MFA Financial, Inc. Buyback
OLI recorded this information on 12/11/2013
MFA Financial, Inc.
Share Amount Authorized:
MFA announced that its Board of Directors has increased by 6,000,000 shares the authorized number of shares of MFA common stock available for repurchase under its existing stock repurchase program. To date, MFA has repurchased approximately 3,150,000 shares of its common stock under the previously disclosed authorization to purchase up to 4,000,000 shares of common stock.
MFA Financial is a holding company. Through its subsidiaries, Co. is a real estate investment trust primarily engaged in the business of investing in residential mortgage assets. Co.'s investments include principally the following: residential whole loans, including purchased performing loans, purchased credit impaired and non-performing loans; residential mortgage securities including Non-Agency mortgage-backed securities (MBS) and credit risk transfer securities; and mortgage servicing rights (MSRs)-related assets, which include term notes backed directly or indirectly by MSRs and loans to provide financing to entities that originate residential mortgage loans and own the related MSRs.
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Hold (2.50 out of 4)