SEC Schedule, Article 12-29, Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate

Ellington Financial Inc.

Schedule IV—Mortgage Loans on Real Estate

December 31, 2020

Asset Type	Description	Number of Loans	Interest Rate	Maturity Date	Periodic Payment Terms	Prior Liens	Face Amount of Mortgages	Carrying Amount of Mortgages(1)(2)		Principal Amount of loans subject to delinquent principal or interest
Residential Mortgage Loans:								(In thousands)
Adjustable Rate Residential Mortgage Loan	$0–$249,999	39	2.00%–8.38%	11/30–8/57	n/a	n/a	n/a	$	4,464	$	2,617
Adjustable Rate Residential Mortgage Loan	$250,000–$499,999	31	2.00%–9.25%	12/36–2/60	n/a	n/a	n/a	9,634		8,029
Adjustable Rate Residential Mortgage Loan	$500,000–$749,999	16	3.00%–7.37%	7/35–9/55	n/a	n/a	n/a	8,193		7,773
Adjustable Rate Residential Mortgage Loan	$750,000–$999,999	3	3.38%–6.75%	5/36–9/48	n/a	n/a	n/a	2,223		2,675
Adjustable Rate Residential Mortgage Loan	$1,000,000–$1,249,999	1	6.99%	7/48	n/a	n/a	n/a	902		1,003
Adjustable Rate Residential Mortgage Loan	$1,250,000–$1,499,999	1	5.37%	1/50	n/a	n/a	n/a	1,343		—
Adjustable Rate Residential Mortgage Loan Held in Securitization Trust	$0–$249,999	397	4.00%–9.99%	6/46–4/50	n/a	n/a	n/a	69,577		1,938
Adjustable Rate Residential Mortgage Loan Held in Securitization Trust	$250,000–$499,999	419	4.25%–8.88%	4/46–2/60	n/a	n/a	n/a	142,200		4,988
Adjustable Rate Residential Mortgage Loan Held in Securitization Trust	$500,000–$749,999	155	4.50%–8.75%	3/46–4/60	n/a	n/a	n/a	91,987		2,299
Adjustable Rate Residential Mortgage Loan Held in Securitization Trust	$750,000–$999,999	71	4.13%–8.38%	3/46–10/59	n/a	n/a	n/a	60,871		4,441
Adjustable Rate Residential Mortgage Loan Held in Securitization Trust	$1,000,000–$1,249,999	34	4.62%–7.63%	8/46–3/60	n/a	n/a	n/a	36,567		—
Adjustable Rate Residential Mortgage Loan Held in Securitization Trust	$1,250,000–$1,499,999	21	4.50%–7.49%	11/46–2/60	n/a	n/a	n/a	29,582		2,894
Adjustable Rate Residential Mortgage Loan Held in Securitization Trust	$1,500,000–$1,749,999	18	4.88%–7.00%	2/47–3/60	n/a	n/a	n/a	26,915		3,264
Adjustable Rate Residential Mortgage Loan Held in Securitization Trust	$1,750,000–$1,999,999	5	4.75%–8.50%	11/48–12/59	n/a	n/a	n/a	9,520		—
Adjustable Rate Residential Mortgage Loan Held in Securitization Trust	$2,250,000–$2,499,999	6	4.63%–5.99%	6/48–9/59	n/a	n/a	n/a	14,450		—
Adjustable Rate Residential Mortgage Loan Held in Securitization Trust	$2,500,000–$2,749,999	3	4.99%–5.25%	7/49–11/59	n/a	n/a	n/a	7,996		—
Fixed Rate Residential Mortgage Loan	$0–$249,999	389	2.00%–14.00%	1/21–1/61	n/a	n/a	n/a	57,568		5,184
Fixed Rate Residential Mortgage Loan	$250,000–$499,999	251	3.50%–13.00%	1/21–1/61	n/a	n/a	n/a	87,013		3,829

Asset Type	Description	Number of Loans	Interest Rate	Maturity Date	Periodic Payment Terms	Prior Liens	Face Amount of Mortgages	Carrying Amount of Mortgages(1)(2)	Principal Amount of loans subject to delinquent principal or interest
Residential Mortgage Loans (Continued):								(In thousands)
Fixed Rate Residential Mortgage Loan	$500,000–$749,999	98	4.00%–20.00%	1/21–1/61	n/a	n/a	n/a	59,912	3,427
Fixed Rate Residential Mortgage Loan	$750,000–$999,999	49	4.50%–11.55%	1/21–11/60	n/a	n/a	n/a	42,823	3,553
Fixed Rate Residential Mortgage Loan	$1,000,000–$1,249,999	34	3.99%–9.50%	10/21–1/61	n/a	n/a	n/a	38,198	1,088
Fixed Rate Residential Mortgage Loan	$1,250,000–$1,499,999	19	4.24%–10.65%	9/21–12/60	n/a	n/a	n/a	26,481	—
Fixed Rate Residential Mortgage Loan	$1,500,000–$1,749,999	8	4.13%–8.99%	8/21–1/61	n/a	n/a	n/a	13,546	—
Fixed Rate Residential Mortgage Loan	$1,750,000–$1,999,999	4	3.88%–5.50%	11/50–1/61	n/a	n/a	n/a	7,874	—
Fixed Rate Residential Mortgage Loan	$2,000,000–$2,249,999	3	5.88%–6.50%	10/50–1/61	n/a	n/a	n/a	6,591	—
Fixed Rate Residential Mortgage Loan	$2,250,000–$2,499,999	3	5.99%–9.00%	9/21–12/50	n/a	n/a	n/a	7,308	—
Fixed Rate Residential Mortgage Loan	$2,500,000–$2,749,999	3	4.25%–5.25%	1/51–1/61	n/a	n/a	n/a	7,999	—
Fixed Rate Residential Mortgage Loan	$3,250,000–$3,499,000	1	6.13%	10/60	n/a	n/a	n/a	3,654	—
Fixed Rate Residential Mortgage Loan Held in Securitization Trust	$0–$249,999	260	4.63%–8.63%	1/47–9/60	n/a	n/a	n/a	44,822	176
Fixed Rate Residential Mortgage Loan Held in Securitization Trust	$250,000–$499,999	227	4.00%–8.38%	12/34–9/60	n/a	n/a	n/a	80,323	1,539
Fixed Rate Residential Mortgage Loan Held in Securitization Trust	$500,000–$749,999	107	4.50%–7.63%	11/47–9/60	n/a	n/a	n/a	65,494	3,792
Fixed Rate Residential Mortgage Loan Held in Securitization Trust	$750,000–$999,999	49	4.25%–8.13%	5/48–9/60	n/a	n/a	n/a	41,486	—
Fixed Rate Residential Mortgage Loan Held in Securitization Trust	$1,000,000–$1,249,999	18	4.50%–6.38%	5/48–9/60	n/a	n/a	n/a	19,603	—
Fixed Rate Residential Mortgage Loan Held in Securitization Trust	$1,250,000–$1,499,999	20	4.50%–6.38%	12/47–7/60	n/a	n/a	n/a	28,010	—
Fixed Rate Residential Mortgage Loan Held in Securitization Trust	$1,500,000–$1,749,999	3	4.50%–5.50%	11/47–8/60	n/a	n/a	n/a	4,882	—
Fixed Rate Residential Mortgage Loan Held in Securitization Trust	$1,750,000–$1,999,999	6	4.38%–6.38%	8/48–8/60	n/a	n/a	n/a	11,912	—
Fixed Rate Residential Mortgage Loan Held in Securitization Trust	$2,000,000–$2,249,999	3	5.12%–6.24%	4/50–4/59	n/a	n/a	n/a	6,829	—
Fixed Rate Residential Mortgage Loan Held in Securitization Trust	$2,250,000–$2,499,999	1	6.00%	1/59	n/a	n/a	n/a	2,508	—
Fixed Rate Residential Mortgage Loan Held in Securitization Trust	$2,500,000–$2,749,999	1	6.50%	12/60	n/a	n/a	n/a	2,782	—
Fixed Rate Residential Mortgage Loan Held in Securitization Trust	$3,000,000–$3,249,999	1	5.38%	5/49	n/a	n/a	n/a	3,027	—
Total Residential Mortgage Loans								1,187,069	64,509

Asset Type	Description	Number of Loans	Interest Rate	Maturity Date	Periodic Payment Terms	Prior Liens	Face Amount of Mortgages	Carrying Amount of Mortgages(1)(2)	Principal Amount of loans subject to delinquent principal or interest
Commercial Mortgage Loans:								(In thousands)
Adjustable Rate Commercial Mortgage Loan	$0–$4,999,999	10	3.37%–9.00%	1/21–10/37	n/a	n/a	n/a	28,692	3,983
Adjustable Rate Commercial Mortgage Loan	$5,000,000–$9,999,999	9	7.00%–8.50%	3/21–4/22	n/a	n/a	n/a	65,776	16,500
Adjustable Rate Commercial Mortgage Loan	$10,000,000–$14,999,999	5	8.00%–11.00%	10/21–3/22	n/a	n/a	n/a	58,999	23,750
Adjustable Rate Commercial Mortgage Loan	$15,000,000–$19,999,999	3	8.25%–9.00%	8/21–9/21	n/a	n/a	n/a	46,633	—
Adjustable Rate Commercial Mortgage Loan	$25,000,000–$29,999,999	1	7.10%	2/21	n/a	n/a	n/a	12,558	—
Fixed Rate Commercial Mortgage Loan	$5,000,000–$9,999,999	1	8.00%	3/21	n/a	n/a	n/a	373	—
Total Commercial Mortgage Loans								213,031	44,233
Total Mortgage Loans								1,400,100	108,742

(1)Aggregate cost for federal income tax purposes is $598.8 million for commercial and non-securitized residential mortgage loans. Excluded from this amount is the cost basis for federal income tax purposes of $801.3 million of securitized residential loans; such loans have been deemed to be sold for tax purposes but do not meet the requirements for true sale under U.S. GAAP.

(2)As of December 31, 2020, all of the Company's mortgage loans were carried at fair value. See Note 2 and Note 3 in the notes to our consolidated financial statements for the year ended December 31, 2020 for additional details.

The following table presents a roll-forward of the fair value of the Company's mortgage loans on real estate for the year ended December 31, 2020.

	Year Ended
	December 31, 2020		December 31, 2019
(In thousands)
Beginning Balance	$	1,206,962	$	692,131
Additions:
Purchases	716,241		837,502
Net unrealized gain	11,427		6,717
Net realized gain	—		3,878
Deductions:
Cost of mortgages sold	(28,613)		(28,805)
Collections of principal	(496,186)		(275,520)
Amortization of premium and (discounts)	(6,317)		(6,363)
Foreclosures	(3,384)		(22,578)
Net realized loss	(30)		—
Ending Balance	$	1,400,100	$	1,206,962