v3.21.2

Related Party Transactions (Details) | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2021 USD ($) | Sep. 30, 2020 USD ($) | Sep. 30, 2021 USD ($) period numberOfWarrants | Sep. 30, 2020 USD ($) | Dec. 31, 2020 USD ($)
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Annual base management fee percentage |  |  |  | 1.50% |  |  |
Base management fee to affiliate | [1] | $ 3,675,000 | $ 2,981,000 | $ 10,308,000 | $ 8,330,000 |  |
Base management fee, gross |  | 4,100,000 | 3,200,000 | 11,100,000 | 9,200,000 |  |
Management Fee Expense, Rebates |  | 395,000 | 201,000 | $ 784,000 | 853,000 | [1] |
Incentive fee rate |  |  |  | 25.00% |  |  |
Incentive Fee, Loss Carryforward |  | 0 |  | $ 0 |  |  | $ 0
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 |  |  |  | $ 8,700,000 | 7,400,000 |  |
Real estate owned | [2],[3] | 37,002,000 |  | 37,002,000 |  |  | 23,598,000
Investment in unconsolidated entities, at fair value | [2] | 142,019,000 |  | 142,019,000 |  |  | 141,620,000
Securities, at fair value(1)(2) | [2],[3] | 1,895,563,000 |  | 1,895,563,000 |  |  | 1,514,185,000
Non-controlling interests | [2] | 31,944,000 |  | 31,944,000 |  |  | 36,357,000
Accrued expenses and other liabilities | [2] | 20,943,000 |  | 20,943,000 |  |  | 18,659,000
Reverse repurchase agreements |  | 2,105,836,000 |  | 2,105,836,000 |  |  | 1,496,931,000
Other assets | [2] | 3,608,000 |  | 3,608,000 |  |  | 2,575,000
Unpaid Principal Balance |  | 1,940,279,000 |  | 1,940,279,000 |  |  | 1,417,054,000
Related Party Transaction, Purchases from Related Party |  |  |  | 5,500,000 | 1,600,000 |  |
Securities Collateral relating to Reverse Repurchase Agreements |  | 2,400,000,000 |  | 2,400,000,000 |  |  | 1,800,000,000
Income Tax Expense (Benefit) |  | (2,009,000) | $ 2,494,000 | 3,149,000 | 3,490,000 |  |
Loans, at fair value | [2],[3] | 1,996,529,000 |  | 1,996,529,000 |  |  | 1,453,480,000
Corporate loan [Member] |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Unpaid Principal Balance |  | 16,828,000 |  | 16,828,000 |  |  | 5,855,000
Loans, at fair value |  | 16,561,000 |  | 16,561,000 |  |  | 5,855,000
Commercial mortgage loans and REO |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Fair Value |  | 34,000,000 |  | 34,000,000 |  |  | 34,000,000.0
Reverse repurchase agreements |  | 134,900,000 |  | 134,900,000 |  |  | 116,100,000
Affiliated Entity [Member] |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Accounts payable and accrued expenses | [2] | 3,000,000 |  | 3,000,000 |  |  | 2,500,000
Mortgage Originator |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Warehouse facility, monetary amount |  | $ 5,000,000 |  | $ 5,000,000 |  |  |
Interest rate |  | 15.00% |  | 15.00% |  |  |
Advances made under warehouse facility |  | $ 0 |  | $ 0 |  |  | 0
Loans purchased under commitment agreement |  |  |  | $ 150,000,000 |  |  |
Number of warrants purchased under commitment agreement | numberOfWarrants |  |  |  | 9,329,000 |  |  |
Mortgage Originator | Warrants |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Investment in unconsolidated entities, at fair value |  | 6,300,000 |  | $ 6,300,000 |  |  | 3,600,000
Related Party-Consumer Loans Titled in Name of Related Party |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Fair value of loans held in related party trust |  | 71,100,000 |  | 71,100,000 |  |  | 44,500,000
Purchasing Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Fair value of loans held in related party trust |  | 54,500,000 |  | 54,500,000 |  |  | 45,100,000
Consumer loans purchased through affiliate |  |  |  | 25,000,000 | $ 84,700,000 |  |
Estimated remaining contingent purchase obligations |  | 34,300,000 |  | 34,300,000 |  |  | 13,000,000
Related party trust - Residential Mortgage Loans and REO |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Fair value of loans held in related party trust |  | 741,600,000 |  | 741,600,000 |  |  | 387,400,000
Related party mortgage originator (with flow mortgage loan purchase and sale agreement) [Member] | Non-Exchange Traded Equity Investment in Mortgage Originators [Member] |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Drawn down amount being guaranteed |  | $ 10,400,000 |  | $ 10,400,000 |  |  | 5,300,000
Investment in Loan Originator | Corporate loan [Member] |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Investment Interest Rate |  | 3.00% |  | 3.00% |  |  |
Unpaid Principal Balance |  | $ 3,000,000 |  | $ 3,000,000 |  |  |
Lending Commitment |  |  |  | 6,000,000 |  |  |
Loans, at fair value |  | 3,000,000 |  | 3,000,000 |  |  |
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 |  | 2,000,000 |  | 2,000,000 |  |  | 4,100,000
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 |  | 3,600,000 |  | 3,600,000 |  |  | 8,900,000
Mortgage-related Commercial | Corporate equity securities |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Fair Value |  | 23,300,000 |  | 23,300,000 |  |  | 33,900,000
Jepson Holdings Limited |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Investment in unconsolidated entities, at fair value |  | 1,500,000 |  | 1,500,000 |  |  | 1,800,000
Loan receivable from affiliated entity related to warehouse facility |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Other assets |  | 2,100,000 |  | 2,100,000 |  |  | 6,100,000
Participation in multi-borrower financing facility |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Outstanding debt of related party |  | $ 435,700,000 |  | 435,700,000 |  |  | $ 192,300,000
Maximum | Mortgage Originator |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Commitment to purchase loans |  |  |  | $ 150,000,000 |  |  |
Number of warrants available for purchase under commitment agreement | numberOfWarrants |  |  |  | 9,329,000 |  |  |
[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.
[3] | Includes assets pledged as collateral to counterparties. See Note 11 for additional details on the Company's borrowings and related collateral.

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