“We are deeply saddened by the unexpected passing of our board colleague, Frank Oelerich,” MFA’s board chair Laurie Goodman said in a Press release. “Frank was a dear friend for over 40 years and a trusted colleague. He provided invaluable counsel to me, my fellow board members and our management team during his five-plus years of service on the MFA board. He cherished his family, and our deepest sympathies are with his wife, Mary, and their family. He will be sorely missed.”
MFA Financial is a specialty finance company focused on residential mortgage loans, mortgage-backed securities, and real estate assets. Its subsidiary, Lima One Capital, provides business-purpose loans to real estate investors. With a strong history of financial performance, MFA has maintained 27 consecutive years of dividend payments and has distributed over $4.8 billion to its stockholders since going public in 1998.
Read next: MFA Financial gives chief accounting officer new responsibilities
“Frank’s service to MFA was invaluable. My colleagues and I appreciated his sound advice and insights, which were always grounded in the best interests of the company and our stockholders. We extend our heartfelt condolences to his wife and his family,” Goodman added.
Stay updated with the freshest mortgage news. Get exclusive interviews, breaking news, and industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.