Residential Mortgage Banking Overview
SBC Lending and Acquisitions
READY CAPITAL.
PRODUCT TYPE
LOAN
COUNT(1)
UPB
BOOK
VALUE(2)
WALTV(6)
WA
COUPON
60+ Days
FIXED/FLOAT(3)
Past Due
2,162
$10.0B
$9.9B
64.9%
9.0%
21.1/78.9%
5.4%
FIXED RATE (4)
238
$1.05B
$1.05B
60.2%
5.1%
98.7/1.3%
2.6%
BRIDGE
539
$7.09B
$7.05B
68.1%
9.2%
0.6/99.4%
2.9%
CONSTRUCTION (RC ORIGINATED)
4
$12M
$11M
38.6%
8.5%
61.0/39.0%
0.0%
MOSAIC ACQUIRED ASSETS
8
$628M
$625M
67.1%
13.5%
32.8/67.2%
8.6%
BROADMARK ACQUIRED ASSETS
128
$697M
$671M
58.5%
10.1%
89.9/10.1%
34.3%
OTHER (5)
1,245
$491M
$487M
36.3%
6.5%
37.6 / 62.4%
2.5%
2,162
$10.0B
$9.9B
64.9%
9.0%
21.1/78.9%
5.4%
ORIGINATED
798
$8.20B
$8.16B
67.0%
8.7%
13.2/86.8%
2.9%
ACQUIRED
1,364
$1.77B
$1.73B
55.4%
10.6%
57.0/43.0%
17.1%
GEOGRAPHY
PROPERTY TYPE
1. Excludes joint venture investments
2. Gross of general reserves
3. 73% of fixed rate loans match funded
12%
5%
5%
SBC Lending
9%
and
Acquisitions 69%
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■ Multi-family
■ Mixed-use
■ Retail ■ Office
Other Investments
4. Includes originated SBC floating rate loans that are included in our RCMT securitization and therefore, categorized as Fixed/CMBS
5. Loans with the "Other" classification are generally SBC acquired loans that have nonconforming characteristics for the Fixed rate, Bridge, Construction, or Mosaic acquired categories
13
6. Loan-to-value (LTV) is calculated by dividing the current unpaid principal balance by the most recent collateral value received. The most recent value for performing loans is often the third-party
as-is valuation utilized during the original underwriting processView entire presentation