MFA Financial, Inc. Appoints George H. Krauss as Non-Executive Chairman, Effective January 1, 2014
December 18, 2013 at 02:11 pm EST
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MFA Financial, Inc. announced that its Board of Directors has appointed George H. Krauss, currently the company's Lead Director, as MFA's non-executive Chairman effective January 1, 2014. Krauss will assume the role of Chairman from Stewart Zimmerman, MFA's Chairman and Chief Executive Officer, who is resigning from the company's Board of Directors concurrent with his previously announced retirement as CEO at the end of 2013. Krauss has been a director of MFA since 1997 and has been the Board's Lead Director since May 2012.
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.
MFA FINANCIAL, INC. 
