- CEO
- Laurence Eric Penn
- Full Time Employees
- 400
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 53 Forest Avenue Old Greenwich CT United States of America 06870
- IPO Date
- Feb 3, 2023
- Business
- Ellington Financial Inc. Ellington Financial Inc. (NYSE: EFC) is a real estate investment trust that acquires and manages a diverse portfolio of mortgage-related, consumer-related, corporate-related, and other financial assets primarily in the United States. The company operates through two main segments: the Investment Portfolio segment, which focuses on residential mortgage-backed securities including prime jumbo, Alt-A, non-qualified mortgage, manufactured housing, subprime residential, and single-family rental loans; agency RMBS guaranteed by U.S. government agencies or government-sponsored enterprises; residential and commercial mortgage loans; commercial mortgage-backed securities; consumer loans and asset-backed securities backed by consumer loans; collateralized loan obligations; non-mortgage- and mortgage-related derivatives; debt and equity investments in loan origination companies; investments referencing mortgage servicing rights on traditional forward mortgage loans; and other strategic investments; and the Longbridge segment, which originates, services, and invests in reverse mortgage loans including associated financial assets, financing, hedging, and allocated expenses. Ellington Financial Inc. qualifies as a REIT for federal income tax purposes and distributes at least 90% of its taxable income as dividends to shareholders; it is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, LLC. Founded in 2007 and headquartered in Old Greenwich, Connecticut, the company employs approximately 400 people and maintains subsidiaries such as EF Holdco, Inc. for mortgage banking services, EF Cayman Holdings Ltd. for investment services, and Ellington Financial REIT Cayman Ltd. In recent developments, Ellington Financial Inc. completed its merger with Arlington Asset Investment Corp. in December 2023, enhancing its scale with a significant portfolio of low-coupon mortgage servicing rights, long-term unsecured debt, and preferred equity to bolster its balance sheet, improve operating efficiencies, increase market capitalization, and drive earnings accretion. The company continues to report strong segment performance, with the Investment Portfolio generating $171 million and Longbridge $162 million in sales for fiscal year 2024, alongside strategic expansions in reverse mortgage securitizations reaching $828.4 million as of June 30, 2025, and a $400 million senior notes offering to strengthen liquidity and capital structure.