Is MFA Financial Stock a Buy?
The mortgage real estate investment trust (REIT) space has been hammered since the beginning of the COVID-19 pandemic. MFA Financial (NYSE: MFA) is a mortgage REIT that invests mainly in non-government guaranteed mortgage-backed securities and mortgages. Forbearance means the company has been unable to meet its margin calls and has agreed with its counterparties to hold off liquidating until a specified date.