{"id":450031,"date":"2021-03-03T16:13:16","date_gmt":"2021-03-03T21:13:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450031"},"modified":"2021-03-03T16:13:16","modified_gmt":"2021-03-03T21:13:16","slug":"ellington-financial-inc-completes-251-8-million-non-qm-loan-securitization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ellington-financial-inc-completes-251-8-million-non-qm-loan-securitization\/","title":{"rendered":"Ellington Financial Inc. Completes $251.8 Million Non-QM Loan Securitization"},"content":{"rendered":"

<\/p>\n

Ellington Financial Inc. Completes $251.8 Million Non-QM Loan Securitization<\/b><\/p>\n

OLD GREENWICH, Conn.–(BUSINESS WIRE<\/a>)–
\nEllington Financial Inc. (NYSE: EFC) (the “Company”) announced today that it has closed a $251.8 million securitization backed by a pool of non-qualified residential mortgage (\u201cnon-QM\u201d) loans. The Company originally acquired the vast majority of the non-QM loans from LendSure Mortgage Corp., a mortgage originator in which the Company holds a strategic equity investment.\n<\/p>\n

\nThe securitization was rated by both S&P and KBRA, with the senior tranche receiving AAA ratings. The Company retained certain tranches of the securitization in order to comply with credit risk retention rules, and also retained the option to call the securitization at any time following the optional redemption date.\n<\/p>\n

About Ellington Financial Inc.<\/b><\/p>\n

\nEllington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, equity investments in loan origination companies, and other strategic investments. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.\n<\/p>\n

About LendSure Mortgage Corp. <\/b><\/p>\n

\nLendSure is a privately held financial services company primarily engaged in the origination of residential mortgage loans. LendSure is led by a team of seasoned mortgage professionals who have many years of experience in the mortgage industry. LendSure is currently licensed (or not required to be licensed) to originate mortgage loans in 39 states, and operates primarily on a wholesale basis. LendSure was founded in March 2015 and maintains its corporate headquarters in San Diego, CA.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210303005942\/en\/<\/a><\/span><\/p>\n

\nInvestor:
\n
Ellington Financial Inc.
\n
Investor Relations
\n
(203) 409-3575
\n
info@ellingtonfinancial.com
\n<\/a>
or
\n
Media:
\n
Gasthalter & Co.
\n
for Ellington Financial Inc.
\n
Amanda Klein or Kevin FitzGerald
\n
(212) 257-4170
\n
ellington@gasthalter.com<\/a><\/p>\n

KEYWORDS:<\/b> Connecticut United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Residential Building & Real Estate Construction & Property Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Ellington Financial Inc. Completes $251.8 Million Non-QM Loan Securitization OLD GREENWICH, Conn.–(BUSINESS WIRE)– Ellington Financial Inc. (NYSE: EFC) (the “Company”) announced today that it has closed a $251.8 million securitization backed by a pool of non-qualified residential mortgage (\u201cnon-QM\u201d) loans. The Company originally acquired the vast majority of the non-QM loans from LendSure Mortgage Corp., a mortgage originator in which the Company holds a strategic equity investment. The securitization was rated by both S&P and KBRA, with the senior tranche receiving AAA ratings. The Company retained certain tranches of the securitization in order to comply with credit risk retention rules, and also retained the option to call the securitization at any time following the optional redemption date. About Ellington Financial … <\/p>\n

Continue reading “Ellington Financial Inc. Completes $251.8 Million Non-QM Loan Securitization”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-450031","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEllington Financial Inc. Completes $251.8 Million Non-QM Loan Securitization - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ellington-financial-inc-completes-251-8-million-non-qm-loan-securitization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ellington Financial Inc. 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