Ready Capital Corp T.RC

Primary Symbol: RC Alternate Symbol(s): RC.PR.C

Real Estate

Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans. Its segments include LMM Commercial Real Estate and Small Business Lending. The LMM Commercial Real Estate segment originates lower-to-middle-market commercial real estate (LMM) loans across the full life cycle of an LMM property including construction, bridge, stabilized and agency loan origination channels through its wholly owned subsidiary, ReadyCap Commercial, LLC. These originated loans are generally held-for-investment or placed into securitization structures. As part of this segment, it originates and services multi-family loan products under the Freddie Mac SBL program. The Small Business Lending segment acquires, originates and services owner-occupied loans guaranteed by the Small Business Administration (SBA) under its SBA Section 7(a) Program through its wholly owned subsidiary, ReadyCap Lending, LLC.

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Ready Capital Corp

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Post by nic_jordanon Feb 11, 2007 11:42am

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Post# 12209871

A Canadian "check 21" in 2008!

Hey guys, Look what I found out : https://www.cdnpay.ca/faqs/cheque_imaging_faq.asp Looks like we will have electronic compensation of checks in Canada within a year, and that some banks have already begun using it : "Implementation of the new clearing process is targeted to begin in 2008 and to be phased in over approximately a year. However, some financial institutions have already begun to introduce image-based services for their customers, and it is likely that this trend will continue in the period leading up to implementation of the new clearing process." This is excellent news for us! Banks will likely not be waiting for 2008 to buy the equipment for this. Cheers!!!

Nick