Ready Capital Corp

RC broke decisively below its consolidation support in a Stage 4 downtrend, with the price extending below the declining EMAs in an oversold context. While the medium- and long-term biases remain bearish, short-term extension risks a bounce. We recommend deferring additional sell execution until rallies into the 9/21 EMA and 50 SMA resistance zone.

• ↑$1.4B raised from loan sales/liquidations cuts nonperforming loans sharply.
• ↑Expanding SBA small‐business lending targets higher returns.
• ↓Nonperforming loans surged to 14.8% of portfolio, asset quality worsening.