0001047469-03-016240 Sample Contracts

MFA MORTGAGE INVESTMENTS, INC. 6,750,000 Shares Common Stock ($0.01 Par Value) UNDERWRITING AGREEMENT April 29, 2003
Underwriting Agreement • May 1st, 2003 • Mfa Mortgage Investments • Real estate investment trusts • New York

UBS WARBURG LLC FRIEDMAN BILLINGS RAMSEY & CO., INC. RBC DAIN RAUSCHER INC. as Representatives of the several Underwriters, c/o UBS Warburg LLC 299 Park Avenue New York, New York 10171-0026

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