On September 29, 2020, Kathleen A. Hanrahan, Senior Vice President and Chief Accounting Officer of MFA Financial, Inc. (the Company), and Sunil Yadav, Senior Vice President of the Company, ceased employment with the Company. Effective September 30, 2020, Stephen D. Yarad, the Company's Chief Financial Officer since 2010, was also appointed as Chief Accounting Officer of the Company.
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.