Business Description
Ellington Financial Inc. is a real estate investment trust based in Old Greenwich, Connecticut, that invests in a wide range of mortgage and financial assets across the United States. The company holds residential and commercial mortgages, mortgage-backed securities, consumer loans, and stakes in loan origination businesses, among other investments. It also operates Longbridge, a division focused on reverse mortgage loans. As a REIT, Ellington Financial is required to pay out at least 90% of its taxable income to shareholders as dividends.
