Schedule II - Valuation And Qualifying Accounts

12 Months Ended

Dec. 31, 2011

Schedule II - Valuation And Qualifying Accounts [Abstract]

Schedule II - Valuation And Qualifying Accounts

Schedule II

ELLINGTON FINANCIAL LLC

Valuation and Qualifying Accounts

(In thousands)

Fiscal Year	Description	Balance Beginning of Period		Charged to Income Statement		Charged Allowance			Balance End of Period
2011	Reserve for Receivable for Swap	$	—	$	—	$	—		$	—
2010	Reserve for Receivable for Swap	$	—	$	—	$	—		$	—
2009	Reserve for Receivable for Swap	$	15,577	$	—	$	(15,577	)	$	—