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Wednesday, 05/01/2013 8:51:23 AM

Wednesday, May 01, 2013 8:51:23 AM

Post# of 765
8:45 AM More on MFA Financial (MFA) Q1 earnings: Book value/share of $8.84, on its face down from $8.99 on Dec. 31, but the company paid a $0.50 special dividend in March, so book value is actually on the rise as the company's non-agency portfolio appreciates. Lower LTV ratios on mortgages in the non-agency portfolio (thanks to home price increases and amortization) allows company to reduce estimate of future losses and transfer another $34.5 out of the credit reserve.

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