v3.21.2

Investment in Loans (Schedule of Residential Mortgage Loans) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2021 | Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Unpaid Principal Balance |  | $ 1,940,279 | $ 1,417,054
Unamortized Premium (Discount) |  | (143,084) | (196,118)
Fair Value | [1],[2] | $ 1,996,529 | $ 1,453,480
Weighted Average |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Weighted Average Coupon |  | 3.63% | 3.92%
Weighted Average Yield |  | 3.45% | 4.77%
Weighted average life |  | 5 years 11 months 4 days | 4 years 5 months 26 days
Residential mortgage loans |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Unpaid Principal Balance |  | $ 1,602,548 | $ 1,150,303
Fair Value |  | 1,656,701 | 1,187,069
Residential mortgage loans | Non-performing |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Unpaid Principal Balance |  | 34,904 | 62,009
Fair Value |  | 32,107 | 58,169
Consolidated securitization trusts [Member] | Residential mortgage loans |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Gains |  | 20,400 | 24,800
Losses |  | 400 | 100
Loans held-for-investment [Member] | Residential mortgage loans |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Unpaid Principal Balance |  | 1,602,548 | 1,150,303
Unamortized Premium (Discount) |  | 34,431 | 14,263
Amortized Cost |  | 1,636,979 | 1,164,566
Gains |  | 25,125 | 27,892
Losses |  | (5,403) | (5,389)
Fair Value |  | $ 1,656,701 | $ 1,187,069
Loans held-for-investment [Member] | Residential mortgage loans | Weighted Average |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Weighted Average Coupon |  | 5.79% | 6.19%
Weighted Average Yield |  | 4.56% | 5.60%
Weighted average life |  | 1 year 11 months 12 days | 1 year 10 months 24 days
Non-QM loan securitization | Residential mortgage loans | Consolidated Entities [Member] | Securitized loans [Member] |  |  |
Accounts, Notes, Loans and Financing Receivable [Line Items] |  |  |
Fair Value |  | $ 917,275 | $ 801,343
[1] | 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.
[2] | 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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