# EDGAR Filing Document

**Accession Number:** 0001599342
**File Stem:** 0001193125-25-266536
**Filing Date:** 2025-11
**Character Count:** 704879
**Document Hash:** a7a8cfccc7f1f334e7f834d7b7fe5496
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-266536.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001193125-25-266536

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

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20251105

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

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

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

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01521
- **FILM NUMBER:** 251453299

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

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

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

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

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

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

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

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

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

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

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

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

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM ABS-15G** 

**ASSET-BACKED SECURITIZER** 

**REPORT PURSUANT TO SECTION 15G OF** 

**THE SECURITIES EXCHANGE ACT OF 1934** 

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

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

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

**Commission File Number of securitizer:<u> </u>** 

**Central Index Key Number of securitizer:** 

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

**contact in connection with this filing.** 

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

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

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

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

Central Index Key Number of securitizer: 0001599342

## PMT Loan Trust 2025-J4
**(Exact name of issuing entity as specified in its charter)** 

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

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

**Chris White** 

**(805) 530-5829** 

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

**contact in connection with this filing** 

------

**PART I: REPRESENTATION AND WARRANTY INFORMATION** 

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

N/A

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

N/A

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

N/A

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

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

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

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

N/A

------

**EXHIBIT INDEX** 

---

| | |
|:---|:---|
| 99.1 | [Clayton Services LLC ("Clayton") Due Diligence Narrative Report](d72561dex991.htm) |
| 99.2 | [Clayton Conditions Report](d72561dex992.htm) |
| 99.3 | [Clayton Rating Agency ATR QM Data Fields](d72561dex993.htm) |
| 99.4 | [Clayton Loan Level Tape Compare Upload](d72561dex994.htm) |
| 99.5 | [Clayton Valuations Summary](d72561dex995.htm) |
| 99.6 | [AMC Diligence, LLC ("AMC") Due Diligence Executive Summary](d72561dex996.htm) |
| 99.7 | [AMC Data Compare Report](d72561dex997.htm) |
| 99.8 | [AMC Exception Grades](d72561dex998.htm) |
| 99.9 | [AMC Rating Agency Grades](d72561dex999.htm) |
| 99.1 | [AMC Valuation Report](d72561dex9910.htm) |

---

------

**SIGNATURES** 

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

---

| | |
|:---|:---|
| PennyMac Corp. | PennyMac Corp.<br>(Securitizer) |
| Date | November 5, 2025 |
| /s/ Daniel S. Perotti | /s/ Daniel S. Perotti<br> (Signature) |
| By: | Daniel S. Perotti |
| Title: | Senior Managing Director and Chief Financial Officer |

---

## Exhibit 99.1

**EXHIBIT 99.1** 

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

------

![LOGO](g72561g27x92.jpg)

![LOGO](g72561g15i24.jpg)

![LOGO](g72561g99x96.jpg)

**October 30, 2025**<br>**Due Diligence Narrative Report**<br>

------

![LOGO](g72561g0923075813914.jpg)

**TABLE OF CONTENTS**

---

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

---

PMT Loan Trust 2025-J4 Page \| 1 October 30, 2025

------

![LOGO](g72561g0923075813914.jpg)

**CLAYTON CONTACT INFORMATION** 

Client Service Management:

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

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

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

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

**OVERVIEW** 

On behalf of PennyMac Corp. ("PennyMac"), Clayton conducted an independent third-party pre-securitization due diligence review of 121 residential loans selected for the PMT Loan Trust 2025-J4 transaction. The loans referenced in this narrative report were reviewed on a bulk basis between September 2025 and October 2025. This narrative report provides information about the original lenders, the scope of work performed by Clayton, and the results of Clayton's review.

**ORIGINATORS** 

Origination channels for the loans in this review:

---

| | | |
|:---|:---|:---|
| **Origination Channel** | **Loan Count** | **Percentage** |
|  Broker | 8 | 6.61% |
|  Correspondent Flow with delegated underwriting | 113 | 93.39% |
|  **Total** | **121** | **100.00%** |

---

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

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

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

PMT Loan Trust 2025-J4 Page \| 2 October 30, 2025

------

![LOGO](g72561g0923075813914.jpg)

**SAMPLING** 

Upon receipt of Asset Tape, Diligence provider randomly selected 121 Purchased Mortgage loans listed thereon, excluding Wet Loans. 100% of the loans received a Full Review as described below.

Review Type Loan Counts:

---

| | | |
|:---|:---|:---|
| *Review Type* | *Loan Count*<br> *Reviewed by Clayton* | *Scope Applied* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Full Review** | 121 | Clayton performed a Full Review based on the scope described below in the section titled "TPR Component Review Scope". |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Loan Population** | 121 |  |

---

**SPONSOR ACQUISITION CRITERIA** 

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

**LOAN GRADING** 

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

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

![LOGO](g72561g03f65.jpg)

PMT Loan Trust 2025-J4 Page \| 3 October 30, 2025

------

![LOGO](g72561g0923075813914.jpg)

**TPR COMPONENT REVIEW SCOPE** 

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

CREDIT REVIEW

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

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

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

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

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

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

PROPERTY VALUATION REVIEW

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Original Appraisal Assessment (121 loans)

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Value Supported Analysis (121 loans)

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

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

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

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

For further detail please refer to the PMTLT 2025-J4 Valuations Summary Report

REGULATORY COMPLIANCE REVIEW

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

Clayton utilized its proprietary eCLAS engine for regulatory compliance testing.

PMT Loan Trust 2025-J4 Page \| 4 October 30, 2025

------

![LOGO](g72561g0923075813914.jpg)

The scope of the compliance review performed is summarized below:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2025-J4 Page \| 5 October 30, 2025

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![LOGO](g72561g0923075813914.jpg)

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

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

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

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

State and Federal High Cost and Higher-Priced:

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

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

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

Anti-predatory lending laws

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

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

Prepayment Penalties and Late Charges in certain states

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

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

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

**DATA INTEGRITY** 

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

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

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

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

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

**DATA CAPTURE** 

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

PMT Loan Trust 2025-J4 Page \| 6 October 30, 2025

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![LOGO](g72561g0923075813914.jpg)

**DATA COMPARE RESULTS** 

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

Summary of data compare results:

---

| | | |
|:---|:---|:---|
| **Field Name** | **#** | **Accuracy %** |
|  Appraisal Form Type | 4 | 96.69% |
|  AUS Grade Audit | 27 | 77.69% |
|  Borrower 1 Self Employed Flag | 3 | 97.52% |
|  Borrower 1 Total Income | 3 | 97.52% |
|  Borrower 2 Last Name | 2 | 98.35% |
|  Cash Reserves | 102 | 15.70% |
|  Credit Report Date | 4 | 96.69% |
|  Debt to Income Ratio (Back) | 7 | 94.21% |
|  Disbursement Date | 5 | 95.87% |
|  Loan Purpose | 1 | 99.17% |
|  Original Appraisal Date | 3 | 97.52% |
|  Original Appraised Value | 1 | 99.17% |
|  Origination Channel | 9 | 92.56% |
|  Property City | 1 | 99.17% |
|  Property Street Address | 1 | 99.17% |
|  Property Type | 4 | 96.69% |
|  Representative Credit Score for Grading | 1 | 99.17% |
|  Sales Price | 1 | 99.17% |

---

PMT Loan Trust 2025-J4 Page \| 7 October 30, 2025

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![LOGO](g72561g0923075813914.jpg)

**CLAYTON DUE DILIGENCE RESULTS** 

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

**Initial and Final Overall Loan Grade Results** 

<u>Loan Pool (121 loans)</u>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** |
|  | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** |  | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 69 |  | 13 | 20 | **102** |
| **Final** | **B** |  | 10 | 3 | 6 | **19** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **69** | **10** | **16** | **26** | **121** |

---

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

**Initial and Final Credit Component Grade Results** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Credit Grade Migration** | **Credit Grade Migration** | **Credit Grade Migration** | **Credit Grade Migration** | **Credit Grade Migration** | **Credit Grade Migration** |
|  | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** |  | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 104 |  | 4 | 11 | **119** |
| **Final** | **B** |  | 2 |  |  | **2** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **104** | **2** | **4** | **11** | **121** |

---

**Initial and Final Property Valuation Grade Results** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** | **Property Valuation Grade Migration** |
|  | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** |  | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 104 |  | 3 | 14 | **121** |
| **Final** | **B** |  |  |  |  | **0** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **104** | **0** | **3** | **14** | **121** |

---

**Initial and Final Regulatory Compliance Grade Results** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Compliance Grade Migration** | **Compliance Grade Migration** | **Compliance Grade Migration** | **Compliance Grade Migration** | **Compliance Grade Migration** | **Compliance Grade Migration** |
|  | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** |  | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 90 |  | 9 | 5 | **104** |
| **Final** | **B** |  | 9 | 5 | 3 | **17** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **90** | **9** | **14** | **8** | **121** |

---

PMT Loan Trust 2025-J4 Page \| 8 October 30, 2025

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![LOGO](g72561g0923075813914.jpg)

**CLAYTON THIRD PARTY REPORTS DELIVERED** 

Clayton furnished the following reports on this transaction:

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2025-J4 Page \| 9 October 30, 2025

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![LOGO](g72561g0923075813914.jpg)

**APPENDIX A: CREDIT REVIEW SCOPE** 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2025-J4 Page \| 11 October 30, 2025

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![LOGO](g72561g0923075813914.jpg)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2025-J4 Page \| 12 October 30, 2025

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![LOGO](g72561g0923075813914.jpg)

**APPENDIX B: ORIGINATION APPRAISAL ASSESSMENT** 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2025-J4 Page \| 13 October 30, 2025

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![LOGO](g72561g0923075813914.jpg)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2025-J4 Page \| 14 October 30, 2025

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

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

F. Disclaimer

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

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

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

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

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

G. Desk Review definitions

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

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

PMT Loan Trust 2025-J4 Page \| 15 October 30, 2025

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![LOGO](g72561g0923075813914.jpg)

**APPENDIX C: REGULATORY COMPLIANCE REVIEW SCOPE** 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2025-J4 Page \| 16 October 30, 2025

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![LOGO](g72561g0923075813914.jpg)

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

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

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

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

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

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

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

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

---

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

---

PMT Loan Trust 2025-J4 Page \| 17 October 30, 2025

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![LOGO](g72561g0923075813914.jpg)

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

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

---

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

---

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

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

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

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

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

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

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

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

---

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

---

PMT Loan Trust 2025-J4 Page \| 18 October 30, 2025

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![LOGO](g72561g0923075813914.jpg)

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

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

---

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

---

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

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

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

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

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

PMT Loan Trust 2025-J4 Page \| 19 October 30, 2025

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![LOGO](g72561g0923075813914.jpg)

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

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

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

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

PMT Loan Trust 2025-J4 Page \| 20 October 30, 2025

## Exhibit 99.2

**EXHIBIT 99.2** 

**CLAYTON CONDITIONS REPORT** 

------

---

| | |
|:---|:---|
| **Client Name:** |  |
| **Client Project Name:** | **PNMAC PMTLT 2025** |
| *Report Run Date:* | *11/3/2025 12:43 PM* |
| **Conditions Report 2.0** |  |
| ***Loans in Report:*** | *121* |
| ***Loans with Conditions:*** | *56* |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**16 - Total Active Conditions** | |
| **16 - Non-Material Conditions** | **16 - Non-Material Conditions** |
| 2 - Credit Review Scope | 2 - Credit Review Scope |
|  | 1 - Category: DTI |
|  | 1 - Category: Income/Employment |
| 14 - Compliance Review Scope | 14 - Compliance Review Scope |
|  | 14 - Category: RESPA |
| &nbsp;&nbsp;&nbsp;**69 - Total Satisfied Conditions** | &nbsp;&nbsp;&nbsp;**69 - Total Satisfied Conditions** |
| 16 - Credit Review Scope | 16 - Credit Review Scope |
|  | 2 - Category: Assets |
|  | 1 - Category: Credit/Mtg History |
|  | 5 - Category: DTI |
|  | 3 - Category: Income/Employment |
|  | 2 - Category: Insurance |
|  | 1 - Category: Legal Documents |
|  | 2 - Category: Terms/Guidelines |
| 21 - Property Valuations Review Scope | 21 - Property Valuations Review Scope |
|  | 17 - Category: Appraisal |
|  | 3 - Category: FEMA |
|  | 1 - Category: Value |
| 32 - Compliance Review Scope | 32 - Compliance Review Scope |
|  | 7 - Category: Ability to Repay/Qualified Mortgage |
|  | 1 - Category: Federal Consumer Protection |
|  | 1 - Category: Right of Rescission |
|  | 1 - Category: State Consumer Protection |
|  | 22 - Category: TILA/RESPA Integrated Disclosure |
| &nbsp;&nbsp;&nbsp;**0 - Total Waived Conditions** |  |

---

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

------

---

| | |
|:---|:---|
| **Client Name:** |  |
| **Client Project Name:** | **PNMAC PMTLT 2025-J4** |
|  *Report Run Date:* | *11/3/2025 12:43 PM* |
| **Conditions Report 2.0** |  |
| ***Loans in Report:*** | *121* |
| ***Loans with Conditions:*** | *56* |

---

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Please<br>provide<br>missing<br>Affiliated<br>Business<br>Disclosure. | (No Data) | (No Data) | (No Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 42.83% is below Guidelines maximum of 50%.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 68% is below Guidelines maximum of 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 801 exceeds Guidelines minimum of 720. | Complete |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3670 | TRID - Zero<br>tolerance fee<br>or fees<br>increased at or<br>prior to<br>closing<br>without a<br>valid reason<br>or not timely<br>disclosed;<br>refund<br>required<br>within 60<br>days of<br>consummation | No | $9164.70<br>zero<br>tolerance due<br>to added<br>Loan<br>Amount<br>Points<br>without a<br>valid CoC.<br>Requires<br>CoC, or<br>corrected<br>PCCD, copy<br>of refund<br>check, LOX<br>and<br>verification<br>of shipping. | 09.19.2025<br>- COC<br>provided. | 09.19.2025<br>-Exception<br>satisfied | (No Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 42.83% is below Guidelines maximum of 50%.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 68% is below Guidelines maximum of 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 801 exceeds Guidelines minimum of 720. | Complete |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Credit | Insurance | Satisfied C A | CRDINSR5351 | Insurance<br>Effective date<br>is greater than<br>the transaction<br>date | No | Loan closing<br>and<br>disbursement<br>date is XXX,<br>homeowners<br>policy<br>provided has<br>an effective<br>date of<br>2/28/2025.<br>Provide<br>updated/<br>revised<br>homeowners<br>insurance<br>policy with<br>an effective<br>date of<br>XXX. | 9/18/2025:<br>Received<br>HOI with<br>previous<br>policy<br>period<br>XXX-<br>XXX. | 9/18/2025:<br>Exception<br>satisfied. | Not<br>Applicable | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 42.83% is below Guidelines maximum of 50%.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 68% is below Guidelines maximum of 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 801 exceeds Guidelines minimum of 720. | Complete |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Credit | Terms/<br>Guidelines | Satisfied D A | CRDTER2548 | Missing AUS<br>or AUS errors<br>present | No | AUS (DU)

# 15 dated<br>2/20/2025,<br>casefile ID<br>XXX is<br>broken into<br>two separate<br>attachments<br>and<br>incomplete<br>with<br>Underwriting<br>Analysis<br>Report<br>missing.<br>Provide full<br>and complete<br>AUS. | 9/18/2025:<br>Received<br>all pages<br>of DU #15<br>run<br>2/20/2025. | 9/18/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 42.83% is below Guidelines maximum of 50%.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 68% is below Guidelines maximum of 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 801 exceeds Guidelines minimum of 720. | Complete |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B C | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU/LCA<br>score 4.0.<br>Clayton to<br>order Desk<br>Review. | 9/11/2025:<br>Received<br>AVM<br>supporting<br>value. FSD<br>14. | 9/11/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 42.83% is below Guidelines maximum of 50%.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 68% is below Guidelines maximum of 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 801 exceeds Guidelines minimum of 720. | Complete |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR5355 | Most recent<br>FSD score<br>outside of<br>approved<br>variance | No | 9/11/2025:<br>Exception<br>fired after<br>review of<br>trailing<br>docs:<br>Received<br>AVM<br>supporting<br>value. FSD<br>14. Highest<br>allowed<br>FSD 13. | 9/18/2025:<br>Received<br>Desk<br>Review<br>supporting<br>value. | 9/18/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 42.83% is below Guidelines maximum of 50%.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 68% is below Guidelines maximum of 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 801 exceeds Guidelines minimum of 720. | Complete |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: B1 has been XXX for 21 years 4 months.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: $4,281,159.25 Verified. CTC: $256,554.70. Post-Closing Assets: $4,024,604.55 — $23,533.95 3 months PITIA reserves required = $4,001,070.60/$7,844.65 PITIA on subject = $510.03 additional months reserves. | Complete |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Assets | Satisfied D A | CRDAST2670 | Asset<br>documentation<br>is insufficient<br>per guideline<br>requirements | No | Provide<br>proof Bridge<br>Loans funds<br>were<br>disbursed to<br>cover<br>closing<br>costs.<br>Approval<br>and<br>Promissory<br>Note are in<br>the file for<br>$XXX. | 9/24/2025:<br>Received<br>Final CD<br>for Bridge<br>loan.<br>Funds<br>disbursed<br>matches<br>credit on<br>PCCD. | 9/24/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 780 median FICO. Minimum required 700.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $295,720.48 in post closing reserves or 27.85 months PITI.Three months reserves required $10,615 X 3 = $31,845.00.<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 18 years on current job | Complete |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Credit | Assets | Satisfied C A | CRDAST3036 | Assets reflect<br>unsourced<br>deposits | No | Large<br>deposit of<br>$102,441.15<br>on<br>5/12/2025 to<br>XXX acct<br>ending<br>\*XXX is not<br>conclusively<br>documented.<br>There is a<br>statement<br>and email<br>request to<br>liquidate<br>XXX<br>account, but<br>there is no<br>evidence<br>matching<br>the large<br>deposit<br>amount. | 9/25/2025:<br>Received<br>SOF for<br>deposit. | 9/25/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 47.10 is below Guidelines 50% maximum.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 80% is below Guidelines 89.99% maximum.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 793 exceeds Guidelines minimum of 700. | Complete |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | XXXXXX | IL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D | Compliance | State<br>Consumer<br>Protection | Satisfied D A | CMPSTCP2057 | Illinois Pred<br>Lend<br>Database - No<br>Cert of<br>Compliance or<br>Cert of<br>Exemption in<br>file | No | Illinois Pred<br>Lend<br>Database -<br>No Cert of<br>Compliance<br>or Cert of<br>Exemption<br>in file | 9/26/2025:<br>Received<br>IL Anti-<br>Predatory<br>Lending<br>Database<br>doc. | 9/26/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has significant time at current job, 5 years 10 months.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified cash reserves $$794,911.69. Required reserves $33,946.56<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 765 FICO score. Minimum required 700. | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3552 | TRID - Loan<br>Estimate not<br>timely | No | Initial<br>application<br>was taken<br>XXX, initial<br>LE in file was<br>not issued until<br>XXX. File also<br>shows SSPL<br>dated XXX on<br>page 1278 of<br>PDF. Greater<br>than the<br>required 3<br>days. | 09.19.205 -<br>Initial LE XXX<br>provided. | 09.19.2025 -<br>Exception satisfied (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV 80%. Max 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score 717. Minimum required 700<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $1,571,115.37 or 141.48 months. Required $11,105.04 x 3= $33,315.12 | Complete |
| &nbsp;&nbsp;&nbsp;15 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3552 | TRID - Loan<br>Estimate not<br>timely | No | Initial<br>application<br>was taken<br>XXX, the<br>initial LE was<br>not issued until<br>XXX greater<br>than the<br>required 3<br>days. | 09.30.2025 -<br>Disclosure<br>tracking<br>received stating<br>an LE was<br>issued XXX<br>however we are<br>missing it.<br>Please provided<br>missing LE<br>issued<br>XXX.10.6.2025<br>- LE XXX<br>received. | 09.30.2025 -<br>Exception<br>remains10.06.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit Score 796. Minimum required 700<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: B2 has been in the same profession for 16 years<br> CFCFS1736: Significant time at current residence<br> - Clayton Comments: The borrowers have been at the current residence over 7 years<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post closing assets $1,134,748.71 or 162.71 months PITI. Require PITI Reserves are $6,972.95 x3= $20,918.85 | Complete |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3670 | TRID - Zero<br>tolerance fee<br>or fees<br>increased at or<br>prior to<br>closing<br>without a<br>valid reason<br>or not timely<br>disclosed;<br>refund<br>required<br>within 60<br>days of<br>consummation | No | Need evidence<br>of change of<br>circumstances<br>letter for Zero<br>tolerance,<br>(Appraisal<br>Rent Schedule/<br>1007) increase,<br>or a copy of a<br>refund check<br>in the amount<br>of $150.00.<br>Letter of<br>explanation,<br>corrected<br>Closing<br>Disclosure,<br>refund, proof<br>of delivery<br>within 60 days<br>of<br>consummation. | 09.19.2025 -<br>COC Provided | 09.19.2025 -<br>Exception satisfied (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession<br> - Clayton Comments: Borrower has 21 years at current profession.<br> CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrower has 6 years at current profession.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Qualifying LTV 80.00% below program maximum 89.99%. | Complete |
| &nbsp;&nbsp;&nbsp;3 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Provide<br>Affiliate<br>Business<br>Disclosure. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 770 FICO score. Minimum required 740.<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has successfully XXX and XXX the current business for 10 years. | Complete |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D C | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA - Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the loan<br>file is missing<br>documents to<br>complete the<br>ATR/QM<br>review and<br>render an<br>accurate ATR/<br>QM status. | No | Missing<br>verification of<br>subject tax<br>expense of<br>$2,082.67 used<br>to qualify. | 9/29/2025:<br>After further<br>review, lender<br>used 2.24% of<br>sales price to<br>estimate tax<br>escrow. | 9/29/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets $31,923.03 or 4.10 months PITIA. Required reserves $23,354.40.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Qualifying LTV is 80% and below guideline maximum 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 770 is 70 points above minimum program requirement of 700. | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A C | Property<br>Valuations | FEMA | Satisfied C A | PRVAFEMA858 | Natural<br>Disaster Area,<br>no subsequent<br>inspection<br>(Individual &<br>Public) | No | FEMA<br>Declaration for<br>XXX XXX<br>and appraisal<br>date 5.16.25.<br>PDI to be<br>ordered by<br>Clayton. | 9/24/2025:<br>Received<br>clear PDI<br>report dated<br>9/23/2025. | 9/24/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets $31,923.03 or 4.10 months PITIA. Required reserves $23,354.40.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Qualifying LTV is 80% and below guideline maximum 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 770 is 70 points above minimum program requirement of 700. | Complete |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | XXXXXX | AR | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Compliance | Right of<br>Rescission | Satisfied B | CMPROR2043 | Cannot<br>determine if<br>funding date is<br>after rescission<br>period | No | ROR is<br>missing from<br>the file | 10/13/2025:<br>Received<br>Mortgage<br>showing<br>Construction<br>loan. This is<br>a Const-to-<br>Perm loan.<br>No ROR<br>required. | 10/13/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit Score of 775 is 75 points above minimum program requirement of 700<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: ltv is 70 guidelines allow 79.99%<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower has $10439.20 in reserves or 9 months pitia which is higher than guideline minimum | Complete |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | XXXXXX | AR | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3658 | TRID -<br>Corrected CD<br>should have<br>been provided;<br>APR is greater<br>than APR 3<br>business days<br>prior to closing<br>by more than<br>allowable<br>tolerance | No | APR on initial<br>CD XXX is<br>6.698%. APR<br>on final CD is<br>7.014%. APR<br>increased<br>0.319%. This<br>increase is due<br>to the change<br>in loan amount<br>from $XXX<br>and rate of<br>6.50% on CD<br>XXX to a loan<br>amount of<br>$XXX and rate<br>of 7% on CD<br>XXX and CD<br>XXX.Borrower<br>1 e signed CD<br>XXX on XXX.<br>Since you<br>cannot count<br>Sunday, in<br>order to close<br>on the XXX<br>the borrowers<br>needed to have<br>documented<br>confirmation of<br>receipt on the<br>XXX. This can<br>be done with<br>affirmative<br>statement such<br>as an e-mail<br>confirmation<br>by the<br>borrower or a<br>tracking<br>showing that<br>the one that<br>signed it on the<br>XXX actually<br>did open it/<br>receive it on<br>the XXX and<br>just did not<br>sign off until<br>the next day. | 09.29.2025-<br>Tracking<br>provided. 3<br>days<br>observed. | 09.29.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit Score of 775 is 75 points above minimum program requirement of 700<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: ltv is 70 guidelines allow 79.99%<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower has $10439.20 in reserves or 9 months pitia which is higher than guideline minimum | Complete |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | XXXXXX | AR | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A C | Credit | Income/<br>Employment | Satisfied D A | CRDINC3204 | Income<br>Documentation<br>Missing | No | Provide 2024<br>Form 4868 to<br>verify<br>extension filed<br>or provide<br>2024 1040s<br>and 1120-S. | 9/29/2025:<br>Received<br>doc to show<br>all of AR<br>has tax relief<br>auto<br>extension<br>filed until<br>11/3/2025. | 9/29/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit Score of 775 is 75 points above minimum program requirement of 700<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: ltv is 70 guidelines allow 79.99%<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower has $10439.20 in reserves or 9 months pitia which is higher than guideline minimum | Complete |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3618 | TRID -<br>Corrected CD<br>should have<br>been provided;<br>Change of<br>Product or<br>Product<br>Feature not<br>disclosed at<br>least 3<br>business days<br>prior to closing | No | Only CD in file<br>issued XXX<br>Signed XXX.<br>Per mailbox<br>rule earliest<br>transaction<br>date is XXX.<br>Loan closed<br>XXX. Please<br>provide initial<br>CD dated 3<br>days prior to<br>consummation<br>date of XXX. | 09.29.2025 -<br>Initial CD<br>provided. | 09.29.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has been with employer for 24 years.<br> CFCFS2860: Good credit history<br> - Clayton Comments: Borrowers have no history of derogatory or delinquent accounts.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 80.00% below the 89.99% maximum per guidelines.<br> CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years<br> - Clayton Comments: Borrowers have had no delinquent or derogatory mortgage history in the past 2 years. | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3626 | TRID - CD:<br>Loan<br>consummated<br>before end of<br>waiting<br>period | No | Only CD in<br>file issued<br>XXX Signed<br>XXX. Per<br>mailbox rule<br>earliest<br>transaction<br>date is XXX.<br>Loan closed<br>XXX. Please<br>provide initial<br>CD dated 3<br>days prior to<br>consummation<br>date of XXX. | 09.29.2025<br>— Initial<br>CD<br>provided. | 09.29.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has been with employer for 24 years.<br> CFCFS2860: Good credit history<br> - Clayton Comments: Borrowers have no history of derogatory or delinquent accounts.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 80.00% below the 89.99% maximum per guidelines.<br> CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years<br> - Clayton Comments: Borrowers have had no delinquent or derogatory mortgage history in the past 2 years. | Complete |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3662 | TRID -<br>Corrected<br>CD should<br>have been<br>provided;<br>APR is less<br>than APR<br>three<br>business days<br>prior to<br>closing by<br>more than<br>allowable<br>tolerance | No | Only CD in<br>file issued<br>XXX Signed<br>XXX. Per<br>mailbox rule<br>earliest<br>transaction<br>date is XXX.<br>Loan closed<br>XXX. Please<br>provide initial<br>CD dated 3<br>days prior to<br>consummation<br>date of XXX | 09.29.2025<br>— Initial<br>CD<br>provided. | 09.29.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has been with employer for 24 years.<br> CFCFS2860: Good credit history<br> - Clayton Comments: Borrowers have no history of derogatory or delinquent accounts.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 80.00% below the 89.99% maximum per guidelines.<br> CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years<br> - Clayton Comments: Borrowers have had no delinquent or derogatory mortgage history in the past 2 years. | Complete |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3618 | TRID -<br>Corrected<br>CD should<br>have been<br>provided;<br>Change of<br>Product or<br>Product<br>Feature not<br>disclosed at<br>least 3<br>business days<br>prior to<br>closing | No | No<br>Confirmation<br>of Reciept of<br>Initial CD<br>Dated XXX at<br>least 3 days<br>prior to<br>Consummation<br>Date XXX.<br>Please provide<br>Confirmation<br>of Receipt of<br>Initial CD. | 10.6.2025<br>CD<br>tracking<br>received. | 10.6.2025<br>—<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: Borrower has 48 months mortgage payment history 0x30.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 731 is 31 points above minimum program requirement of 700.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower has post closing assets of $83,465.25 or 11.55 months of PITIA. | Complete |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3626 | TRID - CD:<br>Loan<br>consummated<br>before end of<br>waiting<br>period | No | No<br>Confirmation<br>of Reciept of<br>Initial CD<br>Dated XXX at<br>least 3 days<br>prior to<br>Consummation<br>Date XXX.<br>Please provide<br>Confirmation<br>of Receipt of<br>Initial CD. | 10.6.2025<br>CD<br>tracking<br>received. | 10.6.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: Borrower has 48 months mortgage payment history 0x30.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 731 is 31 points above minimum program requirement of 700.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower has post closing assets of $83,465.25 or 11.55 months of PITIA. | Complete |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D | Credit | Terms/<br>Guidelines | Satisfied D A | CRDTER2548 | Missing AUS<br>or AUS<br>errors present | No | AUS(LP)<br>excluded FL<br>$3,450.00<br>rental/housing<br>payment<br>causing lower<br>DTI at 28%,<br>while DTI is<br>36.18% with<br>rental payment<br>included.<br>Provide<br>updated AUS<br>reflecting<br>accurate DTI<br>with this<br>payment<br>included. | 9/24/2025:<br>Received<br>updated<br>LP with<br>36% DTI<br>Accept/<br>Eligible. | 9/24/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 36.18% is below Guidelines maximum of 50%.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 80% is below Guidelines maximum of 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 751 exceeds Guidelines minimum of 700. | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error Type** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | XXXXXX | MO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C B | CMPTRID3966 | TRID - CD:<br>The Will Not<br>Have an<br>Escrow<br>Account in<br>the CD Loan<br>Disclosures<br>section is<br>selected and<br>both or neither<br>of You<br>declined it<br>and/or Your<br>lender does<br>not offer one<br>are selected | No | Final CD<br>XXX; Loan<br>Disclosures no<br>escrow Box<br>was not<br>checked; both<br>or neither of<br>You declined<br>it and/or Your<br>lender does<br>not offer one<br>are selected | 09.29.2025<br>— PCCD<br>received<br>with<br>selection | 09.29.2025<br>-Exception<br>satisfied | Non-Numeric | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Guideline credit score is 700; borrowers' mid score is 786.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Guidelines require 3 months PITIA reserves or $26,967.30; verified cash reserves of $383,069.94 or 42.62 months PITIA.<br> CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: Borrowers have 0x30 for the last 61 months. | Complete |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3670 | TRID - Zero<br>tolerance fee<br>or fees<br>increased at or<br>prior to<br>closing<br>without a<br>valid reason<br>or not timely<br>disclosed;<br>refund<br>required<br>within 60<br>days of<br>consummation | No | Need evidence<br>of change of<br>circumstances<br>letter for Zero<br>tolerance,<br>(Transfer<br>Taxes<br>Aggregate<br>$4.18)(Title -<br>Lenders Title<br>Insurance<br>$1.78)<br>increase, or a<br>copy of a<br>refund check<br>in the amount<br>of $5.96 | 09.29.2025-<br>COC<br>provided. | 09.29.2025<br>-Exception<br>satisfied | (No Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has been with current employer for 15 years.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 765 credit score exceeds guideline minimum of 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 80% LTV is below guideline maximum of 89.99%. | Complete |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B C A | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA - Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the loan<br>file is missing<br>documents to<br>complete the<br>ATR/QM<br>review and<br>render an<br>accurate ATR/<br>QM status. | No | Undisclosed<br>debt not<br>addressed<br>from XXX

#XXX asset<br>statement 5/2:<br>XXX Rent<br>Pmt $4,150.<br>Lender to<br>provide<br>documentation<br>supporting the<br>dismissal of<br>the<br>undisclosed<br>debt. | 9/24/2025:<br>Received<br>XXX Bank<br>mtg stmnt<br>showing<br>$3,746.79<br>PITI paid<br>plus<br>$403.21<br>additional<br>toward<br>principal,<br>totaling<br>$4,150.<br>PITI is<br>already in<br>DTI. | 9/24/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS2860: Good credit history<br> - Clayton Comments: Borrowers have no history of derogatory payments.<br> CFCFS5269: Minimal use of credit<br> - Clayton Comments: Borrower has a credit ratio utilization of 1%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Qualifying FICO of 797 exceeds minimum requirement of 700. | Complete |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B C A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing | (No Data) | (No Data) | (No Data) | Not<br>Applicable | CFCFS2860: Good credit history<br> - Clayton Comments: Borrowers have no history of derogatory payments.<br> CFCFS5269: Minimal use of credit<br> - Clayton Comments: Borrower has a credit ratio utilization of 1%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Qualifying FICO of 797 exceeds minimum requirement of 700. | Complete |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B C | Credit | Credit/<br>Mtg<br>History | Satisfied C A | CRDCRMH1805 | Debts/<br>obligations<br>not disclosed/<br>accounted for<br>at origination | No | Undisclosed<br>debt not<br>addressed<br>from XXX

#XXX asset<br>statement 5/2:<br>XXX Rent<br>Pmt $4,150.<br>Lender to<br>provide<br>documentation<br>supporting the<br>dismissal of<br>the<br>undisclosed<br>debt. | 9/24/2025:<br>Received<br>XXX Bank<br>mtg stmnt<br>showing<br>$3,746.79<br>PITI paid<br>plus<br>$403.21<br>additional<br>toward<br>principal,<br>totaling<br>$4,150.<br>PITI is<br>already in<br>DTI. | 9/24/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS2860: Good credit history<br> - Clayton Comments: Borrowers have no history of derogatory payments.<br> CFCFS5269: Minimal use of credit<br> - Clayton Comments: Borrower has a credit ratio utilization of 1%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Qualifying FICO of 797 exceeds minimum requirement of 700. | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error Type** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 771 fico score | Complete |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Please provide<br>missing<br>Affiliated<br>Business<br>Disclosure. | (No Data) | (No Data) | (No Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrower occupied departure residence for 8.5 years<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 80.0% LTV < max permitted of 89.99%<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 742 mid score > min required of 700<br> CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0x30 x83 months (via consecutive payment histories) | Complete |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C B | CMPTRID3966 | TRID - CD:<br>The Will<br>Not Have<br>an Escrow<br>Account in<br>the CD<br>Loan<br>Disclosures<br>section is<br>selected<br>and both or<br>neither of<br>You<br>declined it<br>and/or<br>Your<br>lender does<br>not offer<br>one are<br>selected | No | Please provide<br>CD with one of<br>the two<br>selected "The<br>Will Not Have<br>an Escrow<br>Account in the<br>CD Loan<br>Disclosures<br>section is<br>selected and<br>neither of "You<br>declined it" nor<br>"Your lender<br>does not offer<br>one" are<br>selected" | 09.29.2025 -<br>PCCD with<br>selection<br>provided. | 09.29.2025<br>-Exception<br>satisfied | Non-Numeric | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrower occupied departure residence for 8.5 years<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 80.0% LTV < max permitted of 89.99%<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 742 mid score > min required of 700<br> CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0x30 x83 months (via consecutive payment histories) | Complete |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 801 fico score<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $119,182.98 in post closing reserves or 14.27 months PITI.Three months reserves required $8,349.07 X 3 = $25,047.21. | Complete |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA -<br>Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the<br>loan file is<br>missing<br>documents<br>to<br>complete<br>the ATR/<br>QM review<br>and render<br>an accurate<br>ATR/QM<br>status. | No | Missing<br>verification of<br>the HOA Dues<br>for the<br>departure<br>residence,<br>Condo. Taxes<br>and H06 are in<br>the file totaling<br>$709.76/month.<br>Final 1003<br>shows<br>$2,200.33,<br>which leaves<br>$1,490.57<br>unaccounted<br>for. | 9/29/2025:<br>Received HOA,<br>H06 and tax info.<br>Total monthly is<br>$2,058.74/month. | 9/29/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 55% is below that maximum allowed of 89.99%<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $228,989.95 in post closing reserves or 36.89 months PITI. Three months reserves required $6,206.70 X 3 = $18,620.10.<br> CFCFS5269: Minimal use of credit<br> - Clayton Comments: Credit utilization of less than 5% | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>affiliate<br>business<br>disclosure from<br>file. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 55% is below that maximum allowed of 89.99%<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $228,989.95 in post closing reserves or 36.89 months PITI. Three months reserves required $6,206.70 X 3 = $18,620.10.<br> CFCFS5269: Minimal use of credit<br> - Clayton Comments: Credit utilization of less than 5% | Complete |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Credit | DTI | Satisfied D A | CRDDTI2540 | Missing<br>verification<br>of some or all<br>components<br>of non-<br>subject PITI | No | Missing<br>verification of<br>the HOA Dues<br>for the<br>departure<br>residence,<br>Condo. Taxes<br>and H06 are in<br>the file totaling<br>$709.76/month.<br>Final 1003<br>shows<br>$2,200.33,<br>which leaves<br>$1,490.57<br>unaccounted<br>for. | 9/29/2025:<br>Received HOA,<br>H06 and tax info.<br>Total monthly is<br>$2,058.74/month. | 9/29/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 55% is below that maximum allowed of 89.99%<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $228,989.95 in post closing reserves or 36.89 months PITI. Three months reserves required $6,206.70 X 3 = $18,620.10.<br> CFCFS5269: Minimal use of credit<br> - Clayton Comments: Credit utilization of less than 5% | Complete |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | Federal<br>Consumer<br>Protection | Satisfied C A | CMPFDCP3208 | NMLS<br>License<br>verification<br>found Loan<br>Originator<br>was inactive<br>at time of<br>origination | No | NMLS ID #<br>XXX is listed<br>as Inactive in<br>TN as of<br>03/24/2025. | 9/18/2025:<br>Received<br>verification<br>federally licensed<br>under XXX.<br>Subject is in TN. | 9/18/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 38.51% is below Guidelines maximum of 50%.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 80% is below Guidelines maximum of 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 754 is above Guidelines minimum of 700. | Complete |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3618 | TRID -<br>Corrected<br>CD should<br>have been<br>provided;<br>Change of<br>Product or<br>Product<br>Feature not<br>disclosed at<br>least 3<br>business days<br>prior to<br>closing | No | Please provide<br>confirmation of<br>receipt of<br>initial CD<br>issued XXX. | 09.30.2025 —<br>Ack of Initial CD<br>received. | 09.30.2025<br>—<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower has $109,115 remaining in assets after funds to close. Reserves 10.88 which is > then 3 months guideline minimum. ($109,115/10,033.37)<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 9.85 % is below the guideline minimum of 45%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 788 is 88 points above minimum program requirement of 700. | Complete |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3626 | TRID - CD:<br>Loan<br>consummated<br>before end of<br>waiting<br>period | No | Please provide<br>confirmation of<br>receipt of<br>initial CD<br>issued XXX. | 09.30.2025 —<br>Ack of Initial CD<br>received. | 09.30.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower has $109,115 remaining in assets after funds to close. Reserves 10.88 which is > then 3 months guideline minimum. ($109,115/10,033.37)<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 9.85 % is below the guideline minimum of 45%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 788 is 88 points above minimum program requirement of 700. | Complete |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error<br>Type** | **Cure<br>Method** | **Compensating Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 18 years at current job<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 760 fico score | Complete |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU/LCA<br>score is >2.5.<br>Clayton to<br>order Desk<br>Review. | 9/25/2025:<br>Received Desk<br>Review<br>supporting<br>value. | 9/25/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 8.3 years current job time.<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: 12 years in same line of work/profession.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: 11.53 mos. cash reserves exceeds min. guideline requirement of 3 mos. | Complete |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Credit | DTI | Satisfied C A | CRDDTI187 | Debt Ratio<br>> 50% | No | DTI verified<br>50.29% due<br>to<br>$631/month<br>car loan<br>required to be<br>included.<br>Overlays do<br>not allow<br>omission of<br>installment<br>unles paid in<br>full. Balance<br>on credit<br>report is<br>$3,089. | 9/16/2025:<br>Received credit<br>docs - DU<br>omitted<br>payment.<br>Overlays do not<br>allow omission<br>unless<br>installment is<br>paid in<br>full.9/18/2025:<br>Lender<br>submitted<br>updated DU,<br>with RSU<br>income added.<br>Loan is updated.<br>Verified<br>$2,275.27/month<br>RSU income,<br>matching lender.<br>DTI is now<br>46.03%. | 9/16/2025:<br>Exception<br>remains.9/18/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrowers have occupied the departing residence for 5 years 6 months.<br> CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: B2 has been with the employer for 7 years 3 months.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post-Closing Assets: $228,151.87 — $26,245.41 required reserves = $201,906.46/$11,680.38 PITIA for both properties = 17,29 additional months reserves on both properties. | Complete |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Credit | Insurance | Satisfied C A | CRDINSR5351 | Insurance<br>Effective<br>date is<br>greater<br>than the<br>transaction<br>date | No | HOI<br>Effective<br>7/11/2025.<br>Funds<br>disbursed<br>XXX. HOI<br>date cannot<br>exceed loan<br>disbursement. | 9/19/2025:<br>Received HOI<br>for XXX-XXX.<br>The Liability<br>coverage for<br>Bodily Injury is<br>effective<br>7/11/2025. | 9/19/2025:<br>Exception<br>satisfied. | Not<br>Applicable | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 749 fico score<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified 8.66 months reserves. Three months required. | Complete |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA -<br>Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the<br>loan file is<br>missing<br>documents<br>to<br>complete<br>the ATR/<br>QM<br>review<br>and render<br>an<br>accurate<br>ATR/QM<br>status. | No | Missing<br>evidence of<br>hazard<br>insurance<br>premium for<br>XXX<br>property to<br>support<br>expense<br>$2574.92<br>used to<br>qualify. Only<br>HOA of<br>$1,543.84<br>and taxes<br>$892.61<br>verified in<br>file. | 9/18/2025:<br>Received HOI<br>for REO.<br>$341.50 annual<br>premium. | 9/18/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower has $3,153,921.54 remaining in assets for reserves . Borrower met 3 month reserve requirement.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 805 is 105 points higher then required min of 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 70% is lower then the required max of 89.99% | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower has $3,153,921.54 remaining in assets for reserves . Borrower met 3 month reserve requirement.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 805 is 105 points higher then required min of 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 70% is lower then the required max of 89.99% | Complete |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Credit | DTI | Satisfied D A | CRDDTI2540 | Missing<br>verification<br>of some or<br>all<br>components<br>of non-<br>subject<br>PITI | No | Missing<br>evidence of<br>hazard<br>insurance<br>premium for<br>XXX property<br>to support<br>expense<br>$2574.92 used<br>to qualify.<br>Only HOA of<br>$1,543.84 and<br>taxes $892.61<br>verified in<br>file. | 9/18/2025: Received<br>HOI for REO.<br>$341.50 annual<br>premium. | 9/18/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower has $3,153,921.54 remaining in assets for reserves . Borrower met 3 month reserve requirement.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 805 is 105 points higher then required min of 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 70% is lower then the required max of 89.99% | Complete |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA -<br>Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the<br>loan file is<br>missing<br>documents<br>to complete<br>the ATR/<br>QM review<br>and render<br>an accurate<br>ATR/QM<br>status. | No | 1. Assets used<br>for income:<br>Missing asset<br>verification<br>for retirement<br>account used<br>for asset<br>depletion for<br>B1.<br>Anticipated<br>balance to be<br>approx<br>$682,681.00,<br>per lender<br>prepared asset<br>depletion<br>worksheet.2.<br>Missing<br>documentation<br>to verify B1<br>primary<br>residence<br>annual<br>property taxes<br>of approx<br>$XXX | 10/28/2025:<br>Received asset<br>statements. Not<br>needed after<br>reviewed further.<br>Assets provided meet<br>requirements for<br>Asset<br>depletion.10/28/2025:<br>Received mortgage<br>stmnt showing taxes<br>are escrowed. | 10/28/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 809 is 89 points above minimum program requirement of 720.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 73.13%; guidelines allow 89.99%.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower has $2,470,680.42/197.82 PITIA which is > guideline minimum of 3 months PTIIA. | Complete |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | DTI | Satisfied D A | CRDDTI2540 | Missing<br>verification<br>of some or<br>all<br>components<br>of non-<br>subject<br>PITI | No | Missing<br>documentation<br>to verify B1<br>primary<br>residence<br>annual<br>property taxes<br>of approx<br>$XXX | 10/28/2025:<br>Received mortgage<br>stmnt showing taxes<br>are escrowed. | 10/28/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 809 is 89 points above minimum program requirement of 720.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 73.13%; guidelines allow 89.99%.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower has $2,470,680.42/197.82 PITIA which is > guideline minimum of 3 months PTIIA. | Complete |
| &nbsp;&nbsp;&nbsp;88 | XXXXXX | XXXXXX | MO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 796 exceeds Guidelines 700 minimum.<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 37.07% is below Guidelines 50% maximum.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 80% is below Guidelines 89.99% maximum. | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession<br> - Clayton Comments: B1 — 20 years in profession<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 790 fico score | Complete |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 798 is 98 point above minimum program requirement of 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 80; guidelines allow 89.99 | Complete |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Missing<br>updated<br>valuation<br>to support<br>$XXX<br>value and<br>LCA score<br>of 5. | 9/26/2025:<br>Desk<br>review<br>received<br>supports<br>appraised<br>value | 9/26/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post closing reserves $686,684.26 or 41.38 months PITIA exceeds guideline required 18 months of $16,593.09 x 18 = $298,675.62.<br> CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrowers owned departing residence for 4 years.<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: Both borrowers have been in their respective professions for 10 years.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 789 credit score exceeds guideline minimum of 720. | Complete |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | XXXXXX | IL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Income/<br>Employment | Satisfied D A | CRDINC3204 | Income<br>Documentation<br>Missing | No | Missing<br>verification<br>that<br>$3,800.00<br>rent was<br>received<br>for two<br>most<br>recent<br>months. | 10/6/2025:<br>Received<br>verification<br>rent<br>received<br>5/2025 and<br>6/2025. | 10/6/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 39.09 below max of 50%<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV 80% max allowed 89.99%<br> CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0x30 over 40 months | Complete |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | XXXXXX | NY | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Provide<br>Required<br>Affiliate<br>Business<br>Disclosure. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 789 median FICO. Minimum required 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Verified 80% LTV. Max allowed 89.99%.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $111,482.51 in post closing reserves or 11.08 months PITI.Three months reserves required $10,058.41 X 3 = $30,175.23. | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post closing reserves $379,992.43 or 39.21 months PITIA exceed the guideline required 3 months x $9,691.12 PITIA for $29,073.36.<br> CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: Co-Borrower has been with current employer for 10 years and 9 months.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 798 credit score exceeds guideline minimum of 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 80% LTV is below guideline maximum of 89.99%. | Complete |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 757 is 57 points above minimum program requirement of 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 40.73%; guidelines allow 80%.<br> CFCFS2860: Good credit history<br> - Clayton Comments: Borrower has 0x30 for 99 months. | Complete |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession<br> - Clayton Comments: 36 years in the same line of work<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 807 fico score<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $2272239.80 or 156.68 months of PITI. | Complete |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU/LCA<br>score is<br>>2.5.<br>Clayton to<br>order<br>Desk<br>Review. | 9/24/2025:<br>Received<br>desk<br>review<br>supporting<br>value. | 9/24/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 30.637 below max of 50%<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified FICO 752; Min required 720<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Verified employment for 11 years 9 months | Complete |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>Affiliate<br>Business<br>Disclosure | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 804 fico score. Minimum required 700<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are $1534192.38 PITIA of 3 months are $31989.48<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 80; guidelines allow 89.99 | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Property<br>Valuations | Appraisal | Satisfied C A | PRVAAPPR1939 | Appraiser<br>License for<br>Incorrect<br>State | No | missing<br>appraisal | 9/18/2025:<br>Received<br>appraisal,<br>UCDPs<br>and CDA. | 9/18/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 804 fico score. Minimum required 700<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are $1534192.38 PITIA of 3 months are $31989.48<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 80; guidelines allow 89.99 | Complete |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Property<br>Valuations | Appraisal | Satisfied C A | PRVAAPPR4463 | UCDP —<br>File is<br>missing<br>evidence<br>that<br>appraisal<br>report was<br>successfully<br>submitted<br>to UCDP | No | missing<br>UCDP | 9/18/2025:<br>Received<br>appraisal,<br>UCDPs<br>and CDA. | 9/18/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 804 fico score. Minimum required 700<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are $1534192.38 PITIA of 3 months are $31989.48<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 80; guidelines allow 89.99 | Complete |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR100 | Missing<br>Appraisal | No | missing<br>appraisal | 9/18/2025:<br>Received<br>appraisal,<br>UCDPs<br>and CDA. | 9/18/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 804 fico score. Minimum required 700<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are $1534192.38 PITIA of 3 months are $31989.48<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 80; guidelines allow 89.99 | Complete |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Property<br>Valuations | FEMA | Satisfied B A | PRVAFEMA856 | Natural<br>Disaster<br>Area, no<br>subsequent<br>inspection<br>(Public) | No | pending<br>receipt of<br>appraisal | 9/18/2025:<br>Received<br>appraisal,<br>UCDPs<br>and CDA. | 9/18/2025:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 804 fico score. Minimum required 700<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are $1534192.38 PITIA of 3 months are $31989.48<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 80; guidelines allow 89.99 | Complete |
| &nbsp;&nbsp;&nbsp;69 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B | Property<br>Valuations | Value | Satisfied C A B | PRVAVALU5249 | Property<br>Value Not<br>Supported | No | CU Score<br>is 4.6.<br>XXXXXX<br>to order<br>desk<br>review. | 9/30/2025:<br>Received<br>Desk<br>Review<br>supporting<br>$XXX<br>appraised<br>value<br>reported on<br>1004 on<br>XXXXXX. | 9/30/2025:<br>Exception<br>satisfied. | Not<br>Applicable | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has been self-employed for 25 years.<br> CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: Borrower has excellent mortgage payment history with no late payments for the last 5 years.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: 3 months PITI reserves required; verified 74 months reserves. | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;93 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets $983,093.31 or 116.49 months PITIA reserves meeting 3 months guideline requirement $8,438.96 x 3 = $25,316.88.<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: Borrower has been in the same profession for 6 years and 1 month.<br> CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: Co-Borrower has been with current employer for 8 years and 9 months.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 801 FICO score. Minimum required 700. | Complete |
| &nbsp;&nbsp;&nbsp;72 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 23.67% below max of 50%<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: credit score verified 799, min score 720<br> CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: 0x30 over 83 months | Complete |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | LCA score<br>3.5. Clayton<br>to order<br>Desk<br>Review. | 9/25/2025:<br>Received<br>Desk<br>Review<br>supporting<br>vlaue. | 9/25/2025:<br>Exception<br>satisfied. | (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession<br> - Clayton Comments: 19 years in profession<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 765 median FICO. Minimum required 700. | Complete |
| &nbsp;&nbsp;&nbsp;94 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied A | CMPTRID5293 | TRID<br>Not all<br>required<br>seller-<br>paid fees<br>were<br>disclosed<br>on the<br>CD | No | Seller fees<br>listed on<br>Seller CD<br>but not<br>Borrower<br>final CD. As<br>the fees are<br>at least<br>reflected<br>there is no<br>material<br>issue. This<br>Condition is<br>informational<br>per Clayton<br>Compliance<br>department<br>and TRID<br>2.0 revisions.<br>Condition<br>satisfied.<br>Final Grade<br>A. | (No Data) | (No Data) | Numeric | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Significant time at current departing primary residence for 8.83 years<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: B1 has significant time in profession, 21.08 years<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 787 FICO score. Minimum required 700 | Complete |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession<br> - Clayton Comments: b1 -8 years in profession<br> CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: 17 years at current job<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 792 fico score | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | XXXXXX | DC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied A | CMPTRID5293 | TRID Not all<br>required seller-<br>paid fees were<br>disclosed on<br>the CD | No | Seller fees<br>listed on<br>Seller CD but<br>not Borrower<br>final CD. As<br>the fees are at<br>least reflected<br>there is no<br>material<br>issue. This<br>Condition is<br>informational<br>per Clayton<br>Compliance<br>department<br>and TRID 2.0<br>revisions.<br>Condition<br>satisfied.<br>Final Grade<br>A. | (No Data) | (No Data) | Numeric | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 11 years on current job<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $181,692.54 in post closing reserves or 26.30 months PITI.Three months reserves required $6,907.97 X 3 = $20,723.91.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 797 median FICO. Minimum required 700. | Complete |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 8 years at the current job<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $464086.04 or 54.34 months of PITI.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 788 fico score | Complete |
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 771 is 71 points above program minimum requirements of 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 63.72; guidelines is allow 89.99 | Complete |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | XXXXXX | MO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3676 | TRID - CD:<br>Ten percent<br>tolerance fee<br>or fees<br>increased at or<br>prior to closing<br>without a valid<br>reason or not<br>timely<br>disclosed;<br>refund<br>required within<br>60 days of<br>consummation. | No | Ten Percent<br>Tolerance Fee<br>of $14.10 due<br>to Recording<br>Fees<br>increased<br>from LE to<br>CD. Missing<br>a valid<br>Change of<br>Circumstance,<br>or Post Close<br>CD, LOX and<br>copy of<br>refund check<br>to borrower. | 09.29.2025<br>-COC<br>provided. | 09.29.2025<br>—<br>Exception<br>satisfied | (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $520,616.48 in post closing reserves or 50.37 months PITI. Three months reserves required $10,335.11 X 3 = $31,005.33.<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 23 Years XXX business.<br> CFCFS1736: Significant time at current residence<br> - Clayton Comments: 13 Years at current residence.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 756 FICO. Minimum required 700. | Complete |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>affiliate<br>business<br>disclosure<br>from file. | (No Data) | (No Data) | (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession<br> - Clayton Comments: Borrower has significant time in Profession with 18 years.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 722 exceeds guidelines with a minimum credit score of 700.<br> CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: Positive mortgage payment history for the past 25 months. | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV 73.80%. Maximum 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified Credit score 712. Minimum required 700<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post closing assets: $39,274.09 (reduced by open 30-day consumer debt) (6.67 months PITIA reserves) > min required reserves of $17,676.33.<br> CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0x30 x53 months (consecutive payment histories) | Complete |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: B1 has 7 years 11 months at current job.<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: B1 has 21 years 1 month in same line of work. B2 has 20 years in same line of work.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Representative credit score 790 above guideline requirement 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Qualifying LTV 74.00% below program max 89.99%. | Complete |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession<br> - Clayton Comments: B1-32 years in the same profession<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 792 fico score | Complete |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU/LCA<br>score ><br>2.5.<br>Clayton to<br>to order<br>Desk<br>Review. | 9/24/2025:<br>Received<br>Desk<br>Review<br>supporting<br>value. | 9/24/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 823 fico score<br> CFCFS1736: Significant time at current residence<br> - Clayton Comments: 26 years at current residence | Complete |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | XXXXXX | MN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>required<br>Affiliate<br>Business<br>Disclosure. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: Co-borrowers has been on the job as wage earner for 26 years.<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has been XXX XXX for 25 years<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Qualifying credit score = 767, which is 67 pts greater then the required score of 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 75% is below the maximum LTV of 89.99%.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Cash reserves of $140,341.18 or 16.67 months of the subject PITI is great than the minimum required of 3 months PITI or $25,249. | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **TRID**<br> **Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 69.82 LTV<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 17 years on current job<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: 20 years in profession — b1 | Complete |
| &nbsp;&nbsp;&nbsp;99 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied A | CMPTRID5293 | TRID<br>Not all<br>required<br>seller-<br>paid fees<br>were<br>disclosed<br>on the<br>CD | No | Seller fees<br>listed on<br>Seller CD<br>but not<br>Borrower<br>final CD. As<br>the fees are<br>at least<br>reflected<br>there is no<br>material<br>issue. This<br>Condition is<br>informational<br>per Clayton<br>Compliance<br>department<br>and TRID<br>2.0 revisions.<br>Condition<br>satisfied.<br>Final Grade<br>A. (No<br>Data) | Numeric | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 787 FICO exceeds minimum 700<br> CFCFS1736: Significant time at current residence<br> - Clayton Comments: 15+ years at departing residence<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 10+ years with present employer | Complete |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 789 is 69 points above minimum program requirement of 720. | Complete |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $204,202.57 or 22.41 months of PITI.Required PITI Reserves are $8321.75 X 3 months = $24,965.25<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Maximum LTV 89.99% Current LTV 56.46%<br> CFCFS2860: Good credit history<br> - Clayton Comments: Borrower has no history of late payments<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 805 mid score > min required of 700<br> CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: Departure residence: 0x30 x56 months | Complete |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrower has been at current residence for 5 years<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has been at current place of employment for 24 years<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Qualifying fico is 783 exceeds min 700<br> CFCFS5269: Minimal use of credit<br> - Clayton Comments: 11% consumer credit utilization in file | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession<br> - Clayton Comments: Borrower has been in the same profession for 11 years and 1 month.Co-borrower has been in the same profession for 11 years an 1 month.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Borrowers LTV 70% LTV is less than guideline maximum 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 794 FICO score. Minimum required 700. | Complete |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 806 FICO score exceeds minimum FICO score by 186 points<br> CFCFS1749: Additional documented income not used in qualifying<br> - Clayton Comments: SSI award letter provided but lender excluded and client qualifies<br> CFCFS3836: Borrower Net Worth<br> - Clayton Comments: Client has 697k in post close reserves | Complete |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Low LTV of 59%<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 769 FICO score exceeds minimum of 700.<br> CFCFS2860: Good credit history<br> - Clayton Comments: Good credit history with no lates listed | Complete |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>Affiliate<br>Business<br>Disclosure. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 75% is below guideline requirement of 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 813 exceeds guideline requirement of 700.<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 37.97% is below guideline requirement of 50%. | Complete |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | XXXXXX | OR | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU Score<br>3.1.<br>Clayton to<br>order Desk<br>Review. | 9/25/2025:<br>Received<br>Desk<br>Review<br>supporting<br>value. | 9/25/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 754 median FICO. Minimum required 700. | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error Type** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Legal<br>Documents | Satisfied D A | CRDLGL2550 | Missing<br>HUD-1<br>from sale<br>of property | No | Documentation<br>of the sale of<br>borrower's<br>previous home<br>verifying the<br>disposition of<br>the asset,<br>payoff of the<br>mortgage is<br>not in the file. | 9/18/2025: The<br>document received is<br>not a Final CD. It is an<br>agreement for a<br>property not disclosed.<br>The previous<br>residence must be<br>verified sold.<br>Otherwise, the PITI<br>from the previous<br>residence must be<br>added to the debts and<br>DTI must meet<br>guidelines.10/6/2025:<br>Received copy of<br>FNMA guides.<br>Agreed can be omitted<br>from DTI but the<br>Agreement provided<br>XXX does not specify<br>the address being sold<br>or the Date of the<br>Contract. Further,<br>XXX shows REO is<br>still on the market and<br>price has lowered<br>since<br>7/12/2025.10/14/2025:<br>Received contract<br>dated XXX showing<br>REO address. FNMA<br>does not require REO<br>to be sold as long as<br>there is a contract. | 9/18/2025:<br>Exception<br>remains.10/6/2025:<br>Exception<br>remains.10/14/2025:<br>Exception satisfied. | (No Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 34.67% DTI below guideline requirement 50%.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $630,606.20 or 66.37 months of PITIA.Required PITIA Reserves are $9,124.37 X 3 months = $27,373.11.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 753 FICO score. Minimum required 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 80% is below max LTV of 89.99%. | Complete |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 12 years on current job<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: 25 year in profession<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 64.74 LTV<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 732 fico score | Complete |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post-close assets are $1,544,939.37 or 110.61 months PITIA. Required reserves are 3 x 13,967.86 = $41,903.58<br> CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0x30 x54 months<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 24.60% is below Guidelines 45% maximum.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 70% is below Guidelines 89.99% maximum.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 792 exceeds Guidelines 720 minimum. | Complete |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | XXXXXX | MO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C B | CMPTRID3966 | TRID - CD:<br>The Will<br>Not Have<br>an Escrow<br>Account in<br>the CD<br>Loan<br>Disclosures<br>section is<br>selected<br>and both or<br>neither of<br>You<br>declined it<br>and/or<br>Your<br>lender does<br>not offer<br>one are<br>selected | No | CD XXX:<br>Loan<br>disclosure<br>section- The<br>Will Not Have<br>an Escrow<br>Account does<br>not have an<br>option<br>selected. | 09.29.2025 — PCCD<br>received. | 09.29.2025 -<br>Exception satisfied | Non-Numeric | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV 68.84%. Max 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score 706. Minimum required 700<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: FTI 26.66%. Max 50%.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Closing Assets are $1,036,349.89 or 82.24 months PITI. Required PITI Reserves are $12,600.98 x 3 = $37,802.49 | Complete |
| &nbsp;&nbsp;&nbsp;108 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 64.75% is below guideline requirement of 80%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 783 exceeds guideline requirement of 720.<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: Borrower has been in the same profession for 26 years. | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | XXXXXX | CT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>Affiliate<br>Business<br>Disclosure | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 12 years on the current job | Complete |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: B1 has 11 years & 3 months at current job<br> CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrower has 6 years & 6 months at current residence<br> CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: B2 has 14 years & 4 months at current job<br> CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: Borrower Mortgage payment 0x30x60<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 779 FICO exceeds minimum 700. | Complete |
| &nbsp;&nbsp;&nbsp;110 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has 7 years at current job<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 731 FICO exceeds minimum 700. | Complete |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A C | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA -<br>Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the<br>loan file is<br>missing<br>documents<br>to complete<br>the ATR/<br>QM review<br>and render<br>an accurate<br>ATR/QM<br>status. | No | 1. Provide 3rd<br>party<br>documentation<br>that the<br>Mortgages Due<br>and Payable in<br>Less than 1 year<br>is an<br>automatically<br>renewing debt<br>in order to omit<br>it from the<br>income<br>calculation.2.<br>Missing<br>verification<br>proof XXX<br>payment of<br>$2,444.00 is full<br>PITI expense as<br>qualified with.3.<br>Missing<br>borrower letter<br>or explanation<br>or other<br>satisfactory<br>documentation<br>primary<br>residence on<br>XXX has no<br>HOA expense.4.<br>Updated DU<br>AUS required<br>for increase in<br>DTI from<br>18.50% to<br>21.75%.<br>Reviewer<br>calculated lower<br>income for both<br>borrowers as the<br>distributions<br>reflected are not<br>allowed to be<br>added back in<br>addition to the<br>ordinary<br>income.<br>Recalculated B1<br>earnings<br>$52,642.56 and<br>B2 $37,947.67<br>for total<br>$90,590.23.<br>Difference<br>increase DTI<br>over 3%<br>tolerance. DU<br>recommendation<br>must remain<br>Approve/<br>Eligible. | 9/18/2025: Lender<br>rebuttal stating<br>business passes<br>Liquidity Test to<br>omit renewing debt.<br>After further<br>review, Clayton<br>agrees. Re-verified<br>income<br>$62,489.58/month<br>business X 50% for<br>each borrower and<br>W2 income for<br>each borrower as<br>well as commercial<br>rental income on<br>2024 1040s. DTI is<br>now 19.61%,<br>within tolerance.<br>Items #3, #4<br>removed.9/26/2025:<br>Received mtg stmnt<br>showing escrowed<br>and LOX, no HOA. | 9/18/2025:<br>Exception<br>remains for<br>Items #1,

#2.9/26/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: The borrowers have occupied the primary residence for 11 years 9 months.<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: B1 has been XXX for 15 years 6 months.<br> CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: B2 has been XXX for 5 years 6 months<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close reserves $762,882.28 exceed required reserves $25,175.43. | Complete |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D C | Credit | DTI | Satisfied D A | CRDDTI2540 | Missing<br>verification<br>of some or<br>all<br>components<br>of non-<br>subject<br>PITI | No | 1. Missing<br>verification<br>proof XXX<br>payment of<br>$2,444.00 is full<br>PITI expense as<br>qualified with.2.<br>Missing<br>borrower letter<br>or explanation<br>or other<br>satisfactory<br>documentation<br>primary<br>residence on<br>XXX has no<br>HOA expense. | 9/26/2025:<br>Received mtg stmnt<br>showing escrowed<br>and LOX, no HOA. | 9/26/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: The borrowers have occupied the primary residence for 11 years 9 months.<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: B1 has been XXX for 15 years 6 months.<br> CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: B2 has been XXX for 5 years 6 months<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close reserves $762,882.28 exceed required reserves $25,175.43. | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A C | Property<br>Valuations FEMA | Satisfied C A | PRVAFEMA217 | Natural<br>Disaster<br>Area, no<br>subsequent<br>inspection<br>(Individual) | No | No<br>inspection<br>since the<br>XXX<br>FEMA<br>Disaster -<br>XXX. | 9/25/2025:<br>Received<br>clear PDI<br>Report<br>dated<br>9/24/2025. | 9/25/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: The borrowers have occupied the primary residence for 11 years 9 months.<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: B1 has been XXX for 15 years 6 months.<br> CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: B2 has been XXX for 5 years 6 months<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close reserves $762,882.28 exceed required reserves $25,175.43. | Complete |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | XXXXXX | MI | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 804 is 104 points above minimum program requirement of 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 75%; guidelines allow 80.00%.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post closing assets: $1,137,831.10 (109.49 months PITIA reserves) > min required reserves of 3 months. | Complete |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  | CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0x30 x99 months<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 70% is below maximum the allowable of 80%<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 789 exceeds the minimum required of 700<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $241,249.93 (25.26 months PITIA reserves) > min required of 3 months PITIA | Complete |
| &nbsp;&nbsp;&nbsp;114 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 772 is 72 points above minimum program requirement of 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 80%; guideline allows 89.99% | Complete |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Qualifying fico is 744 > min required of 720<br> CFCFS5269: Minimal use of credit<br> - Clayton Comments: 4% consumer credit utilization | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;116 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: B1 has 14 years at current job<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 795 FICO exceeds minimum 700.<br> CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: Borrower Mortgage payment 0x30x82<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower's Post Close Assets are $492,557.12 or 41.93 months of PITIA reserves Required PITIA Reserves are $11,748.19 X 3 months = $35,244.57. | Complete |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU/LCA<br>score is >2.5.<br>Clayton to<br>order Desk<br>Review. | 10/27/2025:<br>Received<br>AVM<br>supporting<br>value. FSD<br>4.0. | 10/27/2025:<br>Exception<br>satisfied. | (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 775 is 75 points above minimum program requirement of 700.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are $90,667.70 or 11.81 months PITIA. Guidelines require 3 mos. PITIA.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Qualifying LTV 80.00% below program maximum 89.99%. | Complete |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 11 years at current job<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: B1-34 years in profession<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $72955.23 or 9.95 months of PITI. | Complete |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession<br> - Clayton Comments: B1 has been employed in profession 23 years.<br> CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrowers have been at current residence 11 years, 11 months.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $453,735.97 or 33.13 months of PITI exceeds the required PITI Reserves are $13,693.86 X 3 months = $41,081.58 | Complete |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied A | CMPTRID5293 | TRID<br>Not all<br>required<br>seller-<br>paid fees<br>were<br>disclosed<br>on the<br>CD | No | Seller fees<br>listed on<br>Seller CD<br>but not<br>Borrower<br>final CD. As<br>the fees are<br>at least<br>reflected<br>there is no<br>material<br>issue. This<br>Condition is<br>informational<br>per Clayton<br>Compliance<br>department<br>and TRID<br>2.0 revisions.<br>Condition<br>satisfied.<br>Final Grade<br>A. | (No Data) | (No Data) | Numeric | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Qualifying fico is 784. G/l min is 700<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets are $605,007.18 or 45.62 months of PITI > min required reserves of 3 months PITIA.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 48.15% LTV /56.18% CLTV < max permitted of 89.99% | Complete |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has been at current job 13 years and 8 months.<br> CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: Co-borrower has been at current job for 8 years and 2 months.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Borrowers LTV 71.70% is greater than guideline maximum 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 760 FICO score. Minimum required 700.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified 178.08 months PITIA reserves are greater than guideline requirement 3 months. | Complete |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | XXXXXX | MO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA -<br>Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the<br>loan file is<br>missing<br>documents<br>to<br>complete<br>the ATR/<br>QM review<br>and render<br>an accurate<br>ATR/QM<br>status. | No | 1.)<br>Missing 2<br>years most<br>recent W-<br>2's for<br>XXX 2.)<br>Missing 2<br>years most<br>recent<br>business<br>tax returns<br>for XXX<br>supporting<br>loss of -<br>$11613.00. | 10/27/2025:<br>Received<br>2024 1120-S<br>for XXX,<br>showing<br>$100K W2<br>compensation.<br>This is<br>sufficient and<br>AUS does not<br>require<br>negative<br>income to be<br>deducted. | 10/27/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrower has resided at current residence for 5 years.<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has significant time at current job, 29 years and 6 months.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Median FICO of 774 exceeds the guideline program minimum of 700. | Complete |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | XXXXXX | MO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Income/<br>Employment | Satisfied D A | CRDINC2408 | Income<br>verification<br>does not<br>meet<br>guidelines | No | 1.)<br>Missing 2<br>years most<br>recent W-<br>2's for<br>XXX 2.)<br>Missing 2<br>years most<br>recent<br>business<br>tax returns<br>for XXX<br>supporting<br>loss of -<br>$11613.00 | 10/27/2025:<br>Received<br>2024 1120-S<br>for XXX.,<br>showing<br>$100K W2<br>compensation.<br>This is<br>sufficient and<br>AUS does not<br>require<br>negative<br>income to be<br>deducted. | 10/27/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrower has resided at current residence for 5 years.<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has significant time at current job, 29 years and 6 months.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Median FICO of 774 exceeds the guideline program minimum of 700. | Complete |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | XXXXXX | MO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU/LCA<br>score is<br>>2.5.<br>Clayton to<br>order Desk<br>Review. | 10/27/2025:<br>Received<br>AVM<br>supporting<br>value. FSD 7. | 10/27/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrower has resided at current residence for 5 years.<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has significant time at current job, 29 years and 6 months.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Median FICO of 774 exceeds the guideline program minimum of 700. | Complete |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 747 FICO score. Minimum required 700<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: B2 has 10 years in the same profession<br> CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrowers have 24 years at the departing primary residence<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $151,238.24 or 16.57 months of PITI.Required PITI Reserves are $9,125.29 X 3 = $27,375.87 | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession<br> - Clayton Comments: Borrower has been in same profession for 20 years.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Borrowers LTV 80% is less than guideline maximum 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 743 FICO score. Minimum required 720. | Complete |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Median Fico Score 789 > 89 points of minimum guideline requirements of 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 80% LTV for Subject Property is below guideline max LTV of 89.99%<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 42.55% is below the minimum program requirements of 50% | Complete |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 801 is 81 points above minimum program requirements.<br> CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: Borrower has 48 months mortgage payment history 0x30. | Complete |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Credit | DTI | Active B | CRDDTI105 | Debt<br>Ratio<br>Exception<br>5% or<br>Less | No | Lender<br>DTI<br>43.06%<br>Clayton<br>DTI<br>46.90%<br>Lender<br>used<br>$83.33<br>per<br>month<br>HOA ,<br>Appraisal<br>docs in<br>file show<br>HOA fee<br>of<br>$1000.00<br>per<br>month. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Maximum LTV 89.99%, Current LTV 69.87%<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Maximum DTI 50%, Current DTI 46.90%<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $374,714.53 or 42 months of PITI.Required PITI Reserves are 3 of months = $26,717.49 | Complete |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  | CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: 22 yrs 11 mos with present employer<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 18 yrs 6 mos with present employer<br> CFCFS1736: Significant time at current residence<br> - Clayton Comments: B1 9+ yrs B2 23+yrs at primary residence<br> CFCFS2860: Good credit history<br> - Clayton Comments: 0x30 all tradelines<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 777 FICO exceeds min 700 | Complete |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 798 FICO score is above the required 700<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrowers have $80081.50 in reserves which exceeds the required $32694.59<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 43.06% DTI is below the 45% max. | Complete |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | LCA<br>score is<br>>2.5.<br>Clayton<br>to order<br>Desk<br>Review. | 10/22/2025:<br>Received<br>AVM<br>supporting<br>value. FSD<br>5. | 10/22/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 26.09% is below Guidelines 50% maximum.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 80% is below Guidelines 89.99% maximum.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 749 exceed Guidelines 700 minimum. | Complete |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX | XXXXXX | MO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 793 FICO score is above the 700 min.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 75% LTV is below the 80% max.<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 32.36% DTI is below the 45% max.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $274267.58. Required PITI Reserves are $6966.53 X 3 = $20899.59 | Complete |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence<br> - Clayton Comments: 20 years at current residence<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 788 fico score<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $679510.56 or 92.71 months of PITI. | Complete |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 80% is below guideline requirement of 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 783 exceeds guideline requirement of 700.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Required reserves are 3 months PITI $20,603.79. Verified post close assets of $38,126.13 or 5.55 months PITI reserves. | Complete |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU/<br>LCA<br>score is<br>>2.5.<br>Clayton<br>to order<br>Desk<br>Review. | 10/23/2025:<br>Received<br>AVM<br>supporting<br>value. FSD<br>2. | 10/23/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 800 FICO exceeds minimum 700.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower's Post Close Assets are $85,359.53 or 9.38 months of PITIA reserves Required PITIA Reserves are $9,098.03 X 3 months = $27,294.09. | Complete |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets $2,517,752.00 (110 months of PITIA reserves) > min required reserves of 24 months PITIA ($22,425.09 x 24 = $538,202.16)<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Maximum LTV 89.99% current LTV 68.63%<br> CFCFS2860: Good credit history<br> - Clayton Comments: 1x30 (consumer debt) x greater than 99 months<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 791 mid score > min required of 740 | Complete |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX | XXXXXX | OH | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence<br> - Clayton Comments: 24 years at current residence<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 780 fico score > min required of 700<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $805,532.42 or 86.50 months of PITIA > min required reserves of 3 months PITIA | Complete |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX | XXXXXX | NE | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | LCA<br>Score<br>4.0.<br>Clayton<br>to order<br>Desk<br>Review. | 10/22/2025:<br>Received<br>AVM<br>supporting<br>value. FSD<br>6. | 10/22/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: Co-Borrower has significant time at current job, 11 years and 1 months.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Median Fico Score 803 > 103 points of minimum guideline requirements of 700.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 80% LTV for Subject Property is below guideline max LTV of 89.99%<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 46.29% is below the minimum program requirements of 50% | Complete |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of748 is above the required 700<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 69.15% is below the maximum allowable of 89.99%.<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 47.52 is below the maximum allowable 50 | Complete |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | XXXXXX DC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 10 years at current job<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score exceeds guidelines-807 fico score minimum score required 700<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $285600.40 or 36.26 months of PITI.Required PITI Reserves are $7876.55 X 3 months = $23,629.65 | Complete |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrower has been at current residence for 5.6 years<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Qualifying fico is 814<br> CFCFS5269: Minimal use of credit<br> - Clayton Comments: 7.25% consumer credit utilization in file. | Complete |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | XXXXXX IA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS2860: Good credit history<br> - Clayton Comments: Good credit history (isolated late pay: error per lender). 761 Median Credit Score, 7/1999 Oldest Trade<br> CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: 121 consecutive months mortgage payment history exceeds required 24 month minimum credit review.<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has 40.83yrs tenure with current employer<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 27.87% DTI below maximum allowed 45% per guidelines.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 761 Median Credit Score exceeds 700 minimum allowed credit score, per guidelines. | Complete |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: B1 has 6 years & 8 months at current job<br> CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: B2 has 9 years & 6 months at current job<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 791 FICO exceeds minimum 700.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower's Post Close Assets are $331,277.38 or 40.32 months of PITIA reserves Required PITIA Reserves are $8,215.30 X 3 months = $24,645.90. | Complete |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX | XXXXXX NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: B1 has 4 years & 7 months at current job<br> CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: B2 has 4 years 7 6 moths at current job<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 756 FICO exceeds minimum 700. | Complete |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **TRID**<br> **Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 796 FICO score is above the required 720.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: $385081.17 in reserves is above the required $375124.66.<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 39.06% DTI is below the 45% max.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 69.925% LTV is below the 80% max. | Complete |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX | XXXXXX | CT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 31.40% is below the minimum program requirements of 45%<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Median Fico Score 786 > 66 points of minimum guideline requirements of 720.<br> CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower1 has been at current employer for the past 7 years and 9 months. | Complete |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied A | CMPTRID5293 | TRID Not<br>all required<br>seller-paid<br>fees were<br>disclosed on<br>the CD | No | Seller fees<br>listed on<br>Seller CD<br>but not<br>Borrower<br>final CD. As<br>the fees are<br>at least<br>reflected<br>there is no<br>material<br>issue. This<br>Condition is<br>informational<br>per Clayton<br>Compliance<br>department<br>and TRID<br>2.0 revisions.<br>Condition<br>satisfied.<br>Final Grade<br>A. (No<br>Data) | Numeric | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrowers have 5.08 at the departure residence<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: B1 has 28.17 years in the same profession<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 745 FICO score. Minimum required 700 | Complete |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Credit | Income/<br>Employment | Active B | CRDINC2496 | Verbal<br>verification<br>of<br>employment<br>completed<br>outside the<br>stated<br>requirements<br>and/or after<br>closing/<br>funding | No | Missing<br>Verbal VOE<br>performed by<br>the lender for<br>xxx. This is<br>required to<br>be completed<br>within 10<br>days of<br>closing. File<br>contains<br>WVOE,<br>XXX.<br>Provide<br>verbal<br>verification<br>of<br>employment<br>as required<br>by<br>guidelines. (No<br>Data) | (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrowers have 5.08 at the departure residence<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: B1 has 28.17 years in the same profession<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 745 FICO score. Minimum required 700 | Complete |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | XXXXXX | NY | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Borrowers 744 FICO score is above the 700 min<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: $1442321.36 in reserves is above the required $46500.47<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 40.46% DTI is below the 45% max.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 58.065% LTV is below the 89.99% max. | Complete |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | LCA/<br>CU<br>score<br>4.3.<br>Clayton<br>to order<br>Desk<br>Review. | 10/23/2025:<br>Received<br>AVM<br>supporting<br>value. FSD<br>5. | 10/23/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: B1 10 yrs. B2 9 yrs+<br> CFCFS1736: Significant time at current residence<br> - Clayton Comments: 6 yrs<br> CFCFS2860: Good credit history<br> - Clayton Comments: 0x30 all tradelines<br> CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0x30 history reported since 8/2016<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 809 exceeds min GL 700 | Complete |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI is below 21%<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Low LTV of 56%<br> CFCFS3836: Borrower Net Worth<br> - Clayton Comments: The clients have over 700k in post close reserves | Complete |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrower has lived at current residence for 8 years and 1 month.<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: Borrower has been in the same profession for 20 years.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 817 FICO score. Minimum required 720.<br> CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: Borrower has 0x30x82 months positive mortgage payment history.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets $209,476.38 or 16.61 months PITI meeting 3 month guideline requirement ($12,609.14 x 3 = $37,827.42).<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Borrowers DTI 37.40 is less than guideline maximum 45%. | Complete |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 34.86% is below Guidelines maximum 50%.<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 62.96% is below Guidelines maximum of 89.99%.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 726 exceeds Guidelines minimum of 700. | Complete |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 80% is below 89.99% Guidelines maximum.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 749 exceed Guidelines 700 minimum.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post-closing assets are $383,318.79 or 57.82 months. Required reserves are 3 months PITIA or $6,629.79 x 3 = $19,889.37 | Complete |

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| | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial**<br> **Lender**<br> **ATR/<br>QM**<br> **Status** | **Loan**<br> **Level**<br> **ATR/<br>QM**<br> **Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition**<br> **Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 34.88% DTI < maximum permitted of 45%<br> CFCFS1742: Consumer credit history exceeds guidelines<br> - Clayton Comments: Credit reflects oldest tradeline date 4/18/2010, reporting 0x30<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 812 FICO score. Minimum required 700.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $65,342.94 or 7.64 months of PITI.3 months Required Reserves | Complete |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence<br> - Clayton Comments: Significant time at departing primary residence, 9 years<br> CFCFS2854: Significant time in profession<br> - Clayton Comments: Significant time in profession, 12 years<br> CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: 0x30x82 mortgage payment history exceeds guidelines | Complete |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 759 FICO exceeds minimum 700<br> CFCFS2860: Good credit history<br> - Clayton Comments: 0 x 30 in 79 months | Complete |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | XXXXXX | WI | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower1 has significant time at current job, 19 years and 11 months.<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Median Fico Score 807 > 107 points of minimum guideline requirements of 700.<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 11.46% is below the minimum program requirements of 45%<br> CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 42.308% LTV for Subject Property is below guideline max LTV of 80%. | Complete |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX | XXXXXX | MD | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has 4 years & 5 months at current job<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 805 FICO exceeds minimum 720.<br> CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Borrower's Post Close Assets are $2,722,550.22 or 221.49 months of PITIA reserves Required PITIA Reserves are $12,291.88 X 3 months = $36,975.64<br> CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI > 7 points below guideline maximum | Complete |

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| | |
|:---|:---|
| **Client Name:** |  |
| **Client Project Name:** | **PNMAC PMTLT 2025** |
|  *Report Run Date:* | *11/3/2025 12:43 PM* |

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**Conditions Report 2.0** 

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| | |
|:---|:---|
| ***Loans in Report:*** | *121* |
| ***Loans with Conditions:*** | *56* |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **TRID<br>Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | Yes | XXXXXX | XXXXXX D B A C | Not Applicable |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | Yes | XXXXXX | XXXXXX C A | No |
| &nbsp;&nbsp;&nbsp;15 | XXXXXX | Yes | XXXXXX | XXXXXX C A | No |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | Yes | XXXXXX | XXXXXX C A | No |
| &nbsp;&nbsp;&nbsp;3 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | Yes | XXXXXX | XXXXXX D A C | No |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | Yes | XXXXXX | XXXXXX D B A C | No |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | Yes | XXXXXX | XXXXXX C A | No |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | Yes | XXXXXX | XXXXXX C A | No |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | Yes | XXXXXX | XXXXXX C B A | No |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | Yes | XXXXXX | XXXXXX D B C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | Yes | XXXXXX | XXXXXX C B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | Yes | XXXXXX | XXXXXX D B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | Yes | XXXXXX | XXXXXX C A | No |
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | Yes | XXXXXX | XXXXXX D B A | No |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;88 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **TRID<br>Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | Yes | XXXXXX | XXXXXX D B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;69 | XXXXXX | Yes | XXXXXX | XXXXXX C A B | No |
| &nbsp;&nbsp;&nbsp;93 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;72 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;94 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | Yes | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;99 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **TRID<br>Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | Yes | XXXXXX | XXXXXX C B A | No |
| &nbsp;&nbsp;&nbsp;108 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;110 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | Yes | XXXXXX | XXXXXX D A C | No |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;114 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;116 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX | Yes | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **TRID<br>Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX | Yes | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | Yes | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | Yes | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Yes | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX | Yes | XXXXXX | XXXXXX A | Not Applicable |

---

## Exhibit 99.3

**EXHIBIT 99.3** 

**CLAYTON RATING AGENCY ATR QM DATA FIELDS** 

------

---

| | |
|:---|:---|
| **Client Name:** |  |
| **Client Project Name:** | **PNMAC PMTLT 2025-J4** |
| *Report Run Date:* | *11/3/2025 12:46 PM* |
| **Rating Agency ATR QM Data Fields** | **Rating Agency ATR QM Data Fields** |
| *Loans in Report:* | *121* |

---

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Loan Level<br>ATR/QM<br>Status** | **Application<br>Date Prior<br>to 1/10/2014** | **TRID<br>Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **GSE<br>Eligible** | **QRM<br>Flag** | **ATR/QM<br>Total<br>Points<br>and Fees** | **Rate<br>Lock<br>Date** | **APR** | **Bwr 1<br>Employment<br>Indicator** | **Bwr 2<br>Employment<br>Indicator** | **Bwr 1 Foreign<br>National<br>Indicator** | **Bwr 2 Foreign<br>National<br>Indicator** | **Residual<br>Income<br>Analysis<br>in File** | **ATR/<br>QM<br>Residual<br>Income** |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.7591 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 6.8953 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 6.7167 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.8816 | Employed | (No Data) | Non-Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1570 | XXXXXX | 6.9143 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 8725 | XXXXXX | 6.9448 | Employed | (No Data) | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;15 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 8943.93 | XXXXXX | 7.3427 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 7.5165 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;3 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 58472 | XXXXXX | 8.063 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 530.1 | XXXXXX | 6.249 | Employed | Employed | U.S. Citizen | Permanent Resident Alien | No | 0 |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 5776.25 | XXXXXX | 7.0392 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.7603 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 15369.87 | XXXXXX | 6.7987 | Employed | Employed | Non-Permanent Resident Alien | Non-Permanent Resident Alien | No | 0 |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1195 | XXXXXX | 7.7638 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1230 | XXXXXX | 6.5967 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 5742.78 | XXXXXX | 6.8889 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 7248.96 | XXXXXX | 6.4162 | Employed | Employed | Permanent Resident Alien | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 787.47 | XXXXXX | 6.7539 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 9300 | XXXXXX | 6.8485 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 20048 | XXXXXX | 6.7706 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 4754 | XXXXXX | 6.833 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 6.6516 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1750 | XXXXXX | 6.7661 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 3654.08 | XXXXXX | 6.93 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 115 | XXXXXX | 6.6282 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 7.2799 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 16295 | XXXXXX | 7.393 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2834.5 | XXXXXX | 6.7923 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1499 | XXXXXX | 6.8885 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;88 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.5094 | Employed | Unemployed | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 790.09 | XXXXXX | 6.7119 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1845 | XXXXXX | 7.4015 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1975 | XXXXXX | 6.9919 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1670 | XXXXXX | 6.9288 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 795 | XXXXXX | 6.51 | Employed | Employed | U.S. Citizen | Permanent Resident Alien | No | 0 |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1720 | XXXXXX | 6.8068 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.7372 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.5 | Employed | Unemployed | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.3751 | Unemployed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 27495 | XXXXXX | 6.8814 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;69 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1275 | XXXXXX | 6.7635 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;93 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1695 | XXXXXX | 6.9264 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;72 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1542.8 | XXXXXX | 6.3994 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1195 | XXXXXX | 6.8989 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;94 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1195 | XXXXXX | 6.5147 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 3401.1 | XXXXXX | 6.6899 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1490 | XXXXXX | 6.5283 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2890.43 | XXXXXX | 6.546 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1150 | XXXXXX | 6.8901 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 5115 | XXXXXX | 6.9085 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 36382.2 | XXXXXX | 6.49 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 6.3933 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1770 | XXXXXX | 6.3692 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1690 | XXXXXX | 6.7923 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 12735 | XXXXXX | 6.4992 | Retired | Retired | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1195 | XXXXXX | 6.8919 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2545 | XXXXXX | 6.5533 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;99 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2234 | XXXXXX | 6.416 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 14724.38 | XXXXXX | 6.8367 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1735 | XXXXXX | 6.6495 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1195 | XXXXXX | 6.8903 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 455.44 | XXXXXX | 6.5795 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1995 | XXXXXX | 6.9134 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1890 | XXXXXX | 6.3924 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 545 | XXXXXX | 6.389 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 17624.16 | XXXXXX | 7.0885 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 11855 | XXXXXX | 6.936 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1394 | XXXXXX | 6.6699 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2010 | XXXXXX | 6.6411 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1295 | XXXXXX | 7.2782 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;108 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 3102.5 | XXXXXX | 6.5348 | Employed | Unemployed | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 17578.66 | XXXXXX | 7.077 | Employed | Employed | Non-Permanent Resident Alien | Non-Permanent Resident Alien | No | 0 |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1535 | XXXXXX | 6.9281 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;110 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 3142.15 | XXXXXX | 6.7715 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 26285 | XXXXXX | 7.4044 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |

---

------

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Loan Level<br>ATR/QM<br>Status** | **Application<br>Date Prior<br>to 1/10/2014** | **TRID<br>Indicator** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **GSE<br>Eligible** | **QRM<br>Flag** | **ATR/QM<br>Total<br>Points<br>and Fees** | **Rate<br>Lock<br>Date** | **APR** | **Bwr 1<br>Employment<br>Indicator** | **Bwr 2<br>Employment<br>Indicator** | **Bwr 1 Foreign<br>National<br>Indicator** | **Bwr 2 Foreign<br>National<br>Indicator** | **Residual<br>Income<br>Analysis<br>in File** | **ATR/<br>QM<br>Residual<br>Income** |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1790 | XXXXXX | 7.143 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2245 | XXXXXX | 6.7661 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;114 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1465 | XXXXXX | 7.3933 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 50834.06 | XXXXXX | 6.3535 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;116 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1050 | XXXXXX | 6.8876 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1050 | XXXXXX | 7.1438 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1499 | XXXXXX | 6.5268 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1920 | XXXXXX | 6.6514 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1580 | XXXXXX | 6.7828 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 6.6493 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 644.7 | XXXXXX | 6.506 | Employed | Unemployed | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 15148 | XXXXXX | 6.6611 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 9567.45 | XXXXXX | 7.1669 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2065 | XXXXXX | 6.811 | Retired | Retired | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1490 | XXXXXX | 6.6425 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1230 | XXXXXX | 6.5189 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 13409 | XXXXXX | 6.917 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 5723.62 | XXXXXX | 6.9372 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 7.146 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1080 | XXXXXX | 6.7656 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 2287.56 | XXXXXX | 6.4982 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 5686.38 | XXXXXX | 6.4558 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1150 | XXXXXX | 6.5117 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 380 | XXXXXX | 6.2516 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 500 | XXXXXX | 6.3871 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1195 | XXXXXX | 6.6428 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 15969.88 | XXXXXX | 6.3712 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 11458 | XXXXXX | 6.2248 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1790 | XXXXXX | 6.1401 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1549 | XXXXXX | 6.3918 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2072.6 | XXXXXX | 6.905 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 5201.25 | XXXXXX | 6.4316 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1333.02 | XXXXXX | 6.1578 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2485 | XXXXXX | 6.6488 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2867.56 | XXXXXX | 6.775 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1495 | XXXXXX | 6.661 | Unemployed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 5390 | XXXXXX | 6.1671 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1590 | XXXXXX | 6.5236 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1720 | XXXXXX | 6.9038 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | Yes | Yes | 1995 | XXXXXX | 6.5605 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 5.9215 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 6.2621 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 2545 | XXXXXX | 6.4344 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1500 | XXXXXX | 6.4157 | Employed | Employed | Non-Permanent Resident Alien | Non-Permanent Resident Alien | No | 0 |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1355 | XXXXXX | 6.5062 | Employed | Employed | U.S. Citizen | U.S. Citizen | No | 0 |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX | QM: Safe Harbor (APOR) | No | Yes | XXXXXX | XXXXXX | No | Yes | 1745 | XXXXXX | 6.3922 | Employed | (No Data) | U.S. Citizen | (No Data) | No | 0 |

---

## Exhibit 99.4

**EXHIBIT 99.4** 

**CLAYTON LOAN LEVEL TAPE COMPARE UPLOAD** 

------

---

| | |
|:---|:---|
| **Client Name:** |  |
| **Client Project Name:** | PNMAC PMTLT 2025-J4 |
| **Loan Level Tape Compare Upload** |  |
| *Loans in Report* | *121* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Borrower<br>Last Name** | **Field Name** | **Tape Data** | **Reviewer Data** |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | XXXXXX | Cash Reserves | 691952.58 | 78168.63 |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | XXXXXX | Origination Channel | Broker | Correspondent Flow with delegated underwriting |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 24.8900 | 32.7386 |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | XXXXXX | Cash Reserves | 626637.67 | 295720.48 |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | XXXXXX | Cash Reserves | 487462.09 | 87967.63 |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | XXXXXX | Borrower 1 Total Income | 39619.18 | 3286.07 |
| &nbsp;&nbsp;&nbsp;133 | XXXXXX | XXXXXX | Original Appraisal Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | XXXXXX | Cash Reserves | 518901.00 | 48107.97 |
| &nbsp;&nbsp;&nbsp;3 | XXXXXX | XXXXXX | Cash Reserves | 959118.26 | 422413.73 |
| &nbsp;&nbsp;&nbsp;3 | XXXXXX | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | XXXXXX | Cash Reserves | 164358.47 | 31923.03 |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | XXXXXX | Borrower 1 Total Income | 11539.67 | 7043.42 |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | XXXXXX | Cash Reserves | 120634.31 | 0.00 |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | XXXXXX | Loan Purpose | Cashout Refi | Construction/Perm |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | XXXXXX | Cash Reserves | 307202.34 | 83665.28 |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | XXXXXX | Borrower 1 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;132 | XXXXXX | XXXXXX | Cash Reserves | 511538.03 | 89324.27 |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | XXXXXX | Cash Reserves | 664730.02 | 383069.94 |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | XXXXXX | Cash Reserves | 280103.75 | 182288.02 |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | Cash Reserves | 273230.54 | 49033.88 |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | Credit Report Date | 05/26/2025 | 05/25/2025 |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | XXXXXX | Cash Reserves | 477348.72 | 97315.77 |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | XXXXXX | Cash Reserves | 280707.03 | 36292.46 |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | XXXXXX | Cash Reserves | 403068.47 | 119182.98 |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 28.6680 | 37.4287 |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | XXXXXX | Property Street Address | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | Borrower 2 Last Name | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | Cash Reserves | 878288.51 | 228989.95 |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | Original Appraised Value | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | Sales Price | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | XXXXXX | Cash Reserves | 333376.33 | 141137.04 |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX | Cash Reserves | 257954.00 | 96885.20 |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX | Original Appraisal Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX | Property Type | Detached PUD | Attached PUD |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | Cash Reserves | 485481.89 | 114915.41 |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | Cash Reserves | 1079040.06 | 187201.88 |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | Credit Report Date | 05/31/2025 | 07/02/2025 |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | Cash Reserves | 834292.60 | 216435.76 |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | Cash Reserves | 359457.92 | 108857.79 |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | Disbursement Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | Cash Reserves | 245241.69 | 2470680.42 |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | Debt to Income Ratio (Back) | 37.0040 | 42.7016 |
| &nbsp;&nbsp;&nbsp;88 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;88 | XXXXXX | Cash Reserves | 725631.68 | 405761.30 |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | Cash Reserves | 693887.54 | 315918.90 |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | Cash Reserves | 636239.59 | 110666.51 |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | Credit Report Date | 04/14/2025 | 07/24/2025 |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | Cash Reserves | 1674354.88 | 686702.26 |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | Cash Reserves | 271491.72 | 43407.49 |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | Cash Reserves | 306274.00 | 111482.51 |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | Debt to Income Ratio (Back) | 26.2740 | 29.9907 |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | Cash Reserves | 804154.82 | 289302.43 |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | Disbursement Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | Cash Reserves | 1876824.29 | 322806.92 |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | Debt to Income Ratio (Back) | 49.1410 | 45.1115 |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | Original Appraisal Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | Property Type | Rowhouse | SFR-Attached |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | Borrower 1 Self Employed Flag | Yes | No |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | Cash Reserves | 1842321.18 | 2334090.64 |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;69 | XXXXXX | Cash Reserves | 563053.18 | 293554.94 |
| &nbsp;&nbsp;&nbsp;93 | XXXXXX | Cash Reserves | 1948645.68 | 983093.31 |
| &nbsp;&nbsp;&nbsp;72 | XXXXXX | Cash Reserves | 331591.67 | 37694.63 |
| &nbsp;&nbsp;&nbsp;72 | XXXXXX | Property Type | SFR | Detached PUD |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | Cash Reserves | 942526.00 | 163164.00 |
| &nbsp;&nbsp;&nbsp;94 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;94 | XXXXXX | Cash Reserves | 532182.68 | 214359.60 |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | Cash Reserves | 543353.38 | 74503.04 |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | Cash Reserves | 425707.53 | 181692.54 |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | Borrower 2 Last Name | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | Cash Reserves | 1121291.64 | 464086.04 |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | Disbursement Date | XXXXXX | XXXXXX |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | Cash Reserves | 928450.55 | 520616.48 |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | Cash Reserves | 883225.48 | 430230.27 |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | Cash Reserves | 340275.53 | 39274.09 |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | Cash Reserves | 455156.79 | 52765.21 |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | Cash Reserves | 1073924.00 | 257050.03 |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | Borrower 1 Total Income | 16842.99 | 11463.08 |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | Cash Reserves | 499911.36 | 140341.18 |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | Cash Reserves | 973588.72 | 311122.40 |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | Representative Credit Score for Grading | 797 | 796 |
| &nbsp;&nbsp;&nbsp;99 | XXXXXX | Cash Reserves | 1110468.41 | 589795.49 |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | Cash Reserves | 1653989.75 | 1103728.50 |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | Cash Reserves | 977513.84 | 203950.97 |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | Credit Report Date | 06/11/2025 | 07/09/2025 |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | Cash Reserves | 658231.35 | 225913.60 |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | Cash Reserves | 507845.33 | 697684.91 |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | Disbursement Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | Cash Reserves | 538646.53 | 135700.53 |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | Cash Reserves | 290835.92 | 32038.36 |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | Cash Reserves | 1206382.75 | 630606.20 |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | Cash Reserves | 2313737.65 | 1544939.47 |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | Cash Reserves | 1685817.87 | 1036349.89 |
| &nbsp;&nbsp;&nbsp;108 | XXXXXX | Cash Reserves | 3044008.64 | 1760107.93 |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | Cash Reserves | 54736.34 | 27368.17 |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | Cash Reserves | 393860.45 | 98129.46 |
| &nbsp;&nbsp;&nbsp;110 | XXXXXX | Cash Reserves | 298227.87 | 56460.07 |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | Cash Reserves | 1025830.62 | 762882.28 |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | Cash Reserves | 784708.91 | 1137831.10 |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | Debt to Income Ratio (Back) | 18.9880 | 15.7297 |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | Cash Reserves | 1076462.37 | 241249.93 |
| &nbsp;&nbsp;&nbsp;114 | XXXXXX | Borrower 1 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | Cash Reserves | 814618.60 | 317666.53 |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | Cash Reserves | 241132.92 | 90667.70 |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | Cash Reserves | 494432.00 | 72955.23 |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | Cash Reserves | 516693.97 | 147832.74 |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | Cash Reserves | 1687463.93 | 605007.18 |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | Cash Reserves | 2362653.00 | 1771565.03 |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | Cash Reserves | 1341973.86 | 337263.38 |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | Cash Reserves | 404259.26 | 151238.24 |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | Cash Reserves | 807306.38 | 520923.09 |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | Cash Reserves | 2026121.66 | 237530.77 |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | Cash Reserves | 543723.84 | 374714.53 |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | Debt to Income Ratio (Back) | 43.0590 | 46.9010 |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | Cash Reserves | 627368.40 | 80081.50 |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | Cash Reserves | 399236.41 | 126670.51 |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX | Cash Reserves | 582704.39 | 274267.58 |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | Cash Reserves | 912401.80 | 679510.56 |
| &nbsp;&nbsp;&nbsp;128 | XXXXXX | Origination Channel | Correspondent Flow with delegated underwriting | Broker |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | Cash Reserves | 267570.00 | 38192.13 |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | Cash Reserves | 351866.61 | 85359.53 |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | Cash Reserves | 4112715.14 | 2517752.00 |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX | Cash Reserves | 1103011.38 | 805532.42 |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX | Cash Reserves | 193535.04 | 123723.14 |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX | Cash Reserves | 909801.24 | 1360743.17 |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX | Disbursement Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | Cash Reserves | 598278.27 | 285600.80 |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | Cash Reserves | 1733812.30 | 173373.51 |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Ineligible - LP AUS Only |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | Cash Reserves | 444207.94 | 192083.75 |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | Cash Reserves | 578844.14 | 331277.38 |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX | Cash Reserves | 748810.70 | 246197.82 |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX | Cash Reserves | 1473000.00 | 385081.17 |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX | Cash Reserves | 1200101.53 | 749813.12 |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | Cash Reserves | 319424.00 | 87328.99 |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | Cash Reserves | 2144890.29 | 1442321.36 |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | Property Type | Rowhouse | SFR-Attached |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | Cash Reserves | 1430335.29 | 707396.45 |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX | Cash Reserves | 685967.38 | 209476.38 |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | Cash Reserves | 627636.90 | 156867.28 |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | Cash Reserves | 626598.49 | 383318.79 |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | Property City | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | Cash Reserves | 310285.50 | 65342.94 |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Accept Streamline LP AUS Only |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | Cash Reserves | 774374.57 | 315193.97 |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX | Cash Reserves | 616820.00 | 309507.03 |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | Cash Reserves | 3614887.04 | 6189600.17 |

---

## Exhibit 99.5

**EXHIBIT 99.5** 

**CLAYTON VALUATIONS SUMMARY** 

------

---

| | |
|:---|:---|
| **Client Name:** | PennyMac |
| **Client Project Name:** | PNMAC PMTLT 2025-J4 |
| *Report Run Date:* | *11/3/2025 12:55 PM* |
| **Valuations Summary** |  |
| *Loans in Report:* | *121* |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Desk Review** | **Desk Review** | **Desk Review** | **Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Field Review** | **Field Review** | **Field Review** | **Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **1004 SFR (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **2055 Ext Only (Mar 05)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **Other** | **Other** | **Other** | **Other** | **Other** | **AUS<br>Information** | | |
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Original<br>Balance** | **Sales<br>Price** | **Value for<br>LTV** | **Appraised<br>Date** | **Appraised<br>Value** | **Appraisal<br>Form** | **AVM<br>Vendor<br>Name** | **Confidence<br>Score** | **Review<br>Date** | **Review<br>Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Review<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **AVM<br>Vendor<br>Name** | **AVM<br>FSD** | **Confidence<br>Score** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Report<br>Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Other -<br>Valuation<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **CU Score** | **Valuation<br>Comments** | **Loan<br>Status** |
| &nbsp;&nbsp;&nbsp;&nbsp; 129 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | 6.47% | Clear<br>Capital | 14.000 | 86 | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 142 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 130 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.2 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 133 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | $0.00 | 0.00% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 15 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 131 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 0.56% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 138 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 136 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 139 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 135 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.6 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 132 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 75 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.9 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 42 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 39 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 86 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 10 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.8 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 29 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 144 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 134 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.2 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 17 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 146 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 140 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.9 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 67 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 143 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 87 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.8 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 89 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 90 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1073<br>Condo<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 76 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 54 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.2 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 91 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1073<br>Condo<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 92 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 10.14% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 48 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 18 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 69 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.6 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 93 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 72 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.7 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 52 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 94 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 68 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 96 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | -2.45% | Clear<br>Capital | 4.000 | 96 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 97 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 152 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | -4.42% | Clear<br>Capital | 4.000 | 96 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.8 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 141 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.6 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 73 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.6 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 147 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 63 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $1300000.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 74 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 99 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.7 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 171 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.6 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 100 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -0.71% | Clear<br>Capital | 3.000 | 97 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 101 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 104 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.6 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 53 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 57 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.6 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 106 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 107 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 150 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 108 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 82 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.6 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 110 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | XXXXXX | -1.99% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 149 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.9 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 113 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | XXXXXX | -0.54% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.8 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 114 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 115 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 116 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 117 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1073<br>Condo<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | -2.77% | Clear<br>Capital | 4.000 | 96 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 118 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 119 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 120 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 121 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 122 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | -4.89% | Clear<br>Capital | 7.000 | 93 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 123 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 124 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.9 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 125 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 126 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 180 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 165 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1073<br>Condo<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.8 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 127 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 155 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | 11.56% | Clear<br>Capital | 5.000 | 95 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 164 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 128 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 153 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 179 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | -1.09% | Clear<br>Capital | 2.000 | 98 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 162 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 6.31% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 182 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | XXXXXX | -1.69% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.9 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 160 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  | XXXXXX | XXXXXX | XXXXXX | 2.13% | Clear<br>Capital | 6.000 | 94 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 176 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.2 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 173 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 170 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 184 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 158 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 166 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 185 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 169 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | $0.00 | 0.00% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 154 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 159 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 167 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -0.34% | Clear<br>Capital | 5.000 | 95 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 186 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 163 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.6 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 174 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 187 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.6 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 156 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 168 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.8 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 175 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 181 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXXX | XXXXXX | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 | XXXXXX | Complete |
| &nbsp;&nbsp;&nbsp;&nbsp; 178 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 |  |  |  |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | 0 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 | XXXXXX | Complete |

---

## Exhibit 99.6

**EXHIBIT 99.6** 

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

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**EXECUTIVE SUMMARY** 

**DESCRIPTION OF SERVICES** 

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

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

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

The Review was conducted on one hundred fifty-seven (157) mortgage loans with an aggregate original principal balance of approximately $190.801 million.

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

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

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

AMC performed a review utilizing information collected during the Review and comparing such information against the data tape. This comparison included 40 fields as listed below. Additional detail is contained in the Data Integrity Review Summary below.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Amortization Type | Leasehold Flag (Y/N) | Original Loan Amount |
| &nbsp;&nbsp;&nbsp;Appraisal Age | Lien Position | Original PI |
| &nbsp;&nbsp;&nbsp;Appraisal Value at Origination | Lifetime Maximum Rate Ceiling | Original Property Valuation Date |
| &nbsp;&nbsp;&nbsp;ATR Exempt | Lifetime Minimum Rate Floor | Original Term to Maturity |
| &nbsp;&nbsp;&nbsp;City | Loan Purpose | Postal Code |
| &nbsp;&nbsp;&nbsp;CO Borrower Original FICO Score | Maturity Date | Prepayment Penalty Flag Y N |
| &nbsp;&nbsp;&nbsp;Documentation Type | Mortgage Insurance | Property Type |
| &nbsp;&nbsp;&nbsp;First Payment Date of Loan | Mortgage Insurance Company Name | Rate Frequency |
| &nbsp;&nbsp;&nbsp;First Rate Adjustment Date ARMs | Mortgage Insurance Percent | Sales Price |
| &nbsp;&nbsp;&nbsp;Gross Margin | Most Recent FICO Date | State |
| &nbsp;&nbsp;&nbsp;Index | Occupancy | Subsequent Interest Rate Change Down |
| &nbsp;&nbsp;&nbsp;Initial Interest Rate Cap Change Down | Original Amortization Term | Subsequent Interest Rate Change Up |
| &nbsp;&nbsp;&nbsp;Initial Interest Rate Cap Change Up | Original Interest Only Flag | |
| &nbsp;&nbsp;&nbsp;Last Name | Original Interest Rate | |

---

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Other aspects of AMC's review included (i) verifying that the address matched the mortgage note, (ii) verifying that the appraisal and the policies and procedures with regard to appraisal, including the appropriate level of review, when originating the mortgage loan, were followed, (iii) noting whether the property zip code was declared a FEMA disaster area after the valuation date and notifying client of same, (iv) confirming the appraisal report does not include any apparent environmental problems, (v) confirming the appraisal notes the current use of the property is legal or legal non-conforming (grandfathered), (vi) reviewing pictures to ensure (a) that the property is in average or better condition and any repairs are noted where required and (b) that the subject property is the one for which the valuation was ordered and that there are

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no negative external factors; and (vii) confirming that the value product that was used as part of the origination decision was directly accessible to AMC or if it was not directly accessible that another valuation product that was directly accessible to AMC was ordered in accordance with the Client's specific valuation waterfall process.

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

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

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

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

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

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

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

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

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

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

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

iii) errors in the right of rescission notice;

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

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

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

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

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

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

ii) proper execution by all required parties;

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

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

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

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

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

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

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

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

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

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

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

ii) APR threshold test;

iii) prepayment penalty threshold test; and

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

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

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Note: Where available, AMC reviewed the relevant documents in the mortgage loan file and, as necessary,
attempted to obtain the mortgage loan originator compensation agreement and/or governing policies and procedures of the mortgage loan originator. In the absence of the mortgage loan originator compensation agreement and/or governing policies and
procedures, AMC's review was limited to formal general statements of entity compliance provided by the mortgage loan originator, if any. These statements, for example, were in the form of a letter signed by the seller correspondent/mortgage
loan originator or representations in the mortgage loan purchase agreement between the Client and seller correspondent;

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

*<u>Qualified Mortgage</u>*

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

**(X) Recording Review** 

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

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

**(XI) FIRREA Review** 

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

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

**(XII) Document Review** 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

**(9) Disclaimer.** 

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

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

**SUMMARY OF FINDINGS & CONCLUSIONS OF REVIEW** 

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

**OVERALL RESULTS SUMMARY** 

There were one hundred fifty-seven (157) mortgage loans in the securitization population reviewed by AMC. After all documents were presented, under the applicable NRSRO grading criteria, one hundred eight (108) (68.79%) loans had an Overall grade of "A," and forty-nine (49) (31.21%) loans had an Overall loan grade of "B."

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| &nbsp;&nbsp;&nbsp; NRSRO Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# of Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of Loans |
| &nbsp;&nbsp;&nbsp; A | 108 | 68.79% |
| &nbsp;&nbsp;&nbsp; B | 49 | 31.21% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

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**COMPLIANCE RESULTS SUMMARY** 

Of the one hundred fifty-seven (157) loans reviewed, under the applicable NRSRO grading criteria, forty-four (44) loans had a Compliance "B" grade. Loans with a Compliance grade of "B" have multiple compliance exceptions; however, none are lower than a grade of "B."

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|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NRSRO Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# of Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of Loans |
| &nbsp;&nbsp;&nbsp; A | 113 | 71.97% |
| &nbsp;&nbsp;&nbsp; B | 44 | 28.03% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

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**CREDIT RESULTS SUMMARY** 

Of the one hundred fifty-seven (157) mortgage loans, under the applicable NRSRO grading criteria, 94.90% of the total received an "A" Credit grade. The eight (8) "B" Credit grades were due to title and/or guideline adherence.

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|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NRSRO Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# of Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of Loans |
| &nbsp;&nbsp;&nbsp; A | 149 | 94.90% |
| &nbsp;&nbsp;&nbsp; B | 8 | 5.10% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

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**PROPERTY/VALUATION RESULTS SUMMARY** 

Of the one hundred fifty-seven (157) mortgage loans, under the applicable NRSRO grading criteria, all loans received an "A" Property grade.

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|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NRSRO Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# of Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of Loans |
| &nbsp;&nbsp;&nbsp; A | 157 | 100.00% |
| &nbsp;&nbsp;&nbsp; B | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

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**EXCEPTION CATEGORY SUMMARY** 

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

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|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Exception**<br> **Type** | **Exception Category** |  | **Total** |  |
| &nbsp;&nbsp;&nbsp; Compliance<br> B | ECOA |  | 43 |  |
|  | TRID Defect |  | 14 |  |
|  | ATR/QM Defect |  | 7 |  |
|  | Missing Non-Required Data |  | 4 |  |
|  | RESPA |  | 2 |  |
|  | Flood |  | 1 |  |
|  | ***Total Compliance Grade (B) Exceptions:*** | **** | ***71*** | **** |
| &nbsp;&nbsp;&nbsp; ***Total Compliance Exceptions:*** | &nbsp;&nbsp;&nbsp; ***Total Compliance Exceptions:***  | **** | ***71*** | **** |
| &nbsp;&nbsp;&nbsp; Credit | Title |  | 7 |  |
| &nbsp;&nbsp;&nbsp; Credit | Guideline |  | 1 |  |
| &nbsp;&nbsp;&nbsp; Credit | ***Total Credit Grade (B) Exceptions:*** | **** | ***8*** | **** |
| &nbsp;&nbsp;&nbsp; ***Total Credit Exceptions:*** | &nbsp;&nbsp;&nbsp; ***Total Credit Exceptions:***  | **** | ***8*** | **** |
| &nbsp;&nbsp;&nbsp; **Grand Total:** | &nbsp;&nbsp;&nbsp; **Grand Total:**  |  | **79** |  |

---

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------

![LOGO](g72561g12c39.jpg)

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Exception**<br> **Type** | **Exception Category** |  | **Total** |  |
| &nbsp;&nbsp;&nbsp; Compliance<br> B | ECOA |  | 43 |  |
|  | TRID Defect |  | 14 |  |
|  | ATR/QM Defect |  | 8 |  |
|  | Missing Non-Required Data |  | 4 |  |
|  | RESPA |  | 2 |  |
|  | Flood |  | 1 |  |
|  | ***Total Compliance Grade (B) Exceptions:*** | **** | ***72*** | **** |
|  | ***Total Compliance Exceptions:*** | **** | ***72*** | **** |
| &nbsp;&nbsp;&nbsp; Credit | Title |  | 7 |  |
| &nbsp;&nbsp;&nbsp; Credit | Guideline |  | 1 |  |
| &nbsp;&nbsp;&nbsp; Credit | ***Total Credit Grade (B) Exceptions:*** | **** | ***8*** | **** |
|  | ***Total Credit Exceptions:*** | **** | ***8*** | **** |
|  | **Grand Total:**  |  | **80** |  |

---

**DATA INTEGRITY REVIEW SUMMARY (157 Mortgage Loans)** 

The Data Integrity Review was completed to compare information collected by AMC during the course of the review on loans reviewed by AMC for compliance versus the provided data tape. In total, AMC identified 40 fields that were compared across various loans in the population. Some of the comparison fields are conditional based on loan characteristics (ex. ARM vs. Fixed); however, AMC, in the counts below, has included in the total comparison population all loans in the securitization population regardless of whether such data field may have been applicable for the loan in questions such that a N/A is equivalent to not exhibiting a variance.

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Field Name** | **# of Variances** | **# Loans** | **% <br> Variance** |
| &nbsp;&nbsp;&nbsp; Amortization Type | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Appraisal Age | 4 | 157 | 2.55% |
| &nbsp;&nbsp;&nbsp; Appraisal Value at Origination | 1 | 157 | 0.64% |
| &nbsp;&nbsp;&nbsp; ATR Exempt | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; City | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; CO Borrower Original FICO Score | 1 | 157 | 0.64% |
| &nbsp;&nbsp;&nbsp; Documentation Type | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; First Payment Date of Loan | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; First Rate Adjustment Date ARMs | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Gross Margin | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Index | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Initial Interest Rate Cap Change Down | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Initial Interest Rate Cap Change Up | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Last Name | 0 | 157 | 0.00% |

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------

![LOGO](g72561g12c39.jpg)

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Leasehold Flag (Y/N) | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Lien Position | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Lifetime Maximum Rate Ceiling | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Lifetime Minimum Rate Floor | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Loan Purpose | 20 | 157 | 12.74% |
| &nbsp;&nbsp;&nbsp; Maturity Date | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Mortgage Insurance | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Mortgage Insurance Company Name | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Mortgage Insurance Percent | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Most Recent FICO Date | 4 | 157 | 2.55% |
| &nbsp;&nbsp;&nbsp; Occupancy | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Original Amortization Term | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Original Interest Only Flag | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Original Interest Rate | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Original Loan Amount | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Original PI | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Original Property Valuation Date | 4 | 157 | 2.55% |
| &nbsp;&nbsp;&nbsp; Original Term to Maturity | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Postal Code | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Prepayment Penalty Flag Y N | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Property Type | 5 | 157 | 3.18% |
| &nbsp;&nbsp;&nbsp; Rate Frequency | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Sales Price | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; State | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Subsequent Interest Rate Change Down | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; Subsequent Interest Rate Change Up | 0 | 157 | 0.00% |
| &nbsp;&nbsp;&nbsp; **Grand Total** | **39** | **6280** | **24.84%** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Amortization Type** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Fixed | 157 | 100.00% | $190800757.00 | 100.00% |
| &nbsp;&nbsp;&nbsp; **Total** | **157** | **100.00%** | **$190800757.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Lien Position** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; 1 | 157 | 100.00% | $190800757.00 | 100.00% |
| &nbsp;&nbsp;&nbsp; **Total** | **157** | **100.00%** | **$190800757.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Loan Purpose** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Cash Out: Other/Multi-purpose/Unknown Purpose | 5 | 3.18% | $6336650.00 | 3.32% |
| &nbsp;&nbsp;&nbsp; First Time Home Purchase | 19 | 12.10% | $19975141.00 | 10.47% |
| &nbsp;&nbsp;&nbsp; Other-than-first-time Home Purchase | 89 | 56.69% | $108875141.00 | 57.06% |
| &nbsp;&nbsp;&nbsp; Rate/Term Refinance - Borrower Initiated | 44 | 28.03% | $55613825.00 | 29.15% |
| &nbsp;&nbsp;&nbsp; **Total** | **157** | **100.00%** | **$190800757.00** | **100.00%** |

---

14 \| P a g e

------

![LOGO](g72561g12c39.jpg)

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Original Term** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; 241-360 Months | 157 | 100.00% | $190800757.00 | 100.00% |
| &nbsp;&nbsp;&nbsp; **Total** | **157** | **100.00%** | **$190800757.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Property Type** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Single Family Detached | 82 | 52.23% | $98890677.00 | 51.83% |
| &nbsp;&nbsp;&nbsp; Condo, Low Rise | 8 | 5.10% | $9339000.00 | 4.89% |
| &nbsp;&nbsp;&nbsp; Condo, High Rise | 1 | 0.64% | $920000.00 | 0.48% |
| &nbsp;&nbsp;&nbsp; PUD | 65 | 41.40% | $80710685.00 | 42.30% |
| &nbsp;&nbsp;&nbsp; Townhouse | 1 | 0.64% | $940395.00 | 0.49% |
| &nbsp;&nbsp;&nbsp; **Total** | **157** | **100.00%** | **$190800757.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Occupancy** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Primary | 149 | 94.90% | $181698107.00 | 95.23% |
| &nbsp;&nbsp;&nbsp; Second Home | 8 | 5.10% | $9102650.00 | 4.77% |
| &nbsp;&nbsp;&nbsp; **Total** | **157** | **100.00%** | **$190800757.00** | **100.00%** |

---

15 \| P a g e

## Exhibit 99.7

**EXHIBIT 99.7** 

**AMC DATA COMPARE REPORT** 

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **SAMC ID** | **Edgar Loan ID** | **FIELD** | **SAMC** | **TAPE** | **MATCH** |
| &nbsp;&nbsp;&nbsp;&nbsp; 271 | XXX | PMTLT2025-J40035 | Original Property Valuation Date | XXX | XXX | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 288 | XXX | PMTLT2025-J40127 | Original Property Valuation Date | XXX | XXX | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | PMTLT2025-J40136 | Original Property Valuation Date | XXX | XXX | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 327 | XXX | PMTLT2025-J40148 | Original Property Valuation Date | XXX | XXX | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 271 | XXX | PMTLT2025-J40035 | Appraisal Age | XXX | XXX | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 288 | XXX | PMTLT2025-J40127 | Appraisal Age | XXX | XXX | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | PMTLT2025-J40136 | Appraisal Age | XXX | XXX | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 327 | XXX | PMTLT2025-J40148 | Appraisal Age | XXX | XXX | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 250 | XXX | PMTLT2025-J40111 | CO Borrower Original FICO Score | XXX | XXX | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 202 | XXX | PMTLT2025-J40001 | Most Recent FICO Date | XXX | XXX | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 350 | XXX | PMTLT2025-J40018 | Most Recent FICO Date | XXX | XXX | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 282 | XXX | PMTLT2025-J40090 | Most Recent FICO Date | XXX | XXX | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 254 | XXX | PMTLT2025-J40130 | Most Recent FICO Date | XXX | XXX | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 351 | XXX | PMTLT2025-J40006 | Property Type | 8 | 7 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | PMTLT2025-J40071 | Property Type | 7 | 3 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 313 | XXX | PMTLT2025-J40076 | Property Type | 1 | 7 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 314 | XXX | PMTLT2025-J40077 | Property Type | 7 | 1 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 316 | XXX | PMTLT2025-J40081 | Property Type | 4 | 3 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 382 | XXX | PMTLT2025-J40013 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 227 | XXX | PMTLT2025-J40022 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 295 | XXX | PMTLT2025-J40025 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | PMTLT2025-J40027 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 297 | XXX | PMTLT2025-J40028 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 298 | XXX | PMTLT2025-J40031 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 301 | XXX | PMTLT2025-J40038 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 306 | XXX | PMTLT2025-J40061 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 273 | XXX | PMTLT2025-J40044 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 356 | XXX | PMTLT2025-J40048 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 339 | XXX | PMTLT2025-J40066 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 341 | XXX | PMTLT2025-J40068 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 312 | XXX | PMTLT2025-J40074 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 315 | XXX | PMTLT2025-J40080 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 | XXX | PMTLT2025-J40089 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 216 | XXX | PMTLT2025-J40097 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 255 | XXX | PMTLT2025-J40131 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 360 | XXX | PMTLT2025-J40134 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 291 | XXX | PMTLT2025-J40135 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 328 | XXX | PMTLT2025-J40152 | Loan Purpose | 7 | 6 | DELTA |
| &nbsp;&nbsp;&nbsp;&nbsp; 345 | XXX | PMTLT2025-J40132 | Appraisal Value at Origination | XXX | XXX | DELTA |

---

## Exhibit 99.8

**EXHIBIT 99.8** 

**AMC EXCEPTION GRADES** 

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Edgar Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up**<br> **Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 202 | XXX | PMTLT2025-<br>J40001 | XXX |  | 34032315 |  | Credit | Loan Package<br>Documentation | Closing / Title | Missing<br>Document | Missing<br>Document:<br>Security<br>Instrument -<br>Subject Lien<br>not provided |  | The first page<br>of the Security<br>Instrument is<br>missing. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Security<br>instrument<br>provided,<br>exception cleared.<br>Seller Comment<br>[Redacted]: Page<br>1 | [Redacted] |  |  | 1 D A |  | XXX | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 226 | XXX | PMTLT2025-<br>J40002 | XXX |  | 34186388 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Ten<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated Disclosure:<br>Ten Percent Fee<br>Tolerance exceeded.<br>Total amount of<br>$900.00 exceeds<br>tolerance of $750.00<br>plus 10% or $825.00.<br>Insufficient or no cure<br>was provided to the<br>borrower. | Recording Fee<br>increased on<br>[Redacted]5<br>Closing<br>Disclosure with<br>no valid change<br>evident |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient cure<br>provided. Full<br>cure amount for<br>tolerance<br>violation was<br>provided at or<br>before closing (on<br>final CD)<br>resulting in a<br>cleared exception.<br>Seller Comment<br>[Redacted]: COC<br>Seller Comment<br>[Redacted]: cured<br>at closing | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 226 | XXX | PMTLT2025-<br>J40002 | XXX |  | 34187220 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee Tolerance<br>exceeded for Lender<br>Credits. Final Lender<br>Credit of $-7,712.90<br>exceeds tolerance of<br>$-8,746.00.<br>Insufficient or no cure<br>was provided to the<br>borrower. | The Lender<br>Credit was<br>decreased on<br>reissued Loan<br>Estimate dated<br>[Redacted] ,<br>with no valid<br>change<br>evidence, |  |  |  |  |  | [Redacted] |  | 2 C B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 226 | XXX | PMTLT2025-<br>J40002 | XXX |  | 34187283 |  | Credit | Missing<br>Document | General | Missing<br>Document | Missing<br>Document:<br>Verification of<br>Non-US<br>Citizen Status<br>not provided |  | Per final 1003,<br>borrower is<br>[Redacted] ,<br>however,<br>Identification<br>card was not<br>provided. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>permanent<br>resident alien<br>card. Seller<br>Comment<br>[Redacted]:<br>Unexpired Green<br>Card attached. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 226 | XXX | PMTLT2025-<br>J40002 | XXX |  | 34187394 |  | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title Policy<br>Amount of - is less<br>than the note amount<br>of - based on the - in<br>file. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 267 | XXX | PMTLT2025-<br>J40003 | XXX |  | 34347984 |  | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. |  |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received REO<br>documents. Seller<br>Comment<br>[Redacted]: As it<br>applies to HOA<br>dues, our process<br>is to look at the<br>address and other<br>documentation in<br>the file. If nothing<br>indicates a condo<br>or PUD (ex. Unit<br>number) we<br>typically will not<br>request<br>verification of<br>HOA. The DTI is<br>38% so if there<br>are dues the<br>impact would be<br>minimal. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 267 | XXX | PMTLT2025-<br>J40003 | XXX |  | 34348018 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified Mortgage<br>(Dodd-Frank<br>[Redacted]):<br>Originator Loan<br>Designation of Safe<br>Harbor QM (APOR)<br>does not match Due<br>Diligence Loan<br>Designation of QM<br>(APOR) Risk. | Waterfall due to<br>missing Income<br>and REO<br>documents. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received income<br>documents. | [Redacted] |  |  | 1 B A C |  | XXX | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 267 | XXX | PMTLT2025-<br>J40003 | XXX |  | 34348019 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Income/Asset<br>Guideline<br>Deficiency -<br>QM Impact | General QM: There<br>are guideline<br>deficiencies related to<br>income and/or asset<br>doc requirements<br>which could result in<br>a risk to the<br>borrower's ability to<br>repay. (Exception is<br>eligible to be regraded<br>with compensating<br>factors.) | Waterfall due to<br>missing Income<br>and REO<br>documents. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received income<br>documents. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 267 | XXX | PMTLT2025-<br>J40003 | XXX |  | 34348031 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM: Based<br>on the loan failing one<br>or more guideline<br>components, the loan<br>is at QM risk. | Waterfall due to<br>missing Income<br>and REO<br>documents. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received income<br>documents. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 267 | XXX | PMTLT2025-<br>J40003 | XXX |  | 34348044 |  | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Income Docs<br>Missing: |  | AUS required 2<br>years business<br>and personal<br>tax returns, only<br>1040 transcripts<br>were provided. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received income<br>documents. Seller<br>Comment<br>[Redacted]:<br>Signed [Redacted]<br>1120 Reviewer<br>Comment<br>[Redacted]: Need<br>signed [Redacted]<br>1120 Seller<br>Comment<br>[Redacted]: Tax<br>Returns | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 267 | XXX | PMTLT2025-<br>J40003 | XXX |  | 34348055 |  | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Income<br>documentation<br>requirements<br>not met. |  | Waterfall due to<br>missing Income<br>and REO<br>documents. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received income<br>documents. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 383 | XXX | PMTLT2025-<br>J40004 | XXX |  | 34347357 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before<br>Closing (3-<br>Day Waiver In<br>File) | ECOA Valuations<br>Rule (Dodd-Frank<br>[Redacted]):<br>Borrower waived<br>right to receive a copy<br>of the appraisal at<br>least three (3)<br>business days prior to<br>closing, and appraisal<br>was not provided at or<br>before closing. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Higher<br>Priced<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 383 | XXX | PMTLT2025-<br>J40004 | XXX |  | 34347358 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before<br>Closing (3-<br>Day Waiver In<br>File) | ECOA Valuations<br>Rule (Dodd-Frank<br>[Redacted]):<br>Borrower waived<br>right to receive a copy<br>of the appraisal at<br>least three (3)<br>business days prior to<br>closing, and appraisal<br>was not provided at or<br>before closing. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Higher<br>Priced<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 383 | XXX | PMTLT2025-<br>J40004 | XXX |  | 34347360 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified Mortgage<br>(Dodd-Frank<br>[Redacted]):<br>Originator Loan<br>Designation of Safe<br>Harbor QM (APOR)<br>does not match Due<br>Diligence Loan<br>Designation of Higher<br>Priced QM<br>(APOR).[Redacted] |  |  |  |  |  |  |  |  | 1 B A C |  | XXX | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Higher<br>Priced<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 383 | XXX | PMTLT2025-<br>J40004 | XXX |  | 34347367 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM: Self<br>Employed Tax<br>Returns - The<br>business or personal<br>tax returns provided<br>are not the most<br>recent. Application<br>Date [Redacted],<br>Most Recent Tax<br>Return End Date<br>[Redacted], Tax<br>Return Due Date<br>[Redacted].[Redacted] |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Higher<br>Priced<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 383 | XXX | PMTLT2025-<br>J40004 | XXX |  | 34347459 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure No<br>Seller Paid<br>Fees Primary<br>Residence<br>First Lien | TRID Final Closing<br>Disclosure [Redacted]<br>on a first lien<br>purchase transaction<br>did not disclose any<br>Seller paid fees/<br>charges on page 2. |  |  |  |  |  |  | [Redacted] |  | 2 C B |  | XXX | Primary | Purchase | Letter of<br>Explanation<br>& Corrected<br>Closing<br>Disclosure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Higher<br>Priced<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 383 | XXX | PMTLT2025-<br>J40004 | XXX |  | 34351838 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check<br>Restated Loan<br>Designation<br>Match - QM /<br>ATR | Ability to Repay /<br>Qualified Mortgage<br>(Dodd-Frank<br>[Redacted]): The<br>initial Loan<br>Designation provided<br>did not match,<br>however, the updated<br>Loan Designation of<br>Higher Priced QM<br>(APOR) matches the<br>Due Diligence Loan<br>Designation of Higher<br>Priced QM<br>(APOR).[Redacted] |  |  |  |  |  |  |  |  | 2 A B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Higher<br>Priced<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 369 | XXX | PMTLT2025-<br>J40005 | XXX |  | 34346680 |  | Credit | Disclosure | Missing<br>Document | Disclosure | E-sign<br>Consent<br>Agreement is<br>missing. |  | Missing<br>electronic<br>consent. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>econsent. Seller<br>Comment<br>[Redacted]: E-<br>consent[Redacted] |  |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 369 | XXX | PMTLT2025-<br>J40005 | XXX |  | 34347450 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Ten<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated Disclosure:<br>Ten Percent Fee<br>Tolerance exceeded.<br>Total amount of<br>$225.00 exceeds<br>tolerance of $162.00<br>plus 10% or $178.20.<br>Insufficient or no cure<br>was provided to the<br>borrower. | Recording Fee<br>increased on<br>Loan Estimate<br>dated[Redacted]<br>with no valid<br>change evident. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received corrected<br>PCCD and LOE<br>Seller Comment<br>[Redacted]:<br>PCCD |  | [Redacted] |  | 2 C B |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 369 | XXX | PMTLT2025-<br>J40005 | XXX |  | 34348197 |  | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. |  | AUS condition<br>16 requires<br>lease if rental is<br>not on schedule<br>E. Property is<br>departure so<br>lease would be<br>required. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received lease<br>agreement | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 369 | XXX | PMTLT2025-<br>J40005 | XXX |  | 34348262 |  | Credit | Borrower and<br>Mortgage<br>Eligibility | Mortgage /<br>Program<br>Eligibility | Borrower<br>and<br>Mortgage<br>Eligibility | AUS Findings:<br>Investor<br>qualifying<br>total debt ratio<br>discrepancy. |  | Missing lease<br>on departure<br>residence,<br>excluded rental<br>resulted in DTI<br>increase. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received lease<br>agreement Seller<br>Comment<br>[Redacted]:<br>Please see lease<br>agreement<br>attached Reviewer<br>Comment<br>[Redacted]: Need<br>lease agreement<br>and not 1007.<br>Seller Comment<br>[Redacted]: 1007 | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Edgar Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up**<br> **Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 369 | XXX | PMTLT2025-<br>J40005 | XXX |  | 34348263 |  | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Guideline | Guideline<br>Requirement:<br>Investor<br>qualifying<br>total debt ratio<br>discrepancy. |  | Missing lease on<br>departure<br>residence,<br>excluded rental<br>resulted in DTI<br>increase. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>lease<br>agreement | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 369 | XXX | PMTLT2025-<br>J40005 | XXX |  | 34348264 |  | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Income<br>documentation<br>requirements<br>not met. |  | Waterfall due to<br>missing income<br>documents and<br>DTI. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>lease<br>agreement | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 369 | XXX | PMTLT2025-<br>J40005 | XXX |  | 34348274 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>[Redacted]):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Risk. | Waterfall due to<br>missing income<br>documents and<br>DTI. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>lease<br>agreement | [Redacted] |  |  | 1 B A C |  | XXX | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 369 | XXX | PMTLT2025-<br>J40005 | XXX |  | 34348275 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor and<br>QM DTIs<br>match and<br>both<br>significantly<br>exceed<br>Guidelines | General QM:<br>The DTI<br>calculated in<br>accordance<br>with the<br>Lenders<br>Guidelines and<br>1026.43(e) of<br>57.75397%<br>significantly<br>exceeds the<br>guideline<br>maximum of<br>45.00%. (DTI<br>Exception<br>requires<br>compelling<br>compensating<br>factors to<br>consider<br>regrading to<br>EV2-B.) | Waterfall due to<br>missing income<br>documents and<br>DTI. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>lease<br>agreement | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 369 | XXX | PMTLT2025-<br>J40005 | XXX |  | 34348276 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Income/Asset<br>Guideline<br>Deficiency -<br>QM Impact | General QM:<br>There are<br>guideline<br>deficiencies<br>related to<br>income and/or<br>asset doc<br>requirements<br>which could<br>result in a risk<br>to the<br>borrower's<br>ability to<br>repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) | Waterfall due to<br>missing income<br>documents and<br>DTI. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>lease<br>agreement | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 369 | XXX | PMTLT2025-<br>J40005 | XXX |  | 34348290 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing<br>one or more<br>guideline<br>components,<br>the loan is at<br>QM risk. | Waterfall due to<br>missing income<br>documents and<br>DTI. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>lease<br>agreement | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 369 | XXX | PMTLT2025-<br>J40005 | XXX |  | 34348475 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Initial<br>Closing<br>Disclosure<br>Timing<br>without<br>Waiver | TILA-RESPA<br>Integrated<br>Disclosure:<br>Closing<br>Disclosure not<br>provided to<br>Borrower(s) at<br>least three (3)<br>business days<br>prior to<br>closing. | Missing<br>evidence of<br>initial Closing<br>Disclosure. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>initial CD<br>dated<br>[Redacted]<br>Seller<br>Comment<br>[Redacted]:<br>initial cd | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | No Defined<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 351 | XXX | PMTLT2025-<br>J40006 | XXX |  | 34346084 |  | Compliance | Compliance | Federal<br>Compliance | Missing<br>Non-<br>Required<br>Data | (Missing Data)<br>Last Rate Set<br>Date | Last Date Rate<br>Set and Initial<br>Rate Lock<br>Date not<br>provided.<br>Worst Case<br>Scenario<br>between<br>Creditor<br>Application<br>Date and<br>Transaction<br>Date used to<br>determine rate<br>used for<br>testing. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 351 | XXX | PMTLT2025-<br>J40006 | XXX |  | 34346092 |  | Compliance | Compliance | Federal<br>Compliance | RESPA | RESPA<br>Disclosure -<br>Affiliated<br>Business<br>Arrangement<br>Disclosure Not<br>Provided<br>Within 3<br>Business Days<br>of Application | RESPA<br>Disclosure<br>Rule: Creditor<br>did not provide<br>Affiliated<br>Business<br>Arrangement<br>Disclosure to<br>applicant<br>within three<br>(3) business<br>days of<br>application. | The application<br>date is<br>[Redacted] and<br>the disclosure<br>was provided<br>[Redacted]. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 379 | XXX | PMTLT2025-<br>J40007 | XXX |  | 34345982 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Ten<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Ten Percent<br>Fee Tolerance<br>exceeded.<br>Total amount<br>of $172.00<br>exceeds<br>tolerance of<br>$152.00 plus<br>10% or<br>$167.20.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 380 | XXX | PMTLT2025-<br>J40008 | XXX |  | 34349594 |  | Credit | Asset | Asset<br>Calculation /<br>Analysis | Asset | Available for<br>Closing is<br>insufficient to<br>cover Cash<br>From<br>Borrower. |  | There is a<br>$140,000<br>withdraw<br>on[Redacted]<br>[Redacted]<br>savings account,<br>it appears to be<br>towards subject<br>purchase<br>however it was<br>not reflected on<br>closing<br>disclosure. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>evidence of<br>transfer of<br>funds | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 380 | XXX | PMTLT2025-<br>J40008 | XXX |  | 34349619 |  | Credit | Asset | Asset<br>Calculation /<br>Analysis | Asset | AUS Findings:<br>Available for<br>Reserves<br>discrepancy. |  | There is a<br>$140,000<br>withdraw<br>on[Redacted]<br>[Redacted]<br>savings account,<br>it appears to be<br>towards subject<br>purchase<br>however it was<br>not reflected on<br>closing<br>disclosure. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>evidence of<br>transfer of<br>funds<br>Seller<br>Comment<br>[Redacted]:<br>Evidence<br>of 140K<br>wired to<br>Escrow<br>Company<br>previous<br>provided in<br>original<br>upload<br>under<br>D0377 | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 380 | XXX | PMTLT2025-<br>J40008 | XXX |  | 34349620 |  | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Guideline | Guideline<br>Requirement:<br>PITIA reserves<br>months<br>discrepancy. |  | There is a<br>$140,000<br>withdraw<br>on[Redacted]<br>[Redacted]<br>savings account,<br>it appears to be<br>towards subject<br>purchase<br>however it was<br>not reflected on<br>closing<br>disclosure. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>evidence of<br>transfer of<br>funds | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 380 | XXX | PMTLT2025-<br>J40008 | XXX |  | 34349626 |  | Credit | Asset | Asset<br>Documentation | Asset | Asset<br>documentation<br>requirements<br>not met. |  | Waterfall due to<br>short assets. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>evidence of<br>transfer of<br>funds | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 380 | XXX | PMTLT2025-<br>J40008 | XXX |  | 34349627 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>[Redacted]):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Risk. | Waterfall due to<br>short assets. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>evidence of<br>transfer of<br>funds | [Redacted] |  |  | 1 B A C |  | XXX | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 380 | XXX | PMTLT2025-<br>J40008 | XXX |  | 34349628 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing<br>one or more<br>guideline<br>components,<br>the loan is at<br>QM risk. | Waterfall due to<br>short assets. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>evidence of<br>transfer of<br>funds | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 380 | XXX | PMTLT2025-<br>J40008 | XXX |  | 34349629 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Income/Asset<br>Guideline<br>Deficiency -<br>QM Impact | General QM:<br>There are<br>guideline<br>deficiencies<br>related to<br>income and/or<br>asset doc<br>requirements<br>which could<br>result in a risk<br>to the<br>borrower's<br>ability to<br>repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) | Waterfall due to<br>short assets. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>evidence of<br>transfer of<br>funds | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 361 | XXX | PMTLT2025-<br>J40010 | XXX |  | 34348158 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 361 | XXX | PMTLT2025-<br>J40010 | XXX |  | 34348159 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Survey Fee.<br>Fee Amount of<br>$350.00<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 361 | XXX | PMTLT2025-<br>J40010 | XXX |  | 34348172 |  | Credit | Insurance | Insurance<br>Analysis | Insurance | Insufficient<br>Coverage:<br>Hazard<br>insurance<br>coverage<br>amount is<br>insufficient. |  |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 330 | XXX | PMTLT2025-<br>J40012 | XXX |  | 34347455 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Closing<br>Disclosure<br>Issue Date Not<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Closing<br>Disclosure<br>estimated to be<br>provided on<br>[Redacted] did<br>not disclose<br>the actual Date<br>Issued. Unable<br>to conclusively<br>determine<br>Final Closing<br>disclosure to<br>use to test for<br>compliance<br>with applicable<br>TRID timing<br>requirements,<br>TRID fee<br>tolerance<br>testing or<br>accuracy of<br>disclosures at<br>or before<br>consummation<br>due to missing<br>Issue Date.<br>Tested using<br>an estimated<br>Date Issued<br>based on best<br>information<br>available. | Issue date was<br>left blank on<br>Closing<br>Disclosure, it<br>appears issue<br>date<br>was[Redacted]ue<br>to print date. No<br>lender's<br>attestation<br>provided that<br>incomplete<br>Closing<br>Disclosure was<br>never provided<br>to borrower. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>lender<br>attestation<br>on CD's<br>with<br>missing<br>issue dates,<br>not<br>provided to<br>borrower<br>Seller<br>Comment<br>[Redacted]:<br>This<br>attestation<br>should<br>clear all<br>open<br>exceptions | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Good Faith<br>Redisclosure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Edgar Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up**<br> **Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 330 | XXX | PMTLT2025-<br>J40012 | XXX |  | 34347458 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Closing<br>Disclosure Issue<br>Date Not Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Closing<br>Disclosure<br>estimated to be<br>provided on<br>[Redacted] did<br>not disclose<br>the actual Date<br>Issued. Unable<br>to conclusively<br>determine<br>Final Closing<br>disclosure to<br>use to test for<br>compliance<br>with applicable<br>TRID timing<br>requirements,<br>TRID fee<br>tolerance<br>testing or<br>accuracy of<br>disclosures at<br>or before<br>consummation<br>due to missing<br>Issue Date.<br>Tested using<br>an estimated<br>Date Issued<br>based on best<br>information<br>available. | Issue date was<br>left blank on<br>Closing<br>Disclosure, it<br>appears issue<br>date was<br>[Redacted]ue to<br>print date. No<br>lender's<br>attestation<br>provided that<br>incomplete<br>Closing<br>Disclosure was<br>never provided to<br>borrower. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>lender<br>attestation<br>on CD's<br>with<br>missing<br>issue dates,<br>not<br>provided to<br>borrower | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Good Faith<br>Redisclosure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 330 | XXX | PMTLT2025-<br>J40012 | XXX |  | 34348605 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Revised Loan<br>Estimate Issue and<br>Received Date ><br>Closing Disclosure<br>Issue and Received<br>Date | TILA-RESPA<br>Integrated<br>Disclosure:<br>Revised Loan<br>Estimate<br>provided on or<br>after the date<br>the Closing<br>Disclosure was<br>provided. (The<br>Revised Loan<br>Estimate was<br>received on or<br>after the<br>Closing<br>Disclosure.) | Incomplete<br>Closing<br>Disclosures<br>presumed issued<br>[Redacted] and<br>[Redacted] are<br>prior to Loan<br>Estimate issued<br>[Redacted].<br>Disclosure was<br>not labeled as<br>Draft and there is<br>no lender<br>attestation that<br>the Disclosure<br>was never<br>provided to<br>borrower. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>lender<br>attestation<br>on CD's<br>with<br>missing<br>issue dates,<br>not<br>provided to<br>borrower | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | No Defined<br>Cure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 330 | XXX | PMTLT2025-<br>J40012 | XXX |  | 34348606 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Revised Loan<br>Estimate Issue and<br>Received Date ><br>Closing Disclosure<br>Issue and Received<br>Date | TILA-RESPA<br>Integrated<br>Disclosure:<br>Revised Loan<br>Estimate<br>provided on or<br>after the date<br>the Closing<br>Disclosure was<br>provided. (The<br>Revised Loan<br>Estimate was<br>received on or<br>after the<br>Closing<br>Disclosure.) | Incomplete<br>Closing<br>Disclosures<br>presumed issued<br>[Redacted] and<br>[Redacted] are<br>prior to Loan<br>Estimate<br>issued[Redacted].<br>Disclosure was<br>not labeled as<br>Draft and there is<br>no lender<br>attestation that<br>the Disclosure<br>was never<br>provided to<br>borrower. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>lender<br>attestation<br>on CD's<br>with<br>missing<br>issue dates,<br>not<br>provided to<br>borrower | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | No Defined<br>Cure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 330 | XXX | PMTLT2025-<br>J40012 | XXX |  | 34348607 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Revised Loan<br>Estimate Issue and<br>Received Date ><br>Closing Disclosure<br>Issue and Received<br>Date | TILA-RESPA<br>Integrated<br>Disclosure:<br>Revised Loan<br>Estimate<br>provided on or<br>after the date<br>the Closing<br>Disclosure was<br>provided. (The<br>Revised Loan<br>Estimate was<br>received on or<br>after the<br>Closing<br>Disclosure.) | Incomplete<br>Closing<br>Disclosures<br>presumed issued<br>[Redacted] and<br>[Redacted] are<br>prior to Loan<br>Estimate<br>issued[Redacted].<br>Disclosure was<br>not labeled as<br>Draft and there is<br>no lender<br>attestation that<br>the Disclosure<br>was never<br>provided to<br>borrower. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>lender<br>attestation<br>on CD's<br>with<br>missing<br>issue dates,<br>not<br>provided to<br>borrower | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | No Defined<br>Cure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 377 | XXX | PMTLT2025-<br>J40014 | XXX |  | 34347091 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Copy of Appraisal<br>Not Provided 3<br>Business Days Prior<br>to Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Appraisal report<br>dated [Redacted]<br>missing evidence<br>of receipt. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 377 | XXX | PMTLT2025-<br>J40014 | XXX |  | 34347092 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Copy of Appraisal<br>Not Provided 3<br>Business Days Prior<br>to Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]:<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | AVM report<br>dated [Redacted]<br>missing evidence<br>of receipt. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 373 | XXX | PMTLT2025-<br>J40015 | XXX |  | 34346673 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero Percent<br>Tolerance Violation<br>With Sufficient<br>Cure Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$750.00<br>exceeds<br>tolerance of<br>$650.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 268 | XXX | PMTLT2025-<br>J40016 | XXX |  | 34350621 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero Percent<br>Tolerance Violation<br>Without Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$39,046.80<br>exceeds<br>tolerance of<br>$10,374.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Fee increased on<br>[Redacted] losing<br>Disclosure with<br>no valid change<br>evident. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>Received<br>Valid COC<br>dated<br>[Redacted].<br>Seller<br>Comment<br>[Redacted]:<br>COC | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 376 | XXX | PMTLT2025-<br>J40017 | XXX |  | 34347526 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero Percent<br>Tolerance Violation<br>With Sufficient<br>Cure Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$1,100.00<br>exceeds<br>tolerance of<br>$800.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. |  |  |  |  |  |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 376 | XXX | PMTLT2025-<br>J40017 | XXX |  | 34348240 |  | Credit | Title | Document<br>Error | Title | The Preliminary<br>title policy is within<br>[Redacted] or<br>[Redacted] and<br>does not reflect a<br>coverage amount<br>(no final title policy<br>in file). Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 376 | XXX | PMTLT2025-<br>J40017 | XXX |  | 34350175 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero Percent<br>Tolerance Violation<br>Without Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Mortgage<br>Broker Fee.<br>Fee Amount of<br>$22,993.35<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 376 | XXX | PMTLT2025-<br>J40017 | XXX |  | 34350176 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero Percent<br>Tolerance Violation<br>Without Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$1,100.00<br>exceeds<br>tolerance of<br>$800.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 350 | XXX | PMTLT2025-<br>J40018 | XXX |  | 34761494 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized. AVM<br>supports value.<br>Vendor/FSD do not<br>meet Fitch criteria.<br>Sec ID: 10 | Note<br>Date: ___;<br>Lien<br>Position: ___ | Investor to Order. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>waived |  |  | [Redacted] | 2 A D |  | XXX | Primary | Purchase | D A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 350 | XXX | PMTLT2025-<br>J40018 | XXX |  | 34761557 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Copy of Appraisal<br>Not Provided 3<br>Business Days Prior<br>to Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Appraisal report<br>dated [Redacted]<br>missing evidence<br>of receipt. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>waived |  |  | [Redacted] | 2 B |  | XXX | Primary | Purchase | D A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 378 | XXX | PMTLT2025-<br>J40019 | XXX |  | 34346682 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero Percent<br>Tolerance Violation<br>With Sufficient<br>Cure Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$171.50<br>exceeds<br>tolerance of<br>$150.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 372 | XXX | PMTLT2025-<br>J40020 | XXX |  | 34347342 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized. AVM<br>supports value.<br>Vendor/FSD do not<br>meet Fitch criteria.<br>Sec ID: 10 |  |  |  |  |  |  |  |  | [Redacted] | 2 A D |  | XXX | Primary | Refinance<br>- Rate/<br>Term | D A C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 372 | XXX | PMTLT2025-<br>J40020 | XXX |  | 34347369 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Copy of Appraisal<br>Not Provided 3<br>Business Days Prior<br>to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | D A C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 372 | XXX | PMTLT2025-<br>J40020 | XXX |  | 34347370 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Copy of Appraisal<br>Not Provided 3<br>Business Days Prior<br>to Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | D A C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 372 | XXX | PMTLT2025-<br>J40020 | XXX |  | 34349882 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero Percent<br>Tolerance Violation<br>Without Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Mortgage<br>Broker Fee.<br>Fee Amount of<br>$10,111.50<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD A C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 269 | XXX | PMTLT2025-<br>J40021 | XXX |  | 34430288 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero Percent<br>Tolerance Violation<br>With Sufficient<br>Cure Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$1,000.00<br>exceeds<br>tolerance of<br>$900.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 269 | XXX | PMTLT2025-<br>J40021 | XXX |  | 34430317 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized. AVM<br>supports value.<br>Vendor/FSD do not<br>meet Fitch criteria.<br>Sec ID: 10 | Note Date:<br>___; Lien<br>Position: ___ |  |  |  |  |  |  |  |  | 2 A D |  | XXX | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 227 | XXX | PMTLT2025-<br>J40022 | XXX |  | 34428299 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final Closing<br>Disclosure Total Of<br>Payments | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Calculations:<br>Final Closing<br>Disclosure<br>provided on<br>[Redacted]<br>disclosed an<br>inaccurate<br>Total of<br>Payments on<br>page 5 that<br>does not match<br>the actual total<br>of payments<br>for the loan<br>(fee amounts<br>included in<br>TOP<br>calculation are<br>based on<br>Closing<br>Disclosure<br>dated<br>[Redacted]).<br>The disclosed<br>Total of<br>Payments in<br>the amount of<br>$2,042,693.26<br>is under<br>disclosed by<br>$134.50<br>compared to<br>the calculated<br>total of<br>payments of<br>$2,042,827.76<br>which exceeds<br>the $100.00<br>threshold. | Underdisclosure<br>was resolved on<br>post-closing<br>Closing<br>Disclosure<br>[Redacted],<br>however Letter<br>of Explanation,<br>Proof of Delivery<br>and Refund<br>check for<br>underdisclosed<br>equivalent<br>amount was not<br>provided to<br>complete cure. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>PCCD,<br>LOE, Copy<br>of Refund<br>Check and<br>Proof of<br>Mailing.<br>Seller<br>Comment<br>[Redacted]:<br>Post CD |  | [Redacted] |  | 2 C B |  | XXX | Primary | Purchase | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Refund check<br>for<br>underdisclosed<br>equivalent<br>amount,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Edgar Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up**<br> **Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 227 | XXX | PMTLT2025-<br>J40022 | XXX |  | 34428300 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Will Have<br>Escrow<br>Account | TILA-RESPA<br>Integrated<br>Disclosure - Loan<br>Disclosures: Final<br>Closing Disclosure<br>provided on<br>[Redacted]<br>incorrectly<br>disclosed whether<br>the loan will have<br>an escrow account. | Closing<br>Disclosure<br>pages 1 and 2<br>indicate no<br>escrows,<br>however<br>page 4<br>indicates<br>there will be<br>an escrow<br>account but<br>lists all<br>expense as<br>non-<br>escrowed. |  |  |  | Reviewer Comment<br>[Redacted]:<br>[Redacted] received<br>Letter of<br>Explanation &<br>Corrected Closing<br>Disclosure. Seller<br>Comment<br>[Redacted]:<br>corrected CD with<br>LOE |  | [Redacted] |  | 2 C B |  | XXX | Primary | Purchase | Letter of<br>Explanation<br>& Corrected<br>Closing<br>Disclosure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 227 | XXX | PMTLT2025-<br>J40022 | XXX |  | 34428301 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Will Not Have<br>Escrow<br>Account | TILA-RESPA<br>Integrated<br>Disclosure - Loan<br>Disclosures: Final<br>Closing Disclosure<br>provided on<br>[Redacted]<br>incorrectly<br>disclosed whether<br>the loan will have<br>an escrow account. | Closing<br>Disclosure<br>pages 1 and 2<br>indicate no<br>escrows,<br>however<br>page 4<br>indicates<br>there will be<br>an escrow<br>account but<br>lists all<br>expense as<br>non-<br>escrowed. |  |  |  | Reviewer Comment<br>[Redacted]:<br>Property Costs<br>Over Year 1<br>acceptable based on<br>amounts on Page 1<br>per SFA TRID<br>Grid. Seller<br>Comment<br>[Redacted]: Please<br>clear as all others<br>have been cleared | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Letter of<br>Explanation<br>& Corrected<br>Closing<br>Disclosure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 229 | XXX | PMTLT2025-<br>J40024 | XXX |  | 34427826 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee. Fee<br>Amount of<br>$750.00 exceeds<br>tolerance of<br>$600.00.<br>Insufficient or no<br>cure was provided<br>to the borrower. | Fee increased<br>on<br>[Redacted]<br>Closing<br>Disclosure<br>with no valid<br>change<br>evident. |  |  |  | Reviewer Comment<br>[Redacted]:<br>[Redacted] received<br>Letter of<br>Explanation, Proof<br>of Delivery, Copy<br>of Refund Check,<br>and Corrected CD.<br>Seller Comment<br>[Redacted]: cure<br>Reviewer Comment<br>[Redacted]:<br>[Redacted]Received<br>Corrected PCCD,<br>Proof of Mailing<br>and Copy of Check;<br>however, LOE to<br>borrower not<br>provided. Also,<br>$150 cure required<br>and copy of check<br>shows $81. Provide<br>LOE to borrower,<br>additional copy of<br>check for $69 along<br>with proof of<br>Mailing. Seller<br>Comment<br>[Redacted]: Post<br>CD and cure |  | [Redacted] |  | 2 C B |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 229 | XXX | PMTLT2025-<br>J40024 | XXX |  | 34427917 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Partial<br>Payments | TILA-RESPA<br>Integrated<br>Disclosure - Loan<br>Disclosures: Final<br>Closing Disclosure<br>provided on<br>[Redacted]<br>incorrectly<br>disclosed whether<br>the loan allows for<br>Partial Payments. | The Final<br>CD has two<br>boxes<br>checked in<br>the "Partial<br>Payments"<br>section on<br>page 4, 1)<br>May hold<br>them and 2)<br>Does not<br>accept and<br>partial<br>payments. |  |  |  | Reviewer Comment<br>[Redacted]:<br>[Redacted] received<br>Letter of<br>Explanation &<br>Corrected Closing<br>Disclosure. Seller<br>Comment<br>[Redacted]: pccd,<br>cure |  | [Redacted] |  | 2 C B |  | XXX | Primary | Purchase | Letter of<br>Explanation<br>& Corrected<br>Closing<br>Disclosure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 295 | XXX | PMTLT2025-<br>J40025 | XXX |  | 34429415 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee. Fee<br>Amount of<br>$865.00 exceeds<br>tolerance of<br>$850.00.<br>Insufficient or no<br>cure was provided<br>to the borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 295 | XXX | PMTLT2025-<br>J40025 | XXX |  | 34429416 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Processing Fee.<br>Fee Amount of<br>$799.00 exceeds<br>tolerance of $0.00.<br>Insufficient or no<br>cure was provided<br>to the borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 295 | XXX | PMTLT2025-<br>J40025 | XXX |  | 34429532 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations<br>Rule (Dodd-Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy of<br>each valuation to<br>applicant three (3)<br>business days prior<br>to consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 295 | XXX | PMTLT2025-<br>J40025 | XXX |  | 34429533 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations<br>Rule (Dodd-Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy of<br>each valuation to<br>applicant three (3)<br>business days prior<br>to consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 295 | XXX | PMTLT2025-<br>J40025 | XXX |  | 34429534 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations<br>Rule (Dodd-Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy of<br>each valuation to<br>applicant three (3)<br>business days prior<br>to consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 295 | XXX | PMTLT2025-<br>J40025 | XXX |  | 34429535 |  | Compliance | Compliance | Federal<br>Compliance | Missing<br>Non-<br>Required<br>Data | (Missing Data)<br>Last Rate Set<br>Date | Last Date Rate Set<br>and Initial Rate<br>Lock Date not<br>provided. Worst<br>Case Scenario<br>between Creditor<br>Application Date<br>and Transaction<br>Date used to<br>determine rate<br>used for testing. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 295 | XXX | PMTLT2025-<br>J40025 | XXX |  | 34649491 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee. Fee<br>Amount of<br>$865.00 exceeds<br>tolerance of<br>$850.00. Sufficient<br>or excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  |  |  |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 296 | XXX | PMTLT2025-<br>J40026 | XXX |  | 34429074 |  | Credit | Hazard<br>Insurance | Insufficient<br>Coverage | Hazard<br>Insurance | The Hazard<br>Insurance<br>Policy<br>effective date<br>is after the<br>funds<br>disbursed. |  | Homeowners<br>insurance<br>policy has an<br>effective date<br>of [Redacted]<br>and started<br>after the loan<br>closed on<br>[Redacted]. |  |  |  | Reviewer Comment<br>[Redacted]:<br>Received policy<br>with effective date<br>of [Redacted]hich<br>is the same day as<br>disbursement.<br>Seller Comment<br>[Redacted]: HOI | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 296 | XXX | PMTLT2025-<br>J40026 | XXX |  | 34429077 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property<br>-<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date: ___;<br>Lien Position: ___ |  |  |  |  |  |  |  |  | 2 A D |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 296 | XXX | PMTLT2025-<br>J40026 | XXX |  | 34429176 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>22,916.00 exceeds<br>tolerance of $-<br>26,703.00.<br>Insufficient or no<br>cure was provided<br>to the borrower. | Lender<br>Credit was<br>decreased on<br>Loan<br>Estimate<br>issued<br>[Redacted]<br>and again on<br>Closing<br>Disclosure<br>issued<br>[Redacted].<br>There was a<br>Change of<br>Circumstance<br>for decreased<br>of origination<br>credit that<br>was not valid<br>for this<br>change as it<br>gave no<br>reason. |  |  |  | Reviewer Comment<br>[Redacted]: Upon<br>review, consumer<br>within 0% tolerance<br>requirement Seller<br>Comment<br>[Redacted]: COC's | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | PMTLT2025-<br>J40027 | XXX |  | 34446456 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations<br>Rule (Dodd-Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy of<br>each valuation to<br>applicant three (3)<br>business days prior<br>to consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | PMTLT2025-<br>J40027 | XXX |  | 34446470 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Total Of<br>Payments | TILA-RESPA<br>Integrated<br>Disclosure - Loan<br>Calculations: Final<br>Closing Disclosure<br>provided on<br>[Redacted]<br>disclosed an<br>inaccurate Total of<br>Payments on page<br>5 that does not<br>match the actual<br>total of payments<br>for the loan (fee<br>amounts included<br>in TOP calculation<br>are based on<br>Closing Disclosure<br>dated [Redacted]).<br>The disclosed<br>Total of Payments<br>in the amount of<br>$2,045,850.26 is<br>under disclosed by<br>$350.00 compared<br>to the calculated<br>total of payments<br>of $2,046,200.26<br>which exceeds the<br>$100.00 threshold. |  |  |  |  |  |  | [Redacted] |  | 2 C B |  | XXX | Primary | Purchase | TILA<br>Material<br>Disclosure<br>Cure -<br>Provide the<br>following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Refund<br>check for<br>under<br>disclosed<br>equivalent<br>amount,<br>Corrected<br>CD, and Re-<br>open<br>Rescission<br>(required on<br>rescindable<br>transactions) C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 297 | XXX | PMTLT2025-<br>J40028 | XXX |  | 34427176 |  | Property | Property -<br>Appraisal | Appraisal Data<br>Integrity | Property<br>-<br>Appraisal | Square feet on<br>the Appraisal<br>does not match<br>the square feet<br>on the BPO. | - [Redacted] |  |  |  |  |  |  |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 297 | XXX | PMTLT2025-<br>J40028 | XXX |  | 34427451 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Will Not Have<br>Escrow -<br>Reason | TILA-RESPA<br>Integrated<br>Disclosure - Loan<br>Disclosures: Final<br>Closing Disclosure<br>provided on<br>[Redacted]<br>incorrectly<br>disclosed whether<br>the loan will have<br>an escrow<br>account.[Redacted] |  |  |  |  |  |  |  |  | 2 C B |  | XXX | Primary | Purchase | Letter of<br>Explanation<br>& Corrected<br>Closing<br>Disclosure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 297 | XXX | PMTLT2025-<br>J40028 | XXX |  | 34427465 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations<br>Rule (Dodd-Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy of<br>each valuation to<br>applicant three (3)<br>business days prior<br>to consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 297 | XXX | PMTLT2025-<br>J40028 | XXX |  | 34427466 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations<br>Rule (Dodd-Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy of<br>each valuation to<br>applicant three (3)<br>business days prior<br>to consummation. |  |  |  |  | Reviewer Comment<br>[Redacted]: cleared | [Redacted] |  |  | 1 B A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 297 | XXX | PMTLT2025-<br>J40028 | XXX |  | 34764288 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property<br>-<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  |  |  |  |  |  | [Redacted] |  |  | 1 A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Edgar Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up**<br> **Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 352 | XXX | PMTLT2025-<br>J40029 | XXX |  | 34429761 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Appraisal report<br>dated [Redacted]<br>missing evidence<br>of receipt. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | PMTLT2025-<br>J40034 | XXX |  | 34446595 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three<br>(3) business<br>days prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing. | Evidence of<br>appraisal receipt<br>not provided. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | PMTLT2025-<br>J40034 | XXX |  | 34446596 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>3,127.00<br>exceeds<br>tolerance of $-<br>4,452.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Lender Credit was<br>decreased on<br>Closing Disclosure<br>issued [Redacted].<br>No valid change of<br>circumstance was<br>evident and no<br>tolerance cure was<br>noted. |  |  |  | Reviewer Comment<br>[Redacted]: Upon<br>further review lender<br>credit correctly disclosed<br>to consumer. Seller<br>Comment [Redacted]:<br>COC | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | PMTLT2025-<br>J40034 | XXX |  | 34446598 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | Loan<br>originated as<br>Primary<br>residence, yet<br>URLA<br>declarations<br>indicates<br>borrower will<br>not occupy. | - | Borrower 2<br>declarations on<br>final 1003 reflects<br>borrower 2 does<br>not intend to<br>occupy as primary<br>residence. |  |  |  | Reviewer Comment<br>[Redacted]: B2 NOB.<br>Seller Comment<br>[Redacted]: B1 will<br>occupy the property as<br>[Redacted] primary<br>residence and B2 is a<br>non-occupant co-<br>borrower. This is<br>acceptable per AUS<br>Jumbo guidelines. Is<br>there a concern that I can<br>address? Thanks! | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 271 | XXX | PMTLT2025-<br>J40035 | XXX |  | 34430307 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Appraisal report<br>dated [Redacted]<br>missing evidence<br>of receipt. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 271 | XXX | PMTLT2025-<br>J40035 | XXX |  | 34430310 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | Exception is an<br>ATR informative<br>EV2 (non-material)<br>exception and is set<br>because, although<br>extensions may<br>have been filed, the<br>loan is being<br>qualified on<br>income that is not<br>considered most<br>recent. Exception<br>can be left open or<br>waived as it cannot<br>be cured or cleared. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 271 | XXX | PMTLT2025-<br>J40035 | XXX |  | 34430311 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | Exception is an<br>ATR informative<br>EV2 (non-material)<br>exception and is set<br>because, although<br>extensions may<br>have been filed, the<br>loan is being<br>qualified on<br>income that is not<br>considered most<br>recent. Exception<br>can be left open or<br>waived as it cannot<br>be cured or cleared. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 271 | XXX | PMTLT2025-<br>J40035 | XXX |  | 34430312 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | Exception is an<br>ATR informative<br>EV2 (non-material)<br>exception and is set<br>because, although<br>extensions may<br>have been filed, the<br>loan is being<br>qualified on<br>income that is not<br>considered most<br>recent. Exception<br>can be left open or<br>waived as it cannot<br>be cured or cleared. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 271 | XXX | PMTLT2025-<br>J40035 | XXX |  | 34430314 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Interim<br>Closing<br>Disclosure<br>Timing Test | TILA-RESPA<br>Integrated<br>Disclosure -<br>Corrected<br>Closing<br>Disclosure<br>provided on or<br>after<br>[Redacted]<br>contains a<br>change in APR<br>and a complete<br>Closing<br>Disclosure was<br>not received by<br>borrower at<br>least three (3)<br>business days<br>prior to<br>consummation | 2nd Closing<br>Disclosure issued<br>[Redacted] was<br>incomplete,<br>missing affidavit<br>that this disclosure<br>was not provided<br>to borrower., . |  |  |  | Reviewer Comment<br>[Redacted]: SitusAMC<br>received Lender<br>attestation confirming<br>CD's not provided to<br>consumer and were<br>incomplete Seller<br>Comment [Redacted]:<br>Attestation | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | TRID timing<br>exception, no<br>remediation<br>available. C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 299 | XXX | PMTLT2025-<br>J40036 | XXX |  | 34431069 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>[Redacted]):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Fail. | Waterfall due to<br>QM points and fees<br>exception. |  |  |  | Reviewer Comment<br>[Redacted]: Received<br>evidence of<br>undiscounted rate and<br>price. Seller Comment<br>[Redacted]: Lock,<br>pricing Reviewer<br>Comment [Redacted]:<br>Document provided<br>reflects price is 2.00%<br>and a total of 3.477<br>points were paid,<br>however final CD only<br>reflects 2 points were<br>paid so the rat was not<br>bought down. Exception<br>remains. Seller<br>Comment [Redacted]:<br>discount point fee<br>disclosure | [Redacted] |  |  | 1 B A C |  | XXX | Primary | Purchase | Lender to<br>provide<br>updated ATR/<br>QM status C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 299 | XXX | PMTLT2025-<br>J40036 | XXX |  | 34431070 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | QM Points and<br>Fees<br>[Redacted] | Qualified<br>Mortgage<br>(Dodd Frank<br>[Redacted]):<br>Points and Fees<br>on subject loan<br>of 3.09529% is<br>in excess of the<br>allowable<br>maximum of<br>3.00000% of<br>the Federal<br>Total Loan<br>Amount. Points<br>and Fees total<br>$38,746.62 on<br>a Federal Total<br>Loan Amount<br>of [Redacted]<br>vs. an<br>allowable total<br>of $37,553.83<br>(an overage of<br>$1,192.79 or<br>.09529%). | Undiscounted rate<br>exceeded APOR,<br>subsequently no<br>discount points can<br>be excluded from<br>QM fees. |  |  |  | Reviewer Comment<br>[Redacted]: Received<br>evidence of<br>undiscounted rate and<br>price. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 299 | XXX | PMTLT2025-<br>J40036 | XXX |  | 34431083 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Revised<br>Loan Estimate<br>Issue and<br>Received Date<br>> Closing<br>Disclosure<br>Issue and<br>Received Date | TILA-RESPA<br>Integrated<br>Disclosure:<br>Revised Loan<br>Estimate<br>provided on or<br>after the date<br>the Closing<br>Disclosure was<br>provided. (The<br>Revised Loan<br>Estimate was<br>received on or<br>after the<br>Closing<br>Disclosure.) | Incomplete Closing<br>Disclosure was<br>issued[Redacted],<br>missing affidavit<br>that this disclosure<br>was never<br>presented to<br>borrower. |  |  |  | Reviewer Comment<br>[Redacted]: [Redacted]<br>received LOE to remove<br>CD dated [Redacted] not<br>provided to borrower.<br>Seller Comment<br>[Redacted]: Attestation<br>letter | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | No Defined<br>Cure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 300 | XXX | PMTLT2025-<br>J40037 | XXX |  | 34428654 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date: ___;<br>Lien Position:<br>___ |  |  |  |  |  |  |  |  | 2 A D |  | XXX | Primary | Purchase | D A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 300 | XXX | PMTLT2025-<br>J40037 | XXX |  | 34428964 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | AVM report dated<br>[Redacted] missing<br>evidence of receipt. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | D A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 307 | XXX | PMTLT2025-<br>J40040 | XXX |  | 34590737 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Final<br>Closing<br>Disclosure<br>Amount<br>Financed Test | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Calculations:<br>Final Closing<br>Disclosure<br>provided on<br>[Redacted]<br>disclosed an<br>Amount<br>Financed<br>disclosed an<br>inaccurate<br>Amount<br>Financed. The<br>disclosed<br>Amount<br>Financed in the<br>amount of<br>$[Redacted] is<br>over disclosed<br>by $125.64<br>compared to the<br>calculated<br>Amount<br>Financed of<br>[Redacted] and<br>the disclosed<br>Finance Charge<br>is not accurate<br>within<br>applicable<br>tolerances for<br>Amount<br>Financed to be<br>considered<br>accurate (fee<br>amounts<br>included in<br>Amount<br>Financed and<br>Finance Charge<br>calculations are<br>based on<br>Closing<br>Disclosure<br>dated<br>[Redacted]). | Amount Financed<br>over disclosed by<br>$125.64, which is<br>the Title-State<br>Premium Tax that<br>was not included in<br>the APR after<br>reviewing the<br>Itemization and<br>Closing<br>Instructions. |  |  |  | Reviewer Comment<br>[Redacted]: Upon<br>further review the<br>Amount Financed was<br>correctly disclosed to<br>consumer Seller<br>Comment [Redacted]:<br>Response | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 307 | XXX | PMTLT2025-<br>J40040 | XXX |  | 34590738 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Final<br>Closing<br>Disclosure<br>Finance<br>Charge | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Calculations:<br>Final Closing<br>Disclosure<br>provided on<br>[Redacted]<br>disclosed an<br>inaccurate<br>Finance Charge<br>on page 5 that<br>does not match<br>the actual<br>Finance Charge<br>for the loan.<br>The disclosed<br>Finance Charge<br>in the amount<br>of<br>$1,508,566.68<br>is under<br>disclosed by<br>$125.64<br>compared to the<br>calculated<br>Finance Charge<br>of<br>$1,508,692.32<br>which exceeds<br>the $35.00<br>threshold (fee<br>amounts<br>included in<br>Finance Charge<br>calculation are<br>based on<br>Closing<br>Disclosure<br>dated<br>[Redacted]). | Finance Charge<br>under disclosed by<br>$125.64, which is<br>the Title-State<br>Premium Tax that<br>was not included in<br>the APR after<br>reviewing the<br>Itemization and<br>Closing<br>Instructions. |  |  |  | Reviewer Comment<br>[Redacted]: Upon<br>further review finance<br>charge was correctly<br>disclosed to consumer | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Refund check<br>for<br>underdisclosed<br>amount,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 355 | XXX | PMTLT2025-<br>J40041 | XXX |  | 34591834 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Ten<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Ten<br>Percent Fee<br>Tolerance<br>exceeded. Total<br>amount of<br>$175.00<br>exceeds<br>tolerance of<br>$120.00 plus<br>10% or<br>$132.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer Comment<br>[Redacted]: Sufficient<br>Cure Provided At<br>Closing |  | [Redacted] |  | 1 A |  | XXX | Second<br>Home | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 272 | XXX | PMTLT2025-<br>J40042 | XXX |  | 34589954 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Ten<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Ten<br>Percent Fee<br>Tolerance<br>exceeded. Total<br>amount of<br>$5,145.00<br>exceeds<br>tolerance of<br>$1,681.00 plus<br>10% or<br>$1,849.10.<br>$3,295.90 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Recording Fee and<br>Title Insurance<br>increased with no<br>valid change<br>evident. |  |  |  | Reviewer Comment<br>[Redacted]: [Redacted]<br>received Letter of<br>Explanation, Proof of<br>Delivery, Copy of<br>Refund Check, and<br>Corrected CD. Seller<br>Comment [Redacted]:<br>cure Reviewer Comment<br>[Redacted]: [Redacted]<br>received COC dated<br>[Redacted] for change in<br>recording fee due to<br>change in loan Purpose<br>from refinance to<br>Purchase but as per<br>available documents and<br>final CD the loan is<br>refinance but the fee<br>charged at closing is not<br>reduced as per previous<br>purpose to refinance. As<br>per provided certified<br>copy of final SS the<br>recording fee charged at<br>closing is $96 only.<br>Seems the increased fee<br>was for Transfer tax.<br>Please provide more<br>information for increase<br>in fee to validate the<br>change or cure would be<br>required. Seller<br>Comment [Redacted]:<br>COC |  | [Redacted] |  | 2 C B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 272 | XXX | PMTLT2025-<br>J40042 | XXX |  | 34589955 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Re-<br>Inspection Fee.<br>Fee Amount of<br>$340.00<br>exceeds<br>tolerance of<br>$0.00. $340.00<br>over legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Appraisal Re-<br>Inspection Fee<br>increased on<br>[Redacted] Loan<br>Estimate and again<br>on [Redacted]<br>Closing Disclosure<br>with no valid<br>change evident. |  |  |  | Reviewer Comment<br>[Redacted]: [Redacted]<br>received Letter of<br>Explanation, Proof of<br>Delivery, Copy of<br>Refund Check, and<br>Corrected CD. Seller<br>Comment [Redacted]:<br>We have refunded the<br>borrower the $150 rush<br>fee. The added re-<br>inspection fee contains a<br>valid COC as the<br>Appraisal was made<br>"Subject to" Reviewer<br>Comment [Redacted]:<br>[Redacted]: The COC<br>dated [Redacted] &<br>[Redacted] that was<br>provided in the trailing<br>images was also<br>provided in the original<br>loan package. But it<br>does not give sufficient<br>information on what<br>impacts and why the re-<br>inspection fee $190<br>added on [Redacted] and<br>$150 rush fee added to<br>re-inspection fee. In<br>order to reevaluate and<br>re-baseline this<br>exception [Redacted]<br>also required for the re-<br>inspection fee added and<br>rush fee requested. If<br>borrower requested to<br>rush the appraisal, then<br>provide documentation<br>of borrower requested<br>change and it should<br>include the date of the<br>borrower's change<br>request and be<br>documented in writing<br>through copy of<br>borrower emails,<br>Communication log or<br>screenshot of LO notes<br>in LOX, etc. Otherwise,<br>cure is required to<br>borrower. Seller<br>Comment [Redacted]:<br>The Appraisal & 1004D<br>incurred RUSH fees to<br>meet borrower's closing<br>date Reviewer Comment<br>[Redacted]: [Redacted]<br>received COCs for<br>increase in fee due to<br>borrower requested for<br>rush. Possible that<br>borrower requests the<br>rush of the appraisal,<br>then in that case the<br>borrower opted to<br>choose the rush fee.<br>Documentation needed,<br>would be like some kind<br>of<br>borrow[Redacted]oker<br>acknowledgment, such<br>as communication log,<br>etc. Must show borrower<br>request[Redacted]quired,<br>and then is not a fee and<br>not directly imposed by<br>lender. Seller Comment<br>[Redacted]: COC's |  | [Redacted] |  | 2 C B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 272 | XXX | PMTLT2025-<br>J40042 | XXX |  | 34590012 |  | Compliance | Compliance | Federal<br>Compliance | TILA Right-<br>to-Cancel<br>Missing,<br>Incorrect,<br>Incomplete<br>and/or<br>provided on<br>the wrong<br>form | TILA<br>Rescission -<br>Disbursement<br>Date Less than<br>3 Business<br>Days From<br>Transaction<br>Date | Truth in<br>Lending Act:<br>Subject loan<br>transaction<br>disbursed on<br>[Redacted],<br>prior to three<br>(3) business<br>days from<br>transaction date<br>of [Redacted]. | Subject loan<br>transaction<br>disbursed on<br>[Redacted], prior to<br>three (3) business<br>days from<br>transaction date of<br>[Redacted]. |  |  |  | Reviewer Comment<br>[Redacted]: Received<br>final settlement<br>statement reflecting<br>disbursement date of<br>[Redacted]. Seller<br>Comment [Redacted]:<br>Settlement Statement | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | TILA ROR -<br>Provide the<br>following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery, and<br>Re-open<br>Rescission<br>using the<br>correct model<br>form C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 272 | XXX | PMTLT2025-<br>J40042 | XXX |  | 34591904 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$775.00<br>exceeds<br>tolerance of<br>$625.00.<br>$150.00 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Appraisal fee<br>increased on Loan<br>Estimate[Redacted]<br>with no valid<br>change evident. |  |  |  | Reviewer Comment<br>[Redacted]: [Redacted]<br>received Letter of<br>Explanation, Proof of<br>Delivery, Copy of<br>Refund Check, and<br>Corrected CD. Seller<br>Comment [Redacted]:<br>Refund of $150<br>provided for the Rush<br>fee Reviewer Comment<br>[Redacted]: [Redacted]:<br>The COC dated<br>[Redacted] that was<br>provided in the trailing<br>images was also<br>provided in the original<br>loan package. But it<br>does not give sufficient<br>information on what<br>impacts and why the<br>rush fee of $150 added<br>to appraisal fee. In order<br>to reevaluate and re-<br>baseline this exception<br>[Redacted] also required<br>reason on why the rush<br>was ordered. If borrower<br>requested to rush the<br>appraisal, then provide<br>documentation of<br>borrower requested<br>change and it should<br>include the date of the<br>borrower's change<br>request and be<br>documented in writing<br>through copy of<br>borrower emails,<br>Communication log or<br>screenshot of LO notes<br>in LOX, etc. Otherwise,<br>cure is required to<br>borrower. Seller<br>Comment [Redacted]:<br>The Appraisal & 1004D<br>incurred RUSH fees to<br>meet borrower's closing<br>date Reviewer Comment<br>[Redacted]:<br>[Redacted]received<br>COCs for increase in fee<br>due to borrower<br>requested for rush.<br>Possible that borrower<br>requests the rush of the<br>appraisal, then in that<br>case the borrower opted<br>to choose the rush fee.<br>Documentation needed,<br>would be like some kind<br>of<br>borrow[Redacted]oker<br>acknowledgment, such<br>as communication log,<br>etc. Must show borrower<br>request[Redacted]quired,<br>and then is not a fee and<br>not directly imposed by<br>lender. Seller Comment<br>[Redacted]: COC |  | [Redacted] |  | 2 C B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Edgar Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying**<br> **Party** | **Follow-up**<br> **Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 374 | XXX | PMTLT2025-<br>J40043 | XXX |  | 34611866 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 |  |  |  |  |  |  |  |  |  | 2 A D |  | XXX | Second<br>Home | Refinance<br>- Cash-<br>out -<br>Other | D A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 374 | XXX | PMTLT2025-<br>J40043 | XXX |  | 34611890 |  | Compliance | Compliance | Federal<br>Compliance | Missing<br>Non-<br>Required<br>Data | (Missing Data)<br>Last Rate Set<br>Date | Last Date Rate<br>Set and Initial<br>Rate Lock Date<br>not provided.<br>Worst Case<br>Scenario<br>between<br>Creditor<br>Application<br>Date and<br>Transaction<br>Date used to<br>determine rate<br>used for testing. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Second<br>Home | Refinance<br>- Cash-<br>out -<br>Other | D A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 374 | XXX | PMTLT2025-<br>J40043 | XXX |  | 34611948 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not<br>provided at or<br>before closing. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Second<br>Home | Refinance<br>- Cash-<br>out -<br>Other | D A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 374 | XXX | PMTLT2025-<br>J40043 | XXX |  | 34611949 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not<br>provided at or<br>before closing. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Second<br>Home | Refinance<br>- Cash-<br>out -<br>Other | D A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 273 | XXX | PMTLT2025-<br>J40044 | XXX |  | 34598007 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Survey Fee. Fee<br>Amount of<br>$275.00<br>exceeds<br>tolerance of<br>$0.00. $275.00<br>over legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 273 | XXX | PMTLT2025-<br>J40044 | XXX |  | 34598288 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not<br>provided at or<br>before closing. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 206 | XXX | PMTLT2025-<br>J40045 | XXX |  | 34600781 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not<br>provided at or<br>before closing. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | D A C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 206 | XXX | PMTLT2025-<br>J40045 | XXX |  | 34600782 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not<br>provided at or<br>before closing. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | D A C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 206 | XXX | PMTLT2025-<br>J40045 | XXX |  | 34600794 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 |  |  |  |  |  |  |  |  |  | 2 A D |  | XXX | Primary | Purchase | D A C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 206 | XXX | PMTLT2025-<br>J40045 | XXX |  | 34601289 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$4,925.60<br>exceeds<br>tolerance of<br>$3,751.00.<br>$1,174.60 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD A C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 206 | XXX | PMTLT2025-<br>J40045 | XXX |  | 34601296 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$1,625.00<br>exceeds<br>tolerance of<br>$1,175.00.<br>$450.00 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  |  | [Redacted] |  | 2 C B |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD A C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 308 | XXX | PMTLT2025-<br>J40046 | XXX |  | 34597617 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Appraisal<br>report dated<br>[Redacted]<br>was received<br>[Redacted]<br>with Note<br>date<br>of[Redacted]<br>missing<br>evidence of<br>waiver. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 308 | XXX | PMTLT2025-<br>J40046 | XXX |  | 34597621 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 338 | XXX | PMTLT2025-<br>J40047 | XXX |  | 34612241 |  | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | - |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 338 | XXX | PMTLT2025-<br>J40047 | XXX |  | 34612660 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>[Redacted]):<br>Originator Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Risk.[Redacted] |  |  |  |  |  |  |  |  | 1 B A C |  | XXX | Second<br>Home | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 338 | XXX | PMTLT2025-<br>J40047 | XXX |  | 34612661 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Income/Asset<br>Guideline<br>Deficiency -<br>QM Impact | General QM:<br>There are<br>guideline<br>deficiencies<br>related to<br>income and/or<br>asset doc<br>requirements<br>which could<br>result in a risk<br>to the<br>borrower's<br>ability to repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 338 | XXX | PMTLT2025-<br>J40047 | XXX |  | 34612662 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 338 | XXX | PMTLT2025-<br>J40047 | XXX |  | 34612671 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing one<br>or more<br>guideline<br>components,<br>the loan is at<br>QM risk. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 338 | XXX | PMTLT2025-<br>J40047 | XXX |  | 34612682 |  | Credit | Credit | Credit<br>Calculation /<br>Analysis | Guideline | Guideline<br>Requirement:<br>Representative<br>FICO score<br>discrepancy. |  |  | Allowable<br>per seller<br>guidelines.<br>Borrower has<br>been<br>employed in<br>the same<br>industry for<br>more than 5<br>years.<br>Borrower has<br>worked in the<br>same position<br>for more than<br>3 years.<br>Borrowers<br>made a down<br>payment<br>from their<br>own funds on<br>this purchase<br>transaction of<br>at least 5%<br>and<br>$5,000.00.<br>The<br>qualifying<br>DTI on the<br>loan is at<br>least 10%<br>less than the<br>guideline<br>maximum.<br>The<br>qualifying<br>DTI on the<br>loan is less<br>than or equal<br>to 35%. The<br>representative<br>FICO score is<br>above 680. | 129<br>months<br>> 3<br>months<br>required | Originator<br>Pre-Close<br>SitusAMC<br>SitusAMC<br>SitusAMC<br>SitusAMC<br>SitusAMC<br>SitusAMC<br>[Redacted] |  |  |  |  | 2 C B |  | XXX | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 338 | XXX | PMTLT2025-<br>J40047 | XXX |  | 34614012 |  | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Income<br>documentation<br>requirements<br>not met. |  |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Edgar Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up**<br> **Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 338 | XXX | PMTLT2025-<br>J40047 | XXX |  | 34614021 |  | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Guideline | AUS/<br>Guideline<br>Findings: All<br>conditions<br>were not met |  |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 356 | XXX | PMTLT2025-<br>J40048 | XXX |  | 34590958 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 356 | XXX | PMTLT2025-<br>J40048 | XXX |  | 34590960 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Transfer Tax.<br>Fee Amount of<br>$5,450.34<br>exceeds<br>tolerance of<br>$5,427.00.<br>$23.34 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 356 | XXX | PMTLT2025-<br>J40048 | XXX |  | 34591532 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$1,000.00<br>exceeds<br>tolerance of<br>$750.00.<br>$250.00 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  |  | [Redacted] |  | 2 C B |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 362 | XXX | PMTLT2025-<br>J40049 | XXX |  | 34612457 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>[Redacted]):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Risk. | Waterfall due to short<br>reserves. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Payoff was<br>double<br>counted. | [Redacted] |  |  | 1 B A C |  | XXX | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 362 | XXX | PMTLT2025-<br>J40049 | XXX |  | 34612459 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Income/Asset<br>Guideline<br>Deficiency -<br>QM Impact | General QM:<br>There are<br>guideline<br>deficiencies<br>related to<br>income and/or<br>asset doc<br>requirements<br>which could<br>result in a risk<br>to the<br>borrower's<br>ability to repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) | Waterfall due to short<br>reserves. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Payoff was<br>double<br>counted. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 362 | XXX | PMTLT2025-<br>J40049 | XXX |  | 34612462 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$2,972.26<br>exceeds<br>tolerance of<br>$177.00.<br>$2,795.26 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Loan Discount Points<br>increased on<br>[Redacted] Closing<br>Disclosure with no<br>valid change evident. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>valid COC<br>document<br>Seller<br>Comment<br>[Redacted]:<br>coc | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 362 | XXX | PMTLT2025-<br>J40049 | XXX |  | 34612507 |  | Credit | Asset | Asset<br>Documentation | Asset | Asset<br>documentation<br>requirements<br>not met. |  | Waterfall due to short<br>reserves. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Payoff was<br>double<br>counted. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 362 | XXX | PMTLT2025-<br>J40049 | XXX |  | 34612509 |  | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Guideline | Guideline<br>Requirement:<br>PITIA reserves<br>months<br>discrepancy. |  | Guideline required 3<br>months of reserves<br>however actual cost<br>to close was for 1.72<br>months only which<br>resulting in shortage. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Payoff was<br>double<br>counted.<br>Seller<br>Comment<br>[Redacted]:<br>Docs Seller<br>Comment<br>[Redacted]:<br>Based on my<br>calculations<br>it appears the<br>borrower has<br>sufficient<br>funds for<br>cash to close<br>and reserves<br>calculated as<br>follows: -<br>Required<br>funds: EMD<br>$10000 +<br>bridge loan<br>$293,365 +<br>cash from<br>borrower<br>$1429.04 +<br>reserves<br>$19,446.51 =<br>$324240.55 -<br>Verified<br>funds: EMD<br>$10000 +<br>bridge loan<br>$293,365 +<br>cash<br>$30,076.45 =<br>$333,441.45 | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 362 | XXX | PMTLT2025-<br>J40049 | XXX |  | 34612522 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing one<br>or more<br>guideline<br>components,<br>the loan is at<br>QM risk. | Waterfall due to short<br>reserves. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Payoff was<br>double<br>counted. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 208 | XXX | PMTLT2025-<br>J40050 | XXX |  | 34600464 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>8,953.70<br>exceeds<br>tolerance of $-<br>17,646.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Lender Credits<br>decreased on<br>[Redacted] Loan<br>Estimate with no<br>valid change evident. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>valid<br>Changed<br>circumstance.<br>Seller<br>Comment<br>[Redacted]: <br>COC | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 204 | XXX | PMTLT2025-<br>J40051 | XXX |  | 34588706 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Verification<br>Fee. Fee<br>Amount of<br>$70.95 exceeds<br>tolerance of<br>$0.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 205 | XXX | PMTLT2025-<br>J40052 | XXX |  | 34598237 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date: ___;<br>Lien Position:<br>___ |  |  |  |  |  |  |  |  | 2 A D |  | XXX | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 205 | XXX | PMTLT2025-<br>J40052 | XXX |  | 34598995 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 304 | XXX | PMTLT2025-<br>J40056 | XXX |  | 34612554 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Ten<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Ten<br>Percent Fee<br>Tolerance<br>exceeded. Total<br>amount of<br>$475.00<br>exceeds<br>tolerance of<br>$216.00 plus<br>10% or<br>$237.60.<br>$237.40 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Recording Fee was<br>increased on Closing<br>Disclosure[Redacted],<br>with no valid change<br>evident. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>Letter of<br>explanation,<br>Final SS and<br>Corrected<br>Closing<br>disclosure.<br>Seller<br>Comment<br>[Redacted]:<br>COC, ALTA | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 334 | XXX | PMTLT2025-<br>J40058 | XXX |  | 34611670 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | Exception is an ATR<br>informative EV2<br>(non-material)<br>exception and is set<br>because, although<br>extensions may have<br>been filed, the loan is<br>being qualified on<br>income that is not<br>considered most<br>recent. Exception can<br>be left open or<br>waived as it cannot be<br>cured or cleared. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>waived |  |  | [Redacted] | 2 B |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 334 | XXX | PMTLT2025-<br>J40058 | XXX |  | 34611677 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date: ___;<br>Lien Position:<br>___ |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>waived |  |  | [Redacted] | 2 A D |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 334 | XXX | PMTLT2025-<br>J40058 | XXX |  | 34612149 |  | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Guideline | AUS/<br>Guideline<br>Findings: All<br>conditions<br>were not met |  | Waterfall due to<br>missing REO docs. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>REO<br>documents.<br>Seller<br>Comment<br>[Redacted]:<br>REO HOA<br>Reviewer<br>Comment<br>[Redacted]:<br>Proof of<br>HOA is for<br>REO and not<br>the subject.<br>Please<br>provide proof<br>of HOA<br>Seller<br>Comment<br>[Redacted]:<br>Page 1 of the<br>Appraisal<br>shows<br>$[Redacted]<br>for HOA. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 334 | XXX | PMTLT2025-<br>J40058 | XXX |  | 34612198 |  | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | - | Property is a condo,<br>missing evidence of<br>HOA expense. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>REO<br>documents.<br>Seller<br>Comment<br>[Redacted]:<br>REO HOA<br>Reviewer<br>Comment<br>[Redacted]:<br>Proof of<br>HOA is for<br>REO and not<br>the subject.<br>Please<br>provide proof<br>of HOA<br>Seller<br>Comment<br>[Redacted]:<br>Page 1 of the<br>Appraisal<br>shows<br>$[Redacted]<br>for HOA. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 336 | XXX | PMTLT2025-<br>J40059 | XXX |  | 34588753 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$625.00<br>exceeds<br>tolerance of<br>$525.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 232 | XXX | PMTLT2025-<br>J40062 | XXX |  | 34591277 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>5,342.20<br>exceeds<br>tolerance of $-<br>6,551.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Lender credit<br>decreased on closing<br>disclosure<br>issued[Redacted] and<br>[Redacted] with no<br>valid change of<br>circumstance or cure<br>provided. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>COC dated<br>[Redacted]<br>Seller<br>Comment<br>[Redacted]:<br>Increase in<br>DTI | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Edgar Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up**<br> **Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 209 | XXX | PMTLT2025-<br>J40063 | XXX |  | 34599104 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | D A C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 209 | XXX | PMTLT2025-<br>J40063 | XXX |  | 34599155 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>18,449.38<br>exceeds<br>tolerance of $-<br>20,682.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD A C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 209 | XXX | PMTLT2025-<br>J40063 | XXX |  | 34599187 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 |  |  |  |  |  |  |  |  |  | 2 A D |  | XXX | Primary | Refinance<br>- Rate/<br>Term | D A C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 274 | XXX | PMTLT2025-<br>J40065 | XXX |  | 34589879 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations Rule<br>(Dodd-<br>Frank[Redacted]): Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not<br>provided at or<br>before closing. | Evidence of<br>appraisal<br>receipt not<br>provided. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 339 | XXX | PMTLT2025-<br>J40066 | XXX |  | 34590768 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 339 | XXX | PMTLT2025-<br>J40066 | XXX |  | 34590770 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Interim<br>Closing<br>Disclosure<br>Timing Test | TILA-RESPA<br>Integrated<br>Disclosure -<br>Corrected<br>Closing<br>Disclosure<br>provided on or<br>after [Redacted]<br>contains a<br>change in APR<br>and a complete<br>Closing<br>Disclosure was<br>not received by<br>borrower at least<br>three (3)<br>business days<br>prior to<br>consummation |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | TRID<br>timing<br>exception,<br>no<br>remediation<br>available. C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 339 | XXX | PMTLT2025-<br>J40066 | XXX |  | 34591530 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>6,232.80<br>exceeds<br>tolerance of $-<br>6,385.76.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 340 | XXX | PMTLT2025-<br>J40067 | XXX |  | 34599007 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Survey Fee. Fee<br>Amount of<br>$650.00 exceeds<br>tolerance of<br>$0.00. $650.00<br>over legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | The Survey<br>Fee was<br>moved from<br>Section H<br>on the Loan<br>Estimate to<br>Section C on<br>the Closing<br>Disclosure,<br>with no<br>valid change<br>evident. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received attestation<br>suffice Seller<br>Comment<br>[Redacted]:<br>Attestation<br>Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received rebuttal<br>comment.<br>However, we also<br>required attestation<br>letter from seller<br>which confirm that<br>the service was<br>outsourced by the<br>borrower-chosen<br>provider. This<br>attestation would<br>allow us to test the<br>fee under the no<br>tolerance category.<br>Seller Comment<br>[Redacted]: Survey<br>response[Redacted] |  |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 340 | XXX | PMTLT2025-<br>J40067 | XXX |  | 34599057 |  | Credit | Loan Package<br>Documentation | Loan File | Missing<br>Document | Missing<br>Document:<br>Hazard<br>Insurance<br>Policy not<br>provided |  |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received HOI<br>Seller Comment<br>[Redacted]: HOI | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 341 | XXX | PMTLT2025-<br>J40068 | XXX |  | 34612339 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure -<br>1026.19(f)(2)<br>Cure | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Title - Tax<br>Certificate Fee.<br>Fee Amount of<br>$87.43 exceeds<br>tolerance of<br>$85.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower. |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient Cure<br>Provided within 60<br>Days of Closing |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Provide the<br>following:<br>Letter of<br>Explanation<br>notifying<br>borrower or<br>error, Copy<br>of Refund<br>Check/<br>Evidence of<br>Principal<br>Reduction,<br>Corrected<br>CD, and<br>Proof of<br>Delivery (if<br>refund is<br>over $35) B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 341 | XXX | PMTLT2025-<br>J40068 | XXX |  | 34612340 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure -<br>1026.19(f)(2)<br>Cure | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Title -<br>Endorsement<br>Fee. Fee<br>Amount of<br>$995.90 exceeds<br>tolerance of<br>$971.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower. |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient Cure<br>Provided within 60<br>Days of Closing |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Provide the<br>following:<br>Letter of<br>Explanation<br>notifying<br>borrower or<br>error, Copy<br>of Refund<br>Check/<br>Evidence of<br>Principal<br>Reduction,<br>Corrected<br>CD, and<br>Proof of<br>Delivery (if<br>refund is<br>over $35) B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 341 | XXX | PMTLT2025-<br>J40068 | XXX |  | 34612367 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Appraisal<br>report dated<br>[Redacted]<br>was received<br>on<br>[Redacted]<br>with Note<br>date<br>of[Redacted]<br>missing<br>evidence of<br>waiver. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 357 | XXX | PMTLT2025-<br>J40070 | XXX |  | 34600269 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns provided<br>are not the most<br>recent.<br>Application<br>Date<br>[Redacted],<br>Most Recent<br>Tax Return End<br>Date<br>[Redacted], Tax<br>Return Due<br>Date<br>[Redacted]. | Exception is<br>an ATR<br>informative<br>EV2 (non-<br>material)<br>exception<br>and is set<br>because,<br>although<br>extensions<br>may have<br>been filed,<br>the loan is<br>being<br>qualified on<br>income that<br>is not<br>considered<br>most recent.<br>Exception<br>can be left<br>open or<br>waived as it<br>cannot be<br>cured or<br>cleared. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | PMTLT2025-<br>J40071 | XXX |  | 34698305 |  | Credit | Legal /<br>Regulatory /<br>Compliance | Title / Lien<br>Defect | Legal /<br>Regulatory<br>/<br>Compliance | Final Title<br>Policy is<br>missing. No<br>evidence of<br>title in file. |  |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 312 | XXX | PMTLT2025-<br>J40074 | XXX |  | 34699007 |  | Credit | Asset | Asset<br>Documentation | Asset | Missing<br>Document:<br>Gift Letter not<br>provided |  | The signed<br>Gift Letter is<br>not<br>completed.<br>Amount,<br>date,<br>property<br>address,<br>borrower/<br>donors<br>names and<br>relationship<br>is all blank. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>completed gift<br>letter. Seller<br>Comment<br>[Redacted]: Gift<br>Letter | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 312 | XXX | PMTLT2025-<br>J40074 | XXX |  | 34725849 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator Loan<br>Designation of<br>Safe Harbor QM<br>(APOR) does<br>not match Due<br>Diligence Loan<br>Designation of<br>QM (APOR)<br>Risk. | Waterfall<br>due to<br>missing gift<br>letter for<br>$271,000.00 |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>completed gift<br>letter. | [Redacted] |  |  | 1 B A C |  | XXX | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 312 | XXX | PMTLT2025-<br>J40074 | XXX |  | 34725850 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Income/Asset<br>Guideline<br>Deficiency -<br>QM Impact | General QM:<br>There are<br>guideline<br>deficiencies<br>related to<br>income and/or<br>asset doc<br>requirements<br>which could<br>result in a risk<br>to the<br>borrower's<br>ability to repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) | Waterfall<br>due to<br>missing gift<br>letter for<br>$271,000.00 |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>completed gift<br>letter. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 312 | XXX | PMTLT2025-<br>J40074 | XXX |  | 34725851 |  | Credit | Asset | Asset<br>Documentation | Asset | Asset<br>documentation<br>requirements<br>not met. |  | Waterfall<br>due to<br>missing gift<br>letter for<br>$271,000.00 |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>completed gift<br>letter. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 312 | XXX | PMTLT2025-<br>J40074 | XXX |  | 34726204 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing one<br>or more<br>guideline<br>components, the<br>loan is at QM<br>risk. | Waterfall<br>due to<br>missing gift<br>letter for<br>$271,000.00 |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>completed gift<br>letter. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 363 | XXX | PMTLT2025-<br>J40075 | XXX |  | 34714469 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Appraisal<br>report dated<br>[Redacted]<br>missing<br>evidence of<br>receipt. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Cash-<br>out -<br>Other | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 313 | XXX | PMTLT2025-<br>J40076 | XXX |  | 34709933 |  | Credit | Borrower and<br>Mortgage<br>Eligibility | Mortgage /<br>Program<br>Eligibility | Borrower<br>and<br>Mortgage<br>Eligibility | AUS Findings:<br>Investor<br>qualifying<br>total debt ratio<br>discrepancy. |  |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 313 | XXX | PMTLT2025-<br>J40076 | XXX |  | 34709959 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Edgar Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception Detail** | **Exception**<br> **Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up**<br> **Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 313 | XXX | PMTLT2025-<br>J40076 | XXX |  | 34709960 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Closing<br>Disclosure<br>Issue Date Not<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure: Closing<br>Disclosure<br>estimated to be<br>provided on<br>[Redacted] did not<br>disclose the actual<br>Date Issued. Unable<br>to conclusively<br>determine Final<br>Closing disclosure<br>to use to test for<br>compliance with<br>applicable TRID<br>timing<br>requirements, TRID<br>fee tolerance testing<br>or accuracy of<br>disclosures at or<br>before<br>consummation due<br>to missing Issue<br>Date. Tested using<br>an estimated Date<br>Issued based on best<br>information<br>available.[Redacted] |  |  |  |  |  |  |  |  | 1 C A |  | XXX | Primary | Purchase | Good Faith<br>Redisclosure D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 313 | XXX | PMTLT2025-<br>J40076 | XXX |  | 34709961 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Initial<br>Closing<br>Disclosure<br>Timing<br>without<br>Waiver | TILA-RESPA<br>Integrated<br>Disclosure: Closing<br>Disclosure not<br>provided to<br>Borrower(s) at least<br>three (3) business<br>days prior to<br>closing. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | No Defined<br>Cure D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 313 | XXX | PMTLT2025-<br>J40076 | XXX |  | 34709970 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified Mortgage<br>(Dodd-Frank<br>[Redacted]):<br>Originator Loan<br>Designation of Safe<br>Harbor QM<br>(APOR) does not<br>match Due<br>Diligence Loan<br>Designation of QM<br>(APOR) Risk.<br>[Redacted] |  |  |  |  |  |  |  |  | 1 B A C |  | XXX | Primary | Purchase | Lender to<br>provide<br>updated ATR/<br>QM status D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 313 | XXX | PMTLT2025-<br>J40076 | XXX |  | 34709971 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM: Based<br>on the loan failing<br>one or more<br>guideline<br>components, the<br>loan is at QM risk. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 313 | XXX | PMTLT2025-<br>J40076 | XXX |  | 34709982 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 |  |  |  |  |  |  |  |  | [Redacted] | 2 A D |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 277 | XXX | PMTLT2025-<br>J40078 | XXX |  | 34700357 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance exceeded<br>for Lender Credits.<br>Final Lender Credit<br>of $-9,611.71<br>exceeds tolerance of<br>$-9,651.00.<br>Insufficient or no<br>cure was provided<br>to the borrower. | Lender credit decreased<br>on LE dated [Redacted]<br>and again on CD dated<br>[Redacted] with no valid<br>change evident. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received a valid<br>COC. Seller<br>Comment<br>[Redacted]:<br>COC's | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 234 | XXX | PMTLT2025-<br>J40079 | XXX |  | 34706280 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations<br>Rule (Dodd-Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy of<br>each valuation to<br>applicant three (3)<br>business days prior<br>to consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 234 | XXX | PMTLT2025-<br>J40079 | XXX |  | 34706281 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance exceeded<br>for Lender Credits.<br>Final Lender Credit<br>of $-7,571.60<br>exceeds tolerance of<br>$-8,114.00.<br>Insufficient or no<br>cure was provided<br>to the borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 234 | XXX | PMTLT2025-<br>J40079 | XXX |  | 34706287 |  | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | - |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 234 | XXX | PMTLT2025-<br>J40079 | XXX |  | 34706294 |  | Credit | Hazard<br>Insurance | Insufficient<br>Coverage | Hazard<br>Insurance | The Hazard<br>Insurance<br>Policy<br>effective date<br>is after the<br>funds<br>disbursed. |  |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 234 | XXX | PMTLT2025-<br>J40079 | XXX |  | 34737089 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified Mortgage<br>(Dodd-Frank<br>[Redacted]):<br>Originator Loan<br>Designation of Safe<br>Harbor QM<br>(APOR) does not<br>match Due<br>Diligence Loan<br>Designation of QM<br>(APOR)<br>Risk.[Redacted] |  |  |  |  |  |  |  |  | 1 B A C |  | XXX | Primary | Purchase | Lender to<br>provide<br>updated ATR/<br>QM status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 234 | XXX | PMTLT2025-<br>J40079 | XXX |  | 34737090 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Income/Asset<br>Guideline<br>Deficiency -<br>QM Impact | General QM: There<br>are guideline<br>deficiencies related<br>to income and/or<br>asset doc<br>requirements which<br>could result in a risk<br>to the borrower's<br>ability to repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 234 | XXX | PMTLT2025-<br>J40079 | XXX |  | 34737093 |  | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Income<br>documentation<br>requirements<br>not met. |  |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 234 | XXX | PMTLT2025-<br>J40079 | XXX |  | 34737096 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM: Based<br>on the loan failing<br>one or more<br>guideline<br>components, the<br>loan is at QM risk. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 316 | XXX | PMTLT2025-<br>J40081 | XXX |  | 34699605 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Total Of<br>Payments | TILA-RESPA<br>Integrated<br>Disclosure - Loan<br>Calculations: Final<br>Closing Disclosure<br>provided on<br>[Redacted]<br>disclosed an<br>inaccurate Total of<br>Payments on page 5<br>that does not match<br>the actual total of<br>payments for the<br>loan (fee amounts<br>included in TOP<br>calculation are<br>based on Closing<br>Disclosure dated<br>[Redacted]). The<br>disclosed Total of<br>Payments in the<br>amount of<br>$2,131,635.82 is<br>under disclosed by<br>$175.00 compared<br>to the calculated<br>total of payments of<br>$2,131,810.82<br>which exceeds the<br>$100.00 threshold. | Corrected Closing<br>Disclosure was<br>provided, however letter<br>of explanation, proof of<br>refund and evidence of<br>delivery ware not<br>provided to complete<br>cure. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>Corrected CD,<br>Final settlement<br>statement &<br>LOE to<br>borrower<br>confirming<br>borrower paid<br>mobile notary<br>fee. Seller<br>Comment<br>[Redacted]: pccd<br>Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>Corrected CD &<br>Final settlement<br>statement<br>reflecting seller<br>paid mobile<br>notary fee.<br>Missing copy of<br>LOE to<br>borrower which<br>accompanied the<br>PCCD to<br>finalize Seller<br>Comment<br>[Redacted]:<br>ALTA, PCCD<br>Reviewer<br>Comment<br>[Redacted]:<br>The[Redacted]<br>CD shows the<br>mobile notary<br>fee being paid<br>by the borrower<br>in section C.<br>Seller Comment<br>[Redacted]: The<br>mobile Notary<br>fee is paid by the<br>seller therefore<br>would not be<br>included in the<br>TOP Reviewer<br>Comment<br>[Redacted]:<br>Mobile Notary<br>fee was added<br>on the PCCD<br>dated [Redacted]<br>in the amount of<br>$175.<br>[Redacted]<br>recognizes that<br>fees can be<br>updated in dry<br>funding state,<br>however, testing<br>methodology<br>generally<br>remains the<br>same. Creditors<br>are required to<br>disclose CDs<br>based on best<br>information<br>reasonably<br>known to the<br>creditor at time<br>of disclosure.<br>This best<br>information<br>reasonably<br>available<br>standard requires<br>the creditor to<br>exercise due<br>diligence in<br>obtaining the<br>information.<br>Similar to pre-<br>TRID reviews or<br>reviews of loans<br>not subject to<br>TRID, the APR,<br>Finance Charge,<br>TOP and other<br>material<br>disclosures<br>disclosed on the<br>TIL Disclosure<br>provided at<br>consummation<br>are compared to<br>the actual APR,<br>Finance Charge<br>and TOP at<br>consummation<br>(using the fees<br>from the final<br>HUD in file<br>which could be<br>dated post<br>consummation<br>on a dry state).<br>The accuracy of<br>material<br>disclosures is<br>based on the<br>disclosures<br>provided at or<br>before<br>consummation,<br>not based on a<br>TIL provided<br>post<br>consummation.<br>[Redacted]<br>reviews pursuant<br>to the SFA<br>TRID Grid,<br>Additional<br>Considerations,<br>Row 20, which<br>provides: Post<br>Close CD -<br>Material<br>Disclosures<br>Accuracy Test:<br>Prior to TRID,<br>material<br>disclosures<br>disclosed on the<br>final TIL<br>provided to the<br>borrower at or<br>before closing<br>are compared to<br>figures disclosed<br>on most recent<br>HUD-1 (issued<br>pre or post<br>close).<br>Similarly, for<br>TRID loans,<br>TPRs will<br>assume at initial<br>review that fee<br>changes<br>reflected on<br>PCCDs are<br>corrections<br>(similar to<br>corrected HUD-<br>1s), not updates<br>of fees resulting<br>from changes<br>occurring after<br>closing (lender<br>incorrectly<br>disclosed fees<br>they were aware<br>of or should<br>have been aware<br>of on final CD<br>and issued a<br>PCCD reflecting<br>actual fees that<br>should have<br>been disclosed<br>on final CD).<br>Accordingly,<br>TPR will<br>calculate the<br>APR, Finance<br>Charge and TOP<br>based on<br>corrected fees on<br>PCCD and cite<br>exceptions if<br>APR, Finance<br>Charge and TOP<br>disclosed on<br>final CD are<br>inaccurate based<br>on fees shown<br>on PCCD, an<br>EV3-C<br>exception will<br>be cited if APR,<br>Finance Charge,<br>TOP on final<br>CD are outside<br>of tolerance for<br>accuracy based<br>on fees on most<br>recent PCCD<br>issued within 60<br>days of<br>consummation<br>(PCCD greater<br>than 60 days<br>from<br>consummation<br>will require<br>accompanying<br>ALTA<br>settlement<br>statement to<br>confirm figures<br>disclosed to be<br>used for testing)<br>unless: 1)<br>discrepancy<br>results from<br>change in<br>interim interest<br>due to difference<br>in anticipated vs.<br>actual<br>disbursement<br>date; or 2) there<br>is a<br>corresponding<br>lender<br>cred[Redacted]re<br>for the amount<br>of the increase in<br>fees paid by<br>borrower<br>reflected on<br>PCCD;<br>Otherwise,<br>TILA 130(b)<br>correction with<br>LOE, refund or<br>adjustment to<br>ensure borrower<br>does not pay<br>more than<br>amount<br>disclosed, and<br>proof of delivery<br>required to cure<br>to EV2-B. For<br>rescindable<br>transactions, re-<br>opening of<br>rescission and<br>proof of receipt<br>by borrower also<br>required. If<br>changes in fee<br>amounts<br>reflected on the<br>PCCD result<br>from events that<br>occurred after<br>closing not<br>reasonably<br>known to the<br>creditor at time<br>of disclosure of<br>the final CD<br>after exercising<br>diligence in<br>obtaining such<br>information,<br>[Redacted] will<br>review and<br>consider an<br>LOE, attestation,<br>and<br>documentation<br>supporting fee<br>changes are<br>based on post<br>consummation<br>events that could<br>not reasonably<br>be known to<br>creditor and that<br>the disclosed<br>figures were<br>correct at the<br>time of<br>consummation.<br>Seller Comment<br>[Redacted]: TOP<br>response | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Refund check<br>for<br>underdisclosed<br>equivalent<br>amount,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 235 | XXX | PMTLT2025-<br>J40082 | XXX |  | 34766258 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance exceeded<br>for Survey Fee. Fee<br>Amount of $350.00<br>exceeds tolerance of<br>$0.00. $350.00 over<br>legal limit.<br>Insufficient or no<br>cure was provided<br>to the borrower. | Fee added on [Redacted]<br>Closing Disclosure with<br>no valid change evident. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>attestation<br>suffice. Seller<br>Comment<br>[Redacted]: FYI<br>- $100 Survey<br>fee disclosed in<br>Section C on the<br>loan estimate as<br>a shoppable<br>service $350 is<br>the borrower's<br>chosen title<br>company's fee | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 235 | XXX | PMTLT2025-<br>J40082 | XXX |  | 34766273 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date: ___;<br>Lien Position: ___ |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>waived |  |  | [Redacted] | 2 A D |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 235 | XXX | PMTLT2025-<br>J40082 | XXX |  | 34766296 |  | Credit | Insurance | Insurance<br>Analysis | Insurance | Insufficient<br>Coverage:<br>Hazard<br>insurance<br>coverage<br>amount is<br>insufficient. |  | Insurance coverage is<br>insufficient by<br>$200,320.00 based on<br>80% of appraisal<br>replacement cost, there<br>was no evidence of<br>extended coverage or<br>insurer's estimate of<br>replacement cost<br>provided. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received RCE<br>Seller Comment<br>[Redacted]:<br>Please see page<br>4 & page 8 | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 235 | XXX | PMTLT2025-<br>J40082 | XXX |  | 34768450 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Interim<br>Closing<br>Disclosure<br>Timing Test | TILA-RESPA<br>Integrated<br>Disclosure -<br>Corrected Closing<br>Disclosure provided<br>on or after<br>[Redacted] contains<br>a change in loan<br>product and a<br>complete Closing<br>Disclosure was not<br>received by<br>borrower at least<br>three (3) business<br>days prior to<br>consummation. | Incomplete closing<br>disclosure missing issue<br>date was assumed to be<br>issued[Redacted]missing<br>lender's affidavit that<br>this document was never<br>provided to borrower. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>attestation<br>suffice. Seller<br>Comment<br>[Redacted]:<br>Attestation | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | TRID timing<br>exception, no<br>remediation<br>available. D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 235 | XXX | PMTLT2025-<br>J40082 | XXX |  | 34768464 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Closing<br>Disclosure<br>Issue Date Not<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure: Closing<br>Disclosure<br>estimated to be<br>provided on<br>[Redacted] did not<br>disclose the actual<br>Date Issued. Unable<br>to conclusively<br>determine Final<br>Closing disclosure<br>to use to test for<br>compliance with<br>applicable TRID<br>timing<br>requirements, TRID<br>fee tolerance testing<br>or accuracy of<br>disclosures at or<br>before<br>consummation due<br>to missing Issue<br>Date. Tested using<br>an estimated Date<br>Issued based on best<br>information<br>available. | Incomplete closing<br>disclosure missing issue<br>date was assumed to be<br>issued[Redacted]missing<br>lender's affidavit that<br>this document was never<br>provided to borrower. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>attestation<br>suffice. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Good Faith<br>Redisclosure D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Edgar Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up**<br> **Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 280 | XXX | PMTLT2025-<br>J40087 | XXX |  | 34700308 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date: ___;<br>Lien Position:<br>___ |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>EV2 |  |  | [Redacted] | 2 A D |  | XXX | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 280 | XXX | PMTLT2025-<br>J40087 | XXX |  | 34700349 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Closing<br>Disclosure<br>Issue Date Not<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Closing<br>Disclosure<br>estimated to be<br>provided on<br>[Redacted] did<br>not disclose the<br>actual Date<br>Issued. Unable<br>to conclusively<br>determine Final<br>Closing<br>disclosure to<br>use to test for<br>compliance<br>with applicable<br>TRID timing<br>requirements,<br>TRID fee<br>tolerance<br>testing or<br>accuracy of<br>disclosures at<br>or before<br>consummation<br>due to missing<br>Issue Date.<br>Tested using an<br>estimated Date<br>Issued based on<br>best<br>information<br>available. | Issue date<br>was left blank<br>on Closing<br>Disclosure. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>lender<br>attestation<br>confirming<br>incomplete<br>CD and<br>missing issue<br>dates were<br>balancing<br>CD's and not<br>disclosed to<br>borrower.<br>Seller<br>Comment<br>[Redacted]:<br>Attestation<br>Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>disclosure<br>tracking for a<br>[Redacted]<br>CD.<br>However, this<br>exception<br>relates to a<br>CD provided<br>in loan<br>package that<br>is missing the<br>Issue date.<br>Please see CD<br>Doc ID 0544<br>& 0556 that is<br>missing the<br>Date Issued,<br>Closing Date<br>&<br>disbusement<br>date, missing<br>date on page<br>1 & missing<br>page 5 Loan<br>Calculations.<br>Seller<br>Comment<br>[Redacted]:<br>Sent<br>electronically | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Good Faith<br>Redisclosure D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 280 | XXX | PMTLT2025-<br>J40087 | XXX |  | 34700367 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Initial<br>Closing<br>Disclosure<br>Timing<br>without<br>Waiver | TILA-RESPA<br>Integrated<br>Disclosure:<br>Closing<br>Disclosure not<br>provided to<br>Borrower(s) at<br>least three (3)<br>business days<br>prior to closing. | Incomplete<br>CD missing<br>borrower<br>signatures. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>lender<br>attestation<br>confirming<br>incomplete<br>CD and<br>missing issue<br>dates were<br>balancing<br>CD's and not<br>disclosed to<br>borrower. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | No Defined<br>Cure D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 281 | XXX | PMTLT2025-<br>J40088 | XXX |  | 34698845 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Appraisal<br>report dated<br>[Redacted]<br>missing<br>evidence of<br>receipt. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 281 | XXX | PMTLT2025-<br>J40088 | XXX |  | 34698846 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Appraisal<br>report dated<br>[Redacted]<br>missing<br>evidence of<br>receipt. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 | XXX | PMTLT2025-<br>J40089 | XXX |  | 34724521 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>13,334.92<br>exceeds<br>tolerance of $-<br>13,543.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | Lender credit<br>fee was<br>decreased<br>on[Redacted]<br>Closing<br>Disclosure to<br>$13,334.92,<br>with no valid<br>change<br>evident. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received COC<br>dated<br>[Redacted].<br>Seller<br>Comment<br>[Redacted]:<br>COC | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 238 | XXX | PMTLT2025-<br>J40091 | XXX |  | 34713571 |  | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within<br>[Redacted] or<br>[Redacted] and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 364 | XXX | PMTLT2025-<br>J40092 | XXX |  | 34704711 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date: ___;<br>Lien Position:<br>___ |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>EV2 |  |  | [Redacted] | 2 A D |  | XXX | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 381 | XXX | PMTLT2025-<br>J40094 | XXX |  | 34700803 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 |  |  |  |  |  |  | [Redacted] |  |  | 1 D A |  | XXX | Second<br>Home | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 214 | XXX | PMTLT2025-<br>J40095 | XXX |  | 34699694 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID<br>Additional 3-<br>Day Waiting<br>Period Timing<br>Test - Regular<br>Transaction | TILA-RESPA<br>Integrated<br>Disclosure -<br>Most recent<br>Closing<br>Disclosure<br>received at least<br>3 days prior to<br>closing dated<br>[Redacted]<br>disclosed an<br>inaccurate APR<br>of 0.00000%<br>compared to the<br>actual APR at<br>consummation<br>of 6.37999%<br>and a revised<br>CD disclosing<br>an accurate<br>APR was not<br>received by<br>borrower at<br>least three (3)<br>business days<br>prior to<br>consummation. | Incomplete<br>Closing<br>Disclosure<br>was assumed<br>to be issued<br>[Redacted]<br>was missing<br>APR. No<br>affidavit was<br>provided<br>indicating the<br>borrower<br>never<br>received this<br>disclosure. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>lender<br>attestation on<br>incomplete<br>CD not issued<br>to borrower.<br>Seller<br>Comment<br>[Redacted]:<br>Attestation | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | TRID<br>timing<br>exception,<br>no<br>remediation<br>available. C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 214 | XXX | PMTLT2025-<br>J40095 | XXX |  | 34699695 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Closing<br>Disclosure<br>Issue Date Not<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Closing<br>Disclosure<br>estimated to be<br>provided on<br>[Redacted] did<br>not disclose the<br>actual Date<br>Issued. Unable<br>to conclusively<br>determine Final<br>Closing<br>disclosure to<br>use to test for<br>compliance<br>with applicable<br>TRID timing<br>requirements,<br>TRID fee<br>tolerance<br>testing or<br>accuracy of<br>disclosures at<br>or before<br>consummation<br>due to missing<br>Issue Date.<br>Tested using an<br>estimated Date<br>Issued based on<br>best<br>information<br>available. | Incomplete<br>Closing<br>Disclosure<br>was assumed<br>to be issued<br>[Redacted]<br>was missing<br>APR. No<br>affidavit was<br>provided<br>indicating the<br>borrower<br>never<br>received this<br>disclosure. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>lender<br>attestation on<br>incomplete<br>CD not issued<br>to borrower. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Good Faith<br>Redisclosure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 214 | XXX | PMTLT2025-<br>J40095 | XXX |  | 34699696 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Interim<br>Closing<br>Disclosure<br>Timing Test | TILA-RESPA<br>Integrated<br>Disclosure -<br>Corrected<br>Closing<br>Disclosure<br>provided on or<br>after<br>[Redacted]<br>contains a<br>change in APR<br>and a complete<br>Closing<br>Disclosure was<br>not received by<br>borrower at<br>least three (3)<br>business days<br>prior to<br>consummation | Incomplete<br>Closing<br>Disclosure<br>was assumed<br>to be issued<br>[Redacted]<br>was missing<br>APR. No<br>affidavit was<br>provided<br>indicating the<br>borrower<br>never<br>received this<br>disclosure. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>lender<br>attestation on<br>incomplete<br>CD not issued<br>to borrower. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | TRID<br>timing<br>exception,<br>no<br>remediation<br>available. C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 216 | XXX | PMTLT2025-<br>J40097 | XXX |  | 34701107 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Discount Fee.<br>Fee Amount of<br>$12,326.95<br>exceeds<br>tolerance of<br>$0.00.<br>$12,326.95<br>over legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. | The fee<br>originally<br>captured as<br>the<br>Origination<br>Fee for<br>$16,436.00<br>was re-<br>disclosed on<br>the[Redacted]<br>Loan<br>Estimate as a<br>Discount Fee.<br>While there is<br>a valid COC<br>for this,<br>the[Redacted]<br>LE is missing<br>from the file. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received a<br>valid COC.<br>Seller<br>Comment<br>[Redacted]:<br>LE Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>changed<br>circumstance<br>dated<br>[Redacted],<br>but a<br>corresponding<br>[Redacted]<br>was not<br>provided.<br>Please<br>provide<br>[Redacted]<br>for further<br>analysis.<br>Seller<br>Comment<br>[Redacted]:<br>COC | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 217 | XXX | PMTLT2025-<br>J40099 | XXX |  | 34706529 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date: ___;<br>Lien Position:<br>___ |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Waived | [Redacted] |  |  | 1 A D |  | XXX | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 240 | XXX | PMTLT2025-<br>J40100 | XXX |  | 34724398 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Closing<br>Disclosure<br>Issue Date Not<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Closing<br>Disclosure<br>estimated to be<br>provided on<br>[Redacted] did<br>not disclose the<br>actual Date<br>Issued. Unable<br>to conclusively<br>determine Final<br>Closing<br>disclosure to<br>use to test for<br>compliance<br>with applicable<br>TRID timing<br>requirements,<br>TRID fee<br>tolerance<br>testing or<br>accuracy of<br>disclosures at<br>or before<br>consummation<br>due to missing<br>Issue Date.<br>Tested using an<br>estimated Date<br>Issued based on<br>best<br>information<br>available. | Incomplete<br>Closing<br>Disclosure<br>missing issue<br>date was<br>signed by<br>borrower<br>on[Redacted]. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received LOA<br>Seller<br>Comment<br>[Redacted]:<br>attestation | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Good Faith<br>Redisclosure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 240 | XXX | PMTLT2025-<br>J40100 | XXX |  | 34777740 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Interim<br>Closing<br>Disclosure<br>Timing Test | TILA-RESPA<br>Integrated<br>Disclosure -<br>Corrected<br>Closing<br>Disclosure<br>provided on or<br>after<br>[Redacted]<br>contains a<br>change in loan<br>product and a<br>complete<br>Closing<br>Disclosure was<br>not received by<br>borrower at<br>least three (3)<br>business days<br>prior to<br>consummation. | Incomplete<br>Closing<br>Disclosure<br>was signed<br>by borrower<br>on[Redacted]. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received LOA | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | TRID<br>timing<br>exception,<br>no<br>remediation<br>available. C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 342 | XXX | PMTLT2025-<br>J40103 | XXX |  | 34711494 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$1,500.00<br>exceeds<br>tolerance of<br>$950.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 218 | XXX | PMTLT2025-<br>J40104 | XXX |  | 34714359 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date: ___;<br>Lien Position:<br>___ |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>waived |  |  | [Redacted] | 2 A D |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 218 | XXX | PMTLT2025-<br>J40104 | XXX |  | 34772402 |  | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Income Docs<br>Missing: | - | AUS<br>condition 13<br>required prior<br>year W2 or<br>other income<br>verification<br>nothing was<br>provided for<br>prior year. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received W2<br>Seller<br>Comment<br>[Redacted]:<br>[Redacted]<br>W2 | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 218 | XXX | PMTLT2025-<br>J40104 | XXX |  | 34772403 |  | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Income<br>documentation<br>requirements<br>not met. |  | Waterfall due<br>to missing<br>income<br>documents. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received W2 | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 218 | XXX | PMTLT2025-<br>J40104 | XXX |  | 34772406 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>[Redacted]):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Risk. | Waterfall due<br>to missing<br>income<br>documents. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received W2 | [Redacted] |  |  | 1 B A C |  | XXX | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Edgar Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up**<br> **Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 218 | XXX | PMTLT2025-<br>J40104 | XXX |  | 34772407 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing one<br>or more<br>guideline<br>components,<br>the loan is at<br>QM risk. | Waterfall<br>due to<br>missing<br>income<br>documents. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>W2 | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 218 | XXX | PMTLT2025-<br>J40104 | XXX |  | 34772408 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Income/Asset<br>Guideline<br>Deficiency - QM<br>Impact | General QM:<br>There are<br>guideline<br>deficiencies<br>related to<br>income and/or<br>asset doc<br>requirements<br>which could<br>result in a risk<br>to the<br>borrower's<br>ability to repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) | Waterfall<br>due to<br>missing<br>income<br>documents. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Received<br>W2 | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 219 | XXX | PMTLT2025-<br>J40105 | XXX |  | 34706275 |  | Compliance | Compliance | Federal<br>Compliance | Federal<br>HPML | (Fed HPML<br>Provision)<br>Federal Higher-<br>Priced Mortgage<br>Loan (1st Lien,<br>Escrow Not<br>Established) | Federal Higher-<br>Priced<br>Mortgage Loan<br>([Redacted]):<br>Mandatory<br>escrow account<br>not established<br>on [Redacted]<br>lien mortgage<br>loan. | Due to loan<br>being<br>HPML<br>Non-<br>Compliant.<br>Please<br>provide<br>evidence of<br>timely<br>receipt of<br>the<br>appraisal. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Final Cd<br>reflects<br>APR as<br>6.324%.<br>Loan is not<br>HPML.<br>Seller<br>Comment<br>[Redacted]:<br>Not Valid -<br>Final CD<br>APR is<br>6.324 -<br>APOR is<br>6.630 with<br>a rate<br>spread of - | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | If escrow was<br>established<br>before<br>consummation<br>for one<br>impound item<br>but not the<br>other (e.g.<br>taxes but not<br>insurance),<br>cure available<br>by escrowing<br>item that was<br>not previously<br>included.<br>Proof of new<br>escrow setup<br>required. If no<br>escrow<br>account was<br>established at<br>or before<br>consummation,<br>no cure<br>available. C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 219 | XXX | PMTLT2025-<br>J40105 | XXX |  | 34706276 |  | Compliance | Compliance | Federal<br>Compliance | Federal<br>HPML | Federal<br>HPML[Redacted]<br>Non Compliant | Federal Higher-<br>Priced<br>Mortgage Loan:<br>APR on subject<br>loan of<br>6.28882% or<br>Final<br>Disclosure<br>APR of<br>8.32400% is<br>equal to or<br>greater than the<br>threshold of<br>APOR 6.63% +<br>1.5%, or<br>8.13000%.<br>Non-Compliant<br>Higher Priced<br>Mortgage Loan. | Loan is<br>Non-<br>Compliant<br>HPML due<br>to missing<br>evidence of<br>appraisal<br>delivery<br>three days<br>prior to<br>closing. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Final Cd<br>reflects<br>APR as<br>6.324%.<br>Loan is not<br>HPML.<br>Seller<br>Comment<br>[Redacted]:<br>Not Valid -<br>Final CD<br>APR is<br>6.324 -<br>APOR is<br>6.630 with<br>a rate<br>spread of - | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 245 | XXX | PMTLT2025-<br>J40106 | XXX |  | 34712897 |  | Credit | Title | General | Title | Title Policy<br>Coverage is less<br>than Original<br>Loan Amount. |  |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 247 | XXX | PMTLT2025-<br>J40108 | XXX |  | 34706336 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec ID:<br>2 |  |  |  |  |  |  | [Redacted] |  |  | 1 D A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 247 | XXX | PMTLT2025-<br>J40108 | XXX |  | 34706357 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit Tolerance<br>Violation<br>Without<br>Sufficient Cure<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>7,441.52<br>exceeds<br>tolerance of $-<br>8,744.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 250 | XXX | PMTLT2025-<br>J40111 | XXX |  | 34732680 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Initial<br>Closing<br>Disclosure<br>Timing without<br>Waiver | TILA-RESPA<br>Integrated<br>Disclosure:<br>Closing<br>Disclosure not<br>provided to<br>Borrower(s) at<br>least three (3)<br>business days<br>prior to closing. | Initial<br>Closing<br>Disclosure<br>issued<br>[Redacted]<br>missing<br>evidence of<br>receipt. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>initial CD.<br>Seller<br>Comment<br>[Redacted]:<br>Initial CD<br>receipt | [Redacted] |  |  | 1 C A |  | XXX | Second<br>Home | Purchase | No Defined<br>Cure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 251 | XXX | PMTLT2025-<br>J40112 | XXX |  | 34719884 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized. AVM<br>supports value.<br>Vendor/FSD do<br>not meet Fitch<br>criteria. Sec ID:<br>10 | Note Date: ___;<br>Lien Position:<br>___ |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>waived |  |  | [Redacted] | 2 A D |  | XXX | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 252 | XXX | PMTLT2025-<br>J40113 | XXX |  | 34706703 |  | Compliance | Compliance | Federal<br>Compliance | Flood | Flood Insurance<br>Escrow - Flood<br>not Escrowed for<br>Property in Flood<br>Zone | Loan originated<br>post [Redacted]<br>, the subject<br>property is in a<br>flood zone,<br>flood insurance<br>is not escrowed. | Flood<br>Insurance is<br>not<br>escrowed. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 283 | XXX | PMTLT2025-<br>J40114 | XXX |  | 34706337 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized. AVM<br>supports value.<br>Vendor/FSD do<br>not meet Fitch<br>criteria. Sec ID:<br>10 | Note Date: ___;<br>Lien Position:<br>___ |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>EV2 |  |  | [Redacted] | 2 A D |  | XXX | Primary | Refinance<br>- Rate/<br>Term | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 286 | XXX | PMTLT2025-<br>J40116 | XXX |  | 34710586 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Initial<br>Closing<br>Disclosure<br>Timing without<br>Waiver | TILA-RESPA<br>Integrated<br>Disclosure:<br>Closing<br>Disclosure not<br>provided to<br>Borrower(s) at<br>least three (3)<br>business days<br>prior to closing. | Verification<br>of earlier<br>borrower<br>receipt of<br>the initial<br>Closing<br>Disclosure<br>was<br>missing<br>from the<br>file. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>dislcosure<br>summary<br>suffice<br>Seller<br>Comment<br>[Redacted]: <br>CD receipt | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | No Defined<br>Cure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 286 | XXX | PMTLT2025-<br>J40116 | XXX |  | 34710587 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Revised<br>Loan Estimate<br>Timing Before<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Revised Loan<br>Estimate<br>provided on<br>[Redacted] not<br>received by<br>borrower at<br>least four (4)<br>business days<br>prior to closing. | Verification<br>of earlier<br>borrower<br>receipt of<br>the<br>[Redacted]<br>Loan<br>Estimate<br>was<br>missing<br>from the<br>file. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>dislcosure<br>summary<br>suffice<br>Seller<br>Comment<br>[Redacted]: <br>LE receipt | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | No Defined<br>Cure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 318 | XXX | PMTLT2025-<br>J40118 | XXX |  | 34711134 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized. AVM<br>supports value.<br>Vendor/FSD do<br>not meet Fitch<br>criteria. Sec ID:<br>10 | Note Date: ___;<br>Lien Position:<br>___ |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>EV2 |  |  | [Redacted] | 2 A D |  | XXX | Primary | Refinance<br>- Rate/<br>Term | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 343 | XXX | PMTLT2025-<br>J40122 | XXX |  | 34723686 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized. AVM<br>supports value.<br>Vendor/FSD do<br>not meet Fitch<br>criteria. Sec ID:<br>10 |  |  |  |  |  |  |  |  |  | 2 A D |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 343 | XXX | PMTLT2025-<br>J40122 | XXX |  | 34723841 |  | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO Documents<br>are missing. | - |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 343 | XXX | PMTLT2025-<br>J40122 | XXX |  | 34723922 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal<br>- Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 343 | XXX | PMTLT2025-<br>J40122 | XXX |  | 34723923 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>[Redacted]):<br>Originator Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Risk.[Redacted] |  |  |  |  |  |  |  |  | 1 B A C |  | XXX | Primary | Purchase | Lender to<br>provide<br>updated ATR/<br>QM status D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 343 | XXX | PMTLT2025-<br>J40122 | XXX |  | 34723932 |  | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Guideline | AUS/Guideline<br>Findings: All<br>conditions were<br>not met |  |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 343 | XXX | PMTLT2025-<br>J40122 | XXX |  | 34724053 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing one<br>or more<br>guideline<br>components,<br>the loan is at<br>QM risk. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 343 | XXX | PMTLT2025-<br>J40122 | XXX |  | 34777248 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Guideline<br>Deficiency - QM<br>Impact | General QM:<br>There are<br>guideline<br>deficiencies<br>which could<br>result in a risk<br>to the<br>borrower's<br>ability to repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Edgar Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up**<br> **Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 366 | XXX | PMTLT2025-<br>J40124 | XXX |  | 34738748 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date: ___;<br>Lien Position:<br>___ |  |  |  |  |  |  |  |  | 2 A D |  | XXX | Primary | Refinance<br>- Rate/<br>Term | D A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 366 | XXX | PMTLT2025-<br>J40124 | XXX |  | 34738847 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | D A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 288 | XXX | PMTLT2025-<br>J40127 | XXX |  | 34720553 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Verification<br>of the<br>borrower's<br>receipt of<br>the<br>appraisal<br>was<br>missing<br>from the<br>file. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 253 | XXX | PMTLT2025-<br>J40129 | XXX |  | 34762572 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>AUS not<br>provided |  | AUS<br>condition<br>11 referred<br>to 2<br>financed<br>properties,<br>however<br>borrower<br>has 3. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Revised<br>AUS with<br>3 financed<br>properties<br>has been<br>received &<br>attached.<br>Exception<br>cleared.<br>Seller<br>Comment<br>[Redacted]:<br>Revised<br>AUS | [Redacted] |  |  | 1 C A |  | XXX | Second<br>Home | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 255 | XXX | PMTLT2025-<br>J40131 | XXX |  | 34739005 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date: ___;<br>Lien Position:<br>___ |  |  |  |  |  |  |  |  | 2 A D |  | XXX | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 345 | XXX | PMTLT2025-<br>J40132 | XXX |  | 34743108 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Appraisal<br>report dated<br>[Redacted]<br>missing<br>evidence of<br>receipt. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | D A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 345 | XXX | PMTLT2025-<br>J40132 | XXX |  | 34743109 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. | Appraisal<br>report dated<br>[Redacted]<br>missing<br>evidence of<br>receipt. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | D A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 345 | XXX | PMTLT2025-<br>J40132 | XXX |  | 34743120 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date: ___;<br>Lien Position:<br>___ |  |  |  |  |  |  |  |  | 2 A D |  | XXX | Primary | Purchase | D A B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 291 | XXX | PMTLT2025-<br>J40135 | XXX |  | 34763423 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Field<br>Review Fee.<br>Fee Amount of<br>$120.00<br>exceeds<br>tolerance of<br>$0.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | PMTLT2025-<br>J40136 | XXX |  | 34743060 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | PMTLT2025-<br>J40136 | XXX |  | 34743061 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | PMTLT2025-<br>J40136 | XXX |  | 34743130 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $0.00<br>exceeds<br>tolerance of $-<br>777.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | PMTLT2025-<br>J40136 | XXX |  | 34763640 |  | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$841.75<br>exceeds<br>tolerance of<br>$0.00. $841.75<br>over legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Refinance<br>- Rate/<br>Term | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 347 | XXX | PMTLT2025-<br>J40138 | XXX |  | 34742911 |  | Compliance | Compliance | Federal<br>Compliance | RESPA | RESPA -<br>Initial Escrow<br>Account<br>Statement<br>Missing | RESPA: Initial<br>escrow account<br>statement was<br>not provided to<br>the borrower. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 347 | XXX | PMTLT2025-<br>J40138 | XXX |  | 34742918 |  | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | Missing<br>Document:<br>Missing Final<br>1003 |  |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 325 | XXX | PMTLT2025-<br>J40139 | XXX |  | 34739528 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three<br>(3) business<br>days prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing. | Evidence of<br>appraisal<br>receipt not<br>provided. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 325 | XXX | PMTLT2025-<br>J40139 | XXX |  | 34739575 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three<br>(3) business<br>days prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing. | Evidence of<br>appraisal<br>receipt not<br>provided. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 293 | XXX | PMTLT2025-<br>J40141 | XXX |  | 34742940 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$895.00<br>exceeds<br>tolerance of<br>$850.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 293 | XXX | PMTLT2025-<br>J40141 | XXX |  | 34742941 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$196.00<br>exceeds<br>tolerance of<br>$150.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 260 | XXX | PMTLT2025-<br>J40142 | XXX |  | 34740371 |  | Compliance | Compliance | Federal<br>Compliance | Missing Non-<br>Required Data | (Missing Data)<br>Last Rate Set<br>Date | Last Date Rate<br>Set and Initial<br>Rate Lock Date<br>not provided.<br>Worst Case<br>Scenario<br>between<br>Creditor<br>Application<br>Date and<br>Transaction<br>Date used to<br>determine rate<br>used for testing. |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 348 | XXX | PMTLT2025-<br>J40146 | XXX |  | 34744564 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Verification<br>Fee. Fee<br>Amount of<br>$206.40<br>exceeds<br>tolerance of<br>$156.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Edgar Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception**<br> **Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up**<br> **Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 327 | XXX | PMTLT2025-<br>J40148 | XXX |  | 34742151 |  | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. |  |  |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 371 | XXX | PMTLT2025-<br>J40153 | XXX |  | 34740796 |  | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | - |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 371 | XXX | PMTLT2025-<br>J40153 | XXX |  | 34741979 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Ten<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Ten<br>Percent Fee<br>Tolerance<br>exceeded. Total<br>amount of<br>$759.00 exceeds<br>tolerance of<br>$499.00 plus 10%<br>or $548.90.<br>$210.10 over<br>legal limit.<br>Insufficient or no<br>cure was provided<br>to the borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 371 | XXX | PMTLT2025-<br>J40153 | XXX |  | 34741980 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$1,550.00<br>exceeds tolerance<br>of $1,200.00.<br>$350.00 over<br>legal limit.<br>Insufficient or no<br>cure was provided<br>to the borrower. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 371 | XXX | PMTLT2025-<br>J40153 | XXX |  | 34742071 |  | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 |  |  |  |  |  |  |  |  |  | 2 A D |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 371 | XXX | PMTLT2025-<br>J40153 | XXX |  | 34764183 |  | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Income<br>documentation<br>requirements<br>not met. |  |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 371 | XXX | PMTLT2025-<br>J40153 | XXX |  | 34764194 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage (Dodd-<br>Frank[Redacted]):<br>Originator Loan<br>Designation of<br>Safe Harbor QM<br>(APOR) does not<br>match Due<br>Diligence Loan<br>Designation of<br>QM (APOR)<br>Risk. |  |  |  |  |  | [Redacted] |  |  | 1 B A C |  | XXX | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 371 | XXX | PMTLT2025-<br>J40153 | XXX |  | 34764195 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Income/Asset<br>Guideline<br>Deficiency -<br>QM Impact | General QM:<br>There are<br>guideline<br>deficiencies<br>related to income<br>and/or asset doc<br>requirements<br>which could<br>result in a risk to<br>the borrower's<br>ability to repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 371 | XXX | PMTLT2025-<br>J40153 | XXX |  | 34764254 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the loan<br>failing one or<br>more guideline<br>components, the<br>loan is at QM<br>risk. |  |  |  |  |  | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 371 | XXX | PMTLT2025-<br>J40153 | XXX |  | 34811095 |  | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$1,550.00<br>exceeds tolerance<br>of $1,200.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  |  |  |  | [Redacted] |  | 1 A |  | XXX | Primary | Purchase | Final CD<br>evidences<br>Cure D C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 349 | XXX | PMTLT2025-<br>J40155 | XXX |  | 34753782 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>8,860.80 exceeds<br>tolerance of $-<br>13,697.00.<br>Insufficient or no<br>cure was provided<br>to the borrower. | Lender credit<br>decreased on<br>closing disclosure<br>issued[Redacted]ith<br>no valid change<br>evident. Change<br>form stated loan<br>was locked<br>however loan was<br>locked [Redacted] |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>COC dated<br>[Redacted]<br>and<br>[Redacted].<br>Seller<br>Comment<br>[Redacted]:<br>COC's | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 329 | XXX | PMTLT2025-<br>J40156 | XXX |  | 34752723 |  | Credit | Credit | Credit<br>Documentation | Guideline | Missing<br>Document:<br>Verification of<br>Rent (VOR) /<br>Verification of<br>Mortgage<br>(VOM) not<br>provided |  | Missing prior<br>primary residence<br>rental history.<br>Guidelines require<br>primary residence<br>VOR, or 6 months<br>cancelled checks/<br>bank statements, or<br>executed lease and<br>2 months of bank<br>statements/<br>cancelled checks. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>VOR not<br>required<br>per guides.<br>Seller<br>Comment<br>[Redacted]:<br>Per the<br>AUS<br>Jumbo<br>Product<br>Profile,<br>rent must<br>be verified<br>only if the<br>subject is a<br>Second<br>Home,<br>Investment<br>Property or<br>there is a<br>Non-<br>Occupant<br>Borrower. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 329 | XXX | PMTLT2025-<br>J40156 | XXX |  | 34754079 |  | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Guideline | AUS/<br>Guideline<br>Findings: All<br>conditions<br>were not met |  | Waterfall due to<br>missing housing<br>history. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>VOR not<br>required<br>per guides. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 329 | XXX | PMTLT2025-<br>J40156 | XXX |  | 34754102 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage (Dodd-<br>Frank<br>[Redacted]):<br>Originator Loan<br>Designation of<br>Safe Harbor QM<br>(APOR) does not<br>match Due<br>Diligence Loan<br>Designation of<br>QM (APOR)<br>Risk. | Waterfall due to<br>missing housing<br>history. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>VOR not<br>required<br>per guides. | [Redacted] |  |  | 1 B A C |  | XXX | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 329 | XXX | PMTLT2025-<br>J40156 | XXX |  | 34754103 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Guideline<br>Deficiency -<br>QM Impact | General QM:<br>There are<br>guideline<br>deficiencies<br>which could<br>result in a risk to<br>the borrower's<br>ability to repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) | Waterfall due to<br>missing housing<br>history. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>VOR not<br>required<br>per guides. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 329 | XXX | PMTLT2025-<br>J40156 | XXX |  | 34754111 |  | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the loan<br>failing one or<br>more guideline<br>components, the<br>loan is at QM<br>risk. | Waterfall due to<br>missing housing<br>history. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>VOR not<br>required<br>per guides. | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 266 | XXX | PMTLT2025-<br>J40157 | XXX |  | 34742095 |  | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA Valuations<br>Rule (Dodd-<br>Frank<br>[Redacted]):<br>Creditor did not<br>provide a copy of<br>each valuation to<br>applicant three (3)<br>business days<br>prior to<br>consummation. | Appraisal report<br>dated [Redacted]<br>missing evidence<br>of receipt. |  |  |  |  |  |  |  | 2 B |  | XXX | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 225 | XXX | PMTLT2025-<br>J40158 | XXX |  | 34742978 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>7,477.20 exceeds<br>tolerance of $-<br>9,027.00.<br>Insufficient or no<br>cure was provided<br>to the borrower. | Insufficient cure or<br>valid COC<br>provided. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received a<br>valid COC<br>Seller<br>Comment<br>[Redacted]:<br>COC | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 225 | XXX | PMTLT2025-<br>J40158 | XXX |  | 34742980 |  | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Survey Fee. Fee<br>Amount of<br>$485.00 exceeds<br>tolerance of<br>$0.00. $485.00<br>over legal limit.<br>Insufficient or no<br>cure was provided<br>to the borrower. | Insufficient cure or<br>valid COC<br>provided. |  |  |  | Reviewer<br>Comment<br>[Redacted]:<br>[Redacted]<br>received<br>lender<br>attestation<br>for survey.<br>Seller<br>Comment<br>[Redacted]:<br>survey | [Redacted] |  |  | 1 C A |  | XXX | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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## Exhibit 99.9

**EXHIBIT 99.9** 

**AMC RATING AGENCY GRADES** 

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Edgar Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** |
| &nbsp;&nbsp;&nbsp;&nbsp; 202 | XXX | PMTLT2025-J40001 | XXX |  |  | D | A | A | D | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 226 | XXX | PMTLT2025-J40002 | XXX |  |  | C | C | A | C | B | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 267 | XXX | PMTLT2025-J40003 | XXX |  |  | C | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 383 | XXX | PMTLT2025-J40004 | XXX |  |  | A | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 369 | XXX | PMTLT2025-J40005 | XXX |  |  | C | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 351 | XXX | PMTLT2025-J40006 | XXX |  |  | A | B | A | B | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 379 | XXX | PMTLT2025-J40007 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 380 | XXX | PMTLT2025-J40008 | XXX |  |  | C | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 375 | XXX | PMTLT2025-J40009 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 361 | XXX | PMTLT2025-J40010 | XXX |  |  | C | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 203 | XXX | PMTLT2025-J40011 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 330 | XXX | PMTLT2025-J40012 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 382 | XXX | PMTLT2025-J40013 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 377 | XXX | PMTLT2025-J40014 | XXX |  |  | A | B | A | B | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 373 | XXX | PMTLT2025-J40015 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 268 | XXX | PMTLT2025-J40016 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 376 | XXX | PMTLT2025-J40017 | XXX |  |  | B | C | A | C | B | A | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 350 | XXX | PMTLT2025-J40018 | XXX |  |  | A | B | A D | B D | A | B | A D | B D |
| &nbsp;&nbsp;&nbsp;&nbsp; 378 | XXX | PMTLT2025-J40019 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 372 | XXX | PMTLT2025-J40020 | XXX |  |  | A | C | A D | C D | A | B | A D | B D |
| &nbsp;&nbsp;&nbsp;&nbsp; 269 | XXX | PMTLT2025-J40021 | XXX |  |  | A | A | A D | A D | A | A | A D | A D |
| &nbsp;&nbsp;&nbsp;&nbsp; 227 | XXX | PMTLT2025-J40022 | XXX |  |  | A | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 228 | XXX | PMTLT2025-J40023 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 229 | XXX | PMTLT2025-J40024 | XXX |  |  | A | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 295 | XXX | PMTLT2025-J40025 | XXX |  |  | A | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 296 | XXX | PMTLT2025-J40026 | XXX |  |  | C | C | A D | C D | A | A | A D | A D |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | PMTLT2025-J40027 | XXX |  |  | A | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 297 | XXX | PMTLT2025-J40028 | XXX |  |  | A | C | C | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 352 | XXX | PMTLT2025-J40029 | XXX |  |  | A | B | A | B | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 353 | XXX | PMTLT2025-J40030 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 298 | XXX | PMTLT2025-J40031 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 333 | XXX | PMTLT2025-J40032 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 230 | XXX | PMTLT2025-J40033 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | PMTLT2025-J40034 | XXX |  |  | C | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 271 | XXX | PMTLT2025-J40035 | XXX |  |  | A | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 299 | XXX | PMTLT2025-J40036 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 300 | XXX | PMTLT2025-J40037 | XXX |  |  | A | B | A D | B D | A | B | A D | B D |
| &nbsp;&nbsp;&nbsp;&nbsp; 301 | XXX | PMTLT2025-J40038 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 307 | XXX | PMTLT2025-J40040 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 355 | XXX | PMTLT2025-J40041 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 272 | XXX | PMTLT2025-J40042 | XXX |  |  | A | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 374 | XXX | PMTLT2025-J40043 | XXX |  |  | A | B | A D | B D | A | B | A D | B D |
| &nbsp;&nbsp;&nbsp;&nbsp; 273 | XXX | PMTLT2025-J40044 | XXX |  |  | A | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 206 | XXX | PMTLT2025-J40045 | XXX |  |  | A | C | A D | C D | A | B | A D | B D |
| &nbsp;&nbsp;&nbsp;&nbsp; 308 | XXX | PMTLT2025-J40046 | XXX |  |  | B | B | A | B | B | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 338 | XXX | PMTLT2025-J40047 | XXX |  |  | C | C | A | C | B | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 356 | XXX | PMTLT2025-J40048 | XXX |  |  | A | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 362 | XXX | PMTLT2025-J40049 | XXX |  |  | C | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 208 | XXX | PMTLT2025-J40050 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 204 | XXX | PMTLT2025-J40051 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 205 | XXX | PMTLT2025-J40052 | XXX |  |  | B | A | A D | B D | B | A | A D | B D |
| &nbsp;&nbsp;&nbsp;&nbsp; 231 | XXX | PMTLT2025-J40053 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 302 | XXX | PMTLT2025-J40054 | XXX |  |  | A | A | A | A | A | A | A | A |

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Edgar Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** |
| &nbsp;&nbsp;&nbsp;&nbsp; 303 | XXX | PMTLT2025-J40055 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 304 | XXX | PMTLT2025-J40056 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 305 | XXX | PMTLT2025-J40057 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 334 | XXX | PMTLT2025-J40058 | XXX |  |  | C | B | A D | C D | A | B | A D | B D |
| &nbsp;&nbsp;&nbsp;&nbsp; 336 | XXX | PMTLT2025-J40059 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 337 | XXX | PMTLT2025-J40060 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 306 | XXX | PMTLT2025-J40061 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 232 | XXX | PMTLT2025-J40062 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 209 | XXX | PMTLT2025-J40063 | XXX |  |  | A | C | A D | C D | A | B | A D | B D |
| &nbsp;&nbsp;&nbsp;&nbsp; 233 | XXX | PMTLT2025-J40064 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 274 | XXX | PMTLT2025-J40065 | XXX |  |  | A | B | A | B | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 339 | XXX | PMTLT2025-J40066 | XXX |  |  | A | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 340 | XXX | PMTLT2025-J40067 | XXX |  |  | C | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 341 | XXX | PMTLT2025-J40068 | XXX |  |  | A | B | A | B | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 309 | XXX | PMTLT2025-J40069 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 357 | XXX | PMTLT2025-J40070 | XXX |  |  | A | B | A | B | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | PMTLT2025-J40071 | XXX |  |  | C | A | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 310 | XXX | PMTLT2025-J40072 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 370 | XXX | PMTLT2025-J40073 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 312 | XXX | PMTLT2025-J40074 | XXX |  |  | C | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 363 | XXX | PMTLT2025-J40075 | XXX |  |  | A | B | A | B | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 313 | XXX | PMTLT2025-J40076 | XXX |  |  | C | C | A D | C D | A | B | A D | B D |
| &nbsp;&nbsp;&nbsp;&nbsp; 314 | XXX | PMTLT2025-J40077 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 277 | XXX | PMTLT2025-J40078 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 234 | XXX | PMTLT2025-J40079 | XXX |  |  | C | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 315 | XXX | PMTLT2025-J40080 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 316 | XXX | PMTLT2025-J40081 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 235 | XXX | PMTLT2025-J40082 | XXX |  |  | C | C | A D | C D | A | A | A D | A D |
| &nbsp;&nbsp;&nbsp;&nbsp; 210 | XXX | PMTLT2025-J40083 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 236 | XXX | PMTLT2025-J40084 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 279 | XXX | PMTLT2025-J40085 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 237 | XXX | PMTLT2025-J40086 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 280 | XXX | PMTLT2025-J40087 | XXX |  |  | A | C | A D | C D | A | A | A D | A D |
| &nbsp;&nbsp;&nbsp;&nbsp; 281 | XXX | PMTLT2025-J40088 | XXX |  |  | A | B | A | B | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 | XXX | PMTLT2025-J40089 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 282 | XXX | PMTLT2025-J40090 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 238 | XXX | PMTLT2025-J40091 | XXX |  |  | B | A | A | B | B | A | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 364 | XXX | PMTLT2025-J40092 | XXX |  |  | A | A | A D | A D | A | A | A D | A D |
| &nbsp;&nbsp;&nbsp;&nbsp; 239 | XXX | PMTLT2025-J40093 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 381 | XXX | PMTLT2025-J40094 | XXX |  |  | A | A | D | D | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 214 | XXX | PMTLT2025-J40095 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 215 | XXX | PMTLT2025-J40096 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 216 | XXX | PMTLT2025-J40097 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 317 | XXX | PMTLT2025-J40098 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 217 | XXX | PMTLT2025-J40099 | XXX |  |  | A | A | A D | A D | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 240 | XXX | PMTLT2025-J40100 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 241 | XXX | PMTLT2025-J40101 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 242 | XXX | PMTLT2025-J40102 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 342 | XXX | PMTLT2025-J40103 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 218 | XXX | PMTLT2025-J40104 | XXX |  |  | C | C | A D | C D | A | A | A D | A D |
| &nbsp;&nbsp;&nbsp;&nbsp; 219 | XXX | PMTLT2025-J40105 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 245 | XXX | PMTLT2025-J40106 | XXX |  |  | B | A | A | B | B | A | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 246 | XXX | PMTLT2025-J40107 | XXX |  |  | A | A | A | A | A | A | A | A |

---

------

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Edgar Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** |
| &nbsp;&nbsp;&nbsp;&nbsp; 247 | XXX | PMTLT2025-J40108 | XXX |  |  | A | C | D | D | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 248 | XXX | PMTLT2025-J40109 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 249 | XXX | PMTLT2025-J40110 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 250 | XXX | PMTLT2025-J40111 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 251 | XXX | PMTLT2025-J40112 | XXX |  |  | A | A | A D | A D | A | A | A D | A D |
| &nbsp;&nbsp;&nbsp;&nbsp; 252 | XXX | PMTLT2025-J40113 | XXX |  |  | A | B | A | B | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 283 | XXX | PMTLT2025-J40114 | XXX |  |  | A | A | A D | A D | A | A | A D | A D |
| &nbsp;&nbsp;&nbsp;&nbsp; 284 | XXX | PMTLT2025-J40115 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 286 | XXX | PMTLT2025-J40116 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 287 | XXX | PMTLT2025-J40117 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 318 | XXX | PMTLT2025-J40118 | XXX |  |  | A | A | A D | A D | A | A | A D | A D |
| &nbsp;&nbsp;&nbsp;&nbsp; 319 | XXX | PMTLT2025-J40119 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 320 | XXX | PMTLT2025-J40120 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 321 | XXX | PMTLT2025-J40121 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 343 | XXX | PMTLT2025-J40122 | XXX |  |  | C | C | A D | C D | A | B | A D | B D |
| &nbsp;&nbsp;&nbsp;&nbsp; 344 | XXX | PMTLT2025-J40123 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 366 | XXX | PMTLT2025-J40124 | XXX |  |  | A | B | A D | B D | A | B | A D | B D |
| &nbsp;&nbsp;&nbsp;&nbsp; 323 | XXX | PMTLT2025-J40125 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 324 | XXX | PMTLT2025-J40126 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 288 | XXX | PMTLT2025-J40127 | XXX |  |  | A | B | A | B | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 290 | XXX | PMTLT2025-J40128 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 253 | XXX | PMTLT2025-J40129 | XXX |  |  | C | A | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 254 | XXX | PMTLT2025-J40130 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 255 | XXX | PMTLT2025-J40131 | XXX |  |  | A | A | A D | A D | A | A | A D | A D |
| &nbsp;&nbsp;&nbsp;&nbsp; 345 | XXX | PMTLT2025-J40132 | XXX |  |  | A | B | A D | B D | A | B | A D | B D |
| &nbsp;&nbsp;&nbsp;&nbsp; 220 | XXX | PMTLT2025-J40133 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 360 | XXX | PMTLT2025-J40134 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 291 | XXX | PMTLT2025-J40135 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | PMTLT2025-J40136 | XXX |  |  | A | C | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 258 | XXX | PMTLT2025-J40137 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 347 | XXX | PMTLT2025-J40138 | XXX |  |  | C | B | A | C | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 325 | XXX | PMTLT2025-J40139 | XXX |  |  | A | B | A | B | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 292 | XXX | PMTLT2025-J40140 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 293 | XXX | PMTLT2025-J40141 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 260 | XXX | PMTLT2025-J40142 | XXX |  |  | A | B | A | B | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 261 | XXX | PMTLT2025-J40143 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 262 | XXX | PMTLT2025-J40144 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 263 | XXX | PMTLT2025-J40145 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 348 | XXX | PMTLT2025-J40146 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 326 | XXX | PMTLT2025-J40147 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 327 | XXX | PMTLT2025-J40148 | XXX |  |  | B | A | A | B | B | A | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 264 | XXX | PMTLT2025-J40149 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 265 | XXX | PMTLT2025-J40150 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 224 | XXX | PMTLT2025-J40151 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 328 | XXX | PMTLT2025-J40152 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 371 | XXX | PMTLT2025-J40153 | XXX |  |  | C | C | A D | C D | A | A | A D | A D |
| &nbsp;&nbsp;&nbsp;&nbsp; 367 | XXX | PMTLT2025-J40154 | XXX |  |  | A | A | A | A | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 349 | XXX | PMTLT2025-J40155 | XXX |  |  | A | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 329 | XXX | PMTLT2025-J40156 | XXX |  |  | C | C | A | C | A | A | A | A |
| &nbsp;&nbsp;&nbsp;&nbsp; 266 | XXX | PMTLT2025-J40157 | XXX |  |  | A | B | A | B | A | B | A | B |
| &nbsp;&nbsp;&nbsp;&nbsp; 225 | XXX | PMTLT2025-J40158 | XXX |  |  | A | C | A | C | A | A | A | A |

---

## Exhibit 99.10

**EXHIBIT 99.10** 

**AMC VALUATION REPORT** 

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Edgar**<br> **Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary**<br> **Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation Desk<br>Review Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM**<br> **Report<br>Date** | **Desk**<br> **Review<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop**<br> **Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop**<br> **Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop**<br> **Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO**<br> **Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field**<br> **Review<br>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055**<br> **Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance**<br> **Amount** | **Updated<br>Valuation<br>Variance**<br> **Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report**<br> **Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;202 | XXX | PMTLT2025-J40001 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 1.80 |
| &nbsp;&nbsp;&nbsp;226 | XXX | PMTLT2025-J40002 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;267 | XXX | PMTLT2025-J40003 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 2.50 |
| &nbsp;&nbsp;&nbsp;383 | XXX | PMTLT2025-J40004 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -2.650% |  |  | AVM |  | 0.03 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 1.40 |
| &nbsp;&nbsp;&nbsp;369 | XXX | PMTLT2025-J40005 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;351 | XXX | PMTLT2025-J40006 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 4.70 |
| &nbsp;&nbsp;&nbsp;379 | XXX | PMTLT2025-J40007 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 2.00 |
| &nbsp;&nbsp;&nbsp;380 | XXX | PMTLT2025-J40008 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.30 |
| &nbsp;&nbsp;&nbsp;375 | XXX | PMTLT2025-J40009 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;361 | XXX | PMTLT2025-J40010 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -7.540% |  |  | AVM |  | 0.09 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 1.80 |
| &nbsp;&nbsp;&nbsp;203 | XXX | PMTLT2025-J40011 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.10 |
| &nbsp;&nbsp;&nbsp;330 | XXX | PMTLT2025-J40012 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 5.290% |  |  | AVM |  | 0.08 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 |  |
| &nbsp;&nbsp;&nbsp;382 | XXX | PMTLT2025-J40013 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 2.40 |
| &nbsp;&nbsp;&nbsp;377 | XXX | PMTLT2025-J40014 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -2.260% |  |  | AVM |  | 0.07 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 4.30 |
| &nbsp;&nbsp;&nbsp;373 | XXX | PMTLT2025-J40015 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 1.970% |  |  | AVM |  | 0.03 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 1.50 |
| &nbsp;&nbsp;&nbsp;268 | XXX | PMTLT2025-J40016 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 2.00 |
| &nbsp;&nbsp;&nbsp;376 | XXX | PMTLT2025-J40017 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 2.40 |
| &nbsp;&nbsp;&nbsp;350 | XXX | PMTLT2025-J40018 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -5.720% |  |  | AVM |  | 0.03 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 2.60 |
| &nbsp;&nbsp;&nbsp;378 | XXX | PMTLT2025-J40019 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -1.630% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 | 1.10 |
| &nbsp;&nbsp;&nbsp;372 | XXX | PMTLT2025-J40020 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -8.830% |  |  | AVM |  | 0.06 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 3.30 |
| &nbsp;&nbsp;&nbsp;269 | XXX | PMTLT2025-J40021 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -1.660% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 3.40 |
| &nbsp;&nbsp;&nbsp;227 | XXX | PMTLT2025-J40022 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;228 | XXX | PMTLT2025-J40023 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;229 | XXX | PMTLT2025-J40024 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.00 |
| &nbsp;&nbsp;&nbsp;295 | XXX | PMTLT2025-J40025 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -19.410% |  |  | AVM |  | 0.11 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -3.420% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 1.90 |
| &nbsp;&nbsp;&nbsp;296 | XXX | PMTLT2025-J40026 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 4.910% |  |  | AVM |  | 0.03 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 | 3.20 |
| &nbsp;&nbsp;&nbsp;332 | XXX | PMTLT2025-J40027 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 2.80 |
| &nbsp;&nbsp;&nbsp;297 | XXX | PMTLT2025-J40028 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 3.20 |
| &nbsp;&nbsp;&nbsp;352 | XXX | PMTLT2025-J40029 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.00 |
| &nbsp;&nbsp;&nbsp;353 | XXX | PMTLT2025-J40030 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;298 | XXX | PMTLT2025-J40031 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.50 |
| &nbsp;&nbsp;&nbsp;333 | XXX | PMTLT2025-J40032 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 2.190% |  |  | AVM |  | 0.04 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;230 | XXX | PMTLT2025-J40033 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 4.910% |  |  | AVM |  | 0.08 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 4.60 |
| &nbsp;&nbsp;&nbsp;270 | XXX | PMTLT2025-J40034 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.10 |
| &nbsp;&nbsp;&nbsp;271 | XXX | PMTLT2025-J40035 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 10.490% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  | 0.000% |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 5.00 | 3.30 |
| &nbsp;&nbsp;&nbsp;299 | XXX | PMTLT2025-J40036 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -5.200% |  |  | AVM |  | 0.03 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.610% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -5.200% |  |  |  |  |  |  |  |  | No |  | 3.90 |
| &nbsp;&nbsp;&nbsp;300 | XXX | PMTLT2025-J40037 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -5.510% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -5.510% |  |  |  |  |  |  |  |  | No | 3.50 | 2.60 |
| &nbsp;&nbsp;&nbsp;301 | XXX | PMTLT2025-J40038 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;307 | XXX | PMTLT2025-J40040 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -4.760% |  |  | AVM |  | 0.09 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 3.80 |
| &nbsp;&nbsp;&nbsp;355 | XXX | PMTLT2025-J40041 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -1.040% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 5.00 |
| &nbsp;&nbsp;&nbsp;272 | XXX | PMTLT2025-J40042 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;374 | XXX | PMTLT2025-J40043 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 7.680% |  |  | AVM |  | 0.07 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |  |
| &nbsp;&nbsp;&nbsp;273 | XXX | PMTLT2025-J40044 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -6.970% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 3.80 |
| &nbsp;&nbsp;&nbsp;206 | XXX | PMTLT2025-J40045 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -4.980% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 3.00 |
| &nbsp;&nbsp;&nbsp;308 | XXX | PMTLT2025-J40046 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 22.760% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 4.10 |
| &nbsp;&nbsp;&nbsp;338 | XXX | PMTLT2025-J40047 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 4.70 |
| &nbsp;&nbsp;&nbsp;356 | XXX | PMTLT2025-J40048 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -3.400% |  |  | AVM |  | 0.06 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 3.00 |
| &nbsp;&nbsp;&nbsp;362 | XXX | PMTLT2025-J40049 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 2.00 |
| &nbsp;&nbsp;&nbsp;208 | XXX | PMTLT2025-J40050 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;204 | XXX | PMTLT2025-J40051 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;205 | XXX | PMTLT2025-J40052 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -2.280% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -2.280% |  |  |  |  |  |  |  |  | No | 4.00 | 3.30 |
| &nbsp;&nbsp;&nbsp;231 | XXX | PMTLT2025-J40053 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;302 | XXX | PMTLT2025-J40054 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.30 |
| &nbsp;&nbsp;&nbsp;303 | XXX | PMTLT2025-J40055 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 2.00 |
| &nbsp;&nbsp;&nbsp;304 | XXX | PMTLT2025-J40056 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;305 | XXX | PMTLT2025-J40057 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 2.80 |
| &nbsp;&nbsp;&nbsp;334 | XXX | PMTLT2025-J40058 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 64.650% |  |  | AVM |  | 0.08 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 3.40 |
| &nbsp;&nbsp;&nbsp;336 | XXX | PMTLT2025-J40059 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.070% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 2.50 |
| &nbsp;&nbsp;&nbsp;337 | XXX | PMTLT2025-J40060 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -4.050% |  |  | AVM |  | 0.06 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 2.00 |
| &nbsp;&nbsp;&nbsp;306 | XXX | PMTLT2025-J40061 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.510% |  |  | AVM |  | 0.03 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 3.80 |
| &nbsp;&nbsp;&nbsp;232 | XXX | PMTLT2025-J40062 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -1.380% |  |  | AVM |  | 0.08 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 4.10 |
| &nbsp;&nbsp;&nbsp;209 | XXX | PMTLT2025-J40063 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 1.340% |  |  | AVM |  | 0.06 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.340% |  |  |  |  |  |  |  |  | No | 3.00 | 3.90 |
| &nbsp;&nbsp;&nbsp;233 | XXX | PMTLT2025-J40064 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -2.400% |  |  | AVM |  | 0.04 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 2.60 |
| &nbsp;&nbsp;&nbsp;274 | XXX | PMTLT2025-J40065 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.80 |
| &nbsp;&nbsp;&nbsp;339 | XXX | PMTLT2025-J40066 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -3.310% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;340 | XXX | PMTLT2025-J40067 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.040% |  |  | AVM |  | 0.06 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 4.20 |
| &nbsp;&nbsp;&nbsp;341 | XXX | PMTLT2025-J40068 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.00 |
| &nbsp;&nbsp;&nbsp;309 | XXX | PMTLT2025-J40069 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 2.00 |
| &nbsp;&nbsp;&nbsp;357 | XXX | PMTLT2025-J40070 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 | 4.60 |
| &nbsp;&nbsp;&nbsp;276 | XXX | PMTLT2025-J40071 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -9.220% |  |  | AVM |  | 0.04 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 2.30 |
| &nbsp;&nbsp;&nbsp;310 | XXX | PMTLT2025-J40072 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 1.80 |
| &nbsp;&nbsp;&nbsp;370 | XXX | PMTLT2025-J40073 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;312 | XXX | PMTLT2025-J40074 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 1.70 |
| &nbsp;&nbsp;&nbsp;363 | XXX | PMTLT2025-J40075 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.50 |
| &nbsp;&nbsp;&nbsp;313 | XXX | PMTLT2025-J40076 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 3.770% |  |  | AVM |  | 0.04 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.770% |  |  |  |  |  |  |  |  | No | 4.00 | 2.80 |
| &nbsp;&nbsp;&nbsp;314 | XXX | PMTLT2025-J40077 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 5.00 | 3.20 |
| &nbsp;&nbsp;&nbsp;277 | XXX | PMTLT2025-J40078 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.30 |
| &nbsp;&nbsp;&nbsp;234 | XXX | PMTLT2025-J40079 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;315 | XXX | PMTLT2025-J40080 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 2.40 |
| &nbsp;&nbsp;&nbsp;316 | XXX | PMTLT2025-J40081 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -4.920% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.30 |
| &nbsp;&nbsp;&nbsp;235 | XXX | PMTLT2025-J40082 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -2.050% |  |  | AVM |  | 0.04 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  |  |
| &nbsp;&nbsp;&nbsp;210 | XXX | PMTLT2025-J40083 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 4.60 |
| &nbsp;&nbsp;&nbsp;236 | XXX | PMTLT2025-J40084 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 5.00 | 3.60 |
| &nbsp;&nbsp;&nbsp;279 | XXX | PMTLT2025-J40085 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -2.330% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;237 | XXX | PMTLT2025-J40086 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 2.50 |

---

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Edgar**<br> **Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary**<br> **Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation Desk<br>Review Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM**<br> **Report<br>Date** | **Desk**<br> **Review<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop**<br> **Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop**<br> **Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop**<br> **Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO**<br> **Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field**<br> **Review<br>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055**<br> **Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance**<br> **Amount** | **Updated<br>Valuation<br>Variance**<br> **Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report**<br> **Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;280 | XXX | PMTLT2025-J40087 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -2.170% |  |  | AVM |  | 0.07 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 4.00 |
| &nbsp;&nbsp;&nbsp;281 | XXX | PMTLT2025-J40088 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -0.610% |  |  | AVM |  | 0.03 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 | 1.70 |
| &nbsp;&nbsp;&nbsp;213 | XXX | PMTLT2025-J40089 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -1.220% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 2.30 |
| &nbsp;&nbsp;&nbsp;282 | XXX | PMTLT2025-J40090 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;238 | XXX | PMTLT2025-J40091 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -2.570% |  |  | AVM |  | 0.03 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 2.00 |
| &nbsp;&nbsp;&nbsp;364 | XXX | PMTLT2025-J40092 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -0.690% |  |  | AVM |  | 0.03 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 4.50 |
| &nbsp;&nbsp;&nbsp;239 | XXX | PMTLT2025-J40093 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.10 |
| &nbsp;&nbsp;&nbsp;381 | XXX | PMTLT2025-J40094 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 | 2.70 |
| &nbsp;&nbsp;&nbsp;214 | XXX | PMTLT2025-J40095 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 2.30 |
| &nbsp;&nbsp;&nbsp;215 | XXX | PMTLT2025-J40096 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 4.70 |
| &nbsp;&nbsp;&nbsp;216 | XXX | PMTLT2025-J40097 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.10 |
| &nbsp;&nbsp;&nbsp;317 | XXX | PMTLT2025-J40098 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -7.700% |  |  | AVM |  | 0.07 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 1.40 |
| &nbsp;&nbsp;&nbsp;217 | XXX | PMTLT2025-J40099 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -0.250% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -0.250% |  |  |  |  |  |  |  |  | No | 4.00 | 3.40 |
| &nbsp;&nbsp;&nbsp;240 | XXX | PMTLT2025-J40100 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 1.10 |
| &nbsp;&nbsp;&nbsp;241 | XXX | PMTLT2025-J40101 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -0.790% |  |  | AVM |  | 0.07 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 | 2.40 |
| &nbsp;&nbsp;&nbsp;242 | XXX | PMTLT2025-J40102 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 5.00 | 1.90 |
| &nbsp;&nbsp;&nbsp;342 | XXX | PMTLT2025-J40103 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -3.440% |  |  | AVM |  | 0.03 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;218 | XXX | PMTLT2025-J40104 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -5.630% |  |  | AVM |  | 0.04 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 3.50 |
| &nbsp;&nbsp;&nbsp;219 | XXX | PMTLT2025-J40105 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;245 | XXX | PMTLT2025-J40106 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 2.60 |
| &nbsp;&nbsp;&nbsp;246 | XXX | PMTLT2025-J40107 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 4.40 |
| &nbsp;&nbsp;&nbsp;247 | XXX | PMTLT2025-J40108 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 2.90 |
| &nbsp;&nbsp;&nbsp;248 | XXX | PMTLT2025-J40109 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 2.10 |
| &nbsp;&nbsp;&nbsp;249 | XXX | PMTLT2025-J40110 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;250 | XXX | PMTLT2025-J40111 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.00 |
| &nbsp;&nbsp;&nbsp;251 | XXX | PMTLT2025-J40112 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -4.490% |  |  | AVM |  | 0.06 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 3.20 |
| &nbsp;&nbsp;&nbsp;252 | XXX | PMTLT2025-J40113 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;283 | XXX | PMTLT2025-J40114 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -4.640% |  |  | AVM |  | 0.08 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 3.10 |
| &nbsp;&nbsp;&nbsp;284 | XXX | PMTLT2025-J40115 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;286 | XXX | PMTLT2025-J40116 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;287 | XXX | PMTLT2025-J40117 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -3.330% |  |  | AVM |  | 0.06 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;318 | XXX | PMTLT2025-J40118 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -8.820% |  |  | AVM |  | 0.07 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 3.90 |
| &nbsp;&nbsp;&nbsp;319 | XXX | PMTLT2025-J40119 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 2.20 |
| &nbsp;&nbsp;&nbsp;320 | XXX | PMTLT2025-J40120 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -6.420% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 1.20 |
| &nbsp;&nbsp;&nbsp;321 | XXX | PMTLT2025-J40121 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;343 | XXX | PMTLT2025-J40122 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -1.100% |  |  | AVM |  | 0.06 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 | 2.60 |
| &nbsp;&nbsp;&nbsp;344 | XXX | PMTLT2025-J40123 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 | 2.90 |
| &nbsp;&nbsp;&nbsp;366 | XXX | PMTLT2025-J40124 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -2.770% |  |  | AVM |  | 0.06 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 2.60 |
| &nbsp;&nbsp;&nbsp;323 | XXX | PMTLT2025-J40125 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 1.30 |
| &nbsp;&nbsp;&nbsp;324 | XXX | PMTLT2025-J40126 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;288 | XXX | PMTLT2025-J40127 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;290 | XXX | PMTLT2025-J40128 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;253 | XXX | PMTLT2025-J40129 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 3.30 |
| &nbsp;&nbsp;&nbsp;254 | XXX | PMTLT2025-J40130 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;255 | XXX | PMTLT2025-J40131 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -0.680% |  |  | AVM |  | 0.09 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 | 2.80 |
| &nbsp;&nbsp;&nbsp;345 | XXX | PMTLT2025-J40132 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -0.700% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 | 4.10 |
| &nbsp;&nbsp;&nbsp;220 | XXX | PMTLT2025-J40133 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 2.30 |
| &nbsp;&nbsp;&nbsp;360 | XXX | PMTLT2025-J40134 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 1.000% |  |  | AVM |  | 0.02 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 1.80 |
| &nbsp;&nbsp;&nbsp;291 | XXX | PMTLT2025-J40135 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 3.50 |
| &nbsp;&nbsp;&nbsp;223 | XXX | PMTLT2025-J40136 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -2.190% |  |  | AVM |  | 0.06 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;258 | XXX | PMTLT2025-J40137 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 1.70 |
| &nbsp;&nbsp;&nbsp;347 | XXX | PMTLT2025-J40138 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;325 | XXX | PMTLT2025-J40139 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 2.40 |
| &nbsp;&nbsp;&nbsp;292 | XXX | PMTLT2025-J40140 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;293 | XXX | PMTLT2025-J40141 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.20 |
| &nbsp;&nbsp;&nbsp;260 | XXX | PMTLT2025-J40142 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;261 | XXX | PMTLT2025-J40143 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.30 |
| &nbsp;&nbsp;&nbsp;262 | XXX | PMTLT2025-J40144 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;263 | XXX | PMTLT2025-J40145 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;348 | XXX | PMTLT2025-J40146 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -2.630% |  |  | AVM |  | 0.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 2.90 |
| &nbsp;&nbsp;&nbsp;326 | XXX | PMTLT2025-J40147 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 1.50 |
| &nbsp;&nbsp;&nbsp;327 | XXX | PMTLT2025-J40148 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -5.560% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 2.10 |
| &nbsp;&nbsp;&nbsp;264 | XXX | PMTLT2025-J40149 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 | 2.60 |
| &nbsp;&nbsp;&nbsp;265 | XXX | PMTLT2025-J40150 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 999.00 |
| &nbsp;&nbsp;&nbsp;224 | XXX | PMTLT2025-J40151 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | -4.870% |  |  | AVM |  | 0.1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 2.30 |
| &nbsp;&nbsp;&nbsp;328 | XXX | PMTLT2025-J40152 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;371 | XXX | PMTLT2025-J40153 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 19.730% |  |  | AVM |  | 0.07 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 2.60 |
| &nbsp;&nbsp;&nbsp;367 | XXX | PMTLT2025-J40154 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 1.40 |
| &nbsp;&nbsp;&nbsp;349 | XXX | PMTLT2025-J40155 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 2.60 |
| &nbsp;&nbsp;&nbsp;329 | XXX | PMTLT2025-J40156 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 2.10 |
| &nbsp;&nbsp;&nbsp;266 | XXX | PMTLT2025-J40157 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 1.20 |
| &nbsp;&nbsp;&nbsp;225 | XXX | PMTLT2025-J40158 | XXX |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.20 |

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