MFA Financial, Inc. Appoints Craig L. Knutson as Sole Chief Executive Officer and Director
August 17, 2017 at 06:23 pm IST
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MFA Financial, Inc. announced that its Board of Directors has elected Craig L. Knutson as sole Chief Executive Officer and a director of MFA to fill the vacancy created by the passing of William S. Gorin earlier this month. Mr. Knutson had served as MFA's Co-Chief Executive Officer since late July 2017.
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.