MFA Financial, Inc. Announces Appointment of Laurie Goodman as Non-Executive Chair of the Board Replacing George H. Krauss
June 03, 2021 at 01:05 pm EDT
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MFA Financial, Inc. announced that its Board of Directors has appointed Laurie Goodman as non-executive Chair of the Board, effective immediately. Ms. Goodman assumes the role of Board Chair from George H. Krauss, who retired from the Board after 24 years of service as a director of MFA following the company's annual meeting of stockholders held earlier in June. Ms. Goodman has been a director of MFA since 2014 and has been a member of the Board's Nominating and Corporate Governance Committee and Audit Committee since joining the Board, and she has been Chair of the Audit Committee since 2017.
MFA Financial, Inc. is a specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities and other real estate assets. Its targeted investments include principally residential whole loans and residential mortgage securities. Its residential whole loans include purchased performing loans, purchased credit deteriorated and purchased non-performing loans. Its residential mortgage securities include agency mortgage-backed securities (MBS), non-agency MBS, credit risk transfer securities and MSR-related assets, which include term notes backed directly or indirectly by mortgage servicing rights (MSRs). Its principal business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. The Company, through its wholly owned subsidiary, Lima One Capital (Lima One), also originates and services business purpose loans for real estate investors.