MFA Mortgage Investments Changes Name In New Year

Posted by Orb Staff on December 30, 2008 No Comments
Categories : Residential Mortgage

Real estate investment trust MFA Mortgage Investments Inc. will change its name to MFA Financial Inc., effective Jan. 1, 2009. The company's common stock and 8.5% Series A Cumulative Redeemable preferred stock will continue to trade on the New York Stock Exchange under the symbols MFA and MFA PrA, respectively.

MFA is primarily engaged in the business of investment, on a leveraged basis, in a portfolio of hybrid and adjustable-rate mortgage-backed securities (MBS). As of Sept. 30, approximately 99% of MFA's assets consisted of MBS issued or guaranteed by an agency of the U.S. government or a federally chartered corporation, other MBS rated AAA by Standard & Poor's Corp., MBS-related receivables and cash.

SOURCE: MFA Mortgage Investments

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