On Monday, MFA Mortgage Investments Inc, reported that since the previous Friday, they have sold over $1 billion in mortgage-backed securities, taking a loss of close to $15 million. Besides that, they also ended no cost repurchase agreements and $525 million in associated interest rate swap agreements, which cost them $31 million.

So far the company has met all if its margin calls: calls from lenders wanting their money returned. They say their current cash balance is at $348 million, with $19 million ready to meet other margin calls.

The company states that, "We have made this strategy adjustment because it is our view that credit conditions are tightening, rapidly and indiscriminately,". They also plan to see further assets in order to reduce their debt-to-equity levels. MFA further explained their actions by saying "We have undertaken these actions to decrease potential future liquidity risks," MFA said in a statement. "We believe that while many financial institutions may face the risk of systemic margin calls, our strategy is to get ahead of the curve and reduce leverage consistent with our own discipline.¨