# EDGAR Filing Document

**Accession Number:** 0001599342
**File Stem:** 0001193125-25-212977
**Filing Date:** 2025-9
**Character Count:** 900362
**Document Hash:** 69fec842ee538d91295e456e4d669c17
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-212977.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0001193125-25-212977

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

**PUBLIC DOCUMENT COUNT**: 20

**CONFORMED PERIOD OF REPORT**: 20250923

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

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**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:** 251332972

**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:<u> </u>** 

**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-J3
**(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](d36959dex991.htm) |
| 99.2 | [Clayton Conditions Report](d36959dex992.htm) |
| 99.3 | [Clayton Rating Agency ATR QM Data Fields](d36959dex993.htm) |
| 99.4 | [Clayton Loan Level Tape Compare Upload](d36959dex994.htm) |
| 99.5 | [Clayton Valuations Summary](d36959dex995.htm) |
| 99.6 | [AMC Diligence, LLC ("AMC") Due Diligence Executive Summary](d36959dex996.htm) |
| 99.7 | [AMC Data Compare Report](d36959dex997.htm) |
| 99.8 | [AMC Exception Grades](d36959dex998.htm) |
| 99.9 | [AMC Rating Agency Grades](d36959dex999.htm) |
| 99.1 | [AMC Valuation Report](d36959dex9910.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 | September 23, 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](g36959g27x92.jpg)

![LOGO](g36959g94m68.jpg)

![LOGO](g36959g99x96.jpg)

**September 16, 2025**<br>**Due Diligence Narrative Report**<br>

------

![LOGO](g36959g0923075813914.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-J3 Page \| 1 September 16, 2025

------

![LOGO](g36959g0923075813914.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 152 residential loans selected for the PMT Loan Trust 2025-J3 transaction. The loans referenced in this narrative report were reviewed on a bulk basis between August 2025 and September 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 | 6 | 3.95% |
|  Correspondent Flow with delegated underwriting | 146 | 96.05% |
|  **Total** | **152** | **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-J3 Page \| 2 September 16, 2025

------

![LOGO](g36959g0923075813914.jpg)

**SAMPLING** 

Upon receipt of Asset Tape, Diligence provider randomly selected 152 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** | 152 | Clayton performed a Full Review based on the scope described below in the section titled "TPR Component Review Scope". |
| **Total Loan Population** | 152 |  |

---

**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](g36959g0923075813356.jpg)

PMT Loan Trust 2025-J3 Page \| 3 September 16, 2025

------

![LOGO](g36959g0923075813914.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 <u>Appendix A</u> 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 (152 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 <u>Appendix B</u> and to the guidelines cited above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Value Supported Analysis (152 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-J3 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 <u>Appendix C</u> and to the guidelines cited above.)

Clayton utilized its proprietary eCLAS engine for regulatory compliance testing.

PMT Loan Trust 2025-J3 Page \| 4 September 16, 2025

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![LOGO](g36959g0923075813914.jpg)

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 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.

PMT Loan Trust 2025-J3 Page \| 5 September 16, 2025

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![LOGO](g36959g0923075813914.jpg)

&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-J3 Page \| 6 September 16, 2025

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![LOGO](g36959g0923075813914.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 %** |
|  Appraisal Form Type | 7 | 95.39% |
|  AUS Grade Audit | 24 | 84.21% |
|  Borrower 1 Self Employed Flag | 3 | 98.03% |
|  Borrower 1 Total Income | 8 | 94.74% |
|  Borrower 2 Self Employed Flag | 4 | 97.37% |
|  Cash Reserves | 123 | 19.08% |
|  Combined LTV | 1 | 99.34% |
|  Credit Report Date | 2 | 98.68% |
|  Debt to Income Ratio (Back) | 6 | 96.05% |
|  Disbursement Date | 3 | 98.03% |
|  Loan Purpose | 10 | 93.42% |
|  Original Appraisal Date | 3 | 98.03% |
|  Original LTV | 3 | 98.03% |
|  Origination Channel | 6 | 96.05% |
|  Product Type | 6 | 96.05% |
|  Property City | 1 | 99.34% |
|  Property Type | 4 | 97.37% |
|  Sales Price | 2 | 98.68% |
|  Total Monthly Income | 2 | 98.68% |

---

PMT Loan Trust 2025-J3 Page \| 7 September 16, 2025

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![LOGO](g36959g0923075813914.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 (152 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** | 102 |  | 1 | 10 | **113** |
| **Final** | **B** |  | 32 | 4 | 3 | **39** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **102** | **32** | **5** | **13** | **152** |

---

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** | 143 |  | 4 | 2 | **149** |
| **Final** | **B** |  | 3 |  |  | **3** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **143** | **3** | **4** | **2** | **152** |

---

**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** | 143 |  | 1 | 8 | **152** |
| **Final** | **B** |  |  |  |  | **0** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **143** | **0** | **1** | **8** | **152** |

---

**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** | 111 |  |  | 4 | **115** |
| **Final** | **B** |  | 34 | 3 |  | **37** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **111** | **34** | **3** | **4** | **152** |

---

PMT Loan Trust 2025-J3 Page \| 8 September 16, 2025

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![LOGO](g36959g0923075813914.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-J3 Page \| 9 September 16, 2025

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![LOGO](g36959g0923075813914.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-J3 Page \| 10 September 16, 2025

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&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-J3 Page \| 11 September 16, 2025

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![LOGO](g36959g0923075813914.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-J3 Page \| 12 September 16, 2025

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![LOGO](g36959g0923075813914.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-J3 Page \| 13 September 16, 2025

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![LOGO](g36959g0923075813914.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-J3 Page \| 14 September 16, 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-J3 Page \| 15 September 16, 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-J3 Page \| 16 September 16, 2025

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![LOGO](g36959g0923075813914.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-J3 Page \| 17 September 16, 2025

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![LOGO](g36959g0923075813914.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-J3 Page \| 18 September 16, 2025

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![LOGO](g36959g0923075813914.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-J3 Page \| 19 September 16, 2025

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![LOGO](g36959g0923075813914.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-J3 Page \| 20 September 16, 2025

## Exhibit 99.2

**EXHIBIT 99.2** 

**CLAYTON CONDITIONS REPORT** 

------

---

| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC PMTLT 2025-J3_J16052** |
| **Conditions Report 2.0** |  |
| ***Loans in Report:*** | *152* |
| ***Loans with Conditions:*** | *52* |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**36 - Total Active Conditions** | |
| **36 - Non-Material Conditions** | **36 - Non-Material Conditions** |
| 3 - Credit Review Scope | 3 - Credit Review Scope |
|  | 2 - Category: Credit/Mtg History |
|  | 1 - Category: Terms/Guidelines |
| 33 - Compliance Review Scope | 33 - Compliance Review Scope |
|  | 1 - Category: Federal Consumer Protection |
|  | 32 - Category: RESPA |
| &nbsp;&nbsp;&nbsp;**36 - Total Satisfied Conditions** | &nbsp;&nbsp;&nbsp;**36 - Total Satisfied Conditions** |
| 7 - Credit Review Scope | 7 - Credit Review Scope |
|  | 1 - Category: Ability to Repay/Qualified Mortgage |
|  | 2 - Category: Assets |
|  | 1 - Category: Credit/Mtg History |
|  | 2 - Category: DTI |
|  | 1 - Category: Income/Employment |
| 9 - Property Valuations Review Scope | 9 - Property Valuations Review Scope |
|  | 8 - Category: Appraisal |
|  | 1 - Category: FEMA |
| 20 - Compliance Review Scope | 20 - Compliance Review Scope |
|  | 3 - Category: Ability to Repay/Qualified Mortgage |
|  | 1 - Category: APR Tolerance |
|  | 3 - Category: Finance Charge Tolerance |
|  | 13 - 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.

------

---

| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC PMTLT 2025-J3_J16052** |
| **Conditions Report 2.0** |  |
| ***Loans in Report:*** | *152* |
| ***Loans with Conditions:*** | *52* |

---

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;125 | 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: Representative score 792 above required score 700.<br>CFCFS5269: Minimal use of credit - Clayton Comments: 24.27% consumer credit utilization in file |
| &nbsp;&nbsp;&nbsp;258 | 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: Qualifying credit score of 801 exceeds required minimum score of 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 75% is below the maximum LTV of 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Cash reserves verified of $374,772.31 or 50.66 months exceed the required reserves of 3 months. |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | XXXXXX | TN | 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 807 exceeds guidelines with a minimum credit score of 700. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Consumer credit history exceeds guidelines with no late payments for the past 72 months or more. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 40.77% is below guideline requirement of 50%. |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 787 fico score <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: b1 -9 years in the same line of work <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $88,018.89 in post closing reserves or 14.29 months PITI.Three months reserves required $6,157.34 X 3 = $18,472.02. |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 80% is greater than guideline maximum 89.99%. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in the same profession for 10 years. |

---

------

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;259 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | (No Data) |
| &nbsp;&nbsp;&nbsp;129 | 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 | Per initial<br>disclosures<br>no ABA<br>or Facts<br>form was<br>included. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO of 755 exceeds the guideline program minimum of 720. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 41 months with 0x30 Mortgage payment history exceeds guidelines of 12 months. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: B1, Significant time in profession, 6 years. |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | XXXXXX | IL | 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 800. Minimum required 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 70%. Max 89.99% <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: The borrower has been in the same profession over 20 years <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets are $508,812.57 or 55.37 months > min required of 3 months ($9,188.75 x 3 = $27,356.25) |
| &nbsp;&nbsp;&nbsp;131 | 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 score<br>is >2.5<br>Clayton to<br>order Desk<br>Review. | 9/11/2025:<br>Received<br>AVM<br>supporting<br>value.<br>FSD 4. | 9/11/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: The borrower has been working for the same employer for 6 years |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | (No Data) |

---

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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 Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | XXXXXX | OR | 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 | CFCFS2854: Significant time in profession <br>- Clayton Comments: The borrowers have been in the same profession over 10 years <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit Score 780. Minimum required 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $73,712.40 or 8.20 months. Required reserves are $8,992.13 X 3= $26,976.39 |
| &nbsp;&nbsp;&nbsp;134 | 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: Borrower credit score of 763 exceeds min score requirement of 720. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in this line of work in the past: 16 years. |
| &nbsp;&nbsp;&nbsp;135 | 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: 9 years at current job <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 802 fico score <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $1,444,670.78 in post closing reserves or 106.51 months PITI.Three months reserves required $13,562.98 X 3 = $40,688.94. |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | XXXXXX | VA | 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>is missing<br>from the<br>file.<br>Please<br>Provide. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 37.29% is below Guidelines 50% maximum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80% is below Guidelines 89.99% maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 809 is above Guidelines 700 minimum. |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Minimum fico 720 for $1,500,000<$2,000,000 89.99% LTV borrower fico 798 <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI max 50%; Borrower DTI 26.59% <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV max 89,99%; borrower LTV 80% |

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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<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | XXXXXX | ID | 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>Affiliate<br>Business<br>Disclosure. (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 25 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO of 811 exceeds the guideline program minimum of 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $1,357,126.60- or 163.43-months PITI , Required PITI Reserves are The greater of 3 months PITIA or per the AUS, $8,303.85 \*3 = $24,911.55. |
| &nbsp;&nbsp;&nbsp;139 | 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 80%. Max 89.99% <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: The borrower has been in the same profession for 17 years <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit Score 758. Minimum required 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves $183,577.49 or 22.75 months PITI. Required PITI Reserves are $44 per DU. |
| &nbsp;&nbsp;&nbsp;140 | 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: Credit score of 766 exceeds guideline requirement of 700. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: No late payments reflected on the mortgage since 2015. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $136,084.61 or 13.84 months of PITI. Guidelines require 3 months PITI or $29,490.54. |
| &nbsp;&nbsp;&nbsp;141 | 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: Verified LTV 75.67%. Max 89.99% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified credit score 762. Minimum required 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets $439,607.89 or 48.83 months. Required $9003.45x3= $27,010.3 |
| &nbsp;&nbsp;&nbsp;142 | 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: Median FICO of 740 exceeds the guideline program minimum of 700. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 15 years. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $525,383.22 or 64.82 months PITI. Required PITI Reserves are The greater of 3 months PITIA or per the AUS, $8,104.78 \*3 = $24,314.34. |

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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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3618 | TRID—Corrected<br>CD should have<br>been provided;<br>Change of<br>Product or<br>Product Feature<br>not disclosed at<br>least 3 business<br>days prior to<br>closing | No | Provide<br>initial CD<br>with proof<br>of receipt<br>at least 3<br>business<br>days prior<br>to closing. | 9.11.2025<br>Lender<br>provided<br>Initial<br>CD XXX<br>APR<br>decreased<br>from int<br>to final. | 9.12.2025<br>ERxception<br>Satisfied (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Mid fico of 890 exceeds minimum required <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 19.63% below max allowed of 70%. |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D 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 period | No | Provide<br>initial CD<br>with proof<br>of receipt<br>at least 3<br>business<br>days prior<br>to closing. | 9.11.2025<br>Lender<br>provided<br>initial CD<br>XXX<br>SIGNED<br>ON XXX | 9.12.2025<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Mid fico of 890 exceeds minimum required <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 19.63% below max allowed of 70%. |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied D A | CMPTRID4579 | TRID—CD:<br>Missing Initial<br>CD | No | Provide<br>initial CD<br>with proof<br>of receipt<br>at least 3<br>business<br>days prior<br>to closing. | 9.11.2025<br>Lender<br>provided<br>initial CD<br>XXX<br>SIGNED<br>ON XXX | 9.12.2025<br>Exception<br>Satisfied (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Mid fico of 890 exceeds minimum required <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 19.63% below max allowed of 70%. |
| &nbsp;&nbsp;&nbsp;144 | 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 Business<br>Disclosure<br>missing | No | Missing<br>Affiliate<br>Business<br>Disclosure. | (No<br>Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $496,934.42 in post closing reserves or 61.56 months PITI. Three months reserves required $8,071.41 X 3 = $24,214.23. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Verified 29.96% DTI. Max allowed 50%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 788 median FICO. Minimum required 700. |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | XXXXXX | FL | 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 Business<br>Disclosure<br>missing | No | Please<br>missing<br>Required<br>Affiliate<br>Business<br>Disclosure. | (No<br>Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 788 mid score > min required of 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets of $3,822,648.12 (381.03 months PITIA reserves) > min required of 3 months |

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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;146 | 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 | CU/<br>LCA<br>score is<br>> 2.5.<br>Clayton<br>to order<br>Desk<br>Review. | 9/11/2025:<br>Received<br>AVM<br>supporting<br>value.<br>FSD 4. | 9/11/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 811 exceeds guideline requirement 720. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI 32.13% below 45%. <br>CFCFS2860: Good credit history <br>- Clayton Comments: 0 lates with excellent credit history |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | XXXXXX NJ | 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: 13 years at current job <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: 9 years are current residence <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 804 fico score |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | XXXXXX NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 has 8 years in same line of work. B2 has 10 years 7 months in same line of work. B3 has 20 years in same line of work. B4 has 4 years 11 months in same line of work. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: B1/B2 have 8 years at current residence. B3/B4 have 29 years at current residence. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Required reserves $4,339. Documented reserves $905,729.67 |
| &nbsp;&nbsp;&nbsp;149 | 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/<br>LCA<br>score is<br>>2.5.<br>Clayton<br>to order<br>Desk<br>Review. | 9/2/2025:<br>Received<br>AVM<br>supporting<br>value.<br>FSD 3. | 9/2/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: The borrower has been in the same profession for 42 years <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 75% Max 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified credit score 807. Minimum required 720 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close assets are $126,577.34 or 7.84 months. Required reserves $48,436.08. |

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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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | XXXXXX | CO | 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 | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 21.72% is below Guidelines maximum of 50%. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 55.56% is below Guidelines maximum of $89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 809 exceeds Guidelines minimum of 700. |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | XXXXXX | CO | 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>>2.5.<br>Clayton to<br>order<br>Desk<br>Review. | 9/2/2025:<br>Received<br>AVM<br>supporting<br>value.<br>FSD 3. | 9/2/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 21.72% is below Guidelines maximum of 50%. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 55.56% is below Guidelines maximum of $89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 809 exceeds Guidelines minimum of 700. |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | XXXXXX | TX | 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 Close Assets $348,446.81 or 37.52 monthsRequired PITI reserves $9,286.46 x 3=$27,859.38 <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: The borrower has been in the same profession over 17 years <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 57.56% LTV below guideline requirements Max 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified credit score 771. Minimum required 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 13.08% DTI below guideline requirement Max 50%. |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Property<br>Valuations | FEMA | Satisfied C A | PRVAFEMA858 | Natural<br>Disaster<br>Area, no<br>subsequent<br>inspection<br>(Individual &<br>Public) | No | Missing<br>post-<br>disaster<br>property<br>inspection<br>dated after<br>XXX. | 9/5/2025:<br>Received<br>clear PDI<br>report<br>dated<br>9/2/2025. | 9/5/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets $348,446.81 or 37.52 monthsRequired PITI reserves $9,286.46 x 3=$27,859.38 <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: The borrower has been in the same profession over 17 years <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 57.56% LTV below guideline requirements Max 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified credit score 771. Minimum required 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 13.08% DTI below guideline requirement Max 50%. |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrower credit score of 764 exceeds min score requirement of 700. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in this line of work in the past: 8 years. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has lived at current residence for the past: 16 years. |

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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 Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating**<br> **Factors** |
| &nbsp;&nbsp;&nbsp;153 | 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: B1 XXX with 8 years at current job. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $138,888.74 or 9.80 months of PITI. Required reserves (3 months x $14,164.37) $42,493.11. |
| &nbsp;&nbsp;&nbsp;154 | 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 Close assets $87,243.37 or 9.44 months of PITI. Required PITI reserves are $9,245.94 x 3 months =$27,737.82 <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: B2 has been in the same profession for 27 years <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit Score 724. Minimum required 700. |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | 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 | A cure of $7<br>dollars was<br>provided on<br>the PCCD<br>for the<br>Appraisal<br>Desk Review<br>increase<br>from $205 to<br>$212;<br>exception<br>satisfied. (No<br>Data) | (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers' mid score of 770 exceeds guideline requirement of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 36.20% is below guideline requirement of 50%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Loan requires 3 months PITI reserves; have 15.79 months verified PITI reserves. |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied A | CMPTRID5293 | TRID Not all<br>required<br>seller-paid<br>fees were<br>disclosed on<br>the CD | No | Seller fees<br>listed on<br>Seller CD<br>but not<br>Borrower<br>final CD. As<br>the fees are<br>at least<br>reflected<br>there is no<br>material<br>issue. This<br>Condition is<br>informational<br>per Clayton<br>Compliance<br>department<br>and TRID<br>2.0 revisions.<br>Condition<br>satisfied.<br>Final Grade<br>A. (No<br>Data) | Numeric | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrowers have post close assets of $522,207.91 or 36.26 months of PITIA reservesRequired PITIA reserves are $14,401.16 X 3 = $43,203.48. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 774 FICO exceeds minimum 700. |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | XXXXXX | AR | 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: B1 has been XXX for 8 years 9 months. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has been XXX for 8 years 9 months. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Closing Assets: $343,698.81—$24,363.30 required 3 months reserves = $319,335.51/$8,121.10 PITIA = 39.32 additional months reserves. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 735 median FICO. Minimum required 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;158 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: 0x30 x106 months (consecutive pay histories) <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit Score 797. Minimum 740 required <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Verified DTI 29.3%. Max 45% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close assets are $3,519,642.47 or 155.74 months of PITIA reserves > min required reserves of $406,803.06 (18 months PITIA) |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | XXXXXX | CO | 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 score of 775 exceeds minimum per guidelines of 700. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been with employer for over 13 years. <br>CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years <br>- Clayton Comments: Borrowers have no history of derogatory mortgage history reflected on credit report. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI under 22% lower than maximum 45% per guidelines. |
| &nbsp;&nbsp;&nbsp;160 | 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: 792 fico score <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Months PITI Reserves42.14Months PITI Reserves (Qual Rate)42.14Cash Reserves$318,814.54 <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: co borrower 43 years on the current job |
| &nbsp;&nbsp;&nbsp;161 | 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>LCA<br>score is<br>>2.5.<br>Clayton<br>to order<br>Desk<br>Review | 9/11/2025:<br>Received<br>AVM<br>supporting<br>value.<br>FSD 5. | 9/11/2025:<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 5 years. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co-Borrower has significant time at current job, 13 years and 5 months. <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 $210,861.21 or 27.40 months of PITIA > min required of 3 months PITIA per G/L ($23,086.44) |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | XXXXXX | MI | 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: B1 XXX with 7 years 9 months at current job. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Both borrowers have 15 years in same line of work. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 70.00% below program maximum 80.00%. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 53 mos. 0x30 and 51 mos. 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 Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;163 | 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 | RESPA: Required<br>Affiliate Business<br>Disclosure<br>missing as is<br>FACTS sheet<br>unable to<br>determine. (No<br>Data) | Not<br>Applicable | CFCFS5269: Minimal use of credit <br>- Clayton Comments: Borrower's credit ratio usage is under 6%. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Consumer history requirement is 24 months, 56 months reviewed. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Borrower has has no late payments or derogatory mortgage payment history. |
| &nbsp;&nbsp;&nbsp;164 | 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 Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 796 fico score <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: 78 PITI reserves |
| &nbsp;&nbsp;&nbsp;165 | 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: Borrowers 787 FICO score is above the 700 min. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrowers $285,216.54 in reserves is above the required $28,500.54. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Borrowers 22.94% DTI is below the 45% max. |
| &nbsp;&nbsp;&nbsp;260 | 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: 13 years on current job <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 784 fico score <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $295,022.69 in post closing reserves or 18.78 months PITI. Three months reserves required $15,703.55 X 3 = $47,110.65. |
| &nbsp;&nbsp;&nbsp;261 | XXXXXX | XXXXXX | UT | 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 score of 754 exceeds minimum requirement of 720. <br>CFCFS5269: Minimal use of credit <br>- Clayton Comments: Borrowers' credit ratio percentage is 23% per credit report dated 3/6/2025. |

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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 Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX | XXXXXX | VA | 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: B1 has 9.83yrs tenure with current employer. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves of $1,162,330.61 exceeds required reserves $0. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 128 consecutive months rent/mortgage history 0x30 exceeds 12 mos. 0x30. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 766 Median Credit Score exceeds 700 minimum score per guidelines. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 67.50% LTV below maximum allowed 89.99%. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has 19.42yrs tenure with current employer. |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co-Borrower has significant time at current job, 17 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO of 746 exceeds the guideline program minimum of 700. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, B1, 12 years and B2, 17 years. |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: The borrower has been in the same profession over 11 years <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit Score 787. Minimum required 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Closing Assets after removal of large deposits $528,086.51- $22,879 OPEN XXX)= $490,564.06 or 60.40 months reserves. Required PITI reserves $8,122.21 X 3+$$24,366.63 |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Credit | Terms/<br>Guidelines | Active B | CRDTER109 | Cash Out<br>Amount<br>Exceeds<br>Guidelines | No | Max cash out<br>allowed is<br>$500K which<br>includes:<br>Non-Purchase<br>Money 2nds.<br>Borrower<br>received<br>$XXX cash<br>in hand plus<br>paid off<br>$XXX<br>non-purchase<br>second,<br>totaling<br>$XXX. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 783 Credit score exceeds guidelines of 740 per program. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 4 years. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 34.31% DTI below guideline requirement of 50%. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 58.58% LTV below guideline requirements of 70%. |
| &nbsp;&nbsp;&nbsp;170 | 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: Borrower credit score of 796 exceeds min score requirement of 700. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in this line of work in the past: 30 years. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has lived at current residence for the past: 8 years. |

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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 Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | XXXXXX | OH | 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 close assets are $91,128.24 or 11.83 months PITIA. Required reserves are 3 X $7,702.23 = $23,106.69 <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Over 10 years in profession <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI 30.96% is below DTI 45% |
| &nbsp;&nbsp;&nbsp;262 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 69.83% LTV < max permitted of 89.99% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Qualifying credit score of 795 is 95 basis point greater then the minimum required score of 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post-closing assets: $101,924.67 (13.44 months PITIA reserves) > min required reserves of 3 months PITIA ($7,583.00 x 3 = $22,749.00) |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | XXXXXX | MA | 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 were at there home for over 13 years <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: The borrower has been in the profession for 15 years <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit Score 752. Minimum required 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Closing Assets are $79,294.59 or 7.85 months. Required PITI Reserves are $10,100.68 x 3 months = $30,302.04 |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | XXXXXX | MD | 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 740 exceeds guidelines with a minimum credit score 700. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Consumer credit history exceeds guidelines with no late reporting for the past 60 months or more. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job with 7.2 years. |
| &nbsp;&nbsp;&nbsp;174 | 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 | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $196,492.48 in post closing reserves or 15.14 months PITI. Three months reserves required $12,971.08 X 3 = $38,913.24. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Verified 32.78% DTI. Max allowed 50%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 755 median FICO. Minimum required 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** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX | XXXXXX | TN | 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 | 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 | $10.23 Zero<br>Tolerance<br>fees due to<br>increase in<br>transfer taxes<br>from<br>$1796.30 to<br>$1807.23<br>without valid<br>change of<br>circumstance<br>documented<br>in the file.<br>Can be<br>downgraded<br>and Satisfied<br>Non-Material<br>with<br>corrected<br>Post Close<br>CD, LOX,<br>Copy of<br>Refund<br>Check, and<br>verification<br>sent to the<br>borrower. | 09.09.2025<br>Lender<br>provided<br>COC for<br>increase to<br>transfer<br>taxes.<br>Exception<br>Satisfied | 09.12.2025<br>Exception<br>Satisfied (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Verified 52.45% LTV. Max allowed 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 740 fico score |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 75% LTV below guideline maximum 89.99% LTV. <br>CFCFS1750: High potential for increased earnings <br>- Clayton Comments: bonuses not used for co borrower which amount to $70,000 YTD |
| &nbsp;&nbsp;&nbsp;177 | XXXXXX | XXXXXX | WA | 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 $404,965.34 in post closing reserves or 58.50 months PITI. Three months reserves required. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 747 fico score |
| &nbsp;&nbsp;&nbsp;178 | 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 40.55% is below Guidelines maximum of 50%. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80% is below Guidelines maximum of 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 787 exceeds Guidelines minimum of 720. |
| &nbsp;&nbsp;&nbsp;179 | 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: Borrower credit score of 807 exceeds min score requirement of 700. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in this line of work in the past: 20 years. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Consumer credit show 0x30x76. |

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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 Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;263 | 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 | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Mid fico is 803, which is above minimum required <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close reserves $303,050.14 or 38.98 months PITI. Required reserves $23,325.18. |
| &nbsp;&nbsp;&nbsp;180 | 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: Credit score of 798 exceeds guideline requirement of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 24% is below guideline requirement of 50%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $69,383.45 or 5.74 months of PITI. Required reserves $36,236.25. |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | XXXXXX | DE | 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 | Provide<br>Affiliated<br>Business<br>Disclosure. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 7 years & 6 months at current residence <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 812 FICO exceeds minimum 700. |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX | XXXXXX | VA | 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 $147,348.32 in post closing reserves or 10.39 months PITI.Three months reserves required $14,169.16 X 3 = $42,507.48. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 758 fico score. minimum required 720. |
| &nbsp;&nbsp;&nbsp;264 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrowers have post close assets of $1,537,799.85 or 175.64 months of PITIA reservesRequired PITIA reserves are $8,755.30 X 3 = $26,265.90. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has 25 years & 6 months at current job <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 807 FICO exceeds minimum 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** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | XXXXXX | CA | 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 lived at their current home over 11 years <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified credit score 773. Minimum required 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Closing Assets are $223,064.38 or 23.06 months. Required PITI reserves $9,921.77 x 3 =$29,765.31 |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | XXXXXX | FL | 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, 6 years, 8 months. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 758 Credit score exceeds guidelines of 720. <br>CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years <br>- Clayton Comments: Borrower does not have any major mortgage related occurrences during the past two years. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $226,130.35 or 19 months PITIA exceeds guideline required 3 months ($11,901.98 x 3 = $35,705.94). |
| &nbsp;&nbsp;&nbsp;185 | 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 757 FICO score. Minimum required 740. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $5,166,717.27 or 256.08 months of PITI.Required PITI Reserves are $20,176.04 X 18 months = $363,168.72 |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Credit | Credit/<br>Mtg<br>History | Active B | CRDCRMH123 | No<br>evidence<br>of<br>required<br>debt<br>payoff | No | No<br>evidence<br>of IRS<br>$557.80<br>balance<br>paid.<br>Borrower's<br>email<br>refers to<br>the receipt<br>attached<br>but unable<br>to locate. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 37.22 is below Guidelines maximum of 50%. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80% is below Guidelines maximum of 80.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 722 is above Guidelines minimum of 700. |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | XXXXXX | NJ | 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: B1 has 11 years & 5 months at current job <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has 10 years & 11 months at current job <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 801 FICO exceeds minimum 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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA2700 | RESPA—List<br>of<br>homeowners<br>counseling<br>organizations<br>not provided<br>w/in 3 days<br>of application | No | Please<br>provide List<br>of<br>homeowners<br>counseling<br>organizations<br>dated within<br>3 days of<br>application<br>date of<br>XXX. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified Credit score 786. Minimum required 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close assets $364,310.56 or 38.03 months PITI. Required PITI Reserves are $9,578.33 x 3=$28,734.99 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 77.15%. Max 89.99%. |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX | XXXXXX | IL | 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, 5 years and 2 months. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 11 years. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $135,749.66 or 14.72 months PITI, Required PITI Reserves are The greater of 3 months PITIA or per the AUS, $9,222.44 \*3 = $27,667.32. |
| &nbsp;&nbsp;&nbsp;190 | 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: B1 has 6 years & 7 months at current job <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has 7 years & 3 months at current job <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 775 FICO exceeds minimum 700. |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX | XXXXXX | TX | 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—Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the loan<br>file is missing<br>documents to<br>complete the<br>ATR/QM<br>review and<br>render an<br>accurate<br>ATR/QM<br>status. | No | Missing<br>verification<br>of some or<br>all<br>components<br>of<br>non-subject<br>PITI: 1.<br>Taxes for<br>investment at<br>XXX 2.<br>Taxes and<br>hazard for<br>XXX. | 9/2/2025:<br>Received<br>screenshots<br>from<br>XXX—this was<br>in the original<br>PDF. Clayton<br>looked up the<br>addresses on<br>XXX. The taxes<br>for XXX<br>matches, but the<br>taxes for XXX<br>has outdated<br>info. XXX<br>screenshot<br>saved to the<br>file. | 9/2/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 787 Credit score exceeds guidelines 700. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 30 years. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 267 months 0x30 Mortgage payment history exceeds guidelines 12 months required. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $713,222.80 or 55.98 months PITIA exceeds guideline required 3 months. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 23.65% DTI below guideline requirement of 50%. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 65.83% LTV < max permitted of 89.99% |
| &nbsp;&nbsp;&nbsp;191 | 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<br>of some or all<br>components<br>of<br>non-subject<br>PITI | No | Missing<br>verification<br>of some or<br>all<br>components<br>of<br>non-subject<br>PITI: 1.<br>Taxes for<br>investment at<br>XXX 2.<br>Taxes and<br>hazard for<br>XXX. | 9/2/2025:<br>Received<br>screenshots<br>fromXXX—this<br>was in the<br>original PDF.<br>Clayton looked<br>up the addresses<br>on XXX. The<br>taxes for XXX<br>matches, but the<br>taxes for XXX<br>has outdated<br>info. XXX<br>screenshot<br>saved to the<br>file. | 9/2/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 787 Credit score exceeds guidelines 700. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 30 years. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 267 months 0x30 Mortgage payment history exceeds guidelines 12 months required. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $713,222.80 or 55.98 months PITIA exceeds guideline required 3 months. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 23.65% DTI below guideline requirement of 50%. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 65.83% LTV < max 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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;192 | 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<br>3.3.<br>Clayton<br>to order<br>Desk<br>Review. | 9/2/2025:<br>Received<br>AVM<br>supporting<br>value.<br>FSD 4. | 9/2/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrowers have $487859 in reserves with only $37789.44 being required. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 27.50% is below the 45% max. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrowers 787 FICO score is above the 720 min. |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | XXXXXX | WA | 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: 25 years at current job <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 790 score exceed guidelines 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: 12.96 reserves exceeds guidelines $0.00 |
| &nbsp;&nbsp;&nbsp;194 | 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: Borrower has 10 years & 3 months at current residence <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 745 FICO exceeds minimum 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $368,633.37 (34.66 months PITIA reserves) > min required reserves of 3 months, per G/L $32,005.53 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 77.37% LTV < max permitted of 89.99% |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in the same profession for 10 years and 10 months. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 799 is > the minimum credit score of 720. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Current primary mortgage reviewed for 44 months with 0 x 30. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified assets of $839,694.02; required assets $556,349.05; verified reserves of $283,344.97; required reserves $15,080.39 x 3 = $45,241.17 |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX | XXXXXX | DC | 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: B1 has 21.3 years employed with current employer. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B1 has 7.2 years employed with current employer. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 751 qualifying credit score exceeds requirement 700. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: 429 months of 0 x 30 consumer credit history per CBR. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: 134.45 months of reserves in file exceed $113,664.74 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/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | 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 | Final CD<br>XXX-2:<br>Disclosed<br>Finance<br>Charge of<br>$1,211,313.48<br>vs Clayton<br>Calculation of<br>$1,211,538.48.<br>Understated<br>by $225.00.<br>Missing<br>itemization of<br>finance<br>charges from<br>lender. | 9.9.2025<br>Lender<br>Provided<br>PCCD<br>LOE<br>Refund<br>for<br>225.00<br>and<br>copy of<br>check. | 9.12.2025<br>Exception<br>Satisfied | (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 788 FICO exceeds minimum 700. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 4 years & 9 months at current residence. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower Mortgage payment 0x30x73 months. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrowers have post close assets of $28,873.18 or 4.20 months of PITI reservesRequired PITI reserves are $6,875.60 X 3 = $20,626.80. |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | Finance<br>Charge<br>Tolerance | Satisfied C B | CMPFINT4372 | TILA/<br>TRID-<br>Disclosed<br>Amount<br>Financed is<br>higher than<br>Clayton's<br>calculated<br>Amount<br>Financed | No | Final CD<br>XXX-2:<br>Disclosed<br>Amount<br>Financed of<br>$960,935.81<br>vs Clayton<br>Calculation of<br>$960,710.81.<br>Higher by<br>$225.00.<br>Missing<br>itemization of<br>finance<br>charges from<br>lender. | 9.9.2025<br>Lender<br>Provided<br>PCCD<br>LOE<br>Refund<br>for<br>225.00<br>and<br>copy of<br>check. | 9.11.2025<br>Exception<br>satisfied | Numeric | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 788 FICO exceeds minimum 700. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 4 years & 9 months at current residence. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower Mortgage payment 0x30x73 months. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrowers have post close assets of $28,873.18 or 4.20 months of PITI reservesRequired PITI reserves are $6,875.60 X 3 = $20,626.80. |
| &nbsp;&nbsp;&nbsp;198 | 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: Max LTV 89.99%; LTV 80.00% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Minimum fico 700 for loan amount <= $1,500,000 89.99%Fico 792 <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Max DTI 50%Borrower DTI 26% / 36% |
| &nbsp;&nbsp;&nbsp;199 | 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 score. Minimum required 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $345,155.78 post closing reserves or 37.80 months PITI.Three months reserves required $9.129.95 X 3 = $27,389.85. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Verified 38.21% DTI. Max allowed 50%. |
| &nbsp;&nbsp;&nbsp;200 | 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: Credit Score 789. Minimum required 720 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $305,772.49- $8,323 XXX= $297,449.49 or $17.12 months of PITI. Required PITI reserves are $17,379.38 x 3 months = $52,138.14 <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: The borrower has been in the same profession for 7 years |

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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 Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied B | CMPTRID4056 | TRID—CD:<br>The Total<br>Payment<br>Amount on<br>the Loan<br>Calculation<br>section of<br>the Final<br>Closing<br>Disclosure<br>is less than<br>the Clayton<br>Calculated<br>Total<br>Payment<br>Amount | No | CD:<br>XXX-1<br>[Last CD],<br>Section:<br>Loan<br>Calculation,<br>Field: Total<br>of<br>Payments,<br>CD Value:<br>XXX,<br>System<br>Value:<br>$XXX a<br>difference<br>of $683.21.<br>Satisfied<br>with Post<br>CD XXX. (No<br>Data) | Satisfied | Numeric | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $1,385,921.72 or 53.08 months PITIA exceeding the guideline required 18 months x $26,108.27 = $469,948.86 required. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers have significant time at residence with 20 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 780 exceeds guidelines with a minimum credit score of 740. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co-Borrower has significant time at current job with 26 years. |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 762 Credit score exceeds guidelines of 720. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 13.23% DTI below guideline requirement of 45%. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 47.37% LTV below guideline requirements 89.99%. |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 783 Credit score exceeds guidelines of 700. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 12+ years. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 31.61% DTI below guideline requirement of 45%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $455,849.42 or 44.86 months PITIA exceeds the 3 months ($10,161.86 x 3 = $30,485.58) required per guidelines. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 65% LTV below guideline maximum of 89.99% |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX | XXXXXX | CO | 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 21 years. <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>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 22 years. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $264,279.30 or 26.31 months of PITIA > Required reserves of 3 months per G/L ($30,134.58 + XXX 30 day revolving $2743.10 = $32,877.68) |
| &nbsp;&nbsp;&nbsp;205 | 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: Verified $147,621.26 in post closing reserves or 16.16 months PITI.Three months reserves required $9,129.95 X 3 = $27,389.85. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: b2—11 years in the same line of business <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 780 median FICO score. Minimum required 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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX | XXXXXX | SC | 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 763 is above the required 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 69.78 is below the maximum allowable of 89.99%. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 25.12 is below the maximum allowable 50%. |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied B | CMPTRID4056 | TRID - CD:<br>The Total<br>Payment<br>Amount on<br>the Loan<br>Calculation<br>section of the<br>Final Closing<br>Disclosure is<br>less than the<br>Clayton<br>Calculated<br>Total<br>Payment<br>Amount | No | Corrected on<br>Post CD<br>XXX;<br>exception<br>satisfied. | (No Data) | (No Data) | Numeric | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrower has resided at current residence for 5 years.<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has significant time at current job, 28 years and 9 months.<br> CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Median FICO of 804 exceeds the guideline program minimum of 700. |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Credit | Assets | Satisfied D A | CRDAST2354 | Asset<br>Verification<br>In File is<br>Incomplete<br>Per<br>Requirements | No | Provide<br>documentation<br>to verify<br>source of<br>funds for the<br>following wire<br>receipts to<br>Settlement<br>Co: $54,000<br>on 6/2/2025 &<br>$549,097.06<br>on 7/3/2025. | 9/2/2025:<br>Received<br>docs to show<br>source of a<br>$376,200<br>deposit and<br>$54K<br>deposit. Still<br>need<br>verification<br>$549,097.06.<br>Lender<br>indicated it is<br>being worked<br>on.9/11/2025:<br>Received<br>docs to show<br>SOF for<br>$549,097.06. | 9/2/2025:<br>Exception<br>remains.9/11/2025:<br>Exception<br>satisfied. | (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has resided at current residence for 5 years. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 28 years and 9 months. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Median FICO of 804 exceeds the guideline program minimum of 700. |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B C A | Compliance | RESPA | Active B | CMPRESPA2698 | RESPA—List<br>of<br>homeowners<br>counseling<br>organizations<br>not in file | No | Please provide<br>missing list of<br>homeowners<br>counseling<br>organizations. | (No Data) | (No Data) | (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower 1 worked in the same line of work for 12 years <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: b1- 12 years with the same employer <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: 13 years on current job |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B C A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Please provide<br>Affiliated<br>Business<br>Disclosure | (No Data) | (No Data) | (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower 1 worked in the same line of work for 12 years <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: b1- 12 years with the same employer <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: 13 years on current job |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B C A | Credit | Assets | Satisfied C A | CRDAST3036 | Assets reflect<br>unsourced<br>deposits | No | Provide LOX<br>and docs for<br>wired funds<br>on XXX to<br>XXX #XXX<br>of<br>$865,150.65.<br>(Funds cannot<br>be deducted or<br>loan is short<br>funds to close<br>and short<br>reserves). | 9/3/2025:<br>Received<br>XXX Seller<br>CD showing<br>net proceeds<br>$XXX for<br>sale of REO. | 9/3/2025:<br>Exception<br>satisfied. | (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower 1 worked in the same line of work for 12 years <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: b1- 12 years with the same employer <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: 13 years on 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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B C A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | LCA<br>Score<br>3.0.<br>Clayton<br>to order<br>Desk<br>Review. | 9/2/2025:<br>Received<br>AVM<br>supporting<br>value.<br>FSD 5. | 9/2/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower 1 worked in the same line of work for 12 years <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: b1- 12 years with the same employer <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: 13 years on current job |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 70%. Max 89.99% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score 797. Minimum required 720 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets $1,015,880.10 or 68.25 months PITI. Required reserves $$14,884.24x3= $44,652.72 |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | XXXXXX | UT | 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 12.167yrs tenure with current employer <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 47.93% below maximum allowed LTV of 80% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 791 Median Credit Score exceeds minimum required score of 740 |
| &nbsp;&nbsp;&nbsp;211 | 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: 57% LTV below guideline requirements of 89.99% per program. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO of 798 exceeds the guideline program minimum of 700. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 26 years. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $397,302.65 (31.75 months of PITIA reserves) > required reserves of 3 months per G/L ($37,543.89) |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX | XXXXXX | NC | 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-close assets are $632,717.63 (35.29 months PITIA reserves). Reserves required are 18 months ($17,927.46 X 18 months = $322,694.28) <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been with employer for over 18 years. <br>CFCFS2860: Good credit history <br>- Clayton Comments: Reviewed 99 months of credit history with no late payments or derogatory credit history. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: FICO score of 766 exceeds minimum of 720 per 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 Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;265 | 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 80% guidelines 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrower has $162,137.03 in reserves exceeding the required $21,758, 3 months PITIA. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 768 is 68 points above minimum program requirement of 700. |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX | XXXXXX | TX | 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 | No ABA in<br>file or<br>initial<br>disclosures. (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: The borrower has been in the same profession over 25 years <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 35%. Max 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Closing assets are $469,450.55 or 41.58 months of PITI. Required PITI Reserves $11,288.23x3= $33,864.69 |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX | XXXXXX | MA | 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 20 years & 11 months at current job <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 5 years at current residence <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has 6 years & 8 months at current job |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 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, 19 years and 3 months. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co-Borrower has significant time at current job, 15 years and 2 months. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 63.84% LTV < max permitted of 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $2,016,426.11 (281.86 months PITIA) > min required per G/L of 3 months ($21,461.67) |
| &nbsp;&nbsp;&nbsp;216 | 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 of 80% is below max LTV of 89.99%. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has successfully owned and operated XXX for 18 years. |

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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 Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;266 | 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 Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Mid fico is 796. Minimum required 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 68.75%. This is below max allowed <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: DU reflects $0 reserves. Reserves verified in excess of requirement. |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA2698 | RESPA—List<br>of<br>homeowners<br>counseling<br>organizations<br>not in file | No | Provide List of<br>homeowners<br>counseling<br>organizations;<br>Acknowledgement<br>provided with<br>signatures XXX;<br>however the list<br>was not provided. (No<br>Data) | Not<br>Applicable | (No Data) |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX | XXXXXX | TX | 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 | Provide Required<br>Affiliate Business<br>Disclosure; Facts<br>listed Affiliates. (No<br>Data) | Not<br>Applicable | (No Data) |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Minimum fico 680. Borrower fico 800 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Required funds to be verified $313,306.61 Excess available assets $218,084.33 <br>CFCFS2860: Good credit history <br>- Clayton Comments: Excellent credit history with 0 x 30 x 48 on all debt and mortgages |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX | XXXXXX | DC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 786 fico score <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: B1—11 years in the same line of work |

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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 Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;267 | XXXXXX | XXXXXX | MD | QM:<br>Safe<br>Harbor | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 80% below max allowed 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: credit score 785 min allowed 720 <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 0x30 over 24 months |
| &nbsp;&nbsp;&nbsp;220 | 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: 780 Median Credit Score exceeds minimum required score of 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 65% below 89.99% maximum allowed guideline LTV <br>CFCFS2860: Good credit history <br>- Clayton Comments: Excellent credit history with no late pay/derog line items. 780 median credit, significant mortgage history, oldest trade 3/1995 |
| &nbsp;&nbsp;&nbsp;221 | 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 | Missing<br>Affiliate<br>Business<br>Disclosure. (No<br>Data) | (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 7 years. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $524,895.06 or 78.59 months PITIA exceed the LP approval amount of $0.00. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 61.48% LTV below guideline requirements. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 761 Credit score exceeds guidelines of 620. |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied A | CMPTRID5293 | TRID Not<br>all<br>required<br>seller-paid<br>fees were<br>disclosed<br>on the CD | No | Seller fees<br>listed on<br>Seller CD<br>but not<br>Borrower<br>final CD. As<br>the fees are<br>at least<br>reflected<br>there is no<br>material<br>issue. This<br>Condition is<br>informational<br>per Clayton<br>Compliance<br>department<br>and TRID<br>2.0 revisions.<br>Condition<br>satisfied.<br>Final Grade<br>A. (No<br>Data) | Numeric | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 7 years. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $524,895.06 or 78.59 months PITIA exceed the LP approval amount of $0.00. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 61.48% LTV below guideline requirements. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 761 Credit score exceeds guidelines of 620. |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | XXXXXX | WI | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has resided at current residence for 8 years. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co-Borrower has significant time at current job, 14 years and 6 months. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 11 years and 10 months. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 60.73% LTV < max 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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: Co-Borrower has been in the same line of work for 11 years. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers owned departing residence for 7 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 799 credit score exceeds guideline minimum of 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close reserves of $189,880.79 (24.73 months PITI reserves) > min required of 3 months reserves per G/L <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 63.21% LTV < max permitted of 89.99% |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX | XXXXXX | IL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower owned departing residence for 8 years. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been with current employer for 14 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 780 credit score exceeds guideline minimum of 700. |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: The borrower has been in the same profession for 34 years <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: CLTV 55.03%. < than max allowable per guides of 80% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit Score 750. Minimum required 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified Reserves $116,975.36 or 10.79 months PITI. exceeds guideline requirement of $0.00 |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | XXXXXX | NM | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 777 mid score > min required of 700 (2nd home purchase) <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been XXX (XXX) for 25 years. In the industry for 34. <br>CFCFS5269: Minimal use of credit <br>- Clayton Comments: Minimal use of available revolving credit lines @ 5.46% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $219,699.69 (26.03 months PITIA reserves) > min required of 3 months ($8,439.46 x 3 = $25,318.38) |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX | XXXXXX | UT | 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>4.0.<br>Clayton<br>to order<br>Desk<br>Review.<br>(cannot<br>use<br>XXX.<br>Must be<br>a third<br>party<br>CDA). | 9/2/2025:<br>Received<br>AVM<br>supporting<br>value.<br>FSD 4. | 9/2/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has owned departing residence for 10 years and 6 months. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been XXX for 5 years and 6 months. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 786 credit score exceeds guideline minimum of 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close assets of $643,131.23 (91.64 months PITIA reserves) > min required of 3 months per G/L. |

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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 Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX | XXXXXX | MD | 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 25.97% is below Guidelines maximum of 50%. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 64.03% is below Guidelines maximum of 89.99%. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has 7 years and 11 months with current employer. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 741 exceeds Guidelines minimum of 700. |
| &nbsp;&nbsp;&nbsp;268 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has significant time in Profession with 20 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 791 exceeds guidelines with a minimum credit score of 720. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Consumer credit history exceeds guidelines with no late payments within the past 60 months or more. |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B3 has 6 years at current job <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 767 FICO exceeds minimum 700. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower Mortgage payment 0 x 30 x 99 |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | XXXXXX | VA | 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: $397,415.21 (47.4 months PITIA reserves) > min required reserves of 3 months <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 784 mid score > min required of 700 <br>CFCFS5269: Minimal use of credit <br>- Clayton Comments: Low usage of available revolving credit at 1% |
| &nbsp;&nbsp;&nbsp;269 | XXXXXX | XXXXXX | TN | 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<br>Data) | Not<br>Applicable | CFCFS2860: Good credit history <br>- Clayton Comments: Borrowers have no history of derogatory or delinquent payments. <br>CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years <br>- Clayton Comments: Borrower does not have any major mortgage related occurrences during the past two years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Qualifying FICO of 764 exceeds the minimum per guidelines 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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A C | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA—Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the loan<br>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 | Reviewer<br>calculated DTI<br>52.65% vs.<br>Lender 49.86%<br>Variance is due<br>to subject<br>property tax<br>expense. Lender<br>used $1,817.06<br>per month<br>however tax cert<br>located in file<br>reflects annual<br>expense of<br>$27,255.94 or<br>$2,271.33.<br>Variance<br>increases DTI to<br>52.65%. Provide<br>satisfactory<br>documentation<br>to support<br>expense of<br>$1,817.06 used<br>to qualify. If<br>unable to<br>provide<br>validation of tax<br>expense used to<br>qualify updated<br>LP AUS<br>required with<br>updated expense<br>to $2,271.33 per<br>month. If LP<br>AUS re-ran<br>recommendation<br>must remain<br>Streamlined<br>Accept. | 9/9/2025:<br>Received tax<br>calcs to show<br>$1,817.06/mo<br>which<br>includes<br>Homestead<br>Exemption.<br>DTI is<br>49.86%,<br>matching<br>lender. | 9/9/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has 4.58yrs tenure with current employer <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co-Borrower has 9.92yrs with current employer <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 70% LTV below guideline maximum LTV requirements of 89.99% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 779 Median Credit Score exceeds minimum required score of 700 per guidelines. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves of $602,623.96 or 78.19 mths of PITI exceeds guideline requirement of 3 months PITI. |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A C | Credit | DTI | Satisfied C A | CRDDTI187 | Debt Ratio ><br>50% | No | Reviewer<br>calculated DTI<br>52.65% vs.<br>Lender 49.86%<br>Variance is due<br>to subject<br>property tax<br>expense. Lender<br>used $1,817.06<br>per month<br>however tax cert<br>located in file<br>reflects annual<br>expense of<br>$27,255.94 or<br>$2,271.33.<br>Variance<br>increases DTI to<br>52.65%. Provide<br>satisfactory<br>documentation<br>to support<br>expense of<br>$1,817.06 used<br>to qualify. If<br>unable to<br>provide<br>validation of tax<br>expense used to<br>qualify updated<br>LP AUS<br>required with<br>updated expense<br>to $2,271.33 per<br>month. If LP<br>AUS re-ran<br>recommendation<br>must remain<br>Streamlined<br>Accept. | 9/9/2025:<br>Received tax<br>calcs to show<br>$1,817.06/mo<br>which<br>includes<br>Homestead<br>Exemption.<br>DTI is<br>49.86%,<br>matching<br>lender. | 9/9/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has 4.58yrs tenure with current employer <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co-Borrower has 9.92yrs with current employer <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 70% LTV below guideline maximum LTV requirements of 89.99% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 779 Median Credit Score exceeds minimum required score of 700 per guidelines. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves of $602,623.96 or 78.19 mths of PITI exceeds guideline requirement of 3 months PITI. |
| &nbsp;&nbsp;&nbsp;232 | XXXXXX | XXXXXX | KS | 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 <br>- Clayton Comments: Credit score 773. Minimum required 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 80%. Max 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Closing assets $2,596,360.05 or 298.51 months reserves. Required PITI Reserves are $8,591.60x3= $25,774.80 |
| &nbsp;&nbsp;&nbsp;233 | XXXXXX | XXXXXX | FL | 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 payments reporting for the past 10 years or more. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 47% is below guideline requirements with a max LTV of 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 781 exceeds guidelines with a minimum credit score of 700. |
| &nbsp;&nbsp;&nbsp;234 | 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 791 FICO score is above the 700 min. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 34.95% DTI is below the 45% max. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 80% LTV is below the 89.99% max. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrowers $101253.72 in reserves exceeds the required $23182.38. |

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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 Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;235 | XXXXXX | XXXXXX | TN | 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 | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has been at current residence for 6 years. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 63.49% is below the 89.99% LTV maximum per guidelines. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: 0x30 x62 months (consecutive payment histories) <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $243,119.94 (30.22 months PITIA reserves) > min required reserves of 3 months PITIA ($8,045.96 x 3 = $24,137.88) <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 756 mid score > min required of 700 |
| &nbsp;&nbsp;&nbsp;236 | 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 | Affiliate<br>Business<br>Disclosure<br>missing. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 811 median FICO. Minimum required 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Verified 34.67% DTI. Max allowed 50%. |
| &nbsp;&nbsp;&nbsp;237 | 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: FICO score of 762 exceeds minimum requirement of 700 per guidelines. <br>CFCFS2860: Good credit history <br>- Clayton Comments: Borrower have has no late payments or derogatory credit history in the past 24 months from credit report dated 6/20/2025. <br>CFCFS5269: Minimal use of credit <br>- Clayton Comments: Borrowers' revolving credit usage ratio is 10%. |
| &nbsp;&nbsp;&nbsp;238 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in the same line of work for 20 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 754 credit score exceeds guideline minimum of 720. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: 258 months reserves exceed guideline minimum of 3 months. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 75% LTV is below guideline maximum of 89.99%. |
| &nbsp;&nbsp;&nbsp;270 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor | 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 | Provide<br>Affiliate<br>Business<br>Disclosure. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrower credit score of 740 exceeds min score requirement of 740. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Consumer credit show 0x30x82. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in this line of work in the past: 25 years. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been with employer in the past: 10 years. |

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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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;239 | XXXXXX | XXXXXX | MD | 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: 16 Years at current job <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 788 fico, minimum required 700. |
| &nbsp;&nbsp;&nbsp;240 | 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: 804 mid score > min required of 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $153,376.39 (16.84 months PITIA reserves) > min required of 3 months. <br>CFCFS5269: Minimal use of credit <br>- Clayton Comments: Minimal use of available revolving credit @ 2.86%. |
| &nbsp;&nbsp;&nbsp;271 | XXXXXX | XXXXXX | TN | 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 805 is above minimum program requirement of 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 56%, guidelines allow 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves $1,550,972.33 or 245 months PITIA exceeds 3 months x $6,305.80 = $18,917.40 required per guidelines. |
| &nbsp;&nbsp;&nbsp;241 | 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 | 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: Borrower has been at current place of employment for 10 years. <br>CFCFS5269: Minimal use of credit <br>- Clayton Comments: 0% consumer credit utilization in file |
| &nbsp;&nbsp;&nbsp;242 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A C | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA—Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the loan<br>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>documentation<br>to support<br>subject<br>monthly tax<br>expense<br>$3,103.12<br>used to<br>qualify. 2.<br>Missing B1<br>RSU<br>agreement and<br>vesting<br>schedule with<br>total of vested<br>shares<br>distributed in<br>last two years,<br>evidence stock<br>is publicly<br>traded and<br>200 moving<br>day average of<br>stock.<br>Reviewer<br>unable to<br>calculate RSU<br>earnings due<br>to missing<br>documents. | 9/2/2025: Doc<br>received for<br>subject taxes is<br>blank.9/2/2025:<br>Received RSU<br>stock docs.<br>Lender calcs<br>used past two<br>years receipt<br>with 200-day<br>simple stock<br>price. Clayton<br>used what is to<br>be paid next<br>three years based<br>on distributed<br>shares noted.<br>Verified lower<br>income but DTI<br>is still within<br>tolerance and<br><2% lower than<br>lender. Item #2<br>cleared.9/9/2025:<br>Received subject<br>tax bill showing<br>$26,174.84<br>annual. Lender<br>used 1.25% of<br>the purchase<br>price to qualify<br>$37,237.44<br>annual taxes. | 9/2/2025:<br>Exception<br>remains for<br>Item

#1.9/9/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 67.137% below program maximum 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 782 above program requirement 720. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers have 6 years 10 months at current residence. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: B1/B2 have 20 years in same line of work. |

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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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;242 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A C | Credit | Credit/Mtg<br>History | Satisfied C A | CRDCRMH1805 | Debts/<br>obligations not<br>disclosed/<br>accounted for<br>at origination | No | Missing<br>documentation<br>to support<br>subject<br>monthly tax<br>expense<br>$3,103.12<br>used to<br>qualify. | 9/2/2025:<br>Doc<br>received is<br>blank.<br>9/9/2025:<br>Received<br>subject tax<br>bill<br>showing<br>$26,174.84<br>annual.<br>Lender<br>used<br>1.25% of<br>the<br>purchase<br>price to<br>qualify<br>$37,237.44<br>annual<br>taxes. | 9/2/2025:<br>Exception<br>remains.<br>9/9/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 67.137% below program maximum 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 782 above program requirement 720. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers have 6 years 10 months at current residence. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: B1/B2 have 20 years in same line of work. |
| &nbsp;&nbsp;&nbsp;242 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A C | Credit | Income/<br>Employment | Satisfied C A | CRDINC888 | Income<br>Amount is<br>Unsupported<br>by<br>Documentation<br>in File | No | Missing B1<br>RSU<br>agreement and<br>vesting<br>schedule with<br>total of vested<br>shares<br>distributed in<br>last two years,<br>evidence stock<br>is publicly<br>traded and<br>200 moving<br>day average of<br>stock.<br>Reviewer<br>unable to<br>calculate RSU<br>earnings due<br>to missing<br>documents. | 9/2/2025:<br>Received<br>RSU stock<br>docs.<br>Lender<br>calcs used<br>past two<br>years<br>receipt<br>with<br>200-day<br>simple<br>stock<br>price.<br>Clayton<br>used what<br>is to be<br>paid next<br>three years<br>based on<br>distributed<br>shares<br>noted.<br>Verified<br>lower<br>income but<br>DTI is still<br>within<br>tolerance<br>and <2%<br>lower than<br>lender. | 9/2/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 67.137% below program maximum 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 782 above program requirement 720. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers have 6 years 10 months at current residence. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: B1/B2 have 20 years in same line of work. |
| &nbsp;&nbsp;&nbsp;243 | 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 | Provide the<br>required<br>Affiliate<br>Business<br>Disclosure. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence <br>- Clayton Comments: The borrowers have lived at their current residence over 8 years <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score 811. Minimum required 740 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close assets $1,783,166.98 or 95.95 months.. Required PITI Reserves are $18,583.66 x 18 = $334,505.88 |
| &nbsp;&nbsp;&nbsp;272 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | Federal<br>Consumer<br>Protection | Active B | CMPFDCP4569 | NMLS License<br>verification<br>found Loan<br>Originator<br>Name does not<br>match ID but<br>can identify<br>that the LO is<br>the same | No | NMLS shows<br>XXX,<br>application<br>shows XXX. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 757 is 57 points above minimum program requirement of 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80% below guidelines allow 89.99%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing reserves of $776,692.66 or 88.32 months PITIA exceeding the 3 months required of $25,836.66 (3 x $8,612.22). |
| &nbsp;&nbsp;&nbsp;244 | XXXXXX | XXXXXX | DC | 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 36.74% is below Guidelines 50% maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 789 exceeds Guidelines minimum of 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 68.57% is below Guidelines 89.99% maximum. |

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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 Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;245 | XXXXXX | XXXXXX | TN | 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 43.65% is below Guidelines 50% maximum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80% is below Guidelines 89.99% maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 766 is above Guidelines 720 minimum. |
| &nbsp;&nbsp;&nbsp;246 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied A | CMPTRID5293 | TRID Not<br>all<br>required<br>seller-paid<br>fees were<br>disclosed<br>on the CD | No | Realtor<br>Commissions<br>reflected on<br>Seller CD<br>but not in<br>section H of<br>Borrower<br>Final CD. As<br>fees are at<br>least shown<br>this is not a<br>material<br>issue. This<br>exception is<br>informational<br>per Clayton<br>Compliance<br>department<br>and TRID<br>2.0 revisions.<br>Exception<br>satisfied.<br>Final Grade<br>A. (No<br>Data) | Numeric | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 795 FICO score <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves in the amt. of $81,462.18. Reserves required = 3 mos. PITIA $7,835.82 X 3 = $23,507.46 |
| &nbsp;&nbsp;&nbsp;273 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrower has post-closing assets of $281,715.97 or 43.42 months of PITIA. Required reserves $19,462.32. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 751 is 51 points above minimum program requirement of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI 31.27% is below the guideline minimum of 50%. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 80%; guidelines allow 89.99%. |
| &nbsp;&nbsp;&nbsp;247 | 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) | (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 73.80%. Maximum 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified Credit score 712. Minimum required 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $39,274.09 (reduced by open 30-day consumer debt) (6.67 months PITIA reserves) > min required reserves of $17,676.33. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: 0 x 30 x 53 months (consecutive payment histories) |
| &nbsp;&nbsp;&nbsp;248 | 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: Borrower credit score of 800 exceeds min score requirement of 720. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Consumer credit show 0 x 30 x 99. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in this line of work in the past: 13 years. |

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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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;249 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | APR<br>Tolerance | Satisfied C B | CMPAPRT100 | APR—Regular<br>pmt loan; under<br>disclosed APR ><br>0.125% | No | Firing<br>due to<br>Missing<br>page 5<br>of final<br>CD<br>XXX. | 09.03.2025—All<br>pages to Final<br>CD received. | 09.03.2025<br>-Exception<br>satisfied | (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 800 mid score > min required of 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 76.63% Max allowed LTV is 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $374,078.44 (49.76 months PITIA reserves) > min required of 3 months |
| &nbsp;&nbsp;&nbsp;249 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | Finance<br>Charge<br>Tolerance | Satisfied C B | CMPFINT106 | Finance charge<br>understated by<br>more than $100<br>(Pmt Stream) | No | Firing<br>due to<br>Missing<br>page 5<br>of final<br>CD<br>XXX. | 09.03.2025—All<br>pages to Final<br>CD received. | 09.03.2025<br>-Exception<br>satisfied | (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 800 mid score > min required of 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 76.63% Max allowed LTV is 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $374,078.44 (49.76 months PITIA reserves) > min required of 3 months |
| &nbsp;&nbsp;&nbsp;249 | XXXXXX | XXXXXX | VA | 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 | CMPTRID3658 | TRID—Corrected<br>CD should have<br>been provided;<br>APR is greater<br>than APR 3<br>business days<br>prior to closing<br>by more than<br>allowable<br>tolerance | No | Firing<br>due to<br>Missing<br>page 5<br>of final<br>CD<br>XXX. | 09.03.2025—All<br>pages to Final<br>CD received. | 09.03.2025<br>-Exception<br>satisfied | (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 800 mid score > min required of 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 76.63% Max allowed LTV is 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $374,078.44 (49.76 months PITIA reserves) > min required of 3 months |
| &nbsp;&nbsp;&nbsp;249 | XXXXXX | XXXXXX | VA | 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 | CMPTRID3662 | TRID—Corrected<br>CD should have<br>been provided;<br>APR is less than<br>APR three<br>business days<br>prior to closing<br>by more than<br>allowable<br>tolerance | No | Firing<br>due to<br>Missing<br>page 5<br>of final<br>CD<br>XXX. | 09.03.2025—All<br>pages to Final<br>CD received. | 09.03.2025<br>-Exception<br>satisfied | (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 800 mid score > min required of 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 76.63% Max allowed LTV is 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $374,078.44 (49.76 months PITIA reserves) > min required of 3 months |
| &nbsp;&nbsp;&nbsp;249 | XXXXXX | XXXXXX | VA | 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 | CMPTRID4056 | TRID—CD: The<br>Total Payment<br>Amount on the<br>Loan Calculation<br>section of the<br>Final Closing<br>Disclosure is less<br>than the Clayton<br>Calculated Total<br>Payment Amount | No | Firing<br>due to<br>Missing<br>page 5<br>of final<br>CD<br>XXX. | 09.03.2025—All<br>pages to Final<br>CD received. | 09.03.2025<br>-Exception<br>satisifed | Numeric | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 800 mid score > min required of 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 76.63% Max allowed LTV is 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $374,078.44 (49.76 months PITIA reserves) > min required of 3 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 Comments** | **Cure<br>Method** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;249 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Credit | Credit/<br>Mtg<br>History | Active B | CRDCRMH193 | Length of<br>mortgage/<br>rental history<br>in file does<br>not meet<br>guideline<br>requirement | No | Missing<br>satisfactory<br>documentation<br>to confirm<br>current rent<br>payments to<br>reflect<br>minimum of 0<br>x 30 x 12<br>months (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 800 mid score > min required of 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 76.63% Max allowed LTV is 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $374,078.44 (49.76 months PITIA reserves) > min required of 3 months |
| &nbsp;&nbsp;&nbsp;250 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 has 8 years in same line of work. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $92,242.64 or 7.25 months of PITI. DU requires $0. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 788 above program requirement 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 68.28% below program maximum 89.99%. |
| &nbsp;&nbsp;&nbsp;274 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA2698 | RESPA—List<br>of<br>homeowners<br>counseling<br>organizations<br>not in file | No | The List of<br>Homeowners<br>Counseling<br>Organizations<br>is not in the<br>file. Please<br>provide. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close reserves $342,319.37 or 43.35 months of PITIA. Reserves required are 3 months x $7,896.91 PITIA = $23,690.73. <br>CFCFS2860: Good credit history <br>- Clayton Comments: Borrower has over all good payment history. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: FICO score of 751 exceeds minimum per guideline FICO of 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 68.883% is below the maximum of 89.99% per guidelines. |
| &nbsp;&nbsp;&nbsp;251 | 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 Close Assets are $492,924.43 or 40.78 months of PITI.$492,924.43—required reserves $36,265.53 = $456,658.90 remaining <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Max CLTV 89.99%, Current LTV 80% <br>CFCFS2860: Good credit history <br>- Clayton Comments: 0 x 30 in 92 months |
| &nbsp;&nbsp;&nbsp;275 | XXXXXX | XXXXXX | MD | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI 38.79 below 50% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score 795, min is 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 80% max allowed 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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;252 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Mid fico is 788. This is above minimum required. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $56,426.46 in post closing reserves or 8.93 months PITI. Three months reserves required of $18,957.27. |
| &nbsp;&nbsp;&nbsp;253 | XXXXXX | XXXXXX | WI | 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 28.50% is below 50% Guidelines maximum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 76.07% is below Guidelines 89.99% maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 772 exceeds Guidelines minimum of 700. |
| &nbsp;&nbsp;&nbsp;276 | XXXXXX | XXXXXX | MO | 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 796 exceeds guidelines with a minimum credit score of 620. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Consumer credit history exceeds guidelines with no late reporting for the past 120 months or more. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has significant time at current residence with 6 years. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 24.39% is below guideline requirement of 45%. |
| &nbsp;&nbsp;&nbsp;254 | 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 80%. Max 89.99% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit Score 804. Minimum required 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close assets are $89,334.17 or 12.08 months. Required $7,392.34 x 3= $22,177.02 |
| &nbsp;&nbsp;&nbsp;255 | 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 46.51% is below Guidelines 50% maximum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 42.08% is below Guidelines 89.99% maximum. <br>CFCFS5269: Minimal use of credit <br>- Clayton Comments: Credit utilization only 6.84% with minimal use of available credit. |

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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 Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;256 | XXXXXX | XXXXXX | VA | 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 | Provide<br>Required<br>Affiliate<br>Business<br>Disclosure. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co borrower has 7 years at current job. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 796 exceed min score 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 80% is below 89.99% mx requirements. |
| &nbsp;&nbsp;&nbsp;257 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Credit | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied C A | CRDATRQM3124 | TILA—Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; Lender<br>did not<br>provide an<br>ATR/QM<br>status<br>determination. | No | Provide<br>Lender QM<br>Determination. | 9/5/2025: Received Tax<br>bill for an REO XXX.<br>Still need Lender QM<br>determination.9/11/2025:<br>Received Safe Harbor<br>determination. | 9/5/2025:<br>Exception<br>remains.9/11/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Verified 58.14% LTV. Max allowed 89.99%. |

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| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC PMTLT 2025-J3_J16052** |

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**Conditions Report 2.0** 

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| | |
|:---|:---|
| ***Loans in Report:*** | *152* |
| ***Loans with Conditions:*** | *52* |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **TRID<br>Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;258 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;259 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | Yes | XXXXXX | XXXXXX D B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | Yes | XXXXXX | XXXXXX C B A | No |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **TRID<br>Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;260 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;261 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;262 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX | Yes | XXXXXX | XXXXXX C B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;177 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;263 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;264 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **TRID<br>Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX | Yes | XXXXXX | XXXXXX C B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX | Yes | XXXXXX | XXXXXX A | Yes |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;205 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX | Yes | XXXXXX | XXXXXX D B A | No |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | Yes | XXXXXX | XXXXXX D B C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | Yes | XXXXXX | XXXXXX A | Yes |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;265 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;216 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;266 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **TRID<br>Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;267 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;268 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;269 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | Yes | XXXXXX | XXXXXX D A C | No |
| &nbsp;&nbsp;&nbsp;232 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;233 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;234 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;235 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;236 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;237 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;238 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;270 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;239 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;240 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;271 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;241 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;242 | XXXXXX | Yes | XXXXXX | XXXXXX D A C | No |
| &nbsp;&nbsp;&nbsp;243 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;272 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;244 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;245 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;246 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **TRID<br>Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;273 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;247 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;248 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;249 | XXXXXX | Yes | XXXXXX | XXXXXX C B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;250 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;274 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;251 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;275 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;252 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;253 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;276 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;254 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;255 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;256 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;257 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |

---

## Exhibit 99.3

**EXHIBIT 99.3** 

**CLAYTON RATING AGENCY ATR QM DATA FIELDS** 

------

---

| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC PMTLT 2025-J3_J16052** |
| **Rating Agency ATR QM Data Fields** | **Rating Agency ATR QM Data Fields** |
| *Loans in Report:* | *152* |

---

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &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;125 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1040 | XXXXXX | 6.9751 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;258 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1500 | XXXXXX | 6.6842 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 6.8945 | Retired | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1900 | XXXXXX | 6.597 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 795 | XXXXXX | 6.7698 | Employed | (No Data) | Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;259 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1650 | XXXXXX | 6.9025 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1195 | XXXXXX | 6.5098 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1695 | XXXXXX | 6.6701 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1390 | XXXXXX | 6.8934 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 6.8999 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 12875 | XXXXXX | 6.8508 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 15895 | XXXXXX | 6.9806 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 9814 | XXXXXX | 6.9406 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1675 | XXXXXX | 6.6163 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 633.9 | XXXXXX | 6.7376 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 995 | XXXXXX | 6.9808 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 124.37 | XXXXXX | 6.8244 | Employed | Unemployed | Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 7530 | XXXXXX | 7.0805 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1675 | XXXXXX | 6.7552 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1390 | XXXXXX | 6.7241 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 0 | XXXXXX | 6.7545 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 795 | XXXXXX | 7.0199 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 21855 | XXXXXX | 7.4736 | Retired | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 6.9154 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1690 | XXXXXX | 6.9056 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1400 | XXXXXX | 7.637 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 4332.5 | XXXXXX | 6.7788 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1457.5 | XXXXXX | 6.5252 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1585 | XXXXXX | 6.7694 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 22140 | XXXXXX | 6.5661 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 30981.25 | XXXXXX | 8.0039 | Employed | Unemployed | Permanent Resident Alien | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1260.99 | XXXXXX | 6.5911 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1390 | XXXXXX | 6.8224 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1590 | XXXXXX | 6.9636 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1792.12 | XXXXXX | 7.7743 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | Yes | 2145.67 |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1295 | XXXXXX | 6.8813 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2945 | XXXXXX | 6.8919 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 13695 | XXXXXX | 6.9369 | Unemployed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1195 | XXXXXX | 6.5379 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2145 | XXXXXX | 6.6306 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1585 | XXXXXX | 6.8319 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 2130 | XXXXXX | 6.6608 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 3789.58 | XXXXXX | 6.541 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;260 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 5.9722 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;261 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1748 | XXXXXX | 6.9863 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 0 | XXXXXX | 6.8799 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1495 | XXXXXX | 6.7111 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1650 | XXXXXX | 6.9066 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1675 | XXXXXX | 6.511 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 6.7746 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 300 | XXXXXX | 6.7563 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;262 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1900 | XXXXXX | 6.1994 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1479 | XXXXXX | 7.9765 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 16914.5 | XXXXXX | 6.1026 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 6.5075 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1399 | XXXXXX | 6.7629 | Employed | (No Data) | Non-Permanent Resident Alien (No Data) |  | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1490 | XXXXXX | 6.5198 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;177 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1990 | XXXXXX | 6.9516 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1450 | XXXXXX | 6.5124 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 0 | XXXXXX | 6.625 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;263 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 9961.55 | XXXXXX | 6.8564 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1590 | XXXXXX | 6.8088 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 17127.2 | XXXXXX | 6.5529 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 10490 | XXXXXX | 6.9405 | Employed | Employed | Permanent Resident Alien | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;264 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 6191.9 | XXXXXX | 6.3848 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 14055 | XXXXXX | 6.6185 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1515 | XXXXXX | 7.264 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1690 | XXXXXX | 6.763 | Retired | Retired | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 11585 | XXXXXX | 7.0553 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1395 | XXXXXX | 6.5162 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.7481 | Employed | Employed | Non-Permanent Resident Alien | Non-Permanent Resident Alien (No Data) |  | No | 0 |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1570 | XXXXXX | 6.6731 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2171.51 | XXXXXX | 6.6565 | Employed | Employed | Permanent Resident Alien | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 12841.08 | XXXXXX | 6.5984 | Retired | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.6521 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |

---

------

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &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;193 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 6497 | XXXXXX | 5.5778 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 3032.5 | XXXXXX | 6.5355 | Employed | (No Data) | Non-Permanent Resident Alien (No Data) |  | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1740 | XXXXXX | 6.404 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1490 | XXXXXX | 6.649 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 19182 | XXXXXX | 6.441 | Employed | (No Data) | Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 10314.72 | XXXXXX | 6.9961 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1695 | XXXXXX | 6.6735 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1465 | XXXXXX | 6.7593 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.7392 | Unemployed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 6.4079 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 4845 | XXXXXX | 6.9158 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1745 | XXXXXX | 6.8898 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;205 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1590 | XXXXXX | 6.8106 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 5975.7 | XXXXXX | 6.6494 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2045 | XXXXXX | 6.8034 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 13457.95 | XXXXXX | 6.4593 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1650 | XXXXXX | 6.8044 | Retired | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 28795 | XXXXXX | 6.6012 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2395 | XXXXXX | 6.9349 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1051.6 | XXXXXX | 6.6317 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;265 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1852.5 | XXXXXX | 6.8143 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 25169.75 | XXXXXX | 6.5859 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1594.33 | XXXXXX | 6.5244 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1577.5 | XXXXXX | 6.5259 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;216 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.3894 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;266 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1195 | XXXXXX | 6.3935 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 9922 | XXXXXX | 6.4586 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1735 | XXXXXX | 5.1172 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 0 | XXXXXX | 6.75 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;267 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 6990 | XXXXXX | 6.8248 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1670 | XXXXXX | 6.6695 | Retired | (No Data) | Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1539 | XXXXXX | 6.7688 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1497 | XXXXXX | 6.7768 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 820 | XXXXXX | 6.7657 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1390 | XXXXXX | 6.9233 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2690 | XXXXXX | 6.1531 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | Yes | 0 |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 11265 | XXXXXX | 6.6079 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 11188 | XXXXXX | 6.4816 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1210.4 | XXXXXX | 6.2736 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;268 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 6.3854 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1050 | XXXXXX | 6.8981 | Unemployed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1600 | XXXXXX | 6.5998 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;269 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1950 | XXXXXX | 7.4034 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1995 | XXXXXX | 6.8651 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;232 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1295 | XXXXXX | 6.3917 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;233 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1175 | XXXXXX | 6.5105 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;234 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 5195 | XXXXXX | 6.4597 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;235 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1095 | XXXXXX | 6.0184 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;236 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1195 | XXXXXX | 6.2685 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;237 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1595 | XXXXXX | 7.0336 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;238 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1673.62 | XXXXXX | 6.7643 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;270 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1585 | XXXXXX | 7.3827 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;239 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 6330 | XXXXXX | 6.556 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;240 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1490 | XXXXXX | 6.3938 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;271 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1195 | XXXXXX | 6.7702 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;241 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 8230 | XXXXXX | 6.5811 | Employed | (No Data) | Non-Permanent Resident Alien (No Data) |  | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;242 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1995 | XXXXXX | 6.5447 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;243 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1670 | XXXXXX | 6.6439 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;272 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 8145 | XXXXXX | 6.5754 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;244 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1760 | XXXXXX | 6.3453 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;245 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1695 | XXXXXX | 6.792 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;246 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 6365 | XXXXXX | 6.4825 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;273 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 100 | XXXXXX | 5.1708 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;247 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 6.3933 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;248 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1050 | XXXXXX | 6.5212 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;249 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 14115 | XXXXXX | 6.3927 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;250 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 6.6477 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;274 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 21420 | XXXXXX | 6.5062 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;251 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 16877.39 | XXXXXX | 6.9146 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;275 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1555 | XXXXXX | 6.7713 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;252 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 18050.09 | XXXXXX | 6.754 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;253 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 3093 | XXXXXX | 6.7756 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;276 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1830 | XXXXXX | 6.3869 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;254 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1970 | XXXXXX | 7.0591 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;255 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1695 | XXXXXX | 6.9389 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;256 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1585 | XXXXXX | 6.771 | Employed | Employed | U.S. Citizen | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;257 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2230 | XXXXXX | 6.393 | Employed | (No Data) | Non-Permanent Resident Alien (No Data) |  | (No Data) | No | 0 |

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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 99.4

**EXHIBIT 99.4** 

**CLAYTON LOAN LEVEL TAPE COMPARE UPLOAD** 

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| | |
|:---|:---|
| **Client Name:** | PennyMac |
| **Client Project Name:** | PNMAC PMTLT 2025-J3_J16052 |

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**Loan Level Tape Compare Upload** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Borrower<br>Last Name** | **Field Name** | **Tape Data** | **Reviewer Data** |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | XXXXXX | Cash Reserves | 663730.90 | 59240.81 |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | XXXXXX | Borrower 1 Total Income | 11899.33 | 18979.57 |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | XXXXXX | Cash Reserves | 321755.55 | 88018.89 |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 49.6630 | 36.4636 |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | XXXXXX | Total Monthly Income | 21544.00 | 28623.84 |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | XXXXXX | Cash Reserves | 418734.00 | 128303.25 |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1025 Multi-Fam (Mar 05) |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | XXXXXX | Cash Reserves | 461615.96 | 261270.97 |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | XXXXXX | Cash Reserves | 505819.87 | 145070.89 |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | XXXXXX | Cash Reserves | 467846.00 | 65248.29 |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | XXXXXX | Cash Reserves | 1016192.14 | 716690.52 |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | XXXXXX | Cash Reserves | 378666.96 | 73712.40 |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | XXXXXX | Borrower 2 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | XXXXXX | Cash Reserves | 649085.67 | 423744.13 |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX | XXXXXX | Cash Reserves | 613628.53 | 255379.44 |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | XXXXXX | Cash Reserves | 375684.14 | 136144.93 |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | XXXXXX | Cash Reserves | 879390.16 | 439607.89 |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | XXXXXX | Cash Reserves | 830784.00 | 525383.22 |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | Cash Reserves | 793156.54 | 496934.42 |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | XXXXXX | Cash Reserves | 414687.19 | 107529.16 |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | XXXXXX | Cash Reserves | 697497.78 | 126577.34 |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | XXXXXX | Cash Reserves | 886332.95 | 283886.88 |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | XXXXXX | Cash Reserves | 1023695.21 | 348446.89 |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | XXXXXX | Cash Reserves | 253800.59 | 138888.74 |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | XXXXXX | Cash Reserves | 419209.00 | 139911.89 |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | XXXXXX | Loan Purpose | Cashout Refi | Rate and Term Refi |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | XXXXXX | Borrower 1 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | XXXXXX | Borrower 1 Total Income | 77916.18 | 0.00 |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | XXXXXX | Loan Purpose | Cashout Refi | Rate and Term Refi |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX | XXXXXX | Cash Reserves | 618335.18 | 320542.36 |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | XXXXXX | Cash Reserves | 412578.41 | 210861.21 |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | XXXXXX | Cash Reserves | 693924.96 | 218130.07 |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX | XXXXXX | Cash Reserves | 447709.69 | 185226.39 |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | XXXXXX | Cash Reserves | 1003569.38 | 285216.54 |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX | XXXXXX | Loan Purpose | Cashout Refi | Rate and Term Refi |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | Cash Reserves | 130343.93 | 50776.07 |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | Cash Reserves | 525349.51 | 233443.06 |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | Cash Reserves | 598262.57 | 339172.11 |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | Cash Reserves | 340783.00 | 91128.24 |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | Cash Reserves | 484526.49 | 57805.70 |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1025 Multi-Fam (Mar 05) |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | Cash Reserves | 541366.55 | 196492.48 |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX | Loan Purpose | Cashout Refi | Rate and Term Refi |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX | Cash Reserves | 422174.00 | 42756.71 |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX | Cash Reserves | 1023633.05 | 676556.46 |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX | Original Appraisal Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | Cash Reserves | 525212.93 | 259958.18 |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | Original Appraisal Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | Cash Reserves | 432364.30 | 69383.45 |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | Disbursement Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Cash Reserves | 581032.37 | 289373.38 |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX | Cash Reserves | 505498.11 | 147348.32 |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | Loan Purpose | Cashout Refi | Rate and Term Refi |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | Cash Reserves | 723492.19 | 226130.35 |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | Cash Reserves | 399680.05 | 140199.41 |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX | Cash Reserves | 619580.14 | 363083.18 |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX | Sales Price | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX | Cash Reserves | 343825.54 | 135749.66 |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX | Cash Reserves | 950138.31 | 296510.28 |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX | Cash Reserves | 1260083.43 | 713222.80 |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX | Borrower 1 Total Income | 20166.81 | 31279.68 |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX | Cash Reserves | 1169155.92 | 487859.24 |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX | Debt to Income Ratio (Back) | 39.0200 | 27.5038 |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX | Total Monthly Income | 58165.00 | 82297.17 |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX | Cash Reserves | 580634.79 | 368633.37 |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX | Cash Reserves | 839694.02 | 283344.97 |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX | Borrower 2 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX | Cash Reserves | 425973.75 | 28873.18 |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX | Cash Reserves | 562788.99 | 373083.25 |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX | Cash Reserves | 886618.94 | 345155.78 |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX | Cash Reserves | 3851966.76 | 1385921.72 |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX | Cash Reserves | 1777728.99 | 51575.73 |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | Cash Reserves | 1144238.82 | 455849.42 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;204 | XXXXXX | Cash Reserves | 663100.47 | 264279.30 |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX | Debt to Income Ratio (Back) | 36.7590 | 31.0001 |
| &nbsp;&nbsp;&nbsp;205 | XXXXXX | Cash Reserves | 978964.23 | 147621.26 |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX | Cash Reserves | 1256186.86 | 817556.06 |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX | Cash Reserves | 969293.01 | 448536.33 |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX | Disbursement Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | Cash Reserves | 2530000.00 | 693643.76 |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | Loan Purpose | Cashout Refi | Construction/Perm |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX | Cash Reserves | 1363041.71 | 387302.65 |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX | Property City | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX | Original Appraisal Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX | Cash Reserves | 937698.48 | 322246.08 |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | AUS Grade Audit | Approve/Eligible DU/DO AUS Only | Approve/Ineligible DU/DO AUS Only |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | Cash Reserves | 531390.94 | 258372.40 |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | Borrower 1 Total Income | 16323.35 | 1810.65 |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | Cash Reserves | 892652.35 | 239360.11 |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | Debt to Income Ratio (Back) | 49.2060 | 43.7579 |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | Cash Reserves | 44499.06 | 29499.06 |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX | Cash Reserves | 723319.82 | 189880.79 |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX | Cash Reserves | 664783.10 | 81484.46 |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX | Cash Reserves | 1156303.36 | 116975.36 |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | Borrower 1 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | Cash Reserves | 439830.00 | 219699.69 |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX | Cash Reserves | 643156.23 | 162955.78 |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX | Cash Reserves | 520536.81 | 32686.55 |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX | Cash Reserves | 1955012.23 | 1259369.00 |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX | Original LTV | 57.90 | 57.89 |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | Cash Reserves | 721651.01 | 397415.21 |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | Cash Reserves | 814465.57 | 602623.96 |
| &nbsp;&nbsp;&nbsp;233 | XXXXXX | Cash Reserves | 6074463.19 | 4351280.04 |
| &nbsp;&nbsp;&nbsp;235 | XXXXXX | Cash Reserves | 613534.89 | 243119.94 |
| &nbsp;&nbsp;&nbsp;236 | XXXXXX | Cash Reserves | 1934838.50 | 1436030.12 |
| &nbsp;&nbsp;&nbsp;240 | XXXXXX | Cash Reserves | 487362.48 | 153376.39 |
| &nbsp;&nbsp;&nbsp;242 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;242 | XXXXXX | Cash Reserves | 1875012.50 | 1049667.03 |
| &nbsp;&nbsp;&nbsp;243 | XXXXXX | Borrower 2 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;243 | XXXXXX | Cash Reserves | 2481712.12 | 1783166.98 |
| &nbsp;&nbsp;&nbsp;244 | XXXXXX | Cash Reserves | 690590.74 | 82797.71 |
| &nbsp;&nbsp;&nbsp;244 | XXXXXX | Property Type | Rowhouse | SFR-Attached |
| &nbsp;&nbsp;&nbsp;247 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;247 | XXXXXX | Cash Reserves | 340275.53 | 39274.09 |
| &nbsp;&nbsp;&nbsp;249 | XXXXXX | Cash Reserves | 713918.90 | 374078.44 |
| &nbsp;&nbsp;&nbsp;250 | XXXXXX | Cash Reserves | 386759.35 | 92242.64 |
| &nbsp;&nbsp;&nbsp;250 | XXXXXX | Loan Purpose | Cashout Refi | Construction/Perm |
| &nbsp;&nbsp;&nbsp;251 | XXXXXX | Cash Reserves | 1014268.00 | 492924.43 |
| &nbsp;&nbsp;&nbsp;253 | XXXXXX | Cash Reserves | 97970.02 | 48262.89 |
| &nbsp;&nbsp;&nbsp;253 | XXXXXX | Loan Purpose | Cashout Refi | Rate and Term Refi |
| &nbsp;&nbsp;&nbsp;254 | XXXXXX | Cash Reserves | 300683.22 | 89334.17 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;255 | XXXXXX | Cash Reserves | 3361611.21 | 1364813.36 |
| &nbsp;&nbsp;&nbsp;257 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;257 | XXXXXX | Cash Reserves | 1143114.77 | 237394.75 |
| &nbsp;&nbsp;&nbsp;258 | XXXXXX | Cash Reserves | 554528.31 | 374772.31 |
| &nbsp;&nbsp;&nbsp;259 | XXXXXX | Cash Reserves | 702703.23 | 262741.06 |
| &nbsp;&nbsp;&nbsp;259 | XXXXXX | Original LTV | 70.84 | 70.85 |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | Cash Reserves | 338164.69 | 183621.49 |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | Cash Reserves | 340510.78 | 87243.37 |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | Cash Reserves | 903595.09 | 522207.91 |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX | Cash Reserves | 779450.08 | 493803.84 |
| &nbsp;&nbsp;&nbsp;260 | XXXXXX | Cash Reserves | 727368.54 | 295022.69 |
| &nbsp;&nbsp;&nbsp;262 | XXXXXX | Loan Purpose | Cashout Refi | Rate and Term Refi |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | Cash Reserves | 287313.37 | 79294.59 |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | Credit Report Date | 05/29/2025 | 06/10/2025 |
| &nbsp;&nbsp;&nbsp;177 | XXXXXX | Cash Reserves | 732944.41 | 404965.34 |
| &nbsp;&nbsp;&nbsp;263 | XXXXXX | Cash Reserves | 1086254.98 | 303050.14 |
| &nbsp;&nbsp;&nbsp;264 | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | Cash Reserves | 427974.45 | 85973.19 |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | Debt to Income Ratio (Back) | 41.8160 | 34.3860 |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | Property Type | Rowhouse | SFR-Attached |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX | Borrower 2 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX | Cash Reserves | 816009.52 | 305772.42 |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX | Debt to Income Ratio (Back) | 41.6100 | 34.9463 |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX | Cash Reserves | 1868833.38 | 1015880.10 |
| &nbsp;&nbsp;&nbsp;265 | XXXXXX | Cash Reserves | 410682.55 | 162137.03 |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX | Cash Reserves | 2819194.32 | 469450.55 |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX | Cash Reserves | 540581.85 | 130671.92 |
| &nbsp;&nbsp;&nbsp;216 | XXXXXX | Borrower 1 Total Income | 5616.34 | 7448.46 |
| &nbsp;&nbsp;&nbsp;216 | XXXXXX | Cash Reserves | 685466.27 | 110624.35 |
| &nbsp;&nbsp;&nbsp;266 | XXXXXX | Cash Reserves | 487793.36 | 117352.59 |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX | Cash Reserves | 330631.72 | 120104.38 |
| &nbsp;&nbsp;&nbsp;267 | XXXXXX | Cash Reserves | 777347.86 | 258220.89 |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX | Cash Reserves | 1973707.76 | 524895.06 |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;268 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;268 | XXXXXX | Cash Reserves | 261272.86 | 45317.91 |
| &nbsp;&nbsp;&nbsp;269 | XXXXXX | Cash Reserves | 282244.41 | 63396.08 |
| &nbsp;&nbsp;&nbsp;269 | XXXXXX | Credit Report Date | 04/16/2025 | 07/15/2025 |
| &nbsp;&nbsp;&nbsp;234 | XXXXXX | Cash Reserves | 372642.00 | 101253.72 |
| &nbsp;&nbsp;&nbsp;234 | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;237 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;237 | XXXXXX | Cash Reserves | 820913.01 | 159711.27 |
| &nbsp;&nbsp;&nbsp;238 | XXXXXX | Borrower 1 Total Income | 45416.66 | 9166.66 |
| &nbsp;&nbsp;&nbsp;238 | XXXXXX | Cash Reserves | 1317880.21 | 3946957.38 |
| &nbsp;&nbsp;&nbsp;270 | XXXXXX | Loan Purpose | Cashout Refi | Rate and Term Refi |
| &nbsp;&nbsp;&nbsp;239 | XXXXXX | Cash Reserves | 575135.09 | 145182.00 |
| &nbsp;&nbsp;&nbsp;271 | XXXXXX | Borrower 1 Total Income | 14384.02 | 8878.62 |
| &nbsp;&nbsp;&nbsp;241 | XXXXXX | Cash Reserves | 257239.37 | 53714.85 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;241 | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;272 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;272 | XXXXXX | Cash Reserves | 1094037.46 | 760650.97 |
| &nbsp;&nbsp;&nbsp;245 | XXXXXX | Cash Reserves | 683180.32 | 273245.64 |
| &nbsp;&nbsp;&nbsp;246 | XXXXXX | Cash Reserves | 335152.87 | 81462.18 |
| &nbsp;&nbsp;&nbsp;246 | XXXXXX | Disbursement Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;246 | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;246 | XXXXXX | Property Type | Detached PUD | Attached PUD |
| &nbsp;&nbsp;&nbsp;273 | XXXXXX | Cash Reserves | 496481.73 | 281715.97 |
| &nbsp;&nbsp;&nbsp;248 | XXXXXX | Borrower 1 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;248 | XXXXXX | Borrower 1 Total Income | 12001.70 | 15821.12 |
| &nbsp;&nbsp;&nbsp;248 | XXXXXX | Cash Reserves | 1990211.56 | 402280.44 |
| &nbsp;&nbsp;&nbsp;248 | XXXXXX | Combined LTV | 64.97 | 64.64 |
| &nbsp;&nbsp;&nbsp;248 | XXXXXX | Original LTV | 64.97 | 64.64 |
| &nbsp;&nbsp;&nbsp;248 | XXXXXX | Sales Price | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;274 | XXXXXX | Cash Reserves | 817312.16 | 342319.37 |
| &nbsp;&nbsp;&nbsp;275 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;275 | XXXXXX | Cash Reserves | 628278.96 | 342285.32 |
| &nbsp;&nbsp;&nbsp;275 | XXXXXX | Property Type | Detached PUD | Attached PUD |
| &nbsp;&nbsp;&nbsp;252 | XXXXXX | Cash Reserves | 268510.21 | 56426.46 |
| &nbsp;&nbsp;&nbsp;252 | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;276 | XXXXXX | Cash Reserves | 447328.55 | 58782.58 |

---

## Exhibit 99.5

**EXHIBIT 99.5** 

**CLAYTON VALUATIONS SUMMARY** 

------

---

| | |
|:---|:---|
| **Client Name:** | PennyMac |
| **Client Project Name:** | PNMAC PMTLT 2025-J3_J16052 |
| **Valuations Summary** |  |
| *Loans in Report:* | *152* |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **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 -<br>Valuation<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **CU / LCA<br>Score** | **Valuation<br>Comments** |
| &nbsp;&nbsp;&nbsp;&nbsp; 125 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 258 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 126 | 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% | 4.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 127 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 128 | 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% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 259 | 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% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 129 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1025<br>Multi-Fam<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; 130 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 131 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | -0.71% | Clear<br>Capital | 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% | 2.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 132 | 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% | 4.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 133 | 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% | 3.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 134 | 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% | 4.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 135 | 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% | 2.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 136 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 137 | 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% | 2.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 138 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 139 | 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; 140 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 141 | 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% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 142 | 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% | 999 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 143 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 144 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 145 | 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% | 3.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 146 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | -0.47% | Clear<br>Capital | 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% | 4.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 147 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.52% | Clear<br>Capital | 6.000 | 94.00 | 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% | 2.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 148 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 149 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | -2.70% | Clear<br>Capital | 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% | 3.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 150 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.68% | Clear<br>Capital | 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% | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 151 | 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% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 152 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 153 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 154 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 155 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 156 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073<br>Condo<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% | 2.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 157 | 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; 158 | 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% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 159 | 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% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 160 | 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; 161 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | -0.12% | Clear<br>Capital | 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 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 162 | 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% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 163 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.6 |  |

---

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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 -<br>Valuation<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **CU / LCA<br>Score** | **Valuation<br>Comments** |
| &nbsp;&nbsp;&nbsp;&nbsp; 164 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 165 | 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; 260 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 261 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 166 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 167 | 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 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 168 | 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; 169 | 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% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 170 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 171 | 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; 262 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 172 | 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% | 4.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 173 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 174 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1025<br>Multi-Fam<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; 175 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 176 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 177 | 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% | 3.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 178 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% | 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% | 3.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 179 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 263 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | -1.00% | Other | 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% | 1.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 180 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 181 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 182 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 264 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073<br>Condo<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; 183 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 184 | 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; 185 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 2.31% | 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 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 186 | 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 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 187 | 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; 188 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 189 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073<br>Condo<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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 190 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 191 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 192 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -0.67% | Clear<br>Capital | 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% | 3.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 193 | 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% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 194 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073<br>Condo<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% | 2.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 195 | 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% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 196 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 197 | 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; 198 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 199 | 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% | 2.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 200 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 201 | 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% | 2.6 |  |

---

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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 -<br>Valuation<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **CU / LCA<br>Score** | **Valuation<br>Comments** |
| &nbsp;&nbsp;&nbsp;&nbsp; 202 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 203 | 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% | 2.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 204 | 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% | 2.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 205 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 206 | 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% | 1.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 207 | 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% | 1.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 208 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.75% | Clear<br>Capital | 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 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 209 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 210 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 0.86% | 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% | 4.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 211 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 212 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 0.45% | 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 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 265 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 213 | 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% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 214 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 215 | 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 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 216 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 266 | 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; 217 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 218 | 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% | 1.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 219 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 267 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 220 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -1.74% | Clear<br>Capital | 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 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 221 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073<br>Condo<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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 222 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | 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% | 3.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 224 | 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% | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 225 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 226 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 227 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -2.64% | Clear<br>Capital | 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 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 228 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 268 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 229 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 230 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% | Drive By |  | $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; 269 | 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; 231 | 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% | 1.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 232 | 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% | 3.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 233 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 234 | 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% | 1.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 235 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 236 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 237 | 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% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 238 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | 1.23% | Clear<br>Capital | 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% | 4 |  |

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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 -<br>Valuation<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **CU / LCA<br>Score** | **Valuation<br>Comments** |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 21.21% | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 239 | 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 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 240 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 271 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 241 | 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 | -3.70% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 242 | 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; 243 | 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; 272 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 244 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 245 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 246 | 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% | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 273 | 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% | 2.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 247 | 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% | 2.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 248 | 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 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 249 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 250 | 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; 274 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 251 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 275 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 252 | 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 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 253 | 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% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | 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 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 254 | 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; 255 | 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% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 256 | 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; 257 | 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% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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 |  |

---

## Exhibit 99.6

**EXHIBIT 99.6** 

**AMC DILIGENCE, LLC ("AMC") DUE DILIGENCE EXECUTIVE SUMMARY** 

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![LOGO](g36959g12c39.jpg)

**EXECUTIVE SUMMARY** 

**DESCRIPTION OF SERVICES** 

**(1) Type of assets that were reviewed.** 

AMC Diligence, LLC ("AMC") performed the due diligence services described below (the "Review") on residential mortgage loans originated by multiple correspondent lenders and acquired from various parties by PennyMac Corp. (the "Client"). AMC performed the Review either (i) directly for Client on mortgage loan files provided by Client to AMC, or (ii) for third parties on mortgage loan files provided by such parties to AMC with results of such Review conveyed to the Client via Reliance Letter. The Review (including the Review related to Reliance Letter loans) was conducted from December 2024 through September 2025 on mortgage loans with origination dates from November 2024 through September 2025.

**(2) Sample size of the assets reviewed.** 

The Review was conducted on one hundred twenty-three (123) mortgage loans with an aggregate original principal balance of approximately $149.891 million. .

**(3) Determination of the sample size and computation.** 

AMC is not aware of the overall sample size for the securitization as the Review only covered the portion of the loans in the securitization reviewed by AMC.

**(4) Quality or integrity of information or data about the assets: review and methodology.** 

AMC compared data fields on the bid tape provided by Client to the data found in the actual file as captured by AMC. This comparison, when data was available, included the following data fields:

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;# of Units | Borrower Mailing State | Coborrower Last Name | Has FTHB | Origination Channel |
| &nbsp;&nbsp;&nbsp;Amortization Term | Borrower Mailing Street | Coborrower Mailing City | Investor: Qualifying Total Debt Ratio | Originator Application Date |
| &nbsp;&nbsp;&nbsp;Amortization Type | Borrower Mailing Zip | Coborrower Mailing State | Lien Position | Originator Loan Designation |
| &nbsp;&nbsp;&nbsp;Appraisal Date | Borrower Middle Name | Coborrower Mailing Street | LTV Valuation Value | Prepayment Penalty |
| &nbsp;&nbsp;&nbsp;Appraisal Effective Date | Borrower Self-Employed? | Coborrower Mailing Zip | MERS Min Number | Property Type |
| &nbsp;&nbsp;&nbsp;Appraised Value | Borrower SSN | Coborrower Middle Name | Note Date | Purpose |
| &nbsp;&nbsp;&nbsp;Borrower Birth Date | Buydown | Coborrower Self-Employed? | Occupancy | Refi Purpose |
| &nbsp;&nbsp;&nbsp;Borrower Citizenship | City | Coborrower SSN | Original CLTV | Representative FICO |
| &nbsp;&nbsp;&nbsp;Borrower First Name | Coborrower Birth Date | Contract Sales Price | Original Interest Rate | State |
| &nbsp;&nbsp;&nbsp;Borrower FTHB | Coborrower Citizenship | Creditor Application Date | Original Loan Amount | Street |
| &nbsp;&nbsp;&nbsp;Borrower Last Name | Coborrower First Name | Escrow Account | Original LTV | Zip |
| &nbsp;&nbsp;&nbsp;Borrower Mailing City | Coborrower FTHB | First Payment Date | Original Term |  |

---

Additionally, AMC verified (i) listed borrowers signed documents requiring signature, (ii) borrowers signing documents were eighteen (18) years or older at the time of the mortgage loan origination, (iii) that all riders required by the terms of the mortgage and mortgage note were attached to the respective document, (iv) that social security numbers across documents were consistent, and (v) debt-to-income ratio ("DTI(s)"), and/or loan-to-value ratios ("LTV(s)") used in the assessment of conformity guidelines.

1 \| P a g e

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**(5) Origination of the assets and conformity to stated underwriting or credit extension guidelines, standards, criteria or other requirements: review and methodology.** 

AMC reviewed asset origination documentation to determine conformity to the stated underwriting or credit extension guidelines, standards, criteria or other requirements, including, as applicable, the Ability to Repay and Qualified Mortgage requirements described below, that were provided to AMC and/or as directed by Client. When applicable, a review of the mortgage loan file to the Automated Underwriting System output within the file was also performed.

AMC reviewed asset origination documentation to determine conformity to the stated underwriting or credit extension guidelines, standards, criteria or other requirements, including, as applicable, the Ability to Repay and Qualified Mortgage requirements described below, that were provided to AMC. When applicable, a review of the mortgage loan file to the Automated Underwriting System output within the mortgage loan file was also performed.

**Credit Application:** For the Credit Application, AMC verified that the application: (i) was signed by all listed borrowers, (ii) was substantially filled out, (iii) contained all known borrower-owned properties on the Real Estate Owned section 2, and (iv) included the borrower's employment history.

**Credit Report:** AMC's review included confirming that a credit report, that met guideline requirements, was present for each borrower and that such borrower's credit profile adhered to guidelines. In order to make this determination, AMC: (i) captured the monthly consumer debt payments for use in relevant calculations, (ii) noted and researched the Real Estate Owned and fraud alerts, (iii) gathered liabilities listed on the credit report to be included in the debt to income ratio as appropriate, and (iv) gathered data required for the ASF tape submission including (a) the most recent FICO (scores from Equifax, Experian, and Transunion if available), (b) the most recent FICO date, (c) the longest trade line, (d) the maximum trade line, (e) the number of trade lines, and (f) the credit usage ratio.

**Employment and Income:** AMC determined whether applicable supporting employment and income documentation required by the guidelines, and as applicable Appendix Q or ATR, was present in the mortgage loan file and where possible, wasn't fraudulent. This documentation was used to verify whether the income used to qualify the mortgage loan was calculated in accordance with guidelines and may have included items such as: (i) verbal or written verification of employment, (ii) pay stubs, (iii) W-2 forms, (iv) tax returns, (v) financial statements, and (vi) IRS tax transcripts.

**Asset Review:** AMC assessed whether the asset documentation required by the guidelines, and as applicable, Appendix Q or ATR, was present in the mortgage loan file. Utilizing this documentation, AMC completed a review of the reserve calculation and any large deposits. Documentation verifying assets for down payment, closing costs, prepaid items and reserves may have included: (i) verification-of-deposit ("VOD(s)"), (ii) depository account statements, (iii) stock or security account statements, (iv) gift funds, (v) escrow or earnest money deposits, and (vi) settlement statements or other evidence of conveyance and transfer of funds (if a sale of assets was involved).

**Hazard/Flood Insurance/Taxes:** A review of the insurance present on the mortgage loan was also performed by AMC. During the course of this review, AMC (i) verified that the hazard insurance met the minimum required amount of coverage in the guidelines, (ii) confirmed that the mortgage clause listed the lender's name and "its successors and assigns,", (iii) confirmed that the premium amount on both the hazard and flood insurance matched what was used in the debt-to-income ("DTI") calculations, (iv) reviewed the tax certificate to verify and compare monthly escrows used to calculate DTI matched and that taxes were current, (v) confirmed that the flood certification was for the correct borrower, property, lender and mortgage loan number and was a "Life of Loan" certification, and (vi) completed other property specific items including (a) for condominium properties, confirming that the blanket policy met the minimum amount of coverage in the guidelines and (b) for properties in a flood zone per the flood certification, confirming that flood insurance met guideline requirements and met the minimum required amount of coverage in the guidelines.

**DU/LP Review:** When provided and appropriate, AMC verified that DU findings included an approved/ineligible decision where required by the guidelines. However, all mortgage loans are manually underwritten with documentation requirements determined by the guidelines and not AUS findings.

**Occupancy Review:** AMC confirmed the property occupancy is consistent with the mortgage loan approval and borrowers' application disclosure based solely on information contained in the mortgage loan file and any fraud report obtained in connection with the mortgage loan.

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**Guideline Review:** During the course of the review, AMC confirmed the mortgage loan was originated in accordance with required guidelines by reviewing conformity of mortgage loan, transaction type, and borrower characteristics to stated guidelines. Mortgage characteristics examined included (i) DTI of the borrower, (ii) the LTV/TLTV/HTLTV, (iii) the credit score for each borrower, (iv) asset reserves of the borrower, (v) property type, (vi) property usage, and (vii) other property specific items including (a) for condominium or cooperative properties, assessing whether the condominium or cooperative project adheres to required guidelines.

**Fraud Review:** AMC reviewed fraud report results in each mortgage loan file, to the extent present, in conjunction with source documents found in the mortgage loan file to assess the likelihood of any misrepresentations associated with the origination of the mortgage loan. If the mortgage loan file did not contain a fraud report and the counterparty did not produce one, AMC conditioned the mortgage loan for the missing fraud report product.

If a report was present, AMC reviewed the report for (i) any name variations for the borrowers, (ii) any social security number variations for the borrowers, (iii) any potential occupancy issues based on the borrower's address history, (iv) any noted employment issues, and (v) any additional consumers associated with the borrower's profile. If any findings were noted, AMC confirmed that such findings and/or variations were addressed by the originator in the origination of the asset or that such red flag issues were fully addressed via mortgage loan documentation provided.

**Title Review:** AMC's review included a verification of whether the appropriate vestee was on the title documentation (if a purchase, the seller; if a refinance, the borrower) and that the title commitment addressed issues such as assessments; covenants, conditions and restrictions; access problems; vicinity of property to military airports; prior leases; court orders/divorce decrees; public probate issues; foreclosures; bankruptcies; judgment liens; state and federal tax liens; environmental liens, and oil/gas leases.

**Additional Review of Mortgage Loan File:** AMC also reviewed the closing documents to ensure that the mortgage loan file information is complete, accurate, and contains consistent documentation. Included in the portion of the review are items such as reviewing for (i) evidence of primary mortgage insurance, (ii) if the property is located in an area(s) listed as a FEMA disaster zone post origination, (iii) the presence of loan modification documents, and (iv) general conformity to Fannie Mae or Freddie Mac approved formats at the time of origination.

If standard GSE forms were not used for the mortgage loan, AMC sought to confirm the existence of: (i) a "due on sale" clause, (ii) mortgagor's requirement to maintain adequate insurance at the mortgagor's own expense, and (iii) the holder's right to foreclose and to confirm that any homestead exemption has been waived as required by applicable law within the forms utilized.

**(6) Value of collateral securing the assets: review and methodology.** 

AMC's review included a review of the valuation materials utilized during the origination of the loan and in confirming the value of the underlying property. AMC's review included verifying the appraisal report was (i) on the appropriate GSE form, (ii) materially complete, (iii) in conformity with the guideline requirements for the property type in question, (iv) completed by an appraiser that was actively licensed to perform the valuation, (v) completed such that the named client on the appraisal report is the lender or a related entity that is permitted to engage the lender per Title XI of FIRREA, (vi) made and signed prior to the final approval of the mortgage loan application, (vii) completed and dated within the guidelines restrictions, (vii) made on an "as is" basis or provides satisfactory evidence of completion of all material conditions including all inspections, licenses, and certificates (including certificates of occupancy) to be made or issued with respect to all occupied portions of the mortgaged property and with respect to the use and occupancy of the same, have been made or obtained from the appropriate authorities.

With regard to the use of comparable properties, AMC's review (i) captured the relative comparable data (gross and net adjustments, sale dates and distance from subject property) and ensured that such comparable properties are within standard appraisal guidelines; (ii) confirmed the property value and square footage of the subject property was bracketed by comparable properties, (iii) verified that comparable properties used are similar in size, style, and location to the subject, and (iv) checked for the reasonableness of adjustments when reconciling value between the subject property and comparable properties.

Other aspects of AMC's review included (i) verifying that the address matched the mortgage note, (ii) verifying that the appraisal and the policies and procedures with regard to appraisal, including the appropriate level of review, when originating the mortgage loan, were followed, (iii) noting whether the property zip code was declared a FEMA disaster

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area after the valuation date and notifying client of same, (iv) confirming the appraisal report does not include any apparent environmental problems, (v) confirming the appraisal notes the current use of the property is legal or legal non-conforming (grandfathered), (vi) reviewing pictures to ensure (a) that the property is in average or better condition and any repairs are noted where required and (b) that the subject property is the one for which the valuation was ordered and that there are no negative external factors; and (vii) confirming that the value product that was used as part of the origination decision was directly accessible to AMC or if it was not directly accessible that another valuation product that was directly accessible to AMC was ordered in accordance with the Client's specific valuation waterfall process.

If more than one valuation was provided, AMC confirmed consistency among the valuation products and if there were discrepancies that could not be resolved, AMC created an exception and worked with the client on the next steps which may include the ordering of additional valuation products such as collateral desktop analyses, broker's price opinions, and full appraisals. If the property valuation products included in AMC's review resulted in a variance of more than 10% then the client was notified of such variance and a second independent valuation product was ordered.

AMC also considered processes that included Fannie Mae's Collateral Underwriter (CU) or Freddie Mac Loan Collateral Advisor (LCA) on one-unit single-family homes and condos for GSE eligible loans. No additional property value due diligence was completed in cases where CU/LCA indicated that appraisal risk was consistent with the respective GSE's day one RW&E relief. Freddie Mac's Home Value Explorer (HVE) was also considered an acceptable secondary valuation product for GSE-related transactions. If the CU/LCA risk score was ineligible for GSE RW&E relief, then AMC compared a third valuation product (such as a field review) to the original appraisal.

**(7) Compliance of the originator of the assets with federal, state and local laws and regulations: review and methodology.** 

Please be advised that AMC did not make a determination as to whether the mortgage loans complied with federal, state or local laws, constitutional provisions, regulations or ordinances that are not expressly enumerated below. There can be no assurance that the Review uncovered all relevant factors relating to the origination of the mortgage loans, their compliance with applicable law and regulations and the original appraisals relating to the mortgaged properties or uncovered all relevant factors that could affect the future performance of the mortgage loans. Furthermore, the findings reached by AMC are dependent upon its receiving complete and accurate data regarding the mortgage loans from mortgage loan originators and other third parties upon which AMC is relying in reaching such findings.

With regard to TILA-RESPA Integrated Disclosure ("TRID") testing, AMC implemented the TRID scope of review referenced within the Regulatory Compliance section (III) based on (i) the RMBS 3.0 TRID Compliance Review Scope published by the Structured Finance Association ("SFA") (formerly, the Structured Finance Industry Group, "SFIG") (the "SFA Compliance Review Scope") and (ii) outside counsel's interpretations of the published regulations as of the date of review of each mortgage loan. AMC worked with outside counsel and continues to obtain updated interpretations relative to the informal guidance provided by the Consumer Financial Protection Bureau ("CFPB") which has caused alterations in the review scope and severity of TRID related exceptions, including applicable cures. (This will continue as necessary as additional guidance becomes available, as well as any future rulemaking.) While AMC continues to make a good faith effort to identify material TRID exceptions and apply the appropriate grading, the implementation of new regulations (including TRID) that impact residential mortgages carries certain interpretive risk and continues to evolve, impacting the review scope and exception severity. AMC has worked closely with the NRSROs and the Client to disclose, as mutually agreed upon by the parties, the relevant exceptions per AMC's suggested review implementation as reviewed by outside counsel; however, no assurances can be provided and/or are given that AMC has included within its Review all areas that may represent risk to the securitization trust, or that areas of risk identified by AMC will result in the potential level of risk indicated by an Event Level or NRSRO grade.

Please be further advised that AMC does not employ personnel who are licensed to practice law in the various jurisdictions, and the findings set forth in the reports prepared by AMC do not constitute legal advice or opinions. They are recommendations or conclusions based on information provided to AMC. Information contained in any AMC report related to the applicable statute of limitations for certain claims may not be accurate or reflect the most recent controlling case law. Further, a particular court in a particular jurisdiction may extend, not enforce or otherwise allow claims beyond the statute of limitations identified in the report based on certain factors, including the facts and circumstances of an individual mortgage loan. All final decisions as to whether to purchase or enter into a transaction related to any individual mortgage loan or the mortgage loans in the aggregate, any investment strategy and any legal conclusions, including the potential liability related to the purchase or other transaction involving any such mortgage loan or mortgage loans, shall be made solely by the Client, or other agreed upon party, that has engaged AMC to prepare its reports pursuant to its

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instructions and guidelines. The Client, or other agreed upon party, acknowledges and agrees that the scoring models applied by AMC are designed to identify potential risk and the Client, or other agreed upon party, assumes sole responsibility for determining the suitability of the information for its particular use. AMC does not make any representation or warranty as to the value of any mortgage loan or mortgage loans collateral that has been reviewed by AMC.

AMC reviewed each residential mortgage loan to determine, as applicable, to the extent possible and subject to the caveats below, whether the mortgage loan complies with:

**(I) Federal Truth in Lending Act ("TILA"), as implemented by Regulation Z, 12 C.F.R. Part 1026, as set forth below:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Rescission (</u> <u>§</u> <u>1026.23,</u> <u>§</u> <u>1026.15):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) failure to provide the right of rescission notice;

ii) failure to provide the right of rescission notice in a timely manner and to the correct consumer(s);

iii) errors in the right of rescission notice;

iv) failure to provide the correct form of right of rescission notice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) failure to provide the three (3) business day rescission period;

vi) any material disclosure violation on a rescindable mortgage loan that gives rise to the right of rescission under TILA, which means the required disclosures of the annual percentage rate, the finance charge, the amount financed, the total of payments, the payment schedule, the HOEPA disclosures, or those related to prepayment penalties on covered transactions; and 

vii) with respect to applicable exception remediation measures, confirm that a letter of explanation, a refund if applicable, new corrected material disclosures and a new notice of right to cancel was provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>TIL Disclosure (</u> <u>§</u> <u>§</u> <u>1026.17, 18 and 19)</u> *<u>as applicable for loans with application dates prior to October</u> <u>3, 2015</u>* <u>:</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) review and comparison of the initial and final TIL disclosures, and any re-disclosed TIL(s);

ii) proper execution by all required parties;

iii) principal and interest calculations, and proper completion of the interest rate and payment summary; and

iv) timing of initial and re-disclosed TIL(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Home Equity Plans Disclosures (</u> <u>§</u> <u>§</u> <u>1026.6, 40)</u> *<u>as applicable</u>* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) failure to provide the applicable home equity initial and account opening disclosures

ii) failure to provide the applicable home equity initial and account opening disclosures in a timely manner

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) <u>Tolerances (</u> <u>§</u> <u>§</u> <u>1026.18, 22 23, and 38):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) inaccurate Annual Percentage Rate (APR) outside of applicable tolerance by comparing disclosed APR to re-calculated APR; and

ii) inaccurate Finance Charge outside of applicable tolerance by comparing disclosed Finance Charge to re-calculated Finance Charge.

iii) inaccurate Total of Payments outside of applicable tolerance by comparing disclosed Total of Payments to re-calculated Total of Payments. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) <u>High-cost Mortgage (</u> <u>§</u> <u>§</u> <u>1026.31, 32 and 34):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) points and fees threshold test;

ii) APR threshold test;

iii) prepayment penalty threshold test; and

iv) compliance with the disclosure requirements, limitation on terms and prohibited acts or practices in connection with a high-cost mortgage.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) <u>Higher-priced Mortgage Loan (</u> <u>§</u> <u>1026.35):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) APR threshold test; and

ii) compliance with the escrow account and appraisal requirements as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) <u>With respect to brokered mortgage loans, the Prohibitions and Restrictions related to Loan Originator Compensation and Steering (</u> <u>§</u> <u>1026.36):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) review relevant documentation to determine if compensation to a Loan Originator was based on a term of the
transaction;

ii) review relevant document to determine if there was dual compensation; and

iii) review the presence of the mortgage loan option disclosure and to determine if the Steering Safe Harbor provisions were satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Note: Where available, AMC reviewed the relevant documents in the mortgage loan file and, as necessary,
attempted to obtain the mortgage loan originator compensation agreement and/or governing policies and procedures of the mortgage loan originator. In the absence of the mortgage loan originator

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compensation agreement and/or governing policies and procedures, AMC's review was limited to formal general statements of entity compliance provided by the mortgage loan originator, if any. These statements, for example, were in the form of a letter signed by the seller correspondent/mortgage loan originator or representations in the mortgage loan purchase agreement between the Client and seller correspondent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h) <u>Homeownership counseling (</u> <u>§</u> <u>1026.36):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) determine if the creditor obtained proof of homeownership counseling in connection with a mortgage loan to a
first time homebuyer that contains a negative amortization feature.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) <u>Mandatory Arbitration Clauses (</u> <u>§</u> <u>1026.36):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) determine if the terms of the mortgage loan require arbitration or any other non-judicial procedure to resolve any controversy or settle any claims arising out of the transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j) <u>Prohibition on Financing Credit Insurance (</u> <u>§</u> <u>1026.36):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) determine if the creditor financed, directly or indirectly, any premiums or fees for credit insurance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k) <u>Nationwide Mortgage Licensing System (NMLS) & Registry ID on Loan Documents (</u> <u>§</u> <u>1026.36):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) review for presence of mortgage loan originator organization and individual mortgage loan originator name and
NMLSR ID, as applicable, on the credit application, note or mortgage loan contract, security instrument, Loan Estimate and Closing Disclosure; and

ii) verify the data against the NMLSR database, as available.

**(II) Federal Real Estate Settlement Procedures Act ("RESPA"), as implemented by Regulation X, 12 C.F.R. Part 1024, as set forth below:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Good Faith Estimate (GFE) (</u> <u>§</u> <u>1024.7)</u> *<u>as applicable for loans with application dates prior to October</u> <u>3, 2015</u>* <u>:</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) confirm the presence of the current GFE form in effect at the time of origination;

ii) verify GFE was provided to the borrower(s) within three (3) business days of application;

iii) verify all sections of the GFE were accurately completed and that information was reflected in the appropriate locations;

iv) determine whether a valid and properly documented changed circumstance accompanies any changes to mortgage loan terms and/or fees on any revised GFEs over the applicable tolerance(s); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) confirm the presence of a settlement service provider list, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Final HUD-1/A Settlement Statement (HUD) (</u> <u>§</u> <u>1024.8)</u> *<u>as applicable for loans with application dates prior to October</u> <u>3, 2015</u>* <u>:</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) confirm current applicable HUD form was provided;

ii) determination that the mortgage loan file contains the final HUD;

iii) escrow deposit on the final HUD matches the initial escrow statement amount; and 

iv) verify all sections of the final HUD were accurately completed and that information was reflected in the appropriate locations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) <u>GFE and Final HUD Comparison (</u> <u>§</u> <u>1024.7)</u> *<u>as applicable for loans with application dates prior to October</u> <u>3, 2015</u>* <u>:</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) review changes disclosed on the last GFE provided to the borrower(s) to determine that such changes were within
the allowed tolerances;

ii) confirm mortgage loan terms and fees disclosed on the third page of the final HUD accurately reflect how such items were disclosed on the referenced GFE, page 2 of the final HUD and mortgage loan documents; and

iii) review any documented cure of a tolerance violation to determine that the proper reimbursement was made and a revised HUD was provided at or within 30 days of settlement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) <u>Additional RESPA/Regulation X Disclosures and Requirements (</u> <u>§</u> <u>1024.6, 15, 17, 20, and 33):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) confirm the presence of the Servicing Disclosure Statement form in the mortgage loan file;

ii) verify the Servicing Disclosure Statement was provided to the borrower(s) within three (3) business days of application;

iii) confirm the presence of the Special Information Booklet in the mortgage loan file or that the mortgage loan file contains documentary evidence that the disclosure was provided to the borrower;

iv) confirm the Special Information Booklet was provided within three (3) business days of application;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) confirm the presence of the Affiliated Business Arrangement Disclosure in the mortgage loan file in the event
the lender has affiliated business arrangements;

vi) confirm the Affiliated Business Arrangement Disclosure was provided no later than three (3) business days of application;

vii) confirm the Affiliated Business Arrangement Disclosure is executed; and

viii) confirm the presence of the Initial Escrow Disclosure Statement in the mortgage loan file and proper timing;

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ix) confirm that the creditor provided the borrower a list of homeownership counselling organizations within three (3) business days of application; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x) confirm that the list of homeownership counselling organizations was obtained no earlier than 30 days prior to
when the list was provided to the mortgage loan applicant.

**(III) Sections 1098 and 1100A of Dodd-Frank amending TILA and RESPA, as implemented by Regulation Z, 12 C.F.R. Part 1026, as set forth below (applicable only for mortgage loans with application dates on or after October 3, 2015):** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Loan Estimate (LE) (</u> <u>§</u> <u>§</u> <u>1026.19 and 37):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) confirm the presence of LE for applications on or after October 3, 2015;

ii) confirm the initial LE date indicates it was delivered or placed in the mail within three (3) business days of application;

iii) confirm that certain sections of each LE determined to carry assignee liability under the SFA Compliance Review Scope were accurately completed and that information was reflected in the appropriate locations, which, in certain instances, was based solely on the information disclosed on the LE;

iv) confirm the initial LE was delivered or placed in the mail not later than seven (7) business days prior to consummation of the transaction, or such period was waived due to a bona fide financial emergency;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) confirm that each revised LE is accompanied by valid written documentation explaining the reason for re-disclosure to allow for fee increases based on a valid change of circumstance and was timely provided within 3 business days of issuance;

vi) capture whether a settlement service provider list ("SSPL") was provided (in instances when a consumer is given an opportunity to shop for services). Failure to provide SSPL is not cited separately under SFA compliance review scope, however, absence of SSPL from loan file is treated as not provided and impacts fee tolerance categories as prescribed by regulation. 

vii) confirm borrower received LE not later than four (4) business days prior to consummation; and

viii) confirm LE was not provided to the borrower on or after the date of the CD.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) <u>Closing Disclosure (CD) (</u> <u>§</u> <u>§</u> <u>1026.19 and 38):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) confirm the presence of CD for applications on or after October 3, 2015;

ii) confirm the borrower received CD at least three (3) business days prior to consummation, or that such period was waived due to a bona fide financial emergency;

iii) confirm that certain sections of each CD determined to carry assignee liability under the SFA Compliance Review Scope were accurately completed and that information was reflected in the appropriate locations, which, in certain instances, was based solely on the information disclosed on the CD;

iv) confirm that a revised CD was received in a timely manner if the initial or any revised CD became inaccurate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) identify tolerance violations based on the charges disclosed on the initial and interim LE's, initial CD,
and reflected on the final CD;

vi) with respect to tolerance violations based on the disclosed charges on the LE and CD, confirm that the creditor cured the violations no later than 60 days after consummation, or within 60 days of discovery; and

vii) with respect to applicable exception remediation measures for numerical exceptions, confirm that a letter of explanation, as well as a refund as applicable, was delivered or placed in the mail no later than 60 days after discovery of the exception establishing the need for a revised CD or with respect to exception remediation measures for non-numerical exceptions, that a corrected CD was delivered or placed in the mail no later than 60 days after consummation. (In an attempt to establish a best practices approach to pre-securitization due diligence, as it applies to TILA RESPA Integrated Disclosure testing, the Structured Finance Association ("SFA") has a working group that consists of industry participants including third party review providers and law firms who agreed to a standardized approach to remediation considerations. This approach is intended to be based on a reasoned legal analysis that expressly assumes that courts will interpret TRID in accordance with the principals of liability set forth in the letter to the MBA from Richard Cordray, the Director of the CFPB. No assurances can be provided that the courts in question will interpret TRID in accordance with the SFA Compliance Review Scope.) 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) <u>Your Home Loan Toolkit (</u> <u>§</u> <u>1026.19):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) confirm the presence of Your Home Loan Toolkit in the mortgage loan file or that the mortgage loan file
contains documentary evidence that the disclosure was provided to the borrower; and

ii) confirm Your Home Loan Toolkit was delivered or placed in the mail not later than three (3) business days after receipt of application.

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**(IV) Sections 1411 and 1412 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") amending TILA, as implemented by Regulation Z, 12 C.F.R. 1026.43, as set forth below:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) The general Ability to Repay (ATR) underwriting standards (12 C.F.R. 1026.43(c));

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Refinancing of non-standard mortgages (12 C.F.R. 1026.43(d));

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Qualified Mortgages (QM) (12 C.F.R. 1026.43(e) (including qualified mortgages as separately defined by the
Department of Housing and Urban Development (24 C.F.R. 201 and 203 et seq.), and the Department of Veterans Affairs (38 C.F.R. Part 36 et seq.); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Balloon-payment qualified mortgages made by certain creditors (12 C.F.R. 1026.43(f)).

AMC reviews applicable mortgage loans for compliance with the ATR and QM rule requirements based upon each mortgage loan's originator designation (Safe Harbor QM, Higher-priced QM, Temporary SHQM, Temporary HPQM, Non-QM, Exempt from ATR). AMC determines the mortgage loan's status under the ATR or QM rule requirements and assigns a due diligence mortgage loan designation. Generally, AMC notes as a material exception if the due diligence findings do not confirm the originator's mortgage loan designation. Additionally, AMC notes if an originator mortgage loan designation was not provided.

*<u>Qualified Mortgage</u>*

With respect to QM (Safe Harbor and Higher-priced) designated mortgage loans, AMC reviews the mortgage loan to determine whether, based on available information in the mortgage loan file: (i) the mortgage loan contains risky mortgage loan features and terms (e.g. an interest only feature or negative amortization), (ii) the "points and fees" exceed the applicable QM threshold, (iii) the monthly payment was calculated appropriately, (iv) the creditor considered and verified income or assets at or before consummation, (v) the creditor appropriately considered debt obligations, alimony and child support, and (vi) depending on the application date, defined in accordance with 1026.2(a)(3)(ii) and the loan designation provided on the subject loan, either:

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|:---|:---|
| 1.) | for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), prior to 3/1/2021, at the time of consummation, if the debt-to-income ratio exceeds 43% (calculated in accordance with Appendix Q to Regulation Z). This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source,  |

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|:---|:---|
| 2.) | for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), on or after 3/1/2021, but before 10/1/2022, submitted with a loan designation of Safe Harbor QM, Higher Priced QM, Safe Harbor QM (43-Q), or Higher Priced QM (43-Q), whether at the time of consummation, the debt-to-income ratio exceeds 43% (calculated in accordance with Appendix Q to Regulation Z). This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source, or  |

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|:---|:---|
| 3.) | for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), taken on or after 3/1/2021, submitted with a loan designation of Safe Harbor QM (APOR), or Higher Priced QM (APOR), "Revised QM", whether the APR exceeds the average prime offer rate by 2.25 or more percentage points, (additional thresholds applicable for lower loan balances, subordinate lien covered transactions and certain manufactured homes loan amounts), and whether the loan does not meet the credit guidelines without a documented exception and compensating factors.  |

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For the loans determined to be Safe Harbor QM (APOR), in the event the lender provided a Verification Safe Harbor, ("VSH") indicator of "Yes" on the loans, that would be reflected as such in the reports. In the event the lender provided a VSH indicator of "No" on the loans that would be reflected in the reports. In the event the lender did not provide a VSH indicator on the loans, the loans would be identified as "Not Stated" in the reports.

\* Note, for loans in which the lender provided the VSH indicator, AMC captured it, but did not verify the VSH indicator.

Notwithstanding the above, for loans with the variance evaluation of VSH performed by AMC on QM (APOR) loans, the Lender provided a VSH Indicator of "Yes". The VSH indicator was provided within the loan images, on the data tape, deal notes, or as part of the loan program/guidelines being originated to. The loan guidelines utilized one of the specified GSE June 2020 guidelines to meet VSH. In the event the lender identified the loan to have VSH status, then AMC reviewed to identify documentation variances that would cause one to question the VSH attestation from the lender. If variances were identified, then the loan would not be identified by AMC to meet the VSH documentation requirements under either the Fannie Mae guidelines or under the Freddie Mac guidelines. The results of the variance analysis is reflected in the reports.

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This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source.

If a mortgage loan was designated as QM and identified as eligible for guarantee, purchase, or insurance by an applicable agency as permitted under the QM final rule, AMC reviews the mortgage loan to determine whether, based on available information in the mortgage loan file, if the mortgage loan satisfied (i), (ii) and (iii) in the preceding paragraph. In addition, AMC reviews the Automated Underwriting System output within the file to confirm agency eligibility.

For each QM designated mortgage loan that satisfied the applicable requirements enumerated above, AMC then determines whether the mortgage loan is a Safe Harbor QM or Higher Priced QM by comparing the mortgage loan's actual annual percentage rate, as recalculated, to the applicable average prime offer rate plus a certain applicable percentage. The Review also includes determining, as applicable, whether a mortgage loan is a qualified mortgage as defined by the Department of Housing and Urban Development (24 C.F.R. 201 and 203 et seq.), and the Department of Veterans Affairs (38 C.F.R. Part 36 et seq.).

For each QM designated mortgage loan that does not satisfy the applicable requirements enumerated above, AMC then determines whether the mortgage loan complies with the ATR rule consideration and verification requirements and provides a due diligence designation of Non-QM compliant or non-compliant.

*<u>General Ability to Repay</u>*

AMC reviews the mortgage loan to determine whether, based on available information in the mortgage loan file, the creditor considered, as applicable, the following eight underwriting factors, and verified such information using reasonably reliable third-party records, at or before consummation: (i) the consumer's current or reasonably expected income or assets, (ii) if the creditor relied on income from the consumer's employment in determining repayment ability (the consumer's current employment status); (iii) the consumer's monthly payment; (iv) the consumer's monthly payment on any simultaneous loan that the creditor knows or has reason to know will be made; (v) the consumer's monthly payment for mortgage-related obligations; (vi) the consumer's current debt obligations, alimony, and child support; (vii) the consumer's monthly debt-to-income ratio or residual income; and (viii) the consumer's credit history. This portion of the Review also focuses on full recalculation of income and debts, as well as the documentation provided to support each item used in originator's determination of the ability to repay.

AMC reviews mortgage loans to determine their conformity with the ATR/QM factors above, and is not rendering an independent assessment or opinion, warranting or representing that a mortgage loan will be deemed to conform to Safe Harbor, Rebuttable Presumption, ATR or other status based on any additional or revised factors that may be considered by legislative, regulatory, administrative or judicial authorities ("Authorities"). AMC does not represent or warrant that the factors for which it is reviewing the mortgage loans constitute all of the factors and/or criteria that Authorities may consider in determining the status of a mortgage loan. AMC's review is based on information contained in the mortgage loan file at the time it is provided to AMC to review, and only reflects information as of that point in time.

**(V) The Equal Credit Opportunity Act, as implemented by Regulation B, 12 C.F.R. Part 1002, as set forth below:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) <u>Providing Appraisals and Other Valuations (12 C.F.R. 1002.14):</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) timing and content of the right to receive copy of appraisal disclosure;

ii) charging of a fee for a copy of the appraisal or other written valuation;

iii) timing of creditor providing a copy of each appraisal or other written valuation; and

iv) with respect to a borrower that has waived the three (3) business day disclosure requirement, confirm that (a) the borrower has signed the waiver or other acknowledgment at least three (3) business days prior to consummation; and (b) that the lender has provided copies of appraisals and other written valuations at or prior to consummation. 

**(VI) Fannie Mae points and fees limitations and HOEPA restrictions as addressed in Fannie Mae Announcement 04-06, as amended by Lender Letters LL-2013-05 and LL-2013-06 and Selling Guide Announcement SEL-2013-06;** 

**(VII) The disclosure requirements and prohibitions of Section 50(a)(6), Article XVI of the Texas Constitution and associated regulations;** 

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**(VIII) The disclosure requirements and prohibitions of state, county and municipal laws and ordinances with respect to "high-cost" mortgage loans, "covered" mortgage loans, "higher-priced" mortgage loans, "home" mortgage loans or any other similarly designated mortgage loan as defined under such authorities, or subject to any other laws that were enacted to combat predatory lending, as may have been amended from time to time;** 

**(IX) Federal and state specific late charge and prepayment penalty provisions.** 

**(X) Recording Review** 

AMC noted the presence of recorded documents, when available. However, the majority of mortgage loans in the review population were new production and have only been closed for days or weeks at the time AMC reviewed the mortgage loans and thus have not yet been recorded. AMC verified that documents in the mortgage loan file (most typically closing instructions) included lender instructions for recording, and as applicable, the date the documents were sent for recording, and/or the date that the documents will be recorded.

As part of the portion of the Review described in this section, AMC will analyze and capture data from the source documents identified in the Document Review below, as applicable.

**(XI) FIRREA Review** 

AMC confirmed that the appraiser and the appraisal made by such appraiser both satisfied the requirements of Title XI of FIRREA. Specifically, AMC reviewed the appraisal for conformity to industry standards, including ensuring the appraisal was complete, that the comparable properties and adjustments were reasonable and that pictures were provided and were accurate.

In addition, AMC accessed the ASC database to verify that the appraiser, and if applicable the appraiser's supervisor, were licensed and in good standing at the time the appraisal was completed.

**(XII) Document Review** 

AMC reviewed each mortgage loan file and verified if the following documents, if applicable, were included in the file and if the data on these documents was consistent (where applicable):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Initial application (1003);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Underwriting summary / loan approval (1008);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit report;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 4506T;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Asset documentation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sales contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Hazard and/or flood insurance policies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Copy of note for any junior liens;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Appraisal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Title/Preliminary Title;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Final 1003;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changed circumstance documentation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Right of Rescission Disclosure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Mortgage/Deed of Trust;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Note;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Mortgage Insurance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tangible Net Benefit Disclosure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Subordination Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FACTA disclosures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Notice of Special Flood Hazards;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Initial and final GFE's;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• HUD from sale of previous residence;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Final HUD-1;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Initial TIL;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Final TIL;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loan Estimates;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Closing Disclosures; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Certain other disclosures related to the enumerated tests set forth herein.

**(8) Other: review and methodology.** 

The final review results reflected in the Overall Review Results Summary herein may include additional exceptions identified after AMC's initial review was completed where loan level issues were identified by external parties as a result of separate, distinct quality control evaluation of the loan files. In such cases, any additional exceptions cited by any such quality control evaluation would either be reflected (i) as an open exception or (ii) remediated if required documentation and/or curative actions were provided to AMC. The exception totals reflected herein, and corresponding Exception Rating, include exceptions that were so subsequently identified, if any. Please note that only a limited number of loans, if any, reflected in the Review Results Summary were subject to such external quality control evaluations.

**(9) Disclaimer.** 

Except as expressly enumerated above, please be advised that SitusAMC has not performed any review to determine whether the mortgage loans covered in this Report complied with federal, state or local laws, constitutional provisions, regulations, ordinances or any other laws or guidance, including, without limitation, licensing and general usury laws ("Applicable Law"). Further, there can be no assurances that in performing the review and preparing this Report that SitusAMC has uncovered all relevant factors and potential issues relating to the origination of the mortgage loans, their compliance with Applicable Law, or the original appraisals relating to the mortgaged properties, or that SitusAMC has uncovered all relevant factors that could affect the future performance of the mortgage loans. Please note that the results set forth in this Report are dependent upon receipt of complete and accurate data regarding the mortgage loans from mortgage loan originators, sponsors, issuers, underwriters, and other third parties upon which SitusAMC is relying in reaching such results. Except as expressly stated herein, SitusAMC did not verify the data relied upon in performing its review and producing this Report. In addition, the findings and conclusions set forth in this Report are provided on an "as is" basis and are based on available information and Applicable Law as of the date of this Report, and SitusAMC does not undertake any obligation to update or provide any revisions to this Report to reflect events, circumstances, changes in Applicable Law, or changes in expectations after the date this Report was issued. SitusAMC also hereby disclaims any representation or warranty as to accuracy or completeness of the Report, the inclusion or omission of any facts or information, or as to its suitability, sufficiency or appropriateness for the purposes of the transaction parties or investors or the use of the Report in preparation of any other document in connection with the subject transaction.).

Please be further advised that SitusAMC does not employ personnel who are licensed to practice law in the various jurisdictions covered in this Report, and the results set forth in this Report do not constitute legal advice or legal opinions whatsoever. The findings are recommendations or conclusions based on information provided to SitusAMC, and are not statements of fact or legal conclusions. Information contained in the Report related to the applicable statute of limitations for certain claims may not be accurate or reflect the most recent controlling case law. Further, a particular court in a particular jurisdiction may extend, not enforce or otherwise allow claims beyond the statute of limitations identified in the Report based on certain factors, including the facts and circumstances of an individual mortgage loan. The authorities administering the Applicable Law that was part of the review have broad discretionary powers which may permit such authorities, among other things, to withdraw exemptions accorded by statute or regulation, to impose additional requirements or to reach a conclusion that is not consistent with the results set forth in the Report. All decisions as to whether to issue, purchase, hold, sell or otherwise transact in securities backed by the mortgage loans reviewed in this Report, any investment strategy and any legal conclusions, including the potential liability related to the purchase or other transaction involving any such securities, shall be made solely by the parties to or investors in the transaction. The results set forth in this Report do not constitute tax or investment advice. The scoring models in this Report are designed to identify potential risk in the securities backed by the mortgage loans reviewed, and each party or investor assumes sole responsibility for determining the suitability of the information for its particular use. SitusAMC does not make any representation or warranty (express or implied) as to the value of any mortgage loan or mortgage loan's collateral that has been reviewed by SitusAMC.

**SUMMARY OF FINDINGS & CONCLUSIONS OF REVIEW** 

The NRSRO criteria referenced for this report and utilized for grading descriptions is based upon the requirements of DBRS, Inc. ("DBRS") and Moody's Ratings ("Moody's").

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**OVERALL RESULTS SUMMARY** 

There were one hundred twenty-three (123) mortgage loans in the securitization population reviewed by AMC. After all documents were presented, under the applicable NRSRO grading criteria, forty-nine (49) (39.84%) loans had an Overall grade of "A," and seventy-four (74) (60.16%) loan had an Overall loan grade of "B."

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| &nbsp;&nbsp;&nbsp; NRSRO Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# of Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of Loans |
| &nbsp;&nbsp;&nbsp; A | 49 | 39.84% |
| &nbsp;&nbsp;&nbsp; B | 74 | 60.16% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

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**COMPLIANCE RESULTS SUMMARY** 

Of the one hundred twenty-three (123) loans reviewed, under the applicable NRSRO grading criteria, sixty-one (61) loans had a Compliance "B" grade. Loans with a Compliance grade of "B" have multiple compliance exceptions; however, none are lower than a grade of "B."

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| &nbsp;&nbsp;&nbsp; NRSRO Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# of Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of Loans |
| &nbsp;&nbsp;&nbsp; A | 62 | 50.41% |
| &nbsp;&nbsp;&nbsp; B | 61 | 49.59% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

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**CREDIT RESULTS SUMMARY** 

Of the one hundred twenty-three (123) mortgage loans, under the applicable NRSRO grading criteria, 73.98% of the total received an "A" Credit grade. The thirty-two (32) "B" Credit grades were due to missing documentation and/or guideline adherence. Exceptions were offset by strong compensating factors such as high disposable income, low LTV, and/or high liquid assets.

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| &nbsp;&nbsp;&nbsp; NRSRO Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# of Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of Loans |
| &nbsp;&nbsp;&nbsp; A | 91 | 73.98% |
| &nbsp;&nbsp;&nbsp; B | 32 | 26.02% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

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**PROPERTY/VALUATION RESULTS SUMMARY** 

Of the one hundred twenty-three (123) mortgage loans, under the applicable NRSRO grading criteria, all loans received an "A" Property grade.

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| &nbsp;&nbsp;&nbsp; NRSRO Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# of Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of Loans |
| &nbsp;&nbsp;&nbsp; A | 123 | 100.00% |
| &nbsp;&nbsp;&nbsp; B | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

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**EXCEPTION CATEGORY SUMMARY** 

The table below summarizes the individual exceptions which carried an associated "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").

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| &nbsp;&nbsp;&nbsp; **Exception**<br> **Type** | **Exception Level Grade** | **Exception Category** |  | **Total** |  |
| &nbsp;&nbsp;&nbsp; Compliance | 2 | ECOA |  | 53 |  |
|  |  | ATR/QM Defect |  | 25 |  |
|  |  | TRID Defect |  | 11 |  |
|  |  | RESPA |  | 7 |  |
|  |  | Missing Required Data (other than HUD-1 or Note) |  | 3 |  |
|  |  | Missing Non-Required Data |  | 2 |  |
|  |  | Missing Disclosure |  | 1 |  |
|  |  | ***Total Compliance Grade (B) Exceptions:*** | **** | ***102*** | **** |
| &nbsp;&nbsp;&nbsp; ***Total Compliance Exceptions:*** | &nbsp;&nbsp;&nbsp; ***Total Compliance Exceptions:***  | &nbsp;&nbsp;&nbsp; ***Total Compliance Exceptions:***  | **** | ***102*** | **** |
| &nbsp;&nbsp;&nbsp; Credit | 2 | Title |  | 26 |  |
| &nbsp;&nbsp;&nbsp; Credit | 2 | Hazard Insurance |  | 2 |  |
| &nbsp;&nbsp;&nbsp; Credit | 2 | Loan Package Documentation |  | 2 |  |
| &nbsp;&nbsp;&nbsp; Credit | 2 | Insurance |  | 1 |  |
| &nbsp;&nbsp;&nbsp; Credit | 2 | Missing Document |  | 1 |  |
| &nbsp;&nbsp;&nbsp; Credit | 2 | ***Total Credit Grade (B) Exceptions:*** | **** | ***32*** | **** |
| &nbsp;&nbsp;&nbsp;***Total Credit Exceptions:*** | &nbsp;&nbsp;&nbsp;***Total Credit Exceptions:*** | &nbsp;&nbsp;&nbsp;***Total Credit Exceptions:*** | **** | ***32*** | **** |
| &nbsp;&nbsp;&nbsp; **Grand Total:** | &nbsp;&nbsp;&nbsp; **Grand Total:**  | &nbsp;&nbsp;&nbsp; **Grand Total:**  |  | **134** |  |

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**TAPE INTEGRITY REVIEW RESULTS SUMMARY** 

Of the one hundred twenty-three (123) mortgage loans reviewed, one hundred fifteen (115) (93.50%) mortgage loans had four hundred ninety-one (491) tape discrepancies across thirty-four (34) unique data fields. The most common tape discrepancies were Borrower Mailing Street, Borrower Mailing Zip and Borrower Mailing City. AMC found generally that the DTI discrepancies were due to differences in calculating complex incomes; while the data differed, the resulting ratios generally remained within guidelines.

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|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Field Label** | **Loans With <br> Discrepancy** | **Total Times <br> Compared** | **% <br> Variance** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**# Of** <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Loans**  |
| &nbsp;&nbsp;&nbsp; # of Units | 0 | 123 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Amortization Term | 0 | 50 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Amortization Type | 0 | 107 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Appraisal Date | 25 | 34 | 73.53% | 123 |
| &nbsp;&nbsp;&nbsp; Appraisal Effective Date | 17 | 25 | 68.00% | 123 |
| &nbsp;&nbsp;&nbsp; Appraised Value | 0 | 14 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Borrower Birth Date | 0 | 123 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Borrower Citizenship | 4 | 113 | 3.54% | 123 |
| &nbsp;&nbsp;&nbsp; Borrower First Name | 1 | 123 | 0.81% | 123 |
| &nbsp;&nbsp;&nbsp; Borrower FTHB | 7 | 66 | 10.61% | 123 |
| &nbsp;&nbsp;&nbsp; Borrower Last Name | 1 | 123 | 0.81% | 123 |
| &nbsp;&nbsp;&nbsp; Borrower Mailing City | 47 | 123 | 38.21% | 123 |
| &nbsp;&nbsp;&nbsp; Borrower Mailing State | 8 | 123 | 6.50% | 123 |
| &nbsp;&nbsp;&nbsp; Borrower Mailing Street | 71 | 123 | 57.72% | 123 |
| &nbsp;&nbsp;&nbsp; Borrower Mailing Zip | 57 | 123 | 46.34% | 123 |
| &nbsp;&nbsp;&nbsp; Borrower Middle Name | 43 | 52 | 82.69% | 123 |
| &nbsp;&nbsp;&nbsp; Borrower Self-Employed? | 2 | 123 | 1.63% | 123 |
| &nbsp;&nbsp;&nbsp; Borrower SSN | 0 | 123 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Buydown | 0 | 40 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; City | 0 | 123 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Coborrower Birth Date | 3 | 76 | 3.95% | 123 |
| &nbsp;&nbsp;&nbsp; Coborrower Citizenship | 2 | 69 | 2.90% | 123 |

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|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Coborrower First Name | 3 | 76 | 3.95% | 123 |
| &nbsp;&nbsp;&nbsp; Coborrower FTHB | 1 | 37 | 2.70% | 123 |
| &nbsp;&nbsp;&nbsp; Coborrower Last Name | 2 | 76 | 2.63% | 123 |
| &nbsp;&nbsp;&nbsp; Coborrower Mailing City | 12 | 76 | 15.79% | 123 |
| &nbsp;&nbsp;&nbsp; Coborrower Mailing State | 2 | 76 | 2.63% | 123 |
| &nbsp;&nbsp;&nbsp; Coborrower Mailing Street | 15 | 76 | 19.74% | 123 |
| &nbsp;&nbsp;&nbsp; Coborrower Mailing Zip | 14 | 76 | 18.42% | 123 |
| &nbsp;&nbsp;&nbsp; Coborrower Middle Name | 35 | 37 | 94.59% | 123 |
| &nbsp;&nbsp;&nbsp; Coborrower Self-Employed? | 0 | 76 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Coborrower SSN | 0 | 76 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Contract Sales Price | 3 | 3 | 100.00% | 123 |
| &nbsp;&nbsp;&nbsp; Creditor Application Date | 2 | 13 | 15.38% | 123 |
| &nbsp;&nbsp;&nbsp; Escrow Account | 42 | 89 | 47.19% | 123 |
| &nbsp;&nbsp;&nbsp; First Payment Date | 3 | 56 | 5.36% | 123 |
| &nbsp;&nbsp;&nbsp; Has FTHB | 8 | 37 | 21.62% | 123 |
| &nbsp;&nbsp;&nbsp; Investor: Qualifying Total Debt Ratio | 1 | 95 | 1.05% | 123 |
| &nbsp;&nbsp;&nbsp; Lien Position | 0 | 5 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; LTV Valuation Value | 0 | 104 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; MERS Min Number | 0 | 123 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Note Date | 0 | 123 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Occupancy | 0 | 123 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Original CLTV | 0 | 118 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Original Interest Rate | 0 | 116 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Original Loan Amount | 6 | 123 | 4.88% | 123 |
| &nbsp;&nbsp;&nbsp; Original LTV | 0 | 118 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Original Term | 0 | 83 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Origination Channel | 27 | 90 | 30.00% | 123 |
| &nbsp;&nbsp;&nbsp; Originator Application Date | 7 | 70 | 10.00% | 123 |
| &nbsp;&nbsp;&nbsp; Originator Loan Designation | 0 | 96 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Prepayment Penalty | 0 | 71 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Property Type | 5 | 95 | 5.26% | 123 |
| &nbsp;&nbsp;&nbsp; Purpose | 0 | 100 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Refi Purpose | 13 | 18 | 72.22% | 123 |
| &nbsp;&nbsp;&nbsp; Representative FICO | 2 | 123 | 1.63% | 123 |
| &nbsp;&nbsp;&nbsp; State | 0 | 123 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Street | 0 | 123 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; Zip | 0 | 123 | 0.00% | 123 |
| &nbsp;&nbsp;&nbsp; **Total** | **491** | **5042** | **9.74%** | **123** |

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**ADDITIONAL LOAN POPULATION SUMMARY (some totals may not add due to rounding)** 

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|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Amortization Type** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Fixed | 123 | 100.00% | $149890944.00 | 100.00% |
| &nbsp;&nbsp;&nbsp; **Total** | **123** | **100.00%** | **$149890944.00** | **100.00%** |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Lien Position** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | 123 | 100.00% | $149890944.00 | 100.00% |
| &nbsp;&nbsp;&nbsp; **Total** | **123** | **100.00%** | **$149890944.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Loan Purpose** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Cash Out: Other/Multi-purpose/Unknown Purpose | 5 | 4.07% | $6738750.00 | 4.50% |
| &nbsp;&nbsp;&nbsp; Limited Cash-Out | 1 | 0.81% | $1106000.00 | 0.74% |
| &nbsp;&nbsp;&nbsp; First Time Home Purchase | 20 | 16.26% | $22689600.00 | 15.14% |
| &nbsp;&nbsp;&nbsp; Other-than-first-time Home Purchase | 84 | 68.29% | $101706703.00 | 67.85% |
| &nbsp;&nbsp;&nbsp; Rate/Term Refinance - Borrower Initiated | 13 | 10.57% | $17649891.00 | 11.78% |
| &nbsp;&nbsp;&nbsp; **Total** | **123** | **100.00%** | **$149890944.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Original Term** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; 181-240 Months | 1 | 0.81% | $1476750.00 | 0.99% |
| &nbsp;&nbsp;&nbsp; 241-360 Months | 122 | 99.19% | $148414194.00 | 99.01% |
| &nbsp;&nbsp;&nbsp; **Total** | **123** | **100.00%** | **$149890944.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Property Type** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Single Family Detached | 72 | 58.54% | $86905786.00 | 57.98% |
| &nbsp;&nbsp;&nbsp; Condo, Low Rise | 4 | 3.25% | $4151558.00 | 2.77% |
| &nbsp;&nbsp;&nbsp; Condo, High Rise | 2 | 1.63% | $1991750.00 | 1.33% |
| &nbsp;&nbsp;&nbsp; PUD | 43 | 34.96% | $53613850.00 | 35.77% |
| &nbsp;&nbsp;&nbsp; 2 Family | 2 | 1.63% | $3228000.00 | 2.15% |
| &nbsp;&nbsp;&nbsp; **Total** | **123** | **100.00%** | **$149890944.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Occupancy** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Primary | 112 | 91.06% | $135993397.00 | 90.73% |
| &nbsp;&nbsp;&nbsp; Second Home | 11 | 8.94% | $13897547.00 | 9.27% |
| &nbsp;&nbsp;&nbsp; **Total** | **123** | **100.00%** | **$149890944.00** | **100.00%** |

---

15 \| P a g e

## Exhibit 99.7

**EXHIBIT 99.7** 

**AMC DATA COMPARE REPORT** 

------

![LOGO](g36959g0923085834578.jpg)

**Data Compare (Non-Ignored)** 

**Run Date - 9/19/2025 4:17:09 PM** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | [Redact] | 9003720 | [Redact] |  |  | Coborrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Co-Borrower name as it appears on the Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | [Redact] | 9003720 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | [Redact] | 9003720 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | [Redact] | 9003720 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | [Redact] | 9003720 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | [Redact] | 9003720 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | [Redact] | 9003720 | [Redact] |  |  | Coborrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | [Redact] | 9003720 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 94 | [Redact] | 9003726 | [Redact] |  |  | Appraisal Effective Date |  | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 2 | [Redact] | 9009676 | [Redact] |  |  | Refi Purpose | Limited Cash-out GSE | Rate/Term | Verified | Field Value reflects borrower not receiving cash out and/or paying off debts > [Redact] or 2% of loan amount per HUD-1/CD |
| &nbsp;&nbsp;&nbsp;&nbsp; 2 | [Redact] | 9009676 | [Redact] |  |  | Has FTHB |  | 0 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | [Redact] | 9009670 | [Redact] |  |  | Appraisal Effective Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | [Redact] | 9009670 | [Redact] |  |  | Has FTHB |  | 0 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | [Redact] | 9009683 | [Redact] |  |  | Appraisal Effective Date |  | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | [Redact] | 9009683 | [Redact] |  |  | Has FTHB |  | 0 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | [Redact] | 9035779 | [Redact] |  |  | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | [Redact] | 9035779 | [Redact] |  |  | Property Type | Condo (Low Rise) | Condo (High Rise) | Verified | Field Value captured from Appraisal or Valuation model in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | [Redact] | 9035779 | [Redact] |  |  | Refi Purpose | Limited Cash-out GSE | Rate/Term | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > [Redact] or 2% of loan amount per HUD-1/CD |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | [Redact] | 9035779 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | [Redact] | 9035779 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | [Redact] | 9035779 | [Redact] |  |  | Coborrower Birth Date | [Redact] | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | [Redact] | 9034571 | [Redact] |  |  | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | [Redact] | 9034571 | [Redact] |  |  | Contract Sales Price |  | [Redact] | Verified | Field Value reflects sales price as it appears on the sales/purchase contract and/or addendum |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | [Redact] | 9034571 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | [Redact] | 9034571 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | [Redact] | 9034571 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | [Redact] | 9034571 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | [Redact] | 9034571 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | [Redact] | 9035782 | [Redact] |  |  | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | [Redact] | 9035782 | [Redact] |  |  | Contract Sales Price |  | [Redact] | Verified | Field Value reflects sales price as it appears on the sales/purchase contract and/or addendum |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | [Redact] | 9035782 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | [Redact] | 9035782 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | [Redact] | 9035782 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | [Redact] | 9035782 | [Redact] |  |  | Borrower Mailing State | [Redact] | [Redact] | Verified | Field Value reflects State per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | [Redact] | 9035782 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 96 | [Redact] | 9035809 | [Redact] |  |  | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| &nbsp;&nbsp;&nbsp;&nbsp; 96 | [Redact] | 9035809 | [Redact] |  |  | Refi Purpose | Limited Cash-out GSE | Rate/Term | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > [Redact] or 2% of loan amount per HUD-1/CD |
| &nbsp;&nbsp;&nbsp;&nbsp; 96 | [Redact] | 9035809 | [Redact] |  |  | Borrower Mailing State | [Redact] | [Redact] | Verified | Field Value reflects State per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 96 | [Redact] | 9035809 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 97 | [Redact] | 9044268 | [Redact] |  |  | Representative FICO | 806 | 783 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| &nbsp;&nbsp;&nbsp;&nbsp; 97 | [Redact] | 9044268 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 97 | [Redact] | 9044268 | [Redact] |  |  | Contract Sales Price |  | [Redact] | Verified | Field Value reflects sales price as it appears on the sales/purchase contract and/or addendum |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 | [Redact] | 9135931 | [Redact] |  |  | Refi Purpose | Limited Cash-out GSE | Rate/Term | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > [Redact] or 2% of loan amount per HUD-1/CD |
| &nbsp;&nbsp;&nbsp;&nbsp; 9 | [Redact] | 9135937 | [Redact] |  |  | Borrower FTHB | 0 | 1 | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 9 | [Redact] | 9135937 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 9 | [Redact] | 9135937 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 9 | [Redact] | 9135937 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 9 | [Redact] | 9135937 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 10 | [Redact] | 9135923 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 10 | [Redact] | 9135923 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 10 | [Redact] | 9135923 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 10 | [Redact] | 9135923 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 10 | [Redact] | 9135923 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 10 | [Redact] | 9135923 | [Redact] |  |  | Coborrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 10 | [Redact] | 9135923 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 11 | [Redact] | 9135938 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 12 | [Redact] | 9135930 | [Redact] |  |  | Refi Purpose | Limited Cash-out GSE | Rate/Term | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > [Redact] or 2% of loan amount per HUD-1/CD |
| &nbsp;&nbsp;&nbsp;&nbsp; 12 | [Redact] | 9135930 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 12 | [Redact] | 9135930 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 13 | [Redact] | 9135921 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 13 | [Redact] | 9135921 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 13 | [Redact] | 9135921 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 13 | [Redact] | 9135921 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 13 | [Redact] | 9135921 | [Redact] |  |  | Coborrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 13 | [Redact] | 9135921 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 14 | [Redact] | 9135926 | [Redact] |  |  | Refi Purpose | Limited Cash-out GSE | Rate/Term | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > [Redact] or 2% of loan amount per HUD-1/CD |
| &nbsp;&nbsp;&nbsp;&nbsp; 14 | [Redact] | 9135926 | [Redact] |  |  | Originator Application Date | [Redact] | [Redact] | Verified | Field Value reflects the Broker Application Date while Tape Value reflects Creditor Application Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 14 | [Redact] | 9135926 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 15 | [Redact] | 9133985 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 15 | [Redact] | 9133985 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 15 | [Redact] | 9133985 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 15 | [Redact] | 9133985 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 15 | [Redact] | 9133985 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 15 | [Redact] | 9133985 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 15 | [Redact] | 9133985 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 16 | [Redact] | 9133986 | [Redact] |  |  | Refi Purpose | Limited Cash-out GSE | Rate/Term | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > [Redact] or 2% of loan amount per HUD-1/CD |
| &nbsp;&nbsp;&nbsp;&nbsp; 17 | [Redact] | 9133987 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 17 | [Redact] | 9133987 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 17 | [Redact] | 9133987 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 17 | [Redact] | 9133987 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 17 | [Redact] | 9133987 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | [Redact] | 9133988 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | [Redact] | 9133988 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 20 | [Redact] | 9133989 | [Redact] |  |  | Refi Purpose | Limited Cash-out GSE | Rate/Term | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > [Redact] or 2% of loan amount per HUD-1/CD |
| &nbsp;&nbsp;&nbsp;&nbsp; 22 | [Redact] | 9133990 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 22 | [Redact] | 9133990 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 22 | [Redact] | 9133990 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 22 | [Redact] | 9133990 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 22 | [Redact] | 9133990 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 22 | [Redact] | 9133990 | [Redact] |  |  | Coborrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 22 | [Redact] | 9133990 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 23 | [Redact] | 9135927 | [Redact] |  |  | Borrower Self-Employed? | 1 | 0 | Verified | Field Value verified by Income, Employment, Credit or other documentation in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 23 | [Redact] | 9135927 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 23 | [Redact] | 9135927 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 23 | [Redact] | 9135927 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 24 | [Redact] | 9133991 | [Redact] |  |  | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 24 | [Redact] | 9133991 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 25 | [Redact] | 9133992 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 25 | [Redact] | 9133992 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 25 | [Redact] | 9133992 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 25 | [Redact] | 9133992 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 25 | [Redact] | 9133992 | [Redact] |  |  | Coborrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 25 | [Redact] | 9133992 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 26 | [Redact] | 9135925 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 26 | [Redact] | 9135925 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 26 | [Redact] | 9135925 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 27 | [Redact] | 9133993 | [Redact] |  |  | Borrower FTHB | 1 | 0 | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 27 | [Redact] | 9133993 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | [Redact] | 9133994 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | [Redact] | 9133994 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | [Redact] | 9133994 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | [Redact] | 9133994 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | [Redact] | 9133994 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | [Redact] | 9133994 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | [Redact] | 9133994 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 29 | [Redact] | 9133995 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 29 | [Redact] | 9133995 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 29 | [Redact] | 9133995 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 29 | [Redact] | 9133995 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 29 | [Redact] | 9133995 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 29 | [Redact] | 9133995 | [Redact] |  |  | Coborrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 29 | [Redact] | 9133995 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 30 | [Redact] | 9133996 | [Redact] |  |  | Refi Purpose | Limited Cash-out GSE | Rate/Term | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > [Redact] or 2% of loan amount per HUD-1/CD |
| &nbsp;&nbsp;&nbsp;&nbsp; 30 | [Redact] | 9133996 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 31 | [Redact] | 9135940 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 31 | [Redact] | 9135940 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 31 | [Redact] | 9135940 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 31 | [Redact] | 9135940 | [Redact] |  |  | Borrower Mailing State | [Redact] | [Redact] | Verified | Field Value reflects State per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 31 | [Redact] | 9135940 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 31 | [Redact] | 9135940 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 31 | [Redact] | 9135940 | [Redact] |  |  | Coborrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 31 | [Redact] | 9135940 | [Redact] |  |  | Coborrower Mailing State | [Redact] | [Redact] | Verified | Field Value reflects State per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 31 | [Redact] | 9135940 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 32 | [Redact] | 9135929 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 32 | [Redact] | 9135929 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 32 | [Redact] | 9135929 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 32 | [Redact] | 9135929 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 32 | [Redact] | 9135929 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 32 | [Redact] | 9135929 | [Redact] |  |  | Coborrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 32 | [Redact] | 9135929 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  |  | Borrower Mailing State | [Redact] | [Redact] | Verified | Field Value reflects State per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  |  | Coborrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  |  | Coborrower Mailing State | [Redact] | [Redact] | Verified | Field Value reflects State per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 34 | [Redact] | 9135939 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 34 | [Redact] | 9135939 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 34 | [Redact] | 9135939 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 34 | [Redact] | 9135939 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 35 | [Redact] | 9135936 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 35 | [Redact] | 9135936 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 35 | [Redact] | 9135936 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 35 | [Redact] | 9135936 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 35 | [Redact] | 9135936 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 35 | [Redact] | 9135936 | [Redact] |  |  | Coborrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 35 | [Redact] | 9135936 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 36 | [Redact] | 9133998 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 36 | [Redact] | 9133998 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 36 | [Redact] | 9133998 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 36 | [Redact] | 9133998 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 36 | [Redact] | 9133998 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 36 | [Redact] | 9133998 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 36 | [Redact] | 9133998 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 36 | [Redact] | 9133998 | [Redact] |  |  | Coborrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 36 | [Redact] | 9133998 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 37 | [Redact] | 9135941 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 37 | [Redact] | 9135941 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 37 | [Redact] | 9135941 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Unable to verify due to missing information |
| &nbsp;&nbsp;&nbsp;&nbsp; 38 | [Redact] | 9133999 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 38 | [Redact] | 9133999 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 38 | [Redact] | 9133999 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 38 | [Redact] | 9133999 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 38 | [Redact] | 9133999 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 38 | [Redact] | 9133999 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 38 | [Redact] | 9133999 | [Redact] |  |  | Coborrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 38 | [Redact] | 9133999 | [Redact] |  |  | Coborrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 39 | [Redact] | 9135934 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 39 | [Redact] | 9135934 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 39 | [Redact] | 9135934 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 39 | [Redact] | 9135934 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 39 | [Redact] | 9135934 | [Redact] |  |  | Coborrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 40 | [Redact] | 9135932 | [Redact] |  |  | Borrower FTHB | 0 | 1 | Verified | Field Value verified by Application, Credit Report or other documentation in file |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 40 | [Redact] | 9135932 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | [Redact] | 9134000 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow without Delegated UW | Verified | Field Value reflects Correspondent w/o delegated underwriter per Bailee Letter, Note, Application and Approval in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | [Redact] | 9134000 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 82 | [Redact] | 9135935 | [Redact] |  |  | Originator Application Date | [Redact] | [Redact] | Verified | Field Value reflects the Broker Application Date while Tape Value reflects Creditor Application Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 82 | [Redact] | 9135935 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 82 | [Redact] | 9135935 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 82 | [Redact] | 9135935 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 82 | [Redact] | 9135935 | [Redact] |  |  | Borrower Citizenship |  | US Citizen | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 82 | [Redact] | 9135935 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 82 | [Redact] | 9135935 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 82 | [Redact] | 9135935 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 91 | [Redact] | 9134001 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 91 | [Redact] | 9134001 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 99 | [Redact] | 9134002 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 99 | [Redact] | 9134002 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 99 | [Redact] | 9134002 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 99 | [Redact] | 9134002 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 101 | [Redact] | 9135928 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | [Redact] | 9135933 | [Redact] |  |  | Originator Application Date | [Redact] | [Redact] | Verified | Field Value reflects the Broker Application Date while Tape Value reflects Creditor Application Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | [Redact] | 9135933 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | [Redact] | 9135933 | [Redact] |  |  | Borrower FTHB | 0 | 1 | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | [Redact] | 9135933 | [Redact] |  |  | Borrower Middle Name | [Redact] | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | [Redact] | 9135933 | [Redact] |  |  | Coborrower Middle Name | [Redact] | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | [Redact] | 9135922 | [Redact] |  |  | Refi Purpose | Limited Cash-out GSE | Rate/Term | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > [Redact] or 2% of loan amount per HUD-1/CD |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | [Redact] | 9135922 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 104 | [Redact] | 9134003 | [Redact] |  |  | Originator Application Date | [Redact] | [Redact] | Verified | Field Value reflects the Broker Application Date while Tape Value reflects Creditor Application Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 104 | [Redact] | 9134003 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 98 | [Redact] | 9153161 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 21 | [Redact] | 9197232 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 21 | [Redact] | 9197232 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 43 | [Redact] | 9197233 | [Redact] |  |  | Property Type | Condo (Low Rise) | Condo (High Rise) | Verified | Field Value captured from Appraisal or Valuation model in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 43 | [Redact] | 9197233 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 43 | [Redact] | 9197233 | [Redact] |  |  | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 44 | [Redact] | 9197234 | [Redact] |  |  | Coborrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Co-Borrower name as it appears on the Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 44 | [Redact] | 9197234 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 44 | [Redact] | 9197234 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 44 | [Redact] | 9197234 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 48 | [Redact] | 9197236 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 48 | [Redact] | 9197236 | [Redact] |  |  | Coborrower Birth Date |  | [Redact] | Verified | 1003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 48 | [Redact] | 9197236 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 48 | [Redact] | 9197236 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 48 | [Redact] | 9197236 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 50 | [Redact] | 9197237 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 50 | [Redact] | 9197237 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 50 | [Redact] | 9197237 | [Redact] |  |  | Coborrower Citizenship |  | US Citizen | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 50 | [Redact] | 9197237 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | [Redact] | 9197238 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | [Redact] | 9197238 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow without Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | [Redact] | 9197238 | [Redact] |  |  | Borrower Citizenship |  | US Citizen | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | [Redact] | 9197238 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | [Redact] | 9197238 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | [Redact] | 9197238 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 42 | [Redact] | 9205856 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 42 | [Redact] | 9205856 | [Redact] |  |  | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 42 | [Redact] | 9205856 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 42 | [Redact] | 9205856 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 42 | [Redact] | 9205856 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 42 | [Redact] | 9205856 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  |  | Borrower Last Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  |  | Coborrower Last Name | [Redact] | [Redact] | Verified | Field Value reflects Co-Borrower name as it appears on the Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | The Bid Tape Field Value was not provided. |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | The Bid Tape Field Value was not provided. |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 46 | [Redact] | 9205858 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 46 | [Redact] | 9205858 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 46 | [Redact] | 9205858 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 46 | [Redact] | 9205858 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | The Bid Tape Field Value was not provided. |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | The Bid Tape Field Value was not provided. |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 49 | [Redact] | 9205860 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 49 | [Redact] | 9205860 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 52 | [Redact] | 9205861 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 53 | [Redact] | 9205862 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 53 | [Redact] | 9205862 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 53 | [Redact] | 9205862 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 53 | [Redact] | 9205862 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 53 | [Redact] | 9205862 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 53 | [Redact] | 9205862 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 55 | [Redact] | 9205863 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | The Bid Tape Field Value was not provided. |
| &nbsp;&nbsp;&nbsp;&nbsp; 55 | [Redact] | 9205863 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | The Bid Tape Field Value was not provided. |
| &nbsp;&nbsp;&nbsp;&nbsp; 55 | [Redact] | 9205863 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 55 | [Redact] | 9205863 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 55 | [Redact] | 9205863 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 55 | [Redact] | 9205863 | [Redact] |  |  | Borrower Mailing State | [Redact] | [Redact] | Verified | Field Value reflects State per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 55 | [Redact] | 9205863 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | [Redact] | 9205864 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | [Redact] | 9205864 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | [Redact] | 9205864 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | [Redact] | 9205864 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 57 | [Redact] | 9205865 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 57 | [Redact] | 9205865 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 57 | [Redact] | 9205865 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 57 | [Redact] | 9205865 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | [Redact] | 9205867 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | [Redact] | 9205867 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | [Redact] | 9205867 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | [Redact] | 9205867 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 60 | [Redact] | 9205868 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 60 | [Redact] | 9205868 | [Redact] |  |  | Originator Application Date | [Redact] | [Redact] | Verified | Field Value reflects the Broker Application Date while Tape Value reflects Creditor Application Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 60 | [Redact] | 9205868 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 60 | [Redact] | 9205868 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 60 | [Redact] | 9205868 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 60 | [Redact] | 9205868 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 61 | [Redact] | 9205869 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 61 | [Redact] | 9205869 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 61 | [Redact] | 9205869 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Unable to verify due to missing information |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 62 | [Redact] | 9205870 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 62 | [Redact] | 9205870 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 62 | [Redact] | 9205870 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 62 | [Redact] | 9205870 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 62 | [Redact] | 9205870 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 62 | [Redact] | 9205870 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 63 | [Redact] | 9205871 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | The Bid Tape Field Value was not provided. |
| &nbsp;&nbsp;&nbsp;&nbsp; 63 | [Redact] | 9205871 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | The Bid Tape Field Value was not provided. |
| &nbsp;&nbsp;&nbsp;&nbsp; 63 | [Redact] | 9205871 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 63 | [Redact] | 9205871 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 63 | [Redact] | 9205871 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 63 | [Redact] | 9205871 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 64 | [Redact] | 9205872 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 64 | [Redact] | 9205872 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 64 | [Redact] | 9205872 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 64 | [Redact] | 9205872 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 64 | [Redact] | 9205872 | [Redact] |  |  | Borrower Mailing State | [Redact] | [Redact] | Verified | Field Value reflects State per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 64 | [Redact] | 9205872 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 65 | [Redact] | 9205873 | [Redact] |  |  | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 65 | [Redact] | 9205873 | [Redact] |  |  | Coborrower Birth Date |  | [Redact] | Verified | The Bid Tape Field Value was not provided. |
| &nbsp;&nbsp;&nbsp;&nbsp; 65 | [Redact] | 9205873 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 65 | [Redact] | 9205873 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 65 | [Redact] | 9205873 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 71 | [Redact] | 9205874 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 71 | [Redact] | 9205874 | [Redact] |  |  | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 71 | [Redact] | 9205874 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | The Bid Tape Field Value was not provided. |
| &nbsp;&nbsp;&nbsp;&nbsp; 71 | [Redact] | 9205874 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | The Bid Tape Field Value was not provided. |
| &nbsp;&nbsp;&nbsp;&nbsp; 71 | [Redact] | 9205874 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 71 | [Redact] | 9205874 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 72 | [Redact] | 9205875 | [Redact] |  |  | Borrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 72 | [Redact] | 9205875 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 72 | [Redact] | 9205875 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 72 | [Redact] | 9205875 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 72 | [Redact] | 9205875 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 72 | [Redact] | 9205875 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | [Redact] | 9205876 | [Redact] |  |  | Originator Application Date | [Redact] | [Redact] | Verified | Field Value reflects the Broker Application Date while Tape Value reflects Creditor Application Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | [Redact] | 9205876 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow without Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | [Redact] | 9205876 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | [Redact] | 9205876 | [Redact] |  |  | Borrower Citizenship |  | US Citizen | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | [Redact] | 9205876 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | [Redact] | 9205876 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | [Redact] | 9205876 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 92 | [Redact] | 9205877 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 92 | [Redact] | 9205877 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 92 | [Redact] | 9205877 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 93 | [Redact] | 9205878 | [Redact] |  |  | Appraisal Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 93 | [Redact] | 9205878 | [Redact] |  |  | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 93 | [Redact] | 9205878 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 93 | [Redact] | 9205878 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 93 | [Redact] | 9205878 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 105 | [Redact] | 9205879 | [Redact] |  |  | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| &nbsp;&nbsp;&nbsp;&nbsp; 105 | [Redact] | 9205879 | [Redact] |  |  | Appraisal Date |  | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 105 | [Redact] | 9205879 | [Redact] |  |  | Originator Application Date | [Redact] | [Redact] | Verified | Field Value reflects the Broker Application Date while Tape Value reflects Creditor Application Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 105 | [Redact] | 9205879 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 107 | [Redact] | 9205880 | [Redact] |  |  | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| &nbsp;&nbsp;&nbsp;&nbsp; 107 | [Redact] | 9205880 | [Redact] |  |  | Appraisal Date |  | [Redact] | Verified | Unable to verify due to missing information |
| &nbsp;&nbsp;&nbsp;&nbsp; 107 | [Redact] | 9205880 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 107 | [Redact] | 9205880 | [Redact] |  |  | Borrower Middle Name | [Redact] | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 108 | [Redact] | 9205881 | [Redact] |  |  | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| &nbsp;&nbsp;&nbsp;&nbsp; 108 | [Redact] | 9205881 | [Redact] |  |  | Appraisal Date |  | [Redact] | Verified | Unable to verify due to missing information |
| &nbsp;&nbsp;&nbsp;&nbsp; 108 | [Redact] | 9205881 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  |  | Appraisal Date |  | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  |  | Borrower Self-Employed? | 1 | 0 | Verified | Field Value verified by Income, Employment, Credit or other documentation in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 114 | [Redact] | 9205884 | [Redact] |  |  | Property Type | PUD | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 114 | [Redact] | 9205884 | [Redact] |  |  | Appraisal Date |  | [Redact] | Verified | Tape Value reflects Appraisal Effective Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 114 | [Redact] | 9205884 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 114 | [Redact] | 9205884 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 41 | [Redact] | 9215689 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 54 | [Redact] | 9215675 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | The Bid Tape Field Value was not provided. |
| &nbsp;&nbsp;&nbsp;&nbsp; 54 | [Redact] | 9215675 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | The Bid Tape Field Value was not provided. |
| &nbsp;&nbsp;&nbsp;&nbsp; 54 | [Redact] | 9215675 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 54 | [Redact] | 9215675 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 58 | [Redact] | 9215692 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 66 | [Redact] | 9215688 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 66 | [Redact] | 9215688 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 66 | [Redact] | 9215688 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 67 | [Redact] | 9215687 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 67 | [Redact] | 9215687 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 67 | [Redact] | 9215687 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 67 | [Redact] | 9215687 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 67 | [Redact] | 9215687 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 68 | [Redact] | 9215685 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 68 | [Redact] | 9215685 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 68 | [Redact] | 9215685 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 68 | [Redact] | 9215685 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 69 | [Redact] | 9215680 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 69 | [Redact] | 9215680 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 69 | [Redact] | 9215680 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 70 | [Redact] | 9215677 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 70 | [Redact] | 9215677 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 70 | [Redact] | 9215677 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 73 | [Redact] | 9215686 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 73 | [Redact] | 9215686 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 73 | [Redact] | 9215686 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 74 | [Redact] | 9215683 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 74 | [Redact] | 9215683 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 74 | [Redact] | 9215683 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 75 | [Redact] | 9215673 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 85 | [Redact] | 9215671 | [Redact] |  |  | Borrower Citizenship |  | US Citizen | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 85 | [Redact] | 9215671 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 100 | [Redact] | 9215676 | [Redact] |  |  | Coborrower Middle Name | [Redact] | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 100 | [Redact] | 9215676 | [Redact] |  |  | Coborrower Citizenship |  | US Citizen | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | [Redact] | 9215679 | [Redact] |  |  | Coborrower Last Name | [Redact] | [Redact] | Verified | Field Value reflects Co-Borrower name as it appears on the Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | [Redact] | 9215679 | [Redact] |  |  | Borrower Middle Name | [Redact] | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | [Redact] | 9215679 | [Redact] |  |  | Coborrower Middle Name | [Redact] | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 115 | [Redact] | 9215681 | [Redact] |  |  | Borrower Middle Name | [Redact] | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 115 | [Redact] | 9215681 | [Redact] |  |  | Coborrower Middle Name | [Redact] | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 77 | [Redact] | 9370560 | [Redact] |  |  | Refi Purpose | Limited Cash-out GSE | Cash-out - Other | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > [Redact] or 2% of loan amount per HUD-1/CD |
| &nbsp;&nbsp;&nbsp;&nbsp; 77 | [Redact] | 9370560 | [Redact] |  |  | Appraisal Effective Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 77 | [Redact] | 9370560 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 78 | [Redact] | 9370561 | [Redact] |  |  | Appraisal Effective Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 78 | [Redact] | 9370561 | [Redact] |  |  | Borrower FTHB | 0 | 1 | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 78 | [Redact] | 9370561 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 78 | [Redact] | 9370561 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 78 | [Redact] | 9370561 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 78 | [Redact] | 9370561 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | [Redact] | 9370562 | [Redact] |  |  | Appraisal Effective Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | [Redact] | 9370562 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | [Redact] | 9370562 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | [Redact] | 9370562 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | [Redact] | 9370562 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 86 | [Redact] | 9370564 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 86 | [Redact] | 9370564 | [Redact] |  |  | Appraisal Effective Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 86 | [Redact] | 9370564 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 86 | [Redact] | 9370564 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 86 | [Redact] | 9370564 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 86 | [Redact] | 9370564 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 86 | [Redact] | 9370564 | [Redact] |  |  | Borrower Mailing State | [Redact] | [Redact] | Verified | Field Value reflects State per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 86 | [Redact] | 9370564 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 87 | [Redact] | 9370565 | [Redact] |  |  | Creditor Application Date | [Redact] | [Redact] | Verified | Field Value reflects Creditor Initial Application Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 87 | [Redact] | 9370565 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 87 | [Redact] | 9370565 | [Redact] |  |  | Appraisal Effective Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Date |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 87 | [Redact] | 9370565 | [Redact] |  |  | Borrower FTHB | 0 | 1 | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 87 | [Redact] | 9370565 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 87 | [Redact] | 9370565 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 87 | [Redact] | 9370565 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 87 | [Redact] | 9370565 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 87 | [Redact] | 9370565 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | [Redact] | 9370566 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | [Redact] | 9370566 | [Redact] |  |  | Appraisal Effective Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | [Redact] | 9370566 | [Redact] |  |  | Borrower FTHB | 0 | 1 | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | [Redact] | 9370566 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | [Redact] | 9370566 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | [Redact] | 9370566 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | [Redact] | 9370566 | [Redact] |  |  | Borrower Mailing State | [Redact] | [Redact] | Verified | Field Value reflects State per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | [Redact] | 9370566 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 89 | [Redact] | 9370567 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow without Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 89 | [Redact] | 9370567 | [Redact] |  |  | Appraisal Effective Date | [Redact] | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 89 | [Redact] | 9370567 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 89 | [Redact] | 9370567 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 89 | [Redact] | 9370567 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 90 | [Redact] | 9370568 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow without Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 90 | [Redact] | 9370568 | [Redact] |  |  | Borrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 90 | [Redact] | 9370568 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 90 | [Redact] | 9370568 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 118 | [Redact] | 9370569 | [Redact] |  |  | Representative FICO | 764 | 751 | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| &nbsp;&nbsp;&nbsp;&nbsp; 118 | [Redact] | 9370569 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 118 | [Redact] | 9370569 | [Redact] |  |  | Appraisal Effective Date |  | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 121 | [Redact] | 9370572 | [Redact] |  |  | Creditor Application Date | [Redact] | [Redact] | Verified | Field Value reflects Creditor Initial Application Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 121 | [Redact] | 9370572 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 121 | [Redact] | 9370572 | [Redact] |  |  | Appraisal Effective Date |  | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 121 | [Redact] | 9370572 | [Redact] |  |  | Borrower Middle Name | [Redact] | [Redact] | Verified | Field value reflects source document |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 121 | [Redact] | 9370572 | [Redact] |  |  | Coborrower Middle Name | [Redact] | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 122 | [Redact] | 9370573 | [Redact] |  |  | Origination Channel | Broker | Retail | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 122 | [Redact] | 9370573 | [Redact] |  |  | Appraisal Effective Date |  | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 122 | [Redact] | 9370573 | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | 31.176 | 26.71737 | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| &nbsp;&nbsp;&nbsp;&nbsp; 123 | [Redact] | 9370574 | [Redact] |  |  | Refi Purpose | Limited Cash-out GSE | Rate/Term | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > [Redact] or 2% of loan amount per HUD-1/CD |
| &nbsp;&nbsp;&nbsp;&nbsp; 123 | [Redact] | 9370574 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 123 | [Redact] | 9370574 | [Redact] |  |  | Appraisal Effective Date |  | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 123 | [Redact] | 9370574 | [Redact] |  |  | Coborrower FTHB |  | 0 | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| &nbsp;&nbsp;&nbsp;&nbsp; 123 | [Redact] | 9370574 | [Redact] |  |  | Coborrower Middle Name |  | [Redact] | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 124 | [Redact] | 9370575 | [Redact] |  |  | Refi Purpose | Limited Cash-out GSE | Rate/Term | Verified | Field Value reflects borrower receiving cash out and/or paying off debts > [Redact] or 2% of loan amount per HUD-1/CD |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 124 | [Redact] | 9370575 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 124 | [Redact] | 9370575 | [Redact] |  |  | Appraisal Effective Date |  | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 277 | [Redact] | 9500706 | [Redact] |  |  | First Payment Date | [Redact] | [Redact] | Verified | Field Value reflects First Payment Date per the Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 277 | [Redact] | 9500706 | [Redact] |  |  | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 277 | [Redact] | 9500706 | [Redact] |  |  | Borrower Mailing Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 277 | [Redact] | 9500706 | [Redact] |  |  | Borrower Mailing City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 277 | [Redact] | 9500706 | [Redact] |  |  | Borrower Mailing Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Security Instrument |
| &nbsp;&nbsp;&nbsp;&nbsp; 278 | [Redact] | 9500708 | [Redact] |  |  | Coborrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Co-Borrower name as it appears on the Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 278 | [Redact] | 9500708 | [Redact] |  |  | First Payment Date | [Redact] | [Redact] | Verified | Field Value reflects First Payment Date per the Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 278 | [Redact] | 9500708 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 278 | [Redact] | 9500708 | [Redact] |  |  | Appraisal Effective Date |  | [Redact] | Verified | Tape Value reflects Appraisal Date |
| &nbsp;&nbsp;&nbsp;&nbsp; 278 | [Redact] | 9500708 | [Redact] |  |  | Coborrower Middle Name | [Redact] |  | Verified | Field value reflects source document |
| &nbsp;&nbsp;&nbsp;&nbsp; 279 | [Redact] | 9500710 | [Redact] |  |  | First Payment Date | [Redact] | [Redact] | Verified | Field Value reflects First Payment Date per the Note |
| &nbsp;&nbsp;&nbsp;&nbsp; 279 | [Redact] | 9500710 | [Redact] |  |  | Origination Channel | Broker | Correspondent Flow with Delegated UW | Verified | Field Value reflects Retail (Lender Originated) |
| &nbsp;&nbsp;&nbsp;&nbsp; 279 | [Redact] | 9500710 | [Redact] |  |  | Appraisal Effective Date |  | [Redact] | Verified | Tape Value reflects Appraisal Date |

---

## Exhibit 99.8

**EXHIBIT 99.8** 

**AMC EXCEPTION GRADES** 

------

![LOGO](g36959g12b04.jpg)

**Exception Grades** 

**Run Date - 9/22/2025 9:20:48 AM** 

---

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | [Redact] | 9003720 | [Redact] |  | 32449005 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is<br>missing a<br>copy of the<br>secondary<br>valuation<br>required for<br>securitization<br>Purposes. |  |  |  | Reviewer<br>Comment<br>(2024-12-<br>30):<br>Secondary<br>valuation<br>obtained | 12/30/2024 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | [Redact] | 9003720 | [Redact] |  | 32449250 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>of appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided |  |  |  |  |  |  | 12/19/2024 | 2 B |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 94 | [Redact] | 9003726 | [Redact] |  | 32376027 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is<br>missing a<br>copy of the<br>secondary<br>valuation<br>required for<br>securitization<br>Purposes. |  |  |  | Reviewer<br>Comment<br>(2024-12-<br>20):<br>Secondary<br>valuation<br>obtained | 12/20/2024 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 94 | [Redact] | 9003726 | [Redact] |  | 32436721 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2024-12-<br>20):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2024-12-<br>19):<br>Valuation <br>Received -<br>[Redacted] | 12/20/2024 |  |  | 1 A |  | [Redact] | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 2 | [Redact] | 9009676 | [Redact] |  | 32465408 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redact] or<br>[Redact] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | Provide a<br>copy of the<br>final title<br>policy or an<br>addendum to<br>the report<br>verifying<br>title<br>insurance of<br>at least the<br>loan amount. |  |  |  |  |  |  | 12/23/2024 | 2 B |  | [Redact] | Second<br>Home | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 2 | [Redact] | 9009676 | [Redact] |  | 32465415 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal<br>Provided Prior<br>to Date<br>Performed | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Date valuation<br>provided to<br>applicant is<br>prior to the date<br>when valuation<br>was performed.<br>Unable to<br>determine<br>compliance<br>with appraisal<br>timing<br>requirements. |  |  |  |  |  |  |  | 12/23/2024 | 2 B |  | [Redact] | Second<br>Home | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 2 | [Redact] | 9009676 | [Redact] |  | 32470408 |  | Compliance | Compliance | Federal<br>Compliance | Missing<br>Required<br>Data<br>(other<br>than<br>HUD-1 or<br>Note) | Disparity in<br>Occupancy -<br>Not High Cost<br>and Not<br>Higher Priced | The mortgage<br>loan file<br>contains<br>documenting<br>evidence the<br>consumer<br>intends to<br>occupy the<br>subject<br>property as<br>their primary<br>residence.<br>(Compliance<br>testing<br>performed<br>based on the<br>Occupancy<br>Type of Second<br>Home). | The<br>borrower<br>selected that<br>they will<br>occupy the<br>property in<br>the<br>declarations<br>section of the<br>initial 1003. |  |  |  |  |  |  | 12/23/2024 | 2 B |  | [Redact] | Second<br>Home | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | [Redact] | 9009670 | [Redact] |  | 32465281 |  | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | - | HOA<br>verification<br>and Tax<br>verification<br>document<br>required |  |  |  | Reviewer<br>Comment<br>(2025-01-<br>03): Tax<br>cert and<br>HOA<br>verification<br>provided<br>Seller<br>Comment<br>(2024-12-<br>31): REO | 01/03/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | [Redact] | 9009670 | [Redact] |  | 32465283 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>Loan<br>Underwriting<br>and<br>Transmittal<br>Summary<br>(1008) /<br>MCAW not<br>provided |  | Loan<br>Underwriting<br>and<br>Transmittal<br>Summary<br>(1008) /<br>MCAW<br>document<br>required |  |  |  | Reviewer<br>Comment<br>(2025-01-<br>03): 1008<br>provided<br>Seller<br>Comment<br>(2024-12-<br>31): 1008 | 01/03/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | [Redact] | 9009670 | [Redact] |  | 32465285 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | ECOA<br>Receipt of<br>Appraisal<br>Without<br>Waiver |  |  |  |  |  |  | 12/23/2024 | 2 B |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | [Redact] | 9009670 | [Redact] |  | 32465288 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of<br>[Redacted]<br>exceeds<br>tolerance of<br>[Redacted].<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Zero Percent<br>Fee<br>Tolerance<br>exceeded for<br>Lender<br>Credits.<br>Final Lender<br>Credit of<br>[Redacted]<br>exceeds<br>tolerance of<br>[Redacted].<br>Insufficient<br>or no cure<br>was provided<br>to the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-01-<br>02):<br>[Redacted]<br>Received<br>Valid COC<br>dated<br>[Redacted].<br>Seller<br>Comment<br>(2024-12-<br>31): CIC | 01/02/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | [Redact] | 9009670 | [Redact] |  | 32465289 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>[Redacted]<br>exceeds<br>tolerance of<br>[Redacted].<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Loan<br>Discount<br>Points was<br>not disclosed<br>on Loan<br>Estimate.<br>File does not<br>contain a<br>valid COC<br>for this fee,<br>nor evidence<br>of cure.<br>Provide a<br>post-close<br>CD<br>disclosing<br>the tolerance<br>cure to<br>include<br>[Redacted], a<br>copy of<br>refund<br>check, proof<br>of delivery,<br>and a copy<br>of the letter<br>of<br>explanation<br>sent to the<br>borrower<br>disclosing<br>the changes<br>made. |  |  |  | Reviewer<br>Comment<br>(2025-01-<br>02):<br>[Redacted]<br>Received<br>Valid COC<br>dated<br>[Redacted].<br>Seller<br>Comment<br>(2024-12-<br>31): CIC | 01/02/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | [Redact] | 9009670 | [Redact] |  | 32470119 |  | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title<br>Policy Amount<br>of ___ is less<br>than the note<br>amount of ___<br>based on the<br>___ in file. | The Title<br>Policy<br>Amount of<br>[Redacted] is<br>less than the<br>note amount<br>of<br>[Redacted] |  |  |  |  |  |  | 12/23/2024 | 2 B |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | [Redact] | 9009670 | [Redact] |  | 32496007 |  | Credit | Missing<br>Document | General | Missing<br>Document | Missing<br>Document:<br>UCDP<br>Submission<br>Summary<br>Report not<br>provided |  | Upon further<br>review, the<br>file is<br>missing the<br>UCDP<br>submission<br>to Freddie<br>Mac to<br>verify the<br>LCA score.<br>If the score<br>is ><br>[Redacted], a<br>secondary<br>valuation for<br>securitization<br>purposes is<br>required. |  |  |  | Reviewer<br>Comment<br>(2025-01-<br>03): UCDP<br>submissions<br>provided<br>Seller<br>Comment<br>(2024-12-<br>31): UCDP | 01/03/2025 |  |  | 1 A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | [Redact] | 9009683 | [Redact] |  | 32448504 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | The file is<br>missing<br>proof of<br>receipt of the<br>updated<br>appraisal<br>with a report<br>date of<br>[Redacted].<br>The<br>appraisal is<br>required to<br>be received<br>no less than<br>three<br>business<br>days prior to<br>closing. |  |  |  |  |  |  | 12/19/2024 | 2 B |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | [Redact] | 9009683 | [Redact] |  | 32448505 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | The file is<br>missing<br>proof of<br>receipt of the<br>updated<br>appraisal<br>with a report<br>date of<br>[Redacted].<br>The<br>appraisal is<br>required to<br>be received<br>no less than<br>three<br>business<br>days prior to<br>closing. |  |  |  |  |  |  | 12/19/2024 | 2 B |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | [Redact] | 9009683 | [Redact] |  | 32448507 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets -<br>[Redacted] | General QM:<br>Unable to<br>verify S-Corp<br>income using<br>reasonably<br>reliable third-<br>party records. | Missing<br>signed and<br>dated<br>personal and<br>business tax<br>returns. |  |  |  | Reviewer<br>Comment<br>(2025-01-<br>02): Signed<br>and dated<br>personal<br>and<br>business<br>returns<br>provided<br>Seller<br>Comment<br>(2024-12-<br>30): signed | 01/02/2025 |  |  | 1 C A |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | [Redact] | 9009683 | [Redact] |  | 32448508 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. | Appraisal<br>Fee was last<br>disclosed as<br>$[Redacted]<br>on Loan<br>Estimate but<br>disclosed as<br>$[Redacted]<br>on Final<br>Closing<br>Disclosure<br>dated<br>[Redacted].<br>File does not<br>contain a<br>valid COC<br>for this fee,<br>nor evidence<br>of cure in<br>file. |  |  |  | Reviewer<br>Comment<br>(2024-12-<br>19):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 12/19/2024 |  | 1 A |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | [Redact] | 9009683 | [Redact] |  | 32448510 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Fail. | Loan<br>Designation<br>of Safe<br>Harbor QM<br>(APOR)<br>does not<br>match Due<br>Diligence<br>Loan<br>Designation<br>of QM<br>(APOR)<br>Fail. |  |  |  | Reviewer<br>Comment<br>(2025-01-<br>02): Signed<br>and dated<br>personal<br>and<br>business<br>returns<br>provided<br>Seller<br>Comment<br>(2024-12-<br>30): signed | 01/02/2025 |  |  | 1 B A C |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | Lender to<br>provide<br>updated<br>ATR/QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | [Redact] | 9009683 | [Redact] |  | 32448511 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Will Not Have<br>Escrow -<br>Reason | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Disclosures:<br>Final Closing<br>Disclosure<br>provided on<br>[Redacted]<br>incorrectly<br>disclosed<br>whether the<br>loan will have<br>an escrow<br>account. | Section left<br>blank. |  |  |  | Reviewer<br>Comment<br>(2024-12-<br>31):<br>[Redacted]<br>received<br>Letter of<br>Explanation<br>&<br>Corrected<br>Closing<br>Disclosure.<br>Seller<br>Comment<br>(2024-12-<br>30): PCCD |  | 12/31/2024 |  | 2 C B |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | Letter of<br>Explanation<br>& Corrected<br>Closing<br>Disclosure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | [Redact] | 9009683 | [Redact] |  | 32706038 |  | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | - | Upon further<br>review, Updated<br>condition; When<br>tax returns are used<br>for qualification<br>purposes, tax<br>transcripts for the<br>most recent one<br>year's personal<br>returns are required. |  |  |  | Reviewer<br>Comment (2025-<br>05-08):<br>Transcripts<br>provided | 05/08/2025 |  |  | 1 A |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | [Redact] | 9009683 | [Redact] |  | 32706046 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM: Based<br>on the loan failing<br>one or more<br>guideline<br>components, the<br>loan is at QM risk. | Upon further<br>review, Updated<br>condition; When<br>tax returns are used<br>for qualification<br>purposes, tax<br>transcripts for the<br>most recent one<br>year's personal<br>returns are required. |  |  |  | Reviewer<br>Comment (2025-<br>05-08):<br>Transcripts<br>provided | 05/08/2025 |  |  | 1 A |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | [Redact] | 9035779 | [Redact] |  | 32670668 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | FEMA<br>Disaster Issue:<br>The subject<br>property is<br>located in a<br>FEMA disaster<br>that does not<br>have a<br>declared end<br>date. |  |  | Property<br>inspected<br>post disaster<br>but pre-<br>FEMA<br>declaration of<br>disaster end<br>date. | Property<br>inspected<br>post<br>disaster<br>but pre-<br>FEMA<br>declaration<br>of disaster<br>end date.<br>Date of<br>disaster:<br>[Redacted] | [Redact],Aggregator | Reviewer<br>Comment (2025-<br>01-30): Client<br>elects to waive<br>the condition<br>based on the post-<br>disaster<br>inspection<br>obtained prior to<br>the declared end<br>date. Seller<br>Comment (2025-<br>01-29): x |  |  | 01/30/2025 | 2 C B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | [Redact] | 9035779 | [Redact] |  | 32678457 |  | Credit | Documents | Missing<br>Document | Documents | File does not<br>contain<br>documentation<br>from lender/<br>seller<br>confirming the<br>condo is<br>warrantable. | - | The HOA<br>questionnaire from<br>the HOA is not<br>acceptable.<br>Documentation/<br>Confirmation from<br>the lender<br>confirming the<br>project is<br>warrantable is<br>required. Note: the<br>FNMA CPM states<br>"No Fannie Mae<br>Review" was<br>completed. |  |  |  | Reviewer<br>Comment (2025-<br>03-05):<br>Documentation<br>from the seller<br>confirming the<br>condo is<br>warrantable<br>provided. Buyer<br>Comment (2025-<br>03-05): Incorrect<br>loan number on<br>previous<br>attestation. Please<br>use this one<br>Buyer Comment<br>(2025-03-05):<br>[Redacted]<br>Warrantability<br>Attestation<br>Reviewer<br>Comment (2025-<br>02-13): An<br>additional copy of<br>the FNMA CPM<br>that was included<br>in the initial file<br>was provided.<br>The CPM is not<br>acceptable as it<br>states "No Fannie<br>Mae Review" was<br>completed.<br>Condition<br>remains Seller<br>Comment (2025-<br>02-13): CPM<br>Reviewer<br>Comment (2025-<br>02-12): The<br>Condo<br>questionnaire<br>from the<br>Management<br>Company is not<br>acceptable. The<br>documentation<br>must come from<br>the lender/seller<br>confirming the<br>project is<br>warrantable.<br>Condition<br>remains Seller<br>Comment (2025-<br>02-11): Please see<br>our condo<br>questionnaire<br>attached.<br>Reviewer<br>Comment (2025-<br>02-10): Per the<br>client's<br>requirements,<br>documentation in<br>the form of a<br>project approval,<br>processor's cert,<br>or attestation<br>from the Lender<br>is required to<br>confirm the<br>project is<br>warrantable.<br>Provide any of<br>these documents<br>and the condition<br>can be cleared.<br>Condition<br>remains Seller<br>Comment (2025-<br>02-07): Please see<br>attached response.<br>This is a High<br>Balance loan, not<br>a Jumbo,<br>therefore a full<br>review is not<br>required.<br>Reviewer<br>Comment (2025-<br>01-30):<br>Documentation<br>from the lender<br>confirming the<br>project is<br>warrantable is<br>required.<br>[Redacted] does<br>not perform<br>condo<br>warrantability<br>testing and the<br>client requires the<br>lender to confirm<br>the warrantability.<br>Provide a<br>processor's cert,<br>project approval<br>form, or other<br>documentation<br>identifying the<br>lender's project<br>review verifying<br>the project is<br>warrantable.<br>Condition<br>remains Seller<br>Comment (2025-<br>01-30): Please see<br>attached | 03/05/2025 |  |  | 1 C A |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | [Redact] | 9034571 | [Redact] |  | 32681606 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The preliminary<br>title report in file<br>did not disclose the<br>amount of title<br>insurance coverage.<br>Provide a copy of<br>the final title policy<br>or an addendum to<br>the preliminary<br>report verifying title<br>insurance of at least<br>the loan amount. |  |  |  |  |  |  | 01/22/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | [Redact] | 9034571 | [Redact] |  | 32705743 |  | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | - | Upon further<br>review, Updated<br>condition; When<br>tax returns are used<br>for qualification<br>purposes, tax<br>transcripts for the<br>most recent one<br>year's personal<br>returns are required. |  |  |  | Reviewer<br>Comment (2025-<br>02-21): Tax<br>transcript<br>provided Seller<br>Comment (2025-<br>02-20): Please see<br>transcripts<br>attached | 02/21/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | [Redact] | 9034571 | [Redact] |  | 32705744 |  | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | - | Upon further<br>review, Updated<br>condition; When<br>tax returns are used<br>for qualification<br>purposes, tax<br>transcripts for the<br>most recent one<br>year's personal<br>returns are required. |  |  |  | Reviewer<br>Comment (2025-<br>02-21): Tax<br>transcript<br>provided | 02/21/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | [Redact] | 9034571 | [Redact] |  | 32705750 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified Mortgage<br>(Dodd-Frank 2014):<br>Originator Loan<br>Designation of Safe<br>Harbor QM<br>(APOR) does not<br>match Due<br>Diligence Loan<br>Designation of QM<br>(APOR) Risk. | Condition will be<br>cleared when all<br>QM/Guideline<br>conditions are<br>cleared |  |  |  | Reviewer<br>Comment (2025-<br>02-21): Tax<br>transcript<br>provided | 02/21/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | Lender to<br>provide<br>updated ATR/<br>QM status B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | [Redact] | 9034571 | [Redact] |  | 32705751 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM: Based<br>on the loan failing<br>one or more<br>guideline<br>components, the<br>loan is at QM risk. | Upon further<br>review, Updated<br>condition; When<br>tax returns are used<br>for qualification<br>purposes, tax<br>transcripts for the<br>most recent one<br>year's personal<br>returns are required. |  |  |  | Reviewer<br>Comment (2025-<br>02-21): Tax<br>transcript<br>provided | 02/21/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | [Redact] | 9035782 | [Redact] |  | 32667271 |  | Credit | Insurance | Insurance<br>Analysis | Insurance | The Flood<br>Insurance<br>Policy<br>effective date<br>is after the<br>Note Date. | Flood Insurance<br>Policy Effective<br>Date ___, Note<br>Date ___ | Creditor not<br>provided previous<br>flood insurance<br>policy. | Borrower's<br>monthly<br>reserves have<br>been verified<br>and exceed<br>the amount<br>required<br>based on the<br>guidelines by<br>at least<br>[Redacted]<br>months.<br>Borrower has<br>been<br>employed in<br>the same<br>industry for<br>more than<br>[Redacted]<br>years.<br>Borrower has<br>verified<br>disposable<br>income of at<br>least<br>$[Redacted].<br>Borrower has<br>worked in the<br>same position<br>for more than<br>[Redacted]<br>years.<br>Borrowers<br>made a down<br>payment<br>from their<br>own funds on<br>this purchase<br>transaction of<br>at least<br>[Redacted]%<br>and<br>$[Redacted].<br>The<br>representative<br>FICO score<br>exceeds the<br>guideline<br>minimum by<br>at least<br>[Redacted]<br>points. The<br>representative<br>FICO score is<br>above<br>[Redacted]. | Reserves =<br>[Redacted]<br>months<br>FICO =<br>[Redacted] | [Redact],Aggregator<br>[Redact] [Redact]<br>[Redact] [Redact]<br>Aggregator,[Redact]<br>[Redact] | Reviewer<br>Comment (2025-<br>02-28): Client<br>elected to waive<br>the condition with<br>the following<br>compensating<br>factors: Reserves<br>=<br>[Redacted]months<br>Years in<br>[Redacted] =<br>[Redacted] FICO<br>= [Redacted]<br>Buyer Comment<br>(2025-02-28):<br>Attestation from<br>servicer that no<br>claims were filed.<br>Please waive.<br>Reviewer<br>Comment (2025-<br>02-28): Elevated<br>to the client for<br>review for a<br>possible<br>exception<br>approval;<br>Attestation from<br>seller provided<br>stating there were<br>no claims filed<br>between the<br>closing date and<br>effective date of<br>the policy. Seller<br>Comment (2025-<br>02-27): Please<br>disregard,<br>incorrect Buyer<br>name Seller<br>Comment (2025-<br>02-27): No claims<br>filed Reviewer<br>Comment (2025-<br>02-05): Lender<br>rebuttal reviewed.<br>At the time of<br>"Closing" for a<br>wet-funding state<br>is the date of<br>consummation.<br>The<br>consummation<br>date is<br>[Redacted],<br>confirmed by the<br>signature date of<br>the note and<br>mortgage and the<br>notary signature<br>date of the<br>mortgage.<br>Condition is valid<br>and remains open<br>Seller Comment<br>(2025-02-04):<br>There is no<br>[Redacted] or<br>agency guideline<br>that mandates<br>insurance be<br>effective at the<br>time of closing.<br>The insurance<br>was effective at<br>time of<br>disbursement and<br>therefore<br>coverage was in<br>place. Please<br>escalate if need<br>be Reviewer<br>Comment (2025-<br>01-30): The<br>property is in a<br>wet funding state<br>and coverage is<br>required to be in<br>effect at or prior<br>to consummation,<br>which is<br>[Redacted].<br>Condition is valid<br>and remains open<br>Seller Comment<br>(2025-01-28):<br>Loan disbursed<br>on [Redacted]<br>which is the<br>effective date of<br>the Flood Policy<br>Purchase<br>transaction |  |  | 02/28/2025 | 2 C B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | [Redact] | 9035782 | [Redact] |  | 32667324 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations<br>Rule (Dodd-Frank<br>2014): Creditor did<br>not provide a copy<br>of each valuation to<br>applicant three (3)<br>business days prior<br>to consummation. | Creditor did not<br>provide a copy of<br>each valuation to<br>applicant three (3)<br>business days prior<br>to consummation.<br>(Client:[Redacted]/<br>[Redacted]) |  |  |  |  |  |  | 01/17/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | [Redact] | 9035782 | [Redact] |  | 32667326 |  | Compliance | Compliance | Federal<br>Compliance | RESPA | RESPA -<br>Initial Escrow<br>Account<br>Statement<br>Missing | RESPA: Initial<br>escrow account<br>statement was not<br>provided to the<br>borrower. | Initial escrow<br>account statement<br>was not provided to<br>the borrower. |  |  |  | Buyer Comment<br>(2025-02-28):<br>Initial and Final<br>Grade EV2/B.<br>[Redacted]<br>Accepts |  |  | 02/28/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 96 | [Redact] | 9035809 | [Redact] |  | 32670475 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations<br>Rule (Dodd-Frank<br>2014): Creditor did<br>not provide a copy<br>of each valuation to<br>applicant three (3)<br>business days prior<br>to consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was not<br>provided. |  |  |  |  |  |  | 01/21/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 96 | [Redact] | 9035809 | [Redact] |  | 32670485 |  | Compliance | Compliance | Federal<br>Compliance | TILA Right-<br>to-Cancel<br>Missing,<br>Incorrect,<br>Incomplete<br>and/or<br>provided on<br>the wrong<br>form | Notice of<br>Right to<br>Cancel<br>Missing | Truth in Lending<br>Act: Notice of<br>Right to Cancel was<br>not provided. | Missing Document<br>in the File |  |  |  | Reviewer<br>Comment (2025-<br>02-21):<br>Documentation<br>provided<br>verifying the<br>construction loan<br>paid off was used<br>to build the<br>property.<br>Rescission is not<br>applicable. Seller<br>Comment (2025-<br>02-20): The<br>[Redacted] lien<br>was on vacant<br>land. Per<br>[Redacted], when<br>a consumer buys<br>or builds a new<br>dwelling that will<br>become the<br>consumer's<br>principal dwelling<br>within one year or<br>upon completion<br>of construction,<br>the new dwelling<br>is considered the<br>principal dwelling<br>if it secures the<br>acquisition or<br>construction loan.<br>In that case, the<br>transaction<br>secured by the<br>new dwelling is a<br>residential<br>mortgage<br>transaction and is<br>not rescindable<br>Reviewer<br>Comment (2025-<br>02-13): The<br>lender rebuttal<br>provided is not<br>sufficient.<br>Additional<br>documentation is<br>required to<br>determine if the<br>loan is subject to<br>rescission. Unable<br>to determine the<br>nature of the lien<br>on the property<br>from [Redacted].<br>Condition<br>remains Seller<br>Comment (2025-<br>02-12): Lender<br>response<br>Reviewer<br>Comment (2025-<br>02-04):<br>Additional<br>documentation is<br>still required. The<br>property history<br>on the fraud<br>report verified a<br>prior mortgage on<br>the property dated<br>[Redacted], which<br>is prior to the<br>construction loan<br>paid off that<br>originated<br>[Redacted]. If the<br>prior lien was<br>used to acquire<br>the property,<br>rescission may<br>apply. Condition<br>remains Seller<br>Comment (2025-<br>02-03): Response<br>Reviewer<br>Comment (2025-<br>01-30): Agreed<br>that rescission<br>does not apply if<br>the loan being<br>paid off is a<br>construction loan<br>obtained by the<br>borrower to<br>acquire/construct<br>the property.<br>However, unable<br>to determine the<br>lien paid off was<br>used to acquire<br>the property.<br>Additional<br>documentation is<br>required. Seller<br>Comment (2025-<br>01-30): Loan is a<br>new construction<br>- [Redacted] is<br>not required<br>Reviewer<br>Comment (2025-<br>01-29): Subject is<br>a Rate/Term<br>refinance<br>transaction. The<br>[Redacted] is<br>required.<br>Condition<br>remains Seller<br>Comment (2025-<br>01-28): Notice of<br>Right to Cancel is<br>not required on a<br>purchase | 02/21/2025 |  |  | 1 C A |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | TILA ROR -<br>Provide the<br>following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery, and<br>Re-open<br>Rescission<br>using the<br>correct model<br>form C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 96 | [Redact] | 9035809 | [Redact] |  | 32670505 |  | Compliance | Compliance | Miscellaneous<br>Compliance | TILA | Missing<br>Document:<br>Right to<br>Cancel (RTC)<br>not provided |  | File is Missing with<br>Right to Cancel<br>document |  |  |  | Reviewer<br>Comment (2025-<br>02-21):<br>Documentation<br>provided<br>verifying the<br>construction loan<br>paid off was used<br>to build the<br>property.<br>Rescission is not<br>applicable.<br>Reviewer<br>Comment (2025-<br>02-04):<br>Additional<br>documentation is<br>still required. The<br>property history<br>on the fraud<br>report verified a<br>prior mortgage on<br>the property dated<br>[Redacted], which<br>is prior to the<br>construction loan<br>paid off that<br>originated<br>[Redacted]. If the<br>prior lien was<br>used to acquire<br>the property,<br>rescission may<br>apply. Condition<br>remains Seller<br>Comment (2025-<br>02-03): Loan is a<br>new construction<br>- [Redacted] is<br>not required<br>Reviewer<br>Comment (2025-<br>01-30): Agreed<br>that rescission<br>does not apply if<br>the loan being<br>paid off is a<br>construction loan<br>obtained by the<br>borrower to<br>acquire/construct<br>the property.<br>However, unable<br>to determine the<br>lien paid off was<br>used to acquire<br>the property.<br>Additional<br>documentation is<br>required. Seller<br>Comment (2025-<br>01-30): Loan is a<br>new construction<br>- [Redacted] is<br>not required<br>Reviewer<br>Comment (2025-<br>01-29): Subject is<br>a Rate/Term<br>refinance<br>transaction. The<br>[Redacted] is<br>required.<br>Condition<br>remains Seller<br>Comment (2025-<br>01-28): Notice of<br>Right to Cancel is<br>not required on a<br>purchase | 02/21/2025 |  |  | 1 C A |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 96 | [Redact] | 9035809 | [Redact] |  | 32673992 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance exceeded<br>for Credit Report<br>Fee. Fee Amount of<br>$[Redacted]<br>exceeds tolerance<br>of $[Redacted] .<br>Sufficient or excess<br>cure was provided<br>to the borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment (2025-<br>01-21): Sufficient<br>Cure Provided At<br>Closing |  | 01/21/2025 |  | 1 A |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 97 | [Redact] | 9044268 | [Redact] |  | 32714914 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Final<br>Closing<br>Disclosure<br>Amount<br>Financed Test | TILA-RESPA<br>Integrated<br>Disclosure - Loan<br>Calculations: Final<br>Closing Disclosure<br>provided on<br>[Redacted]disclosed<br>an Amount<br>Financed disclosed<br>an inaccurate<br>Amount Financed.<br>The disclosed<br>Amount Financed<br>in the amount of<br>$[Redacted] is over<br>disclosed by<br>$[Redacted]<br>compared to the<br>calculated Amount<br>Financed of<br>$[Redacted] and the<br>disclosed Finance<br>Charge is not<br>accurate within<br>applicable<br>tolerances for<br>Amount Financed<br>to be considered<br>accurate (fee<br>amounts included<br>in Amount<br>Financed and<br>Finance Charge<br>calculations are<br>based on Closing<br>Disclosure dated<br>[Redacted]). | The difference is<br>due to the Title-Tax<br>Map Verification<br>was included in the<br>prepaid finance<br>charges. Unable to<br>determine the root<br>of the fee to<br>determine if it<br>should be included<br>in the prepaid<br>finance charges or<br>not. |  |  |  | Reviewer<br>Comment (2025-<br>02-21):<br>[Redacted]<br>received PCCD,<br>LOE, Copy of<br>refund check and<br>proof of mailing.<br>Seller Comment<br>(2025-02-20):<br>cure Reviewer<br>Comment (2025-<br>02-04):<br>[Redacted]<br>received rebuttal<br>and finance<br>charge<br>calculation.<br>Appears there are<br>2 fees being<br>included in the<br>[Redacted]<br>calculation that<br>lender did not<br>include. The<br>rebuttal did not<br>give the specific<br>purpose and<br>services in order<br>to determine if a<br>finance charge.<br>Regarding the<br>Title-Service<br>Charge of<br>$[Redacted],<br>rebuttal states the<br>fee is generally<br>not considered an<br>APR fee, but no<br>explanation of the<br>services &<br>purpose of this<br>fee was<br>explained. The<br>other fee for the<br>Title-Tax Map<br>Verification fee<br>for $[Redacted]<br>did not clarify the<br>purpose &<br>services to<br>determine if a<br>finance charge<br>and if a one time<br>fee at closing.<br>Please provide<br>lender attestation<br>providing the<br>additional<br>information to<br>determine if<br>finance charges.<br>Seller Comment<br>(2025-02-03):<br>Finance Charge |  | 02/21/2025 |  | 2 C B |  | [Redact] | Primary | Purchase | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 97 | [Redact] | 9044268 | [Redact] |  | 32714915 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Final<br>Closing<br>Disclosure<br>Finance<br>Charge | TILA-RESPA<br>Integrated<br>Disclosure - Loan<br>Calculations: Final<br>Closing Disclosure<br>provided on<br>[Redacted]<br>disclosed an<br>inaccurate Finance<br>Charge on page 5<br>that does not match<br>the actual Finance<br>Charge for the loan.<br>The disclosed<br>Finance Charge in<br>the amount of<br>$[Redacted] is<br>under disclosed by<br>$[Redacted]<br>compared to the<br>calculated Finance<br>Charge of<br>$[Redacted] which<br>exceeds the<br>$[Redacted]<br>threshold (fee<br>amounts included<br>in Finance Charge<br>calculation are<br>based on Closing<br>Disclosure dated<br>[Redacted]). | The difference is<br>due to the Title-Tax<br>Map Verification<br>was included in the<br>prepaid finance<br>charges. Unable to<br>determine the root<br>of the fee to<br>determine if it<br>should be included<br>in the prepaid<br>finance charges or<br>not. |  |  |  | Reviewer<br>Comment (2025-<br>02-21):<br>[Redacted]<br>received PCCD,<br>LOE, Copy of<br>refund check and<br>proof of mailing.<br>Seller Comment<br>(2025-02-20):<br>cure Reviewer<br>Comment (2025-<br>02-04):<br>[Redacted]<br>received rebuttal<br>and finance<br>charge<br>calculation.<br>Appears there are<br>2 fees being<br>included in the<br>[Redacted]<br>calculation that<br>lender did not<br>include. The<br>rebuttal did not<br>give the specific<br>purpose and<br>services in order<br>to determine if a<br>finance charge.<br>Regarding the<br>Title-Service<br>Charge of<br>$[Redacted],<br>rebuttal states the<br>fee is generally<br>not considered an<br>APR fee, but no<br>explanation of the<br>services &<br>purpose of this<br>fee was<br>explained. The<br>other fee for the<br>Title-Tax Map<br>Verification fee<br>for $[Redacted]<br>did not clarify the<br>purpose &<br>services to<br>determine if a<br>finance charge<br>and if a one time<br>fee at closing.<br>Please provide<br>lender attestation<br>providing the<br>additional<br>information to<br>determine if<br>finance charges.<br>Seller Comment<br>(2025-02-03):<br>Finance Charge |  | 02/21/2025 |  | 2 C B |  | [Redact] | Primary | Purchase | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Refund check<br>for<br>underdisclosed<br>amount,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 | [Redact] | 9135931 | [Redact] |  | 33385797 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance exceeded<br>for Transfer Tax.<br>Fee Amount of<br>$[Redacted]<br>exceeds tolerance<br>of $[Redacted] .<br>Insufficient or no<br>cure was provided<br>to the borrower. | Transfer Tax Fee<br>was last disclosed<br>as $[Redacted] on<br>LE but disclosed as<br>$[Redacted] on<br>Final Closing<br>Disclosure. File<br>does not contain a<br>valid COC for this<br>fee, nor evidence of<br>cure in file. Provide<br>a post-close CD<br>disclosing the<br>tolerance cure to<br>include<br>$[Redacted] ,<br>a copy of refund<br>check, proof of<br>delivery, and a copy<br>of the letter of<br>explanation sent to<br>the borrower<br>disclosing the<br>changes made. |  |  |  | Reviewer<br>Comment (2025-<br>05-14):<br>[Redacted]<br>Received Letter<br>of Explanation,<br>payment history<br>and Corrected<br>CD. Seller<br>Comment (2025-<br>05-13): cure |  | 05/14/2025 |  | 2 C B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 | [Redact] | 9135931 | [Redact] |  | 33388942 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  |  |  |  |  | Reviewer<br>Comment (2025-<br>05-05):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment (2025-<br>05-03):<br>Additional<br>secondary<br>valuation (CDA)<br>ordered at the<br>request of the<br>client. Seller<br>Comment (2025-<br>05-02): HVE<br>Reviewer<br>Comment (2025-<br>04-30):<br>Additional<br>secondary<br>valuation (CDA)<br>ordered at the<br>request of the<br>client. | 05/05/2025 |  |  | 1 D A |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | D B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 | [Redact] | 9135931 | [Redact] |  | 33396335 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer Comment<br>(2025-05-05):<br>Secondary<br>valuation obtained<br>Reviewer Comment<br>(2025-05-05):<br>Valuation Received<br>- [Redacted] | 05/05/2025 |  |  | 1 A |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | D B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 9 | [Redact] | 9135937 | [Redact] |  | 33382852 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is<br>missing a<br>copy of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes |  |  |  | Reviewer Comment<br>(2025-05-05):<br>Secondary<br>valuation obtained<br>Reviewer Comment<br>(2025-05-03):<br>Additional<br>secondary valuation<br>(CDA) ordered at<br>the request of the<br>client. Seller<br>Comment (2025-<br>05-02): HVE<br>Reviewer Comment<br>(2025-04-30):<br>Additional<br>secondary valuation<br>(CDA) ordered at<br>the request of the<br>client. | 05/05/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 9 | [Redact] | 9135937 | [Redact] |  | 33382865 |  | Credit | Hazard<br>Insurance | Insufficient<br>Coverage | Hazard<br>Insurance | The Hazard<br>Insurance<br>Policy<br>effective date<br>is after the<br>funds<br>disbursed. | Hazard<br>Insurance<br>Policy Effective<br>Date ___;<br>Disbursement<br>Date: ___; Note<br>Date: ___;<br>Transaction<br>Date: ___ | Guidelines do<br>not allow for<br>the Hazard<br>Insurance<br>Policy to<br>have an<br>effective date<br>that is after<br>the later of<br>the<br>disbursement,<br>note or<br>transaction<br>date. | Borrower's<br>monthly<br>reserves have<br>been verified<br>and exceed<br>the guideline<br>required<br>amount by<br>the<br>equivalent of<br>[Redacted]<br>months<br>PITIA or<br>more.<br>Borrower has<br>been<br>employed in<br>the same<br>industry for<br>more than<br>[Redacted]<br>years.<br>Borrower has<br>verified<br>disposable<br>income of at<br>least<br>$[Redacted].<br>Borrower has<br>worked in the<br>same position<br>for more than<br>[Redacted]<br>years.<br>Borrowers<br>made a down<br>payment<br>from their<br>own funds on<br>this purchase<br>transaction of<br>at least<br>[Redacted]%<br>and<br>$[Redacted].<br>The<br>representative<br>FICO score<br>exceeds the<br>guideline<br>minimum by<br>at least<br>[Redacted]<br>points. The<br>representative<br>FICO score is<br>above<br>[Redacted]. | reserves of<br>[Redacted]<br>months or<br>$[Redacted] | [Redact],Aggregator<br>[Redact] [Redact]<br>[Redact] [Redact]<br>[Redact] [Redact] | Reviewer Comment<br>(2025-05-23):<br>Client elected to<br>waive the condition<br>with the following<br>compensating<br>factors: reserves of<br>[Redacted] months<br>or $[Redacted]<br>Reviewer Comment<br>(2025-05-23):<br>Attestation from<br>lender provided<br>stating no claims<br>were filed on the<br>property between<br>closing and the<br>effective date.<br>Elevated to the<br>client for review.<br>Seller Comment<br>(2025-05-23):<br>Attestation Buyer<br>Comment (2025-<br>05-22): Servicer<br>stated "no default<br>activity". Please<br>provide proof that<br>no claims have been<br>filed. Reviewer<br>Comment (2025-<br>05-22): Seller<br>provided proof<br>there were no<br>claims filed prior to<br>the effective date.<br>Elevated to the<br>client for review.<br>Seller Comment<br>(2025-05-22):<br>Evidence of no<br>claims filed |  |  | 05/23/2025 | 2 C B |  | [Redact] | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 9 | [Redact] | 9135937 | [Redact] |  | 33396336 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer Comment<br>(2025-05-05):<br>Secondary<br>valuation obtained<br>Reviewer Comment<br>(2025-05-05):<br>Valuation Received<br>- [Redacted] | 05/05/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 11 | [Redact] | 9135938 | [Redact] |  | 33388242 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | The file is<br>missing most<br>recent Tax<br>Transcripts. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Second<br>Home | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 11 | [Redact] | 9135938 | [Redact] |  | 33388243 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | The file is<br>missing most<br>recent Tax<br>Transcripts. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Second<br>Home | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 11 | [Redact] | 9135938 | [Redact] |  | 33388244 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | The file is<br>missing most<br>recent Tax<br>Transcripts. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Second<br>Home | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 11 | [Redact] | 9135938 | [Redact] |  | 33388245 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | The file is<br>missing most<br>recent Tax<br>Transcripts. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Second<br>Home | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 11 | [Redact] | 9135938 | [Redact] |  | 33388246 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | The file is<br>missing most<br>recent Tax<br>Transcripts. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Second<br>Home | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 12 | [Redact] | 9135930 | [Redact] |  | 33402749 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Credit Report<br>Fee was last<br>disclosed as<br>$[Redacted]<br>on Loan<br>Estimate but<br>disclosed as<br>$[Redacted]<br>on Final<br>Closing<br>Disclosure<br>dated<br>[Redacted].<br>File does not<br>contain a<br>valid COC<br>for this fee,<br>nor evidence<br>of cure in<br>file. |  |  |  | Reviewer Comment<br>(2025-05-21):<br>[Redacted] received<br>PCCD, LOE and<br>principal reduction<br>of cure. Seller<br>Comment (2025-<br>05-20): cure |  | 05/21/2025 |  | 2 C B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 12 | [Redact] | 9135930 | [Redact] |  | 33404488 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide<br>a copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 05/03/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 13 | [Redact] | 9135921 | [Redact] |  | 33399898 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is<br>missing a<br>copy of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer Comment<br>(2025-05-05):<br>Secondary<br>valuation obtained<br>Seller Comment<br>(2025-05-05):<br>AVM Reviewer<br>Comment (2025-<br>05-02): Additional<br>secondary valuation<br>(CDA) ordered at<br>the request of the<br>client. | 05/05/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 13 | [Redact] | 9135921 | [Redact] |  | 33405178 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted]/<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer Comment<br>(2025-05-05):<br>Secondary<br>valuation obtained<br>Reviewer Comment<br>(2025-05-05):<br>Valuation Received<br>- [Redacted] | 05/05/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 14 | [Redact] | 9135926 | [Redact] |  | 33382268 |  | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title Policy<br>Amount of ___<br>is less than the<br>note amount of<br>___ based on<br>the ___ in file. | The<br>preliminary<br>title report in<br>the file did<br>not disclose<br>the amount of<br>title<br>insurance<br>coverage.<br>Provide a<br>copy of the<br>final title<br>policy or an<br>addendum to<br>the<br>preliminary<br>report<br>verifying title<br>insurance of<br>at least the<br>loan amount. |  |  |  |  |  |  | 04/30/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 17 | [Redact] | 9133987 | [Redact] |  | 33386297 |  | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | - | HOA<br>Verification<br>is not<br>available in<br>file. |  |  |  | Reviewer Comment<br>(2025-05-13): Proof<br>there is no HOA<br>was provided.<br>Revised 1003 and<br>1008 provided<br>removing the<br>"other" expenses<br>from the PITIA<br>Seller Comment<br>(2025-05-12):<br>Revised 1008 and<br>1003 Reviewer<br>Comment (2025-<br>05-09): Received<br>breakdown. Please<br>provide an updated<br>final 1003 reducing<br>the P&I figure for<br>the REO so that it is<br>in line with the<br>mortgage statement<br>in file. P&I should<br>be $[Redacted] per<br>statement. Seller<br>Comment (2025-<br>05-08): Please see<br>attached Reviewer<br>Comment (2025-<br>05-05): Response<br>states there is no<br>HOA dues;<br>however, the final<br>1003 identified the<br>PITIA for the<br>property as<br>$[Redacted] ,<br>including<br>$[Redacted] in<br>Monthly Insurance,<br>Taxes, Association<br>Dues, etcThe<br>mortgage statement<br>in file verified the<br>taxes and insurance<br>were included in the<br>payment of<br>$[Redacted].<br>Unable to<br>determine what the<br>additional<br>$[Redacted]<br>identified on the<br>1003 is for. Provide<br>additional<br>documentation to<br>support the<br>$[Redacted] PITIA.<br>Condition remains<br>Seller Comment<br>(2025-05-02): As it<br>applies to HOA<br>dues, our process is<br>to look at the<br>address and other<br>documentation in<br>the file. If nothing<br>indicates a condo or<br>PUD (ex. Unit<br>number) we<br>typically will not<br>request verification<br>of HOA. I googled<br>the property and it<br>is in an older,<br>established<br>neighborhood<br>where HOA dues<br>are unlikely. | 05/13/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 18 | [Redact] | 9135924 | [Redact] |  | 33383446 |  | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title Policy<br>Amount of ___<br>is less than the<br>note amount of<br>___ based on<br>the ___ in file. | The Title<br>Policy<br>Amount of<br>$[Redacted]<br>is less than<br>the note<br>amount of<br>$[Redacted]<br>based on the<br>Commitment<br>in file. |  |  |  |  |  |  | 04/30/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 18 | [Redact] | 9135924 | [Redact] |  | 33385063 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide<br>a copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>of appraisal<br>was delivered<br>to borrower<br>was not<br>provided |  |  |  |  |  |  | 04/30/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | [Redact] | 9133988 | [Redact] |  | 33386378 |  | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | - |  |  |  |  | Reviewer Comment<br>(2025-05-12):<br>Transcripts<br>provided Seller<br>Comment (2025-<br>05-09): Please see<br>transcripts attached | 05/12/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | [Redact] | 9133988 | [Redact] |  | 33386556 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is<br>missing a<br>copy of the<br>secondary<br>valuation<br>required for<br>securitization<br>Purposes. |  |  |  | Reviewer Comment<br>(2025-05-05):<br>Secondary<br>valuation obtained<br>Reviewer Comment<br>(2025-05-03):<br>Additional<br>secondary valuation<br>(CDA) ordered at<br>the request of the<br>client. Seller<br>Comment (2025-<br>05-02): HVE<br>Reviewer Comment<br>(2025-04-30):<br>Additional<br>secondary valuation<br>(CDA) ordered at<br>the request of the<br>client. | 05/05/2025 |  |  | 1 D A |  | [Redact] | Second<br>Home | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | [Redact] | 9133988 | [Redact] |  | 33386570 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Missing<br>Document:<br>Appraisal was<br>made "subject<br>to" and Form<br>1004D/442<br>was not<br>provided. | - | The file was<br>missing a<br>copy of the<br>442 images<br>certificate. |  |  |  | Reviewer Comment<br>(2025-05-03): As-is<br>appraisal provided<br>Seller Comment<br>(2025-05-02): As Is<br>Appraisal | 05/03/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | [Redact] | 9133988 | [Redact] |  | 33386625 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM: Based<br>on the loan failing<br>one or more<br>guideline<br>components, the<br>loan is at QM risk. |  |  |  |  | Reviewer<br>Comment<br>(2025-05-12):<br>Transcripts<br>provided | 05/12/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | [Redact] | 9133988 | [Redact] |  | 33386627 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance exceeded<br>for Septic Repairs<br>Fee. Fee Amount of<br>$[Redacted]<br>exceeds tolerance<br>of $0.00.<br>Insufficient or no<br>cure was provided<br>to the borrower. | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Septic Repairs<br>Fee. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to<br>the borrower. |  |  |  | Reviewer<br>Comment<br>(2025-05-09):<br>[Redacted]<br>received valid<br>COC dated<br>[Redacted]<br>Seller Comment<br>(2025-05-07):<br>Change of<br>Circumstance<br>Reviewer<br>Comment<br>(2025-05-07):<br>[Redacted]<br>received COC<br>dated<br>[Redacted]<br>whereas the fee<br>added on CD<br>dated<br>[Redacted] for<br>$[Redacted]<br>.Kindly provide<br>a valid COC for<br>the fee added or<br>provide cure<br>docs. Cure<br>documents<br>consist of Post<br>CD,LOX,Copy<br>of refund check<br>and proof of<br>mailing. Seller<br>Comment<br>(2025-05-06):<br>CIC | 05/09/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | [Redact] | 9133988 | [Redact] |  | 33386628 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified Mortgage<br>(Dodd-Frank 2014):<br>Originator Loan<br>Designation of Safe<br>Harbor QM<br>(APOR) does not<br>match Due<br>Diligence Loan<br>Designation of QM<br>(APOR) Risk. | Loan<br>designation<br>failure due to<br>QM failure.<br>This exception<br>will be cleared<br>once all QM<br>specific<br>exceptions<br>have been<br>cured/cleared. |  |  |  | Reviewer<br>Comment<br>(2025-05-12):<br>Transcripts<br>provided | 05/12/2025 |  |  | 1 B A C |  | [Redact] | Second<br>Home | Purchase | Lender to<br>provide<br>updated ATR/<br>QM status D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | [Redact] | 9133988 | [Redact] |  | 33387693 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations<br>Rule (Dodd-Frank<br>2014): Creditor did<br>not provide a copy<br>of each valuation to<br>applicant three (3)<br>business days prior<br>to consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 04/30/2025 | 2 B |  | [Redact] | Second<br>Home | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | [Redact] | 9133988 | [Redact] |  | 33388948 |  | Compliance | Compliance | Federal<br>Compliance | Missing<br>Required Data<br>(other than<br>HUD-1 or<br>Note) | Disparity in<br>Occupancy -<br>Not High Cost<br>and Not<br>Higher Priced | The mortgage loan<br>file contains<br>documenting<br>evidence the<br>consumer intends to<br>occupy the subject<br>property as their<br>[Redacted].<br>(Compliance testing<br>performed based on<br>the Occupancy<br>Type of<br>[Redacted]). |  |  |  |  |  |  |  | 04/30/2025 | 2 B |  | [Redact] | Second<br>Home | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | [Redact] | 9133988 | [Redact] |  | 33396337 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-05-05):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-05-05):<br>Valuation<br>Received -<br>[Redacted] | 05/05/2025 |  |  | 1 A |  | [Redact] | Second<br>Home | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 20 | [Redact] | 9133989 | [Redact] |  | 33422215 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Final<br>Closing<br>Disclosure<br>Amount<br>Financed Test | TILA-RESPA<br>Integrated<br>Disclosure - Loan<br>Calculations: Final<br>Closing Disclosure<br>provided on<br>[Redacted]disclosed<br>an Amount<br>Financed disclosed<br>an inaccurate<br>Amount Financed.<br>The disclosed<br>Amount Financed<br>in the amount of<br>$[Redacted] is over<br>disclosed by<br>$[Redacted]<br>compared to the<br>calculated Amount<br>Financed of<br>$[Redacted] and the<br>disclosed Finance<br>Charge is not<br>accurate within<br>applicable<br>tolerances for<br>Amount Financed<br>to be considered<br>accurate (fee<br>amounts included<br>in Amount<br>Financed and<br>Finance Charge<br>calculations are<br>based on Closing<br>Disclosure dated<br>[Redacted]). | [Redacted]<br>corrected fee<br>name on Final<br>CD to reflect<br>the [Redacted]<br>fee. Appears<br>this fee may<br>not have been<br>included in<br>lender's<br>finance charge<br>calculation<br>and finance<br>charge is<br>underdisclosed<br>by<br>$[Redacted].<br>The<br>[Redacted]<br>portion could<br>be either -<br>finance charge<br>or non-finance<br>charge. It<br>would depend<br>on what the<br>[Redacted] fee<br>purpose/<br>service is. Is<br>the [Redacted]<br>fee for<br>purposes of<br>selecting an<br>appraiser and<br>coordinating<br>receipt of<br>appraisal or<br>for reviewing,<br>confirming<br>data, and<br>verifying the<br>appraisal<br>report? This is<br>the<br>information<br>we are seeking<br>to determine<br>whether the<br>[Redacted] fee<br>is excludable.<br>Provide lender<br>attestation as<br>to the services<br>included in the<br>fee.<br>Otherwise, if a<br>lump sum<br>charged for<br>several<br>services<br>includes<br>charges that<br>are not<br>excludable, a<br>portion of the<br>total should be<br>allocated to<br>those services<br>and included<br>in the finance<br>charge. If the<br>[Redacted] fee<br>is primarily<br>for verifying<br>or confirming<br>information<br>connected to<br>the appraisal,<br>please provide<br>an attestation<br>indicating<br>such,<br>otherwise, if a<br>creditor is<br>uncertain<br>about what<br>portion of a<br>fee to be paid<br>at<br>consummation<br>or loan closing<br>is related to a<br>4c7<br>excludable<br>service, the<br>entire fee may<br>be treated as a<br>finance<br>charge. |  |  |  | Reviewer<br>Comment<br>(2025-06-09):<br>[Redacted]<br>received PCCD,<br>LOE, Copy of<br>Refund Check,<br>Re-opening of<br>Rescission and<br>Proof of<br>Receipt. Seller<br>Comment<br>(2025-06-06):<br>[Redacted]<br>Reviewer<br>Comment<br>(2025-06-03):<br>[Redacted] re-<br>reviewed<br>[Redacted]<br>tracking.<br>[Redacted]<br>independently<br>checks tracking<br>per tracking<br>label. Please<br>note the<br>[Redacted]<br>tracking label<br>tracking ID,<br>does not match<br>to the<br>[Redacted]<br>Tracking<br>provided which<br>states delivered<br>on [Redacted].<br>The tacking<br>ending in<br>[Redacted] on<br>the copy of the<br>[Redacted] label<br>shows<br>[Redacted] has<br>package and<br>was on a<br>Vacation Hold.<br>Please clarify<br>the<br>discrepancies<br>on shipping<br>labels to and<br>certify which<br>package<br>contained the<br>RTC's. Seller<br>Comment<br>(2025-06-02):<br>Re-review<br>required - The<br>[Redacted]<br>Package was<br>delivered<br>on[Redacted] as<br>per tracking<br>details provided<br>[Redacted].<br>[Redacted] is<br>not correct<br>Reviewer<br>Comment<br>(2025-05-30):<br>Per courier<br>tracking, the<br>RTC was not<br>delivered timely<br>and the<br>borrower did<br>not have three<br>days to cancel.<br>The package<br>was received on<br>[Redacted], but<br>the RTC<br>expired on<br>[Redacted].<br>Seller Comment<br>(2025-05-29):<br>[Redacted]<br>Reviewer<br>Comment<br>(2025-05-21):<br>[Redacted]<br>received copy<br>of cure refund<br>for total<br>underdisclosure.<br>Please provide<br>proof of<br>reopening<br>rescission to all<br>consumers.<br>Seller Comment<br>(2025-05-20):<br>Copy of check<br>provided,<br>[Redacted]is<br>still pending<br>Reviewer<br>Comment<br>(2025-05-14):<br>[Redacted]<br>received PCCD,<br>LOE and proof<br>of mailing. Still<br>required is copy<br>of refund check,<br>[Redacted] and<br>proof of<br>delivery of<br>[Redacted] .<br>Further, the<br>RTC must<br>allow the<br>borrower three<br>days to cancel<br>the transaction<br>from date of<br>delivery. Seller<br>Comment<br>(2025-05-13):<br>Tolerance cure -<br>[Redacted] is<br>pending |  | 06/09/2025 |  | 2 B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 20 | [Redact] | 9133989 | [Redact] |  | 33422216 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Final<br>Closing<br>Disclosure<br>Finance<br>Charge | TILA-RESPA<br>Integrated<br>Disclosure - Loan<br>Calculations: Final<br>Closing Disclosure<br>provided on<br>[Redacted]<br>disclosed an<br>inaccurate Finance<br>Charge on page 5<br>that does not match<br>the actual Finance<br>Charge for the loan.<br>The disclosed<br>Finance Charge in<br>the amount of<br>$[Redacted] is<br>under disclosed by<br>$[Redacted]<br>compared to the<br>calculated Finance<br>Charge of<br>$[Redacted] which<br>exceeds the<br>$[Redacted]<br>threshold (fee<br>amounts included<br>in Finance Charge<br>calculation are<br>based on Closing<br>Disclosure dated<br>[Redacted]). | [Redacted]<br>corrected fee<br>name on Final<br>CD to reflect<br>the [Redacted]<br>fee. Appears<br>this fee may<br>not have been<br>included in<br>lender's<br>finance charge<br>calculation<br>and finance<br>charge is<br>underdisclosed<br>by<br>$[Redacted].<br>The<br>[Redacted]<br>portion could<br>be either -<br>finance charge<br>or non-finance<br>charge. It<br>would depend<br>on what the<br>[Redacted] fee<br>purpose/<br>service is. Is<br>the [Redacted]<br>fee for<br>purposes of<br>selecting an<br>appraiser and<br>coordinating<br>receipt of<br>appraisal or<br>for reviewing,<br>confirming<br>data, and<br>verifying the<br>appraisal<br>report? This is<br>the<br>information<br>we are seeking<br>to determine<br>whether the<br>[Redacted] fee<br>is excludable.<br>Provide lender<br>attestation as<br>to the services<br>included in the<br>fee.<br>Otherwise, if a<br>lump sum<br>charged for<br>several<br>services<br>includes<br>charges that<br>are not<br>excludable, a<br>portion of the<br>total should be<br>allocated to<br>those services<br>and included<br>in the finance<br>charge. If the<br>[Redacted] fee<br>is primarily<br>for verifying<br>or confirming<br>information<br>connected to<br>the appraisal,<br>please provide<br>an attestation<br>indicating<br>such,<br>otherwise, if a<br>creditor is<br>uncertain<br>about what<br>portion of a<br>fee to be paid<br>at<br>consummation<br>or loan closing<br>is related to a<br>4c7<br>excludable<br>service, the<br>entire fee may<br>be treated as a<br>finance<br>charge. |  |  |  | Reviewer<br>Comment<br>(2025-06-09):<br>[Redacted]<br>received PCCD,<br>LOE, Copy of<br>Refund Check,<br>Re-opening of<br>Rescission and<br>Proof of<br>Receipt. Seller<br>Comment<br>(2025-06-06):<br>[Redacted]<br>Reviewer<br>Comment<br>(2025-05-30):<br>Per courier<br>tracking, the<br>RTC was not<br>delivered timely<br>and the<br>borrower did<br>not have three<br>days to cancel.<br>The package<br>was received on<br>[Redacted], but<br>the RTC<br>expired on<br>[Redacted].<br>Reviewer<br>Comment<br>(2025-05-14):<br>[Redacted]<br>received PCCD,<br>LOE and proof<br>of mailing. Still<br>required is copy<br>of refund check,<br>[Redacted] and<br>proof of<br>delivery of<br>[Redacted].<br>Further, the<br>RTC must<br>allow the<br>borrower three<br>days to cancel<br>the transaction<br>from date of<br>delivery. |  | 06/09/2025 |  | 2 B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Refund check<br>for<br>underdisclosed<br>amount,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 23 | [Redact] | 9135927 | [Redact] |  | 33386128 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Ten<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Ten<br>Percent Fee<br>Tolerance<br>exceeded. Total<br>amount of<br>$[Redacted]<br>exceeds tolerance<br>of $[Redacted] plus<br>[Redacted] %<br>or $[Redacted] .<br>Sufficient or excess<br>cure was provided<br>to the borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>(2025-04-30):<br>Sufficient Cure<br>Provided At<br>Closing |  | 04/30/2025 |  | 1 A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 23 | [Redact] | 9135927 | [Redact] |  | 33386134 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | Provide a copy<br>of the final<br>title policy or<br>an addendum<br>to the report<br>verifying title<br>insurance of at<br>least the loan<br>amount. |  |  |  |  |  |  | 04/30/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 23 | [Redact] | 9135927 | [Redact] |  | 33386282 |  | Compliance | Compliance | Federal<br>Compliance | RESPA | RESPA -<br>Initial Escrow<br>Account<br>Statement<br>Missing | RESPA: Initial<br>escrow account<br>statement was not<br>provided to the<br>borrower. | Initial escrow<br>account<br>statement was<br>not provided<br>to the<br>borrower. |  |  |  | Buyer<br>Comment<br>(2025-05-21):<br>Initial and Final<br>Grade EV2/B.<br>MS Accepts. |  |  | 05/21/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 24 | [Redact] | 9133991 | [Redact] |  | 33384175 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  |  |  |  |  | Reviewer<br>Comment<br>(2025-05-03):<br>Secondary<br>valuation<br>obtained Seller<br>Comment<br>(2025-05-02):<br>HVE Reviewer<br>Comment<br>(2025-04-30):<br>Additional<br>secondary<br>valuation<br>(CDA) ordered<br>at the request of<br>the client. | 05/03/2025 |  |  | 1 D A |  | [Redact] | Second<br>Home | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 24 | [Redact] | 9133991 | [Redact] |  | 33384211 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | QM Points and<br>Fees 2021 | Qualified Mortgage<br>(Dodd Frank 2014):<br>Points and Fees on<br>subject loan of<br>[Redacted] %<br>is in excess of the<br>allowable<br>maximum of<br>[Redacted] %<br>of the Federal Total<br>Loan Amount.<br>Points and Fees<br>total $[Redacted]<br>on a Federal Total<br>Loan Amount of<br>$[Redacted] vs. an<br>allowable total of<br>$[Redacted] (an<br>overage of<br>$[Redacted]or<br>.[Redacted]%). |  |  |  |  | Reviewer<br>Comment<br>(2025-05-07):<br>Undiscounted<br>rate and price<br>provided. A<br>portion of the<br>discount points<br>are considered<br>bona fide Seller<br>Comment<br>(2025-05-06):<br>QM | 05/07/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 24 | [Redact] | 9133991 | [Redact] |  | 33384322 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified Mortgage<br>(Dodd-Frank 2014):<br>Originator Loan<br>Designation of Safe<br>Harbor QM<br>(APOR) does not<br>match Due<br>Diligence Loan<br>Designation of QM<br>(APOR) Fail. | Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not<br>match Due<br>Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Fail. |  |  |  | Reviewer<br>Comment<br>(2025-05-07):<br>Undiscounted<br>rate and price<br>provided. A<br>portion of the<br>discount points<br>are considered<br>bona fide Seller<br>Comment<br>(2025-05-06):<br>QM | 05/07/2025 |  |  | 1 B A C |  | [Redact] | Second<br>Home | Purchase | Lender to<br>provide<br>updated ATR/<br>QM status D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 24 | [Redact] | 9133991 | [Redact] |  | 33384324 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance exceeded<br>for Loan Discount<br>Points. Fee Amount<br>of $[Redacted]<br>exceeds tolerance<br>of $[Redacted] .<br>Insufficient or no<br>cure was provided<br>to the borrower. | Loan Discount<br>Points was last<br>disclosed as<br>$[Redacted]<br>on Loan<br>Estimate but<br>disclosed as<br>$[Redacted]<br>on Final<br>Closing<br>Disclosure<br>dated<br>[Redacted].<br>File does not<br>contain a valid<br>COC for this<br>fee, nor<br>evidence of<br>cure in file. |  |  |  | Reviewer<br>Comment<br>(2025-05-07):<br>[Redacted]<br>received a valid<br>COC. Seller<br>Comment<br>(2025-05-06):<br>CIC | 05/07/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 24 | [Redact] | 9133991 | [Redact] |  | 33396338 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted]/<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-05-03):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-05-03):<br>Valuation<br>Received -<br>[Redacted] | 05/03/2025 |  |  | 1 A |  | [Redact] | Second<br>Home | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 25 | [Redact] | 9133992 | [Redact] |  | 33392070 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA Valuations<br>Rule (Dodd-Frank<br>2014): Borrower<br>waived right to<br>receive a copy of<br>the appraisal at<br>least three (3)<br>business days prior<br>to closing, and<br>appraisal was not<br>provided at or<br>before closing. | Evidence of<br>primary<br>appraisal<br>delivery to the<br>borrower was<br>not located in<br>the file. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 26 | [Redact] | 9135925 | [Redact] |  | 33391652 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations<br>Rule (Dodd-Frank<br>2014): Creditor did<br>not provide a copy<br>of each valuation to<br>applicant three (3)<br>business days prior<br>to consummation. | Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | [Redact] | 9133994 | [Redact] |  | 33391804 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | Missing<br>Document:<br>Missing Final<br>1003 |  | Final 1003 is<br>missing in the<br>file. |  |  |  | Reviewer<br>Comment<br>(2025-05-13):<br>Final 1003<br>provided Seller<br>Comment<br>(2025-05-12):<br>E-signed Final<br>1003 | 05/13/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | [Redact] | 9133994 | [Redact] |  | 33391996 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations<br>Rule (Dodd-Frank<br>2014): Creditor did<br>not provide a copy<br>of each valuation to<br>applicant three (3)<br>business days prior<br>to consummation. | ECOA<br>Receipt of<br>Appraisal after<br>Waiver |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | [Redact] | 9133994 | [Redact] |  | 33391997 |  | Compliance | Compliance | Federal<br>Compliance | RESPA | RESPA -<br>Initial Escrow<br>Account<br>Statement<br>Missing | RESPA: Initial<br>escrow account<br>statement was<br>not provided to<br>the borrower. | Initial escrow<br>account<br>statement is<br>missing in the<br>file. |  |  |  | Buyer<br>Comment<br>(2025-05-<br>21): Initial<br>and Final<br>Grade<br>EV2/B. MS<br>Accepts. |  |  | 05/21/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 30 | [Redact] | 9133996 | [Redact] |  | 33388611 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted] .<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted] .<br>Insufficient or<br>no cure was<br>provided to the<br>borrower |  |  |  | Reviewer<br>Comment<br>(2025-05-<br>13):<br>[Redacted]<br>received<br>valid COC<br>dated<br>[Redacted]<br>Seller<br>Comment<br>(2025-05-<br>12): CIC | 05/13/2025 |  |  | 1 C A |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 30 | [Redact] | 9133996 | [Redact] |  | 33388612 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Document<br>Preparation<br>Fee. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Document<br>Preparation<br>Fee. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-05-<br>23):<br>[Redacted]<br>Received<br>Valid COC<br>dated<br>[Redacted].<br>Seller<br>Comment<br>(2025-05-<br>22): CEMA<br>CIC | 05/23/2025 |  |  | 1 C A |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 30 | [Redact] | 9133996 | [Redact] |  | 33388613 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Attorney's Fee<br>(Closing Agent<br>and Other). Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Attorney's Fee<br>(Closing Agent<br>and Other).<br>Fee Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower |  |  |  | Reviewer<br>Comment<br>(2025-06-<br>03):<br>[Redacted]<br>Received<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD. Seller<br>Comment<br>(2025-06-<br>02): cure<br>Reviewer<br>Comment<br>(2025-05-<br>23):<br>[Redacted]<br>Received<br>COC dated<br>[Redacted].<br>Provide<br>Cure Docs<br>for<br>$[Redacted].<br>Cure<br>consists of<br>Corrected<br>CD, LOE to<br>borrower,<br>proof of<br>mailing and<br>copy of<br>refund<br>check.<br>Seller<br>Comment<br>(2025-05-<br>22): CEMA<br>CIC |  | 06/03/2025 |  | 2 C B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  | 33391597 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  | 33391599 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Ten<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Ten<br>Percent Fee<br>Tolerance<br>exceeded. Total<br>amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted]<br>plus<br>[Redacted]% or<br>$[Redacted].<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. | Ten Percent<br>Fee Tolerance<br>exceeded.<br>Total amount<br>of $[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted]<br>plus<br>[Redacted]%<br>or<br>$[Redacted].<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing |  |  |  | Reviewer<br>Comment<br>(2025-05-<br>01):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 05/01/2025 |  | 1 A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  | 33391608 |  | Credit | Credit | Credit<br>Documentation | Credit | No evidence of<br>fraud report in<br>file | - | No evidence of<br>fraud report in<br>file. |  |  |  | Reviewer<br>Comment<br>(2025-05-<br>06): Fraud<br>report<br>provided<br>Seller<br>Comment<br>(2025-05-<br>05): Fraud<br>report | 05/06/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  | 33391614 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>Fraud Report<br>not provided |  | The file is<br>missing a copy<br>of Fraud report<br>document. |  |  |  | Reviewer<br>Comment<br>(2025-05-<br>06): Fraud<br>report<br>provided<br>Seller<br>Comment<br>(2025-05-<br>05): Fraud<br>report | 05/06/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 34 | [Redact] | 9135939 | [Redact] |  | 33386831 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes |  |  |  | Reviewer<br>Comment<br>(2025-05-<br>02):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-04-<br>30):<br>Additional <br>secondary<br>valuation<br>(CDA)<br>ordered at<br>the request<br>of the client. | 05/02/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 34 | [Redact] | 9135939 | [Redact] |  | 33396339 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted]/<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-05-<br>02):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-05-<br>02):<br>Valuation <br>Received -<br>[Redacted] | 05/02/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 35 | [Redact] | 9135936 | [Redact] |  | 33387947 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return<br>End Date<br>[Redacted],<br>Tax Return<br>Due Date<br>[Redacted]. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 35 | [Redact] | 9135936 | [Redact] |  | 33398426 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 37 | [Redact] | 9135941 | [Redact] |  | 33387411 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | The file is<br>missing the<br>required Most<br>Recent Tax<br>Return. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 37 | [Redact] | 9135941 | [Redact] |  | 33387412 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | The file is<br>missing the<br>required Most<br>Recent Tax<br>Return. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 37 | [Redact] | 9135941 | [Redact] |  | 33387413 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>[Redacted]<br>exceeds<br>tolerance of $-<br>[Redacted].<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Lender<br>Credits. Final<br>Lender Credit<br>of $-<br>[Redacted]<br>exceeds<br>tolerance of $-<br>[Redacted] .<br>No cure was<br>provided to the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-05-<br>15):<br>[Redacted]<br>Received<br>Letter of<br>Explanation,<br>Payment<br>history and<br>Corrected<br>CD. Seller<br>Comment<br>(2025-05-<br>14): Please<br>see attached |  | 05/15/2025 |  | 2 C B |  | [Redact] | Second<br>Home | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 37 | [Redact] | 9135941 | [Redact] |  | 33387474 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | Mismatch of<br>data related to<br>Occupancy. | - | The final 1003<br>declarations<br>section states<br>the borrowers<br>will occupy<br>the subject as a<br>primary<br>residence.<br>Provide a<br>revised final<br>1003 with the<br>updated<br>declarations<br>section. |  |  |  | Reviewer<br>Comment<br>(2025-05-<br>13): Revised<br>1003<br>provided<br>Seller<br>Comment<br>(2025-05-<br>12): 1003 | 05/13/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 37 | [Redact] | 9135941 | [Redact] |  | 33398690 |  | Compliance | Compliance | Federal<br>Compliance | Missing<br>Required Data<br>(other than<br>HUD-1 or<br>Note) | Disparity in<br>Occupancy -<br>Not High Cost<br>and Not<br>Higher Priced | The mortgage<br>loan file<br>contains<br>documenting<br>evidence the<br>consumer<br>intends to<br>occupy the<br>subject<br>property as<br>their<br>[Redacted].<br>(Compliance<br>testing<br>performed<br>based on the<br>Occupancy<br>Type of<br>[Redacted]). | There is<br>evidence in the<br>declarations<br>section of the<br>initial 1003<br>that the<br>borrower<br>intends to<br>occupy the<br>property as<br>their<br>[Redacted] |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 39 | [Redact] | 9135934 | [Redact] |  | 33388326 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 39 | [Redact] | 9135934 | [Redact] |  | 33388327 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | The file is<br>missing most<br>recent Tax<br>Returns. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 39 | [Redact] | 9135934 | [Redact] |  | 33388328 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | The file is<br>missing most<br>recent Tax<br>Returns. |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 39 | [Redact] | 9135934 | [Redact] |  | 33388329 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit Tolerance<br>Violation<br>Without<br>Sufficient Cure<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $0.00<br>exceeds<br>tolerance of $-<br>[Redacted] .<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Lender<br>Credits. Final<br>Lender Credit<br>of $0.00<br>exceeds<br>tolerance of $-<br>[Redacted]. no<br>cure was<br>provided to the<br>borrower. |  |  |  | Reviewer Comment<br>(2025-05-13):<br>[Redacted] received<br>COC dated [Redacted]<br>Seller Comment<br>(2025-05-12): CIC | 05/13/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 39 | [Redact] | 9135934 | [Redact] |  | 33388331 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient Cure<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00. no cure<br>was provided<br>to the<br>borrower. |  |  |  | Reviewer Comment<br>(2025-05-13):<br>[Redacted]received<br>COC dated [Redacted]<br>Seller Comment<br>(2025-05-12): CIC | 05/13/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 40 | [Redact] | 9135932 | [Redact] |  | 33391291 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal<br>- Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  | 05/01/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 40 | [Redact] | 9135932 | [Redact] |  | 33399408 |  | Credit | Missing<br>Document | General | Missing<br>Document | Missing<br>Document:<br>Buydown<br>Agreement not<br>provided |  | The file is<br>missing the<br>fully executed<br>Buydown<br>Agreement.<br>Only page 1 of<br>2 is in file. |  |  |  | Reviewer Comment<br>(2025-05-13): Fully<br>executed buydown<br>agreement provided<br>Seller Comment<br>(2025-05-12):<br>Buydown agreement | 05/13/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | [Redact] | 9134000 | [Redact] |  | 33396964 |  | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO Documents<br>are missing. | - | Missing<br>verification of<br>Taxes and<br>HOA. |  |  |  | Reviewer Comment<br>(2025-05-15): Tax<br>Cert provided Seller<br>Comment (2025-05-<br>14): Taxes attached.<br>As it applies to HOA<br>dues, our process is to<br>look at the address and<br>other documentation in<br>the file. If nothing<br>indicates a condo or<br>PUD (ex. Unit<br>number) we typically<br>will not request<br>verification of HOA. | 05/15/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | [Redact] | 9134000 | [Redact] |  | 33396969 |  | Credit | Credit | Credit<br>Documentation | Credit | No evidence of<br>fraud report in<br>file | - |  |  |  |  | Reviewer Comment<br>(2025-05-05): Fraud<br>Report provided.<br>Exception cleared.<br>Seller Comment<br>(2025-05-05): Fraud<br>Report | 05/05/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | [Redact] | 9134000 | [Redact] |  | 33396972 |  | Credit | Asset | Asset<br>Documentation | Asset | Guideline<br>Issue:Insufficient<br>asset<br>documentation. | - | Per AUS,<br>depository<br>accounts must<br>cover a two<br>month period. |  |  |  | Reviewer Comment<br>(2025-05-15):<br>Additional months<br>statement provided | 05/15/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | [Redact] | 9134000 | [Redact] |  | 33396980 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>Fraud Report not<br>provided |  |  |  |  |  | Reviewer Comment<br>(2025-05-05): Fraud<br>Report provided.<br>Exception cleared.<br>Seller Comment<br>(2025-05-05): Fraud<br>report | 05/05/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | [Redact] | 9134000 | [Redact] |  | 33396990 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Risk. | Loan<br>designation<br>failure due to<br>QM failure.<br>This exception<br>will be cleared<br>once all QM<br>specific<br>exceptions<br>have been<br>cured/cleared. |  |  |  | Reviewer Comment<br>(2025-05-15):<br>Additional months<br>asset statement and<br>pay stub provided | 05/15/2025 |  |  | 1 B A C |  | [Redact] | Second<br>Home | Purchase | Lender to<br>provide<br>updated ATR/<br>QM status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | [Redact] | 9134000 | [Redact] |  | 33396991 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Income/Asset<br>Guideline<br>Deficiency - QM<br>Impact | General QM:<br>There are<br>guideline<br>deficiencies<br>related to<br>income and/or<br>asset doc<br>requirements<br>which could<br>result in a risk<br>to the<br>borrower's<br>ability to repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) |  |  |  |  | Reviewer Comment<br>(2025-05-15):<br>Additional months<br>asset statement and<br>pay stub provided | 05/15/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | [Redact] | 9134000 | [Redact] |  | 33396992 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient Cure<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Administration<br>Fee. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Administration<br>Fee. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  | Reviewer Comment<br>(2025-06-04):<br>[Redacted] received<br>PCCD, LOE, proof of<br>mailing & copy of<br>refund check. Seller<br>Comment (2025-06-<br>03): cure |  | 06/04/2025 |  | 2 C B |  | [Redact] | Second<br>Home | Purchase | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | [Redact] | 9134000 | [Redact] |  | 33396997 |  | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Income<br>documentation<br>requirements not<br>met. |  | AUS requires<br>a paystub and<br>W2 from prior<br>year. The file<br>is missing a<br>YTD pay stub<br>or a WVOE |  |  |  | Reviewer Comment<br>(2025-05-15): Pay stub<br>provided Seller<br>Comment (2025-05-<br>14): Pay Stub and W2 | 05/15/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | [Redact] | 9134000 | [Redact] |  | 33396999 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing one<br>or more<br>guideline<br>components,<br>the loan is at<br>QM risk. |  |  |  |  | Reviewer Comment<br>(2025-05-15):<br>Additional months<br>asset statement and<br>pay stub provided | 05/15/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | [Redact] | 9134000 | [Redact] |  | 33399013 |  | Credit | Asset | Asset<br>Documentation | Asset | Asset<br>documentation<br>requirements not<br>met. |  | Per AUS,<br>depository<br>accounts must<br>cover a two<br>month period.<br>Missing<br>additional<br>statement for<br>checking<br>account<br>ending in<br>[Redacted]. |  |  |  | Reviewer Comment<br>(2025-05-15):<br>Additional months<br>statement provided<br>Seller Comment<br>(2025-05-14):<br>[Redacted]#[Redacted] | 05/15/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 99 | [Redact] | 9134002 | [Redact] |  | 33400077 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal<br>- Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 05/02/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 99 | [Redact] | 9134002 | [Redact] |  | 33400079 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure Total<br>Of Payments | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Calculations:<br>Final Closing<br>Disclosure<br>provided on<br>[Redacted]<br>disclosed an<br>inaccurate<br>Total of<br>Payments on<br>page 5 that<br>does not match<br>the actual total<br>of payments for<br>the loan (fee<br>amounts<br>included in<br>TOP<br>calculation are<br>based on<br>Closing<br>Disclosure<br>dated<br>[Redacted]).<br>The disclosed<br>Total of<br>Payments in the<br>amount of<br>$[Redacted] is<br>under disclosed<br>by $[Redacted]<br>compared to the<br>calculated total<br>of payments of<br>$[Redacted]<br>which exceeds<br>the $[Redacted]<br>threshold. | The post-close<br>CD issued<br>[Redacted]<br>disclosed<br>Total Loan<br>Costs<br>(Borrower<br>Paid) in<br>section D of<br>page 2 as<br>$[Redacted];<br>however the<br>Total Loan<br>Costs<br>(Borrower<br>Paid) in<br>section D of<br>page 2 on the<br>final CD were<br>$[Redacted], a<br>difference of<br>$[Redacted].<br>TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Refund check<br>for under-<br>disclosed<br>equivalent<br>amount,<br>Corrected CD,<br>and Re-open<br>Rescission if<br>Applicable. |  |  |  | Reviewer Comment<br>(2025-05-16): Cured<br>prior to discovery.<br>Seller Comment<br>(2025-05-15): Please<br>see attached |  | 05/16/2025 |  | 2 C B |  | [Redact] | Primary | Purchase | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Refund check<br>for<br>underdisclosed<br>equivalent<br>amount,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 101 | [Redact] | 9135928 | [Redact] |  | 33399741 |  | Credit | Title | General | Title | Title Policy<br>Coverage is less<br>than Original<br>Loan Amount. | The Title<br>Policy Amount<br>of ___ is less<br>than the note<br>amount of ___<br>based on the<br>___ in file. | The Title<br>Policy has a<br>coverage<br>amount of<br>$[Redacted]<br>this is less<br>than the note<br>amount of<br>$[Redacted]<br>Please provide<br>an updated<br>title<br>Commitment<br>or final title. |  |  |  |  |  |  | 05/02/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Limited<br>Cash-out<br>GSE | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 101 | [Redact] | 9135928 | [Redact] |  | 33399752 |  | Credit | Documents | Missing<br>Document | Documents | File does not<br>contain<br>documentation<br>from lender/<br>seller confirming<br>the condo is<br>warrantable. | - | File does not<br>contain<br>documentation<br>from lender/<br>seller<br>confirming the<br>condo is<br>warrantable. |  |  |  | Reviewer Comment<br>(2025-05-23):<br>Attestation provided<br>Buyer Comment<br>(2025-05-23): Condo<br>attestation Reviewer<br>Comment (2025-05-<br>22): Client requested<br>the condition be re-<br>opened. A document is<br>required to be<br>provided identifying<br>the project is<br>warrantable. Reviewer<br>Comment (2025-05-<br>20): Lender comments<br>in the rebuttal<br>confirmed the project<br>is warrantable.<br>Documentation<br>provided did not<br>confirm; however the<br>rebuttal comments are<br>acceptable. Seller<br>Comment (2025-05-<br>19): Per [Redacted]<br>announcement<br>[Redacted] attached,<br>the documentation we<br>provided is sufficient<br>to cofirm the condo is<br>warrantable. Addition<br>attestations are not<br>required. Reviewer<br>Comment (2025-05-<br>15): The HOA<br>questionnaire in file<br>from the HOA is not<br>acceptable. The file is<br>missing documentation<br>from the seller/lender<br>confirming the condo<br>is warrantable.<br>Condition remains<br>Seller Comment<br>(2025-05-14): Please<br>see attached | 05/23/2025 |  |  | 1 C A |  | [Redact] | Primary | Refinance<br>- Limited<br>Cash-out<br>GSE | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 101 | [Redact] | 9135928 | [Redact] |  | 33399757 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal<br>- Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 05/02/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Limited<br>Cash-out<br>GSE | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | [Redact] | 9135933 | [Redact] |  | 33386707 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>Fraud Report not<br>provided |  | The file was<br>missing a copy<br>of the required<br>fraud report<br>including all<br>interested<br>parties to the<br>transaction. |  |  |  | Reviewer Comment<br>(2025-05-12): Fraud<br>report and updated<br>documentation<br>provided confirming<br>all participants were<br>checked Seller<br>Comment (2025-05-<br>09): LDP, GSA<br>Reviewer Comment<br>(2025-05-09): Fraud<br>report provided did not<br>include all participants<br>on the loan in the<br>search. The loan<br>officer, appraiser,<br>sellers, etcmust be<br>included in the report.<br>Condition remains<br>Seller Comment<br>(2025-05-08): LDP,<br>GSA Reviewer<br>Comment (2025-05-<br>05): Fraud report<br>provided did not<br>include all participants<br>on the loan in the<br>search. The loan<br>officer, appraiser,<br>sellers, etcmust be<br>included in the report.<br>Condition remains<br>Seller Comment<br>(2025-05-02): Fraud<br>Report | 05/12/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | [Redact] | 9135933 | [Redact] |  | 33386710 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] . Sufficient or excess cure was provided to the borrower at Closing. |  |  |  | Reviewer Comment (2025-04-30): Sufficient Cure Provided At Closing |  | 04/30/2025 |  | 1 A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | [Redact] | 9135933 | [Redact] |  | 33387322 |  | Credit | Credit | Credit<br>Documentation | Credit | No evidence of<br>fraud report in<br>file |  | The file was missing a copy of the required fraud report including all interested parties to the transaction. |  |  |  | Reviewer Comment (2025-05-12): Fraud report and updated documentation provided confirming all participants were checked Reviewer Comment (2025-05-09): Fraud report provided did not include all participants on the loan in the search. The loan officer, appraiser, sellers, etcmust be included in the report. Condition remains Seller Comment (2025-05-08): LDP, GSA | 05/12/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | [Redact] | 9135933 | [Redact] |  | 33387323 |  | Credit | Credit | Credit<br>Documentation | Credit | No evidence of<br>fraud report in<br>file |  | The file was missing a copy of the required fraud report including all interested parties to the transaction. |  |  |  | Reviewer Comment (2025-05-12): Fraud report and updated documentation provided confirming all participants were checked Reviewer Comment (2025-05-09): Fraud report provided did not include all participants on the loan in the search. The loan officer, appraiser, sellers, etcmust be included in the report. Condition remains Seller Comment (2025-05-08): LDP, GSA | 05/12/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | [Redact] | 9135933 | [Redact] |  | 33387421 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  |  |  |  | 04/30/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | [Redact] | 9135922 | [Redact] |  | 33400584 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  |  |  |  | 05/04/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | [Redact] | 9135922 | [Redact] |  | 33400586 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted], Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. | The business or personal tax returns provided are not the most recent. Application Date [Redacted], Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. |  |  |  |  |  |  | 05/04/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | [Redact] | 9135922 | [Redact] |  | 33400587 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted], Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. | The business or personal tax returns provided are not the most recent. Application Date [Redacted], Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted] |  |  |  |  |  |  | 05/04/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | [Redact] | 9135922 | [Redact] |  | 33400589 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of $[Redacted] exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2025-05-02): Sufficient Cure Provided At Closing |  | 05/02/2025 |  | 1 A |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | Final CD<br>evidences<br>Cure D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | [Redact] | 9135922 | [Redact] |  | 33400604 |  | Credit | Disclosure | Missing<br>Document | Disclosure | E-sign<br>Consent<br>Agreement is<br>missing. |  | The file is missing copy of signed E-Sign Consent Agreement. |  |  |  | Reviewer Comment (2025-05-13): E-consent agreement provided Seller Comment (2025-05-12): Consent provided. All docs were wet signed | 05/13/2025 |  |  | 1 C A |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | [Redact] | 9135922 | [Redact] |  | 33401841 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes |  |  |  | Reviewer Comment (2025-05-05): Secondary valuation obtained Seller Comment (2025-05-05): HVE Reviewer Comment (2025-05-02): Additional secondary valuation (CDA) ordered at the request of the client. | 05/05/2025 |  |  | 1 D A |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | [Redact] | 9135922 | [Redact] |  | 33404871 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  |  |  |  | 05/04/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | [Redact] | 9135922 | [Redact] |  | 33405179 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] / Collateral Desktop Analysis (CDA) - No MLS Sheets - 2 Days |  |  |  | Reviewer Comment (2025-05-05): Secondary valuation obtained Reviewer Comment (2025-05-05): Valuation Received - [Redacted] | 05/05/2025 |  |  | 1 A |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 98 | [Redact] | 9153161 | [Redact] |  | 33430169 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. |  |  |  | Reviewer Comment (2025-05-08): Sufficient Cure Provided At Closing |  | 05/08/2025 |  | 1 A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 98 | [Redact] | 9153161 | [Redact] |  | 33430170 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Tax Return Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Verification Of Tax Return Fee was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. |  |  |  | Reviewer Comment (2025-05-08): Sufficient Cure Provided At Closing |  | 05/08/2025 |  | 1 A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 21 | [Redact] | 9197232 | [Redact] |  | 33693218 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization Purposes. |  |  |  | Reviewer Comment (2025-06-21): Secondary valuation obtained | 06/21/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 21 | [Redact] | 9197232 | [Redact] |  | 33693297 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The file was missing a copy of the final title policy. |  |  |  |  |  |  | 06/18/2025 | 2 B |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 21 | [Redact] | 9197232 | [Redact] |  | 33706076 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] / Collateral Desktop Analysis (CDA) - No MLS Sheets - 2 Days |  |  |  | Reviewer Comment (2025-06-21): Secondary valuation obtained Reviewer Comment (2025-06-20): Valuation Received - [Redacted] | 06/21/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 43 | [Redact] | 9197233 | [Redact] |  | 33728080 |  | Credit | Documents | Missing<br>Document | Documents | File does not<br>contain<br>documentation<br>from lender/<br>seller<br>confirming the<br>condo is<br>warrantable. |  | The file is missing documentation from the seller confirming the condo is warrantable. Note: the lender's project review form was not executed. |  |  |  | Reviewer Comment (2025-07-02): Lender's project review provided verifying the project was warrantable Seller Comment (2025-07-02): Condo Docs | 07/02/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 44 | [Redact] | 9197234 | [Redact] |  | 33716002 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[Redacted] exceeds tolerance of $-[Redacted]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[Redacted] exceeds tolerance of $-[Redacted] . Insufficient or no cure was provided to the borrower |  |  |  | Reviewer Comment (2025-07-11): [Redacted] received valid COC document Seller Comment (2025-07-09): CIC's | 07/11/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 44 | [Redact] | 9197234 | [Redact] |  | 33716887 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  |  |  |  | 06/20/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 48 | [Redact] | 9197236 | [Redact] |  | 33718764 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The Preliminary<br>Title Policy is<br>within [Redacted]<br>and does not reflect<br>a coverage amount<br>(no Final Title<br>Policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided |  |  |  |  |  |  | 06/23/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 50 | [Redact] | 9197237 | [Redact] |  | 33717744 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The Preliminary<br>title policy is within<br>[Redacted] or<br>[Redacted] and<br>does not reflect a<br>coverage amount<br>(no final title policy<br>in file). Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  | 06/20/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 50 | [Redact] | 9197237 | [Redact] |  | 33717755 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Creditor did not<br>provide a copy of<br>each valuation to<br>applicant three (3)<br>business days prior<br>to consummation |  |  |  |  |  |  | 06/20/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | [Redact] | 9197238 | [Redact] |  | 33718975 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Loan Discount<br>Points Fee was last<br>disclosed as<br>$[Redacted] on LE<br>but disclosed as<br>$[Redacted] on<br>Final Closing<br>Disclosure. File<br>does not contain a<br>valid COC for this<br>fee, nor evidence of<br>cure in file. Provide<br>a post-close CD<br>disclosing the<br>tolerance cure to<br>include<br>$[Redacted], a copy<br>of refund check,<br>proof of delivery,<br>and a copy of the<br>letter of explanation<br>sent to the borrower<br>disclosing the<br>changes made. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>10):<br>[Redacted]<br>received a<br>valid COC.<br>Seller<br>Comment<br>(2025-07-<br>09): CIC's | 07/10/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | [Redact] | 9197238 | [Redact] |  | 33718976 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Credit Report Fee<br>was last disclosed<br>as $[Redacted] on<br>LE but disclosed as<br>$[Redacted] on<br>Final Closing<br>Disclosure. File<br>does not contain a<br>valid COC for this<br>fee, nor evidence of<br>cure in file. Provide<br>a post-close CD<br>disclosing the<br>tolerance cure to<br>include<br>$[Redacted] ,<br>a copy of refund<br>check, proof of<br>delivery, and a copy<br>of the letter of<br>explanation sent to<br>the borrower<br>disclosing the<br>changes made. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>10):<br>Sufficient<br>cure<br>provided.<br>Full cure<br>amount for<br>tolerance<br>violation<br>was<br>provided at<br>or before<br>closing (on<br>final CD)<br>resulting in<br>a cleared<br>exception.<br>Seller<br>Comment<br>(2025-07-<br>09): Cured<br>at closing | 07/10/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | [Redact] | 9197238 | [Redact] |  | 33724447 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. |  |  |  | Reviewer<br>Comment<br>(2025-06-<br>25):<br>Secondary<br>valuation<br>obtained | 06/25/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | [Redact] | 9197238 | [Redact] |  | 33733405 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted]/<br>Collateral Desktop<br>Analysis (CDA) -<br>No MLS Sheets - 2<br>Days |  |  |  | Reviewer<br>Comment<br>(2025-06-<br>25):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-06-<br>25):<br>Valuation <br>Received -<br>[Redacted] | 06/25/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | [Redact] | 9197238 | [Redact] |  | 33885726 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>10):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 07/10/2025 |  | 1 A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 42 | [Redact] | 9205856 | [Redact] |  | 33789467 |  | Credit | Legal /<br>Regulatory /<br>Compliance | Title / Lien<br>Defect | Legal /<br>Regulatory<br>/<br>Compliance | Final Title<br>Policy is<br>missing. No<br>evidence of<br>title in file. |  | The file is missing a<br>copy of Title<br>Evidence. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>24): Prelim<br>title<br>provided<br>Buyer<br>Comment<br>(2025-07-<br>22): Title<br>docs<br>uploaded | 07/24/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 42 | [Redact] | 9205856 | [Redact] |  | 34034148 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  |  |  | 07/24/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  | 33818927 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is missing a<br>copy of the<br>supporting<br>secondary valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>07):<br>Secondary<br>valuation<br>obtained | 07/07/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  | 33819015 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | The business or<br>personal tax returns<br>provided are not the<br>most recent.<br>Application Date<br>[Redacted], Most<br>Recent Tax Return<br>End Date<br>[Redacted], Tax<br>Return Due Date<br>[Redacted]. |  |  |  |  |  |  | 07/02/2025 | 2 B |  | [Redact] | Primary | Purchase | D B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  | 33819016 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $0.00<br>exceeds<br>tolerance of $-<br>[Redacted].<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Final Lender Credit<br>of $0.00 exceeds<br>tolerance of $-<br>[Redacted].<br>Insufficient or no<br>cure was provided<br>to the borrower. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>17):<br>[Redacted]<br>received<br>COC dated<br>[Redacted].<br>Seller<br>Comment<br>(2025-07-<br>16): CIC | 07/17/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  | 33819017 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Discount Point Fee<br>was not disclosed<br>on Loan Estimate.<br>File does not<br>contain a valid<br>COC for this fee,<br>nor evidence of<br>cure. Provide a<br>post-close CD<br>disclosing the<br>tolerance cure to<br>include<br>$[Redacted], a copy<br>of refund check,<br>proof of delivery,<br>and a copy of the<br>letter of explanation<br>sent to the borrower<br>disclosing the<br>changes made. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>17):<br>[Redacted]<br>received<br>COC dated<br>[Redacted].<br>Seller<br>Comment<br>(2025-07-<br>16): CIC | 07/17/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  | 33819018 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Appraisal Fee was<br>last disclosed as<br>$[Redacted] on LE<br>but disclosed as<br>$[Redacted] on<br>Final Closing<br>Disclosure. File<br>does not contain a<br>valid COC for this<br>fee, nor evidence of<br>cure in file. Provide<br>a post-close CD<br>disclosing the<br>tolerance cure to<br>include<br>$[Redacted] ,<br>a copy of refund<br>check, proof of<br>delivery, and a copy<br>of the letter of<br>explanation sent to<br>the borrower<br>disclosing the<br>changes made. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>17):<br>Sufficient<br>cure<br>provided.<br>Full cure<br>amount for<br>tolerance<br>violation<br>was<br>provided at<br>or before<br>closing (on<br>final CD)<br>resulting in<br>a cleared<br>exception.<br>Seller<br>Comment<br>(2025-07-<br>16): cured<br>at closing | 07/17/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  | 33829629 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>AUS not<br>provided |  | Upon further<br>review, Provide a<br>complete copy of<br>the LP approval<br>used to qualify. The<br>file contains<br>multiple copies of<br>the LP and the<br>pages are not in<br>order; unable to<br>determine the final<br>version used to<br>qualify. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>18): LP<br>received<br>Seller<br>Comment<br>(2025-07-<br>16): LP | 07/18/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  | 33835874 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral Desktop<br>Analysis (CDA) -<br>No MLS Sheets - 2<br>Days |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>07):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-07-<br>04):<br>Valuation <br>Received -<br>[Redacted] | 07/07/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  | 33954457 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>17):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 07/17/2025 |  | 1 A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure D B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 46 | [Redact] | 9205858 | [Redact] |  | 33788876 |  | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title<br>Policy Amount<br>of ___ is less<br>than the note<br>amount of ___<br>based on the<br>___ in file. | The preliminary<br>title report in file<br>disclosed<br>$[Redacted] of title<br>insurance coverage;<br>however this is less<br>than the loan<br>amount of<br>$[Redacted]<br>Provide a copy of<br>the final title policy<br>or an addendum to<br>the preliminary<br>report verifying title<br>insurance of at least<br>the loan amount. |  |  |  |  |  |  | 06/28/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 46 | [Redact] | 9205858 | [Redact] |  | 33788963 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | The business or<br>personal tax returns<br>provided are not the<br>most recent.<br>Application Date<br>[Redacted], Most<br>Recent Tax Return<br>End Date<br>[Redacted], Tax<br>Return Due Date<br>[Redacted]. |  |  |  |  |  |  | 06/28/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 46 | [Redact] | 9205858 | [Redact] |  | 33788964 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Revised<br>Loan Estimate<br>Timing Before<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Revised Loan<br>Estimate<br>provided on<br>[Redacted] not<br>received by<br>borrower at<br>least four (4)<br>business days<br>prior to<br>closing. | Revised Loan<br>Estimate<br>provided on<br>[Redacted] not<br>received by<br>borrower at<br>least four (4)<br>business days<br>prior to<br>closing. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>10):<br>[Redacted]<br>received e-<br>consent<br>for<br>Revised<br>LE. Seller<br>Comment<br>(2025-07-<br>09): LE<br>delivery | 07/10/2025 |  |  | 1 C A |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | No<br>Defined<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  | 33788144 |  | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | - | Tax<br>verification not<br>provided. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>02): Proof<br>of taxes<br>provided<br>Seller<br>Comment<br>(2025-07-<br>02): RQ | 07/02/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  | 33788189 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return<br>End Date<br>[Redacted],<br>Tax Return<br>Due Date<br>[Redacted]. | The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted]. |  |  |  |  |  |  | 06/28/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  | 33788190 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return<br>End Date<br>[Redacted],<br>Tax Return<br>Due Date<br>[Redacted]. | The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted]. |  |  |  |  |  |  | 06/28/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  | 33788191 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return<br>End Date<br>[Redacted],<br>Tax Return<br>Due Date<br>[Redacted]. | The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted]. |  |  |  |  |  |  | 06/28/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  | 33788192 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return<br>End Date<br>[Redacted],<br>Tax Return<br>Due Date<br>[Redacted]. | The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted]. |  |  |  |  |  |  | 06/28/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  | 33800093 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return<br>End Date<br>[Redacted],<br>Tax Return<br>Due Date<br>[Redacted]. |  |  |  |  |  |  |  | 06/28/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  | 33800094 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return<br>End Date<br>[Redacted],<br>Tax Return<br>Due Date<br>[Redacted]. |  |  |  |  |  |  |  | 06/28/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  | 33800123 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>AUS not<br>provided |  | Provide a<br>complete copy<br>of the LP<br>approval used<br>to qualify. The<br>file contains<br>multiple copies<br>of the LP and<br>the pages are<br>not in order;<br>unable to<br>determine the<br>final version<br>used to<br>qualify. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>02):<br>Complete<br>LP<br>approval<br>provided<br>Seller<br>Comment<br>(2025-07-<br>02): LP | 07/02/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  | 33804183 |  | Credit | Asset | Asset<br>Documentation | Asset | Missing<br>Document:<br>Asset<br>Documentation<br>not provided |  | The file is<br>missing a copy<br>of the 1031<br>exchange<br>agreement for<br>the proceeds<br>from the REO<br>used to<br>qualify. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>25):<br>Exchange<br>agreement<br>provided<br>Seller<br>Comment<br>(2025-07-<br>23):<br>Agreement <br>Reviewer<br>Comment<br>(2025-07-<br>02): An<br>additional<br>copy of<br>the<br>Statement<br>verifying<br>the<br>proceeds<br>was<br>received.<br>Condition<br>is looking<br>for the<br>actual<br>1031<br>exchange<br>agreement.<br>Condition<br>remains<br>Seller<br>Comment<br>(2025-07-<br>02): 1031 | 07/25/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 49 | [Redact] | 9205860 | [Redact] |  | 33811053 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>07):<br>Secondary<br>valuation<br>obtained | 07/07/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 49 | [Redact] | 9205860 | [Redact] |  | 33827614 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>07):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-07-<br>07):<br>Valuation <br>Received -<br>[Redacted] | 07/07/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 52 | [Redact] | 9205861 | [Redact] |  | 33783835 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Borrower<br>waived right to<br>receive a copy<br>of the<br>appraisal at<br>least three (3)<br>business days<br>prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 06/26/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 53 | [Redact] | 9205862 | [Redact] |  | 33789090 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient Cure<br>Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>(2025-06-<br>26):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 06/26/2025 |  | 1 A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 53 | [Redact] | 9205862 | [Redact] |  | 33800149 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>AUS not<br>provided |  | Provide a<br>complete copy<br>of the LP<br>approval used<br>to qualify. The<br>file contains<br>multiple copies<br>of the LP and<br>the pages are<br>not in order;<br>unable to<br>determine the<br>final version<br>used to<br>qualify. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>02):<br>Completed<br>copy of<br>the AUS<br>used to<br>qualify<br>was<br>provided<br>Seller<br>Comment<br>(2025-07-<br>02): LP | 07/02/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 55 | [Redact] | 9205863 | [Redact] |  | 33819405 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>AUS not<br>provided |  | Provide a<br>complete copy<br>of the LP<br>approval used<br>to qualify. The<br>file contains<br>multiple copies<br>of the LP and<br>the pages are<br>not in order;<br>unable to<br>determine the<br>final version<br>used to<br>qualify. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>18): AUS<br>received<br>Seller<br>Comment<br>(2025-07-<br>16): LP | 07/18/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | [Redact] | 9205864 | [Redact] |  | 33817724 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>07):<br>Secondary<br>valuation<br>obtained | 07/07/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | [Redact] | 9205864 | [Redact] |  | 33817807 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 07/02/2025 | 2 B |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | [Redact] | 9205864 | [Redact] |  | 33817808 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Creditor did<br>not provide a<br>copy of each<br>valuation<br>(Report Date<br>[Redacted]) to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  | 07/02/2025 | 2 B |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | [Redact] | 9205864 | [Redact] |  | 33823270 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not reflect<br>a coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>preliminary<br>title report in<br>file did not<br>disclose the<br>amount of title<br>insurance<br>coverage.<br>Provide a copy<br>of the final<br>title policy or<br>an addendum<br>to the<br>preliminary<br>report<br>verifying title<br>insurance of at<br>least the loan<br>amount. |  |  |  |  |  |  | 07/02/2025 | 2 B |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

---

------

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | [Redact] | 9205864 | [Redact] |  | 33829600 |  | Credit | Credit | Miscellaneous | Guideline | Credit<br>Exception: |  | Upon further<br>review, the<br>file is<br>missing page<br>2 of 2 of the<br>Buydown<br>Agreement. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>18):<br>Buydown<br>received<br>Seller<br>Comment<br>(2025-07-<br>16):<br>Buydown<br>Agreement.<br>Seller <br>Comment<br>(2025-07-<br>16):<br>Buydown | 07/18/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | [Redact] | 9205864 | [Redact] |  | 33829603 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>AUS not<br>provided |  | Upon further<br>review,<br>Provide a<br>complete<br>copy of the<br>LP approval<br>used to<br>qualify. The<br>file contains<br>multiple<br>copies of the<br>LP and the<br>pages are not<br>in order;<br>unable to<br>determine<br>the final<br>version used<br>to qualify. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>18): LP<br>received<br>Seller<br>Comment<br>(2025-07-<br>16): LP | 07/18/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | [Redact] | 9205864 | [Redact] |  | 33829622 |  | Credit | Missing<br>Document | General | Missing<br>Document | Missing<br>Document:<br>HUD/CD<br>(Asset) not<br>provided |  | Upon further<br>review, the<br>file is<br>missing a<br>copy of the<br>final<br>settlement<br>statement/<br>HUD from<br>the sale of<br>the departure<br>residence. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>18): Seller's<br>Final<br>Closing<br>Statement<br>received<br>from<br>departure<br>residence.<br>Seller<br>Comment<br>(2025-07-<br>16): Sale<br>Seller<br>Comment<br>(2025-07-<br>16): Sale SS | 07/18/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | [Redact] | 9205864 | [Redact] |  | 33835878 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>07):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-07-<br>05):<br>Valuation <br>Received -<br>[Redacted] | 07/07/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 57 | [Redact] | 9205865 | [Redact] |  | 33816794 |  | Credit | Legal /<br>Regulatory /<br>Compliance | Title / Lien<br>Defect | Legal /<br>Regulatory<br>/<br>Compliance | Final Title<br>Policy is<br>missing. No<br>evidence of<br>title in file. |  | The file is<br>missing a<br>copy of the<br>Title report. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>24): Prelim<br>title<br>provided<br>Buyer<br>Comment<br>(2025-07-<br>22): Title<br>docs<br>uploaded | 07/24/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 57 | [Redact] | 9205865 | [Redact] |  | 33816818 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>[Redacted]<br>exceeds<br>tolerance of $-<br>[Redacted] .<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Lender<br>Credits was<br>last disclosed<br>as $-<br>[Redacted]<br>on Loan<br>Estimate but<br>disclosed as<br>$[Redacted]<br>on Final<br>Closing<br>Disclosure<br>dated<br>[Redacted].<br>File does not<br>contain a<br>valid COC<br>for this fee,<br>nor evidence<br>of cure in<br>file. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>17):<br>[Redacted]<br>received a<br>valid COC.<br>Seller<br>Comment<br>(2025-07-<br>16): CIC | 07/17/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | [Redact] | 9205867 | [Redact] |  | 33811309 |  | Credit | Legal /<br>Regulatory /<br>Compliance | Title / Lien<br>Defect | Legal /<br>Regulatory<br>/<br>Compliance | Final Title<br>Policy is<br>missing. No<br>evidence of<br>title in file. |  | The file was<br>missing copy<br>of Title<br>Preliminary. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>24): Title<br>commitment<br>provided<br>Buyer<br>Comment<br>(2025-07-<br>22): Title<br>docs<br>uploaded | 07/24/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | [Redact] | 9205867 | [Redact] |  | 33811459 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | No proof of<br>delivery in<br>file. |  |  |  |  |  |  | 07/01/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | [Redact] | 9205867 | [Redact] |  | 33816072 |  | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Guideline | Guideline<br>Requirement:<br>PITIA reserves<br>months<br>discrepancy. |  | Per the<br>guidelines<br>The greater<br>of<br>[Redacted]<br>months<br>PITIA or per<br>the AUS,per<br>the AUS<br>$[Redacted]<br>for reserves<br>please<br>provide bank<br>statements to<br>cover the<br>[Redacted]<br>months<br>resevers |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>18): Bank<br>statement<br>received<br>Seller<br>Comment<br>(2025-07-<br>16): Per the<br>attached<br>Asset<br>Worksheet,<br>required<br>assets<br>including<br>reserves<br>$[Redacted].<br>Verified<br>funds<br>$[Redacted]. | 07/18/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | [Redact] | 9205867 | [Redact] |  | 33816088 |  | Credit | Asset | Asset<br>Calculation /<br>Analysis | Asset | Available for<br>Closing is<br>insufficient to<br>cover Cash<br>From<br>Borrower. |  | Please<br>provide asset<br>accounts to<br>cover the<br>cash to close. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>18): Bank<br>statement<br>received<br>Seller<br>Comment<br>(2025-07-<br>16): Assets<br>attached | 07/18/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | [Redact] | 9205867 | [Redact] |  | 33816140 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Risk. | The loan is<br>failing<br>APORdue to<br>no asset<br>accounts was<br>provided to<br>cover the<br>cash to close<br>and reserves. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>18):<br>Received<br>bank<br>statements | 07/18/2025 |  |  | 1 B A C |  | [Redact] | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | [Redact] | 9205867 | [Redact] |  | 33816141 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing one<br>or more<br>guideline<br>components,<br>the loan is at<br>QM risk. | The loan is<br>failing QM<br>due to no<br>asset<br>accounts was<br>provided to<br>cover the<br>cash to close<br>and reserves. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>18):<br>Received<br>bank<br>statements | 07/18/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | [Redact] | 9205867 | [Redact] |  | 33819404 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>AUS not<br>provided |  | Provide a<br>complete<br>copy of the<br>LP approval<br>used to<br>qualify. The<br>file contains<br>multiple<br>copies of the<br>LP and the<br>pages are not<br>in order;<br>unable to<br>determine<br>the final<br>version used<br>to qualify. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>18):<br>Received<br>Seller<br>Comment<br>(2025-07-<br>16): LPA<br>attached | 07/18/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 60 | [Redact] | 9205868 | [Redact] |  | 33816643 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>03):<br>Secondary<br>valuation<br>obtained | 07/03/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 60 | [Redact] | 9205868 | [Redact] |  | 33827615 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>03):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-07-<br>02):<br>Valuation <br>Received -<br>[Redacted] | 07/03/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 61 | [Redact] | 9205869 | [Redact] |  | 33811391 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is<br>missing a<br>copy of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>07):<br>Secondary<br>valuation<br>obtained | 07/07/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 61 | [Redact] | 9205869 | [Redact] |  | 33811432 |  | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title<br>Policy Amount<br>of ___ is less<br>than the note<br>amount of ___<br>based on the<br>___ in file. | The Title<br>Policy<br>Amount of<br>$[Redacted]<br>is less than<br>the note<br>amount of<br>$[Redacted]<br>based on the<br>Commitment<br>in file. |  |  |  |  |  |  | 07/01/2025 | 2 B |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 61 | [Redact] | 9205869 | [Redact] |  | 33827616 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>07):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-07-<br>04):<br>Valuation <br>Received -<br>[Redacted] | 07/07/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 62 | [Redact] | 9205870 | [Redact] |  | 33784409 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>of appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided |  |  |  |  |  |  | 06/26/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 62 | [Redact] | 9205870 | [Redact] |  | 33784410 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>[Redacted]<br>exceeds<br>tolerance of $-<br>[Redacted].<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Zero Percent<br>Fee<br>Tolerance<br>exceeded for<br>Lender<br>Credits.<br>Final Lender<br>Credit of $-<br>[Redacted]<br>exceeds<br>tolerance of<br>$-<br>[Redacted].<br>Insufficient<br>or no cure<br>was provided<br>to the<br>borrower |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>11):<br>[Redacted]<br>Received<br>Valid COC<br>dated<br>[Redacted].<br>Seller<br>Comment<br>(2025-07-<br>09): cic | 07/11/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **DBRS<br>Initial<br>Exception<br>Rating** | **DBRS<br>Final<br>Exception<br>Rating** | **Fitch<br>Initial<br>Exception<br>Rating** | **Fitch<br>Final<br>Exception<br>Rating** | **Kroll<br>Initial<br>Exception<br>Rating** | **Kroll<br>Final<br>Exception<br>Rating** | **Moody's<br>Initial<br>Exception<br>Rating** | **Moody's<br>Final<br>Exception<br>Rating** | **S&P<br>Initial<br>Exception<br>Rating** | **S&P<br>Final<br>Exception<br>Rating** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Overall<br>Initial<br>Loan<br>Grade** | **Overall<br>Final<br>Loan<br>Grade** | **Credit<br>Initial<br>Loan<br>Grade** | **Credit<br>Final<br>Loan<br>Grade** | **Compliance<br>Initial Loan<br>Grade** | **Compliance<br>Final Loan<br>Grade** | **Property<br>Initial<br>Loan<br>Grade** | **Property<br>Final<br>Loan<br>Grade** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 65 | [Redact] | 9205873 | [Redact] |  | 33817728 |  |  | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | The verification of<br>employment is<br>required and was<br>not found in file. | - | The verification<br>of employment<br>is required and<br>was not found<br>in file. |  |  |  | Reviewer<br>Comment (2025-<br>07-24): VOE<br>provided Seller<br>Comment (2025-<br>07-22): Please see<br>the VOE attached.<br>Borrower works<br>for [Redacted].<br>Reviewer<br>Comment (2025-<br>07-18): Need the<br>vvoe for the most<br>recent employer<br>with a state date of<br>[Redacted]. You<br>sent the previous<br>employer vvoe.<br>Condition remains.<br>Seller Comment<br>(2025-07-16):<br>VOE | 07/24/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A |  | [Redact] | Primary | Purchase |  | C | A | C | A | A | A | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 65 | [Redact] | 9205873 | [Redact] |  | 33817730 |  |  | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Verification(s) of<br>employment is not<br>within 10 business<br>days of the Note. | - | Verification of<br>employment is<br>not within 10<br>business days<br>of the Note. |  |  |  | Reviewer<br>Comment (2025-<br>07-24): VOE<br>provided Reviewer<br>Comment (2025-<br>07-18): Need the<br>vvoe for the most<br>recent employer<br>with a state date of<br>[Redacted]. You<br>sent the previous<br>employer vvoe.<br>Condition remains.<br>Seller Comment<br>(2025-07-16):<br>VOE | 07/24/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A |  | [Redact] | Primary | Purchase |  | C | A | C | A | A | A | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 71 | [Redact] | 9205874 | [Redact] |  | 33816791 |  |  | Credit | Title | Document<br>Error | Title | The Preliminary<br>title policy is<br>within [Redacted]<br>or [Redacted] and<br>does not reflect a<br>coverage amount<br>(no final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>Preliminary<br>Title Policy is<br>within<br>[Redacted] and<br>does not reflect<br>a coverage<br>amount (no<br>Final Title<br>Policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided |  |  |  |  |  |  | 07/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase |  | B | B | B | B | B | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 71 | [Redact] | 9205874 | [Redact] |  | 33816843 |  |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Copy of Appraisal<br>Not Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 07/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase |  | B | B | B | B | B | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 72 | [Redact] | 9205875 | [Redact] |  | 33787590 |  |  | Credit | Title | Document<br>Error | Title | The Preliminary<br>title policy is<br>within [Redacted]<br>or [Redacted] and<br>does not reflect a<br>coverage amount<br>(no final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  |  |  | 06/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase |  | C | B | C | B | A | A | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 72 | [Redact] | 9205875 | [Redact] |  | 33787615 |  |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Ten Percent<br>Tolerance<br>Violation With<br>Sufficient Cure<br>Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Ten Percent<br>Fee Tolerance<br>exceeded.<br>Total amount<br>of $[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted]<br>plus<br>[Redacted]%<br>or<br>$[Redacted].<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment (2025-<br>06-26): Sufficient<br>Cure Provided At<br>Closing |  | 06/26/2025 |  | 1 | A | A | A | A | A | A | A | A | A | A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure | C | B | C | B | A | A | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 72 | [Redact] | 9205875 | [Redact] |  | 33787641 |  |  | Credit | Loan Package<br>Documentation | Loan File | Missing<br>Document | Missing<br>Document:<br>Hazard Insurance<br>Policy not<br>provided |  | Hazard Policy<br>not provided. |  |  |  | Reviewer<br>Comment (2025-<br>07-02): HOI<br>provided Seller<br>Comment (2025-<br>07-02): HOI | 07/02/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A |  | [Redact] | Primary | Purchase |  | C | B | C | B | A | A | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | [Redact] | 9205876 | [Redact] |  | 33786054 |  |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec ID: 2 |  | Secondary<br>valuation is<br>missing for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment (2025-<br>06-30): Secondary<br>valuation obtained | 06/30/2025 |  |  | 1 | D | A | D | A | D | A | D | A | D | A |  | [Redact] | Primary | Purchase |  | D | B | B | B | B | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | [Redact] | 9205876 | [Redact] |  | 33786230 |  |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Copy of Appraisal<br>Not Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 06/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase |  | D | B | B | B | B | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | [Redact] | 9205876 | [Redact] |  | 33787977 |  |  | Credit | Title | Document<br>Error | Title | The Preliminary<br>title policy is<br>within [Redacted]<br>or [Redacted] and<br>does not reflect a<br>coverage amount<br>(no final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 06/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase |  | D | B | B | B | B | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | [Redact] | 9205876 | [Redact] |  | 33807798 |  |  | Property | Valuation | General | Valuation | Valuation Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets - 2<br>Days |  |  |  | Reviewer<br>Comment (2025-<br>06-30): Secondary<br>valuation obtained<br>Reviewer<br>Comment (2025-<br>06-30): Valuation<br>Received -<br>[Redacted] | 06/30/2025 |  |  | 1 |  | A |  | A |  | A |  | A |  | A |  | [Redact] | Primary | Purchase |  | D | B | B | B | B | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 92 | [Redact] | 9205877 | [Redact] |  | 33861446 |  |  | Compliance | Compliance | Federal<br>Compliance | RESPA | RESPA - Initial<br>Escrow Account<br>Statement Missing | RESPA: Initial<br>escrow<br>account<br>statement was<br>not provided to<br>the borrower. | Initial escrow<br>account<br>statement was<br>not provided to<br>the borrower. |  |  |  | Buyer Comment<br>(2025-07-25):<br>Initial and final<br>grade B, accepted |  |  | 07/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase |  | C | B | A | A | C | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 92 | [Redact] | 9205877 | [Redact] |  | 33861447 |  |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent Tolerance<br>Violation Without<br>Sufficient Cure<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Survey Fee.<br>Fee Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Survey Fee was<br>not disclosed on<br>LE but<br>disclosed as<br>$[Redacted] on<br>Final Closing<br>Disclosure. File<br>does not<br>contain a valid<br>COC for this<br>fee, nor<br>evidence of<br>cure in file.<br>Provide a post-<br>close CD<br>disclosing the<br>tolerance cure<br>to include<br>$[Redacted], a<br>copy of refund<br>check, proof of<br>delivery, and a<br>copy of the<br>letter of<br>explanation<br>sent to the<br>borrower<br>disclosing the<br>changes made. |  |  |  | Reviewer<br>Comment (2025-<br>07-25): [Redacted]<br>received Letter of<br>explanation and<br>Corrected Closing<br>disclosure. Seller<br>Comment (2025-<br>07-24): PCCD<br>Reviewer<br>Comment (2025-<br>07-22): [Redacted]<br>received CD dated<br>[Redacted] but as<br>per CDs provided<br>in file the survey<br>fee was disclosed<br>as without title<br>prefix. If the fee<br>name is corrected<br>on CDs after<br>closing please<br>provide CD with<br>corrected issue<br>date after closing.<br>Seller Comment<br>(2025-07-19):<br>Survey | 07/25/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A |  | [Redact] | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD | C | B | A | A | C | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 93 | [Redact] | 9205878 | [Redact] |  | 33862050 |  |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing (3-<br>Day Waiver In<br>File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Borrower<br>waived right to<br>receive a copy<br>of the<br>appraisal at<br>least three (3)<br>business days<br>prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 07/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase |  | B | B | A | A | B | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 93 | [Redact] | 9205878 | [Redact] |  | 33862051 |  |  | Compliance | Compliance | Federal<br>Compliance | RESPA | RESPA - Initial<br>Escrow Account<br>statement<br>Inaccurate | RESPA: Initial<br>escrow<br>account<br>statement does<br>not match<br>charges on<br>HUD-1/Final<br>Closing<br>Disclosure. | Initial escrow<br>account<br>statement does<br>not match<br>charges on<br>HUD-1/Final<br>Closing<br>Disclosure |  |  |  | Buyer Comment<br>(2025-07-10):<br>Initial and Final<br>Grade B, accepted |  |  | 07/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase | If the IEAD<br>is correct<br>and the CD/<br>HUD is<br>incorrect,<br>we require a<br>corrected<br>PCCD/HUD<br>with LOE to<br>borrower to<br>cure.<br>Signature is<br>not required.<br>If the CD/<br>HUD is<br>correct and<br>the IEAD is<br>incorrect,<br>we require<br>LOE and<br>corrected<br>IEAD to<br>cure.<br>Signature is<br>not required. | B | B | A | A | B | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 105 | [Redact] | 9205879 | [Redact] |  | 33817765 |  |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Copy of Appraisal<br>Not Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  | 07/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase |  | B | B | A | A | B | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 105 | [Redact] | 9205879 | [Redact] |  | 33817766 |  |  | Compliance | Compliance | Federal<br>Compliance | RESPA | RESPA - Initial<br>Escrow Account<br>statement<br>Inaccurate | RESPA: Initial<br>escrow<br>account<br>statement does<br>not match<br>charges on<br>HUD-1/Final<br>Closing<br>Disclosure. |  |  |  |  | Buyer Comment<br>(2025-07-10):<br>Initial and Final<br>Grade B, accepted |  |  | 07/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase | If the IEAD<br>is correct<br>and the CD/<br>HUD is<br>incorrect,<br>we require a<br>corrected<br>PCCD/HUD<br>with LOE to<br>borrower to<br>cure.<br>Signature is<br>not required.<br>If the CD/<br>HUD is<br>correct and<br>the IEAD is<br>incorrect,<br>we require<br>LOE and<br>corrected<br>IEAD to<br>cure.<br>Signature is<br>not required. | B | B | A | A | B | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 107 | [Redact] | 9205880 | [Redact] |  | 33823908 |  |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec ID: 2 |  | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment (2025-<br>07-07): Secondary<br>valuation obtained | 07/07/2025 |  |  | 1 | D | A | D | A | D | A | D | A | D | A |  | [Redact] | Primary | Purchase |  | D | A | A | A | A | A | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 107 | [Redact] | 9205880 | [Redact] |  | 33835879 |  |  | Property | Valuation | General | Valuation | Valuation Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets - 2<br>Days |  |  |  | Reviewer<br>Comment (2025-<br>07-07): Secondary<br>valuation obtained<br>Reviewer<br>Comment (2025-<br>07-04): Valuation<br>Received -<br>[Redacted] | 07/07/2025 |  |  | 1 |  | A |  | A |  | A |  | A |  | A |  | [Redact] | Primary | Purchase |  | D | A | A | A | A | A | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 108 | [Redact] | 9205881 | [Redact] |  | 33815630 |  |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent Tolerance<br>Violation With<br>Sufficient Cure<br>Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Verification<br>Fee. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment (2025-<br>07-01): Sufficient<br>Cure Provided At<br>Closing |  | 07/01/2025 |  | 1 | A | A | A | A | A | A | A | A | A | A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure | A | A | A | A | A | A | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; Deal ID | SitusAMC<br>Loan ID | Customer<br>Loan ID | Seller<br>Loan ID | Investor<br>Loan<br>Number | Loan<br>Exception<br>ID | Exception<br>ID | Exception<br>Date | Exception<br>Type | Exception<br>Category | Exception<br>Subcategory | 15E Category | Exception | Exception<br>Detail | Exception<br>Information | Compensating<br>Factors | Compensating<br>Factor<br>Information | Applying<br>Party | Follow-up<br>Comments | Cleared<br>Date | Cured<br>Date | Waived<br>Date | Exception<br>Level<br>Grade | DBRS<br>Initial<br>Exception<br>Rating | DBRS<br>Final<br>Exception<br>Rating | Fitch<br>Initial<br>Exception<br>Rating | Fitch<br>Final<br>Exception<br>Rating | Kroll<br>Initial<br>Exception<br>Rating | Kroll<br>Final<br>Exception<br>Rating | Moody's<br>Initial<br>Exception<br>Rating | Moody's<br>Final<br>Exception<br>Rating | S&P<br>Initial<br>Exception<br>Rating | S&P<br>Final<br>Exception<br>Rating | Note<br>Date | Property<br>State | Occupancy | Purpose | Exception<br>Remediation | Overall<br>Initial<br>Loan<br>Grade | Overall<br>Final<br>Loan<br>Grade | Credit<br>Initial<br>Loan<br>Grade | Credit<br>Final<br>Loan<br>Grade | Compliance<br>Initial Loan<br>Grade | Compliance<br>Final Loan<br>Grade | Property<br>Initial<br>Loan<br>Grade | Property<br>Final<br>Loan<br>Grade | Originator<br>QM ATR<br>Status | TPR<br>QM<br>ATR<br>Status | Is<br>Curable |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  | 33792136 |  |  | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines require<br>one year Tax<br>Transcript (1040)<br>when a 1040<br>personal tax return<br>was used to<br>qualify. File<br>contains no 1040<br>transcript. | - | The file is<br>missing the tax<br>transcripts for<br>the co-<br>borrower.<br>[Redacted] and<br>[Redacted]<br>personal and<br>business returns<br>in file. |  |  |  | Reviewer<br>Comment (2025-<br>07-14): [Redacted]<br>Transcripts<br>provided with<br>[Redacted]<br>extension.<br>Exception cleared.<br>Seller Comment<br>(2025-07-10): Per<br>the AUS Jumbo<br>product profile<br>attached: when tax<br>returns are used for<br>qualification<br>purposes, tax<br>transcripts for the<br>most recent ONE<br>year's personal<br>returns are<br>required. Please<br>see the [Redacted]<br>tax transcripts<br>attached. | 07/14/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A |  | [Redact] | Primary | Purchase |  | C | B | C | B | C | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  | 33792680 |  |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing (3-<br>Day Waiver In<br>File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Borrower<br>waived right to<br>receive a copy<br>of the<br>appraisal at<br>least three (3)<br>business days<br>prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing. | Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>(Report Date<br>[Redacted]) at<br>least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not<br>provided at or<br>before closing. |  |  |  |  |  |  | 06/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase |  | C | B | C | B | C | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  | 33792681 |  |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Risk. | Originator Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Risk. |  |  |  | Reviewer<br>Comment (2025-<br>07-23):<br>[Redacted]/<br>[Redacted]<br>personal tax<br>returns provided;<br>S/E income for B<br>removed from<br>qualification. | 07/23/2025 |  |  | 1 | B | A | C | A | B | A | C | A | B | A |  | [Redact] | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status | C | B | C | B | C | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  | 33792682 |  |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing<br>one or more<br>guideline<br>components,<br>the loan is at<br>QM risk. | Based on the<br>loan failing one<br>or more<br>guideline<br>components,<br>the loan is at<br>QM risk. |  |  |  | Reviewer<br>Comment (2025-<br>07-23):<br>[Redacted]/<br>[Redacted]<br>personal tax<br>returns provided;<br>S/E income for B<br>removed from<br>qualification. | 07/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A |  | [Redact] | Primary | Purchase |  | C | B | C | B | C | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  | 33792683 |  |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return<br>End Date<br>[Redacted],<br>Tax Return<br>Due Date<br>[Redacted]. | The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. |  |  |  |  |  |  | 06/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase |  | C | B | C | B | C | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  | 33792684 |  |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return<br>End Date<br>[Redacted],<br>Tax Return<br>Due Date<br>[Redacted]. | The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. |  |  |  |  |  |  | 06/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase |  | C | B | C | B | C | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  | 33795040 |  |  | Credit | Title | Document<br>Error | Title | The Preliminary<br>title policy is<br>within [Redacted]<br>or [Redacted] and<br>does not reflect a<br>coverage amount<br>(no final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The preliminary<br>title report in<br>file did not<br>disclose the<br>amount of title<br>insurance<br>coverage.<br>Provide a copy<br>of the final title<br>policy or an<br>addendum to<br>the preliminary<br>report verifying<br>title insurance<br>of at least the<br>loan amount. |  |  |  |  |  |  | 06/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase |  | C | B | C | B | C | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  | 33804184 |  |  | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Income<br>documentation<br>requirements not<br>met. |  | The file is<br>missing the<br>[Redacted] and<br>[Redacted]<br>personal tax<br>returns for the<br>borrower. The<br>borrower was<br>qualified with<br>self-<br>employment<br>income from an<br>[Redacted] and<br>the [Redacted]<br>and [Redacted]<br>business tax<br>returns and K1's<br>were in file. |  |  |  | Reviewer<br>Comment (2025-<br>07-23):<br>[Redacted]/<br>[Redacted]personal<br>tax returns<br>provided; S/E<br>income for B<br>removed from<br>qualification.<br>Seller Comment<br>(2025-07-21): We<br>did not obtain two<br>year's tax returns<br>for [Redacted]. So,<br>to remedy we<br>removed his self-<br>employed income,<br>please see revised<br>income worksheet<br>and AUS. DTI still<br>well within<br>guidelines.<br>Reviewer<br>Comment (2025-<br>07-16): Tax<br>Returns requested<br>are for the<br>borrower. Trailing<br>docs provided are<br>returns for the co-<br>borrower only.<br>Seller Comment<br>(2025-07-14):<br>[Redacted] and<br>[Redacted] tax<br>returns | 07/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A |  | [Redact] | Primary | Purchase |  | C | B | C | B | C | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  | 33804185 |  |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Income/Asset<br>Guideline<br>Deficiency - QM<br>Impact | General QM:<br>There are<br>guideline<br>deficiencies<br>related to<br>income and/or<br>asset doc<br>requirements<br>which could<br>result in a risk<br>to the<br>borrower's<br>ability to<br>repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) | The file is<br>missing the<br>[Redacted] and<br>[Redacted]<br>personal tax<br>returns for the<br>borrower. The<br>borrower was<br>qualified with<br>self-<br>employment<br>income from an<br>[Redacted] and<br>the [Redacted]<br>and [Redacted]<br>business tax<br>returns and K1's<br>were in file. |  |  |  | Reviewer<br>Comment (2025-<br>07-23):<br>[Redacted]/<br>[Redacted]<br>personal tax<br>returns provided;<br>S/E income for B<br>removed from<br>qualification. | 07/23/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A |  | [Redact] | Primary | Purchase |  | C | B | C | B | C | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 114 | [Redact] | 9205884 | [Redact] |  | 33814945 |  |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing (3-<br>Day Waiver In<br>File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Borrower<br>waived right to<br>receive a copy<br>of the<br>appraisal at<br>least three (3)<br>business days<br>prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided |  |  |  |  |  |  | 07/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Primary | Purchase |  | B | B | A | A | B | B | A | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  | 33864493 |  |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | Missing<br>Document:<br>Missing Final<br>1003 |  | The file was<br>missing copy of<br>Final 1003. |  |  |  | Reviewer<br>Comment (2025-<br>07-25): Final 1003<br>provided Seller<br>Comment (2025-<br>07-23): Final 1003<br>Reviewer<br>Comment (2025-<br>07-22): Final 1003<br>for the co-<br>borrower was<br>provided (pages<br>[Redacted]). The<br>file is still missing<br>the final 1003 for<br>the borrower<br>(pages<br>[Redacted]).<br>Condition remains<br>Seller Comment<br>(2025-07-18):<br>Final 1003 | 07/25/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A |  | [Redact] | Second<br>Home | Purchase |  | D | B | C | A | C | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  | 33864531 |  |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec ID: 2 |  | The file is<br>missing a copy<br>of the<br>secondary<br>valuation. |  |  |  | Reviewer<br>Comment (2025-<br>07-14): CDA<br>provided. | 07/14/2025 |  |  | 1 | D | A | D | A | D | A | D | A | D | A |  | [Redact] | Second<br>Home | Purchase |  | D | B | C | A | C | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  | 33864638 |  |  | Compliance | Compliance | Federal<br>Compliance | Missing<br>Disclosure | Acknowledgement<br>of Borrower<br>Receipt of Notice<br>of Special Flood<br>Hazard Disclosure<br>Missing | FDPA<br>Notification<br>Rule: Creditor<br>did not retain<br>record of<br>borrower's<br>receipt of<br>Notice of<br>Special Flood<br>Hazard<br>Disclosure. | Creditor did not<br>retain record of<br>borrower's<br>receipt of<br>Notice of<br>Special Flood<br>Hazard<br>Disclosure. |  |  |  | Buyer Comment<br>(2025-07-25):<br>Initial and Final<br>Grade B, accepted |  |  | 07/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Second<br>Home | Purchase |  | D | B | C | A | C | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  | 33864639 |  |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Fail. | The file is<br>missing third<br>party<br>verification of<br>self-<br>employment for<br>the Partnership |  |  |  | Reviewer<br>Comment (2025-<br>07-22): Lender<br>provided guidance<br>identifying the<br>Partnership income<br>was not used to<br>qualify Seller<br>Comment (2025-<br>07-18): Invalid -<br>[Redacted] income<br>was not used to<br>qualify | 07/22/2025 |  |  | 1 | B | A | C | A | B | A | C | A | B | A |  | [Redact] | Second<br>Home | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status | D | B | C | A | C | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  | 33864640 |  |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Employment -<br>Partnership | General QM:<br>Unable to<br>verify current<br>Partnership<br>status using<br>reasonably<br>reliable third-<br>party records. | The file is<br>missing third<br>party<br>verification of<br>self-<br>employment for<br>the Partnership |  |  |  | Reviewer<br>Comment (2025-<br>07-22): Lender<br>provided guidance<br>identifying the<br>Partnership income<br>was not used to<br>qualify Seller<br>Comment (2025-<br>07-18): Invalid -<br>[Redacted] income<br>was not used to<br>qualify | 07/22/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A |  | [Redact] | Second<br>Home | Purchase |  | D | B | C | A | C | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  | 33864641 |  |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Employment -<br>Partnership | General QM:<br>Unable to<br>verify current<br>Partnership<br>status using<br>reasonably<br>reliable third-<br>party records. | The file is<br>missing third<br>party<br>verification of<br>self-<br>employment for<br>the Partnership |  |  |  | Reviewer<br>Comment (2025-<br>07-22): Lender<br>provided guidance<br>identifying the<br>Partnership income<br>was not used to<br>qualify Seller<br>Comment (2025-<br>07-18): Invalid -<br>[Redacted] income<br>was not used to<br>qualify | 07/22/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A |  | [Redact] | Second<br>Home | Purchase |  | D | B | C | A | C | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  | 33864643 |  |  | Compliance | Compliance | Federal<br>Compliance | RESPA | RESPA - Initial<br>Escrow Account<br>Statement Missing | RESPA: Initial<br>escrow<br>account<br>statement was<br>not provided to<br>the borrower. | Initial escrow<br>account<br>statement was<br>not provided to<br>the borrower. |  |  |  | Buyer Comment<br>(2025-07-25):<br>Initial and Final<br>Grade B, accepted |  |  | 07/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B |  | [Redact] | Second<br>Home | Purchase |  | D | B | C | A | C | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  | 33865225 |  |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document: Loan<br>Underwriting and<br>Transmittal<br>Summary (1008) /<br>MCAW not<br>provided |  | File is missing<br>Loan<br>Underwriting<br>and Transmittal<br>Summary<br>document. |  |  |  | Reviewer<br>Comment (2025-<br>07-22): 1008<br>provided Seller<br>Comment (2025-<br>07-18): 1008 | 07/22/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A |  | [Redact] | Second<br>Home | Purchase |  | D | B | C | A | C | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  | 33865264 |  |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document: Tax<br>Certificate not<br>provided |  | File is missing<br>Tax certificate<br>document. |  |  |  | Reviewer<br>Comment (2025-<br>07-25): Lender<br>provided calc for<br>taxes used to<br>qualify Seller<br>Comment (2025-<br>07-23): Invalid<br>request - That<br>information had<br>already been<br>provided with the<br>tax cert in the<br>initial upload - See<br>[Redacted] - Letter<br>from Tax Assessor<br>- Providing all<br>details in your<br>initial finding<br>would be greatly<br>appreciated.<br>Reviewer<br>Comment (2025-<br>07-22): Additional<br>copy of the tax cert<br>provided. The tax<br>cert verified less<br>taxes than the<br>lender used to<br>qualify<br>($[Redacted] per<br>month). Provide<br>documentation to<br>verify the amount<br>of taxes used to<br>qualify. Condition<br>remains Seller<br>Comment (2025-<br>07-18): Tax cert | 07/25/2025 |  |  | 1 | C | A | C | A | C | A | C | A | C | A |  | [Redact] | Second<br>Home | Purchase |  | D | B | C | A | C | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  | 33873658 |  |  | Property | Valuation | General | Valuation | Valuation Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets - 2<br>Days |  |  |  | Reviewer<br>Comment (2025-<br>07-14): CDA<br>provided.<br>Reviewer<br>Comment (2025-<br>07-10): Valuation<br>Received -<br>[Redacted] | 07/14/2025 |  |  | 1 |  | A |  | A |  | A |  | A |  | A |  | [Redact] | Second<br>Home | Purchase |  | D | B | C | A | C | B | D | A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 41 | [Redact] | 9215689 | [Redact] |  | 33833997 |  | Credit | Legal /<br>Regulatory /<br>Compliance | Title / Lien<br>Defect | Legal /<br>Regulatory<br>/<br>Compliance | Final Title<br>Policy is<br>missing. No<br>evidence of<br>title in file. |  | The file is<br>missing a<br>copy of Title<br>Preliminary. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>24): Title<br>commitment<br>provided<br>Buyer<br>Comment<br>(2025-07-<br>22): Title<br>docs<br>uploaded | 07/24/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 51 | [Redact] | 9215670 | [Redact] |  | 33833324 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is<br>missing a<br>copy of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>07):<br>Secondary<br>valuation<br>obtained | 07/07/2025 |  |  | 1 D A |  | [Redact] | Second<br>Home | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 51 | [Redact] | 9215670 | [Redact] |  | 33842747 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted]/<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>07):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-07-<br>06):<br>Valuation <br>Received -<br>[Redacted] | 07/07/2025 |  |  | 1 A |  | [Redact] | Second<br>Home | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 54 | [Redact] | 9215675 | [Redact] |  | 33864726 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>[Redacted]<br>exceeds<br>tolerance of $-<br>[Redacted].<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Zero Percent<br>Fee<br>Tolerance<br>exceeded for<br>Lender<br>Credits. Final<br>Lender Credit<br>of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted] .<br>Insufficient<br>or no cure<br>was provided<br>to the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>21):<br>[Redacted]<br>received<br>valid<br>changed<br>circumstacne.<br>Seller<br>Comment<br>(2025-07- <br>19): CIC | 07/21/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 67 | [Redact] | 9215687 | [Redact] |  | 33863377 |  | Credit | Legal /<br>Regulatory /<br>Compliance | Title / Lien<br>Defect | Legal /<br>Regulatory<br>/<br>Compliance | Final Title<br>Policy is<br>missing. No<br>evidence of<br>title in file. |  | The file is<br>missing a<br>copy of Title<br>Evidence |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>24): Prelim<br>title provided<br>Buyer<br>Comment<br>(2025-07-<br>22): Title<br>docs<br>uploaded | 07/24/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 67 | [Redact] | 9215687 | [Redact] |  | 33863427 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three<br>(3) business<br>days prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 07/08/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 67 | [Redact] | 9215687 | [Redact] |  | 34034335 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  |  |  | 07/24/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 68 | [Redact] | 9215685 | [Redact] |  | 33864458 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is<br>missing a<br>copy of the<br>secondary<br>valuation. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>15): CDA<br>provided.<br>Exception<br>cleared. | 07/15/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 68 | [Redact] | 9215685 | [Redact] |  | 33873661 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>15): CDA<br>provided.<br>Exception<br>cleared.<br>Reviewer<br>Comment<br>(2025-07-<br>11):<br>Valuation<br>Received -<br>[Redacted] | 07/15/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 69 | [Redact] | 9215680 | [Redact] |  | 33861663 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | ECOA<br>Receipt of<br>Appraisal<br>after Waiver |  |  |  |  |  |  | 07/08/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 69 | [Redact] | 9215680 | [Redact] |  | 33861665 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. | The appraisal<br>fee was<br>disclosed to<br>the borrower<br>on the LE as<br>$[Redacted],<br>however the<br>final CD<br>shows the fee<br>as<br>$[Redacted].<br>There was a<br>lender credit<br>to cover the<br>cost to cure. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>08):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 07/08/2025 |  | 1 A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 70 | [Redact] | 9215677 | [Redact] |  | 33862789 |  | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | - ___ ___ | Missing<br>HOA<br>verification. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>23): HOA<br>verification<br>provided<br>Seller<br>Comment<br>(2025-07-<br>20): HOA | 07/23/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 70 | [Redact] | 9215677 | [Redact] |  | 33862799 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>14): CDA<br>provided. | 07/14/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 70 | [Redact] | 9215677 | [Redact] |  | 33873664 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>14): CDA<br>provided.<br>Reviewer<br>Comment<br>(2025-07-<br>10):<br>Valuation<br>Received -<br>[Redacted] | 07/14/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 74 | [Redact] | 9215683 | [Redact] |  | 33869024 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>AUS not<br>provided |  | Provide a<br>complete<br>copy of the<br>LP approval<br>used to<br>qualify. The<br>file contains<br>multiple<br>copies of the<br>LP and the<br>pages are not<br>in order;<br>unable to<br>determine the<br>final version<br>used to<br>qualify. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>23):<br>Complete LP<br>approval<br>provided<br>Seller<br>Comment<br>(2025-07-<br>18): LP | 07/23/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 75 | [Redact] | 9215673 | [Redact] |  | 33864770 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three<br>(3) business<br>days prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 07/09/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 75 | [Redact] | 9215673 | [Redact] |  | 33873333 |  | Credit | Legal /<br>Regulatory /<br>Compliance | Title / Lien<br>Defect | Legal /<br>Regulatory<br>/<br>Compliance | Final Title<br>Policy is<br>missing. No<br>evidence of<br>title in file. |  | The title is<br>missing in<br>the file. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>24): Prelim<br>title provided<br>Buyer<br>Comment<br>(2025-07-<br>22): Title<br>docs<br>uploaded | 07/24/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 75 | [Redact] | 9215673 | [Redact] |  | 34034365 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  |  |  | 07/24/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 85 | [Redact] | 9215671 | [Redact] |  | 33835219 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is<br>missing a<br>copy of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>07):<br>Secondary<br>valuation<br>obtained | 07/07/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 85 | [Redact] | 9215671 | [Redact] |  | 33835242 |  | Credit | Hazard<br>Insurance | Insufficient<br>Coverage | Hazard<br>Insurance | The Hazard<br>Insurance<br>Policy<br>effective date<br>is after the<br>funds<br>disbursed. | Hazard<br>Insurance<br>Policy<br>Effective Date<br>___;<br>Disbursement<br>Date: ___; Note<br>Date: ___;<br>Transaction<br>Date: ___ | Guidelines do<br>not allow for<br>the Hazard<br>Insurance<br>Policy to<br>have a<br>effective date<br>([Redacted])<br>that is after<br>the later of<br>the<br>disbursement,<br>note or<br>transaction<br>date<br>([Redacted]). | The<br>qualifying<br>DTI on the<br>loan is at<br>least<br>[Redacted]%<br>less than the<br>guideline<br>maximum.<br>Borrower has<br>been<br>employed in<br>the same<br>industry for<br>more than<br>[Redacted]<br>years.<br>Borrower has<br>verified<br>disposable<br>income of at<br>least<br>$[Redacted].<br>Borrower has<br>worked in the<br>same position<br>for more than<br>[Redacted]<br>years.<br>Borrower's<br>monthly<br>reserves have<br>been verified<br>and exceed<br>the amount<br>required<br>based on the<br>guidelines by<br>at least<br>[Redacted]<br>months.<br>Borrowers<br>made a down<br>payment<br>from their<br>own funds on<br>this purchase<br>transaction of<br>at least<br>[Redacted]%<br>and<br>$[Redacted].<br>The<br>Combined<br>Loan to<br>Value<br>(CLTV) on<br>the loan is<br>less than the<br>guideline<br>maximum by<br>at least<br>[Redacted]%.<br>The Loan to<br>Value (LTV)<br>on the loan is<br>less than or<br>equal to<br>[Redacted]%.<br>The Loan to<br>Value (LTV)<br>on the loan is<br>less than the<br>guideline<br>maximum by<br>at least<br>[Redacted]%.<br>The<br>qualifying<br>DTI on the<br>loan is less<br>than or equal<br>to<br>[Redacted]%.<br>The<br>representative<br>FICO score<br>exceeds the<br>guideline<br>minimum by<br>at least<br>[Redacted]<br>points. The<br>representative<br>FICO score is<br>above<br>[Redacted]. | DTI<br>[Redacted]%<br>[Redacted]<br>months<br>reserves | [Redact],Aggregator<br>[Redact] [Redact]<br>[Redact]<br>Aggregator,[Redact]<br>[Redact] [Redact]<br>[Redact] [Redact]<br>[Redact] [Redact]<br>[Redact] | Reviewer<br>Comment<br>(2025-07-<br>22): Client<br>elected to<br>waive the<br>condition<br>with the<br>following<br>compensating<br>factors: DTI<br>[Redacted]%,<br>[Redacted]<br>months<br>reserves<br>Reviewer<br>Comment<br>(2025-07-<br>22): Seller<br>provided<br>proof there<br>were no<br>claims on the<br>policy prior<br>to the<br>effective<br>date. This<br>cannot clear<br>the condition.<br>Elevating to<br>the client for<br>review for a<br>possible<br>exception.<br>Seller<br>Comment<br>(2025-07-<br>18): Affidavit |  |  | 07/22/2025 | 2 C B |  | [Redact] | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 85 | [Redact] | 9215671 | [Redact] |  | 33842750 |  | Property | Valuation | General | Valuation | Valuation Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA)—No<br>MLS<br>Sheets—2<br>Days |  |  |  | Reviewer Comment<br>(2025-07-07):<br>Secondary valuation<br>obtained Reviewer<br>Comment (2025-07-<br>06): Valuation<br>Received—[Redacted] | 07/07/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 100 | [Redact] | 9215676 | [Redact] |  | 33834291 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal—Copy of<br>Appraisal Not<br>Provided 3 Business<br>Days Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation. |  |  |  |  |  |  |  | 07/03/2025 | 2 B |  | [Redact] | Second<br>Home | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 110 | [Redact] | 9215691 | [Redact] |  | 33860471 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | FEMA Disaster<br>Issue: Property is<br>located in a FEMA<br>Disaster area and has<br>not been inspected. |  | The subject<br>property is<br>located in a<br>FEMA<br>disaster area.<br>The<br>appraisal<br>was<br>performed<br>after the<br>FEMA<br>declaration<br>start date but<br>prior to the<br>declared end<br>date. Provide<br>a post-<br>disaster<br>inspection<br>dated after<br>the<br>declaration<br>end date of<br>[Redacted]. |  |  |  | Reviewer Comment<br>(2025-07-23): PDI<br>provided Seller<br>Comment (2025-07-<br>23): Final Inspection<br>Seller Comment<br>(2025-07-21): PDI | 07/23/2025 |  |  | 1 C A |  | [Redact] | Primary | Refinance—Rate/Term | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 111 | [Redact] | 9215678 | [Redact] |  | 33834053 |  | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines require<br>one year Tax<br>Transcript (1040)<br>when a 1040 personal<br>tax return was used to<br>qualify. File contains<br>no 1040 transcript. |  | Tax returns<br>used to<br>verify rental<br>income.<br>Transcripts<br>are required. |  |  |  | Reviewer Comment<br>(2025-07-23):<br>Alternate<br>documentation<br>allowed by the guides<br>was provided Seller<br>Comment (2025-07-<br>22): [Redacted] tax<br>transcripts were not<br>available. The AUS<br>Jumbo profile<br>attached provides<br>alternative<br>documentation which<br>is acceptable in lieu of<br>the transcript. | 07/23/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 111 | [Redact] | 9215678 | [Redact] |  | 33834054 |  | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines require<br>one year Tax<br>Transcript (1040)<br>when a 1040 personal<br>tax return was used to<br>qualify. File contains<br>no 1040 transcript. |  | Tax returns<br>used to<br>verify rental<br>income.<br>Transcripts<br>are required. |  |  |  | Reviewer Comment<br>(2025-07-23):<br>Alternate<br>documentation<br>allowed by the guides<br>was provided | 07/23/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 111 | [Redact] | 9215678 | [Redact] |  | 33836101 |  | Credit | Title | Document<br>Error | Title | The Preliminary title<br>policy is within<br>[Redacted] or<br>[Redacted] and does<br>not reflect a coverage<br>amount (no final title<br>policy in file).<br>Unable to determine<br>if appropriate<br>coverage is provided. |  | The<br>Preliminary<br>Title Policy<br>is within<br>[Redacted]<br>and does not<br>reflect a<br>coverage<br>amount (no<br>Final Title<br>Policy in<br>file). Unable<br>to determine<br>if<br>appropriate<br>coverage is<br>provided |  |  |  |  |  |  | 07/03/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 111 | [Redact] | 9215678 | [Redact] |  | 33836134 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal—Copy of<br>Appraisal Not<br>Provided 3 Business<br>Days Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation. | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 07/03/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 111 | [Redact] | 9215678 | [Redact] |  | 33839660 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM Defect | Check Loan<br>Designation<br>Match—QM | Qualified<br>Mortgage (Dodd-<br>Frank 2014):<br>Originator Loan<br>Designation of<br>Safe Harbor QM<br>(APOR) does not<br>match Due<br>Diligence Loan<br>Designation of<br>QM (APOR)<br>Risk. | Condition<br>will be<br>cleared when<br>all QM/<br>ATR/<br>Guideline<br>conditions<br>are cleared |  |  |  | Reviewer Comment<br>(2025-07-23):<br>Alternate<br>documentation<br>allowed by the guides<br>was provided | 07/23/2025 |  |  | 1 B A C |  | [Redact] | Primary | Purchase | Lender<br>to<br>provide<br>updated<br>ATR/<br>QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 111 | [Redact] | 9215678 | [Redact] |  | 33839661 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM Defect | General QM<br>Provision Investor<br>Guidelines Violation | General QM:<br>Based on the loan<br>failing one or<br>more guideline<br>components, the<br>loan is at QM<br>risk. | Missing 1<br>years' tax<br>transcripts,<br>as required<br>by the guides |  |  |  | Reviewer Comment<br>(2025-07-23):<br>Alternate<br>documentation<br>allowed by the guides<br>was provided | 07/23/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | [Redact] | 9215679 | [Redact] |  | 33833717 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM Defect | QM Points and Fees<br>2021 | Qualified<br>Mortgage (Dodd<br>Frank 2014):<br>Points and Fees<br>on subject loan of<br>[Redacted]% is in<br>excess of the<br>allowable<br>maximum of<br>[Redacted] %<br>of the Federal<br>Total Loan<br>Amount. Points<br>and Fees total<br>$[Redacted] on a<br>Federal Total<br>Loan Amount of<br>$[Redacted] vs.<br>an allowable total<br>of<br>$[Redacted](an<br>overage of<br>$[Redacted] or<br>.[Redacted]%). | The file is<br>missing<br>proof of the<br>undiscounted<br>interest rate<br>and the<br>undiscounted<br>interest rate<br>price or the<br>amount of<br>discount<br>points<br>required to<br>obtain the<br>undiscounted<br>rate, to<br>determine if<br>any of the<br>discount<br>points are<br>bona fide. |  |  |  | Reviewer Comment<br>(2025-07-22):<br>Undiscounted rate and<br>price provided and a<br>portion of the discount<br>points are bona fide.<br>Loan is SHQM Seller<br>Comment (2025-07-<br>18): QM | 07/22/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | [Redact] | 9215679 | [Redact] |  | 33833745 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM | Self-Employed Tax<br>Return<br>Recency—ATR | Ability to Repay<br>(Dodd-Frank<br>2014): Self<br>Employed Tax<br>Returns—The<br>business or<br>personal tax<br>returns provided<br>are not the most<br>recent.<br>Application Date<br>[Redacted], Most<br>Recent Tax<br>Return End Date<br>[Redacted], Tax<br>Return Due Date<br>[Redacted]. | The business<br>or personal<br>tax returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return<br>End Date<br>[Redacted],<br>Tax Return<br>Due Date<br>[Redacted]. |  |  |  | Reviewer Comment<br>(2025-07-22):<br>Undiscounted rate and<br>price provided and a<br>portion of the discount<br>points are bona fide.<br>Loan is SHQM | 07/22/2025 |  |  | 1 B A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | [Redact] | 9215679 | [Redact] |  | 33833746 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM | Self-Employed Tax<br>Return<br>Recency—ATR | Ability to Repay<br>(Dodd-Frank<br>2014): Self<br>Employed Tax<br>Returns—The<br>business or<br>personal tax<br>returns provided<br>are not the most<br>recent.<br>Application Date<br>[Redacted], Most<br>Recent Tax<br>Return End Date<br>[Redacted], Tax<br>Return Due Date<br>[Redacted]. | The business<br>or personal<br>tax returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return<br>End Date<br>[Redacted],<br>Tax Return<br>Due Date<br>[Redacted]. |  |  |  | Reviewer Comment<br>(2025-07-22):<br>Undiscounted rate and<br>price provided and a<br>portion of the discount<br>points are bona fide.<br>Loan is SHQM | 07/22/2025 |  |  | 1 B A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | [Redact] | 9215679 | [Redact] |  | 33833747 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM Defect | Check Loan<br>Designation<br>Match—QM | Qualified<br>Mortgage (Dodd-<br>Frank 2014):<br>Originator Loan<br>Designation of<br>Safe Harbor QM<br>(APOR) does not<br>match Due<br>Diligence Loan<br>Designation of<br>QM (APOR)<br>Fail. | The file is<br>missing<br>proof of the<br>undiscounted<br>interest rate<br>and the<br>undiscounted<br>interest rate<br>price or the<br>amount of<br>discount<br>points<br>required to<br>obtain the<br>undiscounted<br>rate, to<br>determine if<br>any of the<br>discount<br>points are<br>bona fide. |  |  |  | Reviewer Comment<br>(2025-07-22):<br>Undiscounted rate and<br>price provided and a<br>portion of the discount<br>points are bona fide.<br>Loan is SHQM | 07/22/2025 |  |  | 1 B A C |  | [Redact] | Primary | Purchase | Lender<br>to<br>provide<br>updated<br>ATR/<br>QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | [Redact] | 9215679 | [Redact] |  | 33834385 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal—Appraisal<br>Not Provided at or<br>Before Closing (3-<br>Day Waiver In File) | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Borrower<br>waived right to<br>receive a copy of<br>the appraisal at<br>least three (3)<br>business days<br>prior to closing,<br>and appraisal was<br>not provided at or<br>before closing. | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 07/03/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | [Redact] | 9215679 | [Redact] |  | 33835198 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Lender Credit<br>Tolerance Violation<br>With Sufficient<br>Cure—1026.19(f)(2)<br>Cure | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of<br>$[Redacted]<br>exceeds tolerance<br>of $0.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower. | Zero Percent<br>Fee<br>Tolerance<br>exceeded for<br>Lender<br>Credits.<br>Final Lender<br>Credit of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower. |  |  |  | Reviewer Comment<br>(2025-07-03):<br>Sufficient Cure<br>Provided within<br>[Redacted] Days of<br>Closing |  | 07/03/2025 |  | 1 A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | [Redact] | 9215679 | [Redact] |  | 33839441 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing Document | Missing Document:<br>AUS not provided |  | Provide a<br>complete<br>copy of the<br>LP approval<br>used to<br>qualify. The<br>file contains<br>multiple<br>copies of the<br>LP and the<br>pages are not<br>in order;<br>unable to<br>determine<br>the final<br>version used<br>to qualify. |  |  |  | Reviewer Comment<br>(2025-07-22): Final<br>AUS provided Seller<br>Comment (2025-07-<br>17): LP | 07/22/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | [Redact] | 9215679 | [Redact] |  | 34004876 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM Defect | Self-Employed Tax<br>Return<br>Recency—QM | General QM: Self<br>Employed Tax<br>Returns—The<br>business or<br>personal tax<br>returns provided<br>are not the most<br>recent.<br>Application Date<br>[Redacted], Most<br>Recent Tax<br>Return End Date<br>[Redacted], Tax<br>Return Due Date<br>[Redacted]. |  |  |  |  |  |  |  | 07/22/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | [Redact] | 9215679 | [Redact] |  | 34004877 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM Defect | Self-Employed Tax<br>Return<br>Recency—QM | General QM: Self<br>Employed Tax<br>Returns—The<br>business or<br>personal tax<br>returns provided<br>are not the most<br>recent.<br>Application Date<br>[Redacted], Most<br>Recent Tax<br>Return End Date<br>[Redacted], Tax<br>Return Due Date<br>[Redacted]. |  |  |  |  |  |  |  | 07/22/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 113 | [Redact] | 9215693 | [Redact] |  | 33828850 |  | Property | Property—Appraisal | Appraisal<br>Documentation | Property—Appraisal | Loan is to be<br>securitized.<br>Secondary valuation<br>is missing. Sec ID: 2 |  | The file is<br>missing a<br>copy of the<br>supporting<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer Comment<br>(2025-07-09):<br>Secondary valuation<br>obtained Reviewer<br>Comment (2025-07-<br>08): The doc<br>referenced is the CU<br>score and the CU<br>score is > [Redacted].<br>A secondary valuation<br>was ordered at the<br>request of the client<br>and the condition will<br>be updated after<br>receipt. Condition is<br>valid and remains<br>open Seller Comment<br>(2025-07-08):<br>Invalid—FNMA Desk<br>Review begins on<br>[Redacted] | 07/09/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 113 | [Redact] | 9215693 | [Redact] |  | 33828950 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal—Copy of<br>Appraisal Not<br>Provided 3 Business<br>Days Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation. | Verification<br>of appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided |  |  |  |  |  |  | 07/03/2025 | 2 B |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 113 | [Redact] | 9215693 | [Redact] |  | 33832503 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return<br>End Date<br>[Redacted],<br>Tax Return<br>Due Date<br>[Redacted]. | The business<br>or personal<br>tax returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return<br>End Date<br>[Redacted],<br>Tax Return<br>Due Date<br>[Redacted]. |  |  |  |  |  |  | 07/03/2025 | 2 B |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 113 | [Redact] | 9215693 | [Redact] |  | 33842753 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>09):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-07-<br>09):<br>Valuation <br>Received -<br>[Redacted] | 07/09/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 115 | [Redact] | 9215681 | [Redact] |  | 33859572 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>Preliminary<br>Title Policy<br>is within<br>[Redacted]<br>and does not<br>reflect a<br>coverage<br>amount (no<br>Final Title<br>Policy in<br>file). Unable<br>to determine<br>if<br>appropriate<br>coverage is<br>provided |  |  |  |  |  |  | 07/08/2025 | 2 B |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 115 | [Redact] | 9215681 | [Redact] |  | 33859614 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  | The file is<br>missing a<br>copy of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>11): CDA<br>provided.<br>Exception<br>cleared. | 07/11/2025 |  |  | 1 D A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 115 | [Redact] | 9215681 | [Redact] |  | 33873666 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>11): CDA<br>provided.<br>Exception<br>cleared.<br>Reviewer<br>Comment<br>(2025-07-<br>09):<br>Valuation<br>Received -<br>[Redacted] | 07/11/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 116 | [Redact] | 9215684 | [Redact] |  | 33832202 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  | 07/03/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 116 | [Redact] | 9215684 | [Redact] |  | 33832206 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>(2025-07-<br>03):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 07/03/2025 |  | 1 A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 117 | [Redact] | 9215694 | [Redact] |  | 33863280 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Borrower<br>waived right to<br>receive a copy<br>of the<br>appraisal at<br>least three (3)<br>business days<br>prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing. | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 07/08/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 77 | [Redact] | 9370560 | [Redact] |  | 34393804 |  | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Credit | Guideline<br>Requirement:<br>Refinance<br>purpose<br>discrepancy. |  | Provide an<br>AUS<br>matching the<br>final terms of<br>the loan. The<br>DU in file<br>identified the<br>purpose as a<br>Limited<br>Cash Out<br>refi; however<br>the purpose<br>is a cash out<br>refi as the<br>borrower<br>paid off<br>consumer<br>debt and a<br>delinquent<br>personal<br>taxes on the<br>final CD<br>which are<br>considered<br>cash out. |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>16):<br>Received<br>AUS.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-09-<br>15): AUS | 09/16/2025 |  |  | 1 C A |  | [Redact] | Primary | Refinance<br>- Cash-<br>out -<br>Other | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | [Redact] | 9370562 | [Redact] |  | 34394256 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>Preliminary<br>title policy is<br>within<br>[Redacted]<br>or<br>[Redacted]<br>and does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in<br>file). Unable<br>to determine<br>if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  | 09/10/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | [Redact] | 9370562 | [Redact] |  | 34394385 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets - Assets | General QM:<br>Unable to<br>verify assets<br>using<br>reasonably<br>reliable third-<br>party records. | Bank<br>statement not<br>proivded for<br>this<br>proceeds. |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>15): Final<br>settlement<br>statement<br>provided<br>Seller<br>Comment<br>(2025-09-<br>11): Net<br>Proceeds | 09/15/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | [Redact] | 9370562 | [Redact] |  | 34394390 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Fail. | Originator<br>Loan<br>Designation<br>of Safe<br>Harbor QM<br>(APOR)<br>does not<br>match Due<br>Diligence<br>Loan<br>Designation<br>of QM<br>(APOR)<br>Fail. |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>15): Final<br>settlement<br>statement<br>provided | 09/15/2025 |  |  | 1 B A C |  | [Redact] | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | [Redact] | 9370562 | [Redact] |  | 34394391 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Ten<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Ten Percent<br>Fee Tolerance<br>exceeded.<br>Total amount<br>of $[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted]<br>plus<br>[Redacted]%<br>or<br>$[Redacted].<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Ten Percent<br>Fee<br>Tolerance<br>exceeded.<br>Total amount<br>of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted]<br>plus<br>[Redacted]%<br>or<br>$[Redacted] .<br>Insufficient<br>or no cure<br>was provided<br>to the<br>borrower.<br>([Redacted]) |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>16):<br>[Redacted]<br>received<br>Post CD,<br>LOX and<br>Final SS.<br>Seller<br>Comment<br>(2025-09-<br>15):<br>[Redacted]%<br>fees | 09/16/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | [Redact] | 9370562 | [Redact] |  | 34401232 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Loan<br>Discounts<br>Points was<br>last disclosed<br>as<br>$[Redacted]<br>on LE but<br>disclosed as<br>$[Redacted]<br>on Final<br>Closing<br>Disclosure.<br>File does not<br>contain a<br>valid COC<br>for this fee,<br>nor evidence<br>of cure in<br>file. Provide<br>a post-close<br>CD<br>disclosing<br>the tolerance<br>cure to<br>include<br>$[Redacted],<br>a copy of<br>refund<br>check, proof<br>of delivery,<br>and a copy<br>of the letter<br>of<br>explanation<br>sent to the<br>borrower<br>disclosing<br>the changes<br>made. |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>16):<br>[Redacted]<br>received a<br>vaid COC.<br>Seller<br>Comment<br>(2025-09-<br>15): COC | 09/16/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 86 | [Redact] | 9370564 | [Redact] |  | 34431574 |  | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | - | The file is<br>missing a<br>copy of<br>HOA<br>Verification. |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>16):<br>Received<br>Tax<br>Certificate.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-09- <br>15): REU<br>submitted as<br>a SFR, no<br>evidence of<br>being a PUD<br>or HOA | 09/16/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | [Redact] | 9370566 | [Redact] |  | 34393878 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 09/10/2025 | 2 B |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | [Redact] | 9370566 | [Redact] |  | 34401207 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 |  | Loan is to be<br>securitized.<br>AVM<br>supports<br>value.<br>Vendor/FSD<br>do not meet<br>Fitch criteria. |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>16):<br>Secondary<br>valuation<br>obtained<br>Seller<br>Comment<br>(2025-09-<br>12): CDA | 09/16/2025 |  |  | 1 A D |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | [Redact] | 9370566 | [Redact] |  | 34401309 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 09/10/2025 | 2 B |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | [Redact] | 9370566 | [Redact] |  | 34430259 |  | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | [Redacted] /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>16):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-09-<br>16):<br>Valuation <br>Received -<br> [Redacted] | 09/16/2025 |  |  | 1 A |  | [Redact] | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 89 | [Redact] | 9370567 | [Redact] |  | 34396678 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 09/10/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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------

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 89 | [Redact] | 9370567 | [Redact] |  | 34396678 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 09/10/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 89 | [Redact] | 9370567 | [Redact] |  | 34396679 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  | 09/10/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 89 | [Redact] | 9370567 | [Redact] |  | 34396680 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  | 09/10/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 90 | [Redact] | 9370568 | [Redact] |  | 34413125 |  | Credit | Credit | AUS<br>Discrepancy<br>/ Guidelines<br>Discrepancy | Credit | Guideline<br>Requirement:<br>Property type<br>discrepancy. |  | Appraisal<br>property type<br>of Single<br>Family<br>Detached does<br>not match<br>Guideline<br>property type<br>of PUD. |  |  |  | Reviewer<br>Comment<br>(2025-09-16):<br>Revised appraisal<br>provided<br>correcting the<br>property to a<br>PUD <br>Seller Comment<br>(2025-09-16):<br>Appraisal and<br>SSR's | 09/16/2025 |  |  | 1 C A |  | [Redact] | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 118 | [Redact] | 9370569 | [Redact] |  | 34404038 |  | Credit | Loan Package<br>Documentation | Application<br>/ Processing | Loan Package<br>Documentation | Missing<br>Document:<br>Missing Final<br>1003 |  | The file is<br>missing a copy<br>of Final 1003. |  |  |  | Reviewer<br>Comment<br>(2025-09-16):<br>Received Final<br>1003. Exception<br>Cleared. <br>Seller Comment<br>(2025-09-15):<br>Final 1003 | 09/16/2025 |  |  | 1 C A |  | [Redact] | Primary | Refinance<br>-<br>Cash-out<br>- Other | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 118 | [Redact] | 9370569 | [Redact] |  | 34412789 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure -<br>1026.19(f)(2)<br>Cure | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower. |  |  |  |  | Reviewer<br>Comment<br>(2025-09-11):<br>Sufficient Cure<br>Provided within<br>[Redacted] Days<br>of Closing |  | 09/11/2025 |  | 1 A |  | [Redact] | Primary | Refinance<br>-<br>Cash-out<br>- Other | Provide the<br>following:<br>Letter of<br>Explanation<br>notifying<br>borrower or<br>error, Copy<br>of Refund<br>Check/<br>Evidence of<br>Principal<br>Reduction,<br>Corrected<br>CD, and<br>Proof of<br>Delivery (if<br>refund is<br>over $35) C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 118 | [Redact] | 9370569 | [Redact] |  | 34412844 |  | Credit | Loan Package<br>Documentation | Application<br>/ Processing | Missing<br>Document | Missing<br>Document:<br>Loan<br>Underwriting<br>and<br>Transmittal<br>Summary<br>(1008) /<br>MCAW not<br>provided |  | Provide<br>corrected 1008<br>matching AUS<br>findings. |  |  |  | Reviewer<br>Comment<br>(2025-09-16):<br>Received 1008.<br>Exception<br>Cleared. <br>Seller Comment<br>(2025-09-15):<br>1008 | 09/16/2025 |  |  | 1 C A |  | [Redact] | Primary | Refinance<br>-<br>Cash-out<br>- Other | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 121 | [Redact] | 9370572 | [Redact] |  | 34402458 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 09/10/2025 | 2 B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 121 | [Redact] | 9370572 | [Redact] |  | 34402459 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted].<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$[Redacted] .<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. |  |  |  | Reviewer<br>Comment<br>(2025-09-10):<br>Sufficient Cure<br>Provided At<br>Closing |  | 09/10/2025 |  | 1 A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 121 | [Redact] | 9370572 | [Redact] |  | 34403671 |  | Credit | Missing<br>Document | General | Missing<br>Document | Missing<br>Document:<br>Relationship<br>Letter not<br>provided |  | Borrower rent<br>from seller,<br>unable to<br>determine due<br>to seller credit<br>of<br>$[Redacted]. | The<br>representative<br>FICO score<br>exceeds the<br>guideline<br>minimum by<br>at least<br>[Redacted]<br>points. <br>Borrower<br>has been<br>employed in<br>the same<br>industry for<br>more than<br>[Redacted]<br>years. <br>Borrower<br>has verified<br>disposable<br>income of at<br>least<br>$[Redacted]. <br>Borrower<br>has worked<br>in the same<br>position for<br>more than<br>[Redacted]<br>years. <br>Borrower's<br>monthly<br>reserves have<br>been verified<br>and exceed<br>the amount<br>required<br>based on the<br>guidelines by<br>at least<br>[Redacted]<br>months. <br>Borrowers<br>made a down<br>payment<br>from their<br>own funds on<br>this purchase<br>transaction of<br>at least<br>[Redacted]%<br>and<br>$[Redacted]. <br>The<br>qualifying<br>DTI on the<br>loan is at<br>least<br>[Redacted]%<br>less than the<br>guideline<br>maximum. <br>The<br>qualifying<br>DTI on the<br>loan is less<br>than or equal<br>to<br>[Redacted]%.<br>The<br>representative<br>FICO score is<br>above<br>[Redacted]. | FICO [Redacted]<br>vs min required<br>of [Redacted] <br>Residual Income:<br>$[Redacted] <br>Cash reserves of<br>[Redacted]months<br>vs [Redacted]<br>months required <br>DTI<br>[Redacted]% | [Redact],Aggregator <br>[Redact] <br>Aggregator,[Redact]<br>[Redact] <br>Aggregator,[Redact]<br>[Redact] <br>Aggregator,[Redact]<br>[Redact] <br>[Redact] | Reviewer<br>Comment<br>(2025-09-16):<br>Client elected to<br>waive the<br>condition with the<br>following<br>compensating<br>factors: <br>FICO [Redacted]<br>vs min required<br>of [Redacted] <br>Residual Income:<br>$[Redacted] <br>DTI<br>[Redacted]% <br>Cash reserves of<br>[Redacted]months<br>vs [Redacted]<br>months required <br>Reviewer<br>Comment<br>(2025-09-12): It<br>is non arm length<br>transaction<br>required<br>Relationship<br>Letter to confirm<br>relationship<br>between seller &<br>buyer to clear this<br>condition.<br>Exception<br>Remains. <br>Seller Comment<br>(2025-09-11):<br>The transaction is<br>non-arm's length<br>but there is no<br>indication it is<br>intra-family.<br>Seller credits are<br>very common in a<br>purchase<br>transaction and<br>are not a red flag<br>for intra family<br>transactions. I<br>searched<br>[Redacted] and<br>the sellers do not<br>appear as possible<br>relatives of the<br>borrowers. |  |  | 09/16/2025 | 2 C B |  | [Redact] | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 122 | [Redact] | 9370573 | [Redact] |  | 34403473 |  | Credit | Loan Package<br>Documentation | Application<br>/ Processing | Loan Package<br>Documentation | The file is<br>missing proof<br>of the<br>Universal<br>Loan Identifier<br>(ULI). |  | Please provide<br>Universal<br>Loan<br>Identifier. |  |  |  | Buyer Comment<br>(2025-09-16):<br>ULI is [Redacted] |  |  | 09/16/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 122 | [Redact] | 9370573 | [Redact] |  | 34403674 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 09/10/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 122 | [Redact] | 9370573 | [Redact] |  | 34403675 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  | 09/10/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 122 | [Redact] | 9370573 | [Redact] |  | 34403677 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Document<br>Preparation<br>Fee. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Document<br>Preparation<br>Fee. Fee<br>Amount of<br>$[Redacted]<br>exceeds<br>tolerance of<br>$0.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. |  |  |  | Reviewer<br>Comment<br>(2025-09-10):<br>Sufficient Cure<br>Provided At<br>Closing |  | 09/10/2025 |  | 1 A |  | [Redact] | Primary | Purchase | Final CD<br>evidences<br>Cure B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 123 | [Redact] | 9370574 | [Redact] |  | 34398462 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | Provide a copy<br>of the final<br>title policy or<br>an addendum<br>to the report<br>verifying title<br>insurance of at<br>least the loan<br>amount. |  |  |  |  |  |  | 09/10/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 123 | [Redact] | 9370574 | [Redact] |  | 34402124 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Borrower<br>waived right to<br>receive a copy<br>of the<br>appraisal at<br>least three<br>(3) business<br>days prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 09/10/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 124 | [Redact] | 9370575 | [Redact] |  | 34402373 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 09/10/2025 | 2 B |  | [Redact] | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 278 | [Redact] | 9500708 | [Redact] |  | 34448307 |  | Compliance | Compliance | Federal<br>Compliance | Missing<br>Non-Required<br>Data | (Missing Data)<br>Last Rate Set<br>Date | Last Date Rate<br>Set and Initial<br>Rate Lock<br>Date not<br>provided.<br>Worst Case<br>Scenario<br>between<br>Creditor<br>Application<br>Date and<br>Transaction<br>Date used to<br>determine rate<br>used for<br>testing. | Rate Lock not<br>provided |  |  |  | Buyer Comment<br>(2025-09-16):<br>Initial and Final<br>Grade B,<br>accepted |  |  | 09/16/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 279 | [Redact] | 9500710 | [Redact] |  | 34447988 |  | Compliance | Compliance | Federal<br>Compliance | Missing<br>Non-Required<br>Data | (Missing Data)<br>Last Rate Set<br>Date | Last Date Rate<br>Set and Initial<br>Rate Lock<br>Date not<br>provided.<br>Worst Case<br>Scenario<br>between<br>Creditor<br>Application<br>Date and<br>Transaction<br>Date used to<br>determine rate<br>used for<br>testing. | Last Date Rate<br>Set and Initial<br>Rate Lock<br>Date not<br>provided. |  |  |  | Buyer Comment<br>(2025-09-16):<br>Initial and Final<br>Grade B,<br>accepted |  |  | 09/16/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 279 | [Redact] | 9500710 | [Redact] |  | 34448181 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Borrower<br>waived right to<br>receive a copy<br>of the<br>appraisal at<br>least three<br>(3) business<br>days prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing. | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 09/15/2025 | 2 B |  | [Redact] | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

---

## Exhibit 99.9

**EXHIBIT 99.9** 

**AMC RATING AGENCY GRADES** 

------

![LOGO](g36959g35w48.jpg)

---

| |
|:---|
| **Rating Agency Grades** |
| **Run Date - 9/22/2025 9:20:48 AM** |

---

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | [Redact] | 9003720 | [Redact] |  |  | A | B | D | D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 94 | [Redact] | 9003726 | [Redact] |  |  | A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2 | [Redact] | 9009676 | [Redact] |  |  | B | B | A | B | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | [Redact] | 9009670 | [Redact] |  |  | C | C | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | [Redact] | 9009683 | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | [Redact] | 9035779 | [Redact] |  |  | C | A | A | C | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | [Redact] | 9034571 | [Redact] |  |  | B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | [Redact] | 9035782 | [Redact] |  |  | C | B | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 96 | [Redact] | 9035809 | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 97 | [Redact] | 9044268 | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 | [Redact] | 9135931 | [Redact] |  |  | A | C | D | D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9 | [Redact] | 9135937 | [Redact] |  |  | C | A | D | D | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10 | [Redact] | 9135923 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11 | [Redact] | 9135938 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12 | [Redact] | 9135930 | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 13 | [Redact] | 9135921 | [Redact] |  |  | A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 14 | [Redact] | 9135926 | [Redact] |  |  | B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15 | [Redact] | 9133985 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 16 | [Redact] | 9133986 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 17 | [Redact] | 9133987 | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 18 | [Redact] | 9135924 | [Redact] |  |  | B | B | A | B | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | [Redact] | 9133988 | [Redact] |  |  | C | C | D | D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20 | [Redact] | 9133989 | [Redact] |  |  | A | A | A | A | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 22 | [Redact] | 9133990 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 23 | [Redact] | 9135927 | [Redact] |  |  | B | B | A | B | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 24 | [Redact] | 9133991 | [Redact] |  |  | A | C | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25 | [Redact] | 9133992 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 26 | [Redact] | 9135925 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 27 | [Redact] | 9133993 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | [Redact] | 9133994 | [Redact] |  |  | C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 29 | [Redact] | 9133995 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 30 | [Redact] | 9133996 | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 31 | [Redact] | 9135940 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 32 | [Redact] | 9135929 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | [Redact] | 9133997 | [Redact] |  |  | C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 34 | [Redact] | 9135939 | [Redact] |  |  | A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 35 | [Redact] | 9135936 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 36 | [Redact] | 9133998 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 37 | [Redact] | 9135941 | [Redact] |  |  | C | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 38 | [Redact] | 9133999 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 39 | [Redact] | 9135934 | [Redact] |  |  | A | C | A | C | A | B | A | B |  |

---

------

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** |
| &nbsp;&nbsp;&nbsp;&nbsp; 40 | [Redact] | 9135932 | [Redact] |  |  | C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | [Redact] | 9134000 | [Redact] |  |  | C | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 82 | [Redact] | 9135935 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 91 | [Redact] | 9134001 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 99 | [Redact] | 9134002 | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 101 | [Redact] | 9135928 | [Redact] |  |  | C | B | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | [Redact] | 9135933 | [Redact] |  |  | C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | [Redact] | 9135922 | [Redact] |  |  | C | B | D | D | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 104 | [Redact] | 9134003 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 98 | [Redact] | 9153161 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 21 | [Redact] | 9197232 | [Redact] |  |  | B | A | D | D | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 43 | [Redact] | 9197233 | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 44 | [Redact] | 9197234 | [Redact] |  |  | B | C | A | C | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 48 | [Redact] | 9197236 | [Redact] |  |  | B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 50 | [Redact] | 9197237 | [Redact] |  |  | B | B | A | B | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | [Redact] | 9197238 | [Redact] |  |  | A | C | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 42 | [Redact] | 9205856 | [Redact] |  |  | C | A | A | C | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | [Redact] | 9205857 | [Redact] |  |  | A | C | D | D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 46 | [Redact] | 9205858 | [Redact] |  |  | B | C | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | [Redact] | 9205859 | [Redact] |  |  | C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 49 | [Redact] | 9205860 | [Redact] |  |  | A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 52 | [Redact] | 9205861 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 53 | [Redact] | 9205862 | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 55 | [Redact] | 9205863 | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | [Redact] | 9205864 | [Redact] |  |  | B | B | D | D | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 57 | [Redact] | 9205865 | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | [Redact] | 9205867 | [Redact] |  |  | C | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 60 | [Redact] | 9205868 | [Redact] |  |  | A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 61 | [Redact] | 9205869 | [Redact] |  |  | B | A | D | D | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 62 | [Redact] | 9205870 | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 63 | [Redact] | 9205871 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 64 | [Redact] | 9205872 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 65 | [Redact] | 9205873 | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 71 | [Redact] | 9205874 | [Redact] |  |  | B | B | A | B | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 72 | [Redact] | 9205875 | [Redact] |  |  | C | A | A | C | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | [Redact] | 9205876 | [Redact] |  |  | B | B | D | D | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 92 | [Redact] | 9205877 | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 93 | [Redact] | 9205878 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 105 | [Redact] | 9205879 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 107 | [Redact] | 9205880 | [Redact] |  |  | A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 108 | [Redact] | 9205881 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  |  | C | C | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 114 | [Redact] | 9205884 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  |  | C | C | D | D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 41 | [Redact] | 9215689 | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 51 | [Redact] | 9215670 | [Redact] |  |  | A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 54 | [Redact] | 9215675 | [Redact] |  |  | A | C | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 58 | [Redact] | 9215692 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 66 | [Redact] | 9215688 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 67 | [Redact] | 9215687 | [Redact] |  |  | C | B | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 68 | [Redact] | 9215685 | [Redact] |  |  | A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 69 | [Redact] | 9215680 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 70 | [Redact] | 9215677 | [Redact] |  |  | C | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 73 | [Redact] | 9215686 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 74 | [Redact] | 9215683 | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 75 | [Redact] | 9215673 | [Redact] |  |  | C | B | A | C | B | B | A | B |  |

---

------

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** |
| &nbsp;&nbsp;&nbsp;&nbsp; 85 | [Redact] | 9215671 | [Redact] |  |  | C | A | D | D | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 100 | [Redact] | 9215676 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 106 | [Redact] | 9215674 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 110 | [Redact] | 9215691 | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 111 | [Redact] | 9215678 | [Redact] |  |  | C | C | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | [Redact] | 9215679 | [Redact] |  |  | C | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 113 | [Redact] | 9215693 | [Redact] |  |  | A | B | D | D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 115 | [Redact] | 9215681 | [Redact] |  |  | B | A | D | D | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 116 | [Redact] | 9215684 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 117 | [Redact] | 9215694 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 77 | [Redact] | 9370560 | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 78 | [Redact] | 9370561 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | [Redact] | 9370562 | [Redact] |  |  | B | C | A | C | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 86 | [Redact] | 9370564 | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 87 | [Redact] | 9370565 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | [Redact] | 9370566 | [Redact] |  |  | A | B | A D | B D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 89 | [Redact] | 9370567 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 90 | [Redact] | 9370568 | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 118 | [Redact] | 9370569 | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 121 | [Redact] | 9370572 | [Redact] |  |  | C | B | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 122 | [Redact] | 9370573 | [Redact] |  |  | B | B | A | B | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 123 | [Redact] | 9370574 | [Redact] |  |  | B | B | A | B | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 124 | [Redact] | 9370575 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 277 | [Redact] | 9500706 | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 278 | [Redact] | 9500708 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 279 | [Redact] | 9500710 | [Redact] |  |  | A | B | A | B | A | B | A | B |  |

---

## Exhibit 99.10

**EXHIBIT 99.10** 

**AMC VALUATION REPORT** 

------

![LOGO](g36959g12b04.jpg)

**Valuation Report** 

**Run Date - 9/22/2025 9:20:49 AM** 

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation Desk<br>Review Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<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>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<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>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<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>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;4 | [Redact] | 9003720 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |  |
| &nbsp;&nbsp;&nbsp;94 | [Redact] | 9003726 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 2.60 |
| &nbsp;&nbsp;&nbsp;2 | [Redact] | 9009676 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;5 | [Redact] | 9009670 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 2.50 |
| &nbsp;&nbsp;&nbsp;95 | [Redact] | 9009683 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 999.00 |
| &nbsp;&nbsp;&nbsp;3 | [Redact] | 9035779 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.20 |
| &nbsp;&nbsp;&nbsp;6 | [Redact] | 9034571 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;7 | [Redact] | 9035782 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 1.30 |
| &nbsp;&nbsp;&nbsp;96 | [Redact] | 9035809 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.20 |
| &nbsp;&nbsp;&nbsp;97 | [Redact] | 9044268 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.60 |
| &nbsp;&nbsp;&nbsp;1 | [Redact] | 9135931 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.50 | 4.60 |
| &nbsp;&nbsp;&nbsp;9 | [Redact] | 9135937 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.60 |
| &nbsp;&nbsp;&nbsp;10 | [Redact] | 9135923 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;11 | [Redact] | 9135938 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;12 | [Redact] | 9135930 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.20 |
| &nbsp;&nbsp;&nbsp;13 | [Redact] | 9135921 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.60 |
| &nbsp;&nbsp;&nbsp;14 | [Redact] | 9135926 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.30 |
| &nbsp;&nbsp;&nbsp;15 | [Redact] | 9133985 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 2.00 |
| &nbsp;&nbsp;&nbsp;16 | [Redact] | 9133986 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 1.00 |

---

------

---

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Desk<br>Review<br>Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<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>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<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>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<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>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is<br>Eligible<br>for Rep<br>and<br>Warrant<br>Relief per<br>Loan<br>Collateral<br>Advisor?** | **LCA<br>Risk<br>Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;17 | [Redact] | 9133987 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 1.30 |
| &nbsp;&nbsp;&nbsp;18 | [Redact] | 9135924 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 1.90 |
| &nbsp;&nbsp;&nbsp;19 | [Redact] | 9133988 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 |  |
| &nbsp;&nbsp;&nbsp;20 | [Redact] | 9133989 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 1.20 |
| &nbsp;&nbsp;&nbsp;22 | [Redact] | 9133990 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 1.30 |
| &nbsp;&nbsp;&nbsp;23 | [Redact] | 9135927 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 | 2.50 |
| &nbsp;&nbsp;&nbsp;24 | [Redact] | 9133991 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 5.00 |
| &nbsp;&nbsp;&nbsp;25 | [Redact] | 9133992 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;26 | [Redact] | 9135925 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 3.70 |
| &nbsp;&nbsp;&nbsp;27 | [Redact] | 9133993 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;28 | [Redact] | 9133994 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;29 | [Redact] | 9133995 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;30 | [Redact] | 9133996 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  |  |
| &nbsp;&nbsp;&nbsp;31 | [Redact] | 9135940 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 1.70 |
| &nbsp;&nbsp;&nbsp;32 | [Redact] | 9135929 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 1.20 |
| &nbsp;&nbsp;&nbsp;33 | [Redact] | 9133997 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;34 | [Redact] | 9135939 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 3.00 |
| &nbsp;&nbsp;&nbsp;35 | [Redact] | 9135936 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 1.50 |
| &nbsp;&nbsp;&nbsp;36 | [Redact] | 9133998 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;37 | [Redact] | 9135941 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/<br>A |  | 3.20 |

---

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Desk<br>Review<br>Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<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>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<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>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<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>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is<br>Eligible<br>for Rep<br>and<br>Warrant<br>Relief per<br>Loan<br>Collateral<br>Advisor?** | **LCA<br>Risk<br>Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;38 | [Redact] | 9133999 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.50 |
| &nbsp;&nbsp;&nbsp;39 | [Redact] | 9135934 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 1.60 |
| &nbsp;&nbsp;&nbsp;40 | [Redact] | 9135932 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;81 | [Redact] | 9134000 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.20 |
| &nbsp;&nbsp;&nbsp;82 | [Redact] | 9135935 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.10 |
| &nbsp;&nbsp;&nbsp;91 | [Redact] | 9134001 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.210% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |  |
| &nbsp;&nbsp;&nbsp;99 | [Redact] | 9134002 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.00 |
| &nbsp;&nbsp;&nbsp;101 | [Redact] | 9135928 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 5.00 | 1.90 |
| &nbsp;&nbsp;&nbsp;102 | [Redact] | 9135933 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.50 |
| &nbsp;&nbsp;&nbsp;103 | [Redact] | 9135922 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.40 |
| &nbsp;&nbsp;&nbsp;104 | [Redact] | 9134003 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.00 |
| &nbsp;&nbsp;&nbsp;98 | [Redact] | 9153161 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;21 | [Redact] | 9197232 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 2.60 |
| &nbsp;&nbsp;&nbsp;43 | [Redact] | 9197233 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;44 | [Redact] | 9197234 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.60 |
| &nbsp;&nbsp;&nbsp;48 | [Redact] | 9197236 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 4.10 |
| &nbsp;&nbsp;&nbsp;50 | [Redact] | 9197237 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;84 | [Redact] | 9197238 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 3.00 |
| &nbsp;&nbsp;&nbsp;42 | [Redact] | 9205856 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.20 |
| &nbsp;&nbsp;&nbsp;45 | [Redact] | 9205857 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 4.40 |

---

------

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation Desk<br>Review Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<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>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<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>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<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>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;46 | [Redact] | 9205858 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |  |
| &nbsp;&nbsp;&nbsp;47 | [Redact] | 9205859 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 2.60 |
| &nbsp;&nbsp;&nbsp;49 | [Redact] | 9205860 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.10 |
| &nbsp;&nbsp;&nbsp;52 | [Redact] | 9205861 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;53 | [Redact] | 9205862 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 4.70 |
| &nbsp;&nbsp;&nbsp;55 | [Redact] | 9205863 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;56 | [Redact] | 9205864 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 2.70 |
| &nbsp;&nbsp;&nbsp;57 | [Redact] | 9205865 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.00 |
| &nbsp;&nbsp;&nbsp;59 | [Redact] | 9205867 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.90 |
| &nbsp;&nbsp;&nbsp;60 | [Redact] | 9205868 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.80 |
| &nbsp;&nbsp;&nbsp;61 | [Redact] | 9205869 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.00 |
| &nbsp;&nbsp;&nbsp;62 | [Redact] | 9205870 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.520% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.70 |
| &nbsp;&nbsp;&nbsp;63 | [Redact] | 9205871 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;64 | [Redact] | 9205872 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.30 |
| &nbsp;&nbsp;&nbsp;65 | [Redact] | 9205873 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.60 |
| &nbsp;&nbsp;&nbsp;71 | [Redact] | 9205874 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.70 |
| &nbsp;&nbsp;&nbsp;72 | [Redact] | 9205875 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;83 | [Redact] | 9205876 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.40 |
| &nbsp;&nbsp;&nbsp;92 | [Redact] | 9205877 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;93 | [Redact] | 9205878 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.90 |

---

------

---

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation Desk<br>Review Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<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>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<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>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<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>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;&nbsp; 105 | [Redact] | 9205879 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.50 |
| &nbsp;&nbsp;&nbsp;&nbsp; 107 | [Redact] | 9205880 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -5.850% |  |  | Desk<br>Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.40 |
| &nbsp;&nbsp;&nbsp;&nbsp; 108 | [Redact] | 9205881 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.30 |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | [Redact] | 9205882 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;&nbsp; 114 | [Redact] | 9205884 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 999.00 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | [Redact] | 9215690 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.80 |
| &nbsp;&nbsp;&nbsp;&nbsp; 41 | [Redact] | 9215689 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 3.40 |
| &nbsp;&nbsp;&nbsp;&nbsp; 51 | [Redact] | 9215670 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.80 |
| &nbsp;&nbsp;&nbsp;&nbsp; 54 | [Redact] | 9215675 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;&nbsp; 58 | [Redact] | 9215692 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.40 |
| &nbsp;&nbsp;&nbsp;&nbsp; 66 | [Redact] | 9215688 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;&nbsp; 67 | [Redact] | 9215687 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.60 |
| &nbsp;&nbsp;&nbsp;&nbsp; 68 | [Redact] | 9215685 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.20 |
| &nbsp;&nbsp;&nbsp;&nbsp; 69 | [Redact] | 9215680 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;&nbsp; 70 | [Redact] | 9215677 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.60 |
| &nbsp;&nbsp;&nbsp;&nbsp; 73 | [Redact] | 9215686 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;&nbsp; 74 | [Redact] | 9215683 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;&nbsp; 75 | [Redact] | 9215673 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.00 |
| &nbsp;&nbsp;&nbsp;&nbsp; 85 | [Redact] | 9215671 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.30 |
| &nbsp;&nbsp;&nbsp;&nbsp; 100 | [Redact] | 9215676 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.40 |

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation Desk<br>Review Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<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>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<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>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<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>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;106 | [Redact] | 9215674 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.60 |
| &nbsp;&nbsp;&nbsp;110 | [Redact] | 9215691 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;111 | [Redact] | 9215678 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;112 | [Redact] | 9215679 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.00 |
| &nbsp;&nbsp;&nbsp;113 | [Redact] | 9215693 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 3.40 |
| &nbsp;&nbsp;&nbsp;115 | [Redact] | 9215681 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.60 |
| &nbsp;&nbsp;&nbsp;116 | [Redact] | 9215684 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.50 |
| &nbsp;&nbsp;&nbsp;117 | [Redact] | 9215694 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 2.00 |
| &nbsp;&nbsp;&nbsp;77 | [Redact] | 9370560 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.50 |
| &nbsp;&nbsp;&nbsp;78 | [Redact] | 9370561 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;79 | [Redact] | 9370562 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;86 | [Redact] | 9370564 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.20 |
| &nbsp;&nbsp;&nbsp;87 | [Redact] | 9370565 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.30 |
| &nbsp;&nbsp;&nbsp;88 | [Redact] | 9370566 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Moderate |  |  | 9.780% |  | 0.04 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 4.60 |
| &nbsp;&nbsp;&nbsp;89 | [Redact] | 9370567 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;90 | [Redact] | 9370568 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 2.30 |
| &nbsp;&nbsp;&nbsp;118 | [Redact] | 9370569 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;121 | [Redact] | 9370572 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk<br>Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |  |
| &nbsp;&nbsp;&nbsp;122 | [Redact] | 9370573 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;123 | [Redact] | 9370574 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation Desk<br>Review Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<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>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<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>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<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>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;124 | [Redact] | 9370575 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.90 |
| &nbsp;&nbsp;&nbsp;277 | [Redact] | 9500706 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.80 |
| &nbsp;&nbsp;&nbsp;278 | [Redact] | 9500708 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 2.00 | 1.70 |
| &nbsp;&nbsp;&nbsp;279 | [Redact] | 9500710 | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.50 |

---