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                          October 30, 2023

       Laurence Penn
       Chief Executive Officer
       Ellington Residential Mortgage REIT
       53 Forest Ave.
       Old Greenwich, CT 06870

                                                        Re: Ellington
Residential Mortgage REIT
                                                            Registration
Statement on Form S-3
                                                            Filed October 25,
2023
                                                            File No. 333-275162

       Dear Laurence Penn:

              This is to advise you that we have not reviewed and will not
review your registration
       statement.

               Please refer to Rules 460 and 461 regarding requests for
acceleration. 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.

                                                        Please contact Kibum
Park at 202-551-6836 with any questions.




                          Sincerely,


                          Division of Corporation Finance

                          Office of Real Estate & Construction
       cc:                                              Christopher C. Green,
Esq.