Exhibit 24

POWER OF ATTORNEY

The undersigned (the "Reporting Person") hereby constitutes and appoints Daniel
Margolis, Lisa Mumford, Mark Tecotzky, Sara Walden Brown, Neha Mathur, Daniel M.
LeBey and Christopher C. Green, and each of them, as the Reporting Person's true and
lawful attorney-in-fact to:

(1) prepare, execute in the Reporting Person's name and on the Reporting Person's behalf,
and submit to the U.S. Securities and Exchange Commission (the "SEC") a Form ID,
including amendments thereto, and any other documents necessary or appropriate to
obtain codes and passwords enabling the Reporting Person to make electronic filings with
the SEC of reports required by Section 16(a) of the Securities Exchange Act of 1934 or
any rule or regulation of the SEC;

(2) execute for and on behalf of the Reporting Person, in the Reporting Person's capacity
as a beneficial owner of 10% or more of Ellington Financial LLC (the "Company"),
Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange Act of
1934 and the rules thereunder;

(3) do and perform any and all acts for and on behalf of the Reporting Person which may
be necessary or desirable to complete and execute any such Form 3, 4 or 5, complete and
execute any amendment or amendments thereto, and timely file such form with the SEC
and any stock exchange or similar authority; and

(4) take any other action of any type whatsoever in connection with the foregoing which,
in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or
legally required by, the Reporting Person, it being understood that the documents
executed by such attorney-in-fact on behalf of the Reporting Person pursuant to this
Power of Attorney shall be in such form and shall contain such terms and conditions as
such attorney-in-fact may approve in such attorney-in-fact's discretion.

The Reporting Person grants to such attorney-in-fact full power and authority to do and
perform any and every act and thing whatsoever requisite, necessary, or proper to be done
in the exercise of any of the rights and powers herein granted, as fully to all intents and
purposes as the Reporting Person might or could do if personally present, with full power
of substitution or revocation, hereby ratifying and confirming all that such attorney-in-
fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the
rights and powers herein granted. The Reporting Person acknowledges that the foregoing
attorney-in-fact, in serving in such capacity at the request of the Reporting Person, is not
assuming, nor is the Company assuming, any of the Reporting Person's responsibilities to
comply with Section 16 of the Securities Exchange Act of 1934.

This Power of Attorney shall remain in effect until the Reporting Person is no longer
required to file Forms 3, 4 and 5 with respect to the Reporting Person's holdings of, and
transactions in securities issued by, the Company, unless earlier revoked by the Reporting
Person in a signed writing delivered to the attorney-in-fact.

      IN WITNESS WHEREOF, the Reporting Person has caused this Power of
Attorney to be executed as of this 14th day of October, 2011.


			Sign here: /s/ Michael W. Vranos
			Print Name: Michael W. Vranos