MFA Financial Successfully Navigates the Coronavirus Crisis

While the coronavirus crisis has been hard on the mortgage real estate investment trust (mREIT) sector, some companies operating within it have had a harder time than others.

MFA Financial (NYSE: MFA) was definitely one such company that really struggled to navigate the crisis. Like most mREITs, MFA experienced a wave of margin calls, and since its assets were less liquid than agency mortgage-backed securities, it suffered through bigger mark-to-market losses (mark to market is a way to measure the fair value of accounts that can fluctuate over time).

Unable to meet margin calls, MFA was forced to enter into forbearance agreements with its creditors. 

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Source Fool.com