Ellington Financial Inc.

Mortgage REIT investing in diverse credit assets and reverse mortgages

What Ellington Financial does

Ellington Financial buys and manages a wide range of loans and loan-backed securities, mainly tied to U.S. home and commercial property mortgages, plus consumer loans and corporate debt. Through its Longbridge segment it also offers reverse mortgages, which let older homeowners borrow against their home equity. As a REIT, it intends to pay out at least 90% of its taxable income to shareholders as dividends.

How Ellington Financial makes money

It earns interest income and gains on its portfolio of mortgage, consumer and corporate credit assets, using financing and hedging to manage its returns. It also makes money originating and managing reverse mortgage loans through Longbridge.

Products & services

• Residential mortgage-backed securities (agency and non-agency)
• Residential and commercial mortgage loans
• Commercial mortgage-backed securities
• Consumer loans and consumer ABS
• Collateralized loan obligations
• Longbridge reverse mortgage loans