Ellington Financial Inc. Completes First Securitization of Closed-End Second Mortgages
Ellington Financial (NYSE: EFC) has successfully completed a $199 million securitization backed by closed-end second lien residential mortgage loans. The company contributed approximately 51% of the loans, while funds managed by Ellington Management Group provided the remaining portion. The securitization's debt tranches received ratings from Fitch and KBRA, with the senior-most tranches achieving AAAsf and AAA (sf) ratings respectively.
Ellington Financial (NYSE: EFC) ha completato con successo una securitizzazione di 199 milioni di dollari garantita da prestiti ipotecari residenziali di secondo grado a chiusura. L'azienda ha contribuito con circa 51% dei prestiti, mentre i fondi gestiti da Ellington Management Group hanno fornito la parte restante. I tranci di debito della securitizzazione hanno ricevuto valutazioni da parte di Fitch e KBRA, con i tranci pi霉 senior che hanno ottenuto rispettivamente valutazioni AAAsf e AAA (sf).
Ellington Financial (NYSE: EFC) ha completado con 茅xito una securitizaci贸n de 199 millones de d贸lares respaldada por pr茅stamos hipotecarios residenciales de segundo grado cerrados. La compa帽铆a contribuy贸 aproximadamente con el 51% de los pr茅stamos, mientras que los fondos gestionados por Ellington Management Group proporcionaron la parte restante. Los tramos de deuda de la securitizaci贸n recibieron calificaciones de Fitch y KBRA, siendo los tramos m谩s senior calificados con AAAsf y AAA (sf) respectivamente.
Ellington Financial (NYSE: EFC)電� 1鞏� 9900毵� 雼煬 攴滊鞚� 歃濌秾頇�毳� 靹标车鞝侅溂搿� 鞕勲頄堨姷雼堧嫟. 鞚� 歃濌秾頇旊姅 膦呺霅� 2靾滌渼 欤柬儩雼措炒雽�於滌潉 雼措炒搿� 頃╇媹雼�. 須岇偓電� 雽�於滌潣 鞎� 51%毳� 旮办棳頄堨溂氅�, Ellington Management Group鞚� 雮橂ǜ歆� 攵�攵勳潉 鞝滉车頄堨姷雼堧嫟. 歃濌秾頇旍潣 毂勲 韸鸽灉旃橂姅 Fitch鞕� KBRA鞚� 韽夑皜毳� 氚涭晿鞙茧┌, 臧�鞛� 瓿犾渼 韸鸽灉旃橂姅 臧侁皝 AAAsf 氚� AAA (sf) 霌标笁鞚� 氚涭晿鞀惦媹雼�.
Ellington Financial (NYSE: EFC) a r茅ussi 脿 compl茅ter une s茅cu ritisation de 199 millions de dollars soutenue par des pr锚ts hypoth茅caires r茅sidentiels de deuxi猫me rang cl么tur茅s. L'entreprise a contribu茅 脿 environ 51% des pr锚ts, tandis que les fonds g茅r茅s par Ellington Management Group ont fourni la portion restante. Les tranches de dette de la s茅cu ritisation ont re莽u des notations de Fitch et KBRA, les tranches les plus senior ayant obtenu des notations de AAAsf et AAA (sf) respectivement.
Ellington Financial (NYSE: EFC) hat erfolgreich eine Wertpapierverbriefung in H枚he von 199 Millionen Dollar abgeschlossen, die durch geschlossene zweite Hypothekendarlehen gesichert ist. Das Unternehmen steuerte etwa 51% der Darlehen bei, w盲hrend von Ellington Management Group verwaltete Fonds den verbleibenden Teil bereitstellten. Die Schuldentranchen der Verbriefung erhielten Bewertungen von Fitch und KBRA, wobei die seniorsten Tranchen die Bewertungen AAAsf und AAA (sf) erhielten.
- Completed $199 million securitization of second lien mortgages
- Secured highest possible AAA ratings from both Fitch and KBRA for senior tranches
- Strategic partnership with Ellington Management Group for loan contribution
- None.
Insights
The debt tranches issued in the securitization were rated by Fitch and KBRA, with the senior-most tranches receiving AAAsf and AAA (sf) ratings, respectively.
About Ellington Financial
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, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and 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.
View source version on businesswire.com:
Investor Inquiries:
Ellington Financial Inc.
Investor Relations
(203) 409-3575
info@ellingtonfinancial.com
Press & Media Relations:
Amanda Shpiner/Grace Cartwright
Gasthalter & Co.
for Ellington Financial
(212) 257-4170
Ellington@gasthalter.com
Source: Ellington Financial Inc.
FAQ
What is the size of EFC's latest mortgage securitization in 2024?
What percentage of loans did EFC contribute to the $199M securitization?
What ratings did EFC's latest securitization receive from Fitch and KBRA?
Who contributed the remaining loans to EFC's $199M securitization?
