v3.20.1

Related Party Transactions (Details) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2020 USD ($) period | Mar. 31, 2019 USD ($) | Dec. 31, 2019 USD ($)
Related Party Transaction [Line Items] |  |  |  |
Annual base management fee percentage |  | 1.50% |  |
Base management fee to affiliate | [1] | $ 2,443 | $ 1,722 |
Base management fee, gross |  | 2,900 | 2,100 |
Management Fee Expense, Rebates | [1] | $ 500 | 447 |
Incentive fee rate |  | 25.00% |  |
Incentive Fee, Loss Carryforward |  | $ 131,300 |  |
Incentive fee hurdle rate fixed |  | 9.00% |  |
Incentive fee hurdle rate floating |  | 3.00% |  |
Minimum percentage of incentive fee to be paid in share |  | 10.00% |  |
Termination Fee, Number Of Periods | period |  | 2 |  |
Termination Fee, Period |  | 12 months |  |
Expense Reimbursement Period |  | 60 days |  |
Expense Reimbursement - Manager |  | $ 2,700 | 2,700 |
Real estate owned | [2] | 25,054 |  | $ 30,584
Investment in unconsolidated entities, at fair value | [2] | 65,397 |  | 71,850
Securities, at fair value(1) | [2] | 1,481,395 |  | 2,449,941
Non-controlling interests | [2] | 35,098 |  | 39,434
Accrued expenses and other liabilities | [2] | 8,001 |  | 7,753
Reverse repurchase agreements |  | 2,034,225 |  | 2,445,300
Other assets | [2] | 5,453 |  | 7,563
Unpaid Principal Balance |  | 1,441,017 |  | 1,387,733
Related Party Transaction, Purchases from Related Party |  | 300 |  |
Commercial mortgage loans and REO |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Fair Value |  | 35,800 |  | 29,500
Reverse repurchase agreements |  | 163,600 |  | 174,400
Affiliated Entity [Member] |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Accounts payable and accrued expenses | [2] | 2,500 |  | 2,000
Affiliated Entity [Member] | Commercial mortgage loans and REO |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Accrued expenses and other liabilities | [2] |  |  | 700
Mortgage Originator |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Warehouse facility, monetary amount |  | $ 5,000 |  |
Interest rate |  | 15.00% |  |
Advances made under warehouse facility |  | $ 0 |  | 0
Related Party-Consumer Loans Titled in Name of Related Party |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Fair value of loans held in related party trust |  | 54,000 |  | 47,900
Purchasing Entity |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Fair value of loans held in related party trust |  | 193,500 |  | 185,400
Consumer loans purchased through affiliate |  | 48,100 | $ 43,600 |
Estimated remaining contingent purchase obligations |  | 116,100 |  | 287,100
Related party trust - Residential Mortgage Loans and REO |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Fair value of loans held in related party trust |  | 360,400 |  | 304,800
Non-controlling interest of joint venture partner | Unrelated third party joint venture interest | Commercial mortgage loans and REO |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Non-controlling interests |  | 3,500 |  | 3,600
Non-controlling interest of joint venture partner | Related party joint venture interest | Commercial mortgage loans and REO |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Non-controlling interests |  | 7,000 |  | 7,000
Mortgage-related Commercial | Corporate equity securities |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Fair Value |  | 17,700 |  | 17,300
Jepson Holdings Limited |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Investment in unconsolidated entities, at fair value |  | 1,000 |  | 1,900
Corporate loan [Member] |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Unpaid Principal Balance |  | 6,114 |  | 18,415
Corporate loan [Member] | Mortgage Originator |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Unpaid Principal Balance |  |  |  | 12,500
Long |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Securities, at fair value(1) |  | 1,481,395 |  | 2,449,941
Long | Non-Agency RMBS |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Securities, at fair value(1) |  | 159,232 |  | 163,136
Loan receivable from affiliated entity related to warehouse facility |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Other assets |  | 3,900 |  | 8,100
Participation in multi-borrower financing facility |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Outstanding debt of related party |  | $ 340,500 |  | $ 350,600
Note Purchase Agreement May 2019 [Member] | Corporate loan [Member] | Mortgage Originator |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Investment Interest Rate |  | 15.00% |  |
Note Purchase Agreement May 2019 [Member] | Maximum | Corporate loan [Member] | Mortgage Originator |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Note Agreement, Lending Amount Per Agreement |  | $ 5,000 |  |
Note Purchase Agreement July 2019 [Member] | Corporate loan [Member] | Mortgage Originator |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Investment Interest Rate |  | 18.00% |  |
Note Purchase Agreement July 2019 [Member] | Maximum | Corporate loan [Member] | Mortgage Originator |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Note Agreement, Lending Amount Per Agreement |  | $ 5,000 |  |
Note Purchase Agreement December 2019 [Member] | Maximum | Corporate loan [Member] | Mortgage Originator |  |  |  |
Related Party Transaction [Line Items] |  |  |  |
Note Agreement, Lending Amount Per Agreement |  | $ 2,500 |  |
[1] | See Note 13 for further details on management fee rebates.
[2] | Ellington Financial Inc.'s Condensed 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.

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