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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows provided by (used in) operating activities:      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 87,898 $ (70,869) [1] $ 140,556
Net Amortization 13,249 25,066 32,578
Realized (gains) losses on securities and loans, net 93,993 105,449 [1] (5,017)
Realized (gains) losses on financial derivatives, net (40,054) (120,489) [1] (11,502)
Realized gains (losses) on real estate owned, net 5,229 (490) [1] (1,711)
Unrealized gains (losses) on securities and loans, net (171,296) 475,807 [1] 30,802
Unrealized gains (losses) on financial derivatives, net 15,060 (53,891) [1] (10,355)
Unrealized gains (losses) on real estate owned, net (2,177) 485 [1] 1,259
Unrealized Gains (Losses) Other, Net 51,408 (276,342) (15,418)
Foreign currency transactions 23 (150) 224
Foreign currency translation (777) 882 (487)
Bargain purchase gain 28,175 7,932 0
Non-cash Compensation Expense related to Merger   0 0
Net change from reverse mortgage loans held for investment, at fair value (503,831) (199,189) 0
Net change related to HMBS obligations, at fair value 451,598 162,381 [1] 0
Net Change from Forward MSR-related Investments, at fair value 1,288 0 0
Valuation adjustment and deletions of mortgage servicing rights (21,472) 66 0
Unrealized (gains) losses on loan commitments, net 476 30 0
Amortization of deferred debt issuance costs 0 176 263
Shares Issued in Connection with Incentive Fee Payment 0 325 1,241
Equity-based compensation expense 1,358 1,495 971
Interest income related to consolidated securitization trust (54,586) (46,838) (20,269)
Interest expense related to consolidated securitization trust 54,586 44,331 19,366
Cash Outflow for Debt Issuance Costs Related to Other Secured Borrowings, at Fair Value 0 1,881 2,273
Debt issuance costs related to unsecured borrowings, at fair value 0 3,615 [1] 0
Earnings (losses) from investments in unconsolidated entities 855 63,614 [1] (58,104)
Increase (Decrease) in Mortgage Loans Held-for-sale (210,145) (51,894) 0
(Increase) decrease in interest and principal receivable (5,973) (7,666) (63,260)
Increase (Decrease) in Other Operating Assets (1,531) (7,988) (76)
Increase (decrease) in accrued management fee 1,019 1,526 (63)
Increase (Decrease) in Incentive Fee Payable to Affiliate 0 (3,246) 3,246
Increase (Decrease) in Interest Payable, Net (900) 16,686 1,337
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities 9,647 (14,368) 3,439
Proceeds from Sale of Mortgage Loans Held-for-sale 7,520 223 0
Net cash provided by (used in) operating activities (241,858) 42,686 51,293
Cash Flows from Investing Activities:      
Purchase of securities (2,387,259) (1,348,379) (2,523,112)
Purchase and origination of loans (3,076,859) (3,590,737) (2,017,992)
Proceeds from Sale of Forward MSR-related Investments 13,500 0 0
Capital improvements of real estate owned (37) (222) (2,209)
Proceeds from disposition of securities 2,480,188 1,454,193 1,485,459
Proceeds from disposition of loans 155,300 27,410 1,064
Contributions to investments in unconsolidated entities (55,999) (32,835) (24,066)
Distributions from investments in unconsolidated entities 152,858 223,828 172,838
Cash Acquired from Acquisition 34,221 22,618 0
Payments to Acquire Businesses, Gross 0 (38,886) 0
Proceeds from disposition of real estate owned 36,806 10,913 15,611
Proceeds from settlement of claims related to reverse mortgage loans repurchased from HMBS 94,400 0 0
Proceeds from principal payments of securities 172,048 308,983 472,055
Proceeds from principal payments of loans 2,553,066 1,047,909 381,418
Proceeds from investments sold short 449,295 944,513 577,461
Repurchase of securities sold short (508,111) (836,350) (493,336)
Payments on financial derivatives (232,661) (130,635) (65,582)
Proceeds from financial derivatives 245,610 240,521 70,905
Payments made on reverse repurchase agreements (38,165,825) (37,693,038) (19,349,228)
Proceeds from reverse repurchase agreements 38,219,782 37,589,374 19,264,823
Due from brokers, net (18,243) 18,037 8,296
Due to brokers, net 12,826 30,099 331
Net cash provided by (used in) investing activities 174,906 (1,752,684) (2,025,264)
Cash flows provided by (used in) financing activities:      
Net proceeds from issuance of common stock [2] 122,330 99,354 245,292
Proceeds from Issuance of Preferred Stock and Preference Stock [2] 96,850 511 116,220
Offering costs paid (927) (769) (587)
Payments for Repurchase of Common Stock (12,352) (1,659) 0
Dividends paid (149,271) (123,065) (85,704)
Contributions from non-controlling interests 7,158 9,837 14,694
Distributions to non-controlling interests (15,194) (19,897) (27,121)
Proceeds from issuance of other secured borrowings 1,725,708 512,889 79,594
Principal payments on other secured borrowings (1,780,120) (507,996) (34,834)
Borrowings under repurchase agreements 37,574,665 12,652,021 5,912,434
Repayments of repurchase agreements (37,711,816) (11,998,124) (4,899,984)
Proceeds from Issuance of Unsecured Debt 0 206,385 0
Repayments of Unsecured Debt 0 86,000 0
Proceeds from Issuance of Other Secured Borrowings, at fair value 0 857,578 787,529
Repayments of Other secured borrowings, at fair value 0 0 111,530
Proceeds from issuance of HMBS 1,460,978 424,703 0
Principal payments on HMBS related obligations, at fair value 1,275,258 235,070 0
Due from brokers, net 19,054 46,711 (39,216)
Due to brokers, net 13,823 1,622 (1,802)
Net cash provided by (used in) financing activities 75,628 1,839,031 1,954,985
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 8,676 129,033 (18,986)
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period 221,869 92,836 111,822
Cash, Cash Equivalents, and Restricted Cash, End of Period 230,545 221,869 92,836
Cash and Cash Equivalents, at Carrying Value 228,927 [3] 217,053 [3] 92,661
Restricted cash 1,618 [3] 4,816 [3] 175
Supplemental disclosure of cash flow information:      
Interest paid 263,351 125,169 42,692
Income tax paid (323) (1,614) 2,848
Dividends payable 11,528 12,243 10,375
Common Stock Issued During Period, Acquisitions, Value 143,971 0 0
Preferred Stock Issued During Period, Acquisitions, Value 31,631 0 0
Shares issued in connection with incentive fee payment (non-cash) 0 325 1,241
Share-based Payment Arrangement, Noncash Expense 1,257 1,404 971
Transfers from mortgage loans to real estate owned (non-cash) 33,504 2,317 14,033
Transfers from mortgage loans to other sales and claims receivable (non-cash) 93,279 2,544 0
Transfers from mortgage loans to investments in non-consolidated entities (non-cash) 78,460 216,615 144,691
Transfers from corporate loans to investments in unconsolidated entities (non-cash) 665 1,000 0
Transfers from investments in unconsolidated entities (non-cash) 0 38,886 0
Transfers from Other Secured Borrowings to Reverse Repurchase Agreements (Non-Cash) 45,429 0 0
Contributions to investments in non-consolidated entities (non-cash) (7,957) (7,281) 0
Purchase of investments (non-cash) (25,580) (38,472) 0
Purchase of Loans Non Cash 0 0 800
Proceeds from the disposition of loans (non-cash) 174,181 338,663 0
Proceeds from principal payments of investments (non-cash) 167,855 307,911 472,344
Principal payments on Other secured borrowings, at fair value (non-cash) (167,855) (300,441) (472,344)
Proceeds received from Other secured borrowings, at fair value (non-cash) 0 255,914 40,978
Proceeds from issuance of Other secured borrowings (non-cash) 69,610 0 800
Principal payments on Other secured borrowings (non-cash) 0 (43,720) 0
Repayments of repurchase agreement (non-cash) (141,453) (513,975) (39,618)
Contributions from non-controlling interests (non-cash) 0 $ 2,328 $ 0
Arlington Asset Investment Corp.      
Cash flows provided by (used in) operating activities:      
Non-cash Compensation Expense related to Merger $ 3,852    
[1] Conformed to current period presentation.
[2] Net of discounts and commissions.
[3] Ellington Financial Inc.'s Consolidated Balance Sheets include assets and liabilities of variable interest entities it has consolidated. See Note 12 for additional details on Ellington Financial Inc.'s consolidated variable interest entities.