Ellington Financial Inc., operating through its subsidiary, Ellington Financial Operating Partnership LLC, is an investment company primarily focused on acquiring and actively managing a broad range of financial assets within the United States. Its extensive portfolio encompasses various mortgage-related instruments, including residential mortgage-backed securities (RMBS) — both those guaranteed by U. S. government agencies and those backed by non-agency residential loans like prime jumbo, Alt-A, manufactured housing, and subprime mortgages — as well as direct residential and commercial mortgage loans and other commercial real estate debt.