Ellington Financial Inc. Completes Non-QM Securitization

Business Wire10-04

OLD GREENWICH, Conn., October 03, 2024--(BUSINESS WIRE)--$Ellington Financial Inc.(EFC-B)$ (NYSE: EFC) (the "Company") today announced the closing of a $288 million securitization backed by a pool of ...

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The Company retained certain tranches of the securitization in compliance with both U.S. and EU credit risk retention rules, and also retained the option to call the securitization at any time following the optional redemption date.Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collater","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EFC-B":"Ellington Financial Inc.","EFC":"Ellington投资","BK4110":"抵押房地产投资信托"},"translate_title":"Ellington Financial Inc.完成非QM证券化","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EFC-B":1,"EFC":0.9},"content_text":"OLD GREENWICH, Conn., October 03, 2024--(BUSINESS WIRE)--$Ellington Financial Inc.(EFC-B)$ (NYSE: EFC) (the \"Company\") today announced the closing of a $288 million securitization backed by a pool of non-qualified residential mortgage (\"non-QM\") loans. 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The Company retained certain tranches of the securitization in compliance with both U.S. and EU credit risk retention rules, and also retained the option to call the securitization at any time following the optional redemption date.\nAbout Ellington Financial\nEllington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments. 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