v3.20.4

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

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- References

No definition available.

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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

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