United States securities and exchange commission logo

                     July 31, 2023

       JR Herlihy
       Chief Financial Officer
       Ellington Financial Inc.
       53 Forest Avenue
       Old Greenwich, CT 06870

                                                        Re: Ellington Financial
                                                            Form 10-K for the
Fiscal Year Ending December 31, 2022
                                                            Filed March 1, 2023
                                                            File No. 001-34569

       Dear JR Herlihy:

              We have completed our review of your filing. We remind you that
the company and its
       management are responsible for the accuracy and adequacy of their
disclosures, notwithstanding
       any review, comments, action or absence of action by the staff.


                     Division of Corporation Finance

                     Office of Real Estate & Construction