Ready Capital Corporation (RC)

US — Real Estate Sector
Peers: EARN  EFC  DX  ORC  CIM  ARR  IVR  NYMT  ARI  KREF    BRMK 

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Key Metrics & Ratings

  • symbol RC
  • Rev/Share 0.1247
  • Book/Share 12.3584
  • PB 0.3811
  • Debt/Equity 2.6445
  • CurrentRatio 0.0
  • ROIC 0.0

 

  • MktCap 763871360.0
  • FreeCF/Share 2.1786
  • PFCF 2.1228
  • PE -2.6242
  • Debt/Assets 0.5147
  • DivYield 0.2065
  • ROE -0.1358

 

  • Rating C
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 4
  • D/E Score 3

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade RC Citizens JMP Mkt Outperform Market Perform -- -- March 3, 2025
Downgrade RC B. Riley Securities Buy Neutral $12 $10 Jan. 7, 2025

News

Ready Capital Corporation Sued for Securities Law Violations - Contact The Gross Law Firm Before May 5, 2025 to Discuss Your Rights – RC
RC
Published: April 03, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Ready Capital Corporation (NYSE: RC).

Read More
image for news Ready Capital Corporation Sued for Securities Law Violations - Contact The Gross Law Firm Before May 5, 2025 to Discuss Your Rights – RC
Ready Capital Corporation Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before May 5, 2025 to Discuss Your Rights - RC
RC
Published: April 03, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / April 3, 2025 / If you suffered a loss on your Ready Capital Corporation (NYSE:RC) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ready-capital-corporation-lawsuit-submission-form?prid=140752&wire=1 or contact Joseph E. Levi, Esq.

Read More
image for news Ready Capital Corporation Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before May 5, 2025 to Discuss Your Rights - RC
Shareholders that Lost Money on Ready Capital Corporation(RC) Should Contact Levi & Korsinsky about Pending Class Action - RC
RC
Published: April 03, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / April 3, 2025 / If you suffered a loss on your Ready Capital Corporation (NYSE:RC) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ready-capital-corporation-lawsuit-submission-form?prid=140666&wire=1 or contact Joseph E. Levi, Esq.

Read More
image for news Shareholders that Lost Money on Ready Capital Corporation(RC) Should Contact Levi & Korsinsky about Pending Class Action - RC
RC FRAUD ALERT: Ready Capital 27% Stock Drop Triggers Class Action Lawsuit for Fraud – Investors are Notified to Contact BFA Law before May 5 (NYSE:RC)
RC
Published: April 03, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Ready Capital Corporation (NYSE: RC) and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Ready Capital, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/ready-capital-corporation.

Read More
image for news RC FRAUD ALERT: Ready Capital 27% Stock Drop Triggers Class Action Lawsuit for Fraud – Investors are Notified to Contact BFA Law before May 5 (NYSE:RC)
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ready Capital Corporation of Class Action Lawsuit and Upcoming Deadlines - RC
RC
Published: April 03, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Ready Capital Corporation (“Ready” or the “Company”) (NYSE: RC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ready Capital Corporation of Class Action Lawsuit and Upcoming Deadlines - RC
RC INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Reminds Investors of Ready Capital Corporation to Contact the Firm Today!
RC
Published: April 03, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / April 3, 2025 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Ready Capital Corporation ("Ready Capital" or "the Company") (NYSE:RC) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Ready Capital securities between November 7, 2024 and March 2, 2025, both dates inclusive (the "Class Period").

Read More
image for news RC INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Reminds Investors of Ready Capital Corporation to Contact the Firm Today!
Ready Capital Corporation Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - RC
RC
Published: April 03, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , April 3, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Ready Capital Corporation (NYSE: RC). Shareholders who purchased shares of RC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.

Read More
image for news Ready Capital Corporation Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - RC
Shareholders that lost money on Ready Capital Corporation (RC) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
RC
Published: April 03, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / April 3, 2025 / If you suffered a loss on your Ready Capital Corporation (NYSE:RC) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ready-capital-corporation-lawsuit-submission-form?prid=140621&wire=1 or contact Joseph E. Levi, Esq.

Read More
image for news Shareholders that lost money on Ready Capital Corporation (RC) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
Investors in Ready Capital Corporation Should Contact Levi & Korsinsky Before May 5, 2025 to Discuss Your Rights - RC
RC
Published: April 02, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / April 2, 2025 / If you suffered a loss on your Ready Capital Corporation (NYSE:RC) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ready-capital-corporation-lawsuit-submission-form?prid=140516&wire=1 or contact Joseph E. Levi, Esq.

Read More
image for news Investors in Ready Capital Corporation Should Contact Levi & Korsinsky Before May 5, 2025 to Discuss Your Rights - RC
Ready Capital Corporation (RC) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
RC
Published: April 02, 2025 by: PRNewsWire
Sentiment: Neutral

LOS ANGELES , April 2, 2025 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC) have opportunity to lead the securities fraud class action lawsuit.

Read More
image for news Ready Capital Corporation (RC) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Shareholders who lost money on Ready Capital Corporation(RC) should contact Levi & Korsinsky about pending Class Action - RC
RC
Published: April 02, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / April 2, 2025 / If you suffered a loss on your Ready Capital Corporation (NYSE:RC) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ready-capital-corporation-lawsuit-submission-form?prid=140486&wire=1 or contact Joseph E. Levi, Esq.

Read More
image for news Shareholders who lost money on Ready Capital Corporation(RC) should contact Levi & Korsinsky about pending Class Action - RC
May 5, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against RC
RC
Published: April 02, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / April 2, 2025 / If you suffered a loss on your Ready Capital Corporation (NYSE:RC) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ready-capital-corporation-lawsuit-submission-form?prid=140461&wire=1 or contact Joseph E. Levi, Esq.

Read More
image for news May 5, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against RC
Ready Capital Corporation (RC) Slashes Book Value and Dividend, Reveals CRE Problems; Securities Class Action Pending - Hagens Berman
RC
Published: April 02, 2025 by: PRNewsWire
Sentiment: Neutral

RC Investors with Losses Encouraged to Contact the Firm SAN FRANCISCO , April 2, 2025 /PRNewswire/ -- A securities class action lawsuit has been filed against Ready Capital Corporation (NYSE: RC) after the company reported dismal financial results and shed light on its true asset quality. The suit, captioned Quinn v.

Read More
image for news Ready Capital Corporation (RC) Slashes Book Value and Dividend, Reveals CRE Problems; Securities Class Action Pending - Hagens Berman
RC Investors Have Opportunity to Lead the Ready Capital Corporation Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - RC
RC
Published: April 02, 2025 by: PRNewsWire
Sentiment: Neutral

LOS ANGELES , April 2, 2025 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Ready Capital Corporation ("Ready Capital" or "the Company") (NYSE: RC) for violations of the federal securities laws. Shareholders Investors who purchased the Company's securities between November 7, 2024 and March 2, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before May 5, 2025.

Read More
image for news RC Investors Have Opportunity to Lead the Ready Capital Corporation Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - RC
RC LAWSUIT ALERT: Levi & Korsinsky Notifies Ready Capital Corporation Investors of a Class Action Lawsuit and Upcoming Deadline
RC
Published: April 01, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / April 1, 2025 / If you suffered a loss on your Ready Capital Corporation (NYSE:RC) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ready-capital-corporation-lawsuit-submission-form?prid=140234&wire=1 or contact Joseph E. Levi, Esq.

Read More
image for news RC LAWSUIT ALERT: Levi & Korsinsky Notifies Ready Capital Corporation Investors of a Class Action Lawsuit and Upcoming Deadline
ROSEN, A LONGSTANDING FIRM, Encourages Ready Capital Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – RC
RC
Published: April 01, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Ready Capital Corporation (NYSE: RC) between November 7, 2024 and March 2, 2025, both dates inclusive (the “Class Period”), of the important May 5, 2025 lead plaintiff deadline.

Read More
image for news ROSEN, A LONGSTANDING FIRM, Encourages Ready Capital Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – RC
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ready Capital Corporation of Class Action Lawsuit and Upcoming Deadlines - RC
RC
Published: April 01, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / April 1, 2025 / Pomerantz LLP announces that a class action lawsuit has been filed against Ready Capital Corporation ("Ready" or the "Company") (NYSE:RC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ready Capital Corporation of Class Action Lawsuit and Upcoming Deadlines - RC
Ready Capital Corporation Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before May 5, 2025 to Discuss Your Rights - RC
RC
Published: March 31, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / March 31, 2025 / If you suffered a loss on your Ready Capital Corporation (NYSE:RC) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ready-capital-corporation-lawsuit-submission-form?prid=140008&wire=1 or contact Joseph E. Levi, Esq.

Read More
image for news Ready Capital Corporation Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before May 5, 2025 to Discuss Your Rights - RC
Ready Capital Corporation Sued for Securities Law Violations - Contact The Gross Law Firm Before May 5, 2025 to Discuss Your Rights – RC
RC
Published: March 31, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Ready Capital Corporation (NYSE: RC).

Read More
image for news Ready Capital Corporation Sued for Securities Law Violations - Contact The Gross Law Firm Before May 5, 2025 to Discuss Your Rights – RC
Shareholders that lost money on Ready Capital Corporation (RC) should contact Levi & Korsinsky about pending Class Action - RC
RC
Published: March 28, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / March 28, 2025 / If you suffered a loss on your Ready Capital Corporation (NYSE:RC) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ready-capital-corporation-lawsuit-submission-form?prid=139542&wire=1 or contact Joseph E. Levi, Esq.

Read More
image for news Shareholders that lost money on Ready Capital Corporation (RC) should contact Levi & Korsinsky about pending Class Action - RC
Ready Capital Corporation (RC) Faces Securities Class Action Over Concealing Loan Portfolio Risks – Hagens Berman
RC
Published: March 28, 2025 by: GlobeNewsWire
Sentiment: Neutral

SAN FRANCISCO, March 28, 2025 (GLOBE NEWSWIRE) -- A securities class action lawsuit has been filed against Ready Capital Corporation (NYSE: RC) after the company reported dismal financial results and shed light on its true asset quality. The suit, captioned Quinn v. Ready Capital Corporation, et al., No. 1:25-cv-01883 (S.D.N.Y.), seeks to represent investors who purchased shares of Ready Capital between November 7, 2024 and March 2, 2025.

Read More
image for news Ready Capital Corporation (RC) Faces Securities Class Action Over Concealing Loan Portfolio Risks – Hagens Berman
Shareholders that lost money on Ready Capital Corporation(RC) should contact Levi & Korsinsky about pending Class Action - RC
RC
Published: March 28, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / March 28, 2025 / If you suffered a loss on your Ready Capital Corporation (NYSE:RC) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ready-capital-corporation-lawsuit-submission-form?prid=139515&wire=1 or contact Joseph E. Levi, Esq.

Read More
image for news Shareholders that lost money on Ready Capital Corporation(RC) should contact Levi & Korsinsky about pending Class Action - RC
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Ready Capital
RC
Published: March 28, 2025 by: PRNewsWire
Sentiment: Neutral

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Ready Capital To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in Ready Capital between November 7, 2024 and March 2, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK , March 28, 2025 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Ready Capital …

Read More
image for news INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Ready Capital
READY CAPITAL SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Ready Capital Corporation – RC
RC
Published: March 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW ORLEANS, March 27, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until May 5, 2025 to file lead plaintiff applications in a securities class action lawsuit against Ready Capital Corporation (the “Company”) (NYSE: RC), if they purchased the Company's shares between November 7, 2024 and March 2, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.

Read More
image for news READY CAPITAL SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Ready Capital Corporation – RC
ROSEN, NATIONAL TRIAL LAWYERS, Encourages Ready Capital Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - RC
RC
Published: March 27, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / March 27, 2025 / WHY: New York, N.Y., March 27, 2025.

Read More
image for news ROSEN, NATIONAL TRIAL LAWYERS, Encourages Ready Capital Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - RC
Waterfall Asset Management Appoints Keerthi Raghavan as Co-Chief Investment Officer
RC
Published: March 27, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , March 27, 2025 /PRNewswire/ -- Waterfall Asset Management, LLC ("Waterfall" or the "Firm"), a global alternative investment adviser, today announced that Keerthi Raghavan has been appointed Co-Chief Investment Officer ("Co-CIO"). In this role, Keerthi, and current Co-CIO Brian Rebello, will oversee and direct all investment activity at the firm.

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image for news Waterfall Asset Management Appoints Keerthi Raghavan as Co-Chief Investment Officer
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ready Capital Corporation of Class Action Lawsuit and Upcoming Deadlines - RC
RC
Published: March 27, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / March 27, 2025 / Pomerantz LLP announces that a class action lawsuit has been filed against Ready Capital Corporation ("Ready" or the "Company") (NYSE:RC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ready Capital Corporation of Class Action Lawsuit and Upcoming Deadlines - RC
RC INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Ready Capital Corporation Shareholders Have Opportunity to Lead Class Action Lawsuit!
RC
Published: March 27, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / March 27, 2025 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Ready Capital Corporation ("Ready Capital" or "the Company") (NYSE:RC) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Ready Capital securities between November 7, 2024 and March 2, 2025, both dates inclusive (the "Class Period").

Read More
image for news RC INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Ready Capital Corporation Shareholders Have Opportunity to Lead Class Action Lawsuit!
The Gross Law Firm Reminds Ready Capital Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 - RC
RC
Published: March 27, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , March 27, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Ready Capital Corporation (NYSE: RC). Shareholders who purchased shares of RC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.

Read More
image for news The Gross Law Firm Reminds Ready Capital Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 - RC
Let's Talk Mortgage REITs (But Not For Too Long)
AGNCM, ARR, BXMT, BXSL, CHMI, CIM, CSWC, DLR, DX, EFC, FSK, GAIN, GBDC, IVR, MAIN, MFA, NLY, NYMT, ORC, PMT, RC, RITM, TSLX, TWO
Published: March 26, 2025 by: Seeking Alpha
Sentiment: Neutral

A bunch of mortgage REITs were severely overvalued. Now they are less overvalued. But some others are actually bargains. Tons of charts because images are fun. Ellington Financial's higher price-to-book ratio may be due to lower volatility in the total economic return by period. Digital Realty Trust deserves to be mocked. I am reporting for duty!

Read More
image for news Let's Talk Mortgage REITs (But Not For Too Long)

About Ready Capital Corporation (RC)

  • IPO Date 2013-02-08
  • Website https://www.readycapital.com
  • Industry REIT - Mortgage
  • CEO Mr. Thomas Edward Capasse
  • Employees 475

Ready Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment, through its subsidiary, ReadyCap Commercial, LLC, originate SBC loans secured by stabilized or transitional investor properties using various loan origination channels. The Small Business Lending segment, through its subsidiary, ReadyCap Lending, LLC, acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment, through its subsidiary, GMFS, LLC, originates residential mortgage loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.