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Investment in Securities (Summary of Investment in Securities) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Securities, Available-for-sale [Line Items]    
Current Principal $ 2,282,149  
Unamortized Premium (Discount) (150,821)  
Amortized Cost 2,342,369  
Gross Unrealized Gains 43,801  
Gross Unrealized Losses (9,638)  
Investment Owned At Fair Value, Net 2,376,532  
Securities, at fair value(1) [1] 2,449,941  
Securities sold short, at fair value $ (73,409) $ (850,577)
Fair Value   $ 2,939,311
Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 4.23%  
Weighted Average Yield 4.01%  
Weighted average life 5 years 10 months 24 days  
Long    
Securities, Available-for-sale [Line Items]    
Current Principal $ 2,355,498  
Unamortized Premium (Discount) (151,329)  
Amortized Cost 2,415,210  
Gross Unrealized Gains 43,738  
Gross Unrealized Losses (9,007)  
Securities, at fair value(1) $ 2,449,941  
Long | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 4.15%  
Weighted Average Yield 4.09%  
Weighted average life 5 years 10 months 17 days  
Long | 15-year fixed-rate mortgages    
Securities, Available-for-sale [Line Items]    
Current Principal $ 314,636  
Unamortized Premium (Discount) 6,369  
Amortized Cost 321,005  
Gross Unrealized Gains 2,604  
Gross Unrealized Losses (203)  
Securities, at fair value(1) $ 323,406  
Long | 15-year fixed-rate mortgages | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 3.05%  
Weighted Average Yield 2.28%  
Weighted average life 3 years 18 days  
Long | 20-year fixed-rate mortgages    
Securities, Available-for-sale [Line Items]    
Current Principal $ 804  
Unamortized Premium (Discount) 49  
Amortized Cost 853  
Gross Unrealized Gains 24  
Gross Unrealized Losses 0  
Securities, at fair value(1) $ 877  
Long | 20-year fixed-rate mortgages | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 4.62%  
Weighted Average Yield 2.99%  
Weighted average life 4 years 9 months 18 days  
Long | 30-year fixed-rate mortgages    
Securities, Available-for-sale [Line Items]    
Current Principal $ 1,358,762  
Unamortized Premium (Discount) 64,846  
Amortized Cost 1,423,608  
Gross Unrealized Gains 13,821  
Gross Unrealized Losses (2,830)  
Securities, at fair value(1) $ 1,434,599  
Long | 30-year fixed-rate mortgages | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 4.20%  
Weighted Average Yield 2.95%  
Weighted average life 6 years 7 months 17 days  
Long | Adjustable rate mortgages    
Securities, Available-for-sale [Line Items]    
Current Principal $ 9,651  
Unamortized Premium (Discount) 315  
Amortized Cost 9,966  
Gross Unrealized Gains 90  
Gross Unrealized Losses (54)  
Securities, at fair value(1) $ 10,002  
Long | Adjustable rate mortgages | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 3.99%  
Weighted Average Yield 2.03%  
Weighted average life 4 years 1 month 2 days  
Long | Reverse mortgages    
Securities, Available-for-sale [Line Items]    
Current Principal $ 122,670  
Unamortized Premium (Discount) 8,133  
Amortized Cost 130,803  
Gross Unrealized Gains 2,023  
Gross Unrealized Losses (26)  
Securities, at fair value(1) $ 132,800  
Long | Reverse mortgages | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 4.43%  
Weighted Average Yield 2.78%  
Weighted average life 6 years 8 months 1 day  
Long | Interest only securities    
Securities, Available-for-sale [Line Items]    
Amortized Cost $ 34,044  
Gross Unrealized Gains 1,624  
Gross Unrealized Losses (389)  
Securities, at fair value(1) $ 35,279  
Long | Interest only securities | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 2.81%  
Weighted Average Yield 9.27%  
Weighted average life 3 years 10 months 9 days  
Long | Non-Agency RMBS    
Securities, Available-for-sale [Line Items]    
Current Principal $ 274,353  
Unamortized Premium (Discount) (122,685)  
Amortized Cost 151,668  
Gross Unrealized Gains 12,549  
Gross Unrealized Losses (1,081)  
Securities, at fair value(1) $ 163,136  
Long | Non-Agency RMBS | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 3.41%  
Weighted Average Yield 7.25%  
Weighted average life 5 years 3 months 21 days  
Long | CMBS    
Securities, Available-for-sale [Line Items]    
Current Principal $ 185,417  
Unamortized Premium (Discount) (67,961)  
Amortized Cost 117,456  
Gross Unrealized Gains 2,990  
Gross Unrealized Losses (480)  
Securities, at fair value(1) $ 119,966  
Long | CMBS | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 3.31%  
Weighted Average Yield 6.62%  
Weighted average life 8 years 11 months 8 days  
Long | Non-Agency IOs    
Securities, Available-for-sale [Line Items]    
Amortized Cost $ 6,517  
Gross Unrealized Gains 1,817  
Gross Unrealized Losses (18)  
Securities, at fair value(1) $ 8,316  
Long | Non-Agency IOs | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 1.10%  
Weighted Average Yield 8.18%  
Weighted average life 4 years 1 month 20 days  
Long | CLOs    
Securities, Available-for-sale [Line Items]    
Amortized Cost $ 169,238  
Gross Unrealized Gains 4,219  
Gross Unrealized Losses (3,014)  
Securities, at fair value(1) $ 170,443  
Long | CLOs | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 5.05%  
Weighted Average Yield 9.62%  
Weighted average life 4 years 9 months  
Long | Asset-backed securities, backed by consumer loans    
Securities, Available-for-sale [Line Items]    
Current Principal $ 67,080  
Unamortized Premium (Discount) (19,154)  
Amortized Cost 47,926  
Gross Unrealized Gains 1,596  
Gross Unrealized Losses (912)  
Securities, at fair value(1) $ 48,610  
Long | Asset-backed securities, backed by consumer loans | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 12.17%  
Weighted Average Yield 14.00%  
Weighted average life 1 year 2 months 19 days  
Long | Corporate debt securities    
Securities, Available-for-sale [Line Items]    
Current Principal $ 22,125  
Unamortized Premium (Discount) (21,241)  
Amortized Cost 884  
Gross Unrealized Gains 229  
Gross Unrealized Losses 0  
Securities, at fair value(1) $ 1,113  
Long | Corporate debt securities | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 0.00%  
Weighted Average Yield 0.00%  
Weighted average life 3 months 29 days  
Long | Corporate equity securities    
Securities, Available-for-sale [Line Items]    
Amortized Cost $ 1,242  
Securities, at fair value(1) 1,394  
Corporate equity, gross unrealized gains 152  
Corporate equity, gross unrealized losses 0  
Short    
Securities, Available-for-sale [Line Items]    
Current Principal (73,349)  
Unamortized Premium (Discount) 508  
Investment Sold, Not yet Purchased, Sale Proceeds (72,841)  
Gross Unrealized Gains 63  
Gross Unrealized Losses (631)  
Securities sold short, at fair value $ (73,409)  
Short | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 1.65%  
Weighted Average Yield 1.66%  
Weighted average life 5 years 5 months 26 days  
Short | Corporate debt securities    
Securities, Available-for-sale [Line Items]    
Current Principal $ (450)  
Unamortized Premium (Discount) (6)  
Investment Sold, Not yet Purchased, Sale Proceeds (456)  
Gross Unrealized Gains 0  
Gross Unrealized Losses (15)  
Securities sold short, at fair value $ (471)  
Short | Corporate debt securities | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 5.44%  
Weighted Average Yield 5.21%  
Weighted average life 4 years 10 months 24 days  
Short | U.S. Treasury securities    
Securities, Available-for-sale [Line Items]    
Current Principal $ (63,140)  
Unamortized Premium (Discount) 381  
Investment Sold, Not yet Purchased, Sale Proceeds (62,759)  
Gross Unrealized Gains 63  
Gross Unrealized Losses (298)  
Securities sold short, at fair value $ (62,994)  
Short | U.S. Treasury securities | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 1.76%  
Weighted Average Yield 1.87%  
Weighted average life 6 years 1 month 9 days  
Short | European sovereign bonds    
Securities, Available-for-sale [Line Items]    
Current Principal $ (9,759)  
Unamortized Premium (Discount) 133  
Investment Sold, Not yet Purchased, Sale Proceeds (9,626)  
Gross Unrealized Gains 0  
Gross Unrealized Losses (318)  
Securities sold short, at fair value $ (9,944)  
Short | European sovereign bonds | Weighted Average    
Securities, Available-for-sale [Line Items]    
Weighted Average Coupon 0.77%  
Weighted Average Yield 0.12%  
Weighted average life 1 year 6 months 29 days  
[1]
Ellington Financial Inc.'s Consolidated Balance Sheet includes assets and liabilities of variable interest entities it has consolidated. See Note 9 for additional details on Ellington Financial Inc.'s consolidated variable interest entities.