Residential Mortgage Banking Overview

Debt Leverage - Leverage Debt Balance Ratio PPPLF $76 <0.1x Securitized Debt Obligations $5,264 2.0x Non-Recourse Secured Borrowings • READY CAPITAL. Total leverage of 3.4x Recourse leverage ratio of 0.9x Majority of secured borrowings subject to non-recourse or limited recourse terms Recourse Leverage by Reporting Segment (1) ($ in millions) $1,500 $1,000 $1,063 $1,130 0.4x 4.0 3.0 $1,109 2.0x 2.0 Recourse $500 Secured $1,255 0.5x 1.0 0.6x 0.4x Borrowings 0.3x $210 $84 $0 0.0 Corporate Debt SBC SBL Residential Corporate $1,109 0.4x Debt Recourse Leverage 28 1. Recourse leverage by reporting segment is based on the segment recourse debt balance over invested equity in the segment and excludes guaranteed loan financings

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