v3.20.4

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

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- Definition The entire disclosure for investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Includes, but is not limited to, information for each mortgage loan receivable equaling or exceeding three percent of carrying amount of mortgage. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -URI http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014 + Details
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