# EDGAR Filing Document

**Accession Number:** 0001547361
**File Stem:** 0001839882-23-006256
**Filing Date:** 2023-3
**Character Count:** 1366942
**Document Hash:** 9adfe17b385023f16fc0b77a6bdf5415
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001839882-23-006256.hdr.sgml**: 20230308

**ACCESSION NUMBER**: 0001839882-23-006256

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

**PUBLIC DOCUMENT COUNT**: 29

**CONFORMED PERIOD OF REPORT**: 20230308

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

**FILED AS OF DATE**: 20230308

**DATE AS OF CHANGE**: 20230308

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

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

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Capital I Inc.
- **CENTRAL INDEX KEY:** 0001547361
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 133291626
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01951
- **FILM NUMBER:** 23716267

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

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

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Capital I Inc.
- **CENTRAL INDEX KEY:** 0001547361
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 133291626
- **STATE OF INCORPORATION:** DE

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

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

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

OMB Number: [3235-0675]

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

**FORM ABS-15G**

**A** **SSET-BACKED SECURITIZER<br> REPORT PURSUANT TO SECTION 15G OF<br> THE SECURITIES EXCHANGE ACT OF 1934**

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

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

☐ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period______________ to _________________

Date of Report (Date of filing) __________________

Commission File Number of securitizer: __________________

Central Index Key Number of securitizer:__________________

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

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

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

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

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

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

<u>MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2023-1</u> <br> (Exact name of issuing entity as specified in its charter)

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

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

John O'Keeffe, (212) 761-2048

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

**FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

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

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

**SIGNATURES**

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

---

| | | |
|:---|:---|:---|
|  | MORGAN STANLEY CAPITAL I INC. | MORGAN STANLEY CAPITAL I INC. |
| Date: March 8, 2023 | By: | /s/ John O'Keeffe |
|  | Name: | John O'Keeffe |
|  | Title: | Vice President |

---

**EXHIBIT INDEX**

<u>Exhibit Number</u>

[99.1](ex99-1.htm) [Third Party Due Diligence Report - Ernst & Young LLP Report of Independent Accountants on Applying Agreed-Upon Procedures](ex99-1.htm)

[99.2](ex99-2.htm) [Third Party Due Diligence Report - AMC Executive Summary](ex99-2.htm)

[Schedule 1 – Exception Grades Report](ex99-2s1.htm)

[Schedule 2 – Rating Agency Grades Report](ex99-2s2.htm)

[Schedule 3 – Data Compare Report](ex99-2s3.htm)

[Schedule 4 – Valuation Summary Report](ex99-2s4.htm)

[99.3](ex99-3.htm) [Third Party Due Diligence Report – Clayton Narrative Report](ex99-3.htm)

[Schedule 1 – ATR QM Upload Report](ex99-3s1.htm)

[Schedule 2 – Conditions Report](ex99-3s2.htm)

[Schedule 3 – Loan Level Tape Compare Report](ex99-3s3.htm)

[Schedule 4 – Rating Agency ATR QM Report](ex99-3s4.htm)

[Schedule 5 – Valuation Summary Report](ex99-3s5.htm)

[Schedule 6 – Waived Conditions Report](ex99-3s6.htm)

[99.4](ex99-4.htm) [Third Party Due Diligence Report – Covius Executive Summary](ex99-4.htm)

[Schedule 1 – ATR QM Upload Report](ex99-4s1.htm)

[Schedule 2 – Exceptions Conditions Report](ex99-4s2.htm)

[Schedule 3 – Grades Report](ex99-4s3.htm)

[Schedule 4 – Tape Compare Report](ex99-4s4.htm)

[Schedule 5 – Valuation Report](ex99-4s5.htm)

## Exhibit 99.1

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.1**

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|:---|:---|:---|
| ![](ex991001.jpg) | **Ernst & Young LLP** <br> One Manhattan West <br> New York, NY 10001  | Tel: +1 212 773 3000 <br> Fax: +1 212 773 6350 <br> ey.com  |

---

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

Morgan Stanley Mortgage Capital Holdings LLC

Morgan Stanley Capital I Inc.

Morgan Stanley & Co. LLC

1585 Broadway, 24<sup>th</sup> Floor

New York, New York 10036

8 March 2023

**Re: Morgan Stanley Residential Mortgage Loan Trust 2023-1 (the "Issuing Entity")**

**Mortgage Pass-Through Certificates, Series 2023-1 (the "Certificates")**

**Sample Mortgage Loan Agreed-Upon Procedures**

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

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

---

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

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

a. Electronic data files:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Labeled "MSRM 2023-1_Population - 373 Loans.xlsx"
and the corresponding record layout and decode information, as applicable (the "Loan Listing File"), that the Initial
Purchaser, on behalf of the Depositor, indicated contains a list of loan identification numbers corresponding to certain mortgage loans
(the "Base Preliminary Mortgage Loans") that are expected to be representative of the Mortgage Loans,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Labeled "20230202_MSRM 2023-1_Rating_Agency.xlsx"
and the corresponding record layout and decode information, as applicable (the "Base Preliminary Data File"), that the
Initial Purchaser, on behalf of the Depositor, indicated contains information as of 1 February 2023 (the "February
Cut-off Date") relating to the Base Preliminary Mortgage Loans and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Labeled "20230224_MSRM_2023-1_Rating_Agency_402_Loans.xlsx"
and the corresponding record layout and decode information, as applicable (the "Preliminary Data File," together with
the Base Preliminary Data File, the "Provided Data Files"), that the Initial Purchaser, on behalf of the Depositor,
indicated contains information as of 1 March 2023 (the "March Cut-off Date") relating to certain mortgage
loans (the "Preliminary Mortgage Loans") that are expected to be representative of the Mortgage Loans,

b. Imaged copies of the:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Loan application or occupancy affidavit (collectively and
as applicable, the "Application"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Underwriting summary (the "Underwriting Summary"),

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Final title policy (the "Final Title Policy"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. PUD Rider (the "PUD Rider") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. Settlement statement or closing disclosure (collectively
and as applicable, the "Settlement Statement," together with the Note, Application, Underwriting Summary, Appraisal,
Final Title Policy and PUD Rider, the "Source Documents")

that the Initial Purchaser, on behalf of the Depositor, indicated relate to the Sample 1 Mortgage Loans and Sample 2 Mortgage Loans (both as defined in Attachment A) (collectively, the "Sample Mortgage Loans"),

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

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

For the purpose of the procedures described in this report, the Provided Data Files are the "Subject Matter" as of the date of this report.

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

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

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

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

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

b. Making any findings with respect to:

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

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

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

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

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| ![](ex991001.jpg) | Page 4 of 4<br>|

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

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

/s/ Ernst & Young LLP

8 March 2023

---

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|:---|:---|
| ![](ex991001.jpg) | **Attachment A**<br> Page 1 of 2 <br>|

---

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

1. As instructed by the Initial Purchaser,
on behalf of the Depositor, we randomly selected a sample of 187 Base Preliminary Mortgage Loans from the Loan Listing File (the "Sample 1 Mortgage
Loans"). For the purpose of this procedure, the Initial Purchaser, on behalf of the Depositor, did not inform us as to the basis
for how they determined the number of Sample 1 Mortgage Loans or the methodology they instructed us to use to select the Sample 1 Mortgage
Loans from the Loan Listing File.

For the purpose of the procedures described in this report, the 187 Sample 1 Mortgage Loans are referred to as Sample Mortgage Loan Numbers 1 through 187.

2. For each mortgage loan on the Loan Listing File and Base
Preliminary Data File, we compared the identification number (each, a "Loan Number"), as shown on the Loan Listing File, to
the corresponding Loan Number, as shown on the Base Preliminary Data File, and noted that:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. No mortgage loans other than the Base Preliminary Mortgage Loans were
included on the Loan Listing File or Base Preliminary Data File.

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

4. For each mortgage loan on the Base Preliminary Data File
and Preliminary Data File, we compared the Loan Number, as shown on the Base Preliminary Data File, to the corresponding Loan Number,
as shown on the Preliminary Data File, and noted that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. 41 of the Preliminary Mortgage Loans included on the Preliminary Data
File were not included on the Base Preliminary Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. 12 of the Base Preliminary Mortgage Loans included on the Base Preliminary
Data File were not included on the Preliminary Data File (the "Removed Base Preliminary Mortgage Loans") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Five of the Removed Base Preliminary Mortgage Loans were Sample 1 Mortgage
Loans (the "Removed Sample 1 Mortgage Loans").

The Removed Sample 1 Mortgage Loans are Sample Mortgage Loan Numbers 11, 23, 35, 65 and 111.

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|:---|:---|
| ![](ex991001.jpg) | **Attachment A**<br> Page 2 of 2 <br>|

---

5. As instructed by the Initial Purchaser, on behalf of the
Depositor, we randomly selected a sample of 19 Preliminary Mortgage Loans from the Preliminary Data File that were not Sample 1 Mortgage
Loans (the "Sample 2 Mortgage Loans"). For the purpose of this procedure, the Initial Purchaser, on behalf of the
Depositor, did not inform us as to the basis for how they determined the number of Sample 2 Mortgage Loans or the methodology they
instructed us to use to select the Sample 2 Mortgage Loans from the Preliminary Data File.

For the purpose of the procedures described in this report, the 19 Sample 2 Mortgage Loans are referred to as Sample Mortgage Loan Numbers 188 through 206.

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

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

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

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| | | | |
|:---|:---|:---|:---|
| **<u>Sample Characteristic</u>** | **Provided<br> <u>Data File Field Name</u>** | **<u>Source Document(s)</u>** | **<u>Note(s)</u>** |
| Loan number | Loan Number | Note | i. |
| Original principal balance | Original Loan Amount | Note |  |
| Original interest rate | Original Interest Rate | Note |  |
| First payment date | First Payment Date of Loan | Note |  |
| Maturity date | Maturity Date | Note |  |
| Property state | State | Note |  |
| Property zip code | Postal Code | Note |  |
| Original term | Original Term to Maturity | (a) Note or<br> (b) Note and recalculation | ii. |
| Original interest only term | Original Interest Only Term | Note |  |
| Prepayment charge term | Prepayment Penalty Total Term | Note |  |
| Occupancy status | Occupancy | Application or Underwriting Summary | iii., iv. |
| Appraisal value | Original Appraised Property Value | Appraisal | v. |
| Property type | Property Type | Application, Appraisal, PUD Rider or Underwriting Summary | iii., v., vi. |
| Sale price (if applicable) | Sales Price | Settlement Statement | vii. |
| Loan purpose | Loan Purpose | (a) Application or<br> (b) Note, Settlement Statement and recalculation | iii., vii., viii. |
| Junior lien balance | Junior Mortgage Balance | Underwriting Summary, Application, Settlement Statement or Final Title Policy | iii., ix. |

---

**Exhibit 1 to Attachment A**<br> Page 2 of 4 <br>

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| | | | |
|:---|:---|:---|:---|
| **<u>Sample Characteristic</u>** | **Provided<br> <u>Data File Field Name</u>** | **<u>Source Document(s)</u>** | **<u>Note(s)</u>** |
| Original loan-to-value ratio | Original LTV | Recalculation | x., xi., xiii. |
| Combined loan-to-value ratio | Original CLTV | Recalculation | x., xii., xiii. |

---

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

i. For identification purposes
only.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) One.

iii. For the purpose of comparing
the indicated Sample Characteristics for each Sample Mortgage Loan, the Initial Purchaser, on behalf of the Depositor, provided one or
more Applications. For the purpose of comparing the indicated Sample Characteristics for each Sample Mortgage Loan with more than one
Application, the Initial Purchaser, on behalf of the Depositor, instructed us to use the most recent Application as the Source Document
(and in accordance with any other applicable note(s)).

iv. For the purpose of comparing
the occupancy status Sample Characteristic for each Sample Mortgage Loan, the Initial Purchaser, on behalf of the Depositor, instructed
us to note agreement if the value on the Provided Data File agreed with the corresponding information in at least one of the Source Documents
listed for such Sample Characteristic (and in accordance with any other applicable note(s)). We performed no procedures to reconcile any
differences that may exist relating to the information in the Source Documents relating to the occupancy status Sample Characteristic.

v. For the purpose of comparing
the indicated Sample Characteristics for each Sample Mortgage Loan, the Initial Purchaser, on behalf of the Depositor, provided one or
more Appraisals. For the purpose of comparing the indicated Sample Characteristics for each Sample Mortgage Loan with more than one Appraisal,
the Initial Purchaser, on behalf of the Depositor, instructed us to use the Appraisal with the lowest appraisal value as the Source Document
(and in accordance with any other applicable note(s)).

**Exhibit 1 to Attachment A**<br> Page 3 of 4 <br>

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

vi. For the purpose of comparing
the property type Sample Characteristic for each Sample Mortgage Loan, the Initial Purchaser, on behalf of the Depositor, instructed us
to note agreement if the value on the Provided Data File agreed with the corresponding information in at least one of the Source Documents
listed for such Sample Characteristic (and in accordance with any other applicable note(s)). We performed no procedures to reconcile any
differences that may exist relating to the information in the Source Documents related to the property type Sample Characteristic.

vii. For the purpose of comparing
the indicated Sample Characteristics for each Sample Mortgage Loan, the Initial Purchaser, on behalf of the Depositor, provided one or
more Settlement Statements. For the purpose of comparing the indicated Sample Characteristics for each Sample Mortgage Loan with more
than one Settlement Statement, the Initial Purchaser, on behalf of the Depositor, instructed us to use the most recent Settlement Statement
as the Source Document (and in accordance with any other applicable note(s)).

viii. For the purpose of comparing
the loan purpose Sample Characteristic for each Sample Mortgage Loan with a loan purpose of "First Time Home Purchase" or "Other-than-first-time
Home Purchase," as shown on the Provided Data File (each, a "Purchase Sample Mortgage Loan"), the Initial Purchaser,
on behalf of the Depositor, instructed us to use the Application as the Source Document (and in accordance with any other applicable note(s)).

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The unpaid principal
balance of any previous mortgage loan that is being refinanced, as shown in the Settlement Statement (and in accordance with any other
applicable note(s)) and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Total closing costs
relating to the Refinanced Sample Mortgage Loan, as shown in the Settlement Statement (and in accordance with any other applicable note(s)).

For each Refinanced Sample Mortgage Loan, the Initial Purchaser, on behalf of the Depositor, instructed us to note agreement with a loan purpose of:

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

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

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

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

ix. For the purpose of comparing
the junior lien balance Sample Characteristic for each Sample Mortgage Loan, the Initial Purchaser, on behalf of the Depositor, instructed
us to note agreement if the value on the Provided Data File agreed with the corresponding information in at least one of the Source Documents
listed for such Sample Characteristic (and in accordance with any other applicable note(s)). We performed no procedures to reconcile any
differences that may exist relating to the information in the Source Documents relating to the junior lien balance Sample Characteristic.

x. For each Sample Mortgage
Loan, the Initial Purchaser, on behalf of the Depositor, instructed us to calculate the "Value for LTV" as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the case of a Purchase
Sample Mortgage Loan, the lesser of (1) the appraisal value, as shown in the Appraisal (and in accordance with any other applicable note(s)),
and (2) the sale price (if applicable), as shown in the Settlement Statement (and in accordance with any other applicable note(s)), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the case of a Refinanced
Sample Mortgage Loan, the appraisal value, as shown in the Appraisal (and in accordance with any other applicable note(s)).

xi. For the purpose of comparing
the original loan-to-value ratio Sample Characteristic for each Sample Mortgage Loan, the Initial Purchaser, on behalf of the Depositor,
instructed us to recalculate the original loan-to-value ratio by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Dividing the original
principal balance, as shown in the Note, by the Value for LTV, as calculated herein, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Rounding the value calculated
in (a) above to the fourth decimal place (X.XXXX).

xii. For the purpose of comparing
the combined loan-to-value ratio Sample Characteristic for each Sample Mortgage Loan, the Initial Purchaser, on behalf of the Depositor,
instructed us to recalculate the combined loan-to-value ratio by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Adding the original
principal balance, as shown in the Note, and junior lien balance, as shown in the Underwriting Summary or Application (and in accordance
with any other applicable note(s)),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Dividing the value calculated
in (a) by the Value for LTV, as calculated herein, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Rounding the value calculated
in (b) above to the fourth decimal place (X.XXXX).

xiii. For the purpose of comparing
the indicated Sample Characteristics for each Sample Mortgage Loan, the Initial Purchaser, on behalf of the Depositor, instructed us to
ignore differences in the amount of +/- 0.0001 or less.

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

**Exhibit 2 to Attachment A**<br> Page 1 of 9 <br>

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

---

| | | | |
|:---|:---|:---|:---|
| **Sample Mortgage <u>Loan Number</u>** | **Sample<u><br> Characteristic</u>** | **<u>Provided Data File Value</u>** | **<u>Source Document Value</u>** |
| 1 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 3 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 4 | Property type | dPUD | PUD |
| 5 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 8 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 9 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 10 | Property type | dPUD | PUD |
| 12 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 13 | Property type | dPUD | PUD |
| 14 | Loan Purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 16 | Loan Purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 18 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 20 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 21 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 22 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 24 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 25 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |

---

**Exhibit 2 to Attachment A**<br> Page 2 of 9 <br>

---

| | | | |
|:---|:---|:---|:---|
| **Sample Mortgage <u>Loan Number</u>** | **Sample<u><br> Characteristic</u>** | **<u>Provided Data File Value</u>** | **<u>Source Document Value</u>** |
| 28 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 30 | Loan purpose | Refinance- Cash Out | Refinance- Rate Term |
| 34 | Property type | Condo, Low Rise (4 or fewer stories) | Condo, High Rise (5 + stories) |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 36 | Property type | dPUD | PUD |
| 37 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 39 | Property type | dPUD | PUD |
| 40 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 41 | Property type | dPUD | PUD |
| 42 | Property type | dPUD | PUD |
| 43 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 44 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 45 | Property type | Single Family Detached (non-PUD) | PUD |
| 47 | Property type | dPUD | PUD |
| 49 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 51 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 52 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 53 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 54 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |

---

**Exhibit 2 to Attachment A**<br> Page 3 of 9 <br>

---

| | | | |
|:---|:---|:---|:---|
| **Sample Mortgage <u>Loan Number</u>** | **Sample<u><br> Characteristic</u>** | **<u>Provided Data File Value</u>** | **<u>Source Document Value</u>** |
| 57 | Property type | dPUD | PUD |
| 58 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 59 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 60 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 61 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 62 | Property type | dPUD | PUD |
| 63 | Property type | dPUD | PUD |
| 66 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 67 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 68 | Property type | dPUD | PUD |
| 69 | Property type | dPUD | PUD |
| 70 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 73 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 74 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 77 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 78 | Property type | dPUD | PUD |
| 79 | Property type | dPUD | PUD |

---

**Exhibit 2 to Attachment A**<br> Page 4 of 9 <br>

---

| | | | |
|:---|:---|:---|:---|
| **Sample Mortgage <u>Loan Number</u>** | **Sample<u><br> Characteristic</u>** | **<u>Provided Data File Value</u>** | **<u>Source Document Value</u>** |
| 80 | Property type | dPUD | PUD |
| 82 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 84 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 85 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 86 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 88 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 89 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 90 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 91 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 92 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 94 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 95 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 96 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 98 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 99 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 100 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |

---

**Exhibit 2 to Attachment A**<br> Page 5 of 9 <br>

---

| | | | |
|:---|:---|:---|:---|
| **Sample Mortgage <u>Loan Number</u>** | **Sample<u><br> Characteristic</u>** | **<u>Provided Data File Value</u>** | **<u>Source Document Value</u>** |
| 101 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 102 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 103 | Property type | Condo, Low Rise (4 or fewer stories) | Condo, High Rise (5 + stories) |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 104 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 105 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 106 | Property type | dPUD | PUD |
| 107 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 108 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 109 | Property type | dPUD | PUD |
| 110 | Property type | dPUD | PUD |
| 112 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 113 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 115 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 116 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 117 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 118 | Property type | dPUD | PUD |
| 119 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |

---

**Exhibit 2 to Attachment A**<br> Page 6 of 9 <br>

---

| | | | |
|:---|:---|:---|:---|
| **Sample Mortgage <u>Loan Number</u>** | **Sample<u><br> Characteristic</u>** | **<u>Provided Data File Value</u>** | **<u>Source Document Value</u>** |
| 120 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 121 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 122 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 123 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 124 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 125 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 126 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 127 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 128 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 129 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 131 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 133 | Property type | dPUD | PUD |
| 134 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 136 | Property type | Condo, Low Rise (4 or fewer stories) | Condo, High Rise (5 + stories) |
| 137 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 138 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 139 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |

---

**Exhibit 2 to Attachment A**<br> Page 7 of 9 <br>

---

| | | | |
|:---|:---|:---|:---|
| **Sample Mortgage <u>Loan Number</u>** | **Sample<u><br> Characteristic</u>** | **<u>Provided Data File Value</u>** | **<u>Source Document Value</u>** |
| 140 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 142 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 143 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 144 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 145 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 146 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 147 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 149 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 150 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 152 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 153 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 154 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 155 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 156 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 157 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 158 | Property type | dPUD | PUD |

---

**Exhibit 2 to Attachment A**<br> Page 8 of 9 <br>

---

| | | | |
|:---|:---|:---|:---|
| **Sample Mortgage <u>Loan Number</u>** | **Sample<u><br> Characteristic</u>** | **<u>Provided Data File Value</u>** | **<u>Source Document Value</u>** |
| 160 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 161 | Property type | dPUD | PUD |
| 162 | Property type | dPUD | PUD |
| 164 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 165 | Property type | dPUD | PUD |
| 166 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 169 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 170 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 171 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 172 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 173 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 174 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 176 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 177 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 179 | Property type | dPUD | PUD |
|  | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 181 | Property Type | Single Family Detached (non-PUD) | PUD |

---

**Exhibit 2 to Attachment A**<br> Page 9 of 9 <br>

---

| | | | |
|:---|:---|:---|:---|
| **Sample Mortgage <u>Loan Number</u>** | **Sample<u><br> Characteristic</u>** | **<u>Provided Data File Value</u>** | **<u>Source Document Value</u>** |
| 185 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |
| 186 | Property type | dPUD | PUD |
| 187 | Loan purpose | First Time Home Purchase | Other-than-first-time Home Purchase |

---

## Exhibit 99.2

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.2**

![](ex992001.jpg)

**EXECUTIVE SUMMARY**

**DESCRIPTION OF SERVICES**

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

AMC Diligence, LLC ("AMC") performed the due diligence services described below (the "Review") on residential mortgage loans originated by multiple correspondent lenders and acquired from various parties by Morgan Stanley Mortgage Capital Holdings LLC and/or one of its affiliates (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 February 2021 through January 2023 on mortgage loans with origination dates from February 2021 through December 2022.

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

The Review was conducted on three hundred fifty-six (356) mortgage loans with an aggregate original principal balance of approximately $363.326 million. During the course of the securitization evaluation process, the Client added and removed loans that were reviewed by AMC from the securitization. The initial population included three hundred seventy-three (373) mortgage loans with an aggregate original principal balance of approximately $373.814 million.

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;# of Borrowers | &nbsp;&nbsp;Borrower Qualifying FICO | &nbsp;&nbsp;Decision System | &nbsp;&nbsp;Mortgage Type | &nbsp;&nbsp;Product Description |
| &nbsp;&nbsp;# of Units | &nbsp;&nbsp;Borrower Self-Employed? | &nbsp;&nbsp;Disbursement Date | &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Property Type |
| &nbsp;&nbsp;Amortization Term | &nbsp;&nbsp;Borrower SSN | &nbsp;&nbsp;Doc Type | &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;Purpose |
| &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;City | &nbsp;&nbsp;Escrow Account | &nbsp;&nbsp;Original CLTV | &nbsp;&nbsp;Refi Purpose |
| &nbsp;&nbsp;Appraisal Effective Date | &nbsp;&nbsp;Coborrower Birth Date | &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Original Interest Rate | &nbsp;&nbsp;Representative FICO |
| &nbsp;&nbsp;Appraised Value | &nbsp;&nbsp;Coborrower First Name | &nbsp;&nbsp;Has FTHB | &nbsp;&nbsp;Original Loan Amount | &nbsp;&nbsp;State |
| &nbsp;&nbsp;Balloon Flag | &nbsp;&nbsp;Coborrower FTHB | &nbsp;&nbsp;Investor: Qualifying Housing Ratio | &nbsp;&nbsp;Original LTV | &nbsp;&nbsp;Street |
| &nbsp;&nbsp;Borrower Birth Date | &nbsp;&nbsp;Coborrower Last Name | &nbsp;&nbsp;Investor: Qualifying Total Debt Ratio | &nbsp;&nbsp;Original P&I | &nbsp;&nbsp;Total Cash-out |
| &nbsp;&nbsp;Borrower Citizenship | &nbsp;&nbsp;Coborrower Middle Name | &nbsp;&nbsp;Lender | &nbsp;&nbsp;Original PITI | &nbsp;&nbsp;Universal Loan Identifier (ULI) |
| &nbsp;&nbsp;Borrower First Name | &nbsp;&nbsp;Coborrower Qualifying FICO | &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;Original Term | &nbsp;&nbsp;Zip |
| &nbsp;&nbsp;Borrower FTHB | &nbsp;&nbsp;Coborrower Self-Employed? | &nbsp;&nbsp;LTV Valuation Value | &nbsp;&nbsp;Origination Channel |  |
| &nbsp;&nbsp;Borrower Last Name | &nbsp;&nbsp;Coborrower SSN | &nbsp;&nbsp;Maturity Date | &nbsp;&nbsp;Originator Loan Designation |  |
| &nbsp;&nbsp;Borrower Middle Name | &nbsp;&nbsp;Contract Sales Price | &nbsp;&nbsp;MERS Min Number | &nbsp;&nbsp;PITIA Reserves Months |  |

---

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

1 \| Page

![](ex992001.jpg)

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

AMC reviewed asset origination 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.

2 \| Page

![](ex992001.jpg)

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

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

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

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

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

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

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

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

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

Other aspects of AMC's review included (i) verifying that the address matched the mortgage note, (ii) verifying that the appraisal and the policies and procedures with regard to appraisal, including the appropriate level of review, when originating the mortgage loan, were followed, (iii) noting whether the property zip code was declared a FEMA disaster area after the valuation date and notifying client of same, (iv) confirming the appraisal report does not include any apparent environmental problems, (v) confirming the appraisal notes the current use of the property is legal or legal non-conforming (grandfathered), (vi) reviewing pictures to ensure (a) that the property is in average or better condition and any repairs are noted where required and (b) that the subject property is the one for which the valuation was ordered and that there are no negative external factors; and (vii) confirming that the value product that was used as part of the origination decision was directly accessible to AMC or if it was not directly accessible that another valuation product that was directly accessible to AMC was ordered in accordance with the Client's specific valuation waterfall process.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

&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;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 |

---

---

| | |
|:---|:---|
| 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. |

---

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

**(X) Recording Review**

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

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

**(XI) FIRREA Review**

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

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

**(XII) Document Review**

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;▪ Credit
 report;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Income
 and employment documentation;

&nbsp;&nbsp;&nbsp;&nbsp;▪ 4506T;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Asset
 documentation;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Sales
 contract;

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

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

&nbsp;&nbsp;&nbsp;&nbsp;▪ Appraisal;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Title/Preliminary
 Title;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Final
 1003;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Changed
 circumstance documentation;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Right
 of Rescission Disclosure;

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

&nbsp;&nbsp;&nbsp;&nbsp;▪ Note;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Mortgage
 Insurance;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Tangible
 Net Benefit Disclosure;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Subordination
 Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;▪ FACTA
 disclosures;

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;▪ Final
 HUD-1;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Initial
 TIL;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Final
 TIL;

&nbsp;&nbsp;&nbsp;&nbsp;▪ Loan
 Estimates;

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&nbsp;&nbsp;&nbsp;&nbsp;▪ Closing
 Disclosures; and

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

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

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

**(9) Disclaimer.**

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

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

**SUMMARY OF FINDINGS & CONCLUSIONS OF REVIEW** 

The NRSRO criteria referenced for this report and utilized for grading descriptions is based upon the requirements of Fitch Ratings, Inc. ("Fitch") and Kroll Bond Rating Agency, LLC ("Kroll").

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**OVERALL RESULTS SUMMARY**

There were three hundred fifty-six (356) mortgage loans in the securitization population reviewed by AMC. After all documents were presented, for Fitch and Kroll, two hundred thirty-three (233) (65.45%) loans had an overall grade of "A," and one hundred twenty-three (123) (34.55%) loan had an overall loan grade of "B."

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# of Loans** | &nbsp;&nbsp;**% of Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;233 | &nbsp;&nbsp;65.45% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;123 | &nbsp;&nbsp;34.55% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |

---

**COMPLIANCE RESULTS SUMMARY** 

Of the three hundred fifty-six (356) loans reviewed, under the applicable NRSRO grading criteria, ninety-five (95) had a Compliance Review "B" grade. Loans with an overall grade of "B" have multiple compliance exceptions; however, none are lower than a grade of "B."

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# of Loans** | &nbsp;&nbsp;**% of Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;261 | &nbsp;&nbsp;73.31% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;95 | &nbsp;&nbsp;26.69% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |

---

**CREDIT RESULTS SUMMARY** 

Of the three hundred fifty-six (356) mortgage loans, (88.20%) of the total received an "A" Credit Review grade. The forty-two (42) "B" Credit Review grades were due to missing documentation and/or guideline adherence. Exceptions were offset by strong compensating factors such as high disposable income, low LTV, and/or high liquid assets.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# of Loans** | &nbsp;&nbsp;**% of Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;314 | &nbsp;&nbsp;88.20% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;42 | &nbsp;&nbsp;11.80% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |

---

**PROPERTY/VALUATION RESULTS SUMMARY** 

All of the three hundred fifty-six (356) loans reviewed had a Property Review "A" grade.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**NRSRO Grade** | &nbsp;&nbsp;**# of Loans** | &nbsp;&nbsp;**% of Loans** |
| &nbsp;&nbsp;A | &nbsp;&nbsp;356 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;B | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;C | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;D | &nbsp;&nbsp;0 | &nbsp;&nbsp;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").

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Exception <br> Type** | &nbsp;&nbsp;**Final <br> Exception <br> Rating** | &nbsp;&nbsp;**Exception Category** | &nbsp;&nbsp;**Total** |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;B | &nbsp;&nbsp;TRID Defect | &nbsp;&nbsp;59 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;B | &nbsp;&nbsp;ATR/QM Defect | &nbsp;&nbsp;27 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;B | &nbsp;&nbsp;ECOA | &nbsp;&nbsp;26 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;B | &nbsp;&nbsp;TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | &nbsp;&nbsp;6 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;B | &nbsp;&nbsp;ATR/QM | &nbsp;&nbsp;6 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;B | &nbsp;&nbsp;RESPA | &nbsp;&nbsp;5 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;B | &nbsp;&nbsp;Missing Disclosure | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;Compliance | &nbsp;&nbsp;B | &nbsp;&nbsp;***Total Compliance Grade (B) Exceptions:*** | &nbsp;&nbsp;***130*** |
| &nbsp;&nbsp;**Total Compliance Exceptions:** | &nbsp;&nbsp;**Total Compliance Exceptions:** | &nbsp;&nbsp;**Total Compliance Exceptions:** | &nbsp;&nbsp;**130** |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Title | &nbsp;&nbsp;22 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Guideline | &nbsp;&nbsp;10 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Loan Package Documentation | &nbsp;&nbsp;7 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Income / Employment | &nbsp;&nbsp;3 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;Insurance | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Credit | &nbsp;&nbsp;B | &nbsp;&nbsp;***Total Credit Grade (B) Exceptions:*** | &nbsp;&nbsp;***44*** |
| &nbsp;&nbsp;**Total Credit Exceptions:** | &nbsp;&nbsp;**Total Credit Exceptions:** | &nbsp;&nbsp;**Total Credit Exceptions:** | &nbsp;&nbsp;**44** |
| &nbsp;&nbsp;**Grand Total:** | &nbsp;&nbsp;**Grand Total:** | &nbsp;&nbsp;**Grand Total:** | &nbsp;&nbsp;**174** |

---

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**TAPE INTEGRITY REVIEW RESULTS SUMMARY**

Of the three hundred fifty-six (356) mortgage loans reviewed, two hundred forty-one (241) (67.70%) mortgage loans had tape discrepancies across thirty-two (32) unique data fields. The most common tape discrepancies were Investor Qualifying Total Debt Ratio, Note Date and Property Type. AMC found generally that the DTI discrepancies were due to differences in calculating complex incomes; while the data differed, the resulting ratios generally remained within guidelines.

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Field Label** | &nbsp;&nbsp;**Loans With<br> Discrepancy** | &nbsp;&nbsp;**Total Times <br> Compared** | &nbsp;&nbsp;**% <br> Variance** | &nbsp;&nbsp;**# Of <br> Loans** |
| &nbsp;&nbsp;# of Borrowers | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;# of Units | &nbsp;&nbsp;0 | &nbsp;&nbsp;85 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Amortization Term | &nbsp;&nbsp;0 | &nbsp;&nbsp;135 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;0 | &nbsp;&nbsp;159 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Appraisal Effective Date | &nbsp;&nbsp;0 | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Appraised Value | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Balloon Flag | &nbsp;&nbsp;0 | &nbsp;&nbsp;185 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Borrower Birth Date | &nbsp;&nbsp;0 | &nbsp;&nbsp;5 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Borrower Citizenship | &nbsp;&nbsp;0 | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Borrower First Name | &nbsp;&nbsp;10 | &nbsp;&nbsp;289 | &nbsp;&nbsp;3.46% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Borrower FTHB | &nbsp;&nbsp;3 | &nbsp;&nbsp;65 | &nbsp;&nbsp;4.62% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Borrower Last Name | &nbsp;&nbsp;4 | &nbsp;&nbsp;289 | &nbsp;&nbsp;1.38% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Borrower Middle Name | &nbsp;&nbsp;1 | &nbsp;&nbsp;2 | &nbsp;&nbsp;50.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Borrower Qualifying FICO | &nbsp;&nbsp;0 | &nbsp;&nbsp;62 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Borrower Self-Employed? | &nbsp;&nbsp;0 | &nbsp;&nbsp;4 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Borrower SSN | &nbsp;&nbsp;2 | &nbsp;&nbsp;194 | &nbsp;&nbsp;1.03% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;City | &nbsp;&nbsp;4 | &nbsp;&nbsp;291 | &nbsp;&nbsp;1.37% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Coborrower Birth Date | &nbsp;&nbsp;0 | &nbsp;&nbsp;2 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Coborrower First Name | &nbsp;&nbsp;2 | &nbsp;&nbsp;20 | &nbsp;&nbsp;10.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Coborrower FTHB | &nbsp;&nbsp;0 | &nbsp;&nbsp;2 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Coborrower Last Name | &nbsp;&nbsp;2 | &nbsp;&nbsp;20 | &nbsp;&nbsp;10.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Coborrower Middle Name | &nbsp;&nbsp;1 | &nbsp;&nbsp;1 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Coborrower Qualifying FICO | &nbsp;&nbsp;0 | &nbsp;&nbsp;26 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Coborrower Self-Employed? | &nbsp;&nbsp;0 | &nbsp;&nbsp;2 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Coborrower SSN | &nbsp;&nbsp;0 | &nbsp;&nbsp;6 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Contract Sales Price | &nbsp;&nbsp;0 | &nbsp;&nbsp;21 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Decision System | &nbsp;&nbsp;11 | &nbsp;&nbsp;59 | &nbsp;&nbsp;18.64% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Disbursement Date | &nbsp;&nbsp;1 | &nbsp;&nbsp;4 | &nbsp;&nbsp;25.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Doc Type | &nbsp;&nbsp;0 | &nbsp;&nbsp;16 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Escrow Account | &nbsp;&nbsp;16 | &nbsp;&nbsp;67 | &nbsp;&nbsp;23.88% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;0 | &nbsp;&nbsp;48 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Has FTHB | &nbsp;&nbsp;23 | &nbsp;&nbsp;185 | &nbsp;&nbsp;12.43% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Investor: Qualifying Housing Ratio | &nbsp;&nbsp;1 | &nbsp;&nbsp;10 | &nbsp;&nbsp;10.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Investor: Qualifying Total Debt Ratio | &nbsp;&nbsp;95 | &nbsp;&nbsp;334 | &nbsp;&nbsp;28.44% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Lender | &nbsp;&nbsp;0 | &nbsp;&nbsp;185 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;0 | &nbsp;&nbsp;76 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;LTV Valuation Value | &nbsp;&nbsp;0 | &nbsp;&nbsp;17 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Maturity Date | &nbsp;&nbsp;5 | &nbsp;&nbsp;32 | &nbsp;&nbsp;15.63% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;MERS Min Number | &nbsp;&nbsp;6 | &nbsp;&nbsp;31 | &nbsp;&nbsp;19.35% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Mortgage Type | &nbsp;&nbsp;0 | &nbsp;&nbsp;10 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Note Date | &nbsp;&nbsp;61 | &nbsp;&nbsp;77 | &nbsp;&nbsp;79.22% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;7 | &nbsp;&nbsp;334 | &nbsp;&nbsp;2.10% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Original CLTV | &nbsp;&nbsp;16 | &nbsp;&nbsp;334 | &nbsp;&nbsp;4.79% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Original Interest Rate | &nbsp;&nbsp;4 | &nbsp;&nbsp;294 | &nbsp;&nbsp;1.36% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Original Loan Amount | &nbsp;&nbsp;21 | &nbsp;&nbsp;294 | &nbsp;&nbsp;7.14% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Original LTV | &nbsp;&nbsp;8 | &nbsp;&nbsp;149 | &nbsp;&nbsp;5.37% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Original P&I | &nbsp;&nbsp;0 | &nbsp;&nbsp;28 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Original PITI | &nbsp;&nbsp;1 | &nbsp;&nbsp;2 | &nbsp;&nbsp;50.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Original Term | &nbsp;&nbsp;10 | &nbsp;&nbsp;37 | &nbsp;&nbsp;27.03% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Origination Channel | &nbsp;&nbsp;0 | &nbsp;&nbsp;82 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Originator Loan Designation | &nbsp;&nbsp;33 | &nbsp;&nbsp;141 | &nbsp;&nbsp;23.40% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;PITIA Reserves Months | &nbsp;&nbsp;0 | &nbsp;&nbsp;185 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Product Description | &nbsp;&nbsp;0 | &nbsp;&nbsp;185 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;56 | &nbsp;&nbsp;334 | &nbsp;&nbsp;16.77% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Purpose | &nbsp;&nbsp;0 | &nbsp;&nbsp;334 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Refi Purpose | &nbsp;&nbsp;3 | &nbsp;&nbsp;33 | &nbsp;&nbsp;9.09% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Representative FICO | &nbsp;&nbsp;13 | &nbsp;&nbsp;272 | &nbsp;&nbsp;4.78% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;State | &nbsp;&nbsp;0 | &nbsp;&nbsp;294 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Street | &nbsp;&nbsp;20 | &nbsp;&nbsp;289 | &nbsp;&nbsp;6.92% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Total Cash-out | &nbsp;&nbsp;0 | &nbsp;&nbsp;33 | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Universal Loan Identifier (ULI) | &nbsp;&nbsp;4 | &nbsp;&nbsp;16 | &nbsp;&nbsp;25.00% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;Zip | &nbsp;&nbsp;1 | &nbsp;&nbsp;356 | &nbsp;&nbsp;0.28% | &nbsp;&nbsp;356 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**445** | &nbsp;&nbsp;**7059** | &nbsp;&nbsp;**6.30%** | &nbsp;&nbsp;**356** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Amortization Type** | &nbsp;&nbsp;**Loan <br> Count** | &nbsp;&nbsp;**% of <br> Loans** | &nbsp;&nbsp;**Original <br> Balance** | &nbsp;&nbsp;**% of <br> Balance** |
| &nbsp;&nbsp;Fixed | &nbsp;&nbsp;356 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$363326024.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**356** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$363326024.00** | &nbsp;&nbsp;**100.00%** |

---

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---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Lien Position** | &nbsp;&nbsp;**Loan <br> Count** | &nbsp;&nbsp;**% of <br> Loans** | &nbsp;&nbsp;**Original <br> Balance** | &nbsp;&nbsp;**% of <br> Balance** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;356 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$363326024.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**356** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$363326024.00** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Loan Purpose** | &nbsp;&nbsp;**Loan <br> Count** | &nbsp;&nbsp;**% of <br> Loans** | &nbsp;&nbsp;**Original <br> Balance** | &nbsp;&nbsp;**% of <br> Balance** |
| &nbsp;&nbsp;Cash Out: Debt Consolidation | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.28% | &nbsp;&nbsp;$1260000.00 | &nbsp;&nbsp;0.35% |
| &nbsp;&nbsp;Cash Out: Other/Multi-purpose/Unknown Purpose | &nbsp;&nbsp;69 | &nbsp;&nbsp;19.38% | &nbsp;&nbsp;$65051161.00 | &nbsp;&nbsp;17.90% |
| &nbsp;&nbsp;Limited Cash-Out | &nbsp;&nbsp;5 | &nbsp;&nbsp;1.40% | &nbsp;&nbsp;$4257000.00 | &nbsp;&nbsp;1.17% |
| &nbsp;&nbsp;First Time Home Purchase | &nbsp;&nbsp;44 | &nbsp;&nbsp;12.36% | &nbsp;&nbsp;$44392141.00 | &nbsp;&nbsp;12.22% |
| &nbsp;&nbsp;Other-than-first-time Home Purchase | &nbsp;&nbsp;209 | &nbsp;&nbsp;58.71% | &nbsp;&nbsp;$220342472.00 | &nbsp;&nbsp;60.65% |
| &nbsp;&nbsp;Rate/Term Refinance - Borrower Initiated | &nbsp;&nbsp;28 | &nbsp;&nbsp;7.87% | &nbsp;&nbsp;$28023250.00 | &nbsp;&nbsp;7.71% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**356** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$363326024.00** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Original Term** | &nbsp;&nbsp;**Loan <br> Count** | &nbsp;&nbsp;**% of <br> Loans** | &nbsp;&nbsp;**Original<br> Balance** | &nbsp;&nbsp;**% of <br> Balance** |
| &nbsp;&nbsp;241-360 Months | &nbsp;&nbsp;356 | &nbsp;&nbsp;100.00% | &nbsp;&nbsp;$363326024.00 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**356** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$363326024.00** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Property Type** | &nbsp;&nbsp;**Loan <br> Count** | &nbsp;&nbsp;**% of <br> Loans** | &nbsp;&nbsp;**Original <br> Balance** | &nbsp;&nbsp;**% of <br> Balance** |
| &nbsp;&nbsp;Single Family Detached | &nbsp;&nbsp;192 | &nbsp;&nbsp;53.93% | &nbsp;&nbsp;$196999341.00 | &nbsp;&nbsp;54.22% |
| &nbsp;&nbsp;Co-op | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.28% | &nbsp;&nbsp;$1025000.00 | &nbsp;&nbsp;0.28% |
| &nbsp;&nbsp;Condo, Low Rise | &nbsp;&nbsp;9 | &nbsp;&nbsp;2.53% | &nbsp;&nbsp;$10293000.00 | &nbsp;&nbsp;2.83% |
| &nbsp;&nbsp;Condo, High Rise | &nbsp;&nbsp;4 | &nbsp;&nbsp;1.12% | &nbsp;&nbsp;$3382500.00 | &nbsp;&nbsp;0.93% |
| &nbsp;&nbsp;PUD | &nbsp;&nbsp;149 | &nbsp;&nbsp;41.85% | &nbsp;&nbsp;$150026583.00 | &nbsp;&nbsp;41.29% |
| &nbsp;&nbsp;2 Family | &nbsp;&nbsp;1 | &nbsp;&nbsp;0.28% | &nbsp;&nbsp;$1599600.00 | &nbsp;&nbsp;0.44% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**356** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$363326024.00** | &nbsp;&nbsp;**100.00%** |
| &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**Loan <br> Count** | &nbsp;&nbsp;**% of <br> Loans** | &nbsp;&nbsp;**Original <br> Balance** | &nbsp;&nbsp;**% of <br> Balance** |
| &nbsp;&nbsp;Primary | &nbsp;&nbsp;288 | &nbsp;&nbsp;80.90% | &nbsp;&nbsp;$293721714.00 | &nbsp;&nbsp;80.84% |
| &nbsp;&nbsp;Second Home | &nbsp;&nbsp;68 | &nbsp;&nbsp;19.10% | &nbsp;&nbsp;$69604310.00 | &nbsp;&nbsp;19.16% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**356** | &nbsp;&nbsp;**100.00%** | &nbsp;&nbsp;**$363326024.00** | &nbsp;&nbsp;**100.00%** |

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15 \| Page

## Exhibit 99.2

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.2**

![](situs.jpg)

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| |
|:---|
| **Exception Grades** |
| **Run Date - 3/2/2023 3:49:32 PM** |

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SitusAMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Loan Exception ID** | **Exception Date** | **Exception Type** | **Exception Category** | **Exception Subcategory** | **15E Category** | **Exception** | **Exception Detail** | **Exception Information** | **Compensating Factors** | **Compensating Factor Information** | **Applying Party** | **Follow-up Comments** | **Cleared Date** | **Cured Date** | **Waived Date** | **Exception Level Grade** | **Note Date** | **Property State** | **Occupancy** | **Purpose** | **Exception Remediation** | **Originator QM ATR Status** | **TPR QM ATR Status** | **Is Curable** |
| 213282699 | [Redact} | [Redact} | [Redact} | 19372174 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-03-23): Waived on Rate Lock: Collateral cleared by Custodian | 03/23/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM | No |
| 213282699 | [Redact} | [Redact} | [Redact} | 19372175 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-03-23): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-03-19): (Rate Lock) [Redact] [Redact] | 03/23/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM | No |
| 213282842 | [Redact} | [Redact} | [Redact} | 19373893 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-04-07): Waived on Rate Lock: Collateral cleared by Custodian | 04/07/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213282842 | [Redact} | [Redact} | [Redact} | 19373894 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-04-07): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-04-05): (Rate Lock) [Redact] [Redact] | 04/07/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213282842 | [Redact} | [Redact} | [Redact} | 20456567 |  | Credit | Guideline | Guideline Issue | Guideline | Borrower has been on current job less than 2 years, and prior employment history was not documented as required. |  | Verification of the borrower's start date for their current job was not provided in the loan file and missing verification of employment dates for the borrowers previous employment. | The representative FICO score is above [Redact].<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DTI on the loan is less than or equal to [Redact].<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than or equal to [Redact].<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower has verified disposable income of at least [Redact].<br>Borrower has been employed in the same industry for more than 5 years.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | Guidelines Representative FICO: [Redact]; Representative FICO: [Redact]<br>Loan to Value: [Redact]<br>Reserves: 45.28; Guideline Requirement: 12.00<br>DTI: [Redact]; Guideline Maximum DTI: [Redact] | SitusAMC<br>Aggregator,SitusAMC<br>SitusAMC<br>SitusAMC<br>Aggregator,SitusAMC<br>Aggregator,SitusAMC<br>SitusAMC<br>SitusAMC<br>SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2021-04-27): Client elected to waive the condition with compensating factors<br>Reviewer Comment (2021-04-22): VOE did not verify two 2(years) of employment for current employer and VOE for previous employer was postdated. VOE verifying two (2) years of employment provided 5 business days prior to closing required.<br>Reviewer Comment (2021-04-21): VOE was not provided for borrower's current employer [Redact]. VOE for previous employer was provided. Please provide VOE for current employer to verify start date to ensure there were no gaps in employment. Exception remains. |  |  | 04/27/2021 | 2 C B |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213282842 | [Redact} | [Redact} | [Redact} | 20456568 |  | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. |  | Verification of the borrower's start date for their current job was not provided in the loan file and missing verification of employment dates for the borrowers previous employment to determine if there are any gaps in employment. |  |  |  | Reviewer Comment (2021-04-21): VOE was not provided for borrower's current employer [Redact]. VOE for previous employer was provided. Please provide VOE for current employer to verify start date to ensure there were no gaps in employment. Exception remains. | 04/21/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213282842 | [Redact} | [Redact} | [Redact} | 20456693 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Employment History | Qualified Mortgage (Dodd-Frank 2014): Employment history requirement not met. | Verification of the borrower's start date for their current job was not provided in the loan file and missing verification of employment dates for the borrowers previous employment. |  |  |  | Reviewer Comment (2021-04-22): VOE for current employer provided verifying start date. Exception cleared. Additional exceptions may apply as the VOE did not verify two 2(years) of employment and VOE for previous employer was postdated. | 04/22/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213282842 | [Redact} | [Redact} | [Redact} | 20456695 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of Non QM. | Loan designation failure due to employment verification failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2021-04-22): VOE for current employer provided verifying start date. Exception cleared. Additional exceptions may apply as the VOE did not verify two 2(years) of employment and VOE for previous employer was postdated. | 04/22/2021 |  |  | 1 B A C |  | [Redact} | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM status C B | Safe Harbor QM | Safe Harbor QM | Yes |
| 213282842 | [Redact} | [Redact} | [Redact} | 20456696 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | The Appraisal Desk ReviewFee was disclosed on the initial LE as [Redact] but was disclosed as [Redact] on the final CD. File does not contain a valid COC for this fee nor evidence of a cure. Provide an updated post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-04-28): PCCD, refund, letter of explanation and proof of delivery provided<br>Reviewer Comment (2021-04-27): Proof of the refund was provided; however the file is still missing proof of delivery of the cure package (PCCD and LOE) to the borrower, required to cure the tolerance violation.<br>Reviewer Comment (2021-04-27): Proof of delivery of the cure package was still not provided. Also, unable to confirm the refund given to the borrower via his credit card was received. Unable to determine the refund was issued to the borrower's credit card as there is no other documentation in file to be able to determine the credit card/account belonged to the borrower.<br>Reviewer Comment (2021-04-22): PCCD and LOE provided disclosing the tolerance cure. The file is missing proof of delivery to the borrower and proof the borrower has received the refund. The refund was a credit to the borrower's credit card and unable to determine the refund was received. |  | 04/28/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM | Safe Harbor QM | Yes |
| 213282842 | [Redact} | [Redact} | [Redact} | 20464724 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | Per the guidelines, two years tax transcripts are required to be obtained from the IRS within five (5) business days of the transcript service becoming available. The transcripts may be provided post-purchase, as applicable. Wage transcripts are acceptable for W-2 borrowers. The IRS transcripts and the supporting income documentation provided by the lender must be consistent. |  |  |  | Reviewer Comment (2021-04-07): Transcripts provided | 04/07/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213282842 | [Redact} | [Redact} | [Redact} | 20663761 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Employment History - Current and/or Previous Employment Documentation lacks Date Info | Qualified Mortgage (Dodd-Frank 2014): Missing Employment Dates to verify two years employment history for current and/or prior employment. | VOE did not verify two 2(years) of employment for current employer and VOE for previous employer was postdated. VOE verifying two (2) years of employment provided 5 business days prior to closing required. |  |  |  | Reviewer Comment (2021-04-27): Client elected to waive the condition with compensating factors |  |  | 04/27/2021 | 2 B |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213289153 | [Redact} | [Redact} | [Redact} | 19423106 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-03-03): Waived on Rate Lock: Collateral cleared by Custodian | 03/03/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213289153 | [Redact} | [Redact} | [Redact} | 19423107 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-03-03): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-03-01): (Rate Lock) [Redact] - [Redact]<br>Seller Comment (2021-02-26): (Rate Lock) The ECOA is on a document with other disclosures. It was uploaded in the original bundle on page 206 but I uploaded it again for you. | 03/03/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213289153 | [Redact} | [Redact} | [Redact} | 20027518 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2021-03-02): Acknowledgement of receipt was provided.<br>Seller Comment (2021-03-01): (Rate Lock) document uploaded [Redact]<br>Reviewer Comment (2021-03-01): To clear exception please provide verification of the date the appraisal was provided to the borrower. This must be 3 business days prior to the note date.<br>Seller Comment (2021-02-26): (Rate Lock) The ECOA is on a document with other disclosures. It was uploaded in the original bundle on page 206 but I uploaded it again for you. | 03/02/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213289153 | [Redact} | [Redact} | [Redact} | 20027519 |  | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Missing | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure for property located in a flood zone. | The file is missing a signed and dated Notice of Special Flood Hazard Disclosure. |  |  |  | Reviewer Comment (2021-03-01): Disclosure provided<br>Seller Comment (2021-02-26): (Rate Lock) The ECOA is on a document with other disclosures. It was uploaded in the original bundle on page 206 but I uploaded it again for you. | 03/01/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213289153 | [Redact} | [Redact} | [Redact} | 20027520 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | The file was missing a copy of the Homeownership Counseling disclosure or proof of the borrower's receipt within 3 days of originator application date. |  |  |  | Reviewer Comment (2021-03-01): Disclosure provided<br>Seller Comment (2021-02-26): (Rate Lock) The ECOA is on a document with other disclosures. It was uploaded in the original bundle on page 206 but I uploaded it again for you. | 03/01/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213289153 | [Redact} | [Redact} | [Redact} | 20027521 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. |  |  |  | Reviewer Comment (2021-03-01): Initial CD provided<br>Seller Comment (2021-02-26): (Rate Lock) The ECOA is on a document with other disclosures. It was uploaded in the original bundle on page 206 but I uploaded it again for you. | 03/01/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | No Defined Cure A | Safe Harbor QM | Safe Harbor QM | No |
| 213289153 | [Redact} | [Redact} | [Redact} | 20033236 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | The loan file did not provide a signed 4506T for the borrower's. Additionally, wo (2) years of tax transcripts are required to be obtained from the IRS within five (5) business days of the transcript service becoming available. The transcripts may be provided post-purchase, as applicable. Borrower pulled transcripts are not acceptable. The transcripts will be used to validate the income documentation used to underwrite the loan. Wage transcripts are acceptable for W-2 borrowers. |  |  |  | Reviewer Comment (2021-03-01): 4506 and tax transcripts provided<br>Seller Comment (2021-02-26): (Rate Lock) The ECOA is on a document with other disclosures. It was uploaded in the original bundle on page 206 but I uploaded it again for you. | 03/01/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213289153 | [Redact} | [Redact} | [Redact} | 20034076 |  | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is missing secondary valuation product required for securitization. |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2021-03-01): CDA provided | 03/01/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213358195 | [Redact} | [Redact} | [Redact} | 19463818 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-04-09): Waived on Rate Lock: Collateral cleared by Custodian | 04/09/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | A | Safe Harbor QM | Safe Harbor QM | No |
| 213358195 | [Redact} | [Redact} | [Redact} | 19463819 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-04-09): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-04-07): (Rate Lock) [Redact] Tracking Number [Redact] | 04/09/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | A | Safe Harbor QM | Safe Harbor QM | No |
| 213401548 | [Redact} | [Redact} | [Redact} | 19511607 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-05-14): Waived on Rate Lock: Collateral cleared by Custodian | 05/14/2021 |  |  | 1 A |  | [Redact} | Second Home | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213401548 | [Redact} | [Redact} | [Redact} | 19511608 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-05-14): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-05-13): (Rate Lock) [Redact] - [Redact] | 05/14/2021 |  |  | 1 A |  | [Redact} | Second Home | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213401548 | [Redact} | [Redact} | [Redact} | 20878137 |  | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided |  | The 1003 noted the borrower was not a US Citizen and no citizenship documentation was provided for review. |  |  |  | Reviewer Comment (2021-05-18): Corrected 1003 provided | 05/18/2021 |  |  | 1 C A |  | [Redact} | Second Home | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213401548 | [Redact} | [Redact} | [Redact} | 20879617 |  | Credit | 1003 | Document Error | 1003 | Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. |  | The 1003 noted the borrower was not a US Citizens and no proof of citizenship was located in the loan file. |  |  |  | Reviewer Comment (2021-05-18): Corrected 1003 provided | 05/18/2021 |  |  | 1 C A |  | [Redact} | Second Home | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213401548 | [Redact} | [Redact} | [Redact} | 20879667 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 |  | The loan file contained a signed 1003 which was not dated to confirm it is the final. |  |  |  | Reviewer Comment (2021-05-13): Signed and dated final 1003 provided | 05/13/2021 |  |  | 1 C A |  | [Redact} | Second Home | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213401548 | [Redact} | [Redact} | [Redact} | 20879679 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Citizenship Source Documentation was not provided |  | Citizenship source documentation was not located in the loan file. |  |  |  | Reviewer Comment (2021-05-18): Corrected 1003 provided | 05/18/2021 |  |  | 1 B A |  | [Redact} | Second Home | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213401548 | [Redact} | [Redact} | [Redact} | 20879867 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [Redact] is less than amount of binding Lender Credit previously disclosed in the amount of [Redact]. | The Lender Credit was disclosed on the initial LE as [Redact] but was disclosed on the final CD as [Redact]. File does not contain a valid COC for this fee nor evidence of a cure. Provide an updated post-close CD disclosing the tolerance cure to include [Redact] a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-05-14): Valid COC provided | 05/14/2021 |  |  | 1 C A |  | [Redact} | Second Home | Refinance - Limited Cash-out GSE | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM | Safe Harbor QM | Yes |
| 213401548 | [Redact} | [Redact} | [Redact} | 20879873 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | The Credit Report fee was disclosed on the initial LE as [Redact] but was disclosed on the final CD as [Redact]. File does not contain a valid COC for this fee nor evidence of a cure. Provide an updated post-close CD disclosing the tolerance cure to include [Redact] a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-05-20): PCCD, LOE, refund check and proof of delivery provided<br>Reviewer Comment (2021-05-19): PCCD provided; condition will be cured when cure package has been delivered.<br>Reviewer Comment (2021-05-18): A copy of the LOE and refund check was provided; however a corrected PCCD was not provided. Note: tracking information in file does not show the cure package was received as of [Redact]. |  | 05/20/2021 |  | 2 C B |  | [Redact} | Second Home | Refinance - Limited Cash-out GSE | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM | Safe Harbor QM | Yes |
| 213442845 | [Redact} | [Redact} | [Redact} | 19595685 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-04-14): Waived on Rate Lock: Collateral cleared by Custodian | 04/14/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213442845 | [Redact} | [Redact} | [Redact} | 19595686 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-04-14): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-04-12): (Rate Lock) [Redact] tracking # [Redact] | 04/14/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213442845 | [Redact} | [Redact} | [Redact} | 20537839 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Unable to locate a valid change of circumstance or a sufficient cure to the borrower. |  |  |  | Reviewer Comment (2021-04-20): PCCD, LOE, refund check and proof of delivery provided<br>Seller Comment (2021-04-15): (Rate Lock) [Redact] tracking number is [Redact] |  | 04/20/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM | Safe Harbor QM | Yes |
| 213442845 | [Redact} | [Redact} | [Redact} | 20537840 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Unable to locate a valid change of circumstance or a sufficient cure to the borrower. |  |  |  | Reviewer Comment (2021-04-20): PCCD, LOE, refund check and proof of delivery provided<br>Seller Comment (2021-04-15): (Rate Lock) [Redact] tracking number is [Redact] |  | 04/20/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM | Safe Harbor QM | Yes |
| 213442885 | [Redact} | [Redact} | [Redact} | 19596275 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-04-27): Waived on Rate Lock: Collateral cleared by Custodian | 04/27/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213442885 | [Redact} | [Redact} | [Redact} | 19596276 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-04-27): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-04-22): (Rate Lock) [Redact] # [Redact] | 04/27/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213442885 | [Redact} | [Redact} | [Redact} | 20630289 |  | Credit | Missing Document | General | Missing Document | Incomplete Document: Closing Disclosure is incomplete |  | The initial CD is missing page 5 of 5. |  |  |  | Reviewer Comment (2021-04-22): Page 5 provided. Exception cleared. | 04/22/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213483061 | [Redact} | [Redact} | [Redact} | 19694818 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-05-06): Waived on Rate Lock: Collateral cleared by Custodian | 05/06/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213483061 | [Redact} | [Redact} | [Redact} | 19694819 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-05-06): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-05-03): (Rate Lock) [Redact] tracking # [Redact] | 05/06/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213483061 | [Redact} | [Redact} | [Redact} | 20755858 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [Redact] is less than amount of binding Lender Credit previously disclosed in the amount of [Redact]. | Original lender credit of [Redact] stated on [Redact]; however, thet final CD reflected [Redact]; no valid Change in Circumstance was provided. |  |  |  | Reviewer Comment (2021-05-06): Valid COC provided | 05/06/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM | Safe Harbor QM | Yes |
| 213483061 | [Redact} | [Redact} | [Redact} | 20828736 |  | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Payoff Statement(s) not provided |  | Upon further review, the file was missing a copy of the mortgage payoff statement. |  |  |  | Reviewer Comment (2021-05-10): Payoff statement received. | 05/10/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213492061 | [Redact} | [Redact} | [Redact} | 19695025 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-06-22): Waived on Rate Lock: Collateral cleared by Custodian | 06/22/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213492061 | [Redact} | [Redact} | [Redact} | 19695026 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-06-22): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-06-16): (Rate Lock) [Redact] TRACNING # [Redact] | 06/22/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213492061 | [Redact} | [Redact} | [Redact} | 21385057 |  | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | The hazard policy does not provided for extended replacement cost, and did not provide a Replacement Cost Estimator. Coverage is short [Redact]. |  |  |  | Reviewer Comment (2021-06-30): RCE provided. Exception is clear. | 06/30/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213492061 | [Redact} | [Redact} | [Redact} | 21387890 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Fee was increased on the final CD without a valid change of circumstance. |  |  |  | Reviewer Comment (2021-06-21): PCCD, LOE, refund check and proof of delivery provided |  | 06/21/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM | Safe Harbor QM | Yes |
| 213578858 | [Redact} | [Redact} | [Redact} | 19706231 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-03-31): Waived on Rate Lock: Collateral cleared by Custodian | 03/31/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213578858 | [Redact} | [Redact} | [Redact} | 19706232 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-03-31): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-03-29): (Rate Lock) [Redact] [Redact] | 03/31/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213578858 | [Redact} | [Redact} | [Redact} | 20393809 |  | Credit | Guideline | Guideline Issue | Guideline | Borrower has been on current job less than 2 years, and prior employment history was not documented as required. |  | Third party verification of Start/End date of previous employment not verified. |  |  |  | Reviewer Comment (2021-04-13): VOE provided | 04/13/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213578858 | [Redact} | [Redact} | [Redact} | 20393848 |  | Credit | Insurance | Insurance Analysis | Insurance | The Flood Insurance Policy effective date is after the Note Date. | Flood Insurance Policy Effective Date ___, Note Date ___ | The homeowner's flood insurance declarations page in the file verified an effective date of [Redact] which is after the consummation date of [Redact]. Provide a revised homeowner's flood insurance declaration page or policy verifying coverage in effect at or prior to consummation. |  |  |  | Reviewer Comment (2021-04-07): Updated flood policy provided. | 04/07/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213578858 | [Redact} | [Redact} | [Redact} | 20393856 |  | Credit | Insurance | Insurance Analysis | Insurance | The Hazard Insurance Policy effective date is after the Transaction Date. |  | The homeowner's insurance declarations page in the file verified an effective date of [Redact] which is after the consummation date of [Redact]. Provide a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation. |  |  |  | Reviewer Comment (2021-04-02): Policy provided with correct effective date. | 04/02/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213578858 | [Redact} | [Redact} | [Redact} | 20393869 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | Start/End date of previous employment not verified. |  |  |  | Reviewer Comment (2021-04-13): VOE provided. | 04/13/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213578858 | [Redact} | [Redact} | [Redact} | 20393970 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Employment History | Qualified Mortgage (Dodd-Frank 2014): Employment history requirement not met. | Third party verification of Start/End date of previous employment not verified. Also, missing LOE for gap in employment provided from the borrower at or prior to consummation. |  |  |  | Reviewer Comment (2021-04-13): VOE and LOE provided | 04/13/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213578858 | [Redact} | [Redact} | [Redact} | 20393971 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of Non QM. | Loan designation failure due to QM failure. This exception will be cleared one all QM specific exceptions have been cured/cleared |  |  |  | Reviewer Comment (2021-04-13): VOE and LOE provided | 04/13/2021 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM | Safe Harbor QM | Yes |
| 213627822 | [Redact} | [Redact} | [Redact} | 19741613 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-05-19): Waived on Rate Lock: Collateral cleared by Custodian | 05/19/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213627822 | [Redact} | [Redact} | [Redact} | 19741614 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-05-19): Waived on Rate Lock: Collateral cleared by Custodian | 05/19/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213627822 | [Redact} | [Redact} | [Redact} | 20941666 |  | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Payoff Statement Missing | Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. |  |  |  |  | Reviewer Comment (2021-05-25): Payoff statement provided | 05/25/2021 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213627822 | [Redact} | [Redact} | [Redact} | 20941669 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The final CD disclosed the Amount of Non-Escrowed Property Costs over Year 1 as [Redact] on page 4; however the HOA dues total [Redact] per year. Final CD reflects Estimated Taxes, Insurance & Assessments of [Redact] monthly, correct amount is [Redact]. Provide a post-close CD correcting the Escrow Account section on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. Note: the difference is due to the lender qualified with less HOA Dues. The HOA dues calculated ([Redact] per month) was verified with the appraisal. |  |  |  | Reviewer Comment (2021-05-26): [Redact] received a PCCD correcting non escrowed property costs and LOE. |  | 05/26/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM | Safe Harbor QM | Yes |
| 213627822 | [Redact} | [Redact} | [Redact} | 20941713 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [Redact] is less than amount of binding Lender Credit previously disclosed in the amount of [Redact]. | Lender Credit last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-05-18): Valid COC provided | 05/18/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM | Safe Harbor QM | Yes |
| 213639915 | [Redact} | [Redact} | [Redact} | 19748057 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-05-06): Waived on Rate Lock: Collateral cleared by Custodian | 05/06/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | B A | Safe Harbor QM | Safe Harbor QM | No |
| 213639915 | [Redact} | [Redact} | [Redact} | 19748058 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-05-06): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-05-03): (Rate Lock) [Redact] tracking # [Redact] | 05/06/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | B A | Safe Harbor QM | Safe Harbor QM | No |
| 213639915 | [Redact} | [Redact} | [Redact} | 20755773 |  | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Payoff Statement Missing | Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. | Mortgage loan payoff statement not provided. |  |  |  | Reviewer Comment (2021-05-04): Mortgage payoff statement provided | 05/04/2021 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Rate/Term | B A | Safe Harbor QM | Safe Harbor QM | No |
| 213659312 | [Redact} | [Redact} | [Redact} | 19781207 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-06-04): Waived on Rate Lock: Collateral cleared by Custodian | 06/04/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213659312 | [Redact} | [Redact} | [Redact} | 19781208 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-06-04): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-06-03): (Rate Lock) [Redact] | 06/04/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213659312 | [Redact} | [Redact} | [Redact} | 21163717 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. |  | The subject property is located in a FEMA Disaster area. A post-disaster inspection verifying there was no damage to the subject property is required. The updated appraisal dated [Redact]had an effective date of [Redact]. |  |  |  | Reviewer Comment (2021-06-28): PDI provided | 06/28/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213659312 | [Redact} | [Redact} | [Redact} | 21163827 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact]). | Disclosure reflects a Finance Charges of [Redact] but the calculated Finance Charges was noted as [Redact] for a variance of [Redact]. Provide the following: Letter of Explanation, Proof of Delivery, Refund check for under-disclosed amount, Corrected CD, and Re-open Rescission if Applicable. Note: it appears the lender did not include the Title-Closing Protection Letter fee in the finance charge calculations. |  |  |  | Reviewer Comment (2021-07-21): Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and new RTC period has ended. Exception cured.<br>Seller Comment (2021-07-20): (Rate Lock) rescission period is over and documents were delivered<br>Reviewer Comment (2021-07-15): Revised PCCD, additional refund, proof of delivery and LOE provided. The rescission was re-opened as well; however the new 3 day rescission will not expire until midnight of [Redact] based on the borrower's received date of [Redact].<br>Reviewer Comment (2021-06-28): Lender provided a PCCD, LOE, proof of delivery and a copy of the refund check. However, the refund check was for [Redact] and the CD was under-disclosed by [Redact]. Also, the file is missing proof the rescission was not re-opened. Provide an additional PCCD, an additional refund of [Redact], letter of explanation, proof of delivery and re-open rescission. |  | 07/21/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM | Safe Harbor QM | Yes |
| 213659312 | [Redact} | [Redact} | [Redact} | 21959820 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Cash out exceeds the lesser of 1% or [Redact] for a rate and term refinance. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum. | DTI of [Redact] is < guideline max DTI of [Redact] by > 10% | SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2021-07-23): Client elects to waive with compensating factors. |  |  | 07/23/2021 | 2 B |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213685868 | [Redact} | [Redact} | [Redact} | 19794151 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-06-11): Waived on Rate Lock: Collateral cleared by Custodian | 06/11/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213685868 | [Redact} | [Redact} | [Redact} | 19794152 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-06-11): Waived on Rate Lock: Collateral cleared by Custodian | 06/11/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213685868 | [Redact} | [Redact} | [Redact} | 21303622 |  | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment does not meet the guideline requirements. |  | VVOE was completed [Redact] which was after the Note date | The representative FICO score is above [Redact].<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The qualifying DTI on the loan is less than or equal to [Redact].<br>The qualifying DTI on the loan is at least 10% less than the guideline maximum.<br>The Loan to Value (LTV) on the loan is less than or equal to [Redact].<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower has verified disposable income of at least [Redact].<br>Borrower has been employed in the same industry for more than 5 years.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. | DTI: [Redact]; Guideline Maximum DTI: [Redact]<br>Reserves: 17.39; Guideline Requirement: 12.00<br>Loan to Value: [Redact]; Guideline Maximum Loan to Value: [Redact] | SitusAMC<br>SitusAMC<br>SitusAMC<br>Aggregator,SitusAMC<br>SitusAMC<br>Aggregator,SitusAMC<br>SitusAMC<br>SitusAMC<br>SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2021-08-02): Client elected to waive with compensating factors<br>Reviewer Comment (2021-07-13): VOE completed within 5 business days of the loan closing date is required and was not provided. Exception remains open.<br>Seller Comment (2021-07-09): (Rate Lock) LEAVE OF ABSENCE STARTED [Redact] AND RETURN TO WORK IS [Redact]. EMPLOYEE IS PAID BASE PAY BASED ON LEAVE OF ABESENCE PROGRAM WE ALREADY PROVIDED<br>Reviewer Comment (2021-07-09): No new documentation was provided to address this condition.<br>Seller Comment (2021-07-07): (Rate Lock) expiration date of rescission has passed. please clear exception<br>Reviewer Comment (2021-06-21): VOE provided was not completed within 5 business days of Note date. |  |  | 08/02/2021 | 2 C B |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213685868 | [Redact} | [Redact} | [Redact} | 21303666 |  | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | RTC disclosed incorrect expiration date. RTC shows [Redact] but should be [Redact]. |  |  |  | Reviewer Comment (2021-08-06): Lender provided LOE, proof of delivery, and re-opened rescission<br>Reviewer Comment (2021-08-04): Lender provided LOE, proof of delivery, and re-opened rescission on the correct model form. This cannot be cured until after the expiration date of [Redact] has passed.<br>Reviewer Comment (2021-08-02): Package delivering the new NORTC has still not been shipped or received. The condition cannot be cleared until the borrower receives the new NORTC and the new 3 day rescission expires. Exception remains<br>Reviewer Comment (2021-07-09): Package delivering the Notice of Right to cancel has not been delivered. Condition will be cleared when the borrower receives the new NORTC and the new three day rescission passes.<br>Seller Comment (2021-07-07): (Rate Lock) expiration date of rescission has passed. please clear exception<br>Reviewer Comment (2021-06-21): New RTC form with LOE and proof of delivery provided. New expiration [Redact]. Note: This exception will not be cleared until expiration of new rescission period. |  | 08/06/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B | Safe Harbor QM | Safe Harbor QM | Yes |
| 213685868 | [Redact} | [Redact} | [Redact} | 21526826 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Temporary Leave - Returning to Work Confirmation | Qualified Mortgage (Dodd-Frank 2014): Temporary Leave income cannot be considered due to missing documentation in file confirming the consumer intends to return to work. | Upon further review, the co-borrower was on a leave of absence and the file is missing verification of the start date of the leave, documentation from the co-borrower confirming her intention to return to work, and documentation verifying which option of the company's leave policy applies to be able to determine the co-borrower's pay during the leave. |  |  |  | Reviewer Comment (2021-08-02): Documentation supporting the co-borrowers leave of absence and return to work provided<br>Reviewer Comment (2021-07-30): Proof of the pay received while on leave was provided; however the file is still missing verification from the co-borrower of her intent to return to work and the anticipated date. Exception remains open.<br>Reviewer Comment (2021-07-13): Employer letter verifying LOA dates was provided however is it required for the co-borrower to provide verification of her intent to return to work at the agreed upon date stated by the employer. Exception remains open.<br>Seller Comment (2021-07-09): (Rate Lock) LEAVE OF ABSENCE STARTED [Redact] AND RETURN TO WORK IS [Redact]. EMPLOYEE IS PAID BASE PAY BASED ON LEAVE OF ABESENCE PROGRAM WE ALREADY PROVIDED<br>Reviewer Comment (2021-07-09): Still missing documentation from the co-borrower confirming her intention and proof of which option of leave pay was taken<br>Seller Comment (2021-07-07): (Rate Lock) expiration date of rescission has passed. please clear exception | 08/02/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213685868 | [Redact} | [Redact} | [Redact} | 21526828 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of Non QM. | Will be cleared after all QM exceptions are addressed |  |  |  | Reviewer Comment (2021-08-02): Documentation supporting the co-borrowers leave of absence and return to work provided | 08/02/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM status C B | Safe Harbor QM | Safe Harbor QM | Yes |
| 213685868 | [Redact} | [Redact} | [Redact} | 22093095 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___<br> Disaster Declaration Date: ___ | Post-disaster inspection required verifying no damage to the subject. | Property not inspected post FEMA declared disaster, but property is not located near the declared disaster area. | Client elects to waive the condition based on the subject's distance from the FEMA disaster. | SitusAMC,Aggregator | Reviewer Comment (2021-08-02): Client elects to waive the condition based on the subject's distance from the FEMA disaster. |  |  | 08/02/2021 | 2 B |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 213685879 | [Redact} | [Redact} | [Redact} | 19794485 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-05-20): Waived on Rate Lock: Collateral cleared by Custodian | 05/20/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | A | Safe Harbor QM | Safe Harbor QM | No |
| 213685879 | [Redact} | [Redact} | [Redact} | 19794486 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-05-20): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-05-18): (Rate Lock) [Redact] TRACKING # [Redact] | 05/20/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | A | Safe Harbor QM | Safe Harbor QM | No |
| 213699360 | [Redact} | [Redact} | [Redact} | 19806737 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-04-14): Waived on Rate Lock: Collateral cleared by Custodian | 04/14/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | A | Safe Harbor QM | Safe Harbor QM | No |
| 213699360 | [Redact} | [Redact} | [Redact} | 19806738 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-04-14): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-04-12): (Rate Lock) [Redact] Tracking # [Redact] | 04/14/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | A | Safe Harbor QM | Safe Harbor QM | No |
| 213738348 | [Redact} | [Redact} | [Redact} | 19847841 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-05-19): Waived on Rate Lock: Collateral cleared by Custodian | 05/19/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213738348 | [Redact} | [Redact} | [Redact} | 19847842 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-05-19): Waived on Rate Lock: Collateral cleared by Custodian | 05/19/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213738348 | [Redact} | [Redact} | [Redact} | 20941585 |  | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | Hazard insurance is insufficient by [Redact] and no replacement cost estimator was located in file. |  |  |  | Reviewer Comment (2021-05-18): RCE provided | 05/18/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213738348 | [Redact} | [Redact} | [Redact} | 20941641 |  | Credit | Title | Lien | Title | Missing evidence of lien position on Other Financing. |  | No Closing statement was provided for the HELOC; note in file. Credit Report showing [Redact] balance. |  |  |  | Reviewer Comment (2021-05-18): Subordination agreement provided<br>Reviewer Comment (2021-05-18): A copy of the subordination agreement was not located in the file. Provide the subordination agreement to confirm the subject lien is in 1st position.<br>Seller Comment (2021-05-17): (Rate Lock) [Redact] is the Lender on this loan and we subordinated it | 05/18/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213738348 | [Redact} | [Redact} | [Redact} | 20941821 |  | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Payoff Statement Missing | Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. | No mortgage loan payoff statement was provided in the loan file. |  |  |  | Reviewer Comment (2021-05-18): Mortgage payoff statement provided | 05/18/2021 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Rate/Term | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213738348 | [Redact} | [Redact} | [Redact} | 20941826 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Insufficient or no cure was provided to the borrower. | The 10% tolerance was exceeded by [Redact] which was cured at closing. |  |  |  | Reviewer Comment (2021-05-18): Cure provided on final CD | 05/18/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM | Safe Harbor QM | Yes |
| 213738348 | [Redact} | [Redact} | [Redact} | 20941835 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Employment dates for borrower's current employer not verified on documents provided to ensure no GAP in employment. |  |  |  | Reviewer Comment (2021-05-18): VVOE with start date provided | 05/18/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213738348 | [Redact} | [Redact} | [Redact} | 20970521 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-05-18): Sufficient Cure Provided At Closing |  | 05/18/2021 |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | Final CD evidences Cure A | Safe Harbor QM | Safe Harbor QM | Yes |
| 213738348 | [Redact} | [Redact} | [Redact} | 20970759 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Upon further review, the subordinate HELOC was not qualified with a payment. Per the guidelines, in cases in which a HELOC is resubordinated to the subject mortgage, the monthly amount listed on the credit report for such HELOC will be used. If no monthly payment amount is shown on the credit report, a one percent (1%) minimum payment of the maximum line amount will be used for qualifying. A credit report supplement showing the minimum monthly payment is also acceptable. If a HELOC has a zero balance and no draws within twenty-four (24) months of application, no payment need be included in DTI. Withdrawal activity must be documented with a transaction history for the line of credit. Provide documentation to verify no draws in the last 24 months or 1% of the maximum line amount will be included as a payment. |  |  |  | Reviewer Comment (2021-05-20): Proof there were no draws on subordinating HELOC provided<br>Seller Comment (2021-05-18): (Rate Lock) Heloc opened [Redact] - Borrower has not made any withdrawals per loan to date history provided [Redact] | 05/20/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C A | Safe Harbor QM | Safe Harbor QM | No |
| 213872560 | [Redact} | [Redact} | [Redact} | 19935740 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-04-27): Waived on Rate Lock: Collateral cleared by Custodian | 04/27/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM | Safe Harbor QM | No |
| 213872560 | [Redact} | [Redact} | [Redact} | 19935741 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-04-27): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-04-22): (Rate Lock) [Redact] # [Redact] | 04/27/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM | Safe Harbor QM | No |
| 213872560 | [Redact} | [Redact} | [Redact} | 20635288 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three (3) business days of application. | Application date is [Redact] and the disclosure provided is dated [Redact]. |  |  |  | Reviewer Comment (2021-04-22): ABA Disclosure provided. Exception cleared.<br>Seller Comment (2021-04-22): (Rate Lock) The Affiliated Business Arrangement Disclosure dated by Borrower on [Redact] is from a revised LE that was sent out. I have uploaded the one sent out and signed from the Initial Application documents | 04/22/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM | Safe Harbor QM | No |
| 214030163 | [Redact} | [Redact} | [Redact} | 20057341 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-07-22): Waived on Rate Lock: Collateral cleared by Custodian | 07/22/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214030163 | [Redact} | [Redact} | [Redact} | 20057342 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-07-22): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-07-21): (Rate Lock) [Redact] #[Redact] | 07/22/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214030163 | [Redact} | [Redact} | [Redact} | 21847494 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | S-Corp Income Documentation Test | Qualified Mortgage (Dodd-Frank 2014): Self-employed income documentation not sufficient (S-Corp). | Third party verification of self-employment is missing. |  |  |  | Reviewer Comment (2021-08-13): provided as a trailing doc<br>Reviewer Comment (2021-07-27): Missing most recent signed and dated Business tax return with all schedules therefore, unable to clear exception. | 08/13/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214030163 | [Redact} | [Redact} | [Redact} | 21847495 |  | Compliance | Compliance | Federal Compliance | ATR/QM | Self Employed - Implicit Adherence | Qualified Mortgage (Dodd-Frank 2014): Self Employed borrower's loan file contained tax returns that are not signed/dated, but the loan file contains the tax transcripts to evidence the tax returns were signed/dated at time of submission to the IRS. |  |  |  |  | Buyer Comment (2021-08-17): Waived on Rate Lock: Buyer accepts<br>Reviewer Comment (2021-07-27): Exception remains open. |  |  | 08/17/2021 | 2 B |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214030163 | [Redact} | [Redact} | [Redact} | 21847497 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - S-Corp Test | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current S-Corp status due to most recent Tax Return end date is older than 120 days before Closing Date, and one of these docs is required yet missing: Audited/Third Party P&L, CPA Letter, or other Third Party Verification. | Third party verification was not provided. |  |  |  | Reviewer Comment (2021-08-03): Third party verification was provided.<br>Reviewer Comment (2021-07-27): Third party verification of business provided however, dated post closing. Verification must be made within thirty (30) calendar days prior to the actual loan closing date from a third-party, such as the secretary of state, a CPA, regulatory agency, or the applicable licensing bureau, if possible. If a CPA letter is utilized, it must indicate that the borrower has been self-employed for a minimum of two (2) years. | 08/03/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214030163 | [Redact} | [Redact} | [Redact} | 21847498 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of ATR Fail. | This exception will be cleared once all ATR/QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2021-08-13): provided as a trailing doc | 08/13/2021 |  |  | 1 B A C |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | Lender to provide updated ATR/QM status C B | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 214030163 | [Redact} | [Redact} | [Redact} | 21847520 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Employment History - Current Employment Documentation lacks Date Info | Qualified Mortgage (Dodd-Frank 2014): Missing Employment Dates to verify two years current employment. | Missing a valid VVOE or third party verification of self-employment. |  |  |  | Reviewer Comment (2021-08-03): Third party verification was provided. | 08/03/2021 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214030163 | [Redact} | [Redact} | [Redact} | 21847521 |  | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2021-08-03): Third party verification was provided. | 08/03/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214051047 | [Redact} | [Redact} | [Redact} | 20108812 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-05-05): Waived on Rate Lock: Collateral cleared by Custodian | 05/05/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM | No |
| 214051047 | [Redact} | [Redact} | [Redact} | 20108813 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-05-05): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-05-03): (Rate Lock) [Redact] tracking # [Redact] | 05/05/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM | No |
| 214051047 | [Redact} | [Redact} | [Redact} | 20755866 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-04-30): Sufficient Cure Provided At Closing |  | 04/30/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM | Safe Harbor QM | Yes |
| 214051054 | [Redact} | [Redact} | [Redact} | 20109130 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-06-11): Waived on Rate Lock: Collateral cleared by Custodian | 06/11/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214051054 | [Redact} | [Redact} | [Redact} | 20109131 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-06-11): Waived on Rate Lock: Collateral cleared by Custodian | 06/11/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214051054 | [Redact} | [Redact} | [Redact} | 21299198 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Divorce Decree / Child Support not provided |  | The 1003 shows that the borrower owes monthly child support, but the file does not contain a divorce decree / child support order. |  |  |  | Reviewer Comment (2021-06-14): Documentation verifying the court-ordered child support was provided | 06/14/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214051054 | [Redact} | [Redact} | [Redact} | 21299424 |  | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Payoff Statement Missing | Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which may impact high cost findings. | The file was missing a copy of the mortgage payoff statement |  |  |  | Reviewer Comment (2021-06-14): payoff provided | 06/14/2021 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214051054 | [Redact} | [Redact} | [Redact} | 21299425 |  | Compliance | Compliance | State Compliance | Misc. State Level | Maryland Mortgage Lending Regulations (Tangible Net Benefit Worksheet Not Provided) | [Redact] Mortgage Lending Regulations: Net Tangible Benefit Worksheet not provided to borrower. | The [Redact] Net Tangible Benefit Worksheet not provided to borrower. |  |  |  | Reviewer Comment (2021-06-14): disclosure provided | 06/14/2021 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214051054 | [Redact} | [Redact} | [Redact} | 21299457 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact]). | Finance Charge disclosed is [Redact]. Calculated finance charge is [Redact]. Variance of [Redact]. Based on review of the final CD, [Redact] Title Services credit was not included in finance charge calculation. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable |  |  |  | Reviewer Comment (2021-07-14): PCCD, Refund check, LOE, proof of delivery and re-opened rescission was provided<br>Reviewer Comment (2021-06-17): Exception Detail Updated from: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact]). (Final/[Redact])<br>Reviewer Comment (2021-06-17): [Redact] received [Redact] Corrected CD, LOE to borrower, copy of refund check and proof of delivery. As this is a Material Disclosure violation on a rescindable transaction, reopening of rescission is also required to cure. Provide proof of reopening of rescission. |  | 07/14/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 214051054 | [Redact} | [Redact} | [Redact} | 21300612 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Transfer Tax was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2021-06-10): Sufficient Cure Provided At Closing |  | 06/10/2021 |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | Final CD evidences Cure B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 214051054 | [Redact} | [Redact} | [Redact} | 21419506 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [Redact]). | [Redact] received [Redact] Corrected CD, LOE to borrower, copy of refund check and proof of delivery. As this is a Material Disclosure violation on a rescindable transaction, reopening of rescission is also required to cure. Provide proof of reopening of rescission. |  |  |  | Reviewer Comment (2021-07-14): PCCD, Refund check, LOE, proof of delivery and re-opened rescission was provided |  | 07/14/2021 |  | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 214144103 | [Redact} | [Redact} | [Redact} | 20205491 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-06-22): Waived on Rate Lock: Collateral cleared by Custodian | 06/22/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214144103 | [Redact} | [Redact} | [Redact} | 20205492 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-06-22): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-06-17): (Rate Lock) [Redact] tracking # [Redact] | 06/22/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214144103 | [Redact} | [Redact} | [Redact} | 21313199 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-06-21): PCCD, LOE, refund check, and proof of delivery provided<br>Seller Comment (2021-06-17): (Rate Lock) [Redact] tracking # [Redact] |  | 06/21/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 214144103 | [Redact} | [Redact} | [Redact} | 21313203 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Transfer Taxes was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact] for this increase and [Redact] for the Appraisal Fee increase, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-06-21): Cure provided at closing<br>Reviewer Comment (2021-06-16): Cure was provided on the final CD. Condition will be cured when all other tolerance violations are addressed. | 06/21/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 214181731 | [Redact} | [Redact} | [Redact} | 20309989 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-06-22): Waived on Rate Lock: Collateral cleared by Custodian | 06/22/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214181731 | [Redact} | [Redact} | [Redact} | 20309990 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-06-22): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-06-17): (Rate Lock) [Redact] #[Redact] | 06/22/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214181731 | [Redact} | [Redact} | [Redact} | 21393547 |  | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. |  | Documented qualifying Assets for Closing of [Redact] is less than Cash From Borrower [Redact]. Lender to provide a paper trail for the wires out of the [Redact] account [Redact] on [Redact] for the funds to close. |  |  |  | Reviewer Comment (2021-06-30): Proof of wire to title company provided. Exception is clear.<br>Seller Comment (2021-06-29): (Rate Lock) uploaded incoming wire document for funds transferred out of [Redact]<br>Reviewer Comment (2021-06-22): Additional documentation was provided showing the funds wired out of the [Redact] account; however documentation was not provided confirming where those funds were sent. Exception remains | 06/30/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214181731 | [Redact} | [Redact} | [Redact} | 21418344 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-06-16): Sufficient Cure Provided At Closing |  | 06/16/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 214181731 | [Redact} | [Redact} | [Redact} | 21418345 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-06-16): Sufficient Cure Provided At Closing |  | 06/16/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 214463064 | [Redact} | [Redact} | [Redact} | 20634723 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-06-22): Waived on Rate Lock: Collateral cleared by Custodian | 06/22/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214463064 | [Redact} | [Redact} | [Redact} | 20634724 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-06-22): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-06-16): (Rate Lock) [Redact] TRACNING # [Redact] | 06/22/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214463064 | [Redact} | [Redact} | [Redact} | 21385731 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-06-28): PCCD, LOE, refund check and proof of delivery provided |  | 06/28/2021 |  | 2 C B |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 214463064 | [Redact} | [Redact} | [Redact} | 21385901 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 |  | Signed Final application is missing. |  |  |  | Reviewer Comment (2021-06-18): Final 1003 provided. Exception is clear.<br>Seller Comment (2021-06-16): (Rate Lock) this document was provided in the original bundle starting on page 7 | 06/18/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214463188 | [Redact} | [Redact} | [Redact} | 20636780 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-07-15): Waived on Rate Lock: Collateral cleared by Custodian | 07/15/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214463188 | [Redact} | [Redact} | [Redact} | 20636781 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-07-15): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-07-14): (Rate Lock) [Redact] # [Redact] | 07/15/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214463188 | [Redact} | [Redact} | [Redact} | 21732111 |  | Compliance | Compliance | State Compliance | Misc. State Level | Ohio Consumer Sales Practices Act (Acknowledgement of Receipt of Home Mortgage Loan Information Document Not Retained by Lender) | [Redact] Consumer Sales Practices Act: Acknowledgement of Receipt of Home Mortgage Loan Information Document not retained by lender. | Acknowledgement of Receipt of Home Mortgage Loan Information Document was not provided in the loan file. |  |  |  | Reviewer Comment (2021-07-13): Disclosure provided | 07/13/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214463188 | [Redact} | [Redact} | [Redact} | 21738794 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | VOE Verification Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2021-07-08): Sufficient Cure Provided At Closing |  | 07/08/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 214468200 | [Redact} | [Redact} | [Redact} | 20647461 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-07-15): Waived on Rate Lock: Collateral cleared by Custodian | 07/15/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214468200 | [Redact} | [Redact} | [Redact} | 20647462 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-07-15): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-07-14): (Rate Lock) [Redact] # [Redact] | 07/15/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214603276 | [Redact} | [Redact} | [Redact} | 20694324 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-06-28): Waived on Rate Lock: Collateral cleared by Custodian | 06/28/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214603276 | [Redact} | [Redact} | [Redact} | 20694325 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-06-28): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-06-23): (Rate Lock) [Redact] # [Redact] | 06/28/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214603276 | [Redact} | [Redact} | [Redact} | 21477548 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-06-22): Sufficient Cure Provided At Closing |  | 06/22/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 214603276 | [Redact} | [Redact} | [Redact} | 21479574 |  | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided |  | Rental payment history for a period of the last twenty-four (24) months is not evident in the file. Provide one of the following to verify rental history: (1) Canceled checks, front and back, reflecting necessary rent payments; (2) Bank statements reflecting rent payments and a signed lease agreement; or (3) Landlord - completed VOR form - acceptable only if the landlord is a professional management company. |  |  |  | Reviewer Comment (2021-06-30): Cancelled checks provided. Exception is clear. | 06/30/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214653324 | [Redact} | [Redact} | [Redact} | 20758046 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-07-21): Waived on Rate Lock: Collateral cleared by Custodian | 07/21/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214653324 | [Redact} | [Redact} | [Redact} | 20758047 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-07-21): Waived on Rate Lock: Collateral cleared by Custodian<br>Reviewer Comment (2021-07-20): Elevated to the client for review.<br>Seller Comment (2021-07-20): (Rate Lock) [Redact] #[Redact] | 07/21/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214683318 | [Redact} | [Redact} | [Redact} | 20814536 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-06-28): Waived on Rate Lock: Collateral cleared by Custodian | 06/28/2021 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214683318 | [Redact} | [Redact} | [Redact} | 20814537 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-06-28): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-06-23): (Rate Lock) [Redact] # [Redact] | 06/28/2021 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214687437 | [Redact} | [Redact} | [Redact} | 20819384 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-06-03): Waived on Rate Lock: Collateral cleared by Custodian | 06/03/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 214687437 | [Redact} | [Redact} | [Redact} | 20819385 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-06-03): Waived on Rate Lock: Collateral cleared by Custodian | 06/03/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 214687437 | [Redact} | [Redact} | [Redact} | 20962496 |  | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. |  |  |  |  |  | Reviewer Comment (2021-05-28): Client provided guidance to use prior guidelines that were in effect at the time the loan was approved. | 05/28/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 214704870 | [Redact} | [Redact} | [Redact} | 20870724 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-06-22): Waived on Rate Lock: Collateral cleared by Custodian | 06/22/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 214704870 | [Redact} | [Redact} | [Redact} | 20870725 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-06-22): Waived on Rate Lock: Collateral cleared by Custodian | 06/22/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 214710749 | [Redact} | [Redact} | [Redact} | 20872439 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-08-06): Waived on Rate Lock: Collateral cleared by Custodian | 08/06/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214710749 | [Redact} | [Redact} | [Redact} | 20872440 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-08-06): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-08-04): (Rate Lock) [Redact] #[Redact] | 08/06/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214710749 | [Redact} | [Redact} | [Redact} | 22125353 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided |  |  |  |  |  | Reviewer Comment (2021-08-13): provided as a trailing doc | 08/13/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214710749 | [Redact} | [Redact} | [Redact} | 22125985 |  | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. |  | The Final Title Policy Amount of [Redact] is less than the note amount of [Redact] based on the Commitment in file. Lender to provide an updated commitment with the correct loan amount |  |  |  | Reviewer Comment (2021-08-13): Final Title w/sufficient coverage provided as a trailing doc | 08/13/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214710749 | [Redact} | [Redact} | [Redact} | 22125986 |  | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. |  |  |  |  |  | Reviewer Comment (2021-08-13): Final Title w/sufficient coverage provided as a trailing doc | 08/13/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214710749 | [Redact} | [Redact} | [Redact} | 22126130 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The CD lists the HOA fees as [Redact]/year but the appraisal provided lists the HOA fees as [Redact]/year. |  |  |  | Reviewer Comment (2021-08-17): Lender provided LOE and corrected CD.<br>Reviewer Comment (2021-08-13): CD provided; however, missing copy of explanation letter to Borrower sent with revised CD; exception remains |  | 08/17/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 214755890 | [Redact} | [Redact} | [Redact} | 20984520 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-08-19): Waived on Rate Lock: Collateral cleared by Custodian | 08/19/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 214755890 | [Redact} | [Redact} | [Redact} | 20984521 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-08-19): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-08-16): (Rate Lock) [Redact] # [Redact] | 08/19/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215059012 | [Redact} | [Redact} | [Redact} | 21306066 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-07-23): Waived on Rate Lock: Collateral cleared by Custodian | 07/23/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215059012 | [Redact} | [Redact} | [Redact} | 21306067 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-07-23): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-07-22): (Rate Lock) [Redact] #[Redact] | 07/23/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215059012 | [Redact} | [Redact} | [Redact} | 21897476 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-08-02): [Redact] Sufficient cure provided at Closing. | 08/02/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215059012 | [Redact} | [Redact} | [Redact} | 21897477 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Verification of Employment Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-08-02): [Redact] Sufficient cure provided at Closing. | 08/02/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215059012 | [Redact} | [Redact} | [Redact} | 21897478 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Title Endorsement Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-08-02): [Redact] Received PCCD with payee name updated foe Endorsement fee. | 08/02/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215059012 | [Redact} | [Redact} | [Redact} | 21899033 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | File is missing copy of monthly statement to show if taxes and insurance are included with payment. Also missing verification of any HOA payments. All are needed to insure accurate PITIA is calculated into ratios |  |  |  | Reviewer Comment (2021-08-04): HOA verification provided.<br>Reviewer Comment (2021-08-04): Condition remains for missing verification of HOA, | 08/04/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215059012 | [Redact} | [Redact} | [Redact} | 21910649 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  |  |  |  |  | Reviewer Comment (2021-07-30): Fraud report provided.<br>Seller Comment (2021-07-29): (Rate Lock) the fraud report was in the original bundle uploaded [Redact] | 07/30/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215059012 | [Redact} | [Redact} | [Redact} | 22125410 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-08-04): Sufficient Cure Provided At Closing |  | 08/04/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215059012 | [Redact} | [Redact} | [Redact} | 22125411 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-08-04): Sufficient Cure Provided At Closing |  | 08/04/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215060687 | [Redact} | [Redact} | [Redact} | 21318613 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-06-28): Waived on Rate Lock: Collateral cleared by Custodian | 06/28/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215060687 | [Redact} | [Redact} | [Redact} | 21318614 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-06-28): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-06-23): (Rate Lock) [Redact] # [Redact] | 06/28/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215060687 | [Redact} | [Redact} | [Redact} | 21478148 |  | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment does not meet the guideline requirements. |  | The verification of employment was performed the day after closing and no VOE was in file dated within 10 days prior to closing. |  |  |  | Reviewer Comment (2021-07-08): Upon further review, the VVOE was dated within 5 days of closing and meets the guidelines.<br>Reviewer Comment (2021-06-25): Guidelines require the employment to be verified within 5 business days prior to the loan closing date. Although the information on the VOE is current as of [Redact] it was not ordered until [Redact] and the note date is [Redact]. | 07/08/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215060687 | [Redact} | [Redact} | [Redact} | 21478355 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Employment History - Current and/or Previous Employment Documentation lacks Date Info | Qualified Mortgage (Dodd-Frank 2014): Missing Employment Dates to verify two years employment history for current and/or prior employment. | Missing VOE for the borrower's prior employment to verify dates of employment. |  |  |  | Reviewer Comment (2021-07-08): VVOE for prior employment was provided | 07/08/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215060687 | [Redact} | [Redact} | [Redact} | 21486944 |  | Credit | Guideline | Guideline Issue | Guideline | Borrower has been on current job less than 2 years, and prior employment history was not documented as required. |  | Missing VOE's verifying 2 years of employment. |  |  |  | Reviewer Comment (2021-07-08): VVOE for prior employment was provided<br>Reviewer Comment (2021-06-25): To clear exception please provide a VOE for the borrowers prior employment. A W2 is not sufficient to verify dates of employment. | 07/08/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215060687 | [Redact} | [Redact} | [Redact} | 21486946 |  | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. |  | Missing VOE's verifying 2 years of employment. |  |  |  | Reviewer Comment (2021-07-08): VVOE for prior employment was provided<br>Reviewer Comment (2021-06-25): To clear exception please provide a VOE for the borrowers prior employment. A W2 is not sufficient to verify dates of employment. | 07/08/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215121055 | [Redact} | [Redact} | [Redact} | 21388426 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-09-20): Waived on Rate Lock: Collateral cleared by Custodian | 09/20/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215121055 | [Redact} | [Redact} | [Redact} | 21388427 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-09-20): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-09-16): (Rate Lock) [Redact] #[Redact] | 09/20/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215121055 | [Redact} | [Redact} | [Redact} | 22872902 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___<br> ___ | Lender to provide dully executed 4506 C's for 2019-2020 for both borrowers | The representative FICO score exceeds the guideline minimum by at least 40 points.<br>Borrower has worked in the same position for more than 3 years.<br>Borrower has verified disposable income of at least [Redact].<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Reserves: 87.49; Guideline Requirement: 15.00 | SitusAMC<br>SitusAMC<br>SitusAMC<br>SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2021-09-27): Client elected to waive the condition with compensating factors. |  |  | 09/27/2021 | 2 C B |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215289156 | [Redact} | [Redact} | [Redact} | 21525698 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-08-19): Waived on Rate Lock: Collateral cleared by Custodian | 08/19/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215289156 | [Redact} | [Redact} | [Redact} | 21525699 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-08-19): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-08-17): (Rate Lock) [Redact] # [Redact] | 08/19/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215289156 | [Redact} | [Redact} | [Redact} | 22442737 |  | Compliance | Compliance | Federal Compliance | ATR/QM | Self Employed - Minor Negative Income Documentation | Qualified Mortgage (Dodd-Frank 2014): Self Employed borrower with a minor loss included in the income qualification did not provide the year to date P&L and/or Balance Sheet. | Lender to provide signed and dated balance sheet. |  |  |  | Reviewer Comment (2021-08-18): Client elected to waive the condition<br>Reviewer Comment (2021-08-18): Document received already in the file. Do provide year to date P&L and/or Balance Sheet. Condition Remains. |  |  | 08/18/2021 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215289156 | [Redact} | [Redact} | [Redact} | 22442738 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Evidence of earlier receipt not provided. |  |  |  | Reviewer Comment (2021-08-18): Initial CD provided | 08/18/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | No Defined Cure B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215289156 | [Redact} | [Redact} | [Redact} | 22448311 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-08-17): Sufficient Cure Provided At Closing |  | 08/17/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215290876 | [Redact} | [Redact} | [Redact} | 21533750 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-09-20): Waived on Rate Lock: Collateral cleared by Custodian | 09/20/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215290876 | [Redact} | [Redact} | [Redact} | 21533751 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-09-20): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-09-16): (Rate Lock) [Redact] #[Redact] | 09/20/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215290876 | [Redact} | [Redact} | [Redact} | 22876857 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Certification Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Tax Certification Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2021-09-14): Sufficient Cure Provided At Closing |  | 09/14/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215290876 | [Redact} | [Redact} | [Redact} | 22876858 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2021-09-14): Sufficient Cure Provided At Closing |  | 09/14/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215326381 | [Redact} | [Redact} | [Redact} | 21624909 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-10-04): Waived on Rate Lock: Collateral cleared by Custodian | 10/04/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215326381 | [Redact} | [Redact} | [Redact} | 21624910 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-10-04): Waived on Rate Lock: Collateral cleared by Custodian | 10/04/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215326381 | [Redact} | [Redact} | [Redact} | 23073252 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | Non escrowed costs on the final CD are [Redact]. Lender calculated the non escrowed fees as [Redact]/month. HOA fee is [Redact] per year & Earthquake ins is [Redact] per year. Lender to verify what other costs are calculated into the non escrow costs. |  |  |  | Reviewer Comment (2021-11-04): PCCD provided updating non-escrowed costs. Exception cleared.<br>Reviewer Comment (2021-10-29): Provide evidence that a copy of the amended (unsigned) final CD was sent to the Borrower; exception remains<br>Reviewer Comment (2021-10-22): PCCD reflects non-escrowed fees totaling [Redact]; however, annual HOA is [Redact] per appraisal and Earthquake Policy is [Redact] which totals [Redact]; exception remains. | 11/04/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215326381 | [Redact} | [Redact} | [Redact} | 23435995 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Initial Escrow Deposit Disclosure disclosed initial escrow deposit as [Redact]. Final CD reflects initial escrow deposit of [Redact]. Lender to provide corrected initial escrow deposit disclosure. |  |  |  | Reviewer Comment (2021-11-18): IEAD corrected on post-close CD<br>Reviewer Comment (2021-11-10): [Redact] - Received Initial Escrow Account Disclosure Statement which is already in file from that initial escrow payment and monthly escrow payment is matching with final CD but on PCCD issued [Redact] reflects initial escrow payment of [Redact] and monthly escrow payment of [Redact]. Please provide updated Initial Escrow Account Statement. Exception remains.<br>Reviewer Comment (2021-11-01): PCCD issued [Redact] reflects initial escrow payment of [Redact] and monthly escrow payment of [Redact]. Missing Initial Escrow Account Statement which corresponds with the most current CD; exception remains |  | 11/18/2021 |  | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215327409 | [Redact} | [Redact} | [Redact} | 21627882 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-10-13): Waived on Rate Lock: Collateral cleared by Custodian | 10/13/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215327409 | [Redact} | [Redact} | [Redact} | 21627883 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-10-13): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-10-07): (Rate Lock) [Redact] # [Redact] | 10/13/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215327409 | [Redact} | [Redact} | [Redact} | 23072513 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. |  | The property is located in a FEMA disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [Redact] declared end date. |  |  |  | Reviewer Comment (2021-10-08): PDI report received, all necessary info updated & associated. Hence exception clear.<br>Seller Comment (2021-10-07): (Rate Lock) [Redact] # [Redact] | 10/08/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215327409 | [Redact} | [Redact} | [Redact} | 23210968 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | FTHB guidelines require 16 months PITIA reserves, the file only verified 15.75 months. | Borrower has verified disposable income of at least [Redact].<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | FICO of [Redact] is > guideline required FICO of [Redact] | SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2021-10-15): Client elects to waive with compensating factors. |  |  | 10/15/2021 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215385341 | [Redact} | [Redact} | [Redact} | 21719674 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-08-06): Waived on Rate Lock: Collateral cleared by Custodian | 08/06/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215385341 | [Redact} | [Redact} | [Redact} | 21719675 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-08-06): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-08-04): (Rate Lock) [Redact] #[Redact] | 08/06/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215385341 | [Redact} | [Redact} | [Redact} | 22128502 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | The appraisal fee was increased on the final CD without a valid change of circumstance or cure. |  |  |  | Reviewer Comment (2021-08-04): Sufficient Cure Provided At Closing |  | 08/04/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215389881 | [Redact} | [Redact} | [Redact} | 21735749 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-08-06): Waived on Rate Lock: Collateral cleared by Custodian | 08/06/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215389881 | [Redact} | [Redact} | [Redact} | 21735750 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-08-06): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-08-04): (Rate Lock) [Redact] # [Redact] | 08/06/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215389881 | [Redact} | [Redact} | [Redact} | 22130300 |  | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | HOI coverage is insufficient by [Redact]. Provide verification of policy with sufficient coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount. HOI Policy in file does reflect there is extended replacement cost, but does not verify how much. |  |  |  | Reviewer Comment (2021-08-13): RCE provided as a trailing doc<br>Reviewer Comment (2021-08-05): FNMA requires coverage of 80% of appraised value. [Redact] x 80% = [Redact]. Dwelling coverage per policy is [Redact]. Coverage shortage of [Redact]. Condition remains.<br>Seller Comment (2021-08-04): (Rate Lock) please review the hazard insurance we provided. loan amount is [Redact] and coverage is [Redact] | 08/13/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215389881 | [Redact} | [Redact} | [Redact} | 22130520 |  | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | Documentation could not be located in the file |  |  |  | Reviewer Comment (2021-08-06): Disclosure was provided. | 08/06/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215421448 | [Redact} | [Redact} | [Redact} | 21787371 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-08-27): Waived on Rate Lock: Collateral cleared by Custodian | 08/27/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215421448 | [Redact} | [Redact} | [Redact} | 21787372 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-08-27): Waived on Rate Lock: Collateral cleared by Custodian | 08/27/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215421448 | [Redact} | [Redact} | [Redact} | 22560847 |  | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. |  | Lender to provide an updated title commitment with the correct loan amount |  |  |  | Reviewer Comment (2021-08-30): Updated title provided<br>Seller Comment (2021-08-30): (Rate Lock) COPY OF UPDATED TITLE POLICY WAS PROVIDED IN THE ORIGINAL BUNDLE UPLOADED ON [Redact] | 08/30/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215421448 | [Redact} | [Redact} | [Redact} | 22561744 |  | Compliance | Compliance | State Compliance | Misc. State Level | Maryland Mortgage Lending Regulations (Tangible Net Benefit Worksheet Not Provided) | [Redact] Mortgage Lending Regulations: Net Tangible Benefit Worksheet not provided to borrower. |  |  |  |  | Reviewer Comment (2021-09-01): provided as a trailing doc | 09/01/2021 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215421448 | [Redact} | [Redact} | [Redact} | 22561788 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Employment History | Qualified Mortgage (Dodd-Frank 2014): Employment history requirement not met. | Missing LOE for the co-borrowers gap in employment from [Redact] to [Redact]. |  |  |  | Reviewer Comment (2021-09-01): provided as a trailing doc | 09/01/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215421448 | [Redact} | [Redact} | [Redact} | 22561789 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of Non QM. | This exception will be cleared once all ATR/QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2021-09-01): trailing docs provided | 09/01/2021 |  |  | 1 B A C |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | Lender to provide updated ATR/QM status C B | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215421448 | [Redact} | [Redact} | [Redact} | 22562387 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | The file contained proof of the borrower's receipt of an appraisal on [Redact]; however, the report date of the appraisal in file is [Redact] and [Redact]. Provide a copy of the preliminary appraisal provided to the borrower on [Redact] and proof of the borrower's receipt of the updated appraisals at or prior to consummation, but on or after [Redact] and [Redact]. |  |  |  | Buyer Comment (2021-09-16): Waived on Rate Lock: Buyer accepts<br>Reviewer Comment (2021-09-01): No new trailing docs provided to satisfy/clear; exception remains |  |  | 09/16/2021 | 2 B |  | [Redact} | Primary | Refinance - Limited Cash-out GSE | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215505829 | [Redact} | [Redact} | [Redact} | 21979586 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-11-03): Waived on Rate Lock: Collateral cleared by Custodian | 11/03/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 215505829 | [Redact} | [Redact} | [Redact} | 21979587 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-11-03): Waived on Rate Lock: Collateral cleared by Custodian | 11/03/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 215505829 | [Redact} | [Redact} | [Redact} | 23473527 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Partnership Income Documentation Test | Qualified Mortgage (Dodd-Frank 2014): Self-employed income documentation not sufficient (Partnership). | The business return provided is not signed and dated. |  |  |  | Reviewer Comment (2021-12-02): 2020 and 2019 signed/dated personal tax returns in file. 2020 business return and K1 in file, no 2019. Business started in Sept 2019. 2020 business return (1065) indicates initial return. Income is a minor loss offset against positive income.<br>Reviewer Comment (2021-11-30): The file is still missing the signed and dated 2019 1065 business tax returns and K1 for [Redact]. The business was incorporated on [Redact] and the 2019 business returns and K1 were not provided. Exception remains<br>Reviewer Comment (2021-11-22): 2019 Signed tax returns is still pending, hence exception remain.<br>Reviewer Comment (2021-11-17): Signed Business Tax Returns has been received and associated for 2020 however the 2019 signed tax returns is still required, hence exception remains | 12/02/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 215505829 | [Redact} | [Redact} | [Redact} | 23473528 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Employment History - Current and/or Previous Employment Documentation lacks Date Info | Qualified Mortgage (Dodd-Frank 2014): Missing Employment Dates to verify two years employment history for current and/or prior employment. | Missing VOE for the borrowers previous employment to verify start and end date.. |  |  |  | Reviewer Comment (2021-11-04): Received Third party verification for previous company, Exception Cleared | 11/04/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 215505829 | [Redact} | [Redact} | [Redact} | 23473529 |  | Compliance | Compliance | Federal Compliance | ATR/QM | Self Employed - Minor Negative Income Documentation | Qualified Mortgage (Dodd-Frank 2014): Self Employed borrower with a minor loss included in the income qualification did not provide the year to date P&L and/or Balance Sheet. |  |  |  |  |  |  |  | 10/26/2021 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 215505829 | [Redact} | [Redact} | [Redact} | 23473533 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of Non QM. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2021-12-02): Loan is SHQM.<br>Reviewer Comment (2021-11-30): The file is still missing the signed and dated 2019 1065 business tax returns and K1 for [Redact]. The business was incorporated on [Redact] and the 2019 business returns and K1 were not provided. Exception remains | 12/02/2021 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C B | Safe Harbor QM | Safe Harbor QM | Yes |
| 215505829 | [Redact} | [Redact} | [Redact} | 23473534 |  | Compliance | Compliance | State Compliance | Misc. State Level | Ohio Consumer Sales Practices Act (Acknowledgement of Receipt of Home Mortgage Loan Information Document Not Received Timely) | [Redact] Consumer Sales Practices Act: Acknowledgement of Receipt of Home Mortgage Loan Information Document not received by borrower within five (5) business days of application. |  |  |  |  | Reviewer Comment (2021-11-04): Received Document and updated, Exception Cleared | 11/04/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 215505829 | [Redact} | [Redact} | [Redact} | 23480795 |  | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. |  | Missing VOE for the borrowers previous employment |  |  |  | Reviewer Comment (2021-11-10): Received Third Party Verification of Employment for [Redact] with start and end date, Exception cleared. | 11/10/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 215505829 | [Redact} | [Redact} | [Redact} | 23488388 |  | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. |  | File is missing 2 months consecutive statements. Missing statement for the period of [Redact] to [Redact]. |  |  |  | Reviewer Comment (2021-11-17): Bank Statement from [Redact] till [Redact] has been received and associated, hence exception cleared | 11/17/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM | Safe Harbor QM | No |
| 215629676 | [Redact} | [Redact} |  | 22476589 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file was missing the 2020 business tax returns. The file contained the 2019 business tax returns. |  |  |  | Buyer Comment (2021-10-12): Initial and Final Grade B, accepted |  |  | 10/12/2021 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215629676 | [Redact} | [Redact} |  | 22476612 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Homeowners Insurance Included In Escrow | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redact] incorrectly disclosed whether Homeowners Insurance is included in escrow. | The lender listed the flood insurance under other on page 1 of the Final CD in the estimated taxes, insurance & assessments section. |  |  |  | Buyer Comment (2021-10-12): Initial and Final Grade B, accepted<br>Reviewer Comment (2021-10-11): Regraded to EV2-B as the Flood Insurance is being disclosed to the consumer, just in the incorrect line item as it should be part of Homeowners insurance, but instead was disclosed under other.<br>Seller Comment (2021-10-08): Flood insurance is required to be escrowed per federal law for all loans where flood insurance is required. The LTV for this loan did not necessitate escrow of taxes and insurance and the client chose not to escrow those items. The CD is accurate. Please refer to attachment [Redact]_Escrow Waiver. |  |  | 10/12/2021 | 2 C B |  | [Redact} | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 215629676 | [Redact} | [Redact} |  | 22476615 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Appraisal fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-10-11): [Redact] received valid changed circumstance.<br>Seller Comment (2021-10-08): The appraiser accepted the apprisal with the fee of [Redact] but the appraiser increased the fee due to the complexity of the property. The increase in fee was disclosed on [Redact]. Please refer to attachment [Redact]_[Redact] for evidence. | 10/11/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 215686980 | [Redact} | [Redact} | [Redact} | 22392451 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-11-11): Waived on Rate Lock: Collateral cleared by Custodian | 11/11/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215686980 | [Redact} | [Redact} | [Redact} | 22392452 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-11-11): Waived on Rate Lock: Collateral cleared by Custodian | 11/11/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215686980 | [Redact} | [Redact} | [Redact} | 23556825 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification the updated appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2021-11-15): Received Right to received copy of appraisal and updated, Exception Cleared<br>Seller Comment (2021-11-12): (Rate Lock) proof in file, please waive | 11/15/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215686980 | [Redact} | [Redact} | [Redact} | 23556826 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-11-01): Sufficient Cure Provided At Closing |  | 11/01/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 215686980 | [Redact} | [Redact} | [Redact} | 23558227 |  | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. |  | Missing 2 months verification of asset account number ending [Redact]. |  |  |  | Reviewer Comment (2021-11-23): Bank Statement from [Redact] till [Redact] has been received and also the ending balance of the statement ending [Redact] matches the statement starting [Redact] as [Redact], removed the previously attached statement and associated the updated statement, hence exception cleared<br>Seller Comment (2021-11-23): [Redact] Statement July<br>Reviewer Comment (2021-11-02): Trailing doc for B [Redact] starting [Redact] does not reflect the account number and shows a different beginning balance ([Redact]) than the previously provided statement ending [Redact] ([Redact]). Still missing statement for the corresponding month for account ending in [Redact]; exception remains<br>Seller Comment (2021-11-01): June and July Statements for both accounts | 11/23/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215686980 | [Redact} | [Redact} | [Redact} | 23558230 |  | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. |  | Missing 2 months verification of asset account number ending [Redact]. |  |  |  | Reviewer Comment (2021-11-08): received bank statement which is associated in clarity and cleared the exception<br>Seller Comment (2021-11-05): July [Redact] Statement<br>Reviewer Comment (2021-11-02): Trailing doc for CB [Redact] ending [Redact] does not reflect the account number and shows a different balance ([Redact]) than the previously provided statement for the same period ([Redact]). Still missing statement for the corresponding month for account ending in [Redact]; exception remains<br>Seller Comment (2021-11-01): Statements uploaded under previous condition | 11/08/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215686980 | [Redact} | [Redact} | [Redact} | 23878077 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | The additional months' statement for the [Redact] account [Redact] was provided; however the balance was less than the lender used to qualify resulting in the reserve requirement not being met. |  |  |  | Reviewer Comment (2021-12-01): Additional assets not disclosed on the final 1003 but located in the file were used to qualify. Lender provided a revised 1003 disclosing this assets<br>Seller Comment (2021-12-01): 1003 with updated assets<br>Reviewer Comment (2021-11-30): Upon further review, assets in file verified 5.79 months reserves which is less than the guideline requirement of 6 months. The difference is due to the statement for the [Redact] account[Redact] thru [Redact] (trailing doc) has a balance of [Redact] and the lender used the balance from the [Redact] statement of [Redact]. | 12/01/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215686980 | [Redact} | [Redact} | [Redact} | 23900520 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Upon further review, the DTI of [Redact] exceeds the guideline max of [Redact]. The difference is due to the lender qualified with a PITIA of [Redact] on the departure residence while the mortgage statement in file for this property verified the PITIA as [Redact]. | The representative FICO score is above [Redact].<br>Borrower has verified disposable income of at least [Redact].<br>Borrower has worked in the same position for more than 3 years. | Borrowers have a residual income of [Redact]<br>Both borrower's have been on their current jobs for 13 years. | SitusAMC<br>Aggregator,SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2021-12-08): Client elects to downgrade and waive. |  |  | 12/08/2021 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215686980 | [Redact} | [Redact} | [Redact} | 23900541 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | Upon further review, the DTI of [Redact] exceeds the guideline max of [Redact]. The difference is due to the lender qualified with a PITIA of [Redact] on the departure residence while the mortgage statement in file for this property verified the PITIA as [Redact]. | The representative FICO score is above [Redact].<br>Borrower has verified disposable income of at least [Redact].<br>Borrower has worked in the same position for more than 3 years. | Borrowers have a residual income of [Redact]<br>Both borrower's have been on their current jobs for 13 years. | SitusAMC<br>Aggregator,SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2021-12-08): Client elects to downgrade and waive with compensating factors. |  |  | 12/08/2021 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215686980 | [Redact} | [Redact} | [Redact} | 23900542 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. |  |  |  |  | Reviewer Comment (2021-12-08): Client elects to downgrade and waive. | 12/08/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215686980 | [Redact} | [Redact} | [Redact} | 23900552 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | The DTI exceeds the guideline max. This condition will be cleared when all ATR/QM conditions are cleared. |  |  |  | Reviewer Comment (2021-12-08): Client elects to downgrade and waive with compensating factors. | 12/08/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 215752608 | [Redact} | [Redact} | [Redact} | 22571764 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-12-14): Waived on Rate Lock: Collateral cleared by Custodian | 12/14/2021 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215752608 | [Redact} | [Redact} | [Redact} | 22571765 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-12-14): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-12-02): (Rate Lock) [Redact] # [Redact] | 12/14/2021 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215752608 | [Redact} | [Redact} | [Redact} | 23909607 |  | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | The file was missing a copy of this disclosure. |  |  |  | Reviewer Comment (2021-12-03): Notice of Furnishing Negative Information has been consider, and confirm Credit report All three source Equifax ,Experience and Trans Union is Available. Exception cleared. | 12/03/2021 |  |  | 1 B A |  | [Redact} | Second Home | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215752608 | [Redact} | [Redact} | [Redact} | 23909613 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-12-01): Sufficient Cure Provided At Closing |  | 12/01/2021 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure A B | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215752608 | [Redact} | [Redact} | [Redact} | 23909614 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-12-01): Sufficient Cure Provided At Closing |  | 12/01/2021 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure A B | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215752608 | [Redact} | [Redact} | [Redact} | 23919275 |  | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided |  | The co-borrower was qualified using assets from a business account with [Redact] account [Redact]. The file is missing documentation to verify the co-borrower has access to these funds. |  |  |  | Reviewer Comment (2021-12-09): Received evidence of access to funds for [Redact] account [Redact]. Exception cleared. | 12/09/2021 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A B | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215795626 | [Redact} | [Redact} | [Redact} | 22723841 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-12-09): Waived on Rate Lock: Collateral cleared by Custodian | 12/09/2021 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215795626 | [Redact} | [Redact} | [Redact} | 22723842 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-12-09): Waived on Rate Lock: Collateral cleared by Custodian | 12/09/2021 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215795626 | [Redact} | [Redact} | [Redact} | 23671857 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Employment History | Qualified Mortgage (Dodd-Frank 2014): Employment history requirement not met. | The primary borrower has a gap in employment from [Redact][Redact]. There is a LOE regarding this gap in the file, however, it is not signed/dated. Please provide the signed and dated copy of this LOE. |  |  |  | Reviewer Comment (2021-11-18): Received signed gap letter hence cleared the exception | 11/18/2021 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215795626 | [Redact} | [Redact} | [Redact} | 23672043 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of Non QM. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2021-11-18): All QM related exceptions are cleared | 11/18/2021 |  |  | 1 B A C |  | [Redact} | Second Home | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215795626 | [Redact} | [Redact} | [Redact} | 23710073 |  | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - Not High Cost and Not Higher Priced | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Second Home). | The final 1003 declarations section for both borrowers states they "WILL" occupy the property as their primary residence. |  |  |  | Reviewer Comment (2021-11-18): received updated page of 1003 for declaration section hence cleared the exception | 11/18/2021 |  |  | 1 B A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215809757 | [Redact} | [Redact} |  | 22860643 |  | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. |  | The file was missing a copy of the final title policy |  |  |  | Reviewer Comment (2021-09-23): Final title provided | 09/23/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215809757 | [Redact} | [Redact} |  | 22860683 |  | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. |  | HOI policy provide reflects incorrect mortgagee clause. Lender to provide updated policy reflecting "Lender its successors and assigns" |  |  |  | Reviewer Comment (2021-09-23): HOI policy received on [Redact] has been updated . Exception cleared.<br>Seller Comment (2021-09-22): [Redact]: Please see attached HOI with correct mortgagee. | 09/23/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215809757 | [Redact} | [Redact} |  | 22860786 |  | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. |  | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  | Reviewer Comment (2021-09-17): Received Final Title Policy. Exception Cleared.<br>Seller Comment (2021-09-16): [Redact]: Please see attached title showing loan amount as [Redact]. | 09/17/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215901566 | [Redact} | [Redact} | [Redact} | 22915092 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-11-11): Waived on Rate Lock: Collateral cleared by Custodian | 11/11/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215901566 | [Redact} | [Redact} | [Redact} | 22915093 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-11-11): Waived on Rate Lock: Collateral cleared by Custodian | 11/11/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215901566 | [Redact} | [Redact} | [Redact} | 23575022 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | 0% tolerance was exceeded by [Redact] due to increase of Appraisal Fee. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-11-02): Sufficient Cure Provided At Closing |  | 11/02/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 215901566 | [Redact} | [Redact} | [Redact} | 23575023 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Wire / Funding / Disbursement Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | 0% tolerance was exceeded by [Redact] due to increase of Wire / Funding / Disbursement Fee. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-11-02): Sufficient Cure Provided At Closing |  | 11/02/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 215901566 | [Redact} | [Redact} | [Redact} | 23581133 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2021-11-11): [Redact] :Sufficient Cure Provided at closing | 11/11/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 215908671 | [Redact} | [Redact} | [Redact} | 22927072 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-12-14): Waived on Rate Lock: Collateral cleared by Custodian | 12/14/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215908671 | [Redact} | [Redact} | [Redact} | 22927073 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-12-14): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-12-02): (Rate Lock) [Redact] # [Redact] | 12/14/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215943163 | [Redact} | [Redact} |  | 23063670 |  | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. |  | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  |  |  |  | 09/29/2021 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215943163 | [Redact} | [Redact} |  | 23071616 |  | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - PUD not provided |  | The appraisal identified the subject as a PUD; however a copy of the PUD Rider was not in file nor attached to the Deed of Trust. Provide a copy of the PUD Rider, If the PUD Rider was not obtained at consummation, provide a copy of the rider and proof the Deed of Trust will be re-recorded with the PUD Rider attached. |  |  |  | Reviewer Comment (2021-11-16): PUD rider with recorded mortgaged received same has been associated. Exception cleared.<br>Seller Comment (2021-11-15): Uploading a recorded mortgage with the pud rider<br>Seller Comment (2021-11-15): I have uploaded the recorded mortgage with the pud rider | 11/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215943170 | [Redact} | [Redact} |  | 23066230 |  | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. |  | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  |  |  |  | 09/29/2021 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 215963904 | [Redact} | [Redact} | [Redact} | 23079778 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-12-14): Waived on Rate Lock: Collateral cleared by Custodian | 12/14/2021 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215963904 | [Redact} | [Redact} | [Redact} | 23079779 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-12-14): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-12-02): (Rate Lock) [Redact] # [Redact] | 12/14/2021 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215963904 | [Redact} | [Redact} | [Redact} | 23910597 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Capital Gains Tax Returns | Qualified Mortgage (Dodd-Frank 2014): Three (3) years tax returns to evaluate Capital Gains or Losses requirement not met. | Appendix Q requires 3 years personal Tax Returns to evaluate Capital Gains income. File is missing 2018 personal Tax Returns. |  |  |  | Reviewer Comment (2021-12-09): As per Appendix Q requirement the personal tax returns for 2018 has been received and associated, hence exception cleared | 12/09/2021 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215963904 | [Redact} | [Redact} | [Redact} | 23910607 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of Non QM. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2021-12-09): As per Appendix Q requirement the personal tax returns for 2018 has been received and associated, hence exception cleared | 12/09/2021 |  |  | 1 B A C |  | [Redact} | Second Home | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 215963904 | [Redact} | [Redact} | [Redact} | 23910608 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | File missing copy of initial Closing disclosure dated [Redact] per [Redact] fulfillment system package. |  |  |  | Reviewer Comment (2021-12-09): Initial CD provided, exception cleared. | 12/09/2021 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | No Defined Cure A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 215963904 | [Redact} | [Redact} | [Redact} | 23919615 |  | Credit | Missing Document | General | Missing Document | Missing Document: Desk Review not provided |  | The file is missing the CDA desk review, required by the guidelines. |  |  |  | Reviewer Comment (2021-12-12): Exception cleared as received CDA desk review | 12/12/2021 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216076831 | [Redact} | [Redact} |  | 23172971 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | This is an EV2 informational exception and be acknowledged. |  |  |  | Reviewer Comment (2021-09-17): Client acknowledges and elects to waive.<br>Reviewer Comment (2021-09-17): Cleared in error.<br>Reviewer Comment (2021-08-11): [Redact] - Lender has acknowledged the exception.<br>Buyer Comment (2021-08-09): Please waive/acknowledge.<br>Reviewer Comment (2021-07-29): Exception is an EV2 informational only exception and does not affect grading. This exception can be waived acknowledged.<br>Buyer Comment (2021-07-26): Tax Extension |  |  | 09/17/2021 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216076831 | [Redact} | [Redact} |  | 23172972 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | Missing 2020 year end P&L and Balance Sheet for 1120 entity along with borrower W2 /paystubs for same period. Income/ DTI subject to further review and testing. |  |  |  | Reviewer Comment (2021-09-02): Clear, see new exception for DTI due to lack of income documentation.<br>Reviewer Comment (2021-09-02): See new exception relating to excessive DTI due to lack of documentation.<br>Buyer Comment (2021-09-02): Please remove requirement for a paystub for self employed borrower as per [Redact] guidelines it states, Fannie does not ask for paystubs for self employed 1120S borrowers : Follow the DU and the requirements in chapters B3-3 through B3-6 of the Fannie Mae Single Family Selling Guide, published June 3, 2020 or follow the LPA and the requirements in Sections 5102 through 5500 of the Freddie Mac Single-Family Seller/Servicer Guide, published June 10, 2020. If a discrepancy exists between DU and the aforementioned Fannie Mae guide or LPA and the aforementioned Freddie Mac guides the guide requirements<br>Reviewer Comment (2021-09-01): As per exception we need 2020 W-2 & paystub to clear the exception. Exception Remains.<br>Buyer Comment (2021-08-31): See lender comment:<br> Per Underwriter, [Redact] guidelines don't specify that paystubs are needed for self employed workers. Also, per [Redact] guidelines, if the most recent year's tax returns have not been filed by the IRS deadline, an executed copy of the borrower's extension is required, which we provided. Please advise why most recent paystubs and W2 are needed.<br>Reviewer Comment (2021-08-16): Received 2020 P/L statement and Balance sheet. However 2020 w2/paystub is missing. Exception remains.<br>Buyer Comment (2021-08-15): 2020 P&L, 2020 Balance Sheet, 2021 Balance Sheet, and Paystubs | 09/02/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216076831 | [Redact} | [Redact} |  | 23172973 |  | Credit | Credit | Miscellaneous | Credit | Miscellaneous Credit (Non-Material): |  | Data Tape reflects [Redact], however AUS Approve/Ineligible in file. |  |  |  | Reviewer Comment (2021-07-23): Loan submitted as [Redact], Directive from client to use [Redact] , designation APOR and [Redact] DTI.<br>Buyer Comment (2021-07-21): Loan was submitted as an [Redact] as shown on the [Redact] Lock Confirmation and DU provided. Please waive. | 07/23/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216076831 | [Redact} | [Redact} |  | 23172974 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Restated Loan Designation Match - QM / ATR | Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Safe Harbor QM (APOR) matches the Due Diligence Loan Designation of Safe Harbor QM (APOR). | Loan submitted as [Redact], Directive from client to use [Redact] , designation APOR and [Redact] DTI. |  |  |  | Reviewer Comment (2021-08-17): Update the 1003 screen, exception cleared.<br>Buyer Comment (2021-08-15): Pleaser clear condition - APOR designation and [Redact] dti are ok. | 08/17/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216076831 | [Redact} | [Redact} |  | 23172975 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2021-09-28): Loan is SHQM (APOR).<br>Buyer Comment (2021-09-27): Investor approved DTI<br>Reviewer Comment (2021-09-09): [Redact] - provide the 2020 W2 as noted on the P&L to allow this income to be included in the DTI ratio calculation.<br>Buyer Comment (2021-09-08): Please see lender comment:<br> We used the 2018 and 2019 income average and not the 2019 and 2020 average. The date on the worksheet is incorrect that's why I am sending you the corrected version. I am also attaching the W2's from 2018 and 2019 which were in the file but wanted to send them just in case there were not sent. Using income from the 2020 P&L instead of the filed tax returns to be conservative does not make sense since this is not even prepared by a CPA. Does this mean that if the borrower provide a 2021 YTD P&L, they will include this in the calculation? Please give us a calculation worksheet how they arrived at a ratio of [Redact] because [Redact] and I cannot figure it out. Thank you. | 09/28/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216076831 | [Redact} | [Redact} |  | 23172976 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both significantly exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] significantly exceeds the guideline maximum of [Redact]. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | New exception relating to prior exception. Missing P&L and Balance Sheets provided. Income analysis in file for loan approval reflects 2019 and 2020 income average was used; however, file does not contain 2020 W2. Review is using the 2020 year end P&L as the most conservative approach as it is declining from 2019. Review noted W2 income in the 2020 year PL; however, due to lack of borrower W2 unable to ascertain borrowers W2 earnings in 2020 so this W2 income from the P&L was omitted. DTI excessive. Provide evidence of borrower W2 for 2020. DTI subject to re-calculation. |  |  |  | Reviewer Comment (2021-09-17): Exception has been cleared with provision of the 2020 W2s. See new exception set for DTI now moderately exceeding guideline max.<br>Reviewer Comment (2021-09-17): 2020 W2 received and income included in calculations. DTI now [Redact] which still exceeds guideline maximum of [Redact]. Discrepancy due to lender using 2018/2019 average, however 2020 P&L shows a decline in income and the most conservative approach must be used.<br>Buyer Comment (2021-09-15): 2020 W2 for [Redact] uploaded as requested to include in DTI ratio calculation.<br>Reviewer Comment (2021-09-09): [Redact] - provide the 2020 W2 as noted on the P&L to allow this income to be included in the DTI ratio calculation.<br>Buyer Comment (2021-09-08): Please see lender comment:<br> We used the 2018 and 2019 income average and not the 2019 and 2020 average. The date on the worksheet is incorrect that's why I am sending you the corrected version. I am also attaching the W2's from 2018 and 2019 which were in the file but wanted to send them just in case there were not sent. Using income from the 2020 P&L instead of the filed tax returns to be conservative does not make sense since this is not even prepared by a CPA. Does this mean that if the borrower provide a 2021 YTD P&L, they will include this in the calculation? Please give us a calculation worksheet how they arrived at a ratio of [Redact] because [Redact] and I cannot figure it out. Thank you. | 09/17/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216076831 | [Redact} | [Redact} |  | 23172977 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | New exception relating to prior exception. Missing P&L and Balance Sheets provided. Income analysis in file for loan approval reflects 2019 and 2020 income average was used; however, file does not contain 2020 W2. Review is using the 2020 year end P&L as the most conservative approach as it is declining from 2019. Review noted W2 income in the 2020 year PL; however, due to lack of borrower W2 unable to ascertain borrowers W2 earnings in 2020 so this W2 income from the P&L was omitted. DTI excessive. Provide evidence of borrower W2 for 2020. DTI subject to re-calculation. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | 16 years S/E<br>41 months actual vs 9 required | SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2021-09-27): Exception provided for the following compensating factors: Reserves, length of time in LOB.<br>Buyer Comment (2021-09-24): Investor approved DTI<br>Reviewer Comment (2021-09-17): 2020 W2 received and income included in calculations. DTI now [Redact] which still exceeds guideline maximum of [Redact]. Discrepancy due to lender using 2018/2019 average, however 2020 P&L shows a decline in income and the most conservative approach must be used.<br>Buyer Comment (2021-09-15): 2020 W2 for [Redact] uploaded as requested to include in DTI ratio calculation.<br>Reviewer Comment (2021-09-09): [Redact] - provide the 2020 W2 as noted on the P&L to allow this income to be included in the DTI ratio calculation.<br>Buyer Comment (2021-09-08): Please see lender comment:<br> We used the 2018 and 2019 income average and not the 2019 and 2020 average. The date on the worksheet is incorrect that's why I am sending you the corrected version. I am also attaching the W2's from 2018 and 2019 which were in the file but wanted to send them just in case there were not sent. Using income from the 2020 P&L instead of the filed tax returns to be conservative does not make sense since this is not even prepared by a CPA. Does this mean that if the borrower provide a 2021 YTD P&L, they will include this in the calculation? Please give us a calculation worksheet how they arrived at a ratio of [Redact] because [Redact] and I cannot figure it out. Thank you. |  |  | 09/27/2021 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216076831 | [Redact} | [Redact} |  | 23172978 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Exception will be cleared when other QM exceptions are satisfied. |  |  |  | Reviewer Comment (2021-09-27): Exception provided for the following compensating factors: Reserves, length of time in LOB. | 09/27/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216076831 | [Redact} | [Redact} |  | 23172979 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | New exception as a result of documentation provided. 2020 W2 received and income included in calculations. DTI now [Redact] which still exceeds guideline maximum of [Redact]. Discrepancy due to lender using 2018/2019 average, however 2020 P&L shows a decline in income and the most conservative approach must be used. | Borrower has been employed in the same industry for more than 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | 16 years S/E<br>41 months actual vs 9 required | SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2021-09-27): Exception provided for the following compensating factors: Reserves, length of time in LOB.<br>Buyer Comment (2021-09-24): Investor approved DTI |  |  | 09/27/2021 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216128889 | [Redact} | [Redact} | [Redact} | 23239018 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-01-26): Waived on Rate Lock: Collateral cleared by Custodian | 01/26/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216128889 | [Redact} | [Redact} | [Redact} | 23239019 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-01-26): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-01-24): (Rate Lock) [Redact] | 01/26/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216128889 | [Redact} | [Redact} | [Redact} | 24513808 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-01-18): Sufficient Cure Provided At Closing |  | 01/18/2022 |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216131447 | [Redact} | [Redact} | [Redact} | 23240746 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-11-11): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-11-10): (Rate Lock) Collateral package will be delivered via [Redact] [Redact] | 11/11/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216131447 | [Redact} | [Redact} | [Redact} | 23240747 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-11-11): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-11-10): (Rate Lock) Collateral package will be delivered via [Redact] [Redact] | 11/11/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216131447 | [Redact} | [Redact} | [Redact} | 23635759 |  | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. |  |  |  |  |  |  |  |  | 11/05/2021 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216131447 | [Redact} | [Redact} | [Redact} | 23636334 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-11-05): Sufficient Cure Provided At Closing |  | 11/05/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216141706 | [Redact} | [Redact} | [Redact} | 23251714 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-01-25): Waived on Rate Lock: Collateral cleared by Custodian | 01/25/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216141706 | [Redact} | [Redact} | [Redact} | 23251715 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-01-25): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-01-24): (Rate Lock) [Redact] | 01/25/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216141706 | [Redact} | [Redact} | [Redact} | 24534895 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. |  |  |  |  | Reviewer Comment (2022-01-25): Received 1004 appraisal report and updated, Exception Cleared<br>Seller Comment (2022-01-24): Per attached appraisal, "As of [Redact]" effective date.<br>Reviewer Comment (2022-01-24): The Appraisal was completed on [Redact] however the ECOA Appraisal document was provided on [Redact], kindly assist in providing the document verifying that the ECOA Appraisal document was provided after the Appraisal was completed<br>Seller Comment (2022-01-21): Valuation waiver was signed, Valuation was still delivered [Redact], valuation was completed [Redact] | 01/25/2022 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216141706 | [Redact} | [Redact} | [Redact} | 24534982 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | Missing verification of Homeowner's Insurance premium for [Redact]. |  |  |  | Reviewer Comment (2022-01-31): Vacant land Tax document received & associated , Hence exception clear<br>Seller Comment (2022-01-28): Vacant Land Taxes<br>Reviewer Comment (2022-01-27): Request you to provide the Tax verification document for the address Vacant land [Redact]. Hence exception remains.<br>Seller Comment (2022-01-27): Updated HOI<br>Reviewer Comment (2022-01-23): The Insurance verification document received have the property address updated manually which is not acceptable, hence exception remains<br>Seller Comment (2022-01-21): REO Docs | 01/31/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216274575 | [Redact} | [Redact} | [Redact} | 23432657 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-01-04): Waived on Rate Lock: Collateral cleared by Custodian | 01/04/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216274575 | [Redact} | [Redact} | [Redact} | 23432658 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-01-04): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-12-30): (Rate Lock) [Redact] # [Redact] | 01/04/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216274575 | [Redact} | [Redact} | [Redact} | 24327182 |  | Compliance | Compliance | Federal Compliance | ATR/QM | Self Employed - Minor Negative Income Documentation | Qualified Mortgage (Dodd-Frank 2014): Self Employed borrower with a minor loss included in the income qualification did not provide the year to date P&L and/or Balance Sheet. | "Per the guidelines, Balance sheet is <br> requested and is used in the underwriting of the loan." |  |  |  |  |  |  | 12/30/2021 | 2 B |  | [Redact} | Primary | Refinance - Rate/Term | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216274575 | [Redact} | [Redact} | [Redact} | 24334784 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-01-04): Received the Acknowledgement of appraisal report, Details updated . Hence exception clear | 01/04/2022 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Rate/Term | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216274575 | [Redact} | [Redact} | [Redact} | 24334785 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-01-04): Received the Acknowledgement of appraisal report, Details updated . Hence exception clear | 01/04/2022 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Rate/Term | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216296261 | [Redact} | [Redact} |  | 23459522 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | The only other possible source of assets on file is a closing statement from [Redact] that closed on [Redact] -- as the note for this file is dated [Redact] this is not a viable asset source |  |  |  | Reviewer Comment (2021-09-02): AUS reserve requirement was [Redact], overlay requirement is 6-months. Closing statement from exiting property was provided reflecting [Redact] disbursed to cover closing new purchase and remainder cash to borrower of [Redact].<br>Reviewer Comment (2021-09-02): Re-open<br>Reviewer Comment (2021-09-01): Received sale of assets document closing statement and CD disbursement date is same [Redact], exception cleared.<br>Buyer Comment (2021-08-31): The loan disbursed on [Redact]. This loan is in a Dry State. The closing statement and deposit receipt for departing residence was prior to our loan disbursing on the subject property. <br>Please clear exception.<br>Reviewer Comment (2021-08-27): Received closing statement, deposit Receipt and LOX for the departing residence. However it was happened after the subject property closing date ([Redact]). Exception remains.<br>Buyer Comment (2021-08-27): FINAL SS FROM SALE OF PROPERTY AND EMAIL LOX TO CLEAR BOTH ASSET CONDITIONS<br>Buyer Comment (2021-08-26): Per matrix, months reserves is determined by the AUS. Please update the months reserves amount to match the AUS as 21. | 09/02/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216296261 | [Redact} | [Redact} |  | 23459523 |  | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. |  |  |  |  |  | Reviewer Comment (2021-09-02): See new exception.<br>Reviewer Comment (2021-09-02): Re-open<br>Reviewer Comment (2021-09-01): Received sale of assets document closing statement and CD disbursement date is same [Redact], exception cleared.<br>Buyer Comment (2021-08-31): The loan disbursed on [Redact]. This loan is in a Dry State. The closing statement and deposit receipt for departing residence was prior to our loan disbursing on the subject property. <br>Please clear exception.<br>Reviewer Comment (2021-08-27): Received closing statement, deposit Receipt and LOX for the departing residence. However it was happened after the subject property closing date ([Redact]). Exception remains.<br>Buyer Comment (2021-08-27): FINAL SS FROM SALE OF PROPERTY AND EMAIL LOX TO CLEAR BOTH ASSET CONDITIONS | 09/02/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216296261 | [Redact} | [Redact} |  | 23459524 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - Assets | General QM: Unable to verify assets using reasonably reliable third-party records. | New exception resulting from receipt of closing statement from sale of exiting property. Exception relates to timing. Subject mortgage closed [Redact] (notary date). Funds used to purchase subject from sale of other property are dated after closing [Redact]. In order to clear the exception provide: identifying documentation the source of funds was anticipated prior to closing. That would/could include a preliminary CD on the departure residence, or an initial settlement statement on the property being sold, or other third party documentation, including verbally sourced from a third party other than the consumer. |  |  |  | Reviewer Comment (2021-10-08): Received the estimated Closing Statement for sold property hence exception has been cleared.<br>Buyer Comment (2021-10-07): ESTIMATED SETTLEMENT STATEMENT ON DEPARTURE RESIDENCE<br>Reviewer Comment (2021-10-04): Compliance response: That would/could include a preliminary CD on the departure residence, An estimated Settlement statement on the property being sold, or other third-party documentation, including verbally sourced from a third party other than the consumer, that identifies the source of these assets. To the extent the executed contract was obtained and considered at or before consummation (i.e., signing of documents) and identifies the source of the asset, it can be considered.<br>Reviewer Comment (2021-09-27): Lender exception is noted; however this exception is compliance related and not a credit (guideline) waivable issue. The general ATR standard requires a creditor to make a reasonable and good-faith determination of a consumer's ability to repay at or before consummation. 1026.43(c)(1). The exception is firing because the document being used to support the net proceeds from the real estate sale is dated [Redact] - one day after consummation. While it's understood the final Settlement Statement would only be available after consummation, that does not change the fact the requirements under 1026.43(c)(1) require the consider and verify standard "at or before consummation". In accordance with 1026.43(c)(4), in the event the lender has some documentation from a third party to identify the estimated cash to close, we could use that to satisfy the asset consideration. We would be looking for something more than the consumers verbal referenced amount as shown on the 1003<br>Buyer Comment (2021-09-22): Investor provided Exception, please clear.<br>Reviewer Comment (2021-09-15): We need something more than a verbal referenced amound of funds. The requirements are for the lender to consider and verify at or before consummation. In [Redact], the disbursement date is the disbursement date, not the consummation date. Further, looking into TILA, it is clear that the disbursement date is not the consummation date. TILA defines consummation as the time a consumer becomes contractually obligated on a credit transaction.<br>Buyer Comment (2021-09-14): LOX Closing funds attached | 10/08/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216296261 | [Redact} | [Redact} |  | 23459525 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan designation failure due to ATR failure. This exception will be cleared once all specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2021-10-08): Received the estimated Closing Statement for sold property hence exception has been cleared.<br>Buyer Comment (2021-10-07): ESTIMATED SETTLEMENT STATEMENT ON DEPARTURE RESIDENCE<br>Reviewer Comment (2021-09-27): Lender exception is noted; however this exception is compliance related and not a credit (guideline) waivable issue. The general ATR standard requires a creditor to make a reasonable and good-faith determination of a consumer's ability to repay at or before consummation. 1026.43(c)(1). The exception is firing because the document being used to support the net proceeds from the real estate sale is dated [Redact] - one day after consummation. While it's understood the final Settlement Statement would only be available after consummation, that does not change the fact the requirements under 1026.43(c)(1) require the consider and verify standard "at or before consummation". In accordance with 1026.43(c)(4), in the event the lender has some documentation from a third party to identify the estimated cash to close, we could use that to satisfy the asset consideration. We would be looking for something more than the consumers verbal referenced amount as shown on the 1003<br>Buyer Comment (2021-09-22): Investor provided exception, please clear. | 10/08/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216316114 | [Redact} | [Redact} |  | 23556499 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower. |  |  |  |  | Reviewer Comment (2021-11-01): Sufficient Cure Provided within 60 Days of Closing |  | 11/01/2021 |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216316114 | [Redact} | [Redact} |  | 23556512 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Unable to verify when the initial CD was provided to the borrower. |  |  |  | Reviewer Comment (2021-11-04): Evidence of receipt of the initial CD provided. Exception cleared.<br>Seller Comment (2021-11-03): Disclosure Tracking attached. Initial CD sent and received by borrower on [Redact] | 11/04/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | No Defined Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216331614 | [Redact} | [Redact} | [Redact} | 23580908 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-12-21): Waived on Rate Lock: Collateral cleared by Custodian | 12/21/2021 |  |  | 1 A |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216331614 | [Redact} | [Redact} | [Redact} | 23580909 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-12-21): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-12-15): (Rate Lock) [Redact] # [Redact] | 12/21/2021 |  |  | 1 A |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216331614 | [Redact} | [Redact} | [Redact} | 24080221 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2021-12-17): verification of receipt provided | 12/17/2021 |  |  | 1 B A |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216331614 | [Redact} | [Redact} | [Redact} | 24080222 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | The file was missing a copy of the Homeownership Counseling disclosure or proof of the borrower's receipt within 3 days of originator application date. |  |  |  | Reviewer Comment (2021-12-17): verification of receipt provided | 12/17/2021 |  |  | 1 B A |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216331614 | [Redact} | [Redact} | [Redact} | 24081966 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-12-14): Sufficient Cure Provided At Closing |  | 12/14/2021 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 216333664 | [Redact} | [Redact} | [Redact} | 23592108 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-01-04): Waived on Rate Lock: Collateral cleared by Custodian | 01/04/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216333664 | [Redact} | [Redact} | [Redact} | 23592109 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-01-04): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-12-30): (Rate Lock) [Redact] # [Redact] | 01/04/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216333664 | [Redact} | [Redact} | [Redact} | 24317206 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower |  |  |  | Reviewer Comment (2022-01-07): [Redact] received: Letter of Explanation, Proof of Mailing, Copy of Refund Check, and Corrected PCCD. |  | 01/07/2022 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 216350245 | [Redact} | [Redact} |  | 23675941 |  | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [Redact], prior to three (3) business days from transaction date of [Redact]. | Loan was disbursed prior to midnight of third business day after consummation. Lender to re-open rescission period, provide copy of new right to cancel form, copy of letter of explanation sent to borrower, and proof of delivery. Note: This exception will not be cleared until expiration of new rescission period. |  |  |  | Reviewer Comment (2021-10-22): Evidence of disbursement date was provided<br>Buyer Comment (2021-10-21): Screen shot | 10/22/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216413222 | [Redact} | [Redact} | [Redact} | 23835917 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2021-12-21): Waived on Rate Lock: Collateral cleared by Custodian | 12/21/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216413222 | [Redact} | [Redact} | [Redact} | 23835918 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2021-12-21): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2021-12-15): (Rate Lock) [Redact] # [Redact] | 12/21/2021 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216413222 | [Redact} | [Redact} | [Redact} | 24083604 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2021-12-17): verification of receipt provided | 12/17/2021 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Cash-out - Other | B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216414062 | [Redact} | [Redact} |  | 23837180 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The appraisal was provided to the borrower on line on [Redact] and the Note date was [Redact]. An appraisal delivery waiver was not provided. |  |  |  | Reviewer Comment (2021-11-23): Client elected to waive the condition |  |  | 11/23/2021 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216414158 | [Redact} | [Redact} |  | 23837410 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Insufficient or no cure was provided to the borrower. | Title fees included in section B that borrower did not shop for are subject to 10% tolerance. None of these fee were added with a valid chance of circumstance. An updated post-close CD disclosing with cure, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made was not provided. |  |  |  | Reviewer Comment (2021-11-08): PCCD, explanation to borrower provided. Check is not applicable. Exception cleared.<br>Buyer Comment (2021-11-05): please see attached<br>Reviewer Comment (2021-11-01): The 10% fees are as follows: Recording Fee [Redact], Title - Courier [Redact], Title - Loan Tie-In [Redact] and Title - SubEscrow Fee [Redact]. The Title Fees were reflected in Section B and therefore are subject to 10%. The baseline is [Redact] requiring a tolerance cure in the amount of [Redact].<br>Buyer Comment (2021-10-29): total 10% tolerance fees are [Redact], which is within tolerance. Please clarify which fees are being included |  | 11/08/2021 |  | 2 C B |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216414166 | [Redact} | [Redact} |  | 23837445 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Loan Discount Points increased from [Redact] on the Loan Estimate dated [Redact] to [Redact] on the Closing Disclosure dated [Redact] and a valid Change of Circumstance was not provided. |  |  |  | Reviewer Comment (2021-11-12): PCCD, letter of expl, proof of delivery and refund check provided.<br>Buyer Comment (2021-11-11): See proof of delivery.<br>Reviewer Comment (2021-11-11): Proof borrower received PCCD has not been provided.<br>Buyer Comment (2021-11-10): Package was shipped today.<br>Buyer Comment (2021-11-10): Package was mailed yesterday.<br>Reviewer Comment (2021-11-05): [Redact] received PCCD, LOE, copy of refund check and proof of mailing. However PCCD is with invalid dates eg. Date issued is [Redact] and most of the places check boxes are replaced with alphabets D or C. eg Loan Type check box in first page at top and Cash to Close check box at bottom in first page. Please provide PCCD with dates and other details in proper format also tracking indicates only Label has been created hence also provide proof of delivery.<br>Buyer Comment (2021-11-05): see attached |  | 11/12/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216414190 | [Redact} | [Redact} |  | 23837565 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The Final CD reflects HOA fees however there are no HOA fees evident. PC CD excluding HOA fees is required to satisfy the exception. |  |  |  | Reviewer Comment (2021-11-02): [Redact] received PCCD and LOE; exception is cured. |  | 11/02/2021 |  | 2 C B |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216425409 | [Redact} | [Redact} |  | 23872558 |  | Credit | Insurance | Insurance Analysis | Insurance | The Hazard Insurance Policy effective date is after the Transaction Date. |  | Effective date of HOI policy was ten day after note date. |  |  |  | Reviewer Comment (2021-11-04): Corrected policy provided. Exception cleared.<br>Buyer Comment (2021-11-03): Please see the attached HOI policy effective [Redact]. | 11/04/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216425414 | [Redact} | [Redact} |  | 23872580 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact]). | Finance charge disclosed to borrower did not include the following fees: Processing Fee - [Redact]. |  |  |  | Reviewer Comment (2021-11-05): PC CD package provided. Confirmed on USPS website that the package was shipped. Exception cleared.<br>Buyer Comment (2021-11-04): Please see the attached redisclosure package sent to client. |  | 11/05/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216425417 | [Redact} | [Redact} |  | 23872583 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | A valid COC for increased Loan Discount Points Fee on [Redact] was not found in file. An updated post-close CD disclosing the tolerance cure, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made was not provided. |  |  |  | Reviewer Comment (2021-11-22): Valid COC was provided to satisfy exception. Exception cleared<br>Buyer Comment (2021-11-16): The information being referenced on the pages of your loan file (170-172) are regarding when the rate was locked for the loan ([Redact]). Per the prior comment from [Redact] on [Redact] requesting documents for the rate lock confirmation. This date is also shown on the Loan estimate dated for [Redact] that is listed in your loan file along with the Re-disclosure history on page 216 of your loan file. There would be no additional rate lock documentation because the clients rate was good through [Redact] and the loan closed on [Redact]<br>Reviewer Comment (2021-11-16): [Redact]: Rate lock documentation in the file dated [Redact] shows property type as "Second Home". However on [Redact] Loan discount point has been increased and the COC provided states change in property type to Second Home also there is no rate lock document corresponding to [Redact] CD. If the property is identified as Second home on [Redact] itself Loan Discount Point cannot be increased further with the same reason. Provide a COC with valid reason for further increase of Loan discount point on [Redact] or provide cure.<br>Buyer Comment (2021-11-16): Please see the rate lock Documentation in your loan file on pages 170 through 172. The Rate was locked on [Redact].<br>Reviewer Comment (2021-11-15): [Redact] received COC date [Redact] for increase in Loan Discount Point Fee on CD dated [Redact]. However we also require rate lock confirmation within the 3 business days from the CD dated [Redact] to confirm the same or cure required. Cure document consist of PCCD, LOX, Copy of Check Refund and Mailing Proof.<br>Buyer Comment (2021-11-12): Please see the attached Screen Shots from our mortgage Platform. On [Redact] the property type changed from a Primary residence to a Second home after a review of the profile by our internal detection team. This constitutes a valid CIC for the increase in the loan points.<br>Reviewer Comment (2021-11-11): [Redact] received rate lock confirmation dated [Redact]. However the loan discount point was increased on the CD dated [Redact] from [Redact] to [Redact]. Please provide us with valid COC within 3 business days for the fee increase in loan discount point on CD dated [Redact] or cure required. Cure document consist of PCCD, LOX, copy of check refund and mailing proof.<br>Buyer Comment (2021-11-10): Please see the attached interest rate disclosure showing the Loan discount Fee as of [Redact] for [Redact]. The initial loan estimate dated for [Redact] was disclosed without the rate being locked, 0% tolerance would not apply. | 11/22/2021 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216425417 | [Redact} | [Redact} |  | 23872585 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___<br> ___<br> ___<br> ___ | HOA or other payment documentation was not provided in the amount of [Redact] for property [Redact], [Redact] for property [Redact], [Redact] for property [Redact], and [Redact] for property [Redact] that was reflected on the application but not on the documentation in the file. |  |  |  | Reviewer Comment (2021-11-11): Documentation provided to satisfy exception. Exception cleared.<br>Buyer Comment (2021-11-10): Please see the attached for the requested HOA or payment documentation. For [Redact]-Tax cert and HOI doc included mortgage statement is in your loan file on page 753, for [Redact]-Tax cert and HOI included, for [Redact]- tax cert and HOI included. For [Redact], Taxes and HOI are included in the mortgage payment, this is located in you loan file on page 757. | 11/11/2021 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216425477 | [Redact} | [Redact} |  | 23872745 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact]). | Finance charge disclosed to borrower did not include the following fees: Title - Recording Service Fee of [Redact], Title - Loan Tie-In Fee of [Redact], Title - After Hours Closing Fee of [Redact]. |  |  |  | Reviewer Comment (2021-11-15): Received proof of delivery.<br>Buyer Comment (2021-11-12): see attached<br>Reviewer Comment (2021-11-10): Received PCCD, Letter of Explanation, copy of check, and [Redact] label. Please provided evidence of delivery of the package to the borrower. The [Redact] website indicates the status as label created.<br>Buyer Comment (2021-11-09): see attached |  | 11/15/2021 |  | 2 C B |  | [Redact} | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216425493 | [Redact} | [Redact} |  | 23872794 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | The HOA verification for [Redact] was not found in the file. |  |  |  | Reviewer Comment (2021-11-09): Documentation provided. Exception cleared.<br>Buyer Comment (2021-11-08): Please see the attached HOA coupon for the non-subject property. | 11/09/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216425506 | [Redact} | [Redact} |  | 23872827 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | Estimated property costs over Year 1 of [Redact] does not account for Hazard Insurance amount of [Redact]. |  |  |  | Reviewer Comment (2021-11-09): Letter of Explanation & Corrected Closing Disclosure to cure the exception.<br>Buyer Comment (2021-11-08): Please see the attached updated closing disclosure including the walls in policy and package sent to client.<br>Reviewer Comment (2021-11-03): [Redact] received lender screenshot stating master insurance policy for project covers betterments and improvements. However, policy does not support that and noted on Doc ID 34 from [Redact] insurance agency for [Redact] Owners Association item A-1. General Liability policy states "Note: This liability Does Not extend to the interiors of the units whether owner or tenant occupied. This is a discrepancy that must be better documented from the Insurance Agency. Please provide documentation from insurance agency that the Project Master Policy coverage includes "Walls-in" coverage of subject unit.<br>Buyer Comment (2021-11-02): Please see internal screenshot where we verified the master insurance policy covers betterments and improvements, an HO3 policy or other insurance policy is not needed in addition to what is already in place which is why the amount is not included in the non-escrowed property costs as client is not required by any guidelines to maintain the additional coverage. |  | 11/09/2021 |  | 2 C B |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216425516 | [Redact} | [Redact} |  | 23872865 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Insufficient or no cure was provided to the borrower. | Section B fee are subject to a 10% tolerance. The recording fee and electronic document fee were last disclosed on LE [Redact] as [Redact] and [Redact], respectively. However, the [Redact] loan tie in fee was not disclosed and no evidence of a cure has been provided. |  |  |  | Reviewer Comment (2021-11-09): PC CD, explanation letter provided. Check not required as fees were moved from B to C to cure tolerance. Evidence pkg shipped also not required since a tolerance cure was not required.<br>Buyer Comment (2021-11-08): [Redact]: See attachment. |  | 11/09/2021 |  | 2 C B |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216426937 | [Redact} | [Redact} |  | 23874510 |  | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | Right to Cancel H-8 form was used and this is a same lender refinance. H9 form is required. |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216426937 | [Redact} | [Redact} |  | 23874512 |  | Credit | Guideline | Guideline Issue | Guideline | Hazard Insurance Policy expires within 45 days of the Note Date or is already expired. | Hazard Insurance Policy Expiration Date ___, Note Date ___ | The Hazard Policy expiration date of [Redact] is with 45 days of the note date [Redact]. No further documentation in the file indicating a renewal. |  |  |  | Reviewer Comment (2021-11-11): Revised HOI was provided with expiration date in 2022. Exception cleared.<br>Buyer Comment (2021-11-10): [Redact]: see attachment. | 11/11/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216426942 | [Redact} | [Redact} |  | 23874522 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact]). | Finance charge disclosed to borrower did not include the following fees: Processing Fee of [Redact]. |  |  |  | Reviewer Comment (2021-11-15): [Redact] received proof of mailing of refund check, RTC, and proof of delivery<br>Buyer Comment (2021-11-12): see attached<br>Reviewer Comment (2021-11-12): RTC provided evidencing rescission period re-opened. Still need evidence of delivery of package.<br>Buyer Comment (2021-11-11): Please see redisclosure with ROR forms attached. This was mailed today and we will provide proof of delivery tomorrow<br>Reviewer Comment (2021-11-11): [Redact] received PCCD indicating cure, LOE, refund check, and shipping label. The shipping label indicates package is not yet mailed. Please provide RTC, proof of delivery, and proof of mailing of refund check to cure.<br>Buyer Comment (2021-11-10): Please review the redisclosure package attached. Once approved we will reopen rescission and provide proof of delivery |  | 11/15/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216426942 | [Redact} | [Redact} |  | 23874523 |  | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216433287 | [Redact} | [Redact} |  | 23906806 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan). Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | The Flood Certification Fee (Life of Loan) was not disclosed until the [Redact] Closing Disclosure without a valid change in circumstance. Please provide a PC Closing Disclosure, explanation to the borrower, copy of the check and evidence shipment/receipt of the package. |  |  |  | Reviewer Comment (2021-11-24): Required remediation documentation provided<br>Buyer Comment (2021-11-23): Please see attached redisclosure package curing both issues. Please review to clear this condition. Please note that the check has been cashed by the borrower and serves as proof of delivery. Please review to clear this condition. |  | 11/24/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216433287 | [Redact} | [Redact} |  | 23906808 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The amount of Non-Escrowed Property Costs over Year 1 was not completed on page 4. Page 1 does not reflect the accurate escrow amounts in both sections under the Project Payments section. |  |  |  | Reviewer Comment (2021-11-24): PCCD and LOE provided |  | 11/24/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216435622 | [Redact} | [Redact} | [Redact} | 23917134 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-02-02): Waived on Rate Lock: Collateral cleared by Custodian | 02/02/2022 |  |  | 1 A |  | [Redact} | Second Home | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216435622 | [Redact} | [Redact} | [Redact} | 23917135 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-02-02): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-02-01): (Rate Lock) [Redact] # [Redact] | 02/02/2022 |  |  | 1 A |  | [Redact} | Second Home | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216435622 | [Redact} | [Redact} | [Redact} | 24641848 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Buyer Comment (2022-03-23): Waived on Rate Lock: Buyer accepts<br>Reviewer Comment (2022-03-16): Verification appraisal was delivered to borrower is still missing, please provide verification that the appraisal was provided to the borrower on or after [Redact] but at or prior to the note date of [Redact]. Exception remains.<br>Reviewer Comment (2022-02-14): All versions of the appraisal/valuation used to qualify needs to be provided to the borrower per ECOA regulations. Verification that the appraisal, with a report date of [Redact], was provided but we are missing verification that the appraisal, with a report date of [Redact], was provided to the borrower. To clear exception provided verification that the appraisal with a report date of [Redact] was provided to the borrower on or after [Redact] but at or prior to the note date of [Redact].<br>Reviewer Comment (2022-02-01): please provide a document which show the appraisal information mention on it. provide document stating Initial disclosures sent to borrower but we need appraisal information. Hence exception remains |  |  | 03/23/2022 | 2 B |  | [Redact} | Second Home | Refinance - Cash-out - Other | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216435622 | [Redact} | [Redact} | [Redact} | 24641849 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Insufficient or no cure was provided to the borrower. | 10% tolerance was exceeded by [Redact] due to increase of recording fee. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-02-14): [Redact] received: Letter of Explanation, Proof of Mailing, Copy of Refund Check, and Corrected PCCD. |  | 02/14/2022 |  | 2 C B |  | [Redact} | Second Home | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 216435622 | [Redact} | [Redact} | [Redact} | 24644439 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The final CD disclosed the Amount of Non-Escrowed Property Costs over Year 1 as [Redact] on page 4; however Appraisal reflects annual HOA dues of [Redact]. Provide a post-close CD correcting the Escrow Account section on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-03-14): [Redact] received Post CD along with LOX.<br>Reviewer Comment (2022-03-10): [Redact] Received LOE does not specify the changes made on PCCD related to Non Escrow property cost. Provide Updated LOE.<br>Reviewer Comment (2022-02-28): [Redact] received corrected PCCD. Please provide LOE to cure.<br>Reviewer Comment (2022-02-16): PCCD provided did not correct the Non-Escrowed Property Costs nor the Estimated Taxes, Insurance & Assessments on page 1 of the CD. Exception remains |  | 03/14/2022 |  | 2 C B |  | [Redact} | Second Home | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 216439182 | [Redact} | [Redact} | [Redact} | 23930252 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-01-05): Waived on Rate Lock: Collateral cleared by Custodian | 01/05/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216439182 | [Redact} | [Redact} | [Redact} | 23930253 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-01-05): Waived on Rate Lock: Collateral cleared by Custodian | 01/05/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216439182 | [Redact} | [Redact} | [Redact} | 24325167 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | Note: file is missing the final CD. The only CD in file was the initial CD issued [Redact]. |  |  |  | Reviewer Comment (2022-01-07): Final CD provided. Exception cleared.<br>Seller Comment (2022-01-06): Final CD provided. Please clear condition or advise what calculations are incorrect. | 01/07/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216439182 | [Redact} | [Redact} | [Redact} | 24325590 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Insufficient or no cure was provided to the borrower. | Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Insufficient or no cure was provided to the borrower. Note: file is missing the final CD. The only CD in file was the initial CD issued [Redact]. |  |  |  | Reviewer Comment (2022-01-05): [Redact] received Final CD dated [Redact] hence after review the exception was cleared.<br>Seller Comment (2022-01-04): Closing Disclosure | 01/05/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216439182 | [Redact} | [Redact} | [Redact} | 24332091 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure | TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. | Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure. |  |  |  | Reviewer Comment (2022-01-07): Final CD provided. Exception cleared. | 01/07/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216439182 | [Redact} | [Redact} | [Redact} | 24384467 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-01-05): Sufficient Cure Provided At Closing |  | 01/05/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216439182 | [Redact} | [Redact} | [Redact} | 24433870 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The final CD disclosed the Amount of Non-Escrowed Property Costs over Year 1 as [Redact] on page 4; however the annual taxes ([Redact] - which is the taxes based on [Redact] x 1.1191% + Assessments of [Redact] annually), HOA Dues ([Redact]), and homeowners insurance ([Redact]) total [Redact] per year. Final CD reflects Estimated Taxes, Insurance & Assessments of [Redact] monthly, correct amount is [Redact]. Provide a post-close CD correcting the Escrow Account section on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-01-11): [Redact] Received PCCD and LOE.<br>Seller Comment (2022-01-10): PCCD and LOX |  | 01/11/2022 |  | 2 B |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216439467 | [Redact} | [Redact} | [Redact} | 23933295 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-01-11): Waived on Rate Lock: Collateral cleared by Custodian | 01/11/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216439467 | [Redact} | [Redact} | [Redact} | 23933296 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-01-11): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-01-06): (Rate Lock) [Redact] | 01/11/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216440662 | [Redact} | [Redact} |  | 23954072 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-01-06): Client elected to waive the condition |  |  | 01/06/2022 | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216440680 | [Redact} | [Redact} |  | 23953969 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  |  |  |  |  | Reviewer Comment (2021-12-09): Secondary valuation obtained | 12/09/2021 |  |  | 1 D A |  | [Redact} | Primary | Refinance - Cash-out - Other | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216450370 | [Redact} | [Redact} |  | 23944801 |  | Credit | Credit | Miscellaneous | Credit | Miscellaneous Credit (Non-Material): |  | Data tape states [Redact] however there is an AUS approve/ineligible in the file and 1008 reflects AUS decisioning. Please confirm data type. |  |  |  | Reviewer Comment (2021-11-23): Client acknowledged with [Redact] product. Exception cleared.<br>Buyer Comment (2021-11-22): Confirmed [Redact] | 11/23/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216450963 | [Redact} | [Redact} |  | 24006195 |  | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. |  | The preliminary title report in file disclosed [Redact] of title insurance coverage; however this is less than the loan amount of [Redact]. Provide a copy of the final title policy or a supplemental title report verifying title insurance of at least the loan amount. |  |  |  | Reviewer Comment (2022-01-26): Received Final title policy which cover loan amount of [Redact]. Exception cleared.<br>Seller Comment (2022-01-25): TItle Policy attached<br>Seller Comment (2022-01-25): TItle Policy | 01/26/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | D A C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216450963 | [Redact} | [Redact} |  | 24006237 |  | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. |  | The file was missing a copy of the final title policy. |  |  |  | Reviewer Comment (2022-01-26): Received Final title policy which cover loan amount of [Redact]. Exception cleared. | 01/26/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | D A C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216450963 | [Redact} | [Redact} |  | 24006273 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2021-12-10): Secondary valuation obtained | 12/10/2021 |  |  | 1 D A |  | [Redact} | Primary | Refinance - Cash-out - Other | D A C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216450963 | [Redact} | [Redact} |  | 24013792 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-02-04): Proof of borrower's receipt provided<br>Seller Comment (2022-02-03): Appraisal Delivery | 02/04/2022 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Cash-out - Other | D A C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216621014 | [Redact} | [Redact} |  | 24169193 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided |  | Please provide Approve/Ineligible AUS to confirm [Redact] program type. |  |  |  | Reviewer Comment (2021-12-03): Received Approve/Ineligible AUS confirming loan program as [Redact] . Exception cleared.<br>Buyer Comment (2021-12-02): The AUS provided | 12/03/2021 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216621029 | [Redact} | [Redact} |  | 24169259 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Cure provided to offset excessive fee charged. |  |  |  | Reviewer Comment (2021-12-06): Sufficient Cure Provided At Closing |  | 12/06/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216621029 | [Redact} | [Redact} |  | 24169260 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | signed doc in file |  |  |  | Reviewer Comment (2021-12-06): Sufficient Cure Provided At Closing |  | 12/06/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216621039 | [Redact} | [Redact} |  | 24169292 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower. | Cure was provided |  |  |  | Reviewer Comment (2021-12-07): Sufficient Cure Provided within 60 Days of Closing |  | 12/07/2021 |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216731950 | [Redact} | [Redact} |  | 24335086 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Loan Discount Points were disclosed as [Redact] on the Initial Loan Estimate, but disclosed as [Redact] on the revised Closing Disclosure dated [Redact] and on the Final Closing Disclosure. COC dated [Redact] disclosed the reason as "Appraisal value is different than estimated; APR has changed - CD Only; Settlement Charge and Settlement Charge - Discount Point Increased" however, the COC did not disclose what new information warranted the increase in Loan Discount Points. Evidence of cure for the increase of [Redact] was not provided. |  |  |  | Reviewer Comment (2021-11-17): "[Redact] received valid COC,LOE& rate lock document to clear the exception.<br>Buyer Comment (2021-11-16): rate lock [Redact]<br>Reviewer Comment (2021-11-16): [Redact] received screenshot for the lock confirmation dated [Redact]. On the 2nd page of the document for [Redact] lock the search timestamp is for [Redact] which is an unacceptable document since the loan discount point was increased on the CD dated [Redact]. Please provide us with rate lock confirmation for [Redact] or within 3 business days from the CD date [Redact] to confirm the increasing LTV which affected the pricing or cure required. Cure document consist of PCCD, LOX, Copy of Check Refund and Mailing Proof.<br>Buyer Comment (2021-11-15): See attached response from compliance<br>Reviewer Comment (2021-11-15): "[Redact] received COC dated [Redact] indicating appraisal value is different than estimate. Please provide additional information which can explain why the loan discount point was increased or required cure.<br>Buyer Comment (2021-11-12): A valid COC was disclosed on [Redact] for the appraisal value, which affected pricing. Discount points increasing was mentioned on the COC. | 11/17/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216731950 | [Redact} | [Redact} |  | 24335087 |  | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. |  | Subject loan is a primary residence cash-out refinance. Borrowers qualifying FICO score does not meet the [Redact] AUS guideline minimum FICO of [Redact] for a loan amount of [Redact]. |  |  |  | Reviewer Comment (2021-12-08): As per Guidelines made changes in to FICO score. Exception cleared.<br>Buyer Comment (2021-12-07): Matrix should clear all conditions | 12/08/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731950 | [Redact} | [Redact} |  | 24335088 |  | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. |  | Subject loan is a primary residence cash-out refinance. LTV of [Redact] exceeds the [Redact] AUS guideline maximum LTV of [Redact] for a loan amount of [Redact]. |  |  |  | Reviewer Comment (2021-12-08): Corrected as per guidelines. Exception cleared.<br>Buyer Comment (2021-12-07): Matrix should clear all conditions | 12/08/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731950 | [Redact} | [Redact} |  | 24335089 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. |  | Subject loan is a primary residence cash-out refinance. CLTV of [Redact] exceeds the [Redact] AUS guideline maximum CLTV of [Redact] for a loan amount of [Redact]. |  |  |  | Reviewer Comment (2021-12-08): Corrected as per guidelines. Exception cleared.<br>Buyer Comment (2021-12-07): Matrix should clear all conditions | 12/08/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731958 | [Redact} | [Redact} |  | 24335131 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Subject loan was approved with a DTI of [Redact]. Due to a calculated DTI of [Redact], the subject loan designation is QM (APOR) Fail. |  |  |  | Reviewer Comment (2021-11-30): DTI lender exception received, attached and updated. Hence exception is cleared.<br>Buyer Comment (2021-11-30): dti approval | 11/30/2021 |  |  | 1 B A C |  | [Redact} | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216731958 | [Redact} | [Redact} |  | 24335132 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | File only contains the Final Closing Disclosure dated [Redact], which was signed and dated by the borrowers on [Redact]. File is missing evidence the borrowers received the Final Closing Disclosure at least 3 business days prior to the closing date of [Redact]. |  |  |  | Reviewer Comment (2021-11-18): [Redact] received Initial CD with proof of receipt<br>Buyer Comment (2021-11-15): upld initial cd | 11/18/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | No Defined Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731958 | [Redact} | [Redact} |  | 24335133 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Appraisal Desk Review Fee of [Redact] was not disclosed on LE but was charged on the Final Closing Disclosure. File does not contain a valid COC for this fee. Cure of [Redact] is insufficient as loan has additional tolerance violations and cure must be enough to cover all tolerance violations. |  |  |  | Reviewer Comment (2021-11-11): [Redact] received sufficient cure at closing.<br>Buyer Comment (2021-11-10): please waive, cured at closing. | 11/11/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216731958 | [Redact} | [Redact} |  | 24335134 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee. Cure of [Redact] is insufficient as loan has additional tolerance violations and cure must be enough to cover all tolerance violations. |  |  |  | Reviewer Comment (2021-11-11): [Redact] received sufficient cure at closing.<br>Buyer Comment (2021-11-10): please waive, cured at closing. | 11/11/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216731958 | [Redact} | [Redact} |  | 24335135 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | Verified reserves of 0.00 months are insufficient to cover the 3 months of reserves as required by the [Redact] AUS guidelines for the subject loan amount above [Redact]. Per the final 1003, funds of [Redact] from a [Redact] savings account were submitted to LP and LP Condition [Redact] required a statement covering a 1-month period. File contains pages from a [Redact] statement that are black and ilegible. |  |  |  | Reviewer Comment (2021-12-10): Received and associated the [Redact] bank statement for two months which is sufficient to meet the reserves requirement as determined by LP. Hence, Exception Cleared<br>Buyer Comment (2021-12-08): see attached [Redact] statement-all pages<br>Reviewer Comment (2021-12-02): Bank statements received from [Redact] statement are black and no funds are evident on it. Exception remains.<br>Buyer Comment (2021-12-01): re-upld [Redact] statements<br>Reviewer Comment (2021-11-30): Bank statements received from [Redact] statement are black and no funds are evident on it. Exception remains.<br>Buyer Comment (2021-11-30): bank statements | 12/10/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731958 | [Redact} | [Redact} |  | 24335136 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. |  | File is missing the Verbal VOE for the borrower's wage income dated no more than 10 business days prior to the Note date as required by LP Condition [Redact]. |  |  |  | Reviewer Comment (2021-11-11): Received Verbal VOE which is prior to the note date and associated the same. Exception Cleared<br>Buyer Comment (2021-11-10): upld voe. | 11/11/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731958 | [Redact} | [Redact} |  | 24335137 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | Subject loan was approved with a DTI of [Redact]. Calculated DTI is [Redact], which exceeds the guideline maximum DTI of [Redact]. |  |  |  | Reviewer Comment (2021-11-30): DTI lender exception received, attached and updated. Hence exception is cleared.<br>Buyer Comment (2021-11-30): dti approval | 11/30/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731958 | [Redact} | [Redact} |  | 24335138 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Subject loan was approved with a DTI of [Redact]. Due to a calculated DTI of [Redact], the subject loan is at QM Risk. |  |  |  | Reviewer Comment (2021-11-30): DTI lender exception received, attached and updated. Hence exception is cleared.<br>Buyer Comment (2021-11-30): dti approval | 11/30/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731958 | [Redact} | [Redact} |  | 24335139 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | Subject loan was approved with a DTI of [Redact]. Calculated DTI is [Redact], which exceeds the guideline maximum DTI of [Redact]. |  |  |  | Reviewer Comment (2021-11-30): DTI lender exception received, attached and updated. Hence exception is cleared.<br>Buyer Comment (2021-11-30): dti approval | 11/30/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731958 | [Redact} | [Redact} |  | 24335140 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee. Cure of [Redact] is insufficient as loan has additional tolerance violations and cure must be enough to cover all tolerance violations. |  |  |  | Reviewer Comment (2021-11-18): [Redact] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check.<br>Buyer Comment (2021-11-17): TRID items |  | 11/18/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216731971 | [Redact} | [Redact} |  | 24335196 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | Per lender's correspondence, DTI exception up to [Redact] was granted |  |  |  | Reviewer Comment (2021-12-02): Received client's email approval to use the [Redact] [Redact] max DTI guidelines. | 12/02/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731971 | [Redact} | [Redact} |  | 24335197 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Due to missing self-employed income documentation, the subject loan designation is QM (APOR) Fail. |  |  |  | Reviewer Comment (2021-12-10): VVOE associated. Exception cleared<br>Buyer Comment (2021-12-09): FUW | 12/10/2021 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216731971 | [Redact} | [Redact} |  | 24335199 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | Lender correspondence in file reflects lender granted exception up to [Redact] DTI. |  |  |  | Reviewer Comment (2021-12-02): Received client's email approval to use the [Redact] [Redact] max DTI guidelines. | 12/02/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731971 | [Redact} | [Redact} |  | 24335200 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Lender correspondence in file reflects lender granted exception up to [Redact] DTI. |  |  |  | Reviewer Comment (2021-12-02): Received client's email approval to use the [Redact] [Redact] max DTI guidelines. | 12/02/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731971 | [Redact} | [Redact} |  | 24335201 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - S-Corp | General QM: Unable to verify current S-Corp status using reasonably reliable third-party records. | Co-borrower's self-employment was only verified the lender's Verbal VOE and a company website printout. File is missing a disinterested 3rd Party Verification of the co-borrower's business. |  |  |  | Reviewer Comment (2021-12-10): VVOE associated. Exception cleared<br>Buyer Comment (2021-12-09): FUW | 12/10/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731971 | [Redact} | [Redact} |  | 24335202 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Per documentation in file, the borrowers received a copy of the appraisal on [Redact], which is prior to the final appraisal report date of [Redact]. Evidence borrowers received a copy of the final appraisal was not provided. |  |  |  | Reviewer Comment (2021-12-13): Received and associated the Appraisal Order document which is stating that Appraisal has been provided to the borrower on [Redact] via Email. Hence, Exception Cleared<br>Buyer Comment (2021-12-09): appr delivery [Redact] | 12/13/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731987 | [Redact} | [Redact} |  | 24335301 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided |  | 1008 and CCN Rate Lock verify the subject loan was submitted to DU with Casefile ID# [Redact] however, the file is missing the DU Findings. Upon receipt of the missing DU Findings, additional conditions may apply. |  |  |  | Reviewer Comment (2021-11-30): Updated DU & attached same.<br>Buyer Comment (2021-11-29): This initial CD is dated [Redact]<br> VOE's in the file and verified with 10 days of closing<br> DU | 11/30/2021 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731987 | [Redact} | [Redact} |  | 24335302 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. |  | Borrower's income and employment was verified with a [Redact] dated [Redact], which is dated 20 business days from the Note date of [Redact]. File is missing a Verbal VOE dated no more than 10 business days prior to the note date as required by the Fannie Mae Selling Guide. |  |  |  | Reviewer Comment (2021-11-30): Updated with the VVOE.<br>Buyer Comment (2021-11-29): This initial CD is dated [Redact]<br> VOE's in the file and verified with 10 days of closing | 11/30/2021 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216731987 | [Redact} | [Redact} |  | 24335304 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Initial Closing Disclosure dated [Redact] was signed and dated by the borrowers on [Redact]. File is missing evidence the borrowers received the Initial Closing Disclosure at least 3 business days prior to the closing date of [Redact] |  |  |  | Reviewer Comment (2021-12-01): [Redact] received [Redact] CD.<br>Buyer Comment (2021-11-29): This initial CD is dated [Redact] | 12/01/2021 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | No Defined Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216732019 | [Redact} | [Redact} |  | 24335446 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was disclosed at [Redact] on the Initial Loan Estimate, but disclosed as [Redact] on the Final Closing Disclosure dated [Redact]. No valid changed circumstance was found in the file. A lender credit of [Redact] provided at closing was sufficient to cover the tolerance violation amount totaling [Redact]. |  |  |  | Reviewer Comment (2021-12-01): Sufficient Cure Provided At Closing |  | 12/01/2021 |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216732019 | [Redact} | [Redact} |  | 24335447 |  | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. |  | File is missing the [Redact] Rate Lock as required by the client's guidance. |  |  |  | Reviewer Comment (2021-12-06): Initial Rate Lock rate date (accepted) has been received in file and associated. Hence exception cleared.<br>Buyer Comment (2021-12-03): see attached lock | 12/06/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216732042 | [Redact} | [Redact} |  | 24335523 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | AUS Findings: Property type discrepancy. |  | Provide AUS to match final loan characteristics. |  |  |  | Reviewer Comment (2021-12-10): Received Revised AUS document with correct property type and associated. Exception cleared.<br>Buyer Comment (2021-12-09): see attached revised aus | 12/10/2021 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216732042 | [Redact} | [Redact} |  | 24335525 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Provide final Loan Estimate disclosing correct fee. |  |  |  | Reviewer Comment (2021-12-07): Sufficient Cure Provided At Closing |  | 12/07/2021 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216732043 | [Redact} | [Redact} |  | 24335527 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2021-12-07): Sufficient Cure Provided At Closing |  | 12/07/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216732050 | [Redact} | [Redact} |  | 24335550 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Cure provided |  |  |  | Reviewer Comment (2021-12-09): Sufficient Cure Provided At Closing |  | 12/09/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216732051 | [Redact} | [Redact} |  | 24335553 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Cure provided |  |  |  | Reviewer Comment (2021-12-09): Sufficient Cure Provided At Closing |  | 12/09/2021 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216732051 | [Redact} | [Redact} |  | 24335554 |  | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | AUS Findings: Investor qualifying total debt ratio discrepancy. |  | LP qualified the borrower without the PITI payment for the departure residence and a DTI of [Redact]. Pending sale of the departure residence was verified with a settlement statement that was stamped preliminary with an estimated closing date of [Redact], which is after the subject loan closed on [Redact]. Therefore, the PITI payment has been added to the borrower's debts resulting in a DTI of[Redact]. |  |  |  | Reviewer Comment (2021-12-16): Received and associated the Seller CD for sale of REO property and made appropriate changes. DTIs now match as per guidelines. Exception cleared<br>Buyer Comment (2021-12-15): Please see attached [Redact] and CD for Sale of Prior. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216732051 | [Redact} | [Redact} |  | 24335555 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | LP qualified the borrower without the PITI payment for the departure residence and a DTI of [Redact]. Pending sale of the departure residence was verified with a settlement statement that was stamped preliminary with an estimated closing date of [Redact], which is after the subject loan closed on [Redact]. Therefore, the PITI payment has been added to the borrower's debts resulting in a DTI of [Redact]. |  |  |  | Reviewer Comment (2021-12-16): Received and associated the Seller CD for sale of REO property and made appropriate changes. DTIs now match as per guidelines. Exception cleared<br>Buyer Comment (2021-12-15): Please see attached [Redact] and CD for Sale of Prior. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216732051 | [Redact} | [Redact} |  | 24335556 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both significantly exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] significantly exceeds the guideline maximum of [Redact]. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | LP qualified the borrower without the PITI payment for the departure residence and a DTI of [Redact]. Pending sale of the departure residence was verified with a settlement statement that was stamped preliminary with an estimated closing date of [Redact], which is after the subject loan closed on [Redact]. Therefore, the PITI payment has been added to the borrower's debts resulting in a DTI of [Redact]. |  |  |  | Reviewer Comment (2021-12-16): Received and associated the Seller CD for sale of REO property and made appropriate changes. DTIs now match as per guidelines. Exception cleared<br>Buyer Comment (2021-12-15): Please see attached [Redact] and CD for Sale of Prior. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216732051 | [Redact} | [Redact} |  | 24335557 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Due to missing proof of the final sale of the borrower's departure residence and a DTI of [Redact], the subject loan is at QM (APOR) Risk. |  |  |  | Reviewer Comment (2021-12-16): Received and associated the Seller CD for sale of REO property and made appropriate changes. DTIs now match as per guidelines. Exception cleared<br>Buyer Comment (2021-12-15): Please see attached [Redact] and CD for Sale of Prior. | 12/16/2021 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216732051 | [Redact} | [Redact} |  | 24335558 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Due to missing proof of the final sale of the borrower's departure residence and a DTI of 66.86%, the subject loan is at QM (APOR) Risk. |  |  |  | Reviewer Comment (2021-12-16): Received and associated the Seller CD for sale of REO property and made appropriate changes. DTIs now match as per guidelines. Exception cleared<br>Buyer Comment (2021-12-15): Please see attached [Redact] and CD for Sale of Prior. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216732051 | [Redact} | [Redact} |  | 24335559 |  | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of ___ is less than Cash From Borrower ___. | Verified assets of [Redact] are insufficient to cover the funds required for closing of [Redact]. Shortage is due to the pending sale of the borrower's departure residence was verified with a settlement statement that was stamped preliminary with an estimated closing date of [Redact], which is after the subject loan closed on [Redact]. The unverified net proceeds have therefore been excluded. |  |  |  | Reviewer Comment (2021-12-16): Received and associated Seller Closing Disclosure which is sufficient document to meet the assets for closing requirement. Exception Cleared<br>Buyer Comment (2021-12-15): Please see attached [Redact] and CD for Sale of Prior. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216732051 | [Redact} | [Redact} |  | 24335560 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS Findings: Qualifying asset balance discrepancy. |  | Verified assets of [Redact] are insufficient to cover the funds of [Redact] as required by LP Condition [Redact]. Shortage is due to the pending sale of the borrower's departure residence was verified with a settlement statement that was stamped preliminary with an estimated closing date of [Redact], which is after the subject loan closed on [Redact]. The unverified net proceeds have therefore been excluded. |  |  |  | Reviewer Comment (2021-12-16): Received and associated the Seller Closing Disclosure which is sufficient document to meet the asset requirement. Exception Cleared<br>Buyer Comment (2021-12-15): Please see attached [Redact] and CD for Sale of Prior. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216732051 | [Redact} | [Redact} |  | 24335561 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | Verified reserves of 0.00 are insufficient to cover the reserves of 6 months as required by the guidelines for an LTV of [Redact]. Shortage is due to the pending sale of the borrower's departure residence was verified with a settlement statement that was stamped preliminary with an estimated closing date of [Redact], which is after the subject loan closed on [Redact]. The unverified net proceeds have therefore been excluded. |  |  |  | Reviewer Comment (2021-12-16): Received and associated seller Closing Disclosure which is sufficient document to meet the reserves requirement. Exception Cleared<br>Buyer Comment (2021-12-15): Please see attached [Redact] and CD for Sale of Prior. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216735625 | [Redact} | [Redact} | [Redact} | 24371423 |  | Credit | 1003 | Document Error | 1003 | Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. |  | Please provide documentation for Citizenship status. Initial and final 1003 does not reflect citizenship. |  |  |  | Reviewer Comment (2022-01-12): Received updated final 1003 which verifies that the borrower is a US Citizen, associated the same and cleared the exception | 01/12/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216735625 | [Redact} | [Redact} | [Redact} | 24372153 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redact] did not disclose Amount of Non-Escrowed Property Costs over Year 1 | The final CD disclosed the Amount of Non-Escrowed Property Costs over Year 1 as [Redact] on page 4; however the HOA dues total [Redact] per year. Provide a post-close CD correcting the Escrow Account section on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-02-15): [Redact] received Corrected CD and LOX.<br>Reviewer Comment (2022-02-14): [Redact] received Corrected CD. Missing copy of LOE to borrower which accompanies correction to finalize cure. |  | 02/15/2022 |  | 2 C B |  | [Redact} | Second Home | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM | Safe Harbor QM (43-Q) | Yes |
| 216735625 | [Redact} | [Redact} | [Redact} | 24374797 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Employment History - Current Employment Documentation lacks Date Info | Qualified Mortgage (Dodd-Frank 2014): Missing Employment Dates to verify two years current employment. | File missing third party verification of employment. |  |  |  | Buyer Comment (2022-02-23): Waived on Rate Lock: Buyer accepts. Comp factors: [Redact] FICO (min [Redact] required); 45 months reserves (min 18 required); [Redact] DTI ([Redact] Max)<br>Reviewer Comment (2022-02-14): Third Party Verification document received is post the note date, kindly provide the document verifying the Dates of Employment within 120 days of the Note document<br>Reviewer Comment (2022-01-20): Received the Entity information document with more than 120 Days, however the document required is either the Third Party Verification of Employment the Dates of Employment within 120 days of the Note document, hence exception remains<br>Reviewer Comment (2022-01-13): Received the Internet Search document however the document required is either the Third Party Verification of Employment, Verification of Employment or CPA Letter verifying the Dates of Employment within 120 days of the Note document, hence exception remains |  |  | 02/23/2022 | 2 B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216735625 | [Redact} | [Redact} | [Redact} | 24376766 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The appraiser indicates on page 1 and 2 that there are no HOA dues for the subject, but lists [Redact]/ month HOA dues in the comparable sales grid. Appraisal to be corrected to reflect the actual HOA dues for the subject on page 1, and appraiser to confirm that the page 2 project information is correct, as it reflects no dues and only 2 units. This does not align with the project info on page 1. If there are no HOA dues, provide evidence of the same. |  |  |  | Reviewer Comment (2022-02-11): Received updated appraisal with HOA dues for the subject property of [Redact]/month. Exception cleared. | 02/11/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216735625 | [Redact} | [Redact} | [Redact} | 24382839 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-01-05): Waived on Rate Lock: Collateral cleared by Custodian | 01/05/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216735625 | [Redact} | [Redact} | [Redact} | 24382840 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-01-05): Waived on Rate Lock: Collateral cleared by Custodian | 01/05/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM | Safe Harbor QM (43-Q) | No |
| 216756152 | [Redact} | [Redact} |  | 24372371 |  | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. |  |  |  |  |  |  |  |  | 01/04/2022 | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771558 | [Redact} | [Redact} |  | 24392297 |  | Credit | Credit | Miscellaneous | Credit | Miscellaneous Credit (Non-Material): |  | Data tape states [Redact] however there is an AUS approve/ineligible in the file and 1008 reflects AUS decisioning. Please confirm data type. |  |  |  | Reviewer Comment (2021-11-23): Client Confirmed loan to review [Redact]. AUS with Approve/Ineligible on the file.<br>Buyer Comment (2021-11-22): Confirmed [Redact] | 11/23/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771558 | [Redact} | [Redact} |  | 24392298 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | The file was missing a copy of the required fraud report including all interested parties to the transaction. Provide a fraud report to include the borrowers, seller, listing and selling agents, the appraiser, and the loan originator, as required by the guidelines. |  |  |  | Reviewer Comment (2021-12-07): Received Fraud report with all red flag addressed and confirming no risk indicators found. Exception cleared.<br>Buyer Comment (2021-12-06): Please clear - a duplicate condition was cleared on [Redact] (Fraud Report not found in the file.) | 12/07/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771558 | [Redact} | [Redact} |  | 24392300 |  | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file |  | Fraud Report not found in the file. |  |  |  | Reviewer Comment (2021-12-03): Fraud Report has been received, exception cleared.<br>Buyer Comment (2021-12-02): fraud report | 12/03/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771558 | [Redact} | [Redact} |  | 24392301 |  | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. |  | Verified liquid assets in the amount of [Redact] are insufficient to meet cash to close of [Redact]. Final 1008 reflects [Redact] verified, however, no verification of net equity proceeds of [Redact] found in the file. |  |  |  | Reviewer Comment (2021-12-13): FSS from sold property provided.<br>Buyer Comment (2021-12-09): Final Sale of Home with net proceeds of [Redact] | 12/13/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771558 | [Redact} | [Redact} |  | 24392302 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | Calculated investor qualifying total debt ratio of [Redact] exceeds Guideline total debt ratio of [Redact]. |  |  |  | Reviewer Comment (2021-12-13): FSS from sold property provided. Second Home mortgage removed from liabilities.<br>Buyer Comment (2021-12-09): UW comments stating [Redact] payment that is included for rent loss was from the sold property. | 12/13/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771558 | [Redact} | [Redact} |  | 24392303 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | Calculated Available for Reserves of 0 months is less than Guideline Available for Reserves of 18 months. 12 months per guidelines and 6 month for second home due to no documentation for pending sale being sold. |  |  |  | Reviewer Comment (2021-12-13): FSS from sold property provided.<br>Buyer Comment (2021-12-09): Final Sale of Home with net proceeds of [Redact]<br>Reviewer Comment (2021-11-23): As per the [Redact] [Redact] Overlay, only 9 months reserve is required, please provide asset document to cover 9 moths reserve requirement. Exception remains.<br>Buyer Comment (2021-11-22): The reserve requirement per investor ([Redact]) is 9 months. Please remove 12 months per guidelines and 6 month for second home. This is not applicable. | 12/13/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771558 | [Redact} | [Redact} |  | 24392305 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2021-12-13): Appraisal delivery provided.<br>Buyer Comment (2021-12-09): Appraisal Receipt | 12/13/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771558 | [Redact} | [Redact} |  | 24392306 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2021-12-13): All QM related exceptions have been cleared. | 12/13/2021 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216771558 | [Redact} | [Redact} |  | 24392307 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both significantly exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] significantly exceeds the guideline maximum of [Redact]. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | DTI exceeds guideline max by over 5%. |  |  |  | Reviewer Comment (2021-12-13): FSS from sold property provided. Second Home mortgage removed from liabilities. | 12/13/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771558 | [Redact} | [Redact} |  | 24392308 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | ATR failure due to insufficient documentation for net equity pending sale. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2021-12-13): FSS from sold property provided. Second Home mortgage removed from liabilities. | 12/13/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771559 | [Redact} | [Redact} |  | 24392326 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | 4506 is signed and dated but does not show the 'year' in question |  |  |  | Reviewer Comment (2021-11-29): Jointly signed and dated 4506-C for 2018, 2019 & 2020 provided on [Redact]. Exception cleared<br>Buyer Comment (2021-11-26): 4506C | 11/29/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771559 | [Redact} | [Redact} |  | 24392328 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Missing page 2 of Final CD. Unable to determine. |  |  |  | Reviewer Comment (2021-11-29): Received CD with all pages. Exception cleared.<br>Buyer Comment (2021-11-24): Complete CD with pg 2 | 11/29/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216771559 | [Redact} | [Redact} |  | 24392329 |  | Credit | Credit | Miscellaneous | Credit | Miscellaneous Credit (Non-Material): |  | Data Tape reflects [Redact], however AUS Approve/Ineligible in file- Please confirm Program Type |  |  |  | Reviewer Comment (2021-11-22): Confirmation received to proceed with [Redact] product, also verified from rate lock document. Exception Cleared.<br>Buyer Comment (2021-11-20): Loan Locked as [Redact] (see Uploaded Lock Confirmation); Please clear this finding. | 11/22/2021 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771559 | [Redact} | [Redact} |  | 24392332 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided |  | Please provide Loan Underwriting and Transmittal Summary (1008). |  |  |  | Reviewer Comment (2021-11-29): 1008 provided on [Redact]. Exception cleared<br>Buyer Comment (2021-11-26): 1008 | 11/29/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771559 | [Redact} | [Redact} |  | 24392333 |  | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD (Asset) not provided |  | Page 2 of Final CD is missing from loan file. Please send complete executed final CD. |  |  |  | Reviewer Comment (2021-11-29): Final CD with 2nd page provided on [Redact] and ID tab updated accordingly. Exception cleared<br>Buyer Comment (2021-11-26): cd | 11/29/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216771559 | [Redact} | [Redact} |  | 24392334 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Initial Escrow Payment Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redact] disclosed the Initial Escrow Payment that does not match the escrow payment disclosed on page 2. |  |  |  |  | Reviewer Comment (2021-12-09): [Redact] received Letter of Explanation & Corrected Closing Disclosure.<br>Buyer Comment (2021-12-08): CD<br>Buyer Comment (2021-12-08): LOE |  | 12/09/2021 |  | 2 B |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216865755 | [Redact} | [Redact} |  | 24533963 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | The file is missing mortgage statement for [Redact]. |  |  |  | Reviewer Comment (2022-02-08): As per FNMA guidelines time share account will be considered as Installment account and balance and payment verified from credit report. Hence exception is cleared.<br>Seller Comment (2022-02-07): Please see rebuttal regarding timeshare | 02/08/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216865755 | [Redact} | [Redact} |  | 24535303 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-01-19): Sufficient Cure Provided At Closing |  | 01/19/2022 |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216924917 | [Redact} | [Redact} |  | 24568793 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Transfer Tax Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-01-06): [Redact] received corrected PCCD, LOE along with Certified copy of the Final Settlement Statement to shows borrowers only charged [Redact] for transfer taxes, which is less than the originally disclosed on LE.<br>Buyer Comment (2022-01-05): LOE, PCCD and Final settlement statement Per Lender: See PCCD with Final Settlement Stmt and LOX to borrower. At disbursement, final fees shows borrowers only charged [Redact] for transfer taxes. This is less than originally disclosed on LE. Kindly waive.<br>Reviewer Comment (2022-01-04): [Redact] received COC dated [Redact] for decrease in loan amount which is not a valid reason for the increase in Transfer Tax. Please provide us with valid COC as to why the Transfer Tax Fee was increased on the LE dated [Redact] or cure required. Cure document consist of PCCD, LOX, Copy of Check Refund and Mailing Proof.<br>Buyer Comment (2022-01-03): COC | 01/06/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216924917 | [Redact} | [Redact} |  | 24568794 |  | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. |  | Missing VVOE for previous employer, [Redact]. |  |  |  | Reviewer Comment (2022-01-05): Received VVOE for Co-Borrower previous employer [Redact], exception cleared.<br>Buyer Comment (2022-01-04): Previous VOE | 01/05/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966314 | [Redact} | [Redact} |  | 24625248 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD | TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. | ,. |  |  |  | Reviewer Comment (2021-12-10): Received VVOE document within the 10 business days from closing date and associated. Exception cleared. | 12/10/2021 |  |  | 1 A |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966314 | [Redact} | [Redact} |  | 24625250 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. |  | Verification of employment is not within 10 business days of the Note. |  |  |  | Reviewer Comment (2021-12-10): Received VVOE document within the 10 business days from closing date and associated. Exception cleared.<br>Buyer Comment (2021-12-09): [Redact]: See attachment. | 12/10/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966353 | [Redact} | [Redact} |  | 24625436 |  | Credit | Guideline | Guideline Issue | Guideline | VOE was the only document used to verify employment and not allowable per guidelines unless ordered by lender/investor/seller. |  | The provided Verbal verification of employment from [Redact] did not contain the source used to obtain the employer's telephone number in order to verify an independent third party was used. |  |  |  | Reviewer Comment (2021-12-14): We have received document id D0202 which reflects source used to obtain phone number was [Redact] hence associated the document and cleared exception<br>Buyer Comment (2021-12-13): [Redact]: See attachment. | 12/14/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966374 | [Redact} | [Redact} |  | 24625526 |  | Credit | Insurance | Insurance Analysis | Insurance | Flood Insurance Policy expires within 90 days of the Note Date. | Flood Insurance Policy Expiration Date ___; Note Date ___ | Flood Insurance expires on [Redact] which is less than 90 days from the Note date, [Redact]. |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966374 | [Redact} | [Redact} |  | 24625527 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | Final CD reflects annual HOA fee of [Redact]; however, the appraisal shows correct annual HOA fee of [Redact]. |  |  |  | Reviewer Comment (2021-12-15): [Redact] received PCCD and LOE; exception is cured.<br>Buyer Comment (2021-12-14): [Redact]: see attachment. |  | 12/15/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966374 | [Redact} | [Redact} |  | 24625528 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redact] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | The Flood Insurance should be reflected under "Insurance" versus "Other" under the Estimated Taxes, Insurance and Assessments in the Projected Payments Section. |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Refinance - Rate/Term | Good Faith Redisclosure C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966379 | [Redact} | [Redact} |  | 24625560 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - Partnership | General QM: Unable to verify current Partnership status using reasonably reliable third-party records. | There is no third party verification in file to document the borrower's primary Self Employment Income source: [Redact]. Documented verification from a third party source is required. |  |  |  | Reviewer Comment (2021-12-17): Cleared. Third Party Verification of business received.<br>Buyer Comment (2021-12-16): Proof of SE is located on page 960 of your loan file<br>Reviewer Comment (2021-12-16): Unable to locate third party employment in the file. Provide missing document CPA letter or most recent transcripts or signed and dated tax returns , other third party source employment to clear the exception as per the compliance requirement. Exception remains.<br>Buyer Comment (2021-12-15): Please see the attached Third party verification for the clients Self employment | 12/17/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966379 | [Redact} | [Redact} |  | 24625561 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | A valid COC for increased on Appraisal Fee on [Redact] was not found in file. An updated post-close CD disclosing the tolerance cure, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made was not provided. |  |  |  | Reviewer Comment (2021-12-16): [Redact] received a valid COC on increase of Appraisal fee<br>Buyer Comment (2021-12-15): Please see the attached Screen shots from our Appraisal fee tracking item, Fee was increased based on the complexity of the subject for valuation, this is a valid CIC | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966379 | [Redact} | [Redact} |  | 24625562 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | There is no third party verification in file to document the borrower's primary Self Employment Income source: [Redact]. Documented verification from a third party source is required. |  |  |  | Reviewer Comment (2021-12-17): Cleared. Third Party Verification of business received.<br>Buyer Comment (2021-12-15): Please see the attached Third party verification for the clients Self employment | 12/17/2021 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966379 | [Redact} | [Redact} |  | 24625566 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The Final CD reflects Non-Escrowed Property Costs over Year 1 of [Redact]. The subject property is a PUD, however the Appraisal in file does not include HOA dues. The HOA documentation in file that supports [Redact] monthly HOA dues is for a different REO and not the subject property. Documentation to verify the HOA amount and frequency of the subject property is required. |  |  |  | Reviewer Comment (2021-12-16): [Redact] received a PCCD correcting non escrowed property costs and LOE.<br>Buyer Comment (2021-12-15): Please see the attached LOE to client, corrected CD and [Redact] label |  | 12/16/2021 |  | 2 C B |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966379 | [Redact} | [Redact} |  | 24625567 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Property type discrepancy. |  | The Appraisal reflects the property as a SFR. The AUS/1008/Security Instrument/PUD Rider all reflect property as being a PUD. |  |  |  | Reviewer Comment (2021-12-16): Client has new appraisal policy where they do not require appraisal correction | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966384 | [Redact} | [Redact} |  | 24625590 |  | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | Per Hazard policy is file, there is a coverage shortfall of [Redact]. File is missing Replacement Cost Estimator. |  |  |  | Reviewer Comment (2021-12-16): Received and Associated the Replacement cost Estimator document. Exception Cleared<br>Buyer Comment (2021-12-15): [Redact]: HOI document and checklist of coverage submitted shows the loss settlement basis is replacment cost, and they confirm it is covered. We have enough information with the documents on file. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966384 | [Redact} | [Redact} |  | 24625592 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | HOA fees of [Redact] was disclosed to the borrower on Final CD. The HOA fees was not on the 1004. |  |  |  | Reviewer Comment (2021-12-16): [Redact] received a PCCD correcting non escrowed property costs and LOE.<br>Buyer Comment (2021-12-15): [Redact]: See attachment. |  | 12/16/2021 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966384 | [Redact} | [Redact} |  | 24625593 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redact] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | The Flood Insurance should be reflected under "Insurance" versus "Other" under the Estimated Taxes, Insurance and Assessments in the projected payments Section. |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | Good Faith Redisclosure C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966384 | [Redact} | [Redact} |  | 24625594 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | The zero percent fee tolerance was exceeded for Loan Discount Point. No valid COC in file and no cure was provided to the borrower for fee increase. |  |  |  | Reviewer Comment (2021-12-16): [Redact] received valid COC dated [Redact] with reason why the Loan Discount Point fee was increased on the CD dated [Redact] hence after review the exception was cleared.<br>Buyer Comment (2021-12-15): [Redact]: see attachment. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966384 | [Redact} | [Redact} |  | 24625595 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Mortgage Broker Fee. Fee Amount of [Redact] exceeds tolerance of [Redact] |  |  |  | Reviewer Comment (2021-12-16): [Redact] received valid COC dated [Redact] with reason why the Mortgage Broker Fee was increased on the CD dated [Redact] hence after review the exception was cleared.<br>Buyer Comment (2021-12-15): [Redact]: See attachment. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966384 | [Redact} | [Redact} |  | 24625596 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Tax Service Fee (Life Of Loan). Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | File is missing a valid COC for increase in Tax Service fee, no cure was provided to the borrower for fee increase. |  |  |  | Reviewer Comment (2021-12-16): [Redact] received valid COC dated [Redact] with reason why the Tax Service Fee was increased on the CD dated [Redact] hence after review the exception was cleared.<br>Buyer Comment (2021-12-15): [Redact]: See attachment. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966384 | [Redact} | [Redact} |  | 24625597 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | File is missing a valid COC for increase in Transfer Tax, no cure was provided to the borrower for fee increase. |  |  |  | Reviewer Comment (2021-12-16): [Redact] received valid COC dated [Redact] with reason why the Transfer Tax Fee was increased on the CD dated [Redact] hence after review the exception was cleared.<br>Buyer Comment (2021-12-15): [Redact]: See attachment. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966384 | [Redact} | [Redact} |  | 24625598 |  | Credit | Insurance | Insurance Analysis | Insurance | Flood Insurance Policy expires within 90 days of the Note Date. | Flood Insurance Policy Expiration Date ___; Note Date ___ | File is missing renewal policy for flood insurance. |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966384 | [Redact} | [Redact} |  | 24625599 |  | Compliance | Compliance | Federal Compliance | Missing Disclosure | Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing | FDPA Notification Rule: Creditor did not retain record of borrower's receipt of Notice of Special Flood Hazard Disclosure. | The Notice of Special Flood Hazard provided to the borrower on [Redact] is not signed by the borrower. |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966384 | [Redact} | [Redact} |  | 24625600 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Failure is due to income discrepancy. [Redact] base salary was used to qualify. Per Audit review, [Redact]/mo income verified. |  |  |  | Reviewer Comment (2021-12-16): Considered the Bonus income of [Redact] from WVOE , DTI is in line. Hence exception cleared.<br>Buyer Comment (2021-12-15): [Redact]: This is an incorrect calculation, [Redact] is not including the K-1 income from the client's business which netted the client [Redact] in the prior year and a [Redact] two years ago. Once this income is included, the DTI matches ours. | 12/16/2021 |  |  | 1 B A C |  | [Redact} | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966384 | [Redact} | [Redact} |  | 24625601 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both significantly exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] significantly exceeds the guideline maximum of [Redact]. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | DTI discrepancy is due to income. [Redact] base salary was used to qualify. Per Audit review, [Redact]/mo income verified. |  |  |  | Reviewer Comment (2021-12-16): Considered the Bonus income of [Redact] from WVOE , DTI is in line. Hence exception cleared.<br>Buyer Comment (2021-12-15): [Redact]: This is an incorrect calculation, [Redact] is not including the K-1 income from the client's business which netted the client [Redact] in the prior year and a [Redact] two years ago. Once this income is included, the DTI matches ours. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966384 | [Redact} | [Redact} |  | 24625602 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | DTI discrepancy is due to lender using [Redact] monthly base to qualify. Audit review income of [Redact] verified. |  |  |  | Reviewer Comment (2021-12-16): Considered the Bonus income of [Redact] from WVOE , DTI is in line. Hence exception cleared.<br>Buyer Comment (2021-12-15): [Redact]: This is an incorrect calculation, [Redact] is not including the K-1 income from the client's business which netted the client [Redact] in the prior year and a [Redact] two years ago. Once this income is included, the DTI matches ours. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966384 | [Redact} | [Redact} |  | 24625603 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Failure is due to lender using [Redact]/mo base salary income to qualify. Audit review of [Redact] income verified. |  |  |  | Reviewer Comment (2021-12-16): Considered the Bonus income of [Redact] from WVOE , DTI is in line. Hence exception cleared.<br>Buyer Comment (2021-12-15): [Redact]: This is an incorrect calculation, [Redact] is not including the K-1 income from the client's business which netted the client [Redact] in the prior year and a [Redact] two years ago. Once this income is included, the DTI matches ours. | 12/16/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966402 | [Redact} | [Redact} |  | 24625666 |  | Credit | Asset | Asset Documentation | Asset | Missing Document: Gift Letter not provided |  | Gift fund letter and or source of gift fund in the amount of [Redact] was not included in the loan file. |  |  |  | Reviewer Comment (2021-12-29): Gift assets not require on this file ,hence exception cleared<br>Buyer Comment (2021-12-28): Please see attached proof of wire. Guidelines do not require gift assets to be sourced for this product. Please review to clear this condition.<br>Reviewer Comment (2021-12-16): Please provide source of Gift fund and also documentary evidence that it was directly sent to escrow at closing. Exception Remains.<br>Buyer Comment (2021-12-15): Gift was sent directly to escrow at closing | 12/29/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966402 | [Redact} | [Redact} |  | 24625669 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact]). | Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact] |  |  |  | Reviewer Comment (2021-12-17): [Redact] received itemization of credit.<br>Buyer Comment (2021-12-17): Please see the CD addendum attached which confirms [Redact] of broker comp was Seller Paid<br>Reviewer Comment (2021-12-16): [Redact] received itemization however the broker compensation on the final CD is [Redact] rather than [Redact]. Please provide a corrected CD, LOE, refund check, and proof of delivery to cure.<br>Buyer Comment (2021-12-15): see itemization attached<br>Buyer Comment (2021-12-15): [Redact] x 360 - [Redact] + [Redact] = [Redact] | 12/17/2021 |  |  | 1 C A |  | [Redact} | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966418 | [Redact} | [Redact} |  | 24625715 |  | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | The original lender was [Redact] and the H-9 form should have been used in lieu of the H-8. |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216966425 | [Redact} | [Redact} |  | 24625734 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | valuation was not provided and completed within proper time frame of closing |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216966425 | [Redact} | [Redact} |  | 24625736 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | a valid change of circumstance as not provided to support increase |  |  |  | Reviewer Comment (2021-12-08): Sufficient Cure Provided At Closing |  | 12/08/2021 |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216967058 | [Redact} | [Redact} |  | 24632585 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2021-11-19): Sufficient Cure Provided At Closing |  | 11/19/2021 |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216967058 | [Redact} | [Redact} |  | 24632586 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | Overlays for [Redact] require 6 months PITI reserves however no assets were verified. |  |  |  | Reviewer Comment (2022-01-10): Asset Documentation received for Borrower, Sufficient balance is available for 6 months PITI reserves . Exception cleared.<br>Buyer Comment (2022-01-07): [Redact] statement | 01/10/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216967058 | [Redact} | [Redact} |  | 24632587 |  | Credit | Credit | Miscellaneous | Credit | Miscellaneous Credit (Non-Material): |  | Data tape states [Redact] jumbo however an AUS approve/ineligible is in the file and 1008 reflects AUS decisioning. Please confirm data type. |  |  |  | Reviewer Comment (2021-11-29): Client acknowledged with Express product. Exception cleared.<br>Buyer Comment (2021-11-26): Loan reviewed as Jumbo Express | 11/29/2021 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216967066 | [Redact} | [Redact} |  | 24632614 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | Missing tax and insurance verification for REO properties listed. |  |  |  | Reviewer Comment (2021-12-10): Letter of explanation provided. Commercial properties qualified by SCH E.<br>Buyer Comment (2021-12-08): lox<br>Reviewer Comment (2021-12-01): The 2020 tax return is reflecting no taxes and insurance for following properties [Redact]. Please provide recent tax and insurance documents for these properties along with insurance document for property located at [Redact]. Exception remains.<br>Buyer Comment (2021-11-30): comment from lender: The underwriter used the expenses for taxes and insurance figures for these properties from the 2020 tax returns, allowed per DU findings | 12/10/2021 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216967066 | [Redact} | [Redact} |  | 24632616 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The final CD disclosed the Amount of Total Property Costs over Year 1 as [Redact] on page 4; however the annual taxes ([Redact]) and homeowners insurance ([Redact]) total are [Redact] per year. Provide a post-close CD correcting on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-01-18): Letter of Explanation & Corrected Closing Disclosure provided.<br>Buyer Comment (2022-01-14): LOE and PCCD<br>Reviewer Comment (2021-12-03): [Redact] received PCCD and correspondence however as flood insurance is not required it should not be included in property costs. 1026.43(b)(8) defines mortgage related obligations as "property taxes; premiums and similar charges identified in § 1026.4(b)(5), (7), (8), and (10) that are required by the creditor; fees and special assessments imposed by a condominium, cooperative, or homeowners association; ground rent; and leasehold payments. Please provide a corrected CD and LOE to cure. The amount is still included in ratio however should not be included in the property cost total.<br>Buyer Comment (2021-12-01): LOX<br>Buyer Comment (2021-12-01): PCCD |  | 01/18/2022 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 216967080 | [Redact} | [Redact} |  | 24632693 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided |  | Tape data reflects [Redact]. Missing AUS. Reserves subject to change upon receipt. |  |  |  | Reviewer Comment (2022-01-19): Received AUS (LPA) with Accept/Ineligible risk result and without any additional reserve requirement. Exception cleared.<br>Buyer Comment (2022-01-18): LPA attached | 01/19/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 216967080 | [Redact} | [Redact} |  | 24632696 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. |  |  |  | Reviewer Comment (2022-01-13): Sufficient Cure Provided At Closing |  | 01/13/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217043581 | [Redact} | [Redact} | [Redact} | 24640241 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-02-25): Waived on Rate Lock: Collateral cleared by Custodian | 02/25/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217043581 | [Redact} | [Redact} | [Redact} | 24640242 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-02-25): Waived on Rate Lock: Collateral cleared by Custodian | 02/25/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217043581 | [Redact} | [Redact} | [Redact} | 24838344 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Initial Escrow Deposit Disclosure disclosed Initial Escrow deposit as [Redact]. Final CD reflects initial escrow deposit of [Redact]. Lender to provide corrected initial escrow deposit disclosure. |  |  |  | Reviewer Comment (2022-02-23): corrected disclosure provided<br>Seller Comment (2022-02-23): see attachment, thanks. | 02/23/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217043581 | [Redact} | [Redact} | [Redact} | 24838347 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Monthly Escrow Payment Overdisclosed | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redact] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. | The final CD disclosed the Amount of Total Property Costs over Year 1 as [Redact] on page 4; however, the annual taxes ([Redact]) and homeowners insurance ([Redact]) total are [Redact] per year. Final CD reflects Estimated Taxes, Insurance & Assessments of [Redact] monthly, correct amount is [Redact]. Provide a post-close CD correcting on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-02-18): Sufficient Cure Provided At Closing |  | 02/18/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217043581 | [Redact} | [Redact} | [Redact} | 24838348 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. |  |  |  | Reviewer Comment (2022-02-22): [Redact] received [Redact] Initial CD and proof of receipt<br>Seller Comment (2022-02-21): attached, thanks. | 02/22/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | No Defined Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217043581 | [Redact} | [Redact} | [Redact} | 24838349 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Loan Discount Points was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-03-02): [Redact] upon further review received a CD dated [Redact] and a valid COC dated [Redact] for Loan Discount Points increases.<br>Seller Comment (2022-03-02): please see attachment<br>Reviewer Comment (2022-03-01): [Redact] - Provided COC is dated [Redact] showing loan amount changed, however, there is no CD in file that was disclosed within 3 business days from date of change. Closest CD is dated [Redact] with increased discount points as [Redact]. Please provide missing CD disclosed within 3 business days from change date i.e [Redact] or a valid COC for increase in discount points on [Redact] CD or cure documents. Exception remains.<br>Seller Comment (2022-02-28): please see attached COC reasons, thanks. | 03/02/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217053045 | [Redact} | [Redact} | [Redact} | 24664531 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-03-18): Waived on Rate Lock: Collateral cleared by Custodian | 03/18/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217053045 | [Redact} | [Redact} | [Redact} | 24664532 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-03-18): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-03-17): [Redact] | 03/18/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217053045 | [Redact} | [Redact} | [Redact} | 25034119 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 |  | A final 1003 is missing from the file |  |  |  | Reviewer Comment (2022-03-21): Final 1003 provided. Exception cleared.<br>Seller Comment (2022-03-18): Signed Final 1003 | 03/21/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217053045 | [Redact} | [Redact} | [Redact} | 25118115 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Evidence that Schedule L, line 17 debt (mortgages, notes, bonds payable in < 1 year) is rollover was missing from the file. Either CPA or borrower provided evidence is required. If documentation cannot be provided, this debt will be required to be reduced from the business income. |  |  |  | Reviewer Comment (2022-03-21): CPA letter located in the file confirming rollover. Exception cleared. | 03/21/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217066730 | [Redact} | [Redact} | [Redact} | 24705467 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-03-18): Waived on Rate Lock: Collateral cleared by Custodian | 03/18/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217066730 | [Redact} | [Redact} | [Redact} | 24705468 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-03-18): Waived on Rate Lock: Collateral cleared by Custodian | 03/18/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217066730 | [Redact} | [Redact} | [Redact} | 25042491 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided |  | The file was missing a copy of the Loan Underwriting and Transmittal Summary |  |  |  | Reviewer Comment (2022-03-27): Received Loan Underwriting and Transmittal Summary same has been associates. Hence exception cleared.<br>Reviewer Comment (2022-03-25): Request you to provide the Loan Underwriting and Transmittal Summary document. Hence exception remains. | 03/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217066730 | [Redact} | [Redact} | [Redact} | 25042752 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-04-08): Third party verification for business provided | 04/08/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217066730 | [Redact} | [Redact} | [Redact} | 25043518 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | The file was missing evidence to support the remaining [Redact] payment disclosed on the 1003 for property located at [Redact]. The file was missing evidence to support the remaining [Redact] payment disclosed on the 1003 for property located at [Redact] |  |  |  | Reviewer Comment (2022-04-08): REO documentation provided<br>Reviewer Comment (2022-03-25): The file was missing evidence to support the remaining [Redact] payment disclosed on the 1003 for property located at [Redact]. The file was missing evidence to support the remaining [Redact] payment disclosed on the 1003 for property located at [Redact]. Hence exception remains | 04/08/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217066730 | [Redact} | [Redact} | [Redact} | 25150531 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - S-Corp | General QM: Unable to verify current S-Corp status using reasonably reliable third-party records. | The third party verification obtained prior to consummation was missing from the file. |  |  |  | Reviewer Comment (2022-04-08): Third party verification for business provided<br>Reviewer Comment (2022-03-28): Third party verification document provided is after note date. Note date is [Redact] and document date is [Redact]. Request you to provide the third party verification within 10 days before note date. Hence exception remains. | 04/08/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217066730 | [Redact} | [Redact} | [Redact} | 25150533 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - S-Corp | General QM: Unable to verify current S-Corp status using reasonably reliable third-party records. | The third party verification obtained prior to consummation was missing from the file. |  |  |  | Reviewer Comment (2022-04-08): Third party verification for business provided<br>Reviewer Comment (2022-03-28): Third party verification document provided is after note date. Note date is [Redact] and document date is [Redact]. Request you to provide the third party verification within 10 days before note date. Hence exception remains. | 04/08/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217066730 | [Redact} | [Redact} | [Redact} | 25156532 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | Income/Income Documentation Borrower: [Redact]: Income Docs Missing: Request you to provide the third party verification document. |  |  |  | Reviewer Comment (2022-04-08): Third party verification for business provided<br>Reviewer Comment (2022-03-28): Third party verification document provided is after note date. Note date is [Redact] and document date is [Redact]. Request you to provide the third party verification within 10 days before note date. Hence exception remains. | 04/08/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217080850 | [Redact} | [Redact} | [Redact} | 24733058 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-05-17): Waived on Rate Lock: Collateral cleared by Custodian | 05/17/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Debt Consolidation | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217080850 | [Redact} | [Redact} | [Redact} | 24733059 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-05-17): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-05-16): (Rate Lock) [Redact] | 05/17/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Debt Consolidation | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081209 | [Redact} | [Redact} |  | 24735292 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | The HOI policy for [Redact] was not found in the file. |  |  |  | Reviewer Comment (2022-01-19): HOI policy received for the property located at [Redact] , document attached and updated. Exception cleared.<br>Buyer Comment (2022-01-18): Please see attached non-subject HOI policy. | 01/19/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081215 | [Redact} | [Redact} |  | 24735307 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | The most recent mortgage statement with escrows is required to document the obligation for the REO properties at [Redact] and [Redact]. The Final 1003 reflects these as new mortgages with [Redact] |  |  |  | Reviewer Comment (2022-01-21): Received closing disclosure for both the reo properties and associated. Exception cleared.<br>Buyer Comment (2022-01-20): Please see the attached for the final closing disclosures on [Redact] and [Redact] | 01/21/2022 |  |  | 1 C A |  | [Redact} | Second Home | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081215 | [Redact} | [Redact} |  | 24735308 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | No Third Party Verification found in file for [Redact]. |  |  |  | Reviewer Comment (2022-01-21): Loan is SHQM(APOR).<br>Reviewer Comment (2022-01-21): Documentation provided to satisfy the exception.<br>Buyer Comment (2022-01-21): Please see the attached Business report obtained online from [Redact] for [Redact]. [Redact] guides lines for verifying foreign self employment require and online search and 1040 form 8938 that is included with your loan file starting on page 655. | 01/21/2022 |  |  | 1 B A C |  | [Redact} | Second Home | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081215 | [Redact} | [Redact} |  | 24735309 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - S-Corp | General QM: Unable to verify current S-Corp status using reasonably reliable third-party records. | No Third Party Verification found in file for [Redact]. |  |  |  | Reviewer Comment (2022-01-21): Documentation provided to satisfy the exception<br>Buyer Comment (2022-01-21): Please see the attached Business report obtained online from [Redact] for [Redact]. [Redact] guides lines for verifying foreign self employment require and online search and 1040 form 8938 that is included with your loan file starting on page 655. | 01/21/2022 |  |  | 1 C A |  | [Redact} | Second Home | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081215 | [Redact} | [Redact} |  | 24735310 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact]). | The Finance Charge reflected on the Final CD of [Redact] does not match the calculated Finance Charge of [Redact]. The variance stems from the Third Party Processing Fee for [Redact] that is not included in the disclosed Finance Charge per the Itemization of the Amount Financed breakdown. |  |  |  | Reviewer Comment (2022-01-27): PCCD, LOE, Copy of check and proof of mailing provided.<br>Buyer Comment (2022-01-26): Please see the attached shipping progress information from [Redact] showing that the cure package was not sent out until [Redact] at 6:46pm EST. The revised PCCD was included in this package prior to shipping and after being submitted to [Redact] on [Redact] at 11:24am EST. This shipping information can be verified on [Redact].com<br>Reviewer Comment (2022-01-26): Received the revised PCCD dated [Redact] correcting the Loan Calculations section. The [Redact] tracking indicates the previous package was shipped on [Redact] which was prior to the revised PCCD. Please provide an updated LOE and proof of mailing of the revised PCCD dated [Redact].<br>Buyer Comment (2022-01-25): Please see the correct PCCD and full package<br>Reviewer Comment (2022-01-25): PCCD provided requires correction to the Loan Calculations section on page 5. Please provide a revised PCCD, LOE to B, and proof the package was mailed. [Redact] website indicates label was corrected. Check to borrower for [Redact] was received.<br>Buyer Comment (2022-01-24): Please see the attached for the LOE to client, corrected CD, [Redact] label and check copy |  | 01/27/2022 |  | 2 C B |  | [Redact} | Second Home | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081233 | [Redact} | [Redact} |  | 24735361 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Older Than 30 days When Provided to Borrower | RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations was older than 30 days when provided to borrower. | The List of Homeownership Counseling Organization provided to Borrower on [Redact] reflected the list was updated on [Redact], which is greater than 30 days old. |  |  |  | Buyer Comment (2022-01-20): Recognized as a non material issue |  |  | 01/20/2022 | 2 B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081233 | [Redact} | [Redact} |  | 24735363 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact]). | The Finance Charge did not include the following fees from Section H of the Final Closing Disclosure: Express Mail Fee [Redact]; Loan Closing Fee of [Redact] and Real Estate Closing Fee of [Redact] and Credit Monitoring Service from Section B of [Redact]. |  |  |  | Reviewer Comment (2022-01-31): PCCD, LOE, Check and [Redact] website confirms deliver of the package on [Redact]. Exception cleared.<br>Buyer Comment (2022-01-28): Please see the attached [Redact] tracking status, this package is currently out for delivery by 12pm today<br>Reviewer Comment (2022-01-27): [Redact] received PCCD indicating cure, LOE, refund check, and shipping label. The shipping label indicates package is not yet mailed Exception may be cured once proof of delivery is available.<br>Buyer Comment (2022-01-26): Please see the attached for the LOE to client, [Redact] shipping label, corrected CD and check copy. the [Redact] compliance team has confirmed only a cure for the Express mail fee will be required for [Redact]<br>Reviewer Comment (2022-01-24): Loan Closing and Real Estate Closing fees in Section H were omitted from calculation as they are typical of a cash transaction. However the Credit Monitoring Service fee is not a Credit Report fee and is not a fee that would be typical of a cash transaction and is lender fee. Underdisclosure to borrower of Finance Charges is calculated at [Redact] underdisclosure. The following fees were included in calculation: Courier [Redact], Credit Monitoring Service [Redact], Flood cert life of loan [Redact], Discount [Redact], Prepaid Int [Redact], Processing [Redact], Tax Service Life of Loan [Redact], Title-CPL [Redact] and Underwriting fee [Redact]. To exclude fee from finance charges under 1026.4(a)(2), lender must not require service, imposition of the charge, or retain any portion of the charge. If any fee the lender feels is not a finance charge, provide an attestation as to the purpose of the fee for determination if a finance charge. Otherwise cure is due with Corrected CD, LOE to borrower, copy of full underdisclosure of [Redact], and proof of mailing.<br>Buyer Comment (2022-01-21): Based on Regulation Z 1026.4(c)(7)(iii), credit report fees are excluded from the Finance charge, the official interpretation states that credit report fee's cover not only the cost of the report but also the cost of verifying information in the report. Moreover, Regulation Z 1026.4(a)(2) in the official interpretation allows for the closing Fee of [Redact] and Real estate closing fee of [Redact] to be excluded as these fee's would be charged by a Title Company or closing agent in a comparable cash transaction. Only the Courier fee should require a cure. Please review the regulations noted and advise.<br>Reviewer Comment (2022-01-21): The Credit Monitoring Fee in the amount of [Redact] is considered a Finance Charge as this fee would not be applicable in a cash transaction. Acceptable documentation would be required in order to verify the Loan Closing Fee to the Settlement Agent in the amount of [Redact] ([Redact]) and Real Estate Closing Fee to the Settlement Agent in the amount of [Redact] both of which are reflected in Section H. It is noted that a Settlement/Closing Fee was not disclosed in Section C to the Settlement Agent. A Settlement/Closing Fee is a standard fee in a mortgage related transaction and therefore it appears it was incorrectly place in Section H versus Section C and would be a viable Finance Charge.<br>Buyer Comment (2022-01-20): While We can agree that the Express Mail Fee [Redact] should be included in the finance charge, the Credit monitoring fee [Redact], loan closing fee [Redact] and Real estate closing fee are excludable based on Regulation 1026.4(c)(7) as Real estate related fee's. Please review and update the request for the Express mail fee only being required for a cure |  | 01/31/2022 |  | 2 C B |  | [Redact} | Second Home | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081233 | [Redact} | [Redact} |  | 24735364 |  | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. |  | The city on the hazard insurance was [Redact] and the city on the Note was [Redact]. |  |  |  | Reviewer Comment (2022-01-24): Revised HOI was provided to clear exception.<br>Buyer Comment (2022-01-24): Please see the attached for the corrected homeowners Policy | 01/24/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081239 | [Redact} | [Redact} |  | 24735378 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. |  | Note date is [Redact]. The employment verification is dated [Redact]. Provide a verbal employment verification for borrower dated within 10 business days of the Note. |  |  |  | Reviewer Comment (2022-01-14): WVOE/VVOE provided for the borrower dated [Redact]. Exception cleared.<br>Buyer Comment (2022-01-13): Please see the attached VOE for [Redact] with [Redact]. | 01/14/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081239 | [Redact} | [Redact} |  | 24735380 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Lenders Coverage Premium. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | A valid COC for increased Title - Lender's Coverage Premium was not found in the file. An updated post-close CD disclosing the tolerance cure, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changed made was not provided. |  |  |  | Reviewer Comment (2022-01-14): Change of circumstance provided for the increase. Exception cleared.<br>Buyer Comment (2022-01-13): Please see the re-disclosure history that has been uploaded showing on [Redact] that the purpose of the refinance changed from a Rate and Term to a Cash out transaction and the loan amount increased from [Redact] to [Redact] which account for the increase in the Lenders Title premium. | 01/14/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081239 | [Redact} | [Redact} |  | 24735381 |  | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Subject is a refinance and property is listed for sale. |  |  |  |  |  | Reviewer Comment (2022-01-14): The subject is a new construction and the Sale information listed from the past 12 months on the appraisal is from when the client originally purchased the home in [Redact] from [Redact] with the closing in [Redact], checked Title document which confirms that the borrowers had purchased the property as Joints tenants with rights of survivorship on [Redact], and similar comment is mentioned on 1004. Hence, no concerns. Exception Cleared.<br>Buyer Comment (2022-01-13): The subject is a new construction and the Sale information listed (from the past 12 months) on the appraisal is from when the client originally purchased the home in [Redact] from[Redact] with the closing in [Redact], this can be reviewed in the vesting information on the title in your loan file on page 636 | 01/14/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081239 | [Redact} | [Redact} |  | 24735382 |  | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Hazard insurance coverage amount is insufficient. Coverage amount required to cover the lesser of the Replacement Cost or the Loan amount per guidelines. | Coverage: ___; Extended Replacement Coverage: ___;<br> Loan Amount: ___;<br> Cost New: ___ | Hazard insurance coverage of [Redact] plus extended replacement coverage of [Redact]. Loan amount if [Redact] and appraisal shows estimate of cost-new of [Redact]. No replacement cost estimate provided. |  |  |  | Reviewer Comment (2022-01-14): Lender Certification provided verifying the dwelling coverage on the HO covers up to replacement cost.<br>Buyer Comment (2022-01-13): Please see the attached for our Process certification confirming that we spoke with the clients insurance provider and verified that the dwelling coverage for the policy covers the subject property up to the required replacement cost. | 01/14/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081244 | [Redact} | [Redact} |  | 24735388 |  | Credit | Guideline | Guideline Issue | Guideline | Aged document: Primary Valuation is older than guidelines permit |  | Appraisal is over 120 days at time of closing. |  |  |  | Reviewer Comment (2022-01-19): Recert of Value document received. Exception cleared.<br>Buyer Comment (2022-01-18): [Redact]: See recert of value. | 01/19/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081244 | [Redact} | [Redact} |  | 24735390 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | Homeowners Insurance missing for REO [Redact]. |  |  |  | Reviewer Comment (2022-01-19): Hazard Insurance document received for property at [Redact] , Exception cleared.<br>Buyer Comment (2022-01-18): [Redact]: See documentation confirming HO6 cost. | 01/19/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081249 | [Redact} | [Redact} |  | 24735416 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Documentation is required to evidence the Hazard Insurance Policy and HOA due for the investment property at [Redact]. |  |  |  | Reviewer Comment (2022-01-13): Closing statement from sale of property provided. Exception cleared.<br>Buyer Comment (2022-01-13): [Redact]: See attachment. | 01/13/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081254 | [Redact} | [Redact} |  | 24735421 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Appraisal dated [Redact] and the Certification of Appraisal Delivery states that the appraisal was delivered on [Redact] which is prior to the date of the appraisal. |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Refinance - Rate/Term | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081257 | [Redact} | [Redact} |  | 24735429 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Insufficient or no cure was provided to the borrower. | A COC for the increase of the recording fee on [Redact] from [Redact] to [Redact] was not found nor was a cure given. |  |  |  | Reviewer Comment (2022-02-01): [Redact] received Corrected PCCD, Letter of Explanation, Proof of Delivery, Copy of Refund Check<br>Buyer Comment (2022-02-01): Please see correct redisclosure package which was mailed and delivered to the borrower. The package previously uploaded was incorrect as it had already been created and mailed. Please review to clear this condition.<br>Reviewer Comment (2022-01-31): [Redact] received PCCD dated [Redact], LOE, Copy of check and shipping label. Tracking indicates the label has been created; however, it has not been picked up for shipping. Proof of delivery is required to cure.<br>Buyer Comment (2022-01-28): Please see attached redisclosure package curing the issue. Please review to clear this condition.<br>Reviewer Comment (2022-01-18): [Redact] acknowledges the receipt of the increase in the recording fees from [Redact] to [Redact] as per the Re-disclosure History on [Redact]. The 2 CD's in the file show the seller as paying the [Redact] difference. The borrower's total recording fee did not increase to [Redact] until the final CD dated [Redact]. Therefore, the disclosure was not provided to the borrower within 3 business days as required. Based on this, a tolerance cure is required in the amount of [Redact]. Please provide a PCCD, LOE to B, copy of check and proof of borrower receipt.<br>Buyer Comment (2022-01-14): Please see the attached change in circumstance form which confirms the Deed prep fee was added on [Redact] causing the recocrding fees to increase. |  | 02/01/2022 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081258 | [Redact} | [Redact} |  | 24735432 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Older Than 30 days When Provided to Borrower | RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations was older than 30 days when provided to borrower. | The List of Homeownership Counselling Organization was updated [Redact]. |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081265 | [Redact} | [Redact} |  | 24735444 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | Appraisal indicates HOA is [Redact] per month. Approval and CD are using [Redact]. Corrected PCCD was not provided with correct value of property costs. |  |  |  | Reviewer Comment (2022-01-31): PCCD and LOE provided. Exception cleared<br>Buyer Comment (2022-01-28): Please see attached |  | 01/31/2022 |  | 2 C B |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081265 | [Redact} | [Redact} |  | 24735446 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Insufficient or no cure was provided to the borrower. | A valid COC for increased Recording Fees on [Redact] was not found in file. An updated post-close CD disclosing the tolerance cure, a copy of the refund check, proof of delivery and a copy of the letter of explanation sent to the borrower disclosing the changes was not provided. |  |  |  | Reviewer Comment (2022-02-07): Provided: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD<br>Reviewer Comment (2022-02-03): [Redact] received LOE, corrected CD, copy of refund check, and mailing label. Tracking indicates label was created. Exception will be cured once package is mailed.<br>Buyer Comment (2022-02-03): Please see the redisclosure pkg attached to cure [Redact] for the recording fee and [Redact] for the transfer taxes<br>Reviewer Comment (2022-01-31): The increase in the recording fees to [Redact] on the [Redact] was documented due to the addition of a PUD Rider. The increase in the recording fees to [Redact] on the CD on [Redact] was not documented. [Redact] is aware the seller paid the recording fees at closing. However, this does not correct the tolerance cure required due to the increase in the borrower fee.<br>Buyer Comment (2022-01-28): Executed CD addendum atatched confirms [Redact] in recording fees were seller paid<br>Reviewer Comment (2022-01-21): The change due to the property type supported the increase to [Redact] on the LE dated [Redact]. There was no documentation to support the increase to [Redact] (shown as lender paid) on the CD dated [Redact] that was ultimately 100% paid for by the borrower on the final CD due to a reduction in lender credit.<br>Buyer Comment (2022-01-20): Please see CIC form which confirms this was the result of a change in property type |  | 02/07/2022 |  | 2 C B |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081265 | [Redact} | [Redact} |  | 24735447 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | A valid COC for addition of an Appraisal Review Fee on [Redact] was not found in file. An updated post-close CD disclosing the tolerance cure, a copy of the refund check, proof of delivery and a copy of the letter of explanation sent to the borrower disclosing the changes was not provided. |  |  |  | Reviewer Comment (2022-01-31): Received documentation verifying the addition of the Appraisal Review Fee<br>Buyer Comment (2022-01-28): CDA was required as the CU score was over 2.5. SSR detailing the CU score was recieved [Redact] and the fee increase was disclosed within 3 business days on [Redact]<br>Reviewer Comment (2022-01-21): Received the invoice for the [Redact] Appraisal Review Fee/CDA. Please provide an acceptable Change of Circumstance supporting why the Appraisal Review Fee was not disclosed to the borrower until the CD dated [Redact]. Exception remains.<br>Buyer Comment (2022-01-20): Please see appraisal invoice which confirms this was the result of ordering a CDA | 01/31/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081265 | [Redact} | [Redact} |  | 24735448 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | A valid COC for increased Transfer Tax on [Redact] was not found in file. An updated post-close CD disclosing the tolerance cure, a copy of the refund check, proof of delivery and a copy of the letter of explanation sent to the borrower disclosing the changes was not provided. |  |  |  | Reviewer Comment (2022-02-07): Provided: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD<br>Reviewer Comment (2022-02-03): [Redact] received LOE, corrected CD, copy of refund check, and mailing label. Tracking indicates label was created. Exception will be cured once package is mailed.<br>Buyer Comment (2022-02-03): Please see the redisclosure pkg attached to cure [Redact] for the recording fee and [Redact] for the transfer taxes<br>Reviewer Comment (2022-02-02): [Redact] received [Redact] Rate Lock confirming change in loan amount. Though the overall transfer tax fee of [Redact] was increased due to the change, only [Redact] was being paid by the borrower and [Redact] was paid by others. Then on [Redact] the borrower paid amount increased to [Redact] ([Redact] paid by others was removed). 0% tolerance fees are analyzed on a fee-by-fee basis to determine if the "borrower paid" portion increased above tolerance without a valid changed circumstance. The portion paid by other on the [Redact] increase in overall transfer tax is thus not included in the tolerance testing of this individual fee, only the "borrower portion" is tested. We are missing a valid changed circumstance for the [Redact] increase in cost to borrower on this fee. Provide a valid changed circumstance or cure is due with Corrected CD, LOE to borrower, copy of refund check and proof of mailing.<br>Buyer Comment (2022-02-01): Please see attached<br>Buyer Comment (2022-02-01): Hello, this shows it is in our court but there is no addtl push back or comment from [Redact] as to why. Can you please provide more information?<br>Buyer Comment (2022-01-28): Executed CD addendum atatched confirms [Redact] in transfer taxes were seller paid<br>Reviewer Comment (2022-01-21): The Mortgage Amount increased to [Redact] with the CD dated [Redact]. The borrower of the Transfer Tax on the CD dated [Redact] did not increase with the mortgage amount as the borrower portion was reflected as [Redact] with [Redact] as paid by "other". The increase in TT to the borrower in the amount of [Redact] did not take place until the CD dated [Redact]. The increase was not within the allowable time frame in correlation to the increase in the mortgage amount on [Redact].<br>Buyer Comment (2022-01-20): The transfer tax increased on [Redact] after the appraisal was received and changes were made to the loan amount. This is a valid CIC which was disclosed in good faith in required timeframe per TRID |  | 02/07/2022 |  | 2 C B |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081266 | [Redact} | [Redact} |  | 24735453 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The appraisal was sent to borrower on [Redact] and loan closed on [Redact]. No waiver was signed and copy of appraisal not provided prior to 3 days before closing. |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081267 | [Redact} | [Redact} |  | 24735455 |  | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | The H-8 was used vs H9 |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081291 | [Redact} | [Redact} |  | 24735528 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Older Than 30 days When Provided to Borrower | RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations was older than 30 days when provided to borrower. | The List of Homeownership Counseling Organizations provided to the Borrower dated [Redact] reflected a the list updated on [Redact], greater than 30 days old. |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081291 | [Redact} | [Redact} |  | 24735529 |  | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. |  |  |  |  |  | Reviewer Comment (2022-02-04): FTP provided. Exception cleared.<br>Buyer Comment (2022-02-03): [Redact]: See attachment. | 02/04/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081295 | [Redact} | [Redact} |  | 24735536 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | A valid COC for increased Appraisal Fee on [Redact] was not found in file. An updated post-close CD disclosing the tolerance cure, a copy of the refund check, proof of delivery and a copy of the letter of explanation sent to the borrower disclosing the changes was not provided. |  |  |  | Reviewer Comment (2022-01-18): [Redact] received valid COC dated [Redact].<br>Buyer Comment (2022-01-18): Please see attached CIC for the increase to the appraisal fee. | 01/18/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081313 | [Redact} | [Redact} |  | 24735586 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redact] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. |  |  |  |  |  |  |  |  | 2 B |  | [Redact} | Second Home | Purchase | Good Faith Redisclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081326 | [Redact} | [Redact} |  | 24735617 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redact] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | Borrower is escrowing Flood Insurance and estimate was not included in Homeowner's Insurance Section. Per CPFB, any item used to insure or prevent loss from damage of the subject must be considered in Homeowner's Insurance bucket. |  |  |  |  |  |  |  | 2 B |  | [Redact} | Primary | Purchase | Good Faith Redisclosure C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081326 | [Redact} | [Redact} |  | 24735618 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [Redact] is less than amount of binding Lender Credit previously disclosed in the amount of [Redact]. | A valid change circumstance was not provided for a reduction in lender credits. |  |  |  | Reviewer Comment (2022-01-27): [Redact] received additional information on this specific loan and this specific fee to confirm fee was paid to provider selected by the consumer and can be treated as non-tolerance fee and can be included in lender credit total calculation.<br>Reviewer Comment (2022-01-26): Lender credits are disclosed lump sum amounts on LE and can show as lump sum or specific fee or a combination of both on CD's. Lender credits are being paid to specific fees and not general lump sum credit on the Final CD. Prior LE's reflected lump sum lender credit baseline at [Redact] on the [Redact] LE which did not disclose an Elevation Certificate Fee of [Redact]. As such that fee would not of been included in the lender credit when that baseline was set. Thus the [Redact] allowed lender credit on the SFA TRID Compliance Review Scope (TRID Grid 3.0) sets out the lender credit requirements per the regulations. Final CD omits that fee that was shown as a lender specific credit and is causing the tolerance violation. Regardless that same lender credit totals amount was shown, it did not follow TRID regulation requirements on Lender Credits and cannot be included in the lender credit amount. Cure would be required with Corrected CD, LOE to borrower copy of cure refund check to borrower and proof of mailing.<br>Buyer Comment (2022-01-25): Thank you for copying the citation, please see the 1026.19 (e)(3)(iii)-2 official interpretation which states " Differences between the amounts of such charges disclosed under 1026.19(e)(1)(i) and the amounts of such charges paid by or imposed on the consumer do not constitute a lack of good faith, so long as the original estimated charge, or lack of an estimated charge for a particular service, was based on the best information reasonably available to the creditor at the time the disclosure was provided. " We could have no idea an elevation certificate was required unless a survey is performed and such a certificate is available to the homeowner, which shows we disclosed it in good faith when providing a list of services and lack of an estimated charge for a particular service does not constitute a lack of good faith.<br>Reviewer Comment (2022-01-25): Per the lender's request, the requirement for a tolerance cure is calculated at [Redact]. This is due to the addition of the Elevation Certificate not disclosed on the LE and without a valid CofC. <br> Disclosures of services for which the consumer may shop. Section 1026.19(e)(1)(vi)(B) requires the creditor to identify the services for which the consumer is permitted to shop in the disclosures provided pursuant to 1026.19(e)(1)(vii). See 1026.37(f)(3) regarding the content and format for disclosure of services for which the consumer may shop. 1026.19(e)(1) refers to the LE and 1026.37(f)(3) refers to Section C of the LE (see below). Accordingly, fees/services not disclosed in Section C of the LE are no considered services the borrower is permitted to shop for and are therefore not eligible for 10% or unlimited tolerance regardless of the SSPL. Note that even the SSPL refers the borrower to see Section C on page 2 of the LE to determine which fees borrower can shop for. If the fee in question was not disclosed on the LE, the service is not considered shoppable and therefore subject to 0% tolerance. Notwithstanding the above, if the borrower-chosen service provider further outsourced the Elevation Certificate, we would accept an attestation confirming this. Ideally, the attestation would come from the service provider, but if that cannot be obtained, we would accept one from the lender. The attestation should confirm that the service was outsourced by the borrower-chosen provider and can be in the form of a comment on the exception. This attestation would test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected.<br>Buyer Comment (2022-01-24): Can the reviewer please advise the specific dollar amount of the alleged decrease? As previously stated, the Final CD dislcoses a lender credit of [Redact] which matches the amount initially disclosed.<br>Reviewer Comment (2022-01-19): The Specific Lender Credits noted decreased and a new Specific Lender Credit was added without a VCC. (SFA FAQ question 10) Cure is required.<br>Buyer Comment (2022-01-18): [Redact]: The examination fee is a unlimited tolerance fee, and the lender credit is paying all fees except for one that would include Section E fees, we are able to apply this credit when there are no other borrower charges that are applied and the fee being added does not violate any tolerance standards. Please provide regulation stating that we are not allowed to pay with a lender credit required Section C fees.<br>Reviewer Comment (2022-01-14): Title Exam Fee and Title Wire Fee were removed on the final CD, and Title Elevation Certificate fee was added. These changes were not noted in a VCC, Cure is required.<br>Buyer Comment (2022-01-14): [Redact]: The closing disclosure reflects [Redact], which is what was <br> previously promised to the client. | 01/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081326 | [Redact} | [Redact} |  | 24735619 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | Final CD reflects annual HOI fee of [Redact]; however, the HOI Documents show correct annual HOI fee of [Redact]. |  |  |  | Reviewer Comment (2022-02-01): [Redact] received PCCD and LOE; exception is cured.<br>Buyer Comment (2022-02-01): [Redact]: See attachment.<br>Reviewer Comment (2022-01-19): Using the stated tax amount of [Redact] and Hazard Insurance of [Redact], the annual amount of non-escrowed costs would be [Redact]. PCCD shows non-escrowed amount of [Redact]<br>Buyer Comment (2022-01-18): The discounted amount was used for the tax bill of [Redact], this amount added to the HOI matches what we have on the CD.<br>Reviewer Comment (2022-01-14): The annual escrowed costs on page 4 of the final CD do not match the loan file. Annual escrowed costs, per loan file, are as follows: Hazard - [Redact], Tax - [Redact] for a total of [Redact]. Provide PCCD and LOE that reflects the preceding amounts in 10, 11 or 12 month breakouts, or documentation of alternative amounts.<br>Buyer Comment (2022-01-14): [Redact]: it appears that the flood insurance for the subject property was not added into the calculation as it should have been, please add [Redact] to the HOI total, which is the flood insurance minus the [Redact] HIFAA surcharge. |  | 02/01/2022 |  | 2 C B |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217081329 | [Redact} | [Redact} |  | 24735630 |  | Credit | Guideline | Guideline Issue | Guideline | Hazard Insurance Policy expires within 45 days of the Note Date or is already expired. |  | HOI policy expires [Redact]. File is missing updated policy. |  |  |  | Reviewer Comment (2022-01-18): Renewal Hazard insurance policy received, updated and associated. hence exception cleared.<br>Buyer Comment (2022-01-14): [Redact]: Renewal policy attached. | 01/18/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217081329 | [Redact} | [Redact} |  | 24735632 |  | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Primary Appraisal was completed after the final loan approval. |  | Primary Appraisal was completed after the final loan approval. The AUS Appraised Value of [Redact] is less than value of [Redact] on valuation report. |  |  |  | Reviewer Comment (2022-01-18): Updated AUS report received and associated which reflect Appraised value of [Redact].Hence exception cleared.<br>Buyer Comment (2022-01-14): [Redact]: updated aus approval. | 01/18/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217086282 | [Redact} | [Redact} |  | 24765013 |  | Credit | Guideline | Guideline Issue | Guideline | Aged document: Asset Account is more than 120 days prior to the note. |  | Statement end date is [Redact]. |  |  |  | Reviewer Comment (2022-02-22): Seller removed the Life Insurance accounts from qualification. Other assets verified sufficient reserves.<br>Seller Comment (2022-02-17): assets<br>Seller Comment (2022-02-17): DU also states that available assets ARE NOT REQUIRED to be verified per the DU and again, no funds on this cashout refi are required for reserves or to close. Per LD guidelines, AUS determines whether assets are required or not. I will escalate to my management. thank you<br>Reviewer Comment (2022-02-17): As per the AUS we consider the account details for qualifying assets, if it is an active please provide updated statement, Exception Remains<br>Seller Comment (2022-02-16): Please respond to original concern......this is a CASHOUT refinance and no assets are required to close or for reserves as per AUS, which is what is to be used to determine if assets required. Why are you requiring assets to be updated or documented?<br>Reviewer Comment (2022-02-16): Account details are more tan 120 days of note date, so please provide most recent statement, Exception Remains<br>Seller Comment (2022-02-15): please advise why this condition has been included. this is a CASHOUT refinance where no funds were required to come in with at close and minimal funds provided to borower at close. no assets were needed but provided to show borrowers asset strength. provide LD guideline that states assets were required to be provided as AUS clearly shows none required for reserves or to close. thank you | 02/22/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217086283 | [Redact} | [Redact} |  | 24765490 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-02-17): Secondary valuation obtained | 02/17/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217086283 | [Redact} | [Redact} |  | 24765987 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 calendar days of the Note. |  | Verification(s) of employment is not within 10 calendar days of the Note date. |  |  |  | Reviewer Comment (2022-02-23): Received VVOE dated [Redact] is within 10 calendar days of the Note date. Exception cleared.<br>Seller Comment (2022-02-21): copy of VOE | 02/23/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217124790 | [Redact} | [Redact} | [Redact} | 24825787 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-04-19): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-04-18): The Note was delivered via [Redact] [Redact] | 04/19/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217124790 | [Redact} | [Redact} | [Redact} | 24825788 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-04-19): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-04-18): [Redact] | 04/19/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217124790 | [Redact} | [Redact} | [Redact} | 25178164 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Re-Inspection Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-03-29): Sufficient Cure Provided At Closing |  | 03/29/2022 |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217127038 | [Redact} | [Redact} |  | 24827767 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | File contains evidence appraisal report provided is an updated report. Delivery confirmations dated [Redact] is earlier than report date of report located in file. Lender to provide all previous appraisal reports/updates. |  |  |  | Reviewer Comment (2022-02-04): Received original appraisal and appraisal delivery already in file, Exception cleared.<br>Buyer Comment (2022-02-03): [Redact] appraisal | 02/04/2022 |  |  | 1 B A |  | [Redact} | Second Home | Refinance - Rate/Term | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217131597 | [Redact} | [Redact} | [Redact} | 24838659 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-05-04): Waived on Rate Lock: Collateral cleared by Custodian | 05/04/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217131597 | [Redact} | [Redact} | [Redact} | 24838660 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-05-04): Waived on Rate Lock: Collateral cleared by Custodian | 05/04/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217144083 | [Redact} | [Redact} | [Redact} | 24871880 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-04-29): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-04-21): Note Tracking [Redact] | 04/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217144083 | [Redact} | [Redact} | [Redact} | 24871881 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-04-29): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-04-28): Note Tracking [Redact]<br>Seller Comment (2022-04-21): Note Tracking [Redact] | 04/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217144083 | [Redact} | [Redact} | [Redact} | 25311757 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | Total months reserves of 3.73 is less than required reserves of 6.00. The lender appears to have considered the entire [Redact] of net equity from the sale of the departure residence, however, the actual net after closing costs/payoffs was only [Redact]. |  |  |  | Reviewer Comment (2022-04-27): Additional assets provided to support the reserve requirement<br>Seller Comment (2022-04-27): add assets | 04/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217144083 | [Redact} | [Redact} | [Redact} | 25315938 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification of receipt of the updated report was missing from the file. |  |  |  | Buyer Comment (2022-04-21): Waived on Rate Lock: Buyer accepts<br>Seller Comment (2022-04-21): Seller requests buyer review: EV2, please waive. |  |  | 04/21/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217144096 | [Redact} | [Redact} | [Redact} | 24872103 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-03-18): Waived on Rate Lock: Collateral cleared by Custodian | 03/18/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217144096 | [Redact} | [Redact} | [Redact} | 24872104 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-03-18): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-03-18): [Redact] | 03/18/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217144096 | [Redact} | [Redact} | [Redact} | 25061024 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. A cure for [Redact] was provided at closing |  |  |  | Reviewer Comment (2022-03-17): Sufficient Cure Provided At Closing |  | 03/17/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217151026 | [Redact} | [Redact} |  | 24890663 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact]). | Finance Charge disclosed is [Redact]. Calculated finance charge is [Redact]. Variance of [Redact]. Based on review of Lender's compliance report, the subordination request reimbursement fee was not included in finance charge calculation. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission. |  |  |  | Reviewer Comment (2022-04-13): [Redact] received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission.<br>Seller Comment (2022-04-11): New RTCs will be shipped to the borrowers via [Redact] 2day. Borrowers will receive them by 8pm Wednesday so rescission period will be between [Redact] See [Redact] label, LOE to borrower, and updated RTCs attached.<br>Reviewer Comment (2022-04-06): [Redact] received copy of Email chain to borrower to confirm receipt of RTC's. However, the date borrower replied as "Received", is dated [Redact] which is the same date as the RTC's "Cancel By Date" ([Redact]). This documentation would not be sufficient to prove borrowers received the RTC's within 3 business days of the [Redact] cancel by date. Must provide sufficient proof of correct reopening of rescission with all borrowers proof of receipt of RTC's within 3 business days of the "Cancel by date". Unable to clear.<br>Seller Comment (2022-04-04): Please see confirmation email attached.<br>Reviewer Comment (2022-03-30): RTC received, please provide documentation that the RTC was delivered. Confirmation of Email receipt or mailing label is required to complete exception.<br>Seller Comment (2022-03-29): See updated RTC and proof of delivery attached<br>Reviewer Comment (2022-03-25): [Redact] received PCCD, LOE, refund check, and proof of mailing. As the transaction is rescindable reopening rescission with proof of delivery is also required.<br>Seller Comment (2022-03-23): Refund Check, LOE, Corrected CD and shipping label attached. |  | 04/13/2022 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217151026 | [Redact} | [Redact} |  | 24890735 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-04-15): Proof of receipt of prelim and final appraisal provided<br>Seller Comment (2022-04-14): Please see Proof of Appraisal delivery through the Appraisal Tracking attached. | 04/15/2022 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217151026 | [Redact} | [Redact} |  | 24903733 |  | Credit | Credit | Credit Documentation | Credit | Missing Document: Subordination Agreement not provided |  | Per the 1008 and DU in file, the HELOC on the subject property was being subordinated. The file was missing a copy of the subordination agreement and a copy of the HELOC Agreement. Note: the final CD shows a payoff on page 3 for the HELOC, however the file is missing a copy of the payoff statement and documentation to verify the HELOC was closed to future advances. If the HELOC was paid in full and not subordinated, provide proof and the condition will be cleared. |  |  |  | Reviewer Comment (2022-03-11): Received copy for subordinate agreement and the copy of HELOC agreement hence cleared the exception<br>Seller Comment (2022-03-09): Subordination Agreement attached | 03/11/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217151026 | [Redact} | [Redact} |  | 24903735 |  | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Missing Document: Note - Subordinate Lien not provided |  | Per the 1008 and DU in file, the HELOC on the subject property was being subordinated. The file was missing a copy of the subordination agreement and a copy of the HELOC Agreement. Note: the final CD shows a payoff on page 3 for the HELOC, however the file is missing a copy of the payoff statement and documentation to verify the HELOC was closed to future advances. If the HELOC was paid in full and not subordinated, provide proof and the condition will be cleared. |  |  |  | Reviewer Comment (2022-03-11): Received copy for subordinate agreement and the copy of HELOC agreement hence cleared the exception<br>Seller Comment (2022-03-09): Note for the Subordinate Lien attached | 03/11/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217151237 | [Redact} | [Redact} | [Redact} | 24879749 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-04-05): Waived on Rate Lock: Collateral cleared by Custodian | 04/05/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217151237 | [Redact} | [Redact} | [Redact} | 24879750 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-04-05): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-04-04): Tracking number: [Redact]<br>Seller Comment (2022-03-30): Seller requests buyer review: EV2, please waive. | 04/05/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217151237 | [Redact} | [Redact} | [Redact} | 25177330 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraiser review fee was last disclosed as [Redact] on LE but disclosed as [Redact] on final CD. File does not contain a valid COC for this fee, cure provided at closing.. |  |  |  | Reviewer Comment (2022-03-29): Sufficient Cure Provided At Closing |  | 03/29/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217151237 | [Redact} | [Redact} | [Redact} | 25177842 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Buyer Comment (2022-03-30): Waived on Rate Lock: Buyer accepts<br>Seller Comment (2022-03-30): Seller requests buyer review: EV2, please waive. |  |  | 03/30/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217151237 | [Redact} | [Redact} | [Redact} | 25177843 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Buyer Comment (2022-03-30): Waived on Rate Lock: Buyer accepts<br>Seller Comment (2022-03-30): Seller requests buyer review: EV2, please waive. |  |  | 03/30/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217151237 | [Redact} | [Redact} | [Redact} | 25177844 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisals were delivered to borrower was not provided. |  |  |  | Buyer Comment (2022-03-30): Waived on Rate Lock: Buyer accepts<br>Seller Comment (2022-03-30): Seller requests buyer review: EV2, please waive. |  |  | 03/30/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217151237 | [Redact} | [Redact} | [Redact} | 25177858 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | The file was missing a copy of the Award/Continuance Letter for the Borrower's pension income of [Redact] |  |  |  | Reviewer Comment (2022-05-12): Documentation provided to support the IRA Distribution income<br>Seller Comment (2022-05-12): see attached income ltr<br>Reviewer Comment (2022-04-26): Additional documentation is required to verify there are 2 separate distribution income sources coming from the retirement account. The letter in file from [Redact] states that the borrower and co-borrower starting [Redact] will be withdrawing [Redact] per month. Clarification is needed to verify if the [Redact] is included in this [Redact] disbursement or if there is a separate disbursement. If it is included in the [Redact] disbursement, the DTI is [Redact], exceeding the [Redact] max DTI per the guides.<br>Reviewer Comment (2022-04-20): A revised 1003 and an additional copy of the 1008 was provided. The file is still missing documentation to support the borrower's income used to qualify. Provide an award letter, tax returns, and/or proof of receipt and verification of continuance. Exception remains<br>Seller Comment (2022-04-20): see attached 1003.1008<br>Reviewer Comment (2022-04-14): please provide the Award/Continuance Letter for the Borrower's pension income of [Redact]. Hence exception remains<br>Seller Comment (2022-04-13): see attached income docs<br>Reviewer Comment (2022-04-01): Documentation provided was for the co-borrower's IRA Distribution income of [Redact] per month used to qualify. The file is still missing documentation to support the [Redact] pension income, disclosed on the final 1003, for the borrower. Exception remains<br>Seller Comment (2022-03-30): see attached uw lox.docs for pension income. | 05/12/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217152492 | [Redact} | [Redact} |  | 24881503 |  | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. |  | The file was missing required asset verification. Per guidelines, assets to be used for down payment, closing costs, debt payoff, and reserves must be seasoned for 60 days or sourced. Lender to provide additional statement. Statement in file dated [Redact]. |  |  |  | Reviewer Comment (2022-02-10): Received November month statement for [Redact] // Account Type: 401(k)/403(b) Account / Account Number: [Redact]. Exception cleared.<br>Buyer Comment (2022-02-09): Bank statement for [Redact]. | 02/10/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217152492 | [Redact} | [Redact} |  | 24881505 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Loan does not appear to meet Tangible Net Benefit requirements. Please provide Tangible Benefit Worksheet. |  |  |  | Reviewer Comment (2022-02-09): Verified the net tangible benefit as Heloc interest rate got lowered. Exception cleared.<br>Buyer Comment (2022-02-08): Borrower is paying off a first and HELOC, one loan (fixed rate). | 02/09/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217152499 | [Redact} | [Redact} |  | 24881538 |  | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [Redact], prior to three (3) business days from transaction date of [Redact]. | Loan was disbursed prior to midnight of third business day after consummation. Lender to re-open recission, provide copy of new right to cancel form, copy of letter of explanation sent to borrower, and proof of delivery. Note: This exception will not be cleared until expiration of new recission period. |  |  |  | Reviewer Comment (2022-02-15): PCCD with updated disbursement date provided.<br>Buyer Comment (2022-02-14): PCCD with corrected disbursement date and LOE to borrower | 02/15/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217152499 | [Redact} | [Redact} |  | 24881539 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower. |  |  |  |  | Reviewer Comment (2022-02-15): Sufficient Cure Provided within 60 Days of Closing |  | 02/15/2022 |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217152500 | [Redact} | [Redact} |  | 24881541 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Insufficient or no cure was provided to the borrower. | 10% tolerance was exceeded by [Redact] due to increase of Title-Settlement/Closing/Escrow, Title-Endorsement, Title-Lender's Title Insurance, Title-Notary, Recording, Title-Courier/Express Mail/Messenger, and Title-Recording Service fees. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-02-15): [Redact] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund check.<br>Buyer Comment (2022-02-14): Settlement Statement that reflects updated fees on PCCD<br>Reviewer Comment (2022-02-14): [Redact] received PCCD,LOE, Refund check and proof of delivery but upon further review Title-courier fee, Title-Endorsement fee, Title Notary fee removed , Title - Recording service fee and Title-Lender Title insurance fee was reduced on PCCD dated [Redact]..Final settlement statement is present in file where only Title-Lender Title insurance fee is same as on PCCD dated [Redact] but for rest of the fee amount not matching .Please provide LOE with corrected CD for same.<br>Buyer Comment (2022-02-11): LOE, PCCD, refund check and tracking<br>Reviewer Comment (2022-02-04): [Redact] upon further Title-Settlement fee, Title-Lender's title insurance, Title-Notary fee, Title Courier/Messenger Fee, Title-Recording service Fee are increases on CD dated [Redact]. However, there is no COC is provided why the fee increases on CD. SO Kindly provide a COC with valid information why the Titles fees increases on CD [Redact] or provide Cure.<br>Buyer Comment (2022-02-03): Please re-evaluate. D0018 is for the COC for the Settlement Fee increase LE dated [Redact]; D0019 &D0020 COC for THE Lender Title Increase on LE dated [Redact] (both); D0022 COC for LE [Redact] Lender Title increase at [Redact]. Final CD dated [Redact] show Lender Title fee at [Redact]. Only fees that appear to have been increased or added on the final CD was Title-Settlement Fee at [Redact], Title - Notary[Redact] & Title - Recording at [Redact] |  | 02/15/2022 |  | 2 C B |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217196711 | [Redact} | [Redact} | [Redact} | 24924758 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-05-10): Waived on Rate Lock: Collateral cleared by Custodian | 05/10/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217196711 | [Redact} | [Redact} | [Redact} | 24924759 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-05-10): Waived on Rate Lock: Collateral cleared by Custodian | 05/10/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217196711 | [Redact} | [Redact} | [Redact} | 25530287 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | 10% fee violation due to an increase in the recording fee. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-05-05): Sufficient Cure Provided At Closing |  | 05/05/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217196711 | [Redact} | [Redact} | [Redact} | 25530297 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-05-09): Secondary valuation obtained | 05/09/2022 |  |  | 1 D A |  | [Redact} | Second Home | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217196724 | [Redact} | [Redact} | [Redact} | 24924798 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-04-11): Waived on Rate Lock: Collateral cleared by Custodian | 04/11/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217196724 | [Redact} | [Redact} | [Redact} | 24924799 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-04-11): Waived on Rate Lock: Collateral cleared by Custodian | 04/11/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217196724 | [Redact} | [Redact} | [Redact} | 25204427 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [Redact] is less than amount of binding Lender Credit previously disclosed in the amount of [Redact]. | Lender Credit last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-04-06): [Redact] received additional information on changed circumstance reasons<br>Seller Comment (2022-04-04): Trailing doc<br>Seller Comment (2022-04-04): On [Redact] there was a CoC to change the loan amount which caused a hit in pricing bringing it to [Redact] and a new CD was disclosed to the borrower. Please see attached CD, CoC, and Lock Confirmation. | 04/06/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217207834 | [Redact} | [Redact} |  | 24950266 |  | Credit | Title | Document Error | Title | There is no dollar amount noted on the title policy. |  | The preliminary title in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  |  |  |  | 03/07/2022 | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217207834 | [Redact} | [Redact} |  | 24950725 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Processing Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Title- Processing fee was not disclosed on loan estimate. Loan file does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, a proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-03-11): [Redact] received PCCD and LOE hence no further action required<br>Seller Comment (2022-03-10): See attached final settlement showing the fee was not charged<br>Seller Comment (2022-03-10): See attached Disclosure Tracking showing the PCCD was delivered to the borrower<br>Seller Comment (2022-03-10): Please see the PCCD showing the fee was not charged | 03/11/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217207834 | [Redact} | [Redact} |  | 24952195 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-03-22): proof of receipt of appraisal provided.<br>Seller Comment (2022-03-21): See uploaded proof of appraisal delivery to borrower<br>Reviewer Comment (2022-03-21): Client to provide clearing docs<br>Reviewer Comment (2022-03-17): Accepted by client | 03/22/2022 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217207834 | [Redact} | [Redact} |  | 24952262 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | Missing mortgage statement for investment property; [Redact]. |  |  |  | Reviewer Comment (2022-03-11): There is no requirement of mortgage statement as there is only insurance and property taxes on the property and no mortgages as per final 1003. Exception clear.<br>Seller Comment (2022-03-10): There is no mortgage on this property. In the original upload there is the insurance that does not show a mortgagee and a property profile that shows there is no lien. | 03/11/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217208206 | [Redact} | [Redact} |  | 24935859 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Transfer Tax Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. Final CD reflects a [Redact] total Lender credit with [Redact] allocated for increase in fees however, lump sum disclosure is missing from docs. |  |  |  | Reviewer Comment (2022-02-22): [Redact] Received PCCD dated [Redact] along with copy of check, Proof of mailing and LOE.<br>Buyer Comment (2022-02-18): LOE to borrower, PCCD issued [Redact], refund check iao [Redact] and [Redact] Tracking (#[Redact]) |  | 02/22/2022 |  | 2 C B |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217208206 | [Redact} | [Redact} |  | 24935860 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | File is missing the rate lock dated same day as reflected on bid tape ([Redact]) - rate lock (D106) dated [Redact] |  |  |  | Reviewer Comment (2022-02-09): Rate Lock document has been received, dated same day as reflected on bid tape ([Redact]). Exception cleared.<br>Buyer Comment (2022-02-08): Please add an exception for missing full 24 mo rental history. Current VOR [Redact]. Previous VOR via Credit Report from [Redact]. Missing VOR or LOX from [Redact].<br>Buyer Comment (2022-02-08): Rate Lock | 02/09/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217208206 | [Redact} | [Redact} |  | 24935861 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Appraisal re- inspection fee Fee was last disclosed as [Redact] Final Closing Disclosure. Final CD reflects a [Redact] total Lender credit with [Redact] allocated for increase in fees however, lump sum disclosure is missing from docs. COC provided on [Redact] but was due on [Redact] and therefore not provided within 3 business days as required. |  |  |  | Reviewer Comment (2022-02-22): [Redact] Sufficient cure provided at closing.<br>Buyer Comment (2022-02-18): Please see uploaded cure documentation for transfer taxes. Please clear appraisal reinspection - cured at closing<br>Reviewer Comment (2022-02-10): [Redact] - Cure provided at closing is not sufficient to cure all open 0% exceptions. (Transfer Taxes) increased on [Redact] LE to [Redact] & there is no valid COC in file. Exception will be cleared once resolution is received on all open 0% exceptions.<br>Buyer Comment (2022-02-09): Please re-evaluate. Lender cured the [Redact] at closing per the final CD section J. | 02/22/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217208206 | [Redact} | [Redact} |  | 24935862 |  | Credit | Credit | Credit Documentation | Credit | Insufficient Verification of Rental History. |  | New Exception as a result of new Information. As per [Redact] guidelines, A minimum of twenty-four (24) months verified housing history is required . As per current VOR, rental history is verified for 8 months from [Redact] to [Redact]. Per Credit Report, rental history is verified for 15 months from [Redact] to [Redact]. Please provide housing history documentation from [Redact] to [Redact]. |  |  |  | Reviewer Comment (2022-02-17): Received Letter of explanation from [Redact] to [Redact] for verifying housing history, Exception cleared.<br>Buyer Comment (2022-02-16): Lender Response: "Please see attached VOR letter stating that the borrowers stayed rent free from [Redact], this letter covers the dates of [Redact]." LOE uploaded. | 02/17/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217208211 | [Redact} | [Redact} |  | 24935894 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redact] not received by borrower at least four (4) business days prior to closing. | Missing proof of delivery to the Borrower(s) that Revised Loan Estimate (LE) issued [Redact] was received timely at least four (4) business days prior to closing. |  |  |  | Reviewer Comment (2022-02-18): [Redact] received proof of receipt of Initial LE<br>Buyer Comment (2022-02-17): Esigned [Redact] LE<br>Buyer Comment (2022-02-17): Full disclosure tracking<br>Reviewer Comment (2022-02-08): [Redact] received disclosure summary however it is not indicated it was the LE that was sent. Please provide documentation indicating the documents received [Redact]<br>Buyer Comment (2022-02-07): Proof of delivery | 02/18/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | No Defined Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217208211 | [Redact} | [Redact} |  | 24935895 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | Missing Secondary valuation for Securitization required for [Redact] Loan since LCA Score > 2.5 |  |  |  | Reviewer Comment (2022-02-07): Received CDA with value to appraisal Value 0.0%, Exception cleared.<br>Buyer Comment (2022-02-04): CDA attached | 02/07/2022 |  |  | 1 D A |  | [Redact} | Primary | Refinance - Cash-out - Other | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217211408 | [Redact} | [Redact} | [Redact} | 24938823 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-04-08): Waived on Rate Lock: Collateral cleared by Custodian | 04/08/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217211408 | [Redact} | [Redact} | [Redact} | 24938824 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-04-08): Waived on Rate Lock: Collateral cleared by Custodian | 04/08/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217211408 | [Redact} | [Redact} | [Redact} | 25225925 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Lender to provide a breakdown of the property expenses totaling [Redact] for [Redact], as well as evidence of the property taxes for this REO. The taxes provided appear to be for the entire building, and the property history report shows no taxes required. Please provide breakdown of PITIA used. |  |  |  | Reviewer Comment (2022-04-14): Documentation provided to verify the lender's calculated property tax amount | 04/14/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217211408 | [Redact} | [Redact} | [Redact} | 25315169 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | Documentation provided to verify the lender's calculated property tax amount; however the DTI of [Redact] exceeds the guideline max of [Redact]. The difference is due to the lender qualified with HOA dues for the REO located at [Redact] as [Redact] annually, but the HOA information in file verified the dues were [Redact] per month. |  |  |  | Reviewer Comment (2022-04-26): B2's income has been updated by the lender, appropriate add back for business use of home considered. Exception cleared.<br>Seller Comment (2022-04-25): (Rate Lock) AUS<br>Seller Comment (2022-04-25): (Rate Lock) Per UW- The DTI on this file should be [Redact]. I have attached the updated 1008 and AUS to show this. I updated the HOA dues on the property in question during the initial suspense by investor. In doing this it did cause DTI to go above [Redact]. However, I was able to recalculate the B2 income as we were initially using a very conservative calculation. By doing this is kept our DTI below [Redact]. I have gone over the figures manually just to be sure we are good and we should be fine. Total liability is [Redact] and total income is [Redact] = [Redact]<br>See the attached 1008 / AUS / and recalculation of income for B2.<br>Also if it helps we are also taking a conservative approach to B1 income by doing a 2 year average. LPA allows us to use 1 year since the business has been in existence for 5 or more years so if we have to I can raiser her income as well based on most recent tax returns. That would drop the DTI even further | 04/26/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217211408 | [Redact} | [Redact} | [Redact} | 25315182 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Condition will be cleared when general QM conditions are cleared. |  |  |  | Reviewer Comment (2022-04-26): B2's income has been updated by the lender, appropriate add back for business use of home considered. Exception cleared.<br>Seller Comment (2022-04-25): (Rate Lock) AUS<br>Seller Comment (2022-04-25): (Rate Lock) Per UW- The DTI on this file should be [Redact]. I have attached the updated 1008 and AUS to show this. I updated the HOA dues on the property in question during the initial suspense by investor. In doing this it did cause DTI to go above [Redact]. However, I was able to recalculate the B2 income as we were initially using a very conservative calculation. By doing this is kept our DTI below [Redact]. I have gone over the figures manually just to be sure we are good and we should be fine. Total liability is [Redact] and total income is [Redact] = [Redact]<br>See the attached 1008 / AUS / and recalculation of income for B2.<br>Also if it helps we are also taking a conservative approach to B1 income by doing a 2 year average. LPA allows us to use 1 year since the business has been in existence for 5 or more years so if we have to I can raiser her income as well based on most recent tax returns. That would drop the DTI even further | 04/26/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217211408 | [Redact} | [Redact} | [Redact} | 25315183 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | Documentation provided to verify the lender's calculated property tax amount; however the DTI of [Redact] exceeds the guideline max of [Redact]. The difference is due to the lender qualified with HOA dues for the REO located at [Redact] as [Redact] annually, but the HOA information in file verified the dues were [Redact] per month. |  |  |  | Reviewer Comment (2022-04-26): B2's income has been updated by the lender, appropriate add back for business use of home considered. Exception cleared.<br>Seller Comment (2022-04-25): (Rate Lock) AUS<br>Seller Comment (2022-04-25): (Rate Lock) Per UW- The DTI on this file should be [Redact]. I have attached the updated 1008 and AUS to show this. I updated the HOA dues on the property in question during the initial suspense by investor. In doing this it did cause DTI to go above [Redact]. However, I was able to recalculate the B2 income as we were initially using a very conservative calculation. By doing this is kept our DTI below [Redact]. I have gone over the figures manually just to be sure we are good and we should be fine. Total liability is [Redact] and total income is [Redact] = [Redact]<br>See the attached 1008 / AUS / and recalculation of income for B2.<br>Also if it helps we are also taking a conservative approach to B1 income by doing a 2 year average. LPA allows us to use 1 year since the business has been in existence for 5 or more years so if we have to I can raiser her income as well based on most recent tax returns. That would drop the DTI even further | 04/26/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217211408 | [Redact} | [Redact} | [Redact} | 25315198 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Documentation provided to verify the lender's calculated property tax amount; however the DTI of [Redact] exceeds the guideline max of [Redact]. The difference is due to the lender qualified with HOA dues for the REO located at [Redact] as [Redact] annually, but the HOA information in file verified the dues were [Redact] per month. |  |  |  | Reviewer Comment (2022-04-26): B2's income has been updated by the lender, appropriate add back for business use of home considered. Exception cleared.<br>Seller Comment (2022-04-25): (Rate Lock) AUS<br>Seller Comment (2022-04-25): (Rate Lock) Per UW- The DTI on this file should be [Redact]. I have attached the updated 1008 and AUS to show this. I updated the HOA dues on the property in question during the initial suspense by investor. In doing this it did cause DTI to go above [Redact]. However, I was able to recalculate the B2 income as we were initially using a very conservative calculation. By doing this is kept our DTI below [Redact]. I have gone over the figures manually just to be sure we are good and we should be fine. Total liability is [Redact] and total income is [Redact] = [Redact]<br>See the attached 1008 / AUS / and recalculation of income for B2.<br>Also if it helps we are also taking a conservative approach to B1 income by doing a 2 year average. LPA allows us to use 1 year since the business has been in existence for 5 or more years so if we have to I can raiser her income as well based on most recent tax returns. That would drop the DTI even further | 04/26/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217218192 | [Redact} | [Redact} |  | 24949674 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-03-11): Secondary valuation obtained | 03/11/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217238792 | [Redact} | [Redact} | [Redact} | 25001415 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-04-06): Waived on Rate Lock: Collateral cleared by Custodian | 04/06/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217238792 | [Redact} | [Redact} | [Redact} | 25001416 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-04-06): Waived on Rate Lock: Collateral cleared by Custodian | 04/06/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217244219 | [Redact} | [Redact} |  | 25011077 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | The file was missing a copy of the required fraud report including all interested parties to the transaction. Provide a fraud report to include the borrowers, seller, listing and selling agents, the appraiser, and the loan originator, as required by the guidelines. |  |  |  | Reviewer Comment (2022-02-15): Fraud Report has been received. Exception cleared.<br>Buyer Comment (2022-02-14): Fraud Report was provided. Please clear. | 02/15/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217244219 | [Redact} | [Redact} |  | 25011078 |  | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file |  | The file was missing a copy of the required fraud report including all interested parties to the transaction. Provide a fraud report to include the borrowers, seller, listing and selling agents, the appraiser, and the loan originator, as required by the guidelines. |  |  |  | Reviewer Comment (2022-02-15): Fraud Report has been received. Exception cleared.<br>Buyer Comment (2022-02-14): Fraud Report was provided. Please clear. | 02/15/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217244219 | [Redact} | [Redact} |  | 25011079 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | Tax transcripts are required with all loans. Lender to provide tax transcripts for most recent two years. |  |  |  | Reviewer Comment (2022-03-03): Received Tax Transcripts (1040) for year 2019 and 2020. Exception cleared.<br>Buyer Comment (2022-03-02): 2019 & 2020 Tax Transcripts | 03/03/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217244219 | [Redact} | [Redact} |  | 25011081 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [Redact] is less than amount of binding Lender Credit previously disclosed in the amount of [Redact]. | Lender Credits Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-02-15): Upon further review lender credit correctly disclosed to consumer.<br>Buyer Comment (2022-02-14): Please re-review Please see page [D0261] CD issued [Redact] disclosed a Lender Credit of [Redact]. | 02/15/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217244219 | [Redact} | [Redact} |  | 25011082 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Endorsement Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Endorsement Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-02-11): Sufficient Cure Provided At Closing |  | 02/11/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217244219 | [Redact} | [Redact} |  | 25011083 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated Available for Reserves of 10.75 months is less than Guideline Available for Reserves of 12 months. | Borrower has verified disposable income of at least [Redact].<br>Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. | [Redact]<br>20% down | SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2022-02-28): Client elects to waive with compensating factors. |  |  | 02/28/2022 | 2 C B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217245772 | [Redact} | [Redact} | [Redact} | 25016181 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-05-10): Waived on Rate Lock: Collateral cleared by Custodian | 05/10/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217245772 | [Redact} | [Redact} | [Redact} | 25016182 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-05-10): Waived on Rate Lock: Collateral cleared by Custodian | 05/10/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217245772 | [Redact} | [Redact} | [Redact} | 25530394 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Credit report fee was last disclosed as [Redact] on the LE, but was disclosed as [Redact] on the final CD. No valid COC was provided for this change, cure provided at closing. |  |  |  | Reviewer Comment (2022-05-05): Sufficient Cure Provided At Closing |  | 05/05/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217245772 | [Redact} | [Redact} | [Redact} | 25533073 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided |  | The file was missing the complete AUS. The complete page 1 with findings #1-3 that show the reason for ineligibility was missing from the file. Please provide the complete AUS, with all appropriate messaging listed. AUS must be ineligible for loan amount only. |  |  |  | Reviewer Comment (2022-05-10): Received AUS with legible pages. Exception cleared.<br>Seller Comment (2022-05-09): [Redact] please see attached, please clear thank you<br>Reviewer Comment (2022-05-06): An additional copy of the AUS provided in the initial file was received. The top of page 2 of the AUS is illegible and is required to determine the reason the rating is approve/ineligible is due to the loan amount only. Provide a legible copy of the AUS. Condition remains<br>Seller Comment (2022-05-06): [Redact] see attached which was included in the original package, please rescind, thank you! | 05/10/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217254603 | [Redact} | [Redact} | [Redact} | 25030735 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-05-03): Waived on Rate Lock: Collateral cleared by Custodian | 05/03/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217254603 | [Redact} | [Redact} | [Redact} | 25030736 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-05-03): Waived on Rate Lock: Collateral cleared by Custodian | 05/03/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217255031 | [Redact} | [Redact} | [Redact} | 25036696 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-05-18): Waived on Rate Lock: Collateral cleared by Custodian | 05/18/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217255031 | [Redact} | [Redact} | [Redact} | 25036697 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-05-18): Waived on Rate Lock: Collateral cleared by Custodian | 05/18/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217255031 | [Redact} | [Redact} | [Redact} | 25587025 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - S-Corp | General QM: Unable to verify S-Corp income using reasonably reliable third-party records. | The file is missing the 2021 YTD P&L. The file contained the 2020 1120S and K1, but there is no income documented for 2021. |  |  |  | Reviewer Comment (2022-05-20): Upon further review, the guidelines defer to the FNMA selling guide and the P&L is not required.<br>Reviewer Comment (2022-05-12): 2021 extension was already in file. The exception is firing due to the fact that there is no income verified for 2021. Unable to determine the self-employment earnings trend. A 2021 P&L is required since the business tax returns were on extension and not available. Condition remains<br>Seller Comment (2022-05-12): (Rate Lock) 2021 extension | 05/20/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217255031 | [Redact} | [Redact} | [Redact} | 25587026 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - S-Corp | General QM: Unable to verify S-Corp income using reasonably reliable third-party records. | The file is missing the 2021 YTD P&L. The file contained the 2020 1120S and K1, but there is no income documented for 2021. |  |  |  | Reviewer Comment (2022-05-20): Upon further review, the guidelines defer to the FNMA selling guide and the P&L is not required.<br>Reviewer Comment (2022-05-12): 2021 extension was already in file. The exception is firing due to the fact that there is no income verified for 2021. Unable to determine the self-employment earnings trend. A 2021 P&L is required since the business tax returns were on extension and not available. Condition remains<br>Seller Comment (2022-05-12): (Rate Lock) 2021 on extension | 05/20/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217255031 | [Redact} | [Redact} | [Redact} | 25587027 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | The Initial Escrow Payment at Closing disclosed on the post-close CD did not match the Initial Deposit disclosed on the Initial Escrow Account Disclosure Statement. |  |  |  | Reviewer Comment (2022-05-25): Revised IEAD provided matching PCCD<br>Seller Comment (2022-05-25): (Rate Lock) IEAD<br>Seller Comment (2022-05-25): (Rate Lock) see attached PCCD removing the fee, IEAD w matching escrows and LOX | 05/25/2022 |  |  | 1 B A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217255031 | [Redact} | [Redact} | [Redact} | 25587255 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-05-20): Upon further review, the guidelines defer to the FNMA selling guide and the P&L is not required. | 05/20/2022 |  |  | 1 B A C |  | [Redact} | Second Home | Purchase | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217255031 | [Redact} | [Redact} | [Redact} | 25587256 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact]). | Finance Charge disclosed is [Redact]. Calculated finance charge is [Redact]. Variance of [Redact]. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for under-disclosed amount, Corrected CD, and Re-open Rescission if Applicable. Note: the violation is due to the addition of the [Redact] Extension Fee first disclosed on the post-close CD. |  |  |  | Reviewer Comment (2022-05-25): [Redact] received PCCD and attestation indicating borrower not charged for extension fee and removing fee.<br>Seller Comment (2022-05-25): (Rate Lock) IEAD<br>Seller Comment (2022-05-25): (Rate Lock) see attached PCCD removing the fee, IEAD w matching escrows and LOX<br>Reviewer Comment (2022-05-23): [Redact] received LOE from lender and copy of disbursement sheet which states the [Redact] rate lock extension shown on the Corrected CD issued [Redact] was not charged to borrower. A corrected CD which removes the rate lock extension fee which borrower was not charged, LOE to borrower and copy of Final settlement statement which confirms no rate lock extension fee charged borrower should be provided to correct fee disclosure top borrower.<br>Seller Comment (2022-05-19): (Rate Lock) See attached | 05/25/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217255031 | [Redact} | [Redact} | [Redact} | 25587257 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [Redact]). | Total of payments disclosed on Final CD is [Redact]. Calculated Total of payments is [Redact]. Finance Charges is under-disclosed by [Redact]. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for under-disclosed amount, Corrected CD, and Re-open Rescission if Applicable. Note: the violation is due to the addition of the [Redact] Extension Fee first disclosed on the post-close CD. |  |  |  | Reviewer Comment (2022-05-25): [Redact] received PCCD and attestation indicating borrower not charged for extension fee and removing fee.<br>Seller Comment (2022-05-25): (Rate Lock) IEAD<br>Seller Comment (2022-05-25): (Rate Lock) see attached PCCD removing the fee, IEAD w matching escrows and LOX<br>Reviewer Comment (2022-05-23): [Redact] received LOE from lender and copy of disbursement sheet which states the [Redact] rate lock extension shown on the Corrected CD issued [Redact] was not charged to borrower. A corrected CD which removes the rate lock extension fee which borrower was not charged, LOE to borrower and copy of Final settlement statement which confirms no rate lock extension fee charged borrower should be provided to correct fee disclosure top borrower.<br>Seller Comment (2022-05-19): (Rate Lock) See attached | 05/25/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217255031 | [Redact} | [Redact} | [Redact} | 25587258 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Extension Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Extension Fee was not disclosed on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. Note: the fee was added to the PCCD and was not disclosed on the final CD. A COC is not acceptable since the fee was first disclosed on the PCCD and a cure is required. |  |  |  | Reviewer Comment (2022-05-25): Sufficient cure provided at closing.<br>Seller Comment (2022-05-25): (Rate Lock) IEAD<br>Seller Comment (2022-05-25): (Rate Lock) see attached PCCD removing the fee, IEAD w matching escrows and LOX<br>Reviewer Comment (2022-05-20): "[Redact] extension fee was added after closing on PCCD dated [Redact]. Fee added after closing is not acceptable so cure is due to the borrower. So please provided cure in order to clear this exception.<br>Seller Comment (2022-05-19): (Rate Lock) See attached | 05/25/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217255031 | [Redact} | [Redact} | [Redact} | 25587259 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Abstract / Title Search. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Abstract / Title Search was not disclosed on LE but disclosed as [Redact] on Final Closing Disclosure. A cure was provided on the final CD and this condition will be cured when the other tolerance violations are addressed. |  |  |  | Reviewer Comment (2022-05-25): Sufficient cure provided at closing.<br>Seller Comment (2022-05-25): (Rate Lock) IEAD<br>Seller Comment (2022-05-25): (Rate Lock) see attached PCCD removing the fee, IEAD w matching escrows and LOX<br>Reviewer Comment (2022-05-20): [Redact] exception will be cleared once we received any resolution/cure for other cited exceptions.: Cure provided at closing is insufficient to cure for all the citing (additional exception) exception. Exception remains.<br>Seller Comment (2022-05-19): (Rate Lock) See attached<br>Reviewer Comment (2022-05-12): As identified in the initial comments, when the other tolerance violations are cured/cleared, this condition will be cured.<br>Seller Comment (2022-05-12): (Rate Lock) Cured at close with lender credit | 05/25/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217255031 | [Redact} | [Redact} | [Redact} | 25681656 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 business tax returns. Evidence of extension provided in file for 2021. The file contained a copy of the 2020 business returns. |  |  |  | Buyer Comment (2022-05-20): Waived on Rate Lock: Buyer accepts |  |  | 05/20/2022 | 2 B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217255031 | [Redact} | [Redact} | [Redact} | 25681657 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 business tax returns. Evidence of extension provided in file for 2021. The file contained a copy of the 2020 and 2019 business returns. |  |  |  | Buyer Comment (2022-05-20): Waived on Rate Lock: Buyer accepts |  |  | 05/20/2022 | 2 B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217255031 | [Redact} | [Redact} | [Redact} | 25756288 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Abstract / Title Search. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. |  |  |  | Reviewer Comment (2022-05-25): Sufficient Cure Provided At Closing |  | 05/25/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217272468 | [Redact} | [Redact} |  | 25074205 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of ___ is greater than Guideline total cash-out of ___. | Per the Final CD total cash out is [Redact], which includes cash back to the borrower of [Redact] and the payoff of a Non Purchase Money Home Equity loan in the amount of [Redact]. Per guidelines total cash out can not exceed [Redact]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower has verified disposable income of at least [Redact]. | 26.81 mo actual vs 18 mo min<br>33 years actual vs 5 yrs min<br>[Redact] actual vs [Redact] min | SitusAMC<br>SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2022-03-07): Buyer exception received to waive for compensating factors: Reserves, residual income and length of time in LOB.<br>Buyer Comment (2022-03-04): Exception from [Redact] attached<br>Reviewer Comment (2022-03-04): There is no new document received in the file. Exception remains.<br>Buyer Comment (2022-03-03): Exception from [Redact] for cash-out of [Redact]. |  |  | 03/07/2022 | 2 C B |  | [Redact} | Second Home | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217280230 | [Redact} | [Redact} | [Redact} | 25085626 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-04-28): Waived on Rate Lock: Collateral cleared by Custodian | 04/28/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217280230 | [Redact} | [Redact} | [Redact} | 25085627 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-04-28): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-04-27): Collateral tracking: [Redact] | 04/28/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217280230 | [Redact} | [Redact} | [Redact} | 25453818 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-04-27): Seller provided documentation and clarification regarding the PITIA of the investment properties. The PITIA disclosed on the documentation were not in [Redact] and the properties are located in [Redact]. After using the conversion rate, the PITIA disclosed on the 1003 was verified and the DTI is within the allowable guideline requirements.<br>Seller Comment (2022-04-26): Loan is NOT QM failure. DTI is within lending tolerances. The properties listed above are located not in the [Redact], but in [Redact]. These three properties have mortgages secured by [Redact] creditors. This is confirmed through payment coupons and mortgage ratings reflecting [Redact] dollars vs. [Redact] dollars. Mortgage payments were converted to [Redact], so the liability data is accurate with the rest of the [Redact] calculations. One [Redact] dollar is equivalent to 0.8 [Redact] dollars. I ask that you please clear and/or waive this from the suspense notice. Thank you. | 04/27/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217280230 | [Redact} | [Redact} | [Redact} | 25453846 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact]). | Finance Charge disclosed is [Redact]. Calculated finance charge is [Redact]. Variance of [Redact]. Compliance Report reflects Title - Transaction Management Fee of [Redact] was not included in finance charges. . TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable. |  |  |  | Reviewer Comment (2022-05-04): [Redact] received PCCD within 60 days of consummation correcting fees.<br>Seller Comment (2022-05-02): Please see the attached PCCD | 05/04/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217280230 | [Redact} | [Redact} | [Redact} | 25454796 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. |  |  |  |  | Reviewer Comment (2022-04-27): Seller provided documentation and clarification regarding the PITIA of the investment properties. The PITIA disclosed on the documentation were not in [Redact] and the properties are located in [Redact]. After using the conversion rate, the PITIA disclosed on the 1003 was verified and the DTI is within the allowable guideline requirements.<br>Seller Comment (2022-04-26): Good afternoon. The properties listed above are located not in the [Redact], but in [Redact]. These three properties have mortgages secured by [Redact] creditors. This is confirmed through payment coupons and mortgage ratings reflecting [Redact] dollars vs. [Redact] dollars. Mortgage payments were converted to [Redact], so the liability data is accurate with the rest of the [Redact] calculations. One [Redact] dollar is equivalent to 0.8 [Redact] dollars. I ask that you please clear and/or waive this from the suspense notice. Thank you. | 04/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217280230 | [Redact} | [Redact} | [Redact} | 25454939 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | DTI exceeds maximum of [Redact] due variances in Mortgage payments for [Redact], [Redact] and [Redact]. Mortgage Statements in the file verified a higher PITI for these properties than listed on the final 1003. |  |  |  | Reviewer Comment (2022-04-27): Seller provided documentation and clarification regarding the PITIA of the investment properties. The PITIA disclosed on the documentation were not in [Redact] and the properties are located in [Redact]. After using the conversion rate, the PITIA disclosed on the 1003 was verified and the DTI is within the allowable guideline requirements.<br>Seller Comment (2022-04-26): Good afternoon. The properties listed above are located not in the [Redact], but in [Redact]. These three properties have mortgages secured by [Redact] creditors. This is confirmed through payment coupons and mortgage ratings reflecting [Redact] dollars vs. [Redact] dollars. Mortgage payments were converted to [Redact], so the liability data is accurate with the rest of the [Redact] calculations. One [Redact] dollar is equivalent to 0.8 [Redact] dollars. I ask that you please clear and/or waive this from the suspense notice. Thank you. | 04/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217280230 | [Redact} | [Redact} | [Redact} | 25454959 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | DTI exceeds maximum of [Redact] due variances in Mortgage payments for [Redact], [Redact] and [Redact]. Mortgage Statements in the file verified a higher PITI for these properties than listed on the final 1003. |  |  |  | Reviewer Comment (2022-04-27): Seller provided documentation and clarification regarding the PITIA of the investment properties. The PITIA disclosed on the documentation were not in [Redact] and the properties are located in [Redact]. After using the conversion rate, the PITIA disclosed on the 1003 was verified and the DTI is within the allowable guideline requirements.<br>Seller Comment (2022-04-26): Good afternoon. The properties listed above are located not in the [Redact], but in [Redact]. These three properties have mortgages secured by [Redact] creditors. This is confirmed through payment coupons and mortgage ratings reflecting [Redact] dollars vs. [Redact] dollars. Mortgage payments were converted to [Redact], so the liability data is accurate with the rest of the [Redact] calculations. One [Redact] dollar is equivalent to 0.8 [Redact] dollars. I ask that you please clear and/or waive this from the suspense notice. Thank you. | 04/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217280230 | [Redact} | [Redact} | [Redact} | 25454960 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The final CD disclosed the Amount of Total Property Costs over Year 1 as [Redact] on page 4; however the annual taxes ([Redact]) and Insurance ([Redact]) are [Redact] per year. Final CD reflects Estimated Taxes, Insurance & Assessments of [Redact] monthly, correct amount is [Redact]. Provide a post-close CD correcting on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-05-03): [Redact] received Letter of Explanation & Corrected Closing Disclosure<br>Seller Comment (2022-05-02): Please see the attached PCCD |  | 05/03/2022 |  | 2 B |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217301015 | [Redact} | [Redact} | [Redact} | 25120067 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-04-22): Waived on Rate Lock: Collateral cleared by Custodian | 04/22/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217301015 | [Redact} | [Redact} | [Redact} | 25120068 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-04-22): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-04-21): [Redact] | 04/22/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217350544 | [Redact} | [Redact} | [Redact} | 25173848 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-01): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-05-27): [Redact] | 06/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217350544 | [Redact} | [Redact} | [Redact} | 25173849 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-01): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-05-27): [Redact] | 06/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217350544 | [Redact} | [Redact} | [Redact} | 25730739 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Reinspection Fee was not disclosed on the LE, but was disclosed as [Redact] on the final CD. No valid COC was provided for this change, cure provided at closing. |  |  |  | Reviewer Comment (2022-05-24): Sufficient Cure Provided At Closing |  | 05/24/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217361475 | [Redact} | [Redact} |  | 25199335 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-03-23): All QM related exceptions have been addressed. | 03/23/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217361479 | [Redact} | [Redact} |  | 25199338 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. | List of Homeownership Counseling Organizations were not provided to applicant within three days of the application date of [Redact], |  |  |  | Reviewer Comment (2022-03-17): Received List of Housing Counseling Organizations dated [Redact], Exception cleared.<br>Buyer Comment (2022-03-16): Memo/LOE, [Redact] tracking and e-cert and HCL | 03/17/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217361479 | [Redact} | [Redact} |  | 25199339 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - ECOA Timing | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | The Right to Receive a Copy of the Appraisal Disclosure was not provided to the borrower within three days of the application date of [Redact] |  |  |  | Reviewer Comment (2022-03-17): [Redact] received proof of receipt of Initial LE<br>Buyer Comment (2022-03-16): Memo/LOE, [Redact] tracking and e-cert and appraisal disclosure. Disclosure also encompassed by initial LE. Please clear. | 03/17/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217361479 | [Redact} | [Redact} |  | 25199340 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | LE was not provided to the borrower within three business days of the application date of [Redact] |  |  |  | Reviewer Comment (2022-03-16): [Redact] Received Initial LE.<br>Buyer Comment (2022-03-15): LOE from lender, [Redact] and [Redact] LE's with corresponding [Redact] e-certs | 03/16/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217361480 | [Redact} | [Redact} |  | 25199361 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Settlement Service Provider Status | TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. | The file was missing a copy of the Settlement Service Provider List disclosure provided to the borrower within three business days of the Originator's application date. |  |  |  | Reviewer Comment (2022-03-14): [Redact] received SSPL disclosure | 03/14/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | No Defined Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217361480 | [Redact} | [Redact} |  | 25199363 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-03-14): [Redact] received SSPL disclosure<br>Reviewer Comment (2022-03-09): Cure provided at closing is insufficient to cure the citing. We will clear the exception once we received resolution on the other citing of 10% tolerance. Exception remains as of now.<br>Buyer Comment (2022-03-08): Please cancel. Cure was provided in section J of the final CD, this is an invalid exception | 03/14/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217361480 | [Redact} | [Redact} |  | 25199364 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Insufficient or no cure was provided to the borrower. | 10% tolerance was exceeded by [Redact] due to increase of Title Settlement/Closing/Escrow fee. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-03-14): [Redact] received SSPL disclosure<br>Buyer Comment (2022-03-10): SSPL<br>Reviewer Comment (2022-03-09): [Redact] would request to provide the Settlement Service Providers List to evaluate if the title fees were shoppable or not. KInldy provide the SSPL for further evaluation.<br>Buyer Comment (2022-03-08): Please re-evaluate title fees are shoppable fees. | 03/14/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217361480 | [Redact} | [Redact} |  | 25199365 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure at closing. |  |  |  | Reviewer Comment (2022-03-14): Sufficient Cure Provided At Closing |  | 03/14/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217398774 | [Redact} | [Redact} |  | 25258291 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Re-Draw Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Re-Draw was only disclosed as [Redact] on final closing disclosure but not disclosed LE. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-04-07): Sufficient Cure Provided At Closing |  | 04/07/2022 |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217398774 | [Redact} | [Redact} |  | 25261101 |  | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  |  |  |  | 04/08/2022 | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217398774 | [Redact} | [Redact} |  | 25261274 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. |  | Provide updated VVOE that is within 10 business days of Note for co-borrower. |  |  |  | Reviewer Comment (2022-04-13): VVOE Document received details Updated and Associated, <br> Hence exception clear<br>Seller Comment (2022-04-12): See VVOE within 10 days of Note | 04/13/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217398863 | [Redact} | [Redact} |  | 25252789 |  | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | 3) Hazard insurance coverage of [Redact] is insufficient to cover the estimated cost new of [Redact]; [Redact] shortfall (with 10% extended replacement coverage). Missing replacement cost estimator. |  |  |  | Reviewer Comment (2022-05-10): Replacement cost estimator provided<br>Seller Comment (2022-05-10): Your estimates are above the actual Insurance Carrier RCE see attached. | 05/10/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217398863 | [Redact} | [Redact} |  | 25253293 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Closing Protection Letter Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-04-07): Sufficient Cure Provided At Closing |  | 04/07/2022 |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217398863 | [Redact} | [Redact} |  | 25253299 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-06-14): Client elected to waive the DTI condition with compensating factors.<br>Reviewer Comment (2022-06-10): Exception Detail Updated from: Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | 06/14/2022 |  |  | 1 B A C |  | [Redact} | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217398863 | [Redact} | [Redact} |  | 25253333 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - S-Corp | General QM: Unable to verify S-Corp income using reasonably reliable third-party records. | Missing income documentation to support the borrower's business income. Missing 1040, and/or 1120's, K-1s to support the income reported by the borrower. |  |  |  | Reviewer Comment (2022-06-02): 2021 personal returns provided<br>Seller Comment (2022-06-02): 2021 personal return<br>Reviewer Comment (2022-06-01): The signed and dated business tax returns were provided; however the file is still missing the required signed and dated personal tax returns.<br>Seller Comment (2022-06-01): signed [Redact] and [Redact]<br>Reviewer Comment (2022-04-11): 2021 K1 and 1120S provided; however the 1120S was not signed and dated and the file is still missing a copy of the signed and dated 2021 1040's (personal returns) with all schedules.<br>Seller Comment (2022-04-11): 2021 [Redact] tax Filings K1<br>Seller Comment (2022-04-11): 2021 [Redact] K1 tax filing | 06/02/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217398863 | [Redact} | [Redact} |  | 25253334 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both significantly exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] significantly exceeds the guideline maximum of [Redact]. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | Missing income documentation to support the borrower's business income. Missing 1040, and/or 1120's, K-1s to support the income reported by the borrower. Also missing (for the business debt, for which the borrower is personally liable, that the lender excluded) minimum of 12 months of consecutive canceled checks from the business and cash flow analysis (as supported by the tax returns) of the business takes the payment obligation into consideration. |  |  |  | Reviewer Comment (2022-04-11): 2021 K1 and 1120S provided, resulting in a lower DTI | 04/11/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217398863 | [Redact} | [Redact} |  | 25253487 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Missing income documentation to support the borrower's business income. Missing 1040, and/or 1120's, K-1s to support the income reported by the borrower. Also missing (for the business debt, for which the borrower is personally liable, that the lender excluded) minimum of 12 months of consecutive canceled checks from the business and cash flow analysis (as supported by the tax returns) of the business takes the payment obligation into consideration. | The representative FICO score is above [Redact].<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than or equal to [Redact].<br>Borrower has worked in the same position for more than 3 years.<br>Borrower has verified disposable income of at least [Redact].<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Guidelines Representative FICO: [Redact]; Representative FICO: [Redact]<br>Disposable Income: [Redact]<br>Reserves: 27.95; Guideline Requirement: 6.00 | SitusAMC<br>Aggregator,SitusAMC<br>SitusAMC<br>SitusAMC<br>SitusAMC<br>Aggregator,SitusAMC<br>SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2022-06-14): Client elected to waive the condition with compensating factors.<br>Reviewer Comment (2022-06-13): A revised AUS with a DTI matching the calculated DTI was provided; however this will not clear the condition as the DTI still exceeds the guideline maximum of [Redact]. Condition remains<br>Seller Comment (2022-06-13): AUS with DTI at [Redact]<br>Reviewer Comment (2022-04-11): Exception Explanation Updated from: Calculated investor qualifying total debt ratio of [Redact] exceeds Guideline total debt ratio of [Redact]. |  |  | 06/14/2022 | 2 C B |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217398863 | [Redact} | [Redact} |  | 25253510 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-06-14): Client elected to waive the DTI condition with compensating factors. | 06/14/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217398863 | [Redact} | [Redact} |  | 25259623 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The final CD disclosed the Amount of Total Property Costs over Year 1 as [Redact] on page 4; however the annual taxes ([Redact]), homeowners insurance ([Redact]) and HOA ([Redact]) total are [Redact] per year. Final CD reflects Estimated Taxes, Insurance & Assessments of [Redact] monthly, correct amount is [Redact]. Provide a post-close CD correcting on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-06-15): [Redact] Received PCCD and updated Letter of Explanation with reflecting changes in the estimated Cost over 1 year section.<br>Seller Comment (2022-06-14): LOE and PCCD and proof sent to borrower<br>Reviewer Comment (2022-04-27): [Redact] Received corrected PCCD dated [Redact] with correct property cost however Please provide LOE for the same to cure the exception.<br>Seller Comment (2022-04-26): PCCD |  | 06/15/2022 |  | 2 B |  | [Redact} | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217398863 | [Redact} | [Redact} |  | 25286985 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | 2021 K1 and 1120S provided; however the file is still missing proof, as required by the AUS, to exclude the consumer debts verified on the credit report. The DTI exceeds the guideline max of [Redact]. | The representative FICO score is above [Redact].<br>The representative FICO score exceeds the guideline minimum by at least 40 points.<br>The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.<br>The Loan to Value (LTV) on the loan is less than or equal to [Redact].<br>Borrower has worked in the same position for more than 3 years.<br>Borrower has verified disposable income of at least [Redact].<br>Borrower has been employed in the same industry for more than 5 years.<br>Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | Guidelines Representative FICO: [Redact]; Representative FICO: [Redact]<br>Disposable Income: [Redact]<br>Reserves: 27.95; Guideline Requirement: 6.00 | SitusAMC<br>Aggregator,SitusAMC<br>SitusAMC<br>SitusAMC<br>SitusAMC<br>Aggregator,SitusAMC<br>SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2022-06-14): Client elected to waive the condition with compensating factors. |  |  | 06/14/2022 | 2 B |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217398863 | [Redact} | [Redact} |  | 25287000 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | Upon further review, the file is missing the cash flow analysis for the S-Corp or other documentation verifying the lender's income calculations used to qualify. |  |  |  | Reviewer Comment (2022-06-28): Income calc worksheet provided<br>Seller Comment (2022-06-28): income calculator | 06/28/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217410666 | [Redact} | [Redact} | [Redact} | 25242972 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-05-05): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-05-04): Note tracking-[Redact] #[Redact] | 05/05/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217410666 | [Redact} | [Redact} | [Redact} | 25242973 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-05-05): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-05-04): Note tracking-[Redact] #[Redact] | 05/05/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217410666 | [Redact} | [Redact} | [Redact} | 25513193 |  | Property | Property - Appraisal | Appraisal Data Integrity | Property - Appraisal | Appraiser's license or certification was not active at the time of the appraisal. |  | Missing the appraiser's license to show she was licensed prior to [Redact]. NOTE: the license in the file and appraiser search shows licence expires [Redact]. |  |  |  | Reviewer Comment (2022-05-10): Copy of license in effect at the time of inspection provided<br>Seller Comment (2022-05-10): see attached license dated 2022<br>Reviewer Comment (2022-05-06): An additional copy of the appraisal included in the initial file was provided. The appraiser's license attached to the file shows an effective date of [Redact] and an expiration date of [Redact]; however the effective date of the appraisal is [Redact]. Documentation verifying the appraiser was licensed prior to the effective date is required.<br>Seller Comment (2022-05-06): see attached revised aorsl. | 05/10/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217410666 | [Redact} | [Redact} | [Redact} | 25513254 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-05-03): Sufficient Cure Provided At Closing |  | 05/03/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217410666 | [Redact} | [Redact} | [Redact} | 25516133 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The 2021 personal and business tax returns were not provided. The file contained the 2019/2020 personal tax returns and the 2020 business returns. |  |  |  | Buyer Comment (2022-05-05): Waived on Rate Lock: Buyer accepts<br>Seller Comment (2022-05-04): Seller requests buyer review: EV2, please waive. |  |  | 05/05/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217436123 | [Redact} | [Redact} | [Redact} | 25268713 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-05-13): Waived on Rate Lock: Collateral cleared by Custodian | 05/13/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217436123 | [Redact} | [Redact} | [Redact} | 25268714 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-05-13): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-05-12): [Redact] traCKING NUMBER | 05/13/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217436123 | [Redact} | [Redact} | [Redact} | 25564093 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-05-10): Sufficient Cure Provided At Closing |  | 05/10/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217436123 | [Redact} | [Redact} | [Redact} | 25565636 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Buyer Comment (2022-05-12): Waived on Rate Lock: Buyer accepts<br>Reviewer Comment (2022-05-11): A copy of the preliminary appraisal was provided. The file is still missing proof of the borrower's receipt of the updated appraisal with a report date of [Redact]. Condition remains<br>Seller Comment (2022-05-11): please review highlighted report date of attached appraisal, thanks.<br>Reviewer Comment (2022-05-11): Proof of receipt of appraisal provided identified a receipt date of [Redact]; however the report date for the appraisal in file was [Redact]. Provide a copy of the preliminary appraisal provided on [Redact] to confirm the value did not change AND proof of the borrower's receipt of the updated appraisal on or after [Redact] and prior to consummation. Condition remains<br>Seller Comment (2022-05-11): attached, thanks. |  |  | 05/12/2022 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217454840 | [Redact} | [Redact} |  | 25312212 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-04-14): Sufficient Cure Provided At Closing |  | 04/14/2022 |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217454840 | [Redact} | [Redact} |  | 25312213 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Transfer Tax Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-04-14): Sufficient Cure Provided At Closing |  | 04/14/2022 |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217454840 | [Redact} | [Redact} |  | 25312214 |  | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | RTC disclosed incorrect transaction and/or expiration date. Note: the Mortgage in file verified the notary date as [Redact], resulting in the transaction date used for testing of [Redact]. The NORTC did not provide the borrowers a 3 day rescission. |  |  |  | Reviewer Comment (2022-05-06): LOE, re-opened rescission and proof of receipt was provided<br>Reviewer Comment (2022-05-04): The borrowers acknowledged receipt of the revised NORTC on [Redact]. The NORTC provided was sent [Redact] with an expiration date of [Redact]. Since the borrower did not acknowledge receipt of the NORTC until after the new rescission period expired, a revised NORTC is required. Note: the revised NORTC should identify the expiration date based on the borrowers receipt/acknowledgement and give the required 3 day recession period. Exception remains<br>Reviewer Comment (2022-05-02): Received copy of RTC but it was not signed by the borrower, Exception remains.<br>Seller Comment (2022-04-27): copy of RTC , LOE and proof of e-mail RTC sent to the borrower [Redact] |  | 05/06/2022 |  | 2 C B |  | [Redact} | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217454843 | [Redact} | [Redact} |  | 25311221 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-04-18): Secondary valuation obtained | 04/18/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D B A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217454843 | [Redact} | [Redact} |  | 25311588 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-04-27): Client elected to waive the condition<br>Reviewer Comment (2022-04-27): Documentation provided disclosed a hard copy was mailed to the borrower on [Redact], based on the 3 day mail rule the appraisal is assumed to have been received on [Redact] which is less than 3 business days from the consummation date. The file did not contain a waiver executed by the borrower waiving the right to received the appraisal at least 3 business days from consummation. The documentation also shows the appraisal was emailed on [Redact]; however the email address the appraisal was sent to was an email address of the lenders and not to the borrower. Exception is valid and remains open.<br>Seller Comment (2022-04-27): Please refer back to appraisal tracking. Copy of appraisal was emailed [Redact]. Consummation date is [Redact] so even if you use the [Redact] date, it is still at least 3 business days before consummation. Please clear.<br>Reviewer Comment (2022-04-22): As per provided appraisal tracking the appraisal was received by borrower on [Redact]. Exception remains.<br>Seller Comment (2022-04-21): Please see appraisal tracking attached. |  |  | 04/27/2022 | 2 B |  | [Redact} | Primary | Purchase | D B A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217454843 | [Redact} | [Redact} |  | 25311590 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Reinspection Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Reinspection Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-04-25): [Redact] Received PCCD, LOE, copy of check and proof of mailing showing cure provided<br>Seller Comment (2022-04-22): Refund Docs will be sent out today at 4PM PT. TRK# will verify delivery once mailed<br>Reviewer Comment (2022-04-22): [Redact] received PCCD, LOE, copy of refund check however proof of mailing only shows label created. Please provide proof of mailing in order to cure the exception<br>Seller Comment (2022-04-22): Refund Docs attached |  | 04/25/2022 |  | 2 C B |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217455132 | [Redact} | [Redact} | [Redact} | 25308318 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-05-02): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-04-29): (Rate Lock) Note tracking [Redact] | 05/02/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217455132 | [Redact} | [Redact} | [Redact} | 25308319 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-05-02): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-04-29): (Rate Lock) Note tracking [Redact] | 05/02/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217455132 | [Redact} | [Redact} | [Redact} | 25481854 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Review fee was not disclosed on the initial LE but disclosed as [Redact] on the Final Closing Disclosure. File does not contain a valid COC for this fee, evidence of cure in file. |  |  |  | Reviewer Comment (2022-04-28): Sufficient Cure Provided At Closing |  | 04/28/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217461787 | [Redact} | [Redact} | [Redact} | 25313953 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-05-03): Waived on Rate Lock: Collateral cleared by Custodian | 05/03/2022 |  |  | 1 A |  | [Redact} | Second Home | Refinance - Cash-out - Other | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217461787 | [Redact} | [Redact} | [Redact} | 25313954 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-05-03): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-05-03): (Rate Lock) [Redact] Collateral Tracking | 05/03/2022 |  |  | 1 A |  | [Redact} | Second Home | Refinance - Cash-out - Other | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217461787 | [Redact} | [Redact} | [Redact} | 25493495 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Recording Fees were last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-04-29): Sufficient Cure Provided At Closing |  | 04/29/2022 |  | 1 A |  | [Redact} | Second Home | Refinance - Cash-out - Other | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217495507 | [Redact} | [Redact} |  | 25345203 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | Guidelines required 12 months reserves for a 2nd home. Asset documentation verified 11.03 months reserves after excluding funds necessary to pay the amounts due for the 30 day [Redact] accounts reported on the credit report. |  |  |  | Reviewer Comment (2022-04-07): After further review sufficient reserves were provided. Cleared.<br>Buyer Comment (2022-04-05): UW LOE #2<br>Buyer Comment (2022-04-05): Lender Response: "Details directly from our underwriter that are supported by documentation in the file." see uploaded LOE's.<br>Reviewer Comment (2022-03-30): Please provide EMD documents like deposit receipt & wire transfer documents, Exception remains.<br>Buyer Comment (2022-03-29): U/W LOX and Assets | 04/07/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217495507 | [Redact} | [Redact} |  | 25345205 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-03-23): Sufficient Cure Provided At Closing |  | 03/23/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217544635 | [Redact} | [Redact} |  | 25434586 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | UW income worksheet not found at time of review, [Redact] |  |  |  | Reviewer Comment (2022-04-12): Received UW income worksheet for [Redact], Exception cleared.<br>Buyer Comment (2022-04-11): Income worksheet | 04/12/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217544882 | [Redact} | [Redact} |  | 25437431 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient Cure Amount provided to cure Zero Percent Tolerance Fee |  |  |  | Reviewer Comment (2022-01-26): Sufficient Cure Provided At Closing |  | 01/26/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217544882 | [Redact} | [Redact} |  | 25437432 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | Current Calculated DTI of [Redact] moderately exceeds the guideline maximum of [Redact] for [Redact] Loan Program. |  |  |  | Reviewer Comment (2022-03-25): After further review, used title co LOE property tax base based on current mil provided[Redact] to purchase price = [Redact] monthly. Also added back monthly HOA obligation for rental property [Redact]. Re-calculated DTI [Redact] .<br>Reviewer Comment (2022-03-15): The tax amount should be the tax rate X purchase price + special assessments ie, [Redact] \* [Redact] + [Redact] = [Redact]/12 = [Redact]/mo. We cannot consider the existing bill when the property is a [Redact] purchase. DTI is still exceeding. Exception remains.<br>Buyer Comment (2022-03-14): Tax info sheet<br>Buyer Comment (2022-03-14): Lender's rebuttal: Title stated; "unfortunately we do not have. That is something you would need to contact the tax assessor." Called and talked to [Redact] at [Redact] County Assessors office. Per assessors office, the 2022-23 tax mill rate will not be released until [Redact]. The current mill rate for [Redact] is [Redact]0 and shows on the current tax bill. See attached bill showing mill rate.<br>Reviewer Comment (2022-02-25): Received Final Settlement statement showing [Redact] and [Redact] account has been paid off through closing, however Since the loan transaction is Primary purchase in [Redact] state subject property tax amount should be consider of 1.25%/Annually of sales price. Lender consider less tax amount of [Redact] instead of 1.25% of sales price which is [Redact]/monthly. Exception Remains.<br>Buyer Comment (2022-02-24): final CD<br>Reviewer Comment (2022-02-22): Received same Tax roll which already reviewed. Since loan transaction is Primary purchase in [Redact] state subject property tax amount should be consider of 1.25%/Annually of sales price. Lender consider less tax amount of [Redact] instead of 1.25% of sales price which is [Redact]/monthly. Also provide document to support exclusion of revolving A/c [Redact] and [Redact] as per AUS these were omitted and as available supporting document shows this accounts are still active. Exception Remains.<br>Buyer Comment (2022-02-18): Tax Roll from Closing Agent uploaded.<br>Reviewer Comment (2022-02-09): Provided lease agreement is reviewed and is duplicate to one already present in file. Rental Income Calculation for REO at [Redact] has been calculated as per Schedule E method(1040) and not as per Vacancy Method(Lease Agreement). Tax Amount for Subject property is calculated as 1.25% of Sales Price as loan transaction is Purchase in [Redact] state. Exception Remains.<br>Buyer Comment (2022-02-08): Lender's rebuttal: Wouldn't the tax estimation of 1.25% only apply to the purchase of new construction? Also, the borrower has additional income that was not used. See attached. The file contains a new lease agreement as of [Redact] for the rental property located at [Redact]. The inclusion of this income at 75% brings the DTI within guidelines even at the higher real estate tax amount. | 03/25/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217544882 | [Redact} | [Redact} |  | 25437433 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM DTI | Qualified Mortgage (Dodd-Frank 2014): Total Debt to Income Ratio exceeds [Redact] and the images do not provide evidence loan is eligible for purchase, guarantee or insurance by the appropriate agency. | QM DTI Issue due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-03-25): After further review, used title co LOE property tax base based on current mil provided[Redact] to purchase price = [Redact] monthly. Also added back monthly HOA obligation for rental property [Redact]. Re-calculated DTI [Redact] . Designation is SHQM APOR<br>Reviewer Comment (2022-03-15): The tax amount should be the tax rate X purchase price + special assessments ie, [Redact] \* [Redact] + [Redact] = [Redact]/12 = [Redact]/mo. We cannot consider the existing bill when the property is a CA purchase. DTI is still exceeding. Exception remains.<br>Buyer Comment (2022-03-14): Tax info sheet<br>Buyer Comment (2022-03-14): Lender's comments: Title stated; "unfortunately we do not have. That is something you would need to contact the tax assessor." Called and talked to [Redact] at [Redact] County Assessors office. Per assessors office, the 2022-23 tax mill rate will not be released until [Redact]. The current mill rate for [Redact] is [Redact]0 and shows on the current tax bill. See attached bill showing mill rate.<br>Reviewer Comment (2022-02-25): Received Final Settlement statement showing [Redact] and [Redact] account has been paid off through closing, however Since the loan transaction is Primary purchase in [Redact] state subject property tax amount should be consider of 1.25%/Annually of sales price. Lender consider less tax amount of [Redact] instead of 1.25% of sales price which is [Redact]/monthly. Exception Remains.<br>Buyer Comment (2022-02-24): final CD<br>Reviewer Comment (2022-02-22): Received same Tax roll which already reviewed. Since loan transaction is Primary purchase in [Redact] state subject property tax amount should be consider of 1.25%/Annually of sales price. Lender consider less tax amount of [Redact] instead of 1.25% of sales price which is [Redact]/monthly. Also provide document to support exclusion of revolving A/c [Redact] and [Redact] as per AUS these were omitted and as available supporting document shows this accounts are still active. Exception Remains.<br>Buyer Comment (2022-02-18): Tax Roll from Closing Agent uploaded.<br>Reviewer Comment (2022-02-09): Provided lease agreement is reviewed and is duplicate to one already present in file. Rental Income Calculation for REO at [Redact] has been calculated as per Schedule E method(1040) and not as per Vacancy Method(Lease Agreement). Tax Amount for Subject property is calculated as 1.25% of Sales Price as loan transaction is Purchase in [Redact] state. Exception Remains.<br>Buyer Comment (2022-02-08): Lender's rebuttal: Wouldn't the tax estimation of 1.25% only apply to the purchase of new construction? Also, the borrower has additional income that was not used. See attached. The file contains a new lease agreement as of Jan 2022 for the rental property located at [Redact]. The inclusion of this income at 75% brings the DTI within guidelines even at the higher real estate tax amount. | 03/25/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217544882 | [Redact} | [Redact} |  | 25437434 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-03-25): After further review, used title co LOE property tax base based on current mil provided[Redact] to purchase price = [Redact] monthly. Also added back monthly HOA obligation for rental property [Redact]. Re-calculated DTI [Redact] . Designation is SHQM APOR | 03/25/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217544882 | [Redact} | [Redact} |  | 25437435 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided |  | Missing Required AUS Document. Loan Data Tape 1 Indicates [Redact] Loan Program which requires an AUS to be provided. Reserve Requirements subject to change upon receipt. |  |  |  | Reviewer Comment (2022-02-03): AUS has been received. Exception cleared.<br>Buyer Comment (2022-02-02): AUS | 02/03/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217544882 | [Redact} | [Redact} |  | 25437437 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | Current Calculated DTI of [Redact] moderately exceeds the guideline maximum of [Redact] for [Redact] Loan Program. |  |  |  | Reviewer Comment (2022-03-25): After further review, used title co LOE property tax base based on current mil provided[Redact] to purchase price = [Redact] monthly. Also added back monthly HOA obligation for rental property [Redact]. Re-calculated DTI [Redact] .<br>Reviewer Comment (2022-03-15): The tax amount should be the tax rate X purchase price + special assessments ie, [Redact] \* [Redact] + [Redact] = [Redact]/12 = [Redact]/mo. We cannot consider the existing bill when the property is a [Redact] purchase. DTI is still exceeding. Exception remains.<br>Buyer Comment (2022-03-14): Tax info sheet<br>Buyer Comment (2022-03-14): Lender's comments: Title stated; "unfortunately we do not have. That is something you would need to contact the tax assessor." Called and talked to [Redact] at [Redact] County Assessors office. Per assessors office, the 2022-23 tax mill rate will not be released until [Redact]. The current mill rate for [Redact] is [Redact] and shows on the current tax bill. See attached bill showing mill rate.<br>Reviewer Comment (2022-02-25): Received Final Settlement statement showing [Redact] and [Redact] account has been paid off through closing, however Since the loan transaction is Primary purchase in [Redact] state subject property tax amount should be consider of 1.25%/Annually of sales price. Lender consider less tax amount of [Redact] instead of 1.25% of sales price which is [Redact]/monthly. Exception Remains.<br>Buyer Comment (2022-02-24): final CD<br>Reviewer Comment (2022-02-22): Received same Tax roll which already reviewed. Since loan transaction is Primary purchase in [Redact] state subject property tax amount should be consider of 1.25%/Annually of sales price. Lender consider less tax amount of [Redact] instead of 1.25% of sales price which is [Redact]/monthly. Also provide document to support exclusion of revolving A/c [Redact] and [Redact] as per AUS these were omitted and as available supporting document shows this accounts are still active. Exception Remains.<br>Buyer Comment (2022-02-18): Tax Roll from Closing Agent uploaded.<br>Reviewer Comment (2022-02-09): Provided lease agreement is reviewed and is duplicate to one already present in file. Rental Income Calculation for REO at [Redact] has been calculated as per Schedule E method(1040) and not as per Vacancy Method(Lease Agreement). Tax Amount for Subject property is calculated as 1.25% of Sales Price as loan transaction is Purchase in [Redact] state. Exception Remains.<br>Buyer Comment (2022-02-08): Lender's rebuttal: Wouldn't the tax estimation of 1.25% only apply to the purchase of new construction? Also, the borrower has additional income that was not used. See attached. The file contains a new lease agreement as of [Redact] for the rental property located at [Redact]. The inclusion of this income at 75% brings the DTI within guidelines even at the higher real estate tax amount.<br>Reviewer Comment (2022-02-04): This is a purchase transaction in [Redact] state so we need to consider 1.25% of the purchase price, Lender considered the tax amount from the Tax Cert so it makes the difference in DTI, Exception remains.<br>Buyer Comment (2022-02-03): Lender Response: "Please see attached breakdown and Tax Cert, Final CD". See uploaded supporting docs. | 03/25/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217544882 | [Redact} | [Redact} |  | 25437438 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan Guideline failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-03-25): After further review, used title co LOE property tax base based on current mil provided[Redact] to purchase price = [Redact] monthly. Also added back monthly HOA obligation for rental property [Redact]. Re-calculated DTI [Redact] . | 03/25/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217544882 | [Redact} | [Redact} |  | 25437439 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | Missing Current Mortgage Statement to verify the HELOC / Second Lien Payment Amount of [Redact] on REO Investment Property located at [Redact]. |  |  |  | Reviewer Comment (2022-02-03): HELOC agreement has been received. Exception cleared.<br>Buyer Comment (2022-02-02): [Redact] HELOC | 02/03/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217544883 | [Redact} | [Redact} |  | 25437443 |  | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. |  | VVOE from the borrower's previous employment with [Redact] was not provided. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.<br>The representative FICO score exceeds the guideline minimum by at least 40 points. | 108 vs 12<br>[Redact] versus [Redact] | Aggregator,SitusAMC<br>SitusAMC,Aggregator | Reviewer Comment (2022-04-01): Client request to waive with compensating factors.<br>Buyer Comment (2022-03-31): Exception provided by [Redact] for previous VVOE. |  |  | 04/01/2022 | 2 C B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217544883 | [Redact} | [Redact} |  | 25437445 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-01-27): Sufficient Cure Provided At Closing |  | 01/27/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217672981 | [Redact} | [Redact} | [Redact} | 25456786 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-06): Waived on Rate Lock: Collateral cleared by Custodian | 06/06/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217672981 | [Redact} | [Redact} | [Redact} | 25456787 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-06): Waived on Rate Lock: Collateral cleared by Custodian | 06/06/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217672981 | [Redact} | [Redact} | [Redact} | 25763326 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-05-31): Secondary valuation obtained | 05/31/2022 |  |  | 1 D A |  | [Redact} | Second Home | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217672981 | [Redact} | [Redact} | [Redact} | 25767430 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal and business tax returns. Evidence of extension for both the business and personal returns was provided in the file. The file contained a copy of the 2019/2020 1040's and 2019/2020 1120S business returns. |  |  |  | Buyer Comment (2022-06-08): Waived on Rate Lock: Buyer Accepts<br>Reviewer Comment (2022-05-31): Elevated to the client for review. This condition is informational only and identifies that the most recent years' returns were not used to qualify.<br>Seller Comment (2022-05-27): [Redact] : Please provide clarification of what is being requested if the 2019/2020 returns were provided and the tax extensions for 2021 were provided. All guidelines appear to have been met. Thank you. |  |  | 06/08/2022 | 2 B |  | [Redact} | Second Home | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217672981 | [Redact} | [Redact} | [Redact} | 25767841 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal fee was last disclosed as [Redact] on the LE, but was disclosed as [Redact] on the final CD. No valid COC was provided for this change, cure provided at closing. |  |  |  | Reviewer Comment (2022-05-26): Sufficient Cure Provided At Closing |  | 05/26/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217674070 | [Redact} | [Redact} | [Redact} | 25458064 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-06): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-03): Tracking via [Redact] [Redact] | 06/06/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217674070 | [Redact} | [Redact} | [Redact} | 25458065 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-06): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-03): Tracking via [Redact] [Redact] | 06/06/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217674554 | [Redact} | [Redact} | [Redact} | 25458195 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-15): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-13): [Redact] Tracking for the Note | 06/15/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217674554 | [Redact} | [Redact} | [Redact} | 25458196 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-15): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-13): [Redact] Tracking for the Note | 06/15/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217674554 | [Redact} | [Redact} | [Redact} | 25903507 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-07-06): [Redact] provided showing undiscounted rate/price. Exception cleared.<br>Seller Comment (2022-07-05): Good morning. Please refer to the attached [Redact] report which shows PASS on all required checks.<br>Reviewer Comment (2022-06-13): The seller provided a printout of their QM Points and Fees rest, per the documentation provided, the results state the loan DOES exceed the threshold for Qualified Mortgages. The lender's test included [Redact] of the [Redact] discount points ([Redact] considered bona fide) and the [Redact] Origination charge for the total QM Points and Fees of [Redact], which exceeds the max of [Redact] by [Redact]. Note: the lender's worksheet showed an overage of [Redact] and a Qualified Mortgage Fee threshold of [Redact]. The difference appears to be due to the lender's calculated amount financed of [Redact] vs. the actual calculated Finance charge of [Redact]. Condition remains<br>Seller Comment (2022-06-13): Good afternoon. My name is [Redact]. I am a [Redact] here at [Redact]. Please refer to the screen print below form our Loan Origination System ([Redact]). This loan had [Redact] ([Redact] in bona fide discount points. This should not trigger a QM failure. | 07/06/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217674554 | [Redact} | [Redact} | [Redact} | 25903535 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees 2021 | Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of [Redact] of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an allowable total of [Redact] (an overage of [Redact] or [Redact]). | QM Points and Fees threshold exceeded by [Redact] or [Redact]. |  |  |  | Reviewer Comment (2022-07-06): [Redact] provided showing undiscounted rate/price. Exception cleared.<br>Seller Comment (2022-07-05): Good morning. Please refer to the attached [Redact] report which shows PASS on all required checks.<br>Reviewer Comment (2022-06-13): The seller provided a printout of their QM Points and Fees rest, per the documentation provided, the results state the loan DOES exceed the threshold for Qualified Mortgages. The lender's test included [Redact] of the [Redact] discount points ([Redact] considered bona fide) and the [Redact] Origination charge for the total QM Points and Fees of [Redact], which exceeds the max of [Redact] by [Redact]. Note: the lender's worksheet showed an overage of [Redact] and a Qualified Mortgage Fee threshold of [Redact]. The difference appears to be due to the lender's calculated amount financed of [Redact] vs. the actual calculated Finance charge of [Redact]. Condition remains<br>Seller Comment (2022-06-13): Good afternoon. My name is [Redact]. I am a [Redact] here at [Redact]. Please refer to the screen print below form our Loan Origination System ([Redact]). This loan had [Redact] ([Redact] in bona fide discount points. Therefor, this loan would not fall into the HPML category. | 07/06/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217674554 | [Redact} | [Redact} | [Redact} | 25903642 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | The file is missing a copy of Initial buyer's Closing Disclosure. |  |  |  | Reviewer Comment (2022-06-15): [Redact] received [Redact] CD with proof of receipt.<br>Seller Comment (2022-06-13): Please see initial CD<br>Seller Comment (2022-06-13): Please see Initila CD | 06/15/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | No Defined Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217674554 | [Redact} | [Redact} | [Redact} | 25903730 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Verification Fee was not disclosed on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-06-15): [Redact] received valid changed circumstance.<br>Seller Comment (2022-06-15): Please see the attached COC Reasons for the VOE Fee. The borrower's employer required the verification of employment to be provided through [Redact].<br>Reviewer Comment (2022-06-15): "[Redact] received COC dated [Redact] indicating additional service required based on loan. Verification of Employment which is not valid reason we need valid COC which can explain why the fee was added on [Redact] or required cure in order to clear this exception.<br>Seller Comment (2022-06-14): [Redact] COC | 06/15/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217674554 | [Redact} | [Redact} | [Redact} | 25986842 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure at closing. |  |  |  | Reviewer Comment (2022-06-15): Sufficient Cure Provided At Closing |  | 06/15/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217675147 | [Redact} | [Redact} | [Redact} | 25458569 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-01): Waived on Rate Lock: Collateral cleared by Custodian | 06/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217675147 | [Redact} | [Redact} | [Redact} | 25458570 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-01): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-01): (Rate Lock) Tracking # is [Redact] | 06/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217675224 | [Redact} | [Redact} | [Redact} | 25459902 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-03): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-02): Sent via [Redact] [Redact] | 06/03/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217675224 | [Redact} | [Redact} | [Redact} | 25767081 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-03): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-02): Sent via [Redact] [Redact] | 06/03/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217676483 | [Redact} | [Redact} | [Redact} | 25463644 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-02): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-01): via [Redact] [Redact] | 06/02/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217676483 | [Redact} | [Redact} | [Redact} | 25463645 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-02): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-01): via [Redact] [Redact] | 06/02/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217682900 | [Redact} | [Redact} |  | 25475222 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - S-Corp | General QM: Unable to verify S-Corp income using reasonably reliable third-party records. | The personal and business tax returns provided were not signed and dated and tax transcripts were not provided in the loan file. |  |  |  | Reviewer Comment (2022-06-17): Signed and dated tax returns provided<br>Seller Comment (2022-06-16): signed tax returns<br>Reviewer Comment (2022-06-01): Exception regraded based on client's acceptance of the less conservative approach to using the IRS Form 8879 in lieu of signed/dated tax returns. Guidelines allow for alternative documentation confirming the tax returns were filed electronically. | 06/17/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217682900 | [Redact} | [Redact} |  | 25475223 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Missing Signature on Affiliated Business Arrangement Disclosure | RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. |  |  |  |  | Reviewer Comment (2022-06-21): Client elected to waive the condition |  |  | 06/21/2022 | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217682900 | [Redact} | [Redact} |  | 25475264 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | This exception will be cleared once all ATR/QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-06-01): Loan is SHQM (APOR). | 06/01/2022 |  |  | 1 B A C |  | [Redact} | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217683204 | [Redact} | [Redact} | [Redact} | 25469622 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-10): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-08): sent via [Redact] [Redact] | 06/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217683204 | [Redact} | [Redact} | [Redact} | 25469623 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-10): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-08): sent via [Redact] [Redact] | 06/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217683204 | [Redact} | [Redact} | [Redact} | 25889478 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | The file was missing evidence of HOA dues on this property. Note: the documentation in file verified a lower PITIA payment than used to qualify. The request for proof of HOA dues is being set to support the PITIA used by the lender to qualify. |  |  |  | Reviewer Comment (2022-06-08): HOA verification provided<br>Seller Comment (2022-06-08): HOA | 06/08/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217711104 | [Redact} | [Redact} | [Redact} | 25481684 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-10): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-08): sent via [Redact] [Redact]<br>Seller Comment (2022-06-08): Note | 06/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217711104 | [Redact} | [Redact} | [Redact} | 25481685 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-10): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-08): sent via [Redact] [Redact] | 06/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217711104 | [Redact} | [Redact} | [Redact} | 25865118 |  | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | Hazard insurance coverage is insufficient by [Redact]. Provide updated policy reflecting the minimum coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount. \*Note - due to the property being in FL, an attestation from the insurer reflecting that the coverage is based on replacement cost would be sufficient. |  |  |  | Reviewer Comment (2022-06-09): RCE provided<br>Seller Comment (2022-06-09): RCE<br>Reviewer Comment (2022-06-08): The comment and documentation loaded to this condition appears to have been loaded to the incorrect condition. There was no new documentation to verify the HOI coverage was sufficient. Condition remains<br>Seller Comment (2022-06-08): Tax Transcript<br>Reviewer Comment (2022-06-07): The required coverage amount based on the FNMA method is [Redact] ([Redact] of the appraised value). The appraised value is used to determine the coverage amount since the appraiser did not identify the Total Estimate of Cost New. The insurance documentation in file verified coverage of [Redact] ([Redact] dwelling coverage + 50% additional coverage), resulting in a shortage of [Redact].<br>Seller Comment (2022-06-07): Could you provide a breakdown of that figure and why, please? | 06/09/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217711104 | [Redact} | [Redact} | [Redact} | 25865319 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Loan originated as Primary residence, yet URLA declarations indicates borrower will not occupy. |  | The declarations section of the final 1003 stated the borrower would not occupy the subject. Please provide a corrected 1003 and attestation from the lender if this was an error on the application. |  |  |  | Reviewer Comment (2022-06-07): Revised 1003 and attestation from the lender verifying the clerical error in the declarations section of the final 1003 was provided. Additional documentation in file supports the borrower's occupancy of the subject.<br>Seller Comment (2022-06-07): Attestation and URLA | 06/07/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217711104 | [Redact} | [Redact} | [Redact} | 25875795 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal tax return. Evidence of extension for the 2021 personal return was provided in the file. The file contained a copy of the 2019/2020 1040's and 2019/2020 1040 tax transcripts. |  |  |  | Reviewer Comment (2022-06-08): Client elected to waive the condition<br>Reviewer Comment (2022-06-08): Additional copies of the 2021 extension and the 2021 Transcripts verifying no results were provided. This will not clear the condition. The condition is informational to identify that the most recent required tax returns were not provided.<br>Seller Comment (2022-06-08): Tax Transcript<br>Seller Comment (2022-06-08): no record of return filed - 2021 transcript |  |  | 06/08/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217711104 | [Redact} | [Redact} | [Redact} | 25875796 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal tax return. Evidence of extension for the 2021 personal return was provided in the file. The file contained a copy of the 2019/2020 1040's and 2019/2020 1040 tax transcripts. |  |  |  | Reviewer Comment (2022-06-08): Client elected to waive the condition |  |  | 06/08/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217711104 | [Redact} | [Redact} | [Redact} | 25875797 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal tax return. Evidence of extension for the 2021 personal return was provided in the file. The file contained a copy of the 2019/2020 1040's and 2019/2020 1040 tax transcripts. |  |  |  | Reviewer Comment (2022-06-08): Client elected to waive the condition |  |  | 06/08/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217711104 | [Redact} | [Redact} | [Redact} | 25875798 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal tax return. Evidence of extension for the 2021 personal return was provided in the file. The file contained a copy of the 2019/2020 1040's and 2019/2020 1040 tax transcripts. |  |  |  | Reviewer Comment (2022-06-08): Client elected to waive the condition |  |  | 06/08/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217711104 | [Redact} | [Redact} | [Redact} | 25875799 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal tax return. Evidence of extension for the 2021 personal return was provided in the file. The file contained a copy of the 2019/2020 1040's and 2019/2020 1040 tax transcripts. |  |  |  | Reviewer Comment (2022-06-08): Client elected to waive the condition |  |  | 06/08/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217711104 | [Redact} | [Redact} | [Redact} | 25876951 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The guidelines state that the AUS can only be ineligible due to the loan amount. The DU approval in the file indicates the loan is additionally ineligible due to the borrower not occupying the subject property. Please provide an acceptable AUS approval, reflecting ineligible for loan amount only. |  |  |  | Reviewer Comment (2022-06-07): Revised AUS provided<br>Seller Comment (2022-06-07): AUS | 06/07/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217713150 | [Redact} | [Redact} | [Redact} | 25481846 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-07-14): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-11): sent via [Redact] [Redact] | 07/14/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217713150 | [Redact} | [Redact} | [Redact} | 25481847 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-07-14): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-11): sent via [Redact] [Redact] | 07/14/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217718134 | [Redact} | [Redact} | [Redact} | 25491290 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-02): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-02): tracking attached, thanks | 06/02/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217718134 | [Redact} | [Redact} | [Redact} | 25491291 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-02): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-02): [Redact] | 06/02/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217718134 | [Redact} | [Redact} | [Redact} | 25796697 |  | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided |  | The borrower is a non-permanent resident per the final 1003. Verification of citizenship status was missing from the file. |  |  |  | Reviewer Comment (2022-06-03): Copy of the borrower's [Redact] provided<br>Seller Comment (2022-06-03): citizenship status. non expired [Redact]<br>Seller Comment (2022-06-03): comment says copy of [Redact] provided, but it's assigned back to us, the seller. please let me know if the [Redact] completes/satisfies<br>Reviewer Comment (2022-06-02): Copy of the borrower's [Redact] provided<br>Seller Comment (2022-06-02): [Redact] attached, thanks | 06/03/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217718134 | [Redact} | [Redact} | [Redact} | 25810040 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Per the compliance report, the initial CD was received by the borrower on [Redact]. This CD was missing from the file. Please provide all CD's issued to the borrower other than final, signed CD. |  |  |  | Reviewer Comment (2022-06-02): Initial CD provided<br>Seller Comment (2022-06-02): initial CD attached, thanks | 06/02/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | No Defined Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217718134 | [Redact} | [Redact} | [Redact} | 25810042 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Loan Discount Points were last disclosed as [Redact] on the LE, but were disclosed as [Redact] on the Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of the refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-06-03): [Redact] received COC dated [Redact], [Redact] and [Redact].<br>Seller Comment (2022-06-03): Attached are the COCs. The loan amount changed, and the borrower requested a lower rate. | 06/03/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217719444 | [Redact} | [Redact} | [Redact} | 25492043 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-05-12): Waived on Rate Lock: Collateral cleared by Custodian | 05/12/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217719444 | [Redact} | [Redact} | [Redact} | 25492044 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-05-12): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-05-10): (Rate Lock) attached | 05/12/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217719444 | [Redact} | [Redact} | [Redact} | 25565502 |  | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. |  | The file was missing a copy of the final title policy. |  |  |  | Reviewer Comment (2022-05-12): Final title policy provided | 05/12/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217719444 | [Redact} | [Redact} | [Redact} | 25568908 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropiate coverage is provided. |  | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  | Reviewer Comment (2022-05-12): Final title policy provided<br>Seller Comment (2022-05-12): (Rate Lock) attached<br>Reviewer Comment (2022-05-11): An additional copy of the preliminary title provided in the initial file was received. The documentation did not verify the amount of title insurance. Provide a copy of the final title policy or a supplement verifying title insurance coverage of at least the loan amount. Condition remains<br>Seller Comment (2022-05-10): (Rate Lock) attached | 05/12/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217720816 | [Redact} | [Redact} | [Redact} | 25920864 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Lender provided [Redact] credit at closing to cure tolerance violation. |  |  |  | Reviewer Comment (2022-06-09): Sufficient Cure Provided At Closing |  | 06/09/2022 |  | 1 A |  | [Redact} | Second Home | Refinance - Rate/Term | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217720816 | [Redact} | [Redact} | [Redact} | 25921846 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-16): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-14): (Rate Lock) Note tracking: [Redact] | 06/16/2022 |  |  | 1 A |  | [Redact} | Second Home | Refinance - Rate/Term | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217720816 | [Redact} | [Redact} | [Redact} | 25921847 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-16): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-14): (Rate Lock) Note tracking: [Redact] | 06/16/2022 |  |  | 1 A |  | [Redact} | Second Home | Refinance - Rate/Term | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217730450 | [Redact} | [Redact} | [Redact} | 25506915 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-28): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-28): There is no note tracking, it was an internal courier. | 06/28/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217730450 | [Redact} | [Redact} | [Redact} | 25506916 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-28): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-28): There is no note tracking, it was an internal courier. | 06/28/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217730450 | [Redact} | [Redact} | [Redact} | 26126872 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. |  | The property was subject to completion per construction plans and specs. The file was missing the 1004D/442 reflecting all work was completed prior to closing. |  |  |  | Reviewer Comment (2022-06-28): Completion Cert provided<br>Seller Comment (2022-06-28): see attached 1004d | 06/28/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217730450 | [Redact} | [Redact} | [Redact} | 26127529 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account Statement Missing | RESPA: Initial escrow account statement was not provided to the borrower. | Initial escrow account statement was not provided |  |  |  | Reviewer Comment (2022-07-20): IEAD provided<br>Seller Comment (2022-07-20): see attached for review. | 07/20/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217730450 | [Redact} | [Redact} | [Redact} | 26147927 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Appraisal Re-Inspection Fee was not disclosed on the LE, but was disclosed as [Redact] on the final CD. No valid COC was provided for this change, nor evidence of cure. Provide a post close CD to include the tolerance cure of [Redact], a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made. \*\*NOTE - there is a COC in the file for this change dated [Redact], however, the effective date of the appraisal was [Redact] and the report date was [Redact] reflecting a need for the 1004D. The COC and re-disclosed CD are greater than 3 business days from the actual change date and is not considered valid. |  |  |  | Reviewer Comment (2022-06-29): [Redact] received PCCD, LOE, Proof of delivery & refund check.<br>Seller Comment (2022-06-29): see attached pccd docs |  | 06/29/2022 |  | 2 C B |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217750992 | [Redact} | [Redact} | [Redact} | 25516027 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-22): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-13): Please see Note Tracking | 06/22/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217750992 | [Redact} | [Redact} | [Redact} | 25516028 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-22): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-13): Please see Note Tracking | 06/22/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217750992 | [Redact} | [Redact} | [Redact} | 25905701 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  | Reviewer Comment (2022-06-08): Sufficient Cure Provided At Closing |  | 06/08/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217750992 | [Redact} | [Redact} | [Redact} | 25905828 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | The DTI of [Redact] exceeds the guideline maximum of [Redact] The difference is due to the higher income the lender used in qualifying the borrower. Fie did not contain Income Worksheet to verify income figures. |  |  |  | Reviewer Comment (2022-06-20): Lender rebuttal and additional clarification of the business earnings was provided. Income calculated was updated and while less than the amount used by the lender to qualify, the DTI is below the program max.<br>Seller Comment (2022-06-20): Please see the explanation for income, business expense and DTI.<br>Reviewer Comment (2022-06-14): The lender provided the cash-flow analysis and the difference in the income calculation is due to the lender did not exclude the non-deductible Meals and Entertainment expenses of [Redact] disclosed on the schedule E and in the 1120S Deductions disclosed on line 19. The income calculation of [Redact] is less than the lender's calculated income of [Redact], resulting in a DTI of [Redact] which exceeds the guideline max of [Redact]. Condition remains<br>Seller Comment (2022-06-13): Please see Income Worksheet | 06/20/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217750992 | [Redact} | [Redact} | [Redact} | 25905856 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | The DTI of [Redact] exceeds the guideline maximum of [Redact] The difference is due to the higher income the lender used in qualifying the borrower. Fie did not contain Income Worksheet to verify income figures. |  |  |  | Reviewer Comment (2022-06-20): Lender rebuttal and additional clarification of the business earnings was provided. Income calculated was updated and while less than the amount used by the lender to qualify, the DTI is below the program max.<br>Reviewer Comment (2022-06-14): The lender provided the cash-flow analysis and the difference in the income calculation is due to the lender did not exclude the non-deductible Meals and Entertainment expenses of [Redact] disclosed on the schedule E and in the 1120S Deductions disclosed on line 19. The income calculation of [Redact] is less than the lender's calculated income of [Redact], resulting in a DTI of [Redact] which exceeds the guideline max of [Redact]. Condition remains<br>Seller Comment (2022-06-13): Please See Income Worksheet | 06/20/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217750992 | [Redact} | [Redact} | [Redact} | 25905888 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation failure due to QM failure. Exception will clear once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-06-20): Lender rebuttal and additional clarification of the business earnings was provided. Income calculated was updated and while less than the amount used by the lender to qualify, the DTI is below the program max. | 06/20/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217750992 | [Redact} | [Redact} | [Redact} | 25906117 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-06-20): Lender rebuttal and additional clarification of the business earnings was provided. Income calculated was updated and while less than the amount used by the lender to qualify, the DTI is below the program max. | 06/20/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217750992 | [Redact} | [Redact} | [Redact} | 25906748 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | Lender included W2 earnings of [Redact] in the co-borrower's qualifying income. The file did not contain a copy of the W2 nor did the business tax returns verify [Redact] in Compensation of officers. Also, the file is missing the income calculation worksheet, Freddie Mac Form 91 or equivalent, as required by the AUS in file. |  |  |  | Reviewer Comment (2022-06-20): W2 and cash flow analysis provided<br>Seller Comment (2022-06-20): 2021 W2 for [Redact]<br>Reviewer Comment (2022-06-14): Cash flow analysis provided; file is still missing a copy of the 2021 W2 for the co-borrower. | 06/20/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217750992 | [Redact} | [Redact} | [Redact} | 25908624 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-06-14): Proof of receipt of appraisal provided<br>Seller Comment (2022-06-13): Please see Appraisal Delivery Confirmation | 06/14/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217750992 | [Redact} | [Redact} | [Redact} | 25921602 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | The file is missing the income calculation worksheet, Freddie Mac Form 91 or equivalent, as required by the AUS in file. |  |  |  | Reviewer Comment (2022-06-14): Cash flow analysis provided<br>Seller Comment (2022-06-13): Please see income worksheet | 06/14/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217753641 | [Redact} | [Redact} | [Redact} | 25518293 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-05-24): Waived on Rate Lock: Collateral cleared by Custodian | 05/24/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217753641 | [Redact} | [Redact} | [Redact} | 25518294 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-05-24): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-05-23): [Redact] collateral [Redact] tracking | 05/24/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217753641 | [Redact} | [Redact} | [Redact} | 25654970 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. |  | Missing VVOE completed within 10 business days prior to note date. |  |  |  | Reviewer Comment (2022-05-19): VVOE provided<br>Seller Comment (2022-05-19): Please see that attached vvoe for [Redact] | 05/19/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217757433 | [Redact} | [Redact} | [Redact} | 25527322 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-10): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-08): sent via [Redact] [Redact] | 06/10/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217757433 | [Redact} | [Redact} | [Redact} | 25527323 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-10): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-08): sent via [Redact] [Redact] | 06/10/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217757433 | [Redact} | [Redact} | [Redact} | 25863719 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | Missing tax verification for primary residence at [Redact]. |  |  |  | Reviewer Comment (2022-06-07): Tax verification for REO provided<br>Seller Comment (2022-06-07): [Redact] | 06/07/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217762284 | [Redact} | [Redact} | [Redact} | 25532837 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-01): Waived on Rate Lock: Collateral cleared by Custodian | 06/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217762284 | [Redact} | [Redact} | [Redact} | 25532838 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-01): Waived on Rate Lock: Collateral cleared by Custodian | 06/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217762284 | [Redact} | [Redact} | [Redact} | 25757725 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropiate coverage is provided. |  | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  | Reviewer Comment (2022-06-02): Final title policy provided<br>Seller Comment (2022-06-02): (Rate Lock) Please see the Final Title Policy | 06/02/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217762284 | [Redact} | [Redact} | [Redact} | 25765892 |  | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. |  | The file was missing a copy of the final title policy. |  |  |  | Reviewer Comment (2022-06-02): Final title policy provided | 06/02/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217762284 | [Redact} | [Redact} | [Redact} | 25780817 |  | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided |  | The file is missing a copy of the final settlement statement from the sale of the departure residence. The file only contained the estimated settlement statement. |  |  |  | Reviewer Comment (2022-06-02): Final Settlement Statement provided<br>Seller Comment (2022-06-02): (Rate Lock) Please see Final SS for Sale of Prior Home | 06/02/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217762941 | [Redact} | [Redact} | [Redact} | 25533581 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-08): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-06): sent via [Redact] [Redact] | 06/08/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217762941 | [Redact} | [Redact} | [Redact} | 25533582 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-08): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-06): sent via [Redact] [Redact] | 06/08/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217762941 | [Redact} | [Redact} | [Redact} | 25850367 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-06-06): Proof of receipt of appraisal provided<br>Seller Comment (2022-06-06): ECOA | 06/06/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217762941 | [Redact} | [Redact} | [Redact} | 25851266 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropiate coverage is provided. |  | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  | Buyer Comment (2022-06-07): Waived on Rate Lock: Buyer accepts<br>Reviewer Comment (2022-06-06): Closing instructions are not acceptable to clear the condition. If the final title policy is not available, an addendum to the preliminary title from the title company verifying sufficient title insurance coverage is required. Condition remains<br>Seller Comment (2022-06-06): Final Title not available on a NOTE date of [Redact]. Please see uploaded Home Point 'Closing Instructions' showing requested title coverage amount.<br>Reviewer Comment (2022-06-06): The final Settlement Statement is not acceptable. Provide either a copy of the Final Title Policy or an addendum to the preliminary title verifying sufficient title insurance coverage. Condition remains<br>Seller Comment (2022-06-06): Final Title Master Statement from title co |  |  | 06/07/2022 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217763114 | [Redact} | [Redact} | [Redact} | 25535152 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-27): Waived on Rate Lock: Collateral cleared by Custodian | 06/27/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217763114 | [Redact} | [Redact} | [Redact} | 25535153 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-27): Waived on Rate Lock: Collateral cleared by Custodian | 06/27/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764821 | [Redact} | [Redact} | [Redact} | 25536577 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-22): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-17): (Rate Lock) Note tracking: [Redact] | 06/22/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764821 | [Redact} | [Redact} | [Redact} | 25536578 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-22): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-17): (Rate Lock) Note tracking: [Redact] | 06/22/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764821 | [Redact} | [Redact} | [Redact} | 25976707 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Settlement Service Provider Status | TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. | The file was missing a copy of the Settlement Service Provider List disclosure provided to the borrower within three business days of the application date. TRID testing is subject to further review upon receipt. |  |  |  | Reviewer Comment (2022-06-17): SSPL provided | 06/17/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | No Defined Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764821 | [Redact} | [Redact} | [Redact} | 25976712 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | The file was missing a copy of the Homeownership Counseling List dated within 3 days of the application date. |  |  |  | Reviewer Comment (2022-06-17): Disclosure provided<br>Seller Comment (2022-06-17): (Rate Lock) attached is the Homeownership counseling<br>Reviewer Comment (2022-06-17): A copy of the disclosure was not located in the file. The Disclosure tracking details identified the disclosure was sent on [Redact], but a copy of the disclosure is required to verify it is compliant. Condition remains<br>Seller Comment (2022-06-16): (Rate Lock) Homeownership Counseling was sent in bundle 2 on pages 703-705 | 06/17/2022 |  |  | 1 B A |  | [Redact} | Second Home | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764821 | [Redact} | [Redact} | [Redact} | 25977070 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided |  | The file was missing a copy of the purchase contract, as well as any purchase contract addendums, if applicable. |  |  |  | Reviewer Comment (2022-06-17): Purchase agreement provided<br>Seller Comment (2022-06-17): (Rate Lock) attached is the purchase contract<br>Reviewer Comment (2022-06-17): Purchase contract was not located in the file. Condition remains<br>Seller Comment (2022-06-16): (Rate Lock) Purchase contract was sent in bundle 2 on pages 149-164 | 06/17/2022 |  |  | 1 D A |  | [Redact} | Second Home | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764821 | [Redact} | [Redact} | [Redact} | 25977614 |  | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. |  | Asset documentation was not provided in the loan file. Only evidence of receipt of the gift funds by the title company per the final CD was present. Please provide all assets considered in the loan approval. Additional exceptions may apply once reviewed. |  |  |  | Reviewer Comment (2022-06-17): Asset documentation provided<br>Seller Comment (2022-06-17): (Rate Lock) I have attached proof of receipt of all gifts funds and assets. The borrower meets the min reserve requirement of [Redact] and 5% down own funds. The gift funds were [Redact] and there were two transfers from the donor directly to the title company in the amount of [Redact] and [Redact]. The EM was [Redact] and I have attached proof of the borrowers Earnest Money Deposit. Assets in [Redact] #[Redact] [Redact] in avail funds and [Redact] [Redact] [Redact]. [Redact] [Redact]. All these assets were in the file along with the gift funds assets. Thank you. | 06/17/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764821 | [Redact} | [Redact} | [Redact} | 25982815 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | Asset documentation was not provided in the loan file. Please provide all assets used by the lender in the loan approval for review, additional exceptions may apply. |  |  |  | Reviewer Comment (2022-06-17): Asset documentation provided<br>Seller Comment (2022-06-17): (Rate Lock) I have attached proof of receipt of all gifts funds and assets. The borrower meets the min reserve requirement of [Redact] and 5% down own funds. The gift funds were [Redact] and there were two transfers from the donor directly to the title company in the amount of [Redact] and [Redact]. The EM was [Redact] and I have attached proof of the borrowers Earnest Money Deposit. Assets in [Redact] #[Redact] [Redact] in avail funds and [Redact] [Redact] [Redact]. [Redact] [Redact]. All these assets were in the file along with the gift funds assets. Thank you. | 06/17/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764821 | [Redact} | [Redact} | [Redact} | 25985731 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | The guidelines require a full second appraisal for loan amounts > [Redact]. The second appraisal was missing from the file. |  |  |  | Reviewer Comment (2022-07-28): 2nd full appraisal provided<br>Seller Comment (2022-07-28): (Rate Lock) 2nd appraisal and SSR's<br>Reviewer Comment (2022-07-20): Pending receipt of 2nd full appraisal<br>Seller Comment (2022-07-20): (Rate Lock) HI Team, The appraiser has completed the inspection. We are just waiting for the report. We will send upon receipt.<br>Reviewer Comment (2022-06-20): The seller provided an additional copy of the CDA. Per the guidelines, two full appraisals are required for loan amounts > [Redact]. The file only contains one appraisal. Condition remains<br>Seller Comment (2022-06-20): (Rate Lock) CDA already sent in original file. Re-uploaded for you to review.<br>Seller Comment (2022-06-20): (Rate Lock) HI Team, <br> The CDA was sent in the original packet. I have re-uploaded for you to review.<br>Reviewer Comment (2022-06-17): File only contained one appraisal (two copies). The appraisals in file have report dates of [Redact] and [Redact] (updated) and an effective date of [Redact]. Condition remains<br>Seller Comment (2022-06-16): (Rate Lock) Both appraisals were in bundle 1 pages 394-475 | 07/28/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764821 | [Redact} | [Redact} | [Redact} | 25985868 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Attorney Review Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Title - Attorney Review Fee was not disclosed on Loan Estimate, but was disclosed as [Redact] on the final CD. A cure of [Redact] was reflected, which is insufficient to cure [Redact]. Provide a post-close CD disclosing the tolerance cure of [Redact], a copy of the refund check for remaining cure of [Redact], proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. \*Note - TRID exceptions are subject to further review upon receipt of the settlement service provider's list. |  |  |  | Reviewer Comment (2022-06-17): SSPL provided<br>Seller Comment (2022-06-17): (Rate Lock) attached is the Service provider list<br>Reviewer Comment (2022-06-17): [Redact] upon further review, this file does not contain a Settlement Service Providers List. SSPL is necessary to determine tolerance and whether the borrower shopped for services. Please provide SSPL.<br>Seller Comment (2022-06-16): (Rate Lock) CD dated [Redact] on page 43-47 of bundle 1 was sent in error, can you please review and advise? | 06/17/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217764821 | [Redact} | [Redact} | [Redact} | 25985928 |  | Credit | Asset | Asset Documentation | Asset | Missing Document: Gift Letter not provided |  | The file was missing a copy of the fully executed gift letter. |  |  |  | Reviewer Comment (2022-06-17): Asset documentation provided<br>Seller Comment (2022-06-17): (Rate Lock) Attached is the Gift letter<br>Reviewer Comment (2022-06-17): Gift letter was not located in the file. Condition remains<br>Seller Comment (2022-06-16): (Rate Lock) The Gift Letter documentation was sent in bundle 2 on page 117-122 | 06/17/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764821 | [Redact} | [Redact} | [Redact} | 25986425 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Insufficient or no cure was provided to the borrower. | 10% fee violation of [Redact] due to an increase in the title fees. No valid COC was provided for this change, nor evidence of cure. Please provide the Settlement Service Provider's List for further review. Unable to determine at initial review how the title fees should be tested. |  |  |  | Reviewer Comment (2022-06-17): SSPL provided<br>Seller Comment (2022-06-17): (Rate Lock) attached is the Service provider list<br>Reviewer Comment (2022-06-17): [Redact] upon further review, this file does not contain a Settlement Service Providers List. SSPL is necessary to determine tolerance and whether the borrower shopped for services. Please provide SSPL.<br>Seller Comment (2022-06-16): (Rate Lock) CD dated [Redact] on page 43-47 of bundle 1 was sent in error, can you please review and advise? | 06/17/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217764821 | [Redact} | [Redact} | [Redact} | 25986426 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | The appraisal fee was last disclosed as [Redact] on the initial LE, but was re-disclosed as [Redact] on LE dated [Redact]. A COC was provided for this change, however, further support must be documented. The COC reflects the appraisal fee increased due to it being a Jumbo product. The initial LE was a Jumbo product, so this would not be a valid reason to increase the cost of the appraisal by [Redact]. Please provide any correspondence with the appraiser or other documentation that supports this increase on [Redact], or a cure will be required. |  |  |  | Reviewer Comment (2022-06-21): [Redact] COC dated [Redact] shows a valid reason for change<br>Seller Comment (2022-06-20): (Rate Lock) Coc for appraisal<br>Reviewer Comment (2022-06-17): [Redact] upon further review, there is a COC dated [Redact] which states 'increased appraisal is due to Jumbo product'. Loan amount on Initial LE [Redact] [Redact] till [Redact] [Redact] loan amount has not changed. In order to determine the COC is valid more information is necessary on reason fee increased and when lender became aware of the change. Please provide a valid COC or Cure. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.<br>Seller Comment (2022-06-16): (Rate Lock) CD dated [Redact] on page 43-47 of bundle 1 was sent in error, can you please review and advise? | 06/21/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217764853 | [Redact} | [Redact} |  | 25537392 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-03-28): Sufficient Cure Provided At Closing |  | 03/28/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217764853 | [Redact} | [Redact} |  | 25537393 |  | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | New excerption as a result of client request. Insufficient coverage by [Redact]. Coverage documented is [Redact] with a loan amount of [Redact]. File is missing an insurer ERC. |  |  |  | Reviewer Comment (2022-04-25): Replacement Cost Estimator has been received from Insurance Service Provider. HOI Policy shows sufficient dwelling coverage. Exception cleared.<br>Buyer Comment (2022-04-22): RCE | 04/25/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764857 | [Redact} | [Redact} |  | 25537370 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - K-1 Less Than 25 Percent | General QM: Unable to verify K-1 (Less than 25% Ownership) income using reasonably reliable third-party records. |  |  |  |  | Reviewer Comment (2022-04-27): Received YTD signed and dated P&L for [Redact] . Exception Cleared.<br>Buyer Comment (2022-04-26): P&L for [Redact]<br>Reviewer Comment (2022-04-05): Please provide YTD signed and dated P&L for [Redact] | 04/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764857 | [Redact} | [Redact} |  | 25537371 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - K-1 Less Than 25 Percent | General QM: Unable to verify K-1 (Less than 25% Ownership) income using reasonably reliable third-party records. |  |  |  |  | Reviewer Comment (2022-04-27): Received YTD signed and dated P&L for [Redact] . Exception Cleared.<br>Buyer Comment (2022-04-26): P&L for [Redact]<br>Reviewer Comment (2022-04-05): Please provide YTD signed and dated P&L for [Redact] | 04/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764857 | [Redact} | [Redact} |  | 25537372 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - S-Corp | General QM: Unable to verify S-Corp income using reasonably reliable third-party records. |  |  |  |  | Reviewer Comment (2022-04-27): Received signed and dated 1120S. Exception cleared.<br>Buyer Comment (2022-04-26): 2020 1120S [Redact]<br>Buyer Comment (2022-04-26): 2021 1120S [Redact]<br>Reviewer Comment (2022-04-05): Please provide signed and dated 1120s for [Redact]/S-Corp. | 04/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764857 | [Redact} | [Redact} |  | 25537373 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - S-Corp | General QM: Unable to verify S-Corp income using reasonably reliable third-party records. | Please provide YTD signed and dated P&L and signed and dated 1120s for [Redact]/S-Corp. |  |  |  | Reviewer Comment (2022-04-27): Received signed and dated 1120S. Exception cleared.<br>Buyer Comment (2022-04-26): 1120S 2020<br>Buyer Comment (2022-04-26): 2021 1120S<br>Reviewer Comment (2022-04-13): YTD P&L Received. Provide Signed/dated Business returns i.e. 1120s or 2021 business transcript. Exception Remains.<br>Buyer Comment (2022-04-12): [Redact] P&L | 04/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764857 | [Redact} | [Redact} |  | 25537374 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. |  |  |  | Reviewer Comment (2022-04-27): All QM related exceptions cleared. | 04/27/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217764857 | [Redact} | [Redact} |  | 25537375 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | P&L Statement not provided for Schedule K1 businesses with less than 25% ownership. Additional exceptions may apply. |  |  |  | Reviewer Comment (2022-04-27): Received P&L for [Redact] and P&L for [Redact]. Exception cleared.<br>Buyer Comment (2022-04-26): P&L [Redact] | 04/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764857 | [Redact} | [Redact} |  | 25537376 |  | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcripts (1040) and/or W-2 Transcripts. |  | Please provide 2021 Business Transcripts or Extension, as required by guidelines. |  |  |  | Reviewer Comment (2022-04-27): Received tax transcript for 2021. Exception cleared.<br>Buyer Comment (2022-04-26): 2021 personal tax Transcripts. Business transcripts is not a requirement | 04/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764859 | [Redact} | [Redact} |  | 25537408 |  | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided |  | Missing satisfactory 24 months VOR for Borrowers 3 & 4. |  |  |  | Reviewer Comment (2022-04-26): VOR has been received for Borrower 3 and Borrower 4. Rented Property is owned by a Property Management Company. VOR is also completed by Management Company. Exception cleared.<br>Buyer Comment (2022-04-25): updated 1003 attached<br>Buyer Comment (2022-04-25): VOR attached | 04/26/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764859 | [Redact} | [Redact} |  | 25537409 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropiate coverage is provided. |  | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  | Reviewer Comment (2022-04-14): Title Supplemental Report with loan amount as title policy coverage has been received. Exception cleared.<br>Buyer Comment (2022-04-13): Title Policy | 04/14/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764860 | [Redact} | [Redact} |  | 25537410 |  | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided |  |  |  |  |  | Reviewer Comment (2022-03-28): Hazard Insurance Policy has been received. Exception cleared.<br>Buyer Comment (2022-03-25): HOI uploaded | 03/28/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217764860 | [Redact} | [Redact} |  | 25537413 |  | Credit | Credit | Credit Documentation | Credit | Insufficient Verification of Rental History. |  | We are missing the VOR for [Redact], reflects [Redact]/mo, [Redact] and [Redact] transfers reflect [Redact] which is less. Please document that the transfers are in fact for rental payments and are not late. We are also missing the VOR or lease to verify transfers made to [Redact] are in fact rental payments. We are still short a complete 24 months. Missing the [Redact] to [Redact]payments. |  |  |  | Reviewer Comment (2022-04-28): Received supporting document for lesser rental payment made on [Redact], [Redact]. Exception cleared.<br>Buyer Comment (2022-04-27): LOX attached<br>Reviewer Comment (2022-04-12): Received the same Bank Statement of from [Redact] to [Redact] as evidence of rental payment which already reviewed. Provide Clarification and supporting document for lesser rental payment made on [Redact] [Redact]. Exception Remains.<br>Buyer Comment (2022-04-11): April-Aug payment<br>Reviewer Comment (2022-04-04): Provided LOX from Borrower and Deposit Receipt have been received clarifying rent of [Redact] in [Redact] and [Redact]. [Redact] was sent by Borrower initially, as the landlord account was recently opened and was sent to confirm the validity of newly opened account. Rental History has been verified from [Redact] totaling 19 months. Please provide rental history from [Redact] to [Redact] to validate 24 months of rental/housing history. Exception remains.<br>Buyer Comment (2022-04-01): Bank printout<br>Buyer Comment (2022-04-01): LOX<br>Buyer Comment (2022-04-01): Please see the attached lease<br>Buyer Comment (2022-04-01): Please see the attached lease for each property. Also, there is an explanation for the 2 payments of [Redact] instead of [Redact] with documentation. | 04/28/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217778738 | [Redact} | [Redact} | [Redact} | 25548838 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-05-27): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-05-26): (Rate Lock) Note tracking [Redact] | 05/27/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217778738 | [Redact} | [Redact} | [Redact} | 25548839 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-05-27): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-05-26): (Rate Lock) Note tracking [Redact] | 05/27/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217778738 | [Redact} | [Redact} | [Redact} | 25746090 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal tax returns. Evidence of extension provided in file for 2021. The file contained a copy of the 2019/2020 1040's and 2019/2020 tax transcripts. |  |  |  | Reviewer Comment (2022-06-08): Client elected to waive the condition |  |  | 06/08/2022 | 2 B |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217778738 | [Redact} | [Redact} | [Redact} | 25746091 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal tax returns. Evidence of extension provided in file for 2021. The file contained a copy of the 2019/2020 1040's and 2019/2020 tax transcripts. |  |  |  | Reviewer Comment (2022-06-08): Client elected to waive the condition<br>Reviewer Comment (2022-05-31): Elevated to the client for review. The condition is informational to identify that the most recent years' tax returns were not used to qualify.<br>Seller Comment (2022-05-31): (Rate Lock) Hi Team, <br> Is there anyway that we can get an exception on these two since the borrower has less than 25% ownership and there was no positive income only a loss? |  |  | 06/08/2022 | 2 B |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217778738 | [Redact} | [Redact} | [Redact} | 25903745 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal tax returns. Evidence of extension provided in file for 2021. The file contained a copy of the 2019/2020 1040's and 2019/2020 tax transcripts. |  |  |  | Reviewer Comment (2022-06-08): Client elected to waive the condition |  |  | 06/08/2022 | 2 B |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217778738 | [Redact} | [Redact} | [Redact} | 25906462 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | The file is missing the 2021 personal tax returns or transcripts. Per the guidelines, a processed 4506-C response that confirms "no record of return found" with the IRS is required. |  |  |  | Reviewer Comment (2022-06-10): Transcripts verifying no record of return was provided<br>Seller Comment (2022-06-09): (Rate Lock) Transcripts<br>Reviewer Comment (2022-06-09): Additional copies of the 2020/2019 tax returns and the 2021 extension were provided. Per the client, the 4506-C must be processed for the 2021 returns and a result of "No record of return found" is required. Condition remains<br>Seller Comment (2022-06-08): (Rate Lock) Hi Team, <br> For the 2021 tax returns the borrower filed an extension. This was sent in the original packet. Will this not suffice? | 06/10/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217778738 | [Redact} | [Redact} | [Redact} | 25906712 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal tax returns and the signed and dated 2021 business returns. Evidence of extension provided in file for 2021. The file contained a copy of the 2019/2020 1040's and 2019/2020 tax transcripts and the 2019/2020 business returns. |  |  |  | Reviewer Comment (2022-06-08): Client elected to waive the condition |  |  | 06/08/2022 | 2 B |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217782111 | [Redact} | [Redact} | [Redact} | 25567238 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-14): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-13): via [Redact] [Redact] | 06/14/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217782111 | [Redact} | [Redact} | [Redact} | 25567239 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-14): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-13): via [Redact] [Redact] | 06/14/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217782111 | [Redact} | [Redact} | [Redact} | 25897249 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropiate coverage is provided. |  | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  | Reviewer Comment (2022-06-10): Final title policy provided<br>Seller Comment (2022-06-10): Final Title Policy<br>Seller Comment (2022-06-10): Title companies will NOT edit Preliminary title commitments and the final title policy is not available yet. Please see uploaded closing instructions that show the proper amount of coverage that will show on FTP. | 06/10/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217782111 | [Redact} | [Redact} | [Redact} | 25909829 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The final CD disclosed the Amount of Total Property Costs over Year 1 as [Redact] on page 4; however the annual taxes ([Redact]) and homeowners insurance ([Redact]) are [Redact] per year. Final CD reflects Estimated Taxes, Insurance & Assessments of [Redact] monthly, correct amount is [Redact].Provide a post-close CD correcting the Escrow Account section on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-06-13): [Redact] Received Corrected PCCD along with LOE.<br>Seller Comment (2022-06-10): PCCD and LOX |  | 06/13/2022 |  | 2 B |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217782111 | [Redact} | [Redact} | [Redact} | 25915734 |  | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. |  | The file was missing a copy of the final title policy. |  |  |  | Reviewer Comment (2022-06-10): Final title policy provided | 06/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217790957 | [Redact} | [Redact} |  | 25612627 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-05-16): Secondary valuation obtained | 05/16/2022 |  |  | 1 D A |  | [Redact} | Primary | Refinance - Cash-out - Other | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217790957 | [Redact} | [Redact} |  | 25612654 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations: D. 2. Have you or will you be applying for any new credit (e.g., installment loan, credit card, etc.) on or before closing this loan that is not disclosed on this application? was entered Yes. Unable to determine qualification without this information. |  | Final 1003 reflects "Yes" to declaration question regarding applying for any new credit. Supporting documentation was not provided in loan file explaining this and confirming debt is included in DTI. |  |  |  | Reviewer Comment (2022-05-20): Revised 1003 and LOE from borrower stating declarations section was marked incorrectly.<br>Seller Comment (2022-05-20): revised 1003 attached | 05/20/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Cash-out - Other | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217790957 | [Redact} | [Redact} |  | 25613001 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Reinspection Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee. A sufficient cure of [Redact] was provided to the borrower at closing. |  |  |  | Reviewer Comment (2022-05-13): Sufficient Cure Provided At Closing |  | 05/13/2022 |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217790957 | [Redact} | [Redact} |  | 25615021 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-05-23): Client elected to waive the condition |  |  | 05/23/2022 | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217792845 | [Redact} | [Redact} | [Redact} | 25593752 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-08-02): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-26): Tracking info | 08/02/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217792845 | [Redact} | [Redact} | [Redact} | 25593753 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-08-02): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-26): Tracking info. | 08/02/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217792845 | [Redact} | [Redact} | [Redact} | 26355591 |  | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. |  | Net equity from the simultaneous sale of REO confirming minimum net proceeds and all liens paid and closed was missing from the file. Please provide the final ALTA Settlement Statement for the sold property, dated at or prior to closing of the subject transaction for review. |  |  |  | Reviewer Comment (2022-07-29): Settlement statement from sale of departure residence provided<br>Seller Comment (2022-07-29): Proof of Sale. | 07/29/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217792845 | [Redact} | [Redact} | [Redact} | 26358386 |  | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. |  | Net equity from the simultaneous sale of REO confirming minimum net proceeds and all liens paid and closed was missing from the file. Please provide the final ALTA Settlement Statement for the sold property, dated at or prior to closing of the subject transaction for review. |  |  |  | Reviewer Comment (2022-07-29): Settlement statement from sale of departure residence provided<br>Seller Comment (2022-07-29): Proof of Sale. | 07/29/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217792845 | [Redact} | [Redact} | [Redact} | 26358638 |  | Credit | Valuation | General | Valuation | Last Sale Date is less than 180 days ago and value increased by more than 20%. Potential flip transaction, 2nd valuation may be required. |  | Per the appraisal, the subject property was last sold on [Redact] for [Redact]. The sales price increased by 29% in 68 days. The appraiser states the buyer informed them it was a distressed sale. The file is missing documentation to confirm this was a distressed sale. |  |  |  | Reviewer Comment (2022-08-08): Proof prior sale was purchased out of foreclosure, supporting the comments made by the appraiser.<br>Seller Comment (2022-08-08): Foreclosure documentation to support distressed sale.<br>Seller Comment (2022-08-08): Documentation is provided to show the home was purchased out of foreclosure to support the distressed sale noted by the appraiser. | 08/08/2022 |  |  | 1 B A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217792845 | [Redact} | [Redact} | [Redact} | 26366379 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Will be cleared when other QM conditions are cleared. |  |  |  | Reviewer Comment (2022-08-05): Copy of the preliminary settlement statement was provided<br>Seller Comment (2022-08-03): settlement statement | 08/05/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217792845 | [Redact} | [Redact} | [Redact} | 26366380 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - Assets | General QM: Unable to verify assets using reasonably reliable third-party records. | Settlement statement from the sale of the departure residence was provided. However the settlement statement is dated after the subject's transaction date. Provide documentation verifying the transaction date of the sale was on or prior to the transaction date of the subject or a copy of the preliminary settlement statement dated at or prior to the subject transaction date. |  |  |  | Reviewer Comment (2022-08-05): Copy of the preliminary settlement statement was provided<br>Seller Comment (2022-08-03): settlement statement | 08/05/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217795644 | [Redact} | [Redact} | [Redact} | 25602818 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-06): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-03): Tracking via [Redact] [Redact] | 06/06/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217795644 | [Redact} | [Redact} | [Redact} | 25602819 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-06): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-03): Tracking via [Redact] [Redact] | 06/06/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217795644 | [Redact} | [Redact} | [Redact} | 25836412 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient cure of [Redact] provided at closing. |  |  |  | Reviewer Comment (2022-06-01): Sufficient Cure Provided At Closing |  | 06/01/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217798480 | [Redact} | [Redact} | [Redact} | 25622705 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-17): Waived on Rate Lock: Collateral cleared by Custodian | 06/17/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217798480 | [Redact} | [Redact} | [Redact} | 25622706 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-17): Waived on Rate Lock: Collateral cleared by Custodian | 06/17/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217798480 | [Redact} | [Redact} | [Redact} | 25913177 |  | Credit | Missing Document | General | Missing Document | Document "Loan Underwriting and Transmittal Summary (1008) / MCAW" is missing. |  |  |  |  |  | Reviewer Comment (2022-06-20): 1008 provided<br>Seller Comment (2022-06-18): 1008 | 06/20/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217798480 | [Redact} | [Redact} | [Redact} | 25913859 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee; however, a cure of [Redact] was provided on Page 2 of Final CD at Closing |  |  |  | Reviewer Comment (2022-06-09): Sufficient Cure Provided At Closing |  | 06/09/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217816210 | [Redact} | [Redact} |  | 25674897 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-05-25): Secondary valuation obtained | 05/25/2022 |  |  | 1 D A |  | [Redact} | Primary | Refinance - Cash-out - Other | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217816212 | [Redact} | [Redact} |  | 25640763 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-05-20): Secondary valuation obtained | 05/20/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217816212 | [Redact} | [Redact} |  | 25641712 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated [Redact] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Disclosures were sent to borrower prior to obtain consent for electronic disclosure from borrower. Lender to provide proof of consent within initial 3 days of application OR proof of disclosure sent to borrower using another method within 3 days of application. |  |  |  | Reviewer Comment (2022-05-27): [Redact] received proof of receipt.<br>Seller Comment (2022-05-26): Hello - the disc tracking shows the borrower requested paper disclosures which. We provided the borrower with the paper disclosure which they then electronically docusigned on their own. E consent should not be applicable to these disclosures as they were provided to the borrower in paper format. Thank you!<br>Reviewer Comment (2022-05-18): Documentation provided identified a hard copy of the initial LE was sent to the borrower on [Redact] and received [Redact], this is greater than 3 business days from the application date. The initial LE was e-signed on [Redact]; however the file is missing proof of the borrower's consent to receive electronic documentation dated on or prior to [Redact]. The earliest e-consent in file was [Redact]. Condition remains<br>Seller Comment (2022-05-18): Condition for reivew | 05/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217823626 | [Redact} | [Redact} | [Redact} | 25639999 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-06-10): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-09): (Rate Lock) Note tracking [Redact] | 06/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217823626 | [Redact} | [Redact} | [Redact} | 25640000 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-06-10): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-09): (Rate Lock) Note tracking [Redact] | 06/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217849514 | [Redact} | [Redact} | [Redact} | 25648564 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-07-14): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-13): [Redact] Tracking was provided on [Redact] for he collateral package. Are you able to clear this condition? | 07/14/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217849514 | [Redact} | [Redact} | [Redact} | 25648565 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-07-14): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-13): [Redact] Tracking was provided on [Redact] for he collateral package. Are you able to clear this condition?<br>Seller Comment (2022-07-08): Tracking | 07/14/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217849514 | [Redact} | [Redact} | [Redact} | 26241888 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Buyer Comment (2022-07-12): Waived on Rate Lock: Buyer accepts<br>Reviewer Comment (2022-07-11): Proof of the borrowers receipt of the appraisal on [Redact] was provided; however the appraisal report in file has a report date of [Redact]. Provide proof of the borrower's receipt of the updated appraisal with a report date of [Redact] and a copy of the preliminary appraisal provided on [Redact]. Note: proof of receipt of the updated appraisal is required at or prior to consummation. Condition remains<br>Seller Comment (2022-07-08): Appraisal Delivery |  |  | 07/12/2022 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217858962 | [Redact} | [Redact} |  | 25670660 |  | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. |  | The preliminary title report in file disclosed [Redact] of title insurance coverage; however this is less than the loan amount of [Redact]. Provide a copy of the final title policy or a supplemental title report verifying title insurance of at least the loan amount. |  |  |  | Reviewer Comment (2022-05-11): Title Commitment with loan amount as title insurance coverage has been received. Exception cleared.<br>Buyer Comment (2022-05-10): Title Report | 05/11/2022 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Cash-out - Other | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217858962 | [Redact} | [Redact} |  | 25670662 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient Cure Amount provided to cure Zero Percent Tolerance Fee |  |  |  | Reviewer Comment (2022-05-03): Sufficient Cure Provided At Closing |  | 05/03/2022 |  | 1 A |  | [Redact} | Primary | Refinance - Cash-out - Other | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217858962 | [Redact} | [Redact} |  | 25670663 |  | Credit | Credit | Credit Documentation | Guideline | Reported liability reflects the borrower as an Authorized User. This debt has been excluded from QM qualification. |  | Credit supplement indicated the borrower was an authorized user without any financial obligation. |  |  |  | Buyer Comment (2022-05-05): [Redact] #[Redact] Authorized User as reported by Borrower's Credit Report [Redact]. This is an EV2 informational only; Waived.<br>Reviewer Comment (2022-05-04): This is an EV2 informational only exception. It must be waived acknowledged by client and does not affect grading. |  |  | 05/05/2022 | 2 B |  | [Redact} | Primary | Refinance - Cash-out - Other | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217858963 | [Redact} | [Redact} |  | 25670674 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | Tax transcripts are required with all loans. Lender to provide tax transcripts for most recent two years. |  |  |  | Reviewer Comment (2022-05-11): Tax Return Transcripts have been received for 2020 and 2021 for Borrower. Exception cleared.<br>Buyer Comment (2022-05-10): transcripts | 05/11/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217858963 | [Redact} | [Redact} |  | 25670675 |  | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file |  | Fraud Report is missing in file. |  |  |  | Reviewer Comment (2022-03-18): Received fraud report with no red flag, Exception cleared.<br>Buyer Comment (2022-03-17): [Redact] | 03/18/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217858963 | [Redact} | [Redact} |  | 25670676 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided |  | The file is missing a copy of the Loan Underwriting Transmittal Summary (1008). |  |  |  | Reviewer Comment (2022-03-18): 1008 Received. 1008 Sufficient to clear the exception. Exception cleared.<br>Buyer Comment (2022-03-17): 1008 | 03/18/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217858963 | [Redact} | [Redact} |  | 25670677 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided |  | Missing Required AUS Document. Loan Data Tape 1 Indicates [Redact] Loan Program which requires an AUS to be provided. Reserve Requirements subject to change upon receipt. |  |  |  | Reviewer Comment (2022-03-21): Received AUS "Approve/Eligible", Exception cleared.<br>Buyer Comment (2022-03-18): AUS<br>Reviewer Comment (2022-03-18): Provided Loan Closing Advisor. Please provide proper AUS. Exception remains.<br>Buyer Comment (2022-03-17): AUS | 03/21/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217858963 | [Redact} | [Redact} |  | 25670678 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided |  | Approval is missing in file. |  |  |  | Reviewer Comment (2022-03-21): Received Approval document, Exception cleared.<br>Buyer Comment (2022-03-18): Loan Approval | 03/21/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217858963 | [Redact} | [Redact} |  | 25670679 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | Fraud Report missing |  |  |  | Reviewer Comment (2022-03-18): Received fraud report with no red flag, Exception cleared.<br>Buyer Comment (2022-03-17): [Redact] | 03/18/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217858963 | [Redact} | [Redact} |  | 25670680 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification that Appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-03-18): Appraisal delivery provided.<br>Buyer Comment (2022-03-16): Appraisal delivery | 03/18/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217858963 | [Redact} | [Redact} |  | 25670681 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-03-18): All open exception has been cured/cleared. Exception Cleared. | 03/18/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 217858963 | [Redact} | [Redact} |  | 25670683 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Loan Approval | General QM: Missing loan approval; General QM testing is incomplete. | File is missing both Loan Approval and 1008 |  |  |  | Reviewer Comment (2022-03-18): 1008 Received. 1008 Sufficient to clear the exception. Exception cleared.<br>Buyer Comment (2022-03-17): 1008 | 03/18/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217858963 | [Redact} | [Redact} |  | 25670684 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Borrower provided appraisal waiver less than three (3) business days prior to consummation. | New exception as a result of documentation provided. Appraisal Waiver was provided to and signed by the borrower on [Redact] which is not 3 days prior to closing. This is an informational EV2 exception and is eligible to be acknowledged and waived. |  |  |  | Buyer Comment (2022-04-07): Lender acknowledged non-material EV2. Appraisal waiver signed [Redact], loan closed [Redact]. |  |  | 04/07/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217973148 | [Redact} | [Redact} | [Redact} | 25753084 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-07-01): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-29): sent via [Redact] [Redact] | 07/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217973148 | [Redact} | [Redact} | [Redact} | 25753085 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-07-01): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-06-29): sent via [Redact] [Redact] | 07/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217975919 | [Redact} | [Redact} |  | 25768274 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | Collateral Underwriter risk score is 4, Desk Review is required. |  |  |  | Reviewer Comment (2022-05-09): CDA provided<br>Buyer Comment (2022-05-09): CDA | 05/09/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 217975919 | [Redact} | [Redact} |  | 25768277 |  | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. |  | The credit report and bank statements provided verified a 20 month housing history, [Redact] through [Redact], provide verification for the four months prior to [Redact]. |  |  |  | Reviewer Comment (2022-05-09): Received VOR for previous address to meet 24 months history requirement. Exception Cleared.<br>Buyer Comment (2022-05-06): VOR attached | 05/09/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218007305 | [Redact} | [Redact} | [Redact} | 25831040 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-07-07): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-05): sent via [Redact] [Redact] | 07/07/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218007305 | [Redact} | [Redact} | [Redact} | 25831041 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-07-07): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-05): sent via [Redact] [Redact] | 07/07/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218007305 | [Redact} | [Redact} | [Redact} | 26218398 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  | Reviewer Comment (2022-07-06): The final title policy was provided. Exception cleared.<br>Seller Comment (2022-07-06): Title Policy<br>Seller Comment (2022-07-05): Closing Instructions | 07/06/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218007305 | [Redact} | [Redact} | [Redact} | 26221154 |  | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. |  | The file was missing a copy of the final title policy. |  |  |  | Reviewer Comment (2022-07-06): The final title policy was provided. Exception cleared. | 07/06/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218032326 | [Redact} | [Redact} | [Redact} | 25880907 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-07-06): Waived on Rate Lock: Collateral cleared by Custodian | 07/06/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218032326 | [Redact} | [Redact} | [Redact} | 25880908 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-07-06): Waived on Rate Lock: Collateral cleared by Custodian | 07/06/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218032326 | [Redact} | [Redact} | [Redact} | 26149683 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file was missing the 2021 business and personal tax returns for the co-borrower. The file contained a copy of the 2020/2019 business and personal tax returns. |  |  |  | Buyer Comment (2022-07-06): Waived on Rate Lock: Buyer accepts<br>Reviewer Comment (2022-06-30): Condition is valid and informational. Business tax returns were due [Redact]. File contained the 2020/2019 personal and business returns and the 2021 extension for both, along with the 2021 transcript proof of no return filed. Elevated to the client for review.<br>Seller Comment (2022-06-30): [Redact] - Please rescind. B1-1-03 states if a loan with applicaiton date of [Redact] and disbursement date of [Redact] then; the most recent year's tax return is recommended; however, the previous year(s) is also acceptable. In the event the most recent year's tax return is not obtained, the lender must perform all of the following: Copy of IRS Form 4868 and IRS response to 4506C filing. Please see attached confirming tax returns were documented according to the guidelines. |  |  | 07/06/2022 | 2 B |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218032326 | [Redact} | [Redact} | [Redact} | 26149835 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-06-28): Secondary valuation obtained | 06/28/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218032326 | [Redact} | [Redact} | [Redact} | 26160063 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | The file is missing a copy of the 2021 tax return extension for the co-borrower's S-Corp. |  |  |  | Reviewer Comment (2022-08-26): Business tax extension provided<br>Seller Comment (2022-08-25): [Redact]: Please see attached 2021 filed extension form 7004 for [Redact]<br>Reviewer Comment (2022-08-11): This is a client specific requirement to allow the Tax Return Recency exceptions to be waived. The 2021 extension for the S-Corp is required.<br>Seller Comment (2022-08-11): [Redact] : Please note that FNMA guidance B1-1-03 does not require the lender to obtain a copy of the 7004, only the 4868. With self-employment income, we would have to use the same year for both personal tax returns and business returns in order to calculate the borrower's income, so even if the 2021 business returns were filed, we would not be able to use them to qualify the borrower because the 4868 was filed for the borrower's personal returns.<br>Reviewer Comment (2022-08-02): The 7004 provided was for tax year 2020. Please provide the 2021 tax return extension for the co-borrower's S-Corp. Exception remains.<br>Seller Comment (2022-08-01): [Redact] : Please see the attached 7004 business extension form.<br>Reviewer Comment (2022-06-30): An additional copy of the 2021 personal tax return extension was provided. The 2021 business returns were required to be filed by [Redact], a copy of the extension is required. Condition remains<br>Seller Comment (2022-06-30): [Redact] - Please rescind. B1-1-03 states if a loan with applicaiton date of [Redact] and disbursement date of [Redact] then; the most recent year's tax return is recommended; however, the previous year(s) is also acceptable. In the event the most recent year's tax return is not obtained, the lender must perform all of the following: Copy of IRS Form 4868 and IRS response to 4506C filing. Please see attached confirming tax returns were documented according to the guidelines. | 08/26/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218033744 | [Redact} | [Redact} | [Redact} | 25882684 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-07-19): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-14): Please advise status of the note - internal Courier<br>Seller Comment (2022-07-11): This note is an internal Courier | 07/19/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218033744 | [Redact} | [Redact} | [Redact} | 25882685 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-07-19): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-14): Please advise status of the note - internal Courier<br>Seller Comment (2022-07-11): Grade 2 - please waive<br>Seller Comment (2022-07-06): Note is an Internal Courier | 07/19/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218033744 | [Redact} | [Redact} | [Redact} | 26228312 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, cure provided at closing. |  |  |  | Reviewer Comment (2022-07-05): Sufficient Cure Provided At Closing |  | 07/05/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218033943 | [Redact} | [Redact} | [Redact} | 25887577 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-08-03): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-08-02): sent via [Redact] [Redact] | 08/03/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218033943 | [Redact} | [Redact} | [Redact} | 25887578 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-08-03): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-08-02): sent via [Redact] [Redact] | 08/03/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218055763 | [Redact} | [Redact} |  | 25917406 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | Missing Current Mortgage Statement to verify Monthly P&I Amount of [Redact] For REO Located at [Redact]. Please note that if Mortgage Statements show taxes & Insurance is escrowed then only Mortgage Statements are Needed. |  |  |  | Reviewer Comment (2022-05-09): Received approval document and Heloc agreement. The payment is already considered in DTI. Exception cleared.<br>Buyer Comment (2022-05-06): Please Note: There is no HELOC on [Redact] and no bridge loan. All these conditions are related to the new HELOC obtained and tied to [Redact]. All docs are attached and new liability has been included in the DTI originally submitted. | 05/09/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218055763 | [Redact} | [Redact} |  | 25917407 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-05-26): Moved to [Redact] review with DTI allowed to [Redact]. | 05/26/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218055763 | [Redact} | [Redact} |  | 25917408 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | A Bridge loan was obtained by the borrowers. The lender did not include a monthly payment from this loan in the DTI. Include this payment would put the DTI well over the [Redact] overlay threshold. Please provide the terms of the monthly payment; and/or explain why this payment was not included. |  |  |  | Reviewer Comment (2022-05-26): Moved to [Redact] review with allowance up to [Redact]<br>Reviewer Comment (2022-05-09): Received approval document and heloc agreement for [Redact]. Payment is already considered in DTI. DTI is still exceeding the limit. Exception remains.<br>Buyer Comment (2022-05-06): Please Note: There is no HELOC on [Redact] and no bridge loan. All these conditions are related to the new HELOC obtained and tied to [Redact]. All docs are attached and new liability has been included in the DTI originally submitted. | 05/26/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218055763 | [Redact} | [Redact} |  | 25917409 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-05-26): Moved to [Redact] review with DTI allowed to [Redact]. | 05/26/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218055763 | [Redact} | [Redact} |  | 25917410 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-05-26): Moved to [Redact] review with DTI allowed to [Redact].<br>Reviewer Comment (2022-05-09): Received approval document and heloc agreement for [Redact]. Payment is already considered in DTI. DTI is still exceeding the limit. Exception remains.<br>Buyer Comment (2022-05-06): Please Note: There is no HELOC on [Redact] and no bridge loan. All these conditions are related to the new HELOC obtained and tied to [Redact]. All docs are attached and new liability has been included in the DTI originally submitted. | 05/26/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218055763 | [Redact} | [Redact} |  | 25917411 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | Please provide HELOC Terms and Payment requirements for [Redact]. |  |  |  | Reviewer Comment (2022-05-09): The property located at [Redact] is free and clear. Exception cleared.<br>Buyer Comment (2022-05-06): Please Note: There is no HELOC on [Redact] and no bridge loan. All these conditions are related to the new HELOC obtained and tied to [Redact]. All docs are attached and new liability has been included in the DTI originally submitted. | 05/09/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218055815 | [Redact} | [Redact} | [Redact} | 25918745 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-07-15): Waived on Rate Lock: Collateral cleared by Custodian | 07/15/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218055815 | [Redact} | [Redact} | [Redact} | 25918746 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-07-15): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-13): (Rate Lock) Tracking# [Redact] - Pending Delivery [Redact] | 07/15/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218055815 | [Redact} | [Redact} | [Redact} | 26277836 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided |  | Jumbo Express guidelines require the AUS used in the decision to be provided in the loan file, reflecting ineligible (if applicable) for loan amount only. The file was missing the AUS used in the transaction, additional exceptions may apply once received. |  |  |  | Reviewer Comment (2022-07-14): AUS provided<br>Seller Comment (2022-07-13): (Rate Lock) AUS | 07/14/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218055815 | [Redact} | [Redact} | [Redact} | 26284151 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  | The preliminary title report did not verify the title insurance coverage. Provide a copy of the final title policy or a supplemental report verifying sufficient title insurance coverage. |  |  |  | Reviewer Comment (2022-07-13): Client elected to waive the condition |  |  | 07/13/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218057436 | [Redact} | [Redact} | [Redact} | 25935935 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-07-29): Waived on Rate Lock: Collateral cleared by Custodian | 07/29/2022 |  |  | 1 A |  | [Redact} | Second Home | Refinance - Cash-out - Other | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218057436 | [Redact} | [Redact} | [Redact} | 25935936 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-07-29): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-28): (Rate Lock) [Redact] | 07/29/2022 |  |  | 1 A |  | [Redact} | Second Home | Refinance - Cash-out - Other | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218100849 | [Redact} | [Redact} |  | 26036583 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Zero percent fee tolerance for Appraisal fee with sufficient cure provided to the borrower at closing |  |  |  | Reviewer Comment (2022-06-20): Sufficient Cure Provided At Closing |  | 06/20/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218100849 | [Redact} | [Redact} |  | 26036584 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for MERS Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Zero percent fee tolerance for MERS fee with sufficient cure provided to the borrower at closing |  |  |  | Reviewer Comment (2022-06-20): Sufficient Cure Provided At Closing |  | 06/20/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218100849 | [Redact} | [Redact} |  | 26039094 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-06-22): Proof of receipt of appraisal provided<br>Seller Comment (2022-06-22): appraisal tracking | 06/22/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218233912 | [Redact} | [Redact} | [Redact} | 26120611 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-07-07): Waived on Rate Lock: Collateral cleared by Custodian | 07/07/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218233912 | [Redact} | [Redact} | [Redact} | 26120612 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-07-07): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-06): (Rate Lock) [Redact] [Redact] | 07/07/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218238493 | [Redact} | [Redact} | [Redact} | 26139279 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-07-14): Waived on Rate Lock: Collateral cleared by Custodian | 07/14/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218238493 | [Redact} | [Redact} | [Redact} | 26139280 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-07-14): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-08): [Redact] | 07/14/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218238493 | [Redact} | [Redact} | [Redact} | 26243088 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. |  | The file was missing the VVOE for current employment dated within 10 business days of closing. |  |  |  | Reviewer Comment (2022-07-11): Third party verification dated within guideline requirements provided<br>Seller Comment (2022-07-08): VVOE's | 07/11/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218238493 | [Redact} | [Redact} | [Redact} | 26243089 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. |  | The file was missing the VVOE for current employment dated within 10 business days of closing. |  |  |  | Reviewer Comment (2022-07-11): Third party verification dated within guideline requirements provided<br>Seller Comment (2022-07-08): VVOE's | 07/11/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218238493 | [Redact} | [Redact} | [Redact} | 26243090 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. |  | The file was missing the VVOE for current employment dated within 10 business days of closing. |  |  |  | Reviewer Comment (2022-07-11): Third party verification dated within guideline requirements provided<br>Seller Comment (2022-07-08): VVOE's | 07/11/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218238493 | [Redact} | [Redact} | [Redact} | 26281756 |  | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. |  | Upon further review, the loan was locked using the [Redact] Express Jumbo guidelines which require IRS tax transcripts or W-2 Transcripts to validate the income. The transcripts were not in the file. |  |  |  | Reviewer Comment (2022-07-18): 1040 tax transcripts received and reviewed for 2019, 2020, and 2021. Exception cleared.<br>Seller Comment (2022-07-18): Transcripts | 07/18/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218238493 | [Redact} | [Redact} | [Redact} | 26281757 |  | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. |  | Upon further review, the loan was locked using the [Redact] Express Jumbo guidelines which require IRS tax transcripts or W-2 Transcripts to validate the income. The transcripts were not in the file. |  |  |  | Reviewer Comment (2022-08-17): 2020/2019 transcripts provided<br>Reviewer Comment (2022-07-18): The 2021 1040 tax transcript for this borrower reflects no record of return filed. It appears the borrower filed on time based on the payment that came out of the bank account in April, so the transcript should be available. As only W2 wages were used for this borrower, the W2 transcript would additionally be acceptable to clear this exception. Exception remains.<br>Seller Comment (2022-07-18): transcripts | 08/17/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218238493 | [Redact} | [Redact} | [Redact} | 26281758 |  | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. |  | Upon further review, the loan was locked using the [Redact] Express Jumbo guidelines which require IRS tax transcripts or W-2 Transcripts to validate the income. The transcripts were not in the file. |  |  |  | Reviewer Comment (2022-07-18): 1040 tax transcripts received and reviewed for 2019, 2020, and 2021. Exception cleared.<br>Seller Comment (2022-07-18): transcripts | 07/18/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218287510 | [Redact} | [Redact} |  | 26216092 |  | Credit | Credit | Miscellaneous | Guideline | Credit Exception: |  | Missing Transcript for 2021. Please provide. |  |  |  | Reviewer Comment (2022-06-20): Transcript provided.<br>Buyer Comment (2022-06-16): transcripts | 06/20/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218287510 | [Redact} | [Redact} |  | 26216094 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-05-24): All QM related exceptions have been addresesd. | 05/24/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218287510 | [Redact} | [Redact} |  | 26216095 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | A taxes are reassessed at 1.25% of the sales price upon transfer. Unless justification exists not to use the 1.25% calculation, Please provide breakdown for tax assessment percentage. |  |  |  | Reviewer Comment (2022-05-24): Tax bill calculation provided based on tax rate and purchase price.<br>Buyer Comment (2022-05-24): Please note this is our calculation of how our underwriter calculated the property tax, and the copy of the tax bill used | 05/24/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218287510 | [Redact} | [Redact} |  | 26216096 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | Due to taxes calculated at 1.25% per [Redact] tax assessments. Please provide breakdown for tax amount provided. |  |  |  | Reviewer Comment (2022-05-24): Tax bill calculation provided based on tax rate and purchase price.<br>Buyer Comment (2022-05-24): Lender's comment: Please note this is our calculation of how our underwriter calculated the property tax, and the copy of the tax bill used | 05/24/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218287510 | [Redact} | [Redact} |  | 26216097 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-05-24): Tax bill calculation provided based on tax rate and purchase price. | 05/24/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218287515 | [Redact} | [Redact} |  | 26216099 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan Designation is Safe Harbor QM (APOR) |  |  |  | Reviewer Comment (2022-06-23): Loan is SHQM(APOR).<br>Buyer Comment (2022-06-23): All exceptions are cleared. Please clear this exception. | 06/23/2022 |  |  | 1 B A C |  | [Redact} | Second Home | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218287515 | [Redact} | [Redact} |  | 26216100 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - Schedule C | General QM: Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. | CPA letter or business license not provided |  |  |  | Reviewer Comment (2022-06-23): All required docs for SE borrower provided.<br>Buyer Comment (2022-06-22): Addtl bk statement<br>Buyer Comment (2022-06-22): Updated P&L<br>Reviewer Comment (2022-06-02): Closed in error- Revised issue - The P&L is > 60 days old and dated [Redact] with closing occurring on [Redact]. Guides require P&L dated within 60days of closing. In addition, file contained 2 months bank statements when guides require 3 months.<br>Reviewer Comment (2022-05-23): Third party verification provided.<br>Buyer Comment (2022-05-20): LOX<br>Buyer Comment (2022-05-20): Business Verification<br>Reviewer Comment (2022-04-22): UW LOX reviewed. [Redact] is a separate income source for the borrower (K1 provided in file). No documentation was found that supports that the Schedule C income is derived from [Redact]. Exception remains. Please provide CPA Letter or Business License to confirm Schedule C income from [Redact]<br>Buyer Comment (2022-04-20): LOX from underwriter<br>Reviewer Comment (2022-04-13): Received business verification document for [Redact] However, we need third-party verification or business verification for [Redact]/Schedule C, Exception remains.<br>Buyer Comment (2022-04-12): Verification of business | 06/23/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218287515 | [Redact} | [Redact} |  | 26216102 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | . Loan Origination Fee Amount of [Redact] exceeds tolerance of [Redact] with out a valid change of circumstances or cure provided |  |  |  | Reviewer Comment (2022-04-26): [Redact] received valid COC dated [Redact] with reason why the loan origination fee was increased on the CD dated [Redact] hence after review the exception was cleared.<br>Buyer Comment (2022-04-26): COC - please review updated COC document with the highlighted added details.<br>Reviewer Comment (2022-04-07): [Redact] received Loan Estimate & Changed Circumstance dated [Redact] indicating Rate Lock which is not a valid reason for increase in Loan Origination Fee. Additional information on the change is required to determine if fee can be rebaselined. Please provide a valid COC.<br>Buyer Comment (2022-04-04): See attached LE, COC and LOE | 04/26/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218287515 | [Redact} | [Redact} |  | 26216103 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Appraisal Fee Amount of [Redact] exceeds tolerance of [Redact] with out a valid change of circumstances provided |  |  |  | Reviewer Comment (2022-04-06): [Redact] received clarification, cure provided at closing.<br>Reviewer Comment (2022-03-31): [Redact]: Cure provided at closing is insufficient to cure for all the citing (Origination Fee + Appraisal Fee) exception. Exception will be cleared on resolution of Origination Fee<br>Buyer Comment (2022-03-30): Final CD includes lender credit of [Redact] for increase in closing costs above legal limit. | 04/06/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218287515 | [Redact} | [Redact} |  | 26216104 |  | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. |  | Insufficient coverage by [Redact]. Coverage of [Redact] versus loan amount of [Redact]. Missing insurer ERC. |  |  |  | Reviewer Comment (2022-06-01): Insurer confirmed coverage is written to ERC.<br>Buyer Comment (2022-06-01): HOI<br>Reviewer Comment (2022-05-13): Provided checklist of coverage has been reviewed and is duplicate to one already in file. We understand property state is Florida and Replacement Cost Estimate cannot be provided. However Checklist of Coverage does not confirm that the coverage is set at the determined replacement cost. Please provide confirmation in writing from Insurance Agent or Company that the coverage is set at the determined replacement cost or at minimum is sufficient to meet replacement cost requirements. Exception remains.<br>Buyer Comment (2022-05-12): Please review check list from insurance company. Per agent, it is the same as an RCE.<br>Reviewer Comment (2022-04-06): Please provide confirmation in writing from Insurance Agent or Company that the coverage is set at the determined replacement cost or at minimum is sufficient to meet replacement cost requirements. Exception remains.<br>Buyer Comment (2022-04-05): Lender Response: "See pg 3 of policy - 25% extended replacement cost coverage" See Uploaded doc | 06/01/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218287515 | [Redact} | [Redact} |  | 26216105 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-04-06): Sufficient Cure Provided At Closing |  | 04/06/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218292106 | [Redact} | [Redact} | [Redact} | 26220381 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-08-10): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-08-10): (Rate Lock) [Redact] tracking #[Redact] shows collateral was delivered [Redact] at [Redact]<br>Seller Comment (2022-08-09): (Rate Lock) [Redact] tracking #[Redact] shows collateral is on the way. | 08/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218292106 | [Redact} | [Redact} | [Redact} | 26220382 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-08-10): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-08-10): (Rate Lock) [Redact] tracking #[Redact] shows collateral was delivered [Redact] at [Redact]<br>Seller Comment (2022-08-09): (Rate Lock) [Redact] tracking #[Redact] shows collateral is on the way. | 08/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218292106 | [Redact} | [Redact} | [Redact} | 26428876 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-08-04): Sufficient Cure Provided At Closing |  | 08/04/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218292106 | [Redact} | [Redact} | [Redact} | 26428877 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-08-04): Sufficient Cure Provided At Closing |  | 08/04/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218294505 | [Redact} | [Redact} | [Redact} | 26227127 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-07-26): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-25): (Rate Lock) Note tracking # [Redact] | 07/26/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218294505 | [Redact} | [Redact} | [Redact} | 26227128 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-07-26): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-25): (Rate Lock) Note tracking # [Redact] | 07/26/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218295650 | [Redact} | [Redact} | [Redact} | 26235018 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-08-18): Waived on Rate Lock: Collateral cleared by Custodian | 08/18/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218295650 | [Redact} | [Redact} | [Redact} | 26235019 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-08-18): Waived on Rate Lock: Collateral cleared by Custodian | 08/18/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218295650 | [Redact} | [Redact} | [Redact} | 26493587 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-08-15): Secondary valuation obtained | 08/15/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218298301 | [Redact} | [Redact} | [Redact} | 26242310 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-08-15): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-08-15): (Rate Lock) This Note was delivered [Redact]. Please advise! Thank you<br>Seller Comment (2022-08-10): (Rate Lock) Note tracking [Redact] | 08/15/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218298301 | [Redact} | [Redact} | [Redact} | 26242311 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-08-15): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-08-15): (Rate Lock) This Note was delivered [Redact]. Please advise! Thank you<br>Seller Comment (2022-08-10): (Rate Lock) Note tracking [Redact] | 08/15/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218298301 | [Redact} | [Redact} | [Redact} | 26406147 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. |  | The file is missing a VVOE for the borrower's secondary employment dated within 10 business days of the Note, as required by the AUS and guidelines. |  |  |  | Reviewer Comment (2022-08-12): VVOE provided<br>Seller Comment (2022-08-12): (Rate Lock) attached is the vvoe for [Redact] at [Redact] | 08/12/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218339084 | [Redact} | [Redact} | [Redact} | 26261445 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-08-10): Waived on Rate Lock: Collateral cleared by Custodian | 08/10/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218339084 | [Redact} | [Redact} | [Redact} | 26261446 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-08-10): Waived on Rate Lock: Collateral cleared by Custodian | 08/10/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218346591 | [Redact} | [Redact} | [Redact} | 26283648 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-07-29): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-28): Note Tracking: [Redact] | 07/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218346591 | [Redact} | [Redact} | [Redact} | 26283649 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-07-29): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-07-28): Note Tracking: [Redact]<br>Seller Comment (2022-07-21): [Redact] | 07/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218346591 | [Redact} | [Redact} | [Redact} | 26286855 |  | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. |  | The file is missing the guideline required 2 years IRS tax returns or W-2 Transcripts to validate the income used to qualify. |  |  |  | Reviewer Comment (2022-07-18): Tax and W2 transcripts provided<br>Seller Comment (2022-07-18): Good morning. Please refer to the attached W2 and 1040 transcripts for [Redact]. Thank you. | 07/18/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218346591 | [Redact} | [Redact} | [Redact} | 26288470 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | File was missing proof of the borrower's receipt of the updated appraisal with a report date of [Redact]. |  |  |  | Reviewer Comment (2022-07-15): Client elected to waive the condition |  |  | 07/15/2022 | 2 B |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218346591 | [Redact} | [Redact} | [Redact} | 26297345 |  | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided |  | Per the guidelines, Loan amounts >[Redact] require 2 full appraisals. The file only contained 1 appraisal. |  |  |  | Reviewer Comment (2022-08-09): Second full appraisal provided<br>Seller Comment (2022-08-09): Please refer to the attached second appraisal. Value came in at [Redact]. Can [Redact] do a principal reduction for LTV to [Redact] or seek an LTV exception? Please advised, thank you.<br>Reviewer Comment (2022-07-29): Per the client, a full 2nd appraisal is required. Condition remains<br>Seller Comment (2022-07-29): please advise on this client review.<br>Reviewer Comment (2022-07-18): Elevated to the client for review. The guidelines require 2 full appraisals for loan amounts > [Redact]. The CDA was in the initial file and reviewed and while it supports the appraised value, it does not meet the guideline requrements.<br>Seller Comment (2022-07-18): Good morning. Please refer to the attached Collateral Desktop Analysis (CDA) of the appraisal report. Would you be willing to accept this as it fully supports the appraisals value? | 08/09/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218347620 | [Redact} | [Redact} |  | 26288798 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-06-21): Sufficient Cure Provided At Closing |  | 06/21/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218347620 | [Redact} | [Redact} |  | 26288799 |  | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Personal not provided |  | After further review: [Redact] acct [Redact] is missing two complete statement months as required by AUS. File contains a statement dated [Redact] to [Redact] and a print from [Redact] to [Redact]. Missing statement from [Redact] to [Redact]. Ending balance from previous month was noted as [Redact] but unable to ascertain if any recent large deposits occurred in last 60 days. |  |  |  | Reviewer Comment (2022-07-06): Received statements from [Redact]. Exception cleared.<br>Buyer Comment (2022-07-06): acct # [Redact] | 07/06/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218347622 | [Redact} | [Redact} |  | 26288808 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Lender exception provided. | The representative FICO score exceeds the guideline minimum by at least 40 points. | [Redact] vs [Redact] | SitusAMC,Aggregator | Reviewer Comment (2022-07-07): Client elects to waive with compensating factors, |  |  | 07/07/2022 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218347622 | [Redact} | [Redact} |  | 26288809 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | Lender Exception with Compensating Factors provided. | The representative FICO score exceeds the guideline minimum by at least 40 points. | [Redact] vs [Redact] | SitusAMC,Aggregator | Reviewer Comment (2022-07-07): Client elects to waive with compensating factors, |  |  | 07/07/2022 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218347622 | [Redact} | [Redact} |  | 26288811 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Closing Protection Letter Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower. | Sufficient cure provided at closing. |  |  |  | Reviewer Comment (2022-07-07): Sufficient Cure Provided within 60 Days of Closing |  | 07/07/2022 |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218347622 | [Redact} | [Redact} |  | 26288812 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Lender's Title Insurance. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower. | Sufficient cure provided at closing. |  |  |  | Reviewer Comment (2022-07-07): Sufficient Cure Provided within 60 Days of Closing |  | 07/07/2022 |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218363376 | [Redact} | [Redact} | [Redact} | 26317187 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-08-12): Waived on Rate Lock: Collateral cleared by Custodian | 08/12/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | D A B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218363376 | [Redact} | [Redact} | [Redact} | 26317188 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-08-12): Waived on Rate Lock: Collateral cleared by Custodian | 08/12/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | D A B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218363376 | [Redact} | [Redact} | [Redact} | 26340313 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | File was missing a copy of Second Valuation |  |  |  | Reviewer Comment (2022-07-28): Secondary valuation obtained | 07/28/2022 |  |  | 1 D A |  | [Redact} | Primary | Refinance - Rate/Term | D A B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218363376 | [Redact} | [Redact} | [Redact} | 26341350 |  | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Notice of Special Flood Hazard Disclosure was provided [Redact]. Missing proof of borrowers earlier receipt. |  |  |  | Reviewer Comment (2022-07-28): Proof of earlier receipt provided<br>Seller Comment (2022-07-28): Flood<br>Seller Comment (2022-07-28): Please see the attached TRID History showing proof of delivery and receipt of the Flood Disclosure | 07/28/2022 |  |  | 1 B A |  | [Redact} | Primary | Refinance - Rate/Term | D A B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218363376 | [Redact} | [Redact} | [Redact} | 26346120 |  | Compliance | Compliance | State Compliance | State Defect | Compliant Texas 50(f)(2) loan without signed TX50(f)(2) Affidavit. Loan is reviewed as a TX50(f)(2) loan. | Texas Constitution Section 50(f-1) Affidavit Acknowledging Requirements of Subsection (f)(2) not in file, however, review of loan file indicates loan meets all conditions in 50(f)(2)(a) to (d). Loan is not reviewed as a TX50(a)(6) loan. | The file is missing a copy of the affidavit acknowledging the requirements for Subsection (f)(2) were met. |  |  |  | Reviewer Comment (2022-08-26): Disclosure provided<br>Seller Comment (2022-08-25): [Redact]: Please see attached Texas Constitution Section 50(f-1) Affidavit Acknowledging Requirements of Subsection (f)(2) this was also included in the loan documents.<br>Reviewer Comment (2022-08-18): An additional copy of the Notice Concerning Extensions of Credit disclosure was provided. The file is missing the AFFIDAVIT MADE PURSUANT TO SUBSECTION (f-1) OF ARTICLE XVI, SECTION 50<br> OF THE TEXAS CONSTITUTION disclosure. Condition remains<br>Seller Comment (2022-08-18): Texas 50(a)(6) Article XVI<br>Reviewer Comment (2022-07-28): An additional copy of the Notice Concerning Refinance of Existing Home Equity loan to Non-Home Equity loan was provided. This disclosure will not clear the condition. A separate "AFFIDAVIT MADE PURSUANT TO SUBSECTION (f-1) OF ARTICLE XVI, SECTION 50 OF THE TEXAS CONSTITUTION" disclosure is required. Condition remains<br>Seller Comment (2022-07-28): 50(f)(2)<br>Seller Comment (2022-07-28): Please see the attached. | 08/26/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | D A B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218377680 | [Redact} | [Redact} | [Redact} | 26357319 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-09-01): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-08-31): (Rate Lock) Note tracking: [Redact] | 09/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218377680 | [Redact} | [Redact} | [Redact} | 26357320 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-09-01): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-08-31): (Rate Lock) Note tracking: [Redact] | 09/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218381166 | [Redact} | [Redact} |  | 26379041 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-08-05): Client elected to waive the condition |  |  | 08/05/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218381166 | [Redact} | [Redact} |  | 26387420 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Pest Inspection Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Pest control fee was not disclosed on the LE, but was disclosed in section B of the final CD as [Redact]. No valid COC was provided for this change, nor evidence of cure. Provide a post close CD disclosing the tolerance cure of [Redact], a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made. NOTE - a COC was in the file for this change, however, the lender added this fee to section B as a fee the borrower did not shop for and there was no further documentation to support why this was added. Either provide invoices/supporting documentation, move the fee to section H if it was not lender required, or cure the violation. |  |  |  | Reviewer Comment (2022-08-09): [Redact] Received PCCD and LOE stating the fees are moved to Sec H. No additional cure is needed.<br>Seller Comment (2022-08-08): Fee was not lender required but part of purchase agreement and verified by title and receipt and PCCD all attached - Per your request no cure moved to section H02 | 08/09/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218387359 | [Redact} | [Redact} | [Redact} | 26400653 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-11-14): Waived on Rate Lock: Collateral cleared by Custodian | 11/14/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218387359 | [Redact} | [Redact} | [Redact} | 26400654 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-11-14): Waived on Rate Lock: Collateral cleared by Custodian | 11/14/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218387359 | [Redact} | [Redact} | [Redact} | 27098554 |  | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right to Cancel Missing | Truth in Lending Act: Notice of Right to Cancel was not provided. | It appears the loan paid off a construction loan. Provide a copy of the construction loan documents, including but not limited to the construction loan note and HUD/CD from the construction loan. If the loan being paid off is a construction loan and the documentation confirms the borrowers constructed a new home and did not previously own or occupy a home on the property, this condition can be cleared. |  |  |  | Reviewer Comment (2022-11-04): Subject loan was permanent financing refinance of a construction-only loan and construction costs with different lenders and no cash to borrower. Borrowers constructed a new home and did not previously own or occupy a home on the property. Security instrument does not secure additional property. RTC is not applicable.<br>Seller Comment (2022-11-03): Please see the attached Verification of Mortgage for Construction loan. Also, please see Final CD, page 3.<br>Reviewer Comment (2022-10-31): Seller provided a screenshot stating the loan is paying off a construction loan. Additional documentation on the construction loan being paid off is required. Provide a copy of the construction loan note, HUD/CD, or other documentation to verify the loan being paid off was a construction loan. Condition remains<br>Seller Comment (2022-10-31): Please see the attached screenshot showing that the property is new construction and not subject to rescission. | 11/04/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218387359 | [Redact} | [Redact} | [Redact} | 27098557 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee (COC provided does not reflect a reason for the increase), nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-11-04): [Redact] received valid COC dated [Redact].<br>Seller Comment (2022-11-03): Please see attached CofC, page 3.<br>Reviewer Comment (2022-11-01): [Redact] received Changed Circumstance dated [Redact], but it does not give sufficient information on why the appraisal fee increased. In order to determine if the changed circumstance is valid more information is necessary on reason why the fee increased and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.<br>Seller Comment (2022-10-31): Please see the attached CofC and Revised LE. | 11/04/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |

| 218387359 | [Redact} | [Redact} | [Redact} | 27098559 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Home Inspection Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Home Inspection fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee (COC in file does not reflect a valid reason for the change), nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-11-01): [Redact] received COC dated [Redact] & supporting documents available in file.<br>Seller Comment (2022-10-31): Please see the attached CofC and Revised LE. | 11/01/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218387359 | [Redact} | [Redact} | [Redact} | 27098659 |  | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. |  |  |  |  |  |  |  | 10/28/2022 | 2 B |  | [Redact} | Primary | Refinance - Rate/Term | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218387359 | [Redact} | [Redact} | [Redact} | 27164509 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-11-04): Sufficient Cure Provided At Closing |  | 11/04/2022 |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218403065 | [Redact} | [Redact} | [Redact} | 26437784 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-09-23): Waived on Rate Lock: Collateral cleared by Custodian | 09/23/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218403065 | [Redact} | [Redact} | [Redact} | 26437785 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-09-23): Waived on Rate Lock: Collateral cleared by Custodian | 09/23/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218403065 | [Redact} | [Redact} | [Redact} | 26805380 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-09-13): Secondary valuation obtained | 09/13/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218422960 | [Redact} | [Redact} | [Redact} | 26490884 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-09-02): Waived on Rate Lock: Collateral cleared by Custodian | 09/02/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218422960 | [Redact} | [Redact} | [Redact} | 26490885 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-09-02): Waived on Rate Lock: Collateral cleared by Custodian | 09/02/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218422960 | [Redact} | [Redact} | [Redact} | 26713614 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  |  |  |  |  | Reviewer Comment (2022-08-31): Client accepts. |  |  | 08/31/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218422960 | [Redact} | [Redact} | [Redact} | 26718254 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated [Redact] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations. | Disclosures were sent to the borrower prior to obtaining consent for electronic disclosures. Lender to provide proof of e-consent within 3 days of the initial application, OR proof of disclosure sent to borrower using another method within 3 days of application. Note: The earliest e-consent in the file reflected a consent date of [Redact]; the initial LE was e-signed [Redact] and [Redact] by the borrower and co-borrower, respectively. |  |  |  | Reviewer Comment (2022-09-01): Proof of earlier e-consent not located in the initial file was provided.<br>Seller Comment (2022-09-01): E-sign Certificate<br>Seller Comment (2022-09-01): For electronic disclosure, our systems consider acknowledgment of the time at which the borrower clicks the link within the email that sent the disclosure. Please see that attached e-sign Cert. | 09/01/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218422960 | [Redact} | [Redact} | [Redact} | 26718281 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [Redact] is less than amount of binding Lender Credit previously disclosed in the amount of [Redact]. | Lender credit was last disclosed as [Redact] on the LE, but was reduced to [Redact] on the final CD and the post-close CD's. No valid COC was provided for this change, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure of [Redact], a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-09-01): A copy of the re-disclosed CD and valid COC not located in the initial file was provided.<br>Seller Comment (2022-09-01): Lock Confirmation and CD<br>Seller Comment (2022-09-01): The loan was locked on [Redact] with a final price for the rate at [Redact] or [Redact]. There was a relock on [Redact] that caused the pricing to adjust to [Redact] or [Redact]. On wholesale loans lock actions are expectable changes in circumstance. A CD went out to the borrower on the same day. Please see the attached Lock confirmation and Closing Disclosure. | 09/01/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218449127 | [Redact} | [Redact} | [Redact} | 26527960 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-09-01): Waived on Rate Lock: Collateral cleared by Custodian | 09/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218449127 | [Redact} | [Redact} | [Redact} | 26527961 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-09-01): Waived on Rate Lock: Collateral cleared by Custodian | 09/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218449127 | [Redact} | [Redact} | [Redact} | 26673094 |  | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. |  | Guidelines require Transcripts for all borrowers whose income is used to qualify. Loan file is missing Transcripts for borrower. |  |  |  | Reviewer Comment (2022-10-12): Transcripts provided<br>Seller Comment (2022-10-12): 2021 & 2020 IRS Transcripts for [Redact]<br>Reviewer Comment (2022-09-02): Lender rebuttal states W2 wages began in 2022 and prior income was from a foreign source. The transcripts are still required and if they were not filed or required to be filed, the IRS transcript "No Results" is acceptable. Condition remains<br>Seller Comment (2022-09-02): Rebuttal to Tax Transcript Suspense for [Redact] | 10/12/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218449127 | [Redact} | [Redact} | [Redact} | 26674061 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | Guidelines require 6 months reserves. Verified assets are insufficient and do not meet the minimum requirement. Per the final CD, the borrowers needed [Redact] to close (EMD [Redact] + Gift [Redact] + [Redact] Cash due at closing). The assets verified, using the assets stated on the AUS and final 1003, were [Redact] (EMD [Redact] + Gift [Redact] + [Redact] liquid assets). The borrowers are short funds to close of [Redact] + 6 months of PITIA assets required per the guides of [Redact], for a total of [Redact]. Provide additional asset documentation verifying at least [Redact] in assets eligible for closing and reserves. |  |  |  | Reviewer Comment (2022-09-02): Revised AUS and additional assets provided<br>Seller Comment (2022-09-02): Documentation to clear Suspense for Insufficient Funds to Close - [Redact]<br>Seller Comment (2022-09-02): Documentation to clear Asset Reserve Suspense against [Redact] | 09/02/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218449127 | [Redact} | [Redact} | [Redact} | 26706039 |  | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided |  | The file is missing a VOR or other documentation verifying the rental history for the last 12 months with zero late payments. Note: the file contained an LOE verifying the borrowers have been living rent free since [Redact]. The file is missing the prior 12 month rental history. |  |  |  | Reviewer Comment (2022-09-26): VOR for prior rental history provided<br>Seller Comment (2022-09-23): Apologies on that. There was a typo. Please refer to the attached corrected VOR form, thank you.<br>Reviewer Comment (2022-09-22): VOR provided verified a rental history from [Redact]. This does not match the final 1003. Per the final 1003 and the documentation in file, the borrower has been living rent free at the departure address since [Redact]. The file is missing housing history from [Redact]. Provide a revised 1003 correcting the housing history and proof of the housing pay history, as required by the guidelines. Condition remains<br>Seller Comment (2022-09-22): Please refer to the attached Verification of rent form borrower's previous landlord in [Redact]<br>Reviewer Comment (2022-09-09): The rebuttal provided states AUS and the Green Light guide does not require a VOR. However, the Express Jumbo program for the buyer requires the borrower's rental payment history to be verified for the most recent 12 months if there is no mortgage history. Specific documentation requirements for the VOR are also reflected in the Jumbo Express guide. Borrowers have been rent free for one month, but rented for > 2 years at the prior residence per the 1003. Exception remains.<br>Seller Comment (2022-09-08): Rebuttal to VOR Suspense for [Redact] | 09/26/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218449127 | [Redact} | [Redact} | [Redact} | 26706247 |  | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. |  | Per the final CD, the borrowers needed [Redact] to close (EMD [Redact] + Gift [Redact] + [Redact] Cash due at closing). The assets verified, using the assets stated on the AUS and final 1003, were [Redact] (EMD [Redact] + Gift [Redact] + [Redact] liquid assets). The borrowers are short funds to close of [Redact] + 6 months of PITIA assets required per the guides of [Redact], for a total of [Redact]. Provide additional asset documentation verifying at least [Redact] in assets eligible for closing and reserves. |  |  |  | Reviewer Comment (2022-09-02): Revised AUS and additional assets provided<br>Seller Comment (2022-09-02): Documentation to clear Suspense for Insufficient Funds to Close -[Redact] | 09/02/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218452621 | [Redact} | [Redact} | [Redact} | 26537518 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-09-28): Waived on Rate Lock: Collateral cleared by Custodian | 09/28/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218452621 | [Redact} | [Redact} | [Redact} | 26537519 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-09-28): Waived on Rate Lock: Collateral cleared by Custodian | 09/28/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218452621 | [Redact} | [Redact} | [Redact} | 26864581 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-09-23): Proof of receipt of appraisal provided<br>Seller Comment (2022-09-22): Please see the attached Appraisal, Delivery Waiver, and TRID History showing proof of delivery. | 09/23/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218453118 | [Redact} | [Redact} | [Redact} | 26541862 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-03): Waived on Rate Lock: Collateral cleared by Custodian | 10/03/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218453118 | [Redact} | [Redact} | [Redact} | 26541863 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-03): Waived on Rate Lock: Collateral cleared by Custodian | 10/03/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218453118 | [Redact} | [Redact} | [Redact} | 26898551 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-10-03): Secondary valuation obtained | 10/03/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218453180 | [Redact} | [Redact} | [Redact} | 26543219 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-09-12): Waived on Rate Lock: Collateral cleared by Custodian | 09/12/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218453180 | [Redact} | [Redact} | [Redact} | 26543220 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-09-12): Waived on Rate Lock: Collateral cleared by Custodian | 09/12/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218453180 | [Redact} | [Redact} | [Redact} | 26792468 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  |  |  |  |  | Reviewer Comment (2022-09-08): Client elected to waive the condition |  |  | 09/08/2022 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218481804 | [Redact} | [Redact} | [Redact} | 26598892 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-09-01): Waived on Rate Lock: Collateral cleared by Custodian | 09/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218481804 | [Redact} | [Redact} | [Redact} | 26598893 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-09-01): Waived on Rate Lock: Collateral cleared by Custodian | 09/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218481804 | [Redact} | [Redact} | [Redact} | 26696186 |  | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided |  | The file was missing a copy of the 1004 appraisal. |  |  |  | Reviewer Comment (2022-09-02): Appraisal provided<br>Seller Comment (2022-09-02): Appraisal | 09/02/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218481804 | [Redact} | [Redact} | [Redact} | 26696384 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing.; Sec ID: 1 |  | The file contained a CDA but was missing the full 1004 appraisal. |  |  |  | Reviewer Comment (2022-09-02): Appraisal provided<br>Seller Comment (2022-09-02): Appraisal | 09/02/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218481804 | [Redact} | [Redact} | [Redact} | 26715238 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) |  |  |  |  | Reviewer Comment (2022-09-08): Seller provided revised documentation and income calculations using documentation provided in the initial file. The DTI is below the program max.<br>Seller Comment (2022-09-07): [Redact] Rebuttal DTI | 09/08/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218481804 | [Redact} | [Redact} | [Redact} | 26715240 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation failure due to QM failure. This exception will be cleared when all QM related exceptions are cleared. |  |  |  | Reviewer Comment (2022-09-08): Seller provided revised documentation and income calculations using documentation provided in the initial file. The DTI is below the program max. | 09/08/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status D C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218481804 | [Redact} | [Redact} | [Redact} | 26715242 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | DTI of [Redact] is > the guideline allowable DTI of [Redact]. The lender considered 2022 bonus income for the co-borrower that is considered a one-time bonus - sign on and referral bonus per YTD paystub. This bonus income will not continue and has not been considered by diligence. Please provide additional support for using bonus income for the co-borrower, inclusive of the 2021 breakdown. If the 2021 income was not sign-on or referral bonus, the income could be further reviewed. |  |  |  | Reviewer Comment (2022-09-08): Seller provided revised documentation and income calculations using documentation provided in the initial file. The DTI is below the program max.<br>Seller Comment (2022-09-07): [Redact] Rebuttal DTI | 09/08/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218481804 | [Redact} | [Redact} | [Redact} | 26715249 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | QM risk due to excessive DTI. This exception will be cleared when all QM related exceptions are cleared. |  |  |  | Reviewer Comment (2022-09-08): Seller provided revised documentation and income calculations using documentation provided in the initial file. The DTI is below the program max.<br>Seller Comment (2022-09-07): [Redact] Rebuttal DTI | 09/08/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218487489 | [Redact} | [Redact} | [Redact} | 26614370 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-09-27): Waived on Rate Lock: Collateral cleared by Custodian | 09/27/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218487489 | [Redact} | [Redact} | [Redact} | 26614371 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-09-27): Waived on Rate Lock: Collateral cleared by Custodian | 09/27/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218487489 | [Redact} | [Redact} | [Redact} | 26664258 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-08-30): Secondary valuation obtained | 08/30/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218487489 | [Redact} | [Redact} | [Redact} | 26664450 |  | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | HOEPA disclosure was not provided to the Borrower. Note: loan failed high-cost testing due to the excessive QM Points and Fees. The file is missing proof of the undiscounted (par) rate and the undiscounted rate price to determine if any of the discount points are bona fide. |  |  |  | Reviewer Comment (2022-08-30): Seller provided the undiscounted interest rate and undiscounted interest rate price. A portion of the discount points were bona fide.<br>Seller Comment (2022-08-30): LDR<br>Seller Comment (2022-08-30): The undiscounted price is always [Redact]. Please see attached Loan Detail Report (High Cost Test). Buydown is [Redact].<br>Reviewer Comment (2022-08-29): Additional documentation was provided to verify a portion of the discount points were bona fide; however the file is still missing proof of either the premium or the amount of discount points required to obtain the undiscounted interest rate. Condition remains<br>Seller Comment (2022-08-29): QM, HC<br>Seller Comment (2022-08-29): Disagree: Please see the attached QM and High Cost Test. Difference in Par rate vs. APOR is [Redact], allowing for 2% in bona fide discount points, or [Redact], reducing the Total P&Fs to [Redact], or [Redact]. Loan passes HOEPA. | 08/30/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218487489 | [Redact} | [Redact} | [Redact} | 26664451 |  | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of 4% of the amount past due or grace period of less than 15 days. | HOEPA disclosure was not provided to the Borrower. Note: loan failed high-cost testing due to the excessive QM Points and Fees. The file is missing proof of the undiscounted (par) rate and the undiscounted rate price to determine if any of the discount points are bona fide. |  |  |  | Reviewer Comment (2022-08-30): Seller provided the undiscounted interest rate and undiscounted interest rate price. A portion of the discount points were bona fide.<br>Seller Comment (2022-08-30): LDR<br>Seller Comment (2022-08-30): The undiscounted price is always [Redact]. Please see attached Loan Detail Report (High Cost Test). Buydown is [Redact].<br>Reviewer Comment (2022-08-29): Additional documentation was provided to verify a portion of the discount points were bona fide; however the file is still missing proof of either the premium or the amount of discount points required to obtain the undiscounted interest rate. Condition remains<br>Seller Comment (2022-08-29): QM, HC<br>Seller Comment (2022-08-29): Disagree: Please see the attached QM and High Cost Test. Difference in Par rate vs. APOR is [Redact], allowing for 2% in bona fide discount points, or [Redact], reducing the Total P&Fs to [Redact], or [Redact]. Loan passes HOEPA. | 08/30/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218487489 | [Redact} | [Redact} | [Redact} | 26664452 |  | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of [Redact] of the Federal Total Loan Amount. Points and Fees of [Redact] on a Federal Total Loan Amount of [Redact] vs. an allowable total of [Redact] (an overage of [Redact] or [Redact]). Non-Compliant High Cost Loan. | Loan failed high-cost testing due to the excessive QM Points and Fees. The file is missing proof of the undiscounted (par) rate and the undiscounted rate price to determine if any of the discount points are bona fide. |  |  |  | Reviewer Comment (2022-08-30): Seller provided the undiscounted interest rate and undiscounted interest rate price. A portion of the discount points were bona fide.<br>Seller Comment (2022-08-30): LDR<br>Seller Comment (2022-08-30): The undiscounted price is always [Redact]. Please see attached Loan Detail Report (High Cost Test). Buydown is [Redact].<br>Reviewer Comment (2022-08-29): Additional documentation was provided to verify a portion of the discount points were bona fide; however the file is still missing proof of either the premium or the amount of discount points required to obtain the undiscounted interest rate. Condition remains<br>Seller Comment (2022-08-29): QM, HC<br>Seller Comment (2022-08-29): Disagree: Please see the attached QM and High Cost Test. Difference in Par rate vs. APOR is [Redact], allowing for 2% in bona fide discount points, or [Redact], reducing the Total P&Fs to [Redact], or [Redact]. Loan passes HOEPA. | 08/30/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. D C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218487489 | [Redact} | [Redact} | [Redact} | 26664453 |  | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | HOEPA disclosure was not provided to the Borrower. Note: loan failed high-cost testing due to the excessive QM Points and Fees. The file is missing proof of the undiscounted (par) rate and the undiscounted rate price to determine if any of the discount points are bona fide. |  |  |  | Reviewer Comment (2022-08-30): Seller provided the undiscounted interest rate and undiscounted interest rate price. A portion of the discount points were bona fide.<br>Seller Comment (2022-08-30): LDR<br>Seller Comment (2022-08-30): The undiscounted price is always [Redact]. Please see attached Loan Detail Report (High Cost Test). Buydown is [Redact].<br>Reviewer Comment (2022-08-29): Additional documentation was provided to verify a portion of the discount points were bona fide; however the file is still missing proof of either the premium or the amount of discount points required to obtain the undiscounted interest rate. Condition remains<br>Seller Comment (2022-08-29): QM, HC<br>Seller Comment (2022-08-29): Disagree: Please see the attached QM and High Cost Test. Difference in Par rate vs. APOR is [Redact], allowing for 2% in bona fide discount points, or [Redact], reducing the Total P&Fs to [Redact], or [Redact]. Loan passes HOEPA. | 08/30/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218487489 | [Redact} | [Redact} | [Redact} | 26664455 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees 2021 | Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of [Redact] of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an allowable total of [Redact] (an overage of [Redact] or [Redact]). | The file is missing proof of the undiscounted (par) rate and the undiscounted rate price to determine if any of the discount points are bona fide. |  |  |  | Reviewer Comment (2022-08-30): Seller provided the undiscounted interest rate and undiscounted interest rate price. A portion of the discount points were bona fide.<br>Seller Comment (2022-08-30): LDR<br>Seller Comment (2022-08-30): The undiscounted price is always [Redact]. Please see attached Loan Detail Report (High Cost Test). Buydown is [Redact].<br>Reviewer Comment (2022-08-29): Additional documentation was provided to verify a portion of the discount points were bona fide; however the file is still missing proof of either the premium or the amount of discount points required to obtain the undiscounted interest rate. Condition remains<br>Seller Comment (2022-08-29): QM, HC<br>Seller Comment (2022-08-29): Disagree: Please see the attached QM and High Cost Test. Difference in Par rate vs. APOR is [Redact], allowing for 2% in bona fide discount points, or [Redact], reducing the Total P&Fs to [Redact], or [Redact]. Loan passes QM. | 08/30/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218487489 | [Redact} | [Redact} | [Redact} | 26664458 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Insufficient or no cure was provided to the borrower. | 10% tolerance was exceeded by [Redact] due to increase of title fees. No valid COC provided, and cure of [Redact] is insufficient. Provide a post-close CD disclosing the tolerance cure to include additional [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-09-08): [Redact] received explanation from Lender that Title-Abstract or Title Search fee and Title-Lien Search are synonymous and were combined as one from LE dated [Redact]. The cure provide at closing is sufficient to clear the exception.<br>Seller Comment (2022-09-07): The Title-Abstract or Title Search fee and Title-Lien Search are synonymous and were combined as one. By combining these two the baseline for this fee did not change until the [Redact] CD when the fee was lowered to [Redact] by the title agent. The new10% threshold for this CD was [Redact] making the full 10% tolerance at closing [Redact] which was on the final CD.<br>Reviewer Comment (2022-08-31): [Redact] received rebuttal Title - Lien Search fee [Redact] is not disclosed on final CD hence this fee is not considered under 10% tolerance calculation. <br> Kindly provide cure documents for remaining amount.<br>Seller Comment (2022-08-30): Disagree: Please double check math on initial LE: Title-Abstract/Search [Redact], Title-Endorsement Fee [Redact], Title-Lien Search [Redact], Title-Lender's Coverage Premium [Redact], Title-Settlment/Closing Fee [Redact] + Section E 'Recording Fee [Redact] = [Redact]. [Redact]+10%= [Redact]. 10% fees on final CD are: Title-Abstract/Search [Redact], Title-Endorsement Fee [Redact], Title-Lien Search [Redact], Title-Lender's Coverage Premium [Redact], Title-Settlment/Closing Fee [Redact] + Section E 'Recording Fee [Redact] = [Redact]. Total violation is [Redact]. Cure provided is sufficient is both 10% and 0% violations.<br>Reviewer Comment (2022-08-30): [Redact] - 10% tolerance violation is based on fees that were disclosed on initial LE & fees that are actually charged at consummation. TRID 7.8 What if the creditor estimates a charge for a service that is not actually performed? (Comment 19(e)(3)(ii)-5)The creditor should compare the sum of the charges actually paid by or imposed on theconsumer with the sum of the estimated charges on the Loan Estimate that are actually performed. If a service is not performed, the estimate for that charge should be removed fromthe total amount of estimated charges.(Comment 19(e)(3)(ii)-5. <br> 10% fees on initial LE are: Title-Abstract/Search [Redact], Title-Endorsement Fee [Redact], Title-Lien Search [Redact], Title-Lender's Coverage Premium [Redact], Title-Settlment/Closing Fee [Redact] + Section E 'Recording Fee [Redact] = [Redact]. 10% Threshold is [Redact] + 10% = [Redact]. 10% fees on final CD are: Title-Abstract/Search [Redact], Title-Endorsement Fee [Redact], Title-Lender's Coverage Premium [Redact], Title-Settlment/Closing Fee [Redact] + Section E 'Recording Fee [Redact] = [Redact]. Total violation for 10% fees is [Redact]. Cure provided at closing was [Redact] which included [Redact] for Credit Report Fee 0% violation. Remaining cure due is [Redact]. Please provide remaining cure for [Redact]. Cure docs consist of PCCD, LOE, copy of check & proof of mailing. Exception remains.<br>Seller Comment (2022-08-29): Disagree: Title fees originally disclosed at [Redact]. [Redact]+10%= [Redact]. Final Title fess = [Redact]. [Redact] - [Redact] = [Redact]. Lender Credit covers the tolerance. | 09/08/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218487489 | [Redact} | [Redact} | [Redact} | 26664506 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Condition will be cleared when all QM exceptions are cleared. |  |  |  | Reviewer Comment (2022-08-30): Seller provided the undiscounted interest rate and undiscounted interest rate price. A portion of the discount points were bona fide.<br>Seller Comment (2022-08-30): LDR<br>Seller Comment (2022-08-30): The undiscounted price is always [Redact]. Please see attached Loan Detail Report (High Cost Test). Buydown is [Redact].<br>Reviewer Comment (2022-08-29): Additional documentation was provided to verify a portion of the discount points were bona fide; however the file is still missing proof of either the premium or the amount of discount points required to obtain the undiscounted interest rate. Condition remains<br>Seller Comment (2022-08-29): QM, HC<br>Seller Comment (2022-08-29): Disagree: Please see the attached QM and High Cost Test. Difference in Par rate vs. APOR is [Redact], allowing for 2% in bona fide discount points, or [Redact], reducing the Total P&Fs to [Redact], or [Redact]. Loan passes QM. | 08/30/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status D C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218487489 | [Redact} | [Redact} | [Redact} | 26795518 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | [Redact] received explanation from Lender that Title-Abstract or Title Search fee and Title-Lien Search are synonymous and were combined as one from LE dated [Redact]. The cure provide at closing is sufficient to clear the exception. |  |  |  | Reviewer Comment (2022-09-08): Sufficient Cure Provided At Closing |  | 09/08/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218487699 | [Redact} | [Redact} | [Redact} | 26615477 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-08-29): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-08-26): (Rate Lock) Note Delivered via [Redact] #: [Redact] | 08/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218487699 | [Redact} | [Redact} | [Redact} | 26615478 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-08-29): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-08-26): (Rate Lock) Note Delivered via [Redact] #: [Redact] | 08/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218487699 | [Redact} | [Redact} | [Redact} | 26647745 |  | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. |  | The file is missing the required tax transcripts or W2 transcripts to support the borrower's income, as required by the guidelines. |  |  |  | Reviewer Comment (2022-09-28): W2 Transcripts provided. Exceptions cleared.<br>Seller Comment (2022-09-28): (Rate Lock) See 2020, 2021 W2 transcripts for B1 | 09/28/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218487699 | [Redact} | [Redact} | [Redact} | 26648349 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-08-29): Secondary valuation provided<br>Seller Comment (2022-08-29): (Rate Lock) CDA<br>Reviewer Comment (2022-08-25): Lender provided an AVM. Per the guidelines, a CDA is required when the CU Score is > 2.5. Condition remains<br>Seller Comment (2022-08-25): (Rate Lock) See AVM | 08/29/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218487699 | [Redact} | [Redact} | [Redact} | 26648455 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-08-24): Sufficient Cure Provided At Closing |  | 08/24/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218500750 | [Redact} | [Redact} | [Redact} | 26649396 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-09-29): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-09-27): (Rate Lock) Note delivered via [Redact] #: [Redact] | 09/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218500750 | [Redact} | [Redact} | [Redact} | 26649397 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-09-29): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-09-27): (Rate Lock) Note delivered via [Redact] #: [Redact] | 09/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218513932 | [Redact} | [Redact} |  | 26666109 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | File is missing statement for REO property at [Redact]. Unable to verify PITIHOA. |  |  |  | Reviewer Comment (2022-08-12): Received all REO documents for property '[Redact]'. Exception cleared.<br>Buyer Comment (2022-08-11): REO docs | 08/12/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218513932 | [Redact} | [Redact} |  | 26666110 |  | Credit | Credit | Credit Documentation | Credit | Credit Report Error: Months Reported was not provided |  | [Redact] revolving account payment of [Redact] reflected on loan application does not report on the credit report, unable to validate this obligation. |  |  |  | Reviewer Comment (2022-08-12): Received LOX confirming UW added this debt to payments showing on the bank statement to be conservative ([Redact] #[Redact], #[Redact] & #[Redact]). Exception cleared.<br>Buyer Comment (2022-08-11): LOX uploaded | 08/12/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218513932 | [Redact} | [Redact} |  | 26666114 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-08-15): [Redact] received COC dated [Redact] and LOE.<br>Buyer Comment (2022-08-12): LOE regarding appraisal COC<br>Reviewer Comment (2022-08-11): [Redact] - Appraisal Fee increased on [Redact] LE to [Redact]. [Redact] COC does not provide adequate information that could explain the cause & how the appraisal fee was impacted. Awaiting for additional information from lender. Exception remains.<br>Buyer Comment (2022-08-10): Please re-evaluate. The COC dated [Redact] goes along with the final LE dated [Redact] see D0182. Timing requirements was in fact met. However, we will request that the lender provide additional information for impacted the appraisal fee to increase.<br>Reviewer Comment (2022-08-10): [Redact] upon further review the COC dated [Redact] for increase in appraisal fee however, the fee was increased on CD dated [Redact] so the COC is not within 3 days of change disclosed. Also, reason provided for increase in appraisal fee is not sufficient to validate the change. We need additional information for the services that are required and how they impacted the appraisal fee to increase. Kindly provide the COC for CD dated [Redact] with detailed reason for change or need cure documents.<br>Buyer Comment (2022-08-08): Please see COC D0140 regarding the fee increase | 08/15/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218513932 | [Redact} | [Redact} |  | 26666116 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Cure provided at closing, this issue will be resolved when all other open tolerance issues have been corrected. |  |  |  | Reviewer Comment (2022-08-15): [Redact]: Sufficient cure provided at closing.<br>Buyer Comment (2022-08-12): Please see the LOE uploaded to validate the COC for the appraisal fee increase. Transfer tax cured at close.<br>Reviewer Comment (2022-08-09): [Redact] agree with the comment. Sufficient cure was provided at closing. However, this exception will be cleared once we receive any resolution or cure for another cited Appraisal fee exception.<br>Buyer Comment (2022-08-08): Please re-evaluate. Cure provided at closing. See final CD dated [Redact] | 08/15/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218513932 | [Redact} | [Redact} |  | 26666118 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | [Redact]: Sufficient cure provided at closing. |  |  |  | Reviewer Comment (2022-08-15): Sufficient Cure Provided At Closing |  | 08/15/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218532009 | [Redact} | [Redact} | [Redact} | 26670725 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-26): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-10-19): Tracking for collateral package | 10/26/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218532009 | [Redact} | [Redact} | [Redact} | 26670726 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-26): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-10-19): Tracking for collateral package | 10/26/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218532009 | [Redact} | [Redact} | [Redact} | 26984253 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___<br> Disaster Declaration Date: ___ | The subject property is located in FEMA disaster area that does not have a declared end date. The appraisal was performed after the FEMA declaration start date but prior to declared end date | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redact] | SitusAMC,Aggregator | Reviewer Comment (2022-10-20): Client elects to waive the condition based on the post-disaster inspection obtained prior to the declared end date.<br>Seller Comment (2022-10-19): Disaster Inspection |  |  | 10/20/2022 | 2 C B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218532009 | [Redact} | [Redact} | [Redact} | 26984778 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Excess Cure was provided at closing |  |  |  | Reviewer Comment (2022-10-14): Sufficient Cure Provided At Closing |  | 10/14/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218532009 | [Redact} | [Redact} | [Redact} | 26988677 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | File is missing the 2021 personal tax returns. The file contained the 2020 returns, the 2021 extension and proof of no record found IRS transcript. |  |  |  |  |  |  | 10/17/2022 | 2 B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218608593 | [Redact} | [Redact} | [Redact} | 26719088 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-10): Waived on Rate Lock: Collateral cleared by Custodian | 10/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218608593 | [Redact} | [Redact} | [Redact} | 26719089 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-10): Waived on Rate Lock: Collateral cleared by Custodian | 10/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218608593 | [Redact} | [Redact} | [Redact} | 26913658 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Loan Origination Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made |  |  |  | Reviewer Comment (2022-10-05): [Redact] received a valid Changed Circumstance on [Redact].<br>Seller Comment (2022-10-04): Please see the attached CofC and Revised CD. Borrower requested change; By switching this to borrower paid, it reduces the need to charge discount points because the borrower is paying the compensation directly. | 10/05/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218608594 | [Redact} | [Redact} | [Redact} | 26719091 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-10): Waived on Rate Lock: Collateral cleared by Custodian | 10/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218608594 | [Redact} | [Redact} | [Redact} | 26719092 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-10): Waived on Rate Lock: Collateral cleared by Custodian | 10/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218608594 | [Redact} | [Redact} | [Redact} | 26912344 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Second Appraisal Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-10-05): [Redact]: Sufficient cure provided at closing.<br>Seller Comment (2022-10-04): Please see the attached Final CD, page 2 highlighted. A Lender Credit of [Redact] was provided to cure the tolerance. | 10/05/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218608594 | [Redact} | [Redact} | [Redact} | 26931835 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. |  |  |  | Reviewer Comment (2022-10-06): Sufficient Cure Provided At Closing |  | 10/06/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218671420 | [Redact} | [Redact} | [Redact} | 26760534 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-09-28): Waived on Rate Lock: Collateral cleared by Custodian | 09/28/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218671420 | [Redact} | [Redact} | [Redact} | 26760535 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-09-28): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-09-27): The [Redact] tracking number is [Redact]. See attached delivery confirmation. Thank you. | 09/28/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218671420 | [Redact} | [Redact} | [Redact} | 26881954 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  |  |  |  |  | Reviewer Comment (2022-09-26): Client elected to waive the condition |  |  | 09/26/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218671420 | [Redact} | [Redact} | [Redact} | 26882890 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided |  | The file was missing a copy of the DU findings used in the lender's approval. Findings may only reflect a rating of Approve/Ineligible for the loan amount. Additional exceptions may apply upon receipt. |  |  |  | Reviewer Comment (2022-09-27): AUS provided. Exception cleared.<br>Seller Comment (2022-09-27): see attached DU | 09/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218671420 | [Redact} | [Redact} | [Redact} | 26883208 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | 2021 1040 tax transcript reflected no results returned, as the 2021 1040 was just filed per the IRS stamped tax return. The 2020 1040 tax transcript is required for this self-employed borrower per the guidelines and was missing from the file. |  |  |  | Reviewer Comment (2022-10-04): Transcript provided<br>Seller Comment (2022-10-04): See attached 2020 tax return transcripts for the 1040's. Thank you. | 10/04/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218671420 | [Redact} | [Redact} | [Redact} | 26883220 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | This property is a condominium. Evidence of HOA dues was missing from the file. Also, please confirm if the H06 is escrowed, or if this was considered in addition to the HOA dues. |  |  |  | Reviewer Comment (2022-09-28): HOI Policy and HOA verification provided. Verified Insurance not escrowed. Exception cleared.<br>Seller Comment (2022-09-28): see attached document for HOA dues and document to show borr paid HO6 policy in full, showing it is NOT escrowed.<br>Reviewer Comment (2022-09-27): This exception is for property located at [Redact]<br>Seller Comment (2022-09-27): property is not a condominium. see attached appraisal. | 09/28/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218681977 | [Redact} | [Redact} | [Redact} | 26765084 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-07): Waived on Rate Lock: Collateral cleared by Custodian | 10/07/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218681977 | [Redact} | [Redact} | [Redact} | 26765085 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-07): Waived on Rate Lock: Collateral cleared by Custodian | 10/07/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218681977 | [Redact} | [Redact} | [Redact} | 26904571 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. Loan file contains several Appraisal Notice docs showing borrower receipt, but unable to associate which Appraisal was provided as loan file requires two full appraisals. |  |  |  | Reviewer Comment (2022-10-05): Proof of delivery of appraisals provided<br>Seller Comment (2022-10-04): Please see the attached Appraisal 1 & 2, Receipt Confirmations, and Delivery Waiver. | 10/05/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218707911 | [Redact} | [Redact} | [Redact} | 26799141 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-09-29): Waived on Rate Lock: Collateral cleared by Custodian | 09/29/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218707911 | [Redact} | [Redact} | [Redact} | 26799142 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-09-29): Waived on Rate Lock: Collateral cleared by Custodian | 09/29/2022 |  |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218707911 | [Redact} | [Redact} | [Redact} | 26881961 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  |  |  |  |  | Reviewer Comment (2022-09-26): Client elected to waive the condition |  |  | 09/26/2022 | 2 B |  | [Redact} | Primary | Refinance - Rate/Term | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218707911 | [Redact} | [Redact} | [Redact} | 26885291 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file was missing the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-09-30): CDA provided. Exception cleared. | 09/30/2022 |  |  | 1 D A |  | [Redact} | Primary | Refinance - Rate/Term | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218707911 | [Redact} | [Redact} | [Redact} | 26886576 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Discount points were not disclosed on the LE, but were disclosed as [Redact] on the final CD. No valid COC was provided for this change, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure of [Redact], a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made. NOTE - The lender approved an exception on the loan and rate lock documentation in the file confirms this was why the points increased, however, additional information is needed. Please provide documentation that supports what this exception was for and when the lender approved it to document this pricing change and the timeframe in which it occurred. |  |  |  | Reviewer Comment (2022-09-28): [Redact] Received Valid COC.<br>Seller Comment (2022-09-27): Please see the attached CofC, Lock Confirmation, and Revised CD. New information was discovered about the borrower which increased pricing of the loan. This change was disclosed to and executed by the borrower on the revised CD. | 09/28/2022 |  |  | 1 C A |  | [Redact} | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |

| 218707911 | [Redact} | [Redact} | [Redact} | 26898189 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-09-28): Sufficient Cure Provided At Closing |  | 09/28/2022 |  | 1 A |  | [Redact} | Primary | Refinance - Rate/Term | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218707912 | [Redact} | [Redact} | [Redact} | 26799144 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-18): Waived on Rate Lock: Collateral cleared by Custodian | 10/18/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218707912 | [Redact} | [Redact} | [Redact} | 26799145 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-18): Waived on Rate Lock: Collateral cleared by Custodian | 10/18/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218707912 | [Redact} | [Redact} | [Redact} | 26956791 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___<br> Disaster Declaration Date: ___ | The subject property is located in a FEMA disaster area that does not have a declared end date. The appraisal was performed after the FEMA declaration start date but prior to the declared end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redact] | SitusAMC,Aggregator | Reviewer Comment (2022-10-19): Client elected to waive the condition<br>Seller Comment (2022-10-18): [Redact] Please see FEMA document attached. |  |  | 10/19/2022 | 2 C B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218707914 | [Redact} | [Redact} | [Redact} | 26799150 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-10): Waived on Rate Lock: Collateral cleared by Custodian | 10/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218707914 | [Redact} | [Redact} | [Redact} | 26799151 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-10): Waived on Rate Lock: Collateral cleared by Custodian | 10/10/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218707914 | [Redact} | [Redact} | [Redact} | 26883501 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes |  |  |  | Reviewer Comment (2022-09-30): CDA provided. Exception cleared. | 09/30/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218713884 | [Redact} | [Redact} | [Redact} | 26800205 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-09-22): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-09-21): sent via [Redact] [Redact] | 09/22/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218713884 | [Redact} | [Redact} | [Redact} | 26800206 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-09-22): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-09-21): sent via [Redact] [Redact] | 09/22/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218713884 | [Redact} | [Redact} | [Redact} | 26849935 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  |  |  |  |  | Reviewer Comment (2022-09-20): Client elected to waive the condition |  |  | 09/20/2022 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218713884 | [Redact} | [Redact} | [Redact} | 26858106 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower. |  |  |  |  | Reviewer Comment (2022-09-20): Sufficient Cure Provided within 60 Days of Closing |  | 09/20/2022 |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218714142 | [Redact} | [Redact} | [Redact} | 26801253 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-14): Waived on Rate Lock: Collateral cleared by Custodian | 10/14/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218714142 | [Redact} | [Redact} | [Redact} | 26801254 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-14): Waived on Rate Lock: Collateral cleared by Custodian | 10/14/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218714142 | [Redact} | [Redact} | [Redact} | 26938466 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  |  |  |  |  | Reviewer Comment (2022-10-21): Received Fraud Report, Exception cleared.<br>Seller Comment (2022-10-20): (Rate Lock) fraud rpt | 10/21/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218714142 | [Redact} | [Redact} | [Redact} | 26938581 |  | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file |  |  |  |  |  | Reviewer Comment (2022-10-21): Received Fraud Report, Exception cleared.<br>Seller Comment (2022-10-20): (Rate Lock) fraud rpt | 10/21/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218720541 | [Redact} | [Redact} | [Redact} | 26805416 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-12): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-10-11): (Rate Lock) note/allonge tracking | 10/12/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218720541 | [Redact} | [Redact} | [Redact} | 26805417 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-12): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-10-11): (Rate Lock) note/allonge tracking | 10/12/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218721156 | [Redact} | [Redact} | [Redact} | 26806328 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-11-22): Waived on Rate Lock: Collateral cleared by Custodian | 11/22/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218721156 | [Redact} | [Redact} | [Redact} | 26806329 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-11-22): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-11-15): (Rate Lock) [Redact] | 11/22/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218721156 | [Redact} | [Redact} | [Redact} | 27253260 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-11-15): Sufficient Cure Provided At Closing |  | 11/15/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218725148 | [Redact} | [Redact} | [Redact} | 26812543 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-28): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-10-26): sent via [Redact] [Redact] | 10/28/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218725148 | [Redact} | [Redact} | [Redact} | 26812544 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-28): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-10-26): sent via [Redact] [Redact] | 10/28/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218725148 | [Redact} | [Redact} | [Redact} | 27035096 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. |  |  |  |  |  |  | 10/24/2022 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218746175 | [Redact} | [Redact} | [Redact} | 26834243 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-11-23): Waived on Rate Lock: Collateral cleared by Custodian | 11/23/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218746175 | [Redact} | [Redact} | [Redact} | 26834244 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-11-23): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-11-23): See attached. The [Redact] tracking number for the collateral file is [Redact] and was successfully delivered to your office on [Redact]. Thank you. | 11/23/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218746175 | [Redact} | [Redact} | [Redact} | 27270958 |  | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. |  | The file is missing the guideline required tax transcripts. Note: W2 transcripts are acceptable if wage income only is used to qualify. |  |  |  | Reviewer Comment (2022-11-22): IRS transcripts provided<br>Seller Comment (2022-11-21): [Redact] transcripts attached. Thank you. | 11/22/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218746175 | [Redact} | [Redact} | [Redact} | 27270959 |  | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. |  | The file is missing the guideline required tax transcripts. Note: W2 transcripts are acceptable if wage income only is used to qualify. |  |  |  | Reviewer Comment (2022-11-22): IRS transcripts provided<br>Seller Comment (2022-11-21): [Redact] transcripts attached. Thank you. | 11/22/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218746175 | [Redact} | [Redact} | [Redact} | 27284400 |  | Credit | Missing Document | General | Missing Document | Missing Document: Donor Check not provided |  | Missing proof of wire as stated on the Final CD |  |  |  | Reviewer Comment (2022-11-22): Proof of wire to title company was provided<br>Seller Comment (2022-11-21): evidence of inbound gift wire attached. Thank you. | 11/22/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218746175 | [Redact} | [Redact} | [Redact} | 27284459 |  | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided |  | Final 1003 states borrower has been renting current residence however VOR was not provided in the file. There is a LOX for co-borrower that they have been living rent free. |  |  |  | Reviewer Comment (2022-12-07): Rent-free letter provided for both borrowers.<br>Seller Comment (2022-12-07): See attached letter from the property owners of [Redact], [Redact]<br>Reviewer Comment (2022-12-05): The revised 1003 will not clear the condition. A letter of explanation confirming the borrower is living rent free from the property owner is required.<br>Seller Comment (2022-12-02): Good afternoon. Ple3ase refer to the attached 1003 without any rent amount showing. Our management team has been advised by [Redact]credit policy that this is what is needed to satisfy this condition. If you need to speak with me by telephone, my direct line is [Redact]. If you prefer to send me an e-mail, my address is:[Redact]<br>Thank you for your time and assistance.<br>Respectfully,<br>[Redact]<br> Senior Forensic Underwriter <br> D [Redact]<br>[Redact]<br>Reviewer Comment (2022-11-23): Proof of ownership of the property identified the borrower's current residence, living rent free, was provided. However, the file is still missing an explanation letter from the owner of the property confirming the borrower is living rent free.<br>Seller Comment (2022-11-23): [Redact] received gift from [Redact], who resides as a renter at [Redact]. That property is owned by [Redact]. See attached [Redact] property records and [Redact] report.<br>Reviewer Comment (2022-11-23): Lender rebuttal states borrower is living rent free with his family member at [Redact], which is the address of the gift donor. There is no documentation in file to confirm the owner of this property or a letter from the owner confirming the borrower is living rent free. Note: the file contains documentation that the gift donor owns another property, [Redact], and a letter from the borrower stating he lived at this prior property and it is in his wife's name, but nothing to support the borrower living rent free at [Redact]. Condition remains<br>Seller Comment (2022-11-23): A VOR is not needed as the borrowers have documented a prior housing history. The 1003 has been updated to show [Redact] has been living with his family member at [Redact], which is the address of the gift donor. | 12/07/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218746175 | [Redact} | [Redact} | [Redact} | 27284592 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan Designation determined to be QM (APOR) Fail due to missing income documents. |  |  |  | Reviewer Comment (2022-11-22): IRS transcripts provided in lieu of signed and dated tax returns.<br>Seller Comment (2022-11-21): QM memorandum attached. Thank you. | 11/22/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218746175 | [Redact} | [Redact} | [Redact} | 27284593 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - Schedule C | General QM: Unable to verify Sole Proprietorship income using reasonably reliable third-party records. | File is missing most recent signed and dated 1040's, most recent tax transcripts, Audited YTD P&L or 1099. |  |  |  | Reviewer Comment (2022-11-22): IRS transcripts provided in lieu of signed and dated tax returns.<br>Seller Comment (2022-11-21): [Redact] 1040 and transcripts attached. Thank you. | 11/22/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218746175 | [Redact} | [Redact} | [Redact} | 27284595 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-11-17): Sufficient Cure Provided At Closing |  | 11/17/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218746341 | [Redact} | [Redact} | [Redact} | 26834436 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-09-29): Waived on Rate Lock: Collateral cleared by Custodian | 09/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218746341 | [Redact} | [Redact} | [Redact} | 26834437 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-09-29): Waived on Rate Lock: Collateral cleared by Custodian | 09/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218782119 | [Redact} | [Redact} | [Redact} | 26860241 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-31): Waived on Rate Lock: Collateral cleared by Custodian | 10/31/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218782119 | [Redact} | [Redact} | [Redact} | 26860242 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-31): Waived on Rate Lock: Collateral cleared by Custodian | 10/31/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218782119 | [Redact} | [Redact} | [Redact} | 27061746 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Missing the document the borrower signed at closing confirming that they received the appraisal at least 3 business days prior or a timing waiver. |  |  |  |  |  |  | 10/27/2022 | 2 B |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218782119 | [Redact} | [Redact} | [Redact} | 27062009 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___<br> Disaster Declaration Date: ___ | The subject property is located in a FEMA disaster area that does not have a declared end date. The appraisal was performed after the FEMA declaration start date but prior to the declared end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redact] | SitusAMC,Aggregator | Reviewer Comment (2022-10-27): Client elects to waive the condition based on the post-disaster inspection obtained prior to the declared end date. |  |  | 10/27/2022 | 2 B |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218782119 | [Redact} | [Redact} | [Redact} | 27062184 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-10-31): Secondary valuation obtained | 10/31/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218784233 | [Redact} | [Redact} | [Redact} | 26872243 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-12): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-10-12): [Redact] | 10/12/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218784233 | [Redact} | [Redact} | [Redact} | 26872244 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-12): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-10-12): [Redact] | 10/12/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218784233 | [Redact} | [Redact} | [Redact} | 26954651 |  | Credit | Missing Document | General | Missing Document | Missing Document: Cancelled Check(s) not provided |  | Per the guidelines, 12 months cancelled checks or bank statements are required to verify the rental history if the VOR is from an individual. The file contained a VOR for the rental term beginning [Redact]. Provide the 9 months cancelled checks or bank statements for the current rent of [Redact] per month and the cancelled checks or bank statements for the prior 3 months to verify the required 12 months. |  |  |  | Reviewer Comment (2022-10-20): VOR and cancelled checks provided to verify the rental history<br>Seller Comment (2022-10-19): VOR<br>Reviewer Comment (2022-10-13): Bank statements for the current rent from [Redact] to [Redact] was provided. The file is still missing verification of rent for the prior residence from [Redact]. Condition remains<br>Seller Comment (2022-10-13): VOR | 10/20/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218784233 | [Redact} | [Redact} | [Redact} | 26954681 |  | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. |  | The file is missing the guideline required IRS tax transcripts to support the borrower's self-employment income. |  |  |  | Reviewer Comment (2022-10-13): Transcript provided<br>Seller Comment (2022-10-13): Transcripts | 10/13/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218805769 | [Redact} | [Redact} | [Redact} | 26906321 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-31): Waived on Rate Lock: Collateral cleared by Custodian | 10/31/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218805769 | [Redact} | [Redact} | [Redact} | 26906322 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-31): Waived on Rate Lock: Collateral cleared by Custodian | 10/31/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218805769 | [Redact} | [Redact} | [Redact} | 27062487 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-10-31): Secondary valuation obtained | 10/31/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218813588 | [Redact} | [Redact} | [Redact} | 26910765 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-26): Waived on Rate Lock: Collateral cleared by Custodian | 10/26/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218813588 | [Redact} | [Redact} | [Redact} | 26910766 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-26): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-10-25): (Rate Lock) [Redact] | 10/26/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218813588 | [Redact} | [Redact} | [Redact} | 26923053 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redact]). | Finance Charge disclosed is [Redact]. Calculated finance charge is [Redact] Variance of [Redact]. Missing Final Itemization of fees to determine cause of underdisclosure. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable |  |  |  | Reviewer Comment (2022-10-05): PCCD, LOE, proof of delivery and a refund were provided. |  | 10/05/2022 |  | 2 C B |  | [Redact} | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218813588 | [Redact} | [Redact} | [Redact} | 26923054 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [Redact]). | Total of payments disclosed on Final CD is [Redact]. Calculated Total of payments is [Redact]. Loan is underdisclosed by [Redact]. |  |  |  | Reviewer Comment (2022-10-05): PCCD, LOE, proof of delivery and a refund were provided. |  | 10/05/2022 |  | 2 C B |  | [Redact} | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218813588 | [Redact} | [Redact} | [Redact} | 26923055 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Application Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower. | 10% tolerance was exceeded by [Redact] due to increase of Application Fee. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-10-05): Sufficient Cure Provided within 60 Days of Closing |  | 10/05/2022 |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218813588 | [Redact} | [Redact} | [Redact} | 26923056 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-10-05): Sufficient Cure Provided within 60 Days of Closing |  | 10/05/2022 |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218813588 | [Redact} | [Redact} | [Redact} | 26923687 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower. |  |  |  |  | Reviewer Comment (2022-10-05): Sufficient Cure Provided within 60 Days of Closing |  | 10/05/2022 |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218813588 | [Redact} | [Redact} | [Redact} | 26926042 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided |  | The file is missing the required DU Findings Report required with Approve/Eligible or Approve/Ineligible recommendations due only to loan amount. Note: the file contained an LP approval; however LP is not acceptable per the guidelines. |  |  |  | Reviewer Comment (2022-10-10): AUS provided<br>Seller Comment (2022-10-07): (Rate Lock) DU | 10/10/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218821854 | [Redact} | [Redact} | [Redact} | 26916487 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-11-14): Waived on Rate Lock: Collateral cleared by Custodian | 11/14/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218821854 | [Redact} | [Redact} | [Redact} | 26916488 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-11-14): Waived on Rate Lock: Collateral cleared by Custodian | 11/14/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835270 | [Redact} | [Redact} | [Redact} | 26924591 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-24): Waived on Rate Lock: Collateral cleared by Custodian | 10/24/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835270 | [Redact} | [Redact} | [Redact} | 26924592 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-24): Waived on Rate Lock: Collateral cleared by Custodian | 10/24/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835270 | [Redact} | [Redact} | [Redact} | 27004304 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  |  |  |  |  |  |  |  | 10/19/2022 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835303 | [Redact} | [Redact} | [Redact} | 26924776 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-11-07): Waived on Rate Lock: Collateral cleared by Custodian | 11/07/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835303 | [Redact} | [Redact} | [Redact} | 26924777 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-11-07): Waived on Rate Lock: Collateral cleared by Custodian | 11/07/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835303 | [Redact} | [Redact} | [Redact} | 27142140 |  | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. |  | Missing transcripts as required by the guidelines. |  |  |  | Reviewer Comment (2022-12-06): Transcripts provided<br>Seller Comment (2022-12-06): transcripts | 12/06/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835303 | [Redact} | [Redact} | [Redact} | 27142141 |  | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. |  | Missing transcripts as required by the guidelines. |  |  |  | Reviewer Comment (2022-12-06): Transcripts provided<br>Seller Comment (2022-12-06): transcripts | 12/06/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835600 | [Redact} | [Redact} | [Redact} | 26926492 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-11-08): Waived on Rate Lock: Collateral cleared by Custodian | 11/08/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835600 | [Redact} | [Redact} | [Redact} | 26926493 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-11-08): Waived on Rate Lock: Collateral cleared by Custodian | 11/08/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835600 | [Redact} | [Redact} | [Redact} | 27161767 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  | The preliminary title in file did not disclose the amount of title insurance. Provide a revised preliminary title or a supplemental report confirming sufficient title insurance coverage. |  |  |  |  |  |  | 11/03/2022 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835601 | [Redact} | [Redact} | [Redact} | 26926495 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-14): Waived on Rate Lock: Collateral cleared by Custodian | 12/14/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835601 | [Redact} | [Redact} | [Redact} | 26926496 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-14): Waived on Rate Lock: Collateral cleared by Custodian | 12/14/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835601 | [Redact} | [Redact} | [Redact} | 27467600 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-12-09): Sufficient Cure Provided At Closing |  | 12/09/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218835601 | [Redact} | [Redact} | [Redact} | 27467601 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-12-09): Sufficient Cure Provided At Closing |  | 12/09/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218835601 | [Redact} | [Redact} | [Redact} | 27467602 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-12-09): Sufficient Cure Provided At Closing |  | 12/09/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218835601 | [Redact} | [Redact} | [Redact} | 27467603 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-12-09): Sufficient Cure Provided At Closing |  | 12/09/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218835601 | [Redact} | [Redact} | [Redact} | 27467958 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  |  |  |  |  |  |  |  | 12/09/2022 | 2 B |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218835601 | [Redact} | [Redact} | [Redact} | 27467966 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file was missing the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-12-13): Secondary valuation obtained | 12/13/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218837491 | [Redact} | [Redact} | [Redact} | 26931346 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-29): Waived on Rate Lock: Collateral cleared by Custodian | 12/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218837491 | [Redact} | [Redact} | [Redact} | 26931347 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-29): Waived on Rate Lock: Collateral cleared by Custodian | 12/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218837491 | [Redact} | [Redact} | [Redact} | 27445334 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes |  |  |  | Reviewer Comment (2022-12-08): Secondary valuation obtained | 12/08/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218837491 | [Redact} | [Redact} | [Redact} | 27446329 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  |  |  |  | 12/06/2022 | 2 B |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218837491 | [Redact} | [Redact} | [Redact} | 27454446 |  | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. |  |  |  |  |  |  |  | 12/07/2022 | 2 B |  | [Redact} | Primary | Purchase | D B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218909885 | [Redact} | [Redact} | [Redact} | 26954594 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-11-01): Waived on Rate Lock: Collateral cleared by Custodian | 11/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218909885 | [Redact} | [Redact} | [Redact} | 26954595 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-11-01): Waived on Rate Lock: Collateral cleared by Custodian | 11/01/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218909885 | [Redact} | [Redact} | [Redact} | 27049798 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___<br> Disaster Declaration Date: ___ | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [Redact] declared end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redact] | SitusAMC,Aggregator | Reviewer Comment (2022-10-26): Client elects to waive the condition based on the post-disaster inspection obtained prior to the declared end date. |  |  | 10/26/2022 | 2 B |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218910059 | [Redact} | [Redact} | [Redact} | 26954771 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-27): Waived on Rate Lock: Collateral cleared by Custodian | 10/27/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218910059 | [Redact} | [Redact} | [Redact} | 26954772 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-27): Waived on Rate Lock: Collateral cleared by Custodian | 10/27/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218938140 | [Redact} | [Redact} | [Redact} | 26977747 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-10-27): Waived on Rate Lock: Collateral cleared by Custodian | 10/27/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218938140 | [Redact} | [Redact} | [Redact} | 26977748 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-10-27): Waived on Rate Lock: Collateral cleared by Custodian | 10/27/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218938140 | [Redact} | [Redact} | [Redact} | 27035262 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file was missing the secondary valuation required for securitization purposes |  |  |  | Reviewer Comment (2022-10-28): Secondary valuation obtained | 10/28/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D B A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218938140 | [Redact} | [Redact} | [Redact} | 27036087 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing |  |  |  |  |  |  | 10/24/2022 | 2 B |  | [Redact} | Primary | Purchase | D B A C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218938140 | [Redact} | [Redact} | [Redact} | 27036239 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Loan Discount Points Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made |  |  |  | Reviewer Comment (2022-10-27): [Redact] received a valid COC for the fee increase.<br>Seller Comment (2022-10-26): Please see the attached Lock confirmation, Revised CD, and CofC. A Pricing revision was required in order for the borrower to qualify for loan program. This change was disclosed on the attached CD. | 10/27/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218938140 | [Redact} | [Redact} | [Redact} | 27036310 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation | TILA-RESPA Integrated Disclosure: Zero Percent Tolerance exceeded for Lender Credits. Final Lender Credit of [Redact] is less than amount of binding Lender Credit previously disclosed in the amount of [Redact]. | Lenders Credits Fee was not disclosed on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made |  |  |  | Reviewer Comment (2022-10-28): [Redact] received rate lock and changed circumstance.<br>Seller Comment (2022-10-26): Please see the attached Lock confirmation, Revised CD, and CofC. A Pricing revision was required in order for the borrower to qualify for loan program. This change was disclosed on the attached CD. | 10/28/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218939977 | [Redact} | [Redact} | [Redact} | 26980187 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-28): Waived on Rate Lock: Collateral cleared by Custodian | 12/28/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218939977 | [Redact} | [Redact} | [Redact} | 26980188 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-28): Waived on Rate Lock: Collateral cleared by Custodian | 12/28/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218939977 | [Redact} | [Redact} | [Redact} | 27538839 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-12-22): Sufficient Cure Provided At Closing |  | 12/22/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218939977 | [Redact} | [Redact} | [Redact} | 27538840 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Re-inspection Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-12-22): Sufficient Cure Provided At Closing |  | 12/22/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218940543 | [Redact} | [Redact} | [Redact} | 26981850 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-05): Waived on Rate Lock: Collateral cleared by Custodian | 12/05/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218940543 | [Redact} | [Redact} | [Redact} | 26981851 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-05): Waived on Rate Lock: Collateral cleared by Custodian | 12/05/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218943161 | [Redact} | [Redact} | [Redact} | 26983864 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-05): Waived on Rate Lock: Collateral cleared by Custodian | 12/05/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218943161 | [Redact} | [Redact} | [Redact} | 26983865 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-05): Waived on Rate Lock: Collateral cleared by Custodian | 12/05/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218943161 | [Redact} | [Redact} | [Redact} | 27306776 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | Calculated investor qualifying total debt ratio of [Redact] exceeds Guideline total debt ratio of [Redact] due to difference in REO calculation for the investment property. The final 1003 reflects rental income of [Redact], however verified rental income using Schedule E was [Redact]. Please provide documentation to support calculation of positive net rental of [Redact]. Note: the lender qualified with gross rental income of [Redact] per month and a PITIA of [Redact] per month; however schedule E only verified gross rental income of [Redact] per month. |  |  |  | Reviewer Comment (2022-11-22): Clarification and documentation provided to verify the PITIA of the investment property and confirm the net rental income. The DTI is now below the program max.<br>Seller Comment (2022-11-22): [Redact]: Please see the attached rental income worksheet to show the breakdown of the rental income used for the REO property at [Redact]. Please note that the calculation used Schedule E from the borrower's 2021 tax returns. Please also note that the property's PITIA is actually only [Redact] and the additional expenses are from the other expenses listed on Schedule E that cannot be added back into the rental calculation. | 11/22/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218943161 | [Redact} | [Redact} | [Redact} | 27306961 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation |  |  |  |  |  |  | 11/21/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218943161 | [Redact} | [Redact} | [Redact} | 27307060 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redact] exceeds tolerance of [Redact]. Insufficient or no cure was provided to the borrower. | Loan Discount Points Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made |  |  |  | Reviewer Comment (2022-11-28): [Redact] Received COC dated [Redact] with a valid reason for change<br>Seller Comment (2022-11-25): Please see the attached CofC and Lock Confirmation. New information was discovered about the borrower, increasing the pricing of the loan. | 11/28/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |

| 218943161 | [Redact} | [Redact} | [Redact} | 27307318 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-11-22): Clarification and documentation provided to verify the PITIA of the investment property and confirm the net rental income. The DTI is now below the program max.<br>Seller Comment (2022-11-22): [Redact]: Please see the documentation provided for the other stips regarding the discrepancy with the rental income. | 11/22/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218943161 | [Redact} | [Redact} | [Redact} | 27307319 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | Calculated investor qualifying total debt ratio of [Redact] exceeds Guideline total debt ratio of [Redact] due to difference in REO calculation for the investment property. The final 1003 reflects rental income of [Redact], however verified rental income using Schedule E was [Redact]. Please provide documentation to support calculation of positive net rental of [Redact]. Note: the lender qualified with gross rental income of [Redact] per month and a PITIA of [Redact] per month; however schedule E only verified gross rental income of [Redact] per month. |  |  |  | Reviewer Comment (2022-11-22): Clarification and documentation provided to verify the PITIA of the investment property and confirm the net rental income. The DTI is now below the program max.<br>Seller Comment (2022-11-22): [Redact]: Please see the attached rental income worksheet to show the breakdown of the rental income used for the REO property at [Redact]. Please note that the calculation used Schedule E from the borrower's 2021 tax returns. Please also note that the property's PITIA is actually only [Redact] and the additional expenses are from the other expenses listed on Schedule E that cannot be added back into the rental calculation. | 11/22/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218943161 | [Redact} | [Redact} | [Redact} | 27307320 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Calculated investor qualifying total debt ratio of [Redact] exceeds Guideline total debt ratio of [Redact] due to difference in REO calculation for the investment property. The final 1003 reflects rental income of [Redact], however verified rental income using Schedule E was [Redact]. Please provide documentation to support calculation of positive net rental of [Redact]. Note: the lender qualified with gross rental income of [Redact] per month and a PITIA of [Redact] per month; however schedule E only verified gross rental income of [Redact] per month. |  |  |  | Reviewer Comment (2022-11-22): Clarification and documentation provided to verify the PITIA of the investment property and confirm the net rental income. The DTI is now below the program max.<br>Seller Comment (2022-11-22): [Redact]: Please see the documentation provided for the other stips regarding the discrepancy with the rental income. | 11/22/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218943161 | [Redact} | [Redact} | [Redact} | 27401080 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. |  |  |  | Reviewer Comment (2022-11-30): Sufficient Cure Provided At Closing |  | 11/30/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218952213 | [Redact} | [Redact} |  | 27004058 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure did not disclose Total Property Costs Year 1 - October 2018 Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The final CD disclosed the Amount of Escrowed Property Costs over Year 1 as [Redact], however the Property Taxes ([Redact]), Insurance ([Redact]) and HOA ([Redact]) total [Redact] per year. Final CD reflects Estimated Taxes, Insurance & Assessments of [Redact] monthly, correct amount is [Redact]. Provide a post-close CD correcting the Escrow Account section and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. |  |  |  | Buyer Comment (2022-10-21): Initial and Final Grade B. |  |  | 10/21/2022 | 2 B |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218952215 | [Redact} | [Redact} |  | 27008518 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-10-20): Sufficient Cure Provided At Closing |  | 10/20/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218952215 | [Redact} | [Redact} |  | 27008578 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The file is missing evidence of when the CDA was provided to the borrower. |  |  |  |  |  |  | 10/20/2022 | 2 B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218952215 | [Redact} | [Redact} |  | 27008698 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | The appraisal effective date was on [Redact], the appraisal was received by the borrower on [Redact] and the report date was on [Redact]. |  |  |  |  |  |  | 10/20/2022 | 2 B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218952215 | [Redact} | [Redact} |  | 27011546 |  | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Valuation Error: Subject photos are missing or not legible. |  | The photo's for the appraisal were black and white. Provide a copy of the appraisal with color photos. |  |  |  | Reviewer Comment (2022-10-24): Received a copy of the appraisal with color photos. Exception Cleared.<br>Seller Comment (2022-10-21): colorized appraisal | 10/24/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218952220 | [Redact} | [Redact} |  | 27004694 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure did not disclose Amount of Non-Escrowed Property Costs over Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The final CD disclosed the Amount of Non-Escrowed Property Costs over Year 1 as [Redact] on page 4; however the annual HOA dues are [Redact] per year. Final CD reflects Estimated Taxes, Insurance & Assessments of [Redact] monthly, correct amount is [Redact]. Provide a post-close CD correcting the Escrow Account section on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. NOTE - if there is additional documentation to support the HOA dues of [Redact]/ month, please provide for further review. |  |  |  | Buyer Comment (2022-10-21): Initial and Final Grade B |  |  | 10/21/2022 | 2 B |  | [Redact} | Second Home | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 218952220 | [Redact} | [Redact} |  | 27004758 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___<br> Disaster Declaration Date: ___ | The subject property is located in a FEMA Disaster area post-close. There is no end declared date for the disaster as of yet. A post-disaster inspection verifying there was no damage to the subject property is required once a declared end date is identified. | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redact] | SitusAMC,Aggregator | Reviewer Comment (2022-10-20): Client elects to waive the condition based on the post-disaster inspection obtained prior to the declared end date.<br>Seller Comment (2022-10-20): Disaster inspection - no damage |  |  | 10/20/2022 | 2 C B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218952220 | [Redact} | [Redact} |  | 27004805 |  | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Valuation Error: Subject photos are missing or not legible. |  | The appraisal in the file does not contain color photos. Please provide a complete appraisal report with a color photo addendum. |  |  |  | Reviewer Comment (2022-10-20): A copy of the appraisal and desk review with color photos was provided<br>Seller Comment (2022-10-20): colorized appraisal and cda | 10/20/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218952222 | [Redact} | [Redact} |  | 27011665 |  | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Valuation Error: Subject photos are missing or not legible. |  | The appraisal photos were black and white. Provide a copy of the appraisal with color photos. |  |  |  | Reviewer Comment (2022-10-24): Received a copy of the appraisal with color photos. Exception Cleared.<br>Seller Comment (2022-10-21): colorized appraisal | 10/24/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218963621 | [Redact} | [Redact} | [Redact} | 27005005 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-12): Waived on Rate Lock: Collateral cleared by Custodian | 12/12/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218963621 | [Redact} | [Redact} | [Redact} | 27005006 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-12): Waived on Rate Lock: Collateral cleared by Custodian | 12/12/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218963621 | [Redact} | [Redact} | [Redact} | 27451368 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation required for securitization purposes |  |  |  | Reviewer Comment (2022-12-12): Secondary valuation obtained | 12/12/2022 |  |  | 1 D A |  | [Redact} | Second Home | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218995549 | [Redact} | [Redact} | [Redact} | 27058198 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-29): Waived on Rate Lock: Collateral cleared by Custodian | 12/29/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218995549 | [Redact} | [Redact} | [Redact} | 27058199 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-29): Waived on Rate Lock: Collateral cleared by Custodian | 12/29/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218995549 | [Redact} | [Redact} | [Redact} | 27543399 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | The file was missing evidence that the primary residence is escrowed as stated on the application. Please also provide evidence of the HOA dues listed. |  |  |  | Reviewer Comment (2022-12-28): Proof of PITIA provided<br>Seller Comment (2022-12-28): HOA LOX Proof of Escrow | 12/28/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218995859 | [Redact} | [Redact} | [Redact} | 27058734 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-05): Waived on Rate Lock: Collateral cleared by Custodian | 12/05/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218995859 | [Redact} | [Redact} | [Redact} | 27058735 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-05): Waived on Rate Lock: Collateral cleared by Custodian | 12/05/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 218995859 | [Redact} | [Redact} | [Redact} | 27405257 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided |  |  |  |  |  | Reviewer Comment (2022-12-02): 1008 provided<br>Seller Comment (2022-12-02): (Rate Lock) 1008 attached | 12/02/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219053907 | [Redact} | [Redact} | [Redact} | 27146613 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-05): Waived on Rate Lock: Collateral cleared by Custodian | 12/05/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219053907 | [Redact} | [Redact} | [Redact} | 27146614 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-05): Waived on Rate Lock: Collateral cleared by Custodian | 12/05/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219053907 | [Redact} | [Redact} | [Redact} | 27410758 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided |  | The file is missing the tax cert or other documentation to support the monthly property taxes used by the lender to qualify. Typically, 1.25% of the sales price is used in [Redact], however the lender used less. |  |  |  | Reviewer Comment (2022-12-02): Tax Bill provided. Higher property taxes were calculated and used to determine the DTI. The DTI is still below the program max. Note: the lender qualified with the prior seller's tax bill, the taxes were calculated using the tax rate x sales price + supplemental taxes.<br>Seller Comment (2022-12-02): Tax Bill attached. | 12/02/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219058246 | [Redact} | [Redact} | [Redact} | 27161170 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-16): Waived on Rate Lock: Collateral cleared by Custodian | 12/16/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219058246 | [Redact} | [Redact} | [Redact} | 27161171 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-16): Waived on Rate Lock: Collateral cleared by Custodian | 12/16/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219058246 | [Redact} | [Redact} | [Redact} | 27493357 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file was missing the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-12-16): Secondary valuation obtained | 12/16/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219059550 | [Redact} | [Redact} | [Redact} | 27163392 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-11-18): Waived on Rate Lock: Collateral cleared by Custodian | 11/18/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219059550 | [Redact} | [Redact} | [Redact} | 27163393 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-11-18): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-11-17): Please see Note Tracking | 11/18/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219059550 | [Redact} | [Redact} | [Redact} | 27262486 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. |  |  |  |  |  |  |  | 11/16/2022 | 2 B |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219059550 | [Redact} | [Redact} | [Redact} | 27267482 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure did not disclose Amount of Non-Escrowed Property Costs over Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of 400.08 on Final Closing Disclosure provided on [Redact] not accurate. | The final CD disclosed the Non-Escrowed Property costs as [Redact] or [Redact] per month. The actual HOA dues are [Redact] or [Redact] per month |  |  |  | Reviewer Comment (2022-11-22): [Redact] received Post CD and LOX.<br>Seller Comment (2022-11-21): Please see Post CD LOX and Proof of Delivery |  | 11/22/2022 |  | 2 B |  | [Redact} | Second Home | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 219059550 | [Redact} | [Redact} | [Redact} | 27267483 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. |  |  |  |  | Reviewer Comment (2022-11-16): Sufficient Cure Provided At Closing |  | 11/16/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 219065816 | [Redact} | [Redact} | [Redact} | 27173240 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-11-25): Waived on Rate Lock: Collateral cleared by Custodian | 11/25/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219065816 | [Redact} | [Redact} | [Redact} | 27173241 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-11-25): Waived on Rate Lock: Collateral cleared by Custodian | 11/25/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219065816 | [Redact} | [Redact} | [Redact} | 27309057 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided |  | The file was missing a copy of the lender's 1008. |  |  |  | Reviewer Comment (2022-12-29): 1008 provided<br>Seller Comment (2022-12-29): [Redact] please see attached document | 12/29/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219065816 | [Redact} | [Redact} | [Redact} | 27310379 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. |  |  |  |  |  |  |  | 11/21/2022 | 2 B |  | [Redact} | Primary | Purchase | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219065816 | [Redact} | [Redact} | [Redact} | 27310381 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Transfer tax was last disclosed as [Redact] on the LE, but was disclosed as [Redact] on the final CD. No valid COC was provided for this change, cure provided at closing. |  |  |  | Reviewer Comment (2022-11-21): Sufficient Cure Provided At Closing |  | 11/21/2022 |  | 1 A |  | [Redact} | Primary | Purchase | Final CD evidences Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 219065816 | [Redact} | [Redact} | [Redact} | 27310421 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ <br> Disaster End Date: ___<br> Disaster Name: ___<br> Disaster Declaration Date: ___ | Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [Redact]. | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [Redact] | SitusAMC,Aggregator | Reviewer Comment (2022-11-23): Client elects to waive the condition based on the appraisal inspection being post-disaster, however it was inspected prior to the declared end date.<br>Seller Comment (2022-11-23): [Redact]: Please note that Hurricane Ian made contact with [Redact] on [Redact] and hit [Redact] on [Redact]. The appraisal date is [Redact] which is a full month after the hurricane hit, and any damage done to the subject property would have been done on [Redact]. This also means that any damage done to the subject property would have been addressed in the appraisal that was on file. The appraisal confirms that the subject property was not affected by the disaster, and a post-disaster inspection would not be required. |  |  | 11/23/2022 | 2 C B |  | [Redact} | Primary | Purchase | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219065816 | [Redact} | [Redact} | [Redact} | 27310461 |  | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. |  |  |  |  |  |  |  | 11/21/2022 | 2 B |  | [Redact} | Primary | Purchase | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219065816 | [Redact} | [Redact} | [Redact} | 27310469 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file was missing a copy of the secondary valuation required for securitization purposes. |  |  |  | Reviewer Comment (2022-11-23): Secondary valuation obtained | 11/23/2022 |  |  | 1 D A |  | [Redact} | Primary | Purchase | D B C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219093089 | [Redact} | [Redact} |  | 27226225 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal tax returns. Evidence of extension provided in file for 2021. The file contained a copy of the 2019 and 2020 1040's. |  |  |  |  |  |  | 11/11/2022 | 2 B |  | [Redact} | Second Home | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219093089 | [Redact} | [Redact} |  | 27226274 |  | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. |  | LTV of [Redact] exceeds the allowable LTV of [Redact] for a 2nd home, cash out refinance with a loan amount > [Redact]. Based on the lenders approval and 1008, the loan was not underwritten and closed using delayed financing guidelines. |  |  |  | Reviewer Comment (2022-11-18): Updated guidelines provided that were in effect prior to closing. Updated guideline requirements were met | 11/18/2022 |  |  | 1 C A |  | [Redact} | Second Home | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219093089 | [Redact} | [Redact} |  | 27226275 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. |  | CLTV of [Redact] exceeds the allowable CLTV of [Redact] for a 2nd home, cash out refinance with a loan amount > [Redact]. Based on the lenders approval and 1008, the loan was not underwritten and closed using delayed financing guidelines. |  |  |  | Reviewer Comment (2022-11-18): Updated guidelines provided that were in effect prior to closing. Updated guideline requirements were met<br>Seller Comment (2022-11-18): Guidelines effective [Redact]<br>Buyer Comment (2022-11-17): Guidelines uploaded are dated [Redact]. Note date [Redact].. Missing correct guidelines dated prior to closing<br>Buyer Comment (2022-11-17): .<br>Reviewer Comment (2022-11-17): The loan was reviewed to the guidelines provided by the seller prior to the loan review. The updated guides provided as a rebuttal cannot be used without approval from the client. Elevated to the client for review.<br>Seller Comment (2022-11-16): Please review under Diamond Express product | 11/18/2022 |  |  | 1 C A |  | [Redact} | Second Home | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219093089 | [Redact} | [Redact} |  | 27226276 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | Guideline required reserves are the greater of DU or three months. Three months reserves were not verified based on the assets considered by the lender. Note: Account [Redact] statement in file is through [Redact]. Balance of [Redact] at that time; however there was a transfer to account [Redact] on [Redact] of [Redact] that would have completely wiped out the balance that is verified. No assets from account ending in xx7865 were used to qualify. Updated asset statements are required to confirm sufficient reserves. |  |  |  | Reviewer Comment (2022-11-18): Updated guidelines provided that were in effect prior to closing. Updated guideline requirements were met<br>Reviewer Comment (2022-11-17): An additional months' statement for the account ending in [Redact] was provided. The assets increased from the documentation in the initial file. but are still not sufficient to meet the guideline reserve requirement of 3 months. Note: an updated statement for the account ending in [Redact], after the transfer to account [Redact], with sufficient assets could clear this condition. Condition remains<br>Reviewer Comment (2022-11-17): Exception Explanation Updated from: Calculated PITIA months reserves of 0.29 is less than Guideline PITIA months reserves of 3.00.<br>Seller Comment (2022-11-16): Assets | 11/18/2022 |  |  | 1 C A |  | [Redact} | Second Home | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219093089 | [Redact} | [Redact} |  | 27226582 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | The file was missing a copy of the trust agreement as well as the trust assets to confirm this income has 36 months continuance. |  |  |  | Reviewer Comment (2022-11-18): Documentation to verify the trust income was acceptable<br>Seller Comment (2022-11-18): FNMA guidelines state: Confirm the trust income by obtaining a copy of the trust agreement or the trustee's statement confirming the amount, frequency, and duration of payments; trustee statement provided<br>Reviewer Comment (2022-11-17): Statements for the Trust account and a letter explaining the monthly disbursement were provided; however the file is still missing a copy of the actual Trust Agreement. Condition remains<br>Reviewer Comment (2022-11-17): Exception Explanation Updated from: Account Statements, Trust Agreement<br>Seller Comment (2022-11-16): Trust Assets | 11/18/2022 |  |  | 1 C A |  | [Redact} | Second Home | Refinance - Cash-out - Other | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219093091 | [Redact} | [Redact} |  | 27230396 |  | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Valuation Error: Subject photos are missing or not legible. |  | The appraisal did not contain a color photo addendum. Please provide the complete appraisal with color photos. |  |  |  | Reviewer Comment (2022-11-16): Appraisal with color photos provided<br>Seller Comment (2022-11-16): Color appraisal | 11/16/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219116443 | [Redact} | [Redact} |  | 27219501 |  | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing.; Sec ID: 2 |  | The file is missing a copy of the secondary valuation CDA required for securitization purposes. |  |  |  | Reviewer Comment (2022-10-27): CDA provided. Cleared.<br>Buyer Comment (2022-10-27): CDA | 10/27/2022 |  |  | 1 D A |  | [Redact} | Second Home | Purchase | D B C A | Safe Harbor QM (43-Q) | Safe Harbor QM (43-Q) | No |
| 219116443 | [Redact} | [Redact} |  | 27219504 |  | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency | Qualified Mortgage (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | This is an Ev2 informational exception due to presence of tax return extensions for both personal and business tax returns. This exception can be waived. |  |  |  | Buyer Comment (2022-10-21): 2021 business and personal ext in file |  |  | 10/21/2022 | 2 B |  | [Redact} | Second Home | Purchase | D B C A | Safe Harbor QM (43-Q) | Safe Harbor QM (43-Q) | No |
| 219116443 | [Redact} | [Redact} |  | 27219505 |  | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | This is an Ev2 informational exception due to presence of tax return extensions for both personal and business tax returns. This exception can be waived. |  |  |  | Buyer Comment (2022-10-21): 2021 business and personal ext in file |  |  | 10/21/2022 | 2 B |  | [Redact} | Second Home | Purchase | D B C A | Safe Harbor QM (43-Q) | Safe Harbor QM (43-Q) | No |
| 219116443 | [Redact} | [Redact} |  | 27219506 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (43-Q) does not match Due Diligence Loan Designation of Non QM. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-10-25): Pricing provided. Cleared. | 10/25/2022 |  |  | 1 B A C |  | [Redact} | Second Home | Purchase | Lender to provide updated ATR/QM status D B C | Safe Harbor QM (43-Q) | Safe Harbor QM (43-Q) | Yes |
| 219116443 | [Redact} | [Redact} |  | 27219507 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees 2021 | Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of [Redact] of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an allowable total of [Redact] (an overage of [Redact] or [Redact]). | QM Points and Fees threshold exceeded by [Redact] or [Redact]. Undiscounted rate was noted at [Redact] with a note rate of [Redact]. Testing is based on 1% discount cost per .20 to rate. Please provide evidence of the bona fide undiscounted rate cost. |  |  |  | Reviewer Comment (2022-10-25): Pricing provided. Cleared.<br>Buyer Comment (2022-10-25): Lock with pricing | 10/25/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | D B C A | Safe Harbor QM (43-Q) | Safe Harbor QM (43-Q) | No |
| 219116443 | [Redact} | [Redact} |  | 27219508 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | Calculated Available for Reserves of 16.84 months is less than Guideline requirement of 24 months. Overlays require 12 months plus 6 months for each other financed property. |  |  |  | Reviewer Comment (2022-10-24): Additional bank account statements provided. Cleared.<br>Buyer Comment (2022-10-21): Asset 2<br>Buyer Comment (2022-10-21): [Redact] asset1 | 10/24/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | D B C A | Safe Harbor QM (43-Q) | Safe Harbor QM (43-Q) | No |
| 219127962 | [Redact} | [Redact} | [Redact} | 27254699 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-21): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-12-20): sent via [Redact] [Redact] | 12/21/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219127962 | [Redact} | [Redact} | [Redact} | 27254700 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-21): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-12-20): sent via [Redact] [Redact] | 12/21/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219127962 | [Redact} | [Redact} | [Redact} | 27506053 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | [Redact] in cash deposits to the checking account on [Redact] were not addressed in the loan file. This account was backed out of the available funds as the deposits exceed the account value. Cash on hand is not an acceptable source of funds, please provide evidence of the source of these deposits, or provide additional funds for reserves. |  |  |  | Reviewer Comment (2022-12-20): Additional Assets provided. Updated AUS provided . Exception cleared.<br>Seller Comment (2022-12-20): 457A retirement account with AUS, URLA, 1008, UW Rationale and updated the reserves worksheet<br>Seller Comment (2022-12-20): Reserve Funds | 12/20/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219127962 | [Redact} | [Redact} | [Redact} | 27506074 |  | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. |  |  |  |  |  |  | 12/16/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219127962 | [Redact} | [Redact} | [Redact} | 27507098 |  | Credit | Missing Document | General | Missing Document | Missing Document: Desk Review not provided |  | The file is missing a copy of the CDA/Desk Review. Per the guidelines, a Collateral Desktop Analysis report (CDA) from [Redact] is required for loans where only one appraisal is obtained, regardless of the CU Score. |  |  |  | Reviewer Comment (2022-12-20): CDA provided. Exception cleared.<br>Seller Comment (2022-12-20): Appraisal - CDA | 12/20/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219141456 | [Redact} | [Redact} | [Redact} | 27266583 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-28): Waived on Rate Lock: Collateral cleared by Custodian | 12/28/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219141456 | [Redact} | [Redact} | [Redact} | 27266584 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-28): Waived on Rate Lock: Collateral cleared by Custodian | 12/28/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219141456 | [Redact} | [Redact} | [Redact} | 27458078 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Property Costs Year 1 - October 2018 Testing | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The final CD disclosed e Amount of Total Property Costs over Year 1 as [Redact] on page 4; however the annual taxes ([Redact]) and homeowners insurance ([Redact]) and HOA Dues ([Redact]) total are [Redact] per year. Final CD reflects Estimated Taxes, Insurance & Assessments of [Redact] monthly, correct amount is [Redact]. Provide a post-close CD correcting on page 4 and Estimated Taxes, Insurance & Assessments on page 1; and a copy of the letter of explanation letter sent to the borrower disclosing the changes made. |  |  |  | Reviewer Comment (2022-12-29): Post-close CD and letter of explanation provided<br>Seller Comment (2022-12-29): LOE,PCCD,[Redact]<br>Seller Comment (2022-12-29): See attached LOE, PCCD, and [Redact] label |  | 12/29/2022 |  | 2 B |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 219145364 | [Redact} | [Redact} | [Redact} | 27285056 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-09): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-12-07): Note Tracking #[Redact]. | 12/09/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145364 | [Redact} | [Redact} | [Redact} | 27285057 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-09): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-12-07): Note Tracking #[Redact]. | 12/09/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27285202 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-02): Waived on Rate Lock: Collateral cleared by Custodian | 12/02/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27285203 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-02): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-11-25): (Rate Lock) whoops! you are looking for the [Redact] tracking number of the note getting over to you. Will provide shortly<br>Seller Comment (2022-11-25): (Rate Lock) attesting proof of delivery of appraisal<br>Seller Comment (2022-11-25): (Rate Lock) proof of delivery was by email. See also uplodaed under different condition | 12/02/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27308532 |  | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file |  |  |  |  |  | Reviewer Comment (2022-11-28): Fraud report provided<br>Seller Comment (2022-11-23): (Rate Lock) fraud report | 11/28/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27309453 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account Statement Missing | RESPA: Initial escrow account statement was not provided to the borrower. | Initial escrow account statement was not provided to the borrower. |  |  |  | Reviewer Comment (2022-11-30): IEAD provided<br>Seller Comment (2022-11-30): (Rate Lock) Here is the initial escrow account disclosure that was signed at closing<br>Reviewer Comment (2022-11-28): The LE will not clear the condition. The file is missing a copy of the Initial Escrow Account Disclosure (IEAD) that was provided and executed at closing. Condition remains<br>Seller Comment (2022-11-25): (Rate Lock) initial loan estimate | 11/30/2022 |  |  | 1 B A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 219145366 | [Redact} | [Redact} | [Redact} | 27309454 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TILA-RESPA Integrated Disclosure: application date on or after 10/3/2015, no Loan Estimates in the Loan File | TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s). The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing. Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to [Redact] may be required. | Loan file missing the initial and any re-disclosed Loan Estimates. |  |  |  | Reviewer Comment (2022-11-28): Initial and redisclosed LE's provided<br>Seller Comment (2022-11-23): (Rate Lock) Two loan estimates. Both digitally signed. See top right hand corner | 11/28/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | No Defined Cure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27309461 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | File is missing a copy of the Right to Receive a Copy of the appraisal disclosure, provided within three business days of the application date. Note: the initial LE, if within three business days of the application date will clear this condition. |  |  |  | Reviewer Comment (2022-11-28): Proof of the borrowers receipt of the appraisal was provided | 11/28/2022 |  |  | 1 B A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27309462 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Appraisal Disclosure - ECOA Status | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-11-28): Initial LE provided<br>Seller Comment (2022-11-25): (Rate Lock) LE and change of circumstance form<br>Seller Comment (2022-11-23): (Rate Lock) proof appraisal sent to borrower | 11/28/2022 |  |  | 1 B A |  | [Redact} | Second Home | Purchase | Good faith redisclosure C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 219145366 | [Redact} | [Redact} | [Redact} | 27310756 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal and business tax returns. Evidence of extension provided in file for 2021. The file contained a copy of the 2020 and 2019 1040's and business returns. |  |  |  |  |  |  | 11/21/2022 | 2 B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27310757 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal and business tax returns. Evidence of extension provided in file for 2021. The file contained a copy of the 2020 and 2019 1040's and business returns. |  |  |  |  |  |  | 11/21/2022 | 2 B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27310758 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redact], Most Recent Tax Return End Date [Redact], Tax Return Due Date [Redact]. | The file is missing the 2021 personal and business tax returns. Evidence of extension provided in file for 2021. The file contained a copy of the 2020 and 2019 1040's and business returns. |  |  |  |  |  |  | 11/21/2022 | 2 B |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27310766 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - S-Corp | General QM: Unable to verify current S-Corp status using reasonably reliable third-party records. | Third party verification of borrower's employment dates and status of business was not provided. |  |  |  | Reviewer Comment (2022-12-08): Proof of the existence of the business was provided<br>Seller Comment (2022-12-07): (Rate Lock) [Redact] business information<br>Seller Comment (2022-12-07): (Rate Lock) for [Redact] business info<br>Reviewer Comment (2022-12-06): The guidelines do not identify the COVID overlays can be used. Third party verification of the self-employment business is required, alternative docs identified as acceptable per the guidelines. Condition remains<br>Seller Comment (2022-12-06): (Rate Lock) Are you not accepting the FNMA approved COVID overlay guidelines for verification of SE income? Below is the FNMA approved list of things we can use to confirm SE business is open and operating.<br>Evidence of current work (e.g./ executed contracts or signed invoices that indicate the business is operating on the day the seller verifies self-employment income)<br> Evidence of current business receipts within 10 business days of the note date (e.g., payment for services performed)<br> The seller certification the business is open and operating (e.g., the seller confirmed through a phone call or other means)<br> Business website demonstrating activity supporting current business operations (e.g/ timely appointments for estimates or service can be scheduled)<br>The evidence of current business receipts within 10 business days of the note date (for example payment for services being performed) should be accepted, yes?<br>Reviewer Comment (2022-12-01): An additional copy of an invoice for the business was provided. This does not meet the guideline or FNMA requirements to verify the self-employment. Third party verification of the existence of the business is required within 30 days of the note date. This verification can be in the form of a CPA letter, business entity listing, or VVOE completed by a third party confirming the business was active. Condition remains<br>Seller Comment (2022-11-30): (Rate Lock) [Redact] - construction | 12/08/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27310770 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - S-Corp | General QM: Unable to verify current S-Corp status using reasonably reliable third-party records. | Third party verification of borrower's employment dates and status of business was not provided. |  |  |  | Reviewer Comment (2022-12-08): Proof of the existence of the business was provided<br>Seller Comment (2022-12-07): (Rate Lock) [Redact] business information<br>Reviewer Comment (2022-12-06): The guidelines do not identify the COVID overlays can be used. Third party verification of the self-employment business is required, alternative docs identified as acceptable per the guidelines. Condition remains<br>Seller Comment (2022-12-06): (Rate Lock) Are you not accepting the FNMA approved COVID overlay guidelines for verification of SE income? Below is the FNMA approved list of things we can use to confirm SE business is open and operating.<br>Evidence of current work (e.g./ executed contracts or signed invoices that indicate the business is operating on the day the seller verifies self-employment income)<br> Evidence of current business receipts within 10 business days of the note date (e.g., payment for services performed)<br> The seller certification the business is open and operating (e.g., the seller confirmed through a phone call or other means)<br> Business website demonstrating activity supporting current business operations (e.g/ timely appointments for estimates or service can be scheduled)<br>The evidence of current business receipts within 10 business days of the note date (for example payment for services being performed) should be accepted, yes?<br>Reviewer Comment (2022-12-01): An additional copy of an invoice for the business was provided. This does not meet the guideline or FNMA requirements to verify the self-employment. Third party verification of the existence of the business is required within 30 days of the note date. This verification can be in the form of a CPA letter, business entity listing, or VVOE completed by a third party confirming the business was active. Condition remains<br>Seller Comment (2022-11-30): (Rate Lock) [Redact] - business invoice | 12/08/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27310795 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-12-08): Proof of the existence of the business was provided<br>Seller Comment (2022-12-07): (Rate Lock) i uploaded the other borrower employment (self) information. Will that clear this condition?<br>Reviewer Comment (2022-11-28): The file is missing the third party verification of self-employment for all of the borrower and co-borrower entities used to qualify. Condition remains<br>Seller Comment (2022-11-28): (Rate Lock) Please advise if this is not what you are looking for | 12/08/2022 |  |  | 1 B A C |  | [Redact} | Second Home | Purchase | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 219145366 | [Redact} | [Redact} | [Redact} | 27310882 |  | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. |  | Missing Hazard Insurance verification for [Redact] and Hazard and Tax Verification for [Redact] |  |  |  | Reviewer Comment (2022-11-28): Documentation to verify the PITIA for the additional properties was provided<br>Seller Comment (2022-11-25): (Rate Lock) Haz insurance for [Redact]<br>Seller Comment (2022-11-25): (Rate Lock) [Redact] haz insurance<br>Seller Comment (2022-11-25): (Rate Lock) property tax for [Redact] | 11/28/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27310884 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided |  | Missing DU Findings Report required with Approve/Eligible or Approve/Ineligible recommendations due only to loan amount. AUS provided in fie reflects incorrect loan amount. |  |  |  | Reviewer Comment (2022-11-28): AUS provided<br>Seller Comment (2022-11-23): (Rate Lock) Aus Findings approve ineligible per loan size | 11/28/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27312189 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule (Dodd-Frank 2014): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. | File is missing a copy of the disclosure provided within three business days of the application date, [Redact]. Note: the file contained a copy of the disclosure dated [Redact]. |  |  |  | Reviewer Comment (2022-11-28): Initial disclosure provided<br>Seller Comment (2022-11-25): (Rate Lock) Counseling, Initial Disclosure | 11/28/2022 |  |  | 1 B A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219145366 | [Redact} | [Redact} | [Redact} | 27339697 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met |  | The AUS provided identified the occupancy as Investment; however the loan was delivered as a 2nd Home. Provide a revised AUS correcting the occupancy. |  |  |  | Reviewer Comment (2022-12-02): Revised AUS provided<br>Seller Comment (2022-12-02): (Rate Lock) findings now show this is a second home | 12/02/2022 |  |  | 1 A |  | [Redact} | Second Home | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219214338 | [Redact} | [Redact} | [Redact} | 27435980 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-29): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-12-28): sent via [Redact] [Redact] | 12/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219214338 | [Redact} | [Redact} | [Redact} | 27435981 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-29): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-12-28): sent via [Redact] [Redact] | 12/29/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219224309 | [Redact} | [Redact} | [Redact} | 27456290 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-21): Waived on Rate Lock: Collateral cleared by Custodian | 12/21/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219224309 | [Redact} | [Redact} | [Redact} | 27456291 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-21): Waived on Rate Lock: Collateral cleared by Custodian | 12/21/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219224309 | [Redact} | [Redact} | [Redact} | 27507199 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure did not disclose Amount of Non-Escrowed Property Costs over Year 1 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] not accurate. | The final CD disclosed the Non-Escrowed Property Costs over Year 1 as [Redact] or [Redact] per month on page 4; however the HOA dues are verified as [Redact] per year or [Redact] per month. Provide a post-close CD and letter of explanation correcting the Non-Escrowed Property Costs to [Redact] or documentation to verify the HOA dues are [Redact] per year. |  |  |  | Reviewer Comment (2022-12-23): [Redact] received Post CD and LOX.<br>Seller Comment (2022-12-21): PCCD and LOE | 12/23/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 219224448 | [Redact} | [Redact} | [Redact} | 27456820 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-22): Waived on Rate Lock: Collateral cleared by Custodian | 12/22/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219224448 | [Redact} | [Redact} | [Redact} | 27456821 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-22): Waived on Rate Lock: Collateral cleared by Custodian | 12/22/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219224448 | [Redact} | [Redact} | [Redact} | 27525283 |  | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 |  |  |  |  |  | Reviewer Comment (2022-12-22): Final 1003 provided. Exception cleared.<br>Seller Comment (2022-12-22): (Rate Lock) Final 1003 | 12/22/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219224448 | [Redact} | [Redact} | [Redact} | 27525524 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. |  | DTI variance due to calculation of REO rental income for [Redact] AUS and 1003 reflects loss of [Redact] however the calculated loss is [Redact]. Lender to provide supporting documentation for rental income calculation. |  |  |  | Reviewer Comment (2022-12-23): Updated 1008, 1003 and AUS provided. DTI was below the guideline max.<br>Seller Comment (2022-12-23): (Rate Lock) Updated AUS and corrected 1008-1003 | 12/23/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219224448 | [Redact} | [Redact} | [Redact} | 27525531 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan Designation determined to be QM (APOR)Risk due to failing DTI. |  |  |  | Reviewer Comment (2022-12-23): Updated 1008, 1003 and AUS provided. DTI was below the guideline max.<br>Seller Comment (2022-12-23): (Rate Lock) Updated AUS and corrected 1008-1003 | 12/23/2022 |  |  | 1 B A C |  | [Redact} | Primary | Purchase | Lender to provide updated ATR/QM status C B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 219224448 | [Redact} | [Redact} | [Redact} | 27525532 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and 1026.43(e) of [Redact] moderately exceeds the guideline maximum of [Redact]. (DTI Exception is eligible to be regraded with compensating factors.) | DTI variance due to calculation of REO rental income for [Redact] AUS and 1003 reflects loss of [Redact] however the calculated loss is [Redact]. Lender to provide supporting documentation for rental income calculation. |  |  |  | Reviewer Comment (2022-12-23): Updated 1008, 1003 and AUS provided. DTI was below the guideline max.<br>Seller Comment (2022-12-23): (Rate Lock) Updated AUS and corrected 1008-1003 | 12/23/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219224448 | [Redact} | [Redact} | [Redact} | 27525545 |  | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. |  |  |  |  |  |  |  |  | 12/21/2022 | 2 B |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219224448 | [Redact} | [Redact} | [Redact} | 27525577 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor Guidelines Violation | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | QM risk due to failing DTI. |  |  |  | Reviewer Comment (2022-12-23): Updated 1008, 1003 and AUS provided. DTI was below the guideline max. | 12/23/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219234188 | [Redact} | [Redact} |  | 27463489 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. |  |  |  | Reviewer Comment (2022-11-22): Delivery confirmation received. Cleared<br>Buyer Comment (2022-11-22): Appraisal delivery | 11/22/2022 |  |  | 1 B A |  | [Redact} | Second Home | Purchase | B A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219234189 | [Redact} | [Redact} |  | 27463494 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  | The file was missing a copy of the required fraud report including all interested parties to the transaction. Provide a fraud report to include the borrowers, seller, listing and selling agents, the appraiser, and the loan originator, as required by the guidelines. |  |  |  | Reviewer Comment (2022-11-07): Fraud report provided. Cleared.<br>Buyer Comment (2022-11-07): Fraud | 11/07/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219234189 | [Redact} | [Redact} |  | 27463501 |  | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Cure provided at closing. |  |  |  | Reviewer Comment (2022-10-24): Sufficient Cure Provided At Closing |  | 10/24/2022 |  | 1 A |  | [Redact} | Second Home | Purchase | Final CD evidences Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 219234189 | [Redact} | [Redact} |  | 27463502 |  | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. |  | Insufficient reserves, overlays require 12 months |  |  |  | Reviewer Comment (2022-11-21): Statement received. Cleared<br>Buyer Comment (2022-11-18): Correction annuity quarterly statement<br>Buyer Comment (2022-11-18): Life ins quarterly statement | 11/21/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219238221 | [Redact} | [Redact} | [Redact} | 27474833 |  | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. |  |  |  |  |  | Buyer Comment (2022-12-16): Waived on Rate Lock: Collateral cleared by Custodian | 12/16/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219238221 | [Redact} | [Redact} | [Redact} | 27474834 |  | Credit | Collateral | Missing/Incorrect | Collateral | Missing tracking number for delivery of collateral file. |  |  |  |  |  | Buyer Comment (2022-12-16): Waived on Rate Lock: Collateral cleared by Custodian<br>Seller Comment (2022-12-16): (Rate Lock) [Redact] shipped via [Redact] | 12/16/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219238221 | [Redact} | [Redact} | [Redact} | 27493345 |  | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided |  |  |  |  |  | Reviewer Comment (2022-12-16): Fraud report provided<br>Seller Comment (2022-12-16): (Rate Lock) Fraud Report Uploaded | 12/16/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219238221 | [Redact} | [Redact} | [Redact} | 27493385 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account Statement Missing | RESPA: Initial escrow account statement was not provided to the borrower. |  |  |  |  | Reviewer Comment (2022-12-16): IEAD provided<br>Seller Comment (2022-12-16): (Rate Lock) IEAD uploaded | 12/16/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 219238221 | [Redact} | [Redact} | [Redact} | 27493386 |  | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. |  |  |  |  | Reviewer Comment (2022-12-16): Disclosure provided<br>Seller Comment (2022-12-16): (Rate Lock) HOmeownership counseling list uploaded | 12/16/2022 |  |  | 1 B A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219238221 | [Redact} | [Redact} | [Redact} | 27493392 |  | Compliance | Compliance | Federal Compliance | TRID Defect | TILA-RESPA Integrated Disclosure: application date on or after 10/3/2015, no Loan Estimates in the Loan File | TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s). The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing. Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to [Redact] may be required. | Unable to determine if a tolerance cure is required as the Loan Estimate is missing. |  |  |  | Reviewer Comment (2022-12-16): Initial LE provided<br>Seller Comment (2022-12-16): (Rate Lock) Loan estimate uploaded | 12/16/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | No Defined Cure A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219238221 | [Redact} | [Redact} | [Redact} | 27493429 |  | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file |  |  |  |  |  | Reviewer Comment (2022-12-16): Fraud report provided<br>Seller Comment (2022-12-16): (Rate Lock) Fraud Report uploaded | 12/16/2022 |  |  | 1 C A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219238221 | [Redact} | [Redact} | [Redact} | 27503612 |  | Credit | Guideline | Guideline Issue | Guideline | The property site acres is greater than [Redact] acres which does not meet guidelines. | - Site Acres: ___ | Per the guidelines, for properties with greater than [Redact] acres, the appraiser must provide at least 3 comparable sales with similar acreage. The appraisal only included 1 comparable sale with [Redact] acres, the other 2 comparable sales and the listing did not have similar acreage to the subject. |  |  |  | Reviewer Comment (2022-12-20): Updated Appraisal with additional comps provided. Comps are within required distance and reflect similar acreage. Exception cleared.<br>Seller Comment (2022-12-20): (Rate Lock) Please see updated appraisal with comps | 12/20/2022 |  |  | 1 A |  | [Redact} | Primary | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219347794 | [Redact} | [Redact} |  | 27542877 |  | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Verification appraisal was delivered to borrower was provided. Appraisal effective date is [Redact] and the Report date is [Redact]. Earlier dated appraisal was not provided. |  |  |  | Reviewer Comment (2022-12-02): Original appraisal and proof of receipt provided.<br>Buyer Comment (2022-12-02): Delivery for updated appraisal<br>Buyer Comment (2022-12-02): Delivery for original appraisal<br>Buyer Comment (2022-12-02): Original appraisal | 12/02/2022 |  |  | 1 B A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219347794 | [Redact} | [Redact} |  | 27542878 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. |  |  |  | Reviewer Comment (2022-12-05): Undiscounted rate and cost provided. Cleared. | 12/05/2022 |  |  | 1 B A C |  | [Redact} | Second Home | Purchase | Lender to provide updated ATR/QM status C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes |
| 219347794 | [Redact} | [Redact} |  | 27542879 |  | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees 2021 | Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of [Redact] of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an allowable total of [Redact] (an overage of [Redact] or [Redact]). | Please provide documentation (Rate Sheet or breakdown from Lock Desk) of un-discounted rate and price in order to properly test bona-fide discount point(s). |  |  |  | Reviewer Comment (2022-12-05): ounted rate and cost provided. Cleared.<br>Buyer Comment (2022-12-05): Lender LOE/attestation<br>Reviewer Comment (2022-12-05): Rate sheet was provided. Undiscounted rate appears to be [Redact], the discounted rate at closing was [Redact] and testing is set at .20% discount for every percentage point (1%) paid. Please confirm the bona fide discount points paid to reduce the rate. Unable to ascertain with documentation provided,<br>Buyer Comment (2022-12-02): Lock details and pricing grid | 12/05/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219405555 | [Redact} | [Redact} |  | 27641370 |  | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - PUD not provided |  | The Rider-PUD on file is missing page 2, provide all 3 pages for completion. |  |  |  | Reviewer Comment (2022-12-21): PUD rider provided<br>Buyer Comment (2022-12-21): PUD Rider- All pages | 12/21/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219405555 | [Redact} | [Redact} |  | 27641371 |  | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcripts (1040). |  | Missing 2021 full transcripts. IRA distributions were used for income qualifying. |  |  |  | Reviewer Comment (2022-12-27): After further review, exception has been cleared.<br>Buyer Comment (2022-12-27): Lender's rebuttal: Per the U/W, taxes are not needed. You can use 1099's. In this case I used 2022 receipt of [Redact] + 2021 1099 Guideline: Document current receipt of the income, as verified by one or more of the following: • a statement from the organization providing the income, • a copy of retirement award letter or benefit statement, • a copy of financial or bank account statement, • a copy of signed federal income tax return, • an IRS W-2 form, or • an IRS 1099 form. If retirement income is paid in the form of a distribution from a 401(k), IRA, or Keogh retirement account, determine whether the income is expected to continue for at least three years after the date of the mortgage application. Eligible retirement account balances (from a 401(k), IRA, or Keogh) may be combined for the purpose of determining whether the three-year continuance requirement is met. Note: The borrower must have unrestricted access to the accounts without penalty. | 12/27/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |
| 219405555 | [Redact} | [Redact} |  | 27641374 |  | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: |  | File was missing a copy of the 1084 or income worksheet |  |  |  | Reviewer Comment (2022-12-21): UW Wksht provided. Cleared.<br>Buyer Comment (2022-12-21): Income Worksheet | 12/21/2022 |  |  | 1 C A |  | [Redact} | Second Home | Purchase | C A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |

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## Exhibit 99.2

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.2**

![](situs.jpg)

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| |
|:---|
| **Rating Agency Grades** |
| **Run Date - 3/2/2023 3:49:31 PM** |

---

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **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** |
| **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** |
| 213282699 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 213282842 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | B | B | A | B |  |
| 213289153 | [Redact] | [Redact] | [Redact] |  | C | C | C | C | A | A | A | A |  |
| 213358195 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 213401548 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | B | A | B |  |
| 213442845 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | B | A | B |  |
| 213442885 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 213483061 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | A | A | A |  |
| 213492061 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | B | A | B |  |
| 213578858 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | A | A | A |  |
| 213627822 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | B | A | B |  |
| 213639915 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | A | A | A |  |
| 213659312 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | B | B | A | B |  |
| 213685868 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | B | B | A | B |  |
| 213685879 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 213699360 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 213738348 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | A | A | A |  |
| 213872560 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | A | A | A |  |
| 214030163 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | B | A | B |  |
| 214051047 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 214051054 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | B | A | B |  |
| 214144103 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | B | A | B |  |
| 214181731 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 214463064 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | B | A | B |  |
| 214463188 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | A | A | A |  |
| 214468200 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 214603276 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 214653324 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 214683318 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 214687437 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 214704870 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 214710749 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | B | A | B |  |
| 214755890 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 215059012 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | A | A | A |  |
| 215060687 | [Redact] | [Redact] | [Redact] |  | C | B | A | C | A | A | A | A |  |
| 215121055 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | B | A | A | B |  |
| 215289156 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | B | A | B |  |
| 215290876 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 215312601 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 215312615 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 215326381 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | B | A | B |  |
| 215327409 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | B | A | A | B |  |
| 215385341 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 215389881 | [Redact] | [Redact] | [Redact] |  | C | B | A | C | A | A | A | A |  |
| 215421448 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | B | A | B |  |
| 215505829 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | B | A | B |  |
| 215573345 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 215629676 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 215686980 | [Redact] | [Redact] | [Redact] |  | C | B | A | C | B | B | A | B |  |
| 215752608 | [Redact] | [Redact] | [Redact] |  | C | B | A | C | A | A | A | A |  |
| 215795626 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | A | A | A |  |
| 215809757 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 215901566 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | A | A | A |  |
| 215908671 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 215922478 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 215943159 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 215943163 | [Redact] | [Redact] |  |  | C | A | A | C | B | A | A | B |  |
| 215943170 | [Redact] | [Redact] |  |  | B | A | A | B | B | A | A | B |  |
| 215963904 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | A | A | A |  |
| 216076831 | [Redact] | [Redact] |  |  | C | B | A | C | B | B | A | B |  |
| 216128889 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 216131447 | [Redact] | [Redact] | [Redact] |  | B | A | A | B | B | A | A | B |  |
| 216141706 | [Redact] | [Redact] | [Redact] |  | C | B | A | C | A | A | A | A |  |
| 216274575 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | B | A | B |  |
| 216296261 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 216316114 | [Redact] | [Redact] |  |  | A | C | A | C | A | A | A | A |  |
| 216331614 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | A | A | A |  |
| 216333664 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | B | A | B |  |
| 216350245 | [Redact] | [Redact] |  |  | A | C | A | C | A | A | A | A |  |
| 216413222 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | A | A | A |  |
| 216414062 | [Redact] | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| 216414129 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216414131 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216414158 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 216414166 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 216414190 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 216425409 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 216425414 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 216425417 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 216425436 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216425477 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 216425493 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 216425506 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 216425516 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 216425534 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216425538 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216426937 | [Redact] | [Redact] |  |  | C | B | A | C | A | B | A | B |  |
| 216426942 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 216433287 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 216435622 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | B | A | B |  |
| 216439182 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | B | A | B |  |
| 216439467 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 216440662 | [Redact] | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| 216440680 | [Redact] | [Redact] |  |  | A | A | D | D | A | A | A | A |  |
| 216450370 | [Redact] | [Redact] |  |  | B | A | A | B | A | A | A | A |  |
| 216450963 | [Redact] | [Redact] |  |  | C | B | D | D | A | A | A | A |  |
| 216556067 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216556068 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216621014 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 216621029 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216621037 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216621039 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216731950 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 216731958 | [Redact] | [Redact] |  |  | C | C | A | C | A | B | A | B |  |
| 216731971 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 216731978 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216731987 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 216732019 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 216732042 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 216732043 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216732050 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216732051 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 216735625 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | B | A | B |  |
| 216756152 | [Redact] | [Redact] |  |  | B | A | A | B | B | A | A | B |  |
| 216771558 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 216771559 | [Redact] | [Redact] |  |  | C | B | A | C | A | B | A | B |  |
| 216771608 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216855409 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216865755 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 216924917 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 216966314 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 216966353 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 216966372 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216966374 | [Redact] | [Redact] |  |  | B | C | A | C | B | B | A | B |  |
| 216966379 | [Redact] | [Redact] |  |  | C | C | A | C | A | B | A | B |  |
| 216966384 | [Redact] | [Redact] |  |  | C | C | A | C | B | B | A | B |  |
| 216966402 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 216966412 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216966418 | [Redact] | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| 216966424 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216966425 | [Redact] | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| 216967058 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 216967066 | [Redact] | [Redact] |  |  | C | C | A | C | A | B | A | B |  |
| 216967079 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 216967080 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 217043581 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | A | A | A |  |
| 217053045 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 217066730 | [Redact] | [Redact] | [Redact] |  | C | B C | A | C | A | A | A | A |  |
| 217080850 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217081209 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 217081215 | [Redact] | [Redact] |  |  | C | C | A | C | A | B | A | B |  |
| 217081233 | [Redact] | [Redact] |  |  | C | C | A | C | A | B | A | B |  |
| 217081239 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 217081244 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 217081249 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 217081253 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081254 | [Redact] | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| 217081257 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 217081258 | [Redact] | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| 217081265 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 217081266 | [Redact] | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| 217081267 | [Redact] | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| 217081276 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081278 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081282 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081291 | [Redact] | [Redact] |  |  | C | B | A | C | A | B | A | B |  |
| 217081294 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081295 | [Redact] | [Redact] |  |  | A | C | A | C | A | A | A | A |  |
| 217081298 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081312 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081313 | [Redact] | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| 217081320 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081321 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081323 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081325 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081326 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 217081328 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081329 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 217081331 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081333 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217081334 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217086282 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 217086283 | [Redact] | [Redact] |  |  | C | A | D | D | A | A | A | A |  |
| 217124790 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217127028 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217127038 | [Redact] | [Redact] |  |  | A | B | A | B | A | A | A | A |  |
| 217131597 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217144083 | [Redact] | [Redact] | [Redact] |  | C | B | A | C | A | B | A | B |  |
| 217144096 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217151026 | [Redact] | [Redact] |  |  | C | C | A | C | A | B | A | B |  |
| 217151237 | [Redact] | [Redact] | [Redact] |  | C | B | A | C | A | B | A | B |  |
| 217152492 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 217152499 | [Redact] | [Redact] |  |  | A | C | A | C | A | A | A | A |  |
| 217152500 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 217156980 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217196711 | [Redact] | [Redact] | [Redact] |  | A | A | D | D | A | A | A | A |  |
| 217196724 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | A | A | A |  |
| 217207834 | [Redact] | [Redact] |  |  | C | C | A | C | B | A | A | B |  |
| 217208206 | [Redact] | [Redact] |  |  | C | C | A | C | A | B | A | B |  |
| 217208211 | [Redact] | [Redact] |  |  | A | C | D | D | A | A | A | A |  |
| 217211408 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 217218192 | [Redact] | [Redact] |  |  | A | A | D | D | A | A | A | A |  |
| 217238792 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217244219 | [Redact] | [Redact] |  |  | C | C | A | C | B | A | A | B |  |
| 217245772 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 217254603 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217255031 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | B | A | B |  |
| 217272468 | [Redact] | [Redact] |  |  | C | A | A | C | B | A | A | B |  |
| 217272469 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217280230 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | B | A | B |  |
| 217301015 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217302880 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217349714 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217349720 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217350544 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217361475 | [Redact] | [Redact] |  |  | A | B C | A | B C | A | A | A | A |  |
| 217361479 | [Redact] | [Redact] |  |  | A | C | A | C | A | A | A | A |  |
| 217361480 | [Redact] | [Redact] |  |  | A | C | A | C | A | A | A | A |  |
| 217361481 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217398774 | [Redact] | [Redact] |  |  | C | A | A | C | B | A | A | B |  |
| 217398863 | [Redact] | [Redact] |  |  | C | C | A | C | B | B | A | B |  |
| 217410666 | [Redact] | [Redact] | [Redact] |  | A | B | C | C | A | B | A | B |  |
| 217436123 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | B | A | B |  |
| 217454840 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 217454843 | [Redact] | [Redact] |  |  | A | C | D | D | A | B | A | B |  |
| 217455132 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217461787 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217495507 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 217544635 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 217544882 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 217544883 | [Redact] | [Redact] |  |  | C | A | A | C | B | A | A | B |  |
| 217672981 | [Redact] | [Redact] | [Redact] |  | A | B | D | D | A | B | A | B |  |
| 217674070 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217674554 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | A | A | A |  |
| 217675147 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217675224 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217676483 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217682900 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 217683204 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 217711104 | [Redact] | [Redact] | [Redact] |  | C | B | A | C | A | B | A | B |  |
| 217713150 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217718134 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | A | A | A |  |
| 217719444 | [Redact] | [Redact] | [Redact] |  | B | A | A | B | A | A | A | A |  |
| 217720816 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217730450 | [Redact] | [Redact] | [Redact] |  | A | C | C | C | A | B | A | B |  |
| 217750992 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | A | A | A |  |
| 217753641 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 217757433 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 217762284 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 217762941 | [Redact] | [Redact] | [Redact] |  | B | B | A | B | B | A | A | B |  |
| 217763114 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217764821 | [Redact] | [Redact] | [Redact] |  | D | C | A | D | A | A | A | A |  |
| 217764853 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217764857 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 217764859 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 217764860 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 217778738 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | B | A | B |  |
| 217782111 | [Redact] | [Redact] | [Redact] |  | B | B | A | B | A | B | A | B |  |
| 217788287 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 217790957 | [Redact] | [Redact] |  |  | C | B | D | D | A | B | A | B |  |
| 217792845 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 217795644 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217798480 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 217816210 | [Redact] | [Redact] |  |  | A | A | D | D | A | A | A | A |  |
| 217816212 | [Redact] | [Redact] |  |  | A | C | D | D | A | A | A | A |  |
| 217823626 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217849514 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | B | A | B |  |
| 217858962 | [Redact] | [Redact] |  |  | B | A | A | B | B | A | A | B |  |
| 217858963 | [Redact] | [Redact] |  |  | C | C | A | C | A | B | A | B |  |
| 217973148 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 217975919 | [Redact] | [Redact] |  |  | C | A | D | D | A | A | A | A |  |
| 218007305 | [Redact] | [Redact] | [Redact] |  | B | A | A | B | A | A | A | A |  |
| 218032326 | [Redact] | [Redact] | [Redact] |  | A | B | D | D | A | B | A | B |  |
| 218033744 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218033943 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218055763 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 218055815 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | B | A | A | B |  |
| 218057436 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218100849 | [Redact] | [Redact] |  |  | A | B | A | B | A | A | A | A |  |
| 218233912 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218238493 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 218287510 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 218287515 | [Redact] | [Redact] |  |  | A | C | A | C | A | A | A | A |  |
| 218292106 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218294505 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218295650 | [Redact] | [Redact] | [Redact] |  | A | A | D | D | A | A | A | A |  |
| 218298301 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 218298332 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 218339084 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218346591 | [Redact] | [Redact] | [Redact] |  | D | B | A | D | A | B | A | B |  |
| 218347620 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 218347622 | [Redact] | [Redact] |  |  | B | B | A | B | B | B | A | B |  |
| 218363376 | [Redact] | [Redact] | [Redact] |  | A | B | D | D | A | A | A | A |  |
| 218377680 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218381166 | [Redact] | [Redact] |  |  | A | C | A | C | A | B | A | B |  |
| 218387359 | [Redact] | [Redact] | [Redact] |  | B | C | A | C | B | A | A | B |  |
| 218403065 | [Redact] | [Redact] | [Redact] |  | A | A | D | D | A | A | A | A |  |
| 218422960 | [Redact] | [Redact] | [Redact] |  | B | C | A | C | B | A | A | B |  |
| 218449127 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 218452621 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | A | A | A |  |
| 218453118 | [Redact] | [Redact] | [Redact] |  | A | A | D | D | A | A | A | A |  |
| 218453180 | [Redact] | [Redact] | [Redact] |  | B | A | A | B | B | A | A | B |  |
| 218481804 | [Redact] | [Redact] | [Redact] |  | D | C | D | D | A | A | A | A |  |
| 218487489 | [Redact] | [Redact] | [Redact] |  | A | C | D | D | A | A | A | A |  |
| 218487699 | [Redact] | [Redact] | [Redact] |  | C | A | D | D | A | A | A | A |  |
| 218500750 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218513932 | [Redact] | [Redact] |  |  | C | C | A | C | A | A | A | A |  |
| 218532009 | [Redact] | [Redact] | [Redact] |  | C B | B | A | C B | B | B | A | B |  |
| 218608593 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | A | A | A |  |
| 218608594 | [Redact] | [Redact] | [Redact] |  | A | C | A | C | A | A | A | A |  |
| 218671420 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | B | A | A | B |  |
| 218681977 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | A | A | A |  |
| 218707911 | [Redact] | [Redact] | [Redact] |  | B | C | D | D | B | A | A | B |  |
| 218707912 | [Redact] | [Redact] | [Redact] |  | C B | A | A | C B | B | A | A | B |  |
| 218707914 | [Redact] | [Redact] | [Redact] |  | A | A | D | D | A | A | A | A |  |
| 218713884 | [Redact] | [Redact] | [Redact] |  | B | A | A | B | B | A | A | B |  |
| 218714142 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 218720541 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218721156 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218725148 | [Redact] | [Redact] | [Redact] |  | B | A | A | B | B | A | A | B |  |
| 218746175 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | A | A | A |  |
| 218746341 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218782119 | [Redact] | [Redact] | [Redact] |  | B | B | D | D | B | B | A | B |  |
| 218784233 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 218805769 | [Redact] | [Redact] | [Redact] |  | A | A | D | D | A | A | A | A |  |
| 218813588 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | B | A | B |  |
| 218821854 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218835270 | [Redact] | [Redact] | [Redact] |  | B | A | A | B | B | A | A | B |  |
| 218835303 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 218835600 | [Redact] | [Redact] | [Redact] |  | B | A | A | B | B | A | A | B |  |
| 218835601 | [Redact] | [Redact] | [Redact] |  | B | A | D | D | B | A | A | B |  |
| 218837491 | [Redact] | [Redact] | [Redact] |  | B | B | D | D | B | B | A | B |  |
| 218909885 | [Redact] | [Redact] | [Redact] |  | B | A | A | B | B | A | A | B |  |
| 218910059 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218938140 | [Redact] | [Redact] | [Redact] |  | A | C | D | D | A | B | A | B |  |
| 218939977 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218940543 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 218943161 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | B | A | B |  |
| 218952213 | [Redact] | [Redact] |  |  | A | B | A | B | A | B | A | B |  |
| 218952215 | [Redact] | [Redact] |  |  | C | B | A | C | A | B | A | B |  |
| 218952220 | [Redact] | [Redact] |  |  | C | B | A | C | B | B | A | B |  |
| 218952222 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 218963621 | [Redact] | [Redact] | [Redact] |  | A | A | D | D | A | A | A | A |  |
| 218995549 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 218995859 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 219053907 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | A | A | A | A |  |
| 219058246 | [Redact] | [Redact] | [Redact] |  | A | A | D | D | A | A | A | A |  |
| 219059550 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | B | A | B |  |
| 219065816 | [Redact] | [Redact] | [Redact] |  | C | B | D | D | B | B | A | B |  |
| 219093089 | [Redact] | [Redact] |  |  | C | B | A | C | A | B | A | B |  |
| 219093091 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 219093094 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 219116443 | [Redact] | [Redact] |  |  | C | C | D | D | A | B | A | B |  |
| 219127962 | [Redact] | [Redact] | [Redact] |  | C | A | A | C | B | A | A | B |  |
| 219141456 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | B | A | B |  |
| 219145364 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 219145366 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | B | A | B |  |
| 219214338 | [Redact] | [Redact] | [Redact] |  | A | A | A | A | A | A | A | A |  |
| 219224309 | [Redact] | [Redact] | [Redact] |  | A | B | A | B | A | A | A | A |  |
| 219224448 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | B | A | A | B |  |
| 219234188 | [Redact] | [Redact] |  |  | A | B | A | B | A | A | A | A |  |
| 219234189 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |
| 219238221 | [Redact] | [Redact] | [Redact] |  | C | C | A | C | A | A | A | A |  |
| 219347794 | [Redact] | [Redact] |  |  | A | C | A | C | A | A | A | A |  |
| 219405552 | [Redact] | [Redact] |  |  | A | A | A | A | A | A | A | A |  |
| 219405555 | [Redact] | [Redact] |  |  | C | A | A | C | A | A | A | A |  |

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## Exhibit 99.2

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.2**

![](situs.jpg)

---

| |
|:---|
| **Data Compare (Non-Ignored)** |
| **Run Date - 3/2/2023 12:50:35 PM** |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** | **Comment** |
| 213282699 | [Redact] | [Redact] |  | [Redact] | Representative FICO | [Redact] | [Redact] | Verified | Field Value Representative FICO reflects the lowest mid score of the highest wage earner |
| 213282699 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 213282699 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | reflects 1008 |
| 213282842 | [Redact] | [Redact] |  | [Redact] | Representative FICO | [Redact] | [Redact] | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| 213282842 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | The 1008 DTI is [Redact] |
| 213289153 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 213289153 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | 1008 DTI is [Redact] |
| 213358195 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 213358195 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 213358195 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 213358195 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | The 1008 DTI is [Redact] |
| 213401548 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 213401548 | [Redact] | [Redact] |  | [Redact] | Occupancy | Primary | Second Home | Verified | Field Value reflects Occupancy per the Final Loan Application |
| 213442845 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 213442845 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | The 1008 DTI is [Redact] |
| 213442885 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 213442885 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field value lower but within 3% of 1008. |
| 213483061 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 213483061 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 213483061 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | matches the 1008 |
| 213492061 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value is lower than Bid Tape |
| 213578858 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 213578858 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Unable to verify due to missing information |
| 213627822 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 213627822 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 213627822 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 213627822 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| 213639915 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 213639915 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Unable to verify due to missing information |
| 213659312 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 213659312 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | The 1008 DTI is [Redact] |
| 213685868 | [Redact] | [Redact] |  | [Redact] | Borrower Last Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| 213685868 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value but not < [Redact] as required by QM/TQM |
| 213685879 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Verified by income an debts on file |
| 213699360 | [Redact] | [Redact] |  | [Redact] | Representative FICO | [Redact] | [Redact] | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| 213699360 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 213738348 | [Redact] | [Redact] |  | [Redact] | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| 214030163 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | The 1008 DTI is [Redact] |
| 214051047 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 214051047 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value but not < [Redact] as required by QM/TQM |
| 214051054 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 214181731 | [Redact] | [Redact] |  | [Redact] | Representative FICO | [Redact] | [Redact] | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| 214181731 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 214181731 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | DTI matches 1008 |
| 214463064 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 214463188 | [Redact] | [Redact] |  | [Redact] | Representative FICO | [Redact] | [Redact] | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| 214463188 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 214468200 | [Redact] | [Redact] |  | [Redact] | Representative FICO | [Redact] | [Redact] | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| 214603276 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 214603276 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | The 1008 DTI is [Redact] |
| 214653324 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 214653324 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value but not < [Redact] as required by QM/TQM |
| 214683318 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Tape Value DTI cannot be located on any documentation within the loan file. |
| 214704870 | [Redact] | [Redact] |  | [Redact] | Representative FICO | [Redact] | [Redact] | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| 214704870 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 214710749 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 214710749 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Unable to verify due to missing information |
| 214755890 | [Redact] | [Redact] |  | [Redact] | Representative FICO | [Redact] | [Redact] | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| 214755890 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | [Redact] per 1008. |
| 215059012 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 215060687 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | DTI matches 1008. |
| 215121055 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 215121055 | [Redact] | [Redact] |  | [Redact] | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| 215289156 | [Redact] | [Redact] |  | [Redact] | Representative FICO | [Redact] | [Redact] | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| 215289156 | [Redact] | [Redact] |  | [Redact] | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lesser of the appraised value or purchase price. (Purchases) |
| 215289156 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | [Redact] per 1008. |
| 215290876 | [Redact] | [Redact] |  | [Redact] | Representative FICO | [Redact] | [Redact] | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| 215290876 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 215290876 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 215312615 | [Redact] | [Redact] |  |  | Original PITI | [Redact] | [Redact] | Verified | Field Value reflects calculation based on Note, Taxes, Insurance and HOA as applicable per documentation in file |
| 215327409 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 215327409 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | The 1008 DTI is [Redact] |
| 215385341 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 215421448 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 215421448 | [Redact] | [Redact] |  | [Redact] | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| 215421448 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | The 1008 DTI is [Redact] |
| 215505829 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | The 1008 DTI is [Redact] |
| 215629676 | [Redact] | [Redact] | [Redact] |  | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 215629676 | [Redact] | [Redact] | [Redact] |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 215686980 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 215795626 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 215809757 | [Redact] | [Redact] | [Redact] |  | MERS Min Number | [Redact] | [Redact] | Verified | Field value reflects source document |
| 215809757 | [Redact] | [Redact] | [Redact] |  | Universal Loan Identifier (ULI) | [Redact] |  | Verified | Field value reflects source document |
| 215901566 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 215908671 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 215908671 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 215922478 | [Redact] | [Redact] |  |  | Borrower Last Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| 215922478 | [Redact] | [Redact] |  |  | Maturity Date | [Redact] | [Redact] | Verified | Field Value reflects Maturity Date per the Note |
| 215922478 | [Redact] | [Redact] |  |  | Borrower Middle Name | [Redact] | [Redact] | Verified | Field value reflects source document |
| 215943159 | [Redact] | [Redact] |  |  | Universal Loan Identifier (ULI) | [Redact] |  | Verified | Field value reflects source document |
| 215943163 | [Redact] | [Redact] |  |  | Property Type | Single Family | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 215943163 | [Redact] | [Redact] |  |  | Universal Loan Identifier (ULI) | [Redact] |  | Verified | Field value reflects source document |
| 215943170 | [Redact] | [Redact] |  |  | Universal Loan Identifier (ULI) | [Redact] |  | Verified | Field value reflects source document |
| 215963904 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 215963904 | [Redact] | [Redact] |  | [Redact] | Borrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Security Instrument |
| 215963904 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 215963904 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value but not < [Redact] as required by QM/TQM |
| 216076831 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 216076831 | [Redact] | [Redact] |  |  | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 216076831 | [Redact] | [Redact] |  |  | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lesser of the appraised value or purchase price. (Purchases) |
| 216076831 | [Redact] | [Redact] |  |  | Original LTV | [Redact] | [Redact] | Verified | Field Value reflects Original Principal Balance divided by the lesser of the appraised value or purchase price. (Purchases) |
| 216076831 | [Redact] | [Redact] |  |  | Borrower FTHB | 0 | 1 | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| 216076831 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | New exception relating to prior exception. Missing P&L and Balance Sheets provided. Income analysis in file for loan approval reflects 2019 and 2020 income average was used; however, file does not contain 2020 W2. Review is using the 2020 year end P&L as the most conservative approach as it is declining from 2019. Review noted W2 income in the 2020 year PL; however, due to lack of borrower W2 unable to ascertain borrowers W2 earnings in 2020 so this W2 income from the P&L was omitted. DTI excessive. Provide evidence of borrower W2 for 2020. DTI subject to re-calculation. |
| 216128889 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 216131447 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 216131447 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 216141706 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 216274575 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 216274575 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 216296261 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 216331614 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 216331614 | [Redact] | [Redact] |  | [Redact] | Borrower SSN | [Redact] | [Redact] | Verified | Field Value verified by application or other documentation in file |
| 216331614 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| 216331614 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | The final 1003 lists the borrowers debts twice. |
| 216333664 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 216333664 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value but within 3% and < [Redact] DTI |
| 216350245 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 216350245 | [Redact] | [Redact] |  |  | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 216350245 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Invalid Tape Value. Lenders DTI from final 1008 = [Redact]. |
| 216413222 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | The 1008 DTI is [Redact] |
| 216425417 | [Redact] | [Redact] |  |  | Occupancy | Primary | Second Home | Verified | Field Value reflects Occupancy per the Final Loan Application |
| 216435622 | [Redact] | [Redact] |  | [Redact] | Original Interest Rate | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 216435622 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 216439182 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 216439182 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 216439182 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 216439467 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 216439467 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | DTI on the 1008 is [Redact] |
| 216450370 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 216556067 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 216556068 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 216556068 | [Redact] | [Redact] |  |  | Decision System | DU | LP / LPA | Verified | Field value reflects source document |
| 216621014 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 216621014 | [Redact] | [Redact] |  |  | Occupancy | Primary | Second Home | Verified | Field Value reflects Occupancy per the Final Loan Application |
| 216621014 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Invalid tape data. Lenders 1008 DTI = [Redact]. |
| 216621014 | [Redact] | [Redact] |  |  | Decision System | DU | LP / LPA | Verified | Field value reflects source document |
| 216621029 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 216621037 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 216621039 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 216731950 | [Redact] | [Redact] |  |  | Original Term | 30 | 360 | Verified | Field Value reflects the Note value |
| 216731950 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value but within 3% and < [Redact] DTI |
| 216731958 | [Redact] | [Redact] |  |  | Original Term | 30 | 360 | Verified | Field Value reflects the Note value |
| 216731971 | [Redact] | [Redact] |  |  | Original Term | 30 | 360 | Verified | Field Value reflects the Note value |
| 216731978 | [Redact] | [Redact] |  |  | Original Term | 30 | 360 | Verified | Field Value reflects the Note value |
| 216731987 | [Redact] | [Redact] |  |  | Original Term | 30 | 360 | Verified | Field Value reflects the Note value |
| 216732019 | [Redact] | [Redact] |  |  | Original Term | 30 | 360 | Verified | Field Value reflects the Note value |
| 216732042 | [Redact] | [Redact] |  |  | Original Term | 30 | 360 | Verified | Field Value reflects the Note value |
| 216732042 | [Redact] | [Redact] |  |  | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 216732043 | [Redact] | [Redact] |  |  | Original Term | 30 | 360 | Verified | Field Value reflects the Note value |
| 216732043 | [Redact] | [Redact] |  |  | Investor: Qualifying Housing Ratio | [Redact] | [Redact] | Verified | Lender approved the subject loan with a housing ratio of [Redact]. |
| 216732043 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Lender approved the subject loan with a DTI of [Redact]. |
| 216732050 | [Redact] | [Redact] |  |  | Original Term | 30 | 360 | Verified | Field Value reflects the Note value |
| 216732051 | [Redact] | [Redact] |  |  | Original Term | 30 | 360 | Verified | Field Value reflects the Note value |
| 216735625 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 216735625 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 216771558 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 216771559 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 216771608 | [Redact] | [Redact] |  |  | Borrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| 216771608 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 216771608 | [Redact] | [Redact] |  |  | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 216855409 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 216855409 | [Redact] | [Redact] |  |  | Original CLTV | [Redact] | [Redact] | Verified | Bid Tape Error, per AUS and final 1008 the approved CLTV is [Redact] |
| 216855409 | [Redact] | [Redact] |  |  | Original LTV | [Redact] | [Redact] | Verified | Bid Tape Error, per AUS and final 1008 the approved LTV is [Redact] |
| 216924917 | [Redact] | [Redact] |  |  | Borrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| 216924917 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 216924917 | [Redact] | [Redact] |  |  | Decision System | DU | LP / LPA | Verified | Field value reflects source document |
| 216966384 | [Redact] | [Redact] |  |  | Property Type | PUD | Single Family Detached | Verified | Field Value captured from Appraisal or Valuation model in file |
| 216966412 | [Redact] | [Redact] |  |  | Property Type |  | 2 Family | Verified | Field Value captured from Appraisal or Valuation model in file |
| 216967058 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 216967066 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 216967066 | [Redact] | [Redact] |  |  | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| 216967066 | [Redact] | [Redact] |  |  | Original LTV | [Redact] | [Redact] | Verified | Field Value reflects the Original Principal Balance divided by the lowest appraised value. (Refinances) |
| 216967066 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Within tolerance |
| 216967079 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 216967079 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Invalid tape data. Lenders 1008 DTI = [Redact]. |
| 216967080 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 216967080 | [Redact] | [Redact] |  |  | Decision System | DU | LP / LPA | Verified | Field value reflects source document |
| 217043581 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217066730 | [Redact] | [Redact] |  | [Redact] | Borrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| 217066730 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Lender used 100% of the lease rental income for [Redact] instead of using 75% of lease amount for qualification. |
| 217080850 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217081249 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 217081313 | [Redact] | [Redact] |  |  | Property Type | Condo (Low Rise) | Condo (High Rise) | Verified | Field Value captured from Appraisal or Valuation model in file |
| 217124790 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217127028 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 217127038 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217127038 | [Redact] | [Redact] |  |  | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 217127038 | [Redact] | [Redact] |  |  | Refi Purpose |  | Rate/Term | Verified | Unable to verify due to missing information |
| 217127038 | [Redact] | [Redact] |  |  | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| 217127038 | [Redact] | [Redact] |  |  | Original LTV | [Redact] | [Redact] | Verified | Field Value reflects the Original Principal Balance divided by the lowest appraised value. (Refinances) |
| 217144083 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Unable to verify due to missing information |
| 217144096 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217151237 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217152492 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 217152492 | [Redact] | [Redact] |  |  | Representative FICO | [Redact] | [Redact] | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| 217152492 | [Redact] | [Redact] |  |  | Refi Purpose |  | Rate/Term | Verified | Field Value reflects borrower not receiving cash out and/or paying off debts >[Redact] or 2% of loan amount per HUD-1/CD |
| 217152492 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Data tape error. 1008 indicates DTI of [Redact]. |
| 217152499 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217152499 | [Redact] | [Redact] |  |  | Refi Purpose |  | Cash-out - Other | Verified | Unable to verify due to missing information |
| 217152500 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217152500 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Per AUS DTI is [Redact] and calculated DTI is [Redact]. |
| 217152500 | [Redact] | [Redact] |  |  | Decision System | LP / LPA | DU | Verified | Field value reflects source document |
| 217156980 | [Redact] | [Redact] |  |  | Disbursement Date | [Redact] | [Redact] | Verified | Field value reflects source document |
| 217196724 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 1 | 0 | Verified | Field value reflects source document |
| 217207834 | [Redact] | [Redact] |  |  | Note Date | [Redact] | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 217207834 | [Redact] | [Redact] |  |  | MERS Min Number | [Redact] | [Redact] | Verified | Field value reflects source document |
| 217208206 | [Redact] | [Redact] |  |  | Borrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| 217208206 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217208211 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 217211408 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Unable to verify due to missing information |
| 217238792 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 217238792 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| 217244219 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217254603 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Unable to verify due to missing information |
| 217272468 | [Redact] | [Redact] |  |  | Borrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| 217272468 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217272468 | [Redact] | [Redact] |  |  | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 217272468 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Invalid tape data. Lenders 1008 DTI = [Redact]. |
| 217272469 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217272469 | [Redact] | [Redact] |  |  | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 217272469 | [Redact] | [Redact] |  |  | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lowest appraised value. (Refinances) |
| 217272469 | [Redact] | [Redact] |  |  | Original LTV | [Redact] | [Redact] | Verified | Field Value reflects the Original Principal Balance divided by the lowest appraised value. (Refinances) |
| 217280230 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 217280230 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217301015 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 217349714 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217349714 | [Redact] | [Redact] |  |  | Property Type | Single Family | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 217349720 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217349720 | [Redact] | [Redact] |  |  | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 217350544 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Unable to verify due to missing information |
| 217361475 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217361479 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 217361479 | [Redact] | [Redact] |  |  | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 217361479 | [Redact] | [Redact] |  |  | Property Type | PUD | Single Family Detached | Verified | Field Value captured from Appraisal or Valuation model in file |
| 217361479 | [Redact] | [Redact] |  |  | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lesser of the appraised value or purchase price. (Purchases) |
| 217361479 | [Redact] | [Redact] |  |  | Original LTV | [Redact] | [Redact] | Verified | Field Value reflects Original Principal Balance divided by the lesser of the appraised value or purchase price. (Purchases) |
| 217361480 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217361480 | [Redact] | [Redact] |  |  | Decision System | DU | LP / LPA | Verified | Field value reflects source document |
| 217361481 | [Redact] | [Redact] |  |  | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 217361481 | [Redact] | [Redact] |  |  | Borrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| 217361481 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217361481 | [Redact] | [Redact] |  |  | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 217361481 | [Redact] | [Redact] |  |  | Decision System | DU | LP / LPA | Verified | Field value reflects source document |
| 217410666 | [Redact] | [Redact] |  | [Redact] | City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| 217410666 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217436123 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Unable to verify due to missing information |
| 217454840 | [Redact] | [Redact] |  |  | MERS Min Number | [Redact] | [Redact] | Verified | Field value reflects source document |
| 217454843 | [Redact] | [Redact] |  |  | MERS Min Number | [Redact] | [Redact] | Verified | Field value reflects source document |
| 217455132 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217455132 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Unable to verify due to missing information |
| 217461787 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 217461787 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 217461787 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217495507 | [Redact] | [Redact] |  |  | City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| 217495507 | [Redact] | [Redact] |  |  | Zip | [Redact] | [Redact] | Verified | Field Value reflects Zip per Note |
| 217495507 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217495507 | [Redact] | [Redact] |  |  | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 217544635 | [Redact] | [Redact] |  |  | Borrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| 217544635 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 217544635 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Within tolerance. |
| 217544635 | [Redact] | [Redact] |  |  | Decision System | DU | LP / LPA | Verified | Field value reflects source document |
| 217544882 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 217544883 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217544883 | [Redact] | [Redact] |  |  | Decision System | DU | LP / LPA | Verified | Field value reflects source document |
| 217674070 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 217674070 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217674554 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | DTI% matches Final 1008 = [Redact] |
| 217675147 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 217675147 | [Redact] | [Redact] |  | [Redact] | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lesser of the appraised value or purchase price. (Purchases) |
| 217675147 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 217675147 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Unable to verify due to missing information |
| 217675224 | [Redact] | [Redact] |  | [Redact] | Borrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| 217675224 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 217675224 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Unable to verify due to missing information |
| 217676483 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 217676483 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is in line with lender DTI shown on 1008 & AUS |
| 217682900 | [Redact] | [Redact] |  |  | MERS Min Number | [Redact] | [Redact] | Verified | Field value reflects source document |
| 217718134 | [Redact] | [Redact] |  | [Redact] | Original Interest Rate | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 217718134 | [Redact] | [Redact] |  | [Redact] | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lesser of the appraised value or purchase price. (Purchases) |
| 217718134 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217719444 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 217719444 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217719444 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is in line with lender DTI shown on 1008 & DU |
| 217730450 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217730450 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 217750992 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 217750992 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217753641 | [Redact] | [Redact] |  | [Redact] | City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| 217753641 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | DTI% matches Final 1008 = [Redact] |
| 217757433 | [Redact] | [Redact] |  | [Redact] | Representative FICO | [Redact] | [Redact] | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| 217757433 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217762284 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217762941 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217762941 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 217763114 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field value is lower than tape |
| 217764821 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217764853 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 217764853 | [Redact] | [Redact] |  |  | Borrower FTHB | 0 | 1 | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| 217764857 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 217764857 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Invalid tape data. Lenders 1008 DTI = [Redact]. |
| 217764859 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 217764860 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 217764860 | [Redact] | [Redact] |  |  | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 217778738 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Unable to verify due to missing information |
| 217792845 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 217792845 | [Redact] | [Redact] |  | [Redact] | Occupancy | Primary | Second Home | Verified | Field Value reflects Occupancy per the Final Loan Application |
| 217795644 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217798480 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD Attached | Verified | Field Value captured from Appraisal or Valuation model in file |
| 217798480 | [Redact] | [Redact] |  | [Redact] | Occupancy | Primary | Second Home | Verified | Field Value reflects Occupancy per the Final Loan Application |
| 217816212 | [Redact] | [Redact] |  |  | Note Date | [Redact] | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 217823626 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Unable to verify due to missing information |
| 217849514 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 217858962 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 217858963 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 217858963 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Invalid tape data. Lenders 1008 DTI = [Redact]. |
| 217973148 | [Redact] | [Redact] |  | [Redact] | Borrower Last Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| 217975919 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 218007305 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 218007305 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 218032326 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218033744 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 218033744 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 218033744 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218033943 | [Redact] | [Redact] |  | [Redact] | Borrower SSN | [Redact] | [Redact] | Verified | Field Value verified by application or other documentation in file |
| 218033943 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 218055763 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 218055763 | [Redact] | [Redact] |  |  | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 218055763 | [Redact] | [Redact] |  |  | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lesser of the appraised value or purchase price. (Purchases) |
| 218055763 | [Redact] | [Redact] |  |  | Original LTV | [Redact] | [Redact] | Verified | Field Value reflects Original Principal Balance divided by the lesser of the appraised value or purchase price. (Purchases) |
| 218055815 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 218055815 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 218057436 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 218057436 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 218100849 | [Redact] | [Redact] |  |  | MERS Min Number | [Redact] | [Redact] | Verified | Field value reflects source document |
| 218287510 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 218287510 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Invalid tape data. Lenders 1008 DTI = [Redact]. |
| 218287515 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 218287515 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Invalid tape data. Lenders 1008 DTI = [Redact]. |
| 218294505 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 218294505 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 218298301 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 218298332 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 218346591 | [Redact] | [Redact] |  | [Redact] | Borrower Last Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| 218346591 | [Redact] | [Redact] |  | [Redact] | Original CLTV | [Redact] | [Redact] | Verified | Tape Value reflects the higher of multiple Appraisals in file, Field Value reflects the lowest appraised value |
| 218347620 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Unable to verify due to missing information |
| 218347620 | [Redact] | [Redact] |  |  | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 218347620 | [Redact] | [Redact] |  |  | Original Interest Rate | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 218347620 | [Redact] | [Redact] |  |  | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lesser of the appraised value or purchase price. (Purchases) |
| 218347620 | [Redact] | [Redact] |  |  | Original LTV | [Redact] | [Redact] | Verified | Field Value reflects Original Principal Balance divided by the lesser of the appraised value or purchase price. (Purchases) |
| 218347620 | [Redact] | [Redact] |  |  | Borrower FTHB | 1 | 0 | Verified | Field Value verified by Application, Credit Report or other documentation in file |
| 218347622 | [Redact] | [Redact] |  |  | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 218347622 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 218347622 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Lender exception provided. |
| 218377680 | [Redact] | [Redact] |  | [Redact] | Originator Loan Designation | Non QM | Safe Harbor QM (APOR) | Verified | Field value reflects source document |
| 218422960 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 218449127 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 218449127 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218453180 | [Redact] | [Redact] |  | [Redact] | Original Interest Rate | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 218453180 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218481804 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218487699 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 218500750 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 218513932 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 218513932 | [Redact] | [Redact] |  |  | Decision System | DU | LP / LPA | Verified | Field value reflects source document |
| 218532009 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 218532009 | [Redact] | [Redact] |  | [Redact] | Representative FICO | [Redact] | [Redact] | Verified | Field Value Representative FICO reflects the lowest mid score of all borrowers |
| 218532009 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218608593 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218608594 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218608594 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 218671420 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 218671420 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 218681977 | [Redact] | [Redact] |  | [Redact] | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 218707911 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | DTI on the lender's 1008 is [Redact], however, a DTI variance does exist > 3% due to lender using higher income for the pension than is received by the borrower. |
| 218707911 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 218707912 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218707914 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218707914 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 218720541 | [Redact] | [Redact] |  | [Redact] | Original Loan Amount | [Redact] | [Redact] | Verified | Field Value reflects the Note value |
| 218720541 | [Redact] | [Redact] |  | [Redact] | Original CLTV | [Redact] | [Redact] | Verified | Field Value reflects the sum of Original Principal Balance and other financing divided by the lesser of the appraised value or purchase price. (Purchases) |
| 218720541 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218746175 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 218746341 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 218746341 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218784233 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218805769 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 218813588 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 218813588 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218821854 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 218835270 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 218835270 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 218835303 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 218835600 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 218837491 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 218837491 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 218909885 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 218910059 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 218939977 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 218943161 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 218952213 | [Redact] | [Redact] | [Redact] |  | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 218952213 | [Redact] | [Redact] | [Redact] |  | Coborrower First Name | [Redact] |  | Verified | Field Value reflects Co-Borrower name as it appears on the Note |
| 218952213 | [Redact] | [Redact] | [Redact] |  | Coborrower Last Name | [Redact] |  | Verified | Field Value reflects Co-Borrower name as it appears on the Note |
| 218952213 | [Redact] | [Redact] | [Redact] |  | Maturity Date | [Redact] | [Redact] | Verified | Field Value reflects Maturity Date per the Note |
| 218952215 | [Redact] | [Redact] | [Redact] |  | Coborrower First Name | [Redact] |  | Verified | Field Value reflects Co-Borrower name as it appears on the Note |
| 218952215 | [Redact] | [Redact] | [Redact] |  | Coborrower Last Name | [Redact] |  | Verified | Field Value reflects Co-Borrower name as it appears on the Note |
| 218952215 | [Redact] | [Redact] | [Redact] |  | Maturity Date | [Redact] | [Redact] | Verified | Field Value reflects Maturity Date per the Note |
| 218952215 | [Redact] | [Redact] | [Redact] |  | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 218952215 | [Redact] | [Redact] | [Redact] |  | Coborrower Middle Name | [Redact] |  | Verified | Field value reflects source document |
| 218952220 | [Redact] | [Redact] | [Redact] |  | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 218952220 | [Redact] | [Redact] | [Redact] |  | Maturity Date | [Redact] | [Redact] | Verified | Field Value reflects Maturity Date per the Note |
| 218952222 | [Redact] | [Redact] | [Redact] |  | Maturity Date | [Redact] | [Redact] | Verified | Field Value reflects Maturity Date per the Note |
| 218952222 | [Redact] | [Redact] | [Redact] |  | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 218995549 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 0 | 1 | Verified | Field value reflects source document |
| 218995859 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 219053907 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 219053907 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used lower PITIA than verified by audit |
| 219058246 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 0 | 1 | Verified | Field value reflects source document |
| 219059550 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 219059550 | [Redact] | [Redact] |  | [Redact] | Occupancy | Primary | Second Home | Verified | Field Value reflects Occupancy per the Final Loan Application |
| 219065816 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 219093089 | [Redact] | [Redact] | [Redact] |  | Property Type | Single Family | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 219093091 | [Redact] | [Redact] | [Redact] |  | Property Type | Single Family | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 219093094 | [Redact] | [Redact] | [Redact] |  | Property Type | Single Family | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 219116443 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 219116443 | [Redact] | [Redact] |  |  | Property Type | Single Family Detached | Condo (Low Rise) | Verified | Field Value captured from Appraisal or Valuation model in file |
| 219141456 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 219145364 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 219145364 | [Redact] | [Redact] |  | [Redact] | Escrow Account | 1 | 0 | Verified | Field value reflects source document |
| 219145366 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 219145366 | [Redact] | [Redact] |  | [Redact] | Occupancy | Primary | Second Home | Verified | Field Value reflects Occupancy per the Final Loan Application |
| 219145366 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used higher qualifying income than verified by audit |
| 219214338 | [Redact] | [Redact] |  | [Redact] | City | [Redact] | [Redact] | Verified | Field Value reflects City per Note |
| 219224309 | [Redact] | [Redact] |  | [Redact] | Property Type | Single Family Detached | PUD | Verified | Field Value captured from Appraisal or Valuation model in file |
| 219234188 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 219234189 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 219238221 | [Redact] | [Redact] |  | [Redact] | Has FTHB | 1 | 0 | Verified | Field value reflects source document |
| 219238221 | [Redact] | [Redact] |  | [Redact] | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value due to Lender used lower consumer debt than verified by audit |
| 219347794 | [Redact] | [Redact] |  |  | Street | [Redact] | [Redact] | Verified | Field Value reflects Street per Note |
| 219347794 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 219347794 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value but within 3% and < [Redact] DTI |
| 219405552 | [Redact] | [Redact] |  |  | Borrower First Name | [Redact] | [Redact] | Verified | Field Value reflects Borrower name as it appears on the Note |
| 219405552 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 219405552 | [Redact] | [Redact] |  |  | Decision System | DU | LP / LPA | Verified | Field value reflects source document |
| 219405555 | [Redact] | [Redact] |  |  | Note Date |  | [Redact] | Verified | Field Value reflects Note Date per the Note |
| 219405555 | [Redact] | [Redact] |  |  | Investor: Qualifying Total Debt Ratio | [Redact] | [Redact] | Verified | Field Value DTI is higher than Tape value but within 3% and < [Redact] DTI |

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## Exhibit 99.2

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.2**

![](situs.jpg)

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| |
|:---|
| **Valuation Report** |
| **Run Date - 3/2/2023 3:49:33 PM** |

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| **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **LOAN INFORMATION** | **ORIGINATION VALUES** | **ORIGINATION VALUES** | **ORIGINATION VALUES** | **ORIGINATION VALUES** | **ORIGINATION VALUES** | **ORIGINATION VALUES** | **ORIGINATION VALUES** | **ORIGINATION VALUES** | **ORIGINATION VALUES** | **ORIGINATION VALUES** | **ORIGINATION VALUES** | **ORIGINATION VALUES** | **AVM VALUES** | **AVM VALUES** | **AVM VALUES** | **AVM VALUES** | **AVM VALUES** | **AVM VALUES** | **DESK REVIEW VALUES** | **DESK REVIEW VALUES** | **DESK REVIEW VALUES** | **DESK REVIEW VALUES** | **DESK REVIEW VALUES** | **DESK REVIEW VALUES** | **DESK REVIEW VALUES** | **DESKTOP APPRAISAL VALUES** | **DESKTOP APPRAISAL VALUES** | **DESKTOP APPRAISAL VALUES** | **DESKTOP APPRAISAL VALUES** | **DESKTOP APPRAISAL VALUES** | **DESKTOP APPRAISAL VALUES** | **BPO VALUES** | **BPO VALUES** | **BPO VALUES** | **BPO VALUES** | **BPO VALUES** | **FIELD REVIEW VALUES** | **FIELD REVIEW VALUES** | **FIELD REVIEW VALUES** | **FIELD REVIEW VALUES** | **FIELD REVIEW VALUES** | **FIELD REVIEW VALUES** | **2055 VALUES** | **2055 VALUES** | **2055 VALUES** | **2055 VALUES** | **2055 VALUES** | **2055 VALUES** | **AVE/CMA VALUES** | **AVE/CMA VALUES** | **AVE/CMA VALUES** | **AVE/CMA VALUES** | **AVE/CMA VALUES** | **HYBRID VALUES** | **HYBRID VALUES** | **HYBRID VALUES** | **HYBRID VALUES** | **HYBRID VALUES** | **UPDATED VALUES** | **UPDATED VALUES** | **UPDATED VALUES** | **UPDATED VALUES** | **UPDATED VALUES** | **UPDATED VALUES** | **UPDATED MULTIPROPERTY VALUES** | **UPDATED MULTIPROPERTY VALUES** | **UPDATED MULTIPROPERTY VALUES** |  |  |
| **SitusAMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Note Date** | **Original Loan Amount** | **Sales Price** | **Value for LTV** | **LTV Value Variance Amount** | **LTV Value Variance Percent** | **Appraised Value** | **Appraisal Report Date** | **Appraisal Effective Date** | **Appraisal Valuation Type** | **Second Appraisal Value** | **Second Appraisal Variance Amount** | **Second Appraisal Variance Percent** | **Second Appraisal Report Date** | **Second Appraisal Effective Date** | **Second Appraisal Type** | **Second Appraisal Company** | **Second Appraisal Confidence Score** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Confidence<br> Score** | **Appraisal Report Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Risk Score** | **Appraisal Report Date** | **Appraisal Effective Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Appraisal Report Date** | **Appraisal Effective Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Appraisal Report Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Appraisal Report Date** | **Appraisal Effective Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Appraisal Report Date** | **Appraisal Effective Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Appraisal Report Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Appraisal Report Date** | **Appraised Value** | **Variance Amount** | **Variance Percent** | **Company** | **Appraisal Report Date** | **Appraisal Effective Date** | **Aggregate Appraised Value** | **Aggregate Variance Amount** | **Aggregate Variance Percent** | **Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor?** | **Collateral Underwriter Risk Score** |
| 213282699 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 5.00 |
| 213282842 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 2.90 |
| 213289153 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |
| 213358195 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 2.00 |
| 213401548 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 2.00 |
| 213442845 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.40 |
| 213442885 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 5.00 |
| 213483061 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 |
| 213492061 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.40 |
| 213578858 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 4.60 |
| 213627822 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  |
| 213639915 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.20 |
| 213659312 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.30 |
| 213685868 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 213685879 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 |
| 213699360 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.50 |
| 213738348 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 3.50 |
| 213872560 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.80 |
| 214030163 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.10 |
| 214051047 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 |
| 214051054 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |
| 214144103 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 |
| 214181731 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 2.40 |
| 214463064 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 |
| 214463188 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.30 |
| 214468200 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 |
| 214603276 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 5.00 |
| 214653324 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.10 |
| 214683318 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.00 |
| 214687437 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 3.20 |
| 214704870 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.10 |
| 214710749 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.20 |
| 214755890 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 5.00 |
| 215059012 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 5.00 |
| 215060687 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 215121055 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  | 0.000% |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 215289156 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 215290876 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.90 |
| 215312601 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.30 |
| 215312615 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.20 |
| 215326381 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.00 |
| 215327409 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.50 |
| 215385341 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.70 |
| 215389881 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.80 |
| 215421448 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.00 |
| 215505829 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.60 |
| 215573345 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 215629676 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.00 |
| 215686980 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.80 |
| 215752608 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 215795626 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 215809757 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.40 |
| 215901566 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.70 |
| 215908671 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.50 |
| 215922478 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.30 |
| 215943159 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.90 |
| 215943163 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.10 |
| 215943170 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 215963904 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.00 |
| 216076831 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 |
| 216128889 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |
| 216131447 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216141706 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216274575 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216296261 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216316114 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216331614 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.30 |
| 216333664 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 216350245 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216413222 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.20 |
| 216414062 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.20 |
| 216414129 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.60 |
| 216414131 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.60 |
| 216414158 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.10 |
| 216414166 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 2.60 |
| 216414190 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.00 |
| 216425409 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.60 |
| 216425414 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.30 |
| 216425417 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.80 |
| 216425436 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.20 |
| 216425477 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216425493 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216425506 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.00 |
| 216425516 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.00 |
| 216425534 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.00 |
| 216425538 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216426937 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216426942 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216433287 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216435622 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.90 |
| 216439182 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216439467 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.10 |
| 216440662 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216440680 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 216450370 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216450963 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.40 |
| 216556067 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216556068 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.10 |
| 216621014 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.10 |
| 216621029 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.60 |
| 216621037 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216621039 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 2.90 |
| 216731950 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 |
| 216731958 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 |
| 216731971 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.70 |
| 216731978 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 2.60 |
| 216731987 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.00 |
| 216732019 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.80 |
| 216732042 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 1.974% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.50 |
| 216732043 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.60 |
| 216732050 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.70 |
| 216732051 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 |
| 216735625 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.30 |
| 216756152 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216771558 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.10 |
| 216771559 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216771608 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216855409 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.70 |
| 216865755 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.80 |
| 216924917 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.10 |
| 216966314 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 4.90 |
| 216966353 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 |
| 216966372 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 |
| 216966374 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 216966379 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.80 |
| 216966384 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 216966402 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.60 |
| 216966412 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  |
| 216966418 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.70 |
| 216966424 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.10 |
| 216966425 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216967058 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 216967066 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.50 |
| 216967079 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | -8.333% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.80 |
| 216967080 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217043581 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.50 |
| 217053045 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.30 |
| 217066730 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 5.00 |
| 217080850 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 217081209 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.00 |
| 217081215 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.80 |
| 217081233 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.50 |
| 217081239 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.30 |
| 217081244 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.50 |
| 217081249 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217081253 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.00 |
| 217081254 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217081257 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 |
| 217081258 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.90 |
| 217081265 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 217081266 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.60 |
| 217081267 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217081276 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217081278 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 217081282 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217081291 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.60 |
| 217081294 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.70 |
| 217081295 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.20 |
| 217081298 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 217081312 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217081313 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.70 |
| 217081320 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.30 |
| 217081321 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.50 |
| 217081323 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217081325 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.70 |
| 217081326 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 5.00 |
| 217081328 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.40 |
| 217081329 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.50 |
| 217081331 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.50 |
| 217081333 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.00 |
| 217081334 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217086282 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.90 |
| 217086283 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.70 |
| 217124790 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.10 |
| 217127028 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | -4.851% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 217127038 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.40 |
| 217131597 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.80 |
| 217144083 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.20 |
| 217144096 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217151026 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.10 |
| 217151237 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.20 |
| 217152492 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.60 |
| 217152499 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.40 |
| 217152500 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217156980 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217196711 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 5.00 |
| 217196724 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.70 |
| 217207834 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217208206 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217208211 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 217211408 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.70 |
| 217218192 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.60 |
| 217238792 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.10 |
| 217244219 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.90 |
| 217245772 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217254603 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 5.00 |
| 217255031 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | -9.091% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 217272468 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 5.323% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  | 0.000% |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.00 |
| 217272469 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217280230 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217301015 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217302880 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217349714 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217349720 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217350544 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |
| 217361475 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.40 |
| 217361479 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.30 |
| 217361480 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.60 |
| 217361481 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.50 |
| 217398774 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.80 |
| 217398863 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217410666 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.40 |
| 217436123 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217454840 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217454843 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.80 |
| 217455132 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 5.00 |
| 217461787 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.10 |
| 217495507 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.80 |
| 217544635 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.50 |
| 217544882 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.60 |
| 217544883 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217672981 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.90 |
| 217674070 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.30 |
| 217674554 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.50 |
| 217675147 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.90 |
| 217675224 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.20 |
| 217676483 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217682900 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.70 |
| 217683204 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217711104 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.30 |
| 217713150 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.20 |
| 217718134 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217719444 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217720816 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 217730450 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.20 |
| 217750992 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.60 |
| 217753641 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.60 |
| 217757433 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.20 |
| 217762284 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 217762941 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217763114 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.30 |
| 217764821 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  | 3.846% |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.70 |
| 217764853 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.70 |
| 217764857 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 217764859 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.80 |
| 217764860 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.80 |
| 217778738 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 5.00 |
| 217782111 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 217788287 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.10 |
| 217790957 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.00 |
| 217792845 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.60 |
| 217795644 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.70 |
| 217798480 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.50 |
| 217816210 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.70 |
| 217816212 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.00 |
| 217823626 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.90 |
| 217849514 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217858962 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.30 |
| 217858963 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 217973148 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.50 |
| 217975919 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.00 |
| 218007305 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.20 |
| 218032326 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.00 |
| 218033744 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218033943 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.80 |
| 218055763 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.00 |
| 218055815 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218057436 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.40 |
| 218100849 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218233912 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.60 |
| 218238493 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.00 |
| 218287510 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 218287515 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218292106 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218294505 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.40 |
| 218295650 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.60 |
| 218298301 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 5.00 |
| 218298332 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218339084 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.70 |
| 218346591 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  | 4.000% |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.70 |
| 218347620 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | -5.556% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 218347622 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218363376 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.70 |
| 218377680 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218381166 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218387359 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.40 |
| 218403065 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 218422960 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218449127 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.20 |
| 218452621 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.40 |
| 218453118 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.60 |
| 218453180 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.50 |
| 218481804 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.20 |
| 218487489 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.10 |
| 218487699 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 218500750 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218513932 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.60 |
| 218532009 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218608593 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218608594 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.50 |
| 218671420 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.00 |
| 218681977 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 3.313% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.70 |
| 218707911 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.60 |
| 218707912 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.50 |
| 218707914 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.20 |
| 218713884 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.10 |
| 218714142 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.50 |
| 218720541 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 218721156 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.40 |
| 218725148 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.20 |
| 218746175 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 218746341 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.20 |
| 218782119 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.40 |
| 218784233 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218805769 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.60 |
| 218813588 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | -1.136% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.00 |
| 218821854 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218835270 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.30 |
| 218835303 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218835600 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.10 |
| 218835601 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.30 |
| 218837491 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.20 |
| 218909885 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.50 |
| 218910059 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.50 |
| 218938140 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.00 |
| 218939977 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218940543 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218943161 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 218952213 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.10 |
| 218952215 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | -3.884% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.30 |
| 218952220 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.90 |
| 218952222 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.20 |
| 218963621 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | -4.399% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.60 |
| 218995549 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.50 |
| 218995859 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 5.00 |
| 219053907 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 7.692% |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.10 |
| 219058246 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.70 |
| 219059550 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | -1.620% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.80 |
| 219065816 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | -6.122% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 2.90 |
| 219093089 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.10 |
| 219093091 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.60 |
| 219093094 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.40 |
| 219116443 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |
| 219127962 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 219141456 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 219145364 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 219145366 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.60 |
| 219214338 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 219224309 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 4.20 |
| 219224448 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 219234188 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.40 |
| 219234189 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |
| 219238221 | [Redact] | [Redact] | [Redact] |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.20 |
| 219347794 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 1.00 |
| 219405552 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A | 3.70 |
| 219405555 | [Redact] | [Redact] |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  | 0.000% |  |  | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.00 |

---

## Exhibit 99.3

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.3**

![](ex993001.jpg)

<br> **March 3, 2023**<br> **Due Diligence Narrative Report** <br>

![](ex993002.jpg)

**Table of Contents**

---

| | |
|:---|:---|
| **Overview** | **2** |
| **Originators** | **2** |
| **Clayton's Third Party Review ("TPR") Scope of Work** | **3** |
| &nbsp;&nbsp;&nbsp;Sampling | 3 |
| &nbsp;&nbsp;&nbsp;Sponsor Acquisition Criteria | 3 |
| &nbsp;&nbsp;&nbsp;Loan Grading | 3 |
| &nbsp;&nbsp;&nbsp;TPR Component Review Scope | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit Review | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property Valuation Review | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regulatory Compliance Review | 5 |
| &nbsp;&nbsp;&nbsp;Data Capture | 6 |
| &nbsp;&nbsp;&nbsp;Data Integrity | 6 |
| **Data Compare Results** | **7** |
| **Clayton Due Diligence Results** | **7** |
| **Clayton Third Party Reports Delivered** | **8** |
| **Appendix A: Credit Review Scope** | **9** |
| **Appendix B: Origination Appraisal Assessment** | **12** |
| **Appendix C: Regulatory Compliance Review Scope** | **15** |

---

MSRM 2023-1 Due Diligence Narrative Report Page \| 1 March 3, 2023

![](ex993002.jpg)

Clayton Contact Information

Client Service Management:

---

| | | |
|:---|:---|:---|
| ![](ex993003.jpg) | **Ralph Fox** | Client Services - Senior Director |
|  |  | Phone: (813) 371-0281/E-mail: <u>rfox@clayton.com</u> |

---

---

| | | |
|:---|:---|:---|
| ![](ex993003.jpg) | **Joe Ozment** | VP Client Services and Securitization |
|  |  | Phone: (813) 261-0733/E-mail: <u>jozment@clayton.com</u> |

---

**Overview** 

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

The loans referenced in this narrative report were reviewed on a bulk and flow basis in April 2021 at Clayton's centralized underwriting facility in Tampa, FL. This narrative report provides information about the original lender, the scope of work performed by Clayton, and the results of Clayton's review.

**Originators** 

Origination channels for the loan in this review:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Origination Channel** | &nbsp;&nbsp;**Loan Count** | &nbsp;&nbsp;**Percentage** |
| &nbsp;&nbsp;Broker | &nbsp;&nbsp;1 | &nbsp;&nbsp;100.00% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**1** | &nbsp;&nbsp;**100.00%** |

---

MSRM 2023-1 Due Diligence Narrative Report Page \| 2 March 3, 2023

![](ex993002.jpg)

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

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

Sampling

For all originators in this transaction, 100% of the loans received a Full Review as described below.

Review Type Loan Counts:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;***Review Type*** | &nbsp;&nbsp;***Loan Count*** <br> ***Reviewed by***<br> ***Clayton*** | &nbsp;&nbsp;***Scope Applied*** |
| &nbsp;&nbsp;**Full Review** | &nbsp;&nbsp;1 | &nbsp;&nbsp;Clayton performed a Full Review based on the scope described below in the section titled "TPR Component Review Scope". |
| &nbsp;&nbsp;**Total Loan Population** | &nbsp;&nbsp;1 |  |

---

Sponsor Acquisition Criteria

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

Loan Grading

The Sponsor Acquisition Criteria referenced above served as the benchmark for grading loans from a credit underwriting, property valuation and regulatory compliance perspective, as applicable. Each loan received an "initial" and a "final" grade. The "initial" grade was assigned during the initial loan review. The "final" grade takes into account additional information and supporting documentation that may have been provided by the originators to clear outstanding conditions. Clayton's loan grading is solely based on Clayton's independent assessment of all guideline exceptions and compensating factors for each of the component reviews. Clayton is providing a comprehensive loan-level analysis as part of this pre-securitization reporting package that includes initial grades, final grades and detailed commentary on the rationale for any changes in grades, and sets forth compensating factors and waivers.

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

MSRM 2023-1 Due Diligence Narrative Report Page \| 3 March 3, 2023

![](ex993002.jpg)

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

![](ex993004.jpg)

TPR Component Review Scope

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

Credit Review

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

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

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

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

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

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

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

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

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

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

MSRM 2023-1 Due Diligence Narrative Report Page \| 4 March 3, 2023

![](ex993002.jpg)

– 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 (1 loan)

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

For loans reviewed:

○ 1 loan had a Desktop Review.

Regulatory Compliance Review

Clayton's regulatory compliance scope of review conducted on this transaction included the elements summarized below.

(For more detail, please refer to <u>Appendix C</u>.)

Clayton utilized its proprietary eCLAS engine for regulatory compliance testing.

The scope of the compliance review performed is summarized below:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Tested
 for state-specific consumer protection laws including late charge and prepayment penalty
 provisions;

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

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

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

– TIL APR and Finance charge tolerances;

– Timeliness of ARM Disclosures (if applicable);

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

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

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

– Prepayment Penalty restrictions;

QM/ATR Review: On applicable loans, test compliance with applicable Qualified Mortgage (QM) and Ability to Repay (ATR) requirements defined under the Dodd-Frank Wall Street Reform and Consumer Protection Act as promulgated by the Consumer Financial Protection Bureau, as further described on <u>Appendix C</u> attached hereto and

TILA/RESPA Integrated Disclosure Scope ('Covered Loans' on or after 10/3/2015); SFIG RMBS 3.0 TRID Compliance Review Scope as further described on <u>Appendix C</u> attached hereto.

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

– GFE initial disclosure timing and content;

– Confirmed the file contains the final HUD1 Settlement Statement;

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

– Homeownership Counseling Notice; and

– Affiliated Business Disclosure if applicable.

MSRM 2023-1 Due Diligence Narrative Report Page \| 5 March 3, 2023

![](ex993002.jpg)

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

On, June 15th, 2016 SFIG published its RMBS 3.0 TRID Compliance Review Scope© documentation, developed under the leadership of members from TPR firms across the industry and SFIG's RMBS 3.0 Due Diligence, Data and Disclosure Working Group. The RMBS 3.0 TRID Compliance Review Scope was created with an aim to facilitate a uniform testing and risk identification standard as it would apply to an assignee, as a result of a consistent Truth-In-Lending Act liability interpretation according to the understanding of prevailing legal precedent and informal written guidance and webinars offered by the CFPB, as it applies to the Know Before You Owe / Truth In Lending Act ("TILA) – Real Estate Settlement Procedures Act ("RESPA") Integrated Disclosure ("TRID") Rule (78 FR 79730, as amended). RMBS 3.0 TRID Compliance Review Scope may be formally amended by the SFIG RMBS 3.0 Due Diligence, Data and Disclosure Working Group as clarifying regulations may be promulgated on a go forward basis, as well as any binding judicial interpretations of the underlying law.

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

Data Capture

Clayton collected data fields required to create American Securitization Forum ("ASF") and Standard and Poor's LEVELS 7.4. data disclosure requirements. Both of these file formats are provided as part of the pre-securitization reporting package. Additionally, Clayton captured rating agency required data points relating to ATR/QM determination, which is provided in the reporting package.

Data Integrity

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Discrepancies
 found during comparison are stored; and

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

MSRM 2023-1 Due Diligence Narrative Report Page \| 6 March 3, 2023

![](ex993002.jpg)

**Data Compare Results** 

Clayton provided Morgan Stanley Mortgage Capital Holdings, LLC (MSMCH) with copies of the Loan Level Tape Compare Upload which shows the differences between the data received by the sellers versus the data captured by Clayton during the loan review.

---

| | | |
|:---|:---|:---|
| **Field Name** | **# of Loans** | **% Accuracy** |
|  | 1 | 100.00% |

---

**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 (1 loan)</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** | 1 |  |  |  | **1** |
| **Final** | **B** |  |  |  |  | **0** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **1** | **0** | **0** | **0** | **1** |

---

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 | 1 |  |  |  | **1** |
| **Final** | B |  |  |  |  | **0** |
| **Final** | C |  |  |  |  | **0** |
| **Final** | D |  |  |  |  | **0** |
| **Final** | **Total** | **1** | **0** | **0** | **0** | **1** |

---

MSRM 2023-1 Due Diligence Narrative Report Page \| 7 March 3, 2023

![](ex993002.jpg)

**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 | 1 |  |  |  | **1** |
| **Final** | B |  |  |  |  | **0** |
| **Final** | C |  |  |  |  | **0** |
| **Final** | D |  |  |  |  | **0** |
| **Final** | **Total** | **1** | **0** | **0** | **0** | **1** |

---

**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 | 1 |  |  |  | **1** |
| **Final** | B |  |  |  |  | **0** |
| **Final** | C |  |  |  |  | **0** |
| **Final** | D |  |  |  |  | **0** |
| **Final** | **Total** | **1** | **0** | **0** | **0** | **1** |

---

**Clayton Third Party Reports Delivered** 

Clayton furnished the following reports on this transaction:

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

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Rating
 Agency ATR/QM Data Fields

MSRM 2023-1 Due Diligence Narrative Report Page \| 8 March 3, 2023

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**Appendix A: Credit Review Scope** 

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

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

○ DTI

○ LTV/TLTV/HLTV

○ Credit score

○ Income and employment

○ Assets and reserves

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

○ Borrower eligibility, including:

– Citizenship status

– Non- occupant co-borrower

○ Transaction eligibility, including:

Maximum loan amount

– Loan purpose

– Occupancy

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

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

○ Uniform Residential Loan Application reviewed to determine:

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

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

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

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

– Income documentation

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

– CPA letter

– Business licenses

– Tax transcripts (IRS Form 4506-T)

– Other documentation in loan file

○ Income review included:

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

– Documents did not appear to have been altered or inconsistent

– IRS Form 4506-T

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Tax
 returns

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Financial
 statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Paystubs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ W-2s

MSRM 2023-1 Due Diligence Narrative Report Page \| 9 March 3, 2023

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ IRS
 documents

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Bank
 statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Lease
 agreements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Award
 letters

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

○ Asset review included:

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Depository
 account statements

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Gift
 funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Settlements
 statements

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

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

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

○ Credit Report review included:

– Complete copy of report was in loan file

– Report was dated within required timeframe

– All borrowers were included in the report

– Checked any fraud alerts against related loan file documentation

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

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

– Captured and utilized appropriate credit score for guideline review

○ Title policy review included:

– Title interest – determined if

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Fee
 simple

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

– Appropriate vestee(s) were listed on title policy

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

– Applicable title endorsements were present

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

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

– Captured monthly tax payments in debt ratio calculation

○ HUD1 (Settlement Statement) review included:

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

– Seller contributions did not exceed maximum allowed

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

– Disbursements and pay-offs included in debt ratio calculations

– Loan purpose confirmed

MSRM 2023-1 Due Diligence Narrative Report Page \| 10 March 3, 2023

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○ Hazard/Flood insurance review included:

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

– Confirmed that any required insurance was for the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Correct
 borrower

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Correct
 lender

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Correct
 loan number

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

Confirmed that any required insurance minimum coverage amount and policy period

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

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

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

○ Mortgage Insurance review included:

– Determined if mortgage insurance is required

Captured mortgage insurance name, certificate # and percentage guarantee (when required)

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

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

○ Borrower identity

– Social Security inconsistencies

– Borrower name variations

○ Occupancy

– Borrower address history

– Subject property ownership history

○ Employment

○ Licensing – reviewed NMLS data for:

– Mortgage lender/originator

– Loan officer

○ OFAC

MSRM 2023-1 Due Diligence Narrative Report Page \| 11 March 3, 2023

![](ex993002.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:

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

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

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

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

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

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

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

○ Appraisal report was reasonably complete and included:

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

– Accurate identification of the subject property

– Accurate identification of the subject loan transaction

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

– All required attachments including:

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Location
 map

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

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

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

– Appraisal date met supplied Sponsor Acquisition Criteria

– If applicable to Sponsor Acquisition Criteria requirements, a second full appraisal was furnished and met Sponsor Acquisition Criteria

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

○ Title XI of FIRREA:

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

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

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

MSRM 2023-1 Due Diligence Narrative Report Page \| 12 March 3, 2023

![](ex993002.jpg)

○ USPAP

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

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

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

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

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

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

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

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

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

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

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

– Property usage was reviewed for zoning compliance

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

– Neighborhood values were reviewed to determine if declining

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Location

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ %
 built up

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Growth
 rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Demand/supply

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ Marketing
 time

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

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

– Style of property was reviewed to determine if unique property

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

– Locational and/or environmental concerns adequately addressed if present

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

○ 3 to 4 unit owner occupied properties

○ 2 to 4 unit second homes

○ Unwarrantable or limited review condominiums

○ Manufactured or mobile homes

○ Condotel units

○ Unique properties

○ Working farms, ranches or orchards

○ Mixed-use properties

○ Properties subject to existing oil or gas leases

○ Properties located in Hawaii Lava Zones 1 and 2

○ Properties exceeding Sponsor Acquisition Criteria requirements for excess acreage

MSRM 2023-1 Due Diligence Narrative Report Page \| 13 March 3, 2023

![](ex993002.jpg)

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

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

F. Disclaimer

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

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

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

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

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

G. Desk
 Review definitions

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

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

MSRM 2023-1 Due Diligence Narrative Report Page \| 14 March 3, 2023

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**Appendix C: Regulatory Compliance Review Scope** 

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

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

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

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

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

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

○ Final HUD1 Settlement Statement: verify the loan file contains the final HUD1 and the loan terms on the HUD1 correspond to the actual loan terms from the Note

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

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

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

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

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

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

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

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

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

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

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

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

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

○ TILA/RESPA Integrated Disclosures ("TRID")

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

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

MSRM 2023-1 Due Diligence Narrative Report Page \| 15 March 3, 2023

![](ex993002.jpg)

● Pre-application forms cannot look similar to the LE

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

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

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

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

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

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

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

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

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

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

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

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

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

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

● Amount Financed

● Finance Charge

● Total of Payments

● Total interest percentage

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

● Compliance with the TRID rounding rules.

● Compliance with specified formatting requirements.

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

● Alphabetization of fees.

● Title fees preceded by "Title –."

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

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

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

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

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

MSRM 2023-1 Due Diligence Narrative Report Page \| 16 March 3, 2023

![](ex993002.jpg)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

● Affiliated Business Disclosure (can impact fee tolerances)

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

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

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

● Accuracy of the Aggregate Adjustment amount.

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

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

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

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

MSRM 2023-1 Due Diligence Narrative Report Page \| 17 March 3, 2023

![](ex993002.jpg)

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

---

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

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

---

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

---

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

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

● Minnesota (Mortgage Originator and Service Licensing Act)

● Puerto Rico (Office Regulation 5722)

MSRM 2023-1 Due Diligence Narrative Report Page \| 18 March 3, 2023

![](ex993002.jpg)

● Texas (Texas Finance Code)

● West Virginia (Residential Mortgage Lender, Broker and Servicer Act).

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

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

---

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

---

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

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

---

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

---

MSRM 2023-1 Due Diligence Narrative Report Page \| 19 March 3, 2023

![](ex993002.jpg)

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.)

**<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.© 2023 Clayton Services LLC. All rights reserved.

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

MSRM 2023-1 Due Diligence Narrative Report Page \| 20 March 3, 2023

## Exhibit 99.3

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.3**

---

| | |
|:---|:---|
| **Client Name:** | |
| **Client Project Name:** | **MSRM 2023-1** |
| **Start - End Dates:** | **4/30/2021** |
| **Deal Loan Count:** | **1** |
| **ATR QM Upload** | **ATR QM Upload** |
| Loans in Report: | 1 |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Seller Loan Number** | **Original Principal Balance** | **State** | **Loan Level ATR/QM Status** | **Borrowers Qualified Through a Non-Resident Alien Program** | **Occupancy** | **Property Type** | **Number of Units** | **Loan Type** | **Exempt Loan Product Type** | **Exempt Loan Housing Agency** | **Community Housing Development** | **Credit Under Economic Stabilization Act Of 2008** | **Refinance Of Non-Standard Mortgage** | **Higher Priced Covered Transaction** | **State Prepay Exceptions** | **Loan Purpose** | **Loan Term Exceeds 30 Years** | **Interest Only Feature** | **Negative Amortization** | **Balloon Payment** | **Prepay Penalty Flag** | **Prepayment Penalty Type** | **Prohibited Prepayment Penalty** | **Exceeds Points And Fees** | **Exceeds DTI Limit** | **Lien Position** | **APR** | **QM Calculated DTI Adherence** | **QM Lenders DTI Adherence** | **QM Fee Adherence - Total Charges %** | **QM Fee Adherence - Lenders Fee %** | **Fannie Mae Eligible** | **Freddie Mac Eligible** | **VA Guaranty Eligible** | **FHA Insured Eligible** | **USDA Guarantee Eligible** | **Rural Housing Service Insured Eligible** | **QM - Expected Income Or Assets For DTI** | **QM - Current Employment Status For DTI** | **QM - Monthly Payment On Subject Loan For DTI** | **QM - Monthly Payment On Additional Loan For DTI** | **QM - Monthly Payment Mortgage Related Obligations** | **QM - Current Debt Obligations Alimony and Child Support for DTI** | **QM - Monthly DTI Ratio Or Residual Income** | **ATR - Guidelines Provided to Document Approach** | **ATR - Current And Expected Income And Assets** | **ATR - Current Employment Status** | **ATR - Mortgage Payment Obligation** | **ATR - Mortgage Payment on Simultaneous Transaction** | **ATR - Payment For Mortgage Related Obligations** | **ATR - Debt Obligations Including Alimony and Child Support** | **ATR - Monthly DTI Ratio or Residual Income** | **ATR - Consumer Credit History** | **ATR Lenders - DTI (Back)** | **ATR Calculated DTI (Back)** | **QM Lender Value DTI (Back)** | **QM Calculated DTI (Back)** | **Initial DTI (Back)** | **DTI Qualifying (Back)** | **Residual Income Analysis in File** | **Residual Income Guidelines** | **Did Loan Meet Guidelines** | **Residual Income Amount** | **Short Sale** | **Short Sale Date** | **Deed In Lieu** | **Deed In Lieu Date** | **Loan Status** | **QRM Flag** | **Borrower 2 Guarantor Flag** | **Borrower 3 Guarantor Flag** | **Borrower 4 Guarantor Flag** | **Borrower 1 Income Doc Type Summary** | **Borrower 2 Income Doc Type Summary** | **Borrower 3 Income Doc Type Summary** | **Borrower 4 Income Doc Type Summary** |
| 5073670 | XXXXXX | XXXXXX | XXXX | QM: Safe Harbor | (No Data) | Primary | Detached PUD | 1 | Conventional | No | No | No | No | (No Data) | No | No | Purchase | No | No | No | No | No | (No Data) | (No Data) | No | No | 1 | 3.6183 | Yes | Yes | 1.209 | 0.000 | (No Data) | (No Data) | No | No | No | No | Yes | Yes | Yes | (No Data) | Yes | Yes | Yes | (No Data) | (No Data) | (No Data) | (No Data) | Not Applicable | (No Data) | (No Data) | (No Data) | (No Data) | 29.28 | 29.29 | 29.28 | 29.29 | 29.29 | 29.29 | No | No | (No Data) | 29208.37 | No | (No Data) | No | (No Data) | Client Complete | Yes | No | (No Data) | (No Data) | IRS Transcripts – Tax Return(s) - 24 months;<br> Paystub - 1 months;<br> W2 - 24 months; | IRS Transcripts – Tax Return(s) - 24 months;<br> Paystub - 1 months;<br> W2 - 24 months;<br> Written VOE - 1 months; | (No Data) | (No Data) |

---

©2023 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.

## Exhibit 99.3

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.3**

---

| | |
|:---|:---|
| **Client Name:** | |
| **Client Project Name:** | **MSRM 2023-1** |
| **Start - End Dates:** | **4/30/2021** |
| **Deal Loan Count:** | **1** |
| **Conditions Report 2.0** | **Conditions Report 2.0** |
| ***Loans in Report:*** | *0* |
| ***Loans with Conditions:*** | *0* |

---

---

| |
|:---|
| **0 - Total Active Conditions** |
| **0 - Total Satisfied Conditions** |
| **0 - Total Waived Conditions** |

---

©2023 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:** | **MSRM 2023-1** |
| **Start - End Dates:** | **4/30/2021** |
| **Deal Loan Count:** | **1** |
| **Conditions Report 2.0** | **Conditions Report 2.0** |
| ***Loans in Report:*** | *0* |
| ***Loans with Conditions:*** | *0* |

---

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Original Principal Balance** | **Initial Lender ATR/QM Status** | **Loan Level ATR/QM Status** | **Condition Category** | **Condition Sub Category** | **Condition Status** | **Initial Securitization Condition Grade** | **Final Securitization Condition Grade** | **Initial S&P Condition Grade** | **Final S&P Condition Grade** | **Condition Code** | **Condition Description** | **Condition Material Indicator** | **Initial Comments** | **Client/Seller Response Comments** | **Conclusion Comments** | **TRID Error Type** | **Cure Method** | **Compensating Factors** |
| 5073670 | XXXXXX CA | QM: Safe Harbor | QM: Safe Harbor A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score 762, min 740<br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has been with same employer for 11 years.<br>CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: Co-borrower has been with same employer for 6 years.<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 29.28% is 13.72% below maximum DTI of 43%. |

---

---

| | |
|:---|:---|
| **Client Name:** | |
| **Client Project Name:** | **MSRM 2023-1** |
| **Start - End Dates:** | **4/30/2021** |
| **Deal Loan Count:** | **1** |
| **Conditions Report 2.0** | **Conditions Report 2.0** |
| ***Loans in Report:*** | *0* |
| ***Loans with Conditions:*** | *0* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Loan Number** | **TRID Indicator** | **Lender Application Date** | **Broker Application Date** | **Did Lender Acknowledge Exception at Origination** |
| 5073670 | Yes | XXXXXX | XXXXXX A | Not Applicable |

---

## Exhibit 99.3

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.3**

---

| | |
|:---|:---|
| **Client Name:** | |
| **Client Project Name:** | MSRM 2023-1 |
| **Start - End Dates:** | 4/30/2021 |
| **Deal Loan Count:** | 1 |
| **Loan Level Tape Compare Upload** | **Loan Level Tape Compare Upload** |
| *Loans in Report* |  |

---

©2023 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.

## Exhibit 99.3

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.3**

---

| | |
|:---|:---|
| **Client Name:** | |
| **Client Project Name:** | **MSRM 2023-1** |
| **Start - End Dates:** | **4/30/2021** |
| **Deal Loan Count:** | **1** |
| **Rating Agency ATR QM Data Fields** | **Rating Agency ATR QM Data Fields** |
| *Loans in Report:* | *1* |

---

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan Level ATR/QM Status** | **Application Date Prior to 1/10/2014** | **TRID Indicator** | **Lender Application Date** | **Broker Application Date** | **GSE Eligible** | **QRM Flag** | **ATR/QM Total Points and Fees** | **Rate Lock Date** | **APR** | **Bwr 1 Employment Indicator** | **Bwr 2 Employment Indicator** | **Bwr 1 Foreign National Indicator** | **Bwr 2 Foreign National Indicator** | **Borrowers Qualified Through a Non-Resident Alien Program** | **Residual Income Analysis in File** | **ATR/QM Residual Income** |
| 5073670 | QM: Safe Harbor | No | Yes | XXXXXX | XXXXXX | No | Yes | 19902 | XXXXXX | 3.6183 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |

---

©2023 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.

## Exhibit 99.3

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.3**

---

| | |
|:---|:---|
| **Client Name:** | |
| **Client Project Name:** | MSRM 2023-1 |
| **Start - End Dates:** | 4/30/2021 |
| **Deal Loan Count:** | 1 |
| **Valuations Summary** |  |
| *Loans in Report:* | *1* |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | **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 Information** |
| **Loan Number** | **Seller Loan Number** | **Original Balance** | **Sales Price** | **Value For LTV** | **Appraised Date** | **Appraised Value** | **Appraisal Form** | **AVM Vendor Name** | **Confidence Score** | **Review Date** | **Review Value** | **Variance Amount** | **Variance %** | **Review Type** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **AVM Vendor Name** | **AVM FSD** | **Confidence Score** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **Report Date** | **Value** | **Variance Amount** | **Variance %** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **Report Date** | **Report Value** | **Variance Amount** | **Variance (%)** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **Other - Valuation Type** | **Report Date** | **Value** | **Variance Amount** | **Variance (%)** | **CU Score** |
| 5073670 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR (Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 2.87% | Full Appraisal |  | $0.00 | $0.00 | 0.00% |  | 0.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No Data) |

---

## Exhibit 99.3

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.3**

---

| | |
|:---|:---|
| **Client Name:** |  |
| **Client Project Name:** | **MSRM 2023-1** |
| **Start - End Dates:** | **4/30/2021** |
| **Deal Loan Count:** | **1** |
| **Waived Conditions Summary** | **Waived Conditions Summary** |

---

©2023 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.

## Exhibit 99.4

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.4**

![](logo_002.jpg)

Executive Summary <br> MSRM 2023-1

&nbsp;&nbsp;&nbsp;&nbsp;(1) Type of Assets.

Covius Real Estate Services, LLC ("CRES") performed the due diligence services described below on behalf of Northpointe Bank (the "Client"). The loans were originated by one Seller and acquired directly (or indirectly) by Morgan Stanley Mortgage Capital Holdings LLC through a Reliance Letter. The loan reviews were conducted from January 2021 through June 2021 by CRES.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Number of Assets.

There were 3 assets in the loan population.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Review Process.

The post-closing loan reviews were graded in accordance with the following NRSRO(s) Third Party Due- Diligence Criteria, in addition to the review grading of "Meets Guidelines" or "Does Not Meet Guidelines":

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NRSRO** | &nbsp;&nbsp;**Title and Date of Criteria** |
| &nbsp;&nbsp;Fitch Ratings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· U.S. RMBS Rating Criteria dated April 18, 2022 |
| &nbsp;&nbsp;Kroll Bond Rating Agency, LLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· US RMBS Rating Methodology, dated February 2, 2021 |

---

The post-closing reviews included a re-underwrite of each borrowers' credit, an analysis of the property valuation, and regulatory compliance testing. Post-closing reviews are underwritten to the applicable lender's or client's underwriting guidelines and credit matrices. The review scope and methodology of these different review areas is discussed in subsequent sections of this document.

&nbsp;&nbsp;&nbsp;&nbsp;(4) Sample size of the assets reviewed.

The due diligence review was conducted on 100% of the loan population and consisted of 3 mortgage loans with an aggregate original principal balance of approximately $2,080,500. The mortgage loans were originated from December 2020 through April 2021 by one Seller.

&nbsp;&nbsp;&nbsp;&nbsp;(5) Asset Review

In connection with the credit re-underwrite, CRES reviewed all origination documentation to determine conformity to the applicable underwriting guidelines and other regulatory requirements described below, including (if applicable) the Ability to Repay and Qualified Mortgage requirements. Review areas included, but are not limited to:

Page 1 of 10

**Credit Review and Methodology**

**Credit Report**: Analyzed the Borrower's credit report/credit history, confirming that credit scores, liabilities and public records met guideline requirements. Liabilities gathered from the credit report were included in the re-calculation of the debt-to-income ratio as appropriate. In addition the following data was also captured and reviewed to confirm compliance with guideline and ASF reporting requirements: (i) credit report date, (ii) bankruptcy date, (iii) bankruptcy discharge date, (iv) bankruptcy chapter, (v) foreclosure date, (vi) short sell date, (vii) longest trade line (active), (viii) longest trade line balance (active), (ix) months reviewed, (x) number of trade lines, (xi) credit scores, (xii) revolving debts and (xiii) installments debts.

**Loan Application (1003):** Reviewed the Borrower's Loan Application including comparison of initial loan application against the final loan application, or other loan applications found in the file, to identify potential discrepancies. In addition the following data was also captured and reviewed to confirm compliance with guideline and ASF reporting requirements: (i) purpose, (ii) years in primary residence, (iii) number of mortgaged properties (as compared with the credit reports disclosed mortgages), (iv) application date, (v) borrower information (name, date of birth, social security number and number of family members), (vi) borrower's address, (vii) borrower(s)' employment information (including address, years at job, years in field), (vii) monthly income and (ix) citizenship.

**Loan Approval/Exception Form (if applicable):** Reviewed the Lender's approval and Client's exception approval documentation to confirm appropriate risk mitigating factors were present when granting exceptions.

**Sales Contract (if applicable):** Reviewed the sales contract to confirm buyer(s) and seller(s), sales price and property address matches other documents.

**Title:** Reviewed the title policy or commitment to identify possible judgments or other liens that may have existed at origination. In addition, proper vesting and parties (as disclosed on sales contract, note, and deed) were reflected accurately.

**Hazard and Flood Insurance:** Reviewed hazard and flood (if applicable) insurance to ensure policy met the minimum required amount of replacement coverage.

**Employment and Income (DTI Loans):** Reviewed borrower(s)' employment and income documentation used for qualification purposes and as applicable, Appendix Q or Ability to Repay, including recalculation of debt-to-income ratio (DTI) to confirm compliance with underwriting guidelines. Items reviewed included: (i) verbal or written verifications of employment, (ii) pay stubs, (iii) W-2's, (iv) federal tax returns, (v) bank statements, (vi) profit and loss statements, and (vii) IRS tax transcripts (when provided).

**Assets:** Reviewed (i) bank statements, (ii) verification-of-deposit (VOD) and (iii) stock or security account statements to ensure adequate assets were provided verifying down payment, closing costs and reserves required by the guidelines and as applicable Appendix Q or Ability to Repay.

**Guidelines:** Confirmed compliance with applicable underwriting guidelines and determined the qualification of credit and income, assets, property type and usage, LTV/CLTV, and documentation requirements to applicable underwriting guidelines and loan program matrices. Items included, but not limited to: FICO, housing history, bankruptcy and foreclosure seasoning, occupancy, credit grade, loan amounts (minimum and maximum), maximum cash out amount, reserves, residual income, minimum trade lines and debt to income ratio requirements.

Unless otherwise stated in the Lender's or Client's guidelines, Fannie Mae guidelines prevail.

Page 2 of 10

**Property Valuation Review and Methodology**

CRES reviewed the Appraisal for completeness and conformance to industry standards, including requirements set forth in Title XI of FIRREA. The review included both data and description information provided by the appraiser. Review items included: (i) property address and borrower information matches the mortgage note and other critical origination documents, (ii) neighborhood characteristics and housing trends were acceptable and met applicable underwriting guidelines, (iii) site information for zoning compliance and possible adverse site notations reviewed for adverse conditions, FEMA Flood Zone designation matched the Flood Certification, (iv) property type and property description information met applicable underwriting guidelines, (v) comparable sales (sale dates, distance, gross and net adjustments, square footage, and value) met industry standards and were properly bracketed, (vi) comparable size, style, and location were similar to the subject address, (vii) condition of the property was average or better and notable repairs were addressed, (viii) appraisal was made on an "as is" basis or proper evidence of completion was obtained and clearly documented and addressed all "subject to" conditions noted, (ix) subject and comparable photos reviewed to ensure appraisal description information coincides with property pictures and that no visible adverse issues are present that the appraiser did not address, (x) appraisal was completed by a licensed appraiser and (xi) appraisal was completed within the required timing requirements, as disclosed in the applicable underwriting guidelines.

A Fannie Mae UCDP Submission Summary Report with a Collateral Underwriter Risk Score of 2.5 or less or a secondary enhanced desk review product, (such as an ARR from ProTeck or CDA from Clear Capital), from an approved AMC was required on all transactions. In lieu of an enhanced desk review product, a field review or second appraisal from an approved AMC is acceptable. If the Appraisal Review Product value is more than 10% below the appraised value, a second field review or appraisal was required. In certain cases, sellers may include an enhanced desk review product from an approved AMC. All ARR or CDA documentation provided by an approved AMC vendor was recorded by CRES, as an acceptable valuation support option as long as valuations were obtained in accordance with guidelines and through notable AMC vendors. Any loans that did not maintain an enhanced desk review or did not meet the Client's vendor requirements were conditioned and communicated with the Client.

For loans that did not maintain an acceptable enhanced desk review product, CRES ordered an Appraisal Risk Review (ARR) or Collateral Desktop Analysis (CDA) from various Appraisal Management Companies for valuation support. All loans outside of a 10% variance from the original appraised value were identified and communicated to the Client.

If material origination valuation discrepancies could not be resolved an exception was created and the applicable NRSROs valuation grade was recorded.

**Compliance Review Methodology (Consumer Loans)**

CRES reviews on consumer loans included comprehensive audit of fees and disclosed federal, state, municipal requirements along with timing of delivery requirements for TRID related Loan Estimates (LE's) and the Initial Closing Disclosure (CD's). The reviews track delivery and receipt requirements for all LE's and CD's, tracks fee changes and changed circumstances affecting fees, provides a fee tolerance comparison across all LE's and CD's.

In addition to the TRID specific items, the loans were also subject to the following Pre-TRID and Post- TRID compliance testing. Note that certain loans may be classified as "business purpose". In such cases certain compliance TILA and Regulation Z requirements were not tested, as the law's provisions do not apply to an extension of credit if primarily for business or a commercial purpose (12 C.F.R. §1026.3(a); 15 U.S.C. § 1603).

Page 3 of 10

*CRES utilizes a third-party compliance company's software for certain compliance tests. The following Pre-TRID, TRID, Qualified Mortgage (QM), and High Costs related test were completed within the third-party compliance software:*

Qualified Mortgage (12 CFR § 1026.43)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) Negative Amortization Loan test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) Interest Only Loan test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) Balloon Payment Loan test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IV) Loan Term test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(V) Points and Fees test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(VI) The Qualified Mortgage DTI Threshold test.

Federal High-Cost Mortgage (HOEPA - Amended) (12 CFR §1026.32)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) APR threshold test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) Points and fees threshold test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) Prepayment penalty threshold test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IV) Is Not a High-Costs Mortgage.

Federal Higher-Priced Mortgage Loan (2013 Provisions) (12 CFR §1026.35)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) Higher-Priced Mortgage Loan test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) Higher-priced mortgage loan required escrow account test.

Federal TILA (12 CFR §1026.15, 18, 22, 23 and 36)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) TILA finance charge test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) TILA APR test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) Dual Broker Compensation test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IV) Loan originator credits test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(V) TILA Financing of Single Premium Credit Insurance test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(VI) TILA Right of Rescission Test:

Initial Loan Estimate Timing Requirements (12 CFR §1026.19)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) Initial loan estimate delivery date test (from application).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) Initial loan estimate delivery date test (prior to consummation).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) Written list of service provider's disclosure date test.

Revised Loan Estimate Timing Requirements (12 CFR §1026.19)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) Revised loan estimate delivery date test (prior to consummation).

Revised Loan Estimate Timing & Changed Circumstances Requirements (12 CFR §1026.19)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) Valid or invalid changed circumstances test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) Revised loan estimate delivery date and changed circumstances date test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) Revised loan estimate lender credits test.

Initial Closing Disclosure Timing Requirements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) Initial closing disclosure delivery date test. (12 CFR §1026.19).

Initial Closing Disclosure Timing & Changed Circumstances Requirements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) Valid or invalid changed circumstances test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) Initial closing disclosure delivery date and changed circumstances date test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) Initial closing disclosure lender credits test.

Page 4 of 10

Revised Closing Disclosure Timing Requirements (12 CFR §1026.19 and 22)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) APR Tolerance Test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) Revised Closing Disclosure Waiting Period Required test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) Revised closing disclosure delivery date test.

Revised Closing Disclosure Timing & Changed Circumstances Requirements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) Valid or invalid changed circumstances test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) Revised closing disclosure delivery date and changed circumstances date test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) Revised closing disclosure delivery date and date the rate was set test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IV) Revised closing disclosure lender credits test.

Integrated Disclosures Tolerance & Reimbursement Provisions (12 CFR §1026.19)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) Charges that cannot increase test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) Lender credits that cannot decrease test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) Charges that in total cannot increase more than 10% test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IV) Charges that can have an unlimited increase test.

Federal RESPA (12 CFR §§1024.8, 1024.20, 1026.33)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) Homeownership counseling organizations disclosure date test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) Good Faith Estimate disclosure date test.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) RESPA "Your Credit or Charge" (802) Disallowed Credit and Charge test.

In addition to the checks disclosed above, various state license-based consumer lending and licensing laws and regulations tests were also completed using the third-party compliance software.

On applicable loans ("Covered Loans' with an Application Dates => 10/3/2015), SFIG RMBS 3.0 TRID Compliance Review Scope was used to test compliance with TILA/RESPA Integrated Disclosure rules.

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

CRES reviews all loan transactions that are covered by the Ability to Repay rule as set forth in Regulation Z- Truth in Lending Act (TILA) to determine whether the lender considered and evaluated the eight underwriting factors. The eight factors reviewed are: (i) Current or reasonably expected income or assets (other than the value of the property that secures the loan) that the consumer will rely on to repay the loan, (ii) Current employment status (if you rely on employment income when assessing the consumer's ability to repay), (iii) Projected monthly mortgage payment for this loan (calculated using the introductory or fully- indexed rate, whichever is higher, and monthly, fully-amortizing payments that are substantially equal), (iv) Projected monthly payment on any simultaneous loans secured by the same property, (v) Monthly payments for property taxes and insurance that you require the consumer to buy, and certain other costs related to the property such as homeowners association fees or ground rent, (vi) Debts, alimony, and child- support obligations, (vii) Monthly debt-to-income ratio or residual income, calculated using the total of all of the mortgage and non-mortgage obligations listed above, as a ratio of gross monthly income, and (viii) Credit history.

*<u>Qualified Mortgage</u>*

When applicable, CRES assessed the borrower(s)' QM classification and re-assigns a due diligence reviewed QM or Non-QM type for each loan. Loans are classified into one of the following categories: (i) QM: Safe Harbor: Loans that meet the rule's definition of a QM and are eligible for safe harbor protection under the original QM definition, (ii) QM: Safe Harbor (APOR): Loans that meet the rule's definition of a QM and are eligible for safe harbor protection under the new General QM definition (iii) QM: GSE Temporary (safe harbor) – Loans that are eligible for purchase by Fannie Mae or Freddie Mac and therefore is exempt from the Appendix Q/43% DTI provision, but otherwise meets the QM safe harbor definition, (iv) QM: Rebuttable Presumption: Loans that meet the rule's definition of a QM and are eligible for rebuttable presumption protection under the original QM definition, (v) QM: Rebuttable Presumption (APOR): Loans that meet the rule's definition of a QM and are eligible for rebuttable presumption protection under the new General QM definition, (vi) QM: GSE Temporary (rebuttable presumption) - Loans that are eligible for purchase by Fannie Mae or Freddie Mac and therefore is exempt from the Appendix Q/43% DTI provision, but otherwise meets the QM rebuttable presumption definition (vii) Non-QM: Compliant: Loans that do not meet the QM definition but fully comply with the ATR rule, (viii) Non-QM: Non-Compliant: Loans that do not meet the QM definition and do not comply with the ATR rule, and (ix) Not Covered/Exempt: Loans that are not covered by the rule.

Page 5 of 10

Note that CRES determines the mortgage loan's status under the ATR or QM rule requirements and assigns a proper due diligence mortgage loan designation that is solely based on the documentation available at the time of the review. The seller's guidelines were updated 6/25/2021 to allow loans to be qualified under the new General QM requirements. All the loans in the population were reviewed to the Original QM requirements.

*The table below contains the TRID eligible breakdown for the loan population:*

 

---

| | | |
|:---|:---|:---|
| | **Count** | &nbsp;&nbsp;&nbsp;**Percentage of Population** |
| &nbsp;&nbsp;**Investment/Business Purpose Loans** | 0 | &nbsp;&nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**Initial Application Date prior to October 3, 2015** | 0 | &nbsp;&nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;**CRES Level II TRID Review** | 3 | &nbsp;&nbsp;&nbsp;100.00% |

---

 

**Document Review**

CRES 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;· Appraisal. |
| &nbsp;&nbsp;&nbsp;&nbsp;· Asset documentation.<br> &nbsp;&nbsp;&nbsp;&nbsp;· Business Purpose Certification (if applicable) |
| &nbsp;&nbsp;&nbsp;· Changed circumstance documentation. |
| &nbsp;&nbsp;&nbsp;· Credit report. |
| &nbsp;&nbsp;&nbsp;· FACTA disclosures. |
| &nbsp;&nbsp;&nbsp;· Final 1003. |
| &nbsp;&nbsp;&nbsp;· Final HUD-1/Closing Disclosure(s). |
| &nbsp;&nbsp;&nbsp;· Hazard and/or flood insurance policies. |
| &nbsp;&nbsp;&nbsp;· HUD from sale of previous residence. |
| &nbsp;&nbsp;&nbsp;· Homeownership counseling organizations disclosure. |
| &nbsp;&nbsp;&nbsp;· Income and employment documentation. |
| &nbsp;&nbsp;&nbsp;· Initial and final GFE's. |
| &nbsp;&nbsp;&nbsp;· Initial application (1003). |
| &nbsp;&nbsp;&nbsp;· Initial escrow disclosure. |
| &nbsp;&nbsp;&nbsp;&nbsp;· Initial TIL.<br> &nbsp;&nbsp;&nbsp;&nbsp;· Leases |
| &nbsp;&nbsp;&nbsp;&nbsp;· Loan Estimate(s).<br> &nbsp;&nbsp;&nbsp;&nbsp;· Market Rent supporting documentation |

---

Page 6 of 10

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;· Mortgage Insurance. |
| &nbsp;&nbsp;&nbsp;· Mortgage/Deed of Trust. |
| &nbsp;&nbsp;&nbsp;· Note. |
| &nbsp;&nbsp;&nbsp;· Notice of Special Flood Hazards. |
| &nbsp;&nbsp;&nbsp;· Sales contract. |
| &nbsp;&nbsp;&nbsp;· Tangible Net Benefit Disclosure. |
| &nbsp;&nbsp;&nbsp;· Title/Preliminary Title. |
| &nbsp;&nbsp;&nbsp;· Written List of Service Providers. |

---

&nbsp;&nbsp;&nbsp;&nbsp;(6) Tape Data Compare

CRES compared data fields on the data tape provided by the Client to the data points disclosed on the actual mortgage loan file documents, as captured by CRES. When data was available, the following data elements were compared:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Appraised Value | &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Property City |
| &nbsp;&nbsp;CLTV | &nbsp;&nbsp;Interest Rate | &nbsp;&nbsp;Note Type | &nbsp;&nbsp;Property State |
| &nbsp;&nbsp;Doc Level | &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;Property Zip |
| &nbsp;&nbsp;DTI | &nbsp;&nbsp;Loan Term | &nbsp;&nbsp;Original Balance | &nbsp;&nbsp;Purpose |
| &nbsp;&nbsp;FICO | &nbsp;&nbsp;LTV | &nbsp;&nbsp;P&I Payment | &nbsp;&nbsp;&nbsp;&nbsp;QM Type |
| &nbsp;&nbsp;Appraised Value | &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Note Date | &nbsp;&nbsp;&nbsp;&nbsp;Property City |

---

The seller provided CRES with loan level data regarding the mortgage loans for the data integrity check. CRES received the data directly from the seller through a loan registrations system or via a data tape.

Of the 3 mortgage loans reviewed, three unique mortgage loans had at least one tape discrepancy across 20 data fields (one mortgage loan had more than one data discrepancy). The following table discloses the number of data discrepancies noted by field name. Note, tape data was not provided on certain field compare values. The fields in which tape data was not available is noted below; however, a data discrepancy was not counted if the seller failed to provide a compare value.

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Field Compare** | **Discrepancy: No** | **Discrepancy: Yes** | **Total** |
| &nbsp;&nbsp;Appraised Value | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;CLTV | 2 | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;Doc Level | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;DTI\* | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;FICO | 0 | 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;First Payment Date | 2 | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;Interest Rate | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;Lien Position | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;Loan Term | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;LTV | 2 | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;Note Date\* | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;Note Type | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;Occupancy | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;Original Balance | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;P&I Payment | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;Property City | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;Property State | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;Property Zip | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;Purpose | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| &nbsp;&nbsp;QM Type\* | 3 | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| \* Tape data was not available. | \* Tape data was not available. | \* Tape data was not available. | \* Tape data was not available. |
| DTI Variance Threshold Applied: 3% | DTI Variance Threshold Applied: 3% | DTI Variance Threshold Applied: 3% | DTI Variance Threshold Applied: 3% |

---

Page 7 of 10

DTI variances are the difference on the percentage of income dedicated toward making debt payments. These variances occur frequently due to differences in calculating incomes. Total Debt Ratio variances that were less than or equal to 3% of the tape value are not included in the data discrepancies reflected.

&nbsp;&nbsp;&nbsp;&nbsp;(7) Credit, Compliance and Property Valuation Results

**Credit Results Summary**

Approximately 100.00% of the mortgage loans in the securitization have a Credit grade of "B" or higher and 66.67% of the mortgage loans by number have a Credit grade of "A."

---

| | | |
|:---|:---|:---|
| **NRSRO Grade** | **Loan Count** | **Percentage** |
| A | 2 | 66.67% |
| B | 1 | 33.33% |
| C | 0 | 0.00% |
| **Total** | **33** | **100.00%** |

---

**Compliance Results Summary**

Approximately 100.00% of all mortgage loans by number have a Compliance grade of "A.".

---

| | | |
|:---|:---|:---|
| **NRSRO Grade** | **Loan Count** | **Percentage** |
| A | 3 | 100.00% |
| B | 0 | 0.00% |
| C | 0 | 0.00% |
| **Total** | **3** | **100.00%** |

---

**Property Valuation Results Summary**

Approximately 100.00% of the mortgage loans by number have a Valuation grade of "A" or higher and 66.67% of the mortgage loans by number have a Valuation grade of "A."

---

| | | |
|:---|:---|:---|
| **NRSRO Grade** | **Loan Count** | **Percentage** |
| A | 2 | 66.67% |
| B | 1 | 33.33% |
| C | 0 | 0.00% |
| **Total** | **3** | **100.00%** |

---

Page 8 of 10

**Overall Results Summary**

Approximately 100.00% of all loans by number received an "A" or "B" overall grade and 66.67% of all loans by number received an overall grade of "A".

---

| | | |
|:---|:---|:---|
| **NRSRO Grade** | **Loan Count** | **Percentage** |
| A | 2 | 66.67% |
| B | 1 | 33.33% |
| C | 0 | 0.00% |
| **Total** | **3** | **100.00%** |

---

&nbsp;&nbsp;&nbsp;&nbsp; (8) Pool Stratification Summary

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Lien Position** | **Count** | **Percentage** |
| &nbsp;&nbsp;First | 3 | 100.00% |
| &nbsp;&nbsp;**Total** | **3** | **100.00%** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Note Type** | **Count** | **Percentage** |
| &nbsp;&nbsp;**Arm** | 0 | 0.00% |
| &nbsp;&nbsp;**Fixed** | 3 | 100.00% |
| &nbsp;&nbsp;**Total** | **3** | **100.00%** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Occupancy** | **Count** | **Percentage** |
| &nbsp;&nbsp;**Owner Occupied** | 3 | 100.00% |
| &nbsp;&nbsp;**Non-Owner Occupied** | 0 | 0.00% |
| &nbsp;&nbsp;**Second Home** | 0 | 0.00% |
| &nbsp;&nbsp;**Total** | **3** | **100.00%** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Purpose** | **Count** | **Percentage** |
| &nbsp;&nbsp;**Purchase** | 0 | 0.00% |
| &nbsp;&nbsp;**Refi - Cash Out** | 0 | 0.00% |
| &nbsp;&nbsp;**Rate Term Refi** | 3 | 100.00% |
| &nbsp;&nbsp;**Total** | **3** | **100.00%** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Property Type** | **Count** | **Percentage** |
| &nbsp;&nbsp;**Single Family** | 1 | 33.33% |
| &nbsp;&nbsp;**PUD** | 2 | 66.67% |
| &nbsp;&nbsp;**Condo** | 0 | 0.00% |
| &nbsp;&nbsp;**2-4 Family** | 0 | 0.00% |
| &nbsp;&nbsp;**Commercial** | 0 | 0.00% |
| &nbsp;&nbsp;**Townhome** | 0 | 0.00% |
| &nbsp;&nbsp;**Mixed Use** | 0 | 0.00% |
| &nbsp;&nbsp;**Total** | **3** | **100.00%** |

---

Page 9 of 10

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Debt to Income** | **Count** | **Percentage** |
| &nbsp;&nbsp;**0-9.99%\*** | 0 | 0.00% |
| &nbsp;&nbsp;**10%-19.99%** | 1 | 33.33% |
| &nbsp;&nbsp;**20%-29.99%** | 1 | 33.33% |
| &nbsp;&nbsp;**30%-39.99%** | 1 | 33.33% |
| &nbsp;&nbsp;**40%-49.99%** | 0 | 0.00% |
| &nbsp;&nbsp;**50%-60.00%** | 0 | 0.00% |
| &nbsp;&nbsp;**Total** | **3** | **100.00%** |
| &nbsp;&nbsp;**Max DTI <43%** |  |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Loan to Value** | **Count** | **Percentage** |
| &nbsp;&nbsp;**10%-19.99%** | 0 | 0.00% |
| &nbsp;&nbsp;**20%-29.99%** | 0 | 0.00% |
| &nbsp;&nbsp;**30%-39.99%** | 0 | 0.00% |
| &nbsp;&nbsp;**40%-49.99%** | 0 | 0.00% |
| &nbsp;&nbsp;**50%-59.99%** | 0 | 0.00% |
| &nbsp;&nbsp;**60%-69.99%** | 0 | 0.00% |
| &nbsp;&nbsp;**70%-79.99%** | 3 | 100.00% |
| &nbsp;&nbsp;**80%-89.99%** | 0 | 0.00% |
| &nbsp;&nbsp;**90%-100%** | 0 | 0.00% |
| &nbsp;&nbsp;**Total** | **3** | **100.00%** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**State** | **Count** | **Percentage** |
| &nbsp;&nbsp;**AZ** | 1 | 33.33% |
| &nbsp;&nbsp;**CA** | 2 | 66.67% |
| &nbsp;&nbsp;**Total** | **3** | **100.00%** |

---

Page 10 of 10

## Exhibit 99.4

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.4**

![](covius.jpg)

---

| |
|:---|
| **ATR QM Data Fields** |
| Loans in Report: 3 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Client Loan Number** | **Alt Loan Number** | **Loan Level ATR/QM Status** | **Application Date Prior to 1/10/2014** | **TRID Indicator** |
| XXXXXXXXXX | 6102284 | QM: Safe Harbor | No | Yes |
| XXXXXXXXXX | 6102293 | QM: Safe Harbor | No | Yes |
| XXXXXXXXXX | 6102301 | QM: Safe Harbor | No | Yes |
| **3** |  |  |  |  |

---

## Exhibit 99.4

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.4**

**Rating Agency Exceptions Report: 2/17/2023**

---

| | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Loan Information** | **Exception Information** | **Exception Information** | **Exception Information** | **Exception Information** | **Exception Information** | **Exception Information** | **Exception Information** | **Event Level** |
| **Loan Number** | **Loan Number 2** | **Property State** | **Purpose** | **Occupancy** | **Property Type** | **DTI** | **DSCR** | **FICO** | **LTV** | **Note Original Balance** | **Exception ID** | **Exception Type** | **Exception Description** | **Exception Note** | **Exception General Comment** | **Compensating Factors** | **Exception Status** | **Grade** |
| XXXXXXXXX | 6102284 | AZ | Rate Term Refi | Owner Occupied | Single Family Detached | 13.8 |  | 789 | 70.76% | XXXXXXX | XXXXXX | Compliance | Rate Lock | The Rate Lock Agreement is not in the file. | 05/10/2021 Document provided to cure. |  | Cleared Exception B | 1 |
| XXXXXXXXX | 6102284 | AZ | Rate Term Refi | Owner Occupied | Single Family Detached | 13.8 |  | 789 | 70.76% | XXXXXXX | XXXXXX | Credit | Employment | Verbal Verification of Employment for the Borrower dated within 10 business days of the Note date is not in the file. | 5//10/21 VOE provided is dated XX/XX/XXXX .The note date is XX/XX/XXX 06/08/2021 Client waived. | Credit Score - The borrowers Fico of 789 is 89 points greater than the minimum required score of 700 , Reserves - 127.31 months of reserves., Years On Job - The borrower was verified to have been employed with the same employer for 20 years | Cleared Waiver B | 2 |
| XXXXXXXXX | 6102284 | AZ | Rate Term Refi | Owner Occupied | Single Family Detached | 13.8 |  | 789 | 70.76% | XXXXXXX | XXXXXX | Credit | Age of Documentation - Assets | According to the underwriting guidelines, all asset documentation must be dated within 90 days of the note date. In this case, the XX/XX/XXXX XXXXXXXXXX statement exceeds the guideline. The file contained a XX/XX/XXXX statement, but an additional consecutive monthly statement (XX/XXXX) was not provided. | 05/10/2021 Need complete 30 days of Jan 21 stmt. Stmt provided is through XX/XX/XXX XX/XX/XXX Client waived. | Credit Score - The borrowers Fico of 789 is 89 points greater than the minimum required score of 700 , Reserves - 127.31 months of reserves., Years On Job - The borrower was verified to have been employed with the same employer for 20 years | Cleared Waiver B | 2 |
| XXXXXXXXX | 6102284 | AZ | Rate Term Refi | Owner Occupied | Single Family Detached | 13.8 |  | 789 | 70.76% | XXXXXXX | XXXXXX | Credit | Age of Documentation - Income | According to the underwriting guidelines, income documentation must be dated within 60 days of the note date (XX/XX/XXXX). In this case, the most recent payment has an advise date of XX/XX/XXXXX and the written VOE is dated XX/XX/XXXX. Both of these documents exceed the guideline | 05/10/2021 Paystub provided is dated more than 60 days after closing. Paystub must be within 60 days of the note date. <br> 06/08/2021 Client waived. | Credit Score - The borrowers Fico of 789 is 89 points greater than the minimum required score of 700 , Reserves - 127.31 months of reserves., Years On Job - The borrower was verified to have been employed with the same employer for 20 years | Cleared Waiver B | 2 |
| XXXXXXXXX | 6102284 | AZ | Rate Term Refi | Owner Occupied | Single Family Detached | 13.8 |  | 789 | 70.76% | XXXXXXX | XXXXXX | Property | Appraisal | Post closing valuation returned not within an acceptable tolerance. XXXXXX SSRS report returned a CU score of 5. Additional secondary valuation product needed.  | CDA returned supporting the original appraised value, no variance. |  | Cleared Exception B | 2 |
| XXXXXXXXX | 6102293 | CA | Rate Term Refi | Owner Occupied | PUD | 37.9 |  | 786 | 77.07% | XXXXXXX | XXXXXX | Credit | Credit - Inquiries | Credit report reflects inquiries that are not addressed/explained For credit report sup pulled XX/XX/XXXX | 2/10/2021: Credit ltr sent frm older credit report. Need exp from credit inq from XX/XX/XXX 2/25/21 Doc received |  | Cleared Exception D A | 1 |
| XXXXXXXXX | 6102293 | CA | Rate Term Refi | Owner Occupied | PUD | 37.9 |  | 786 | 77.07% | XXXXXXX | XXXXXX | Credit | Closing Disclosure | The Closing Disclosure is not included in the loan file. | Located In file |  | Cleared Exception D A | 1 |
| XXXXXXXXX | 6102293 | CA | Rate Term Refi | Owner Occupied | PUD | 37.9 |  | 786 | 77.07% | XXXXXXX | XXXXXX | Credit | AUS/Loan Approval | XX AUS Loan Approval to reflect XXXX , most recent credit report XX/XXXX report # XXXX and corrected income and debts. Recalculated ratios are 37.85%. | 02/10/2021 Doc received |  | Cleared Exception D A | 1 |
| XXXXXXXXX | 6102293 | CA | Rate Term Refi | Owner Occupied | PUD | 37.9 |  | 786 | 77.07% | XXXXXXX | XXXXXX | Credit | Income | Signed personal and business tax returns for 2018 and 2019. Returns provided but not signed. | 2/25/21 Docs received |  | Cleared Exception D A | 1 |
| XXXXXXXXX | 6102293 | CA | Rate Term Refi | Owner Occupied | PUD | 37.9 |  | 786 | 77.07% | XXXXXXX | XXXXXX | Credit | 1008 | Signed Form 1008 document is not included in the loan file for a manually underwritten loan. | 2/10/2021 Unsigned 1008 sent XX/XX/XXX Doc received |  | Cleared Exception D A | 1 |
| XXXXXXXXX | 6102293 | CA | Rate Term Refi | Owner Occupied | PUD | 37.9 |  | 786 | 77.07% | XXXXXXX | XXXXXX | Credit | Credit | The loan file is missing documentation verifying tax/insurance expense associated with other real estate owned. Verification of tax/insurance expense is required to accurately validate the housing expense and resulting DTI. | 2/10/21: No doc sent 2/24 Removed the addtl mtg was a refi of the borrowers send mtg.No an addtl property. |  | Cleared Exception D A | 1 |
| XXXXXXXXX | 6102301 | CA | Rate Term Refi | Owner Occupied | PUD | 27.8 |  | 779 | 80.00% | XXXXXXX | XXXXXX | Credit | 1008 | The 1008 is not signed. | 05/17/2021 Not sent. 6/4/21: Documentation provided to cure. |  | Cleared Exception A | 1 |
| XXXXXXXXX | 6102301 | CA | Rate Term Refi | Owner Occupied | PUD | 27.8 |  | 779 | 80.00% | XXXXXXX | XXXXXX | Compliance | Closing Disclosure | This loan failed the charges that cannot increase test with a total tolerance violation of XXXXXX The initial LE reflects an appraisal Fee of XXXXX whereas the final CD reflects the appraisal Fee as XXXX, for an increase of XXXXX. Initial LE shows points fee of XXXXX, but the final CD shows XXXXXX with an increase of XXXXX. No change of circumstance included in the loan file. | 05/17/2021 XXXXXX internal compliance to review. COC provided does not specify that is for appraisal fee or the points. <br> 6/4/21: Documentation provided to cure. |  | Cleared Exception A | 1 |
| XXXXXXXXX | 6102301 | CA | Rate Term Refi | Owner Occupied | PUD | 27.8 |  | 779 | 80.00% | XXXXXXX | XXXXXX | Credit | Employment | The file did not include Verbal Verification of Employment for the borrowers dated within 10 business days prior to closing. The Verbal VOEs in the ffie were dated XX/XX/XXXX and not date is XX/XX/XXXX. | 05/17/2021 VVOE dated XX/XX/XXX1 rec. |  | Cleared Exception A | 1 |
| XXXXXXXXX | 6102301 | CA | Rate Term Refi | Owner Occupied | PUD | 27.8 |  | 779 | 80.00% | XXXXXXX | XXXXXX | Property | Appraisal | The subject is new construction in 2021, but the file did not contain a certificate of occupancy from the county/city building and safety department | 05/17/2021 Received building permit with complete reflected. |  | Cleared Exception A | 1 |
| **3** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

## Exhibit 99.4

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.4**

**Rating Agency Grades: 2/17/2023**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Loan Information** | **Loan Information** | **Loan Information** | **Initial Compliance Grades** | **Initial Property Grades** | **Final Compliance Grades** | **Final Property Grades** |
| **Loan Number** | **Alt Loan ID** | **Note Original Balance** | **S&P** | **S&P** | **S&P** | **S&P** |
| XXXXXXXXX | 6102284 | XXXXXXX C CC B | RB C | VC B CB A | RA B | VB |
| XXXXXXXXX | 6102293 | XXXXXXX D CD | RC A | VA D CA | RA | VA |
| XXXXXXXXX | 6102301 | XXXXXXX C CC | RC | VC A CA | RA | VA |

---

## Exhibit 99.4

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.4**

![](covius.jpg)

Tape Compare Report: 2/17/2023

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Loan Number** | **Loan Number 2** | **Tape** | **Audited** | **Field Compare** | **Variance** | **Data Discrepancy Flag** |
| XXXXXXXXX | 6102293 | 0.78 | 0.77 | CLTV | -0.01 | Yes |
| XXXXXXXXX | 6102293 | 803 | 786 | Credit Score | -17 | Yes |
| XXXXXXXXX | 6102301 | 771 | 779 | Credit Score | 8 | Yes |
| XXXXXXXXX | 6102284 | 821 | 789 | Credit Score | -32 | Yes |
| XXXXXXXXX | 6102284 | XX/XX/XXXX | XX/XX/XXXX | First Payment Date | Yes | Yes |
| XXXXXXXXX | 6102293 | 0.78 | 0.77 | LTV | -0.01 | Yes |

---

## Exhibit 99.4

[MORGAN STANLEY CAPITAL I INC. ABS-15G](msrm-abs15g_030823.htm)

**Exhibit 99.4**

**ValuationReport**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **AVM Values** | **AVM Values** | **AVM Values** | **AVM Values** | **BPO Review Values** | **BPO Review Values** | **BPO Review Values** | **BPO Review Values** | **BPO Review Values** | **Desk Review Values** | **Desk Review Values** | **Desk Review Values** | **Desk Review Values** | **Desk Review Values** | **Field Review Values** | **Field Review Values** | **Field Review Values** | **Field Review Values** | **Field Review Values** | **Collateral Underwriter Risk Score** | **Collateral Underwriter Risk Score** | **Collateral Underwriter Risk Score** |
| **Loan Number** | **Alt Loan Number** | **Origination Date** | **Original Loan Amount** | **Sale Price** | **Appraised Value** | **Appraisal Date** | **Second Appraisal Value** | **Second Appraisal Type** | **Value** | **Variance Amount** | **Variance (%)** | **Appraisal Date** | **Value** | **Variance Amount** | **Variance (%)** | **Company** | **Appraisal Date** | **Value** | **Variance Amount** | **Variance (%)** | **Company** | **Appraisal Date** | **Value** | **Variance Amount** | **Variance (%)** | **Company** | **Appraisal Date** | **CU Score** | **Company** | **CU Date** |
| XXXXXXXXX | 6102284 | XX/XX/XXXX | XXXXXXX |  | XXXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  | XXXXXXX | XXXX | 0.00% | XXXXXXXXX | XX/XX/XXXX |  |  |  |  |  | 5 | XXXXXXXX | XX/XX/XXXX |
| XXXXXXXXX | 6102293 | XX/XX/XXXX | XXXXXXX |  | XXXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.3 | XXXXXXXX | XX/XX/XXXX |
| XXXXXXXXX | 6102301 | XX/XX/XXXX | XXXXXXX |  | XXXXXXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.4 | XXXXXXXX | XX/XX/XXXX |

---