SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                -----------------


                                    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): March 11, 2003



                         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




                ------------------------------------------------
          (Former name or former address, if changed since last report)







ITEM 5.  OTHER EVENTS


     On March 11, 2003,  MFA Mortgage  Investment,  Inc.  issued a press release
announcing the retirement of Michael B. Yanney from its Board of Directors where
he served as  Chairman,  effective  March 6, 2003.  A copy of the press  release
dated March 11, 2003, is attached as an exhibit hereto and  incorporated  herein
by reference.

ITEM 7.  EXHIBITS

     99.1 Press Release dated March 11, 2003.








                                   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
                                                       Chief Executive Officer

Date: March 11, 2003





                                                                    Exhibit 99.1