United States securities and exchange commission logo

                          April 30, 2021

       Laurence Penn
       Chief Executive Officer
       Ellington Residential Mortgage REIT
       53 Forest Avenue
       Old Greenwich, Connecticut 06870

                                                        Re: Ellington
Residential Mortgage REIT
Statement on Form S-3
                                                            Filed April 26,
                                                            File No. 333-255515

       Dear Mr. Penn:

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

               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 Ronald
(Ron) E. Alper at 202-551-3329 with any questions.


                          Division of Corporation Finance

                          Office of Real Estate & Construction
       cc:                                              Daniel LeBey