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Balance Sheet Cash Flow Statement 350 Park Ave., 21st Fl. New York, NY 10022 NY Tel. 212-207-6400 Fax 212-207-6420 |
Type: Public
On the web:
http://www.mfa-reit.com
Employees:
22
Employee growth: 37.5%
MFA Financial (formerly MFA Mortgage Investments) has three good buddies: Fannie, Freddie, and Ginnie. This self-advised mortgage real estate investment trust (REIT) was incorporated in 1997 to invest in mortgage-backed securities and mortgages such as those guaranteed by government-related entities Fannie Mae, Freddie Mac, and Ginnie Mae. The REIT's investment portfolio mainly consists of agency mortgage-backed securities, AAA-rated mortgage-backed securities, and cash. The REIT also invests in multifamily housing properties and in corporate securities. MFA Financial buys its securities and loans from the investment banks, savings and loans, banks, and mortgage banking institutions that originate them.
Key numbers for fiscal year ending December, 2008:
Sales: $64.7M
One year growth: 49.0%
Net income: $45.8M
Income growth: 51.6%
Officers:
Chairman and CEO: Stewart Zimmerman
President and CFO: William S. Gorin
SVP Business Development, General Counsel, and Secretary: Timothy W. Korth II
Competitors:
Annaly Capital Management
Capstead Mortgage
iStar Financial Inc




