SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


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                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934



        Date of Report (Date of Earliest Event Reported): April 23, 2003
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                         MFA MORTGAGE INVESTMENTS, INC.
             (Exact Name of Registrant as Specified in Its Charter)



          Maryland                      1-13991                  13-3974868
          --------                      -------                  ----------
(State or Other Jurisdiction          (Commission              (IRS Employer
      of Incorporation)                 File No.)            Identification No.)


              350 Park Avenue, 21st Floor, New York, New York 10022
               (Address of Principal Executive Office) (Zip Code)



Registrant's Telephone Number, Including Area Code:  (212) 207-6400
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                                 Not Applicable
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          (Former name or former address, if changed since last report)







ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

(c)  Exhibits

     99.1 Press  Release dated April 23, 2003  announcing  results for the first
quarter ended March 31, 2003.

ITEM 9. REGULATION FD DISCLOSURE

     The  information  contained in this Item 9 of this Current  Report is being
furnished  pursuant to "Item 12. Results of Operations and Financial  Condition"
of Form 8-K in accordance with SEC Release Nos. 33-8216; 34-47583.

     The information in this Current Report (including the exhibit) shall not be
deemed to be "filed" for the purposes of Section 18 of the  Securities  Exchange
Act of 1934 or  otherwise  subject  to the  liabilities  of  that  Section.  The
information in this Current Report shall not be  incorporated  by reference into
any registration  statement or other document  pursuant to the Securities Act of
1933, as amended.

     On April 23, 2003, MFA Mortgage Investments,  Inc. (the "Company") issued a
press release announcing its financial results for the first quarter ended March
31, 2003 and held its earnings  conference  call.  The Company is attaching  the
press release as Exhibit 99.1 to this Current Report on Form 8-K.







                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                        MFA MORTGAGE INVESTMENTS, INC.


                                        By: /s/ Stewart Zimmerman
                                           -------------------------------------
                                           Stewart Zimmerman
                                           President and Chief Executive Officer

Date: April 28, 2003