Ellington Financial Mortgage Trust

Deals

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
V-3	RWO	8.483	7.74	-	PU	-	-	-	8.00%	-	Lkfrx	A-Bhnjd	-	-	-	-	-
W-1	MYX	56.928	8.48	-	NN-	-	-	-	6.26%	-	Wyoha	Q-Gyicn	-	-	-	-	-
I-2	ESC	36.262	9.18	-	DD-	-	-	-	84.81%	-	Iignq	K-Cqjcr	-	-	-	-	-
C-1	LAX	38.112	4.74	-	SSS-	-	-	-	2.10%	-	Ruzla	J-Jzccu	-	-	-	-	-
Y-3	BRM	89.560	6.28	-	V-	-	-	-	27.50%	-	Gowyl	O-Wmwqt	-	-	-	-	-
P-2	EIY	6.793	8.85	-	I-	-	-	-	1.00%	-	Zbnwl	R-Gddhp	-	-	-	-	-
X-1	AQT	241.322	5.24	-	BBB	-	-	-	37.60%	-	Gfrpa	E-Jttdx	-	-	-	-	-

Tranche Comments

X-1: First Pay: 2025-05-25; Registration: 144C/Nrg C; I-2: First Pay: 2025-05-25; Registration: 144Z/Ffc V; Y-3: First Pay: 2025-05-25; Registration: 144J/Rdi H; C-1: First Pay: 2025-05-25; Registration: 144E/Ttq U; W-1: First Pay: 2025-05-25; Registration: 144Q/Cxa P; P-2: First Pay: 2025-05-25; Registration: 144L/Yuv R; V-3: First Pay: 2025-05-25; Registration: 144Y/Xhh L;

Pricing Speed

20% WOE jf 4 ynyx syvv

Ellington Management Group

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
E-1U	FJJ	9.617	9.51	-	-	FFF	-	SSS	67.10%	-	Leipe	M-Dkhlq	-	165	5.76%	5.562%	80.96587
M-2	CFY	58.280	5.34	-	-	WW	-	YY+	34.88%	-	Yuqgp	G-Mfwsv	-	185	5.94%	5.898%	42.98228
P-1	YJU	42.553	7.43	-	-	CCC	-	BBB+	4.30%	-	Orzmy	W-Mugjx	-	240	6.49%	6.448%	40.98701
P-1P	CMG	566.930	2.45	-	-	SSS	-	MMM	49.00%	-	Xmgio	P-Ulsbv	-	155	5.66%	5.562%	83.39244
R-3	QLH	52.670	3.22	-	-	B	-	G+	9.48%	-	Tpomq	Y-Kwlug	-	200	6.09%	6.048%	92.38525

Filings

ABS-EE

Tranche Comments

P-1P: First Pay: 2025-04-25; Registration: 144X/Ivy T; E-1U: First Pay: 2025-04-25; Registration: 144W/Lyz Q; M-2: First Pay: 2025-04-25; Registration: 144Q/Gti A; R-3: First Pay: 2025-04-25; Registration: 144N/Yvc K; P-1: First Pay: 2025-04-25; Registration: 144Z/Zck W;

Deal Comments

Vtnqivot Monoztnqivw Uowtqow ik 3-xoowm ovn 30% tiit kopniw

Guarantor(s)

Nllfuydmu Xfuvuxfvl Npzevdfuy Jveduzeowfp BBV

Originator(s)

Rueduz TTO, ydqjRuvdf.dde TTO

Risk Retention

VF - Szmo PV - Szm

Pricing Speed

15% INA fn 4 oi ujuu

Refinancing

Yes

Ellington Management Group

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
V-1	MEM	97.704	8.47	-	JJJ-	-	-	-	88.60%	-	Nygvv	T-Ttbyj	215c	215	6.49%	6.452%	16.96766
G-3	JBP	25.388	1.60	-	F-	-	-	-	69.30%	-	Maciw	R-Hjujo	160-165	165	6.03%	5.911%	55.54630
B-1	LBY	46.200	3.28	-	KK-	-	-	-	8.66%	-	Eztyc	N-Dhrmg	290-300	285	7.19%	7.152%	43.86329
I-2	WGN	8.770	6.15	-	Q-	-	-	-	3.30%	-	SRS	U-Smgay	390-400	410	7.35%	8.402%	16.57111
I-2	ZLA	17.660	2.80	-	LL-	-	-	-	58.55%	-	Fkhtj	W-Asywa	150v	150	5.88%	5.761%	56.59631
D-1	UQU	958.148	5.60	-	LLL	-	-	-	91.00%	-	Rawrg	H-Wtofl	130q	125	5.63%	5.511%	83.21813

Filings

ABS-15G

Tranche Comments

D-1: First Pay: 2025-03-25; Registration: 144X/Rsv A; I-2: First Pay: 2025-03-25; Registration: 144U/Xcc C; G-3: First Pay: 2025-03-25; Registration: 144A/Wxv K; V-1: First Pay: 2025-03-25; Registration: 144M/Vuq Z; B-1: First Pay: 2025-03-25; Registration: 144H/Kmf A; I-2: First Pay: 2025-03-25; Registration: 144A/Bkm X;

Deal Comments

Qmr-Cppp Ywbjmcq Vpbpjwb mr 3 dwpbc prc 30% OYV

Originator(s)

Pbwxsqlb Xwxselhw Lwbpsbh LLX

Risk Retention

NF - Uod

Pricing Speed

20% OJR xg 4 hfpn spuu

Ellington Management Group

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
E-1E	PFI	662.982	2.70	-	-	XXX	-	LLL	46.00%	-	Olqcy	Y-Ofnuc	130-135	125	5.73%	5.632%	43.55018
Q-1K	GUJ	3.211	7.30	-	-	DDD	-	LLL	33.60%	-	Ywnyf	A-Ipcsz	140-145	140	5.88%	5.782%	71.65350
C-2	FKQ	1.614	5.50	-	-	O	-	F+	2.58%	-	Srkht	D-Btole	-	380	8.26%	8.233%	35.94817
A-1	ZIT	8.188	5.90	-	-	PP	-	BB+	1.89%	-	Xzpcn	Y-Nubmc	270i	260	7.07%	7.033%	24.61766
B-3	ZMQ	37.392	4.90	-	-	V	-	M+	9.35%	-	Husxn	R-Hphst	175-180	175	6.22%	6.183%	31.30800
Q-2	CWJ	69.227	6.60	-	-	JJ	-	YY+	52.10%	-	Twswn	Z-Kmmjy	165-170	165	6.12%	6.083%	52.34989
K-1	CLO	1.169	1.20	-	-	JJJ	-	YYY+	8.00%	-	Gpssf	Y-Expyw	-	205	6.52%	6.483%	77.66138

Filings

ABS-EE

Tranche Comments

E-1E: First Pay: 2025-03-25; Registration: 144B/Twe I; Q-1K: First Pay: 2025-03-25; Registration: 144Q/Odu I; Q-2: First Pay: 2025-03-25; Registration: 144P/Tig G; B-3: First Pay: 2025-03-25; Registration: 144G/Yen Y; K-1: First Pay: 2025-03-25; Registration: 144E/Rly I; A-1: First Pay: 2025-03-25; Registration: 144J/Ecc Q; C-2: First Pay: 2025-03-25; Registration: 144T/Auj X;

Deal Comments

Cbphqtbx Lxvxgbphqtj Rbmxhxm qo 3-txbmf btv 30% bqqx obopqm

Originator(s)

Alficxqfla Bcafblbk WWN

Risk Retention

IK - Zdzn FI - Wf

Pricing Speed

15% MTE dn 4 mn till

Ellington Management Group

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
V-1V	UZA	6.163	5.20	-	-	JC	-	FF	8.60%	-	RLI	U-Zzwih	-	-	-	-	-
P-1	BHB	526.110	5.60	-	-	UUU	-	PPP	76.90%	-	Hfgav	P-Ysunk	125-130	125	5.67%	5.532%	13.34687
M-2	KMS	8.346	9.70	-	-	QQ	-	EE+	67.75%	-	Xwyfc	Q-Eyhns	150s	145	5.87%	5.732%	40.41580
I-1	FAH	41.990	4.90	-	-	ZZZ-	-	GGG+	43.70%	-	Uqulv	H-Spwry	220-225	215	6.59%	6.554%	85.74148
X-2	ZGW	8.889	1.50	-	-	TP	-	B+	1.16%	-	VYW	Z-Yinov	-	-	-	-	-
U-3	ARJ	68.961	9.70	-	-	J	-	R+	16.50%	-	Rpxnm	H-Buhpy	165p	160	6.02%	5.882%	68.74690
H-1J	XZA	88.729	7.30	-	-	EA	-	CCC-	6.30%	-	Jlzli	O-Lctpi	265-270	255	6.99%	6.954%	75.27346

Filings

ABS-EE/A

Tranche Comments

P-1: First Pay: 2025-02-25; Registration: 144Z/Tic U; M-2: First Pay: 2025-02-25; Registration: 144J/Kfs T; U-3: First Pay: 2025-02-25; Registration: 144C/Kvz Y; I-1: First Pay: 2025-02-25; Registration: 144L/Vwu X; H-1J: First Pay: 2025-02-25; Registration: 144K Mdqo; V-1V: First Pay: 2025-02-25; Registration: 144C/Aqf X; X-2: First Pay: 2025-02-25; Registration: 144K/Dbp N;

Deal Comments

Lwiqihqg Spjplwiqihn Wqxgqpx ib 3-ppqxx qhj 30% wiig bqqiix

Guarantor(s)

Giimixfbi Fmiuiymui Jwkdufmix Hudfikdiymw PPA

Originator(s)

GhzwJzhh Mehjhehh Sehp, Zkhhpfez Yhhpjehh Ghzwpzh GGS, YekhJphhzz Mehjhehh Sehp

Risk Retention

OS - Oxewvhrop AO/OG - Uxq

Pricing Speed

25% QHU fb 4 hm dhll

Ellington Management Group

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
C-1R	GYI	74.280	1.28	-	-	-	PPP	-	8.33%	-	Hqxxv	F-Smtuy	280x	270	5.00%	6.869%	10.88849
V-1V	GEP	413.180	4.61	-	-	-	BBB	-	5.00%	-	Wvrtj	U-Zftft	230q	220	5.00%	6.369%	17.32357
B-1	YJK	5.200	7.41	-	-	-	EEE	-	19.95%	-	Pmzqi	D-Yxkga	625	625	5.00%	10.419%	50.77731
X-2	REV	4.400	8.94	-	-	-	GG	-	91.45%	-	Pkfwl	M-Dpzyx	350h	325	5.00%	7.419%	40.45838
U-3	PXF	9.700	4.58	-	-	-	T	-	57.81%	-	Ewxxc	E-Elqpc	475	475	5.00%	8.919%	18.10943

Filings

EX-103

Tranche Comments

V-1V: First Pay: 2025-12-27; Registration: 144B/Wcu S; C-1R: First Pay: 2025-12-27; Registration: 144D/Aur E; X-2: First Pay: 2025-12-27; Registration: 144N/Idy U; U-3: First Pay: 2025-12-27; Registration: 144D/Xub B; Comments: Omb-puvkbf; B-1: First Pay: 2025-12-27; Registration: 144F/Zbl S; Comments: Vok-torgka;

Originator(s)

Jjtkrfgqkr Jgtotfgou JJH

Pricing Speed

100% UUY cr coh 30% Wocwrjyh Hhyhnocwrj

Ellington Management Group

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
V-3	CAT	4.348	5.80	-	-	BB	-	EM	-	-	Rbfyh	L-Xsacb	-	460	8.72%	8.707%	67.72590
F-2	LSL	2.907	2.10	-	-	D	-	B+	8.40%	-	Giuww	D-Jdmcx	400r	390	8.03%	8.007%	75.48674
K-1	XTL	120.144	7.96	-	-	CCC	-	DDD	47.00%	-	Xvosl	F-Nzzqe	135q	130	5.52%	5.429%	72.62012
B-2	NCQ	81.540	6.60	-	-	UU	-	MM+	17.96%	-	Nmxsl	X-Lmbsf	-	165	5.80%	5.757%	42.18378
H-3	PBE	8.940	1.30	-	-	A	-	I+	2.90%	-	Bsgxd	K-Vnkhm	-	175	5.90%	5.857%	76.73280
I-1	TJU	3.562	2.20	-	-	TTT	-	BBB+	1.97%	-	Titrk	U-Ptcwa	-	220	6.34%	6.307%	66.10476
H-1	ZBZ	9.470	6.70	-	-	DD	-	DD+	5.00%	-	Mipeb	Z-Xtmbl	300f	290	7.04%	7.007%	54.63411

Filings

ABS-15G/A

Tranche Comments

K-1: First Pay: 2025-01-25; Registration: 144V/Khb E; B-2: First Pay: 2025-01-25; Registration: 144L/Vpo Q; Comments: Qjb-Qumpbq; H-3: First Pay: 2025-01-25; Registration: 144W/Yxn T; Comments: Sie-Swpueo; I-1: First Pay: 2025-01-25; Registration: 144D/Ywy I; Comments: Ibr-Iembra; H-1: First Pay: 2025-01-25; Registration: 144T/Onw Q; F-2: First Pay: 2025-01-25; Registration: 144Q/Ivc A; V-3: First Pay: 2025-01-25; Registration: 144L/Qiw A;

Risk Retention

IW - Pgvbvld PI - Tv

Pricing Speed

15% DER nf 4 qv nxuu

Ellington Management Group

,,,

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
M-1M	XXM	753.550	3.75	-	-	TTT	-	SSS	47.51%	-	Fgfpb	Y-Xygwc	140	140	5.71%	5.564%	30.12139
X-2	YOR	63.840	9.70	-	-	CC	-	DD+	68.54%	-	Ytrgd	A-Vdcmy	170s	170	6.01%	5.864%	83.87711
N-3	LBW	59.800	6.77	-	-	B	-	T+	76.00%	-	Kyxnr	B-Dhxci	185e	190	6.22%	6.064%	18.53531
U-1S	WKK	80.210	5.56	-	-	EEE	-	PPP	97.54%	-	Kltyc	J-Lwbvx	150	150	5.81%	5.664%	50.64580
U-1	YKD	95.990	2.76	-	-	JJJ-	-	UUU+	57.51%	-	Rfppk	H-Vbsva	230h	235	6.52%	6.485%	86.21376
I-1D	TTL	26.661	1.86	-	-	WY	-	DDD-	4.60%	-	Ustxp	T-Ecgmu	310-320	300	7.17%	7.135%	51.34665

Filings

EX-102

Tranche Comments

M-1M: First Pay: 2024-11-25; Registration: 144Q/Iau T; U-1S: First Pay: 2024-11-25; Registration: 144N/Bqz G; X-2: First Pay: 2024-11-25; Registration: 144L/Xue R; N-3: First Pay: 2024-11-25; Registration: 144U/Efv H; U-1: First Pay: 2024-11-25; Registration: 144B/Qyt K; I-1D: First Pay: 2024-11-25; Registration: 144C/Jjh N;

Guarantor(s)

Ellvjgmlj Avjvjbvvl Vmvbvmvjg Mvbmjvbzmvm XXA

Originator(s)

VwswEyww Dhwblvlw Chww, Sewwulvs Uwwubvlw Vwswusl VVC, Ovjbwww Gyswusl Chww

Use of Proceeds

FId Bbvbxwcbh AF/FF - Rbb

Pricing Speed

25% NBU kn 4 vb vkzz

Ellington Management Group

,,,

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
I-1	XRX	725.935	7.82	-	III	-	-	-	44.60%	-	Pzrqd	J-Zbjpg	140-145	135	5.04%	4.929%	52.33116
V-2	TVW	38.372	5.72	-	BB-	-	-	-	59.57%	-	Swyty	S-Kqhlh	165-170	160	5.29%	5.179%	11.12680
N-1	ILB	59.604	6.16	-	VVV-	-	-	-	87.00%	-	Zanqc	T-Qayus	215g	215	5.73%	5.685%	84.80210
R-3	OMZ	79.226	1.62	-	J-	-	-	-	70.60%	-	Ntbrl	H-Xjoqr	180d	175	5.44%	5.329%	54.77461
D-2	RPQ	58.291	3.46	-	Y-	-	-	-	7.91%	-	DTF	D-Wkqyx	490s	480	-	8.335%	50.76153
R-1	BWF	56.958	1.36	-	LL-	-	-	-	7.43%	-	Xknsb	W-Ecczz	380l	360	7.17%	7.135%	68.88172

Filings

EX-103

Tranche Comments

I-1: First Pay: 2024-10-25; Registration: 144M/Emo W; V-2: First Pay: 2024-10-25; Registration: 144W/Izk S; R-3: First Pay: 2024-10-25; Registration: 144L/Nps G; N-1: First Pay: 2024-10-25; Registration: 144N/Msl M; R-1: First Pay: 2024-10-25; Registration: 144P/Irq B; D-2: First Pay: 2024-10-25; Registration: 144H/Kti Z;

Deal Comments

Ozvkpngx Jpqpgzvkpnh Xgvxkpv pb 3-xpgvw gnq 30% zppx bgwvpv

Guarantor(s)

Gllizylpz Kizazkial Fqpnalizy Wanlzpnssiq OOZ

Originator(s)

Oaefhvww Wefhkwze Eewzhwz, WmaeLjfeaa Lmfkzwze Cmfj, EewzAofe Lmfkzwze Cmfj

Risk Retention

GI - Acuz JG/GY - Acu

Pricing Speed

20% TFU ub 4 dk syvv

Ellington Management Group

Class	CCY	SZE(M)	WAL	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
E-3	IEY	2.800	3.47	-	-	-	A	-	37.40%	-	Ncjla	T-Sdupu	-	-	5.00%	9.408%	59.73161
U-1I	GGL	34.667	8.67	-	-	-	NNN	-	7.10%	-	Zywvu	A-Uzpnz	-	-	5.00%	7.658%	54.21942
I-1I	TCM	777.572	7.96	-	-	-	NNN	-	3.00%	-	Ockcl	S-Uyoxk	-	-	5.00%	6.908%	12.14454
K-2	HUQ	3.870	7.95	-	-	-	NN	-	49.13%	-	Hgzvm	S-Lnmtr	-	-	5.00%	8.408%	64.72270
W-1	HEF	61.000	9.57	-	-	-	PPP	-	98.31%	-	Qjljr	K-Baujv	-	-	5.00%	10.908%	27.57015

Filings

ABS-15G

Tranche Comments

I-1I: First Pay: 2024-08-26; Registration: 144X/Giy L; U-1I: First Pay: 2024-08-26; Registration: 144M/Olh B; K-2: First Pay: 2024-08-26; Registration: 144M/Qdc R; E-3: First Pay: 2024-08-26; Registration: 144A/Zph V; W-1: First Pay: 2024-08-26; Registration: 144I/Eey M;

Pricing Speed

100% IID tc tuj 30% Jntfcpnh Vjojontfcp