| Name | State of Incorporation or Organization | |||||||
| EARN CMO LLC | Delaware | |||||||
| EARN Corporate Holdings Ltd. | Cayman Islands | |||||||
| EARN Mortgage LLC | Delaware | |||||||
| EARN Securities LLC | Delaware | |||||||
| Ellington Residential Mortgage LP | Delaware | |||||||
| EARN TRS LLC | Delaware | |||||||
| EARN OP GP LLC | Delaware | |||||||
| EARN Cayman Ltd. | Cayman Islands | |||||||
| EARN Cayman NQ Ltd. | Cayman Islands | |||||||