of adjusted economic BVPS and a 14.2% dividend yield.
Market PositionMFA is a leader in the mortgage sector with a diversified investment portfolio and the capacity and flexibility to invest across the mortgage market.