# EDGAR Filing Document

**Accession Number:** 0001547361
**File Stem:** 0001999371-26-000626
**Filing Date:** 2026-1
**Character Count:** 148514
**Document Hash:** 7ad2476108c03f471858528e3c1c62b2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-26-000626.hdr.sgml**: 20260109

**ACCESSION NUMBER**: 0001999371-26-000626

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

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20260109

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

**FILED AS OF DATE**: 20260109

**DATE AS OF CHANGE**: 20260109

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

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

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Capital I Inc.
- **CENTRAL INDEX KEY:** 0001547361
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 133291626
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01951
- **FILM NUMBER:** 26523824

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-761-4000

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Capital I Inc.
- **CENTRAL INDEX KEY:** 0001547361
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 133291626
- **STATE OF INCORPORATION:** DE

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

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-761-4000

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

OMB Number: 3235-0675

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**FORM ABS-15G<br>ASSET-BACKED SECURITIZER<br> REPORT PURSUANT TO SECTION 15G OF<br> THE SECURITIES EXCHANGE ACT OF 1934**

**<u>MORGAN STANLEY CAPITAL I INC.</u>**

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______________ to _________________

Date of Report (Date of filing) __________________

Commission File Number of securitizer: __________________

Central Index Key Number of securitizer:_________________

Name and telephone number, including area code, of the person<br> 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)(l) ☐

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) ☐

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

Central Index Key Number of depositor: <u>0001547361</u>

MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2026-DSC1

(Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable): <u>Not applicable</u>

Central Index Key Number of underwriter (if applicable): <u>Not applicable</u>

Chris Scott, (212) 761-4940

Name and telephone number, including area code, of the person<br> to contact in connection with this filing.

**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 Issuer**

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.

**EXPLANATORY NOTE**

This Form ABS-15G is supplemented by the Form ABS-15G filed by Morgan Stanley Capital I Inc. on January 7, 2026 in connection with the MSRM 2026-NQM1 securitization transaction (Accession Number: 0001999371-25-019370) (the "Prior Filing"). Certain information with respect to the mortgage loans that will be included in the MSRM 2026-DSC1 securitization transaction was provided in the Prior Filing and such information solely with respect to these mortgage loans (the "Information") should be read in conjunction with this Form ABS-15G. Exhibit 99.3 identifies the mortgage loans that will be included in the MSRM 2026-DSC1 securitization transaction and Exhibit 99.4 provides a link to the Prior Filing containing the Information with respect to those mortgage loans. As of the date of this filing, only the mortgage loans listed in Exhibit 99.3 are anticipated to be included in the final population for the MSRM 2026-DSC1 securitization transaction. Any totals or percentages included in the Executive Summaries or Narrative Reports included in the Prior Filing reflect a broader population of mortgage loans, and not the final population for the MSRM 2026-DSC1 securitization transaction. Exhibit 99.2 and Schedule 1 of Exhibit 99.2 are included in this filing to reflect that the Property Type for Loan Number 110100017970 is "SFR-Attached" and such Exhibit 99.2 and Schedule 1 supersede (i) the information set forth under "# of Loans" and "% Accuracy" for the "Property Type" Field Name of the Data Compare Results set forth in Exhibit 99.4 of the Prior Filing and (ii) the information set forth in Schedule 1 of Exhibit 99.4 of the Prior Filing solely to the extent of the identification of the "Property Type" of such mortgage loan.

**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.

---

| | | |
|:---|:---|:---|
| MORGAN STANLEY CAPITAL I INC. |  |  |
| Date: January 9, 2026 | By: | /s/ Chris Scott |
|  | Name: | Chris Scott |
|  | Title: | Authorized Signatory |

---

**EXHIBIT INDEX**

<u>Exhibit Number</u>

---

| | |
|:---|:---|
| [99.1](ex99-1.htm) | Third Party Due Diligence Report - Ernst & Young LLP Report of Independent Accountants on Applying Agreed-Upon Procedures |
| [99.2](ex99-2.htm) | Third Party Due Diligence Report – Clayton Services LLC Due Diligence Narrative Report |
| [Schedule 1 - Non ATR QM Upload Report](ex99-2s1.htm) | [Schedule 1 - Non ATR QM Upload Report](ex99-2s1.htm) |
| [99.3](ex99-3.htm) | Morgan Stanley Residential Mortgage Loan Trust 2026-DSC1 Loan List |
| [99.4](http://www.sec.gov/Archives/edgar/data/1547361/000199937126000394/nqm1-abs15g_010626.htm) | Link to Morgan Stanley Residential Mortgage Loan Trust 2026-NQM1 Filing |

---

## Exhibit 99.1

**Exhibit 99.1**

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g.htm)

---

| | | |
|:---|:---|:---|
| ![](ex991001.jpg) | **Ernst & Young LLP**<br> One Manhattan West<br> New York, NY 10001 | Tel: +1 212 773 3000<br> ey.com |

---

**Report of Independent Accountants on Applying Agreed-Upon Procedures**

Morgan Stanley Mortgage Capital Holdings LLC (the "Sponsor") Morgan Stanley Capital I Inc. (the "Depositor") Morgan Stanley & Co. LLC (the "Initial Purchaser") 1585 Broadway New York, New York 10036 9 January 2026

---

| | |
|:---|:---|
| **Re:** | **Morgan Stanley Residential Mortgage Loan Trust 2026-DSC1 (the "Issuing Entity")** |

---

**Mortgage Pass-Through Certificates, Series 2026-DSC1 (the "Certificates")**

**Sample Mortgage Loan Agreed-Upon Procedures**

We have performed the procedures enumerated in Attachment A, which were agreed to and acknowledged as appropriate by the Sponsor, Depositor and Initial Purchaser (collectively, the "Specified Parties"), for the intended purpose of assisting the Specified Parties in evaluating the accuracy of certain information with respect to a pool of mortgage loans (the "Mortgage Loans") relating to the Issuing Entity's securitization transaction. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The appropriateness of these procedures is solely the responsibility of the Specified Parties identified in this report. No other party acknowledged the appropriateness of the procedures. Consequently, we make no representation regarding the appropriateness of the procedures described in Attachment A, either for the purpose for which this report has been requested or for any other purpose.

The procedures performed and our associated findings are included in Attachment A.

For the purpose of the procedures described in this report, the Initial Purchaser, on behalf of the Depositor, provided us with:

a. Electronic
 data files (collectively, the "Provided Data Files"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Labeled
 "MSRM Jan 2026 NQM DSCR - Filing Population.xlsx" (the "Loan Listing
 Data File"), that the Initial Purchaser, on behalf of the Depositor, indicated
 contains a list of identification numbers (each, an "Investor Loan ID") relating
 to certain mortgage loans (the "Base Preliminary Mortgage Loans"), certain
 of which are expected to be representative of the Mortgage Loans,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Labeled "MSRM2026
 DSC NQM1 EY Tape.xlsx" and the corresponding record layout and decode information,
 as applicable (the "Preliminary Data File"), that the Initial Purchaser,
 on behalf of the Depositor, indicated contains information as of 1 January 2026
 (the "Cut-off Date") relating to certain mortgage loans (the "Preliminary
 Mortgage Loans"), certain of which are expected to be representative of the Mortgage
 Loans and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Labeled
 "MSRM 2026-NQM1 - Presumed Final Pop.xlsx" and the corresponding record layout
 and decode information, as applicable (the "MSRM 2026-NQM1 Loan Listing Data File"),
 that

---

| | |
|:---|:---|
| ![](ex991001.jpg) | Page 2 of 4 |

---

the Initial Purchaser, on behalf of the Depositor, indicated contains a list of Investor Loan IDs relating to certain Preliminary Mortgage Loans,

b. Imaged
 copies of the following items (collectively, the "Source Documents"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Promissory
 note (the "Note"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Credit
 report (the "Credit Report"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Loan
 application, occupancy affidavit, warranty deed and/or commercial loan application (collectively
 and as applicable, the "Application"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Underwriting
 summary, summary of findings, loan product advisor feedback certificate and/or conditional
 underwriting approval (collectively and as applicable, the "Underwriting Summary"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Appraisal
 report (the "Appraisal"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Fraud
 report (the "Fraud Report"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. Contract
 for the sale and purchase of real estate, assignment of purchase contract interest and/or
 sale escrow instructions (collectively and as applicable, the "Sale Contract")
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. Settlement
 statement or closing disclosure (collectively and as applicable, the "Settlement
 Statement")

that the Initial Purchaser, on behalf of the Depositor, indicated relate to the Sample Mortgage Loans (as defined in Attachment A),

c. The
 list of relevant characteristics (the "Sample Characteristics") on the
 Preliminary Data File, which is shown on Exhibit 1 to Attachment A,
 and

d. Instructions,
 assumptions and methodologies, which are described in Attachment A.

For the purpose of the procedures described in this report, certain information on the Preliminary Data File is the "Subject Matter" as of the date of this report.

---

| | |
|:---|:---|
| ![](ex991001.jpg) | Page 3 of 4 |

---

The procedures included in Attachment A were limited to comparing or recalculating certain information that is further described in Attachment A. The Depositor is responsible for the Subject Matter, Provided Data Files, Source Documents, Sample Characteristics and the determination of the instructions, assumptions and methodologies that are described herein. We were not requested to perform, and we have not performed, any procedures other than those listed in Attachment A. We have not verified, and we make no representation as to, the accuracy, completeness or reasonableness of the Loan Listing Data File, MSRM 2026-NQM1 Loan Listing Data File, Source Documents or any other information provided to us, or that we were instructed to obtain, as applicable, by the Initial Purchaser, on behalf of the Depositor, upon which we relied in forming our findings. Accordingly, we make no representation and express no opinion or conclusion as to (a) the existence of the Base Preliminary Mortgage Loans, Preliminary Mortgage Loans or Mortgage Loans, (b) questions of legal or tax interpretation or (c) the appropriateness, accuracy, completeness or reasonableness of any instructions, assumptions and methodologies provided to us by the Initial Purchaser, on behalf of the Depositor, that are described in this report. We undertake no responsibility to update this report for events and circumstances occurring after the date hereof.

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (the "AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to, and did not, conduct an examination to express an opinion or a review to express a conclusion in accordance with attestation standards established by the AICPA on any of the items referred to herein. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

The agreed-upon procedures described in this report were not performed for the purpose of:

a. Satisfying
 any criteria for due diligence published by a nationally recognized statistical rating
 organization (a "rating agency") or

b. Making
 any findings with respect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Whether
 the origination of the Mortgage Loans conformed to, or deviated from, stated underwriting
 or credit extension guidelines, standards, criteria, or other requirements,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The
 value of the collateral securing the Mortgage Loans,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Whether
 the originator(s) of the Mortgage Loans complied with federal, state or local laws or
 regulations or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Any
 other factor or characteristic of the Mortgage Loans that would be material to the likelihood
 that the issuer of the Certificates will pay interest and principal in accordance with
 applicable terms and conditions.

---

| | |
|:---|:---|
| ![](ex991001.jpg) | Page 4 of 4 |

---

We are required to be independent of the Depositor and to meet our other ethical responsibilities, as applicable, for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedures engagements are less restrictive than independence requirements for audit and other attestation services.

This report is intended solely for the information and use of the Specified Parties and is not intended to be, and should not be, used by anyone other than the Specified Parties. It is not intended to be, and should not be, used by any other person or entity, including investors and rating agencies, who are not identified in the report as Specified Parties but who may have access to this report as required by law or regulation.

/s/ Ernst & Young LLP

9 January 2026

---

| | |
|:---|:---|
| ![](ex991001.jpg) | **Attachment A** |

---

**<u>Procedures performed and our associated findings</u>**

1. As
 instructed by the Initial Purchaser, on behalf of the Depositor, we randomly selected
 a sample of 553 Base Preliminary Mortgage Loans from the Loan Listing Data File
 (the "Base Sample Mortgage Loans"). For the purpose of this procedure,
 the Initial Purchaser, on behalf of the Depositor, did not inform us as to the basis
 for how they determined the number of Base Sample Mortgage Loans or the methodology they
 instructed us to use to select the Base Sample Mortgage Loans from the Loan Listing Data
 File.

For the purpose of the procedures described in this report, the 553 Base Sample Mortgage Loans are referred to as Sample Mortgage Loan Numbers 1 through 553.

2. For
 each mortgage loan on the Loan Listing Data File and Preliminary Data File, we compared
 the Investor Loan ID, as shown on the Loan Listing Data File, to the corresponding Investor
 Loan ID, as shown on the Preliminary Data File, and noted that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All
 of the Preliminary Mortgage Loans were included on both the Preliminary Data File and
 Loan Listing Data File and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. One
 of the Base Preliminary Mortgage Loans included on the Loan Listing Data File was not
 included on the Preliminary Data File, which was not a Base Sample Mortgage Loan.

3. As
 instructed by the Initial Purchaser, on behalf of the Depositor, we identified 312 Base
 Sample Mortgage Loans on the Preliminary Data File (the "Sample Mortgage Loans")
 that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Are
 not included on the MSRM 2026-NQM1 Loan Listing Data File and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Have
 a priority of "2," as shown on the Loan Listing Data File.

4. For
 each Sample Mortgage Loan, we compared the Sample Characteristics listed on Exhibit 1
 to Attachment A, as shown on the Preliminary Data File, to the corresponding information
 located in, or to the corresponding information we recalculated using information located
 in, the Source Documents or Preliminary Data File, as applicable, subject to the instructions,
 assumptions and methodologies provided by the Initial Purchaser, on behalf of the Depositor,
 described in the notes to Exhibit 1 to Attachment A. The Source Document(s)
 that we were instructed by the Initial Purchaser, on behalf of the Depositor, to use
 for each Sample Characteristic are shown on Exhibit 1 to Attachment A. Except
 for the information shown on Exhibit 2 to Attachment A, all such compared information
 was found to be in agreement.

**Exhibit 1 to Attachment A**<br> Page 1 of 7

**<u>Sample Characteristics and Source Documents</u>**

---

| | | |
|:---|:---|:---|
| **<u>Sample Characteristic</u>** | **Preliminary**<br> **<u>Data File Field Name</u>** | &nbsp;&nbsp;**<u>Source Document(s)</u>** |
| Loan number | Investor Loan ID | &nbsp;&nbsp;Note |
| Original principal balance | Original Loan Amount | &nbsp;&nbsp;Note |
| Original interest rate | Original Interest Rate | &nbsp;&nbsp;Note |
| First payment date | First Payment Date of Loan | &nbsp;&nbsp;Note |
| Maturity date | Maturity Date | &nbsp;&nbsp;Note |
| Property state | State | &nbsp;&nbsp;Note |
| Property zip code | Postal Code | &nbsp;&nbsp;Note |
| Original term | Original Term to Maturity | &nbsp;&nbsp;(a) Note or<br>(b) Note and recalculation<br>|
| Original interest only term | Original Interest Only Term | &nbsp;&nbsp;(a) Note or<br>(b) Note and recalculation<br>|
| Prepayment charge term | Prepayment Penalty Total Term | &nbsp;&nbsp;Note |
| Occupancy status | Occupancy | &nbsp;&nbsp;Application or Underwriting Summary |
| Appraisal value | Original Appraised Property Value | &nbsp;&nbsp;(a) Appraisal or<br>(b) Appraisal and recalculation<br>|
| Property type | Property Type | &nbsp;&nbsp;Appraisal or Underwriting Summary |
| Sale price | Sales Price | &nbsp;&nbsp;Sale Contract or Settlement Statement |
| Loan purpose | Loan Purpose | &nbsp;&nbsp;Application, Fraud Report, Credit Report or recalculation |
| Junior lien balance | Junior Mortgage Balance | &nbsp;&nbsp;Underwriting Summary, Application, Settlement Statement or Credit Report |
| Index description | Index Type | &nbsp;&nbsp;Note |

---

**Exhibit 1 to Attachment A**<br> Page 2 of 7

---

| | | |
|:---|:---|:---|
| **<u>Sample Characteristic</u>** | **Preliminary**<br> **<u>Data File Field Name</u>** | &nbsp;&nbsp;**<u>Source Document(s)</u>** |
| Gross margin | Gross Margin | &nbsp;&nbsp;Note |
| Initial fixed rate period | Initial Fixed Rate Period | &nbsp;&nbsp;(a) Note or<br>(b) Note and recalculation<br>|
| Subsequent interest rate reset period | Subsequent Interest Rate Reset Period | &nbsp;&nbsp;Note |
| Initial interest rate cap change up | Initial Interest Rate Cap Change Up | &nbsp;&nbsp;(a) Note or<br>(b) Note and recalculation<br>|
| Initial interest rate cap change down | Initial Interest Rate Cap Change Down | &nbsp;&nbsp;Note and recalculation |
| Subsequent interest rate change up | Subsequent Interest Rate Change Up | &nbsp;&nbsp;Note |
| Subsequent interest rate change down | Subsequent Interest Rate Change Down | &nbsp;&nbsp;Note |
| Maximum interest rate | Lifetime Maximum Rate Ceiling | &nbsp;&nbsp;Note |
| Minimum interest rate | Lifetime Minimum Rate Floor | &nbsp;&nbsp;Note or Settlement Statement |
| Original loan-to-value ratio | Original LTV | &nbsp;&nbsp;Recalculation |
| Combined loan-to-value ratio | Original CLTV | &nbsp;&nbsp;Recalculation |

---

**Exhibit 1 to Attachment A**<br> Page 3 of 7

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

i. The
 loan number Sample Characteristic is for identification purposes only.

ii. For
 the purpose of comparing the original term Sample Characteristic for any Sample Mortgage
 Loan that does not have the original term specifically stated in the Note, the Initial
 Purchaser, on behalf of the Depositor, instructed us to use the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 difference in months between the maturity date and first payment date, both as shown
 in the Note, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 1.

iii. For
 the purpose of comparing the original interest only term Sample Characteristic for any
 Sample Mortgage Loan that does not have the original interest only term specifically
 stated in the Note, the Initial Purchaser, on behalf of the Depositor, instructed us
 to use the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 difference in months between the interest only end date and first payment date, both
 as shown in the Note, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 1.

iv. For
 the purpose of comparing any Sample Characteristic listing the Application as a Source
 Document for any Sample Mortgage Loan for which the Initial Purchaser, on behalf of the
 Depositor, provided more than one Application, the Initial Purchaser, on behalf of the
 Depositor, instructed us to use the most recent Application as the Source Document.

v. For
 the purpose of comparing the occupancy status Sample Characteristic, the Initial Purchaser,
 on behalf of the Depositor, instructed us to note agreement if the value on the Preliminary
 Data File agreed with the corresponding information in at least one of the Source Documents
 listed for such Sample Characteristic. We performed no procedures to reconcile any differences
 that may exist relating to the information in the Source Documents relating to the occupancy
 status Sample Characteristic.

vi. For
 the purpose of comparing any Sample Characteristic listing the Appraisal as a Source
 Document for any Sample Mortgage Loan for which the Initial Purchaser, on behalf of the
 Depositor, provided more than one Appraisal (except for the appraisal value Sample Characteristic
 for Sample Mortgage Loan Numbers 387 and 481), the Initial Purchaser, on behalf
 of the Depositor, instructed us to use the Appraisal with the lowest appraisal value
 as the Source Document.

For the purpose of comparing the appraisal value Sample Characteristic for Sample Mortgage Loan Numbers 387 and 481, the Initial Purchaser, on behalf of the Depositor, instructed us to use the Appraisal with the earliest appraisal date as the Source Document.

vii. For
 the purpose of comparing the appraisal value Sample Characteristic for any Sample Mortgage
 Loan for which the Initial Purchaser, on behalf of the Depositor, provided an Appraisal
 for each mortgaged property relating to such Sample Mortgage Loan, the Initial Purchaser,
 on behalf of the Depositor, instructed us to use the sum of the appraisal values for
 the related mortgaged properties, as shown in the corresponding Appraisals.

**Exhibit 1 to Attachment A**<br> Page 4 of 7

**<u>Notes</u>:** (continued)

viii. For
 the purpose of comparing the property type Sample Characteristic, the Initial Purchaser,
 on behalf of the Depositor, instructed us to note agreement if the value on the Preliminary
 Data File agreed with the corresponding information in at least one of the Source Documents
 listed for such Sample Characteristic. We performed no procedures to reconcile any differences
 that may exist relating to the information in the Source Documents relating to the property
 type Sample Characteristic.

For the purpose of comparing the property type Sample Characteristic, the Initial Purchaser, on behalf of the Depositor, instructed us to note agreement with a property type of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "Townhouse"
 if the design (style) is "Twnhse," "Townhouse," "TownHm"
 or "TownHome,"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "Townhouse"
 if the type is "S-Det./End Unit" and the Appraisal indicates that HOA dues
 are required,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "1 Family
 Attached" if the type is "S-Det./End Unit" and the design (style) is "Row,"
 "Duplex," "Semi-Det," "COL," "Semi,"
 "MillHse," "Ranch," "Row House," "Twin,"
 "SD2;Colonial-ED" or "Raised Beach" or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "1 Family
 Attached" if the design (style) is "Townhouse" and the Appraisal indicates
 that no HOA dues are required,

as shown in the applicable Source Document.

ix. For
 the purpose of comparing any Sample Characteristic listing the Settlement Statement as
 a Source Document for any Sample Mortgage Loan for which the Initial Purchaser, on behalf
 of the Depositor, provided more than one Settlement Statement, the Initial Purchaser,
 on behalf of the Depositor, instructed us to use the most recent Settlement Statement
 as the Source Document.

x. For
 the purpose of comparing the sale price Sample Characteristic, the Initial Purchaser,
 on behalf of the Depositor, instructed us to note agreement if the value on the Preliminary
 Data File agreed with the corresponding information in at least one of the Source Documents
 listed for such Sample Characteristic. We performed no procedures to reconcile any differences
 that may exist relating to the information in the Source Documents relating to the sale
 price Sample Characteristic.

**Exhibit 1 to Attachment A**<br> Page 5 of 7

**<u>Notes</u>:** (continued)

xi. For
 the purpose of comparing the loan purpose Sample Characteristic for any Sample Mortgage
 Loan with a loan purpose of "First Time Home Purchase" or "Other-than-first-time
 Home Purchase," as shown on the Preliminary Data File (each, a "Purchase
 Sample Mortgage Loan"), the Initial Purchaser, on behalf of the Depositor, instructed
 us to note agreement if the value on the Preliminary Data File agreed with the corresponding
 information in at least one of the Source Documents listed for such Sample Characteristic.
 We performed no procedures to reconcile any differences that may exist relating to the
 information in the Source Documents relating to the loan purpose Sample Characteristic
 for any Purchase Sample Mortgage Loan.

For any remaining Sample Mortgage Loan (except for Sample Mortgage Loan Number 237) (each, a "Refinanced Sample Mortgage Loan"), the Initial Purchaser, on behalf of the Depositor, instructed us to calculate the "Amount to Borrower" as the difference between the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Original
 principal balance, as shown in the Note, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Sum
 of the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Unpaid
 principal balance of any previous mortgage loan that is being refinanced, as shown in
 the Settlement Statement, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Total
 closing costs relating to the Refinanced Sample Mortgage Loan, as shown in the Settlement
 Statement.

For Sample Mortgage Loan Number 237, the Initial Purchaser, on behalf of the Depositor, instructed us to note agreement with a loan purpose of "Other" if the loan purpose is "98," as shown on the Preliminary Data File.

For any Refinanced Sample Mortgage Loan (except for Sample Mortgage Loan Numbers 95, 122, 230 and 328), the Initial Purchaser, on behalf of the Depositor, instructed us to note agreement with a loan purpose of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "Refinance
 – Cash Out" if the Amount to Borrower is greater than the lesser of (i) $2,000
 and (ii) 1% of the original principal balance, as shown in the Note, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "Refinance
 – Rate Term" for each remaining Refinanced Sample Mortgage Loan.

For Sample Mortgage Loan Numbers 95, 122, 230 and 328, the Initial Purchaser, on behalf of the Depositor, instructed us to note agreement with a loan purpose of "Refinance – Rate Term" if the Amount to Borrower is less than the lesser of (i) $5,000 and (ii) 5% of the original principal balance, as shown in the Note.

xii. For
 the purpose of comparing the junior lien balance Sample Characteristic, the Initial Purchaser,
 on behalf of the Depositor, instructed us to note agreement if the value on the Preliminary
 Data File agreed with the corresponding information in at least one of the Source Documents
 listed for such Sample Characteristic. We performed no procedures to reconcile any differences
 that may exist relating to the information in the Source Documents relating to the junior
 lien balance Sample Characteristic.

**Exhibit 1 to Attachment A**<br> Page 6 of 7

**<u>Notes</u>:** (continued)

xiii. The
 Initial Purchaser, on behalf of the Depositor, instructed us not to perform any procedures
 with respect to the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Index
 description,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Gross
 margin,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Initial
 fixed rate period,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Subsequent
 interest rate reset period,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Initial
 interest rate cap change up,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Initial
 interest rate cap change down,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Subsequent
 interest rate change up,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Subsequent
 interest rate change down,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Maximum
 interest rate and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Minimum
 interest rate

Sample Characteristics for any Sample Mortgage Loan with a gross margin value of "0.000(%)" or , as shown on the Preliminary Data File.

xiv. For
 the purpose of comparing the initial fixed rate period Sample Characteristic for any
 Sample Mortgage Loan with a gross margin value greater than "0.000(%)," as
 shown in the Note (each, an "ARM Sample Mortgage Loan"), that does not have
 the initial fixed rate period specifically stated in the Note, the Initial Purchaser,
 on behalf of the Depositor, instructed us to use the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 difference in months between the first rate change date and first payment date, both
 as shown in the Note, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 1.

xv. For
 the purpose of comparing the initial interest rate cap change up Sample Characteristic
 for any ARM Sample Mortgage Loan that does not have the initial interest rate cap change
 up specifically stated in the Note, the Initial Purchaser, on behalf of the Depositor,
 instructed us to use the difference between the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Initial
 rate adjustment maximum interest rate and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Original
 interest rate,

both as shown in the Note.

xvi. For
 the purpose of comparing the initial interest rate cap change down Sample Characteristic
 for any ARM Sample Mortgage Loan that does not have the initial interest rate cap change
 down specifically stated in the Note, the Initial Purchaser, on behalf of the Depositor,
 instructed us to use the maximum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 difference between the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Original
 interest rate and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Initial
 rate adjustment minimum interest rate,

both as shown in the Note, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 0.000(%).

**Exhibit 1 to Attachment A**<br> Page 7 of 7

**<u>Notes</u>:** (continued)

xvii. For
 the purpose of comparing the minimum interest rate Sample Characteristic for any ARM
 Sample Mortgage Loan that does not have the minimum interest rate specifically stated
 in the Note or Settlement Statement, the Initial Purchaser, on behalf of the Depositor,
 instructed us to use the gross margin, as shown in the Note, as the minimum interest
 rate.

xviii. The
 Initial Purchaser, on behalf of the Depositor, instructed us to use:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) For
 any Purchase Sample Mortgage Loan, the lesser of the (1) appraisal value, as shown in
 the Appraisal, and (2) sale price, as shown in the Sale Contract or Settlement Statement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For
 any Refinanced Sample Mortgage Loan (except for Sample Mortgage Loan Numbers 187, 259,
 387 and 520), the appraisal value, as shown in the Appraisal,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For
 Sample Mortgage Loan Number 237, the appraisal value, as shown in the Appraisal,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For
 Sample Mortgage Loan Number 187, the listed sale price, as shown in the Appraisal, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) For
 Sample Mortgage Loan Numbers 259, 387 and 520, the value used for LTV, as shown on the
 Preliminary Data File,

as the "Value for LTV."

xix. For
 the purpose of comparing the original loan-to-value ratio Sample Characteristic, the
 Initial Purchaser, on behalf of the Depositor, instructed us to use the quotient (rounded
 to the fourth decimal place (X.XXXX)) of the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Original
 principal balance, as shown in the Note, divided by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Value
for LTV.

xx. For
 the purpose of comparing the combined loan-to-value ratio Sample Characteristic, the
 Initial Purchaser, on behalf of the Depositor, instructed us to use the quotient (rounded
 to the fourth decimal place (X.XXXX)) of the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Sum
 of the original principal balance, as shown in the Note, and junior lien balance, as
 shown in the applicable Source Document(s), divided by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Value
 for LTV.

xxi. For
 the purpose of comparing the original loan-to-value ratio and combined loan-to-value
 ratio Sample Characteristics, the Initial Purchaser, on behalf of the Depositor, instructed
 us to ignore differences of +/- 0.0001 or less.

We performed no procedures to determine the accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by the Initial Purchaser, on behalf of the Depositor, that are described in the notes above.

**Exhibit 2 to Attachment A**

**<u>Sample Characteristic Differences</u>**

---

| | | | |
|:---|:---|:---|:---|
| **Sample Mortgage <br> <u>Loan Number</u>** | **<u>Sample Characteristic</u>** | **<u>Preliminary Data File Value</u>** | **<u>Source Document Value</u>** |
| 123 | Property type | Single Family Detached (non-PUD) | PUD |
| 234 | Property type | Single Family Detached (non-PUD) | 1 Family Attached |
| 320 | Prepayment charge term | 12 | 36 |
| 381 | Property type | Townhouse | 1 Family Attached |
| 391 | Appraisal value | [Redacted] | [Redacted] |
|  | Original loan-to-value ratio | 0.8000 | 0.8364 |
|  | Combined loan-to-value ratio | 0.8000 | 0.8364 |
| 429 | Property type | Single Family Detached (non-PUD) | 1 Family Attached |
| 433 | Property type | Single Family Detached (non-PUD) | 1 Family Attached |
| 439 | Loan purpose | Refinance - Cash Out | Refinance - Rate Term |
| 448 | Property type | Single Family Detached (non-PUD) | 1 Family Attached |
| 453 | Property type | Single Family Detached (non-PUD) | PUD |
| 495 | Property type | Single Family Detached (non-PUD) | 1 Family Attached |

---

## Exhibit 99.2

**Exhibit 99.2**

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g.htm)

![](ex992001.jpg)

**January 5, 2026**<br> **Due Diligence Narrative Report**<br>

![](ex992002.jpg)

**Table of Contents**

---

| | |
|:---|:---|
| **Overview** | **2** |
| **Originators** | **2** |
| **Clayton's Third Party Review ("TPR") Scope of Work** | **3** |
| &nbsp;&nbsp;&nbsp;Sampling | 3 |
| &nbsp;&nbsp;&nbsp;Sponsor Acquisition Criteria | 3 |
| &nbsp;&nbsp;&nbsp;Loan Grading | 3 |
| &nbsp;&nbsp;&nbsp;TPR Component Review Scope | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit Review | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property Valuation Review | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regulatory Compliance Review | 5 |
| &nbsp;&nbsp;&nbsp;Data Capture | 7 |
| &nbsp;&nbsp;&nbsp;Data Integrity | 7 |
| **Data Compare Results** | **8** |
| **Clayton Due Diligence Results** | **9** |
| **Clayton Third Party Reports Delivered** | **10** |
| **Appendix A: Credit Review Scope** | **11** |
| **Appendix B: Origination Appraisal Assessment** | **14** |
| **Appendix C: Regulatory Compliance Review Scope** | **16** |

---

 ****

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 ****

Clayton Contact Information

**Client Service Management:** 

---

| | | |
|:---|:---|:---|
| ![](ex992003.jpg) | **Ralph Fox** | Client Services – Senior Director |
|  |  | Phone: (813) 371-0281/E-mail: <u>rfox@clayton.com</u> |
| ![](ex992003.jpg) | **Joe Ozment** | VP Client Services and Securitization |
|  |  | Phone: (813) 261-0733/E-mail: <u>jozment@clayton.com</u> |

---

**Overview**

On behalf of theLender, Clayton conducted an independent third-party pre-securitization due diligence review of 20 residential loans. These loans were sold to Morgan Stanley Mortgage Capital Holdings LLC (MSMCH) or one of its affiliates and the diligence results were provided to MSMCH pursuant to a reliance letter.

On behalf of HomeXpress Mortgage Corp, Clayton conducted an independent third-party pre-securitization due diligence review of 85 residential loans. These loans were sold to Morgan Stanley Mortgage Capital Holdings LLC (MSMCH) or one of its affiliates and the diligence results were provided to MSMCH pursuant to a reliance letter.

On behalf of eResi Mortgage, Clayton conducted an independent third-party pre-securitization due diligence review of 60 residential loans. These loans were sold to Morgan Stanley Mortgage Capital Holdings LLC (MSMCH) or one of its affiliates and the diligence results were provided to MSMCH pursuant to a reliance letter.

On behalf of CP Financial, Clayton conducted an independent third-party pre-securitization due diligence review of 1 residential loan. This loan was sold to Morgan Stanley Mortgage Capital Holdings LLC (MSMCH) or one of its affiliates and the diligence results were provided to MSMCH pursuant to a reliance letter.

On behalf of SG Capital Partners, Inc., Clayton conducted an independent third-party pre-securitization due diligence review of 7 residential loans. These loans were sold to Morgan Stanley Mortgage Capital Holdings LLC (MSMCH) or one of its affiliates and the diligence results were provided to MSMCH pursuant to a reliance letter.

The loans referenced in this narrative report were reviewed on a bulk and flow basis between June 2023 and November 2025 at Clayton's centralized underwriting facility in Tampa, FL. This narrative report provides information about the original lender, the scope of work performed by Clayton, and the results of Clayton's review.

**Originators**

Origination channels for the loan in this review:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Origination Channel** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**Percentage** |
| &nbsp;&nbsp;Broker | &nbsp;&nbsp;143 | &nbsp;&nbsp;82.66% |
| &nbsp;&nbsp;Correspondent Bulk | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.58% |
| &nbsp;&nbsp;Correspondent Flow without delegated underwriting | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.58% |
| &nbsp;&nbsp;Retail | &nbsp;&nbsp;28 | &nbsp;&nbsp;16.18% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**173** | &nbsp;&nbsp;**100.00%** |

---

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**Clayton's Third Party Review ("TPR") Scope of Work**

The scope of work for this transaction consisted of credit, property valuation, and regulatory compliance review, plus a data integrity check, and was 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."

Sampling

For all originators in this transaction, 42.77% of the loans received a Full Review as described below.

Review Type Loan Counts:

---

| | | |
|:---|:---|:---|
| ***Review Type*** | &nbsp;&nbsp; ***Loan Count***<br> ***Reviewed by Clayton***  | ***Scope Applied*** |
| **Full Review** | 74\* | Clayton performed a Full Review based on the scope described below in the section titled "TPR Component Review Scope". |
| **Total Loan Population** | &nbsp;&nbsp; 173<br>|  |

---

\*99 loans were not reviewed for regulatory compliance in accordance with paragraph 2 of the "Compliance Review (Business Purpose, Non-Owner Occupied)"

Sponsor Acquisition Criteria

Clayton was supplied with the related guidelines in advance of our review. The subject loans were reviewed pursuant to the applicable originator's guidelines.

Loan Grading

The Sponsor Acquisition Criteria referenced above served as the benchmark for grading loans from a credit underwriting, property valuation and regulatory compliance perspective, as applicable. 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's loan grading is solely based on Clayton's independent assessment of all guideline exceptions and compensating factors for each of the component reviews. 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 compensating factors and waivers.

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

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

![](ex992004.jpg)

TPR Component Review Scope

Clayton examined each loan file 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 the 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
the 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 the 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Examined income, employment, assets, and occupancy status for reasonability; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Examined Data Verify/Fraudguard/Interthinx or similar risk evaluation report, which was ordered
by the Seller and received by Clayton for Nationwide Multistate Licensing System and Registry ("NMLS") and occupancy
status alerts. Clayton researched alert information against loan documentation and assigned loan conditions accordingly.

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![](ex992002.jpg)

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 (173 loans)

- Clayton reviewed the original appraisal provided to determine whether the original appraisal was complete, thorough and the original appraised value was reasonably supported.

- 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 (108 loans)

Clayton applied a cascade methodology to determine if the original appraised value was reasonably supported when compared to an independent third-party valuation product. Clayton had independent access to all products listed below.

● AVM

● BPO

● Desk Review

● Field Review

● Second Full Appraisal

83 loans had CU scores of 2.5 or less and did not require a third-party valuation. For further detail please refer to the 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>.)

Clayton utilized its proprietary eCLAS engine for regulatory compliance testing.

The scope of the compliance review performed is summarized below:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Tested for state-specific consumer protection laws including 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:

- Notice of Right to Cancel (Right of Rescission) adherence if applicable;

- TIL Disclosure Timing (3/7/3) and disclosure content;

- TIL APR and Finance charge tolerances;

- Timeliness of ARM Disclosures (if applicable);

- Section 32 APR and Points and Fees Thresholds and prohibited practices;

- Section 35 Higher Priced Mortgage Loans thresholds and applicable escrow and appraisal requirements;

- Prohibited Acts or Practices including Loan Originator compensation rules, NMLSR ID on documents, financing credit Insurance, mandatory arbitration clauses, and NegAm Counseling;

- Prepayment Penalty restrictions;

- QM/ATR Review: On applicable loans, test compliance with applicable Qualified Mortgage (QM) and Ability to Repay (ATR) requirements defined under the Dodd-Frank Wall Street Reform and Consumer Protection Act as

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---

| |
|:---|
| promulgated by the Consumer Financial Protection Bureau, as further described on <u>Appendix C</u> attached hereto and |
| TILA/RESPA Integrated Disclosure Scope ('Covered Loans' on or after 10/3/2015); SFIG RMBS 3.0 TRID Compliance Review Scope as further described on <u>Appendix C</u> attached hereto. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Real Estate Settlement Procedures Act (RESPA) laws and regulations testing included the following, for loans other than 'Covered
Loans' and loans with an Application Date prior to 10/3/2015:

- GFE initial disclosure timing and content;

- Confirmed the file contains the final HUD1 Settlement Statement;

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

- Homeownership Counseling Notice; and

- Affiliated Business Disclosure if applicable.

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, 2016 SFIG published its RMBS 3.0 TRID Compliance Review Scope© documentation, developed under the leadership of members from 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.

Following the June 15<sup>th</sup> , 2016 formal publication of the RMBS 3.0 TRID Compliance Review Scope©, Clayton reviewed prior testing results dating back to the TRID Effective Date, and applied the enhanced RMBS 3.0 TRID Compliance Review Scope to such loans upon the affirmative election by Morgan Stanley Mortgage Capital Holdings.

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

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).

As of December 18, 2020, Clayton modified its system to not run regulatory compliance testing on business entities, including LLC's, unless there is also a co-borrower that is a natural person or a trust that is considered to be a "consumer" under

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TILA. Rather than migrating compliance findings to an A on such loans as was the previous process, going forward no compliance grades are assigned in these instances.

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:

● Cook County High Cost Ordinance

● 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

● Virginia Lender and Broker Act after 6/1/2008

● 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)

● Sufficiency of coverage

● Escrow of insurance payments

Data Capture

Clayton collected data fields required to create American Securitization Forum ("ASF") and Standard and Poor's LEVELS 7.4. data disclosure requirements. Both of these file formats are 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.

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;■ Tape data received from lender/client is stored in eCLAS;

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

&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;■ Discrepancies found during comparison are stored; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Each discrepancy is reported on the Clayton Loan Level Tape Compare.

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**Data Compare Results**

Clayton provided Morgan Stanley Mortgage Capital Holdings, LLC (MSMCH) with copies 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.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Field Name** | &nbsp;&nbsp;**# of Loans** | &nbsp;&nbsp;**% Accuracy** |
| &nbsp;&nbsp;Amortized Term | &nbsp;&nbsp;1 | &nbsp;&nbsp;99.42% |
| &nbsp;&nbsp;Borrower 2 First Name | &nbsp;&nbsp;1 | &nbsp;&nbsp;99.42% |
| &nbsp;&nbsp;Cash Reserves | &nbsp;&nbsp;30 | &nbsp;&nbsp;82.66% |
| &nbsp;&nbsp;Combined LTV | &nbsp;&nbsp;11 | &nbsp;&nbsp;93.64% |
| &nbsp;&nbsp;Credit Report Date | &nbsp;&nbsp;1 | &nbsp;&nbsp;99.42% |
| &nbsp;&nbsp;Debt to Income Ratio (Back) | &nbsp;&nbsp;5 | &nbsp;&nbsp;97.11% |
| &nbsp;&nbsp;Disbursement Date | &nbsp;&nbsp;18 | &nbsp;&nbsp;89.60% |
| &nbsp;&nbsp;Documentation Type | &nbsp;&nbsp;4 | &nbsp;&nbsp;97.69% |
| &nbsp;&nbsp;DTI Qualifying (Back) | &nbsp;&nbsp;4 | &nbsp;&nbsp;97.69% |
| &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;1 | &nbsp;&nbsp;99.42% |
| &nbsp;&nbsp;Months Reserves | &nbsp;&nbsp;30 | &nbsp;&nbsp;82.66% |
| &nbsp;&nbsp;Note Rate | &nbsp;&nbsp;2 | &nbsp;&nbsp;98.84% |
| &nbsp;&nbsp;Original Appraisal Date | &nbsp;&nbsp;3 | &nbsp;&nbsp;98.27% |
| &nbsp;&nbsp;Original Appraised Value | &nbsp;&nbsp;6 | &nbsp;&nbsp;96.53% |
| &nbsp;&nbsp;Original Balance | &nbsp;&nbsp;2 | &nbsp;&nbsp;98.84% |
| &nbsp;&nbsp;Original LTV | &nbsp;&nbsp;3 | &nbsp;&nbsp;98.27% |
| &nbsp;&nbsp;Property City | &nbsp;&nbsp;2 | &nbsp;&nbsp;98.84% |
| &nbsp;&nbsp;Property State | &nbsp;&nbsp;25 | &nbsp;&nbsp;85.55% |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;36 | &nbsp;&nbsp;79.19% |
| &nbsp;&nbsp;Representative Credit Score for Grading | &nbsp;&nbsp;1 | &nbsp;&nbsp;99.42% |
| &nbsp;&nbsp;Total Cash Out | &nbsp;&nbsp;41 | &nbsp;&nbsp;76.30% |

---

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**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 (SEC)**

<u>Loan Pool (173 loans)</u>

![](ex992005.jpg)

**Initial and Final Overall Loan Grade Results (S&P)**

<u>Loan Pool (173 loans)</u>

![](ex992006.jpg)

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 (SEC and S&P)**

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**Initial and Final Property Valuation Grade Results (SEC)**

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**Initial and Final Property Valuation Grade Results (S&P)**

**Initial and Final Regulatory Compliance Grade Results\* (SEC and S&P)**

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\*Compliance results may not tie to total loan count based on business entity loans not being subject to a regulatory compliance review (99 loans in pool)

**Clayton Third Party Reports Delivered**

Clayton furnished the following reports on this transaction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Narrative Report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Conditions Report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Loan Level Tape Compare Upload

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Waived Conditions Summary Reports

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Valuations Summary Reports

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Attestation Forms

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. ASF Upload

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Standard Upload

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Non-ATR QM Report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Rating Agency ATR/QM Data Fields

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Guideline Report

**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:

○ DTI

○ LTV/TLTV/HLTV

○ Credit score

○ Income and employment

○ Assets and reserves

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

○ Borrower eligibility, including:

- Citizenship status

- Non- occupant co-borrower

○ Transaction eligibility, including:

- Maximum loan amount

- Loan purpose

- Occupancy

○ 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:

○ Uniform Residential Loan Application reviewed to determine:

- Initial loan application was in the loan file and was signed by all borrowers

- Final loan application was in the loan file and was complete

- Information and debts disclosed on loan application aligned with related documentation in the loan file

○ Employment analyzed and verified through use of various documents, including:

- Income documentation

- Verbal and/or written verifications of employments (VVOE, VOE)

- CPA letter

- Business licenses

- Tax transcripts (IRS Form 4506-T)

- Other documentation in loan file

○ Income review included:

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- Required income documentation for all borrowers was present and within required time period

- Documents did not appear to have been altered or inconsistent

- IRS Form 4506-T

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

- Income was recalculated and was documented with applicable documentation, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ 1099

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

○ Asset review included:

- 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;&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;&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;&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;&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Other documentation in loan file

- Asset documents were reviewed to determine any large deposits and appropriate sourcing of funds

○ Credit Report review included:

- Complete copy of report was in loan file

- Report was dated within required timeframe

- All borrowers were included in the report

- Checked any fraud alerts against related loan file documentation

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

- Compared liabilities listed on the credit report against the loan application for accurate debt ratio calculation

- Captured and utilized appropriate credit score for guideline review

○ Title policy review included:

- Title interest – determined if

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Leasehold estate

- Appropriate vestee(s) were listed on title policy

Amount of coverage was greater than or equal to the original principal amount of the mortgage

- Applicable title endorsements were present

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- 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

- Reviewed the chain of title and duration of ownership by seller or borrower (whichever was applicable)

- Captured monthly tax payments in debt ratio calculation

○ HUD1 (Settlement Statement) review included:

- Funds to close identified and analyzed against borrower's assets

- Seller contributions did not exceed maximum allowed

- Subject property, seller and borrower aligned with other loan documentation

- Disbursements and pay-offs included in debt ratio calculations

- Loan purpose confirmed

○ Hazard/Flood insurance review included:

- Verified presence of required hazard insurance and flood insurance (if required)

- Confirmed that any required insurance was for the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Correct property

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

Confirmed that any required insurance minimum coverage amount and policy period

- Reviewed for evidence that any required insurance policy premium was paid

- Confirmed that the mortgagee clause listed the lender's name and "it's successors and assigns"

Confirmed that the payment amount on any required insurance was included in the debt ratio calculation

○ Mortgage Insurance review included:

- Determined if mortgage insurance is required

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:

○ Borrower identity

- Social Security inconsistencies

- Borrower name variations

○ Occupancy

- Borrower address history

- Subject property ownership history

○ Employment

○ Licensing – reviewed NMLS data for:

- Mortgage lender/originator

- Loan officer

○ OFAC

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**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:

○ Appraisal report used standard GSE forms, appropriate to the property type:

– 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)

– 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)

– 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

– FNMA 2090 – Individual Cooperative Appraisal Report. Used for individual cooperative units

– FNMA 2000/FHLMC 1032 – One Unit Residential Appraisal Field Review

– FNMA 2000a/FHLMC 1072 – Two to Four Unit Residential Appraisal Field Review

○ Appraisal report was reasonably complete and included:

– Appraisal report form, certification, statement of limiting conditions and scope of work

– Accurate identification of the subject property

– Accurate identification of the subject loan transaction

– Accurate identification of the property type, in both land and improvements

– All required attachments including:

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

– Evidence that appraisal report was made "As Is" or provided satisfactory evidence of completion for all material conditions

– Appraisal date met supplied Sponsor Acquisition Criteria

– 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:

○ Title XI of FIRREA:

– 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

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– Determined that either the appraiser or supervisory appraiser was appropriately licensed by verifying the appraiser's license included in the appraisal.

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

○ USPAP

– 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:

○ Appraised value was reasonably supported. Utilized the following review in making value supported determination:

– Comps used were located reasonably close to the subject property and if not the reason was satisfactorily explained

– Comps used were reasonably recent in transaction date and if not the reason was furnished

– Comps used were reasonably similar to the subject property and if not an explanation was supplied

– Appraised value of the subject was bracketed by the sales prices of the comps and if not the reason was furnished

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

○ 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

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

– Appraisal was made on an "As Is" basis or provides satisfactory evidence of completion of all material conditions

– Property usage was reviewed for zoning compliance

– Property utilization was reviewed to determine it was "highest and best use"

– Neighborhood values were reviewed to determine if declining

– Market conditions were reviewed to determine indication of possible marketability issues:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Predominant occupancy

– Physical condition of the property was reviewed to determine that the property condition was average or better

– Style of property was reviewed to determine if unique property

– Any health and safety issues were noted and/or remediated

– 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:

○ 3 to 4 unit owner occupied properties

○ 2 to 4 unit second homes

○ Unwarrantable or limited review condominiums

○ Manufactured or mobile homes

○ Condotel units

○ Unique properties

○ Working farms, ranches or orchards

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○ Mixed-use properties

○ Properties subject to existing oil or gas leases

○ Properties located in Hawaii Lava Zones 1 and 2

○ Properties exceeding Sponsor Acquisition Criteria requirements for excess acreage

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.

○ 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

○ 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.

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

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

○ 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.

○ Clayton does not check to see if the appraiser is on the Freddie Mac exclusionary list

G. Desk Review definitions

○ 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.

○ 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 final value reconciliation used to grade the loan.

**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.

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

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

○ 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

○ Initial Good Faith Estimate, (GFE): timing and content of the initial disclosure

○ 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

○ 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

○ 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.

○ 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

○ 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:

○ 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.

○ 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)

○ 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

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

○ High Cost mortgage thresholds for points and fees (Section 32)

○ High Cost Prohibited Acts and Practices upon request (Section 33)

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

○ 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)

○ 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)

○ TILA/RESPA Integrated Disclosures ("TRID")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Test whether or not the loan is subject to disclosure on TRID documents, the Loan Estimate ("LE") and Closing Disclosure
("CD")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Pre-application Requirement Testing:

● Pre-application forms cannot look similar to the LE

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● Pre-application forms must contain the required disclaimer ("Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Timing Requirements:

● The LE was delivered or placed in the mail within 3 business days of the broker or lender receiving an application.

● The loan does not consummate (Clayton looks to the later of the note date or notary date) until the later of seven business days after the LE is delivered or placed in the mail and three business days after the CD (or Corrected CD when a new three-day waiting period is triggered) is received.

● That a revised LE or CD is provided within three business days of the lender having knowledge of the information that led to the change.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Fee Tolerances:

● Zero and ten percent tolerance fees are only reset with a valid and timely change of circumstance.

● If a credit or refund is made, that it is sufficient to cover Clayton's calculated under-disclosure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Payment Schedule Accuracy:

● The number of columns and timing of changes to payments as well as the mortgage insurance drop-off match Clayton's calculated payment schedule.

● Interest-only periods and final balloon payments are accurately completed.

● The total of the principal and interest payment, mortgage insurance and escrow amounts add up correctly.

● When applicable, that the AIR and AP tables are consistent with Clayton's calculations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Accuracy of the Loan Calculations

● Amount Financed

● Finance Charge

● Total of Payments

● Total interest percentage

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Technical Requirements

● Compliance with the TRID rounding rules.

● Compliance with specified formatting requirements.

● Compliance with date entry requirements (such as when a field, if not applicable, must be present and left blank).

● Alphabetization of fees.

● Title fees preceded by "Title –."

● Column or similar limits such as four columns for Projected Payments and a maximum of thirteen Origination Charges on the LE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Consistency within and across forms

● Once a fee is disclosed it must remain substantially the same name across disclosures.

● Consistency between the Costs at Closing and Calculating Cash to Close tables, for which there is a version for transactions with a seller and an optional, but not required, version for transactions without a seller. They should be consistent within and across disclosures.

● Where amounts in a table reference that they are derived from another section of the form, that the amounts match the amount in the section referenced.

● Escrow amounts disclosed in the Projected Payments section tie out to the escrow amounts detailed in the Loan Disclosures section.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Completion of the LE and CD

● All required fields not specifically listed herein are completed or left blank in accordance with TRID rules; creditor information, contact information, rate lock information, etc.

● For areas where multiple options are provided, such as Assumption, Negative Amortization and Liability after Foreclosure, only one option is indicated.

● That there is either a signature or a Loan Acceptance statement on the form.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Waivers

● Clayton will capture if the borrower waived their waiting period and the sufficiency of the waiver under TRID. However, based on past experience with clients, Clayton will also issue an exception for the loan closing early.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Corrected CD requiring a new waiting period

● Whether the APR increased or decreased outside of tolerance requiring a new waiting period and whether that waiting period was provided. For APR decreases Clayton will look to whether the APR decreased due to a reduced finance charge, which will be considered to be within tolerance.

● Whether the product or a product feature changed which requires a new waiting period and whether that waiting period was provided.

● Whether a prepayment penalty was added requiring a new waiting period and whether that waiting period was provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Post-Close CD's

● Corrected CD's provided with a post-close refund.

● Post-close CD's to correct numerical errors based on events (such as recording) occurring within 30 days of consummation.

● Post-close CD's to correct non-numerical clerical errors required within 60 days of consummation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Related Documentation

● Provision and timing of Your Home Loan Toolkit (first lien, purchase-money loans)

● Written List of Providers, when there are items in in the Services You Can Shop For category (can impact fee tolerances)

● Affiliated Business Disclosure (can impact fee tolerances)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Outside of Clayton's default TRID scope:

● Accuracy of the LE in terms of whether fees are within the correct category and loan terms where we would need a Note to verify. More detailed testing will occur by comparing the final CD to the Note terms.

● Whether the Liability after Foreclosure selection is correct for the property state.

● Accuracy of the Aggregate Adjustment amount.

● Presence and accuracy of the Seller's Transaction columns of the Summaries of Transactions section.

● Accuracy of the Contact Information for the lender, broker and settlement agent. Clayton will look for discrepancies across forms, but is not independently verifying the information.

**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>**

MSRM 2026 January Securitization Due Diligence Narrative Report Page \| 19 January 5, 2026

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

---

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

● Minnesota (Mortgage Originator and Service Licensing Act)

● Puerto Rico (Office Regulation 5722)

● Texas (Texas Finance Code)

MSRM 2026 January Securitization Due Diligence Narrative Report Page \| 20 January 5, 2026

![](ex992002.jpg)

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

---

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

MSRM 2026 January Securitization Due Diligence Narrative Report Page \| 21 January 5, 2026

![](ex992002.jpg)

**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.)

**<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.© 2026 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.

MSRM 2026 January Securitization Due Diligence Narrative Report Page \| 22 January 5, 2026

## Exhibit 99.2

**Exhibit 99.2**

**Schedule 1 - Non ATR QM Upload Report**

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g.htm)

---

| | |
|:---|:---|
| **Client Name:** | |
| **Client Project Name:** | **MSRM 2026-NQM1 - DSC1** |
| **Start - End Dates:** | **6/16/2023 - 11/25/2025** |
| **Deal Loan Count:** | **1 of 173** |
| **ATR QM Upload** | **ATR QM Upload** |
| Loans in Report: | 1 |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | 91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 | 101 | 102 | 103 | 104 | 105 | 106 | 107 | 108 | 109 | 110 | 111 | 112 | 113 | 114 | 115 | 116 | 117 | 118 | 119 | 120 | 121 | 122 | 123 | 124 | 125 | 126 | 127 | 128 | 129 | 130 | 131 | 132 | 133 | 134 | 135 | 136 | 137 | 138 | 139 | 140 | 141 | 142 | 143 | 144 | 145 | 146 | 147 | 148 | 149 | 150 | 151 | 152 | 153 | 154 | 155 | 156 | 157 | 158 | 159 | 160 | 161 | 162 | 163 | 164 | 165 | 166 | 167 | 168 | 169 | 170 | 171 | 172 | 173 | 174 | 175 | 176 | 177 | 178 | 179 | 180 | 181 | 182 | 183 | 184 | 185 | 186 | 187 | 188 | 189 | 190 | 191 | 192 | 193 | 194 | 195 | 196 | 197 | 198 | 199 | 200 | 201 | 202 | 203 | 204 | 205 | 206 | 207 | 208 | 209 | 210 | 211 | 212 | 213 | 214 | 215 | 216 | 217 | 218 | 219 | 220 | 221 | 222 | 223 | 224 | 225 | 226 | 227 | 228 | 229 | 230 | 231 | 232 | 233 | 234 | 235 | 236 | 237 | 238 | 239 | 240 | 241 | 242 | 243 | 244 | 245 | 246 | 247 | 248 |
| **Loan Number** | **Deal** | **Seller Loan Number** | **Original Principal Balance** | **State** | **Loan Level ATR/QM Status** | **Verification Safe Harbor (VSH)?** | **Lender Provided ATR/QM Worksheet** | **Initial Lender ATR/QM Status** | **Application Date** | **Borrower 1 Citizenship** | **Borrower 2 Citizenship** | **Borrowers Qualified Through a Non-Resident Alien Program** | **Occupancy** | **Property Type** | **Number of Units** | **Loan Type** | **Exempt Loan Product Type** | **Exempt Loan Housing Agency** | **Community Housing Development** | **Credit Under Economic Stabilization Act Of 2008** | **Refinance Of Non-Standard Mortgage** | **Higher Priced Covered Transaction** | **State Prepay Exceptions** | **Loan Purpose** | **Loan Term Exceeds 30 Years** | **Interest Only Feature** | **Negative Amortization** | **Balloon Payment** | **Prepay Penalty Flag** | **Prepayment Penalty Type** | **Prohibited Prepayment Penalty** | **Exceeds Points And Fees** | **Exceeds DTI Limit** | **Lien Position** | **APR** | **QM Calculated DTI Adherence** | **QM Lenders DTI Adherence** | **QM Fee Adherence - Total Charges %** | **QM Fee Adherence - Lenders Fee %** | **Fannie Mae Eligible** | **Freddie Mac Eligible** | **VA Guaranty Eligible** | **FHA Insured Eligible** | **USDA Guarantee Eligible** | **Rural Housing Service Insured Eligible** | **QM - Expected Income Or Assets For DTI** | **QM - Current Employment Status For DTI** | **QM - Monthly Payment On Subject Loan For DTI** | **QM - Monthly Payment On Additional Loan For DTI** | **QM - Monthly Payment Mortgage Related Obligations** | **QM - Current Debt Obligations Alimony and Child Support for DTI** | **QM - Monthly DTI Ratio Or Residual Income** | **One or more Verification Safe Harbor Guidelines used?** | **Current/Reasonably Expected Income or Assets per Guideline used?** | **Current Debt Obligations, Alimony & Child Support per Guideline used?** | **Monthly DTI (includes monthly payment on subject loan and simultaneous loans)** | **Monthly Residual Income per guideline used?** | **Compensating Factors used for QM determination documented before closing?** | **ATR - Guidelines Provided to Document Approach** | **ATR - Current And Expected Income And Assets** | **ATR - Current Employment Status** | **ATR - Mortgage Payment Obligation** | **ATR - Mortgage Payment on Simultaneous Transaction** | **ATR - Payment For Mortgage Related Obligations** | **ATR - Debt Obligations Including Alimony and Child Support** | **ATR - Monthly DTI Ratio or Residual Income** | **ATR - Consumer Credit History** | **ATR Lenders - DTI (Back)** | **ATR Calculated DTI (Back)** | **QM Lender Value DTI (Back)** | **QM Calculated DTI (Back)** | **Initial DTI (Back)** | **DTI Qualifying (Back)** | **Residual Income Analysis in File** | **Residual Income Guidelines** | **Did Loan Meet Guidelines** | **Residual Income Amount** | **Asset Depletion** | **Asset Depletion Months Amortized** | **Asset Utilization** | **Partial Asset Depletion** | **Short Sale** | **Short Sale Date** | **Deed In Lieu** | **Deed In Lieu Date** | **QRM Flag** | **Borrower 2 Guarantor Flag** | **Borrower 2 Personal Guaranty Recourse to Borrower** | **Borrower 3 Guarantor Flag** | **Borrower 3 Personal Guaranty Recourse to Borrower** | **Borrower 4 Guarantor Flag** | **Borrower 4 Personal Guaranty Recourse to Borrower** | **Borrower 1 Paystub Flag** | **Borrower 1 Paystub Number of Months** | **Borrower 2 Paystub Flag** | **Borrower 2 Paystub Number of Months** | **Borrower 3 Paystub Flag** | **Borrower 3 Paystub Number of Months** | **Borrower 4 Paystub Flag** | **Borrower 4 Paystub Number of Months** | **Borrower 1 W2 Flag** | **Borrower 1 W2 Number of Months** | **Borrower 2 W2 Flag** | **Borrower 2 W2 Number of Months** | **Borrower 3 W2 Flag** | **Borrower 3 W2 Number of Months** | **Borrower 4 W2 Flag** | **Borrower 4 W2 Number of Months** | **Borrower 1 Personal Tax Return Flag** | **Borrower 1 Personal Tax Return Number of Months** | **Borrower 2 Personal Tax Return Flag** | **Borrower 2 Personal Tax Return Number of Months** | **Borrower 3 Personal Tax Return Flag** | **Borrower 3 Personal Tax Return Number of Months** | **Borrower 4 Personal Tax Return Flag** | **Borrower 4 Personal Tax Return Number of Months** | **Borrower 1 Business Tax Return Flag** | **Borrower 1 Business Tax Return Number of Months** | **Borrower 2 Business Tax Return Flag** | **Borrower 2 Business Tax Return Number of Months** | **Borrower 3 Business Tax Return Flag** | **Borrower 3 Business Tax Return Number of Months** | **Borrower 4 Business Tax Return Flag** | **Borrower 4 Business Tax Return Number of Months** | **Borrower 1 Verbal VOE Flag** | **Borrower 1 Verbal VOE Number of Months** | **Borrower 2 Verbal VOE Flag** | **Borrower 2 Verbal VOE Number of Months** | **Borrower 3 Verbal VOE Flag** | **Borrower 3 Verbal VOE Number of Months** | **Borrower 4 Verbal VOE Flag** | **Borrower 4 Verbal VOE Number of Months** | **Borrower 1 Written VOE Flag** | **Borrower 1 Written VOE Form** | **Borrower 1 Written VOE Number of Months** | **Borrower 2 Written VOE Flag** | **Borrower 2 Written VOE Form** | **Borrower 2 Written VOE Number of Months** | **Borrower 3 Written VOE Flag** | **Borrower 3 Written VOE Form** | **Borrower 3 Written VOE Number of Months** | **Borrower 4 Written VOE Flag** | **Borrower 4 Written VOE Form** | **Borrower 4 Written VOE Number of Months** | **Borrower 1 P&L Flag** | **Borrower 1 P&L Prepared By** | **Borrower 1 P&L Number of Months** | **Borrower 2 P&L Flag** | **Borrower 2 P&L Prepared By** | **Borrower 2 P&L Number of Months** | **Borrower 3 P&L Flag** | **Borrower 3 P&L Prepared By** | **Borrower 3 P&L Number of Months** | **Borrower 4 P&L Flag** | **Borrower 4 P&L Prepared By** | **Borrower 4 P&L Number of Months** | **Borrower 1 Lease Agreement Flag** | **Borrower 1 Lease Agreement Number of Months** | **Borrower 2 Lease Agreement Flag** | **Borrower 2 Lease Agreement Number of Months** | **Borrower 3 Lease Agreement Flag** | **Borrower 3 Lease Agreement Number of Months** | **Borrower 4 Lease Agreement Flag** | **Borrower 4 Lease Agreement Number of Months** | **Equity Income Flag** | **Equity Income Amount** | **Equity Income Number of Months** | **Cross Collateralized Loan?** | **Is the Loan a Short-Term Rental?** | **DSCR with Rent Schedule Flag** | **DSCR with Rent Schedule Income Amount** | **DSCR with Lease Agreement Flag** | **DSCR with Lease Agreement Income Amount** | **DSCR %** | **DSCR Method Used** | **Borrower 1 CPA Letter with Income Flag** | **Borrower 1 CPA Letter with Income Number of Months** | **Borrower 1 CPA Letter without Income Flag** | **Borrower 1 CPA Letter without Income Number of Months** | **Borrower 2 CPA Letter with Income Flag** | **Borrower 2 CPA Letter with Income Number of Months** | **Borrower 2 CPA Letter without Income Flag** | **Borrower 2 CPA Letter without Income Number of Months** | **Borrower 3 CPA Letter with Income Flag** | **Borrower 3 CPA Letter with Income Number of Months** | **Borrower 3 CPA Letter without Income Flag** | **Borrower 3 CPA Letter without Income Number of Months** | **Borrower 4 CPA Letter with Income Flag** | **Borrower 4 CPA Letter with Income Number of Months** | **Borrower 4 CPA Letter without Income Flag** | **Borrower 4 CPA Letter without Income Number of Months** | **Borrower 1 Personal Bank Statements Flag** | **Borrower 1 Personal Bank Statements Number of Months** | **Borrower 2 Personal Bank Statements Flag** | **Borrower 2 Personal Bank Statements Number of Months** | **Borrower 3 Personal Bank Statements Flag** | **Borrower 3 Personal Bank Statements Number of Months** | **Borrower 4 Personal Bank Statements Flag** | **Borrower 4 Personal Bank Statements Number of Months** | **Borrower 1 Business Bank Statements Flag** | **Borrower 1 Business Bank Statements Number of Months** | **Borrower 2 Business Bank Statements Flag** | **Borrower 2 Business Bank Statements Number of Months** | **Borrower 3 Business Bank Statements Flag** | **Borrower 3 Business Bank Statements Number of Months** | **Borrower 4 Business Bank Statements Flag** | **Borrower 4 Business Bank Statements Number of Months** | **Borrower 1 Award Letter Flag** | **Borrower 1 Award Letter Number of Months** | **Borrower 2 Award Letter Flag** | **Borrower 2 Award Letter Number of Months** | **Borrower 3 Award Letter Flag** | **Borrower 3 Award Letter Number of Months** | **Borrower 4 Award Letter Flag** | **Borrower 4 Award Letter Number of Months** | **Borrower 1 Offer Letter Flag** | **Borrower 1 Offer Letter Number of Months** | **Borrower 2 Offer Letter Flag** | **Borrower 2 Offer Letter Number of Months** | **Borrower 3 Offer Letter Flag** | **Borrower 3 Offer Letter Number of Months** | **Borrower 4 Offer Letter Flag** | **Borrower 4 Offer Letter Number of Months** | **Borrower 1 IRS Transcripts - Tax Returns Flag** | **Borrower 1 IRS Transcripts - Tax Returns Number of Months** | **Borrower 1 IRS Transcripts - W2s Flag** | **Borrower 1 IRS Transcripts - W2s Number of Months** | **Borrower 2 IRS Transcripts - Tax Returns Flag** | **Borrower 2 IRS Transcripts - Tax Returns Number of Months** | **Borrower 2 IRS Transcripts - W2s Flag** | **Borrower 2 IRS Transcripts - W2s Number of Months** | **Borrower 3 IRS Transcripts - Tax Returns Flag** | **Borrower 3 IRS Transcripts - Tax Returns Number of Months** | **Borrower 3 IRS Transcripts - W2s Flag** | **Borrower 3 IRS Transcripts - W2s Number of Months** | **Borrower 4 IRS Transcripts - Tax Returns Flag** | **Borrower 4 IRS Transcripts - Tax Returns Number of Months** | **Borrower 4 IRS Transcripts - W2s Flag** | **Borrower 4 IRS Transcripts - W2s Number of Months** | **Borrower 1 Income Doc Type Summary** | **Borrower 2 Income Doc Type Summary** | **Borrower 3 Income Doc Type Summary** | **Borrower 4 Income Doc Type Summary** | **Borrower 1 Documentation Used to Determine Legal Residency** | **Borrower 2 Documentation Used to Determine Legal Residency** | **Borrower 3 Documentation Used to Determine Legal Residency** | **Borrower 4 Documentation Used to Determine Legal Residency** |
| 9896329 | XXXXXX | (No Data) | XXXXXX | XXXXXX | ATR/QM: Exempt | (No Data) | (No Data) | (No Data) | XXXXXX | (No Data) | U.S. Citizen | (No Data) | Investor | SFR-Attached | 1 | Conventional | No | No | (No Data) | (No Data) | (No Data) | No | (No Data) | Purchase | No | No | No | No | Yes | 5% of amt prepd | (No Data) | Yes | Yes | 1 | 6.1250 | No | No | 5 | (No Data) | (No Data) | (No Data) | No | No | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | 0 | 0 | 0 | 0 | 0 | 0 | (No Data) | (No Data) | (No Data) | -7489.76 | No | 0 | (No Data) | No | No | (No Data) | No | (No Data) | No | Yes | Full Recourse | Yes | Full Recourse | Yes | Full Recourse | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | (No Data) | No | (No Data) | (No Data) | No | (No Data) | (No Data) | No | (No Data) | (No Data) | No | (No Data) | (No Data) | No | (No Data) | (No Data) | No | (No Data) | (No Data) | No | (No Data) | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | (No Data) | No | Yes | Yes | 9666.00 | No | (No Data) | 1.2906 | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | No | (No Data) | DSCR - w/rent schedule - 0 months | DSCR - w/rent schedule - 0 months | DSCR - w/rent schedule - 0 months | DSCR - w/rent schedule - 0 months | (No Data) | (No Data) | (No Data) | (No Data) |

---

<br>©2026 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 99.3

**Exhibit 99.3**

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g.htm)

---

| | |
|:---|:---|
| **MS Loan ID** | **TPR** |
| 9694032 | CLARIFII |
| 9694033 | CLARIFII |
| 9694034 | CLARIFII |
| 9694035 | CLARIFII |
| 9694037 | CLARIFII |
| 9694038 | CLARIFII |
| 9846202 | CLARIFII |
| 9855585 | CLARIFII |
| 9036015 | CLARIFII |
| 9130218 | CLARIFII |
| 9146960 | CLARIFII |
| 9156973 | CLARIFII |
| 9146963 | CLARIFII |
| 9125131 | CLARIFII |
| 9166082 | CLARIFII |
| 9156951 | CLARIFII |
| 9064756 | CLARIFII |
| 9216975 | CLARIFII |
| 9130223 | CLARIFII |
| 9362349 | CLARIFII |
| 9248246 | CLARIFII |
| 9166112 | CLARIFII |
| 9146942 | CLARIFII |
| 9146952 | CLARIFII |
| 9146953 | CLARIFII |
| 9190354 | CLARIFII |
| 9201271 | CLARIFII |
| 9201278 | CLARIFII |
| 9212941 | CLARIFII |
| 9216988 | CLARIFII |
| 9217003 | CLARIFII |
| 9217018 | CLARIFII |
| 9182064 | CLARIFII |
| 9196988 | CLARIFII |
| 9197021 | CLARIFII |
| 9201273 | CLARIFII |
| 9212945 | CLARIFII |
| 9226527 | CLARIFII |
| 9226546 | CLARIFII |
| 9226555 | CLARIFII |
| 9236143 | CLARIFII |
| 9236147 | CLARIFII |
| 9239918 | CLARIFII |
| 9239968 | CLARIFII |
| 9248245 | CLARIFII |
| 9111437 | CLARIFII |
| 9212950 | CLARIFII |
| 9239929 | CLARIFII |
| 9239965 | CLARIFII |
| 9217019 | CLARIFII |
| 9226553 | CLARIFII |
| 9236152 | CLARIFII |
| 9303129 | CLARIFII |
| 9362318 | CLARIFII |
| 9362324 | CLARIFII |
| 9362326 | CLARIFII |
| 9362333 | CLARIFII |
| 9362350 | CLARIFII |
| 9362364 | CLARIFII |
| 9362375 | CLARIFII |
| 9362382 | CLARIFII |
| 9362383 | CLARIFII |
| 9362386 | CLARIFII |
| 9362387 | CLARIFII |
| 9362389 | CLARIFII |
| 9362391 | CLARIFII |
| 9362395 | CLARIFII |
| 9251164 | CLARIFII |
| 9248274 | CLARIFII |
| 9303132 | CLARIFII |
| 9365868 | CLARIFII |
| 9239975 | CLARIFII |
| 9248262 | CLARIFII |
| 9239919 | CLARIFII |
| 9365860 | CLARIFII |
| 9388825 | CLARIFII |
| 9146935 | CLARIFII |
| 9365885 | CLARIFII |
| 9365886 | CLARIFII |
| 9365899 | CLARIFII |
| 9502095 | CLARIFII |
| 9502112 | CLARIFII |
| 9502142 | CLARIFII |
| 9768897 | CLARIFII |
| 9243443 | CLARIFII |
| 9555106 | CLARIFII |
| 9555125 | CLARIFII |
| 9613752 | CLARIFII |
| 9613773 | CLARIFII |
| 9694039 | CLARIFII |
| 9768887 | CLARIFII |
| 9846213 | CLARIFII |
| 9896346 | CLARIFII |
| 9896420 | CLARIFII |
| 9896443 | CLARIFII |
| 9768893 | CLARIFII |
| 9807863 | CLARIFII |
| 9846194 | CLARIFII |
| 9502999 | CLARIFII |
| 9362358 | CLARIFII |
| 9190396 | CLARIFII |
| 9555119 | CLAYTON |
| 9694036 | CLAYTON |
| 9362307 | CLAYTON |
| 9362309 | CLAYTON |
| 9896379 | CLAYTON |
| 9031876 | CLAYTON |
| 9173505 | CLAYTON |
| 9243444 | CLAYTON |
| 9216966 | CLAYTON |
| 9246764 | CLAYTON |
| 9246796 | CLAYTON |
| 9246828 | CLAYTON |
| 9243437 | CLAYTON |
| 9365903 | CLAYTON |
| 9004071 | CLAYTON |
| 9222114 | CLAYTON |
| 9217295 | CLAYTON |
| 9217396 | CLAYTON |
| 9104667 | CLAYTON |
| 9165591 | CLAYTON |
| 9243481 | CLAYTON |
| 9212942 | CLAYTON |
| 9212958 | CLAYTON |
| 9362319 | CLAYTON |
| 9362320 | CLAYTON |
| 9362321 | CLAYTON |
| 9362322 | CLAYTON |
| 9362323 | CLAYTON |
| 9362325 | CLAYTON |
| 9362327 | CLAYTON |
| 9362328 | CLAYTON |
| 9362329 | CLAYTON |
| 9362331 | CLAYTON |
| 9362332 | CLAYTON |
| 9362334 | CLAYTON |
| 9362335 | CLAYTON |
| 9362336 | CLAYTON |
| 9362337 | CLAYTON |
| 9362339 | CLAYTON |
| 9362340 | CLAYTON |
| 9362341 | CLAYTON |
| 9362342 | CLAYTON |
| 9362345 | CLAYTON |
| 9362348 | CLAYTON |
| 9362353 | CLAYTON |
| 9362355 | CLAYTON |
| 9362356 | CLAYTON |
| 9362359 | CLAYTON |
| 9362360 | CLAYTON |
| 9362365 | CLAYTON |
| 9362366 | CLAYTON |
| 9362371 | CLAYTON |
| 9362373 | CLAYTON |
| 9362376 | CLAYTON |
| 9362380 | CLAYTON |
| 9362381 | CLAYTON |
| 9362388 | CLAYTON |
| 9362392 | CLAYTON |
| 9362400 | CLAYTON |
| 9251201 | CLAYTON |
| 9251207 | CLAYTON |
| 9217371 | CLAYTON |
| 9173484 | CLAYTON |
| 9243492 | CLAYTON |
| 9182100 | CLAYTON |
| 9236129 | CLAYTON |
| 9388830 | CLAYTON |
| 9166127 | CLAYTON |
| 9303115 | CLAYTON |
| 9694014 | CLAYTON |
| 9694021 | CLAYTON |
| 9694053 | CLAYTON |
| 9846185 | CLAYTON |
| 9896329 | CLAYTON |
| 9896338 | CLAYTON |
| 9896348 | CLAYTON |
| 9896377 | CLAYTON |
| 9896384 | CLAYTON |
| 9896411 | CLAYTON |
| 9896416 | CLAYTON |
| 9896418 | CLAYTON |
| 9896419 | CLAYTON |
| 9896429 | CLAYTON |
| 9896433 | CLAYTON |
| 9896435 | CLAYTON |
| 9896437 | CLAYTON |
| 9896441 | CLAYTON |
| 9896449 | CLAYTON |
| 9896451 | CLAYTON |
| 9388862 | CLAYTON |
| 9807855 | CLAYTON |
| 9362390 | CLAYTON |
| 9251148 | CLAYTON |
| 9239922 | CLAYTON |
| 9502927 | CONSOLIDATED ANALYTICS |
| 9694938 | CONSOLIDATED ANALYTICS |
| 9694909 | CONSOLIDATED ANALYTICS |
| 9694910 | CONSOLIDATED ANALYTICS |
| 9694911 | CONSOLIDATED ANALYTICS |
| 9694913 | CONSOLIDATED ANALYTICS |
| 9694947 | CONSOLIDATED ANALYTICS |
| 9695009 | CONSOLIDATED ANALYTICS |
| 9695046 | CONSOLIDATED ANALYTICS |
| 9695054 | CONSOLIDATED ANALYTICS |
| 9695080 | CONSOLIDATED ANALYTICS |
| 9695090 | CONSOLIDATED ANALYTICS |
| 9695102 | CONSOLIDATED ANALYTICS |
| 9695129 | CONSOLIDATED ANALYTICS |
| 9695130 | CONSOLIDATED ANALYTICS |
| 9979474 | CONSOLIDATED ANALYTICS |
| 9218408 | CONSOLIDATED ANALYTICS |
| 9204952 | CONSOLIDATED ANALYTICS |
| 9204992 | CONSOLIDATED ANALYTICS |
| 9205035 | CONSOLIDATED ANALYTICS |
| 9175349 | CONSOLIDATED ANALYTICS |
| 9162675 | CONSOLIDATED ANALYTICS |
| 9162694 | CONSOLIDATED ANALYTICS |
| 9218298 | CONSOLIDATED ANALYTICS |
| 9218361 | CONSOLIDATED ANALYTICS |
| 9218384 | CONSOLIDATED ANALYTICS |
| 9218387 | CONSOLIDATED ANALYTICS |
| 9218572 | CONSOLIDATED ANALYTICS |
| 9302706 | CONSOLIDATED ANALYTICS |
| 9302708 | CONSOLIDATED ANALYTICS |
| 9302714 | CONSOLIDATED ANALYTICS |
| 9302720 | CONSOLIDATED ANALYTICS |
| 9302726 | CONSOLIDATED ANALYTICS |
| 9302727 | CONSOLIDATED ANALYTICS |
| 9302735 | CONSOLIDATED ANALYTICS |
| 9302737 | CONSOLIDATED ANALYTICS |
| 9302744 | CONSOLIDATED ANALYTICS |
| 9302746 | CONSOLIDATED ANALYTICS |
| 9302754 | CONSOLIDATED ANALYTICS |
| 9302772 | CONSOLIDATED ANALYTICS |
| 9218287 | CONSOLIDATED ANALYTICS |
| 9218470 | CONSOLIDATED ANALYTICS |
| 9218471 | CONSOLIDATED ANALYTICS |
| 9218474 | CONSOLIDATED ANALYTICS |
| 9218475 | CONSOLIDATED ANALYTICS |
| 9218476 | CONSOLIDATED ANALYTICS |
| 9218490 | CONSOLIDATED ANALYTICS |
| 9218511 | CONSOLIDATED ANALYTICS |
| 9218539 | CONSOLIDATED ANALYTICS |
| 9389065 | CONSOLIDATED ANALYTICS |
| 9389084 | CONSOLIDATED ANALYTICS |
| 9389099 | CONSOLIDATED ANALYTICS |
| 9389135 | CONSOLIDATED ANALYTICS |
| 9389200 | CONSOLIDATED ANALYTICS |
| 9389242 | CONSOLIDATED ANALYTICS |
| 9389051 | CONSOLIDATED ANALYTICS |
| 9389068 | CONSOLIDATED ANALYTICS |
| 9389087 | CONSOLIDATED ANALYTICS |
| 9389095 | CONSOLIDATED ANALYTICS |
| 9389103 | CONSOLIDATED ANALYTICS |
| 9389126 | CONSOLIDATED ANALYTICS |
| 9389162 | CONSOLIDATED ANALYTICS |
| 9389178 | CONSOLIDATED ANALYTICS |
| 9502929 | CONSOLIDATED ANALYTICS |
| 9502932 | CONSOLIDATED ANALYTICS |
| 9502958 | CONSOLIDATED ANALYTICS |
| 9502959 | CONSOLIDATED ANALYTICS |
| 9502965 | CONSOLIDATED ANALYTICS |
| 9502966 | CONSOLIDATED ANALYTICS |
| 9502972 | CONSOLIDATED ANALYTICS |
| 9502974 | CONSOLIDATED ANALYTICS |
| 9502996 | CONSOLIDATED ANALYTICS |
| 9502998 | CONSOLIDATED ANALYTICS |
| 9503017 | CONSOLIDATED ANALYTICS |
| 9503027 | CONSOLIDATED ANALYTICS |
| 9503039 | CONSOLIDATED ANALYTICS |
| 9502933 | CONSOLIDATED ANALYTICS |
| 9503029 | CONSOLIDATED ANALYTICS |
| 9694905 | CONSOLIDATED ANALYTICS |
| 9389028 | CONSOLIDATED ANALYTICS |
| 9389311 | CONSOLIDATED ANALYTICS |
| 9389119 | CONSOLIDATED ANALYTICS |
| 9694954 | CONSOLIDATED ANALYTICS |
| 9389258 | CONSOLIDATED ANALYTICS |
| 9389062 | CONSOLIDATED ANALYTICS |
| 9389250 | CONSOLIDATED ANALYTICS |
| 9389229 | CONSOLIDATED ANALYTICS |
| 9694963 | CONSOLIDATED ANALYTICS |
| 9389281 | CONSOLIDATED ANALYTICS |
| 9389279 | CONSOLIDATED ANALYTICS |
| 9389171 | CONSOLIDATED ANALYTICS |
| 9389260 | CONSOLIDATED ANALYTICS |
| 9389317 | CONSOLIDATED ANALYTICS |
| 9694904 | CONSOLIDATED ANALYTICS |
| 9694914 | CONSOLIDATED ANALYTICS |
| 9694916 | CONSOLIDATED ANALYTICS |
| 9694927 | CONSOLIDATED ANALYTICS |
| 9694934 | CONSOLIDATED ANALYTICS |
| 9694935 | CONSOLIDATED ANALYTICS |
| 9694943 | CONSOLIDATED ANALYTICS |
| 9694946 | CONSOLIDATED ANALYTICS |
| 9694957 | CONSOLIDATED ANALYTICS |
| 9694960 | CONSOLIDATED ANALYTICS |
| 9694961 | CONSOLIDATED ANALYTICS |
| 9694964 | CONSOLIDATED ANALYTICS |
| 9694970 | CONSOLIDATED ANALYTICS |
| 9694972 | CONSOLIDATED ANALYTICS |
| 9694977 | CONSOLIDATED ANALYTICS |
| 9694985 | CONSOLIDATED ANALYTICS |
| 9695000 | CONSOLIDATED ANALYTICS |
| 9695001 | CONSOLIDATED ANALYTICS |
| 9695004 | CONSOLIDATED ANALYTICS |
| 9695007 | CONSOLIDATED ANALYTICS |
| 9695008 | CONSOLIDATED ANALYTICS |
| 9695017 | CONSOLIDATED ANALYTICS |
| 9695019 | CONSOLIDATED ANALYTICS |
| 9695025 | CONSOLIDATED ANALYTICS |
| 9695034 | CONSOLIDATED ANALYTICS |
| 9695070 | CONSOLIDATED ANALYTICS |
| 9695092 | CONSOLIDATED ANALYTICS |
| 9695124 | CONSOLIDATED ANALYTICS |
| 9389056 | CONSOLIDATED ANALYTICS |
| 9389091 | CONSOLIDATED ANALYTICS |
| 9389123 | CONSOLIDATED ANALYTICS |
| 9389176 | CONSOLIDATED ANALYTICS |
| 9389177 | CONSOLIDATED ANALYTICS |
| 9389213 | CONSOLIDATED ANALYTICS |
| 9389228 | CONSOLIDATED ANALYTICS |
| 9389232 | CONSOLIDATED ANALYTICS |
| 9694908 | CONSOLIDATED ANALYTICS |
| 9694912 | CONSOLIDATED ANALYTICS |
| 9694942 | CONSOLIDATED ANALYTICS |
| 9694948 | CONSOLIDATED ANALYTICS |
| 9694953 | CONSOLIDATED ANALYTICS |
| 9694984 | CONSOLIDATED ANALYTICS |
| 9694992 | CONSOLIDATED ANALYTICS |
| 9695006 | CONSOLIDATED ANALYTICS |
| 9695024 | CONSOLIDATED ANALYTICS |
| 9695052 | CONSOLIDATED ANALYTICS |
| 9695053 | CONSOLIDATED ANALYTICS |
| 9695056 | CONSOLIDATED ANALYTICS |
| 9695064 | CONSOLIDATED ANALYTICS |
| 9695077 | CONSOLIDATED ANALYTICS |
| 9695081 | CONSOLIDATED ANALYTICS |
| 9695096 | CONSOLIDATED ANALYTICS |
| 9695105 | CONSOLIDATED ANALYTICS |
| 9695112 | CONSOLIDATED ANALYTICS |
| 9695113 | CONSOLIDATED ANALYTICS |
| 9695114 | CONSOLIDATED ANALYTICS |
| 9695117 | CONSOLIDATED ANALYTICS |
| 9695121 | CONSOLIDATED ANALYTICS |
| 9695123 | CONSOLIDATED ANALYTICS |
| 9695136 | CONSOLIDATED ANALYTICS |
| 9389235 | CONSOLIDATED ANALYTICS |
| 9502975 | CONSOLIDATED ANALYTICS |
| 9502994 | CONSOLIDATED ANALYTICS |
| 9502995 | CONSOLIDATED ANALYTICS |
| 9503036 | CONSOLIDATED ANALYTICS |
| 9389079 | CONSOLIDATED ANALYTICS |
| 9389097 | CONSOLIDATED ANALYTICS |
| 9133770 | CONSOLIDATED ANALYTICS |
| 9389052 | CONSOLIDATED ANALYTICS |
| 9502936 | CONSOLIDATED ANALYTICS |
| 9217179 | COVIUS |
| 9217191 | COVIUS |
| 9251321 | COVIUS |
| 9229935 | DIGITAL RISK |
| 9605925 | DIGITAL RISK |
| 9605926 | DIGITAL RISK |
| 9605929 | DIGITAL RISK |
| 9605930 | DIGITAL RISK |
| 9605931 | DIGITAL RISK |
| 9605932 | DIGITAL RISK |
| 9605933 | DIGITAL RISK |
| 9605935 | DIGITAL RISK |
| 9605936 | DIGITAL RISK |
| 9605937 | DIGITAL RISK |
| 9605938 | DIGITAL RISK |
| 9605940 | DIGITAL RISK |
| 9605941 | DIGITAL RISK |
| 9605942 | DIGITAL RISK |
| 9605943 | DIGITAL RISK |
| 9605944 | DIGITAL RISK |
| 9605945 | DIGITAL RISK |
| 9605946 | DIGITAL RISK |
| 9605947 | DIGITAL RISK |
| 9605948 | DIGITAL RISK |
| 9605949 | DIGITAL RISK |
| 9605950 | DIGITAL RISK |
| 9605951 | DIGITAL RISK |
| 9605952 | DIGITAL RISK |
| 9605954 | DIGITAL RISK |
| 9605955 | DIGITAL RISK |
| 9605956 | DIGITAL RISK |
| 9605957 | DIGITAL RISK |
| 9605958 | DIGITAL RISK |
| 9605959 | DIGITAL RISK |
| 9605960 | DIGITAL RISK |
| 9605962 | DIGITAL RISK |
| 9605963 | DIGITAL RISK |
| 9605964 | DIGITAL RISK |
| 9605965 | DIGITAL RISK |
| 9605966 | DIGITAL RISK |
| 9605967 | DIGITAL RISK |
| 9605968 | DIGITAL RISK |
| 9605969 | DIGITAL RISK |
| 9605970 | DIGITAL RISK |
| 9605971 | DIGITAL RISK |
| 9605973 | DIGITAL RISK |
| 9605974 | DIGITAL RISK |
| 9605975 | DIGITAL RISK |
| 9605976 | DIGITAL RISK |
| 9605978 | DIGITAL RISK |
| 9605979 | DIGITAL RISK |
| 9605980 | DIGITAL RISK |
| 9605981 | DIGITAL RISK |
| 9605982 | DIGITAL RISK |
| 9605983 | DIGITAL RISK |
| 9605984 | DIGITAL RISK |
| 9605985 | DIGITAL RISK |
| 9605986 | DIGITAL RISK |
| 9605987 | DIGITAL RISK |
| 9605988 | DIGITAL RISK |
| 9605989 | DIGITAL RISK |
| 9605990 | DIGITAL RISK |
| 9605991 | DIGITAL RISK |
| 9802902 | DIGITAL RISK |
| 9802903 | DIGITAL RISK |
| 9802904 | DIGITAL RISK |
| 9802905 | DIGITAL RISK |
| 9802906 | DIGITAL RISK |
| 9802907 | DIGITAL RISK |
| 9802908 | DIGITAL RISK |
| 9802909 | DIGITAL RISK |
| 9802910 | DIGITAL RISK |
| 9802911 | DIGITAL RISK |
| 9802912 | DIGITAL RISK |
| 9802913 | DIGITAL RISK |
| 9802914 | DIGITAL RISK |
| 9802915 | DIGITAL RISK |
| 9802916 | DIGITAL RISK |
| 9802917 | DIGITAL RISK |
| 9802918 | DIGITAL RISK |
| 9802919 | DIGITAL RISK |
| 9802920 | DIGITAL RISK |
| 9802921 | DIGITAL RISK |
| 9802922 | DIGITAL RISK |
| 9802923 | DIGITAL RISK |
| 9802924 | DIGITAL RISK |
| 9802925 | DIGITAL RISK |
| 9802928 | DIGITAL RISK |
| 9802929 | DIGITAL RISK |
| 9802930 | DIGITAL RISK |
| 9802931 | DIGITAL RISK |
| 9802932 | DIGITAL RISK |
| 9802933 | DIGITAL RISK |
| 9802934 | DIGITAL RISK |
| 9802935 | DIGITAL RISK |
| 9802936 | DIGITAL RISK |
| 9802937 | DIGITAL RISK |
| 9802938 | DIGITAL RISK |
| 9802939 | DIGITAL RISK |
| 9802940 | DIGITAL RISK |
| 9802941 | DIGITAL RISK |
| 9802942 | DIGITAL RISK |
| 9605934 | DIGITAL RISK |
| 9605953 | DIGITAL RISK |
| 9605972 | DIGITAL RISK |
| 9605939 | DIGITAL RISK |
| 9448130 | SELENE |
| 9448131 | SELENE |
| 9448141 | SELENE |
| 9246449 | SELENE |
| 9364391 | SELENE |
| 9364400 | SELENE |
| 9226594 | SELENE |
| 9239302 | SELENE |
| 9217080 | SELENE |
| 9218505 | SELENE |
| 9218507 | SELENE |
| 9186023 | SELENE |
| 9246550 | SELENE |
| 9246551 | SELENE |
| 9239049 | SELENE |
| 9239058 | SELENE |
| 9239063 | SELENE |
| 9239064 | SELENE |
| 9239197 | SELENE |
| 9239224 | SELENE |
| 9239260 | SELENE |
| 9239289 | SELENE |
| 9239314 | SELENE |
| 9239357 | SELENE |
| 9246435 | SELENE |
| 9246446 | SELENE |
| 9246451 | SELENE |
| 9246465 | SELENE |
| 9246473 | SELENE |
| 9246511 | SELENE |
| 9246547 | SELENE |
| 9364358 | SELENE |
| 9364368 | SELENE |
| 9364371 | SELENE |
| 9364402 | SELENE |
| 9218509 | SELENE |
| 9218534 | SELENE |
| 9243098 | SELENE |
| 9239051 | SELENE |
| 9239121 | SELENE |
| 9239132 | SELENE |
| 9239167 | SELENE |
| 9239180 | SELENE |
| 9239209 | SELENE |
| 9239237 | SELENE |
| 9239246 | SELENE |
| 9239248 | SELENE |
| 9239251 | SELENE |
| 9239271 | SELENE |
| 9239311 | SELENE |
| 9239358 | SELENE |
| 9239359 | SELENE |
| 9239371 | SELENE |
| 9246544 | SELENE |
| 9239006 | SELENE |
| 9239011 | SELENE |
| 9239025 | SELENE |
| 9239026 | SELENE |
| 9239062 | SELENE |
| 9239072 | SELENE |
| 9239074 | SELENE |
| 9239080 | SELENE |
| 9239083 | SELENE |
| 9239086 | SELENE |
| 9239096 | SELENE |
| 9239101 | SELENE |
| 9239151 | SELENE |
| 9239158 | SELENE |
| 9239164 | SELENE |
| 9239179 | SELENE |
| 9239186 | SELENE |
| 9239193 | SELENE |
| 9239206 | SELENE |
| 9239214 | SELENE |
| 9239269 | SELENE |
| 9239294 | SELENE |
| 9239323 | SELENE |
| 9239353 | SELENE |
| 9239370 | SELENE |
| 9448047 | SELENE |
| 9448049 | SELENE |
| 9448050 | SELENE |
| 9448051 | SELENE |
| 9448052 | SELENE |
| 9448053 | SELENE |
| 9448056 | SELENE |
| 9448057 | SELENE |
| 9448059 | SELENE |
| 9448060 | SELENE |
| 9448063 | SELENE |
| 9448066 | SELENE |
| 9448067 | SELENE |
| 9448069 | SELENE |
| 9448071 | SELENE |
| 9448072 | SELENE |
| 9448076 | SELENE |
| 9448078 | SELENE |
| 9448079 | SELENE |
| 9448080 | SELENE |
| 9448083 | SELENE |
| 9448093 | SELENE |
| 9448095 | SELENE |
| 9448096 | SELENE |
| 9448097 | SELENE |
| 9448100 | SELENE |
| 9448101 | SELENE |
| 9448105 | SELENE |
| 9448106 | SELENE |
| 9448107 | SELENE |
| 9448109 | SELENE |
| 9448110 | SELENE |
| 9448112 | SELENE |
| 9448115 | SELENE |
| 9448116 | SELENE |
| 9448117 | SELENE |
| 9448118 | SELENE |
| 9448124 | SELENE |
| 9448126 | SELENE |
| 9448129 | SELENE |
| 9448132 | SELENE |
| 9448133 | SELENE |
| 9448134 | SELENE |
| 9448135 | SELENE |
| 9448142 | SELENE |
| 9448143 | SELENE |
| 9448144 | SELENE |
| 9448146 | SELENE |
| 9448150 | SELENE |
| 9448151 | SELENE |
| 9448153 | SELENE |
| 9448154 | SELENE |
| 9448155 | SELENE |
| 9448160 | SELENE |
| 9448161 | SELENE |
| 9448164 | SELENE |
| 9448166 | SELENE |
| 9448167 | SELENE |
| 9448168 | SELENE |
| 9448169 | SELENE |
| 9448170 | SELENE |
| 9448171 | SELENE |
| 9448176 | SELENE |
| 9448179 | SELENE |
| 9448181 | SELENE |
| 9448184 | SELENE |
| 9448185 | SELENE |
| 9448186 | SELENE |
| 9448189 | SELENE |
| 9448191 | SELENE |
| 9448192 | SELENE |
| 9448194 | SELENE |
| 9448195 | SELENE |
| 9448196 | SELENE |
| 9448197 | SELENE |
| 9448198 | SELENE |
| 9448199 | SELENE |
| 9448202 | SELENE |
| 9448205 | SELENE |
| 9448206 | SELENE |
| 9448207 | SELENE |
| 9448208 | SELENE |
| 9448216 | SELENE |
| 9448217 | SELENE |
| 9448219 | SELENE |
| 9448220 | SELENE |
| 9448221 | SELENE |
| 9448223 | SELENE |
| 9239016 | SELENE |
| 9239027 | SELENE |
| 9239028 | SELENE |
| 9239045 | SELENE |
| 9239053 | SELENE |
| 9239084 | SELENE |
| 9239127 | SELENE |
| 9239128 | SELENE |
| 9239133 | SELENE |
| 9239154 | SELENE |
| 9239155 | SELENE |
| 9239161 | SELENE |
| 9239162 | SELENE |
| 9239172 | SELENE |
| 9239183 | SELENE |
| 9239200 | SELENE |
| 9239210 | SELENE |
| 9239216 | SELENE |
| 9239218 | SELENE |
| 9239230 | SELENE |
| 9239253 | SELENE |
| 9239263 | SELENE |
| 9239268 | SELENE |
| 9239286 | SELENE |
| 9239295 | SELENE |
| 9239364 | SELENE |
| 9239367 | SELENE |
| 9239368 | SELENE |
| 9389041 | SELENE |
| 9448054 | SELENE |
| 9239273 | SELENE |
| 9364389 | SELENE |
| 9239247 | SELENE |
| 9448099 | SELENE |
| 9448128 | SELENE |
| 9695122 | SITUS AMC |
| 9248383 | SITUS AMC |
| 9363461 | SITUS AMC |
| 9233115 | SITUS AMC |
| 9239458 | SITUS AMC |
| 9498150 | SITUS AMC |
| 9556897 | SITUS AMC |
| 9500048 | SITUS AMC |
| 9500081 | SITUS AMC |
| 9248826 | SITUS AMC |
| 9606145 | SITUS AMC |
| 9357625 | SITUS AMC |
| 9694703 | SITUS AMC |
| 9732186 | SITUS AMC |
| 9610788 | SITUS AMC |
| 9610790 | SITUS AMC |
| 9610834 | SITUS AMC |
| 9610838 | SITUS AMC |
| 9610861 | SITUS AMC |
| 9610871 | SITUS AMC |
| 9611074 | SITUS AMC |
| 9805204 | SITUS AMC |
| 9808712 | SITUS AMC |
| 9610945 | SITUS AMC |
| 9689610 | SITUS AMC |
| 9803917 | SITUS AMC |
| 9804553 | SITUS AMC |
| 9610758 | SITUS AMC |
| 9610843 | SITUS AMC |
| 9915348 | SITUS AMC |
| 9848688 | SITUS AMC |
| 9851571 | SITUS AMC |
| 9123092 | SITUS AMC |
| 9122471 | SITUS AMC |
| 9240515 | SITUS AMC |
| 9240519 | SITUS AMC |
| 9240521 | SITUS AMC |
| 9610767 | SITUS AMC |
| 9613846 | SITUS AMC |
| 9370622 | SITUS AMC |
| 9695011 | SITUS AMC |
| 9695071 | SITUS AMC |
| 9695079 | SITUS AMC |
| 9770045 | SITUS AMC |
| 9248351 | SITUS AMC |
| 9240812 | SITUS AMC |
| 9175080 | SITUS AMC |
| 9205047 | SITUS AMC |
| 9216086 | SITUS AMC |
| 9222256 | SITUS AMC |
| 9237053 | SITUS AMC |
| 9240381 | SITUS AMC |
| 9242932 | SITUS AMC |
| 9246580 | SITUS AMC |
| 9251605 | SITUS AMC |
| 9302476 | SITUS AMC |
| 9238986 | SITUS AMC |
| 9245558 | SITUS AMC |
| 9246561 | SITUS AMC |
| 9246559 | SITUS AMC |
| 9251072 | SITUS AMC |
| 9363334 | SITUS AMC |
| 9217323 | SITUS AMC |
| 9251423 | SITUS AMC |
| 9085426 | SITUS AMC |
| 9213013 | SITUS AMC |
| 9236116 | SITUS AMC |
| 9237982 | SITUS AMC |
| 9237986 | SITUS AMC |
| 9239474 | SITUS AMC |
| 9240758 | SITUS AMC |
| 9242934 | SITUS AMC |
| 9243133 | SITUS AMC |
| 9243125 | SITUS AMC |
| 9237476 | SITUS AMC |
| 9240367 | SITUS AMC |
| 9242734 | SITUS AMC |
| 9242918 | SITUS AMC |
| 9243931 | SITUS AMC |
| 9248890 | SITUS AMC |
| 9249833 | SITUS AMC |
| 9304164 | SITUS AMC |
| 9248312 | SITUS AMC |
| 9248314 | SITUS AMC |
| 9248315 | SITUS AMC |
| 9248316 | SITUS AMC |
| 9248318 | SITUS AMC |
| 9248319 | SITUS AMC |
| 9248329 | SITUS AMC |
| 9248332 | SITUS AMC |
| 9248334 | SITUS AMC |
| 9248336 | SITUS AMC |
| 9248343 | SITUS AMC |
| 9248347 | SITUS AMC |
| 9248353 | SITUS AMC |
| 9248356 | SITUS AMC |
| 9248364 | SITUS AMC |
| 9248367 | SITUS AMC |
| 9248372 | SITUS AMC |
| 9248373 | SITUS AMC |
| 9248374 | SITUS AMC |
| 9248378 | SITUS AMC |
| 9248385 | SITUS AMC |
| 9248811 | SITUS AMC |
| 9239632 | SITUS AMC |
| 9245481 | SITUS AMC |
| 9304783 | SITUS AMC |
| 9240836 | SITUS AMC |
| 9240799 | SITUS AMC |
| 9240839 | SITUS AMC |
| 9240842 | SITUS AMC |
| 9240821 | SITUS AMC |
| 9240877 | SITUS AMC |
| 9240834 | SITUS AMC |
| 9240879 | SITUS AMC |
| 9240807 | SITUS AMC |
| 9240843 | SITUS AMC |
| 9240824 | SITUS AMC |
| 9240867 | SITUS AMC |
| 9240800 | SITUS AMC |
| 9240813 | SITUS AMC |
| 9240825 | SITUS AMC |
| 9240819 | SITUS AMC |
| 9211461 | SITUS AMC |
| 9240437 | SITUS AMC |
| 9243127 | SITUS AMC |
| 9243932 | SITUS AMC |
| 9246560 | SITUS AMC |
| 9252094 | SITUS AMC |
| 9302646 | SITUS AMC |
| 9306934 | SITUS AMC |
| 9307572 | SITUS AMC |
| 9360752 | SITUS AMC |
| 9362512 | SITUS AMC |
| 9365753 | SITUS AMC |
| 9365752 | SITUS AMC |
| 9386000 | SITUS AMC |
| 9246552 | SITUS AMC |
| 9248887 | SITUS AMC |
| 9248880 | SITUS AMC |
| 9304159 | SITUS AMC |
| 9305594 | SITUS AMC |
| 9369927 | SITUS AMC |
| 9387901 | SITUS AMC |
| 9501901 | SITUS AMC |
| 9248288 | SITUS AMC |
| 9248337 | SITUS AMC |
| 9363394 | SITUS AMC |
| 9363395 | SITUS AMC |
| 9363398 | SITUS AMC |
| 9363402 | SITUS AMC |
| 9363404 | SITUS AMC |
| 9363406 | SITUS AMC |
| 9363409 | SITUS AMC |
| 9363414 | SITUS AMC |
| 9363417 | SITUS AMC |
| 9363422 | SITUS AMC |
| 9363427 | SITUS AMC |
| 9363440 | SITUS AMC |
| 9363445 | SITUS AMC |
| 9363455 | SITUS AMC |
| 9363463 | SITUS AMC |
| 9363470 | SITUS AMC |
| 9363478 | SITUS AMC |
| 9363484 | SITUS AMC |
| 9363496 | SITUS AMC |
| 9363506 | SITUS AMC |
| 9363512 | SITUS AMC |
| 9363513 | SITUS AMC |
| 9248369 | SITUS AMC |
| 9198436 | SITUS AMC |
| 9244024 | SITUS AMC |
| 9246358 | SITUS AMC |
| 9248883 | SITUS AMC |
| 9249333 | SITUS AMC |
| 9305607 | SITUS AMC |
| 9365750 | SITUS AMC |
| 9370947 | SITUS AMC |
| 9387900 | SITUS AMC |
| 9505077 | SITUS AMC |
| 9504096 | SITUS AMC |
| 9504298 | SITUS AMC |
| 9232862 | SITUS AMC |
| 9305769 | SITUS AMC |
| 9306943 | SITUS AMC |
| 9357507 | SITUS AMC |
| 9361682 | SITUS AMC |
| 9364716 | SITUS AMC |
| 9377567 | SITUS AMC |
| 9389018 | SITUS AMC |
| 9502469 | SITUS AMC |
| 9551469 | SITUS AMC |
| 9242938 | SITUS AMC |
| 9249302 | SITUS AMC |
| 9302477 | SITUS AMC |
| 9304161 | SITUS AMC |
| 9362516 | SITUS AMC |
| 9370272 | SITUS AMC |
| 9370950 | SITUS AMC |
| 9371247 | SITUS AMC |
| 9377811 | SITUS AMC |
| 9385975 | SITUS AMC |
| 9389601 | SITUS AMC |
| 9389745 | SITUS AMC |
| 9389515 | SITUS AMC |
| 9447579 | SITUS AMC |
| 9499052 | SITUS AMC |
| 9501892 | SITUS AMC |
| 9501982 | SITUS AMC |
| 9501867 | SITUS AMC |
| 9501882 | SITUS AMC |
| 9502464 | SITUS AMC |
| 9502479 | SITUS AMC |
| 9505070 | SITUS AMC |
| 9554846 | SITUS AMC |
| 9606829 | SITUS AMC |
| 9613794 | SITUS AMC |
| 9389396 | SITUS AMC |
| 9389413 | SITUS AMC |
| 9389416 | SITUS AMC |
| 9240822 | SITUS AMC |
| 9251266 | SITUS AMC |
| 9251315 | SITUS AMC |
| 9251412 | SITUS AMC |
| 9251418 | SITUS AMC |
| 9251432 | SITUS AMC |
| 9251470 | SITUS AMC |
| 9251472 | SITUS AMC |
| 9217394 | SITUS AMC |
| 9500010 | SITUS AMC |
| 9500013 | SITUS AMC |
| 9500015 | SITUS AMC |
| 9500016 | SITUS AMC |
| 9500018 | SITUS AMC |
| 9500019 | SITUS AMC |
| 9500020 | SITUS AMC |
| 9500023 | SITUS AMC |
| 9500024 | SITUS AMC |
| 9500028 | SITUS AMC |
| 9500032 | SITUS AMC |
| 9500033 | SITUS AMC |
| 9500036 | SITUS AMC |
| 9500038 | SITUS AMC |
| 9500039 | SITUS AMC |
| 9500044 | SITUS AMC |
| 9500047 | SITUS AMC |
| 9500054 | SITUS AMC |
| 9500055 | SITUS AMC |
| 9500056 | SITUS AMC |
| 9500061 | SITUS AMC |
| 9500063 | SITUS AMC |
| 9500066 | SITUS AMC |
| 9500074 | SITUS AMC |
| 9500079 | SITUS AMC |
| 9500087 | SITUS AMC |
| 9500091 | SITUS AMC |
| 9500093 | SITUS AMC |
| 9500101 | SITUS AMC |
| 9500110 | SITUS AMC |
| 9500118 | SITUS AMC |
| 9500120 | SITUS AMC |
| 9500126 | SITUS AMC |
| 9178822 | SITUS AMC |
| 9213079 | SITUS AMC |
| 9248889 | SITUS AMC |
| 9251966 | SITUS AMC |
| 9361868 | SITUS AMC |
| 9389648 | SITUS AMC |
| 9389522 | SITUS AMC |
| 9498137 | SITUS AMC |
| 9498130 | SITUS AMC |
| 9501881 | SITUS AMC |
| 9502526 | SITUS AMC |
| 9503111 | SITUS AMC |
| 9502695 | SITUS AMC |
| 9505069 | SITUS AMC |
| 9505072 | SITUS AMC |
| 9504093 | SITUS AMC |
| 9554500 | SITUS AMC |
| 9554507 | SITUS AMC |
| 9554450 | SITUS AMC |
| 9556902 | SITUS AMC |
| 9555231 | SITUS AMC |
| 9555007 | SITUS AMC |
| 9606153 | SITUS AMC |
| 9603398 | SITUS AMC |
| 9603551 | SITUS AMC |
| 9603594 | SITUS AMC |
| 9603397 | SITUS AMC |
| 9606143 | SITUS AMC |
| 9608463 | SITUS AMC |
| 9610533 | SITUS AMC |
| 9613791 | SITUS AMC |
| 9688380 | SITUS AMC |
| 9693580 | SITUS AMC |
| 9693588 | SITUS AMC |
| 9693847 | SITUS AMC |
| 9694782 | SITUS AMC |
| 9389390 | SITUS AMC |
| 9248375 | SITUS AMC |
| 9248806 | SITUS AMC |
| 9362274 | SITUS AMC |
| 9363396 | SITUS AMC |
| 9363399 | SITUS AMC |
| 9363416 | SITUS AMC |
| 9363426 | SITUS AMC |
| 9369925 | SITUS AMC |
| 9387705 | SITUS AMC |
| 9389516 | SITUS AMC |
| 9389528 | SITUS AMC |
| 9447578 | SITUS AMC |
| 9447130 | SITUS AMC |
| 9501889 | SITUS AMC |
| 9501883 | SITUS AMC |
| 9502461 | SITUS AMC |
| 9503294 | SITUS AMC |
| 9505065 | SITUS AMC |
| 9505066 | SITUS AMC |
| 9505080 | SITUS AMC |
| 9505078 | SITUS AMC |
| 9554641 | SITUS AMC |
| 9555010 | SITUS AMC |
| 9555088 | SITUS AMC |
| 9555080 | SITUS AMC |
| 9555009 | SITUS AMC |
| 9606149 | SITUS AMC |
| 9605993 | SITUS AMC |
| 9606836 | SITUS AMC |
| 9608469 | SITUS AMC |
| 9608294 | SITUS AMC |
| 9608456 | SITUS AMC |
| 9610946 | SITUS AMC |
| 9610933 | SITUS AMC |
| 9613075 | SITUS AMC |
| 9693722 | SITUS AMC |
| 9697868 | SITUS AMC |
| 9698252 | SITUS AMC |
| 9769301 | SITUS AMC |
| 9803301 | SITUS AMC |
| 9803302 | SITUS AMC |
| 9805312 | SITUS AMC |
| 9805424 | SITUS AMC |
| 9606082 | SITUS AMC |
| 9606085 | SITUS AMC |
| 9606088 | SITUS AMC |
| 9606089 | SITUS AMC |
| 9606091 | SITUS AMC |
| 9606097 | SITUS AMC |
| 9606098 | SITUS AMC |
| 9606102 | SITUS AMC |
| 9606115 | SITUS AMC |
| 9606117 | SITUS AMC |
| 9606119 | SITUS AMC |
| 9606120 | SITUS AMC |
| 9606124 | SITUS AMC |
| 9606129 | SITUS AMC |
| 9606130 | SITUS AMC |
| 9606132 | SITUS AMC |
| 9606136 | SITUS AMC |
| 9606137 | SITUS AMC |
| 9304238 | SITUS AMC |
| 9389692 | SITUS AMC |
| 9555140 | SITUS AMC |
| 9606152 | SITUS AMC |
| 9608461 | SITUS AMC |
| 9769236 | SITUS AMC |
| 9769251 | SITUS AMC |
| 9237054 | SITUS AMC |
| 9447455 | SITUS AMC |
| 9501896 | SITUS AMC |
| 9610727 | SITUS AMC |
| 9610729 | SITUS AMC |
| 9610730 | SITUS AMC |
| 9610731 | SITUS AMC |
| 9610735 | SITUS AMC |
| 9610738 | SITUS AMC |
| 9610739 | SITUS AMC |
| 9610741 | SITUS AMC |
| 9610744 | SITUS AMC |
| 9610745 | SITUS AMC |
| 9610753 | SITUS AMC |
| 9610759 | SITUS AMC |
| 9610761 | SITUS AMC |
| 9610765 | SITUS AMC |
| 9610769 | SITUS AMC |
| 9610771 | SITUS AMC |
| 9610777 | SITUS AMC |
| 9610779 | SITUS AMC |
| 9610784 | SITUS AMC |
| 9610785 | SITUS AMC |
| 9610792 | SITUS AMC |
| 9610798 | SITUS AMC |
| 9610804 | SITUS AMC |
| 9610805 | SITUS AMC |
| 9610806 | SITUS AMC |
| 9610809 | SITUS AMC |
| 9610815 | SITUS AMC |
| 9610821 | SITUS AMC |
| 9610823 | SITUS AMC |
| 9610827 | SITUS AMC |
| 9610828 | SITUS AMC |
| 9610831 | SITUS AMC |
| 9610836 | SITUS AMC |
| 9610837 | SITUS AMC |
| 9610840 | SITUS AMC |
| 9610842 | SITUS AMC |
| 9610848 | SITUS AMC |
| 9610849 | SITUS AMC |
| 9610852 | SITUS AMC |
| 9610855 | SITUS AMC |
| 9610858 | SITUS AMC |
| 9610859 | SITUS AMC |
| 9610860 | SITUS AMC |
| 9610862 | SITUS AMC |
| 9610863 | SITUS AMC |
| 9610865 | SITUS AMC |
| 9610866 | SITUS AMC |
| 9610867 | SITUS AMC |
| 9610868 | SITUS AMC |
| 9613790 | SITUS AMC |
| 9697705 | SITUS AMC |
| 9698162 | SITUS AMC |
| 9735214 | SITUS AMC |
| 9809514 | SITUS AMC |
| 9388167 | SITUS AMC |
| 9504095 | SITUS AMC |
| 9555499 | SITUS AMC |
| 9555497 | SITUS AMC |
| 9736685 | SITUS AMC |
| 9804555 | SITUS AMC |
| 9805453 | SITUS AMC |
| 9805314 | SITUS AMC |
| 9850312 | SITUS AMC |
| 9850315 | SITUS AMC |
| 9388168 | SITUS AMC |
| 9447894 | SITUS AMC |
| 9610786 | SITUS AMC |
| 9610793 | SITUS AMC |
| 9610794 | SITUS AMC |
| 9610813 | SITUS AMC |
| 9610818 | SITUS AMC |
| 9610829 | SITUS AMC |
| 9610830 | SITUS AMC |
| 9610841 | SITUS AMC |
| 9610844 | SITUS AMC |
| 9613839 | SITUS AMC |
| 9652901 | SITUS AMC |
| 9694491 | SITUS AMC |
| 9698259 | SITUS AMC |
| 9736684 | SITUS AMC |
| 9769306 | SITUS AMC |
| 9769308 | SITUS AMC |
| 9803306 | SITUS AMC |
| 9803919 | SITUS AMC |
| 9805452 | SITUS AMC |
| 9805455 | SITUS AMC |
| 9807838 | SITUS AMC |
| 9808761 | SITUS AMC |
| 9809934 | SITUS AMC |
| 9809944 | SITUS AMC |
| 9844712 | SITUS AMC |
| 9845831 | SITUS AMC |
| 9848689 | SITUS AMC |
| 9896324 | SITUS AMC |
| 9896325 | SITUS AMC |
| 9896334 | SITUS AMC |
| 9896368 | SITUS AMC |
| 9896373 | SITUS AMC |
| 9896387 | SITUS AMC |
| 9896401 | SITUS AMC |
| 9896417 | SITUS AMC |
| 9896442 | SITUS AMC |
| 9363370 | SITUS AMC |
| 9555319 | SITUS AMC |
| 9652900 | SITUS AMC |
| 9698581 | SITUS AMC |
| 9805250 | SITUS AMC |
| 9809937 | SITUS AMC |
| 9855424 | SITUS AMC |
| 9861429 | SITUS AMC |
| 9861661 | SITUS AMC |
| 9862238 | SITUS AMC |
| 9251957 | SITUS AMC |
| 9377815 | SITUS AMC |
| 9603595 | SITUS AMC |
| 9693842 | SITUS AMC |
| 9698582 | SITUS AMC |
| 9732669 | SITUS AMC |
| 9733850 | SITUS AMC |
| 9804489 | SITUS AMC |
| 9808753 | SITUS AMC |
| 9843817 | SITUS AMC |
| 9845724 | SITUS AMC |
| 9848349 | SITUS AMC |
| 9850313 | SITUS AMC |
| 9851573 | SITUS AMC |
| 9855034 | SITUS AMC |
| 9854917 | SITUS AMC |
| 9856752 | SITUS AMC |
| 9856870 | SITUS AMC |
| 9858026 | SITUS AMC |
| 9861411 | SITUS AMC |
| 9862202 | SITUS AMC |
| 9862197 | SITUS AMC |
| 9896650 | SITUS AMC |
| 9915650 | SITUS AMC |
| 9951056 | SITUS AMC |
| 9953395 | SITUS AMC |
| 9954310 | SITUS AMC |
| 9953633 | SITUS AMC |
| 9954298 | SITUS AMC |
| 9363449 | SITUS AMC |
| 9085453 | SITUS AMC |
| 9363504 | SITUS AMC |
| 9363486 | SITUS AMC |
| 9363490 | SITUS AMC |
| 9363502 | SITUS AMC |
| 9363491 | SITUS AMC |
| 9363401 | SITUS AMC |
| 9363444 | SITUS AMC |
| 9363479 | SITUS AMC |
| 9363482 | SITUS AMC |
| 9363489 | SITUS AMC |
| 9363495 | SITUS AMC |
| 9363501 | SITUS AMC |
| 9304777 | SITUS AMC |
| 9497901 | SITUS AMC |
| 9610789 | SITUS AMC |
| 9610824 | SITUS AMC |
| 9502480 | SITUS AMC |

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