Ellington Financial Inc. Completes $259.3 Million Non-QM Loan Securitization
“We are very pleased with the execution of this securitization of non-QM loans, especially given the challenges of the past few months,” said JR Herlihy, Chief Financial Officer of the Company. “The recent market volatility has underscored the benefit of securitizations to Ellington Financial’s financing strategy, as they provide long-term, non-mark-to-market financing, and enhance our earnings. We continue to believe that the non-QM mortgage sector will be an important and growing sector of the overall mortgage market, and that
The securitization was rated by both S&P and KBRA, with the senior tranche receiving
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LendSure 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 40 states, and operates primarily on a wholesale basis. LendSure was founded in
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