# EDGAR Filing Document

**Accession Number:** 0001599342
**File Stem:** 0001193125-25-180660
**Filing Date:** 2025-8
**Character Count:** 843512
**Document Hash:** 89ca3108ca435fd34288fd7cc66ffadb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-180660.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001193125-25-180660

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 18

**CONFORMED PERIOD OF REPORT**: 20250814

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Residential mortgages - Other/Combined

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PennyMac Corp.
- **CENTRAL INDEX KEY:** 0001599342

**ORGANIZATION NAME:**
- **EIN:** 800463416
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01521
- **FILM NUMBER:** 251217308

**BUSINESS ADDRESS:**
- **STREET 1:** 3043 TOWNSGATE ROAD
- **CITY:** WESTLAKE VILLAGE
- **STATE:** CA
- **ZIP:** 91361
- **BUSINESS PHONE:** (818) 224-7442

**MAIL ADDRESS:**
- **STREET 1:** 3043 TOWNSGATE ROAD
- **CITY:** WESTLAKE VILLAGE
- **STATE:** CA
- **ZIP:** 91361
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PennyMac Corp.
- **CENTRAL INDEX KEY:** 0001599342

**ORGANIZATION NAME:**
- **EIN:** 800463416
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 3043 TOWNSGATE ROAD
- **CITY:** WESTLAKE VILLAGE
- **STATE:** CA
- **ZIP:** 91361
- **BUSINESS PHONE:** (818) 224-7442

**MAIL ADDRESS:**
- **STREET 1:** 3043 TOWNSGATE ROAD
- **CITY:** WESTLAKE VILLAGE
- **STATE:** CA
- **ZIP:** 91361
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PennyMac Corp.
- **CENTRAL INDEX KEY:** 0001599342

**ORGANIZATION NAME:**
- **EIN:** 800463416
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01521

**BUSINESS ADDRESS:**
- **STREET 1:** 3043 TOWNSGATE ROAD
- **CITY:** WESTLAKE VILLAGE
- **STATE:** CA
- **ZIP:** 91361
- **BUSINESS PHONE:** (818) 224-7442

**MAIL ADDRESS:**
- **STREET 1:** 3043 TOWNSGATE ROAD
- **CITY:** WESTLAKE VILLAGE
- **STATE:** CA
- **ZIP:** 91361

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM ABS-15G** 

**ASSET-BACKED SECURITIZER** 

**REPORT PURSUANT TO SECTION 15G OF** 

**THE SECURITIES EXCHANGE ACT OF 1934** 

**Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:** 

☐ **Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period<u> </u> to<u> </u>** 

**Date of Report (Date of earliest event reported)** 

**Commission File Number of securitizer:** 

**Central Index Key Number of securitizer:** 

**Name and telephone number, including area code, of the person to** 

**contact in connection with this filing.** 

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of securitizer: 0001599342

## PMT Loan Trust 2025-J2
**(Exact name of issuing entity as specified in its charter)** 

Central Index Key Number of issuing entity (if applicable): Not applicable

Central Index Key Number of underwriter (if applicable): Not applicable

**Chris White** 

**(805) 530-5829** 

**Name and telephone number, including area code, of the person to** 

**contact in connection with this filing** 

------

**PART I: REPRESENTATION AND WARRANTY INFORMATION** 

**Item 1.01 Initial Filing of Rule 15Ga-1 Representations and Warranties Disclosure** 

N/A

**Item 1.02 Periodic Filing of Rule 15Ga-1 Representations and Warranties Disclosure** 

N/A

**Item 1.03 Notice of Termination of Duty to File Reports under Rule 15Ga-1** 

N/A

**PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS** 

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Sponsor** 

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibits to this Form ABS-15G. Please see the Exhibit Index for the related information.

**Item 2.02 Findings and Conclusions of a Third-Party Due Diligence Report Obtained by the Underwriter** 

N/A

------

**EXHIBIT INDEX** 

---

| | |
|:---|:---|
| 99.1 | [Clayton Services LLC ("Clayton") Due Diligence Narrative Report](d97638dex991.htm) |
| 99.2 | [Clayton Conditions Report](d97638dex992.htm) |
| 99.3 | [Clayton Rating Agency ATR QM Data Fields](d97638dex993.htm) |
| 99.4 | [Clayton Loan Level Tape Compare Upload](d97638dex994.htm) |
| 99.5 | [Clayton Valuations Summary](d97638dex995.htm) |
| 99.6 | [Consolidated Analytics, Inc. ("Consolidated Analytics") Due Diligence Executive Summary](d97638dex996.htm) |
| 99.7 | [Consolidated Analytics Exception Grades Report](d97638dex997.htm) |
| 99.8 | [Consolidated Analytics Data Compare Report](d97638dex998.htm) |
| 99.9 | [Consolidated Analytics Grading Summary Report](d97638dex999.htm) |
| 99.1 | [Consolidated Analytics ATR QM Report](d97638dex9910.htm) |
| 99.11 | [Consolidated Analytics Valuations Summary Report](d97638dex9911.htm) |

---

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| PennyMac Corp. | PennyMac Corp.<br>(Securitizer) |
| Date | August 14, 2025 |
| /s/ Daniel S. Perotti | /s/ Daniel S. Perotti<br> (Signature) |
| By: | Daniel S. Perotti |
| Title: | Senior Managing Director and Chief Financial Officer |

---

## Exhibit 99.1

**EXHIBIT 99.1** 

**CLAYTON SERVICES LLC ("CLAYTON") DUE DILIGENCE NARRATIVE REPORT** 

------

![LOGO](g97638dsp1.jpg)

![LOGO](g97638dsp001.jpg)

![LOGO](g97638dsp12.jpg)

**August 7, 2025**<br>**Due Diligence Narrative Report**<br>

------

![LOGO](g97638g02a01.jpg)

---

| | | | |
|:---|:---|:---|:---|
| **TABLE OF CONTENTS** |  |  |  |
|  **Clayton Contact Information** |  | **2** |  |
|  **Overview** |  | **2** |  |
|  **Originators** |  | **2** |  |
|  **Clayton's Third Party Review ("TPR") Scope of Work** |  | **2** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Sampling* | | *3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Sponsor Acquisition Criteria* | | *3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Loan Grading* | | *3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *TPR Component Review Scope* | | *4* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Review |  | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property Valuation Review |  | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regulatory Compliance Review |  | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Data Integrity* | | *6* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Data Capture* | | *6* | |
|  **Data Compare Results** |  | **7** |  |
|  **Clayton Due Diligence Results** |  | **8** |  |
|  **Clayton Third Party Reports Delivered** |  | **9** |  |
|  **Appendix A: Credit Review Scope** |  | **10** |  |
|  **Appendix B: Origination Appraisal Assessment** |  | **13** |  |
|  **Appendix C: Regulatory Compliance Review Scope** |  | **16** |  |

---

PMT Loan Trust 2025-J2 Page \| 1 August 7, 2025

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![LOGO](g97638g02a01.jpg)

**CLAYTON CONTACT INFORMATION** 

Client Service Management:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Chris Turk** Senior Client Service Manager

Phone: (813) 472-6509/E-mail: <u>Cturk@clayton.com</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Joe Ozment** Vice President – Client Services & Securitization

Phone: (813) 261-0733/E-mail: <u>jozment@clayton.com</u>

**OVERVIEW** 

On behalf of PennyMac Corp. ("PennyMac"), Clayton conducted an independent third-party pre-securitization due diligence review of 120 residential loans selected for the PMT Loan Trust 2025-J2 transaction. The loans referenced in this narrative report were reviewed on a bulk basis between May 2025 and August 2025. This narrative report provides information about the original lenders, the scope of work performed by Clayton, and the results of Clayton's review.

**ORIGINATORS** 

Origination channels for the loans in this review:

---

| | | |
|:---|:---|:---|
| **Origination Channel** | **Loan Count** | **Percentage** |
|  Broker | 2 | 1.67% |
|  Correspondent Flow with delegated underwriting | 118 | 98.33% |
|  **Total** | **120** | **100.00%** |

---

**CLAYTON'S THIRD PARTY REVIEW ("TPR") SCOPE OF WORK** 

The scope of work for this transaction consisted of credit, property valuation, and regulatory compliance reviews, plus a data integrity check, were performed in accordance with rating agency<sup>1</sup> loan level review standards in place as of the date of the review. This is referred to as a "Full Review."

<sup>1</sup> Standard and Poor's, Moody's, Fitch, Kroll, DBRS & Morningstar

PMT Loan Trust 2025-J2 Page \| 2 August 7, 2025

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![LOGO](g97638g02a01.jpg)

**SAMPLING** 

Upon receipt of Asset Tape, Diligence provider randomly selected 120 Purchased Mortgage loans listed thereon, excluding Wet Loans. 100% of the loans received a Full Review as described below.

Review Type Loan Counts:

---

| | | |
|:---|:---|:---|
| *Review Type* | *Loan Count*<br> *Reviewed by Clayton* | *Scope Applied* |
| **Full Review** | 120 | Clayton performed a Full Review based on the scope described below in the section titled "TPR Component Review Scope". |
| **Total Loan Population** | 120 |  |

---

**SPONSOR ACQUISITION CRITERIA** 

The loans were originated to each Seller's Guidelines and Clayton reviewed the loans to the Agency Seller Guide Loan Eligibility Requirements, ("Sponsor Acquisition Criteria"). Clayton was supplied with all of the changes to the guidelines with advance notice.

**LOAN GRADING** 

Each loan received an "initial" and a "final" grade. The "initial" grade was assigned during the initial loan review. The "final" grade takes into account additional information and supporting documentation that may have been provided by the originators to clear outstanding conditions. Clayton is providing a comprehensive loan-level analysis as part of this pre-securitization reporting package that includes initial grades, final grades and detailed commentary on the rationale for any changes in grades, and sets forth waivers. The compliance exception report lists all exceptions within a loan.

Clayton's loan grading complied with the following rating agency grading definitions published by Moody's, Standard and Poor's, Fitch, Kroll and DBRS:

![LOGO](g97638dsp004.jpg)

PMT Loan Trust 2025-J2 Page \| 3 August 7, 2025

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![LOGO](g97638g02a01.jpg)

**TPR COMPONENT REVIEW SCOPE** 

Clayton examined the selected loan files with respect to the presence or absence of relevant documents, enforceability of mortgage loan documents, and accuracy and completeness of data fields. Clayton relied on the accuracy of information contained in loan documentation provided to Clayton.

CREDIT REVIEW

Clayton's Credit scope of review conducted on this transaction included the following elements (for more detail, please refer to Appendix A and to the guidelines cited above):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Assessed whether the characteristics of the mortgage loans and the borrowers conformed to the Sponsor Acquisition
Criteria cited above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Re-calculated LTV, CLTV, income, liabilities, and debt-to-income ratios (DTI) and compared these against the Sponsor Acquisition Criteria;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Analyzed asset statements in order to determine whether funds to close and reserves were within Sponsor
Acquisition Criteria;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Confirmed that credit scores (FICO) and credit histories were within Sponsor Acquisition Criteria;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluated evidence of borrower's willingness and ability to repay the obligation;

PROPERTY VALUATION REVIEW

Clayton's Property Valuation scope of review conducted on this transaction included the following elements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Original Appraisal Assessment (120 loans)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Clayton reviewed the original appraisal provided to determine whether the original appraisal was complete,
thorough and the original appraised value was reasonably supported.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For more detail on the original appraisal review scope and desk review definitions, please refer to Appendix B
and to the guidelines cited above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Value Supported Analysis (120 loans)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Clayton applied a cascade methodology to determine if the original appraised value was reasonably supported when
compared to an independent third party valuation product. Loans were held to a -10% tolerance utilizing the following waterfall;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• CU/LCA Score of 2.5 or below

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Automated Valuation Model/Desk Review/BPO

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Field Review/2055 Drive-by

For further detail please refer to the PMTLT 2025-J2 Valuations Summary Report

REGULATORY COMPLIANCE REVIEW

Clayton's Regulatory Compliance scope of review conducted on this transaction included the elements summarized below. (For more detail, please refer to Appendix C and to the guidelines cited above.)

PMT Loan Trust 2025-J2 Page \| 4 August 7, 2025

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![LOGO](g97638g02a01.jpg)

Clayton utilized its proprietary eCLAS engine for regulatory compliance testing.

The scope of the compliance review performed is summarized below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tested for certain applicable federal, state and local high cost and/or anti-predatory laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Assessed compliance with state specific consumer protection laws by testing late charge and prepayment penalty
provisions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Truth-in-lending/regulation Z
(TILA) testing included the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Notice of Right to Cancel (Right of Rescission) adherence if applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• TIL Disclosure Timing (3/7/3) and disclosure content;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• TIL APR and Finance charge tolerances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Timeliness of ARM Disclosures (if applicable);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Section 32 APR and Points and Fees Thresholds and prohibited practices;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Section 35 Higher Priced Mortgage Loans thresholds and applicable escrow and appraisal requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Prohibited Acts or Practices including Loan Originator compensation rules, NMLSR ID on documents, financing
Credit Insurance, mandatory arbitration clauses, and NegAm Counseling;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reviewed ATR/QM Ability to Repay (a/k/a Minimum Standards for Transactions): for applications on or after
1/10/2014. Clayton confirmed the loan files contain documentation to evidence the lender considered and verified the borrower's ability to Repay. This included identifying whether QM loans met agency exemptions or were underwritten in
accordance with Appendix Q. Non-QM loans were reviewed to ensure the lender documented that they considered and verified the eight (8) underwriting factors required for ATR compliance in accordance with
either their guidelines or the Sponsor Acquisition Criteria;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The ATR/QM Rules allow the lender to exclude up to two discount points from the 3% points and fees evaluation
depending on the loan's undiscounted interest rate in relation to the APOR index rate. The ATR/QM Rule does not set the required rate reduction per discount point.

Clayton evaluated the lender's exclusion of discount points from the 3% points and fees calculation for all loans in this transaction using a [0.2%] rate reduction threshold per discount point.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Prepayment Penalty restrictions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• TRID: on applicable loans, test compliance with the Integrated Mortgage Disclosure rules under the Real Estate
Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z) defined under the Dodd-Frank Wall Street Reform and Consumer Protection Act as promulgated by the Consumer Financial Protection Bureau.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Real Estate Settlement Procedures Act (RESPA) laws and regulations testing included:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GFE initial disclosure timing and content;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Confirmed the file contains the final HUD1 Settlement Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GFE to HUD1 evaluation for 0% and 10% fee tolerances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Homeownership Counseling Notice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Affiliated Business Disclosure if applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• OF NOTE: As of October 3, 2015 ("TRID Effective Date"), Clayton commenced testing applicable
loans subject to the TRID Effective date against a TRID scope of review that was based on outside counsel's interpretations of the published regulations as of the TRID Effective Date. Clayton's scope was commercially reasonable as it
relates to a Third Party Review ("TPR") firm's role as TPR conducting an independent third-party pre-securitization due diligence review ("Initial TRID Scope"). The Initial TRID
Scope was created with guidance from outside counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• On, June 15th, SFIG published its RMBS 3.0 TRID Compliance Review Scope <sup>©</sup> documentation, developed under the leadership of members from Third Party Review ("TPR") firms across the industry and SFIG's RMBS 3.0 Due Diligence, Data and Disclosure
Working Group. The RMBS 3.0 TRID Compliance Review Scope was created with an aim to facilitate a uniform testing and risk identification standard as it would apply to an assignee, as a result of a consistent Truth-In-Lending Act liability interpretation according to the understanding of prevailing legal precedent and informal written guidance and webinars offered by the CFPB, as it applies to the Know Before You
Owe / Truth In Lending Act ("TILA) – Real Estate Settlement Procedures Act ("RESPA") Integrated Disclosure ("TRID") Rule (78

PMT Loan Trust 2025-J2 Page \| 5 August 7, 2025

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![LOGO](g97638g02a01.jpg)

FR 79730, as amended). RMBS 3.0 TRID Compliance Review Scope may be formally amended by the SFIG RMBS 3.0 Due Diligence, Data and Disclosure Working Group as clarifying regulations may be promulgated on a go forward basis, as well as any binding judicial interpretations of the underlying law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Clayton applied the enhanced RMBS 3.0 TRID Compliance Review Scope to all the loans in this transaction.

<u>Compliance Review (Business Purpose, Non-Owner Occupied)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-Owner Occupied Scope: Most consumer protection laws are designed to
afford protection to borrowers who are entering into a loan that will be secured by their residence. For most high cost and higher-priced laws, as well as rescission, the only loans covered by the law are loans secured by the
borrower's (or in the case of rescission a title holder's) principal residence. Most other consumer protection laws extend to a borrower's secondary residence, which under TILA and RESPA is a residence that they occupy at
least 2 weeks during the year. Further, if the loan is for a business purpose it is often excluded from consumer protection laws regardless of occupancy, including TILA (whereas if it is secured by non-owner occupied but for a personal, family or household purpose it is more likely to be covered).

Therefore, the list of laws that Clayton tests that apply to a loan secured by non-owner occupied property for a business purpose is limited. Regulatory Compliance testing of Business Purpose Loans consists of the following:

State and Federal High Cost and Higher-Priced:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Cook County High Cost Ordinance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Chicago High Cost Ordinance

Clayton currently tests the Chicago and Cook County ordinances due to vague language around loans for a business purpose not related to the property. While the state of Illinois has similar language, Clayton's audit law firm determined that only principal residences should be tested for IL high cost.

Anti-predatory lending laws

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Virginia Lender and Broker Act after 6/1/2008

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Minnesota §58 on or after 8/1/2008

Prepayment Penalties and Late Charges in certain states

National Flood Insurance Program for 1-4 unit residential properties (Transaction Date on or after 1/1/2016 for regulated lenders)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sufficiency of coverage

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Escrow of insurance payments

**DATA INTEGRITY** 

Clayton utilized its proprietary eCLAS tool to determine tape to file accuracy of each reviewed loan, by completing the following steps:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tape data received from lender/client is stored in eCLAS;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loan Reviewer collects validated loan data in eCLAS;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each received data point is compared to its counterpart collected data point;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Discrepancies found during comparison are stored.

**DATA CAPTURE** 

Clayton collected data fields required to create American Securitization Forum ("ASF") data tape. The file format was provided as part of the pre-securitization reporting package. Additionally, Clayton captured rating agency required data points relating to ATR/QM determination, which is provided in the reporting package.

PMT Loan Trust 2025-J2 Page \| 6 August 7, 2025

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![LOGO](g97638g02a01.jpg)

**DATA COMPARE RESULTS** 

Clayton provided PennyMac with a copy of the Loan Level Tape Compare Upload which shows the differences between the data received by the sellers versus the data captured by Clayton during the loan review.

Summary of data compare results:

---

| | | |
|:---|:---|:---|
| **Field Name** | **#** | **Accuracy %** |
|  AUS Grade Audit | 7 | 94.17% |
|  Borrower 1 Self Employed Flag | 2 | 98.33% |
|  Borrower 1 Total Income | 3 | 97.50% |
|  Borrower 2 Self Employed Flag | 2 | 98.33% |
|  Cash Reserves | 89 | 25.83% |
|  Combined LTV | 7 | 94.17% |
|  Credit Report Date | 7 | 94.17% |
|  Debt to Income Ratio (Back) | 6 | 95.00% |
|  Disbursement Date | 5 | 95.83% |
|  Loan Purpose | 1 | 99.17% |
|  Original Appraisal Date | 1 | 99.17% |
|  Original LTV | 6 | 95.00% |
|  Origination Channel | 2 | 98.33% |
|  Product Type | 4 | 96.67% |
|  Property City | 1 | 99.17% |
|  Property Type | 2 | 98.33% |
|  Sales Price | 3 | 97.50% |
|  Total Cash Out | 2 | 98.33% |
|  Total Monthly Income | 2 | 98.33% |

---

PMT Loan Trust 2025-J2 Page \| 7 August 7, 2025

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![LOGO](g97638g02a01.jpg)

**CLAYTON DUE DILIGENCE RESULTS** 

Below are the initial and final overall loan grades for this review, as well as the credit, property valuation, and regulatory compliance component review grades.

**Initial and Final Overall Loan Grade Results** 

<u>Loan Pool (120 loans)</u>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** |
|  | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** |  | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 64 |  | 9 | 17 | **90** |
| **Final** | **B** |  | 20 | 3 | 7 | **30** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **64** | **20** | **12** | **24** | **120** |

---

The overall grade summary reflects the combination of the credit, property valuation and regulatory compliance component reviews into one overall grade. The overall grade assigned is the most severe grade from each of the component reviews.

**Initial and Final Credit Component Grade Results** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Credit Grade Migration** | **Credit Grade Migration** | **Credit Grade Migration** | **Credit Grade Migration** | **Credit Grade Migration** | **Credit Grade Migration** |
|  | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** |  | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 104 |  | 6 | 10 | **120** |
| **Final** | **B** |  |  |  |  | **0** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **104** | **0** | **6** | **10** | **120** |

---

**Initial and Final Property Valuation Grade Results** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** |
|  | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** |  | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 102 |  | 1 | 17 | **120** |
| **Final** | **B** |  |  |  |  | **0** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **102** | **0** | **1** | **17** | **120** |

---

**Initial and Final Regulatory Compliance Grade Results** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Compliance Grade Migration** | **Compliance Grade Migration** | **Compliance Grade Migration** | **Compliance Grade Migration** | **Compliance Grade Migration** | **Compliance Grade Migration** |
|  | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** |  | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 84 |  | 3 | 3 | **90** |
| **Final** | **B** |  | 25 | 5 |  | **30** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **84** | **25** | **8** | **3** | **120** |

---

PMT Loan Trust 2025-J2 Page \| 8 August 7, 2025

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![LOGO](g97638g02a01.jpg)

**CLAYTON THIRD PARTY REPORTS DELIVERED** 

Clayton furnished the following reports on this transaction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. ASF Report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. ATR QM Upload

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Conditions Report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. RA ATR QM Data Fields

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Standard Upload

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Tape Compare

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Valuations Summary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Waived Conditions Summary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Narrative Report

PMT Loan Trust 2025-J2 Page \| 9 August 7, 2025

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![LOGO](g97638g02a01.jpg)

**APPENDIX A: CREDIT REVIEW SCOPE** 

For each mortgage loan, Clayton performed a guideline review utilizing specific guidelines furnished at the time of the review.

A. Verified that the characteristics of the mortgage loan and borrower conformed to the Sponsor Acquisition
Criteria requirements including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• DTI

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• LTV/TLTV/HLTV

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit score

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income and employment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Assets and reserves

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Property type and use eligibility; and if the property type was a condominium or cooperative, assessed project
adherence

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Borrower eligibility, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Citizenship status

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non- occupant co-borrower

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transaction eligibility, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Maximum loan amount

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loan purpose

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Occupancy

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Noted any approved exceptions or waivers by the originator and/or aggregator to guidelines; verified that
approved exceptions included required, documented compensating factors

B. As part of the guideline review, Clayton performed a credit analysis during which various documents were
examined, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Uniform Residential Loan Application reviewed to determine:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Initial loan application was in the loan file and was signed by all borrowers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Final loan application was in the loan file and was complete

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Information and debts disclosed on loan application aligned with related documentation in the loan file

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Employment analyzed and verified through use of various documents, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income documentation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Verbal and/or written verifications of employments (VVOE, VOE)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• CPA letter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Business licenses

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tax transcripts (IRS Form 4506-T)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other documentation in loan file

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income review included:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Required income documentation for all borrowers was present and within required time period

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Documents did not appear to have been altered or inconsistent

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• IRS Form 4506-T

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Signed by all borrowers and processed by the originator

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Compared IRS tax transcripts to income documentation and noted any inconsistencies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income was recalculated and was documented with applicable documentation, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tax returns

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Financial statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Paystubs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• W-2s

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 1099

PMT Loan Trust 2025-J2 Page \| 10 August 7, 2025

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![LOGO](g97638g02a01.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• IRS documents

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Bank statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lease agreements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Award letters

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other documentation in loan file

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Asset review included:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Asset documentation required to verify down payment, closing costs, prepaid items and reserves was present and
within required timeframe, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Verification of deposits (VOD)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Depository account statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Stock or security account statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gift funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Settlements statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other evidence of conveyance and transfer of funds, if a sale of assets was involved

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other documentation in loan file

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Asset documents were reviewed to determine any large deposits and appropriate sourcing of funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Report review included:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Complete copy of report was in loan file

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Report was dated within required timeframe

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• All borrowers were included in the report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Checked any fraud alerts against related loan file documentation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Verified all disclosed mortgage debt on credit report against the loan application (under the schedule of real
estate owned) for accurate debt ratio calculation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Compared liabilities listed on the credit report against the loan application for accurate debt ratio calculation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Captured and utilized appropriate credit score for guideline review

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Title policy review included:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Title interest – determined if

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fee simple

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Leasehold estate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Appropriate vestee(s) were listed on title policy

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Amount of coverage was greater than or equal to the original principal amount of the mortgage

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Applicable title endorsements were present

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Checked for any encumbrances, encroachments and other title exceptions affecting the lien identified through the
title search; verified that each issues was addressed in the transaction

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reviewed the chain of title and duration of ownership by seller or borrower (whichever was applicable)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Captured monthly tax payments in debt ratio calculation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• HUD1 (Settlement Statement) review included:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Funds to close identified and analyzed against borrower's assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Seller contributions did not exceed maximum allowed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Subject property, seller and borrower aligned with other loan documentation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Disbursements and pay-offs included in debt ratio calculations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loan purpose confirmed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hazard/Flood insurance review included:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Verified presence of required hazard insurance and flood insurance (if required)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Confirmed that any required insurance was for the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Correct borrower

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Correct property

PMT Loan Trust 2025-J2 Page \| 11 August 7, 2025

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![LOGO](g97638g02a01.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Correct lender

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Correct loan number

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Life of loan, if flood insurance required

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Confirmed that any required insurance minimum coverage amount and policy period

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reviewed for evidence that any required insurance policy premium was paid

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Confirmed that the mortgagee clause listed the lender's name and "its successors and assigns"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Confirmed that the payment amount on any required insurance was included in the debt ratio calculation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Mortgage Insurance review included:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Determined if mortgage insurance is required

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Captured mortgage insurance name, certificate # and percentage guarantee (when required)

C. For each mortgage loan, Clayton examined the mortgage or deed of trust for evidence of recordation. In lieu of
a copy of the mortgage or deed of trust with recording information, a copy of the mortgage or deed of trust that is stamped "true and certified copy" by the escrow/settlement agent plus recording directions on closing instruction
documentation was utilized as evidence for recording.

D. For each mortgage loan, Clayton utilized the results from an independent, third-party fraud tool along with
information in the loan file to identify and address any potential misrepresentations including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Borrower identity

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Social Security inconsistencies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Borrower name variations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Occupancy

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Borrower address history

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Subject property ownership history

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Employment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Licensing – reviewed NMLS data for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Mortgage lender/originator

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loan officer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• OFAC

PMT Loan Trust 2025-J2 Page \| 12 August 7, 2025

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![LOGO](g97638g02a01.jpg)

**APPENDIX B: ORIGINATION APPRAISAL ASSESSMENT** 

For each Mortgage Loan, Clayton performed the following origination appraisal analysis:

A. Verified that the mortgage loan file contained an appraisal report and that it met the following criteria:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Appraisal report used standard GSE forms, appropriate to the property type:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FNMA 1004/FHLMC 70 – Uniform Residential Appraisal Report. Used for 1-unit properties, units in planned unit developments (detached PUDs) and condominium projects that consist solely of detached dwelling (site condominium)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FNMA 1073/FHLMC 465 – Individual Condominium Report. Used to appraise a unit in a condominium project or a
condominium unit in a PUD (attached PUD)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FNMA 1025/FHLMC 72 – Small Residential Income Property Appraisal Report. Used for all two-to-four unit residential income properties, including two-to-four unit properties in a PUD

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FNMA 2090 – Individual Cooperative Appraisal Report. Used for individual cooperative units

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FNMA 2000/FHLMC 1032 – One Unit Residential Appraisal Field Review

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FNMA 2000a/FHLMC 1072 – Two to Four Unit Residential Appraisal Field Review

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Appraisal report was reasonably complete and included:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Appraisal report form, certification, statement of limiting conditions and scope of work

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Accurate identification of the subject property

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Accurate identification of the subject loan transaction

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Accurate identification of the property type, in both land and improvements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• All required attachments including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Subject front, rear and street photos and valued features

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Subject interior photos – kitchen, all baths, main living area, updates/upgrades, deferred maintenance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Photos of all comparable sales and listings

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Location map

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Exterior sketch of property with dimensions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 1004MC Market Conditions Report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evidence that appraisal report was made "As Is" or provided satisfactory evidence of completion for
all material conditions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Appraisal date met supplied Sponsor Acquisition Criteria

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If applicable to Sponsor Acquisition Criteria requirements, a second full appraisal was furnished and met Sponsor
Acquisition Criteria

B. Performed a general credibility assessment of the results of the appraisal per Title XI of FIRREA and USPAP
based on the following criteria:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Title XI of FIRREA:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the appraisal was completed by a trainee or licensed appraiser unqualified to independently sign the report,
an appropriately licensed appraiser co-signed as a supervisory appraiser and inspected the property

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Determined that either the appraiser or supervisory appraiser was appropriately licensed by verifying the
appraiser's license included in the appraisal.

PMT Loan Trust 2025-J2 Page \| 13 August 7, 2025

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![LOGO](g97638g02a01.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reviewed for the presence of any "red flags" related to the mortgaged property that may have posed a
risk to the property or occupants

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• USPAP

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Confirmed that the appraiser developed and communicated their analysis, opinion, and conclusion to intended users
of their services in a manner that is meaningful and not misleading and that the appraisal is signed.

C. Reviewed and graded the appraisal valuation to the following criteria:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Appraised value was reasonably supported. Utilized the following review in making value supported determination:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Comps used were located reasonably close to the subject property and if not the reason was satisfactorily
explained

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Comps used were reasonably recent in transaction date and if not the reason was furnished

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Comps used were reasonably similar to the subject property and if not an explanation was supplied

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Appraised value of the subject was bracketed by the sales prices of the comps and if not the reason was furnished

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjustments were reviewed and appeared reasonable utilizing the 15% net/25% gross guideline.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Property was complete. However, if the property was not 100% complete, then any unfinished portion had no
material impact to the value, safety, soundness, structural integrity, habitability or marketability of the subject property

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Appraisal was reviewed for any indication of property or marketability issues. Utilized the following key points
in making determination:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Appraisal was made on an "As Is" basis or provides satisfactory evidence of completion of all
material conditions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Property usage was reviewed for zoning compliance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Property utilization was reviewed to determine it was "highest and best use"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Neighborhood values were reviewed to determine if declining

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Market conditions were reviewed to determine indication of possible marketability issues:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Location

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• % built up

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Growth rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Demand/supply

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Marketing time

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Predominant occupancy

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Physical condition of the property was reviewed to determine that the property condition was average or better

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Style of property was reviewed to determine if unique property

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any health and safety issues were noted and/or remediated

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Locational and/or environmental concerns adequately addressed if present

D. Property Eligibility Criteria – Clayton reviewed the property to determine that the property met the
client supplied eligibility requirements. Examples of ineligible property types may include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 3 to 4 unit owner occupied properties

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2 to 4 unit second homes

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Unwarrantable or limited review condominiums

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Manufactured or mobile homes

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Condotel units

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Unique properties

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Working farms, ranches or orchards

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Mixed-use properties

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Properties subject to existing oil or gas leases

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Properties located in Hawaii Lava Zones 1 and 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Properties exceeding Sponsor Acquisition Criteria requirements for excess acreage

PMT Loan Trust 2025-J2 Page \| 14 August 7, 2025

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E. Properties Affected by Disasters Criteria – Clayton reviewed the appraisal date against any FEMA Declared
Disaster Areas that were designated for Individual and/or Public Assistance due to a federal government disaster declaration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the appraisal date is before the FEMA Effective Date for any of the disasters listed, Clayton will specify
whether or not there has been a property inspection since the date listed, the latest inspection date, whether or not new damage has been indicated, and the amount of said damage.

F. Disclaimer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The individuals performing the aforementioned original appraisal assessment are not persons providing valuations
for purposes of the Uniform Standards of Professional Appraisal Practice ("USPAP") or necessarily licensed as appraisers under Federal or State law, and the services being performed by such persons do not constitute "appraisal
reviews" for purposes of USPAP or Federal or State law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Clayton makes no representation or warranty as to the value of any mortgaged property, notwithstanding that
Clayton may have reviewed valuation information for reasonableness

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Clayton is not an 'AMC' (appraisal management company) and therefore Clayton does not opine on the
actual value of the underlying property

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Clayton is not a 'creditor' within the meaning of ECOA or other lending laws and regulations, and
therefore Clayton will not have any communication with or responsibility to any individual consumer concerning property valuation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Clayton does not check to see if the appraiser is on the Freddie Mac exclusionary list

G. Desk Review definitions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Clear Capital "CDA" means a written retrospective analysis of an appraisal of residential real
property relating to completeness, reasonableness, and relevance. The relevant appraisal shall be provided to Clear Capital by Customer. The CDA will offer an alternative value, if deemed appropriate, based on the analysis of the competitive market
as of the effective date of the appraisal provided. The CDA will also provide an analysis of the appraisal provided, including supporting narrative and data to fully support the CDA value and outline
deficiencies within the appraisal. The CDA will also contain a Risk Score and Risk Indicators based upon the findings of the analysis for the appraisal provided to Clear
Capital by Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ProTeck's Appraisal Risk Review (ARR) is an enhanced desk review of the original appraisal in the file
completed by a licensed appraiser. The ARR validates subject and comparable data and characteristics, confirms the original appraiser's methodologies, credentials, and commentary to insure compliance with regulatory requirements and industry
accepted best practices, and flags all risk factors while also providing a final value reconciliation used to grade the loan.

PMT Loan Trust 2025-J2 Page \| 15 August 7, 2025

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**APPENDIX C: REGULATORY COMPLIANCE REVIEW SCOPE** 

This appendix provides an overview of Clayton's proprietary compliance system for 1-4 family residential mortgage loans in the due diligence process to determine, to the extent possible and subject to the caveats below, whether the loans comply with federal, state and local laws. The Disclaimer section explains limitations that you should be aware of. Additional details on the items listed below as well as Clayton's state, county and municipal testing can be provided upon request. The compliance engine is fully integrated into Clayton's proprietary due diligence platform, eCLAS.

**<u>Federal Law</u>**

**A.** **RESPA and Regulation X:** Loan level analysis on the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GFE/HUD1: confirm the correct version of the GFE and HUD1 were properly completed under the Regulation X Final
Rule that became mandatory on January 1, 2010

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Initial Good Faith Estimate, (GFE): timing and content of the initial disclosure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Final GFE: Verification that increases to fees from the initial GFE were disclosed within 3 days of valid changed
circumstance documentation within the loan file

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Final HUD1 Settlement Statement: verify the loan file contains the final HUD1 and the loan terms on the HUD1
correspond to the actual loan terms from the Note

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Final GFE to HUD1 tolerance fee evaluation: confirm the fees charged on the HUD1 do not exceed the Final GFE in
the 0% or 10% fee tolerance categories, including a review for a Settlement Service Provider List if the lender excludes fees that the borrower can shop for.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Affiliated Business Disclosure: if the loan file indicates the lender or broker referred the borrower to a known
affiliate, confirm the disclosure was provided to the borrower

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Homeownership Counseling Notice: for loan applications on or after 1/10/2014, confirm the notice was provided to
the borrower within 3 days of application

**B.** **Truth in Lending Act and Regulation Z** - Loan level analysis on the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• TIL Disclosure: Content of Disclosures – perform an independent recalculation of the finance charges and
APR to determine whether the amounts disclosed on the final TIL were within allowable tolerances. Payment schedule accuracy, including under the Mortgage Disclosure Improvement Act for loans applications on or after January 30, 2010. Additional
disclosure content with a focus on the consistency of the prepayment penalty disclosure and assumption policy with the note and security instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Mortgage Disclosure Improvement Act, (3/7/3 rule): Confirm the timing of the initial TIL disclosure within 3 days
of application, 7 days prior to consummation, and corrected TIL disclosures provided at least 3 days prior to consummation for applications received on or after July 30, 2009 (Section 19)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ARM Disclosure: confirm these disclosures are in the file within 3 days of application, or 3 days of the borrower
discussing ARM programs identified within the loan file

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Right of Rescission – Review the disclosure form type, disclosure timing, disclosed dates, other material
disclosures, and the loan disbursement (Section 23)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• High Cost mortgage thresholds for points and fees (Section 32)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• High Cost Prohibited Acts and Practices upon request (Section 33)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Higher Priced Mortgage Loan thresholds for APR in relation to the APOR. Including Escrow and appraisal
requirements (Section 35)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Prohibited Acts or Practices including testing the Loan Originator compensation rules, NMLSR ID on documents,
financing Credit Insurance, mandatory arbitration clauses, and NegAm Counseling (Section 36)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ATR/QM Ability to Repay, aka Minimum Standards for Transactions: for applications on or after 1/10/2014, confirm
the loan file contains documentation to evidence the lender considered and verified the borrower has the ability to repay in accordance with the ATR requirements This included identifying whether QM loans met agency exemptions or were underwritten
in accordance with Appendix Q. Non QM loans will be reviewed to ensure the lender documented that they considered and verified the 8 underwriting factors as required for ATR compliance. This review also includes evaluating loans against the new TILA
prepayment penalty restrictions (Section 43)

PMT Loan Trust 2025-J2 Page \| 16 August 7, 2025

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![LOGO](g97638g02a01.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• TRID: on applicable loans, test compliance with the Integrated Mortgage Disclosure rules under the Real Estate
Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z) defined under the Dodd-Frank Wall Street Reform and Consumer Protection Act as promulgated by the Consumer Financial Protection Bureau.

OF NOTE: As of October 3, 2015 ("TRID Effective Date"), Clayton commenced testing applicable loans subject to the TRID Effective date against a TRID scope of review that was based on outside counsel's interpretations of the published regulations as of the TRID Effective Date. Clayton's scope was commercially reasonable as it relates to a Third Party Review ("TPR") firm's role as TPR conducting an independent third-party pre-securitization due diligence review ("Initial TRID Scope"). The Initial TRID Scope was created with guidance from outside counsel.

On, June 15th, SFIG published its RMBS 3.0 TRID Compliance Review Scope <sup>©</sup> documentation, developed under the leadership of members from Third Party Review ("TPR") firms across the industry and SFIG's RMBS 3.0 Due Diligence, Data and Disclosure Working Group. The RMBS 3.0 TRID Compliance Review Scope was created with an aim to facilitate a uniform testing and risk identification standard as it would apply to an assignee, as a result of a consistent Truth-In-Lending Act liability interpretation according to the understanding of prevailing legal precedent and informal written guidance and webinars offered by the CFPB, as it applies to the Know Before You Owe / Truth In Lending Act ("TILA) – Real Estate Settlement Procedures Act ("RESPA") Integrated Disclosure ("TRID") Rule (78 FR 79730, as amended). RMBS 3.0 TRID Compliance Review Scope may be formally amended by the SFIG RMBS 3.0 Due Diligence, Data and Disclosure Working Group as clarifying regulations may be promulgated on a go forward basis, as well as any binding judicial interpretations of the underlying law.

**C.** **FACTA** - the Credit Score, Key Factors, and Notice to Home Loan Applicant disclosures

**D.** **HMDA** – Whether the loans is Rate Spread threshold reportable.

**<u>STATE, COUNTY and MUNICIPAL LAW</u>**

**A.** **Higher-Priced** 

Clayton test whether a loan meets the thresholds for a higher-priced, rate spread, subprime or nonprime mortgage loan, and whether such loan meets regulatory requirements, in the following states:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Higher-Priced** | &nbsp;&nbsp;&nbsp;**Higher-Priced** | &nbsp;&nbsp;&nbsp;**Higher-Priced** |
| &nbsp;&nbsp;&nbsp;California | Maryland | New York |
| &nbsp;&nbsp;&nbsp;Connecticut | Massachusetts (subprime ARMS to first time homebuyers) | North Carolina |
| &nbsp;&nbsp;&nbsp;Maine | Minnesota | |

---

PMT Loan Trust 2025-J2 Page \| 17 August 7, 2025

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![LOGO](g97638g02a01.jpg)

**B.** **State/Local High Cost** 

Clayton test whether a loan meets the thresholds for a high cost or covered loan in the following states, counties and municipalities, and also tests for compliance with provisions in such laws that apply to all loans subject to high cost testing:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**State/Local High Cost** | &nbsp;&nbsp;&nbsp;**State/Local High Cost** | &nbsp;&nbsp;&nbsp;**State/Local High Cost** |
| &nbsp;&nbsp;&nbsp;Arkansas | Maine | Pennsylvania |
| &nbsp;&nbsp;&nbsp;California | Maryland | Rhode Island, including the Providence ordinance |
| &nbsp;&nbsp;&nbsp;Colorado | Massachusetts | South Carolina |
| &nbsp;&nbsp;&nbsp;Connecticut | Nevada | Tennessee |
| &nbsp;&nbsp;&nbsp;District of Columbia | New Jersey | Texas |
| &nbsp;&nbsp;&nbsp;Florida | New Mexico | Utah |
| &nbsp;&nbsp;&nbsp;Georgia | New York | Vermont<br> (High Rate, High Point law) |
| &nbsp;&nbsp;&nbsp;Illinois, including the Cook County and Chicago ordinances | North Carolina | Wisconsin |
| &nbsp;&nbsp;&nbsp;Indiana | Ohio, including<br> Cleveland Heights ordinance | |
| &nbsp;&nbsp;&nbsp;Kentucky | Oklahoma | |

---

**C.** **Anti-Predatory** 

Several states have laws that do not create a separate class of high cost or higher-priced mortgage loans, but set APR or finance charge ceilings and may also set forth similar anti-predatory lending restrictions as found in high cost laws. Clayton tests for compliance with such laws in the following states:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Minnesota (Mortgage Originator and Service Licensing Act)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Puerto Rico (Office Regulation 5722)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Texas (Texas Finance Code)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• West Virginia (Residential Mortgage Lender, Broker and Servicer Act).

**D.** **Borrower's Interest** 

Clayton uses a module that reports to the client the factors that the client can weigh to determine whether or not the loan is in the borrower's interest, and also makes a mathematical determination as to whether or not there is at least one benefit. This module is only used in the following states, where the laws or releases by the regulators provide an indication of some standards that can be applied.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Borrower's Interest** | &nbsp;&nbsp;&nbsp;**Borrower's Interest** | &nbsp;&nbsp;&nbsp;**Borrower's Interest** |
| &nbsp;&nbsp;&nbsp;Maine | Ohio | South Carolina |
| &nbsp;&nbsp;&nbsp;Massachusetts | Rhode Island | |

---

PMT Loan Trust 2025-J2 Page \| 18 August 7, 2025

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![LOGO](g97638g02a01.jpg)

**E.** **Consumer Protection** 

Several states have laws that neither create a separate class of high cost or higher-priced mortgage loan, nor impose a ceiling on the overall fees or APR, but nonetheless contain requirements and restrictions on mortgage loans that may impact the assignee or the lien. Clayton tests for compliance with such laws, including late charge and prepayment penalty provisions, in the following states and municipalities:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Consumer Protection** | &nbsp;&nbsp;&nbsp;**Consumer Protection** |
| &nbsp;&nbsp;&nbsp;Alabama (the "Mini-code") | Nebraska (Mortgage Bankers Registration and Licensing Act and the Installment Loan Act) |
| &nbsp;&nbsp;&nbsp;Hawaii (Financial Services Loan Company Act) | Nevada (AB 440 |
| &nbsp;&nbsp;&nbsp;Idaho (Residential Mortgage Practices Act) | Ohio (Consumer Sales Practices Act; whether the loan is in Summit County) |
| &nbsp;&nbsp;&nbsp;Illinois (both versions of the Cook County Predatory Lending Database; Illinois Residential Mortgage Licensing Act) | Texas (Article XVI, Section 50(a)(6) of the Texas Constitution) |
| &nbsp;&nbsp;&nbsp;Iowa (Consumer Credit Code) | Utah (Consumer Credit Code) |
| &nbsp;&nbsp;&nbsp;Kansas (Consumer Credit Code) | Virginia (Mortgage Lender and Broker Act) |
| &nbsp;&nbsp;&nbsp;Kentucky (HB 552) | Washington (Consumer Loan Act and Responsible Mortgage Lending Act) |
| &nbsp;&nbsp;&nbsp;Maryland (DLLR Regulations, Commercial Law) | West Virginia (Consumer Credit Protection Act) |
| &nbsp;&nbsp;&nbsp;Massachusetts (Attorney General regulations) | Wyoming (Residential Mortgage Practices Act) |
| &nbsp;&nbsp;&nbsp;Michigan (Consumer Mortgage Protection Act) |  |

---

See attached Exhibit A - Consumer Protection Laws for additional details on the specific components of the aforementioned Consumer Protection laws that are evaluated as part of the Clayton Compliance Review Scope:

**F.** **Texas Equity** 

In addition to identifying whether Texas refinances are cash out transactions subject to the Texas Constitution Article 16 Section 50(a)(6) requirements, Clayton reviews the title report to confirm prior loans being refinanced are continuous purchase money and not (a)(6) loans. In the event a loan is determined to be a Texas Home Equity loan, the underwriter reviews the loan images to confirm the loan meets the Texas requirements including maximum LTV/CLTV, 3% fee cap, product restrictions and the required disclosures were provided to the borrower in accordance with required timelines.

**<u>GSE Testing</u>**

Clayton can review loans to determine whether they comply with Fannie Mae's and Freddie Mac's Points and Fees threshold tests. These fee limitations of 5% for all loans with application dates prior to 1/10/2014 were reduced to 3% on Primary and Second Homes for applications on or after 1/10/2014. If requested, loans can be reviewed to determine whether the loan is a residential mortgage transaction ineligible for delivery due to its APR or fees exceeding the HOEPA thresholds. Clayton offers Lender Letter and non-traditional mortgage testing for Fannie Mae. (Note: Fannie Mae requires a non-disclosure agreement between the client and Fannie Mae for Clayton to report these results.)

PMT Loan Trust 2025-J2 Page \| 19 August 7, 2025

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![LOGO](g97638g02a01.jpg)

**<u>Disclaimer</u>**

Please be advised that Clayton has not determined whether the Loans comply with federal, state or local laws, constitutional provisions, regulations or ordinances, including, but not limited to, licensing and general usury laws that set rate and/or fee limitations, unless listed above. Clayton's review is focused on issues that raise concerns for secondary market investors and other assignees, based on potential for assignee liability, an adverse impact on the lien, and regulatory, litigation and headline risk. Clayton's review is not designed to fully test a lender's compliance with all applicable disclosure and licensing requirements. Furthermore, the findings reached by Clayton are dependent upon its receiving complete and accurate data regarding the Loans from loan originators and other third parties. Please be further advised that Clayton and its employees do not engage in the practice of law, and the findings set forth in the reports prepared by Clayton do not constitute legal advice or opinions.

<sup>©</sup> 2025 Clayton Services LLC. All rights reserved.

This material is confidential and may not be copied, used, or distributed without the written permission of Clayton Services LLC.

PMT Loan Trust 2025-J2 Page \| 20 August 7, 2025

## Exhibit 99.2

**EXHIBIT 99.2** 

**CLAYTON CONDITIONS REPORT** 

------

---

| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC PMTLT 2025-J2 J15915** |
| **Conditions Report 2.0** |  |
| ***Loans in Report:*** | *120* |
| ***Loans with Conditions:*** | *56* |

---

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;**28 - Total Active Conditions** |
| **28 - Non-Material Conditions** |
| **28 - Compliance Review Scope** |
| 26 - Category: RESPA |
| 2 - Category: Right of Rescission |
| &nbsp;&nbsp;&nbsp;**52 - Total Satisfied Conditions** |
| 17 - Credit Review Scope |
| 5 - Category: Assets |
| 3 - Category: DTI |
| 2 - Category: Income/Employment |
| 2 - Category: Insurance |
| 2 - Category: Legal Documents |
| 2 - Category: Terms/Guidelines |
| 1 - Category: Title |
| 20 - Property Valuations Review Scope |
| 19 - Category: Appraisal |
| 1 - Category: FEMA |
| 15 - Compliance Review Scope |
| 3 - Category: Ability to Repay/Qualified Mortgage |
| 2 - Category: Finance Charge Tolerance |
| 1 - Category: Right of Rescission |
| 9 - Category: TILA/RESPA Integrated Disclosure |
| &nbsp;&nbsp;&nbsp;**0 - Total Waived Conditions** |

---

<sup>©</sup>2025 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.

------

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| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC PMTLT 2025-J2 J15915** |
| **Conditions Report 2.0** |  |
| ***Loans in Report:*** | *120* |
| ***Loans with Conditions:*** | *56* |

---

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;1 | XXXXXX | XXXXXX FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower1 has significant time at current job, 5 years and 4 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 726 > 26 points above guideline program minimum of 700. CFCFS1737: LTV below guideline requirements - Clayton Comments: 55.769% LTV for Subject Property is below guideline max LTV of 80% CFCFS1744: DTI below guideline requirement - Clayton Comments: 26.43% DTI below guideline requirement of 45%. |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Guidelines require min score of 700. Mid fico is 772. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXX reflects reserves in the amount of $0. Total reserves verified in the amount of $36,795.31. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 79.92%. Max allowed LTV is 89.99%. |
| &nbsp;&nbsp;&nbsp;3 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 43.24% is below Guidelines max 50% with AUS Approve. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 13.92 is below Guidelines maximum of 89.99%. CFCFS1741: Credit score exceeds guidelines<br>- Clayton Comments: Credit score of 790 is above Guidelines minimum of 700. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU<br>score<br>3.2.<br>XXX to<br>order<br>Desk<br>Review. | 7/11/2025:<br>AVM<br>provided<br>supports<br>appraised<br>value | 7/11/2025:<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with employer since 2010. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same line of work or industry for over 20 years. CFCFS2860: Good credit history - Clayton Comments: Borrowers have no history of derogatory credit. |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 788 credit score exceeds guideline minimum FICO of 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: 38.95% DTI is below guideline maximum of 45%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves of $146,231.98 exceeds reserve requirement of $0. |
| &nbsp;&nbsp;&nbsp;6 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers' FICO of 752 exceeds the minimum per guidelines required FICO score of 740. CFCFS2860: Good credit history - Clayton Comments: Borrowers overall have no major derogatory accounts. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers have been at their primary residence for over 13 years. |

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;7 | XXXXXX | XXXXXX NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets are $618,427.55 or 50.24 months PITIA. XXX required reserves $24,275.53. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 10.22% is below guideline DTI of 45% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 70.83% is below guideline LTV of 80% |
| &nbsp;&nbsp;&nbsp;8 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement - Clayton Comments: 26.87% DTI is below allowed guideline maximum of 45% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 768 > 68 points above guideline program minimum of 700. CFCFS1737: LTV below guideline requirements - Clayton Comments: 68.25% LTV for Subject Property is below guideline max LTV of 89.99% CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job, 5 years and 5 months. |
| &nbsp;&nbsp;&nbsp;9 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets are $2,324,341.71 or 247 months PITI. Required Reserves are 3 x $9,402.72 = $28,208.16 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Required score 700, borrower's score 724 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 36.57 is below guideline DTI of 45% |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 809 credit score exceeds guideline minimum FICO of 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: 37.81% DTI is below guideline maximum of 45%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $530,289.11 or 66.41 months PITIA exceeds guideline required 3 months $23,954.10 (3 x $7,984.70), XXX required amount is $0.00. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 162 months Mortgage payment history with 0x30 exceeds guidelines 12 months. |
| &nbsp;&nbsp;&nbsp;11 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing. (No<br>Data) | Not<br>Applicable | CFCFS2860: Good credit history - Clayton Comments: Borrowers have no recent history of derogatory credit history. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO score of 802 exceed minimum per guidelines of 720. CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrowers have a history of timely mortgage payments for multiple mortgage loans. |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied B | CMPTRID3670 | TRID - Zero<br>tolerance fee<br>or fees<br>increased at or<br>prior to<br>closing<br>without a<br>valid reason<br>or not timely<br>disclosed;<br>refund<br>required<br>within 60<br>days of<br>consummation | No | $12.25 Zero<br>Percent<br>Tolerance<br>Violation due<br>to increase in<br>Credit Report<br>at or prior to<br>closing<br>without a<br>valid Change<br>in<br>Circumstance.<br>Requires CIC,<br>or corrected<br>PCCD, copy<br>of refund<br>check, LOX<br>and<br>verification of<br>shipping.<br>Corrected on<br>PCCD.<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets: $769,824.83 (91.04 months PITIA reserves) > minimum required of 3 months PITIA reserves) CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co-borrower has been with current employer for 14.75 years <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers have occupied departure residence for 10 years. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 66.57% LTV < maximum permitted of 89.99% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 741 mid score > minimum required of 700 CFCFS5269: Minimal use of credit <br>- Clayton Comments: Minimal use of available revolving credit at 4.47% |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C B | CMPTRID3952 | TRID -<br>CD: The<br>CD<br>Projected<br>Payments<br>section and<br>the CD<br>Loan<br>Disclosures<br>section are<br>not<br>consistent<br>in regards<br>to whether<br>or not an<br>escrow<br>account<br>will be<br>established | No | The CD<br>Projected<br>Payments<br>section<br>reflects No<br>escrows<br>and the<br>Loan<br>Disclosures<br>section the<br>will have<br>an escrow<br>account is<br>checked<br>rather than<br>will not<br>have an<br>escrow<br>account. | 08.06.2025 -<br>PCCD received<br>with no escrow<br>account chosen | 08.06.2025 -<br>Exception satisfied | Non-Numeric | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $769,824.83 (91.04 months PITIA reserves) > minimum required of 3 months PITIA reserves) <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co-borrower has been with current employer for 14.75 years <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers have occupied departure residence for 10 years. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 66.57% LTV < maximum permitted of 89.99% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 741 mid score > minimum required of 700 CFCFS5269: Minimal use of credit - Clayton Comments: Minimal use of available revolving credit at 4.47% |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C B | CMPTRID5741 | TRID -<br>CD: In the<br>CD Escrow<br>section,<br>You will<br>have an<br>escrow<br>account is<br>indicated,<br>but any of<br>the<br>Escrowed<br>Property<br>Costs or<br>Escrow<br>Payment =<br>$0 or Null | No | In the CD<br>Escrow<br>section of<br>the Loan<br>Disclosures<br>, You will<br>have an<br>escrow<br>account is<br>indicated,<br>but any of<br>the<br>Escrowed<br>Property<br>Costs or<br>Escrow<br>Payment is<br>$0. The<br>will not<br>have<br>escrow<br>account<br>should<br>have been<br>checked<br>and<br>completed<br>instead. | 08.06.2025 -<br>PCCD received<br>with no escrow<br>account chosen | 08.06.2025 -<br>Exception satisfied | Numeric | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $769,824.83 (91.04 months PITIA reserves) > minimum required of 3 months PITIA reserves) <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co-borrower has been with current employer for 14.75 years CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have occupied departure residence for 10 years. CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 66.57% LTV < maximum permitted of 89.99% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 741 mid score > minimum required of 700 CFCFS5269: Minimal use of credit - Clayton Comments: Minimal use of available revolving credit at 4.47% |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Missing<br>updated<br>valuation.<br>LCA score<br>not<br>established. | 5/28/2025: AVM<br>returned no value.<br>CDA has been<br>ordered.5/30/2025:<br>CDA received<br>supports appraised<br>value. | 5/28/2025:<br>Exception<br>remains.5/30/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $769,824.83 (91.04 months PITIA reserves) > minimum required of 3 months PITIA reserves) <br>CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has been with current employer for 14.75 years CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have occupied departure residence for 10 years. CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 66.57% LTV < maximum permitted of 89.99% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 741 mid score > minimum required of 700 CFCFS5269: Minimal use of credit <br>- Clayton Comments: Minimal use of available revolving credit at 4.47% |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;13 | XXXXXX | XXXXXX | PA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $35,825.17 or 4.74 months exceed the 3 months required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified credit score 795. Required 620 CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI 15.58%. Max DTI 45% |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | Right of<br>Rescission | Satisfied C B | CMPROR1911 | Incorrect<br>ROR<br>Form<br>Used - H9<br>Form<br>Used in<br>Refinance<br>With<br>Different<br>Creditor | No | H9 form<br>used in<br>refinance<br>with<br>different<br>creditor. | 07.21.2025 - Same<br>H9 ROR provided.<br>This is not a lender<br>to lender refi and an<br>H8 form should<br>have been used<br>rather than an<br>H9.Cure: LOX, TIL<br>or CD, proof of<br>delivery, and<br>correct version of<br>NORTCs to all<br>entitled to rescind<br>to re-open<br>rescission (2 for<br>each recipient).<br>Within 60 days of<br>discovery.7.22.2025<br>Lender provided H8 | 07.21.2025 -<br>Exception<br>remains7.23.2025<br>Exception<br>Satisfied (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Guidelines require min score of 700. Mid fico is 760. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $116,030.29 in post closing reserves or 14.57 months PITI. 6 months reserves required $7,961.63 X 6 = $47,769.78. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 23.14%. Max allowed LTV is 80%. |
| &nbsp;&nbsp;&nbsp;15 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified post close assets $436,860.91 or 53.45 months PITI. No reserves required per AUS. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 808 FICO score. Minimum required 700. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 employed 9 years 9 months. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrower does not have any major mortgage related occurrences during the past two years CFCFS5269: Minimal use of credit - Clayton Comments: Borrowers have a low credit line usage ratio of 17%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrowers' qualifying FICO of 758 exceeds the minimum per guidelines of 680. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $169,206.03 or 12.28 months PITIA. DU required $0.00. |
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Credit | Assets | Satisfied C A | CRDAST206 | Asset Amounts<br>Are<br>Unsupported<br>by<br>Documentation<br>in File | No | Missing<br>evidence<br>of the<br>$1,200,000<br>deposit to<br>XXXXXX<br>account<br>XXXXXX.<br>Per the<br>borrower<br>this is the<br>repayment<br>of a loan.<br>Please<br>provide<br>evidence<br>of the debt<br>to support<br>deposit<br>was not a<br>gift. | 8/6/2025:<br>Received<br>docs to<br>verify<br>deposit<br>was a loan<br>repayment. | 8/6/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $471,745.70 or 36.84 months of PITI. Required PITI Reserves are $47,557.00. <br>CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 21 years 9 months at current job. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 70%. Maximum LTV per guidelines 89.99% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified Credit Score 751. Guideline minimum 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 42.45% is less than the guideline maximum of 50%. |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 772 credit score exceeds guideline minimum FICO of 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: 26.42% DTI is below guideline maximum of 45%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves of $186,061.27 exceeds reserve requirement of $0. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;19 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Credit | Insurance | Satisfied C A | CRDINSR5353 | Insurance<br>Expiration<br>date is<br>prior than<br>the<br>transaction<br>date | No | Provide<br>Condo<br>Master<br>HOI<br>renewal<br>policy for<br>XXXXXX-<br>XXXXXX. | 7/21/2025:<br>Received<br>renewal<br>dec page. | 7/21/2025:<br>Exception<br>satisfied. | Not<br>Applicable | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers 795 Fico score is above the 620 min. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrowers have $294812.06 in reserves. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: The borrowers DTI of 18.30% is below the 45% max. |
| &nbsp;&nbsp;&nbsp;20 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS2860: Good credit history - Clayton Comments: Borrowers have no delinquent credit history. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO score of 776 exceeds minimum of 680 requirement. CFCFS5269: Minimal use of credit - Clayton Comments: Revolving credit utilization is 3% and considered low. |
| &nbsp;&nbsp;&nbsp;21 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $189,019. verified cash reserves exceed guidelines $0.00 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 752 credit score exceeds guidelines 720 CFCFS1734: Borrower has significant time at current job - Clayton Comments: 16 Years has significant time at current position |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;22 | XXXXXX | XXXXXX NE | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Legal<br>Documents | Satisfied D A | CRDLGL2550 | Missing<br>HUD-1<br>from<br>sale of<br>property | No | Missing<br>HUD-1<br>from the<br>sale of<br>outgoing<br>residence<br>located at<br>XXXXXX<br>in the<br>amount of<br>$360,000 | 8/6/2025:<br>Received<br>Disbursement<br>request and<br>Note. | 8/6/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 23 years and 0 months. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 69.320% LTV for Subject Property is below guideline max LTV of 89.99% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 793 > 73 points above guideline program minimum of 720. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 15.82% DTI below guideline requirement of 45%. |
| &nbsp;&nbsp;&nbsp;23 | XXXXXX | XXXXXX ID | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 49.246% LTV for Subject Property is below guideline max LTV of 89.99% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 757 > 57 points above guideline program minimum of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI 29.06% is below the minimum program requirement of 45%. |
| &nbsp;&nbsp;&nbsp;24 | XXXXXX | XXXXXX DC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $92,165.41 or 9.21 months PITI reserves exceed guidelines. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LV of 68.40 is below guideline requirements. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;25 | XXXXXX | XXXXXX | NE | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 817 > 117 points above guideline program minimum of 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 80% LTV for Subject Property is below guideline max LTV of 89.99% <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 41.18% DTI below guideline requirement of 45%. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 12 years and 1 months. |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 78.39% is below the maximum allowable of 89.99%. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 32.29% is below the maximum allowable 45%. <br>CFCFS5269: Minimal use of credit <br>- Clayton Comments: Borrower has minimal use of credit with credit usage ratio of 4.56%. CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 804 mid score > minimum required of 700 |
| &nbsp;&nbsp;&nbsp;27 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Qualifying FICO of 789. Minimum required is 720. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Qualifying DTI (Back) of 23.02% is 21.98% below the 45% allowed for the program. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $1,483,894.81, or 121.40 months of PITIA. No reserves are required per LP approval. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;28 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing | (No Data) | (No Data) | (No Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close assets of $155,122.32 or months PITI. Required reserves 3 months PITI or $32,894.04. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has 16 years 9 months at current job. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has 6 years & 4 months at current job <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers have 10 years 5 months at current residence. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 75% is below the guideline maximum of 80%. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 54 mos. 0x30, 26 mos. 0x30, and 33 mos. 0x30. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower mortgage payment 0 x 30x 79 <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 797 FICO exceeds minimum 700. |
| &nbsp;&nbsp;&nbsp;28 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C B | CMPTRID3966 | TRID -<br>CD: The<br>Will Not<br>Have an<br>Escrow<br>Account in<br>the CD<br>Loan<br>Disclosures<br>section is<br>selected<br>and both or<br>neither of<br>You<br>declined it<br>and/or<br>Your<br>lender does<br>not offer<br>one are<br>selected | No | The Will<br>Not Have<br>an Escrow<br>Account in<br>the CD<br>Loan<br>Disclosures<br>section is<br>selected<br>and both or<br>neither of<br>You<br>declined it<br>and/or<br>Your<br>lender does<br>not offer<br>one are<br>selected;<br>please<br>provide<br>PCCD<br>selecting<br>one or the<br>other. | 06.04.2025<br>-PCCD<br>received<br>with<br>escrow<br>declined<br>option<br>selected. | 06.04.2025<br>-Exception<br>satisifed | Non-Numeric | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close assets of $155,122.32 or months PITI. Required reserves 3 months PITI or $32,894.04. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has 16 years 9 months at current job. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has 6 years & 4 months at current job <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers have 10 years 5 months at current residence. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 75% is below the guideline maximum of 80%. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 54 mos. 0x30, 26 mos. 0x30, and 33 mos. 0x30. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower mortgage payment 0 x 30x 79 <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 797 FICO exceeds minimum 700. |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | XXXXXX | NE | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 17.64% DTI below guideline requirement of 45%. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 10 years and 6 months. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 75% LTV for Subject Property is below guideline max LTV of 89.99% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 756 > 36 points above guideline program minimum of 720. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;30 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 758 median FICO. Minimum required 740. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Verified 24.51% DTI. Max allowed 50%. |
| &nbsp;&nbsp;&nbsp;31 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 70 is below guideline requirements <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $439,993.07 or 29.87 months PITI reserves exceed guidelines. |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA -<br>Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the<br>loan file is<br>missing<br>documents<br>to<br>complete<br>the ATR/<br>QM<br>review<br>and render<br>an<br>accurate<br>ATR/QM<br>status. | No | 1. Updated DU<br>AUS required to<br>update rental<br>income for<br>Vacating<br>Property.<br>Lender used full<br>Rental amount<br>of $4,500.00<br>however a 25%<br>vacancy factor<br>should be<br>applied only<br>allowing<br>$3,375.00 to be<br>used to offset<br>departure PITI.<br>Variance<br>increases DTI to<br>48.37%. Lender<br>used DTI<br>43.37% to<br>qualify. DU<br>AUS<br>recommendation<br>must remain<br>Approve/<br>Ineligible<br>however be<br>ineligible for<br>loan amount<br>only.2. Provide<br>proof of $500<br>security deposit<br>for rental<br>agreement for<br>departing<br>residence. It was<br>signed<br>3/14/2025 and<br>per agreement,<br>$500 is due at<br>time of lease<br>being signed. | 6/2/2025:<br>Received<br>updated AUS<br>with 48.37% DTI<br>and App/Ineli for<br>loan<br>amount.8/6/2025:<br>Received proof<br>of receipt for<br>Item #2. | 6/3/2025:<br>Exception<br>satisfied for<br>Item

#2.8/6/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 has 19 years 2 months in same line of work. B2 has 11 years in same line of work. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 80.00% below program maximum 89.99%. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 12 month payment history required, credit show 17 months with 0 x 30 <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 762 above program requirement 700. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Income/<br>Employment | Satisfied D A | CRDINC3204 | Income<br>Documentation<br>Missing | No | Provide proof of<br>$500 security<br>deposit for<br>rental agreement<br>for departing<br>residence. It was<br>signed<br>3/14/2025 and<br>per agreement,<br>$500 is due at<br>time of lease<br>being signed. | 8/6/2025:<br>Received<br>proof of<br>receipt. | 8/6/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 has 19 years 2 months in same line of work. B2 has 11 years in same line of work. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 80.00% below program maximum 89.99%. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 12 month payment history required, credit show 17 months with 0 x 30 <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 762 above program requirement 700. |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Terms/<br>Guidelines | Satisfied D A | CRDTER2548 | Missing AUS<br>or AUS errors<br>present | No | Updated DU<br>AUS required to<br>update rental<br>income for<br>Vacating<br>Property.<br>Lender used full<br>Rental amount<br>of $4,500.00<br>however a 25%<br>vacancy factor<br>should be<br>applied only<br>allowing<br>$3,375.00 to be<br>used to offset<br>departure PITI.<br>Variance<br>increases DTI to<br>48.37%. Lender<br>used DTI<br>43.37% to<br>qualify. DU<br>AUS<br>recommendation<br>must remain<br>Approve/<br>Ineligible<br>however be<br>ineligible for<br>loan amount<br>only. | 6/2/2025:<br>Received<br>updated<br>AUS with<br>48.37%<br>DTI and<br>App/Ineli<br>for loan<br>amount. | 6/3/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 has 19 years 2 months in same line of work. B2 has 11 years in same line of work. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 80.00% below program maximum 89.99%. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 12 month payment history required, credit show 17 months with 0 x 30 <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 762 above program requirement 700. |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | DTI | Satisfied D A | CRDDTI2540 | Missing<br>verification of<br>some or all<br>components of<br>non-subject<br>PITI | No | Missing the<br>taxes and<br>insurance on<br>investment at<br>XXX | 7/16/2025:<br>Received<br>HOI,<br>HOA and<br>tax info. | 7/16/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 70% below guideline Max of 80%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score 772 exceeds guidelines minimum 720. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $1,013,028.26 or 49.64 months PITIA exceeds guideline required 18 months PITIA, $367,335.00 ($20,407.50 x 18) for loan >$2million. DU requires $0.00. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Missing<br>updated<br>valuation,<br>CU score is<br>>2.5. | 7/11/2025: AVM<br>Provided is outside<br>of acceptable FSD<br>score. CDA<br>required.7/14/2025:<br>XXX AVM shows<br>FSD 32. Max<br>allowed is 13.<br>XXX to order Desk<br>Review.7/16/2025:<br>CDA provided<br>supports appraised<br>value. | 7/11/2025:<br>Exception<br>Remains7/14/2025:<br>Exception<br>remains.7/16/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 70% below guideline Max of 80%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score 772 exceeds guidelines minimum 720. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $1,013,028.26 or 49.64 months PITIA exceeds guideline required 18 months PITIA, $367,335.00 ($20,407.50 x 18) for loan >$2million. DU requires $0.00. |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR5355 | Most<br>recent<br>FSD score<br>outside of<br>approved<br>variance | No | AVM<br>Provided is<br>outside of<br>acceptable<br>FSD score.<br>CDA<br>required | 7/11/2025: AVM<br>Provided is outside<br>of acceptable FSD<br>score. CDA<br>required | 7/11/2025:<br>Exception Remains | (No Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 70% below guideline Max of 80%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score 772 exceeds guidelines minimum 720. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $1,013,028.26 or 49.64 months PITIA exceeds guideline required 18 months PITIA, $367,335.00 ($20,407.50 x 18) for loan >$2million. DU requires $0.00. |
| &nbsp;&nbsp;&nbsp;34 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Credit | Insurance | Satisfied C A | CRDINSR5351 | Insurance<br>Effective<br>date is<br>greater<br>than the<br>transaction<br>date | No | Insurance<br>effective<br>date XXX.<br>Funds<br>disbursed<br>XXX. HOI<br>must have<br>effective<br>date no later<br>than<br>disbursement<br>date. | 7/21/2025:<br>Received HOI<br>showing effective<br>XXX. | 7/21/2025:<br>Exception<br>satisfied. | Not<br>Applicable | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $1,121,591.21 or 76.96 months of PITI. DU requires $46,357. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: 25 years time in profession <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 787 credit score exceeds guidelines of 720 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing. | (No Data) | (No Data) | (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $253,619.06 (27.79 months PITIA reserves) > minimum required reserves: $9,126.60 x 3 = $27,379.80 <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 797 mid score > minimum required of 700 CFCFS2860: Good credit history <br>- Clayton Comments: Consumer debt: 0x30 x greater than 99 months <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 79.33% LTV < maximum permitted of 89.99% |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3640 | TRID -<br>CD: Zero<br>tolerance<br>fee or fees<br>increased<br>at or prior<br>to closing<br>without a<br>valid<br>reason or<br>the revised<br>LE/CD<br>was not<br>timely<br>disclosed;<br>insufficient<br>credit or<br>refund<br>provided | No | Zero<br>Tolerance<br>Fee of<br>$164.50 due<br>to increase in<br>Transfer<br>Taxes from<br>$XXX on LE<br>XXX to<br>$XXX on LE<br>XXX.<br>Applied<br>lender credit<br>of $0.69 but<br>$164.50<br>remains.<br>Missing a<br>valid Change<br>of<br>Circumstance<br>for each<br>increase, or<br>Post Close<br>CD, LOX<br>and copy of<br>refund check<br>to borrower. | 07.21.2025<br>-COC<br>provided | 07.21.2025<br>-Exception<br>satisfied | Numeric | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $253,619.06 (27.79 months PITIA reserves) > minimum required reserves: $9,126.60 x 3 = $27,379.80 <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 797 mid score > minimum required of 700 CFCFS2860: Good credit history <br>- Clayton Comments: Consumer debt: 0x30 x greater than 99 months <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 79.33% LTV < maximum permitted of 89.99% |
| &nbsp;&nbsp;&nbsp;36 | XXXXXX | XXXXXX | OH | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 762 >62 points above guideline program minimum of 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 75% LTV for Subject Property is below guideline max LTV of 89.99% |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;37 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 724 > 24 points above guideline program minimum of 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 75% LTV for Subject Property is below guideline max LTV of 89.99% <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 37 years and 8 months. |
| &nbsp;&nbsp;&nbsp;38 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified post close assets $154,590.05 or 12.15 months PITI. No reserves are required. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 73.88%. The guideline maximum is 80% <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has been employed 15 years 7 months. |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 63.158% LTV for Subject Property is below guideline max LTV of 89.99% <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 39.08% DTI is below allowed guideline maximum of 45% <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Median FICO 760 >60 points above guideline program minimum of 700. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;40 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 52.190% LTV for Subject Property is below guideline max LTV of 89.99% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 800 > 100 points above guideline program minimum of 700. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower1 has significant time at current job, 12 years and 7 months. |
| &nbsp;&nbsp;&nbsp;41 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Credit | DTI | Satisfied C A | CRDDTI187 | Debt<br>Ratio ><br>50% | No | Lender/<br>DU<br>approved<br>DTI<br>49.91%,<br>review<br>50.79%.<br>Difference<br>of 0.88%<br>due to<br>lender<br>using<br>$518.41<br>rental<br>income<br>review<br>calculated<br>$150.96<br>rental<br>income. | 7/21/2025:<br>Received<br>subject<br>appraisal. This<br>does not resolve<br>issue.7/24/2025:<br>Received<br>VVOE, WVOE,<br>1008. XXX<br>re-verified B2<br>income and<br>lowered DTI to<br>48.14%. | 7/21/2025:<br>Exception<br>remains.7/24/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit Score 813. Minimum required 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 64.31% below Max 89.99%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $73,258.21 or 7.66 months PITIA exceeds DU required $319.00. |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has 17 years & 2 months at current job <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 19 years at current residence <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has 17 years & 2 months at current job <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 782 FICO exceeds minimum 700 <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower Mortgage payment 0x30 x97 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 75% LTV < maximum permitted of 89.99% |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Missing<br>updated<br>valuation.<br>LCA<br>score ><br>2.5.<br>Clayton to<br>order desk<br>review. | 7/11/2025:<br>AVM<br>Provided<br>supports<br>appraised<br>value. | 7/11/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has 17 years & 2 months at current job <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 19 years at current residence <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has 17 years & 2 months at current job <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 782 FICO exceeds minimum 700 <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower Mortgage payment 0x30 x97 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 75% LTV < maximum permitted of 89.99% |
| &nbsp;&nbsp;&nbsp;43 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 802 FICO exceeds program min allowable of 620. <br>CFCFS5269: Minimal use of credit <br>- Clayton Comments: Borrower has 1% revolving credit utilization |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | XXXXXX | SC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has 7 years & 4 months at current job <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 756 FICO exceeds minimum 720. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 6 years and 7 months. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 741 > 41 points above guideline program minimum of 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 80% LTV for Subject Property is below guideline max LTV of 89.99% |
| &nbsp;&nbsp;&nbsp;46 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers 723 FICO score is above the 700 minimum. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Borrowers 34.73% DTI is lower than the 45% max. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrowers have $237059.64 in reserves. |
| &nbsp;&nbsp;&nbsp;46 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | LCA<br>Score is<br>4.5. XXX<br>to order<br>desk<br>review. | 7/11/2025:<br>AVM<br>Provided<br>supports<br>appraised<br>value. | 7/11/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers 723 FICO score is above the 700 minimum. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Borrowers 34.73% DTI is lower than the 45% max. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrowers have $237059.64 in reserves. |

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Assets | Satisfied D A | CRDAST2670 | Asset<br>documentation<br>is insufficient<br>per guideline<br>requirements | No | Missing<br>evidence<br>to<br>document<br>donor's<br>ability to<br>give gift<br>of<br>$400,000. | 7/31/2025:<br>Received<br>donor<br>ability. | 7/31/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 10 years at current residence. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has 20 years 6 months at current job. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has 21 years in same line of work. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 53.10% below program maximum 89.99% <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 30 mos. 0x30. |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Missing<br>updated<br>valuation.<br>CU/LCA<br>score ><br>2.5. XXX<br>to order<br>Desk<br>Review. | 7/24/2025:<br>Received<br>AVM<br>supporting<br>value. | 7/24/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 10 years at current residence. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has 20 years 6 months at current job. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has 21 years in same line of work. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 53.10% below program maximum 89.99% <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 30 mos. 0x30. |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | XXXXXX MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO of 799 exceeds the guideline program minimum of 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $133,217.53 (or 18.60 months of PITIA). Required PITIA Reserves are $7,162.55 X 3 months = $21,487.65 <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 50 months with 0x30 Mortgage payment history exceeds guidelines of 12 months. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;49 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing. | (No<br>Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 785 credit score exceeds guidelines 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $71,530.95. or 9.52 months of PITI. Required PITI Reserves are $7,513.41 x 3 = $22,540.23 <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: 14 years time in profession |
| &nbsp;&nbsp;&nbsp;50 | XXXXXX | XXXXXX | AR | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | RESPA | Active B | CMPRESPA2698 | RESPA - List<br>of<br>homeowners<br>counseling<br>organizations<br>not in file | No | Missing<br>HCL not<br>included<br>in file | (No<br>Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Min fico 700 Borrower median fico 781 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV max 89.99%; borrower LTV 73.21% |
| &nbsp;&nbsp;&nbsp;50 | XXXXXX | XXXXXX | AR | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Credit | Assets | Satisfied D A | CRDAST2670 | Asset<br>documentation<br>is insufficient<br>per guideline<br>requirements | No | Missing<br>proof<br>HELOC<br>monies in<br>the amt.<br>of $XXX<br>were<br>deposited<br>to<br>borrower<br>checking<br>acct. PTC. | 8/1/2025:<br>Received<br>proof of<br>deposit. | 8/1/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Min fico 700 Borrower median fico 781 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV max 89.99%; borrower LTV 73.21% |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Compliance | Finance<br>Charge<br>Tolerance | Satisfied C B | CMPFINT106 | Finance<br>charge<br>understated<br>by more<br>than $100<br>(Pmt<br>Stream) | No | Finance<br>charge is<br>$XXX per<br>XXX CD,<br>system<br>calculated<br>$XXX, a<br>difference<br>of<br>$313.31. | 07.21.2025<br>- Funding<br>PCCD<br>received. | 07.21.2025<br>-Exception<br>satisfied | (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $1,315,831.30 or 107.99 months PITIA exceeding DU required amount of $0.00. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: 14+ years XXX business. CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: 0 x 30 in 40 months exceeds 12 months required. |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Compliance | Finance<br>Charge<br>Tolerance | Satisfied C B | CMPFINT4372 | TILA/<br>TRID-<br>Disclosed<br>Amount<br>Financed is<br>higher than<br>XXX<br>calculated<br>Amount<br>Financed | No | Finance<br>charge is<br>$XXX per<br>XXX CD,<br>system<br>calculated<br>$XXX, a<br>difference<br>of<br>$313.31. | 07.21.2025<br>- Funding<br>PCCD<br>received. | 07.21.2025<br>-Exception<br>satisfied | Numeric | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $1,315,831.30 or 107.99 months PITIA exceeding DU required amount of $0.00. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: 14+ years XXX business. CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: 0 x 30 in 40 months exceeds 12 months required. |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Field<br>Review<br>does not<br>verify<br>appraisal<br>is<br>acceptable<br>as-is. | 7/11/2025:<br>AVM<br>Provided<br>supports<br>appraised<br>value. | 7/11/2025:<br>Exception<br>satisfied | (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $1,315,831.30 or 107.99 months PITIA exceeding DU required amount of $0.00. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: 14+ years XXX business. CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: 0 x 30 in 40 months exceeds 12 months required. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80 is below guideline requirements. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $1,730,731.71 or 127.05 months PITI reserve exceed guidelines. |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR101 | Appraisal<br>incomplete<br>(missing<br>map,<br>layout,<br>pages, etc) | No | Appraisal<br>contains<br>missing,<br>blank or<br>incomplete<br>pages. | 7/15/2025:<br>Received<br>full<br>appraisal,<br>all pages. | 7/15/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80 is below guideline requirements. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $1,730,731.71 or 127.05 months PITI reserve exceed guidelines. |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80 is below guideline requirements. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $990,720.65 or 97.33 months PITI reserves exceed guidelines. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | XXXXXX | NV | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 67.85%. Guideline maximum LTV 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified FICO 765. Guideline minimum 620. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified post close assets $165,168.54 or 16.52 months PITI exceeds required reserves of $3,851.00 or 0.38 months. |
| &nbsp;&nbsp;&nbsp;55 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Assets | Satisfied D A | CRDAST2354 | Asset<br>Verification<br>In File is<br>Incomplete<br>Per<br>Requirements | No | There is a<br>wire receipt<br>to Title<br>dated XXX<br>for $XXX<br>from<br>XXX#XXX.<br>The latest<br>statement in<br>the file is<br>dated XXX<br>and shows<br>total balance<br>of<br>$55,039.72.<br>Provide<br>updated<br>statement<br>showing<br>sufficient<br>funds to<br>cover the<br>amount<br>wired to<br>Title for<br>closing.<br>NOTE:<br>$399K Gift<br>not verified<br>received. | 7/31/2025:<br>Received<br>5/27/2025<br>XXX<br>statement<br>showing<br>$399K gift<br>deposited<br>and<br>therefore<br>balance<br>exceeded<br>what was<br>needed for<br>funds to<br>close. Wire<br>withdrawal<br>is in<br>transactions. | 7/31/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 46.41% is below Guidelines 50% maximum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 70% is below Guidelines 89.99% maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 791 is above Guidelines minimum of 700. |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | XXXXXX | CT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $1,129,203.52 or 89.64 months of PITI.Required PITI Reserves are $12,599.23 X 3 = $37,797.69. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 778 Credit score exceed guidelines 700 <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: 24 years time in profession |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has 15 years & 2 months at current job <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 20 years at current residence <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 766 FICO exceeds minimum 720. |
| &nbsp;&nbsp;&nbsp;58 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | Right of<br>Rescission | Active B | CMPROR1909 | Incorrect<br>ROR<br>Form<br>Used - H8<br>Form<br>Used in<br>Refinance<br>With<br>Original<br>Creditor | No | H8 Form<br>used in<br>refinance<br>with<br>original<br>creditor. H9<br>Form<br>required.<br>Regulation<br>Z designates<br>the H9<br>rescission<br>form as the<br>form<br>designed for<br>same lender<br>refinance<br>transactions;<br>for this loan<br>the lender is<br>using the<br>H8 form.<br>Regulation<br>Z has<br>language<br>allowing the<br>use of a<br>substantially<br>similar<br>notice.<br>XXX view<br>has been<br>that an H8<br>protects the<br>lender and<br>assignee to<br>at least the<br>same extent<br>as an H9,<br>but XXX<br>recognized<br>that one<br>could think<br>that the<br>mere<br>existence of<br>the H9 takes<br>away the<br>substantially<br>similar<br>notice<br>argument.<br>The<br>majority of<br>XXX that<br>have opined<br>on the issue<br>have upheld<br>the use of<br>an H8 in a<br>same-lender<br>refinance;<br>therefore,<br>XXX grades<br>the use of<br>an H8 form<br>in a same-<br>lender<br>refinance as<br>a level 2/B-<br>Non<br>Material<br>exception in<br>those<br>Circuits that<br>have not<br>decided on<br>this issue. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 767 exceeds guideline of 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close reserves are $75,739 or 6.07 months PITIA exceeds the 3 months per guidelines $37,413.39 ($12,471.13 x 3) plus 2% UPB of investment properties = $6,791 for total required reserves of $44,204.39. DU required amount $0.00. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 32.33% is below guideline maximum of 45%. |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | XXXXXX | IA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $149,980.14 or 12.15 months PITIA exceed XXX required amount of $0.00. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 782 FICO exceeds program min allowable of 700. <br>CFCFS5269: Minimal use of credit <br>- Clayton Comments: Borrower has 17% revolving credit utilization. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has 6 years and 11 months at current job. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;60 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 75 is below guideline requirements. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $150,617.18 or 8.05 months PITIA reserves exceeds three months required of $37,482.87. |
| &nbsp;&nbsp;&nbsp;61 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA -<br>Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the<br>loan file is<br>missing<br>documents<br>to complete<br>the ATR/<br>QM review<br>and render<br>an accurate<br>ATR/QM<br>status. | No | 1. Missing<br>borrower<br>letter of<br>explanation or<br>other<br>satisfactory<br>documentation<br>to verify no<br>HOA expense<br>for XXX and<br>XXX<br>properties as<br>qualified<br>with.2.<br>Missing<br>documentation<br>to connect the<br>proof of<br>property taxes<br>for Parcel

#XXX to the<br>XXX<br>property. Only<br>the mailing<br>address is<br>reflect. The<br>address that<br>the property<br>taxes relate to<br>is not shown. | 7/31/2025:<br>Received<br>docs for<br>both<br>REOs. No<br>HOA and<br>taxes<br>verified. | 7/31/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 796 FICO score. Minimum required 700. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Significant time at departure residence, 8.5 years <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 24 years <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 0x30x93 mortgage payment history |
| &nbsp;&nbsp;&nbsp;61 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | DTI | Satisfied D A | CRDDTI2540 | Missing<br>verification<br>of some or<br>all<br>components<br>of<br>non-subject<br>PITI | No | 1. Missing<br>borrower<br>letter of<br>explanation or<br>other<br>satisfactory<br>documentation<br>to verify no<br>HOA expense<br>for XXX and<br>XXX<br>properties as<br>qualified<br>with.2.<br>Missing<br>documentation<br>to connect the<br>proof of<br>property taxes<br>for Parcel

#XXX to the<br>XXX<br>property. Only<br>the mailing<br>address is<br>reflect. The<br>address that<br>the property<br>taxes relate to<br>is not shown. | 7/31/2025:<br>Received<br>docs for<br>both<br>REOs. No<br>HOA and<br>taxes<br>verified. | 7/31/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 796 FICO score. Minimum required 700. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Significant time at departure residence, 8.5 years <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 24 years <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 0x30x93 mortgage payment history |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;62 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been with employer since 1999 and in industry for 35 years. <br>CFCFS2860: Good credit history <br>- Clayton Comments: Borrowers have no derogatory credit history. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Borrowers have excellent mortgage payment history with no derogatory mortgage history,. |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 786 median FICO. Minimum required 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Verified 63.38% LTV. Max allowed 89.99%. |
| &nbsp;&nbsp;&nbsp;64 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 742 exceeds guidelines of 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves of $344,902 exceed guideline requirement of $32,690. <br>CFCFS3824: Borrower contributed an additional down payment <br>- Clayton Comments: Borrower contributed an additional 19.99% or $319,840 down payment funds. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;65 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 787 credit score exceeds guidelines 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: $5,047,810.00 reserves exceed guidelines $24,055.53. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 32.02 DTI below guideline requirement 50% |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80 is below guideline requirements. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $180,678.51 or 18.22 months PITI reserves exceed guidelines. |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | LCA<br>Score ><br>2.5. XXX<br>to order<br>desk<br>review. | 7/11/2025:<br>AVM<br>provided<br>supports<br>appraised<br>value | 7/11/2025:<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80 is below guideline requirements. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $180,678.51 or 18.22 months PITI reserves exceed guidelines. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 802 exceeds guideline of 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing verified cash reserves of $82,018.75 exceed guideline of 3 months PITIA $29,398.41 and LP $7,858.16. <br>CFCFS3824: Borrower contributed an additional down payment <br>- Clayton Comments: Borrower contributed an additional 5% down payment or XXX |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 758 mid score > minimum required of 700 CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified post close reserves of $656,915.10 or 75.14 months PITI reserves exceed required reserves of $0.00 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80 is below guideline requirements. |
| &nbsp;&nbsp;&nbsp;69 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU<br>Score<br>is ><br>2.5.<br>XXX<br>to<br>order<br>desk<br>review. | 7/11/2025:<br>AVM<br>Provided<br>supports<br>appraised<br>value. | 7/11/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 70.85 is below guideline requirements. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $1,392,044.63 or 189.92 months PITI reserve exceed guidelines. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;70 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU<br>score<br>is ><br>2.5. | 7/11/2025:<br>AVM<br>provided<br>supports<br>appraised<br>value. | 7/11/2025:<br>Exception<br>Satisfied (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 64.94 is below guideline requirements. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $51,307.66 or 8.57 months PITI reserve exceed guidelines. |
| &nbsp;&nbsp;&nbsp;71 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 24 years. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $782,431.75 or 98.71 months of PITI., Required PITI Reserves are $7,926.32 X 3 months = $23,778.96 <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO of 746 exceeds the guideline program minimum of 720. |
| &nbsp;&nbsp;&nbsp;72 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: The borrowers have resided at current residence for 13 years. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 8 years and 8 months. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO of 788 exceeds the guideline program minimum of 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 70% LTV < maximum permitted of 89.99% |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Consumer credit history exceeds guidelines with no late reporting for the past 10 years or more. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Borrower has 228 months positive mortgage and rental payment and history with 0x30. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 752 Credit score exceeds guidelines of 720 per program. |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | RI | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Significant time at current primary residence, 6.67 years <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 has significant time in the same profession, 29.5 years <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 793 FICO score. Minimum required 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $855,289.08 or 58.66 months of PITI; Required Reserves are $28,826.32 |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 46.09% per XXX approval is below Guidelines 50% maximum.Canceled CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 68.18% is below Guidelines 89.99% maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 812 exceeds min required of 700. |

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| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | XXXXXX | WI | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 743 > 43 points above guideline program minimum of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 42.26% DTI below guideline requirement of 45%. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 63.618% LTV for Subject Property is below guideline max LTV of 89.99% |
| &nbsp;&nbsp;&nbsp;77 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: 17+ years with present employer <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: 0 x 30 in 58 months |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $578,758.40 (46.72 months PITIA reserves) > minimum required reserves of $31.00. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI 33.13% is below the minimum program requirement of 50%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 789 >89 points above guideline program minimum of 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 56.39% LTV for Subject Property is below guideline max LTV of 89.99% |

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | (No<br>Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has been with employer 31+ years <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has been with employer for 9 years. <br>CFCFS2860: Good credit history <br>- Clayton Comments: 0 x 30 in 99 months |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 39.32 is below Guidelines 50% maximum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 51.18% is below 89.99% Guidelines maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 797 exceeds Guidelines 700 minimum. |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Assets | Satisfied D A | CRDAST2670 | Asset<br>documentation<br>is insufficient<br>per guideline<br>requirements | No | Missing<br>proof<br>receipt of<br>gift<br>monies in<br>the amt.<br>of<br>$375,000 | 8/6/2025:<br>Received<br>wire<br>receipts<br>for all<br>funds<br>submitted<br>for<br>closing. | 8/6/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 12.75 years <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 768 FICO score. Minimum required 700 <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Credit reflects oldest tradeline date 11/2012, reporting 0x30 |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU<br>Score<br>4.1.<br>XXX to<br>order<br>Desk<br>Review. | 7/24/2025:<br>Received<br>AVM<br>supporting<br>value. | 7/24/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers 814 FICO score is higher than the 620 min <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 30.50 DTI is below the 45% max <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 70% LTV is below the 89.99% max |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers have owned home for over 24 years. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 79.56% is below the maximum allowable of 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 792 is above the required 720. |
| &nbsp;&nbsp;&nbsp;84 | XXXXXX | XXXXXX | IL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | LCA<br>score of<br>4.00 is<br>> than<br>2.5. | 7/11/2025:<br>AVM<br>Provided<br>supports<br>appraised<br>value. | 7/11/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Guidelines require min score of 620. Mid fico is 783. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 75%. Max allowed LTV is 89.99%. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI is calculated below max allowed. |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;85 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 34.78% DTI is below the 45% max <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 63.636% is below the 89.99% max <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers 782 Fico score is above the 620 min |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | XXXXXX | AL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrower has $944,455.39 or 122.40 months PITIA exceeds guideline required 3 months in reserve and $0.00 XXX required reserves. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers 749 FICO score exceeds the 700 minimum. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 17.77% is below the 45% max. |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | XXXXXX | NY | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Significant time at current residence, 8 years <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 8.42 years <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $1,886,448.18 or 109.25 months of PITI. Required Reserves are $34,553.94. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 0x30x58 mortgage payment history |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;88 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 778 mid score > minimum required of 700 CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 66.01 is below guideline requirements. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post-closing assets: $346,130.54 (51.27 months PITIA reserves) > required reserves of $6,751.73 x 6 = $40,510.38. |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | XXXXXX NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 811 credit score exceeds guidelines <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 60 LTV below guidelines requirements 80 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $2,534,979.92 (260.42 months PITIA) > required reserves: $9,734.23 x 3 = $29,202.69 |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | XXXXXX MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 36.21% is below Guidelines 50% maximum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 60% is below 89.99% Guidelines maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 779 exceeds Guidelines minimum required of 700. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Missing<br>Updated<br>Valuation,<br>CU/LCA<br>score is ><br>2.5. XXX<br>to order<br>Desk<br>Review. | 7/24/2025:<br>Received<br>AVM not<br>supporting<br>value.<br>Next<br>review<br>exception<br>fired. | 7/24/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Verified 60.54% LTV. Max allowed 89.99%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $129,915.06 in post closing reserves or 19.84 months PITI. Three months required. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Verified 27.53% DTI. Max allowed 50%. |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR5355 | Most<br>recent<br>FSD<br>score<br>outside<br>of<br>approved<br>variance | No | 7/24/2025:<br>Exception<br>added after<br>review of<br>trailing<br>docs:<br>Received<br>AVM with<br>FSD 14%<br>and<br>Confidence<br>score 86%.<br>Guides<br>allow max<br>FSD 13%<br>and<br>Confidence<br>90%.<br>AVM does<br>not support<br>value. Next<br>level<br>review<br>required. | 7/29/2025:<br>Received<br>CDA<br>supporting<br>value. | 7/29/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Verified 60.54% LTV. Max allowed 89.99%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $129,915.06 in post closing reserves or 19.84 months PITI. Three months required. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Verified 27.53% DTI. Max allowed 50%. |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | XXXXXX | AR | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrower has 6 years in same line of work. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 27 mos. 0x30 and 9 mos. 0x30. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 750 above program requirement 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 79.00% below program maximum 89.99%. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;93 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 75 is below guideline requirements <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $49,939.83 or 4.79 months PITI reserves exceed guidelines. <br>CFCFS1749: Additional documented income not used in qualifying <br>- Clayton Comments: B1 has a multi-year history of of both OT and bonus income. Calculated both using a YTD + 2 yr average resulting in additional monthly income of $3,189.83 not used in qualifying. |
| &nbsp;&nbsp;&nbsp;94 | XXXXXX | XXXXXX | MN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Verified 75% LTV. Max allowed 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 781 median FICO. Minimum required 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Verified 17.97% DTI. max allowed 50%. |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 39.83% is below 45% Guidelines maximum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 75% is below Guidelines 80% maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 790 is higher then Guidelines minimum 740. |

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| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | XXXXXX | NV | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 10.07 is below Guidelines maximum of 45%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 790 exceeds Guidelines minimum of 740. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Cash reserves of $688,121.47 or 27.35 months exceed Guidelines required 24 months. |
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Significant time at departure residence 10.75 years <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 25.08 years <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 818 FICO score. Minimum required 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $254,729.90 or 25.98 months of PITI; 0 required Reserves. |
| &nbsp;&nbsp;&nbsp;98 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Guidelines require min score of 720. Mid fico is 799. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 61.35%. Max allowed LTV is 89.99%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Guidelines require reserves for 3 Months PITIA. Total reserves verified in the amount of $161,164.72. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;99 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Credit | Income/<br>Employment | Satisfied C A | CRDINC2488 | Verbal<br>verification<br>of<br>employment<br>missing | No | Missing<br>Verbal<br>verification<br>of<br>employment<br>for<br>Borrower 2<br>within 10<br>business<br>days prior<br>to the note<br>date. | 7/31/2025:<br>Received<br>business<br>letter for B3<br>& B4. B2 is<br>unemployed. | 7/31/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence <br>- Clayton Comments: The borrowers have resided at current residence for 8 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO of 777 exceeds the guideline program minimum of 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $375,097.57 or 31.96 months PITI. Required PITI Reserves are 3 months \* $11,738.11 = $35,214.33 |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | XXXXXX | IL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>Affiliated<br>Business<br>Disclosure | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 805 exceeds Guidelines minimum of 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 75% is below Guidelines maximum of 89.99%. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 24.90 is below Guidelines maximum of 50%. |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 67.96 is below guideline requirements. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $4,266,460.56 or 150.44 months PITI reserves exceed guidelines. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 9 years <br>CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 799 FICO score. Minimum required 700. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Credit reflects oldest tradeline date 1/10/2001, reporting 0x30 |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3670 | TRID - Zero<br>tolerance fee<br>or fees<br>increased at or<br>prior to<br>closing<br>without a<br>valid reason<br>or not timely<br>disclosed;<br>refund<br>required<br>within 60<br>days of<br>consummation | No | Zero tolerance<br>fee increased<br>on CD XXX<br>Appraisal<br>review fee<br>$127.00 No<br>notification<br>was sent to<br>Borrower<br>Missing<br>Change of<br>circumstance ,<br>or Letter of<br>explanation,<br>corrected<br>Closing<br>Disclosure,<br>refund, proof<br>of delivery<br>within 60 days<br>of<br>consummation. | 07.31.2025<br>-COC<br>Provided. | 07.31.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers 798 FICO score is higher than the 620 min <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 49.4% is below the 95% max <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Borrower has been with current employer for 7 years. |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Borrower DTI 26% / 30%, max 50% pr guidelines <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV below guidelines max of 89.99%, LTV 73% <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been employed with XXX for 8 yrs |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;105 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3670 | TRID - Zero<br>tolerance fee<br>or fees<br>increased at or<br>prior to<br>closing<br>without a<br>valid reason<br>or not timely<br>disclosed;<br>refund<br>required<br>within 60<br>days of<br>consummation | No | $200 Zero<br>Percent<br>Tolerance<br>Violation due<br>to Final<br>442/CIR at or<br>prior to<br>closing<br>without a<br>valid Change<br>in<br>Circumstance.<br>Requires CIC,<br>or corrected<br>PCCD, copy<br>of refund<br>check, LOX<br>and<br>verification of<br>shipping. | 07.31.2025<br>-COC<br>provided. | 07.31.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 756 median FICO. Minimum required 720. |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | XXXXXX | SC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A C | Credit | Terms/<br>Guidelines | Satisfied C A | CRDTER3122 | Loan<br>documents do<br>not meet<br>guideline<br>requirements | No | Missing Fraud<br>alert cert for<br>Victim of<br>Fraudulent<br>Activity<br>reflected on<br>CBR. No<br>documentation<br>in file to<br>verify<br>borrower was<br>contacted as<br>required by<br>the alert and<br>verification<br>borrowers<br>applied for<br>this<br>transaction. | 8/6/2025:<br>Received<br>Fraud<br>Alert<br>Affidavit. | 8/6/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers have 7 years 2 months at current residence. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 809 above program requirement 700. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 43 mos. 0x30. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 75.00% below program maximum 89.99%. |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | XXXXXX | SC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A C | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Missing<br>updated<br>valuation. CU/<br>LCA > 2.5%.<br>XXX to order<br>desk review. | 7/24/2025:<br>Received<br>AVM<br>supporting<br>value. | 7/24/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers have 7 years 2 months at current residence. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 809 above program requirement 700. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 43 mos. 0x30. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 75.00% below program maximum 89.99%. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Property<br>Valuations | FEMA | Satisfied C A | PRVAFEMA217 | Natural<br>Disaster<br>Area, no<br>subsequent<br>inspection<br>(Individual) | No | FEMA<br>Declaration<br>for XXX<br>dated XXX<br>and<br>appraisal<br>dated<br>XXX. PDI<br>to be<br>ordered by<br>XXX. | 8/6/2025:<br>Received<br>clear PDI<br>report<br>dated<br>7/28/2025. | 8/6/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 778 median FICO. Minimum required 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Verified 66.08% LTV. Max allowed 89.99%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $235,598.93 in post closing reserves or 30.94 months PITI. Three months required. No additional required for REO since aggregate <1M. |
| &nbsp;&nbsp;&nbsp;108 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU score<br>over 2.5.<br>Final CD<br>shows a<br>XXX Desk<br>Review<br>fee.<br>Provide<br>Desk<br>review<br>supporting<br>value. | 7/24/2025:<br>Received<br>AVM<br>supporting<br>value. | 7/24/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers 793 FICO score is higher than the 620 min <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 51.278% is below the 89.99% max <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has 19 years in profession |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers 808 Fico score is higher than the 620 min <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 28.55% DTI is below the 45% max <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 76.316% LTV is below the 89.99% max |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;110 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Title | Satisfied D A | CRDTIL865 | Title<br>incomplete | No | Missing<br>Borrower<br>names and<br>Insured<br>Amounts<br>on<br>Preliminary<br>in file. | 7/24/2025:<br>Received<br>Final Title.<br>vesting is<br>correct. | 7/24/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has owned home for over 8 years. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 50.63% is below the maximum allowable of 89.99%. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Mortgage payment history of 17 months exceeds the required 12 months. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 784 is above the required 720. |
| &nbsp;&nbsp;&nbsp;111 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3618 | TRID -<br>Corrected<br>CD should<br>have been<br>provided;<br>Change of<br>Product or<br>Product<br>Feature not<br>disclosed at<br>least 3<br>business days<br>prior to<br>closing | No | File is<br>missing the<br>initial CD | 07.31.2025<br>- ICD<br>Provided. | 07.31.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers 779 FICO score is higher than the 620 min <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Borrowers 42.05% DTI is below the 45% max. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 75% is below the 89.99% max |
| &nbsp;&nbsp;&nbsp;111 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3626 | TRID - CD:<br>Loan<br>consummated<br>before end of<br>waiting<br>period | No | File is<br>missing the<br>initial CD | 07.31.2025<br>-ICD<br>received. | 07.31.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers 779 FICO score is higher than the 620 min <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Borrowers 42.05% DTI is below the 45% max. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 75% is below the 89.99% max |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 71.38% is below 89.99 % Guideline's maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 758 exceeds Guidelines 700 maximum. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Cash reserves of $1,005869.11 or 79.92 months exceed Guidelines 3 months required. |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV max 89.99% per guidelines; LTV 53.27% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrower fico 745; minimum 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Required 3 months PITIAMonths PITI Reserves 95.87Cash Reserves$651,795.06 |
| &nbsp;&nbsp;&nbsp;114 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 792 FICO score. Minimum required 700. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in same line of work/profession, 35 years <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 0x30x39 mortgage payment history |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;114 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | Right of<br>Rescission | Active B | CMPROR118 | ROR -<br>Disbursement<br>date is on/<br>before<br>disclosed<br>"midnight<br>of" date | No | ROR:<br>Disbursement<br>date is on<br>XXX this is<br>before<br>disclosed<br>"midnight<br>of" date<br>XXX. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 792 FICO score. Minimum required 700. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in same line of work/profession, 35 years <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 0x30x39 mortgage payment history |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | XXXXXX | OR | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers 742 FICO score is higher than the 620 min <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: The 69.944% LTV is below the 89.99% max <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been with current employer for 8 years. |
| &nbsp;&nbsp;&nbsp;116 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Verified 70% LTV. Max allowed 89.99%. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has 10 years 4 months at current job. CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $478,728.32 in post closing reserves or 58.51 months PITI. Three months reserves required: $8,181.69 X 3 = $24,545.07. |

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Max DTI 50%; Borrower DTI 34.17% <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV below 89.99% max, LTV 36.86% |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | XXXXXX MD | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 55 mos. 0x30. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 has 10 years 4 months in same line of work. B2 has 11 years 8 months in same line of work. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $106,657.17 or 8.34 months of PITI. LP AUS required reserves of $0.00. |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | XXXXXX NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 779 exceeds Guidelines minimum of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 40.96 is below Guidelines maximum of 50%. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 71.96 is below Guidelines maximum of 89.99%. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA -<br>Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the<br>loan file is<br>missing<br>documents<br>to<br>complete<br>the ATR/<br>QM<br>review<br>and render<br>an<br>accurate<br>ATR/QM<br>status. | No | Missing<br>proof that<br>HELOC<br>with XXX

#XXX has<br>been closed<br>for future<br>use. HELOC<br>was paid off<br>with sale of<br>XXX<br>however no<br>signed<br>authorization<br>to close<br>credit line or<br>proof credit<br>line has been<br>closed was<br>located in<br>file. | 8/1/2025:<br>Received<br>proof REO<br>is under<br>new<br>ownership.<br>HELOC is<br>closed. | 8/1/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 765 exceeds Guidelines minimum of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 36.54% is below Guidelines 50% maximum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 63.33% is below Guidelines maximum of 89.99%. |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Legal<br>Documents | Satisfied D A | CRDLGL2642 | Missing<br>proof that<br>HELOC<br>has been<br>paid and<br>closed to<br>future<br>draws | No | Missing<br>proof that<br>HELOC<br>with XXX

#XXX has<br>been closed<br>for future<br>use. HELOC<br>was paid off<br>with sale of<br>XXX<br>however no<br>signed<br>authorization<br>to close<br>credit line or<br>proof credit<br>line has been<br>closed was<br>located in<br>file. | 8/1/2025:<br>Received<br>proof REO<br>is under<br>new<br>ownership.<br>HELOC is<br>closed. | 8/1/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 765 exceeds Guidelines minimum of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 36.54% is below Guidelines 50% maximum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 63.33% is below Guidelines maximum of 89.99%. |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Missing<br>updated<br>valuation.<br>LCA/CU<br>score > 2.5.<br>XXX to<br>order desk<br>review. | 7/24/2025:<br>Received<br>AVM<br>supporting<br>value. | 7/24/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 765 exceeds Guidelines minimum of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 36.54% is below Guidelines 50% maximum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 63.33% is below Guidelines maximum of 89.99%. |

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------

---

| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC PMTLT 2025-J2 J15915** |

---

**Conditions Report 2.0** 

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| | |
|:---|:---|
| ***Loans in Report:*** | *120* |
| ***Loans with Conditions:*** | *56* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan Number** | **TRID Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;1 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;3 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;6 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;7 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;8 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;9 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;11 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | Yes | XXXXXX | XXXXXX D B A C | No |
| &nbsp;&nbsp;&nbsp;13 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | Yes | XXXXXX | XXXXXX C B A | No |
| &nbsp;&nbsp;&nbsp;15 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | Yes | XXXXXX | XXXXXX C A | No |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;19 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;20 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;21 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;22 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;23 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;24 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;25 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;27 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;28 | XXXXXX | Yes | XXXXXX | XXXXXX C B A | No |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;30 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;31 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;34 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | Yes | XXXXXX | XXXXXX C B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;36 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;37 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;38 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;40 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;41 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | Yes | XXXXXX | XXXXXX D B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;43 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;46 | XXXXXX | Yes | XXXXXX | XXXXXX D B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;49 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;50 | XXXXXX | Yes | XXXXXX | XXXXXX D B A | No |

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan Number** | **TRID Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | Yes | XXXXXX | XXXXXX D B A C | Not Applicable |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | Yes | XXXXXX | XXXXXX D B A | No |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;55 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;58 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;60 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;61 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;62 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;64 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;65 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | Yes | XXXXXX | XXXXXX D B A | No |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;69 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;70 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;71 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;72 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;77 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;84 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;85 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;88 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;93 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;94 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;98 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;99 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan Number** | **TRID Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;105 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | Yes | XXXXXX | XXXXXX D A C | No |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | Yes | XXXXXX | XXXXXX C A | No |
| &nbsp;&nbsp;&nbsp;108 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;110 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;111 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;114 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;116 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |

---

## Exhibit 99.3

**EXHIBIT 99.3** 

**CLAYTON RATING AGENCY ATR QM DATA FIELDS** 

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| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC PMTLT 2025-J2 J15915** |
| **Rating Agency ATR QM Data Fields** | **Rating Agency ATR QM Data Fields** |
| *Loans in Report:* | *120* |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Loan Level<br>ATR/QM<br>Status** | **Application<br>Date Prior<br>to 1/10/2014** | **TRID<br>Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **GSE<br>Eligible** | **QRM<br>Flag** | **ATR/QM<br>Total<br>Points<br>and Fees** | **Rate<br>Lock<br>Date** | **APR** | **Bwr 1<br>Employment<br>Indicator** | **Bwr 2<br>Employment<br>Indicator** | **Bwr 1 Foreign<br>National<br>Indicator** | **Bwr 2 Foreign<br>National<br>Indicator** | **Borrowers<br>Qualified<br>Through a<br>Non-Resident<br>Alien<br>Program** | **Residual<br>Income<br>Analysis<br>in File** | **ATR/<br>QM<br>Residual<br>Income** |
| &nbsp;&nbsp;&nbsp;1 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1399 | XXXXXX | 6.8902 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1419 | XXXXXX | 6.6294 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;3 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1590 | XXXXXX | 6.9004 | Retired | Retired | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 3494.4 | XXXXXX | 6.9155 | Employed | Employed | Permanent Resident Alien | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 8346.95 | XXXXXX | 6.6415 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | Yes | 0 |
| &nbsp;&nbsp;&nbsp;6 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1290 | XXXXXX | 6.8839 | Retired | Retired | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;7 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 9945 | XXXXXX | 6.5565 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;8 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1670 | XXXXXX | 6.8956 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;9 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1690 | XXXXXX | 6.8728 | Employed | Retired | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1590 | XXXXXX | 6.559 | Retired | (No Data) | U.S. Citizen | (No Data) | (No Data) | Yes | 0 |
| &nbsp;&nbsp;&nbsp;11 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.49 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.6179 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;13 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1300 | XXXXXX | 7.1425 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2629 | XXXXXX | 6.762 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;15 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 5289.62 | XXXXXX | 6.6632 | Employed | Employed | Non-Permanent Resident Alien | Non-Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 210 | XXXXXX | 6.7471 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1691.63 | XXXXXX | 6.6391 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1940 | XXXXXX | 7.0529 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | Yes | 0 |
| &nbsp;&nbsp;&nbsp;19 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2520 | XXXXXX | 7.0038 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;20 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1479 | XXXXXX | 6.647 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;21 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 7390.8 | XXXXXX | 7.4407 | Employed | Employed | U.S. Citizen | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;22 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 995 | XXXXXX | 6.7554 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;23 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 17269.88 | XXXXXX | 6.9783 | Retired | Retired | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;24 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1675 | XXXXXX | 6.6418 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;25 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 3395 | XXXXXX | 7.2855 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 8295 | XXXXXX | 6.7867 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;27 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 10298 | XXXXXX | 6.6926 | Retired | Retired | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;28 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 9923.38 | XXXXXX | 7.1706 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 895 | XXXXXX | 6.8824 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;30 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1690 | XXXXXX | 6.8871 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;31 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1370 | XXXXXX | 6.7626 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1390 | XXXXXX | 6.7744 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 13173.45 | XXXXXX | 6.6827 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;34 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 3745 | XXXXXX | 6.7787 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 995 | XXXXXX | 7.1417 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;36 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1670 | XXXXXX | 7.2698 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;37 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 11.27 | XXXXXX | 6.7843 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;38 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2504.51 | XXXXXX | 6.8638 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2035 | XXXXXX | 6.6512 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;40 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 6335.05 | XXXXXX | 6.8952 | Employed | Employed | Permanent Resident Alien | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;41 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 13810.5 | XXXXXX | 6.2766 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1695 | XXXXXX | 6.6546 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;43 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1670 | XXXXXX | 7.0332 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 6.5135 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1735 | XXXXXX | 7.3093 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;46 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 10554.99 | XXXXXX | 6.9804 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 876 | XXXXXX | 6.5062 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1673.62 | XXXXXX | 6.8979 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;49 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1525 | XXXXXX | 7.7926 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;50 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 6650 | XXXXXX | 7.0675 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 24186.4 | XXXXXX | 7.4283 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1499 | XXXXXX | 6.8937 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 17066 | XXXXXX | 7.2268 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 11115 | XXXXXX | 6.466 | Employed | Unemployed | U.S. Citizen | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;55 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 0 | XXXXXX | 6.394 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 6.5163 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 19807.2 | XXXXXX | 6.9508 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;58 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1995 | XXXXXX | 7.3344 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2316 | XXXXXX | 6.7689 | Employed | (No Data) | Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;60 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2127.5 | XXXXXX | 7.3959 | Employed | Employed | Permanent Resident Alien | U.S. Citizen | (No Data) | No | 0 |

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| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Loan Level<br>ATR/QM<br>Status** | **Application<br>Date Prior<br>to 1/10/2014** | **TRID<br>Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **GSE<br>Eligible** | **QRM<br>Flag** | **ATR/QM<br>Total<br>Points<br>and Fees** | **Rate<br>Lock<br>Date** | **APR** | **Bwr 1<br>Employment<br>Indicator** | **Bwr 2<br>Employment<br>Indicator** | **Bwr 1 Foreign<br>National<br>Indicator** | **Bwr 2 Foreign<br>National<br>Indicator** | **Borrowers<br>Qualified<br>Through a<br>Non-Resident<br>Alien<br>Program** | **Residual<br>Income<br>Analysis<br>in File** | **ATR/<br>QM<br>Residual<br>Income** |
| &nbsp;&nbsp;&nbsp;61 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 0 | XXXXXX | 5.4715 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;62 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1990 | XXXXXX | 7.0359 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | No | 1875 | XXXXXX | 6.7289 | Employed | Unemployed | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;64 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2065 | XXXXXX | 7.0743 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;65 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1557 | XXXXXX | 7.9078 | Retired | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 14626 | XXXXXX | 7.3966 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 90 | XXXXXX | 6.5925 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 125 | XXXXXX | 7.1542 | Employed | Unemployed | Permanent Resident Alien | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;69 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 13542.6 | XXXXXX | 7.1562 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;70 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1890 | XXXXXX | 6.8792 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;71 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1900 | XXXXXX | 6.6955 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;72 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.1107 | Employed | Unemployed | Permanent Resident Alien | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2065 | XXXXXX | 6.7351 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1590 | XXXXXX | 6.5158 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.5039 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 4674.88 | XXXXXX | 6.7979 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;77 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2675 | XXXXXX | 6.5154 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.5235 | Employed | (No Data) | Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 750 | XXXXXX | 7.0384 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 26170.25 | XXXXXX | 6.9388 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.4024 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 795 | XXXXXX | 6.4937 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 23044.65 | XXXXXX | 6.773 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;84 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.5471 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;85 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1165 | XXXXXX | 6.8856 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 9919.66 | XXXXXX | 7.2262 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1415 | XXXXXX | 6.9012 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;88 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.8841 | Unemployed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 550 | XXXXXX | 6.633 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1590 | XXXXXX | 6.8994 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 19520 | XXXXXX | 6.1532 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 29050.31 | XXXXXX | 6.4768 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;93 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1950 | XXXXXX | 6.9996 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;94 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2597.81 | XXXXXX | 7.2762 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 4683.59 | XXXXXX | 6.7771 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1690 | XXXXXX | 6.9408 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1695 | XXXXXX | 6.6493 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;98 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1050 | XXXXXX | 6.8828 | Employed | (No Data) | Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;99 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2090 | XXXXXX | 6.8744 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.6769 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1949 | XXXXXX | 6.7555 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 6.8909 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 13840 | XXXXXX | 6.7389 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1275 | XXXXXX | 7.2645 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | Yes | 25740 |
| &nbsp;&nbsp;&nbsp;105 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1500 | XXXXXX | 6.7606 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1085 | XXXXXX | 7.0153 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1550 | XXXXXX | 7.005 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;108 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 290.95 | XXXXXX | 6.6491 | Employed | (No Data) | Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1670 | XXXXXX | 7.1513 | Unemployed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;110 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.7506 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;111 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1095 | XXXXXX | 6.6335 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 10159.37 | XXXXXX | 6.9688 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 9898.4 | XXXXXX | 6.8618 | Employed | Retired | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;114 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 14155 | XXXXXX | 6.6052 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1390 | XXXXXX | 6.1393 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;116 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 5100.33 | XXXXXX | 6.8925 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 24144 | XXXXXX | 6.297 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1475 | XXXXXX | 7.0161 | Employed | Employed | U.S. Citizen | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 6.3625 | Employed | (No Data) | Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1990 | XXXXXX | 6.5275 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |

---

## Exhibit 99.4

**EXHIBIT 99.4** 

**CLAYTON LOAN LEVEL TAPE COMPARE UPLOAD** 

------

---

| | |
|:---|:---|
| **Client Name:** | PennyMac |
| **Client Project Name:** | PNMAC - PMTLT 2025-J2 J15915 |

---

**Loan Level Tape Compare Upload** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Borrower<br>Last Name** | **Field Name** | **Tape Data** | **Reviewer Data** |
| &nbsp;&nbsp;&nbsp;1 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | XXXXXX | Cash Reserves | 408752.60 | 36795.31 |
| &nbsp;&nbsp;&nbsp;3 | XXXXXX | XXXXXX | Disbursement Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | XXXXXX | Cash Reserves | 754574.39 | 501327.87 |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | XXXXXX | Cash Reserves | 372003.16 | 146231.98 |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | XXXXXX | Combined LTV | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | XXXXXX | Original LTV | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | XXXXXX | Property City | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | XXXXXX | Sales Price | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;6 | XXXXXX | XXXXXX | Cash Reserves | 3383360.55 | 443360.55 |
| &nbsp;&nbsp;&nbsp;7 | XXXXXX | XXXXXX | Cash Reserves | 1349386.00 | 618427.55 |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | XXXXXX | Cash Reserves | 1338924.93 | 477789.11 |
| &nbsp;&nbsp;&nbsp;11 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;13 | XXXXXX | XXXXXX | Borrower 1 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;13 | XXXXXX | XXXXXX | Cash Reserves | 74301.69 | 35825.14 |
| &nbsp;&nbsp;&nbsp;13 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | XXXXXX | Borrower 1 Total Income | 13044.97 | 3545.18 |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | XXXXXX | Cash Reserves | 657039.17 | 169206.03 |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | XXXXXX | Cash Reserves | 1262024.72 | 176657.29 |
| &nbsp;&nbsp;&nbsp;19 | XXXXXX | XXXXXX | Cash Reserves | 468633.36 | 296365.82 |
| &nbsp;&nbsp;&nbsp;20 | XXXXXX | XXXXXX | Cash Reserves | 531911.36 | 160673.65 |
| &nbsp;&nbsp;&nbsp;21 | XXXXXX | XXXXXX | Borrower 1 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;21 | XXXXXX | XXXXXX | Cash Reserves | 703959.34 | 189019.72 |
| &nbsp;&nbsp;&nbsp;23 | XXXXXX | XXXXXX | Cash Reserves | 1307168.51 | 2414939.07 |
| &nbsp;&nbsp;&nbsp;23 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 33.4090 | 29.0565 |
| &nbsp;&nbsp;&nbsp;23 | XXXXXX | XXXXXX | Original Appraisal Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;25 | XXXXXX | XXXXXX | Loan Purpose | Rate and Term Refi | Construction/Perm |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | XXXXXX | Cash Reserves | 314040.42 | 40729.62 |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | XXXXXX | Combined LTV | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | XXXXXX | Original LTV | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | XXXXXX | Cash Reserves | 176677.08 | 122288.98 |
| &nbsp;&nbsp;&nbsp;30 | XXXXXX | XXXXXX | Borrower 1 Total Income | 110839.35 | 163946.28 |
| &nbsp;&nbsp;&nbsp;30 | XXXXXX | XXXXXX | Cash Reserves | 1284858.98 | 594979.24 |
| &nbsp;&nbsp;&nbsp;30 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 35.4670 | 24.5079 |
| &nbsp;&nbsp;&nbsp;30 | XXXXXX | XXXXXX | Total Monthly Income | 110839.00 | 163946.28 |
| &nbsp;&nbsp;&nbsp;31 | XXXXXX | XXXXXX | Cash Reserves | 1127748.92 | 439993.07 |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | XXXXXX | Cash Reserves | 2528034.00 | 1013028.26 |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;34 | XXXXXX | XXXXXX | Cash Reserves | 795667.80 | 130566.83 |
| &nbsp;&nbsp;&nbsp;36 | XXXXXX | XXXXXX | Cash Reserves | 484002.31 | 158859.16 |
| &nbsp;&nbsp;&nbsp;37 | XXXXXX | XXXXXX | Cash Reserves | 383774.04 | 15019.27 |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | Borrower 2 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | Cash Reserves | 141984.59 | 45928.93 |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;40 | XXXXXX | XXXXXX | Cash Reserves | 1037130.63 | 53624.39 |
| &nbsp;&nbsp;&nbsp;41 | XXXXXX | XXXXXX | Cash Reserves | 646218.16 | 73258.21 |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | XXXXXX | Cash Reserves | 800373.89 | 471842.42 |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;43 | XXXXXX | XXXXXX | Cash Reserves | 660162.32 | 395162.32 |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | XXXXXX | Cash Reserves | 1264509.73 | 636622.72 |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | XXXXXX | Combined LTV | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | XXXXXX | Original LTV | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | XXXXXX | Cash Reserves | 181570.30 | 35282.13 |
| &nbsp;&nbsp;&nbsp;46 | XXXXXX | XXXXXX | Cash Reserves | 736064.69 | 237059.64 |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible—LP AUS Only |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX | Cash Reserves | 2464937.92 | 779647.17 |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | XXXXXX | Cash Reserves | 294336.52 | 133217.53 |
| &nbsp;&nbsp;&nbsp;49 | XXXXXX | XXXXXX | Cash Reserves | 307815.59 | 71530.95 |
| &nbsp;&nbsp;&nbsp;50 | XXXXXX | XXXXXX | Cash Reserves | 446829.00 | 117219.06 |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | XXXXXX | Disbursement Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | XXXXXX | Cash Reserves | 689556.19 | 165168.54 |
| &nbsp;&nbsp;&nbsp;55 | XXXXXX | XXXXXX | Cash Reserves | 534629.32 | 129677.13 |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | XXXXXX | Total Cash Out | 128054.19 | 185458.04 |
| &nbsp;&nbsp;&nbsp;58 | XXXXXX | XXXXXX | Cash Reserves | 245428.05 | 75739.09 |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | XXXXXX | Cash Reserves | 366252.11 | 149980.14 |
| &nbsp;&nbsp;&nbsp;60 | XXXXXX | XXXXXX | Cash Reserves | 552436.55 | 150617.18 |
| &nbsp;&nbsp;&nbsp;61 | XXXXXX | XXXXXX | Cash Reserves | 9344493.06 | 6727935.55 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Borrower<br>Last Name** | **Field Name** | **Tape Data** | **Reviewer Data** |
| &nbsp;&nbsp;&nbsp;62 | XXXXXX | XXXXXX | Cash Reserves | 1164171.76 | 826901.39 |
| &nbsp;&nbsp;&nbsp;62 | XXXXXX | XXXXXX | Property Type | Low Rise Condo (1-4) | High Rise Condo (9+) |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible—LP AUS Only |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;64 | XXXXXX | XXXXXX | Cash Reserves | 827979.72 | 294652.10 |
| &nbsp;&nbsp;&nbsp;65 | XXXXXX | XXXXXX | Cash Reserves | 2915720.64 | 5047810.59 |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | XXXXXX | Cash Reserves | 483248.34 | 180678.51 |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | XXXXXX | Disbursement Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | XXXXXX | Cash Reserves | 494378.00 | 82018.75 |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | XXXXXX | Sales Price | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;69 | XXXXXX | XXXXXX | Borrower 2 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;69 | XXXXXX | XXXXXX | Cash Reserves | 986535.88 | 1392044.63 |
| &nbsp;&nbsp;&nbsp;71 | XXXXXX | XXXXXX | Cash Reserves | 1136762.97 | 782431.75 |
| &nbsp;&nbsp;&nbsp;72 | XXXXXX | XXXXXX | Cash Reserves | 518284.10 | 207550.55 |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | XXXXXX | Cash Reserves | 363577.99 | 616737.55 |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | XXXXXX | Combined LTV | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | XXXXXX | Original LTV | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | XXXXXX | Total Cash Out | 102085.16 | 102397.90 |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | Cash Reserves | 2017349.34 | 855289.08 |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | XXXXXX | Cash Reserves | 1570863.45 | 578758.40 |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | XXXXXX | Cash Reserves | 1487712.21 | 602042.40 |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | XXXXXX | Property Type | Detached PUD | Attached PUD |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | XXXXXX | Cash Reserves | 1292212.00 | 324415.18 |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | XXXXXX | Cash Reserves | 614140.54 | 55406.47 |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | XXXXXX | Cash Reserves | 420794.65 | 71155.95 |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | XXXXXX | Cash Reserves | 585796.45 | 66272.85 |
| &nbsp;&nbsp;&nbsp;84 | XXXXXX | XXXXXX | Cash Reserves | 1563974.48 | 1123370.21 |
| &nbsp;&nbsp;&nbsp;85 | XXXXXX | XXXXXX | Cash Reserves | 1411480.83 | 723699.21 |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | XXXXXX | Cash Reserves | 3063306.53 | 1886448.18 |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | XXXXXX | Borrower 1 Total Income | 23868.80 | 31317.26 |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | XXXXXX | Cash Reserves | 222463.96 | 129915.06 |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | XXXXXX | Combined LTV | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 38.3720 | 28.1279 |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | XXXXXX | Total Monthly Income | 23869.00 | 31317.26 |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | XXXXXX | Cash Reserves | 332635.32 | 90991.81 |
| &nbsp;&nbsp;&nbsp;93 | XXXXXX | XXXXXX | Cash Reserves | 75371.91 | 49939.83 |
| &nbsp;&nbsp;&nbsp;93 | XXXXXX | XXXXXX | Disbursement Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;94 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;94 | XXXXXX | XXXXXX | Cash Reserves | 563498.21 | 154607.70 |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | XXXXXX | Cash Reserves | 1100982.58 | 371378.21 |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | XXXXXX | Cash Reserves | 1728291.28 | 688121.47 |
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | XXXXXX | Cash Reserves | 922900.60 | 254729.90 |
| &nbsp;&nbsp;&nbsp;98 | XXXXXX | XXXXXX | Cash Reserves | 645702.88 | 161164.72 |
| &nbsp;&nbsp;&nbsp;99 | XXXXXX | XXXXXX | Cash Reserves | 2025662.98 | 375097.57 |
| &nbsp;&nbsp;&nbsp;99 | XXXXXX | XXXXXX | Disbursement Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible—LP AUS Only |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | XXXXXX | Cash Reserves | 923899.58 | 551462.72 |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | XXXXXX | Cash Reserves | 1481364.73 | 176221.52 |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | XXXXXX | Cash Reserves | 492321.99 | 251967.06 |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;105 | XXXXXX | XXXXXX | Cash Reserves | 1401445.92 | 95716.03 |
| &nbsp;&nbsp;&nbsp;105 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 48.5850 | 39.0286 |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | XXXXXX | Cash Reserves | 536287.30 | 1406968.02 |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | XXXXXX | Cash Reserves | 873077.38 | 235348.93 |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;108 | XXXXXX | XXXXXX | Cash Reserves | 1153347.51 | 196485.43 |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | XXXXXX | Cash Reserves | 1291532.01 | 827874.70 |
| &nbsp;&nbsp;&nbsp;110 | XXXXXX | XXXXXX | Cash Reserves | 2227100.93 | 373633.66 |
| &nbsp;&nbsp;&nbsp;110 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 42.4840 | 34.7907 |
| &nbsp;&nbsp;&nbsp;111 | XXXXXX | XXXXXX | Cash Reserves | 255248.35 | 105175.52 |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible—LP AUS Only |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | XXXXXX | Cash Reserves | 1654824.64 | 1005869.11 |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | XXXXXX | Cash Reserves | 305816.86 | 651795.06 |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | XXXXXX | Cash Reserves | 731927.55 | 420063.41 |
| &nbsp;&nbsp;&nbsp;116 | XXXXXX | XXXXXX | Cash Reserves | 894388.00 | 478728.32 |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | XXXXXX | Cash Reserves | 3074311.38 | 482797.55 |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | XXXXXX | Cash Reserves | 592651.53 | 106657.17 |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | XXXXXX | Cash Reserves | 985790.91 | 257926.85 |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | XXXXXX | Cash Reserves | 1108421.49 | 186634.48 |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | Combined LTV | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | Original LTV | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | Sales Price | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | XXXXXX | Cash Reserves | 1279143.80 | 511745.70 |
| &nbsp;&nbsp;&nbsp;22 | XXXXXX | XXXXXX | Cash Reserves | 661195.40 | 434180.40 |
| &nbsp;&nbsp;&nbsp;22 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 21.9360 | 15.8182 |
| &nbsp;&nbsp;&nbsp;28 | XXXXXX | XXXXXX | Cash Reserves | 690219.22 | 155022.32 |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | XXXXXX | Cash Reserves | 239329.21 | 15414.56 |

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<sup>©</sup>2025 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.

## Exhibit 99.5

**EXHIBIT 99.5** 

**CLAYTON VALUATIONS SUMMARY** 

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| | |
|:---|:---|
| **Client Name:** | PennyMac |
| **Client Project Name:** | PNMAC PMTLT 2025-J2 J15915 |
| **Valuations Summary** |  |
| *Loans in Report:* | *120* |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Desk Review** | **Desk Review** | **Desk Review** | **Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Field Review** | **Field Review** | **Field Review** | **Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **Other** | **Other** | **Other** | **Other** | **Other** | **AUS<br>Information** | |
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Original<br>Balance** | **Sales<br>Price** | **Value For<br>LTV** | **Appraised<br>Date** | **Appraised<br>Value** | **Appraisal<br>Form** | **AVM<br>Vendor<br>Name** | **Confidence<br>Score** | **Review<br>Date** | **Review<br>Value** | **Variance<br>Amount** | **Variance%** | **Review<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **AVM<br>Vendor<br>Name** | **AVM<br>FSD** | **Confidence<br>Score** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance%** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Report<br>Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Other - Valuation<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **CU / LCA<br>Score** | **Valuation<br>Comments** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | 1.50% | XXXXXX | 4.000 | 96.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 0.21% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 13 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% | Desk |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 14 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 16 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 17 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 18 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 999 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 21 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 22 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% | XXXXXX | XXXXXX | XXXXXX | 0.97% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 23 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 0.80% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 24 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 26 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 27 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 29 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 30 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 31 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 32 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -0.13% | XXXXXX | 32.000 | 68.00 | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 34 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 35 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 36 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 37 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 38 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 39 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 40 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |

---

------

---

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| | | | | | | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Desk Review** | **Desk Review** | **Desk Review** | **Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Field Review** | **Field Review** | **Field Review** | **Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **Other** | **Other** | **Other** | **Other** | **Other** | **AUS<br>Information** | |
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Original<br>Balance** | **Sales<br>Price** | **Value For<br>LTV** | **Appraised<br>Date** | **Appraised<br>Value** | **Appraisal<br>Form** | **AVM<br>Vendor<br>Name** | **Confidence<br>Score** | **Review<br>Date** | **Review<br>Value** | **Variance<br>Amount** | **Variance%** | **Review<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **AVM<br>Vendor<br>Name** | **AVM<br>FSD** | **Confidence<br>Score** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance%** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Report<br>Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Other - Valuation<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **CU / LCA<br>Score** | **Valuation<br>Comments** |
| &nbsp;&nbsp;&nbsp;&nbsp; 41 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 42 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -9.62% | XXXXXX | 13.000 | 87.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 43 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 44 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 46 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -5.56% | XXXXXX | 6.000 | 94.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -0.72% | XXXXXX | 8.000 | 92.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 48 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -4.29% | XXXXXX | 6.000 | 94.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 49 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 50 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 51 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | 0.71% | XXXXXX | 6.000 | 94.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 52 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 53 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 54 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 55 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 57 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 58 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 60 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 61 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 62 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 63 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 64 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 65 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 66 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -9.80% | XXXXXX | 6.000 | 94.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 67 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 68 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 69 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -0.72% | XXXXXX | 7.000 | 93.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 70 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | 0.57% | XXXXXX | 8.000 | 92.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 71 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 72 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 73 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 74 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 75 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 76 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 77 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | 0.00% | XXXXXX | 8.800 | 91.20 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 78 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 80 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.1 |  |

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| | | | | | | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Desk Review** | **Desk Review** | **Desk Review** | **Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Field Review** | **Field Review** | **Field Review** | **Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **Other** | **Other** | **Other** | **Other** | **Other** | **AUS<br>Information** | |
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Original<br>Balance** | **Sales<br>Price** | **Value For<br>LTV** | **Appraised<br>Date** | **Appraised<br>Value** | **Appraisal<br>Form** | **AVM<br>Vendor<br>Name** | **Confidence<br>Score** | **Review<br>Date** | **Review<br>Value** | **Variance<br>Amount** | **Variance%** | **Review<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **AVM<br>Vendor<br>Name** | **AVM<br>FSD** | **Confidence<br>Score** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance%** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Report<br>Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Other - Valuation<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **CU / LCA<br>Score** | **Valuation<br>Comments** |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 82 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -0.48% | XXXXXX | 4.000 | 96.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -0.03% | XXXXXX | 3.000 | 97.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 85 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 86 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 87 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | -9.23% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | -3.92% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 89 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 90 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 91 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -2.22% | XXXXXX | 14.000 | 86.00 | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 92 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 93 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 94 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 96 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 7.30% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 97 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 98 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 99 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 100 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 101 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 0.95% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 104 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 105 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 106 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -0.83% | XXXXXX | 3.000 | 97.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 107 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 108 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -0.87% | XXXXXX | 3.000 | 97.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 110 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 1.27% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 111 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 113 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 114 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 115 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 116 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 117 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 118 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 119 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | 1.86% | XXXXXX | 5.000 | 95.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 120 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | 0.50% | XXXXXX | 5.000 | 95.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.6 |  |

---

## Exhibit 99.6

**EXHIBIT 99.6** 

**CONSOLIDATED ANALYTICS, INC. ("CONSOLIDATED ANALYTICS") DUE DILIGENCE EXECUTIVE SUMMARY** 

------

![LOGO](g97638g0814032754516.jpg)

**EXECUTIVE SUMMARY** 

**THIRD PARTY DUE DILIGENCE REVIEW** 

**August 8, 2025** 

**Overview** 

Consolidated Analytics, Inc ("Consolidated Analytics"), a third-party due diligence provider, performed the review described below on residential mortgage loans acquired by PennyMac Corp. (the "Client"). The review included a total of 111 residential mortgage loans in connection with the securitization identified as PMTLT 2025-J2 (the "Securitization"). The Review was conducted from April 2025 through August 2025 on mortgage loans originated between January 2025 and June 2025.

**Scope of Review** 

**Credit Review** 

Consolidated Analytics performed a "Credit Review" to verify compliance with guidelines in effect at the time of loan origination, or other guidelines provided by Client prior to review, and ensure the characteristics used by the underwriter are supported by the file documentation; and determine whether any loans outside of those guidelines contain legitimate and approved exceptions with compensating factors.

The Credit Review attempted to confirm the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. QM or ATR Validation / Review of 8 Key Underwriting Factors

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Income / Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Validate borrower(s) monthly gross income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Validate funds required to close, required reserves

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Review file documentation for required level of income and asset verifications

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Employment Status

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Review file documentation for required level of employment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Monthly Mortgage Payment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Confirm program, qualifying rate, terms

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Simultaneous Loans

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Validate all concurrent loans are included in the DTI to properly assess the ability to repay

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Mortgage Related Obligations: PITI, HOA, PMI, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Validate subject loan monthly payment (PITI) and associated obligations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Debts / Obligations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Validate monthly recurring liabilities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. DTI and/or Residual Income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Validate debt-to-income ratio
(DTI) based upon income and debt documentation provided in the file

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Documentation meets Appendix Q requirements for QM Loans

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. Credit History

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Review credit report for credit history and required credit depth including any / all inquiries

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Determine representative credit score from credit report

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Validate loan-to-value (LTV)
and combined loan-to-value

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Review borrower's occupancy

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Validation through third party resource of the subject properties most recent twelve (12) month sales
history

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Confirm sufficient evidence in loan file, by reviewing the underwriter's decision to approve the loan
based upon the borrows income, debt, and credit history, to support borrower's willingness and ability to repay the debt

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Confirm that Final 1003 is sufficiently completed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Provide Audit 1008 with accurate data based on file documentation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Confirm Loan Approval conditions were met

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Review condominium questionnaire to verify all information is complete, prepared by an authorized
representative, and address any red flags that may deem condominium project ineligible

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. General QM for any loans originated under the GQM Rule

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Pricing Thresholds:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Pricing for First Lien Loans:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 2.25% for a first-lien covered transaction with a loan amount greater than or equal to the applicable dollar
amount threshold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 3.5% for a first-lien covered transaction with a loan amount greater than or equal to the applicable dollar
amount threshold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. 6.5% for a first-lien covered transaction with a loan amount less than the applicable dollar amount threshold.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Pricing for Subordinate Lien Loans:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 3.5% for a subordinate-lien covered transaction with a loan amount greater than or equal to the applicable
dollar amount threshold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 6.5% for a subordinate-lien covered transaction with a loan amount less than the applicable dollar amount
threshold.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Pricing for Manufactured Homes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 2.25% for a first-lien covered transaction secured by a manufactured home with a loan amount equal to or
greater than the applicable dollar amount threshold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 6.5% for a covered transaction secured by a manufactured home with a loan amount less than applicable dollar
amount threshold.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Consider Income and Assets:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Consumer's current or reasonably expected income or assets (other than the value of the dwelling that
secures the loan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The consumer's debt obligations, alimony, child support; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The monthly DTI or residual income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Verification of Income and Assets:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Verification in compliance with one of the "safe harbor" guidelines will meet the QM verification
requirement. A creditor is allowed to "mix and match" provisions of the different guidelines rather than only apply one guideline per loan.

The specific guidelines that the CFPB is designating for the safe harbor are: The GQM Rule provides that if the creditor verifies the consumer's income or assets, debt obligations, alimony, child support, and monthly DTI or residual income by meeting the standards of certain specified third-party underwriting manuals, then a creditor is presumed to have complied with the verification requirement. These specified manuals are:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Chapters B3-3 through B3-6 of
the Fannie Mae Single Family Selling Guide, published June 3, 2020;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Sections 5102 through 5500 of the Freddie Mac Single-Family Seller/Servicer Guide, published June 10,
2020;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Sections II.A.1 and II.A.4-5 of the Federal Housing
Administration's Single Family Housing Policy Handbook, issued October 24, 2019;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Chapter 4 of the U.S. Department of Veterans Affairs' Lenders Handbook, revised February 22, 2019;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Chapter 4 of the U.S. Department of Agriculture's Field Office Handbook for the Direct Single Family
Housing Program, revised March 15, 2019; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Chapters 9 through 11 of the U.S. Department of Agriculture's Handbook for the Single Family Guaranteed
Loan Program, revised March 19, 2020.

**Compliance Review** 

Consolidated Analytics performed a "Compliance Review" to determine, as applicable, to the extent possible and subject to the caveats below, whether the loan complies with applicable regulatory requirements as noted below, each as amended, restated and/or replaced from time to time. In relation to cash out refinances of investment property loans, documentation provided in the loan file will be reviewed only to validate the use of cash out proceeds for business purposes at the origination/consummation of the loan. In the event use of proceeds cannot be validated, or are deemed to be utilized for consumer purposes, the loan would then be subject to a "Compliance Review" of applicable regulatory requirements as noted below, each as amended, restated and/or replaced from time to time. The Compliance Review included the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Test Loan Estimate(s) for accuracy and completeness as well as timing requirements as required by TRID
Regulations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Test Closing Disclosure(s) for accuracy and completeness as well as timing requirements as required by TRID
Regulations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Tolerance Testing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Compare Loan Estimate and Closing Disclosures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Identify Tolerance Violations and applicable cost to cure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Comprehensive review of Closing Disclosure to determine transaction accuracy

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Recalculation of APR and Finance Charge

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Testing of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Federal High Cost Mortgage provisions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Federal Higher Priced Mortgage Loans provisions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Local and/or State Anti-predatory and High Cost provisions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. HOEPA Points and Fees

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Determine whether specified federal disclosures were provided timely based upon comparison of the application
date to the dates on such disclosures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Service Provider List

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Home Ownership Counselling Disclosure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. ARM Disclosure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Compliance with QM as it relates to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. APR Test

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Points & Fees Test

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Prepayment Penalty Test

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Product Eligibility Testing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Notice of Right to Cancel (Rescission) Review

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Confirm transaction date, expiration date, and disbursement date

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Confirm document is properly executed by all required parties to the transaction

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Confirm the correct Right of Rescission document was executed for the transaction type

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Confirm through NMLS the loan originator and originating firm's license status was active and properly
disclosed on appropriate loan documents

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Check the Loan participants against the exclusionary list provided by Client or by the purchaser of the Loan(s)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. Review closing documents to ensure that the Mortgage Loan information is complete, accurate, and consistent
with other documents; Confirm collateral documents have been recorded or sent for recording

The Compliance Review did not include any federal, state or local laws, constitutional provisions, regulations or ordinances that are not expressly enumerated above. Furthermore, the findings reached by Consolidated Analytics are dependent upon its receiving complete and accurate data regarding the loans from loan originators and other third parties upon which Consolidated Analytics is relying in reaching such findings.

**Valuation Review** 

Consolidated Analytics performed a "Valuation Review," which included the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Review original appraisal, determination that property is in "average" condition or better, or
property requires cosmetic improvements (as defined by the appraiser) that do not affect habitability. Should an area of concern be identified with the condition of the property, Consolidated Analytics will alert Client.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Review appraisal, determination that property is completely constructed and appraisal is on an "as is
basis," or property is identified as not completely constructed by originating appraiser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Review and determine if the appraisal report was performed on appropriate GSE forms and if the appraiser
indicated in the body of the subject appraisal that the appraisal conforms to USPAP standards.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Review and determine the relevance of the comparable properties and ensure that a rational and reliable value
was provided and supported as of the effective date of the Origination Appraisal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Review adjustments (line item, net and gross adjustments) to ensure they are reasonable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Ensure that the appraisal conforms to the guidelines provided from the Client.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Review appraisal to ensure all required documents were included.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Review location map provided within the appraisal for external obsolescence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Ensure highest and best use and zoning complies with guidelines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Confirm there are no marketability issues that affect the subject property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Ensure subject property does not suffer any functional obsolescence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. Where applicable, determine if the file did not contain the appraisal or other valuation method and a review
could not be performed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m. Additional valuation products were not required when the CU score provided was 2.5 or below. In the event the
CU score was greater than 2.5, an additional valuation product was obtained to confirm value was supported within 10% tolerance. In some instances, CDA's were ordered on loans that had an acceptable CU score based on guidance from the seller.

Consolidated Analytics applied a cascade methodology to determine if the original appraised value was reasonably supported when compared to an independent third party valuation product.

------

For loans reviewed in a post-close valuation review scenario (111 loans in total):

Five (5) loans had a Secondary Appraisal, forty-three (43) loans had an AVM, seventy-three (73) loans had Desktop Reviews, and zero (0) loans had Field Reviews. Consolidated Analytics has independent access to the Desktop Reviews ordered by the Client.

If a loan with an AVM or Desktop Review fell outside of a -10% tolerance, had a confidence score less than 90, or was inconclusive, then a Field Review or a 2nd Appraisal (Secondary Appraisal or Exterior Only Appraisal) was completed. There were zero (0) occurrences of this.

There were zero (0) PIW loans.

**Product totals may not sum due to multiple products for each loan** 

**TAPE INTEGRITY REVIEW RESULTS SUMMARY** 

Of the one-hundred eleven (111) mortgage loans reviewed, one-hundred six (106) unique mortgage loans (95.50% by loan count) had a total of six hundred ninety-nine (699) discrepancies across forty (40) data fields. A blank or zero value on the data tape when an actual value was captured by Consolidated Analytics was not treated as a data variance.

---

| | | |
|:---|:---|:---|
| **Fields Reviewed** | **Discrepancy Count** | **Percentage** |
|  Total Qualified Assets Post-Close | 97 | 13.88% |
|  Qualifying Total Reserves Number of Months | 77 | 11.02% |
|  Total Qualified Assets for Reserves Post-Close | 72 | 10.30% |
|  All Other Payments | 56 | 8.01% |
|  Qualifying Total Debt Income Ratio | 47 | 6.72% |
|  Qualifying Housing Debt Income Ratio | 43 | 6.15% |
|  Qualifying LTV | 41 | 5.87% |
|  Qualifying CLTV | 40 | 5.72% |
|  Cash to Close | 38 | 5.44% |
|  Total Monthly Property Insurance Amount | 31 | 4.43% |
|  Borrower 1 Qualifying Income | 22 | 3.15% |
|  Qualifying HLTV | 22 | 3.15% |
|  Monthly Property Tax Amount | 18 | 2.58% |
|  Borrower 1 Self-Employment Flag | 11 | 1.57% |
|  Qualifying FICO | 11 | 1.57% |
|  Borrower 2 Origination FICO | 9 | 1.29% |
|  Borrower 2 Qualifying Income | 6 | 0.86% |
|  Application Date | 6 | 0.86% |
|  Primary Appraised Property Value | 5 | 0.72% |
|  Total Closing Costs | 5 | 0.72% |
|  Secondary Appraised Property Value | 4 | 0.57% |
|  Borrower 1 Origination FICO | 4 | 0.57% |
|  Amortization Term | 3 | 0.43% |
|  Term | 3 | 0.43% |

---

------

---

| | | |
|:---|:---|:---|
|  Appraisal 2 Appraisal Company | 3 | 0.43% |
|  Borrower 1 Last Name | 3 | 0.43% |
|  Borrower 1 FTHB | 3 | 0.43% |
|  Monthly HOA $ | 2 | 0.29% |
|  Borrower 2 Last Name | 2 | 0.29% |
|  Total Other REO Net Rental Income | 2 | 0.29% |
|  Occupancy | 2 | 0.29% |
|  Borrower 2 Self-Employment Flag | 2 | 0.29% |
|  Sales Price | 2 | 0.29% |
|  Borrower 2 First Name | 1 | 0.14% |
|  Loan Purpose | 1 | 0.14% |
|  Number of Units | 1 | 0.14% |
|  Property County | 1 | 0.14% |
|  Interested Party Contributions | 1 | 0.14% |
|  Borrower 1 First Name | 1 | 0.14% |
|  Property Address | 1 | 0.14% |
|  **Grand Total** | **699** | **100.00%** |

---

**Summary of Results** 

**OVERALL RESULTS SUMMARY** 

**Final Loan Grades** 

**Overall Loan Results:** 

---

| | | | |
|:---|:---|:---|:---|
| **Event Grade** | **Loan Count** | **Original Principal Balance** | **Percent of Sample** |
|  Event Grade A | 103 | $137096280.00 | 92.79% |
|  Event Grade B | 8 | $10426750.00 | 7.21% |
|  Event Grade C | 0 | $0.00 | 0% |
|  Event Grade D | 0 | $0.00 | 0% |
|  **Total Sample** | 111 | $147523030.00 | 100.00% |

---

**Credit Results:**

---

| | | |
|:---|:---|:---|
| **Event Grade** | **Loan Count** | **Percent of Sample** |
|  Event Grade A | 110 | 99.10% |
|  Event Grade B | 1 | 0.90% |
|  Event Grade C | 0 | 0% |
|  Event Grade D | 0 | 0% |
|  **Total Sample** | 111 | 100.00% |

---

------

**Compliance Results:**

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| | | |
|:---|:---|:---|
| **Event Grade** | **Loan Count** | **Percent of Sample** |
|  Event Grade A | 104 | 93.69% |
|  Event Grade B | 7 | 6.31% |
|  Event Grade C | 0 | 0% |
|  Event Grade D | 0 | 0% |
|  **Total Sample** | 111 | 100.00% |

---

**Valuation Results:**

---

| | | |
|:---|:---|:---|
| **Event Grade** | **Loan Count** | **Percent of Sample** |
|  Event Grade A | 111 | 100.00% |
|  Event Grade B | 0 | 0% |
|  Event Grade C | 0 | 0% |
|  Event Grade D | 0 | 0% |
|  **Total Sample** | 111 | 100.00% |

---

**Exception Category Summary** 

The table below summarizes the individual exceptions which carried an associated "A", "B", "C", or "D" level exception grade. One loan may have carried more than one exception. In such cases, the exception with the lowest grade would drive the loan grade for that particular area of the review. The overall loan grade is the lowest grade for any one particular review scope (ex. a loan with a Compliance Grade of "B", a Credit Grade of "A", and a Property Grade of "A" would receive an overall Loan Grade of "B").

---

| | | | |
|:---|:---|:---|:---|
| **Exception<br>Type** | **Exception<br>Level<br>Grade** | **Exception Category** | **Total** |
|  |  | HMDA Data Tape Not Provided | 110 |
|  |  | HMDA Discrepancy(s) Noted | 63 |
|  |  | ULI Number on URLA does not match ULI Number provided by the Lender | 7 |
|  Credit | A | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | 6 |
|  |  | Third Party Fraud Report not Provided | 6 |
|  |  | Title Document Missing | 6 |
|  |  | AUS Partially Provided | 5 |

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------

---

| | |
|:---|:---|
| The Total Hazard Coverage is LESS than the Required Coverage Amount | 4 |
| Title Coverage is Less than Subject Lien | 3 |
| The Deed of Trust is Incomplete | 2 |
| The Note is Missing | 2 |
| Borrower 1 3rd Party VOE Prior to Close Missing | 2 |
| Asset Qualification Does Not Meet Guideline Requirements | 2 |
| Borrower 1 Credit Report is Incomplete | 2 |
| Purchase Contract is Incomplete | 2 |
| Missing Property Tax Cert | 2 |
| Missing US Patriot Act Disclosure or ID | 2 |
| Income and Employment Do Not Meet Guidelines | 2 |
| Borrower 1 Personal Tax Returns Missing | 1 |
| Borrower 1 IRS Transcripts Missing | 1 |
| Audited Reserves are less than AUS Required Reserves (Number of Months) | 1 |
| Asset 5 Does Not Meet Guideline Requirements | 1 |
| The Final 1003 is Incomplete | 1 |
| Missing income documentation | 1 |
| FEMA Declared Disaster - For Information Only | 1 |
| Missing Letter of Explanation (Credit) | 1 |
| HO6 Master Insurance Policy is Missing | 1 |
| AUS Not Provided | 1 |
| The Deed of Trust is Missing | 1 |
| Asset 8 Does Not Meet Guideline Requirements | 1 |
| The Final 1003 is Missing | 1 |

---

------

---

| | | |
|:---|:---|:---|
|  | Audited DTI Exceeds AUS DTI | 1 |
|  | Borrower 2 Citizenship Documentation not provided | 1 |
|  | Note Address Does Not Match Deed of Trust Address | 1 |
|  | Hazard Insurance Effective Date is after the Disbursement Date | 1 |
|  | Potential Employment/income Issues identified in the file | 1 |
|  | Audited Reserves are less than Guideline Required Reserves (Dollar Amount) | 1 |
|  | Audited DTI Exceeds Guideline DTI | 1 |
|  | Purchase Contract is Missing | 1 |
|  | ***Total Credit Grade (A) Exceptions:*** | ***249*** |
|  | Hazard Insurance Effective Date is after the Disbursement Date | 1 |
|  | ***Total Credit Grade (B) Exceptions:*** | ***1*** |
|  | Missing Required Affiliated Business Disclosure | 16 |
|  | Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1)) | 13 |
|  | Charges That In Total Cannot Increase More Than 10% Test | 3 |
|  | Charges That Cannot Increase Test | 3 |
|  | Qualified Mortgage Lending Policy Points and Fees Test | 2 |
| Compliance A | TRID: Missing Closing Disclosure | 1 |
|  | O.C.G.A. § 7-6a-2(12)(G)(ii) - Attorney Preference, Right to Choose Attorney disclosure was not provided | 1 |
|  | Initial Closing Disclosure Delivery Date Test | 1 |
|  | Homeownership Counseling Disclosure Is Missing | 1 |
|  | Initial Closing Disclosure Delivery Date and Changed Circumstances Date Test | 1 |
|  | ***Total Compliance Grade (A) Exceptions:*** | ***42*** |

---

------

---

| | | |
|:---|:---|:---|
| B | Charges That Cannot Increase Test | 3 |
|  | Charges That In Total Cannot Increase More Than 10% Test | 2 |
|  | Missing Required Affiliated Business Disclosure | 1 |
|  | TILA Finance Charge Test | 1 |
|  | Lender Credits That Cannot Decrease Test | 1 |
|  | ***Total Compliance Grade (B) Exceptions:*** | ***8*** |
|  | Third Party Valuation Product Not Provided within 10% Tolerance | 37 |
|  | Subject property appraisal is not on an as-is basis (Primary Value) | 3 |
|  | FEMA Post Disaster Inspection Report not Provided | 2 |
| Property A | FEMA Declared Disaster Dated Prior to the Note Date, After Appraisal Date | 1 |
|  | Appraisal is Missing | 1 |
|  | Appraisal is Expired | 1 |
|  | HOA Questionnaire is Missing | 1 |
|  | ***Total Property Grade (A) Exceptions:*** | ***46*** |

---

**Event Grade Definitions** 

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **Final Loan Grade** | &nbsp;&nbsp;&nbsp; **Final Loan Grade** |
| &nbsp;&nbsp;&nbsp;A | Loan meets Credit, Compliance, and Valuation Guidelines<br>|
| &nbsp;&nbsp;&nbsp;B | The loan substantially meets published Client/Seller guidelines and/or eligibility in the validation of income, assets, or credit, is in material compliance with all applicable laws and regulations, and the value and valuation methodology is supported and substantially meets published guidelines.<br>|
| &nbsp;&nbsp;&nbsp;C | The loan does not meet the published guidelines and/or violates one material law or regulation, and/or the value and valuation methodology is not supported or did not meet published guidelines.<br>|
| &nbsp;&nbsp;&nbsp;D | Loan is missing documentation to perform a sufficient review.<br>|

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **Credit Event Grades** | &nbsp;&nbsp;&nbsp; **Credit Event Grades** |
| &nbsp;&nbsp;&nbsp;A | The loan meets the published guidelines without any exceptions. The employment, income, assets and occupancy are supported and justifiable. The borrower's willingness and ability to repay the loan is documented and reasonable.<br>|

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **Credit Event Grades** | &nbsp;&nbsp;&nbsp; **Credit Event Grades** |
| &nbsp;&nbsp;&nbsp;B | The loan substantially meets the published guidelines but reasonable compensating factors were considered and documented for exceeding published guidelines. The employment, income, assets and occupancy are supported and justifiable. The borrower's willingness and ability to repay the loan is documented and reasonable.<br>|
| &nbsp;&nbsp;&nbsp;C | The loan does not substantially meet the published guidelines. There are not sufficient compensating factors that justify exceeding the published guidelines. The employment, income, assets or occupancy are not supported and justifiable. The borrower's willingness and ability to repay the loan were not documented or are unreasonable.<br>|
| &nbsp;&nbsp;&nbsp;D | There was not sufficient documentation to perform a review or the credit file was not furnished.<br>|

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **Compliance Event Grades** | &nbsp;&nbsp;&nbsp; **Compliance Event Grades** |
| &nbsp;&nbsp;&nbsp;A | The loan is in compliance with all applicable laws and regulations. The legal documents accurately reflect the agreed upon loan terms and are executed by all applicable parties.<br>|
| &nbsp;&nbsp;&nbsp;B | The loan is in material compliance with all applicable laws and regulations. The legal documents accurately reflect the agreed upon loan terms and are executed by all applicable parties. Client review required.<br>|
| &nbsp;&nbsp;&nbsp;C | The loan violates one material law or regulation. The material disclosures are absent or the legal documents do not accurately reflect the agreed upon loan terms or all required applicants did not execute the documents.<br>|
| &nbsp;&nbsp;&nbsp;D | There was not sufficient documentation to perform a review or the required legal documents were not furnished.<br>|

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **Valuation Event Grades** | &nbsp;&nbsp;&nbsp; **Valuation Event Grades** |
| &nbsp;&nbsp;&nbsp;A | The value is supported within 10% of the original appraisal by the AVM or there are other supporting documents in the originators loan file package (CDA, Field Review or Second Appraisal). The appraisal was performed on an "as-is" basis and the property is complete and habitable at origination. The appraiser was appropriately licensed and used GSE approved forms.<br>|
| &nbsp;&nbsp;&nbsp;B | The value is not supported within 10% of the original appraisal by the AVM and there are no other valuation support documents in the loan file provided by the Seller. The valuation methodology substantially meets the published guidelines but reasonable compensating factors were considered and documented for exceeding guidelines. The appraisal was performed on an "as-is" basis and the property is complete and habitable. The appraiser was appropriately licensed and used GSE approved forms.<br>|

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **Valuation Event Grades** | &nbsp;&nbsp;&nbsp; **Valuation Event Grades** |
| &nbsp;&nbsp;&nbsp;C | The value is not supported within 10% of the original appraisal. The valuation methodology did not meet the published guidelines and there were not sufficient compensating factors for exceeding published guidelines. The property is in below "average" condition or the property is not complete or requires significant repairs. The appraisal was not performed on an "as is" basis. The appraiser was not appropriately licensed or did not use GSE approved forms.<br>|
| &nbsp;&nbsp;&nbsp;D | The file was missing the appraisal or there was not sufficient valuation documentation to perform a review.<br>|

---

## Exhibit 99.7

**EXHIBIT 99.7** 

**CONSOLIDATED ANALYTICS EXCEPTION GRADES REPORT** 

------

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception<br>Rebuttal<br>Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Property | HOA Questionnaire is Missing | HOA Questionnaire Missing | Per XXX cert item #XXX "If the property is a detached XXX, or is in a project consisting of only XXX to XXX units, a project review is not required." In this case, the subject is part of a XXX unit XXX. | 04/25/2025 | Audit reviewed Lender's response and has determined the subject property is a XXX unit XXX, which does not require a project review. Condition cleared.; HOA Questionnaire Provided | 05/16/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | HO6 Master Insurance Policy is Missing | Missing HO-XXX XXX Policy | XXX States: XXX policies are required for the common elements and residential structures for each loan that XXX in a XXX project unless the XXX project's legal documents require individual property insurance policies for each unit. \| \| Per the XXX, page XXX paragraph XXX each owner is responsible for their own insurance.; Please see attached | 04/29/2025 | Audit reviewed Lender's response and has determined the XXX paragraph XXX on page XXX of the loan file indicates Unit XXX are responsible for insuring property. The hazard insurance policy in file reflects coverage of $XXX, which is sufficient to cover the replacement cost estimate of $XXX, per the Replacement Cost estimator. Condition cleared.; HO-XXX XXX Policy is fully present; Lender provided E&O insurance for the title company; however, did not provide the XXX policy for the subject property. Condition retained. | 05/01/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/24/2025 | Resolved | XXXXX | Credit | Note Address Does Not Match Deed of Trust Address | Note Address of XXX XXX, XXX, XXX, XXX Does Not Match Deed of Trust Address of XXX XXX, XXX-XXX | Note response | 05/01/2025 | Audit reviewed Lender's response and has determined the Note address matches the Deed of Trust address. Condition cleared.; Note Address of XXX Matches Deed of Trust Address of XXX | 05/02/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | The Total Hazard Coverage is LESS than the Required Coverage Amount | The hazard insurance dwelling coverage of ($XXX) is insufficient, not meeting the required coverage amount of ($XXX). The hazard insurance dwelling coverage of ($XXX) is insufficient, not meeting the required coverage amount of ($XXX). | XXX | 05/01/2025 | Lender provided replacement cost estimator reflecting replacement cost estimate of $XXX. The insurance coverage of $XXX is sufficient to cover the replace cost estimate of $XXX. Condition cleared.; The Total Hazard Coverage is greater than or equal to the Required Coverage Amount | 05/02/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A B C |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX data received, additional discrepancy finding noted. ; XXX Data Tape Provided. | 05/03/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A C |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/24/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Required Affiliated Business Disclosure Missing Required Affiliated Business Disclosure Missing | No Broker affiliates | 05/01/2025 | Lender provided attestation of no affiliates. Condition cleared. ; Required Affiliated Business Disclosure Documentation Provided | 05/02/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A C |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | Missing income documentation | Bonus income is reflected on YTD XXX only, XXX & XXX W2 income is consistent with base pay only. There is no income calculator in the file. | Please see income worksheet attached | 04/25/2025 | Lender provided income calculator. The income documentation meets AUS and Lender guidelines requirements and supports bonus income calculated by Lender. Condition cleared. | 04/29/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A C |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. A secondary support of value is required. | Please see XXX attached | 04/25/2025 | XXX dated XX/XX/XXXX with value of $XXX was provided and is within XXX% tolerance of appraisal value of $XXX. Condition cleared.; Third party valuation product provided within tolerance. | 04/29/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A C |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, additional discrepancy finding noted. ; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/21/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% D A C |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender provided valid ULI of XXX. Condition cleared.; XXX discrepancy noted: Audit ULI missing vs Lender ULI missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% D A B |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/24/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Required Affiliated Business Disclosure Missing Required Affiliated Business Disclosure Missing | No affiliates | 05/01/2025 | Lender provided attestation of no affiliates. Condition cleared. ; Required Affiliated Business Disclosure Documentation Provided | 05/02/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% D A |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | Title Coverage is Less than Subject Lien | Title Coverage Amount of $XXX is Less than Total Amount of Subject Lien $XXX C Grade | Final Title Policy | 05/01/2025 | Lender provided Title policy reflecting coverage of $XXX. Condition cleared.; Title Coverage Amount of $XXX is equal to or greater than Total Amount of Subject Lien $XXX | 05/02/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% D A |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/23/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Required Affiliated Business Disclosure Missing Required Affiliated Business Disclosure Missing | No affiliates | 05/01/2025 | Lender provided attestation of no affiliates. Condition cleared. ; Required Affiliated Business Disclosure Documentation Provided | 05/02/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Acknowledged | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Required Affiliated Business Disclosure Missing |  |  | XXX exhausted efforts - XXX authorized downgrade to B | 05/27/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D B C A |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | Audited Reserves are less than Guideline Required Reserves (Dollar Amount) | Audited Reserves of $XXX are less than Guideline Required Reserves of $XXX. Loan amounts greater than $XXX require XXX mths reserves for other REO's. | Using the product profile in effect at the time of application, required reserves are $XXX. XX/XX/XXXX, Product Profile XX/XX/XXXX. \| \| Minimum Reserves for Subject Property "Per AUS" = $XXX \| Loan balances < / = $XXX follow applicable Agency guidelines \| XXX% of the aggregate UPB \| UPB $XXX x XXX% = $XXX; XXX Tool | 05/07/2025 | Audit reviewed Lender's response and has determined assets are sufficient for closing costs and reserves. Condition cleared.; Audit reviewed Lender's response and has determined the XXX AUS XXX Product Profile XX/XX/XXXX, Property: Multiple Financed Properties, for Loan balances > $XXX, XXX-XXX properties use XXX months of the monthly payment amount on each additional property. The Borrower has XXX that requires XXX months reserves. Please provide additional assets to meet AUS requirements. Condition retained.; Lender provided asset calculator; however, did not provide additional assets. Loan amounts greater than $XXX require XXX months reserves for other REO's. Condition retained. | 05/23/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D B C A |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D B C A |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Missing the XXX product as the XXX XXX score is XXX, guidelines required both XXX and XXX to pass. | Incorrect - per the product profile my secondary valuation being an XXX within XXX% tolerance is acceptable ; XXX | 05/02/2025 | XXX Ordered XXX - within tolerance - cleared; Audit reviewed Lender's response and has determined a XXX on all appraisals is a XXX overlay requirement. XXX approval required for use of an XXX. Condition retained. ; Lender provided XXX; however, did not provide XXX to meet client overlay requirements. Condition retained. | 05/16/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: XXX discrepancy noted: Audit ULI XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | We agree with audit - ULI XXX | 05/13/2025 | Lender agreed with audit value. Condition cleared.; C Grade | 05/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX data received, see additional discrepancy finding.; XXX Data Tape Provided. | 05/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | AUS Partially Provided | AUS Partially Provided Missing the AUS with loan amount of $XXX per Note and Final CD. The XXX in file reflects a loan amount of $XXX | AUS attached | 04/25/2025 | Lender provided AUS with loan amount of $XXX. Condition cleared.; AUS is not incomplete | 04/29/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/24/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Required Affiliated Business Disclosure Missing | No affiliates | 05/02/2025 | Lender provided attestation of no affiliates. Condition cleared. ; Required Affiliated Business Disclosure Documentation Provided; Material Finding | 05/06/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | ULI; Reuploaded the Post CD | 05/12/2025 | Lender provided valid ULI of XXX. Condition cleared.; Lender provided PCCD; however, did not provide ULI. Condition retained.; XXX discrepancy noted: Audit ULI missing vs Lender ULI missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. Please submit missing ULI number. | 05/13/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Compliance | Charges That Cannot Increase Test | This loan failed the charges that cannot increase test. (XXX XXX §XXX(e) (XXX) (i)) The loan contains charges that exceed the XXX determination according to §XXX(e) (XXX) (i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §XXX(e) is in XXX if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §XXX(e) (XXX) (i). XXX Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX tolerance violation in the amount of $XXX is due to increase from $XXX to $XXX for the Verification of Employment Fee. | PCCD; Documents uploaded are complete and it might be a view / download issue on your end. Is there an alternative method to submit these documents?; Cure was provided, along with the LOE and Post CD | 05/09/2025 | Audit reviewed Lender's response and has determined the PCCD and copy of the refund check was in the loan file on page XXX and was dated the same day as closing. The PCCD and refund was provided prior to due diligence review. Condition cleared.; Audit reviewed Lender's response and has determined the bottom of the PCCD on all pages is not visible. Please re-upload just the PCCD as the other pages are complete and legible. Condition retained.; Lender provided LOE, PCCD, copy of refund check; however, proof of delivery was not provided and the PCCD is cut off at the bottom. Please provide proof of delivery to the Borrower and legible copy of PCCD without the bottom cut off. Condition retained. | 05/12/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, additional discrepancy finding added.; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/21/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. XXX variance is - XXX. Missing XXX | XXX | 05/01/2025 | XXX dated XX/XX/XXXX with value of $XXX was provided and is within XXX% tolerance of appraisal value of $XXX. Condition cleared.; Third party valuation product provided within tolerance. | 05/02/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | Title Coverage is Less than Subject Lien | Title Coverage Amount of $XXX is Less than Total Amount of Subject Lien $XXX Provide title commitment with minimum coverage amount of $XXX Provide title commitment with minimum coverage amount of $XXX | title | 05/06/2025 | Lender provided Title policy reflecting coverage of $XXX. Condition cleared.; Title Coverage Amount of $XXX is equal to or greater than Total Amount of Subject Lien $XXX | 05/08/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | We agree with Audit - XXX XXX | 05/13/2025 | Lender agreed with audit value. Condition cleared.; Lender agreed with audit value. Condition cleared.; C Grade; Lender agreed with audit value. Condition cleared.; C Grade | 05/15/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% C B A |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/15/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% C B A |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Cured | XXXXX | Compliance | Charges That In Total Cannot Increase More Than XXX% Test | This loan failed the charges that in total cannot increase more than XXX% test. (XXX XXX §XXX(e) (XXX) (ii)) The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the XXX tolerance according to §XXX(e) (XXX) (ii). The final charges that in total cannot increase more than XXX% ($XXX) exceed the comparable charges ($XXX) by more than XXX%. Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in XXX if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §XXX(e) (XXX) (i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §XXX(e) (XXX) (vi). XXX Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation in the amount of $XXX is due to Increase from $XXX to $XXX for the Recording Fee on Final CD XX/XX/XXXX. | cured | 05/01/2025 | Lender provided LOE, PCCD, and snapshot verifying cure provided was applied as a principal reduction. Cured post close, loan will be graded a B. | 05/02/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% C B A |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/24/2025 | Resolved | XXXXX | Property | XXX Declared Disaster Dated Prior to the Note Date, After Appraisal Date | Property located in XXX Declared XXX with no subsequent property Inspection. The subject was located in a XXX XXX on XX/XX/XXXX though XX/XX/XXXX. The appraisal was completed prior to the disaster on XX/XX/XXXX, missing the post disaster inspection report. | x | 04/30/2025 | Lender provided PCI dated XX/XX/XXXX, post Incident End date of XX/XX/XXXX and reflects there was no damage to property. Condition cleared.; Property Inspection Provided. | 05/01/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% C B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception<br>Rebuttal<br>Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | C A |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Compliance | Evidence of Appraisal Delivery to Borrower not Provided or Late (XXX XXX XXX(a) (XXX)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). Documentation required to clear exception: The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. Documentation required to clear exception: The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. | Appraisal | 05/01/2025 | Lender provided verification of Borrower's receipt of appraisal. Condition cleared.; Evidence of appraisal delivery provided. | 05/02/2025 | C A |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX discrepancy noted: Audit ULI XXX vs Lender value missing, AND Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX data received, additional Discrepancy noted. ; XXX Data Tape Provided. | 05/03/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | We agree with audit - XXX XXX | 05/13/2025 | Lender agreed with audit value. Condition cleared.; C Grade | 05/15/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/15/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | Non-QM: Lender documented all ATR UW factors | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A B C |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | Non-QM: Lender documented all ATR UW factors | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/03/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | Non-QM: Lender documented all ATR UW factors | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Please provide Affiliated Business Disclosure. Please provide Affiliated Business Disclosure. | No broker affiliates | 05/01/2025 | Lender provided attestation of no affiliates. Condition cleared. ; Required Affiliated Business Disclosure Documentation Provided | 05/02/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | Non-QM: Lender documented all ATR UW factors | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Compliance | Qualified Mortgage Lending Policy Points and Fees Test | This loan has points and fees that exceed the points and fees threshold. (XX/XX/XXXX.XXX(e) (XXX)) The loan amount is $XXX or more, and the transaction's total points and fees is $XXX, which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than $XXX but at least $XXX, and the transaction's total points and fees is $XXX, which exceeds $XXX; orThe loan amount is less than $XXX but at least $XXX, and the transaction's total points and fees is $XXX, which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than $XXX but at least $XXX, and the transaction's total points and fees is $XXX, which exceeds $XXX; orThe loan amount is less than $XXX and the transaction's total points and fees is $XXX, which exceeds XXX percent of the total loan amount of $XXX. Please provide Undiscounted / Par rate to be use in testing. Unable to exclude discount points from testing due to missing undiscounted rate | Bonafide points | 05/01/2025 | Lender provided XXX rate and XXX discount points. Audit re-ran compliance and has determined Points and Fees are within tolerance. Condition cleared. | 05/02/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/24/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Missing TPV product as the XXX XXX score of XXX does not meet guidelines. | Incorrect - please review the product provide - the XXX meets tolerance is is acceptable and we do not have to provide an additional XXX; XXX | 05/02/2025 | XXX received - within tolerance - cleared; Audit reviewed Lender's response and has determined a XXX on all appraisals is a XXX overlay requirement. XXX approval required for use of an XXX. Condition retained. ; Lender provided XXX; however, did not provide XXX to meet client overlay requirements. Condition retained. | 05/19/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | We agree with audit- XXX XXX; cure | 05/14/2025 | Lender agreed with audit value. Condition cleared.; Lender provided cure for compliance; however, did not indicate if they agree with audit value for XXX of XXX. Lender can clear finding by agreeing with audit value or providing documentation to support their value. Condition retained.; C Grade; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Cured | XXXXX | Compliance | Charges That Cannot Increase Test | This loan failed the charges that cannot increase test. (XXX XXX §XXX(e) (XXX) (i)) The loan contains charges that exceed the XXX determination according to §XXX(e) (XXX) (i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §XXX(e) is in XXX if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §XXX(e) (XXX) (i). XXX Cure Required. Refund in the amount of $XXX, cure requires a valid COC or a cure package with a post closing CD, letter of explanation, proof of refund, and proof of delivery. The file is missing a valid COC to support the following fee increase: - The Credit Report Fee increased from $XXX to $XXX on the initial CD dated XX/XX/XXXX. The file does not contain a valid COC for the increase of this fee. | cure; cure | 05/07/2025 | Lender provided LOE, PCCD reflecting cure provided as a principal reduction and snapshot of financial Statement reflecting principal reduction applied. Cured post close, loan will be graded a B. | 05/08/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | XXX discrepancy noted: Audit ULI XXX vs Lender ULI missing, AND Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. |  |  | Lender agrees with audit's value. Condition cleared.; C Grade | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX discrepancy noted: Audit ULI XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. ; XXX Data Tape Provided. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade | 05/21/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A B |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/23/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value.; XXX Data Tape Provided. | 05/03/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX discrepancy noted: Audit ULI XXX vs Lender value missing, AND Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/23/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Missing TPV as XXX XXX score is XXX. | Incorrect - please review the product profile - the XXX supports within XXX% and a XXX is not required ; XXX | 05/02/2025 | XXX ordered XXX - within tolerance - cleared; Audit reviewed Lender's response and has determined XXX requires a XXX on all appraisals. Please provide XXX to meet XXX overlay requirements. Condition retained.; Lender provided XXX; however, did not provided XXX to meet client overlay requirements. Condition retained. | 05/16/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/23/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX data received, additional discrepancy noted. ; XXX Data Tape Provided. | 05/03/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C B A |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/23/2025 | Cured | XXXXX | Compliance | XXX Finance Charge Test | This loan failed the XXX finance charge test.(XXX XXX §XXX(o) (XXX)) The finance charge is $XXX. The disclosed finance charge of $XXX is not considered accurate because it is underStated by more than $XXX. Refund in the amount of $XXX requires a PCCD, LOE, Copy of refund check and proof of delivery to the borrower. It appears the $XXX settlement was excluded from the finance charge calculation The following fees were included in our testing. Loan Origination Fee paid by Borrower: $XXX Application Fee paid by Borrower: $XXX Administration Fee paid by Borrower: $XXX Flood Certification - Single Charge or Life of Loan paid by Borrower: $XXX Tax Service Fee paid by Borrower: $XXX Third Party Processing paid by Borrower: $XXX Verification Fee paid by Borrower: $XXX Settlement or Closing Fee paid by Borrower: $XXX Notary Fee paid by Borrower: $XXX Title Wire [Wire Transfer Fee] paid by Borrower: $XXX Prepaid Interest paid by Borrower: $XXX | cured | 05/06/2025 | Lender provided LOE, PCCD, copy of canceled refund check as proof of delivery. Cured post close, loan will be graded a B. | 05/08/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C B A |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/22/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/03/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C B A |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/24/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. XXX variance is - XXX. Missing XXX | XXX | 04/30/2025 | XXX dated XX/XX/XXXX with value of $XXX was provided and is within XXX% tolerance of appraisal value of $XXX. Condition cleared.; Third party valuation product provided within tolerance. | 05/01/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C B A |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/23/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% C A |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/23/2025 | Resolved | XXXXX | Compliance | Initial Closing Disclosure Delivery Date Test | There is no evidence the borrower acknowledged receipt of the initial CD at least XXX days prior to consummation. This loan failed the initial closing disclosure delivery date test due to XXX of the following findings:(XXX XXX §XXX(f) (XXX) (ii)) The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXX" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than XXX business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than XXX business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than XXX business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §XXX(f) (XXX) (i) no later than XXX business days before consummation. | XXX response | 05/01/2025 | Lender provided verification of Borrower's receipt of initial CD. Condition cleared.; Lender provided verification of Borrower's receipt of initial CD. Condition cleared. | 05/02/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% C A |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/23/2025 | Resolved | XXXXX | Credit | Hazard Insurance Effective Date is after the Disbursement Date | Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX. | XXX/XXX disbursement date | 05/01/2025 | Lender provided final settlement Statement reflecting disbursement date of XX/XX/XXXX. The insurance was effective prior to disbursement date. Condition cleared. | 05/02/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% C A |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. Also, the ULI is missing, lease verify the ULI number.; C Grade | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/23/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/24/2025 | Resolved | XXXXX | Credit | ULI Number on URLA does not match ULI Number provided by the Lender | The ULI Number on URLA ([ULI]) does NOT Match the ULI Number provided by the Lender (Tape ULI]). Missing ULI. | ULI | 05/01/2025 | Lender provided valid ULI of XXX. Condition cleared. | 05/02/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; Material; XXX Discrepancy(s) have been noted: Audit Refinancing vs Lender Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A B |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/23/2025 | Resolved | XXXXX | Compliance | Evidence of Appraisal Delivery to Borrower not Provided or Late (XXX XXX XXX(a) (XXX)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). Documentation required to clear exception: The document provided on page XXX indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation. Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely. Documentation required to clear exception: The document provided on page XXX indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation. Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely. | Appraisal delivery confirmation; Signed LE and appraisal acknowledgement signed | 05/08/2025 | Lender provided verification of Borrower's receipt of appraisal. Condition cleared.; Evidence of appraisal delivery provided.; Lender provided appraisal acknowledgement; however, did not provide verification of Borrower's receipt of appraisal. Condition retained. | 05/09/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/24/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX Complete - Other finding added.; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; XXX discrepancy noted: Audit ULI missing vs Lender ULI missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/24/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, additional discrepancy noted. ; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; XXX discrepancy noted: Audit ULI missing vs Lender ULI missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/24/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, additional discrepancy noted. ; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/24/2025 | Resolved | XXXXX | Credit | ULI Number on URLA does not match ULI Number provided by the Lender | The ULI Number on URLA ([ULI]) does NOT Match the ULI Number provided by the Lender (Tape ULI]). Missing ULI. | ULI | 05/01/2025 | Lender provided valid ULI of XXX. Condition cleared.; Material Finding | 05/02/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/25/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception<br>Rebuttal<br>Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, AND Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/25/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX data received, additional discrepancy noted.; XXX Data Tape Provided. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX discrepancy noted: Audit ULI XXX vs Lender value XXX, AND Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/25/2025 | Resolved | XXXXX | Compliance | Evidence of Appraisal Delivery to Borrower not Provided or Late (XXX XXX XXX(a) (XXX)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). Please provide evidence Borrower received Appraisal within required XXX days prior to consummation | Appraisal dlvr | 05/02/2025 | Lender provided verification of Borrower's receipt of appraisal. Condition cleared. ; Evidence of appraisal delivery provided.; Material finding | 05/06/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/25/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX data received, additional discrepancy finding noted. ; XXX Data Tape Provided. | 05/03/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, AND Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/25/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX ,AND Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A B C |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/28/2025 | Resolved | XXXXX | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd Party VOE Prior to Close Missing | VOE | 05/02/2025 | Lender provided Business License Search and CPA letter. Condition cleared.; Borrower 1 3rd Party VOE Prior to Close Was Provided | 05/05/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/28/2025 | Resolved | XXXXX | Property | Subject property appraisal is not on an as-is basis (Primary Value) | Primary Value Subject Property Appraisal is not on an As-Is Basis | 1004D | 05/02/2025 | Lender provided XXX completion certificate. Condition cleared.; Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable | 05/05/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/26/2025 | Resolved | XXXXX | Credit | Audited Reserves are less than AUS Required Reserves (Number of Months) | Audited Reserves of XXX month(s) are less than AUS Required Reserves of XXX month(s) | Per the AUS XXX Profile in place at the time of application, the required reserves are "Per AUS". XX/XX/XXXX, Product Profile XX/XX/XXXX. \| | 05/02/2025 | Audit reviewed Lender's response and has determined the XXX AUS XXX guideline dated XX/XX/XXXX, States for XXX transaction on XXX with loan amount up to $XXX the minimum reserves is per the AUS. The subject property is a limited XXX or XXX and the AUS States Reserves Required to be Verified as $XXX. The Borrower's assets are sufficient to meet AUS requirements for reserves. Condition cleared.; Audited Reserves of XXX month(s) are greater than or equal to AUS Required Reserves of XXX month(s) | 05/06/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/25/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/28/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/03/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/26/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. | XXX | 05/02/2025 | XXX ordered XXX - within tolerance - cleared; Lender provided XXX. XXX overlays require a XXX on all appraisals. XXX approval required for the use of an XXX. Condition retained. | 05/16/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | C Grade |  |  | Lender provided valid ULI of XXX and provided documentation agreeing with audit value for XXX. Condition cleared.; The following XXX Discrepancy(s) have been noted: XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. Also, the loan is missing evidence of the ULI number, please submit evidence of the ULI number. | 05/08/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/08/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/25/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Please provide Affiliated Business Disclosure | Affiliate | 05/07/2025 | Lender provided Affiliated Business disclosure. Condition cleared.; Required Affiliated Business Disclosure Documentation Provided; Material finding | 05/08/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: XXX discrepancy noted: Audit ULI XXX vs Lender ULI missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | We agree with audit - ULI XXX | 05/13/2025 | Lender agreed with audit value. Condition cleared.; Lender agreed with audit value. Condition cleared.; C Grade | 05/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A B |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/27/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX data received, additional discrepancy finding noted. ; XXX Data Tape Provided. | 05/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/28/2025 | Resolved | XXXXX | Credit | The Deed of Trust is Incomplete | The Deed of Trust is Incomplete Missing page XXX of XXX of the Mortgage. | DOT | 05/02/2025 | Lender provided mortgage with all pages. Condition cleared.; The Deed of Trust is Present and Complete | 05/06/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/28/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/03/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX discrepancy noted: Audit ULI XXX vs Lender ULI missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/30/2025 | Resolved | XXXXX | Credit | Audited DTI Exceeds AUS DTI | Audited DTI of XXX% exceeds AUS DTI of XXX% Appears Lender did not use the W2 form income of $XXX for self employment calculations. Appears lender used the XXX compensation listed on XXX Form XXX-E of $XXX. | The Attached Income Worksheet shows that the underwriter used the W2 income of $XXX in their calculations. | 05/02/2025 | Lender provided the income calculator. Audit re-calculated income and has determined the audit DTI of XXX% is within tolerance of the AUS approved DTI of XXX%. Condition cleared.; Audited DTI of XXX% is less than or equal to AUS DTI of XXX% | 05/06/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/30/2025 | Resolved | XXXXX | Credit | Audited DTI Exceeds Guideline DTI | Audited DTI of XXX% exceeds Guideline DTI of XXX% |  |  | Audited DTI of XXX% is less than or equal to Guideline DTI of XXX% | 05/06/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/28/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX data received, additional discrepancy finding noted. ; XXX Data Tape Provided. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX discrepancy noted: Audit ULI XXX vs Lender ULI missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/28/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Provide Third Party Valuation Product as XXX XXX score is XXX. | XXX | 05/19/2025 | XXX received - within tolerance - cleared; Third party valuation product provided within tolerance. | 05/19/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Compliance | Qualified Mortgage Lending Policy Points and Fees Test | This loan has points and fees that exceed the points and fees threshold. (XX/XX/XXXX.XXX(e) (XXX)) The loan amount is $XXX or more, and the transaction's total points and fees is $XXX, which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than $XXX but at least $XXX, and the transaction's total points and fees is $XXX, which exceeds $XXX; orThe loan amount is less than $XXX but at least $XXX, and the transaction's total points and fees is $XXX, which exceeds XXX percent of the total loan amount of $XXX; orThe loan amount is less than $XXX but at least $XXX, and the transaction's total points and fees is $XXX, which exceeds $XXX; orThe loan amount is less than $XXX and the transaction's total points and fees is $XXX, which exceeds XXX percent of the total loan amount of $XXX. This loan has points and fees that exceed the points and fees threshold. The loan amount is $XXX or more, and the transaction's total points and fees is $XXX, which exceeds XXX percent of the total loan amount of $XXX. Documentation Required: Missing undiscounted/par rate to complete a XXX points and fees testing. Please provide undiscounted rate from either compliance reporting or discount point fee disclosures | XXX | 05/02/2025 | Lender provided verification of XXX rate and XXX discount points. Audit re-ran compliance and has determined XXX points and fees are within tolerance. Condition cleared.; Lender provided verification of XXX rate and XXX discount points. Audit re-ran compliance and has determined XXX points and fees are within tolerance. Condition cleared. | 05/06/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/28/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX data received, additional discrepancy noted. ; XXX Data Tape Provided. | 05/03/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Documentation required to confirm the Affiliated Business Disclosure was provided within XXX days of of XX/XX/XXXX or the Privacy Disclosure confirming XXX has no affiliates. | No affiliates | 05/05/2025 | Lender provided attestation of no affiliates. Condition cleared. ; Required Affiliated Business Disclosure Documentation Provided | 05/06/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Compliance | Evidence of Appraisal Delivery to Borrower not Provided or Late (XXX XXX XXX(a) (XXX)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). | Appraisal dlvr | 05/05/2025 | Lender provided verification of Borrower's receipt of appraisal. Condition cleared. ; Evidence of appraisal delivery provided. | 05/06/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% C A |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/28/2025 | Resolved | XXXXX | Compliance | Charges That Cannot Increase Test | This loan failed the charges that cannot increase test. (XXX XXX §XXX(e) (XXX) (i)) The loan contains charges that exceed the XXX determination according to §XXX(e) (XXX) (i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §XXX(e) is in XXX if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §XXX(e) (XXX) (i). XXX Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or revised disclosure. The XXX% tolerance violation in the total amount of $XXX is due to an increase in the Broker Fee from $XXX on the initial LE to $XXX on the final CD. A COC dated XX/XX/XXXX was provided for broker compensation change, however, the next disclosed CD indicating the increased fee was dated XX/XX/XXXX, which is more than XXX business days. | XXX | 05/02/2025 | Lender provided valid COC and re-disclosed LE dated XX/XX/XXXX. Audit re-ran compliance and has determined fees are within tolerance. Condition cleared. | 05/06/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/30/2025 | Resolved | XXXXX | Compliance | Initial Closing Disclosure Delivery Date and Changed Circumstances Date Test | A COC for updated broker compensation was provided on XX/XX/XXXX, however, the next disclosed CD with the updated fee was dated XX/XX/XXXX, which is greater than XXX business days. This loan failed the initial closing disclosure delivery date and changed circumstances date test. (XXX XXX §XXX(e) (XXX) (iv) (A) - (C) , (E) , (F) , and (D) as amended in XXX, and XXX XXX §XXX(e) (XXX) (i)) The initial closing disclosure delivery date is either:Later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor receives information sufficient to establish that a changed circumstance has occurred; orBefore the creditor receives information sufficient to establish that a changed circumstance has occurred.This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §XXX(a) (XXX) and as it relates to §XXX(e) (XXX) (i) (revised loan estimate disclosure) and §XXX(e) (XXX) (ii) (relationship to closing disclosure).This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on SundayAs not being open on SaturdayPLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.If a creditor uses a revised estimate for the purpose of determining XXX for the XXX tolerance and XXX% tolerance categories under §XXX(e) (XXX) (i) and (ii) , the creditor shall provide a revised version of the disclosures required under §XXX(e) (XXX) (i) reflecting the revised estimate either:Within XXX business days of receiving information sufficient to establish that XXX of the reasons for revision provided under §XXX(e) (XXX) (iv) (A) through (C) , (E) and (F) applies; orNo later than XXX business days after the date the interest rate is locked, for revision provided under §XXX(e) (XXX) (iv) (D). The revised version of the disclosures required under §XXX(e) (XXX) (i) shall contain the revised interest rate, the points disclosed pursuant to §XXX(f) (XXX) , lender credits, and any other interest rate dependent charges and terms.Official Interpretations12 C.F.R. §XXX(e) (XXX) (ii) Relationship to disclosures required under §XXX(f) (XXX) (i).Revised disclosures may not be delivered at the same time as the Closing Disclosure. §XXX(e) (XXX) (ii) prohibits a creditor from providing a revised version of the disclosures required under §XXX(e) (XXX) (i) on or after the date on which the creditor provides the disclosures required under §XXX(f) (XXX) (i).However, if a creditor uses a revised estimate pursuant to § XXX(e) (XXX) (iv) for the purpose of determining XXX under § XXX(e) (XXX) (i) and (ii) , § XXX(e) (XXX) (i) permits the creditor to provide the revised estimate in the disclosures required under § XXX(f) (XXX) (i) (including any corrected disclosures provided under § XXX(f) (XXX) (i) or (ii)). | CIC | 05/02/2025 | Lender provided COC and re-disclosed LE dated XX/XX/XXXX for change n section A fees and Lender Credits. Condition cleared. | 05/06/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Credit | Income and Employment Do Not Meet Guidelines | Income and Employment Do Not Meet Guidelines | Please provide additional information. In what way do income and employment breach the guidelines? Thanks! \| | 05/02/2025 | Audit reviewed Lender's response and has determined the asset documentation in file supports the asset depletion income calculated by the Lender and meets AUS requirements. Condition cleared.; Income and Employment Meet Guidelines | 05/06/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception<br>Rebuttal<br>Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX discrepancy noted: Audit ULI XXX vs Lender ULI missing, AND Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX data received, additional discrepancy noted. ; XXX Data Tape Provided. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/03/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; XXX Discrepancy(s) have been noted: Audit Home XXX vs Lender Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/30/2025 | Resolved | XXXXX | Credit | XXX Declared Disaster - For Information Only | The subject was located in a XXX XXX on XX/XX/XXXX though XX/XX/XXXX. The appraisal was completed on XX/XX/XXXX and reflects no damages, condition is for informational purposes only. |  |  | Condition is for informational purposes only. | 05/06/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Credit | The Total Hazard Coverage is LESS than the Required Coverage Amount | The hazard insurance dwelling coverage of ($XXX) is insufficient, not meeting the required coverage amount of ($XXX). | Page XXX confirms XXX | 05/02/2025 | Lender provided verification of replacement cost estimate. Condition cleared.; The Total Hazard Coverage is greater than or equal to the Required Coverage Amount | 05/06/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided.; XXX review completed, no Level XXX findings noted, condition cleared. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/28/2025 | Resolved | XXXXX | Compliance | Charges That In Total Cannot Increase More Than XXX% Test | This loan failed the charges that in total cannot increase more than XXX% test. (XXX XXX §XXX(e) (XXX) (ii)) The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the XXX tolerance according to §XXX(e) (XXX) (ii). The final charges that in total cannot increase more than XXX% ($XXX) exceed the comparable charges ($XXX) by more than XXX%. Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in XXX if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §XXX(e) (XXX) (i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §XXX(e) (XXX) (vi). Refund in the amount of $XXX, cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation in the amount of $XXX is due to increase from $XXX to $XXX for the Recording fee. A COC is required to determine if this was a valid increase. Title charges listed in Section B of the final CD are not paid to a provider indicated on the XXX. | Certified Alta Ss, Corrected CD | 05/02/2025 | Lender provided funding CD and final settlement Statement. Audit re-ran compliance and has determined fees are within tolerance. Condition cleared.; Lender provided funding CD and final settlement Statement. Audit re-ran compliance and has determined fees are within tolerance. Condition cleared. | 05/06/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX data received, additional discrepancy finding added.; XXX Data Tape Provided. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/03/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; C Grade; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 04/29/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/15/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; Material Finding; XXX discrepancy noted: Audit value XXX vs Lender value XXX, per XXX property value is the value used to calculate the LTV. Lender can clear finding by agreeing with audit's finding, or providing documentation to support their value. | 05/21/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/06/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Missing secondary valuation assessment to be completed prior to the note date required by guidelines. XXX score is XXX. | XXX | 05/15/2025 | Third party valuation product provided within tolerance. | 05/16/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX Complete - Other finding added.; XXX Data Tape Provided. | 05/15/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/15/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; Material Finding; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX vs Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A B |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Credit | Asset Qualification Does Not Meet Guideline Requirements | Asset Qualification Does Not Meet Guideline Requirements Missing copy of The XXX and XXX to ensure the trust is properly established and that the trustee has the authority to make such a gift. | The trust in question is the donor's trust.not the borrower's. Our resposibility is to document the transfer of the gift funds, which we have done. It's not in scope for XXX to understand the donor's finances. I can't imagine they would be willing to disclosure the content of the trust for a transaction where they are not the borrowers. | 05/16/2025 | Audit reviewed Lender's response and has determined the gift documentation in file meets AUS and XXX requirements when gift is given by a Trust. Condition cleared.; Asset Qualification Meets Guideline Requirements | 05/19/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Credit | Borrower 1 Credit Report is Incomplete | Borrower 1 Credit Report is Partially Present. Missing explanation from borrower regarding HOA dues for XXX-XXX/XXX XXX and XXX XXX | As it applies to HOA dues, our process is to look at the address and other documentation in the file. If nothing indicates a XXX or XXX (ex. Unit number) we typically will not request verification of HOA. \| \| I googled the properties and they are both XXX in older, established neighborhoods. HOA would not be typical for this kind of property. | 05/15/2025 | Audit reviewed Lender's response and has determined audit property search supports properties XXX-XXX/XXX XXX and XXX XXX do not have HOA fees. Condition cleared.; Borrower 1 Credit Report is not partially present. | 05/16/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX Complete - Other finding added.; XXX Data Tape Provided. | 05/15/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/15/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. |  |  | Lender agrees with audit's value. Condition cleared.; Material Finding | 05/21/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A B |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX Complete - Other finding added. ; XXX Complete - Other finding added. ; XXX Data Tape Provided. | 05/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A C B |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing | Affiliate | 05/13/2025 | Lender provided attestation of no affiliates. Condition cleared.; Required Affiliated Business Disclosure Documentation Provided; Material | 05/14/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A B |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Compliance | Evidence of Appraisal Delivery to Borrower not Provided or Late (XXX XXX XXX(a) (XXX)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). Missing evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. | Appraisal | 05/13/2025 | Lender provided verification of Borrower's receipt of appraisal. Condition cleared.; Evidence of appraisal delivery provided.; Material | 05/14/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A B |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Credit | The Deed of Trust is Missing | The Deed of Trust is Missing | Mortgage | 05/13/2025 | Lender provided mortgage. Condition cleared.; The Deed of Trust is Present | 05/14/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A B |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Credit | Borrower 1 Credit Report is Incomplete | Borrower 1 Credit Report is Partially Present. Missing evidence of HOA of $XXX for XXX XXX reflected on Final 1003. | HOA | 05/13/2025 | Lender provided HOA documentation for property XXX XXX. Condition cleared.; Borrower 1 Credit Report is not partially present. | 05/14/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A C B |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX review completed, no Level XXX findings noted, condition cleared.; XXX Data Tape Provided. | 05/15/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Missing documents to indicate whether ABA is needed or privacy policy to indicate affiliates. | Affiliate | 05/13/2025 | Lender provided attestation of no affiliates. Condition cleared.; Required Affiliated Business Disclosure Documentation Provided; Material | 05/15/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/15/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; Material Finding; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit MIN Number XXX vs Lender MIN Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A B |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX Complete - Other finding added.; XXX Data Tape Provided. | 05/15/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Credit | The Note is Missing | The Note is Missing. | Note | 05/13/2025 | Lender provided copy of Note. Condition cleared.; The Note is Present. | 05/15/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/06/2025 | Resolved | XXXXX | Compliance | TRID: Missing Closing Disclosure | Documentation required to clear exception. Missing copy of the initial Closing Disclosure issued and acknowledged by the borrower at least XXX days prior to consummation. Also missing copy of the final Closing Disclosure used at loan consummation and signed by the borrower. | CD's | 05/13/2025 | Lender provided final and Initial CD. Condition cleared. | 05/14/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Credit | Third Party Fraud Report not Provided | Missing Third Party Fraud Report | Fraud audit | 05/13/2025 | Lender provided fraud report. Condition cleared.; Third Party Fraud Report is provided | 05/14/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Credit | The Final 1003 is Missing | The Final 1003 is Missing | XXX | 05/13/2025 | Lender provided Final 1003. Condition cleared.; The Final 1003 is Present | 05/14/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;177 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/15/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; Material Finding; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: Audit Loan Originator XXX Number XXX Lender Loan Originator XXX Number Missing. Lender can clear finding by agreeing with audit value or providing documentation to support their value. | 05/21/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;177 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/06/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX Complete - Other finding added.; XXX Data Tape Provided.; Loan is pending XXX data review. Additional conditions may apply.; XXX Complete - Other finding added.; XXX Data Tape Provided. | 05/15/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/15/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: |  |  | Lender agrees with audit's value. Condition cleared.; Material Finding; XXX Discrepancy Noted: The following XXX Discrepancy(s) have been noted: AND Audit XXX XXX vs Lender XXX XXX. AND Audit Property City XXX vs Lender Property City XXX. AND Audit Property zip code XXX vs Lender Property zip code XXX. Audit Loan Originator XXX Number XXX Lender Loan Originator XXX Number Missing. AND Audit MIN Number XXX vs Lender MIN Number XXX. AND Audit Total Loan Costs XXX vs Lender Total Loan Costs XXX. Lender can clear finding by agreeing with audit value or providing documentation to support their value.; Lender provided valid ULI of XXX. Condition cleared. | 05/21/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A B |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/05/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX Complete - Other finding added.; XXX Complete - Other finding added.; XXX Data Tape Provided. | 05/15/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception<br>Rebuttal<br>Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 05/06/2025 | Resolved | XXXXX | Credit | ULI Number on URLA does not match ULI Number provided by the Lender | The ULI Number on URLA ([ULI]) does NOT Match the ULI Number provided by the Lender (XXX ULI]). MISSING the ULI. | ULI | 05/13/2025 | Lender provided valid ULI of XXX. Condition cleared.; Material | 05/15/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A B |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/26/2025 | Resolved | XXXXX | Credit | Missing XXX Patriot Act Disclosure or ID | Missing XXX Patriot Act Disclosure or ID. A XXX Patriot Act Disclosure completed at closing was not found in the file, please provide. | Patriot | 07/30/2025 | Resolved as we have received the missing Patriot Act form. ; XXX Patriot Act Disclosure or ID provided.; Material Finding; Missing XXX Patriot Act Disclosure or ID. A XXX Patriot Act Disclosure completed at closing was not found in the file, please provide. | 07/31/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A B |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/26/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/31/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/26/2025 | Resolved | XXXXX | Property | XXX Post Disaster Inspection Report not Provided | The subject property is a XXX disaster case; however, the inspection report was not provided. XXX declared XXX in a XXX (XXX, XXX, XXX, and XXX) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The appraisal in the file is dated XX/XX/XXXX and shows no damage. Exception is for informational purposes only. |  |  | The appraisal is dated after the XXX disaster and reflects there are no damages to property; therefore, a Property Disaster Inspection is not required. Condition cleared.; XXX Post Disaster Inspection report was provided.; The subject property is a XXX disaster case; however, the inspection report was not provided. XXX declared XXX in a XXX (XXX, XXX, XXX, and XXX) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The appraisal in the file is dated XX/XX/XXXX and shows no damage. Exception is for informational purposes only. | 07/15/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/26/2025 | Resolved | XXXXX | Credit | Third Party Fraud Report not Provided | Missing Third Party Fraud Report Guidelines require a Third Party Fraud Report and was not found in the file, please provide. |  |  | Fraud Report received with no red flags. Condition Cleared.; Third Party Fraud Report is provided; Missing Third Party Fraud Report Guidelines require a Third Party Fraud Report and was not found in the file, please provide. | 07/07/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/28/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Missing third party valuation product within tolernace. | XXX | 07/01/2025 | XXX received - within tolerance - cleared; Material Finding; XXX must be used, XXX to order.; Third party valuation product provided within tolerance. | 07/09/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/28/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, no new discrepancies, finding resolved.; XXX Data Tape Provided.; XXX received - no level XXX discrepancies - condition cleared | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | Title Document Missing | Title Document is missing Missing title document. | title | 07/15/2025 | Lender provided Title Commitment. Condition cleared.; Title Document is fully Present; Title Document is missing Missing title document. | 07/17/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | AUS Not Provided | Missing AUS Loan was approvved with LPA Submission XXX, howeve Submission XXX was not provided. | AUS | 07/09/2025 | Resolved as we have received the missing AUS. ; AUS is not missing; Missing AUS Loan was approvved with LPA Submission XXX, howeve Submission XXX was not provided. | 07/10/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/26/2025 | Resolved | XXXXX | Compliance | Charges That Cannot Increase Test | This loan failed the charges that cannot increase test. (XXX XXX §XXX(e) (XXX) (i)) The loan contains charges that exceed the XXX determination according to §XXX(e) (XXX) (i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §XXX(e) is in XXX if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §XXX(e) (XXX) (i). XXX Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX tolerance violation in the amount of $XXX is due to the addition of the XXX re-inspection fee on the final CD without valid COC. | CIC | 07/09/2025 | Condition resolved as we have received the missing valid COC for the inspection fee.; Condition resolved as we have received the missing valid COC for the inspection fee. | 07/10/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/26/2025 | Resolved | XXXXX | Compliance | Evidence of Appraisal Delivery to Borrower not Provided or Late (XXX XXX XXX(a) (XXX)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). Missing documentation to verify date appraisal delivered to Borrower. | Appraisal delivery | 07/09/2025 | Evidence of appraisal delivery provided.; Material Finding; The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). Missing documentation to verify date appraisal delivered to Borrower. | 07/10/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A B C |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Property | Appraisal is Expired | Primary Value Appraisal is Expired Appraisal is expired. Appraisal is dated XX/XX/XXXX and loan closed on XX/XX/XXXX. | Recertification | 07/09/2025 | Resolved as we have received the XXX update report form lender. ; Primary Value Appraisal is Expired Appraisal is expired. Appraisal is dated XX/XX/XXXX and loan closed on XX/XX/XXXX.; Primary Value Appraisal is Expired Appraisal is expired. Appraisal is dated XX/XX/XXXX and loan closed on XX/XX/XXXX. | 07/10/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | We agree with audit's value $XXX | 07/09/2025 | Discrepancy resolved as lender agreed with audit. ; Discrepancy resolved as lender agreed with audit. ; Material Finding; Audit Total loan costs $XXX vs Lender value $XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. ; Discrepancy resolved as lender agreed with audit. ; Material Finding; Audit Total loan costs $XXX vs Lender value $XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/10/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A B C |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, additional finding created. ; XXX Data Tape Provided. | 07/10/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/07/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | We agree with XXX | 07/14/2025 | Lender agreed with audit value. Condition cleared. ; Lender agreed with audit value. Condition cleared. ; Material Finding; Audit total loan costs $XXX vs Lender value $XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. ; Lender agreed with audit value. Condition cleared. ; Material Finding; Audit total loan costs $XXX vs Lender value $XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. Borrower has XXX years on job. Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX of XXX is greater than Guideline minimum FICO of XXX of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/27/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX Data Tape Provided. Additional discrepancy condition created.; Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. Borrower has XXX years on job. Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX of XXX is greater than Guideline minimum FICO of XXX of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/02/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | XXX to order XXX - XXX Score XXX | XXX | 07/20/2025 | XXX received within tolerance. Condition cleared.; Third party valuation product provided within tolerance.; ; Lender provided all pages to the appraisal. XXX to order XXX. Condition retained.; XXX to order XXX upon receipt of Full Appraisal (missing pages).; | 07/29/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Contract is Incomplete | is XXX but XXX Contract Doc is Incomplete An addendum to the XXX Contract executed by all parties revising the to $XXX was not found, please provide. | Contract Addendum | 07/10/2025 | Lender provided XXX contract addendum signed by all parties reflecting of $XXX. Condition cleared.; XXX Contract Doc is complete.; Material Finding; is XXX but XXX Contract Doc is Incomplete An addendum to the XXX Contract executed by all parties revising the to $XXX was not found, please provide. | 07/29/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A B |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Property | Appraisal is Missing | Appraisal is Missing. | Complete Appraisal | 07/20/2025 | Lender provided all pages to appraisal. Condition cleared.; Appraisal is Present or is Waived; Please provide complete Appraisal. Document provided is missing pages XXX & XXX | 07/29/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/07/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | Disagree - Post CD - Total Loan Cost XXX | 07/14/2025 | Lender provided PCCD reflecting Total Loan Costs of $XXX, supporting Lender's tape value. Condition cleared.; Material Finding; XXX discrepancy noted: Audit Total loan costs $XXX vs Lender value $XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A B |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX Data Tape Provided. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | The borrower received a XXX on other property owned, a calculation of how $XXX payment was calculated was not found, please provide. | XXX | 07/09/2025 | Condition resolved as we have received evidence of lender XXX monthly payment information. | 07/10/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | Potential Employment/income Issues identified in the file | Evidence of receipt of Defined Contribution Plan Income for XXX months was not found in the file, please provide. | Income worksheet explaining calculation and asset Statement to support | 07/09/2025 | Condition resolved as we have received evidence of lender calculation of asset depletion. | 07/10/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Cured | XXXXX | Compliance | Charges That In Total Cannot Increase More Than XXX% Test | This loan failed the charges that in total cannot increase more than XXX% test. (XXX XXX §XXX(e) (XXX) (ii)) The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the XXX tolerance according to §XXX(e) (XXX) (ii). The final charges that in total cannot increase more than XXX% ($XXX) exceed the comparable charges ($XXX) by more than XXX%. Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in XXX if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §XXX(e) (XXX) (i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §XXX(e) (XXX) (vi). Refund in the amount of $XXX, cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation in the amount of $XXX is due to increase $XXX to $XXX for the Notary fee, $XXX to $XXX for the CPL, $XXX to $XXX for the Title Service Fee and $XXX to $XXX for the Title Tax Cert. XXX is listed on the XXX therefore subject to XXX% tolerance. | Cure | 07/15/2025 | Lender provided LOE, PCCD reflecting cure provided as a principal reduction and snapshot verifying principal reduction was applied. Cured post close, loan will be graded a B. | 07/17/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D B C A |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Cured | XXXXX | Compliance | Charges That Cannot Increase Test | This loan failed the charges that cannot increase test. (XXX XXX §XXX(e) (XXX) (i)) The loan contains charges that exceed the XXX determination according to §XXX(e) (XXX) (i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §XXX(e) is in XXX if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §XXX(e) (XXX) (i). Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX tolerance violation in the amount of $XXX is due to increase from $XXX to $XXX for the Appraisal Re-inspection fee. The COC dated XX/XX/XXXX doesn't provide enough information to determine if the fee increase is valid. Provide a more detailed explanation. | Cure | 07/15/2025 | Lender provided LOE, PCCD reflecting cure provided as a principal reduction and snapshot verifying principal reduction was applied. Cured post close, loan will be graded a B. | 07/17/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D B C A |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/28/2025 | Resolved | XXXXX | Credit | Title Document Missing | Title Document is missing Missinf title report. | title commit | 07/15/2025 | Lender provided Title commitment. Condition cleared.; Title Document is fully Present | 07/17/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D B A C |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/28/2025 | Resolved | XXXXX | Credit | AUS Partially Provided | AUS Partially Provided Loan was approved with AUS #XXX Submission, however file is missing submission #XXX. | LP | 07/09/2025 | Resolved as we have received the correct AUS from lender. ; AUS is not incomplete | 07/10/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D B A C |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/28/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D B C A |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | Borrower 1 3rd Party VOE Prior to Close Missing | Borrower 1 3rd Party VOE Prior to Close Missing Third party VOE was provided however there is no date or Web address inlcuded on the form provided. | VOE | 07/10/2025 | Lender provided Verification of Business dated within XXX days of the Note date. Condition cleared.; Borrower 1 3rd Party VOE Prior to Close Was Provided | 07/11/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Curative | 06/26/2025 | Resolved | XXXXX | Credit | Asset XXX Does Not Meet Guideline Requirements | Asset XXX Does Not Meet Guideline Requirements Asset balances used by the Lender do not match the XX/XX/XXXX Statements, provide additional Statements verifying the actual balances used to qualify the borrower. | Please see attached | 07/17/2025 | Lender provided updated XXX, XXX and AUS reflecting assets in the amount of $XXX was used in qualification, which matches the asset documentation in file. Condition cleared.; Asset XXX Meets Guideline Requirements Or Not Applicable | 07/18/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Curative | 06/26/2025 | Resolved | XXXXX | Property | XXX Post Disaster Inspection Report not Provided | The subject property is a XXX disaster case; however, the inspection report was not provided. XXX declared XXX in a XXX (XXX) on XX/XX/XXXX, with a release date of XX/XX/XXXX. The appraisal in the file is dated XX/XX/XXXX and shows no damage. Exception is for informational purposes only. | PDI | 07/08/2025 | Condition resolved as we have received the XXX verifying no issues.; XXX Post Disaster Inspection report was provided. | 07/10/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Curative | 06/26/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | The borrower owns an additional XXX located at XXX XXX, evidence of HOA fee was not found in the file. Provide a current HOA Statement. | My apologies! Here you go.; XXX HOA | 07/17/2025 | Lender provided verification of HOA fees for property XXX XXX. Condition cleared.; Lender provided documentation for HOA; however, the documentation was cutoff and HOA fees was not legible. Condition retained. | 07/18/2025 | Borrower has stable job time - Borrower has XXX years on job. D A |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | Disagree - Post CD - Total Loan Cost XXX | 07/14/2025 | Lender provided PCCD reflecting Total Loan Cost of $XXX. Condition cleared.; Material Finding; XXX discrepancy noted: Audit total loan costs $XXX vs Lender value $XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. D A B |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, additional finding created. ; XXX Data Tape Provided. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/02/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | XXX to order XXX - XXX Score XXX |  |  | Third party valuation product provided within tolerance. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | Borrower 1 XXX Tax Returns Missing | Borrower 1 XXX Tax Returns Missing The borrower received XXX from donor via XXX bank account, fraud report indicates donor is CEO of the borrower's employer, provide XXX years signed XXX tax returns verifying borrower does not have ownership in the business. | XXX; Tax Returns | 08/01/2025 | Borrower 1 XXX Tax Returns Provided Lender provided XXX tax return supporting Borrower does not have XXX in business. Condition cleared.; Lender provided XX/XX/XXXX tax returns reflecting Borrower has not claimed business income in XXX, indicating Borrower does not have XXX in XXX. Please provide additional year tax return to meet XXX requirements. Condition retained. | 08/04/2025 | D A |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Documented expenses for XXX XXX total $XXX, XXX indicates $XXX with a difference of $XXX. No evidence was found addressing an HOA fee for the property. Provide HOA fee Statement or a signed letter from the borrower stating there is no HOA fee. | I agree our screens are not accurate.but my PITI does not match yours. \| \| I came up with PI $XXX + taxes $XXX + HOI $XXX = $XXX. Do you agree with this figure? If not, can you tell me how you arrived at $XXX. Once we're on the same page with PITI I will have our XXX updated. Thanks! \| ; I agree our screens are not accurate.but my PITI does not match yours. \| I came up with PI $XXX + taxes $XXX + HOI $XXX = $XXX. Do you agree with this figure? If not, can you tell me how you arrived at $XXX. Once we're on the same page with PITI I will have our XXX updated. Thanks! | 07/09/2025 | Lender provided property detail report and hoi. Audit property search supports property does not have HOA fees. The documentation verifies PITI of $XXX. Lender included a higher amount for XXX and loan qualified with the higher payment. Condition cleared. | 07/10/2025 | D A |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | D A C |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception<br>Rebuttal<br>Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/27/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | C A |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/29/2025 | Resolved | XXXXX | Credit | XXX Contract is Missing | is XXX but XXX Contract Doc is Missing | XXX Contract | 07/16/2025 | Lender provided XXX Contract. Condition cleared.; XXX Contract Doc is not Missing, or is Not Applicable.; ; is XXX but XXX Contract Doc is Missing; XXX Contract Doc is not Missing, or is Not Applicable.; is XXX but XXX Contract Doc is Missing; XXX Contract Doc is not Missing, or is Not Applicable.; XXX Contract Doc is not Missing, or is Not Applicable. | 07/17/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A C |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/02/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | XXX to order XXX - No XXX score reported |  |  | Third party valuation product provided within tolerance. | 07/17/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A C |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A C |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/27/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | C A |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Property | Subject property appraisal is not on an as-is basis (Primary Value) | Primary Value Subject Property Appraisal is not on an As-Is Basis Appraisal signed by the appraiser on XX/XX/XXXX reflects the appraisal as is. B1 requested it to be changed to reflect "subject to" isntallation of flooring in family room/dining area which was updated by the appraiser XX/XX/XXXX. Completion cert was not documented in the file. | 1004D | 07/10/2025 | Lender provided XXX completion report. Condition cleared.; Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable; Primary Value Subject Property Appraisal is not on an As-Is Basis Appraisal signed by the appraiser on XX/XX/XXXX reflects the appraisal as is. B1 requested it to be changed to reflect "subject to" isntallation of flooring in XXX area which was updated by the appraiser XX/XX/XXXX. Completion cert was not documented in the file. | 07/11/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | We agree with audit's value - loan costs $XXX | 07/10/2025 | Lender agreed with audit value. Condition cleared.; Material Finding; Audit Total loan costs $XXX vs Lender value $XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/11/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, additional finding created. ; XXX Data Tape Provided. | 07/11/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Compliance | Evidence of Appraisal Delivery to Borrower not Provided or Late (XXX XXX XXX(a) (XXX)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). | Appraisal delivery | 07/10/2025 | Lender provided verification of Borrower's receipt of appraisal. Condition cleared.; Evidence of appraisal delivery provided.; Material Finding | 07/11/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/02/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | XXX to order XXX - no XXX score reporting |  |  | Third party valuation product provided within tolerance. | 07/09/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | Disagree | 07/14/2025 | Lender provided Final 1003 verifying ULI of XXX, supporting Lender's ULI. Condition cleared.; Material Finding; XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A B |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - additional discrepancy condition created. ; XXX Data Tape Provided. | 07/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Missing supporting documentation to complete the REO amount of $XXX. Taxes and Insurance have been documented there is a difference in the amount of $XXX that has not been accounted for. | Please see HOA bill attached | 07/14/2025 | Lender provided verification of HOA fees of $XXX. Condition cleared. | 07/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | The Note is Missing | The Note is Missing. Missing Note. | Note | 07/02/2025 | Condition resolved as we have received the missing Note. ; The Note is Present. | 07/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. D A |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Compliance | Evidence of Appraisal Delivery to Borrower not Provided or Late (XXX XXX XXX(a) (XXX)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). | Appraisal Delivery | 07/10/2025 | Lender provided verification of Borrower's receipt of appraisal. Condition cleared.; Evidence of appraisal delivery provided.; Material Finding | 07/11/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/26/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. | XXX | 07/01/2025 | XXX received - within tolerance - cleared; Material Finding; Must be a XXX, XXX to order.; Third party valuation product provided within tolerance. | 07/08/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/26/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/27/2025 | Resolved | XXXXX | Credit | Title Document Missing | Title Document is missing Missing title report. | Prelim | 07/09/2025 | Resolved as we have received the missing title. ; Title Document is fully Present | 07/10/2025 | D A C B |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Compliance | Evidence of Appraisal Delivery to Borrower not Provided or Late (XXX XXX XXX(a) (XXX)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). | Appraisal delivery | 07/09/2025 | Received evidence of emailed appraisal to borrower. ; Evidence of appraisal delivery provided.; Material Finding | 07/10/2025 | D A B C |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/27/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Missing third party valuation. | XXX | 07/01/2025 | XXX received - within tolerance - cleared; Material Finding; Must be a XXX, XXX to review. | 07/09/2025 | D A C B |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/27/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | D A C B |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/27/2025 | Resolved | XXXXX | Credit | Asset Qualification Does Not Meet Guideline Requirements | Asset Qualification Does Not Meet Guideline Requirements Missing evidence of transferred gift funds. | Gift Receipt | 07/02/2025 | Resolved as we have received evident of the Gift funds transfer to title.; Asset Qualification Meets Guideline Requirements | 07/03/2025 | D A C B |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | XXX Contract is Incomplete | is XXX but XXX Contract Doc is Incomplete The borrower received a Real EState Commission credit on the Final CD towards funds to close, an addendum to the contract or other authorization was not found in the file, please provide. | Please see attached | 07/08/2025 | Lender provided Compensation Disbursement Form to the XXX contract reflecting credits can be used towards closing costs, prepaid, Lender fees and other sales concessions. Condition cleared.; XXX Contract Doc is complete.; is XXX but XXX Contract Doc is Incomplete; Material Finding | 07/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% D A B C |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. | You State "must be a XXX"is that an overlay? Our guidelines allow XXX 07/03/2025 Third party valuation product provided within tolerance.; XXX received - within tolerance - cleared; Audit reviewed Lender's response. The client overlays requires a XXX, which will be ordered by XXX firm. Condition retained.; Must be a XXX, XXX to order. 07/15/2025 is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% D A C A D A C A A A D D C A D D C A D D C A D D C A D D C A A A A A A A A A A A A A A A A A A A A A |  |  |  |  |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | Title Document Missing | Title Document is missing A Title Commitment for the subject property was not found in the file, please provide. |  |  | Lender provided Title commitment. Condition cleared.; Title Document is fully Present; Title Document is missing | 07/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% D A C |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | Missing Property Tax Cert | Missing Property Tax Cert A Property Tax Certification for the subject property was not found in the file, please provide. | Property tax | 07/02/2025 | Property Tax Cert Provided | 07/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% D A C |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/03/2025 | Resolved | XXXXX | Credit | Title Coverage is Less than Subject Lien | Title Coverage Amount of $XXX is Less than Total Amount of Subject Lien $XXX | Title | 07/14/2025 | Title Coverage Amount of $XXX is equal to or greater than Total Amount of Subject Lien $XXX; Material Finding | 07/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% D A B C |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | The Total Hazard Coverage is LESS than the Required Coverage Amount | The hazard insurance dwelling coverage of ($XXX) is insufficient, not meeting the required coverage amount of ($XXX). The Hazard Insurance coverage provided is not sufficient to cover the principal loan amount, provide a replacement cost estimator from the insurer. | XXX | 07/09/2025 | Resolved as we have received the XXX verifying sufficient hazard coverage. ; The Total Hazard Coverage is greater than or equal to the Required Coverage Amount | 07/10/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% D A C |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% D A C |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | Missing XXX Patriot Act Disclosure or ID | Missing XXX Patriot Act Disclosure or ID. Provide completed closing XXX Patriot Act Disclosure for both borrowers. | XXX Patriot | 07/02/2025 | XXX Patriot Act Disclosure or ID provided.; Material Finding | 07/08/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% D A B C |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | Asset XXX Does Not Meet Guideline Requirements | Asset XXX Does Not Meet Guideline Requirements A gift of $XXX was included in the borrower's assets, evidence of the gift transfer to the borrower at closing was not found. Please provide evidence gift transferred from the donor to title at closing. | Gift Transfer | 07/02/2025 | Resolved as we have received evidence of the GIFT from account being transferred to the title company. ; Asset XXX Meets Guideline Requirements Or Not Applicable | 07/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% D A C |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | Missing Letter of Explanation (Credit) | A signed letter from the borrowers addressing inquires on credit report within the last XXX days was not found, please provide. | XXX does not obtain inquiry letters from our borrowers. Instead, we run a pre-funding XXX Gap Report to ensure there are no undisclosed liabilities. If there are, we add them to the liabilities on the XXX. If there are not, we move forward with the closing. This process runs in the background so we don't get any output unless an undisclosed liability is identified. | 07/02/2025 | Condition resolved as we have received evidence of no additional liabilities from the lender. | 07/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% D A C |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | The Deed of Trust is Incomplete | The Deed of Trust is Incomplete The Deed of Trust indicates a XXX Rider is required but was not found in the file, please provide the executed Rider. | XXX Rider | 07/02/2025 | The Deed of Trust is Present and Complete | 07/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% D A C |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | Borrower 2 Citizenship Documentation not provided | Borrower 2 Citizenship Documentation not provided. Borrower 2 XXX expired XX/XX/XXXX, provide another form of Government Issued Photo ID. | H1B | 07/02/2025 | Citizenship Documentation is provided. | 07/03/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% D A C |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | Title Document Missing | Title Document is missing A Title Commitment was not found in the file, please provide. | Supplemental; Document Uploaded. See supplemental prelim; title | 07/20/2025 | Lender provided title supplement reflecting coverage of $XXX. Condition cleared.; Title Document is fully Present; Lender provided Preliminary Report; however, it does not reflect the amount of title coverage. Condition retained. | 07/22/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | Missing Property Tax Cert | Missing Property Tax Cert Provide a completed Tax and Insurance Information Sheet or a current Tax Bill verifying the property taxes for the subject. | Property tax | 07/02/2025 | Property Tax Cert Provided | 07/22/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/07/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | Disagree - Post CD - Total Loan Cost XXX | 07/14/2025 | Lender provided PCCD reflecting Total Loan Costs of $XXX, agreeing with Lender's value. Condition cleared.; Lender provided PCCD reflecting Total Loan Costs of $XXX, agreeing with Lender's value. Condition cleared.; Material Finding; XXX discrepancy noted: Audit total loan costs $XXX vs Lender value $XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. ; Lender provided PCCD reflecting Total Loan Costs of $XXX, agreeing with Lender's value. Condition cleared.; Material Finding; XXX discrepancy noted: Audit total loan costs $XXX vs Lender value $XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/15/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A B C |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, additional discrepancy finding created. ; XXX Data Tape Provided. | 07/15/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception<br>Rebuttal<br>Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Compliance | Charges That In Total Cannot Increase More Than XXX% Test | This loan failed the charges that in total cannot increase more than XXX% test. (XXX XXX §XXX(e) (XXX) (ii)) The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the XXX tolerance according to §XXX(e) (XXX) (ii). The final charges that in total cannot increase more than XXX% ($XXX) exceed the comparable charges ($XXX) by more than XXX%. Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in XXX if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §XXX(e) (XXX) (i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §XXX(e) (XXX) (vi). XXX Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The Tolerance violation in the amount of $XXX is due to Increase from $XXX to $XXX for the Recording Fee on CD XX/XX/XXXX. | Final Settlement Statement | 07/09/2025 | Lender provided PCCD / Funding CD and settlement Statement. Audit re-ran compliance and has determined fees are within tolerance. Condition cleared.; Lender provided PCCD / Funding CD and settlement Statement. Audit re-ran compliance and has determined fees are within tolerance. Condition cleared. | 07/10/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Credit | The Total Hazard Coverage is LESS than the Required Coverage Amount | The hazard insurance dwelling coverage of ($XXX) is insufficient, not meeting the required coverage amount of ($XXX). The Hazard Insurance Policy does not provide sufficient coverage, provide a replacement cost estimator from the insurer. | HOI | 07/09/2025 | The Total Hazard Coverage is greater than or equal to the Required Coverage Amount | 07/10/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/02/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | XXX to order XXX - XXX Score XXX |  |  | XXX received - within tolerance - cleared; Material Finding; XXX to order XXX - XXX score XXX; Third party valuation product provided within tolerance. | 07/08/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Cured | XXXXX | Compliance | Lender Credits That Cannot Decrease Test | This loan failed the lender credits that cannot decrease test. (XXX XXX §XXX(e) (XXX) (i)) The loan contains charges that exceed the XXX determination according to §XXX(e) (XXX) (i). The final sum of specific and non-specific lender credits ($XXX) does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §XXX(e) is in XXX if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §XXX(e) (XXX) (i). XXX Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The Tolerance violation in the amount of $XXX is due to Decrease from $XXX to $XXX for the Lender Credit on CD XX/XX/XXXX. No COC provided in file. | Cure document ; The issue at hand is an "administrative error". At initial pricing, a credit was triggered within the LOS with a loan level margin changed from XXX to.XXX to bring the loan to par -.XXX which is $XXX (which is the XXX). This entry incorrectly applied as a Lender Credit. \| \| The Truth in Lending Act provides a "XXX error" defense for certain XXX violations. Specifically, XXX XXX XXX(c) provides that a creditor or assignee "may not be held liable in any action brought under [XX/XX/XXXX, providing for civil liability for certain XXX violations, or XX/XX/XXXX, providing a right of rescission for certain XXX transactions], if the creditor or assignee shows by a preponderance of evidence that the violation was not intentional and resulted from a XXX error, notwithstanding the maintenance of procedures reasonably adapted to avoid any such error." XX/XX/XXXX(c). The statute goes on to State, "Examples of a XXX error include, but are not limited to, clerical, calculation, computer malfunction and programing, and printing errors, except that an error of legal judgment with respect to a person's obligations under this subchapter is not a XXX error." Id. \| \| At the point the issue was identified, a XXX was issued to the borrower and the Lender Credit removed. | 08/04/2025 | Lender provided LOE, PCCD, copy of refund check and proof of delivery. Cured post close, loan will be graded a B.; Lender provided LOE, PCCD, copy of refund check and proof of delivery. Cured post close, loan will be graded a B.; Compliance has determined the technical error would not be considered a valid COC. Creditors are generally bound by the loan estimate provided within XXX business days of the application and may not issue revisions to the loan estimates because they later discover technical errors, miscalculations or underestimates of charges. Please provide cure of $XXX for decrease in Lender credits. Condition retained.; Escalated to compliance. | 08/04/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Required Affiliated Business Disclosure Missing | Acknowledged- please consider this a non-material condition (XXX) ; Affiliate | 07/25/2025 | Cleared, Required Affiliated Business Disclosure Documentation Provided; The affiliated business disclosure received id sated XX/XX/XXXX, greater than XXX days of the date. Condition remains. ; Required Affiliated Business Disclosure Documentation Provided; Material Finding | 07/28/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/07/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | We agree with audit's value - XXX ULI | 07/09/2025 | XXX discrepancy resolved as lender agrees with audit. ; XXX discrepancy resolved as lender agrees with audit. ; Material Finding; XXX discrepancy noted: Audit ULI XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. Additionally, Audit XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. Also, Audit total loan costs XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value.; XXX discrepancy resolved as lender agrees with audit. ; Material Finding; XXX discrepancy noted: Audit ULI XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. Additionally, Audit XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. Also, Audit total loan costs XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/10/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/26/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - additional discrepancy condition created. ; XXX Data Tape Provided. | 07/10/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Missing supporting documentation to document REO monthly payment of $XXX. Taxes document at $XXX, HOI documented at $XXX, XXX payment doucmented at $XXX= $XXX, missing documentation to support amount of $XXX. | HOA | 07/09/2025 | Lender provided verification of HOA fees of $XXX per month. Condition cleared. | 07/11/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Property | Subject property appraisal is not on an as-is basis (Primary Value) | Primary Value Subject Property Appraisal is not on an As-Is Basis Appraisal is completed subject to, 1004D was not provided. | Document Uploaded. Please see completion cert | 08/03/2025 | Lender provided XXX completion certificate. Condition cleared.; Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable | 08/04/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | The Final 1003 is Incomplete | The Final 1003 is Incomplete Inital application reflects the subject property as an XXX however, the final application reflects that the subject is a XXX. Borrower cannot own XXX XXX. Is the departing property to be an XXX? If so, final application to reflect departing address as an XXX. | Revised XXX; The borrower's departing home is XXX XXX. XXX will move into the subject when the construction is complete. I am guessing they submitted it originally as an XXX because XXX can't occupy right away. We are qualifying with full PITI on both properties. | 07/15/2025 | Lender provided updated XXX reflecting departing residence as XXX. Condition cleared.; The Final 1003 is Present; Audit reviewed Lender's response. Please provide corrected XXX reflecting departing residence as XXX. Condition retained. | 07/17/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | AUS Partially Provided | AUS Partially Provided AUS does not support sufficient assets or funds to close. AUS to reflect additional savings account and to reflect as $XXX. | AUS #XXX | 07/02/2025 | Resolved as we have received an updated AUS with the missing assets. ; AUS is not incomplete | 07/03/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;205 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/02/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | XXX to order XXX - no XXX score reporting |  |  | Third party valuation product provided within tolerance. | 07/09/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;205 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/26/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | AUS Partially Provided | AUS Partially Provided AUS does not reflects the borrowers are self-XXX based on the income requirements of YTD XXX and W2's. AUS to be corrected to reflects both borrowers as self-XXX. | Revised XXX and AUS; As indicated on the XXX the borrowers own less than XXX%. Therefore, they are not considered self-XXX. | 07/25/2025 | Lender provided updated AUS reflecting Borrower's self-employment with self-employment requirements. Condition cleared.; AUS is not incomplete; Audit reviewed Lender's response and has determined the XXX for XXX, the business that has positive income on the XXX, reflect Borrower 1 has XXX% ownership and Borrower 2 has XXX% ownership in business. Please provide updated AUS to reflect the correct requirements for self-employment for both Borrowers. Condition retained. | 07/28/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Missing documentation to support the taxes for REO property in XXX. | Taxes | 07/18/2025 | Lender provided property detail report for property XXX XXX reflecting property taxes. Condition cleared. | 07/22/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX Data Tape Provided. | 07/08/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% D A C |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/07/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | Disagree - We create the ULI for this type of loan since we complete the Credit Review ahead of the loan closing. The ULI reported is the correct ULI | 07/14/2025 | Lender provided screenshot verifying Lender's ULI of XXX. Condition cleared.; Material Finding; XXX discrepancy noted: Audit ULI XXX vs Lender value XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/26/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - additional discrepancy condition created. ; XXX Data Tape Provided. | 07/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/26/2025 | Resolved | XXXXX | Compliance | Charges That In Total Cannot Increase More Than XXX% Test | This loan failed the charges that in total cannot increase more than XXX% test. (XXX XXX §XXX(e) (XXX) (ii)) The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the XXX tolerance according to §XXX(e) (XXX) (ii). The final charges that in total cannot increase more than XXX% ($XXX) exceed the comparable charges ($XXX) by more than XXX%. Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in XXX if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §XXX(e) (XXX) (i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §XXX(e) (XXX) (vi). Service Provider List is not dated. Provided dated copy which may eliminate XXX% tolerance finding. | XXX | 07/10/2025 | Lender provided Initial XXX. Audit re-ran compliance and has determined fees are within tolerance. Condition cleared.; Lender provided Initial XXX. Audit re-ran compliance and has determined fees are within tolerance. Condition cleared. | 07/11/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/26/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Missing Affiliated Business Disclosure | Affiliate | 07/10/2025 | Lender provided attestation of no affiliates. Condition cleared.; Required Affiliated Business Disclosure Documentation Provided; Material Finding; Required Affiliated Business Disclosure Missing Missing Affiliated Business Disclosure | 07/11/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/02/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | XXX to order XXX - XXX Score XXX |  |  | Third party valuation product provided within tolerance. | 07/09/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/25/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Documentation required to clear exception: Required Affiliated Business Disclosure Missing. | No affiliates | 07/09/2025 | Lender provided attestation of no affiliates. Condition cleared. ; Required Affiliated Business Disclosure Documentation Provided; Material Finding | 07/10/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | We agree with audit's value of - ULI XXX | 07/09/2025 | Lender agreed with audit value. Condition cleared. ; Material Finding; XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/10/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/27/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - additional discrepancy condition created. ; XXX Data Tape Provided. | 07/10/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/02/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | XXX to order XXX - XXX Score XXX |  |  | Third party valuation product provided within tolerance. | 07/09/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | Disagree - We create the ULI for this type of loan since we complete the Credit Review ahead of the loan closing. The ULI reported is the correct ULI | 07/14/2025 | Lender provided screenshot verifying Lender's ULI of XXX. Condition cleared. ; Material Finding | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - additional discrepancy condition created. ; XXX Data Tape Provided. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Third Party Valuation Product Not Provided. Please provide Third Party Valuation Product. | Field Review | 07/08/2025 | Third party valuation product provided within tolerance.; Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Third Party Valuation Product Not Provided. Please provide Third Party Valuation Product. | 07/09/2025 | Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Curative | 06/29/2025 | Resolved | XXXXX | Compliance | Evidence of Appraisal Delivery to Borrower not Provided or Late (XXX XXX XXX(a) (XXX)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). Evidence that the appraisal was provided to the borrower at least XXX business days prior to consummation, XX/XX/XXXX, was not found in the loan file. | Appraisal delivery | 07/29/2025 | Lender provided verification of Borrower's receipt of appraisal. Condition cleared.; Evidence of appraisal delivery provided.; Material Finding | 07/31/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A B C |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Curative | 07/01/2025 | Resolved | XXXXX | Credit | AUS Partially Provided | AUS Partially Provided Final XXX provided does not reflect the lowest value of the XXX appraisals provided and the. | XXX \| | 07/29/2025 | Lender provided updated XXX. Condition cleared.; AUS is not incomplete | 07/31/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C B |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Curative | 07/07/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance |  | XXX | 07/08/2025 | Third party valuation product provided within tolerance. | 07/31/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C B |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Curative | 07/08/2025 | Resolved | XXXXX | Credit | ULI Number on URLA does not match ULI Number provided by the Lender | The ULI Number on URLA ([ULI]) does NOT Match the ULI Number provided by the Lender (XXX ULI]). Missing evidence of lenders ULI number. | XXX is correct | 07/08/2025 | Lender provided valid ULI of XXX. Condition cleared.; Material Finding | 07/10/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A B C |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Curative | 07/07/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | XXX is correct as per the Note | 07/08/2025 | Lender agreed with audit value. Condition cleared.; Material Finding; XXX discrepancy noted: Audit city XXX vs Lender value XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/10/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A B C |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Curative | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - additional discrepancy condition created. ; XXX Data Tape Provided. | 07/10/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C B |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Curative | 07/01/2025 | Resolved | XXXXX | Credit | Third Party Fraud Report not Provided | Missing Third Party Fraud Report Missing third party fraud report. |  |  | Fraud Report received with no red flags. Condition Cleared.; Third Party Fraud Report is provided | 07/07/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. D A C B |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Third Party Valuation Product Not Provided. Please provide Third Party Valuation Product. | XXX | 07/02/2025 | XXX received - within tolerance - cleared; Material Finding; Must be a XXX, XXX to order. ; Third party valuation product provided within tolerance. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. | XXX | 07/02/2025 | XXX received - within tolerance - cleared; Material Finding; XXX must be used. XXX to order.; Third party valuation product provided within tolerance. | 07/08/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. C A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception<br>Rebuttal<br>Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/29/2025 | Resolved | XXXXX | Compliance | Evidence of Appraisal Delivery to Borrower not Provided or Late (XXX XXX XXX(a) (XXX)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). Evidence that the appraisal was provided to the borrower at least XXX business days prior to consummation, XX/XX/XXXX, was not found in the loan file. | mailed Date XX/XX/XXXX; Appraisal Letter | 07/14/2025 | Lender provided verification of the date the appraisal was mailed to the Borrower. Condition cleared.; Evidence of appraisal delivery provided.; Finding remains, received information for appraisal delivery from lender that has no dates listed. ; Material Finding | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Third Party Valuation Product Not Provided. Please provide Third Party Valuation Product. | XXX | 07/08/2025 | Third party valuation product provided within tolerance. | 07/09/2025 | Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/07/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance |  |  |  | Third party valuation product provided within tolerance. | 07/09/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Required secondary support of value(XXX or XXX where applicable). Please provide required secondary support of value. | Not required XXX score of XXX | 07/02/2025 | Third party valuation product provided within tolerance.; XXX received - within tolerance - cleared; XXX required, XXX to review. | 07/15/2025 | C A |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | C A |
| &nbsp;&nbsp;&nbsp;216 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | Title Document Missing | Title Document is missing Required Title document is missing for review. Please provide required title document. | Final Title ; Document Uploaded. Please see lender policy with correct amount. ; Supplemental and prelim; title | 08/04/2025 | Lender provided Title document reflecting sufficient coverage of $XXX. Condition cleared.; Title Document is fully Present; Lender provided Title Supplement; however, the title coverage reflects $XXX, which is insufficient to cover the loan amount of $XXX. Please provide Title reflecting sufficient coverage of $XXX. Condition retained.; Lender provided Preliminary Report; however, it does not reflect the amount of Title Insurance. Condition retained. | 08/05/2025 | D A C |
| &nbsp;&nbsp;&nbsp;216 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | Disagree - Post CD - Total Loan Costs = XXX | 07/14/2025 | Lender provided PCCD reflecting Total Loan Costs of $XXX, which supports Lender's value. Condition cleared.; Material Finding; Audit Total loan costs $XXX vs Lender value $XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/15/2025 | D A B C |
| &nbsp;&nbsp;&nbsp;216 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, additional finding created. ; XXX Data Tape Provided. | 07/15/2025 | D A C |
| &nbsp;&nbsp;&nbsp;216 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/02/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | XXX to order XXX - no XXX score reported |  |  | Third party valuation product provided within tolerance. | 07/09/2025 | D A C |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Third Party Valuation Product Not Provided. Please provide Third Party Valuation Product. |  |  | Third party valuation product provided within tolerance. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/02/2025 | Acknowledged | XXXXX | Credit | Hazard Insurance Effective Date is after the Disbursement Date | Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX. | Attestation Letter - No claims; hoi | 07/24/2025 | Document Uploaded. ; Attestation received for no claim & PCI received - Acknowledged/Downgrade to B; Lender provided hazard insurance; however, the effective date is XX/XX/XXXX, which is after the disbursement date of XX/XX/XXXX. Condition retained. | 07/24/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% C B A |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/27/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Provide evidence the Affiliated Business Disclosure was sent within XXX days of application XX/XX/XXXX or documentation confirming Answer Home Lending does not have any affiliates. | The ABA disclosure is only required if the creditor referred an affiliate to the customer. Otherwise, the disclosure would not be part of the loan file. As mentioned, XXX does not allow affiliates on XXX loans. Requiring a blank disclosure, would also be a regulatory violation. | 07/15/2025 | Lender provided attestation of no affiliates. Condition cleared.; Required Affiliated Business Disclosure Documentation Provided; Material Finding | 07/17/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% C B A |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/07/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: XXX discrepancy noted: Audit ULI XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. Additionally, Audit XXX XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. Also, Audit total loan costs $XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | Agree - XXX \| Agree - XXX XXX \| Agree - Total Loan Costs = XXX | 07/14/2025 | Lender agreed with audit value. Condition cleared. ; Material Finding | 07/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% C B A |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - additional discrepancy condition created. ; XXX Data Tape Provided. | 07/15/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% C B A |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/28/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Missing Affiliated Business Disclosure or the Privacy Notice/Disclosure indicating the Lender does not have any affiliates. | XXX; The XXX disclosure is only required if the creditor referred an affiliate to the customer. Otherwise, the disclosure would not be part of the loan file. As mentioned, XXX does not allow affiliates on XXX loans. Requiring a blank disclosure, would also be a regulatory violation.; No affiliates | 07/24/2025 | Lender provided attestation of no affiliates. Condition cleared.; Required Affiliated Business Disclosure Documentation Provided; An attestation for no affiliates was provided; however, it indicates there are no affiliates allowed for Brokers. Please provide an attestation for the Lender on the loan or provide the Affiliated Business Disclosure for the Lender, XXX Loans. Condition retained.; Lender provided attestation of no affiliates; however, it is not for the Lender on the subject transaction. Condition retained.; Material Finding | 07/25/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/07/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | We agree with audit's value - ULI /XXX and Loan Costs of $XXX | 07/10/2025 | Lender agreed with audit value for ULI of XXX and Loan Costs. Condition cleared.; Lender agreed with audit value for ULI of XXX and Loan Costs. Condition cleared.; Material Finding; The following XXX Discrepancy(s) have been noted: XXX discrepancy noted: Audit ULI XXX Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. Additionally, Audit XXX vs Lender value missing) , Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. Also, Audit total loan costs $XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value.; The following XXX Discrepancy(s) have been noted: ; Lender agreed with audit value for ULI of XXX and Loan Costs. Condition cleared.; Material Finding; The following XXX Discrepancy(s) have been noted: XXX discrepancy noted: Audit ULI XXX Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. Additionally, Audit XXX vs Lender value missing) , Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. Also, Audit total loan costs $XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value.; The following XXX Discrepancy(s) have been noted: ; The following XXX Discrepancy(s) have been noted: XXX discrepancy noted: Audit ULI XXX Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. Additionally, Audit XXX vs Lender value missing) , Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. Also, Audit total loan costs $XXX vs Lender value missing, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/11/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX Data Tape Provided. | 07/11/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. |  |  | Third party valuation product provided within tolerance. | 07/08/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/27/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing The XXX is missing from the loan file. | XXX | 07/16/2025 | Lender provided attestation of no affiliates. Condition cleared.; Required Affiliated Business Disclosure Documentation Provided; Material Finding | 07/17/2025 | Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | " \| Disagree - We create the ULI for this type of loan since we complete the Credit Review ahead of the loan closing. The ULI reported is the correct ULI"; XXX is correct | 07/14/2025 | Lender provided screenshot verifying Lender's ULI of XXX. Condition cleared. ; Lender indicated ULI of XXX; however, the application in file reflects ULI number as XXX. Please provide documentation to verify the correct ULI number. Condition retained.; Material Finding; XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - additional discrepancy condition created. ; XXX Data Tape Provided. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. Third Party Valuation Product Not Provided. Please provide Third Party Valuation Product. | Invalid - XXX | 07/08/2025 | Third party valuation product provided within tolerance. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/27/2025 | Cured | XXXXX | Compliance | Charges That Cannot Increase Test | This loan failed the charges that cannot increase test. (XXX XXX §XXX(e) (XXX) (i)) The loan contains charges that exceed the XXX determination according to §XXX(e) (XXX) (i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §XXX(e) is in XXX if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §XXX(e) (XXX) (i). XXX Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX tolerance violation in the amount of $XXX is due to increase from $XXX to $XXX for the Appraisal Fee and an increase from $XXX to $XXX for the Transfer Taxes without a valid COC. Although COC's were provided for the Appraisal Fee increase (pages, XXX & XXX) , the reasons for the change were not valid. Please provide valid COC's or cure package. | cure | 07/17/2025 | Lender provided LOE, PCCD reflecting cure provided as a principal reduction and snapshot of Financial for Loan verifying the principal reduction was applied. Condition cleared. | 07/18/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. | XXX | 07/02/2025 | XXX received - within tolerance - cleared; XXX to order XXX - | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/27/2025 | Resolved | XXXXX | Compliance | Evidence of Appraisal Delivery to Borrower not Provided or Late (XXX XXX XXX(a) (XXX)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). Evidence that the appraisal was provided to the borrower at least XXX business days prior to consummation, XX/XX/XXXX, was not found in the loan file. | Appraisal receipt | 07/10/2025 | Lender provided verification of Borrower's receipt of appraisal. Condition cleared.; Evidence of appraisal delivery provided.; Material Finding | 07/11/2025 | Borrower has stable job time - Borrower has XXX years on job. D A B C |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | ULI Number on URLA does not match ULI Number provided by the Lender | The ULI Number on URLA ([ULI]) does NOT Match the ULI Number provided by the Lender (XXX ULI]). Missing evidence of the lenders ULI number. | XXX - ULI | 07/10/2025 | Lender provided valid ULI of XXX. Condition cleared.; Material Finding | 07/11/2025 | Borrower has stable job time - Borrower has XXX years on job. D A B C |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, no new discrepancies, finding resolved.; XXX data received, no new discrepancies, finding resolved.; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. D A C B |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/02/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance | XXX to order XXX - XXX Score XXX |  |  | Third party valuation product provided within tolerance. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. D A C B |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Credit | Third Party Fraud Report not Provided | Missing Third Party Fraud Report Fraud Report is required but missing from the file. |  |  | Fraud Report received with no red flags. Condition Cleared.; Third Party Fraud Report is provided | 07/07/2025 | Borrower has stable job time - Borrower has XXX years on job. D A C B |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/30/2025 | Resolved | XXXXX | Compliance | Missing Required Affiliated Business Disclosure | Required Affiliated Business Disclosure Missing Documentation required to clear exception: Required Affiliated Business Disclosure Missing. | XXX | 07/15/2025 | Lender provided Affiliated Business Disclosure. Condition cleared.; Required Affiliated Business Disclosure Documentation Provided; Material Finding | 07/17/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | " \| Disagree - We create the ULI for this type of loan since we complete the Credit Review ahead of the loan closing. The ULI reported is the correct ULI " | 07/14/2025 | Lender provided screenshot verifying Lender's ULI of XXX. Condition cleared. ; Material Finding; XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/15/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - additional discrepancy condition created. ; XXX Data Tape Provided. | 07/15/2025 | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | Correct ULI | 07/20/2025 | Lender provided a snippet verifying ULI number of XXX, supporting Lender's ULI. Condition cleared.; XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. ; Material Finding | 07/22/2025 | C A B |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. ; XXX received - additional discrepancy condition created. ; XXX Data Tape Provided. | 07/22/2025 | C A |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - no level XXX discrepancies - condition cleared ; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | Borrower 1 XXX Transcripts Missing | Borrower 1 XXX Transcripts Missing XXX tax returns used to verify rental income, Lender guidelines require a tax transcript, please provide. | Regarding XXX: We re-qualified the loan using full expenses in the DTI. Now, the tax returns have not been used to qualify so transcripts are not needed. ; Tax returns were not used for rental income \| \| XXX: If we used Schedule E the rental income would be $XXX. Instead we did not credit any rental income. \| \| XXX: Qualified with full PITI. | 07/23/2025 | Borrower 1 XXX Transcripts Provided Lender provided updated AUS and XXX removing the rental income for REO property and applying the full XXX; therefore, tax transcripts are not required. Audit re-calculated DTI of XXX% is within tolerance of the updated AUS approved DTI of XXX%. Condition cleared.; Borrower 1 XXX Transcripts Provided Lender provided updated AUS and XXX removing the rental income for REO property and applying the full XXX; therefore, tax transcripts are not required. Audit re-calculated DTI of XXX% is within tolerance of the updated AUS approved DTI of XXX%. Condition cleared.; Audit reviewed Lender's response and has determined rental income was used to offset the taxes, insurance and HOA for property XXX. Guidelines require tax transcripts when tax returns are used for qualification purposes. Condition retained. | 07/24/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | Disagree - Post CD Total Loan Costs = XXX | 07/14/2025 | Lender provided PCCD reflecting Total Loan Costs of $XXX agreeing with Lender's value. Condition cleared.; Material Finding; Audit Total loan costs $XXX vs Lender value $XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/15/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A B |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, additional finding created. ; XXX Data Tape Provided. | 07/15/2025 | Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Compliance | XXX. § XXX-XXX-XXX(XXX) (G) (ii) - Attorney Preference, Right to Choose Attorney disclosure was not provided | XXX. § XXX-XXX-XXX(XXX) (G) (ii) - Attorney Preference, Right to Choose Attorney disclosure was not provided. | Attorney Preference, Right to Choose Attorney disclosure | 07/15/2025 | Lender provided Attorney Preference letter. Condition cleared.; XXX § XXX-XXX-XXX(XXX) (G) (ii) - Attorney Preference, Right to Choose Attorney disclosure was provided.; Document Uploaded. | 07/17/2025 | Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/29/2025 | Resolved | XXXXX | Compliance | Homeownership Counseling Disclosure Is Missing | Homeownership Counseling Disclosure Is Missing The Homeownership Counseling Disclosure (HOC) is missing. The defect can be cured by providing evidence that shows the disclosure was provided to the consumer within XXX business days of the application on XX/XX/XXXX. | Homeownership Counseling Disclosure | 07/15/2025 | Lender provided Homeownership Counseling Disclosure. Condition cleared.; Homeownership Counseling Disclosure Is Present or Not Applicable; Material Finding | 07/17/2025 | Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | " \| Disagree - We create the ULI for this type of loan since we complete the Credit Review ahead of the loan closing. The ULI reported is the correct ULI " | 07/14/2025 | Lender provided screenshot verifying Lender's ULI of XXX. Condition cleared. ; Material Finding; XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. C A B |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - additional discrepancy condition created. ; XXX Data Tape Provided. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/07/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance |  |  |  | XXX received - within tolerance - cleared | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | " \| Disagree - We create the ULI for this type of loan since we complete the Credit Review ahead of the loan closing. The ULI reported is the correct ULI"; XXX is correct | 07/14/2025 | Lender provided screenshot verifying the valid ULI of XXX for subject transaction. Condition cleared.; Lender indicated ULI number XXX is correct; however, the ULI number on the XXX is XXX. Please provide documentation to verify the correct ULI number. Condition retained.; Material Finding; XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. D A B |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - additional discrepancy condition created. ; XXX Data Tape Provided. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | Third Party Fraud Report not Provided | Missing Third Party Fraud Report Missing Third Party Fraud Report |  |  | Fraud Report received with no red flags. Condition Cleared.; Third Party Fraud Report is provided | 07/07/2025 | Borrower has stable job time - Borrower has XXX years on job. D A |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 06/27/2025 | Resolved | XXXXX | Compliance | Evidence of Appraisal Delivery to Borrower not Provided or Late (XXX XXX XXX(a) (XXX)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (XX/XX/XXXX.XXX(a) (XXX)). Documentation required: Please provide evidence borrower received Appraisal within required XXX days | Appraisal delivery | 07/22/2025 | Lender provided verification of Borrower's receipt of appraisal. Condition cleared.; Evidence of appraisal delivery provided.; Material Finding | 07/24/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | ULI Number on URLA does not match ULI Number provided by the Lender | The ULI Number on URLA ([ULI]) does NOT Match the ULI Number provided by the Lender (XXX ULI]). Missing evidence of the lenders ULI number. | ULI is XXX | 07/16/2025 | Lender provided valid ULI of XXX. Condition cleared.; Material Finding | 07/17/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/07/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance |  |  |  | Third party valuation product provided within tolerance. | 07/09/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, no new discrepancies, finding resolved.; XXX Data Tape Provided. | 07/08/2025 | Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX C A B |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/02/2025 | Resolved | XXXXX | Credit | Income and Employment Do Not Meet Guidelines | Income and Employment Do Not Meet Guidelines Missing all pages of the XXX tax return. XXX years tax returns are required for B2 who is XXX by Family Member. Only pages XXX & XXX are in the file. | Tax Returns; Please see the attached response. | 07/28/2025 | Lender provided XXX tax return. Condition cleared.; Income and Employment Meet Guidelines; Audit reviewed Lender's response and has determined the AUS bullet point XXX requires signed federal tax returns filed with the XXX for the past XXX years. Condition retained. | 07/29/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% C A |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | ULI Number on URLA does not match ULI Number provided by the Lender | The ULI Number on URLA ([ULI]) does NOT Match the ULI Number provided by the Lender (XXX ULI]). Missing evidence of lenders ULI number. | ULI is - XXX | 07/16/2025 | Lender provided valid ULI of XXX. Condition cleared.; Material Finding | 07/17/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% C A B |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/07/2025 | Resolved | XXXXX | Property | Third Party Valuation Product Not Provided within XXX% Tolerance |  |  |  | Third party valuation product provided within tolerance. | 07/09/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% C A |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/02/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX data received, no discrepancies notre3d, condition cleared. ; XXX Data Tape Provided. | 07/08/2025 | is Greater than the Guideline Minimum - of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum - Calculated LTV of XXX% is less than Guideline LTV of XXX% \| Borrower has stable job time - Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX% is less than Guideline CLTV of XXX% C A |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/08/2025 | Resolved | XXXXX | Credit | XXX Discrepancy(s) Noted | The following XXX Discrepancy(s) have been noted: | " \| Disagree - We create the ULI for this type of loan since we complete the Credit Review ahead of the loan closing. The ULI reported is the correct ULI"; XXX is correct | 07/14/2025 | Lender provided screenshot verifying Lender's ULI of XXX. Condition cleared.; Finding remains. Audit ULI of XXX is reflected on the XXX applications as well as other source documents. Audit ULI XXX vs Lender ULI XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value.; XXX discrepancy noted: Audit ULI XXX vs Lender ULI XXX, Lender may clear finding by agreeing with Audit's value or provide documentation to support their value.; Material Finding | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. D A B |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | XXX Data Tape Not Provided | Loan is pending XXX data review. Additional conditions may apply. |  |  | XXX received - additional discrepancy condition created. ; XXX Data Tape Provided. | 07/15/2025 | Borrower has stable job time - Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX |  | XXX | XXXXX | XX/XX/XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan Review Complete | 07/01/2025 | Resolved | XXXXX | Credit | Third Party Fraud Report not Provided | Missing Third Party Fraud Report Provide Third Party Fraud Report |  |  | Fraud Report received with no red flags. Condition Cleared.; Third Party Fraud Report is provided | 07/07/2025 | Borrower has stable job time - Borrower has XXX years on job. D A |

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## Exhibit 99.8

**EXHIBIT 99.8** 

**CONSOLIDATED ANALYTICS DATA COMPARE REPORT** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Deal ID** | **Loan ID** | **Field Name** | **Verified Value** | **Bid Tape Value** | **Comment** |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | Borrower 1 Qualifying Income | XXX | XXX | True data verified per income/retirement documents. |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | All Other Payments | $XXX | $XXX | True data verified per credit report and REO documents. |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | Total Qualified Assets Post-Close | XXX | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | Borrower 1 Qualifying Income | XXX | XXX | Per Income |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | All Other Payments | $XXX | $XXX | Per credit and other REO docs- lender included investment property negative rents twice |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | Total Qualified Assets Post-Close | XXX | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | XXX | Per Income |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | XXX | per income docs |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | Borrower 1 Qualifying Income | XXX | XXX | Per income calculation. |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | Total Qualified Assets Post-Close | XXX | XXX | Per asset verification in file. |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | XXX | Per asset verification in file. |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | XXX | Per asset verification in file. |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | Borrower 2 Qualifying Income | XXX | XXX | Audit verified less total monthly income. |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | Qualifying HLTV | XXX | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | Qualifying CLTV | XXX | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | Qualifying LTV | XXX | XXX | Roudning. |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | XXX | Per asset verification in file. |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | Total Qualified Assets Post-Close | XXX | XXX | per asset verifiation in file. |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | XXX | Per asset verification in file. |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | XXX | Roudning. |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | XXX | Audit verified lower total monthly income. |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | Qualifying LTV | XXX | XXX | LTV is XXX, XXX% |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | Qualifying CLTV | XXX | XXX | LTV is XXX, XXX% |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | XXX | Audit assets of $XXX match the final 1003 (cash to close is $XXX) |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | Total Qualified Assets Post-Close | XXX | XXX | Audit assets of $XXX match the final 1003 (cash to close is $XXX) |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | XXX | The lender number is rounded |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | Borrower 1 Qualifying Income | XXX | XXX | B1 income is $XXX on the final 1003 and AUS. Audit calculated $XXX |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | Borrower 2 Qualifying Income | XXX | XXX | B2 income is $XXX on the final 1003 and AUS, but $XXX on the 1008. Audit calculated $XXX |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | Qualifying FICO | XXX | XXX | The qualifying credit score is XXX |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | Cash to Close | $XXX | $XXX | The cash to close from the final CD is $XXX |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | Qualifying CLTV | XXX | The LTV is XXX (XXX) |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | Qualifying LTV | XXX | The LTV is XXX (XXX) |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | AUS reserves are used for this loan |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | $XXX is the retirement balance less the loan, and matches the final 1003 and AUS |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | Total Qualified Assets Post-Close | XXX | $XXX is the retirement balance less the loan, and matches the final 1003 and AUS |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Borrower 1 Qualifying Income | XXX | Tape data is only base income |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | All Other Payments | $XXX | Tape data includes REO amounts |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Cash to Close | $XXX | $XXX is the amount from the final CD |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Monthly Property Tax Amount | $XXX | Property tax amount matches 1008 |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Primary Appraised Property Value | $XXX | XXX is the qualifying value |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Qualifying LTV | XXX | This is a rounding issue LTV is XXX |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Qualifying HLTV | XXX | This is a rounding issue LTV is XXX |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Secondary Appraised Property Value | $XXX | There are two appraisals in the file |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Qualifying CLTV | XXX | This is a rounding issue LTV is XXX |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the final 1003 |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | DTI is different because bonus may have been included by the lender (not on the final 1003 but on AUS) |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | DTI is different because bonus may have been included by the lender (not on the final 1003 but on AUS) |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | Borrower 1 Last Name | XXXXX | True data verified per Note. |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | All Other Payments | $XXX | True data verified per credit report. |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | Cash to Close | $XXX | True data verified per final CD. |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | Qualifying LTV | XXX | True data verified per appraisal. |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | Qualifying CLTV | XXX | True data verified per appraisal. |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | Qualifying HLTV | XXX | True data verified per appraisal. |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | True data verified per credit report, rental property docs and income docs. |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | Cash to Close | $XXX | Per final CD |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | Monthly Property Tax Amount | $XXX | Per title |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Per property insurance |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Per income |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Per income and credit docs |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | Property Address | XXX | True data verified per Note. |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | All Other Payments | $XXX | True data verified per credit report. |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | Qualifying CLTV | XXX | True data verified per appraisal. |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | Qualifying LTV | XXX | True data verified per appraisal. |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | True data verified per credit report and income documents. |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | True data verified per credit report and income documents. |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | Appraisal 2 Appraisal Company | XXX |  |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | Number of Units | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | Borrower 1 Qualifying Income | XXX | Per income |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | Qualifying CLTV | XXX | Per appraisal |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | Qualifying LTV | XXX | Per appraisal |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | Primary Appraised Property Value | $XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | Qualifying HLTV | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | per insurance |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per assets |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | Cash to Close | $XXX | Per final CD. |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Per HOI in file. |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | Total Qualified Assets Post-Close | XXX | Tape data shows total assets verified. Audit shows total qualified assets after deducting cash to close of $XXX |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | Borrower 2 Origination FICO | XXX | True data verified per credit report. |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | All Other Payments | $XXX | True data verified per credit report. |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per asset documents. |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data verified per asset documents. |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data verified per asset documents. |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | True data verified per credit report and income documents. |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | True data verified per credit report and income documents. |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | Qualifying LTV | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | Qualifying CLTV | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | Qualifying HLTV | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | Borrower 1 Self-Employment Flag | XXX | Per income |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | All Other Payments | $XXX | Per Credit |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Per Income |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Per income and credit docs |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | per insurance |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per Assets |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;137 | XXXXXX | Borrower 1 Self-Employment Flag | XXX | True data verified per final 1003 and employment documents. |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per asset documents. |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data verified per asset documents. |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | All Other Payments | $XXX | Lender amount includes retained property |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Lender assets are less the earnest money |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | Total Qualified Assets Post-Close | XXX | Lender assets are less the earnest money |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Lender assets are less the earnest money |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | Secondary Appraised Property Value | $XXX | An XXX was included in the file |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | Qualifying LTV | XXX | The LTV on the AUS is XXX% |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | Qualifying CLTV | XXX | The LTV on the AUS is XXX% |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Assets match the final 1003 |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the final 1003 |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Assets match the final 1003 |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | The housing ratio on the AUS is XXX%, DTI is different due to commission calculation |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | The DTI on the AUS is XXX%, DTI is different due to commission calculation |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | Borrower 2 Qualifying Income | XXX | .. |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | All Other Payments | $XXX | . |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | Total Qualified Assets Post-Close | XXX | . |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | . |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | . |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | . |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | . |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | Primary Appraised Property Value | $XXX | Per appraisal. |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | Total Qualified Assets Post-Close | XXX | Audit reflects total qualified assets after brining cash to close. |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Audit reflects total qualifying reserves after bringing cash to close. |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Audit reflects total qualified assets after brining cash to close. |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | All Other Payments | $XXX | Audit verified less monthly payment. |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | , |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Audit data reflects total qualified reserves after close. |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Audit data reflects total assets after close. |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | Total Qualified Assets Post-Close | XXX | Audit data reflects total assets after close. |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Audit verified less monthly debtg. |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | Borrower 1 Qualifying Income | XXX | True data verified per income documents. |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | True data verified per income documents and credit report. |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | True data verified per income documents and credit report. |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | All Other Payments | $XXX | Lender amount includes REO |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | Qualifying LTV | XXX | The LTV is XXX |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | Qualifying HLTV | XXX | The LTV is XXX |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | Qualifying CLTV | XXX | The LTV is XXX |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | Qualifying Total Reserves Number of Months | XXX |  |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX |  |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | Total Qualified Assets Post-Close | XXX |  |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | This is because one of the REO's is B2's primary residence but the subject is not NOO |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Lender amount is rounded, XXX is the DTI on the AUS |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | All Other Payments | $XXX | True data verified per credit report. |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | Sales Price | $XXX | True data verified per sales contract. |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | Qualifying HLTV | XXX | True data verified per appraisal and loan documents. |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | Qualifying LTV | XXX | True data verified per appraisal and loan documents. |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | Qualifying CLTV | XXX | True data verified per appraisal and loan documents. |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | True data verified per credit report and income documents. |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | True data verified per credit report and income documents. |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | Qualifying FICO | XXX | True data verified per credit report. |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | Cash to Close | $XXX | True data verified per final closing disclosure. |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data verified per bank statements. |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | True data verified per credit report and income documents. |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | True data verified per credit report and income documents. |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | Cash to Close | $XXX | The cash to close on the final CD is $XXX |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | Monthly Property Tax Amount | $XXX | XXX is the tax amount from the AUS, the tax statement has $XXX |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | Qualifying LTV | XXX | XXX is the LTV from the AUS and 1008 |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | Qualifying CLTV | XXX | XXX is the LTV from the AUS and 1008 |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | $XXX is the HOI amount from the HOI receipt pg XXX |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the final 1003 |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Assets match the final 1003 |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | Secondary Appraised Property Value | $XXX | This is the XXX value |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | Borrower 1 First Name | XXX | Per Note |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | Loan Purpose | XXX | Per 1003 |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | Borrower 1 Qualifying Income | XXX | Per Income |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | All Other Payments | $XXX | Per credit |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | Cash to Close | $XXX | Per final CD |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | Qualifying HLTV | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | Qualifying CLTV | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | Qualifying LTV | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Per Income |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Per income and REO |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | All Other Payments | $XXX | Tape reflects total credit liabiliteis. |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | Cash to Close | $XXX | Tape data reflects total assets after close. |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Per HOI declaration in file. |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per asset documentation in file. |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per asset documentation in file. |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Tape data reflects total reserves after close |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Roudning. |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | Cash to Close | $XXX | Per Final CD |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | Monthly Property Tax Amount | $XXX | Per Title |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | Qualifying LTV | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | Qualifying CLTV | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | Monthly HOA $| $XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Per Insurance |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Borrower 2 First Name | XXX | Per Note |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Borrower 2 Last Name | XXXXX | Per Note |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Borrower 1 Qualifying Income | XXX | Per Income |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | All Other Payments | $XXX | Per credit |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Cash to Close | $XXX | Per Final CD |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Qualifying LTV | XXX | Per Appraisal |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Qualifying CLTV | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Qualifying HLTV | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Per Insurance |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Per income and credit docs |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Per LP |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | All Other Payments | $XXX | True data verified per credit report. |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | Cash to Close | $XXX | True data verified per final closing disclosure. |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | Qualifying LTV | XXX | True data verified per AUS and 1008. |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | Qualifying CLTV | XXX | True data verified per AUS and 1008. |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | True data verified per hazard policy. |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | Borrower 1 Self-Employment Flag | XXX | True data verified per tax returns. |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | All Other Payments | $XXX | True data verified per credit report. |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | Qualifying LTV | XXX | True data verified per appraisal and loans docs. |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | Qualifying HLTV | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | Qualifying CLTV | XXX | True data verified per appraisal and loans docs. |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | Occupancy | XXX | Per AUS. |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | Qualifying LTV | XXX | Per approval |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | Qualifying CLTV | XXX | Approval. |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Total qualifying dollar mount of reserves prior to close. |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Total qualifying number of months reserves prior to close . |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | Total Qualified Assets Post-Close | XXX | Total qualified assets after close. |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | Borrower 1 Qualifying Income | XXX | True data verified per income documents and rental property docs. |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | All Other Payments | $XXX | True data verified per credit report. |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | True data verified per income documents and credit report. |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | True data verified per income documents and credit report. |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | All Other Payments | $XXX | Tape value reflects total monthly debt. |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Audit value reflects total qualifying assets before close. |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | Total Qualified Assets Post-Close | XXX | Audit reflects total qualified assets after close. |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Audit value reflects total months reserves before close. |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | .Audit verified less monthly bonus income. |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Audit verified less monthly bonus income. |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the final 1003 |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Assets match the final 1003 |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | DTI matches but LP rounds it |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | DTI matches but LP rounds it |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX | Borrower 1 Self-Employment Flag | XXX | Per final 1003. |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Audit value includes a supplemental property insurance.. |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per asset documentation in fiel. |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per documentation in file |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | Borrower 1 FTHB | XXX | Per 1003 |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | Borrower 1 Qualifying Income | XXX | Per Income |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | All Other Payments | $XXX | Per Credit report |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | Cash to Close | $XXX | Per final CD |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | Monthly Property Tax Amount | $XXX | Per title |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Per Insurance |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | Borrower 1 Last Name | XXXXX | . |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | Total Other REO Net Rental Income | $XXX | . |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | Borrower 1 Qualifying Income | XXX | . |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | All Other Payments | $XXX | . |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | Qualifying CLTV | XXX | . |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | Qualifying LTV | XXX | . |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | Total Qualified Assets Post-Close | XXX | . |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | . |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | . |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX | Qualifying CLTV | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX | Qualifying LTV | XXX | Per Appraisal |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX | All Other Payments | $XXX | Per Credit |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;164 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Per Income /REO |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | Borrower 2 Self-Employment Flag | XXX | True data verified per tax returns. |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | All Other Payments | $XXX | True data verified per credit report. |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | Monthly Property Tax Amount | $XXX | True data verified per title. |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | True data verified per credit report and income documents. |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | True data verified per credit report and income documents. |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX | Primary Appraised Property Value | $XXX | True data verified per appraisal. |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | Qualifying FICO | XXX | True data verified per credit report. |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | Cash to Close | $XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | True data verified per hazard policy and final cd. |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | True data verified per income documents and credit report, rounding. |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | True data verified per income documents and credit report, rounding. |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | All Other Payments | $XXX | True data verified per credit report. |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | Qualifying FICO | XXX | True data verified per credit report. |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | Cash to Close | $XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | True data verified per insurance policy. |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | True data verified per credit report, reo docs and income docs. |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | True data verified per credit report, reo docs and income docs. |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX | Borrower 1 Last Name | XXXXX | True data verified per Note. |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data verified per bank statements. |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | True data verified per credit report and income documents. |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | Qualifying FICO | XXX | Per credit report. |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | All Other Payments | $XXX | Per liabilities on credit report. |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | Cash to Close | $XXX | Per asset documentation in file. |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | per asset documentation in file. |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Per asset documentation in file. |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | All Other Payments | $XXX | Per Credit |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | All Other Payments | $XXX | Audit value reflects monthly consumer debt reflected on credit report. |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | Qualifying CLTV | XXX | Roudning. |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | Qualifying LTV | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per asset documentation in file. |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Per asset documentation in file. |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per asset documentation in file. |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Audit DTI matches AUS. |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Per asset documentation in file. |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | Total Other REO Net Rental Income | $XXX | Audit calculated $XXX for net rental income. |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | per asset documentation in file. |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | per asset documentation in file. |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per asset documentation in file. |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | All Other Payments | $XXX | Audit shows total consumer debt as per credit report. |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per asset verification in file. |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | Total Qualified Assets Post-Close | XXX | Total qualified assets after closing. |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Per asset verification in file. |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | Borrower 1 Self-Employment Flag | XXX | Borrower is wage earner and self employed |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | Qualifying HLTV | XXX | Rounded. |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | Qualifying CLTV | XXX | Rounded |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | Qualifying LTV | XXX | Rounded |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | AUS indicates XXX months, final cd for net proceeds was less than indicated on 1003 not verified |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data is funds available after close |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data is funds available after close |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | Amortization Term | XXX | Validated amortization with documents provided. |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | Term | XXX | Validated term with documents provided. |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | Borrower 1 Self-Employment Flag | XXX | Validated B1 self-employment with documents provided. |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | Borrower 2 Self-Employment Flag | XXX | Validated B2 is self-employed with documents provided. |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | Qualifying FICO | XXX | Validated qualifying FICO with credit report. |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | Borrower 2 Origination FICO | XXX | Validated B2 origination FICO with credit report. |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | Borrower 1 Origination FICO | XXX | Validated B1 origination FICO with credit report. |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Borrower 1 Qualifying Income | XXX | Validated income with documents provided. |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Qualifying LTV | XXX | Validated LTV with documents provided. |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Qualifying CLTV | XXX | Validated CLTV with documents provided. |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Qualifying HLTV | XXX | Validated HLTV with documents provided. |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Total Qualified Assets Post-Close | XXX | Validated total post close assets with documents provided. |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Validated total post close reserves with documents provided. |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Validated total reserves with documents provided. |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Validated housing ratio with documents provided. LPA rounded ratio. |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Validated total ratio with documents provided. LPA rounded ratio. |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | All Other Payments | $XXX | True data is liabilities only |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | Monthly Property Tax Amount | $XXX | Tax bill plus tax sheet added together, unable to find additional tax documents supporting lender amount |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | Qualifying LTV | XXX | Rounded. |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | Qualifying CLTV | XXX | Rounded |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True Data matches assets on 1003. |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | XXX not verified as cleared, borrower has sufficient reserves. |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match 1003. |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Difference in taxes. |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | REO expense difference. |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | Borrower 1 Self-Employment Flag | XXX | Validated B1 is self-employed with business tax returns provided. |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | Qualifying LTV | XXX | Validated LTV with documents provided. |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | Qualifying CLTV | XXX | Validated CLTV with documents provided. |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Validated qualified assets post close with documents provided. |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Validated reserves with documents provided. |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | Total Qualified Assets Post-Close | XXX | Validated total assets post close with documents provided. |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Validated total ratio with documents provided. |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Validated housing ratio with documents provided. |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX | Borrower 1 Self-Employment Flag | XXX | Validated B1 self-employment with documents provided. |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX | All Other Payments | $XXX | Validated all otherpayments with documents provided. Lender included negative rental in their figure. |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX | Total Qualified Assets Post-Close | XXX | Validated post close assets with documents provided. |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Validated total reserves with documents provided. |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Validated post close reserve assets with documents provided. |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | Borrower 1 Self-Employment Flag | XXX | Borrower is self employed |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | All Other Payments | $XXX | True data is liabilities only |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | Cash to Close | $XXX | Asset documents in file do not match lenders. |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Asset documents in file do not match lenders. |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Asset documents in file do not match lenders. |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | Total Qualified Assets Post-Close | XXX | Asset documents in file do not match lenders. |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | Amortization Term | XXX | Note confirms XXX year term. |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | Term | XXX | Note confirms XXX year |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | Borrower 2 Origination FICO | XXX | B2 mid score |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | Borrower 1 Origination FICO | XXX | B1 Mid score |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | Qualifying FICO | XXX | XXX is mid score. |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX | Borrower 1 Self-Employment Flag | XXX | Validated B1 self-employment with tax returns provided. |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX | All Other Payments | $XXX | Validated all other payments with credit report. Lender included REO in this figure. |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Validated total number of months of reserves with documents provided. |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Validated total post close assets with documents provided. |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX | Total Qualified Assets Post-Close | XXX | Validated total post close assets with documents provided. |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX | Term | XXX | Note confirms XXX year |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX | Amortization Term | XXX | Note confirms XXX year |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX | Qualifying FICO | XXX | Mid score |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX | Borrower 1 Origination FICO | XXX | Mid score |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX | Borrower 1 FTHB | XXX | B1 is not a first time home buyer, there is an existing REO |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | LP rounds DTI |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | LP rounds DTI |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX | All Other Payments | $XXX | Validated all other payments with documents provided. Lender included REO debt in their figure. |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX | Qualifying CLTV | XXX | Validated CLTV with documents provided. |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX | Qualifying LTV | XXX | Validated LTV with documents provided. |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;191 | XXXXXX | Total Qualified Assets Post-Close | XXX | Validated post close assets with documents provided. |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Validated total number of months reserves with documents provided. |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Validated total number of months reserves post close with documents provided. |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Validated total expense with documents provided. |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Validated housing ratio with documents provided. |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX | Borrower 2 Origination FICO | XXX | B2's middle score form the credit report is XXX |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX | Monthly Property Tax Amount | $XXX | Taxes match the tax cert |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX | Qualifying CLTV | XXX | XXX and the 1008 haver the appraised value as $XXX, but the appraisal has $XXX |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX | Qualifying LTV | XXX | XXX and the 1008 haver the appraised value as $XXX, but the appraisal has $XXX |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX | Qualifying HLTV | XXX | XXX and the 1008 haver the appraised value as $XXX, but the appraisal has $XXX |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | Borrower 1 Qualifying Income | XXX | Validated qualifying income with documents provided. |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | All Other Payments | $XXX | Validated all other payments with documents provided. Lender included XXX for REO. |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | Sales Price | $XXX | Validated sales price with contract addendum provided. |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | Cash to Close | $XXX | Validated cash to close with final CD. |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | Monthly Property Tax Amount | $XXX | Validated tax amount with final CD. |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Validated total monthly insurance with HOI provided and final CD. |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Validated assets post close with documents provided. |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | Total Qualified Assets Post-Close | XXX | Validated assets post close with documents provided. |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Validated total reserves with documents provided. |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Validated housing ratio with documents provided. Reviewer included positive rental income for REO based off of 1007 provided for departing property. |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX | Occupancy | XXX | Validated occupancy with documents provided. |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX | Qualifying LTV | XXX | Validated LTV with documents provided. |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX | Qualifying CLTV | XXX | Validated CLTV with documents provided. |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX | Qualifying HLTV | XXX | Validated HLTV with documents provided. |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Validated total assets post close with documents provided. |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX | Total Qualified Assets Post-Close | XXX | Validted total assets post close with documents provided. |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Validated total reserves with documents finding. |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;195 | XXXXXX | Borrower 2 Origination FICO | XXX | B2's middle score on the credit report is XXX |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX | All Other Payments | $XXX | Validated all other payments with documents provided. Lender included REO in their figure. |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX | Cash to Close | $XXX | Validated cash to close with final CD. |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX | Total Qualified Assets Post-Close | XXX | Validated total assets post close with documents provided. |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Validated total assets post close with documents provided. |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Validated total reserves with documents provided. |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX | Qualifying CLTV | XXX | The AUS rounded the LTV |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX | Qualifying LTV | XXX | The AUS rounded the LTV |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX | All Other Payments | $XXX | Lender amount includes REO |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | DTI is off because the REO payment amount is slightly different |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX | All Other Payments | $XXX | Validated all other payments with documents provided. Lender included REO in this figure. |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Validated total post close reserves with documents provided. |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX | Total Qualified Assets Post-Close | XXX | Validated total post close assets with documents provided. |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Validated total reserves with documents provided. AUS is not requiring any reserves. |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Validated housing ratio with documents provide. B2 was not included in calculation. |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Validated total ratio with documents provide. B2 was not included in calculation. |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX | All Other Payments | $XXX | True data is liabilities only |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX | Cash to Close | $XXX | Tre data matches final CD provided. |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX | Monthly Property Tax Amount | $XXX | Tax sheet or bill was not provided. |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | True data matches 1008 and policy in file. |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Final CD used for closing, XXX and XXX moths reserves of retained property. |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data is after closing |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data is after closing |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;201 | XXXXXX | Cash to Close | $XXX | True data is based on Final CD in file. |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | True data matches policy and 1008 |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX | Total Qualified Assets Post-Close | XXX | Tape data is total assets available, True data is funds available after closing. |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data includes the same balances as Lender and totals verified assets, Cash to close matches 1008, not sure where the issue is, borrower needs XXX months reserves per overlay. |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Total qualified assets should be $XXX, I checked the asset screen and do not see data entry issues. |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX | Monthly Property Tax Amount | $XXX | Taxes for True Data verified with title commitment. |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Assets very, balances updated with audit |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data slightly different, not an issue. |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets very, updated with audit. |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Income and taxes slightly different with Audit amounts for income and taxes. |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Income and taxes slightly different with Audit amounts for income and taxes. |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Borrower 2 Last Name | XXXXX | Validated B2 last name with documents provided. |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Application Date | XX/XX/XXXX | Compliance to validate application date. Application date should be reflected as XX/XX/XXXX |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | All Other Payments | $XXX | Validated other payments with documents provided. Lender included negative REO in their calculation. |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Cash to Close | $XXX | Validated cash to close with final CD. |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Monthly Property Tax Amount | $XXX | Validated tax amount based on final CD and title company new construction calculation on pg XXX. |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Qualifying CLTV | XXX | Validated CLTV using the subject purchase price from contract provided. |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Qualifying LTV | XXX | Validated LTV using the subject purchase price from contract provided. |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Qualifying HLTV | XXX | Validated HLTV using the subject purchase price from contract provided. |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Monthly HOA $| $XXX | Validated monthly HOA with appraisal provided. |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Validated monthly HOI with declarations page provided. |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Total Qualified Assets Post-Close | XXX | Validated total assets post closing with documents provided. |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Validated total reserves with documents provided. |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Validated total assets for reserves post closing with documents provided. |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX | All Other Payments | $XXX | Validated all other payments with documetns provided. Lender included REO amount in their figure. |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX | Cash to Close | $XXX | Validated cash to close with final CD. |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX | Monthly Property Tax Amount | $XXX | Validated monthly tax amount with documents provided. |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Validated monthly HOI with declarations prage provided. |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX | Total Qualified Assets Post-Close | XXX | Validated total assets post close. |
| &nbsp;&nbsp;&nbsp;205 | XXXXXX | All Other Payments | $XXX | Lender amount includes REO |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;205 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;205 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;205 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;205 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | This is a rounding issue |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX | Application Date | XX/XX/XXXX | Application date to be corrected to reflect XX/XX/XXXX |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX | Borrower 1 Qualifying Income | XXX | Validated B1 total qualifying income with tax returns provided for all business'. |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX | Borrower 2 Qualifying Income | XXX | Validated B2 total qualifying income with tax returns provided for all business'. |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX | Borrower 2 Origination FICO | XXX | Validated B2 FICO with credit report. |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX | Qualifying HLTV | XXX | Validated HLTV with documents provided. |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX | Qualifying CLTV | XXX | Validated CLTV with documents provided. |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX | Qualifying LTV | XXX | Validated LTV with documents provided. |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX | Total Qualified Assets Post-Close | XXX | Validated total post close assets with documents provided. |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX | Cash to Close | $XXX | The cash to close on the final CD is $XXX |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | Application Date | XX/XX/XXXX | The initial LO signature date is XX/XX/XXXX |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | All Other Payments | $XXX | Lender amount includes REO |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | Borrower 2 Origination FICO | XXX | B's middle score on the credit report is XXX |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | Cash to Close | $XXX | The cash to close matches the final CD |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | Qualifying HLTV | XXX | This is a rounding error |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | Qualifying LTV | XXX | Lender amount is rounded |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | DTI is different because of the REO |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX | Borrower 1 Qualifying Income | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX | Cash to Close | $XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX | Total Closing Costs | $XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX | Monthly Property Tax Amount | $XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX | Total Qualified Assets Post-Close | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | All Other Payments | $XXX | Validated all other payments with credit report provided. Lender included REO expense in their calculation. |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | Cash to Close | $XXX | Validated cash to close with final CD. |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | Primary Appraised Property Value | $XXX | Validated using the lower appraised value of the two appraisals provided and the sales price. |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | Qualifying LTV | XXX | Validated LTV with documents provided. |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | Qualifying HLTV | XXX | Validated HLTV with documents provided. |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | Secondary Appraised Property Value | $XXX |  |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | Qualifying CLTV | XXX | Validated CLTV with documents provided. |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | Appraisal 2 Appraisal Company | XXX | Validated name of 2nd appraisal company with document provided. |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Validated monthly insurance premium with HOI declarations provided. |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | Total Qualified Assets Post-Close | XXX | Validated total assets post close with documents provided. Did not include XXX life insurance policies that were expired at origination. |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Validated total ratio with documents provided. |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Validated housing ratio with documents provided. |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX | Cash to Close | $XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX | Monthly Property Tax Amount | $XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX | Total Qualified Assets Post-Close | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX | All Other Payments | $XXX | Lender amount includes REO |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX | Borrower 1 Origination FICO | XXX | The borrower's middle FICO from the credit report is XXX |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX | Qualifying LTV | XXX | XXX rounds the LTV |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX | Qualifying CLTV | XXX | XXX rounds the LTV |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Assets match the documentation |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Assets match the documentation |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the documentation |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX | Borrower 1 Qualifying Income | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX | Borrower 2 Qualifying Income | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX | Qualifying FICO | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX | Monthly Property Tax Amount | $XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX | Qualifying LTV | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX | Qualifying CLTV | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX | All Other Payments | $XXX | Lender amount includes REO |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Assets match the documentation |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the documentation |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Assets match the documentation |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX | All Other Payments | $XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX | Total Qualified Assets Post-Close | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Discrepancy is due to data entry, True data is correct. |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;215 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;216 | XXXXXX | Qualifying FICO | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX | All Other Payments | $XXX | Discrepancy is due data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Discrepancy is due data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Discrepancy is due data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX | Total Qualified Assets Post-Close | XXX | Discrepancy is due data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Discrepancy is due data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Discrepancy is due data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | Application Date | XX/XX/XXXX | Compliance will address the application date |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | All Other Payments | $XXX | $XXX liabilities not including the PITIA for retained XXX. $XXX including the XXX PITIA. |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | Cash to Close | $XXX | The cash to close is $XXX per the PCCD |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | Monthly Property Tax Amount | $XXX | The monthly tax amount is $XXX per the tax calculation sheet on page XXX and the final CD/AIUS. |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | Qualifying LTV | XXX | The LTV is XXX%. The AUS LTV is rounded up. |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | Qualifying CLTV | XXX | The CLTV is XXX%. The AUS CLTV is rounded up. |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | $XXX monthly per the Hazard insurance Dec page. |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | Total Qualified Assets Post-Close | XXX | Audit Total qualified assets are post closing funds. The lender assets are prior to closing. |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX | Property County | XXX | The county is XXX, one appraisal has XXX instead but tax docs and the survey show XXX |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX | Borrower 1 Self-Employment Flag | XXX | The borrower is self employed |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX | Borrower 1 Qualifying Income | XXX | This is a rounding issue |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX | All Other Payments | $XXX | Lender amount includes REO |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX | Appraisal 2 Appraisal Company | XXX | Lender has the report number |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Assets match the documentation |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the documentation |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Assets match the documentation |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | Total Closing Costs | $XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | Qualifying LTV | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | Qualifying HLTV | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | Qualifying CLTV | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | Total Qualified Assets Post-Close | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Discrepancy is due to data entry, True data is correct. |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX | Borrower 1 FTHB | XXX | The borrower is not a XXX, there is an REO |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX | All Other Payments | $XXX | Lender amount includes REO |

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------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;221 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | Borrower 1 Qualifying Income | XXX | Confirmed income to supporting income documentation in the file; lender entered the Tape Data figure on the 1003/1008, however, the AUS has XXX entered as the income. |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | Qualifying FICO | XXX | FICO confirmed via credit report |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | Cash to Close | $XXX | Cash to Close confirmed via Final CD |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | Qualifying CLTV | XXX | Audit XXX v. lender XXX. It appears the AUS rounded where Audit reflects the exact figure. Audit confirmed loan amount and value to validate the final LTV. <br>Because of the discrepancy, Audit will adjust the LTV/CLTV/HCLTV to match the AUS (XXX v. XXX) so that a condition doesn't fire. |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | Qualifying LTV | XXX | Audit XXX v. lender XXX. It appears the AUS rounded where Audit reflects the exact figure. Audit confirmed loan amount and value to validate the final LTV. <br>Because of the discrepancy, Audit will adjust the LTV/CLTV/HCLTV to match the AUS (XXX v. XXX) so that a condition doesn't fire. |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets confirmed to asset statements in image file |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Confirmed qualifying assets for reserves based on supporting asset statements in the file |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Confirmed qualifying assets for reserves based on supporting asset statements in the file |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Audit used the tradelines from the credit report totaling XXX, however, the lender has a figure of XXX which is a discrepancy of XXX (considered the XXX lender used when rounding down the XXX home mortgage payment). Audit cannot find anything in the file relative to this figure. Therefore the total DTI with lender is XXX whereas Audit final DTI is XXX with an overall discrepancy of (XXX) on the back-end. |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX | Borrower 2 Qualifying Income | XXX | This is a rounding issue |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX | Borrower 1 Qualifying Income | XXX | Audited income is slightly lower |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX | Borrower 2 Origination FICO | XXX | The borrower's middle fico from the credit report is XXX |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX | Cash to Close | $XXX | The cash to close matches the final CD |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX | Borrower 1 Qualifying Income | XXX | per income |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX | Total Closing Costs | $XXX | compliance |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX | Cash to Close | $XXX | Per final CD |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX | Application Date | XX/XX/XXXX | True data is liabilities only |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX | All Other Payments | $XXX | Tape is capitalized. |

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------

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;225 | XXXXXX | Cash to Close | $XXX | True data matches final cd in file |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX | Monthly Property Tax Amount | $XXX | XXX difference, rounding. |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | True data matches policy, findings and 1008. |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX | Total Qualified Assets Post-Close | XXX | True data matches final CD. |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True Data is funds available after close. |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | XXX findings indicate XXX months reserves with $XXX to close, XXX day account and XXX credit on CD but not in available balances by lender. |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | All Other Payments | $XXX | True data is liabilities only, |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | Qualifying CLTV | XXX | 1008 and XXX Findings does not appraised value in file. |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | Qualifying HLTV | XXX | 1008 and XXX Findings does not appraised value in file. |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | Qualifying LTV | XXX | 1008 and XXX Findings does not appraised value in file. |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Rounded. |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | True data after closing, XXX findings indicate XXX months. |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | True data is after closing, based on final cd. |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | Total Qualified Assets Post-Close | XXX | Tape is all funds verified prior to close, True Data is reserves. |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | Qualifying Total Debt Income Ratio | XXX |  |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX | Borrower 2 Origination FICO | XXX | Per credit report. |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX | All Other Payments | $XXX | Consumer debt is $XXX per credit report. |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX | Cash to Close | $XXX | per final CD |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX | Qualifying HLTV | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX | Qualifying CLTV | XXX | Rounding |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX | Qualifying LTV | XXX | Rounding. |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per assets documentation in file. |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX | Application Date | XX/XX/XXXX | Per file documentation. |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX | Cash to Close | $XXX | per final CD> |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX | Total Closing Costs | $XXX | Per final CD |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Per HOI documentation in file. |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX | Total Qualified Assets Post-Close | XXX | Audit value shows post closing asset documentation in file. |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX | All Other Payments | $XXX | Lender amount includes REO |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX | Cash to Close | $XXX | The cash to close on the CD is $XXX |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | Audit amount includes supplemental insurance |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX | Total Qualified Assets Post-Close | XXX | Assets match the documentation provided |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | All Other Payments | $XXX | XXX liabilities matches the AUS. The lender included the $(XXX) Negative rental income in the Income on the AUS. |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | Cash to Close | $XXX | XXX is based on the PCCD. |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | Qualifying CLTV | XXX | The AUS is rounded up. XXX is audit calculation. |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | Qualifying LTV | XXX | The AUS is rounded up. XXX is audit calculation. |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | Qualifying HLTV | XXX | The AUS is rounded up. XXX is audit calculation. |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | Total Monthly Property Insurance Amount | $XXX | $XXX matches the declarations page and PCCD. |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | $XXX is based on the PCCD. |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | The AUS has rounded up. XXX is the audit calculation. |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | Total Qualified Assets Post-Close | XXX | $XXX is based on the PCCD. |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | Borrower 1 Qualifying Income | XXX | Per income |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | All Other Payments | $XXX | Per credit |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | Interested Party Contributions | XXX | Compliance |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | Cash to Close | $XXX | Per final CD |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | Total Closing Costs | $XXX | compliance |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | Total Qualified Assets for Reserves Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | Total Qualified Assets Post-Close | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | Qualifying Total Reserves Number of Months | XXX | Per Assets |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | Qualifying Total Debt Income Ratio | XXX | Per income docs |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | Qualifying Housing Debt Income Ratio | XXX | Per income and credit docs |

---

## Exhibit 99.9

**EXHIBIT 99.9** 

**CONSOLIDATED ANALYTICS GRADING SUMMARY REPORT** 

------

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>ID** | **Original<br>Loan<br>Amount** |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX |  |  | $XXXXXX D C A |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX |  |  | $XXXXXX C D A |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX |  |  | $XXXXXX C D A B |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX |  |  | $XXXXXX C A B |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX |  |  | $XXXXXX C D A |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX |  |  | $XXXXXX C A B |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX |  |  | $XXXXXX C A B |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX |  |  | $XXXXXX D A C |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX |  |  | $XXXXXX C A |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>ID** | **Original<br>Loan<br>Amount** |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX |  |  | $XXXXXX D B A |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;177 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX |  |  | $XXXXXX D C A |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX |  |  | $XXXXXX D C A B |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX |  |  | $XXXXXX C A D |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX |  |  | $XXXXXX D A C |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX |  |  | $XXXXXX D B C A |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  |  | $XXXXXX D A C |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>ID** | **Original<br>Loan<br>Amount** |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX |  |  | $XXXXXX D C A |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX |  |  | $XXXXXX C A B |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX |  |  | $XXXXXX D A C |
| &nbsp;&nbsp;&nbsp;205 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX |  |  | $XXXXXX D B C A |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;216 | XXXXXX |  |  | $XXXXXX D A C |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX |  |  | $XXXXXX C A B |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX |  |  | $XXXXXX D B C A |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX |  |  | $XXXXXX D A |

---

## Exhibit 99.10

**EXHIBIT 99.10** 

**CONSOLIDATED ANALYTICS ATR QM REPORT** 

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan Number** | **Pool ID** | **Alternate Loan<br>Number** | **Loan Level ATR/QM Status** | **Application<br>Date prior<br>to 1/10/2014** | **Lender Application Date** | **ATR/QM<br>Total Points<br>and Fees** | **APR** | **Borrower 1<br>Employment<br>Indicator** | **Borrower 2<br>Employment<br>Indicator** | **Borrower 1<br>Foreign<br>National<br>Indicator** | **Borrower 2<br>Foreign<br>National<br>Indicator** | **Residual<br>Income<br>Analysis<br>in File** | **Residual<br>Income** | **Loan Status** |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |

---

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan Number** | **Pool ID** | **Alternate Loan<br>Number** | **Loan Level ATR/QM Status** | **Application<br>Date prior<br>to 1/10/2014** | **Lender Application Date** | **ATR/QM<br>Total Points<br>and Fees** | **APR** | **Borrower 1<br>Employment<br>Indicator** | **Borrower 2<br>Employment<br>Indicator** | **Borrower 1<br>Foreign<br>National<br>Indicator** | **Borrower 2<br>Foreign<br>National<br>Indicator** | **Residual<br>Income<br>Analysis<br>in File** | **Residual<br>Income** | **Loan Status** |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX |  |  | QM: Higher Priced APOR (APOR HP) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;177 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |

---

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan Number** | **Pool ID** | **Alternate Loan<br>Number** | **Loan Level ATR/QM Status** | **Application<br>Date prior<br>to 1/10/2014** | **Lender Application Date** | **ATR/QM<br>Total Points<br>and Fees** | **APR** | **Borrower 1<br>Employment<br>Indicator** | **Borrower 2<br>Employment<br>Indicator** | **Borrower 1<br>Foreign<br>National<br>Indicator** | **Borrower 2<br>Foreign<br>National<br>Indicator** | **Residual<br>Income<br>Analysis<br>in File** | **Residual<br>Income** | **Loan Status** |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;205 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;216 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX |  | XXX |  | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX |  |  | QM: Safe Harbor APOR (APOR SH) | No | XX/XX/XXXX | $XXX | XXX | XXX | XXX | XXX | XXX | No | $XXX | Cleared |

---

## Exhibit 99.11

**EXHIBIT 99.11** 

**CONSOLIDATED ANALYTICS VALUATIONS SUMMARY REPORT** 

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>ID** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Total<br>Adjusted<br>Prior<br>Purchase<br>Price** | **Primary<br>Appraised<br>Value** | **Primary<br>Appraisal Date** | **Primary<br>Appraisal Type** | **Value<br>for<br>LTV** | **LTV** | **CLTV** | **Loan<br>Reviewed<br>Property<br>Value** | **Loan<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Reviewed<br>Variance<br>Percent** | **Loan<br>Reviewed<br>Product<br>Type** | **Loan<br>Post-<br>Close<br>Reviewed<br>Property<br>Value** | **Loan<br>Post-<br>Close<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Post-<br>Close<br>Reviewed<br>Variance<br>Percent** | **Loan<br>Post-<br>Close<br>Reviewed<br>Product<br>Type** | **Second<br>Appraisal<br>Value** | **Second<br>Appraisal<br>Variance<br>Amount** | **Second<br>Appraisal<br>Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **AVM<br>Appraised<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Confidence<br>Score** | **FSD<br>Score** | **AVM<br>Company<br>Name** | **AVM<br>Product<br>Name** | **AVM<br>Appraisal<br>Date** | **Desk<br>Review<br>Appraised<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Appraisal<br>Date** | **Second<br>Desk<br>Review<br>Variance<br>Amount** | **Second<br>Desk<br>Review<br>Variance<br>Percent** | **Second<br>Desk<br>Review<br>Appraisal<br>Date** | **Second<br>Desk<br>Review<br>Appraised<br>Value** | **Desk Top<br>Appraised<br>Value** | **Desk<br>Top<br>Variance<br>Amount** | **Desk<br>Top<br>Variance<br>Percent** | **Desk Top<br>Company** | **Desk Top<br>Appraisal<br>Date** | **BPO<br>Appraised<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Appraisal<br>Date** | **Field<br>Review<br>Appraised<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field<br>Review<br>Appraisal<br>Date** | **2055<br>Appraised<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Appraisal<br>Date** | **AVE/<br>CMA<br>Appraised<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Appraisal<br>Date** | **Other<br>Appraised<br>Value** | **Other<br>Variance<br>Amount** | **Other<br>Variance<br>Percent** | **Other<br>Appraisal<br>Date** | **Updated<br>Appraised<br>Value** | **Updated<br>Variance<br>Amount** | **Updated<br>Variance<br>Percent** | **Updated<br>Company** | **Updated<br>Appraisal<br>Date** | **Updated<br>Appraisal<br>Type** | **Loan<br>Collateral<br>Advisor<br>Risk<br>Score** | **Loan<br>Collateral<br>Advisor<br>Risk<br>Score<br>Date** | **Is Eligible for<br>Rep and<br>Warrant Relief<br>per<br>Loan Collateral<br>Advisor?** | **Collateral<br>Underwriter<br>Risk Score** | **Collateral<br>Underwriter<br>Risk<br>Score<br>Date** |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1073 Individual Condo Report | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -3.44% | 97.0 | 0.03 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Unavailable | 3.7 |  |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -2.55% | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.5 |  |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 40.48 | 40.48 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 67.69 | 67.69 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 5 |  |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 64.83 | 64.83 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.7 |  |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 54.57 | 54.57 |  |  |  |  |  |  |  |  | $XXX | $XXX | .0166 | XX/XX/XXXX | 1004 URAR |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.6 |  |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 74.67 | 74.67 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 46.64 | 46.64 |  |  |  |  |  |  |  |  | $XXX | $XXX | .0105 | XX/XX/XXXX | 1004 URAR |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible |  |  |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 78.39 | 78.39 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -1.82% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -10.00% | 93.0 | 0.07 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% |  |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.9 |  |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -22.50% | 94.0 | 0.06 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | -0.33% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.5 |  |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 59.87 | 59.87 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -14.80% | 90.0 | 0.1 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.8 |  |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 49.17 | 49.17 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX |  | 1004 URAR | $XXX | 75.0 | 75.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.8 |  |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -5.57% | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 68.69 | 68.69 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -2.59% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -10.49% | 93.0 | 0.07 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 3.29% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.3 |  |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -7.29% | 96.0 | 0.04 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.1 |  |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 79.98 | 79.98 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.0 | 75.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -13.12% | 93.0 | 0.07 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | -3.16% |  |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3 |  |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 69.57 | 69.57 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 44.32 | 44.32 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 58.82 | 58.82 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -0.65% | 86.0 | 0.14 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.1 |  |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 61.4 | 61.4 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 6.21% | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.1 |  |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 72.68 | 72.68 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 4.20% | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 3.3 |  |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.9 |  |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 70.37 | 70.37 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.1 |  |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1073 Individual Condo Report | $XXX | 55.56 | 55.56 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.2 |  |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 62.5 | 62.5 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -2.01% | 96.0 | 0.04 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 51.13 | 51.13 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -2.64% | 91.0 | 0.09 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.4 |  |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1073 Individual Condo Report | $XXX | 58.76 | 58.76 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -7.83% | 87.0 | 0.13 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 70.0 | 70.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 4.12% | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.1 |  |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 78.95 | 78.95 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -8.57% | 92.0 | 0.08 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 2.63% | 96.0 | 0.04 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1 |  |

---

------

---

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>ID** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Total<br>Adjusted<br>Prior<br>Purchase<br>Price** | **Primary<br>Appraised<br>Value** | **Primary<br>Appraisal<br>Date** | **Primary<br>Appraisal Type** | **Value<br>for<br>LTV** | **LTV** | **CLTV** | **Loan<br>Reviewed<br>Property<br>Value** | **Loan<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Reviewed<br>Variance<br>Percent** | **Loan<br>Reviewed<br>Product<br>Type** | **Loan<br>Post-<br>Close<br>Reviewed<br>Property<br>Value** | **Loan<br>Post-<br>Close<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Post-<br>Close<br>Reviewed<br>Variance<br>Percent** | **Loan<br>Post-<br>Close<br>Reviewed<br>Product<br>Type** | **Second<br>Appraisal<br>Value** | **Second<br>Appraisal<br>Variance<br>Amount** | **Second<br>Appraisal<br>Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **AVM<br>Appraised<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Confidence<br>Score** | **FSD<br>Score** | **AVM<br>Company<br>Name** | **AVM<br>Product<br>Name** | **AVM<br>Appraisal<br>Date** | **Desk<br>Review<br>Appraised<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Appraisal<br>Date** | **Second<br>Desk<br>Review<br>Variance<br>Amount** | **Second<br>Desk<br>Review<br>Variance<br>Percent** | **Second<br>Desk<br>Review<br>Appraisal<br>Date** | **Second<br>Desk<br>Review<br>Appraised<br>Value** | **Desk Top<br>Appraised<br>Value** | **Desk<br>Top<br>Variance<br>Amount** | **Desk<br>Top<br>Variance<br>Percent** | **Desk Top<br>Company** | **Desk Top<br>Appraisal<br>Date** | **BPO<br>Appraised<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Appraisal<br>Date** | **Field<br>Review<br>Appraised<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field<br>Review<br>Appraisal<br>Date** | **2055<br>Appraised<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Appraisal<br>Date** | **AVE/<br>CMA<br>Appraised<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Appraisal<br>Date** | **Other<br>Appraised<br>Value** | **Other<br>Variance<br>Amount** | **Other<br>Variance<br>Percent** | **Other<br>Appraisal<br>Date** | **Updated<br>Appraised<br>Value** | **Updated<br>Variance<br>Amount** | **Updated<br>Variance<br>Percent** | **Updated<br>Company** | **Updated<br>Appraisal<br>Date** | **Updated<br>Appraisal<br>Type** | **Loan<br>Collateral<br>Advisor<br>Risk<br>Score** | **Loan<br>Collateral<br>Advisor<br>Risk<br>Score<br>Date** | **Is Eligible for<br>Rep and<br>Warrant Relief<br>per<br>Loan Collateral<br>Advisor?** | **Collateral<br>Underwriter<br>Risk Score** | **Collateral<br>Underwriter<br>Risk<br>Score<br>Date** |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.5 |  |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1025 Small Residential Income Report | $XXX | 74.84 | 74.84 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -0.81% | 90 | 0.1 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 48.78 | 48.78 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -23.77% | 86 | 0.14 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible |  |  |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.5 |  |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.8 |  |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.1 |  |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -4.67% | 96 | 0.04 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.8 |  |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -39.01% | 88 | 0.12 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 4.8 |  |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -2.04% | 96 | 0.04 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2 |  |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 32.52% | 94 | 0.06 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.8 |  |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 68.86 | 68.86 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -2.70% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.7 |  |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75 | 75 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.5 |  |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 70 | 70 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -1.98% | 97 | 0.03 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible |  |  |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 43.49 | 43.49 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.96 | 75.96 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible |  |  |
| &nbsp;&nbsp;&nbsp;177 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 3.28% | 94 | 0.06 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 63.44 | 63.44 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -12.62% | 89 | 0.11 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 73.94 | 73.94 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.7 |  |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.3 |  |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75 | 75 |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | XX/XX/XXXX | 1004 URAR |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 |  | XX/XX/XXXX | XXX |  |  | Not Eligible | 1.2 |  |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.2 |  |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 70.17 | 70.17 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 2.82% | 95 | 0.05 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 44.97 | 44.97 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.9 |  |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1073 Individual Condo Report | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -5.81% | 96 | 0.04 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | -8.23% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.2 |  |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 49.75 | 49.75 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.3 |  |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.1 |  |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 36.36 | 36.36 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 1.04% | 95 | 0.05 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 51.3 | 51.3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 79.29 | 79.29 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -34.24% | 93 | 0.07 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | -6.67% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 4.2 |  |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -2.36% | 97 | 0.03 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 78.48 | 78.48 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3 |  |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80 | 80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |

---

------

---

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>ID** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Total<br>Adjusted<br>Prior<br>Purchase<br>Price** | **Primary<br>Appraised<br>Value** | **Primary<br>Appraisal<br>Date** | **Primary<br>Appraisal Type** | **Value<br>for<br>LTV** | **LTV** | **CLTV** | **Loan<br>Reviewed<br>Property<br>Value** | **Loan<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Reviewed<br>Variance<br>Percent** | **Loan<br>Reviewed<br>Product<br>Type** | **Loan<br>Post-<br>Close<br>Reviewed<br>Property<br>Value** | **Loan<br>Post-<br>Close<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Post-<br>Close<br>Reviewed<br>Variance<br>Percent** | **Loan<br>Post-<br>Close<br>Reviewed<br>Product<br>Type** | **Second<br>Appraisal<br>Value** | **Second<br>Appraisal<br>Variance<br>Amount** | **Second<br>Appraisal<br>Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **AVM<br>Appraised<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Confidence<br>Score** | **FSD<br>Score** | **AVM<br>Company<br>Name** | **AVM<br>Product<br>Name** | **AVM<br>Appraisal<br>Date** | **Desk<br>Review<br>Appraised<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Appraisal<br>Date** | **Second<br>Desk<br>Review<br>Variance<br>Amount** | **Second<br>Desk<br>Review<br>Variance<br>Percent** | **Second<br>Desk<br>Review<br>Appraisal<br>Date** | **Second<br>Desk<br>Review<br>Appraised<br>Value** | **Desk Top<br>Appraised<br>Value** | **Desk<br>Top<br>Variance<br>Amount** | **Desk<br>Top<br>Variance<br>Percent** | **Desk Top<br>Company** | **Desk Top<br>Appraisal<br>Date** | **BPO<br>Appraised<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Appraisal<br>Date** | **Field<br>Review<br>Appraised<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field<br>Review<br>Appraisal<br>Date** | **2055<br>Appraised<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Appraisal<br>Date** | **AVE/<br>CMA<br>Appraised<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Appraisal<br>Date** | **Other<br>Appraised<br>Value** | **Other<br>Variance<br>Amount** | **Other<br>Variance<br>Percent** | **Other<br>Appraisal<br>Date** | **Updated<br>Appraised<br>Value** | **Updated<br>Variance<br>Amount** | **Updated<br>Variance<br>Percent** | **Updated<br>Company** | **Updated<br>Appraisal<br>Date** | **Updated<br>Appraisal<br>Type** | **Loan<br>Collateral<br>Advisor<br>Risk<br>Score** | **Loan<br>Collateral<br>Advisor<br>Risk<br>Score<br>Date** | **Is Eligible for<br>Rep and<br>Warrant Relief<br>per<br>Loan Collateral<br>Advisor?** | **Collateral<br>Underwriter<br>Risk Score** | **Collateral<br>Underwriter<br>Risk<br>Score<br>Date** |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible |  |  |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.0 | 75.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -5.88% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 4.3 |  |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.0 | 75.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 79.96 | 79.96 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.5 |  |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 70.0 | 70.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.7 |  |
| &nbsp;&nbsp;&nbsp;205 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.52% | 94.0 | 0.06 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible |  |  |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 60.61 | 60.61 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -2.88% | 94.0 | 0.06 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 53.08 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 2.81% | 96.0 | 0.04 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 3.8 |  |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 73.68 | 73.68 |  |  |  |  |  |  |  |  | $XXX | $XXX | .0516 | XX/XX/XXXX | 1004 URAR |  |  |  |  |  |  |  |  | $XXX | $XXX | -5.26% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 68.59 | 68.59 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.81% | 96.0 | 0.04 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX |  |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 68.64 | 68.64 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible |  |  |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;216 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 8.73% | 94.0 | 0.06 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 68.73 | 68.73 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.0 | 75.0 |  |  |  |  |  |  |  |  | $XXX | $XXX | .0037 | XX/XX/XXXX | 1004 URAR |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.37% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 4.8 |  |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 68.42 | 68.42 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 62.5 | 62.5 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 2.03% | 96.0 | 0.04 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.7 |  |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.6 |  |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.7 |  |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -4.68% | 96.0 | 0.04 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 74.48 | 74.48 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 60.69 | 60.69 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 1.42% | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 60.0 | 60.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -11.86% | 74.0 | 0.26 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 4.2 |  |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.0 | 75.0 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -5.32% | 97.0 | 0.03 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 46.95 | 46.95 |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | 3.89% | 94.0 | 0.06 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | 0.00% | XXX |  | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX |  |  | XX/XX/XXXX | $XXXXXX | $XXX |  | $XXX | XX/XX/XXXX | 1073 Individual Condo Report | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.3 |  |

---