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MFA Mortgage Investments, Inc. Announces First Quarter 2007 Preferred Dividend of $0.53125

17 February 2007

MFA Mortgage Investments, Inc. (NYSE: MFA) -- In accordance with the terms of MFA's 8.50% Series A Cumulative Redeemable Preferred Stock, the Board of Directors has declared a preferred stock dividend of $0.53125 per share for the quarter ended March 31, 2006. This dividend is payable on March 30, 2007 to preferred stockholders of record as of March 1, 2007.


MFA is a real estate investment trust (REIT) primarily engaged in the business of investment, on a leveraged basis, in a portfolio of high-quality hybrid and adjustable-rate mortgage-backed securities.


When used in this press release or other written or oral communications, statements which are not historical in nature, including those containing words such as "anticipate," "estimate," "should," "expect," "believe," "intend" and similar expressions, are intended to identify "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. These forward-looking statements are subject to various risks and uncertainties, including, but not limited to, those relating to: changes in interest rates and the market value of MFA's MBS; changes in the prepayment rates on the mortgage loans securing MFA's MBS; MFA's ability to use borrowings to finance its assets; changes in government regulations affecting MFA's business; MFA's ability to maintain its qualification as a REIT for federal income tax purposes; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. These and other risks, uncertainties and factors, including those described in the annual, quarterly and current reports that MFA files with the SEC, could cause MFA's actual results to differ materially from those projected in any forward-looking statements it makes. All forward-looking statements speak only as of the date they are made and MFA does not undertake, and specifically disclaims, any obligation to update or revise any forward- looking statements to reflect events or circumstances occurring after the date of such statements.


CONTACT: MFA Investor Relations


800-892-7547


http://www.mfa-reit.com

Source: prnewswire


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