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Stock impact report

MFA Financial, Inc. Provides Company Update

MFA Financial, Inc. (MFA) 
Last mfa financial, inc. earnings: 2/20 08:30 am Check Earnings Report
US:NYSE Investor Relations: mfafinancial.com
Company Research Source: PR Newswire
NEW YORK, April 10, 2020 /PRNewswire/ -- MFA Financial, Inc. (NYSE: MFA) (the "Company") announced today the following updates with respect to its business operations.Forbearance Agreement. On April 10, 2020, the Company and its repurchase agreement counterparties holding a significant majority of its outstanding repurchase obligations entered into a Forbearance Agreement.  On March 24, 2020, the Company had announced that due to the turmoil in the financial markets resulting from the COVID-19 pandemic, the Company was engaged in discussions with its financing counterparties regarding forbearance with respect to the Company's obligations under its repurchase agreement financing arrangements, which were approximately $9.5 billion as of March 20, 2020. Since the date of that announcement through April 9, 2020, the Company's indebtedness under such arrangements has decreased to approximately $5.8 billion. This reduction occurred as a result of sales of certain assets and the payoff of th Show less Read more
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