# EDGAR Filing Document

**Accession Number:** 0001599342
**File Stem:** 0001193125-26-002767
**Filing Date:** 2026-1
**Character Count:** 907293
**Document Hash:** 441c7bd97e0c6c595b867d04bfadd76a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-002767.hdr.sgml**: 20260105

**ACCESSION NUMBER**: 0001193125-26-002767

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

**PUBLIC DOCUMENT COUNT**: 20

**CONFORMED PERIOD OF REPORT**: 20260105

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

**FILED AS OF DATE**: 20260105

**DATE AS OF CHANGE**: 20260105

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

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

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01521
- **FILM NUMBER:** 26507892

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

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

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

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

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

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

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

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

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

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

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

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

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM ABS-15G** 

**ASSET-BACKED SECURITIZER** 

**REPORT PURSUANT TO SECTION 15G OF** 

**THE SECURITIES EXCHANGE ACT OF 1934** 

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

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

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

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

**Central Index Key Number of securitizer:** 

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

**contact in connection with this filing.** 

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

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

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

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

Central Index Key Number of securitizer: 0001599342

## PMT Loan Trust 2026-J1
**(Exact name of issuing entity as specified in its charter)** 

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

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

**Chris White** 

**(805) 530-5829** 

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

**contact in connection with this filing** 

------

**PART I: REPRESENTATION AND WARRANTY INFORMATION** 

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

N/A

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

N/A

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

N/A

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

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

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

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

N/A

------

**EXHIBIT INDEX** 

---

| | |
|:---|:---|
| 99.1 | [Clayton Services LLC ("Clayton") Due Diligence Narrative Report](d57073dex991.htm) |
| 99.2 | [Clayton Conditions Report](d57073dex992.htm) |
| 99.3 | [Clayton Rating Agency ATR QM Data Fields](d57073dex993.htm) |
| 99.4 | [Clayton Loan Level Tape Compare Upload](d57073dex994.htm) |
| 99.5 | [Clayton Valuations Summary](d57073dex995.htm) |
| 99.6 | [AMC Diligence, LLC ("AMC") Due Diligence Executive Summary](d57073dex996.htm) |
| 99.7 | [AMC Data Compare Report](d57073dex997.htm) |
| 99.8 | [AMC Exception Grades](d57073dex998.htm) |
| 99.9 | [AMC Rating Agency Grades](d57073dex999.htm) |
| 99.1 | [AMC Valuation Report](d57073dex9910.htm) |

---

------

**SIGNATURES** 

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

---

| | |
|:---|:---|
| PennyMac Corp. | PennyMac Corp.<br>(Securitizer) |
| Date | January 5, 2026 |
| /s/ Daniel S. Perotti | /s/ Daniel S. Perotti<br> (Signature) |
| By: | Daniel S. Perotti |
| Title: | Senior Managing Director and Chief Financial Officer |

---

## Exhibit 99.1

**EXHIBIT 99.1** 

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

------

**Exhibit 99.1**![LOGO](g57073g01a03.jpg)

[ ![LOGO](g57073g01a01.jpg)

![LOGO](g57073g01a02.jpg)

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![LOGO](g57073g02b01.jpg)

**TABLE OF CONTENTS**

---

| | | | |
|:---|:---|:---|:---|
|  **Clayton Contact Information** |  | **2** |  |
|  **Overview** |  | **2** |  |
|  **Originators** |  | **2** |  |
|  **Clayton's Third Party Review ("TPR") Scope of Work** |  | **2** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Sampling* | | *3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Sponsor Acquisition Criteria* | | *3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Loan Grading* | | *3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *TPR Component Review Scope* | | *4* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Review |  | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property Valuation Review |  | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regulatory Compliance Review |  | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Data Integrity* | | *6* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Data Capture* | | *7* | |
|  **Data Compare Results** |  | **7** |  |
|  **Clayton Due Diligence Results** |  | **8** |  |
|  **Clayton Third Party Reports Delivered** |  | **9** |  |
|  **Appendix A: Credit Review Scope** |  | **10** |  |
|  **Appendix B: Origination Appraisal Assessment** |  | **13** |  |
|  **Appendix C: Regulatory Compliance Review Scope** |  | **16** |  |

---

PMT Loan Trust 2026-J1 Page \| 1 December 24, 2025

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![LOGO](g57073g02b01.jpg)

**CLAYTON CONTACT INFORMATION** 

Client Service Management:

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

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

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

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

**OVERVIEW** 

On behalf of PennyMac Corp. ("PennyMac"), Clayton conducted an independent third-party pre-securitization due diligence review of 128 residential loans selected for the PMT Loan Trust 2026-J1 transaction. The loans referenced in this narrative report were reviewed on a bulk basis between November 2025 and December 2025. This narrative report provides information about the original lenders, the scope of work performed by Clayton, and the results of Clayton's review.

**ORIGINATORS** 

Origination channels for the loans in this review:

---

| | | |
|:---|:---|:---|
| **Origination Channel** | **Loan Count** | **Percentage** |
|  Broker | 7 | 5.47% |
|  Correspondent Bulk | 119 | 92.97% |
|  Correspondent Flow with delegated underwriting | 1 | 0.78% |
|  Retail | 1 | 0.78% |
|  **Total** | **128** | **100.00%** |

---

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

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

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

PMT Loan Trust 2026-J1 Page \| 2 December 24, 2025

------

![LOGO](g57073g02b01.jpg)

**SAMPLING** 

Upon receipt of Asset Tape, Diligence provider randomly selected 128 Purchased Mortgage loans listed thereon, excluding Wet Loans. 100% of the loans received a Full Review as described below.

Review Type Loan Counts:

---

| | | |
|:---|:---|:---|
| *Review Type* | *Loan Count*<br> *Reviewed by Clayton* | *Scope Applied* |
| **Full Review** | 128 | Clayton performed a Full Review based on the scope described below in the section titled "TPR Component Review Scope". |
| **Total Loan Population** | 128 |  |

---

**SPONSOR ACQUISITION CRITERIA** 

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

**LOAN GRADING** 

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

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

![LOGO](g57073g04e01.jpg)

PMT Loan Trust 2026-J1 Page \| 3 December 24, 2025

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![LOGO](g57073g02b01.jpg)

**TPR COMPONENT REVIEW SCOPE** 

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

CREDIT REVIEW

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

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

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

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

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

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

PROPERTY VALUATION REVIEW

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Original Appraisal Assessment (128 loans)

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Value Supported Analysis (128 loans)

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

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

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

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

For further detail please refer to the PMTLT 2026-J1 Valuations Summary Report

PMT Loan Trust 2026-J1 Page \| 4 December 24, 2025

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![LOGO](g57073g02b01.jpg)

REGULATORY COMPLIANCE REVIEW

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

Clayton utilized its proprietary eCLAS engine for regulatory compliance testing.

The scope of the compliance review performed is summarized below:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• On, June 15th, SFIG published its RMBS 3.0 TRID Compliance Review Scope <sup>©</sup> documentation, developed under the leadership of members from Third Party Review ("TPR") firms across the industry and SFIG's RMBS 3.0 Due Diligence, Data and Disclosure
Working Group. The RMBS 3.0 TRID Compliance Review Scope was created with an

PMT Loan Trust 2026-J1 Page \| 5 December 24, 2025

------

![LOGO](g57073g02b01.jpg)

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. <br>

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

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

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

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

State and Federal High Cost and Higher-Priced:

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

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

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

Anti-predatory lending laws

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

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

Prepayment Penalties and Late Charges in certain states

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

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

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

**DATA INTEGRITY** 

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

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

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

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

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

PMT Loan Trust 2026-J1 Page \| 6 December 24, 2025

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![LOGO](g57073g02b01.jpg)

**DATA CAPTURE** 

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

**DATA COMPARE RESULTS** 

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

Summary of data compare results:

---

| | | |
|:---|:---|:---|
| **Field Name** | **#** | **Accuracy %** |
|  Appraisal Form Type | 12 | 90.63% |
|  Borrower 1 Self Employed Flag | 1 | 99.22% |
|  Borrower 1 Total Income | 2 | 98.44% |
|  Borrower 2 Self Employed Flag | 4 | 96.88% |
|  Cash Reserves | 84 | 34.38% |
|  Credit Report Date | 5 | 96.09% |
|  Debt to Income Ratio (Back) | 6 | 95.31% |
|  Loan Purpose | 3 | 97.66% |
|  Original Appraisal Date | 2 | 98.44% |
|  Origination Channel | 9 | 92.97% |
|  Product Type | 15 | 88.28% |
|  Property Type | 1 | 99.22% |
|  Sales Price | 1 | 99.22% |

---

PMT Loan Trust 2026-J1 Page \| 7 December 24, 2025

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![LOGO](g57073g02b01.jpg)

**CLAYTON DUE DILIGENCE RESULTS** 

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

**Initial and Final Overall Loan Grade Results** 

<u>Loan Pool (128 loans)</u>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** |
|  | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** |  | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 87 |  | 11 | 21 | **119** |
| **Final** | **B** |  | 6 | 1 | 2 | **9** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **87** | **6** | **12** | **23** | **128** |

---

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** | 116 |  | 5 | 5 | **126** |
| **Final** | **B** |  | 2 |  |  | **2** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **116** | **2** | **5** | **5** | **128** |

---

**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** | 113 |  |  | 15 | **128** |
| **Final** | **B** |  |  |  |  | **0** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **113** | **0** | **0** | **15** | **128** |

---

**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** | 110 | 1 | 7 | 3 | **121** |
| **Final** | **B** |  | 4 | 1 | 2 | **7** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **110** | **5** | **8** | **5** | **128** |

---

PMT Loan Trust 2026-J1 Page \| 8 December 24, 2025

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![LOGO](g57073g02b01.jpg)

**CLAYTON THIRD PARTY REPORTS DELIVERED** 

Clayton furnished the following reports on this transaction:

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2026-J1 Page \| 9 December 24, 2025

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![LOGO](g57073g02b01.jpg)

**APPENDIX A: CREDIT REVIEW SCOPE** 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2026-J1 Page \| 10 December 24, 2025

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2026-J1 Page \| 11 December 24, 2025

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![LOGO](g57073g02b01.jpg)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2026-J1 Page \| 12 December 24, 2025

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![LOGO](g57073g02b01.jpg)

**APPENDIX B: ORIGINATION APPRAISAL ASSESSMENT** 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2026-J1 Page \| 13 December 24, 2025

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![LOGO](g57073g02b01.jpg)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2026-J1 Page \| 14 December 24, 2025

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

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

F. Disclaimer

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

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

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

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

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

G. Desk Review definitions

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

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

PMT Loan Trust 2026-J1 Page \| 15 December 24, 2025

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![LOGO](g57073g02b01.jpg)

**APPENDIX C: REGULATORY COMPLIANCE REVIEW SCOPE** 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PMT Loan Trust 2026-J1 Page \| 16 December 24, 2025

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![LOGO](g57073g02b01.jpg)

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

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

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

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

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

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

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

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

---

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

---

PMT Loan Trust 2026-J1 Page \| 17 December 24, 2025

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![LOGO](g57073g02b01.jpg)

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

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

---

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

---

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

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

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

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

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

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

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

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

---

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

---

PMT Loan Trust 2026-J1 Page \| 18 December 24, 2025

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![LOGO](g57073g02b01.jpg)

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

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

---

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

---

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

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

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

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

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

PMT Loan Trust 2026-J1 Page \| 19 December 24, 2025

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![LOGO](g57073g02b01.jpg)

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

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

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

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

PMT Loan Trust 2026-J1 Page \| 20 December 24, 2025

## Exhibit 99.2

**EXHIBIT 99.2** 

**CLAYTON CONDITIONS REPORT** 

------

**Exhibit 99.2** 

---

| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC - PMTLT 2026-J1 Sec_J16509** |
| **Conditions Report 2.0** |  |
| ***Loans in Report:*** | *129* |
| ***Loans with Conditions:*** | *43* |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**7 - Total Active Conditions** | |
| **7 - Non-Material Conditions** | **7 - Non-Material Conditions** |
| 2 - Credit Review Scope | 2 - Credit Review Scope |
|  | 1 - Category: Income/Employment |
|  | 1 - Category: Terms/Guidelines |
| 5 - Compliance Review Scope | 5 - Compliance Review Scope |
|  | 5 - Category: RESPA |
| &nbsp;&nbsp;&nbsp;**51 - Total Satisfied Conditions** | &nbsp;&nbsp;&nbsp;**51 - Total Satisfied Conditions** |
| 10 - Credit Review Scope | 10 - Credit Review Scope |
|  | 1 - Category: Ability to Repay/Qualified Mortgage |
|  | 4 - Category: Assets |
|  | 3 - Category: Income/Employment |
|  | 2 - Category: Legal Documents |
| 16 - Property Valuations Review Scope | 16 - Property Valuations Review Scope |
|  | 16 - Category: Appraisal |
| 25 - Compliance Review Scope | 25 - Compliance Review Scope |
|  | 2 - Category: Ability to Repay/Qualified Mortgage |
|  | 3 - Category: Documentation |
|  | 2 - Category: Finance Charge Tolerance |
|  | 3 - Category: Right of Rescission |
|  | 15 - Category: TILA/RESPA Integrated Disclosure |
| &nbsp;&nbsp;&nbsp;**0 - Total Waived Conditions** |  |

---

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

------

---

| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC - PMTLT 2026-J1 Sec_J16509** |
| **Conditions Report 2.0** |  |
| ***Loans in Report:*** | *129* |
| ***Loans with Conditions:*** | *43* |

---

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C B | CMPTRID3670 | TRID - Zero<br>tolerance fee<br>or fees<br>increased at or<br>prior to<br>closing<br>without a<br>valid reason<br>or not timely<br>disclosed;<br>refund<br>required<br>within 60<br>days of<br>consummation | No | Zero<br>Tolerance Fee<br>of $25 due to<br>Appraisal<br>Desk review<br>fee increase on<br>CD XXX.<br>Provide a valid<br>Change of<br>Circumstance,<br>or Post Close<br>CD, LOX and<br>copy of refund<br>check to<br>borrower with<br>proof of<br>delivery via<br>tracking<br>method within<br>60 days of<br>consummation. | 11.26.2025 -<br>LOX, Proof<br>of delivery<br>and PCCD<br>received<br>however<br>missing copy<br>of check for<br>$25.12.1.2025<br>- Copy of $25<br>check<br>received. | 11.26.2025 -<br>Exception<br>Remains12.1.2025<br>- Exception<br>Satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 64.44% below program maximum 80.00%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 803 above program requirement 700. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 49 mos. 0x30. |
| &nbsp;&nbsp;&nbsp;38 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Credit | Assets | Satisfied C A | CRDAST3078 | Insufficient #<br>of months<br>cash reserves<br>for PITI per<br>guideline<br>requirements | No | Loan short<br>reserves of<br>$4,175.16.<br>Three mos.<br>PITI reserves<br>of $35,229.12<br>required<br>however post<br>close reserves<br>verify total<br>$31,053.96.<br>Provide two<br>mos.<br>consecutive<br>asset<br>statements<br>dated within<br>tolerance of<br>guidelines to<br>support<br>additional<br>required<br>reserves. Any<br>large deposits<br>must be<br>explained and<br>documented. | 12/17/2025:<br>Received a<br>XXX<br>statement.<br>Reserves<br>requirement is<br>now met. | 12/17/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in this line of work in the past: 18 years. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co-Borrower has been with employer in the past: 6 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrower credit score of 766 exceeds min score requirement of 700. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Consumer credit show 0x30x99. |
| &nbsp;&nbsp;&nbsp;34 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3618 | TRID -<br>Corrected CD<br>should have<br>been<br>provided;<br>Change of<br>Product or<br>Product<br>Feature not<br>disclosed at<br>least 3<br>business days<br>prior to<br>closing | No | Please provide<br>Proof of<br>Receipt for<br>Initial CD<br>dated XXX. | 12.17.2025<br>Initial CD<br>received<br>XXX<br>provided | 12.17.2025 -<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $217,204.18 or 22.30 months of PITI. Required PITI Reserves are $9735.77 X 3 number of months = $29207.31. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 782 fico score. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 35% DTI which is lower than 45%. |
| &nbsp;&nbsp;&nbsp;34 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3626 | TRID - CD:<br>Loan<br>consummated<br>before end of<br>waiting period | No | Please provide<br>Proof of<br>Receipt for<br>Initial CD<br>dated XXX. | 12.17.2025<br>Initial CD<br>received<br>XXX<br>provided | 12.17.2025 -<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $217,204.18 or 22.30 months of PITI. Required PITI Reserves are $9735.77 X 3 number of months = $29207.31. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 782 fico score. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 35% DTI which is lower than 45%. |
| &nbsp;&nbsp;&nbsp;46 | XXXXXX | XXXXXX | SC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR2300 | Missing<br>Second<br>Appraisal<br>required per<br>guidelines | No | Provide 2nd<br>full appraisal<br>required with<br>$XXX loan<br>amount. | 12/3/2025:<br>Received 2nd<br>appraisal at<br>$XXX value. | 12/3/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: 10 years at current job. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: 10 years at current residence. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 763 fico score. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA - Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage rule;<br>the loan file is<br>missing<br>documents to<br>complete the<br>ATR/QM<br>review and<br>render an<br>accurate ATR/<br>QM status. | No | Missing<br>complete<br>income<br>docs. | 12/18/2025:<br>Received<br>2024<br>1120-S. B2<br>is XXX.<br>Only has<br>$16,885<br>net, some<br>pages<br>missing.<br>Income<br>deducted<br>from<br>verified<br>income.<br>DTI is now<br>36.69%,<br>within<br>tolerance of<br>lender's<br>34.46%<br>DTI. | 12/18/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets $547,339.06 or 54.46 months PITI reserves. Required reserves $30,149.79 or 3 months. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: The borrower has been XXX over 29 years. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: The borrower has been XXX over 19 years. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 73.33%. Max 89.99% allowed. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit Score 800. Minimum required 700. |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Income/<br>Employment | Satisfied D A | CRDINC3204 | Income<br>Documentation<br>Missing | No | Missing<br>complete<br>2024<br>1120s<br>and K-1<br>for XXX | 12/18/2025:<br>Received<br>2024<br>1120-S. B2<br>is<br>XXX.Only<br>has<br>$16,885<br>net, some<br>pages<br>missing.<br>Income<br>deducted<br>from<br>verified<br>income.<br>DTI is now<br>36.69%,<br>within<br>tolerance of<br>lender's<br>34.46%<br>DTI. | 12/18/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets $547,339.06 or 54.46 months PITI reserves. Required reserves $30,149.79 or 3 months. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: The borrower has been XXX over 29 years. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: The borrower has been XXX over 19 years. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 73.33%. Max 89.99% allowed. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit Score 800. Minimum required 700. |
| &nbsp;&nbsp;&nbsp;36 | XXXXXX | XXXXXX | NE | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Credit | Income/<br>Employment | Satisfied C A | CRDINC2488 | Verbal<br>verification of<br>employment<br>missing | No | Missing<br>VVOE<br>for<br>borrower<br>1 - can<br>be<br>VVOE<br>or<br>paystub<br>within 15<br>business<br>days of<br>closing<br>(latest in<br>the file is<br>dated<br>XXX.<br>Loan<br>closed<br>XXX),<br>or bank<br>statement<br>showing<br>deposit<br>of check<br>within 15<br>days of<br>closing. | 12/3/2025:<br>Received<br>VVOE<br>dated<br>XXX. | 12/3/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: CLTV is 68%; guidelines allow 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 774 mid score > min required of 720. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI 16.61% is below the guideline maximum of 45%. |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 11 years 1 month. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 772 exceeds guideline of 720. <br>CFCFS2860: Good credit history <br>- Clayton Comments: Good credit history 0x30x142. |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 789 is 89 points above minimum program requirement of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI 23.33% is below the guideline maximum of 50%. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 56.50%; guidelines allow 89.99%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrower has $269263.88/34.76 PITIA which is greater than $23236.44 ($7745.48 x 3) reserves required. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;43 | XXXXXX | XXXXXX | MI | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR275 | Completed<br>"Subject To"<br>w/o<br>Completion<br>Cert in File | No | Completed<br>"Subject To"<br>w/o<br>Completion<br>Cert in File. | 12/17/2025:<br>Received<br>1004D -<br>100%<br>complete. | 12/17/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has 17 Years in Current Profession. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $57,506.09 or 7.35 months of PITIA. Guidelines require 3 months or $7,821.31 X 3 = $23,463.93. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 13 Years at Current Residence. |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX | XXXXXX | NE | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Credit | Income/<br>Employment | Active B | CRDINC2488 | Verbal<br>verification<br>of<br>employment<br>missing | No | Missing<br>Verbal<br>Verification<br>Of<br>Employment<br>dated 10<br>Business Days<br>Prior To<br>Funding.<br>Latest in the<br>file is dated<br>XXX. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Significant time at current residence, 27 years. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 7 years 10 months. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score exceeds guidelines 0X30X309. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Positive mortgage payment history 0X30X84. |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | XXXXXX | PA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3618 | TRID -<br>Corrected<br>CD should<br>have been<br>provided;<br>Change of<br>Product or<br>Product<br>Feature not<br>disclosed at<br>least 3<br>business days<br>prior to<br>closing | No | Please provide<br>initial CD<br>issued and<br>confirmed by<br>borrower 3<br>days prior to<br>consummation<br>date of XXX | 12.17.2025<br>-Esign<br>summary<br>provided<br>initial CD<br>received<br>XXX. | 12.17.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job; 11 years and 5 months. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Significant time at current residence; 8 years and 2 months. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 80.00% LTV below guideline requirements of 89.99% per program. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 36+ months with 0x30 Mortgage payment history exceeds guidelines of 12 months. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO of 776 is 76 points above program guideline minimum of 700. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: 0x30 for 60+ months. |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | XXXXXX | PA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3626 | TRID - CD:<br>Loan<br>consummated<br>before end of<br>waiting<br>period | No | Please provide<br>initial CD<br>issued and<br>confirmed by<br>borrower 3<br>days prior to<br>consummation<br>date of XXX. | 12.17.2025<br>-Esign<br>summary<br>provided<br>initial CD<br>received<br>XXX. | 12.17.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job; 11 years and 5 months. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Significant time at current residence; 8 years and 2 months. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 80.00% LTV below guideline requirements of 89.99% per program. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 36+ months with 0x30 Mortgage payment history exceeds guidelines of 12 months. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO of 776 is 76 points above program guideline minimum of 700. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: 0x30 for 60+ months. |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | XXXXXX | OR | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves exceed 3 months required per guidelines. Post Close Assets are $267,006.68 or 29.71 mths of PITI $8986.47. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 80% LTV below guideline maximum LTV of 89.99%. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 46 consecutive months mortgage/lien payment history exceeds 24 month credit review guidelines. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: Both borrowers have been employed in their current profession for over 10 years, far exceeding the typical employment tenure. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close reserves $351,857.52 exceed required reserves $46,141.83. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: The loan-to-value (LTV) ratio is 51.48%, which is 38.51% below the maximum allowable LTV of 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: The borrowers middle credit score is 786, which is points 66 higher than the benchmark score of 720. |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | No CU or<br>LCA score<br>established.<br>Clayton to<br>order desk<br>review. | 10/27/2025:<br>Received<br>AVM<br>supporting<br>value but<br>has FSD<br>48. Max<br>allowed is<br>13. | 10/27/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 18 yrs 3 mos. B2 5 yrs 6 mos. <br>CFCFS2860: Good credit history <br>- Clayton Comments: 0x30 all tradelines. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $1,724,508.09 or 131.64 months of PITIA. Required PITIA Reserves are $13,100.01 X 6 = $78,600.06. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: 13 yrs 8 mos. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Qualifying score 761 exceeds GL min 700. |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR5355 | Most recent<br>FSD score<br>outside of<br>approved<br>variance | No | 10/27/2025:<br>Exception<br>added after<br>review of<br>trailing docs:<br>AVM<br>received with<br>FSD 48. Max<br>allowed is 13.<br>Clayton to<br>order next<br>level report. | 12/17/2025:<br>Received<br>CDA<br>supporting<br>value. | 12/17/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 18 yrs 3 mos. B2 5 yrs 6 mos. <br>CFCFS2860: Good credit history <br>- Clayton Comments: 0x30 all tradelines. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $1,724,508.09 or 131.64 months of PITIA. Required PITIA Reserves are $13,100.01 X 6 = $78,600.06. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: 13 yrs 8 mos. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Qualifying score 761 exceeds GL min 700. |
| &nbsp;&nbsp;&nbsp;40 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3670 | TRID - Zero<br>tolerance fee<br>or fees<br>increased at or<br>prior to<br>closing<br>without a<br>valid reason<br>or not timely<br>disclosed;<br>refund<br>required<br>within 60<br>days of<br>consummation | No | Need<br>evidence of<br>change of<br>circumstances<br>letter for Zero<br>tolerance,<br>(Discount<br>Points<br>$6296.50)<br>increase, or a<br>copy of a<br>refund check<br>in the amount<br>of $6296.50 | 12.17.25 -<br>COC<br>provided. | 12.17.25 -<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 69.00% LTV below guideline requirements of 89.99% per program. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO of 800 is 100 points above program guideline minimum of 700. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: 0x30 for 60+ months. |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 742 median FICO. Minimum required 700. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been with employer in the past: 24 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrower credit score of 806 exceeds min score requirement of 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $921,683.26 or 78.42 months of PITIA. |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has 8 years & 9 months at current job. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower mortgage payment 0x30x51. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 48 points above guideline minimum of 700. |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C B | CMPTRID3670 | TRID - Zero<br>tolerance fee<br>or fees<br>increased at or<br>prior to<br>closing<br>without a<br>valid reason<br>or not timely<br>disclosed;<br>refund<br>required<br>within 60<br>days of<br>consummation | No | Zero<br>Tolerance<br>Fee of<br>$165.00 due<br>to addition of<br>Appraisal<br>Review Fee<br>on LE XXX.<br>Missing a<br>valid Change<br>of<br>Circumstance<br>for each<br>increase, or<br>Post Close<br>CD, LOX<br>and copy of<br>refund check<br>to borrower. | 12.17.2025<br>-Cure<br>Provided. | 12.17.2025<br>-<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has 8 years & 9 months at current job. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower mortgage payment 0x30x51. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 48 points above guideline minimum of 700. |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX | DC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2860: Good credit history <br>- Clayton Comments: Borrower has no history of late payments. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Reserves Required 18 months, Borrower Reserves 34.66 months. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Max LTV 80%, current LTV 56.47%. |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | (No Data) |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A C | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA—Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage rule;<br>the loan file is<br>missing<br>documents to<br>complete the<br>ATR/QM<br>review and<br>render an<br>accurate ATR/<br>QM status. | No | Missing<br>documentation<br>supporting<br>Borrower<br>XXX/XXX<br>income in the<br>monthly<br>amount of<br>$7152.63. | 12/17/2025:<br>Received XXX<br>Acct verifying<br>$7,152.63/month<br>asset depletion<br>over 84 months. | 12/17/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves exceed 3 months required per guidelines. Post Close Assets are $1,414,349.68 or 192.59 mths of PITI $7343.79. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 51.33% LTV below maximum allowed of 89.99% per guidelines. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 735 Median Credit Score exceeds minimum required score of 700 per guidelines. |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A C | Credit | Income/<br>Employment | Satisfied C A | CRDINC888 | Income<br>Amount is<br>Unsupported<br>by<br>Documentation<br>in File | No | Missing<br>documentation<br>supporting<br>Borrower<br>XXX/XXX<br>income in the<br>monthly<br>amount of<br>$7152.63. | 12/17/2025:<br>Received XXX<br>Acct verifying<br>$7,152.63/month<br>asset depletion<br>over 84 months. | 12/17/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves exceed 3 months required per guidelines. Post Close Assets are $1,414,349.68 or 192.59 mths of PITI $7343.79. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 51.33% LTV below maximum allowed of 89.99% per guidelines. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 735 Median Credit Score exceeds minimum required score of 700 per guidelines. |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: B1 has occupied the primary residence for 7 years 9 months. B2 has occupied his primary residence for 6 years 6 months. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post-Closing Assets: $814,269.61—$34,529.46 required reserves = $779,740.15/$11,509.07 PITI = 67.75 additional months reserves on subject. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B2 has been XXX for 6 years. |
| &nbsp;&nbsp;&nbsp;41 | XXXXXX | XXXXXX | WI | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has 13 Years in Current Profession. <br>CFCFS2860: Good credit history <br>- Clayton Comments: Borrower Has history of good credit with 0 Late Payments > 24 Months. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: High Credit 785 Guidelines allow 720. |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | XXXXXX | KS | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Credit | Assets | Satisfied C A | CRDAST115 | Cash reserves<br>do not meet<br>guidelines | No | Post Close<br>Assets are<br>$40,006.25 or<br>5.06 months<br>of PITIA. Six<br>months<br>reserves<br>required:<br>$7,904.58 X 6<br>= $47,427.48.<br>Reserves are<br>short<br>$7,421.23. | 12/17/2025:<br>Received<br>8.18.2025<br>overlays—shows<br>3 months<br>reserves<br>required. | 12/17/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in this line of work in the past: 30 years. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been with employer in the past: 8 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrower credit score of 751 exceeds min score requirement of 700. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 16.5 years <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 0x30x82 mortgage payment history <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 51.32% LTV; 89.99% maximum LTV |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 780 is 60 points above minimum program requirement of 720. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI 45.14% is below the guideline minimum of 50%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $521848.56 or 31.20 months of PITI.Required PITI Reserves are $16722.03 X 18 = $300,996.54 |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | XXXXXX | SC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 816 qualifying credit score per CBR. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: 113 months of 0x30 consumer credit history per CBR; 24 months required. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 56 months of 0x30 mortgage history per CBR, 12 months required. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $509,413.39 in post closing reserves. DU requires higher reserves of $46,083. |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Assets | Satisfied D A | CRDAST2670 | Asset<br>documentation<br>is insufficient<br>per guideline<br>requirements | No | Missing<br>evidence<br>of<br>withdrawal<br>from<br>donor<br>account<br>for the<br>gifts of<br>$300,000<br>and<br>$100,000. | 12/17/2025:<br>Received<br>evidence of<br>gift<br>transfer. | 12/17/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS2860: Good credit history <br>- Clayton Comments: Borrower has 0x30 for 191 months. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets $452,105.35 (33.97 months PITIA reserves) > min reserves required of 3 months PITIA. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 69.99%; guidelines allow 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score 784 is 64 points above minimum program requirement of 720. |
| &nbsp;&nbsp;&nbsp;88 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU score<br>5.0.<br>Clayton to<br>order<br>AVM. | 12.22.2025:<br>AVM<br>provided<br>supports<br>appraised<br>value | 12.22.2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrower credit score of 775 exceeds min score requirement of 700. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Co-Borrower has been in this line of work in the past: 9 years. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $402,938.79 or 53.91 months of PITI. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;98 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median Fico Score 750 > 10 points of minimum guideline requirements of 740. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 79.885% LTV for Subject Property is below guideline max LTV of 84.99% <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 27.09% verified. Max allowed 45%. |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: 7 years and 0 months at current profession. |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 773 is 53 points above minimum program requirement of 720. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 75%; guidelines allow 89.99%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrower has $91462.31/9.79 PITIA which is > guideline minimum of $28012.86 ($9337.62 \* 3) |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | XXXXXX | IL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median Fico Score 774 > 54 points of minimum guideline requirements of 720. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 24.89% is above the minimum program requirements of 45% <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 80% LTV for Subject Property is below guideline max LTV of 89.99% |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 70.00% below program maximum 89.99%. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 34 mos. 0x30. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close reserves $496,070.84 exceed required reserves $20,671.53. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A B | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied B A | CMPTRID5293 | TRID Not all<br>required<br>seller-paid<br>fees were<br>disclosed on<br>the CD | No | Not all<br>required<br>seller-paid<br>fees were<br>disclosed on<br>the final CD.<br>Seller's CD in<br>file and able<br>to trace all<br>fees,<br>exception is<br>satisfied. | (No Data) | (No Data) | Numeric | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrower has $242,951.14 or 17.24 months PITIA which is > guideline minimum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 755 is 35 points above minimum program requirement of 720. |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A B | Credit | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied C A | CRDATRQM3124 | TILA—Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; Lender<br>did not<br>provide an<br>ATR/QM<br>status<br>determination. | No | Provide<br>Lender's QM<br>determination. | 12/17/2025:<br>Received Safe<br>Harbor<br>determination. | 12/17/2025:<br>Exception<br>satisfied. | (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrower has $242,951.14 or 17.24 months PITIA which is > guideline minimum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 755 is 35 points above minimum program requirement of 720. |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | XXXXXX | IL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative score of 785 exceeds guidelines. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $297,295.22 or 25.54 months PITI reserve exceed three months reserves required per overlays. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 34.58 is below guideline requirement max of 45. |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 58.20% is < max. allowable per guides of 89.99% <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: 21.9 years current job time <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: 37.7 years current job time |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Missing<br>updated<br>valuation. CU<br>score >2.5.<br>Clayton to<br>order AVM. | 12/18/2025:<br>Received<br>AVM<br>supporting<br>value. | 12/18/2025:<br>Exception<br>satisfied. | (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $539,687.33 (43.59 months PITIA reserves) > min required reserves of 3 months PITIA. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Mortgage payment history is good with no lates or derogatory events. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score is 757/ minimum is 720. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/Seller<br>Response Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3626 | TRID—CD:<br>Loan<br>consummated<br>before end of<br>waiting<br>period | No | Need proof<br>Final LE<br>dated XXX<br>was received<br>by borrower 1<br>day before the<br>Initial CD<br>dated XXX | 12.17.2025—Evidence<br>Final LE was received<br>XXX provided. | 12.17.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Verified 80% LTV. Max allowed 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 737 median FICO. Minimum required 700. |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU/LCA<br>score is >2.5.<br>Clayton to<br>order AVM. | 12/18/2025: Received<br>AVM supporting<br>value. | 12/18/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: The borrowers have total cash asset reserves of $445,398.73, which is equivalent to 62.54 months of PITIA reserves. Calculation: $445,398.73 $7,121.46 = 62.54 months of PITIA. Cash reserves exceed 3 months of PITIA. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: The borrower has been employed with his current employer for over 15 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: The borrowers lower middle credit score is 781, which is points 81 higher than the benchmark score of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: The borrowers have a Debt to income back ratio of 33.28% which is 18.58% lower than the max debt to income ratio of 50.00%. |
| &nbsp;&nbsp;&nbsp;58 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3626 | TRID—CD:<br>Loan<br>consummated<br>before end of<br>waiting<br>period | No | Need proof<br>initial CD was<br>received by<br>borrower 3<br>days before<br>consummation<br>date of<br>XXX.Initial<br>CD was<br>esigned by the<br>borrowers on<br>XXX, 2 days<br>before the<br>closing date of<br>XXX. | 12.17.25 - Esign<br>summary provided<br>intiial CD received<br>XXX. | 12.17.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $312,282.04 or 8.3 months of PITI. Required PITI Reserves are $12,507.46 X 3 = $37,522.38; reserves are > guideline minimum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 80%; guidelines allow 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 807 is 107 points above minimum program requirement of 700. |
| &nbsp;&nbsp;&nbsp;23 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU score 3.1.<br>Clayton to<br>order a AVM. | 12.22.2025: AVM<br>provided supports<br>appraised value | 12.22.2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of785 is above the required 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 67.934 is below the maximum allowable of 80 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Reserves: $122430.87 or 18.95 months of PITI. 3 months required. |
| &nbsp;&nbsp;&nbsp;99 | XXXXXX | XXXXXX | AR | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Missing third<br>party<br>valuation<br>product. CU<br>score is >2.5.<br>Clayton to<br>order AVM. | 12.22.2025: AVM<br>provided supports<br>appraised value | 12.22.2025:<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of757 is above the required 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80 is below the maximum allowable of 89.99 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Reserves: $468200.95 or 52.56 months of PITI. 3 months required. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU score<br>4.5. Clayton<br>to order<br>AVM | 12.22.2025:<br>AVM<br>provided<br>does<br>supports<br>appraised<br>value | 12.22.2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 42.55%/ max 80% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score is 789/ minimum is 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Available assets are $1,484,170.12 Required funds to close are $1,335,151.68; remaining reserves $149,018.44 or 19 months PITI |
| &nbsp;&nbsp;&nbsp;55 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3626 | TRID - CD:<br>Loan<br>consummated<br>before end of<br>waiting<br>period | No | Need proof<br>Final LE<br>XXX-2,<br>electronically<br>signed on<br>XXX, was<br>received by<br>borrower, 1<br>day before<br>Initial CD<br>dated XXX. | 12.17.2025<br>- Evidence<br>final LE<br>received<br>XXX<br>provided. | 12.17.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been XXX for over 16 years. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 75%; guidelines allow 89.99%. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrowers have32 months mortgage payment history 0x30. |
| &nbsp;&nbsp;&nbsp;50 | XXXXXX | XXXXXX | OR | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU/LCA<br>score is >2.5.<br>Clayton to<br>order AVM. | 12.22.2025:<br>AVM<br>provided<br>supports<br>appraised<br>value | 12.22.2025:<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 in profession for 16 years. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: 8 years at current job. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 808 fico score. |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | XXXXXX | SC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | LCA<br>(4) score is<br>>2.5.<br>Clayton to<br>order AVM | 12.22.2025:<br>AVM<br>provided<br>supports<br>appraised<br>value | 12.22.2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years <br>- Clayton Comments: Mortgage history reflects 0 x 30 for the past 99 months. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $3,819,010.27 or 403.85 months of PITIA. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in this line of work in the past: 10 years. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been with employer in the past: 36 years. |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Provide<br>Affiliate<br>Business<br>Disclosure | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | (No Data) |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/QM<br>Status** | **Loan Level<br>ATR/QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub Category** | **Condition<br>Status** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | XXXXXX | CA | QM: Safe<br>Harbor<br>(APOR) | QM: Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 120 points above guideline minimum of 700 <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower mortgage payment 0x30x54 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrower's has 25 months of PITIA reserves more than the 3 months of required reserves. |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | XXXXXX | GA | QM:<br>Rebuttable<br>Presumption<br>(APOR) | QM:<br>Rebuttable<br>Presumption<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $115,344.90 (11.60 months PITIA reserves) > min required reserves of 3 months PITIA. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 5 Years and 0 months at current residence. <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: 5 Years and 0 months at current residence. |
| &nbsp;&nbsp;&nbsp;15 | XXXXXX | XXXXXX | AZ | QM: Safe<br>Harbor<br>(APOR) | QM: Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 & B2 have been in their profession for 21 years <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: The HCLTV is 57.56% and guidelines allow the HCLTV to be 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post-Closing Assets: $338,802.46/$12,797.36 PITI = 26.47-months reserves. Three months reserves required. |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | XXXXXX | TX | QM: Safe<br>Harbor<br>(APOR) | QM: Safe<br>Harbor<br>(APOR) D A | Compliance | Documentation | Satisfied D A | CMPDOC3274 | Mortgage/<br>Deed in<br>file is<br>incomplete | No | Mortgage/<br>Deed in file<br>is<br>incomplete.<br>All pages of<br>the<br>mortgage<br>are not<br>present.<br>Missing<br>pages 6 and<br>7. | 12/23/2025:<br>Received<br>all pages/<br>Rider of<br>Mortgage. | 12/23/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 32 years 5 months. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 70.92% is below guideline maximum of 95% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves of $92,031.65 exceed guidelines of $0. |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | XXXXXX | TX | QM: Safe<br>Harbor<br>(APOR) | QM: Safe<br>Harbor<br>(APOR) D A | Compliance | Right of<br>Rescission | Satisfied D A | CMPROR5345 | ROR -<br>Missing or<br>Incomplete<br>Right of<br>Rescission<br>form | No | ROR -<br>Missing or<br>Incomplete<br>Right of<br>Rescission<br>form OR<br>provide<br>verification<br>lien paid off<br>was a<br>Construction<br>loan. | 12/23/2025:<br>Received<br>verification<br>Const/<br>Perm. No<br>ROR | 12/23/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 32 years 5 months. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 70.92% is below guideline maximum of 95% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves of $92,031.65 exceed guidelines of $0. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Legal<br>Documents | Satisfied D A | CRDLGL2864 | Copy of<br>Mortgage/<br>Deed in<br>file is<br>incomplete | No | Copy of<br>Mortgage/<br>Deed in file<br>is incomplete | 12/23/2025:<br>Received<br>all pages/<br>Rider of<br>Mortgage. | 12/23/2025:<br>Exception<br>satisfied. | (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 32 years 5 months. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 70.92% is below guideline maximum of 95% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves of $92,031.65 exceed guidelines of $0. |
| &nbsp;&nbsp;&nbsp;84 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has 19 years at current job <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrower's has 60 months of PITIA reserves more than the 18 months of required reserves. |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied A | CMPTRID5293 | TRID Not<br>all<br>required<br>seller-paid<br>fees were<br>disclosed<br>on the CD | No | Seller fees<br>listed on<br>Seller CD<br>but not<br>Borrower<br>final CD. As<br>the fees are<br>at least<br>reflected<br>there is no<br>material<br>issue. This<br>Condition is<br>informational<br>per Clayton<br>Compliance<br>department<br>and TRID<br>2.0 revisions.<br>Condition<br>satisfied.<br>Final Grade<br>A. | (No Data) | (No Data) | Numeric | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $98,792.75 or 11.58 months PITI. Three months reserves required. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Verified 57.98% LTV. Max allowed 89.99%. |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 746 is 26 points above minimum program requirement of 720. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 80%; guidelines allow 89.99%. <br>CFCFS2860: Good credit history <br>- Clayton Comments: Borrowers has 0x30 for 190 months. |
| &nbsp;&nbsp;&nbsp;30 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing $694,525.98 <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 814 rep score <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 80%; Max is 89.99% |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;8 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 70.00% below program maximum 80.00%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close reserves $13,205,525.67 exceeds required reserves $447,787.88. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has 6 years 5 months at current job. |
| &nbsp;&nbsp;&nbsp;62 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Legal<br>Documents | Satisfied D A | CRDLGL225 | Missing<br>Rider | No | Missing<br>Second<br>Home Rider<br>to the<br>Mortgage | 12/5/2025:<br>Received<br>DOT and<br>both PUD<br>and 2nd<br>Home<br>Riders. | 12/5/2025:<br>Exception<br>satisfied. | (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: The borrower has worked for the same employer for 14 years. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Loan LTV of 48.72% is less than the maximum LTV of 80% |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | XXXXXX | MO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>Affiliate<br>Business<br>Disclosure. | (No Data) | (No Data) | (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 771 mid score exceeds minimum required of 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $3,335,408.46 or 319.41 months of PITIA. Required PITI Reserves are $10,442.29 X 3 months = $31,326.87 <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage payment history 0 X 30 over 70 months <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in the same line of work for 26 years |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | XXXXXX | MO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied A | CMPTRID5293 | TRID Not<br>all<br>required<br>seller-paid<br>fees were<br>disclosed<br>on the CD | No | Seller fees<br>listed on<br>Seller CD<br>but not<br>Borrower<br>final CD. As<br>the fees are<br>at least<br>reflected<br>there is no<br>material<br>issue. This<br>Condition is<br>informational<br>per Clayton<br>Compliance<br>department<br>and TRID<br>2.0 revisions.<br>Condition<br>satisfied.<br>Final Grade<br>A. | (No Data) | (No Data) | Numeric | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 771 mid score exceeds minimum required of 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $3,335,408.46 or 319.41 months of PITIA. Required PITI Reserves are $10,442.29 X 3 months = $31,326.87 <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage payment history 0 X 30 over 70 months <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in the same line of work for 26 years |
| &nbsp;&nbsp;&nbsp;6 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI 25.15% is below the guideline minimum of 45%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score 795 is 75 points above minimum program requirement of 720. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Borrower has 0x30 for 292 months. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub Category** | **Condition<br>Status** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | Documentation | Satisfied D A | CMPDOC5551 | Missing<br>sufficient<br>documentation<br>to determine<br>the QM Fee<br>limit, QM<br>APR and/or<br>TIL/State<br>Higher-Priced<br>APR or State<br>regulation fee<br>tests | No | Missing<br>final<br>CD (No<br>Data) | Hybrid | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing $90,429.01 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 79.91%; Max is 90% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 755 rep score |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | Documentation | Satisfied D A | CMPDOC5553 | Missing<br>sufficient<br>documentation<br>to determine<br>High Cost<br>Fees and APR<br>Limits | No | Missing<br>final<br>CD (No<br>Data) | Hybrid | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing $90,429.01 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 79.91%; Max is 90% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 755 rep score |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | Finance<br>Charge<br>Tolerance | Satisfied C B | CMPFINT106 | Finance<br>charge<br>understated by<br>more than<br>$100 (Pmt<br>Stream) | No | (No<br>Data) | (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing $90,429.01 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 79.91%; Max is 90% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 755 rep score |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | Finance<br>Charge<br>Tolerance | Satisfied C B | CMPFINT4372 | TILA/TRID-<br>Disclosed<br>Amount<br>Financed is<br>higher than<br>Clayton's<br>calculated<br>Amount<br>Financed | No | (No<br>Data) | Numeric | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing $90,429.01 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 79.91%; Max is 90% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 755 rep score |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | TILA/RESPA<br>Integrated<br>Disclosure | Satisfied C B | CMPTRID3961 | TRID - CD:<br>The amount of<br>the periodic<br>escrow<br>payment in the<br>Projected<br>Payments<br>section does<br>not equal the<br>periodic<br>escrow<br>payment<br>disclosed in<br>the Loan<br>Disclosures<br>section | No | (No<br>Data) | Numeric | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing $90,429.01 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV is 79.91%; Max is 90% <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 755 rep score |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;70 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Assets | Satisfied D A | CRDAST2670 | Asset<br>documentation<br>is insufficient<br>per guideline<br>requirements | No | Missing<br>proof of<br>receipt of<br>gift of<br>$20,000.00.<br>Gift letter in<br>file however<br>proof of<br>receipt of<br>gift not<br>located in<br>file. | 12/17/2025:<br>Received<br>receipt for<br>Gift to<br>Title. | 12/17/2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS2860: Good credit history <br>- Clayton Comments: Borrower has an excellent credit payment history with 99 months reviewed reporting 0 late payments. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 767 FICO score. Minimum required 620. |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower is employed with the same company for 19 years,2 months <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 69.66% is below 89.99% the maximum allowable per lender guidelines <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 36.07% is below 50.00% the maximum allowable per lender guidelines <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 751 exceeds 700 the minimum required per lender guidelines <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves in the amount of $166,535.86 exceeds $0.00 the minimum amount required per lender guidelines |
| &nbsp;&nbsp;&nbsp;71 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets $1,103,185.15 (110.84 months PITIA reserves) > min required reserves of $9,952.86 (PITIA) x 3 months = $29,858.58 <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 782 mid score > min required of 700 <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: 11 years and 0 months at current profession. |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Credit | Terms/<br>Guidelines | Active B | CRDTER2548 | Missing AUS<br>or AUS errors<br>present | No | AUS<br>provided<br>dated XXX<br>shows cash<br>back to<br>borrower of<br>$834,544.48.<br>R/T Refi.<br>Provide final<br>AUS run<br>showing no<br>cash back to<br>borrower.<br>Per final CD<br>dated XXX,<br>borrowers<br>required<br>cash to close<br>=<br>$25,386.21. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 has 18 years in same line of work/profession <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 788 FICO score > min. required of 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 58.11% < max allowable per guides of 89.99% |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 74.46% below program maximum 89.99%. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 has 17 years in same line of work. B1 has 15 years in same line of work. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close reserves $5,692,134.48 exceeds required reserves $32,505.15. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Missing<br>Updated<br>Valuation:<br>CU/LCA<br>score is<br>>2.5.<br>Clayton to<br>order<br>AVM | 12.22.2025:<br>AVM<br>provided<br>supports<br>appraised<br>value | 12.22.2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has 13 years & 6 months at current job <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has 20 years & 5 months at current job <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower mortgage payment 0x30x99 <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 52 points above guideline minimum of 700 <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Borrower DTI is 10 points below guideline maximum. |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 72.43% below program maximum 89.99%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close reserves $211,321.15 exceed required reserves $31,525.44. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 782 above program requirement 700. |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | XXXXXX | MN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Verified 63.33% LTV. Max allowed 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 773 median FICO. Minimum required 720. |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has 5 years & 10 months at current job <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has 5 years & 10 months at current job <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower mortgage payment 0x30x70 <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Borrower DTI is 25 points below guideline maximum. |
| &nbsp;&nbsp;&nbsp;3 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 75 points above guideline minimum of 700 <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Borrower DTI is 6 points below guideline maximum. |

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| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: 5.4 years living at primary residence. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has worked for XXX for 5.5 years. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: B2 has worked in the XXX field for 15 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 772 qualifying credit score per CBR; 700 minimum required. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: 311 months of 0x30 consumer credit history per CBR. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 62 months of 0x30 prior mortgage history per CBR. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: 10.63 months of reserves in file; 3 months required. |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | ID | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 766 above program requirement 720. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 70.00% below program maximum 80.00%. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has 27 years in same line of work. |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 48.17% is below Guidelines 50% maximum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 56.12% is below Guidelines 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 764 exceeds Guidelines 700 minimum. |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: The borrowers have occupied the departing residence for 18 years. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has been with the employer for 12 years 5 months. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: B2 has been XXX for 6 years 1 month. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: The HCLTV is 80% and guidelines allow the HCLTV to be 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post-Closing Assets: $68,971.90 - $34,598.49 required reserves = $34,373.41/$11,532.83 PITIA = 2.98 additional months reserves. |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 48.81% is below 50% Guidelines maximum. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80% is below Guidelines 89.99% maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 792 exceeds Guidelines 720 minimum. |

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| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: FICO: Credit score of 723 is 23 points above minimum program requirement of 700. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrowers have28 months mortgage payment history 0x30. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $185,157.98 in post closing reserves or 19.75 months PITI. 3 months reserves required: $9,374.50 x 3 = $28,123.50 |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 54 points above guideline minimum of 700 <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Borrower DTI is 22 points below guideline maximum. |
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 65.27 is below guideline requirement max of 89.99%. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $3,253,111.62 or 402.40 months PITI reserve exceed AUS required reserves of three months. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative score of 789 exceeds guideline requirement of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 20.17 is below guideline requirement max of 45. |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage Payment history 0 X 30 over 15 months <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Primary borrower has been in the same line of work for 22 years <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 798 exceeds minimum required of 700 |
| &nbsp;&nbsp;&nbsp;24 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 779 is 59 points above minimum program requirement of 720. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified $3,136,123.25 in post closing reserves or 186.57 months PITI. $16,809.32 X 18 months reserves required = $302,567.76 <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrowers have82 months mortgage payment history 0x30. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 5 years 7 months. <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co-Borrower has significant time at current job, 20 years 2 months. <br>CFCFS2860: Good credit history <br>- Clayton Comments: Good credit history 0X30X131. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves of $190,520.41exceed guidelines of $0. |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | Right of<br>Rescission | Satisfied B | CMPROR2043 | Cannot<br>determine if<br>funding date<br>is after<br>rescission<br>period | No | Missing Right<br>of Rescission. | 12.17.2025<br>-ROR<br>received. | 12.17.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: The borrower has total cash asset reserves of $317,744.11, which is equivalent to 20.27 months of PITIA reserves. Calculation: $317,744.11 $15,672.43 = 20.27 months of PITIA. Cash reserves exceed 6 months of PITIA. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: The loan-to-value (LTV) ratio is 57.74%, which is 32.25% below the maximum allowable LTV of 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: The borrower middle credit score is 760, which is points 40 higher than the benchmark score of 720. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: The borrower has a Debt to income back ratio of 31.42% which is 18.58% lower than the max debt to income ratio of 50.00%. |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | Right of<br>Rescission | Satisfied D A | CMPROR5345 | ROR -<br>Missing or<br>Incomplete<br>Right of<br>Rescission<br>form | No | Missing Right<br>of Rescission. | 12.17.2025<br>-ROR<br>received. | 12.17.2025<br>-<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: The borrower has total cash asset reserves of $317,744.11, which is equivalent to 20.27 months of PITIA reserves. Calculation: $317,744.11 $15,672.43 = 20.27 months of PITIA. Cash reserves exceed 6 months of PITIA. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: The loan-to-value (LTV) ratio is 57.74%, which is 32.25% below the maximum allowable LTV of 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: The borrower middle credit score is 760, which is points 40 higher than the benchmark score of 720. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: The borrower has a Debt to income back ratio of 31.42% which is 18.58% lower than the max debt to income ratio of 50.00%. |
| &nbsp;&nbsp;&nbsp;108 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: The borrower occupied the departing residence for 18 years. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: The borrower has been XXX for 25 years 5 months. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post-Closing Assets: $786,252.42 - $40,496.19 required reserves = $745,756.23/$13,498.73 PITI = 55.25-months additional reserves. |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3626 | TRID - CD:<br>Loan<br>consummated<br>before end of<br>waiting<br>period | No | Need proof<br>initial CD was<br>received by<br>borrower 3<br>days before<br>consummation<br>date of XXX | 12.17.2025<br>- Evidence<br>Initial CD<br>received<br>XXX<br>provided. | 12.17.2025<br>-Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: The borrower have been employed in their current profession for over 15 years, which is significantly longer than the typical employment duration. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets $2,320,249.01 or 368.98 months PITIA. Required reserves $6,288.36 \* 3 months = $18,865.08. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: The loan-to-value (LTV) ratio is 65.00%, which is 15.00% below the maximum allowable LTV of 80.00%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: The borrower middle credit score is 824, which is points 124 higher than the benchmark score of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: The borrower has a Debt to income back ratio of 35.78% which is 14.22% lower than the max debt to income ratio of 50.00%. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 80% is below Guidelines 89.99% maximum. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: cash reserves of $389,044.88 exceed required of $27,722.73. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 784 exceeds Guidelines 700 minimum. |
| &nbsp;&nbsp;&nbsp;19 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score 784/ minimum credit score is 700 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 74.39%/ Maximum LTV is 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: PITIA reserves above minimum by 6 months or higher |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: 10.6 years employed with XXX. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 66.97% LTV per review; 89.99% LTV is maximum allowed per guidelines. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 783 qualifying credit score per CBR. 700 minimum required. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: 185 months of 0x30 consumer credit history per CBR. 24 months required. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 184 months of 0x30 mortgage history per CBR. 12 months required. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: 29.75 months of reserves in file. 3 months required. |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Borrower DTI is 17 points below guideline maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 92 points above guideline minimum of 700 |
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage Payment history 0 X 30 over 13 months <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 779 mid score exceeds minimum required of 700 <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in the same line of work for 22 years |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in this line of work in the past: 23 years <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Co-Borrower has been with employer in the past: 21 years. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $337,164.15 or 47.46 months of PITIA. |
| &nbsp;&nbsp;&nbsp;72 | XXXXXX | XXXXXX | ME | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS5269: Minimal use of credit <br>- Clayton Comments: Borrower is using only 12% of available credit <br>CFCFS2860: Good credit history <br>- Clayton Comments: Borrower has not history of late payments <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 12 month payment history required, 99 months payment reported |
| &nbsp;&nbsp;&nbsp;110 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Significant time at current residence, 15 years. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been XXX for 16 years 8 months. |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 75% LTV; 89.99% maximum LTV <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Significant time in profession, 10 years. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: 0x30x35 Mortgage payment history <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has owned the departing primary residence 8.17 years |
| &nbsp;&nbsp;&nbsp;64 | XXXXXX | XXXXXX | AL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close assets are $988,686.23 or 124 months PITIA. Required reserves are 3 X $7,958.80 = $23,876.40 <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 74.32% is below LTV 89.99% <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI 12.02% is below DTI 45% |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | XXXXXX | MT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has been with the employer for 12 years 1 month. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: The HCLTV is 44.63% and guidelines allow the HCLTV to be 89.99% <br>CFCFS1749: Additional documented income not used in qualifying <br>- Clayton Comments: B1: Bonus Income: $20,250.00 YTD/12 months = $1,687.50. However, this income was not used to qualify for the mortgage. B2: Bonus Income: $3,500.00 YTD/12 = $291.67. However, this income was not used to qualify for the mortgage. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post-Closing assets: $86,923.45 - $26,056.89 required reserves = $60,866.56/$8,685.63 PITIA = 7.01-months additional reserves. |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job; 14 years and 7 months <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 80.00% LTV below guideline requirements of 89.99% per program. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO of 809 is 189 points above program guideline minimum of 700 <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: 30.52% DTI is below guideline requirement of 45.00%. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: 0x30 for 60+ months |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | XXXXXX | MD | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | (No Data) |
| &nbsp;&nbsp;&nbsp;111 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>Affiliate<br>Business<br>Disclosure (No<br>Data) | Not<br>Applicable | CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Credit report with a mortgage rating of 0x30x35. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Total assets verified $451,123.63. CTC $275,596.12 leaves reserves of $175,527.51 or mos 21.48 PITI. Reserves required 3 mos PITI. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 780 FICO score. Minimum required 700. |
| &nbsp;&nbsp;&nbsp;25 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 782 exceed Guidelines 720 minimum. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Cash reserves of $72,522.47 exceed required of $35,161.74. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;31 | XXXXXX | XXXXXX | ID | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 64.94% is below max LTV of 89.99%. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Verified 808 FICO score. Minimum required 700. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Total assets verified $1,637,941.51. CTC $368,261.25 leaves reserves of $1,269,680.26 or 198.73 mos. Reserves required 3 mos. |
| &nbsp;&nbsp;&nbsp;85 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $3,412,165.43 or 400.12 months of PITI. Required PITIA Reserves are $8,527.84 X 3 months = $25,583.52 <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrowers have been at current residence for 11 years <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Primary borrower has been in the same line of work for 8 years <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Mid score of 761 exceeds minimum required of 700. |
| &nbsp;&nbsp;&nbsp;27 | XXXXXX | XXXXXX | RI | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 807 above program requirement 740. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has 21 years 11 months in same line of work. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 60.00% below program maximum 75.00%. |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | XXXXXX | MN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $155,502.80 or 18.64 months of PITI. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrower credit score of 760 exceeds min score requirement of 700. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Co-Borrower has lived at current residence for the past: 9 years. |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: Qualifying LTV 75.00% below program maximum 89.99%. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 49 mos. 0x30. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close reserves $463,607.96 exceed required reserves $35,032.68. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;20 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Cash reserves of $228,445.07 exceed required of $20,641.95. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 67.39% is below Guidelines 89.99% maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 799 exceed Guidelines 700 minimum. |
| &nbsp;&nbsp;&nbsp;22 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $906,239.34 or 91.11 months of PITI. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in this line of work in the past: 8 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrower credit score of 788 exceeds min score requirement of 700. |
| &nbsp;&nbsp;&nbsp;116 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit core of 783 exceeds minimum required of 700 <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Borrower has been in the same line of work for 8 years <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has been at current residence for 5 years <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage payment history 0 X 30 over 25 months |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession <br>- Clayton Comments: B1 has significant time in profession, 38 years <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 781 credit score; 700 minimum FICO <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Significant time owned the current primary residence, 11 years |
| &nbsp;&nbsp;&nbsp;28 | XXXXXX | XXXXXX | CT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU score<br>is >2.5.<br>Clayton to<br>order<br>AVM | 12.22.2025:<br>AVM<br>provided<br>supports<br>appraised<br>value | 12.22.2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV of 71.60% is below 89.99% Guidelines maximum. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 793 exceeds 700 Guidelines minimum. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Cash reserves of $56,799.83 exceed $24,941.88 required. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Missing<br>updated<br>valuation.<br>CU score<br>> 2.5.<br>Clayton<br>to order<br>AVM | 12.22.2025:<br>AVM<br>provided<br>supports<br>appraised<br>value | 12.22.2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 34 years and 10 months at current residence <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 85 points above guideline minimum of 700 <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower mortgage payment 0x30x99 |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: 11 years 1 month. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 8 years 9 months. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Positive mortgage payment history 0X30X41 <br>CFCFS2860: Good credit history <br>- Clayton Comments: Good credit history 0X30X181. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves $1,935,966.05. Required reserves $26,047.90. |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 16 years 3 months. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified cash reserves of $560,838.06 exceed guidelines of $0. <br>CFCFS2860: Good credit history <br>- Clayton Comments: Good credit history 0x30x101. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score of 794 exceeds guideline of 700. |
| &nbsp;&nbsp;&nbsp;7 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median Fico Score 782 > 62 points of minimum guideline requirements of 720. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has significant time at current job, 4 years and 4 months. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 60.21% LTV for Subject Property is below guideline max LTV of 89.99% <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 36.88% is above the minimum program requirements of 45% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: 107.63 months of reserves exceeds guideline requirements of 3 months. |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | XXXXXX | MT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative score of 790 exceeds guidelines. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Verified reserves of $100,379.76 or 14.48 months PITI reserve three months required per overlays. |

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| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;65 | XXXXXX | XXXXXX | NY | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close assets $103,761.63 or 8.20 PITIA <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: LTV 80; guidelines allow 89.99 |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close reserves $124,585.92 exceed required reserves $20,706.63. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 17 mos. 0x30, 45 mos. 0x30 and 23 mos. 0x30. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Representative credit score 786 above program requirement 700. |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: B1 has 20 years & 11 months at current job <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 19 years at current residence <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 63 points above guideline minimum of 720 <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrower mortgage payment 0x30x61 <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Borrower DTI is 20 points below guideline maximum. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrower's has 20 months of PITIA reserves more than the 3 months of required reserves. |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has 5 years & 3 months at current residence <br>CFCFS1735: Co-Borrower has significant time at current job <br>- Clayton Comments: Borrower has 9 years & 2 months at current job <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median FICO 70 points above guideline minimum of 720 <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: Borrower DTI is 8 points below guideline maximum. |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (No Data) |

---

------

---

| | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition<br>Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID<br>Error<br>Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | XXXXXX | RI | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post closing assets: $1,164,270.97 (180 months PITIA reserves) > min required reserves of $19,404.18 (3 months PITIA per Investor requirement) <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: 0x30 x229 months (via consecutive payment histories) <br>CFCFS1736: Significant time at current residence <br>- Clayton Comments: Borrower has occupied primary residence for 10 years <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been with current employer for 15 years. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 804 mid score > min required of 700 |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median Fico Score 815 > 115 points of minimum guideline requirements of 700. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 78.788% LTV for Subject Property is below guideline max LTV of 89.99% <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 46.06% is above the minimum program requirements of 50% |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Borrower credit score of 793 exceeds min score requirement of 740. <br>CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: Borrower has been with employer in the past: 23 years. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: Co-Borrower has been in this line of work in the past: 26 years. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post Close Assets are $930,546.32 or 44.31 months of PITI.Required PITI Reserves are $21,001.60 x 24 months = $504,038.40. |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | XXXXXX | CO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 78.17% LTV; guidelines allow 89.99% <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Borrower has $2,825,584.71 in post closing reserves, Guidelines require $122,661.86 |
| &nbsp;&nbsp;&nbsp;9 | XXXXXX | XXXXXX | ID | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Median Fico Score 809 > 109 points of minimum guideline requirements of 700. <br>CFCFS1744: DTI below guideline requirement <br>- Clayton Comments: DTI of 30.63% is above the minimum program requirements of 45% <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 89% LTV for Subject Property is below guideline max LTV of 89.99% |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial<br>Comments** | **Client/<br>Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2860: Good credit history <br>- Clayton Comments: Credit score is 732/minimum 700 <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Total available assets are $82,568.12 - Required funds to close are $18,570.79; required reserves are $27,006.42 post close remaining reserves are $36,990.91 or 6 months PITI <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: On current job for 9 yrs |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: Post close reserves $107,693.97 exceeds required reserves $35,193.57. <br>CFCFS1739: Positive mortgage payment history <br>- Clayton Comments: Mortgage history reports 43 mos. 0x30. <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: B2 has 26 years in same line of work. |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job <br>- Clayton Comments: 9.3 years employed with XXX <br>CFCFS2854: Significant time in profession <br>- Clayton Comments: 32 years working in the XXX industry. <br>CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: 716 mid-score; 700 minimum required. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: 327 months of 0x30 consumer credit history per CBR, 24 months required. <br>CFCFS1731: Verified cash reserves exceed guidelines <br>- Clayton Comments: 36.72 months of reserves in file, 3 months required. <br>CFCFS1737: LTV below guideline requirements <br>- Clayton Comments: 80% LTV/CLTV; 89.99% LTV/CLTV is maximum allowed per guidelines. |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU<br>score is<br>3.0 -<br>AVM<br>needed. | 12.22.2025:<br>AVM<br>provided<br>supports<br>appraised<br>value | 12.22.2025:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines <br>- Clayton Comments: Credit score 807 is 107 points above minimum program requirement of 700. <br>CFCFS1742: Consumer credit history exceeds guidelines <br>- Clayton Comments: Borrower has 0x30 for 265 months. <br>CFCFS1740: Mortgage payment history exceeds guidelines <br>- Clayton Comments: Borrowers has over 119 months mortgage payment history 0x30. |

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| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC - PMTLT 2026-J1 Sec_J16509** |

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**Conditions Report 2.0** 

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| | |
|:---|:---|
| ***Loans in Report:*** | *129* |
| ***Loans with Conditions:*** | *43* |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | XXXXXX | XXXXXX C B A | No |
| &nbsp;&nbsp;&nbsp;38 | XXXXXX | XXXXXX | XXXXXX C A | Yes |
| &nbsp;&nbsp;&nbsp;34 | XXXXXX | XXXXXX | XXXXXX C A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;46 | XXXXXX | XXXXXX | XXXXXX D A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;36 | XXXXXX | XXXXXX | XXXXXX C A | No |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;43 | XXXXXX | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | XXXXXX | XXXXXX C A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;40 | XXXXXX | XXXXXX | XXXXXX C A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | XXXXXX | XXXXXX C B A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | XXXXXX | XXXXXX D A C | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;41 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | XXXXXX | XXXXXX C A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | XXXXXX | XXXXXX D A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;88 | XXXXXX | XXXXXX | XXXXXX D A | Not<br>Applicable |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;98 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | XXXXXX | XXXXXX C A B | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | XXXXXX | XXXXXX D A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | XXXXXX | XXXXXX C A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | XXXXXX | XXXXXX D A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;58 | XXXXXX | XXXXXX | XXXXXX C A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;23 | XXXXXX | XXXXXX | XXXXXX D A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;99 | XXXXXX | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;55 | XXXXXX | XXXXXX | XXXXXX C A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;50 | XXXXXX | XXXXXX | XXXXXX D A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | XXXXXX | XXXXXX D A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | XXXXXX | XXXXXX B A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;15 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;84 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;30 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;8 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;62 | XXXXXX | XXXXXX | XXXXXX D A | Not<br>Applicable |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;6 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | XXXXXX D B A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;70 | XXXXXX | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;71 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | XXXXXX | XXXXXX B A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | XXXXXX | XXXXXX D A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;3 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;24 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | XXXXXX | XXXXXX D B A | No |
| &nbsp;&nbsp;&nbsp;108 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | XXXXXX | XXXXXX C A | No |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;19 | XXXXXX | XXXXXX | XXXXXX A | No |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;72 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;110 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;64 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;111 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;25 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;31 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;85 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;27 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;20 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;22 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;116 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;28 | XXXXXX | XXXXXX | XXXXXX D A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | XXXXXX | XXXXXX D A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;7 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;65 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **Did Lender<br>Acknowledge<br>Exception at<br>Origination** |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;9 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | XXXXXX | XXXXXX A | Not<br>Applicable |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | XXXXXX | XXXXXX D A | Not<br>Applicable |

---

## Exhibit 99.3

**EXHIBIT 99.3** 

**CLAYTON RATING AGENCY ATR QM DATA FIELDS** 

------

**Exhibit 99.3** 

---

| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC - PMTLT 2026-J1 Sec_J16509** |
| **Rating Agency ATR QM Data Fields** | **Rating Agency ATR QM Data Fields** |
| *Loans in Report:* | *128* |

---

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan**<br> **Number** | **Loan Level**<br> **ATR/QM**<br> **Status** | **Application**<br> **Date Prior**<br> **to 1/10/2014** | **Lender**<br> **Application**<br> **Date** | **Broker**<br> **Application**<br> **Date** | **GSE**<br> **Eligible** | **QRM**<br> **Flag** | **ATR/QM**<br> **Total**<br> **Points**<br> **and Fees** | **Rate**<br> **Lock**<br> **Date** | **APR** | **Bwr 1**<br> **Employment**<br> **Indicator** | **Bwr 2**<br> **Employment**<br> **Indicator** | **Bwr 1 Foreign**<br> **National**<br> **Indicator** | **Bwr 2 Foreign**<br> **National**<br> **Indicator** | **Borrowers**<br> **Qualified**<br> **Through a**<br> **Non-Resident**<br> **Alien**<br> **Program** | **Residual**<br> **Income**<br> **Analysis**<br> **in File** | **ATR/**<br> **QM**<br> **Residual<br>Income** |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 14035.45 | XXXXXX | 7.029 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;38 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 5980 | XXXXXX | 6.8427 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;34 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 7794.2 | XXXXXX | 6.3711 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;46 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2150 | XXXXXX | 6.6343 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 4000 | XXXXXX | 6.6689 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;36 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 4471 | XXXXXX | 6.1531 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 10663.59 | XXXXXX | 7.0297 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1420 | XXXXXX | 6.7626 | Retired | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;43 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1195 | XXXXXX | 6.517 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 711 | XXXXXX | 7.3823 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1662 | XXXXXX | 6.2992 | Employed | Employed | Permanent Resident Alien | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 17100 | XXXXXX | 7.2764 | Retired | Retired | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1900 | XXXXXX | 6.5217 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1995 | XXXXXX | 6.2917 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;40 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 14182.5 | XXXXXX | 6.2432 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 125 | XXXXXX | 6.0048 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 8160.9 | XXXXXX | 6.2619 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1295 | XXXXXX | 6.5913 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1490 | XXXXXX | 6.6341 | Unemployed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1790 | XXXXXX | 6.5312 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 3326.3 | XXXXXX | 6.3353 | Retired | Retired | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1350 | XXXXXX | 6.2564 | Unemployed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;41 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2397 | XXXXXX | 6.6578 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1320 | XXXXXX | 6.5187 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1666.49 | XXXXXX | 6.0154 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 31174.85 | XXXXXX | 6.4214 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1750 | XXXXXX | 6.7642 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 100 | XXXXXX | 6.0162 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;88 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1250 | XXXXXX | 6.395 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;98 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 4130.41 | XXXXXX | 6.7536 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 164 | XXXXXX | 6.4553 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1665 | XXXXXX | 6.7957 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2270 | XXXXXX | 6.1782 | Employed | Employed | Permanent Resident Alien | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 0 | XXXXXX | 6.1335 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1590 | XXXXXX | 6.7646 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1295 | XXXXXX | 7.1597 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.25 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 7457.5 | XXXXXX | 6.7976 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 3184.71 | XXXXXX | 6.7666 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | Yes | 0 |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 5.9985 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;58 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1695 | XXXXXX | 6.3254 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;23 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1528 | XXXXXX | 6.2749 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;99 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.1296 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1050 | XXXXXX | 6.1395 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;55 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 14288.94 | XXXXXX | 6.6581 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;50 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1895 | XXXXXX | 6.5362 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 830 | XXXXXX | 6.8894 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 12609.2 | XXXXXX | 6.3924 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1660.94 | XXXXXX | 7.2977 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | QM: Rebuttable Presumption (APOR) | No | XXXXXX | XXXXXX | No | Yes | 20204 | XXXXXX | 7.769 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;15 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1499 | XXXXXX | 6.5112 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | Yes | 15003.51 |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1895 | XXXXXX | 6.907 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;84 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1295 | XXXXXX | 6.1441 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1850 | XXXXXX | 6.5233 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 6.1386 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;30 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1511 | XXXXXX | 6.6705 | Retired | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;8 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 62085 | XXXXXX | 6.4227 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;62 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 22192.75 | XXXXXX | 6.1597 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1499 | XXXXXX | 6.5302 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;6 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 3724.97 | XXXXXX | 6.2697 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1095 | XXXXXX | 5.8938 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;70 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1295 | XXXXXX | 6.5174 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.4982 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;71 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 3309.41 | XXXXXX | 6.6293 | Employed | (No Data) | Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1420 | XXXXXX | 6.149 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1499 | XXXXXX | 6.394 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1690 | XXXXXX | 6.2724 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.3716 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 13737.2 | XXXXXX | 6.0668 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 13203 | XXXXXX | 6.7461 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;3 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1670 | XXXXXX | 6.236 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 16500 | XXXXXX | 5.9838 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 18767 | XXXXXX | 6.3531 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 795 | XXXXXX | 6.1372 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 14411.05 | XXXXXX | 6.1379 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | Yes | 9898 |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 125 | XXXXXX | 6.8796 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1900 | XXXXXX | 6.6881 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 6.292 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 164 | XXXXXX | 6.219 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.2688 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;24 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 18006.24 | XXXXXX | 6.1572 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 164 | XXXXXX | 6.4519 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1710 | XXXXXX | 6.5112 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;108 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1340 | XXXXXX | 6.5473 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | Yes | 13408.12 |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1295 | XXXXXX | 6.5278 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1575 | XXXXXX | 6.1445 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;19 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2030 | XXXXXX | 6.7944 | Retired | Retired | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 968 | XXXXXX | 6.3795 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1699 | XXXXXX | 6.6492 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1395 | XXXXXX | 6.6447 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 17374.4 | XXXXXX | 6.4159 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;72 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1995 | XXXXXX | 6.3935 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;110 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 200 | XXXXXX | 6.315 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 12995 | XXXXXX | 6.4729 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;64 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1350 | XXXXXX | 6.3935 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;102 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 12275 | XXXXXX | 6.0073 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | Yes | 4748.73 |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1895 | XXXXXX | 6.4193 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 2410 | XXXXXX | 6.5005 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;111 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1395 | XXXXXX | 6.0203 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;25 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1590 | XXXXXX | 6.3964 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;31 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 995 | XXXXXX | 6.2039 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;85 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 97.5 | XXXXXX | 6.2567 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;27 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1670 | XXXXXX | 6.1322 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 6791.25 | XXXXXX | 6.3028 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 6.2677 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;20 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1399 | XXXXXX | 6.2695 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;22 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1499 | XXXXXX | 6.144 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;116 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 18674.87 | XXXXXX | 7.0475 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 6.2664 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;28 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1499 | XXXXXX | 6.397 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 4705 | XXXXXX | 6.6712 | Retired | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2160 | XXXXXX | 6.6007 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1145 | XXXXXX | 6.1367 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;7 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 995 | XXXXXX | 6.272 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | Yes | 0 |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 9245 | XXXXXX | 6.3581 | Retired | Retired | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;65 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 17575.39 | XXXXXX | 6.5168 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1598 | XXXXXX | 6.2716 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1295 | XXXXXX | 6.1359 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 17220 | XXXXXX | 6.8946 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1890 | XXXXXX | 6.7673 | Employed | Employed | Non-Resident Alien | Non-Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 9790 | XXXXXX | 6.618 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2690 | XXXXXX | 6.8953 | Employed | (No Data) | Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 14624 | XXXXXX | 6.1389 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1605 | XXXXXX | 6.0013 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;9 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 19395 | XXXXXX | 5.961 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1095 | XXXXXX | 7.5214 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1790 | XXXXXX | 6.8941 | Unemployed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 6610 | XXXXXX | 6.8057 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 4111.08 | XXXXXX | 6.9191 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |

---

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

## Exhibit 99.4

**EXHIBIT 99.4** 

**CLAYTON LOAN LEVEL TAPE COMPARE UPLOAD** 

------

**Exhibit 99.4** 

---

| | |
|:---|:---|
| **Client Name:** | PennyMac |
| **Client Project Name:** | PNMAC - PMTLT 2026-J1 Sec_J16509 |

---

**Loan Level Tape Compare Upload** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan**<br> **Number** | **Borrower**<br> **Last Name** | **Field Name** | **Tape Data** | **Reviewer Data** |
| &nbsp;&nbsp;&nbsp;38 | XXXXXX | XXXXXX | Cash Reserves | 54266.75 | 31053.96 |
| &nbsp;&nbsp;&nbsp;34 | XXXXXX | XXXXXX | Cash Reserves | 451525.66 | 217204.18 |
| &nbsp;&nbsp;&nbsp;34 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 40.2590 | 35.2467 |
| &nbsp;&nbsp;&nbsp;46 | XXXXXX | XXXXXX | Cash Reserves | 5364327.78 | 1395855.32 |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | XXXXXX | Cash Reserves | 924243.94 | 547339.06 |
| &nbsp;&nbsp;&nbsp;36 | XXXXXX | XXXXXX | Loan Purpose | Rate and Term Refi | Construction/Perm |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | XXXXXX | Cash Reserves | 255158.96 | 43658.27 |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | XXXXXX | Cash Reserves | 936319.38 | 269263.88 |
| &nbsp;&nbsp;&nbsp;43 | XXXXXX | XXXXXX | Cash Reserves | 291173.83 | 57506.09 |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 32.9850 | 46.1373 |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | XXXXXX | Cash Reserves | 315690.18 | 103539.31 |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | XXXXXX | Origination Channel | Correspondent Bulk | Broker |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | XXXXXX | Cash Reserves | 1144545.12 | 351857.52 |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | XXXXXX | Origination Channel | Correspondent Bulk | Retail |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1025 Multi-Fam (Mar 05) |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | XXXXXX | Cash Reserves | 2319419.09 | 1722410.65 |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | XXXXXX | Origination Channel | Correspondent Bulk | Correspondent Flow with delegated underwriting |
| &nbsp;&nbsp;&nbsp;40 | XXXXXX | XXXXXX | Cash Reserves | 618833.52 | 48129.49 |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | XXXXXX | Cash Reserves | 207603.12 | 82626.62 |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | Cash Reserves | 1709833.51 | 921683.26 |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | XXXXXX | Cash Reserves | 323070.50 | 92820.73 |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | XXXXXX | Cash Reserves | 324391.86 | 172999.76 |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | XXXXXX | Borrower 1 Total Income | 15652.63 | 7152.63 |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | XXXXXX | Cash Reserves | 2171314.61 | 1414349.68 |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | XXXXXX | Borrower 2 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | XXXXXX | Cash Reserves | 1437343.27 | 814269.61 |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;41 | XXXXXX | XXXXXX | Cash Reserves | 57463.04 | 30482.52 |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | XXXXXX | Loan Purpose | Rate and Term Refi | Cashout Refi |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | XXXXXX | Original Appraisal Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | XXXXXX | Cash Reserves | 1084224.85 | 521848.56 |
| &nbsp;&nbsp;&nbsp;127 | XXXXXX | XXXXXX | Origination Channel | Correspondent Bulk | Broker |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | XXXXXX | Cash Reserves | 693959.39 | 452105.35 |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;88 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;98 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1025 Multi-Fam (Mar 05) |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | XXXXXX | Cash Reserves | 389745.73 | 167265.26 |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | XXXXXX | Appraisal Form Type | Other | 1004 SFR (Mar 05) |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | XXXXXX | Borrower 2 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | XXXXXX | Cash Reserves | 510492.04 | 91462.31 |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | XXXXXX | Cash Reserves | 916821.38 | 496070.84 |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 38.3960 | 34.9989 |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | XXXXXX | Cash Reserves | 447208.15 | 242951.14 |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | XXXXXX | Cash Reserves | 451297.06 | 297295.22 |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | XXXXXX | Cash Reserves | 107397.73 | 201252.97 |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | XXXXXX | Cash Reserves | 961882.21 | 539687.33 |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | XXXXXX | Cash Reserves | 231008.74 | 57302.75 |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | XXXXXX | Cash Reserves | 657718.34 | 445398.73 |
| &nbsp;&nbsp;&nbsp;58 | XXXXXX | XXXXXX | Cash Reserves | 741160.72 | 312282.04 |
| &nbsp;&nbsp;&nbsp;99 | XXXXXX | XXXXXX | Cash Reserves | 747200.94 | 468200.95 |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | XXXXXX | Cash Reserves | 1484170.12 | 148000.52 |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;55 | XXXXXX | XXXXXX | Cash Reserves | 674972.09 | 325624.55 |
| &nbsp;&nbsp;&nbsp;55 | XXXXXX | XXXXXX | Origination Channel | Correspondent Bulk | Broker |
| &nbsp;&nbsp;&nbsp;50 | XXXXXX | XXXXXX | Cash Reserves | 556605.82 | 401781.10 |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | XXXXXX | Borrower 2 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | XXXXXX | Cash Reserves | 433014.86 | 292591.04 |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | XXXXXX | Cash Reserves | 446184.55 | 115344.90 |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | XXXXXX | Origination Channel | Correspondent Bulk | Broker |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | XXXXXX | Cash Reserves | 100963.65 | 0.00 |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | XXXXXX | Loan Purpose | Rate and Term Refi | Construction/Perm |
| &nbsp;&nbsp;&nbsp;84 | XXXXXX | XXXXXX | Cash Reserves | 1341191.38 | 895648.88 |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | XXXXXX | Cash Reserves | 992421.22 | 98792.75 |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | XXXXXX | Borrower 1 Total Income | 25000.00 | 14927.51 |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | XXXXXX | Cash Reserves | 534348.05 | 95520.13 |
| &nbsp;&nbsp;&nbsp;8 | XXXXXX | XXXXXX | Cash Reserves | 20827863.94 | 13205525.67 |
| &nbsp;&nbsp;&nbsp;8 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;62 | XXXXXX | XXXXXX | Cash Reserves | 3021832.82 | 1727026.42 |
| &nbsp;&nbsp;&nbsp;62 | XXXXXX | XXXXXX | Origination Channel | Correspondent Bulk | Broker |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;6 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | Cash Reserves | 363970.93 | 90429.01 |
| &nbsp;&nbsp;&nbsp;70 | XXXXXX | XXXXXX | Cash Reserves | 323553.32 | 29392.90 |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | XXXXXX | Cash Reserves | 447863.17 | 158535.86 |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | XXXXXX | Sales Price | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | XXXXXX | Cash Reserves | 705983.05 | 5692134.48 |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | XXXXXX | Cash Reserves | 661533.43 | 211321.15 |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | XXXXXX | Cash Reserves | 160713.03 | 84099.34 |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | XXXXXX | Original Appraisal Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;123 | XXXXXX | XXXXXX | Property Type | SFR | Detached PUD |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | XXXXXX | Cash Reserves | 251090.69 | 70101.57 |
| &nbsp;&nbsp;&nbsp;3 | XXXXXX | XXXXXX | Cash Reserves | 563576.32 | 266280.70 |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | XXXXXX | Borrower 2 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | XXXXXX | Cash Reserves | 748441.02 | 112736.19 |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | Cash Reserves | 2723415.93 | 1916083.73 |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 40.9750 | 36.7977 |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | XXXXXX | Cash Reserves | 491714.39 | 68971.90 |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | XXXXXX | Origination Channel | Correspondent Bulk | Broker |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | XXXXXX | Cash Reserves | 1234954.68 | 812779.04 |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | XXXXXX | Cash Reserves | 369543.00 | 47681.01 |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | XXXXXX | Cash Reserves | 348377.55 | 190520.41 |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | XXXXXX | Cash Reserves | 160000.00 | 317744.11 |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | XXXXXX | Product Type | Jumbo 30yr Fixed | 30 Yr Fixed |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | XXXXXX | Cash Reserves | 902015.12 | 2320249.01 |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | XXXXXX | Cash Reserves | 699048.99 | 389044.88 |
| &nbsp;&nbsp;&nbsp;19 | XXXXXX | XXXXXX | Cash Reserves | 115057.22 | 157094.16 |
| &nbsp;&nbsp;&nbsp;19 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;112 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | XXXXXX | Cash Reserves | 253006.92 | 27390.60 |
| &nbsp;&nbsp;&nbsp;110 | XXXXXX | XXXXXX | Cash Reserves | 921316.48 | 361127.04 |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | XXXXXX | Cash Reserves | 507516.45 | 84081.33 |
| &nbsp;&nbsp;&nbsp;64 | XXXXXX | XXXXXX | Cash Reserves | 1443277.47 | 988686.23 |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | XXXXXX | Cash Reserves | 975351.45 | 655250.43 |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | XXXXXX | Cash Reserves | 791978.06 | 524811.39 |
| &nbsp;&nbsp;&nbsp;111 | XXXXXX | XXXXXX | Cash Reserves | 351123.63 | 175527.51 |
| &nbsp;&nbsp;&nbsp;25 | XXXXXX | XXXXXX | Cash Reserves | 357407.38 | 72522.47 |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | XXXXXX | Cash Reserves | 543552.31 | 155502.80 |
| &nbsp;&nbsp;&nbsp;126 | XXXXXX | XXXXXX | Cash Reserves | 1048915.00 | 463607.96 |
| &nbsp;&nbsp;&nbsp;22 | XXXXXX | XXXXXX | Appraisal Form Type | Other | 1004 SFR (Mar 05) |
| &nbsp;&nbsp;&nbsp;22 | XXXXXX | XXXXXX | Cash Reserves | 1273250.40 | 906239.34 |
| &nbsp;&nbsp;&nbsp;116 | XXXXXX | XXXXXX | Cash Reserves | 358728.77 | 31943.80 |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;28 | XXXXXX | XXXXXX | Appraisal Form Type | Other | 1004 SFR (Mar 05) |
| &nbsp;&nbsp;&nbsp;28 | XXXXXX | XXXXXX | Cash Reserves | 721169.66 | 56799.83 |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | XXXXXX | Cash Reserves | 360374.99 | 74055.37 |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | XXXXXX | Cash Reserves | 1016259.18 | 560838.09 |
| &nbsp;&nbsp;&nbsp;7 | XXXXXX | XXXXXX | Borrower 1 Self Employed Flag | Yes | No |
| &nbsp;&nbsp;&nbsp;7 | XXXXXX | XXXXXX | Cash Reserves | 1698656.56 | 879353.56 |
| &nbsp;&nbsp;&nbsp;65 | XXXXXX | XXXXXX | Cash Reserves | 268829.23 | 103761.63 |
| &nbsp;&nbsp;&nbsp;65 | XXXXXX | XXXXXX | Origination Channel | Correspondent Bulk | Broker |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | XXXXXX | Cash Reserves | 569249.88 | 235845.51 |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | XXXXXX | Cash Reserves | 371759.68 | 167407.25 |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 47.4730 | 43.4861 |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | XXXXXX | Product Type | 30 Yr Fixed | Jumbo 30yr Fixed |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | XXXXXX | Cash Reserves | 362617.00 | 92130.93 |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | XXXXXX | Cash Reserves | 3057218.60 | 930546.32 |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | XXXXXX | Cash Reserves | 374543.97 | 107693.97 |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | XXXXXX | Cash Reserves | 1127726.48 | 343121.63 |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 30.1500 | 27.0910 |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | XXXXXX | Cash Reserves | 230584.31 | 132819.29 |

---

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

## Exhibit 99.5

**EXHIBIT 99.5** 

**CLAYTON VALUATIONS SUMMARY** 

------

**Exhibit 99.5** 

---

| | |
|:---|:---|
| **Client Name:** | PennyMac |
| **Client Project Name:** | PNMAC - PMTLT 2026-J1 Sec_J16509 |
| **Valuations Summary** |  |
| *Loans In Report:* | *129* |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **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** | **1004 SFR** | **1004 SFR** | **1004 SFR** | **2055 Ext Only** | **2055 Ext Only** | **2055 Ext Only** | **2055 Ext Only** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **Other** | **Other** | **Other** | **Other** | **Other** | **AUS<br>Information** | |
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Original**<br> **Balance** | **Sales**<br> **Price** | **Value For<br>LTV** | **Appraised<br>Date** | **Appraised<br>Value** | **Appraisal<br>Form** | **AVM**<br> **Vendor**<br> **Name** | **Confidence<br>Score** | **Review<br>Date** | **Review<br>Value** | **Variance<br>Amount** | **Variance**<br> **(%)** | **Review<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **AVM<br>Vendor<br>Name** | **AVM<br>FSD** | **Confidence<br>Score** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Other -<br>Valuation<br>Type** | **Report<br>Date<br>- Other** | **Value**<br> **- Other** | **Variance<br>Amount<br>- Other** | **Variance<br>(%)**<br> **- Other** | **CU / LCA<br>Score** | **Valuation<br>Comments<br>Audit** |
| &nbsp;&nbsp;&nbsp;&nbsp; 136 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 38 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 34 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 46 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 1.00% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 35 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 36 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 80 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 32 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 43 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 137 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -3.98% | XXXXXX | 7.000 | 93.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 48 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 56 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 134 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1025 Multi-<br>Fam<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | 3.05% | XXXXXX | 48.000 | 52.00 | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 40 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 122 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 57 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 1.53% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 138 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 59 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 86 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 41 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 68 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 139 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 6.67% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 127 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 76 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | -2.08% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 51 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 88 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -5.83% | XXXXXX | 5.000 | 95.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 98 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1025 Multi-<br>Fam<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 107 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 121 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 18 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 2.00% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 82 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 73 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 53 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -3.58% | XXXXXX | 4.000 | 96.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 44 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 42 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -3.27% | XXXXXX | 4.000 | 96.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |

---

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| | | | | | | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Desk Review** | **Desk Review** | **Desk Review** | **Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Field Review** | **Field Review** | **Field Review** | **Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **1004 SFR** | **1004 SFR** | **1004 SFR** | **1004 SFR** | **2055 Ext Only** | **2055 Ext Only** | **2055 Ext Only** | **2055 Ext Only** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **Other** | **Other** | **Other** | **Other** | **Other** | **AUS<br>Information** | |
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Original**<br> **Balance** | **Sales**<br> **Price** | **Value For<br>LTV** | **Appraised<br>Date** | **Appraised<br>Value** | **Appraisal<br>Form** | **AVM**<br> **Vendor**<br> **Name** | **Confidence<br>Score** | **Review<br>Date** | **Review<br>Value** | **Variance<br>Amount** | **Variance**<br> **(%)** | **Review<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **AVM<br>Vendor<br>Name** | **AVM<br>FSD** | **Confidence<br>Score** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Other -<br>Valuation<br>Type** | **Report<br>Date<br>- Other** | **Value**<br> **- Other** | **Variance<br>Amount<br>- Other** | **Variance<br>(%)**<br> **- Other** | **CU / LCA<br>Score** | **Valuation<br>Comments<br>Audit** |
| &nbsp;&nbsp;&nbsp;&nbsp; 58 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 23 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -4.95% | XXXXXX | 10.000 | 90.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 99 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -5.29% | XXXXXX | 3.000 | 97.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -0.97% | XXXXXX | 5.000 | 95.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 55 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 50 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -2.33% | XXXXXX | 4.000 | 96.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 66 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -0.70% | XXXXXX | 3.000 | 97.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 52 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 109 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 81 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 15 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 84 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 140 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 89 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | -9.09% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 30 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 62 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 16 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -27.70% | XXXXXX | 13.000 | 87.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 74 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 70 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 119 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 71 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 141 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 142 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 95 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% | Not<br>Applicable | XXXXXX | XXXXXX | XXXXXX | -3.74% | XXXXXX | 8.000 | 92.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 100 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 123 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 3.97% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 143 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 124 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 144 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 104 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 145 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 106 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 87 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 17 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 96 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 24 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 83 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 54 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |

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| | | | | | | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Origination Values** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Automated Valuation Model** | **Desk Review** | **Desk Review** | **Desk Review** | **Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Second Desk Review** | **Field Review** | **Field Review** | **Field Review** | **Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **Second Field Review** | **1004 SFR** | **1004 SFR** | **1004 SFR** | **1004 SFR** | **2055 Ext Only** | **2055 Ext Only** | **2055 Ext Only** | **2055 Ext Only** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **BPO (Broker Price Opinion)** | **Other** | **Other** | **Other** | **Other** | **Other** | **AUS<br>Information** | |
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Original**<br> **Balance** | **Sales**<br> **Price** | **Value For<br>LTV** | **Appraised<br>Date** | **Appraised<br>Value** | **Appraisal<br>Form** | **AVM**<br> **Vendor**<br> **Name** | **Confidence<br>Score** | **Review<br>Date** | **Review<br>Value** | **Variance<br>Amount** | **Variance**<br> **(%)** | **Review<br>Type** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **AVM<br>Vendor<br>Name** | **AVM<br>FSD** | **Confidence<br>Score** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Report<br>Date** | **Value** | **Variance<br>Amount** | **Variance<br>(%)** | **Other -<br>Valuation<br>Type** | **Report<br>Date<br>- Other** | **Value**<br> **- Other** | **Variance<br>Amount<br>- Other** | **Variance<br>(%)**<br> **- Other** | **CU / LCA<br>Score** | **Valuation<br>Comments<br>Audit** |
| &nbsp;&nbsp;&nbsp;&nbsp; 108 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 63 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 103 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 19 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 112 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 78 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 97 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 147 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 72 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 110 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 148 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 64 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 102 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 149 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 118 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 111 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 25 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 31 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 85 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 27 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 2.00% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 126 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 0.44% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 20 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 22 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 116 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 14 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 28 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -6.37% | XXXXXX | 8.000 | 92.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 125 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -0.71% | XXXXXX | 3.000 | 97.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 150 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 75 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 120 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 65 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 151 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 152 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 113 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 26 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 153 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% | XXXXXX | XXXXXX | XXXXXX | -7.33% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 154 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 101 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 3.99% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 91 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% | Not<br>Applicable |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 155 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 156 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 115 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% |  |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 157 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -0.92% | XXXXXX | 5.000 | 95.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 3 |  |

---

*The findings in this report are preliminary and subject to revision by Clayton. This report is confidential and for Client's internal use only. This report is not for purposes of 17g5 filings and is not redacted. For Securitization reporting please submit a request to CL_SecondaryMarketAcquisitions@clayton.com*

## Exhibit 99.6

**EXHIBIT 99.6** 

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

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![LOGO](g57073g12c39.jpg)

**Exhibit 99.6** 

**EXECUTIVE SUMMARY** 

**DESCRIPTION OF SERVICES** 

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

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

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

The Review was conducted on one hundred fifty-eight (158) mortgage loans with an aggregate original principal balance of approximately $203.532 million. .

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

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

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

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

---

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

---

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.

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![LOGO](g57073g12c39.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 documentation to determine conformity to the stated underwriting or credit extension guidelines, standards, criteria or other requirements, including, as applicable, the Ability to Repay and Qualified Mortgage requirements described below, that were provided to AMC and/or as directed by Client. When applicable, a review of the mortgage loan file to the Automated Underwriting System output within the file was also performed.

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

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

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

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

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

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

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

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

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

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![LOGO](g57073g12c39.jpg)

**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

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noted where required and (b) that the subject property is the one for which the valuation was ordered and that there are no negative external factors; and (vii) confirming that the value product that was used as part of the origination decision was directly accessible to AMC or if it was not directly accessible that another valuation product that was directly accessible to AMC was ordered in accordance with the Client's specific valuation waterfall process.

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

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

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

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

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

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

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

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

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

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

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

iii) errors in the right of rescission notice;

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

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

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

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

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

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

ii) proper execution by all required parties;

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

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

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

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

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

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

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

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

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

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

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

ii) APR threshold test;

iii) prepayment penalty threshold test; and

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

*<u>Qualified Mortgage</u>*

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

**(X) Recording Review** 

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

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

**(XI) FIRREA Review** 

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

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

**(XII) Document Review** 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

**(9) Disclaimer.** 

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

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

**SUMMARY OF FINDINGS & CONCLUSIONS OF REVIEW** 

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

**OVERALL RESULTS SUMMARY** 

There were one hundred fifty-eight (158) mortgage loans in the securitization population reviewed by AMC. After all documents were presented, under the applicable NRSRO grading criteria, fifty-four (54) (34.18%) loans had an Overall grade of "A," and one hundred four (104) (65.82%) loan had an Overall loan grade of "B."

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NRSRO Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# of Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of Loans |
| &nbsp;&nbsp;&nbsp; A | 54 | 34.18% |
| &nbsp;&nbsp;&nbsp; B | 104 | 65.82% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

---

**COMPLIANCE RESULTS SUMMARY** 

Of the one hundred fifty-eight (158) loans reviewed, under the applicable NRSRO grading criteria, eighty-six (86) loans had a Compliance "B" grade. Loans with a Compliance grade of "B" have multiple compliance exceptions; however, none are lower than a grade of "B."

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NRSRO Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# of Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of Loans |
| &nbsp;&nbsp;&nbsp; A | 72 | 45.57% |
| &nbsp;&nbsp;&nbsp; B | 86 | 54.43% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

---

**CREDIT RESULTS SUMMARY** 

Of the one hundred fifty-eight (158) mortgage loans, under the applicable NRSRO grading criteria, 74.68% of the total received an "A" Credit grade. The forty (40) "B" Credit grades were due to missing documentation and/or guideline adherence. Exceptions were offset by strong compensating factors such as high disposable income, low LTV, and/or high liquid assets.

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NRSRO Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# of Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of Loans |
| &nbsp;&nbsp;&nbsp; A | 118 | 74.68% |
| &nbsp;&nbsp;&nbsp; B | 40 | 25.32% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

---

**PROPERTY/VALUATION RESULTS SUMMARY** 

Of the one hundred fifty-eight (158) mortgage loans, under the applicable NRSRO grading criteria, all loans received an "A" Property grade.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NRSRO Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# of Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;% of Loans |
| &nbsp;&nbsp;&nbsp; A | 158 | 100.00% |
| &nbsp;&nbsp;&nbsp; B | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

---

**EXCEPTION CATEGORY SUMMARY** 

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Exception**<br> **Type** | **Final Exception Rating** | **Exception Category** |  | **Total** |  |
| &nbsp;&nbsp;&nbsp; Compliance | B | ECOA |  | 81 |  |
| &nbsp;&nbsp;&nbsp; Compliance | B | ATR/QM Defect |  | 11 |  |
| &nbsp;&nbsp;&nbsp; Compliance | B | TRID Defect |  | 11 |  |
| &nbsp;&nbsp;&nbsp; Compliance | B | RESPA |  | 3 |  |
| &nbsp;&nbsp;&nbsp; Compliance | B | Missing Non-Required Data |  | 2 |  |
| &nbsp;&nbsp;&nbsp; Compliance | B | Misc. State Level |  | 2 |  |
| &nbsp;&nbsp;&nbsp; Compliance | B | Missing Disclosure |  | 1 |  |
| &nbsp;&nbsp;&nbsp; Compliance | B | Flood |  | 1 |  |
| &nbsp;&nbsp;&nbsp; Compliance | B | FACTA |  | 1 |  |
| &nbsp;&nbsp;&nbsp; Compliance | B | ***Total Compliance Grade (B) Exceptions:*** | **** | ***113*** | **** |
| &nbsp;&nbsp;&nbsp; ***Total Compliance Exceptions:*** | &nbsp;&nbsp;&nbsp; ***Total Compliance Exceptions:***  | &nbsp;&nbsp;&nbsp; ***Total Compliance Exceptions:***  | **** | ***113*** | **** |
| &nbsp;&nbsp;&nbsp; Credit | B | Title |  | 35 |  |
| &nbsp;&nbsp;&nbsp; Credit | B | Documents |  | 2 |  |
| &nbsp;&nbsp;&nbsp; Credit | B | Hazard Insurance |  | 2 |  |
| &nbsp;&nbsp;&nbsp; Credit | B | Property - Appraisal |  | 2 |  |
| &nbsp;&nbsp;&nbsp; Credit | B | Insurance |  | 1 |  |
| &nbsp;&nbsp;&nbsp; Credit | B | ***Total Credit Grade (B) Exceptions:*** | **** | ***42*** | **** |
| &nbsp;&nbsp;&nbsp; ***Total Credit Exceptions:*** | &nbsp;&nbsp;&nbsp; ***Total Credit Exceptions:***  | &nbsp;&nbsp;&nbsp; ***Total Credit Exceptions:***  | **** | ***42*** | **** |
| &nbsp;&nbsp;&nbsp; **Grand Total:** | &nbsp;&nbsp;&nbsp; **Grand Total:**  | &nbsp;&nbsp;&nbsp; **Grand Total:**  |  | **155** |  |

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**TAPE INTEGRITY REVIEW RESULTS SUMMARY** 

Of the one hundred fifty-eight (158) mortgage loans reviewed, one hundred thirty-three (133) (84.18%) mortgage loans had four hundred forty-four (444) tape discrepancies across thirty-two (32) unique data fields. The most common tape discrepancies were Borrower Mailing Street, Borrower Middle Name and Borrower Mailing Zip. AMC found generally that the DTI discrepancies were due to differences in calculating complex incomes; while the data differed, the resulting ratios generally remained within guidelines.

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Field Label** | **Loans With <br> Discrepancy** | **Total Times <br> Compared** | **% <br> Variance** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**# Of** <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Loans**  |
| &nbsp;&nbsp;&nbsp; # of Units | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Amortization Term | 0 | 52 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Amortization Type | 0 | 155 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Appraisal Date | 3 | 3 | 100.00% | 158 |
| &nbsp;&nbsp;&nbsp; Appraisal Effective Date | 7 | 8 | 87.50% | 158 |
| &nbsp;&nbsp;&nbsp; Appraised Value | 0 | 21 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Borrower Birth Date | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Borrower Citizenship | 4 | 141 | 2.84% | 158 |
| &nbsp;&nbsp;&nbsp; Borrower First Name | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Borrower FTHB | 15 | 62 | 24.19% | 158 |
| &nbsp;&nbsp;&nbsp; Borrower Last Name | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Borrower Mailing City | 37 | 158 | 23.42% | 158 |
| &nbsp;&nbsp;&nbsp; Borrower Mailing State | 5 | 158 | 3.16% | 158 |
| &nbsp;&nbsp;&nbsp; Borrower Mailing Street | 55 | 158 | 34.81% | 158 |
| &nbsp;&nbsp;&nbsp; Borrower Mailing Zip | 47 | 158 | 29.75% | 158 |
| &nbsp;&nbsp;&nbsp; Borrower Middle Name | 54 | 69 | 78.26% | 158 |
| &nbsp;&nbsp;&nbsp; Borrower Self-Employed? | 4 | 143 | 2.80% | 158 |
| &nbsp;&nbsp;&nbsp; Borrower SSN | 1 | 158 | 0.63% | 158 |
| &nbsp;&nbsp;&nbsp; City | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Coborrower Birth Date | 9 | 112 | 8.04% | 158 |
| &nbsp;&nbsp;&nbsp; Coborrower Citizenship | 16 | 100 | 16.00% | 158 |
| &nbsp;&nbsp;&nbsp; Coborrower First Name | 2 | 112 | 1.79% | 158 |
| &nbsp;&nbsp;&nbsp; Coborrower FTHB | 0 | 42 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Coborrower Last Name | 1 | 112 | 0.89% | 158 |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Coborrower Mailing City | 10 | 112 | 8.93% | 158 |
| &nbsp;&nbsp;&nbsp; Coborrower Mailing State | 0 | 112 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Coborrower Mailing Street | 13 | 112 | 11.61% | 158 |
| &nbsp;&nbsp;&nbsp; Coborrower Mailing Zip | 11 | 112 | 9.82% | 158 |
| &nbsp;&nbsp;&nbsp; Coborrower Middle Name | 37 | 45 | 82.22% | 158 |
| &nbsp;&nbsp;&nbsp; Coborrower Self-Employed? | 1 | 102 | 0.98% | 158 |
| &nbsp;&nbsp;&nbsp; Coborrower SSN | 0 | 112 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Contract Sales Price | 1 | 1 | 100.00% | 158 |
| &nbsp;&nbsp;&nbsp; Creditor Application Date | 1 | 4 | 25.00% | 158 |
| &nbsp;&nbsp;&nbsp; Escrow Account | 26 | 128 | 20.31% | 158 |
| &nbsp;&nbsp;&nbsp; First Payment Date | 3 | 152 | 1.97% | 158 |
| &nbsp;&nbsp;&nbsp; Has FTHB | 3 | 18 | 16.67% | 158 |
| &nbsp;&nbsp;&nbsp; Investor: Qualifying Total Debt Ratio | 3 | 156 | 1.92% | 158 |
| &nbsp;&nbsp;&nbsp; Lien Position | 0 | 40 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; LTV Valuation Value | 1 | 136 | 0.74% | 158 |
| &nbsp;&nbsp;&nbsp; Maturity Date | 0 | 49 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; MERS Min Number | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Note Date | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Occupancy | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Original CLTV | 0 | 157 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Original Interest Rate | 0 | 156 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Original Loan Amount | 2 | 158 | 1.27% | 158 |
| &nbsp;&nbsp;&nbsp; Original LTV | 0 | 157 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Original P&I | 0 | 54 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Original Term | 0 | 121 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Origination Channel | 26 | 114 | 22.81% | 158 |
| &nbsp;&nbsp;&nbsp; Originator Application Date | 0 | 4 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Originator Loan Designation | 0 | 130 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Prepayment Penalty | 0 | 55 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Property Type | 4 | 156 | 2.56% | 158 |
| &nbsp;&nbsp;&nbsp; Purpose | 0 | 157 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Refi Purpose | 41 | 50 | 82.00% | 158 |
| &nbsp;&nbsp;&nbsp; Representative FICO | 1 | 158 | 0.63% | 158 |
| &nbsp;&nbsp;&nbsp; State | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Street | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; Zip | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp; **Total** | **444** | **6678** | **6.65%** | **158** |

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

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Amortization Type** | **Loan <br>Count** | **% of <br>Loans** | **Original <br>Balance** | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Fixed | 158 | 100.00% | $203531730.00 | 100.00% |
| &nbsp;&nbsp;&nbsp; **Total** | **158** | **100.00%** | **$203531730.00** | **100.00%** |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Lien Position** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; 1 | 158 | 100.00% | $203531730.00 | 100.00% |
| &nbsp;&nbsp;&nbsp; **Total** | **158** | **100.00%** | **$203531730.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Loan Purpose** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Cash Out: Other/Multi-purpose/Unknown Purpose | 7 | 4.43% | $9643000.00 | 4.74% |
| &nbsp;&nbsp;&nbsp; Limited Cash-Out | 2 | 1.27% | $2303000.00 | 1.13% |
| &nbsp;&nbsp;&nbsp; First Time Home Purchase | 21 | 13.29% | $27067878.00 | 13.30% |
| &nbsp;&nbsp;&nbsp; Other-than-first-time Home Purchase | 87 | 55.06% | $112982361.00 | 55.51% |
| &nbsp;&nbsp;&nbsp; Rate/Term Refinance - Borrower Initiated | 41 | 25.95% | $51535491.00 | 25.32% |
| &nbsp;&nbsp;&nbsp; **Total** | **158** | **100.00%** | **$203531730.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Original Term** | **Loan <br>Count** | **% of** <br> **Loans**  | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; 181-240 Months | 1 | 0.63% | $988000.00 | 0.49% |
| &nbsp;&nbsp;&nbsp; 241-360 Months | 157 | 99.37% | $202543730.00 | 99.51% |
| &nbsp;&nbsp;&nbsp; **Total** | **158** | **100.00%** | **$203531730.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Property Type** | **Loan <br>Count** | **% of** <br> **Loans**  | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Single Family Detached | 89 | 56.33% | $119907217.00 | 58.91% |
| &nbsp;&nbsp;&nbsp; Condo, Low Rise | 6 | 3.80% | $6917805.00 | 3.40% |
| &nbsp;&nbsp;&nbsp; PUD | 63 | 39.87% | $76706708.00 | 37.69% |
| &nbsp;&nbsp;&nbsp; **Total** | **158** | **100.00%** | **$203531730.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Occupancy** | **Loan <br>Count** | **% of** <br> **Loans**  | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Primary | 147 | 93.04% | $188680980.00 | 92.70% |
| &nbsp;&nbsp;&nbsp; Second Home | 11 | 6.96% | $14850750.00 | 7.30% |
| &nbsp;&nbsp;&nbsp; **Total** | **158** | **100.00%** | **$203531730.00** | **100.00%** |

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## Exhibit 99.7

**EXHIBIT 99.7** 

**AMC DATA COMPARE REPORT** 

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**Exhibit 99.7**![LOGO](g57073g0923085834578.jpg)

**Data Compare Summary (Total)** 

**Run Date - 12/29/2025 4:27:02 PM** 

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Field Label** | **Loans With Discrepancy** | **Total Times Compared** | **% Variance** | **# Of Loans** |
| &nbsp;&nbsp;&nbsp;Street | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;City | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;State | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Zip | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Borrower First Name | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Borrower Last Name | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Borrower SSN | 1 | 158 | 0.63% | 158 |
| &nbsp;&nbsp;&nbsp;Coborrower First Name | 2 | 112 | 1.79% | 158 |
| &nbsp;&nbsp;&nbsp;Coborrower Last Name | 1 | 112 | 0.89% | 158 |
| &nbsp;&nbsp;&nbsp;Coborrower SSN | 0 | 112 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Note Date | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Original Loan Amount | 2 | 158 | 1.27% | 158 |
| &nbsp;&nbsp;&nbsp;Original Term | 0 | 121 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Amortization Term | 0 | 52 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Representative FICO | 1 | 158 | 0.63% | 158 |
| &nbsp;&nbsp;&nbsp;Occupancy | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Purpose | 0 | 157 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;# of Units | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Refi Purpose | 41 | 50 | 82.00% | 158 |
| &nbsp;&nbsp;&nbsp;Appraisal Effective Date | 7 | 8 | 87.50% | 158 |
| &nbsp;&nbsp;&nbsp;Originator Loan Designation | 0 | 130 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Borrower Self-Employed? | 4 | 143 | 2.80% | 158 |
| &nbsp;&nbsp;&nbsp;Coborrower Self-Employed? | 1 | 102 | 0.98% | 158 |
| &nbsp;&nbsp;&nbsp;Borrower FTHB | 15 | 62 | 24.19% | 158 |
| &nbsp;&nbsp;&nbsp;Coborrower FTHB | 0 | 42 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Has FTHB | 3 | 18 | 16.67% | 158 |
| &nbsp;&nbsp;&nbsp;Borrower Birth Date | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Coborrower Birth Date | 9 | 112 | 8.04% | 158 |
| &nbsp;&nbsp;&nbsp;MERS Min Number | 0 | 158 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Borrower Mailing Street | 55 | 158 | 34.81% | 158 |
| &nbsp;&nbsp;&nbsp;Borrower Mailing City | 37 | 158 | 23.42% | 158 |
| &nbsp;&nbsp;&nbsp;Borrower Mailing State | 5 | 158 | 3.16% | 158 |
| &nbsp;&nbsp;&nbsp;Borrower Mailing Zip | 47 | 158 | 29.75% | 158 |
| &nbsp;&nbsp;&nbsp;Coborrower Mailing Street | 13 | 112 | 11.61% | 158 |
| &nbsp;&nbsp;&nbsp;Coborrower Mailing City | 10 | 112 | 8.93% | 158 |
| &nbsp;&nbsp;&nbsp;Coborrower Mailing State | 0 | 112 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Coborrower Mailing Zip | 11 | 112 | 9.82% | 158 |
| &nbsp;&nbsp;&nbsp;Property Type | 4 | 156 | 2.56% | 158 |
| &nbsp;&nbsp;&nbsp;Lien Position | 0 | 40 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Original CLTV | 0 | 157 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Original LTV | 0 | 157 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Prepayment Penalty | 0 | 55 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;LTV Valuation Value | 1 | 136 | 0.74% | 158 |
| &nbsp;&nbsp;&nbsp;Investor: Qualifying Total Debt Ratio | 3 | 156 | 1.92% | 158 |
| &nbsp;&nbsp;&nbsp;Original Interest Rate | 0 | 156 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Appraisal Date | 3 | 3 | 100.00% | 158 |
| &nbsp;&nbsp;&nbsp;Appraised Value | 0 | 21 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Contract Sales Price | 1 | 1 | 100.00% | 158 |
| &nbsp;&nbsp;&nbsp;Borrower Citizenship | 4 | 141 | 2.84% | 158 |
| &nbsp;&nbsp;&nbsp;Coborrower Citizenship | 16 | 100 | 16.00% | 158 |
| &nbsp;&nbsp;&nbsp;Amortization Type | 0 | 155 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Originator Application Date | 0 | 4 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Origination Channel | 26 | 114 | 22.81% | 158 |
| &nbsp;&nbsp;&nbsp;Borrower Middle Name | 54 | 69 | 78.26% | 158 |
| &nbsp;&nbsp;&nbsp;Escrow Account | 26 | 128 | 20.31% | 158 |
| &nbsp;&nbsp;&nbsp;First Payment Date | 3 | 152 | 1.97% | 158 |
| &nbsp;&nbsp;&nbsp;Creditor Application Date | 1 | 4 | 25.00% | 158 |
| &nbsp;&nbsp;&nbsp;Coborrower Middle Name | 37 | 45 | 82.22% | 158 |
| &nbsp;&nbsp;&nbsp;Original P&I | 0 | 54 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;Maturity Date | 0 | 49 | 0.00% | 158 |
| &nbsp;&nbsp;&nbsp;**Total** | **444** | **6678** | **6.65%** | **158** |

---

## Exhibit 99.8

**EXHIBIT 99.8** 

**AMC EXCEPTION GRADES** 

------

**Exhibit 99.8**![LOGO](g57073g12b04.jpg)

**Exception Grades** 

**Run Date - 12/29/2025 4:26:58 PM** 

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 158 | XXX | XXX | XXX |  | 32448504 | 9009683-<br>6572 | 12/19/2024 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/XXX) | The file is<br>missing<br>proof of<br>receipt of<br>the updated<br>appraisal<br>with a<br>report date<br>of XXX.<br>The<br>appraisal is<br>required to<br>be received<br>no less than<br>three<br>business<br>days prior to<br>closing. |  |  |  |  |  |  | 12/19/2024 | 2 B | XXX | PA | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 158 | XXX | XXX | XXX |  | 32448505 | 9009683-<br>34962 | 12/19/2024 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Client:XXX/<br>XXX) | The file is<br>missing<br>proof of<br>receipt of<br>the updated<br>appraisal<br>with a<br>report date<br>of XXX The<br>appraisal is<br>required to<br>be received<br>no less than<br>three<br>business<br>days prior to<br>closing. |  |  |  |  |  |  | 12/19/2024 | 2 B | XXX | PA | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 158 | XXX | XXX | XXX |  | 32448507 | 9009683-<br>30184 | 12/19/2024 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets - S-<br>Corp | General QM:<br>Unable to<br>verify S-Corp<br>income using<br>reasonably<br>reliable third-<br>party records.<br>(XXX and<br>XXX/S-Corp) | Missing<br>signed and<br>dated<br>personal<br>and<br>business tax<br>returns. |  |  |  | Reviewer<br>Comment<br>(2025-01-02):<br>Signed and<br>dated personal<br>and business<br>returns<br>provided Seller<br>Comment<br>(2024-12-30):<br>signed | 01/02/2025 |  |  | 1 C A | XXX | PA | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 158 | XXX | XXX | XXX |  | 32448508 | 9009683-<br>6583 | 12/19/2024 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$1,000.00<br>exceeds<br>tolerance of<br>$700.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing.<br>(7506) | Appraisal<br>Fee was last<br>disclosed as<br>$700.00 on<br>Loan<br>Estimate but<br>disclosed as<br>$1,000.00<br>on Final<br>Closing<br>Disclosure<br>dated XXX.<br>File does<br>not contain<br>a valid COC<br>for this fee,<br>nor<br>evidence of<br>cure in file. |  |  |  | Reviewer<br>Comment<br>(2024-12-19):<br>Sufficient Cure<br>Provided At<br>Closing |  | 12/19/2024 |  | 1 A | XXX | PA | Primary | Refinance<br>- Cash-<br>out -<br>Other | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 158 | XXX | XXX | XXX |  | 32448510 | 9009683-<br>3867 | 12/19/2024 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Fail. | Loan<br>Designation<br>of Safe<br>Harbor QM<br>(APOR)<br>does not<br>match Due<br>Diligence<br>Loan<br>Designation<br>of QM<br>(APOR)<br>Fail. |  |  |  | Reviewer<br>Comment<br>(2025-01-02):<br>Signed and<br>dated personal<br>and business<br>returns<br>provided Seller<br>Comment<br>(2024-12-30):<br>signed | 01/02/2025 |  |  | 1 B A C | XXX | PA | Primary | Refinance<br>- Cash-<br>out -<br>Other | Lender to<br>provide<br>updated ATR/<br>QM status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 158 | XXX | XXX | XXX |  | 32448511 | 9009683-<br>4433 | 12/19/2024 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Will Not Have<br>Escrow -<br>Reason | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Disclosures:<br>Final Closing<br>Disclosure<br>provided on<br>XXX<br>incorrectly<br>disclosed<br>whether the<br>loan will have<br>an escrow<br>account.<br>(Final/XXX) | Section left<br>blank. |  |  |  | Reviewer<br>Comment<br>(2024-12-31):<br>SitusAMC<br>received Letter<br>of Explanation<br>& Corrected<br>Closing<br>Disclosure.<br>Seller<br>Comment<br>(2024-12-30):<br>PCCD |  | 12/31/2024 |  | 2 C B | XXX | PA | Primary | Refinance<br>- Cash-<br>out -<br>Other | Letter of<br>Explanation &<br>Corrected<br>Closing<br>Disclosure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 158 | XXX | XXX | XXX |  | 32706038 | 9009683-<br>35034 | 01/24/2025 | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | Borrower:<br>XXX | Upon<br>further<br>review,<br>Updated<br>condition;<br>When tax<br>returns are<br>used for<br>qualification<br>purposes,<br>tax<br>transcripts<br>for the most<br>recent one<br>year's<br>personal<br>returns are<br>required. |  |  |  | Reviewer<br>Comment<br>(2025-05-08):<br>Transcripts<br>provided | 05/08/2025 |  |  | 1 A | XXX | PA | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 158 | XXX | XXX | XXX |  | 32706046 | 9009683-<br>30196 | 01/24/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing<br>one or more<br>guideline<br>components,<br>the loan is at<br>QM risk. | Upon<br>further<br>review,<br>Updated<br>condition;<br>When tax<br>returns are<br>used for<br>qualification<br>purposes,<br>tax<br>transcripts<br>for the most<br>recent one<br>year's<br>personal<br>returns are<br>required. |  |  |  | Reviewer<br>Comment<br>(2025-05-08):<br>Transcripts<br>provided | 05/08/2025 |  |  | 1 A | XXX | PA | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 159 | XXX | XXX | XXX |  | 32670475 | 9035809-<br>6572 | 01/21/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 01/21/2025 | 2 B | XXX | TX | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 159 | XXX | XXX | XXX |  | 32670485 | 9035809-<br>7037 | 01/21/2025 | Compliance | Compliance | Federal<br>Compliance | TILA<br>Right-to-<br>Cancel<br>Missing,<br>Incorrect,<br>Incomplete<br>and/or<br>provided<br>on the<br>wrong<br>form | Notice of<br>Right to<br>Cancel<br>Missing | Truth in<br>Lending Act:<br>Notice of<br>Right to<br>Cancel was not<br>provided. | Missing<br>Document<br>in the File |  |  |  | Reviewer<br>Comment<br>(2025-02-21):<br>Documentation<br>provided<br>verifying the<br>construction<br>loan paid off<br>was used to<br>build the<br>property.<br>Rescission is<br>not applicable.<br>Seller<br>Comment<br>(2025-02-20):<br>The 2020 lien<br>was on vacant<br>land. Per<br>1026.23, when<br>a consumer<br>buys or builds<br>a new dwelling<br>that will<br>become the<br>consumer's<br>principal<br>dwelling<br>within one<br>year or upon<br>completion of<br>construction,<br>the new<br>dwelling is<br>considered the<br>principal<br>dwelling if it<br>secures the<br>acquisition or<br>construction<br>loan. In that<br>case, the<br>transaction<br>secured by the<br>new dwelling<br>is a residential<br>mortgage<br>transaction and<br>is not<br>rescindable<br>Reviewer<br>Comment<br>(2025-02-13):<br>The lender<br>rebuttal<br>provided is not<br>sufficient.<br>Additional<br>documentation<br>is required to<br>determine if<br>the loan is<br>subject to<br>rescission.<br>Unable to<br>determine the<br>nature of the<br>lien on the<br>property from<br>2020.<br>Condition<br>remains Seller<br>Comment<br>(2025-02-12):<br>Lender<br>response<br>Reviewer<br>Comment<br>(2025-02-04):<br>Additional<br>documentation<br>is still<br>required. The<br>property<br>history on the<br>fraud report<br>verified a prior<br>mortgage on<br>the property<br>dated<br>11/22/2020,<br>which is prior<br>to the<br>construction<br>loan paid off<br>that originated<br>04/25/2022. If<br>the prior lien<br>was used to<br>acquire the<br>property,<br>rescission may<br>apply.<br>Condition<br>remains Seller<br>Comment<br>(2025-02-03):<br>Response<br>Reviewer<br>Comment<br>(2025-01-30):<br>Agreed that<br>rescission does<br>not apply if the<br>loan being paid<br>off is a<br>construction<br>loan obtained<br>by the<br>borrower to<br>acquire/<br>construct the<br>property.<br>However,<br>unable to<br>determine the<br>lien paid off<br>was used to<br>acquire the<br>property.<br>Additional<br>documentation<br>is required.<br>Seller<br>Comment<br>(2025-01-30):<br>Loan is a new<br>construction -<br>NRTC is not<br>required<br>Reviewer<br>Comment<br>(2025-01-29):<br>Subject is a<br>Rate/Term<br>refinance<br>transaction.<br>The NORTC is<br>required.<br>Condition<br>remains Seller<br>Comment<br>(2025-01-28):<br>Notice of<br>Right to<br>Cancel is not<br>required on a<br>purchase | 02/21/2025 |  |  | 1 C A | XXX | TX | Primary | Refinance<br>- Rate/<br>Term | TILA ROR -<br>Provide the<br>following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery, and<br>Re-open<br>Rescission<br>using the<br>correct model<br>form C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 159 | XXX | XXX | XXX |  | 32670505 | 9035809-<br>2903 | 01/21/2025 | Compliance | Compliance | Miscellaneous<br>Compliance | TILA | Missing<br>Document:<br>Right to<br>Cancel (RTC)<br>not provided |  | File is<br>Missing<br>with Right<br>to Cancel<br>document |  |  |  | Reviewer<br>Comment<br>(2025-02-21):<br>Documentation<br>provided<br>verifying the<br>construction<br>loan paid off<br>was used to<br>build the<br>property.<br>Rescission is<br>not applicable.<br>Reviewer<br>Comment<br>(2025-02-04):<br>Additional<br>documentation<br>is still<br>required. The<br>property<br>history on the<br>fraud report<br>verified a prior<br>mortgage on<br>the property<br>dated<br>11/22/2020,<br>which is prior<br>to the<br>construction<br>loan paid off<br>that originated<br>04/25/2022. If<br>the prior lien<br>was used to<br>acquire the<br>property,<br>rescission may<br>apply.<br>Condition<br>remains Seller<br>Comment<br>(2025-02-03):<br>Loan is a new<br>construction -<br>NRTC is not<br>required<br>Reviewer<br>Comment<br>(2025-01-30):<br>Agreed that<br>rescission does<br>not apply if the<br>loan being paid<br>off is a<br>construction<br>loan obtained<br>by the<br>borrower to<br>acquire/<br>construct the<br>property.<br>However,<br>unable to<br>determine the<br>lien paid off<br>was used to<br>acquire the<br>property.<br>Additional<br>documentation<br>is required.<br>Seller<br>Comment<br>(2025-01-30):<br>Loan is a new<br>construction -<br>NRTC is not<br>required<br>Reviewer<br>Comment<br>(2025-01-29):<br>Subject is a<br>Rate/Term<br>refinance<br>transaction.<br>The NORTC is<br>required.<br>Condition<br>remains Seller<br>Comment<br>(2025-01-28):<br>Notice of<br>Right to<br>Cancel is not<br>required on a<br>purchase | 02/21/2025 |  |  | 1 C A | XXX | TX | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 159 | XXX | XXX | XXX |  | 32673992 | 9035809-<br>6583 | 01/21/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$165.74<br>exceeds<br>tolerance of<br>$125.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing.<br>(7520) |  |  |  |  | Reviewer<br>Comment<br>(2025-01-21):<br>Sufficient Cure<br>Provided At<br>Closing |  | 01/21/2025 |  | 1 A | XXX | TX | Primary | Refinance<br>- Rate/<br>Term | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 160 | XXX | XXX | XXX |  | 32714914 | 9044268-<br>34956 | 01/27/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Amount<br>Financed Test | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Calculations:<br>Final Closing<br>Disclosure<br>provided on<br>XXX disclosed<br>an Amount<br>Financed<br>disclosed an<br>inaccurate<br>Amount<br>Financed. The<br>disclosed<br>Amount<br>Financed in<br>the amount of<br>$XXX is over<br>disclosed by<br>$329.40<br>compared to<br>the calculated<br>Amount<br>Financed of<br>$XXX and the<br>disclosed<br>Finance<br>Charge is not<br>accurate within<br>applicable<br>tolerances for<br>Amount<br>Financed to be<br>considered<br>accurate (fee<br>amounts<br>included in<br>Amount<br>Financed and<br>Finance<br>Charge<br>calculations<br>are based on<br>Closing<br>Disclosure<br>dated XXX).<br>(Final/XXX) | The<br>difference is<br>due to the<br>Title-Tax<br>Map<br>Verification<br>was<br>included in<br>the prepaid<br>finance<br>charges.<br>Unable to<br>determine<br>the root of<br>the fee to<br>determine if<br>it should be<br>included in<br>the prepaid<br>finance<br>charges or<br>not. |  |  |  | Reviewer<br>Comment<br>(2025-02-21):<br>SitusAMC<br>received<br>PCCD, LOE,<br>Copy of refund<br>check and<br>proof of<br>mailing. Seller<br>Comment<br>(2025-02-20):<br>cure Reviewer<br>Comment<br>(2025-02-04):<br>SitusAMC<br>received<br>rebuttal and<br>finance charge<br>calculation.<br>Appears there<br>are 2 fees<br>being included<br>in the<br>SitusAMC<br>calculation that<br>lender did not<br>include. The<br>rebuttal did not<br>give the<br>specific<br>purpose and<br>services in<br>order to<br>determine if a<br>finance charge.<br>Regarding the<br>Title-Service<br>Charge of $50,<br>rebuttal states<br>the fee is<br>generally not<br>considered an<br>APR fee, but<br>no explanation<br>of the services<br>& purpose of<br>this fee was<br>explained. The<br>other fee for<br>the Title-Tax<br>Map<br>Verification<br>fee for $552.42<br>did not clarify<br>the purpose &<br>services to<br>determine if a<br>finance charge<br>and if a one<br>time fee at<br>closing. Please<br>provide lender<br>attestation<br>providing the<br>additional<br>information to<br>determine if<br>finance<br>charges. Seller<br>Comment<br>(2025-02-03):<br>Finance<br>Charge |  | 02/21/2025 |  | 2 C B | XXX | NY | Primary | Purchase | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 160 | XXX | XXX | XXX |  | 32714915 | 9044268-<br>4376 | 01/27/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Finance<br>Charge | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Calculations:<br>Final Closing<br>Disclosure<br>provided on<br>XXX disclosed<br>an inaccurate<br>Finance<br>Charge on<br>page 5 that<br>does not match<br>the actual<br>Finance<br>Charge for the<br>loan. The<br>disclosed<br>Finance<br>Charge in the<br>amount of<br>$XXX is under<br>disclosed by<br>$329.40<br>compared to<br>the calculated<br>Finance<br>Charge of<br>$XXX which<br>exceeds the<br>$100.00<br>threshold (fee<br>amounts<br>included in<br>Finance<br>Charge<br>calculation are<br>based on<br>Closing<br>Disclosure<br>dated XXX).<br>(Final/XXX) | The<br>difference is<br>due to the<br>Title-Tax<br>Map<br>Verification<br>was<br>included in<br>the prepaid<br>finance<br>charges.<br>Unable to<br>determine<br>the root of<br>the fee to<br>determine if<br>it should be<br>included in<br>the prepaid<br>finance<br>charges or<br>not. |  |  |  | Reviewer<br>Comment<br>(2025-02-21):<br>SitusAMC<br>received<br>PCCD, LOE,<br>Copy of refund<br>check and<br>proof of<br>mailing. Seller<br>Comment<br>(2025-02-20):<br>cure Reviewer<br>Comment<br>(2025-02-04):<br>SitusAMC<br>received<br>rebuttal and<br>finance charge<br>calculation.<br>Appears there<br>are 2 fees<br>being included<br>in the<br>SitusAMC<br>calculation that<br>lender did not<br>include. The<br>rebuttal did not<br>give the<br>specific<br>purpose and<br>services in<br>order to<br>determine if a<br>finance charge.<br>Regarding the<br>Title-Service<br>Charge of $50,<br>rebuttal states<br>the fee is<br>generally not<br>considered an<br>APR fee, but<br>no explanation<br>of the services<br>& purpose of<br>this fee was<br>explained. The<br>other fee for<br>the Title-Tax<br>Map<br>Verification<br>fee for $552.42<br>did not clarify<br>the purpose &<br>services to<br>determine if a<br>finance charge<br>and if a one<br>time fee at<br>closing. Please<br>provide lender<br>attestation<br>providing the<br>additional<br>information to<br>determine if<br>finance<br>charges. Seller<br>Comment<br>(2025-02-03):<br>Finance<br>Charge |  | 02/21/2025 |  | 2 C B | XXX | NY | Primary | Purchase | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Refund check<br>for<br>underdisclosed<br>amount,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | XXX | XXX |  | 33817526 | 9205866-<br>35034 | 07/02/2025 | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | Borrower:<br>XXX |  |  |  |  | Reviewer<br>Comment<br>(2025-07-22):<br>Proof of No<br>record of<br>return filed<br>provided<br>which met the<br>guideline<br>requirements<br>Seller<br>Comment<br>(2025-07-21):<br>2024 tax return<br>transcripts<br>were not<br>available at the<br>time of<br>closing. In this<br>situation the<br>Jumbo<br>guidelines<br>provide an<br>alternate<br>approach.<br>Please see<br>attached<br>guidelines<br>along with<br>supporting<br>documentation. | 07/22/2025 |  |  | 1 C A | XXX | MD | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | XXX | XXX |  | 33819319 | 9205866-<br>2918 | 07/02/2025 | Credit | Loan Package<br>Documentation | Closing /<br>Title | Missing<br>Document | Missing<br>Document:<br>Rider - Other<br>not provided |  | XXX County<br>Addendum<br>To Deed of<br>Trust is<br>missing in the<br>file. |  |  |  | Reviewer<br>Comment<br>(2025-07-18):<br>Addendum<br>received Seller<br>Comment<br>(2025-07-16):<br>Recorded<br>mortgage | 07/18/2025 |  |  | 1 C A | XXX MD | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | XXX | XXX |  | 33819323 | 9205866-<br>30198 | 07/02/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets - REO<br>Schedule E<br>Method | General QM:<br>Unable to<br>verify Real<br>Estate Owned<br>income<br>(Schedule E<br>Method). File<br>does not<br>contain most<br>recent year<br>Tax<br>Transcripts,<br>signed and<br>dated 1040's<br>or Schedule E.<br>(XXX/<br>Schedule E) | Missing<br>signed and<br>dated Tax<br>Returns or<br>most recent<br>year Tax<br>Transcripts. |  |  |  | Reviewer<br>Comment<br>(2025-08-13):<br>Signed and<br>dated tax<br>returns<br>provided Seller<br>Comment<br>(2025-08-12):<br>Returns<br>Reviewer<br>Comment<br>(2025-07-29):<br>This is not a<br>guideline issue<br>as stated in<br>previous<br>comments. The<br>most recent<br>years signed<br>and dated tax<br>returns or<br>transcripts are<br>required for<br>QM testing.<br>Since the 2024<br>transcripts<br>were not<br>provided, but<br>the 2024<br>personal and<br>business tax<br>returns were<br>provided to<br>qualify, the<br>signed and<br>dated 2024<br>personal and<br>business tax<br>returns are<br>required. The<br>condition is<br>valid and<br>remains open<br>Seller<br>Comment<br>(2025-07-29):<br>2024 tax return<br>transcripts<br>were not<br>available at the<br>time of<br>closing. In this<br>situation the<br>Jumbo<br>guidelines<br>provide an<br>alternate<br>approach.<br>Please see<br>attached<br>guidelines<br>along with<br>supporting<br>documentation.<br>Reviewer<br>Comment<br>(2025-07-28):<br>This condition<br>is not related to<br>the guideline<br>requirement.<br>This is a QM<br>condition and<br>it is valid. A<br>copy of the<br>signed and<br>dated 2024<br>personal and<br>business tax<br>returns are<br>required.<br>Condition is<br>valid and<br>remains open<br>Seller<br>Comment<br>(2025-07-24):<br>Exception<br>33817526 was<br>cleared. Can<br>this exception<br>be cleared as<br>well? | 08/13/2025 |  |  | 1 C A | XXX MD | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | XXX | XXX |  | 33819324 | 9205866-<br>30198 | 07/02/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets - REO<br>Schedule E<br>Method | General QM:<br>Unable to<br>verify Real<br>Estate Owned<br>income<br>(Schedule E<br>Method). File<br>does not<br>contain most<br>recent year<br>Tax<br>Transcripts,<br>signed and<br>dated 1040's<br>or Schedule E.<br>(XXX/<br>Schedule E) | Missing<br>signed and<br>dated Tax<br>Returns or<br>most recent<br>year Tax<br>Transcripts. |  |  |  | Reviewer<br>Comment<br>(2025-08-13):<br>Signed and<br>dated tax<br>returns<br>provided Seller<br>Comment<br>(2025-08-12):<br>Returns<br>Reviewer<br>Comment<br>(2025-07-29):<br>This is not a<br>guideline issue<br>as stated in<br>previous<br>comments. The<br>most recent<br>years signed<br>and dated tax<br>returns or<br>transcripts are<br>required for<br>QM testing.<br>Since the 2024<br>transcripts<br>were not<br>provided, but<br>the 2024<br>personal and<br>business tax<br>returns were<br>provided to<br>qualify, the<br>signed and<br>dated 2024<br>personal and<br>business tax<br>returns are<br>required. The<br>condition is<br>valid and<br>remains open<br>Seller<br>Comment<br>(2025-07-29):<br>2024 tax return<br>transcripts<br>were not<br>available at the<br>time of<br>closing. In this<br>situation the<br>Jumbo<br>guidelines<br>provide an<br>alternate<br>approach.<br>Please see<br>attached<br>guidelines<br>along with<br>supporting<br>documentation.<br>Reviewer<br>Comment<br>(2025-07-28):<br>This condition<br>is not related to<br>the guideline<br>requirement.<br>This is a QM<br>condition and<br>it is valid. A<br>copy of the<br>signed and<br>dated 2024<br>personal and<br>business tax<br>returns are<br>required.<br>Condition is<br>valid and<br>remains open<br>Seller<br>Comment<br>(2025-07-24):<br>Exception<br>33817526 was<br>cleared. Can<br>this exception<br>be cleared as<br>well? | 08/13/2025 |  |  | 1 C A | XXX MD | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | XXX | XXX |  | 33819325 | 9205866-<br>30184 | 07/02/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets - S-<br>Corp | General QM:<br>Unable to<br>verify S-Corp<br>income using<br>reasonably<br>reliable third-<br>party records.<br>(XXX XXX/S-<br>Corp) | Missing<br>signed and<br>dated Tax<br>Returns or<br>most recent<br>year Tax<br>Transcripts. |  |  |  | Reviewer<br>Comment<br>(2025-08-13):<br>Signed and<br>dated tax<br>returns<br>provided Seller<br>Comment<br>(2025-08-12):<br>Returns<br>Reviewer<br>Comment<br>(2025-07-29):<br>This is not a<br>guideline issue<br>as stated in<br>previous<br>comments. The<br>most recent<br>years signed<br>and dated tax<br>returns or<br>transcripts are<br>required for<br>QM testing.<br>Since the 2024<br>transcripts<br>were not<br>provided, but<br>the 2024<br>personal and<br>business tax<br>returns were<br>provided to<br>qualify, the<br>signed and<br>dated 2024<br>personal and<br>business tax<br>returns are<br>required. The<br>condition is<br>valid and<br>remains open<br>Seller<br>Comment<br>(2025-07-29):<br>2024 tax return<br>transcripts<br>were not<br>available at the<br>time of<br>closing. In this<br>situation the<br>Jumbo<br>guidelines<br>provide an<br>alternate<br>approach.<br>Please see<br>attached<br>guidelines<br>along with<br>supporting<br>documentation.<br>Reviewer<br>Comment<br>(2025-07-28):<br>This condition<br>is not related to<br>the guideline<br>requirement.<br>This is a QM<br>condition and<br>it is valid. A<br>copy of the<br>signed and<br>dated 2024<br>personal and<br>business tax<br>returns are<br>required.<br>Condition is<br>valid and<br>remains open<br>Seller<br>Comment<br>(2025-07-24):<br>Exception<br>33817526 was<br>cleared. Can<br>this exception<br>be cleared as<br>well? | 08/13/2025 |  |  | 1 C A | XXX MD | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | XXX | XXX |  | 33819326 | 9205866-<br>30196 | 07/02/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing<br>one or more<br>guideline<br>components,<br>the loan is at<br>QM risk. | The loan is<br>missing the<br>2024 tax<br>transcripts<br>requird but<br>the<br>guidelines,<br>the loan is<br>failing QM. |  |  |  | Reviewer<br>Comment<br>(2025-07-22):<br>Proof of No<br>record of<br>return filed<br>provided<br>which met the<br>guideline<br>requirements | 07/22/2025 |  |  | 1 C A | XXX MD | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | XXX | XXX |  | 33819327 | 9205866-<br>34002 | 07/02/2025 | Compliance | Compliance | State<br>Compliance | Misc. State<br>Level | Maryland<br>Counseling<br>Agencies<br>Disclosure Not<br>in File | Maryland<br>HB1399 - No<br>evidence of<br>required<br>counseling<br>disclosure<br>language per<br>Maryland HB<br>1399. | No evidence<br>of required<br>counseling<br>disclosure<br>language per<br>Maryland HB<br>1399. |  |  |  | Buyer<br>Comment<br>(2025-07-25):<br>Initial and<br>Final Grade B,<br>accepted |  |  | 07/25/2025 | 2 B | XXX MD | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | XXX | XXX |  | 33819329 | 9205866-<br>6542 | 07/02/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Pest Inspection<br>Fee. Fee<br>Amount of<br>$49.00<br>exceeds<br>tolerance of<br>$0.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower.<br>(7713) | The Pest<br>Inspection<br>Fee of $49.00<br>wasnt<br>disclosed to<br>the borrower<br>on the LE,<br>there was no<br>Valid COC or<br>lender credit<br>to cover the<br>cost to cure. |  |  |  | Reviewer<br>Comment<br>(2025-07-17):<br>SItusAMC<br>received LOX<br>stating Pest<br>inspection was<br>opted by<br>borrower.<br>Seller<br>Comment<br>(2025-07-16):<br>DOT Seller<br>Comment<br>(2025-07-16):<br>Response | 07/17/2025 |  |  | 1 C A | XXX MD | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | XXX | XXX |  | 33819332 | 9205866-<br>3867 | 07/02/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Fail. | The loan is<br>failing QM<br>due to the<br>missing tax<br>transcripts,<br>the file is<br>incomplete. |  |  |  | Reviewer<br>Comment<br>(2025-08-13):<br>Signed and<br>dated tax<br>returns<br>provided<br>Reviewer<br>Comment<br>(2025-07-29):<br>This is not a<br>guideline issue<br>as stated in<br>previous<br>comments. The<br>most recent<br>years signed<br>and dated tax<br>returns or<br>transcripts are<br>required for<br>QM testing.<br>Since the 2024<br>transcripts<br>were not<br>provided, but<br>the 2024<br>personal and<br>business tax<br>returns were<br>provided to<br>qualify, the<br>signed and<br>dated 2024<br>personal and<br>business tax<br>returns are<br>required. The<br>condition is<br>valid and<br>remains open<br>Seller<br>Comment<br>(2025-07-29):<br>2024 tax return<br>transcripts<br>were not<br>available at the<br>time of<br>closing. In this<br>situation the<br>Jumbo<br>guidelines<br>provide an<br>alternate<br>approach.<br>Please see<br>attached<br>guidelines<br>along with<br>supporting<br>documentation.<br>Reviewer<br>Comment<br>(2025-07-28):<br>This condition<br>is not related to<br>the guideline<br>requirement.<br>This is a QM<br>condition and<br>it is valid. A<br>copy of the<br>signed and<br>dated 2024<br>personal and<br>business tax<br>returns are<br>required.<br>Condition is<br>valid and<br>remains open<br>Seller<br>Comment<br>(2025-07-24):<br>Exception<br>33817526 was<br>cleared. Can<br>this exception<br>be cleared as<br>well? | 08/13/2025 |  |  | 1 B A C | XXX MD | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 162 | XXX | XXX | XXX |  | 33817225 | 9205883-<br>30930 | 07/01/2025 | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title<br>Policy Amount<br>of $XXX is<br>less than the<br>note amount of<br>$XXX based<br>on the<br>Commitment<br>in file. | The<br>preliminary<br>title report in<br>file disclosed<br>an amount of<br>title insurance<br>coverage that<br>is less than<br>the loan<br>amount.<br>Provide a<br>copy of the<br>final title<br>policy or an<br>addendum to<br>the<br>preliminary<br>report<br>verifying title<br>insurance of<br>at least the<br>loan amount. |  |  |  |  |  |  | 07/01/2025 | 2 B | XXX FL | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 162 | XXX | XXX | XXX |  | 33817250 | 9205883-<br>34695 | 07/01/2025 | Compliance | Compliance | Federal<br>Compliance | Compliance | Closing<br>Disclosure<br>Estimated<br>Values | Final Closing<br>Disclosure<br>used for fees<br>provided on<br>XXX contains<br>estimated<br>values that<br>may not<br>represent final<br>terms or<br>closing costs<br>to the<br>borrower.<br>Estimated<br>Closing<br>Disclosure<br>used for any<br>applicable<br>Federal, State<br>or Local<br>compliance<br>testing. If<br>documented<br>evidence is<br>provided that<br>estimate was<br>for repair/<br>construction<br>costs or tax/<br>insurance<br>escrows<br>ONLY (no<br>holdback<br>service fees or<br>other estimated<br>fees), then<br>Estimated<br>Closing<br>Disclosure<br>exception may<br>be cleared.<br>(Post-Close/<br>XXX) | Final Closing<br>Disclosure<br>used for fees<br>provided on<br>XXX<br>contains<br>estimated<br>values that<br>may not<br>represent<br>final terms or<br>closing costs<br>to the<br>borrower.<br>Estimated<br>Closing<br>Disclosure<br>used for any<br>applicable<br>Federal, State<br>or Local<br>compliance<br>testing. If<br>documented<br>evidence is<br>provided that<br>estimate was<br>for repair/<br>construction<br>costs or tax/<br>insurance<br>escrows<br>ONLY (no<br>holdback<br>service fees<br>or other<br>estimated<br>fees), then<br>Estimated<br>Closing<br>Disclosure<br>exception<br>may be<br>cleared.<br>(Post-Close/<br>XXX) |  |  |  | Reviewer<br>Comment<br>(2025-08-19):<br>Proof holdback<br>funds were<br>disbursed to<br>the borrower<br>provided Seller<br>Comment<br>(2025-08-18):<br>Please see<br>documentation<br>provided by<br>the lender.<br>Reviewer<br>Comment<br>(2025-08-04):<br>The 1004D<br>will not clear<br>the condition.<br>A post-close<br>CD removing<br>the Escrow<br>Holdback,<br>LOE to the<br>borrower, and<br>documentation<br>verifying the<br>funds were<br>disbursed is<br>required. The<br>condition is<br>valid and<br>remains open<br>Seller<br>Comment<br>(2025-07-31):<br>1004D<br>showing all<br>work has been<br>completed<br>should be<br>sufficient<br>evidence that<br>the holdback<br>for the<br>completion of<br>the property<br>has been<br>disbursed.<br>Reviewer<br>Comment<br>(2025-07-09):<br>The post-close<br>CD still<br>includes an<br>Escrow<br>Holdback.<br>Proof the funds<br>were disbursed<br>is required.<br>Condition is<br>valid and<br>remains open<br>Seller<br>Comment<br>(2025-07-09):<br>Post CD was<br>provided at<br>time of<br>original<br>submission<br>this finding is<br>invalid | 08/19/2025 |  |  | 1 D A | XXX FL | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 162 | XXX | XXX | XXX |  | 33817251 | 9205883-<br>6415 | 07/01/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Contact<br>Information -<br>Lender | TILA-RESPA<br>Integrated<br>Disclosure -<br>Contact<br>Information:<br>Final Closing<br>Disclosure<br>provided on<br>XXX did not<br>disclose the<br>required<br>Lender<br>Contact<br>Information<br>(Lender Name,<br>Lender NMLS<br>ID, Contact<br>Name, Contact<br>NMLS ID).<br>(Final/XXX) | Final Closing<br>Disclosure<br>provided on<br>XXX did not<br>disclose the<br>required<br>Lender<br>Contact<br>NMLS ID. |  |  |  | Reviewer<br>Comment<br>(2025-07-31):<br>Corrected CD<br>prior to<br>reporting<br>Seller<br>Comment<br>(2025-07-30):<br>All of these<br>documents<br>were provided<br>in the initial<br>upload- See<br>D0520<br>Reviewer<br>Comment<br>(2025-07-09):<br>PCCD<br>provided with<br>the updated<br>information;<br>however in<br>order to cure<br>the condition, a<br>copy of the<br>LOE sent to<br>the borrower is<br>required. Seller<br>Comment<br>(2025-07-09):<br>x |  | 07/31/2025 |  | 2 C B | XXX FL | Primary | Purchase | Letter of<br>Explanation<br>& Corrected<br>Closing<br>Disclosure D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 162 | XXX | XXX | XXX |  | 33817548 | 9205883-<br>34962 | 07/01/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Client:XXX/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 07/01/2025 | 2 B | XXX FL | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 162 | XXX | XXX | XXX |  | 33817892 | 9205883-<br>31264 | 07/01/2025 | Credit | Document<br>Error | General | Document<br>Error | Escrow<br>Holdback<br>present and<br>required<br>documentation<br>not in file. |  | Guidelines do<br>not allow for<br>escrow<br>holdbacks. |  |  |  | Reviewer<br>Comment<br>(2025-08-19):<br>Proof holdback<br>funds were<br>disbursed to<br>the borrower<br>provided | 08/19/2025 |  |  | 1 B A | XXX FL | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 161 | XXX | XXX | XXX |  | 33862779 | 9215672-<br>3867 | 07/08/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Fail. | Loan<br>designation<br>failure due to<br>ATR failure.<br>This<br>exception will<br>be cleared<br>once all ATR<br>specific<br>exceptions<br>have been<br>cured/cleared. |  |  |  | Reviewer<br>Comment<br>(2025-08-08):<br>Internet search<br>verifying the<br>business was<br>provided<br>Reviewer<br>Comment<br>(2025-07-22):<br>Additional<br>copies of the<br>business bank<br>statements and<br>invoices were<br>provided. A<br>third party<br>verification of<br>the self-<br>employment is<br>required per<br>the guides.<br>Condition<br>remains open<br>Seller<br>Comment<br>(2025-07-20):<br>Verification of<br>Empl | 08/08/2025 |  |  | 1 B A C | XXX GA | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 161 | XXX | XXX | XXX |  | 33862780 | 9215672-<br>30211 | 07/08/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Employment -<br>Schedule C | General QM:<br>Unable to<br>verify current<br>Sole<br>Proprietorship<br>status using<br>reasonably<br>reliable third-<br>party records.<br>(XXX,XXX<br>XXX/Schedule<br>C) | Unable to<br>verify current<br>Sole<br>Proprietorship<br>status using<br>reasonably<br>reliable third-<br>party records. |  |  |  | Reviewer<br>Comment<br>(2025-08-08):<br>Internet search<br>verifying the<br>business was<br>provided Seller<br>Comment<br>(2025-08-06):<br>VOE Reviewer<br>Comment<br>(2025-08-01):<br>The XXX<br>report does not<br>verify the<br>business.<br>Condition is<br>valid and<br>remains open<br>Seller<br>Comment<br>(2025-07-30):<br>VOE Reviewer<br>Comment<br>(2025-07-22):<br>Additional<br>copies of the<br>business bank<br>statements and<br>invoices were<br>provided. A<br>third party<br>verification of<br>the self-<br>employment is<br>required per<br>the guides.<br>Condition<br>remains open<br>Seller<br>Comment<br>(2025-07-20):<br>XXX | 08/08/2025 |  |  | 1 C A | XXX GA | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 212 | XXX | XXX | XXX |  | 34392155 | 9370559-<br>35034 | 09/10/2025 | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | Borrower: XXX |  |  |  |  | Reviewer Comment<br>(2025-09-24): Transcripts<br>provided Seller Comment<br>(2025-09-23): Transcripts | 09/24/2025 |  |  | 1 C A | XXX MA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 212 | XXX | XXX | XXX |  | 34392156 | 9370559-<br>35034 | 09/10/2025 | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | Borrower: XXX |  |  |  |  | Reviewer Comment<br>(2025-09-24): Transcripts<br>provided Seller Comment<br>(2025-09-23): Transcripts | 09/24/2025 |  |  | 1 C A | XXX MA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 212 | XXX | XXX | XXX |  | 34392338 | 9370559-<br>6572 | 09/10/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification appraisal was<br>delivered to borrower was<br>not provided. |  |  |  |  |  |  | 09/10/2025 | 2 B | XXX MA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 212 | XXX | XXX | XXX |  | 34392340 | 9370559-<br>3867 | 09/10/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator Loan<br>Designation of<br>Safe Harbor QM<br>(APOR) does<br>not match Due<br>Diligence Loan<br>Designation of<br>QM (APOR)<br>Risk. | Loan designation failure<br>due to ATR failure. This<br>exception will be cleared<br>once all ATR specific<br>exceptions have been<br>cured/cleared. |  |  |  | Reviewer Comment<br>(2025-09-24): Transcripts<br>provided Seller Comment<br>(2025-09-23): Transcripts | 09/24/2025 |  |  | 1 B A C | XXX MA | Primary | Refinance<br>- Rate/<br>Term | Lender<br>to<br>provide<br>updated<br>ATR/<br>QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 212 | XXX | XXX | XXX |  | 34392341 | 9370559-<br>30196 | 09/10/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing one<br>or more<br>guideline<br>components, the<br>loan is at QM<br>risk. | Loan designation failure<br>due to ATR failure. This<br>exception will be cleared<br>once all ATR specific<br>exceptions have been<br>cured/cleared. |  |  |  | Reviewer Comment<br>(2025-09-24): Transcripts<br>provided Seller Comment<br>(2025-09-23): Transcripts | 09/24/2025 |  |  | 1 C A | XXX MA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 209 | XXX | XXX | XXX |  | 34395032 | 9370563-<br>27835 | 09/10/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property<br>-<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is missing a copy<br>of the secondary valuation<br>required for securitization<br>Purposes. |  |  |  | Reviewer Comment<br>(2025-09-12): Received<br>AVM. Exception Cleared.<br>Seller Comment (2025-09-<br>11): HVE | 09/12/2025 |  |  | 1 D A | XXX CA | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 209 | XXX | XXX | XXX |  | 34395561 | 9370563-<br>33305 | 09/10/2025 | Credit | Hazard<br>Insurance | Insufficient<br>Coverage | Hazard<br>Insurance | The Hazard<br>Insurance<br>Policy<br>effective date<br>is after the<br>funds<br>disbursed. | Hazard<br>Insurance Policy<br>Effective Date<br>XXX;<br>Disbursement<br>Date: XXX;<br>Note Date:<br>XXX;<br>Transaction<br>Date: XXX | \*\*\*\*\*\*\*\*\*\*\*\*\*\*\*N/A<br>The HOI was collected at<br>closing the policy date<br>shows the borrower was<br>covered fron the funding<br>date.\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* |  |  |  |  | 09/19/2025 |  |  | 1 C A | XXX CA | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 209 | XXX | XXX | XXX |  | 34401447 | 9370563-<br>32065 | 09/10/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The preliminary title report<br>in file did not disclose the<br>amount of title insurance<br>coverage. Provide a copy<br>of the final title policy or<br>an addendum to the<br>preliminary report<br>verifying title insurance of<br>at least the loan amount. |  |  |  | Reviewer Comment<br>(2025-09-19): Post-close<br>CD and final settlement<br>statement provided<br>verifying an updated<br>disbursement date.<br>Insurance was in effect<br>prior to disbursement<br>Seller Comment (2025-09-<br>18): pccd Reviewer<br>Comment (2025-09-16):<br>The condition is valid. The<br>disbursement date on the<br>final CD is XXX and the<br>effective date of the<br>insurance is XXX. A copy<br>of the final settlement<br>statement and a PCCD<br>verifying an updated<br>disbursement date will<br>clear the condition. Seller<br>Comment (2025-09-15):<br>Can this be cleared based<br>on your comments?<br>\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*N/A<br>The HOI was collected at<br>closing the policy date<br>shows the borrower was<br>covered fron the funding<br>date.\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* |  |  | 09/10/2025 | 2 B | XXX CA | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 209 | XXX | XXX | XXX |  | 34428404 | 9370563-<br>6572 | 09/12/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Secondary/XXX) |  |  |  |  |  |  |  | 09/12/2025 | 2 B | XXX CA | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 209 | XXX | XXX | XXX |  | 34478357 | 9370563-<br>27843 | 09/16/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property<br>-<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 | Upon further review, the<br>AVM is not acceptable for<br>all of the rating agencies.<br>A CDA will be ordered at<br>the request of the client. |  |  |  | Reviewer Comment<br>(2025-09-19): Secondary<br>valuation obtained | 09/19/2025 |  |  | 1 A | XXX CA | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 209 | XXX | XXX | XXX |  | 34481534 | 9370563-<br>30786 | 09/17/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX / Collateral Desktop<br>Analysis (CDA) - No MLS<br>Sheets - 2 Days |  |  |  | Reviewer Comment<br>(2025-09-19): Secondary<br>valuation obtained<br>Reviewer Comment<br>(2025-09-19): Valuation<br>Received - 09/19/2025 | 09/19/2025 |  |  | 1 A | XXX CA | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 216 | XXX | XXX | XXX |  | 34401149 | 9370570-<br>30211 | 09/10/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Employment -<br>Schedule C | General QM:<br>Unable to verify<br>current Sole<br>Proprietorship<br>status using<br>reasonably<br>reliable third-<br>party records.<br>(XXX XXX/<br>Schedule C) |  |  |  |  | Reviewer Comment<br>(2025-10-10): Third party<br>verification provided<br>Reviewer Comment<br>(2025-09-23): The loan<br>was qualified with income<br>from the borrower's S-<br>Corp of $16,901.16 and<br>Sole Proprietorship<br>income of $8,225.50 from<br>schedule C. Third party<br>verification of the Sole<br>Proprietorship was not<br>provided. The condition is<br>valid and remains open<br>Seller Comment (2025-09-<br>22): Invalid request - The<br>only employment the<br>borrower is using to<br>qualify is XXX as per all<br>of the supporting<br>documentation in file -<br>please clear Reviewer<br>Comment (2025-09-16):<br>Business Listing provided<br>is for income source XXX<br>Third Party VOE is<br>required for Schedule C<br>business XXX, XXX.<br>Seller Comment (2025-09-<br>15): Provided in original<br>upload - Print date<br>7/25/2025 | 10/10/2025 |  |  | 1 C A | XXX AL | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 216 | XXX | XXX | XXX |  | 34401150 | 9370570-<br>30225 | 09/10/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns provided<br>are not the most<br>recent.<br>Application Date<br>XXX, Most<br>Recent Tax<br>Return End Date<br>12/31/2023, Tax<br>Return Due Date<br>03/15/2025.<br>(XXX XXX/S-<br>Corp) |  |  |  |  |  |  |  | 09/10/2025 | 2 B | XXX AL | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 216 | XXX | XXX | XXX |  | 34401151 | 9370570-<br>30225 | 09/10/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns provided<br>are not the most<br>recent.<br>Application Date<br>XXX, Most<br>Recent Tax<br>Return End Date<br>12/31/2023, Tax<br>Return Due Date<br>04/15/2025.<br>(XXX,Michael<br>XXX/Schedule<br>C) |  |  |  |  |  |  |  | 09/10/2025 | 2 B | XXX AL | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 216 | XXX | XXX | XXX |  | 34401153 | 9370570-<br>3867 | 09/10/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator Loan<br>Designation of<br>Safe Harbor QM<br>(APOR) does<br>not match Due<br>Diligence Loan<br>Designation of<br>QM (APOR)<br>Fail. | Originator Loan<br>Designation of Safe<br>Harbor QM (APOR) does<br>not match Due Diligence<br>Loan Designation of QM<br>(APOR) Fail. |  |  |  | Reviewer Comment<br>(2025-10-10): Third party<br>verification provided<br>Seller Comment (2025-10-<br>09): Please see attached<br>FINRA which validates<br>the borrower's license and<br>extensive work history as a<br>XXX. This supports his<br>Schedule C business.<br>Reviewer Comment<br>(2025-09-23): The loan<br>was qualified with income<br>from the borrower's S-<br>Corp of $16,901.16 and<br>Sole Proprietorship<br>income of $8,225.50 from<br>schedule C. Third party<br>verification of the Sole<br>Proprietorship was not<br>provided. The condition is<br>valid and remains open<br>Seller Comment (2025-09-<br>22): Invalid request - The<br>only employment the<br>borrower is using to<br>qualify is XXX as per all<br>of the supporting<br>documentation in file -<br>please clear Reviewer<br>Comment (2025-09-16):<br>Business Listing provided<br>is for income source XXX.<br>Third Party VOE is<br>required for Schedule C<br>business XXX, XXX.<br>Seller Comment (2025-09-<br>15): Provided in original<br>upload - Print date<br>7/25/2025 | 10/10/2025 |  |  | 1 B A C | XXX AL | Primary | Purchase | Lender<br>to<br>provide<br>updated<br>ATR/<br>QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 163 | XXX | XXX | XXX |  | 34401041 | 9370571-<br>27835 | 09/10/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | For<br>securitization<br>requirements,<br>a secondary<br>valuation<br>review product<br>is required,<br>which supports<br>original<br>appraised<br>value. The<br>UCDP in file<br>had a risk<br>score of 3.9,<br>which does not<br>meet<br>securitization<br>requirements. |  |  |  | Reviewer<br>Comment<br>(2025-09-12):<br>Received<br>AVM.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-09-11):<br>HVE | 09/12/2025 |  |  | 1 D A | XXX | NJ | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 163 | XXX | XXX | XXX |  | 34402751 | 9370571-<br>3495 | 09/10/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Appraisal<br>Provided Prior to<br>Date Performed | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Date<br>valuation<br>provided to<br>applicant is prior<br>to the date when<br>valuation was<br>performed.<br>Unable to<br>determine<br>compliance with<br>appraisal timing<br>requirements.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 09/10/2025 | 2 B | XXX | NJ | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 163 | XXX | XXX | XXX |  | 34428277 | 9370571-<br>6572 | 09/12/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Copy of Appraisal<br>Not Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Secondary/XXX) |  |  |  |  |  |  |  | 09/12/2025 | 2 B | XXX | NJ | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 163 | XXX | XXX | XXX |  | 34479373 | 9370571-<br>27843 | 09/16/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized. AVM<br>supports value.<br>Vendor/FSD do<br>not meet Fitch<br>criteria. Sec ID:<br>10 | Note Date:<br>XXX; Lien<br>Position: 1 | Upon further<br>review, the<br>AVM is not<br>acceptable for<br>all of the rating<br>agencies. A<br>CDA will be<br>ordered at the<br>request of the<br>client. |  |  |  | Reviewer<br>Comment<br>(2025-09-18):<br>Secondary<br>valuation<br>obtained | 09/18/2025 |  |  | 1 A | XXX | NJ | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 163 | XXX | XXX | XXX |  | 34481535 | 9370571-<br>30786 | 09/17/2025 | Property | Valuation | General | Valuation | Valuation Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-09-18):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-09-18):<br>Valuation<br>Received -<br>09/18/2025 | 09/18/2025 |  |  | 1 A | XXX | NJ | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 199 | XXX | XXX | XXX |  | 34448342 | 9500707-<br>34962 | 09/15/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Copy of Appraisal<br>Not Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Client:XXX/<br>XXX) | Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  | 09/15/2025 | 2 B | XXX | FL | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 199 | XXX | XXX | XXX |  | 34448344 | 9500707-<br>6542 | 09/15/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent Tolerance<br>Violation Without<br>Sufficient Cure<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Survey Fee. Fee<br>Amount of<br>$550.00 exceeds<br>tolerance of<br>$0.00.<br>Insufficient or no<br>cure was<br>provided to the<br>borrower. (7723) | Survey Fee<br>was not<br>disclosed on<br>Loan Estimate.<br>File does not<br>contain a valid<br>COC for this<br>fee, nor<br>evidence of<br>cure. Provide a<br>post-close CD<br>disclosing the<br>tolerance cure<br>to include<br>$550.00, a<br>copy of refund<br>check, proof of<br>delivery, and a<br>copy of the<br>letter of<br>explanation<br>sent to the<br>borrower<br>disclosing the<br>changes made. |  |  |  | Reviewer<br>Comment<br>(2025-09-19):<br>SitusAMC<br>received<br>attestation<br>letter from<br>the seller, and<br>it was<br>confirmed<br>that the<br>Survey fee<br>service was<br>shopped by<br>the borrower<br>and not<br>selected the<br>provider from<br>the list. Seller<br>Comment<br>(2025-09-18):<br>survey<br>Reviewer<br>Comment<br>(2025-09-18):<br>SitusAMC<br>received<br>LOE,<br>however we<br>are unable to<br>determine<br>from the file<br>whether the<br>lender or title<br>company<br>requried the<br>survey. If the<br>lender<br>required, the<br>survey fee<br>then a cure is<br>due to the<br>borrower. If<br>the borrower-<br>chosen<br>service<br>provider<br>further<br>outsourced<br>the Survey<br>Fee, an<br>attestation<br>from the<br>seller is<br>needed. The<br>attestation/<br>letter should<br>confirm that<br>the service<br>was<br>outsourced by<br>the borrower-<br>chosen<br>provider. This<br>attestation<br>would allow<br>us to test the<br>fee under the<br>no tolerance<br>category with<br>the<br>understanding<br>that the new<br>fee added on<br>the CD was<br>imposed by a<br>provider<br>through<br>which the<br>borrower<br>indirectly<br>selected.<br>Seller<br>Comment<br>(2025-09-16):<br>TRID<br>response | 09/19/2025 |  |  | 1 C A | XXX | FL | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 164 | XXX | XXX | XXX |  | 34449005 | 9500709-<br>27835 | 09/15/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-09-16):<br>Secondary<br>valuation<br>provided<br>Seller<br>Comment<br>(2025-09-16):<br>HVE | 09/16/2025 |  |  | 1 D A | XXX | TX | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 164 | XXX | XXX | XXX |  | 34449017 | 9500709-<br>4436 | 09/15/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing (3-<br>Day Waiver In<br>File) | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Borrower<br>waived right to<br>receive a copy of<br>the appraisal at<br>least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not provided<br>at or before<br>closing.<br>(Type:Primary/<br>XXX) |  |  |  |  |  |  |  | 09/15/2025 | 2 B | XXX | TX | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 164 | XXX | XXX | XXX |  | 34477010 | 9500709-<br>30786 | 09/16/2025 | Property | Valuation | General | Valuation | Valuation Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-09-18):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-09-18):<br>Valuation<br>Received -<br>09/18/2025 | 09/18/2025 |  |  | 1 A | XXX | TX | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 164 | XXX | XXX | XXX |  | 34479401 | 9500709-<br>27843 | 09/16/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized. AVM<br>supports value.<br>Vendor/FSD do<br>not meet Fitch<br>criteria. Sec ID:<br>10 | Note Date:<br>XXX; Lien<br>Position: 1 | The AVM is<br>not acceptable<br>for all of the<br>rating<br>agencies. A<br>CDA will be<br>ordered at the<br>request of the<br>client. |  |  |  | Reviewer<br>Comment<br>(2025-09-18):<br>Secondary<br>valuation<br>obtained | 09/18/2025 |  |  | 1 A | XXX | TX | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 164 | XXX | XXX | XXX |  | 34496803 | 9500709-<br>6572 | 09/18/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA Appraisal -<br>Copy of Appraisal<br>Not Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Additional/XXX) |  |  |  |  |  |  |  | 09/18/2025 | 2 B | XXX | TX | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 192 | XXX | XXX | XXX |  | 34591906 | 9557108-<br>3882 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | Missing<br>Disclosure | Acknowledgement<br>of Borrower<br>Receipt of Notice<br>of Special Flood<br>Hazard Disclosure<br>Missing | FDPA<br>Notification<br>Rule: Creditor<br>did not retain<br>record of<br>borrower's<br>receipt of Notice<br>of Special Flood<br>Hazard<br>Disclosure. | Creditor did<br>not retain<br>record of<br>borrower's<br>receipt of<br>Notice of<br>Special Flood<br>Hazard<br>Disclosure. |  |  |  | Buyer<br>Comment<br>(2025-10-16):<br>Initial and<br>Final Grade<br>B, accepted. |  |  | 10/16/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Limited<br>Cash-out<br>GSE | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 192 | XXX | XXX | XXX |  | 34591908 | 9557108-<br>5340 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | Flood | Flood Insurance<br>Escrow - Flood<br>not Escrowed for<br>Property in Flood<br>Zone | Loan originated<br>post December<br>2015, the subject<br>property is in a<br>flood zone, flood<br>insurance is not<br>escrowed. | Loan<br>originated post<br>December<br>2015, the<br>subject<br>property is in a<br>flood zone,<br>flood<br>insurance is<br>not escrowed. |  |  |  | Buyer<br>Comment<br>(2025-10-16):<br>Initial and<br>Final Grade<br>B, accepted. |  |  | 10/16/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Limited<br>Cash-out<br>GSE | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 192 | XXX | XXX | XXX |  | 34591924 | 9557108-<br>32065 | 09/29/2025 | Credit | Title | Document<br>Error | Title | The Preliminary<br>title policy is<br>within CA or NV<br>and does not<br>reflect a coverage<br>amount (no final<br>title policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>Preliminary<br>Title Policy is<br>within CA and<br>does not<br>reflect a<br>coverage<br>amount (no<br>Final Title<br>Policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  | 09/29/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Limited<br>Cash-out<br>GSE | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 192 | XXX | XXX | XXX |  | 34591928 | 9557108-<br>2835 | 09/29/2025 | Credit | Insurance | Insurance<br>Documentation | Insurance | Missing<br>Document:<br>Flood<br>Insurance<br>Policy not<br>provided |  | Flood<br>Insurance<br>Policy not<br>provided. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>15):<br>Received<br>flood<br>policy.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-10- <br>14): Flood<br>Insurance | 10/15/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Limited<br>Cash-out<br>GSE | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 204 | XXX | XXX | XXX |  | 34592279 | 9557114-<br>27835 | 09/29/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a<br>copy of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>02):<br>Secondary<br>valuation<br>obtained | 10/02/2025 |  |  | 1 D A | XXX | CO | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 204 | XXX | XXX | XXX |  | 34599163 | 9557114-<br>30786 | 09/30/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>02):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-<br>01):<br>Valuation <br>Received -<br>10/01/2025 | 10/02/2025 |  |  | 1 A | XXX | CO | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | XXX | XXX |  | 34581315 | 9557099-<br>35034 | 09/29/2025 | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | Borrower:<br>XXX |  |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>09):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-10-<br>08):<br>Transcripts | 10/09/2025 |  |  | 1 C A | XXX | MA | Second<br>Home | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | XXX | XXX |  | 34583042 | 9557099-<br>2857 | 09/29/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | Missing<br>Document:<br>Lost Note<br>Affidavit not<br>provided |  | The file was<br>missing copy<br>of Lost Note<br>Affidavit |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>05):<br>Received<br>note.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-10-<br>02): Note | 10/05/2025 |  |  | 1 D A | XXX | MA | Second<br>Home | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | XXX | XXX |  | 34583045 | 9557099-<br>2799 | 09/29/2025 | Compliance | Loan Package<br>Documentation | Closing / Title | Missing,<br>Incorrect, or<br>Incomplete<br>Note | Missing<br>Document:<br>Note - Subject<br>Lien not<br>provided |  | The file was<br>missing a<br>copy of the<br>Note. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>05):<br>Received<br>note.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-10-<br>02): Note | 10/05/2025 |  |  | 1 D A | XXX | MA | Second<br>Home | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | XXX | XXX |  | 34583174 | 9557099-<br>3867 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Risk. | Originator<br>Loan<br>Designation<br>of Safe<br>Harbor QM<br>(APOR)<br>does not<br>match Due<br>Diligence<br>Loan<br>Designation<br>of QM<br>(APOR)<br>Risk. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>09):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-10-<br>08):<br>Transcripts | 10/09/2025 |  |  | 1 B A C | XXX | MA | Second<br>Home | Purchase | Lender<br>to<br>provide<br>updated<br>ATR/<br>QM<br>status D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | XXX | XXX |  | 34583175 | 9557099-<br>30196 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing<br>one or more<br>guideline<br>components,<br>the loan is at<br>QM risk. | the loan is at<br>QM risk due<br>to missing<br>tax<br>transcripts<br>the inocme<br>document<br>are<br>incomplete. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>09):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-10-<br>08):<br>Transcripts | 10/09/2025 |  |  | 1 C A | XXX | MA | Second<br>Home | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | XXX | XXX |  | 34584169 | 9557099-<br>6516 | 09/29/2025 | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Guideline | AUS/<br>Guideline<br>Findings: All<br>conditions<br>were not met |  | The note is<br>missing in<br>the file. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>09): Note<br>provided<br>Seller<br>Comment<br>(2025-10-<br>08): The<br>exception<br>information<br>only stated<br>the note is<br>missing for<br>this<br>finding, no<br>mention of<br>the<br>transcripts<br>-<br>Transcripts<br>uploaded<br>Reviewer<br>Comment<br>(2025-10-<br>05):<br>Received<br>note.<br>However<br>required<br>transcript<br>to clear this<br>condition.<br>Exception<br>Remains.<br>Seller<br>Comment<br>(2025-10-<br>02): Note | 10/09/2025 |  |  | 1 C A | XXX | MA | Second<br>Home | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | XXX | XXX |  | 34584193 | 9557099-<br>29639 | 09/29/2025 | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Income<br>documentation<br>requirements<br>not met. |  | Per the<br>guidelines<br>the tax<br>transcripts is<br>required, the<br>loan is<br>failing ATR. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>09):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-10-<br>08):<br>Transcripts | 10/09/2025 |  |  | 1 C A | XXX | MA | Second<br>Home | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | XXX | XXX |  | 34584212 | 9557099-<br>33057 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Income/Asset<br>Guideline<br>Deficiency -<br>QM Impact | General QM:<br>There are<br>guideline<br>deficiencies<br>related to<br>income and/or<br>asset doc<br>requirements<br>which could<br>result in a risk<br>to the<br>borrower's<br>ability to<br>repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) | the loan is<br>failing ATR<br>due to<br>missing itax<br>transcripts. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>09):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-10-<br>08):<br>Transcripts | 10/09/2025 |  |  | 1 C A | XXX | MA | Second<br>Home | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 191 | XXX | XXX | XXX |  | 34594559 | 9557110-<br>30225 | 09/30/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date XXX,<br>Most Recent<br>Tax Return<br>End Date<br>12/31/2023,<br>Tax Return<br>Due Date<br>03/15/2025.<br>(XXX,XXX<br>XXX/<br>Partnership) | Most recent<br>tax returns<br>are missing. |  |  |  |  |  |  | 09/30/2025 | 2 B | XXX | CA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 191 | XXX | XXX | XXX |  | 34594560 | 9557110-<br>30225 | 09/30/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date XXX,<br>Most Recent<br>Tax Return<br>End Date<br>12/31/2023,<br>Tax Return<br>Due Date<br>03/15/2025.<br>(XXX,XXX<br>XXX/S-Corp) | Most recent<br>tax returns<br>are missing. |  |  |  |  |  |  | 09/30/2025 | 2 B | XXX | CA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 191 | XXX | XXX | XXX |  | 34598256 | 9557110-<br>32065 | 09/30/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>preliminary<br>title report in<br>the file did<br>not disclose<br>the amount<br>of title<br>insurance<br>coverage.<br>Provide a<br>copy of the<br>final title<br>policy or an<br>addendum to<br>the<br>preliminary<br>report<br>verifying<br>title<br>insurance of<br>at least the<br>loan amount. |  |  |  |  |  |  | 09/30/2025 | 2 B | XXX | CA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 202 | XXX | XXX | XXX |  | 34582484 | 9557118-<br>6572 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 09/29/2025 | 2 B | XXX | TX | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 202 | XXX | XXX | XXX |  | 34582486 | 9557118-<br>7038 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Initial<br>Closing<br>Disclosure<br>Timing<br>without<br>Waiver | TILA-RESPA<br>Integrated<br>Disclosure:<br>Closing<br>Disclosure not<br>provided to<br>Borrower(s) at<br>least three (3)<br>business days<br>prior to closing.<br>(Initial/XXX) | Closing<br>Disclosure not<br>provided to<br>Borrower(s) at<br>least three (3)<br>business days<br>prior to<br>closing. |  |  |  | Reviewer<br>Comment<br>(2025-10-15):<br>SItusAMC<br>received<br>earliest receipt<br>of ICD. Seller<br>Comment<br>(2025-10-14):<br>ICD receipt | 10/15/2025 |  |  | 1 C A | XXX | TX | Primary | Purchase | No Defined<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 228 | XXX | XXX | XXX |  | 34597643 | 9557109-<br>27835 | 09/30/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-03):<br>Secondary<br>valuation<br>obtained Seller<br>Comment<br>(2025-10-02):<br>HVE | 10/03/2025 |  |  | 1 D A | XXX | CA | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 228 | XXX | XXX | XXX |  | 34612277 | 9557109-<br>30786 | 10/01/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-03):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-02):<br>Valuation<br>Received -<br>10/02/2025 | 10/03/2025 |  |  | 1 A | XXX | CA | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 227 | XXX | XXX | XXX |  | 34591911 | 9557107-<br>27835 | 09/29/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-02):<br>Secondary<br>valuation<br>obtained | 10/02/2025 |  |  | 1 D A | XXX | CA | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 227 | XXX | XXX | XXX |  | 34599164 | 9557107-<br>30786 | 09/30/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-02):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-01):<br>Valuation<br>Received -<br>10/01/2025 | 10/02/2025 |  |  | 1 A | XXX | CA | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 221 | XXX | XXX | XXX |  | 34591689 | 9557113-<br>33305 | 09/29/2025 | Credit | Hazard<br>Insurance | Insufficient<br>Coverage | Hazard<br>Insurance | The Hazard<br>Insurance<br>Policy<br>effective date<br>is after the<br>funds<br>disbursed. | Hazard<br>Insurance<br>Policy<br>Effective Date<br>XXX;<br>Disbursement<br>Date: XXX;<br>Note Date:<br>XXX;<br>Transaction<br>Date: XXX | The<br>homeowner's<br>insurance<br>declarations<br>page in the file<br>verified an<br>effective date<br>of XXX which<br>is after the<br>consummation<br>date of XXX.<br>Provide a<br>revised<br>homeowner's<br>insurance<br>declaration<br>page or policy<br>verifying<br>coverage in<br>effect at or<br>prior to<br>consummation. | Borrower's<br>monthly<br>reserves have<br>been verified<br>and exceed<br>the amount<br>required<br>based on the<br>guidelines by<br>at least 4<br>months.<br>Borrower has<br>been<br>employed in<br>the same<br>industry for<br>more than 5<br>years.<br>Borrower has<br>verified<br>disposable<br>income of at<br>least<br>$2500.00.<br>Borrower has<br>worked in the<br>same position<br>for more than<br>3 years.<br>Borrowers<br>made a down<br>payment<br>from their<br>own funds on<br>this purchase<br>transaction of<br>at least 5%<br>and<br>$5,000.00.<br>The<br>qualifying<br>DTI on the<br>loan is at<br>least 10%<br>less than the<br>guideline<br>maximum.<br>The<br>qualifying<br>DTI on the<br>loan is less<br>than or equal<br>to 35%. The<br>representative<br>FICO score<br>exceeds the<br>guideline<br>minimum by<br>at least 40<br>points. The<br>representative<br>FICO score is<br>above 680. | 11.03<br>months<br>reserves | SitusAMC,Aggregator<br>SitusAMC SitusAMC<br>SitusAMC SitusAMC<br>SitusAMC SitusAMC<br>SitusAMC SitusAMC | Reviewer<br>Comment<br>(2025-10-08):<br>Client elected<br>to waive the<br>condition with<br>the following<br>Comp Factor:<br>11.03 months<br>reserves<br>Reviewer<br>Comment<br>(2025-10-08):<br>Elevated to the<br>client for<br>review.<br>Coverage was<br>not in effect at<br>closing and<br>lender provided<br>an attestation<br>stating there<br>were no claims<br>filed. Seller<br>Comment<br>(2025-10-06):<br>Attestation |  |  | 10/08/2025 | 2 C B | XXX | CO | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 219 | XXX | XXX | XXX |  | 34593933 | 9557100-<br>27835 | 09/30/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-03):<br>Secondary<br>valuation<br>obtained Seller<br>Comment<br>(2025-10-02):<br>Not required -<br>CU score 1.3 -<br>LCA - 1 | 10/03/2025 |  |  | 1 D A | XXX | CA | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 219 | XXX | XXX | XXX |  | 34601288 | 9557100-<br>4259 | 09/30/2025 | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Credit | Guideline<br>Requirement:<br>Property type<br>discrepancy. | Appraisal<br>property type of<br>Single Family<br>Detached does<br>not match<br>Guideline<br>property type of<br>PUD. | The AUS<br>identified the<br>property as a<br>PUD and there<br>is a PUD Rider<br>attached to the<br>Deed of Trust.<br>However, the<br>appraisal did<br>not identify the<br>subject as a<br>PUD. Provide<br>a revised<br>appraisal<br>correcting the<br>property type.<br>Note: if the<br>subject is not a<br>PUD, a revised<br>DOT removing<br>the PUD Rider<br>is required<br>along with<br>proof the DOT<br>will be re-<br>recorded. |  |  |  | Reviewer<br>Comment<br>(2025-10-08):<br>Revised<br>appraisal<br>provided<br>correcting<br>property type.<br>Seller<br>Comment<br>(2025-10-06):<br>Corrected<br>appraisal in<br>loan file Seller<br>Comment<br>(2025-10-06):<br>Corrected<br>appraisal in file | 10/08/2025 |  |  | 1 C A | XXX | CA | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 219 | XXX | XXX | XXX |  | 34612278 | 9557100-<br>30786 | 10/01/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-03):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-02):<br>Valuation<br>Received -<br>10/02/2025 | 10/03/2025 |  |  | 1 A | XXX | CA | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 205 | XXX | XXX | XXX |  | 34595367 | 9557105-<br>4436 | 09/30/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three<br>(3) business<br>days prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing.<br>(Type:Primary/<br>XXX) | Borrower<br>waived right to<br>receive a copy<br>of the<br>appraisal at<br>least three (3)<br>business days<br>prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing. |  |  |  |  |  |  | 09/30/2025 | 2 B | XXX | TX | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 197 | XXX | XXX | XXX |  | 34592308 | 9557104-<br>27843 | 09/29/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-02):<br>Secondary<br>valuation<br>obtained | 10/02/2025 |  |  | 1 A D | XXX | WA | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 197 | XXX | XXX | XXX |  | 34599165 | 9557104-<br>30786 | 09/30/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-02):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-02):<br>Valuation<br>Received -<br>10/02/2025 | 10/02/2025 |  |  | 1 A | XXX | WA | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 268 | XXX | XXX | XXX |  | 34582264 | 9557101-<br>6572 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) |  |  |  |  |  |  |  | 09/29/2025 | 2 B | XXX | CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 268 | XXX | XXX | XXX |  | 34582276 | 9557101-<br>2883 | 09/29/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>Tax Certificate<br>not provided |  |  |  |  |  | Reviewer<br>Comment<br>(2025-11-11):<br>Received Tax<br>Certificate.<br>Exception<br>Cleared. Buyer<br>Comment<br>(2025-11-10):<br>Tax calc<br>Reviewer<br>Comment<br>(2025-10-22):<br>As per final<br>1003 & 1008<br>$1,625.00 tax<br>consider for<br>calculation.<br>Required<br>supporting<br>documents to<br>verify $1,625<br>to clear this<br>condition.<br>Exception<br>Remains.<br>Seller<br>Comment<br>(2025-10-21):<br>Acknowledged.<br>However, the<br>taxes will be<br>reassessed so<br>we don't know<br>the exact<br>amount at this<br>point. Since<br>we're<br>qualifying at a<br>higher rate than<br>the verified<br>taxes, I would<br>think that<br>makes the<br>documentation<br>non-material.<br>Reviewer<br>Comment<br>(2025-10-14):<br>Provided tax<br>certificate<br>reflecting taxes<br>were less than<br>actual taxes<br>used to qualify.<br>Exception<br>Remains.<br>Seller<br>Comment<br>(2025-10-13):<br>Tax Cert | 11/11/2025 |  |  | 1 C A | XXX | CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 230 | XXX | XXX | XXX |  | 34593800 | 9557106-<br>34957 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>285.50 exceeds<br>tolerance of $-<br>287.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower.<br>(9300) | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Lender<br>Credits. Final<br>Lender Credit<br>of $-285.50<br>exceeds<br>tolerance of $-<br>287.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-10-07):<br>SitusAMC<br>received COC<br>dated XXX.<br>Seller<br>Comment<br>(2025-10-06):<br>coc | 10/07/2025 |  |  | 1 C A | XXX | CA | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 198 | XXX | XXX | XXX |  | 34598782 | 9557121-<br>27835 | 09/30/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-02):<br>Secondary<br>valuation<br>obtained<br>Seller<br>Comment<br>(2025-10-02):<br>HVE | 10/02/2025 |  |  | 1 D A | XXX | WA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 198 | XXX | XXX | XXX |  | 34612279 | 9557121-<br>30786 | 10/01/2025 | Property | Valuation | General | Valuation | Valuation<br>Product pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis (CDA)<br>- No MLS<br>Sheets - 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-02):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-02):<br>Valuation<br>Received -<br>10/02/2025 | 10/02/2025 |  |  | 1 A | XXX | WA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 198 | XXX | XXX | XXX |  | 34632510 | 9557121-<br>6572 | 10/02/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Additional/XXX) |  |  |  |  |  |  |  | 10/02/2025 | 2 B | XXX | WA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 269 | XXX | XXX | XXX |  | 34613013 | 9557120-<br>5445 | 10/01/2025 | Compliance | Compliance | Federal<br>Compliance | FACTA | FACTA<br>Disclosure<br>Missing | FACTA<br>Disclosure Rule:<br>Creditor did not<br>provide FACTA<br>Credit Score<br>Disclosure. | Creditor did not<br>provide FACTA<br>Credit Score<br>Disclosure. |  |  |  | Buyer<br>Comment<br>(2025-10-05):<br>Initial and<br>Final Grade<br>B, accepted. |  |  | 10/05/2025 | 2 B | XXX | VA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 269 | XXX | XXX | XXX |  | 34613014 | 9557120-<br>7087 | 10/01/2025 | Compliance | Compliance | Federal<br>Compliance | RESPA | RESPA - Initial<br>Escrow<br>Account<br>Statement<br>Missing | RESPA: Initial<br>escrow account<br>statement was<br>not provided to<br>the borrower. | Initial escrow<br>account<br>statement was<br>not provided to<br>the borrower. |  |  |  | Buyer<br>Comment<br>(2025-10-05):<br>Initial and<br>Final Grade<br>B, accepted. |  |  | 10/05/2025 | 2 B | XXX | VA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 269 | XXX | XXX | XXX |  | 34613026 | 9557120-<br>6542 | 10/01/2025 | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient Cure<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Pest Inspection<br>Fee. Fee Amount<br>of $49.00<br>exceeds<br>tolerance of<br>$0.00. $49.00<br>over legal limit.<br>Insufficient or no<br>cure was<br>provided to the<br>borrower. (7713) | Pest Inspection<br>Fee was not<br>disclosed on<br>Loan Estimate.<br>File does not<br>contain a valid<br>COC for this<br>fee, nor<br>evidence of<br>cure. Provide a<br>post-close CD<br>disclosing the<br>tolerance cure<br>to include<br>$49.00, a copy<br>of refund check,<br>proof of<br>delivery, and a<br>copy of the<br>letter of<br>explanation sent<br>to the borrower<br>disclosing the<br>changes made. |  |  |  | Reviewer<br>Comment<br>(2025-10-31):<br>Situsamc<br>Received<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD. Seller<br>Comment<br>(2025-10-30):<br>cure<br>Reviewer<br>Comment<br>(2025-10-16):<br>SitusAMC<br>received<br>COC,<br>however we<br>are unable to<br>determine<br>from the file<br>whether the<br>lender or title<br>company<br>required the<br>pest<br>inspection. If<br>the lender<br>required, the<br>fee then a<br>cure is due to<br>the borrower.<br>If the<br>borrower-<br>chosen<br>service<br>provider<br>further<br>outsourced<br>the pest<br>inspection<br>Fee, an<br>attestation<br>from the<br>seller is<br>needed. The<br>attestation/<br>letter should<br>confirm that<br>the service<br>was<br>outsourced by<br>the borrower-<br>chosen<br>provider. This<br>attestation<br>would allow<br>us to test the<br>fee under the<br>no tolerance<br>category with<br>the<br>understanding<br>that the new<br>fee added on<br>the CD was<br>imposed by a<br>provider<br>through<br>which the<br>borrower<br>indirectly<br>selected.<br>Seller<br>Comment<br>(2025-10-14):<br>COC |  | 10/31/2025 |  | 2 C B | XXX | VA | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 226 | XXX | XXX | XXX |  | 34585524 | 9557116-<br>39787 | 09/29/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | The file is<br>missing proof<br>of the Universal<br>Loan Identifier<br>(ULI). |  | The file was<br>missing copy of<br>Universal Loan<br>Identifier |  |  |  | Reviewer<br>Comment<br>(2025-09-29):<br>ULI provided<br>Buyer<br>Comment<br>(2025-09-29):<br>XXX | 09/29/2025 |  |  | 1 B A | XXX | IL | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 226 | XXX | XXX | XXX |  | 34585532 | 9557116-<br>6572 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation |  |  |  |  |  |  | 09/29/2025 | 2 B | XXX | IL | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 226 | XXX | XXX | XXX |  | 34585533 | 9557116-<br>34962 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Client:XXX/<br>XXX) | Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  | 09/29/2025 | 2 B | XXX | IL | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 226 | XXX | XXX | XXX |  | 34585542 | 9557116-<br>4931 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Closing<br>Disclosure Issue<br>Date Not<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Closing<br>Disclosure<br>estimated to be<br>provided on<br>XXX did not<br>disclose the<br>actual Date<br>Issued. Unable<br>to conclusively<br>determine Final<br>Closing<br>disclosure to use<br>to test for<br>compliance with<br>applicable TRID<br>timing<br>requirements,<br>TRID fee<br>tolerance testing<br>or accuracy of<br>disclosures at or<br>before<br>consummation<br>due to missing<br>Issue Date.<br>Tested using an<br>estimated Date<br>Issued based on<br>best information<br>available.<br>(Initial/XX) | Closing<br>Disclosure<br>estimated to be<br>provided on<br>XXX did not<br>disclose the<br>actual Date<br>Issued. Unable<br>to conclusively<br>determine Final<br>Closing<br>disclosure to<br>use to test for<br>compliance<br>with applicable<br>TRID timing<br>requirements,<br>TRID fee<br>tolerance testing<br>or accuracy of<br>disclosures at or<br>before<br>consummation<br>due to missing<br>Issue Date.<br>Tested using an<br>estimated Date<br>Issued based on<br>best information<br>available |  |  |  | Reviewer<br>Comment<br>(2025-10-19):<br>SitusAMC<br>received<br>LOA. Seller<br>Comment<br>(2025-10-17):<br>Client just<br>made a<br>correction<br>Seller<br>Comment<br>(2025-10-17):<br>CD response<br>Reviewer<br>Comment<br>(2025-10-16):<br>SitusAMC<br>received<br>rebuttal on<br>XXX CD and<br>XXX final<br>CD.<br>However,<br>loan package<br>provided a<br>CD, Doc ID<br>0516, that is<br>missing the<br>Date Issued.<br>It does reflect<br>a date stamp<br>at bottom<br>XXX @<br>11:04am<br>PST. Please<br>address.<br>Seller<br>Comment<br>(2025-10-15):<br>Not Valid -<br>CD issued on<br>XXX is<br>Esigned on<br>XXX - Final<br>CD issued on<br>XXX and<br>signed by the<br>borrower on<br>XXX | 10/19/2025 |  |  | 1 C A | XXX | IL | Primary | Refinance<br>- Cash-<br>out -<br>Other | Good Faith<br>Redisclosure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 226 | XXX | XXX | XXX |  | 34589032 | 9557116-<br>6583 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient Cure<br>Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$960.00 exceeds<br>tolerance of<br>$710.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7506) |  |  |  |  | Reviewer<br>Comment<br>(2025-09-29):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 09/29/2025 |  | 1 A | XXX | IL | Primary | Refinance<br>- Cash-<br>out -<br>Other | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 222 | XXX | XXX | XXX |  | 34583408 | 9557122-<br>6572 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 09/29/2025 | 2 B | XXX | FL | Second<br>Home | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 222 | XXX | XXX | XXX |  | 34583409 | 9557122-<br>1330 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | RESPA | RESPA<br>Disclosure -<br>List of<br>Homeownership<br>Counseling<br>Organizations<br>Missing | RESPA<br>Disclosure Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide<br>List of<br>Homeownership<br>Counseling<br>Organizations to<br>borrower. | Creditor did not<br>provide List of<br>Homeownership<br>Counseling<br>Organizations<br>to borrower. |  |  |  | Buyer<br>Comment<br>(2025-09-29):<br>Initial and<br>Final Grade<br>B, accepted |  |  | 09/29/2025 | 2 B | XXX | FL | Second<br>Home | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 222 | XXX | XXX | XXX |  | 34583414 | 9557122-<br>6583 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient Cure<br>Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$850.00 exceeds<br>tolerance of<br>$650.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7506) | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$850.00<br>exceeds<br>tolerance of<br>$650.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  | Reviewer<br>Comment<br>(2025-09-26):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 09/26/2025 |  | 1 A | XXX | FL | Second<br>Home | Purchase | Final CD<br>evidences<br>Cure B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 211 | XXX | XXX | XXX |  | 34582377 | 9557103-<br>6572 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 09/29/2025 | 2 B | XXX | CT | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 211 | XXX | XXX | XXX |  | 34582379 | 9557103-<br>34962 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Client:XXX/<br>XXX) | Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  | 09/29/2025 | 2 B | XXX | CT | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 211 | XXX | XXX | XXX |  | 34582416 | 9557103-<br>39787 | 09/29/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | The file is<br>missing proof<br>of the<br>Universal<br>Loan Identifier<br>(ULI). |  | The Universal<br>Loan Identifier<br>is missing |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>29): ULI<br>provided<br>Buyer<br>Comment<br>(2025-09-<br>29): XXX | 09/29/2025 |  |  | 1 B A | XXX | CT | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 | XXX | XXX | XXX |  | 34580552 | 9557117-<br>35034 | 09/29/2025 | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | Borrower:<br>XXX |  |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>17):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-10-<br>16):<br>transcripts | 10/17/2025 |  |  | 1 C A | XXX | MN | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 | XXX | XXX | XXX |  | 34580553 | 9557117-<br>35034 | 09/29/2025 | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | Borrower:<br>XXX |  |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>17):<br>Transcripts<br>provided | 10/17/2025 |  |  | 1 C A | XXX | MN | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 | XXX | XXX | XXX |  | 34582537 | 9557117-<br>27835 | 09/29/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>Purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>02):<br>Secondary<br>valuation<br>obtained<br>Seller<br>Comment<br>(2025-10-<br>02): HVE | 10/02/2025 |  |  | 1 D A | XXX | MN | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 | XXX | XXX | XXX |  | 34582548 | 9557117-<br>39787 | 09/29/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | The file is<br>missing proof<br>of the<br>Universal<br>Loan Identifier<br>(ULI). |  | The file is<br>missing proof<br>of the<br>Universal<br>Loan Identifier<br>(ULI) |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>29): ULI<br>provided<br>Buyer<br>Comment<br>(2025-09-<br>29): XXX | 09/29/2025 |  |  | 1 B A | XXX | MN | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 | XXX | XXX | XXX |  | 34582570 | 9557117-<br>3867 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Fail. | Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Fail. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>17):<br>Transcripts<br>provided | 10/17/2025 |  |  | 1 B A C | XXX | MN | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 | XXX | XXX | XXX |  | 34582571 | 9557117-<br>30219 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets -<br>Schedule C | General QM:<br>Unable to<br>verify Sole<br>Proprietorship<br>income using<br>reasonably<br>reliable third-<br>party records.<br>(XXX,XXX<br>XXX /<br>Schedule C) | Unable to<br>verify Sole<br>Proprietorship<br>income using<br>reasonably<br>reliable third-<br>party records.<br>(XXX,XXX<br>XXX/Schedule<br>C) |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>17):<br>Transcripts<br>provided | 10/17/2025 |  |  | 1 C A | XXX | MN | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 | XXX | XXX | XXX |  | 34582573 | 9557117-<br>30196 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing<br>one or more<br>guideline<br>components,<br>the loan is at<br>QM risk. | General QM:<br>Based on the<br>loan failing<br>one or more<br>guideline<br>components,<br>the loan is at<br>QM risk. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>17):<br>Transcripts<br>provided | 10/17/2025 |  |  | 1 C A | XXX | MN | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 | XXX | XXX | XXX |  | 34582576 | 9557117-<br>6583 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$705.00<br>exceeds<br>tolerance of<br>$595.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing.<br>(7506) | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$705.00<br>exceeds<br>tolerance of<br>$595.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>26):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 09/26/2025 |  | 1 A | XXX | MN | Primary | Purchase | Final CD<br>evidences<br>Cure D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 | XXX | XXX | XXX |  | 34599166 | 9557117-<br>30786 | 09/30/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>02):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-<br>02):<br>Valuation <br>Received -<br>10/02/2025 | 10/02/2025 |  |  | 1 A | XXX | MN | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 229 | XXX | XXX | XXX |  | 34584838 | 9557111-<br>27835 | 09/29/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>02):<br>Secondary<br>valuation<br>obtained | 10/02/2025 |  |  | 1 D A | XXX | CA | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 229 | XXX | XXX | XXX |  | 34584858 | 9557111-<br>6583 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$301.96<br>exceeds<br>tolerance of<br>$300.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing.<br>(7520) | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$301.96<br>exceeds<br>tolerance of<br>$300.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>26):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 09/26/2025 |  | 1 A | XXX | CA | Primary | Purchase | Final CD<br>evidences<br>Cure D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 229 | XXX | XXX | XXX |  | 34599167 | 9557111-<br>30786 | 09/30/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>02):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-<br>01):<br>Valuation <br>Received -<br>10/01/2025 | 10/02/2025 |  |  | 1 A | XXX | CA | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 203 | XXX | XXX | XXX |  | 34584194 | 9557119-<br>39787 | 09/29/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | The file is<br>missing proof<br>of the<br>Universal<br>Loan Identifier<br>(ULI). |  | The file is<br>missing proof<br>of the<br>Universal<br>Loan Identifier<br>(ULI). |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>29): ULI<br>provided<br>Buyer<br>Comment<br>(2025-09-<br>29): XXX | 09/29/2025 |  |  | 1 B A | XXX | TX | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 203 | XXX | XXX | XXX |  | 34584206 | 9557119-<br>6572 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>09/04/2025) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 09/29/2025 | 2 B | XXX | TX | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 203 | XXX | XXX | XXX |  | 34584213 | 9557119-<br>30225 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns provided<br>are not the most<br>recent.<br>Application Date<br>XXX, Most<br>Recent Tax<br>Return End Date<br>12/31/2023, Tax<br>Return Due Date<br>04/15/2025.<br>(XXX,XXX<br>XXX./Schedule<br>C) | The file is<br>missing the<br>2024 personal<br>and business<br>tax returns.<br>Evidence of<br>extension<br>provided for<br>2024. The file<br>contained a<br>copy of the<br>2023 and 2022<br>Form 1040 tax<br>returns. |  |  |  |  |  |  | 09/29/2025 | 2 B | XXX | TX | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 210 | XXX | XXX | XXX |  | 34590534 | 9613624-929 | 09/29/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Missing<br>Document:<br>Appraisal was<br>made "subject<br>to" and Form<br>1004D/442<br>was not<br>provided. | Valuation Type:<br>Appraisal /<br>Valuation Report<br>Date: XXX | Appraisal was<br>made subject<br>to and 442 is<br>not in images. |  |  |  | Reviewer<br>Comment<br>(2025-10-08):<br>Received 442<br>images.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-10-06):<br>1004D | 10/08/2025 |  |  | 1 C A | XXX | CT | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 231 | XXX | XXX | XXX |  | 34612760 | 9613631-<br>6572 | 10/01/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Additional/XXX) | Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  | 10/01/2025 | 2 B | XXX | CT | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 231 | XXX | XXX | XXX |  | 34612762 | 9613631-<br>6542 | 10/01/2025 | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$4,544.80<br>exceeds<br>tolerance of<br>$3,100.00.<br>$1,444.80 over<br>legal limit.<br>Insufficient or no<br>cure was<br>provided to the<br>borrower. (7200) | Loan Discount<br>Points was last<br>disclosed as<br>$3,100.00 on<br>the Loan<br>Estimate but<br>disclosed as<br>$4,544.80 on<br>the Final<br>Closing<br>Disclosure.<br>The file does<br>not contain a<br>valid Change<br>of<br>Circumstance<br>for this fee,<br>nor evidence<br>of cure in the<br>file. |  |  |  | Reviewer<br>Comment<br>(2025-10-16):<br>SitusAMC<br>received valid<br>Change<br>circumstances.<br>Seller<br>Comment<br>(2025-10-14):<br>COC | 10/16/2025 |  |  | 1 C A | XXX | CT | Primary | Refinance<br>- Cash-<br>out -<br>Other | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 231 | XXX | XXX | XXX |  | 34612763 | 9613631-<br>6542 | 10/01/2025 | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Desk<br>Review Fee. Fee<br>Amount of<br>$120.00 exceeds<br>tolerance of<br>$0.00. $120.00<br>over legal limit.<br>Insufficient or no<br>cure was<br>provided to the<br>borrower. (7505) | Appraisal<br>Desk Review<br>Fee was not<br>disclosed on<br>the Loan<br>Estimate but<br>disclosed as<br>$120.00 on the<br>Final Closing<br>Disclosure.<br>However, there<br>was a lender<br>credit to cover<br>the cost to<br>cure. |  |  |  | Reviewer<br>Comment<br>(2025-10-16):<br>SitusAMC:<br>Sufficient cure<br>provided. Full<br>cure amount<br>for tolerance<br>violation was<br>provided at<br>closing (on<br>final CD)<br>resulting in a<br>cleared<br>exception.<br>Seller<br>Comment<br>(2025-10-14):<br>Desk Review<br>response | 10/16/2025 |  |  | 1 C A | XXX | CT | Primary | Refinance<br>- Cash-<br>out -<br>Other | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 231 | XXX | XXX | XXX |  | 34612771 | 9613631-<br>27855 | 10/01/2025 | Property | Appraisal<br>Reconciliation | Value<br>Discrepancy | Appraisal<br>Reconciliation | Loan is to be<br>securitized.<br>Highest level<br>secondary<br>valuation<br>supports the<br>value. There is<br>a lower level<br>tertiary<br>product that<br>does not<br>support the<br>qualifying<br>value. Sec ID:<br>22 | Note Date:<br>XXX; Lien<br>Position: 1 | Loan is to be<br>securitized.<br>The highest<br>level<br>secondary<br>valuation<br>supports the<br>value. There is<br>a lower level<br>tertiary<br>product that<br>does not<br>support the<br>qualifying<br>value. |  |  |  | Reviewer<br>Comment<br>(2025-10-01):<br>Client elected<br>to waive the<br>condition |  |  | 10/01/2025 | 2 A B | XXX | CT | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 231 | XXX | XXX | XXX |  | 34612773 | 9613631-<br>30930 | 10/01/2025 | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title Policy<br>Amount of<br>$XXX is less<br>than the note<br>amount of<br>$XXX based on<br>the Commitment<br>in file. | The Title<br>Policy Amount<br>of $XXX is<br>less than the<br>note amount of<br>$XXX based<br>on the<br>Commitment<br>in the file.<br>Provide a copy<br>of the final<br>title policy or<br>an addendum<br>to the report<br>verifying title<br>insurance of at<br>least the loan<br>amount. |  |  |  |  |  |  | 10/01/2025 | 2 B | XXX | CT | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 231 | XXX | XXX | XXX |  | 34737617 | 9613631-<br>6583 | 10/16/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Desk<br>Review Fee. Fee<br>Amount of<br>$120.00 exceeds<br>tolerance of<br>$0.00. Sufficient<br>or excess cure<br>was provided to<br>the borrower at<br>Closing. (7505) |  |  |  |  | Reviewer<br>Comment<br>(2025-10-16):<br>Sufficient<br>Cure Provided<br>At Closing |  | 10/16/2025 |  | 1 A | XXX | CT | Primary | Refinance<br>- Cash-<br>out -<br>Other | Final CD<br>evidences<br>Cure C B | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 200 | XXX | XXX | XXX |  | 34595151 | 9613633-<br>27835 | 09/30/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-03):<br>AVM<br>provided<br>Seller<br>Comment<br>(2025-10-02):<br>HVE | 10/03/2025 |  |  | 1 D A | XXX | MA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 200 | XXX | XXX | XXX |  | 34612280 | 9613633-<br>30786 | 10/01/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-06):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-03):<br>Valuation<br>Received -<br>10/03/2025 | 10/06/2025 |  |  | 1 A | XXX | MA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 200 | XXX | XXX | XXX |  | 34639993 | 9613633-<br>27843 | 10/03/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 | AVM provided<br>is not<br>acceptable for<br>securitization<br>purposes.<br>Client<br>provided<br>authorization<br>to order a<br>secondary<br>valuation. |  |  |  | Reviewer<br>Comment<br>(2025-10-06):<br>Secondary<br>valuation<br>obtained | 10/06/2025 |  |  | 1 A | XXX | MA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 200 | XXX | XXX | XXX |  | 34651551 | 9613633-<br>6572 | 10/06/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Additional/XXX) |  |  |  |  |  |  |  | 10/06/2025 | 2 B | XXX | MA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 271 | XXX | XXX | XXX |  | 34620383 | 9613619-<br>6572 | 10/01/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 10/01/2025 | 2 B | XXX | CO | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 206 | XXX | XXX | XXX |  | 34594161 | 9613620-<br>27843 | 09/30/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 |  |  |  |  | Reviewer<br>Comment<br>(2025-10-06):<br>Secondary<br>valuation<br>obtained | 10/06/2025 |  |  | 1 A D | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | D B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 206 | XXX | XXX | XXX |  | 34594195 | 9613620-<br>4436 | 09/30/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Borrower<br>waived right to<br>receive a copy of<br>the appraisal at<br>least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not<br>provided at or<br>before closing.<br>(Type:Secondary/XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided |  |  |  |  |  |  | 09/30/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | D B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 206 | XXX | XXX | XXX |  | 34594199 | 9613620-<br>34957 | 09/30/2025 | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>11,961.77<br>exceeds<br>tolerance of $-<br>17,979.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. (9300) | The Lender<br>Credit was<br>disclosed to<br>the borrower<br>on the LE as<br>$-17,979.00<br>The COC in<br>the file is not<br>Valad, the<br>final CD<br>shows the<br>lender credit<br>as<br>$11,961.77.<br>There was no<br>lender credit<br>to cover the<br>cost to cure |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>15):<br>SitusAMC<br>received<br>valid COC<br>document<br>Seller<br>Comment<br>(2025-10-<br>14): COC | 10/15/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 206 | XXX | XXX | XXX |  | 34612281 | 9613620-<br>30786 | 10/01/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>06):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-<br>03):<br>Valuation <br>Received -<br>10/03/2025 | 10/06/2025 |  |  | 1 A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | D B A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 207 | XXX | XXX | XXX |  | 34606541 | 9613622-<br>32065 | 10/01/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>preliminary<br>title report in<br>file did not<br>disclose the<br>amount of<br>title<br>insurance<br>coverage.<br>Provide a<br>copy of the<br>final title<br>policy or an<br>addendum to<br>the<br>preliminary<br>report<br>verifying<br>title<br>insurance of<br>at least the<br>loan amount. |  |  |  |  |  |  | 10/01/2025 | 2 B | XXX | CA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 214 | XXX | XXX | XXX |  | 34623199 | 9613623-<br>27835 | 10/02/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a<br>copy of the<br>supporting<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>06):<br>Secondary<br>valuation<br>obtained | 10/06/2025 |  |  | 1 D A | XXX | TX | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 214 | XXX | XXX | XXX |  | 34623248 | 9613623-<br>6572 | 10/02/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 10/02/2025 | 2 B | XXX | TX | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 214 | XXX | XXX | XXX |  | 34640740 | 9613623-<br>30786 | 10/03/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>06):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-<br>06):<br>Valuation <br>Received -<br>10/06/2025 | 10/06/2025 |  |  | 1 A | XXX | TX | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 215 | XXX | XXX | XXX |  | 34643801 | 9613626-<br>6572 | 10/06/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Secondary/XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 10/06/2025 | 2 B | XXX | VA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 215 | XXX | XXX | XXX |  | 34656985 | 9613626-<br>24772 | 10/06/2025 | Credit | Missing<br>Document | General | Missing<br>Document | Missing<br>Document:<br>UCDP<br>Submission<br>Summary<br>Report not<br>provided |  | The file is<br>missing the<br>Fannie Mae<br>and Freddie<br>Mac UCDP<br>submissions<br>to verify the<br>CU and LCA<br>scores. Note:<br>additional<br>conditions<br>may apply if<br>the CU or<br>LCA score is<br>> 2.50. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>13):<br>Received<br>UCDP<br>Submission<br>Summary<br>Report.<br>Exception<br>Cleared.<br>Seller <br>Comment<br>(2025-10-<br>10):<br>UCDP's | 10/13/2025 |  |  | 1 C A | XXX | VA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 194 | XXX | XXX | XXX |  | 34591732 | 9613621-<br>39787 | 09/30/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | The file is<br>missing proof<br>of the<br>Universal<br>Loan Identifier<br>(ULI). |  | The file is<br>missing<br>proof of the<br>Universal<br>Loan<br>Identifier<br>(ULI). |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>08): ULI<br>provided<br>Buyer<br>Comment<br>(2025-10-<br>06): XXX | 10/08/2025 |  |  | 1 B A | XXX | CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 194 | XXX | XXX | XXX |  | 34592113 | 9613621-<br>27843 | 09/30/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a<br>copy of the<br>secondary<br>valuation<br>required for<br>securitization<br>Purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>06):<br>Secondary<br>valuation<br>obtained | 10/06/2025 |  |  | 1 A D | XXX | CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 194 | XXX | XXX | XXX |  | 34592114 | 9613621-961 | 09/30/2025 | Credit | Property -<br>Appraisal | General<br>Appraisal<br>Requirements | Property -<br>Appraisal | Valuation<br>Error: AVM<br>low value in<br>range not<br>provided. | Valuation Type:<br>AVM /<br>Valuation<br>Report Date:<br>XXX |  |  |  |  | Buyer<br>Comment<br>(2025-10-<br>06): CDA<br>received |  |  | 10/06/2025 | 2 B | XXX | CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 194 | XXX | XXX | XXX |  | 34592115 | 9613621-962 | 09/30/2025 | Credit | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Valuation<br>Error: AVM<br>high value in<br>range not<br>provided. | Valuation Type:<br>AVM /<br>Valuation<br>Report Date:<br>XXX |  |  |  |  | Buyer<br>Comment<br>(2025-10-<br>06): CDA<br>received |  |  | 10/06/2025 | 2 B | XXX | CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 194 | XXX | XXX | XXX |  | 34592132 | 9613621-<br>4436 | 09/30/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Borrower<br>waived right to<br>receive a copy of<br>the appraisal at<br>least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not<br>provided at or<br>before closing.<br>(Type:Primary/<br>XXX) |  |  |  |  |  |  |  | 09/30/2025 | 2 B | XXX | CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 194 | XXX | XXX | XXX |  | 34592133 | 9613621-<br>6572 | 09/30/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Secondary/XXX) |  |  |  |  |  |  |  | 09/30/2025 | 2 B | XXX | CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 194 | XXX | XXX | XXX |  | 34592134 | 9613621-<br>6583 | 09/30/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient Cure<br>Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$765.00<br>exceeds<br>tolerance of<br>$750.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the borrower<br>at Closing.<br>(7506) |  |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>29):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 09/29/2025 |  | 1 A | XXX | CA | Primary | Purchase | Final CD<br>evidences<br>Cure D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 194 | XXX | XXX | XXX |  | 34612282 | 9613621-<br>30786 | 10/01/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX/<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>06):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-<br>03):<br>Valuation <br>Received -<br>10/03/2025 | 10/06/2025 |  |  | 1 A | XXX | CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 193 | XXX | XXX | XXX |  | 34590775 | 9613625-<br>4436 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three<br>(3) business<br>days prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 09/29/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 220 | XXX | XXX | XXX |  | 34594467 | 9613627-<br>32065 | 10/01/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | Provide a<br>copy of the<br>final title<br>policy or an<br>addendum to<br>the report<br>verifying<br>title<br>insurance of<br>at least the<br>loan amount. |  |  |  |  |  |  | 10/01/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 220 | XXX | XXX | XXX |  | 34594516 | 9613627-<br>4436 | 10/01/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three<br>(3) business<br>days prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 10/01/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 195 | XXX | XXX | XXX |  | 34590439 | 9613628-<br>39787 | 09/29/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | The file is<br>missing proof<br>of the<br>Universal Loan<br>Identifier<br>(ULI). |  | The file is<br>missing<br>proof of the<br>Universal<br>Loan<br>Identifier<br>(ULI). |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>29): ULI<br>provided<br>Buyer<br>Comment<br>(2025-09-<br>29): XXX | 09/29/2025 |  |  | 1 B A | XXX | GA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 195 | XXX | XXX | XXX |  | 34590445 | 9613628-<br>30930 | 09/29/2025 | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title<br>Policy Amount<br>of $XXX is<br>less than the<br>note amount of<br>$XXX based<br>on the<br>Commitment<br>in file. | The Title<br>Policy<br>Amount of<br>$XXX is less<br>than the note<br>amount of<br>$XXX based<br>on the<br>Commitment<br>in file. |  |  |  |  |  |  | 09/29/2025 | 2 B | XXX | GA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 195 | XXX | XXX | XXX |  | 34590477 | 9613628-<br>25158 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | Missing Non-<br>Required Data | (Missing Data)<br>Last Rate Set<br>Date | Last Date Rate<br>Set and Initial<br>Rate Lock<br>Date not<br>provided.<br>Worst Case<br>Scenario<br>between<br>Creditor<br>Application<br>Date and<br>Transaction<br>Date used to<br>determine rate<br>used for<br>testing. | Last Date<br>Rate Set and<br>Initial Rate<br>Lock Date<br>not provided. |  |  |  | Buyer<br>Comment<br>(2025-09-<br>29): Initial<br>and Final<br>Grade B,<br>accepted |  |  | 09/29/2025 | 2 B | XXX | GA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 195 | XXX | XXX | XXX |  | 34590479 | 9613628-<br>6583 | 09/29/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient Cure<br>Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Transfer Tax.<br>Fee Amount of<br>$4,087.50<br>exceeds<br>tolerance of<br>$4,086.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the borrower<br>at Closing.<br>(8304) |  |  |  |  | Reviewer<br>Comment<br>(2025-09-<br>29):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 09/29/2025 |  | 1 A | XXX | GA | Primary | Purchase | Final CD<br>evidences<br>Cure D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 195 | XXX | XXX | XXX |  | 34591388 | 9613628-<br>27835 | 09/29/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a<br>copy of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>02):<br>Secondary<br>valuation<br>obtained | 10/02/2025 |  |  | 1 D A | XXX | GA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 195 | XXX | XXX | XXX |  | 34599168 | 9613628-<br>30786 | 09/30/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>02):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-<br>01):<br>Valuation <br>Received -<br>10/01/2025 | 10/02/2025 |  |  | 1 A | XXX | GA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 165 | XXX | XXX | XXX |  | 34642750 | 9603569-<br>32065 | 10/06/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>Preliminary<br>Title Policy<br>is within CA<br>and does not<br>reflect a<br>coverage<br>amount (no<br>Final Title<br>Policy in<br>file). Unable<br>to determine<br>if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  | 10/06/2025 | 2 B | XXX | CA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 233 | XXX | XXX | XXX |  | 34640110 | 9603571-<br>33631 | 10/07/2025 | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Final<br>Closing<br>Disclosure<br>Non Escrow<br>Costs Year 1<br>Underdisclosed<br>- October 2018 | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Disclosures:<br>Non Escrowed<br>Property Costs<br>over Year 1 of<br>on Final<br>Closing<br>Disclosure<br>provided on<br>XXX are<br>underdisclosed.<br>(Final/XXX) | Loan<br>Disclosures:<br>Non-<br>Escrowed<br>Property<br>Costs over<br>Year 1 of on<br>Final<br>Closing<br>Disclosure<br>provided on<br>XXX are<br>under<br>disclosed. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>31):<br>SitusAMC<br>received<br>corrected<br>PCCD and<br>LOE Seller<br>Comment<br>(2025-10-<br>30): pccd |  | 10/31/2025 |  | 2 C B | XXX | TX | Primary | Purchase | Letter of<br>Explanation<br>&<br>Corrected<br>Closing<br>Disclosure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 233 | XXX | XXX | XXX |  | 34860091 | 9603571-<br>33630 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Final<br>Closing<br>Disclosure<br>Non Escrow<br>Costs Year 1<br>Overdisclosed<br>- October 2018 | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Disclosures:<br>Non Escrowed<br>Property Costs<br>over Year 1 of<br>1,200.00 on<br>Final Closing<br>Disclosure<br>provided on<br>XXX are<br>overdisclosed.<br>(Final/XXX) | Loan<br>Disclosures:<br>Non<br>Escrowed<br>Property<br>Costs over<br>Year 1 of<br>1,200.00 on<br>Final<br>Closing<br>Disclosure<br>provided on<br>XXX are<br>over<br>disclosed. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>06):<br>SitusAMC<br>received<br>Letter of<br>explanation<br>and<br>Corrected<br>Closing<br>disclosure.<br>Seller<br>Comment<br>(2025-11-<br>05): .<br>Seller<br>Comment<br>(2025-11-<br>05): This<br>was<br>satisfied<br>under<br>exception<br>ID<br>34860091 |  | 11/06/2025 |  | 2 B | XXX | TX | Primary | Purchase | Letter of<br>Explanation<br>&<br>Corrected<br>Closing<br>Disclosure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 168 | XXX | XXX | XXX |  | 34641459 | 9603575-<br>32065 | 10/03/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>preliminary<br>title report in<br>file did not<br>disclose the<br>amount of<br>title<br>insurance<br>coverage.<br>Provide a<br>copy of the<br>final title<br>policy or an<br>addendum to<br>the<br>preliminary<br>report<br>verifying<br>title<br>insurance of<br>at least the<br>loan amount. |  |  |  |  |  |  | 10/03/2025 | 2 B | XXX | CA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 170 | XXX | XXX | XXX |  | 34655741 | 9603577-<br>27835 | 10/07/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>09):<br>Secondary<br>valuation<br>obtained<br>Seller<br>Comment<br>(2025-10-<br>09): HVE | 10/09/2025 |  |  | 1 D A | XXX CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 170 | XXX | XXX | XXX |  | 34655754 | 9603577-<br>32065 | 10/07/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  | 10/07/2025 | 2 B | XXX CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 170 | XXX | XXX | XXX |  | 34674980 | 9603577-<br>30786 | 10/08/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>10):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-<br>10):<br>Valuation <br>Received -<br>10/10/2025 | 10/10/2025 |  |  | 1 A | XXX CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 170 | XXX | XXX | XXX |  | 34687734 | 9603577-<br>27843 | 10/09/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 | AVM provided<br>is not<br>acceptable for<br>all rating<br>agencies for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>10):<br>Secondary<br>valuation<br>obtained | 10/10/2025 |  |  | 1 A | XXX CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 170 | XXX | XXX | XXX |  | 34687741 | 9603577-<br>6572 | 10/09/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Secondary/XXX) |  |  |  |  |  |  |  | 10/09/2025 | 2 B | XXX CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 172 | XXX | XXX | XXX |  | 34658441 | 9603580-<br>32065 | 10/07/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  | 10/07/2025 | 2 B | XXX CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 172 | XXX | XXX | XXX |  | 34658443 | 9603580-<br>27835 | 10/07/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the<br>secondary<br>valuation. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>09): AVM<br>provided<br>Seller<br>Comment<br>(2025-10-<br>09): AVM | 10/09/2025 |  |  | 1 D A | XXX CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 172 | XXX | XXX | XXX |  | 34658450 | 9603580-<br>6572 | 10/07/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 10/07/2025 | 2 B | XXX CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 172 | XXX | XXX | XXX |  | 34674982 | 9603580-<br>30786 | 10/08/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>10):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-<br>10):<br>Valuation <br>Received -<br>10/10/2025 | 10/10/2025 |  |  | 1 A | XXX CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 172 | XXX | XXX | XXX |  | 34687872 | 9603580-<br>6572 | 10/09/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Secondary/XXX) |  |  |  |  |  |  |  | 10/09/2025 | 2 B | XXX CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 172 | XXX | XXX | XXX |  | 34687879 | 9603580-<br>27843 | 10/09/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 | AVM provided<br>is not<br>acceptable for<br>all rating<br>agencies for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>10):<br>Secondary<br>valuation<br>obtained | 10/10/2025 |  |  | 1 A | XXX CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 173 | XXX | XXX | XXX |  | 34651230 | 9603581-<br>32065 | 10/07/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>Preliminary<br>Title Policy is<br>within CA and<br>does not<br>reflect a<br>coverage<br>amount (no<br>Final Title<br>Policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  | 10/07/2025 | 2 B | XXX CA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 174 | XXX | XXX | XXX |  | 34656075 | 9603582-<br>6572 | 10/07/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  | 10/07/2025 | 2 B | XXX CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 174 | XXX | XXX | XXX |  | 34661327 | 9603582-<br>32065 | 10/07/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>preliminary<br>title report in<br>file did not<br>disclose the<br>amount of title<br>insurance<br>coverage.<br>Provide a copy<br>of the final<br>title policy or<br>an addendum<br>to the<br>preliminary<br>report<br>verifying title<br>insurance of at<br>least the loan<br>amount. |  |  |  |  |  |  | 10/07/2025 | 2 B | XXX CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 174 | XXX | XXX | XXX |  | 34661408 | 9603582-<br>2811 | 10/07/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>AUS not<br>provided |  | The final AUS<br>(submission

#9) is<br>incomplete<br>only the first 4<br>pages were<br>provided. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>20):<br>Received<br>AUS.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-10-<br>16): Full<br>AUS | 10/20/2025 |  |  | 1 C A | XXX CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 176 | XXX | XXX | XXX |  | 34653840 | 9603584-<br>6572 | 10/07/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 10/07/2025 | 2 B | XXX | AZ | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 176 | XXX | XXX | XXX |  | 34653844 | 9603584-<br>6542 | 10/07/2025 | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$38,638.17<br>exceeds<br>tolerance of<br>$35,455.00.<br>$3,183.17 over<br>legal limit.<br>Insufficient or no<br>cure was<br>provided to the<br>borrower. (7200) | Zero Percent<br>Fee<br>Tolerance<br>exceeded for<br>Loan<br>Discount<br>Points. Fee<br>Amount of<br>$38,638.17<br>exceeds<br>tolerance of<br>$35,455.00.<br>$3,183.17<br>over legal<br>limit.<br>Insufficient<br>or no cure<br>was<br>provided to<br>the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>16):<br>SitusAMC<br>Received<br>Valid COC<br>dated XXX.<br>Seller<br>Comment<br>(2025-10-<br>15): COC | 10/16/2025 |  |  | 1 C A | XXX | AZ | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 176 | XXX | XXX | XXX |  | 34653845 | 9603584-<br>6542 | 10/07/2025 | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Verification Fee.<br>Fee Amount of<br>$69.45 exceeds<br>tolerance of<br>$0.00. $69.45<br>over legal limit.<br>Insufficient or no<br>cure was<br>provided to the<br>borrower.<br>(75208) | Zero Percent<br>Fee<br>Tolerance<br>exceeded for<br>Verification<br>Fee. Fee<br>Amount of<br>$69.45<br>exceeds<br>tolerance of<br>$0.00.<br>$69.45 over<br>legal limit.<br>Insufficient<br>or no cure<br>was<br>provided to<br>the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>16):<br>SitusAMC<br>Received<br>Valid COC<br>dated XXX.<br>Seller<br>Comment<br>(2025-10-<br>15): COC | 10/16/2025 |  |  | 1 C A | XXX | AZ | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 177 | XXX | XXX | XXX |  | 34627166 | 9603585-<br>4922 | 10/02/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | FEMA<br>Disaster Issue:<br>Property is<br>located in a<br>FEMA<br>Disaster area<br>and has not<br>been<br>inspected. |  | The property<br>is located in<br>a FEMA<br>disaster area.<br>Provide a<br>post-disaster<br>inspection<br>verifying<br>there was no<br>damage. The<br>inspection<br>must include<br>exterior<br>photos, and<br>the property<br>must be re-<br>inspected<br>after XXX,<br>the declared<br>end date. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>21): PDI<br>provided<br>Seller<br>Comment<br>(2025-10-<br>20): PDI | 10/21/2025 |  |  | 1 C A | XXX | WI | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 177 | XXX | XXX | XXX |  | 34627187 | 9603585-<br>27855 | 10/02/2025 | Property | Appraisal<br>Reconciliation | Value<br>Discrepancy | Appraisal<br>Reconciliation | Loan is to be<br>securitized.<br>Highest level<br>secondary<br>valuation<br>supports the<br>value. There is<br>a lower level<br>tertiary<br>product that<br>does not<br>support the<br>qualifying<br>value. Sec ID:<br>22 | Note Date:<br>XXX; Lien<br>Position: 1 |  |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>02): Client<br>elected to<br>waive the<br>condition |  |  | 10/02/2025 | 2 A B | XXX | WI | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 177 | XXX | XXX | XXX |  | 34630409 | 9603585-<br>6572 | 10/02/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Additional/XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 10/02/2025 | 2 B | XXX | WI | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 180 | XXX | XXX | XXX |  | 34658254 | 9603590-<br>2788 | 10/07/2025 | Compliance | Compliance | State<br>Compliance | Misc. State<br>Level | Colorado<br>Consumer<br>Credit Code<br>(First Lien<br>Refinance<br>Notice Not<br>Provided) | Colorado<br>Consumer Credit<br>Code: Borrower<br>not provided<br>First Lien<br>Refinance<br>Notice. | The First<br>Lien<br>Refinance<br>Notice is<br>missing in<br>the file. |  |  |  | Buyer<br>Comment<br>(2025-10-<br>24): Initial<br>and Final<br>Grade ,<br>accepted |  |  | 10/24/2025 | 2 B | XXX | CO | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 181 | XXX | XXX | XXX |  | 34724020 | 9698041-<br>6572 | 10/16/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Secondary/XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 10/16/2025 | 2 B | XXX | ME | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 181 | XXX | XXX | XXX |  | 34724060 | 9698041-<br>27843 | 10/16/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 | Vendor/FSD<br>do not meet<br>Fitch<br>criteria. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>22):<br>Secondary<br>valuation<br>obtained | 10/22/2025 |  |  | 1 A D | XXX | ME | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 181 | XXX | XXX | XXX |  | 34751598 | 9698041-<br>30786 | 10/17/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>22):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-10-<br>21):<br>Valuation <br>Received -<br>10/21/2025 | 10/22/2025 |  |  | 1 A | XXX | ME | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 182 | XXX | XXX | XXX |  | 34711720 | 9698042-<br>30930 | 10/16/2025 | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title Policy<br>Amount of<br>$XXX is less<br>than the note<br>amount of<br>$XXX based on<br>the Commitment<br>in file. | The Title<br>Policy<br>Amount of<br>$XXX is<br>less than the<br>note amount<br>of $XXX<br>based on the<br>Commitment<br>in file. |  |  |  |  |  |  | 10/16/2025 | 2 B | XXX | CO | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 238 | XXX | XXX | XXX |  | 34748797 | 9698053-<br>32065 | 10/17/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>preliminary<br>title report in<br>file<br>disclosed an<br>amount of<br>title<br>insurance<br>coverage<br>that is less<br>than the loan<br>amount.<br>Provide a<br>copy of the<br>final title<br>policy or an<br>addendum to<br>the<br>preliminary<br>report<br>verifying<br>title<br>insurance of<br>at least the<br>loan amount. |  |  |  |  |  |  | 10/17/2025 | 2 B | XXX | CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 238 | XXX | XXX | XXX |  | 34748885 | 9698053-<br>6583 | 10/17/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$900.00 exceeds<br>tolerance of<br>$800.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7506) | Zero Percent<br>Fee<br>Tolerance<br>exceeded for<br>Appraisal<br>Fee. Fee<br>Amount of<br>$900.00<br>exceeds<br>tolerance of<br>$800.00.<br>Sufficient or<br>excess cure<br>was<br>provided to<br>the borrower<br>at Closing. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>17):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 10/17/2025 |  | 1 A | XXX | CA | Primary | Purchase | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 238 | XXX | XXX | XXX |  | 34748890 | 9698053-<br>4433 | 10/17/2025 | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Final<br>Closing<br>Disclosure<br>Will Not Have<br>Escrow -<br>Reason | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Disclosures:<br>Final Closing<br>Disclosure<br>provided on<br>XXX incorrectly<br>disclosed<br>whether the loan<br>will have an<br>escrow account.<br>(Final/XXX) | The reason<br>why there<br>will not be<br>an escrow<br>account was<br>not<br>completed in<br>the Escrow<br>Account<br>section of<br>page 4. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>07):<br>SitusAMC<br>received<br>corrected<br>PCCD and<br>LOE Seller<br>Comment<br>(2025-11-<br>06): pccd<br>Reviewer<br>Comment<br>(2025-10-<br>28):<br>SitusAMC<br>received<br>Corrected<br>CD. Missing<br>copy of LOE<br>to borrower<br>which<br>accompanied<br>the PCCD to<br>finalize<br>Seller<br>Comment<br>(2025-10-<br>27): Pccd |  | 11/07/2025 |  | 2 C B | XXX | CA | Primary | Purchase | Letter of<br>Explanation<br>& Corrected<br>Closing<br>Disclosure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 188 | XXX | XXX | XXX |  | 34751252 | 9698056-<br>2811 | 10/21/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>AUS not<br>provided |  | AUS<br>document is<br>missing in<br>the file. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>27):<br>Received<br>AUS.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-10-<br>24): AUS | 10/27/2025 |  |  | 1 C A | XXX | DC | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 242 | XXX | XXX | XXX |  | 34791263 | 9806469-<br>30930 | 10/31/2025 | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title Policy<br>Amount of<br>$XXX is less<br>than the note<br>amount of<br>$XXX based on<br>the Commitment<br>in file. | The Title<br>Policy<br>Amount of<br>$XXX is<br>less than the<br>note amount<br>of $XXX<br>based on the<br>Commitment<br>in file. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | WA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 275 | XXX | XXX | XXX |  | 34795140 | 9806470-<br>23933 | 10/31/2025 | Credit | Legal /<br>Regulatory /<br>Compliance | Title / Lien<br>Defect | Legal /<br>Regulatory<br>/<br>Compliance | Final Title<br>Policy is<br>missing. No<br>evidence of<br>title in file. |  | The file is<br>missing a<br>copy of Title<br>Preliminary<br>or Title Final |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>10):<br>Received<br>title<br>commitment.<br>Exception<br>Cleared.<br>Buyer<br>Comment<br>(2025-11- <br>07):<br>Commitment | 11/10/2025 |  |  | 1 C A | XXX | FL | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 275 | XXX | XXX | XXX |  | 34795186 | 9806470-<br>23086 | 10/31/2025 | Credit | Asset | Asset<br>Calculation /<br>Analysis | Asset | Available for<br>Closing is<br>insufficient to<br>cover Cash<br>From<br>Borrower. | Documented<br>qualifying<br>Assets for<br>Closing of<br>$15,292.83 is<br>less than Cash<br>From Borrower<br>$19,932.86. | Available for<br>Closing is<br>insufficient<br>to cover<br>Cash From<br>Borrower. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>20):<br>Received<br>bank<br>statement.<br>Exception<br>Cleared. | 11/20/2025 |  |  | 1 C A | XXX | FL | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 275 | XXX | XXX | XXX |  | 34795258 | 9806470-<br>6572 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Secondary/XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | FL | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 275 | XXX | XXX | XXX |  | 34795260 | 9806470-<br>6583 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Field<br>Review Fee. Fee<br>Amount of<br>$120.00 exceeds<br>tolerance of<br>$0.00. Sufficient<br>or excess cure<br>was provided to<br>the borrower at<br>Closing. (7508) | Zero Percent<br>Fee<br>Tolerance<br>exceeded for<br>Appraisal<br>Field<br>Review Fee.<br>Fee Amount<br>of $120.00<br>exceeds<br>tolerance of<br>$0.00.<br>Sufficient or<br>excess cure<br>was<br>provided to<br>the borrower<br>at Closing |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>24):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 10/24/2025 |  | 1 A | XXX | FL | Primary | Refinance<br>- Rate/<br>Term | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 275 | XXX | XXX | XXX |  | 34795261 | 9806470-<br>6583 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Re-<br>Inspection Fee.<br>Fee Amount of<br>$190.00 exceeds<br>tolerance of<br>$0.00. Sufficient<br>or excess cure<br>was provided to<br>the borrower at<br>Closing. (75103) | Zero Percent<br>Fee<br>Tolerance<br>exceeded for<br>Appraisal<br>Re-<br>Inspection<br>Fee. Fee<br>Amount of<br>$190.00<br>exceeds<br>tolerance of<br>$0.00.<br>Sufficient or<br>excess cure<br>was<br>provided to<br>the borrower<br>at Closing. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>24):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 10/24/2025 |  | 1 A | XXX | FL | Primary | Refinance<br>- Rate/<br>Term | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 275 | XXX | XXX | XXX |  | 34795281 | 9806470-<br>4264 | 10/31/2025 | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Guideline | Guideline<br>Requirement:<br>PITIA reserves<br>months<br>discrepancy. | Calculated<br>PITIA months<br>reserves of 0.00<br>is less than<br>Guideline PITIA<br>months reserves<br>of 3.00. | Calculated<br>PITIA<br>months<br>reserves of<br>0.00 is less<br>than<br>Guideline<br>PITIA<br>months<br>reserves of<br>3.00. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>20):<br>Received<br>bank<br>statement.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-11- <br>18):<br>Borrowers<br>have verified<br>sufficient<br>funds<br>calculated as<br>follows:<br>Required<br>funds: Cash<br>from<br>borrower<br>$19142.86 +<br>reserves<br>$25137.24 =<br>$44280.10<br>Verified<br>funds:<br>$118599.19<br>XXX #XXX<br>8/8<br>$103306.36<br>XXX #XXX<br>8/8<br>$15292.83<br>Reserves<br>PITI<br>$8379.08 x 3<br>months =<br>$25137.24 | 11/20/2025 |  |  | 1 C A | XXX | FL | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 275 | XXX | XXX | XXX |  | 34795283 | 9806470-<br>3867 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator Loan<br>Designation of<br>Safe Harbor QM<br>(APOR) does<br>not match Due<br>Diligence Loan<br>Designation of<br>QM (APOR)<br>Risk. | Originator<br>Loan<br>Designation<br>of Safe<br>Harbor QM<br>(APOR)<br>does not<br>match Due<br>Diligence<br>Loan<br>Designation<br>of QM<br>(APOR)<br>Risk. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>02): Assets<br>provided;<br>sufficient<br>funds to<br>close and<br>reserves<br>verified<br>Seller<br>Comment<br>(2025-11-<br>26): Please<br>clear since<br>34795186<br>cleared | 12/02/2025 |  |  | 1 B A C | XXX | FL | Primary | Refinance<br>- Rate/<br>Term | Lender to<br>provide<br>updated<br>ATR/QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 275 | XXX | XXX | XXX |  | 34795284 | 9806470-<br>30196 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing one<br>or more<br>guideline<br>components, the<br>loan is at QM<br>risk. | Based on the<br>loan failing<br>one or more<br>guideline<br>components,<br>the loan is at<br>QM risk. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>02): Assets<br>provided;<br>sufficient<br>funds to<br>close and<br>reserves<br>verified<br>Seller<br>Comment<br>(2025-11-<br>26): Please<br>clear since<br>34795186<br>cleared | 12/02/2025 |  |  | 1 C A | XXX | FL | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 275 | XXX | XXX | XXX |  | 34865014 | 9806470-<br>2811 | 10/31/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Missing<br>Document | Missing<br>Document:<br>AUS not<br>provided |  | Provide a<br>complete<br>copy of the<br>DU approval<br>used to<br>qualify. The<br>file contains<br>multiple<br>copies of the<br>DU and the<br>pages are not<br>in order;<br>unable to<br>determine<br>the final<br>version used<br>to qualify. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>10):<br>Received<br>AUS.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-11-<br>10): AUS | 11/10/2025 |  |  | 1 C A | XXX | FL | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | XXX | XXX |  | 34785954 | 9806471-<br>23086 | 10/31/2025 | Credit | Asset | Asset<br>Calculation /<br>Analysis | Asset | Available for<br>Closing is<br>insufficient to<br>cover Cash<br>From<br>Borrower. | Documented<br>qualifying<br>Assets for<br>Closing of<br>$225,830.87 is<br>less than Cash<br>From Borrower<br>$675,132.55. | The file is<br>missing a<br>copy of the<br>HUD/<br>Settlement<br>statement<br>from the sale<br>of the<br>departure<br>residence, as<br>required by<br>the LP<br>approval for<br>assets used<br>to qualify. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>08):<br>Received<br>closing<br>statement.<br>Exception<br>Cleared. | 12/08/2025 |  |  | 1 C A | XXX | MN | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | XXX | XXX |  | 34785958 | 9806471-<br>30930 | 10/31/2025 | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title Policy<br>Amount of<br>$XXX is less<br>than the note<br>amount of<br>$XXX based on<br>the Commitment<br>in file. | Proposed<br>insured<br>amount is<br>less than<br>final loan<br>amount.<br>Please<br>provide final<br>policy with<br>coverage<br>equal to the<br>loan amount |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | MN | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | XXX | XXX |  | 34785964 | 9806471-<br>27835 | 10/31/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>05):<br>Secondary<br>valuation<br>obtained | 11/05/2025 |  |  | 1 D A | XXX | MN | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | XXX | XXX |  | 34786063 | 9806471-<br>3867 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator Loan<br>Designation of<br>Safe Harbor QM<br>(APOR) does<br>not match Due<br>Diligence Loan<br>Designation of<br>QM (APOR)<br>Risk. | Originator<br>Loan<br>Designation<br>of Safe<br>Harbor QM<br>(APOR)<br>does not<br>match Due<br>Diligence<br>Loan<br>Designation<br>of QM<br>(APOR)<br>Risk. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>08):<br>Received<br>closing<br>statement<br>from sale of<br>departure<br>residence.<br>Seller<br>Comment<br>(2025-12-<br>08): This can<br>now be<br>cleared since<br>34865527<br>cleared<br>Reviewer<br>Comment<br>(2025-11-<br>21): This<br>condition<br>will remain<br>open until all<br>QM/<br>Guideline<br>conditions<br>are cleared.<br>Seller<br>Comment<br>(2025-11-<br>19): QM | 12/08/2025 |  |  | 1 B A C | XXX | MN | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | XXX | XXX |  | 34786064 | 9806471-<br>6542 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Transfer Tax.<br>Fee Amount of<br>$2,520.00<br>exceeds<br>tolerance of<br>$2,358.00.<br>$162.00 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. (8304) | The fee<br>increased on<br>the final CD<br>and the file<br>did not<br>contain a<br>valid COC<br>and a cure<br>was not<br>provided. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>20):<br>SitusAMC<br>received<br>valid<br>changed<br>circumstance.<br>Seller<br>Comment<br>(2025-11- <br>19): COC | 11/20/2025 |  |  | 1 C A | XXX | MN | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | XXX | XXX |  | 34786069 | 9806471-<br>4264 | 10/31/2025 | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Guideline | Guideline<br>Requirement:<br>PITIA reserves<br>months<br>discrepancy. | Calculated<br>PITIA months<br>reserves of 0.00<br>is less than<br>Guideline PITIA<br>months reserves<br>of 3.00. | The file is<br>missing a<br>copy of the<br>HUD/<br>Settlement<br>statement<br>from the sale<br>of the<br>departure<br>residence, as<br>required by<br>the LP<br>approval for<br>assets used<br>to qualify |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>08):<br>Received<br>closing<br>statement.<br>Exception<br>Cleared. | 12/08/2025 |  |  | 1 C A | XXX | MN | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | XXX | XXX |  | 34786074 | 9806471-<br>30196 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing one<br>or more<br>guideline<br>components, the<br>loan is at QM<br>risk. |  |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>08):<br>Received<br>closing<br>statement<br>from sale of<br>departure<br>residence.<br>Seller<br>Comment<br>(2025-12-<br>08): Please<br>clear as<br>34865527<br>has cleared | 12/08/2025 |  |  | 1 C A | XXX | MN | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | XXX | XXX |  | 34865527 | 9806471-<br>6516 | 10/31/2025 | Credit | Credit | AUS<br>Discrepancy /<br>Guidelines<br>Discrepancy | Guideline | AUS/<br>Guideline<br>Findings: All<br>conditions<br>were not met |  | The file is<br>missing a<br>copy of the<br>HUD/<br>Settlement<br>statement<br>from the sale<br>of the<br>departure<br>residence, as<br>required by<br>the LP<br>approval for<br>assets used<br>to qualify<br>and to<br>exclude the<br>PITIA from<br>the DTI. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>08):<br>Received<br>closing<br>statement.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-12- <br>04): XXX<br>XXX final<br>settlement<br>statement | 12/08/2025 |  |  | 1 C A | XXX | MN | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | XXX | XXX |  | 34865529 | 9806471-<br>33060 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Guideline<br>Deficiency -<br>QM Impact | General QM:<br>There are<br>guideline<br>deficiencies<br>which could<br>result in a risk to<br>the borrower's<br>ability to repay.<br>(Exception is<br>eligible to be<br>regraded with<br>compensating<br>factors.) |  |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>08):<br>Received<br>closing<br>statement.<br>Exception<br>Cleared. | 12/08/2025 |  |  | 1 C A | XXX | MN | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | XXX | XXX |  | 34880091 | 9806471-<br>30786 | 11/03/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>05):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-<br>04):<br>Valuation <br>Received -<br>11/04/2025 | 11/05/2025 |  |  | 1 A | XXX | MN | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 243 | XXX | XXX | XXX |  | 34787565 | 9806472-<br>6582 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Ten<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Ten<br>Percent Fee<br>Tolerance<br>exceeded. Total<br>amount of<br>$200.00 exceeds<br>tolerance of<br>$168.00 plus<br>10% or $184.80.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (0) | Recording<br>Fee was last<br>disclosed as<br>$168.00 on<br>LE but<br>disclosed as<br>$200.00 on<br>Final<br>Closing<br>Disclosure.<br>Sufficient<br>cure was<br>provided to<br>the borrower<br>at Closing. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>23):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 10/23/2025 |  | 1 A | XXX | CA | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 244 | XXX | XXX | XXX |  | 34785675 | 9806473-<br>23933 | 10/31/2025 | Credit | Legal /<br>Regulatory /<br>Compliance | Title / Lien<br>Defect | Legal /<br>Regulatory /<br>Compliance | Final Title<br>Policy is<br>missing. No<br>evidence of<br>title in file. |  |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>10):<br>Received<br>title<br>commitment.<br>Exception<br>Cleared.<br>Buyer<br>Comment<br>(2025-11- <br>07):<br>Commitment | 11/10/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 244 | XXX | XXX | XXX |  | 34948226 | 9806473-<br>30930 | 11/10/2025 | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title Policy<br>Amount of<br>$XXX is less<br>than the note<br>amount of<br>$XXX based on<br>the Commitment<br>in file. | Provide a<br>copy of the<br>final title<br>policy or an<br>addendum to<br>the report<br>verifying<br>title<br>insurance of<br>at least the<br>loan amount. |  |  |  |  |  |  | 11/10/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 277 | XXX | XXX | XXX |  | 34840056 | 9806474-<br>27843 | 10/31/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 | The file was<br>missing copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>05):<br>Secondary<br>valuation<br>obtained | 11/05/2025 |  |  | 1 A D | XXX | CO | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 277 | XXX | XXX | XXX |  | 34840059 | 9806474-<br>6572 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Secondary/XXX) |  |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CO | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 277 | XXX | XXX | XXX |  | 34880092 | 9806474-<br>30786 | 11/03/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>05):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-<br>04):<br>Valuation <br>Received -<br>11/04/2025 | 11/05/2025 |  |  | 1 A | XXX | CO | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 278 | XXX | XXX | XXX |  | 34787588 | 9806475-<br>2859 | 10/31/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | Missing<br>Document:<br>Mortgage<br>Loan Payoff<br>Statement not<br>provided |  | File is<br>missing a<br>copy of<br>Mortgage<br>Loan Payoff<br>Statement<br>document. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>20):<br>Received<br>Mortgage<br>Loan Payoff<br>Statement.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-11-<br>18): Payoff | 11/20/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 278 | XXX | XXX | XXX |  | 34787596 | 9806475-<br>4436 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Borrower<br>waived right to<br>receive a copy of<br>the appraisal at<br>least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not<br>provided at or<br>before closing.<br>(Type:Secondary/XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 278 | XXX | XXX | XXX |  | 34864355 | 9806475-<br>27843 | 10/31/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>05):<br>Secondary<br>valuation<br>obtained | 11/05/2025 |  |  | 1 A D | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 278 | XXX | XXX | XXX |  | 34880093 | 9806475-<br>30786 | 11/03/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>05):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-<br>04):<br>Valuation <br>Received -<br>11/04/2025 | 11/05/2025 |  |  | 1 A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 279 | XXX | XXX | XXX |  | 34789324 | 9806476-<br>6582 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Ten<br>Percent<br>Tolerance<br>Violation With<br>Sufficient Cure<br>Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure: Ten<br>Percent Fee<br>Tolerance<br>exceeded. Total<br>amount of<br>$2,046.00<br>exceeds tolerance<br>of $1,646.00 plus<br>10% or<br>$1,810.60.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (0) | Ten Percent<br>Fee Tolerance<br>exceeded.<br>Total amount<br>of $2,046.00<br>exceeds<br>tolerance of<br>$1,646.00 plus<br>10% or<br>$1,810.60.<br>Sufficient or<br>excess cure<br>was provided<br>to the borrower<br>at Closing. |  |  |  | Reviewer<br>Comment<br>(2025-10-23):<br>Sufficient<br>Cure Provided<br>At Closing |  | 10/23/2025 |  | 1 A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 279 | XXX | XXX | XXX |  | 34870256 | 9806476-<br>31591 | 10/31/2025 | Credit | Documents | Missing<br>Document | Documents | File does not<br>contain<br>documentation<br>from lender/<br>seller<br>confirming the<br>condo is<br>warrantable. | Valuation Type:<br>Appraisal /<br>Valuation Report<br>Date: XXX | Documentation/Confirmation<br>from the lender<br>confirming the<br>project is<br>warrantable is<br>required. Note:<br>the FNMA<br>CPM states<br>"No Fannie<br>Mae Review"<br>was<br>completed. | Miscellaneous<br>Borrower has<br>been<br>employed in<br>the same<br>industry for<br>more than 5<br>years.<br>Borrower has<br>verified<br>disposable<br>income of at<br>least<br>$2500.00.<br>Borrower has<br>worked in the<br>same position<br>for more than<br>3 years.<br>Borrower's<br>monthly<br>reserves have<br>been verified<br>and exceed<br>the amount<br>required<br>based on the<br>guidelines by<br>at least 4<br>months. The<br>Combined<br>Loan to Value<br>(CLTV) on<br>the loan is<br>less than the<br>guideline<br>maximum by<br>at least 10%.<br>The Loan to<br>Value (LTV)<br>on the loan is<br>less than the<br>guideline<br>maximum by<br>at least 10%.<br>The<br>qualifying<br>DTI on the<br>loan is at least<br>10% less than<br>the guideline<br>maximum.<br>The<br>qualifying<br>DTI on the<br>loan is less<br>than or equal<br>to 35%. The<br>representative<br>FICO score<br>exceeds the<br>guideline<br>minimum by<br>at least 40<br>points. The<br>representative<br>FICO score is<br>above 680. | Payment<br>shock of -<br>10.821%<br>Residual<br>income of<br>$59,550.15 | Aggregator SitusAMC<br>Aggregator,SitusAMC<br>SitusAMC SitusAMC<br>SitusAMC SitusAMC<br>SitusAMC SitusAMC<br>SitusAMC SitusAMC | Reviewer<br>Comment<br>(2025-12-03):<br>Client elected<br>to waive the<br>condition with<br>the following<br>Comp Factors:<br>Payment<br>shock of -<br>10.821% +<br>Residual<br>income of<br>$59,550.15<br>Reviewer<br>Comment<br>(2025-11-20):<br>Required<br>project<br>approval to<br>clear this<br>condition.<br>Exception<br>Remains.<br>Seller<br>Comment<br>(2025-11-18):<br>Please see<br>attached<br>FNMA<br>announcement<br>19-62 which<br>outlines the<br>acceptable<br>warranty<br>documentation<br>based on<br>review type.<br>We have<br>obtained all<br>required<br>documentation<br>required for a<br>Full or<br>Established<br>Review to<br>support<br>warrantability.<br>-1008 which<br>indicates the<br>warranty type<br>- HOA<br>Questionnaire<br>- Master<br>policy and<br>HO-6 |  |  | 12/03/2025 | 2 C B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 280 | XXX | XXX | XXX |  | 34784844 | 9806477-<br>32065 | 10/31/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>preliminary<br>title report in<br>file did not<br>disclose the<br>amount of title<br>insurance<br>coverage.<br>Provide a copy<br>of the final<br>title policy or<br>an addendum<br>to the<br>preliminary<br>report<br>verifying title<br>insurance of at<br>least the loan<br>amount. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 280 | XXX | XXX | XXX |  | 34784852 | 9806477-<br>6572 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 280 | XXX | XXX | XXX |  | 34784854 | 9806477-<br>34957 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient Cure<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>3,576.75 exceeds<br>tolerance of $-<br>5,358.00.<br>Insufficient or no<br>cure was<br>provided to the<br>borrower. (9300) | A valid change<br>of<br>circumstance<br>is not provided<br>for fee increase<br>and no<br>evidence of<br>tolerance cure<br>is provided. |  |  |  | Reviewer<br>Comment<br>(2025-11-20):<br>SitusAMC<br>received valid<br>COC<br>document<br>Seller<br>Comment<br>(2025-11-20):<br>COC | 11/20/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 280 | XXX | XXX | XXX |  | 34784855 | 9806477-<br>2666 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TILA<br>Right-to-<br>Cancel<br>Missing,<br>Incorrect,<br>Incomplete<br>and/or<br>provided<br>on the<br>wrong<br>form | TILA<br>Rescission -<br>Disbursement<br>Date Less than<br>3 Business<br>Days From<br>Transaction<br>Date | Truth in Lending<br>Act: Subject loan<br>transaction<br>disbursed on<br>XXX, prior to<br>three (3) business<br>days from<br>transaction date<br>of XXX. | Loan was<br>disbursed prior<br>to midnight of<br>third business<br>day after<br>consummation.<br>Lender to re-<br>open<br>rescission,<br>provide copy<br>of new right to<br>cancel form,<br>copy of letter<br>of explanation<br>sent to<br>borrower, and<br>proof of<br>delivery. Note:<br>This exception<br>will not be<br>cleared until<br>expiration of<br>new rescission<br>period. |  |  |  | Reviewer<br>Comment<br>(2025-11-21):<br>Post-close CD<br>and final<br>settlement<br>statement<br>provided<br>verifying an<br>updated<br>disbursement<br>date. Seller<br>Comment<br>(2025-11-20):<br>Disbursement | 11/21/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | TILA ROR<br>- Provide<br>the<br>following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>and Re-open<br>Rescission<br>using the<br>correct<br>model form C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 281 | XXX | XXX | XXX |  | 34784049 | 9806478-<br>6572 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>XXX) |  |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | FL | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 281 | XXX | XXX | XXX |  | 34870294 | 9806478-<br>4259 | 10/31/2025 | Credit | Credit | AUS<br>Discrepancy<br>/ Guidelines<br>Discrepancy | Credit | Guideline<br>Requirement:<br>Property type<br>discrepancy. | Appraisal<br>property type of<br>Single Family<br>Detached does<br>not match<br>Guideline<br>property type of<br>PUD. | The appraisal<br>identified the<br>subject is a<br>Detached SFR.<br>However, the<br>AUS identified<br>the property as<br>a PUD and<br>there was a<br>PUD Rider<br>attached to the<br>Mortgage.<br>Provide a copy<br>of the updated<br>appraisal<br>identifying the<br>property as a<br>PUD. Note: if<br>the subject is<br>not a PUD, a<br>revised<br>Mortgage<br>removing the<br>PUD Rider<br>with proof of<br>re-recording is<br>required. |  |  |  | Reviewer<br>Comment<br>(2025-12-09):<br>Revised<br>appraisal<br>correcting the<br>property type<br>was provided.<br>Seller<br>Comment<br>(2025-12-08):<br>Appraisal -<br>PUD | 12/09/2025 |  |  | 1 C A | XXX | FL | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 282 | XXX | XXX | XXX |  | 34863845 | 9806479-<br>7115 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | RESPA | RESPA -<br>Initial Escrow<br>Account<br>statement<br>Inaccurate | RESPA: Initial<br>escrow account<br>statement does<br>not match<br>charges on HUD-<br>1/Final Closing<br>Disclosure. | Final CD is<br>missing. Initial<br>escrow<br>account<br>statement does<br>not match<br>charges on<br>HUD-1/Final<br>Closing<br>Disclosure.<br>Note: the file<br>is missing the<br>final CD; the<br>only CD in file<br>has an issue<br>date of XXX. |  |  |  | Reviewer<br>Comment<br>(2025-11-26):<br>SitusAMC<br>received final<br>CD. | 11/26/2025 |  |  | 1 B A | XXX | NC | Primary | Purchase | If the IEAD<br>is correct<br>and the CD/<br>HUD is<br>incorrect,<br>we require a<br>corrected<br>PCCD/HUD<br>with LOE to<br>borrower to<br>cure.<br>Signature is<br>not<br>required. If<br>the CD/<br>HUD is<br>correct and<br>the IEAD is<br>incorrect,<br>we require<br>LOE and<br>corrected<br>IEAD to<br>cure.<br>Signature is<br>not<br>required. C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 282 | XXX | XXX | XXX |  | 34863846 | 9806479-<br>34632 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Estimated<br>Escrow<br>Payment<br>Under<br>Disclosed Test | TILA-RESPA<br>Integrated<br>Disclosure -<br>Projected<br>Payments: Final<br>Closing<br>Disclosure<br>provided on<br>XXX disclosed<br>an escrow<br>payment for<br>payment stream<br>1 that does not<br>match the actual<br>payment for the<br>loan.<br>(ProjSeq:1/XXX) | Final CD is<br>missing<br>.Projected<br>Payments:<br>Final Closing<br>Disclosure<br>provided on<br>XXX disclosed<br>an escrow<br>payment for<br>payment<br>stream 1 that<br>does not match<br>the actual<br>payment for<br>the loan Note:<br>the file is<br>missing the<br>final CD; the<br>only CD in file<br>has an issue<br>date of XXX. |  |  |  | Reviewer<br>Comment<br>(2025-11-26):<br>SitusAMC<br>received final<br>CD. Seller<br>Comment<br>(2025-11-25):<br>TRID Final<br>Closing<br>Disclosure<br>Estimated<br>Escrow | 11/26/2025 |  |  | 1 C A | XXX | NC | Primary | Purchase | TILA<br>Material<br>Disclosure<br>Cure -<br>Provide the<br>following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 282 | XXX | XXX | XXX |  | 34863847 | 9806479-<br>34665 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Will Have<br>Escrow -<br>Monthly<br>Escrow<br>Payment<br>Underdisclosed<br>Test | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Disclosures:<br>Final Closing<br>Disclosure<br>provided on<br>XXX disclosed<br>the Monthly<br>Escrow Payment<br>that does not<br>match the actual<br>escrow payment<br>for the loan.<br>(Final/XXX) | Final CD is<br>missing .Final<br>Closing<br>Disclosure<br>provided on<br>XXX disclosed<br>the Monthly<br>Escrow<br>Payment that<br>does not match<br>the actual<br>escrow<br>payment for<br>the loan. Note:<br>the file is<br>missing the<br>final CD; the<br>only CD in file<br>has an issue<br>date of XXX. |  |  |  | Reviewer<br>Comment<br>(2025-11-26):<br>SitusAMC<br>received final<br>CD. | 11/26/2025 |  |  | 1 C A | XXX | NC | Primary | Purchase | Provide the<br>following:<br>Letter of<br>Explanation<br>notifying<br>borrower or<br>error and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 282 | XXX | XXX | XXX |  | 34879939 | 9806479-<br>2856 | 11/05/2025 | Credit | Loan Package<br>Documentation | Application<br>/ Processing | Missing<br>Document | Missing<br>Document:<br>Loan<br>Underwriting<br>and<br>Transmittal<br>Summary<br>(1008) /<br>MCAW not<br>provided |  | The 1008<br>provided has a<br>much higher<br>tax amount<br>than the final<br>CD and the tax<br>certificate<br>provided.<br>Please provide<br>a corrected<br>1008. |  |  |  | Reviewer<br>Comment<br>(2025-11-28):<br>Received<br>1008 & Tax<br>certificate.<br>Exception<br>Cleared. Seller<br>Comment<br>(2025-11-25):<br>1008 aligns<br>with TRID<br>Final Closing<br>Disclosure<br>Estimated<br>Escrow CD | 11/28/2025 |  |  | 1 C A | XXX | NC | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 246 | XXX | XXX | XXX |  | 34787961 | 9806481-<br>6572 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CO | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 246 | XXX | XXX | XXX |  | 34787963 | 9806481-<br>6582 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Ten<br>Percent<br>Tolerance<br>Violation With<br>Sufficient Cure<br>Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure: Ten<br>Percent Fee<br>Tolerance<br>exceeded. Total<br>amount of<br>$2,511.50<br>exceeds tolerance<br>of $2,205.00 plus<br>10% or<br>$2,425.50.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (0) | Total amount<br>Fee was last<br>disclosed as<br>$2,205.00 on<br>LE but<br>disclosed as<br>$2,511.50 on<br>Final Closing<br>Disclosure.<br>Sufficient or<br>excess cure<br>was provided<br>to the borrower<br>at Closing. |  |  |  | Reviewer<br>Comment<br>(2025-10-23):<br>Sufficient<br>Cure Provided<br>At Closing |  | 10/23/2025 |  | 1 A | XXX | CO | Primary | Refinance<br>- Rate/<br>Term | Final CD<br>evidences<br>Cure B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 247 | XXX | XXX | XXX |  | 34786490 | 9806482-<br>32065 | 10/31/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>preliminary<br>title report in<br>file did not<br>disclose the<br>amount of title<br>insurance<br>coverage.<br>Provide a copy<br>of the final<br>title policy or<br>an addendum<br>to the<br>preliminary<br>report<br>verifying title<br>insurance of at<br>least the loan<br>amount. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 283 | XXX | XXX | XXX |  | 34870347 | 9806483-<br>31591 | 10/31/2025 | Credit | Documents | Missing<br>Document | Documents | File does not<br>contain<br>documentation<br>from lender/<br>seller<br>confirming the<br>condo is<br>warrantable. | Valuation<br>Type:<br>Appraisal /<br>Valuation<br>Report Date:<br>XXX | .<br>Documentation/Confirmation<br>from the lender<br>confirming the<br>project is<br>warrantable is<br>required. | Borrower has<br>verified<br>disposable<br>income of at<br>least<br>$2500.00.<br>Borrower has<br>been<br>employed in<br>the same<br>industry for<br>more than 5<br>years.<br>Borrower has<br>worked in the<br>same position<br>for more than<br>3 years. The<br>Combined<br>Loan to Value<br>(CLTV) on<br>the loan is<br>less than the<br>guideline<br>maximum by<br>at least 10%.<br>The Loan to<br>Value (LTV)<br>on the loan is<br>less than or<br>equal to 70%.<br>The Loan to<br>Value (LTV)<br>on the loan is<br>less than the<br>guideline<br>maximum by<br>at least 10%.<br>The<br>representative<br>FICO score<br>exceeds the<br>guideline<br>minimum by<br>at least 40<br>points. The<br>representative<br>FICO score is<br>above 680.<br>Miscellaneous | Residual<br>income of<br>$15,341.88<br>monthly<br>Payment<br>shock of -<br>16.770% | SitusAMC,Aggregator<br>SitusAMC SitusAMC<br>SitusAMC SitusAMC<br>SitusAMC SitusAMC<br>SitusAMC Aggregator | Reviewer<br>Comment<br>(2025-12-<br>03): Client<br>elected to<br>waive the<br>condition<br>with the<br>following<br>Comp<br>Factors:<br>Payment<br>shock of -<br>16.770% +<br>Residual<br>income of<br>$15,341.88<br>monthly<br>Reviewer<br>Comment<br>(2025-11-<br>20): As per<br>guideline<br>required<br>project<br>approval to<br>clear this<br>condition.<br>Exception<br>Remains.<br>Seller<br>Comment<br>(2025-11-<br>18): As<br>indicated<br>in DU cert<br>item #25, a<br>project<br>review is<br>not<br>required<br>because<br>this is a<br>detached<br>condo. |  |  | 12/03/2025 | 2 C B | XXX | HI | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 284 | XXX | XXX | XXX |  | 34786866 | 9806484-<br>32066 | 10/31/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary/<br>Commitment<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. | Title Evidence:<br>Commitment<br>State: WA | The<br>preliminary<br>title report in<br>file did not<br>disclose the<br>amount of title<br>insurance<br>coverage.<br>Provide a copy<br>of the final<br>title policy or<br>an addendum<br>to the<br>preliminary<br>report<br>verifying title<br>insurance of at<br>least the loan<br>amount. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>20): Title<br>supplement<br>provided<br>verifying<br>title<br>insurance<br>coverage<br>amount.<br>Seller<br>Comment<br>(2025-11-<br>19): title | 11/20/2025 |  |  | 1 C A | XXX | WA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 284 | XXX | XXX | XXX |  | 34786913 | 9806484-<br>33305 | 10/31/2025 | Credit | Hazard<br>Insurance | Insufficient<br>Coverage | Hazard<br>Insurance | The Hazard<br>Insurance<br>Policy<br>effective date<br>is after the<br>funds<br>disbursed. | Hazard<br>Insurance<br>Policy<br>Effective Date<br>XXX;<br>Disbursement<br>Date: XXX;<br>Note Date:<br>XXX;<br>Transaction<br>Date: XXX | Guidelines do<br>not allow for<br>the Hazard<br>Insurance<br>Policy to have<br>an effective<br>date of XXX<br>that is after the<br>later of the<br>disbursement,<br>note or<br>transaction<br>date of XXX. | Borrower's<br>monthly<br>reserves have<br>been verified<br>and exceed<br>the amount<br>required<br>based on the<br>guidelines by<br>at least 4<br>months.<br>Borrower has<br>verified<br>disposable<br>income of at<br>least<br>$2500.00.<br>Borrowers<br>made a down<br>payment from<br>their own<br>funds on this<br>purchase<br>transaction of<br>at least 5%<br>and<br>$5,000.00.<br>The<br>representative<br>FICO score<br>exceeds the<br>guideline<br>minimum by<br>at least 40<br>points. The<br>representative<br>FICO score is<br>above 680. | 273.85<br>months<br>reserves<br>Residual<br>income of<br>$10,059.01<br>monthly. | SitusAMC,Aggregator<br>Aggregator,SitusAMC<br>SitusAMC SitusAMC<br>SitusAMC | Reviewer<br>Comment<br>(2025-12-<br>12): Client<br>elected to<br>waive the<br>condition<br>with the<br>following<br>Comp<br>Factors:<br>273.85<br>months<br>reserves<br>and<br>residual<br>income of<br>$10,059.01<br>monthly.<br>Seller<br>Comment<br>(2025-12-<br>11):<br>Attestation |  |  | 12/12/2025 | 2 C B | XXX | WA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 284 | XXX | XXX | XXX |  | 34842705 | 9806484-<br>6572 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | WA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 285 | XXX | XXX | XXX |  | 34786632 | 9806485-<br>6542 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Processing<br>Fee. Fee<br>Amount of<br>$995.00<br>exceeds<br>tolerance of<br>$0.00. $995.00<br>over legal<br>limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower.<br>(7548) | The Processing<br>fee was<br>disclosed to<br>the borrower<br>on the LE as a<br>title processing<br>fee, the final<br>CD shows a<br>third-party<br>processing fee<br>for the same<br>amount. This<br>fee was<br>disclosed to<br>the borrower<br>incorrectly on<br>the LE without<br>a lender credit<br>to cover the<br>cost to cure. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>04):<br>SItusAMC<br>received<br>LOE for<br>fee name<br>change for<br>processing<br>fee. Fee<br>disclosed<br>under<br>incorrect<br>section<br>later<br>correctly<br>disclosed.<br>Seller<br>Comment<br>(2025-12-<br>02):<br>response | 12/04/2025 |  |  | 1 C A | XXX | WA | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 285 | XXX | XXX | XXX |  | 34786658 | 9806485-<br>27835 | 10/31/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>05):<br>Secondary<br>valuation<br>obtained | 11/05/2025 |  |  | 1 D A | XXX | WA | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 285 | XXX | XXX | XXX |  | 34880094 | 9806485-<br>30786 | 11/03/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>05):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-<br>04):<br>Valuation <br>Received -<br>11/04/2025 | 11/05/2025 |  |  | 1 A | XXX | WA | Primary | Purchase | D A C | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 248 | XXX | XXX | XXX |  | 34787207 | 9806486-<br>6582 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Ten<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Ten Percent<br>Fee Tolerance<br>exceeded.<br>Total amount<br>of $250.00<br>exceeds<br>tolerance of<br>$216.00 plus<br>10% or<br>$237.60.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing. (0) | 10% tolerance<br>was exceeded<br>by $12.40 due<br>to increase of<br>recording fee.<br>Sufficient or<br>excess cure<br>was provided<br>to the borrower<br>at Closing. |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>23):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 10/23/2025 |  | 1 A | XXX | CA | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 274 | XXX | XXX | XXX |  | 34787707 | 9806466-<br>35034 | 10/31/2025 | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | Borrower:<br>XXX |  |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>09):<br>Transcript<br>provided<br>Seller<br>Comment<br>(2025-12-<br>08):<br>Transcript<br>Reviewer <br>Comment<br>(2025-11-<br>20):<br>Income<br>reported on<br>schedule E<br>of 1040's,<br>therefore<br>the<br>transcripts<br>to support<br>the income<br>verified on<br>the tax<br>returns.<br>Condition<br>remains<br>Seller<br>Comment<br>(2025-11-<br>18): The<br>borrower's<br>income<br>was<br>derived<br>from a K1<br>from XXX.<br>Per the K1<br>XXX is a<br>0% owner.<br>In this<br>case, I<br>don't think<br>a transcript<br>is required. | 12/09/2025 |  |  | 1 C A | XXX | AZ | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 274 | XXX | XXX | XXX |  | 34787723 | 9806466-<br>27835 | 10/31/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>06):<br>Secondary<br>valuation<br>obtained | 11/06/2025 |  |  | 1 D A | XXX | AZ | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 274 | XXX | XXX | XXX |  | 34787729 | 9806466-<br>6572 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/XXX) |  |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | AZ | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 274 | XXX | XXX | XXX |  | 34787731 | 9806466-<br>30196 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing<br>one or more<br>guideline<br>components,<br>the loan is at<br>QM risk. |  |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>09):<br>Transcript<br>provided | 12/09/2025 |  |  | 1 C A | XXX | AZ | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 274 | XXX | XXX | XXX |  | 34787734 | 9806466-<br>3867 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Risk. | Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Risk. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>09):<br>Transcript<br>provided | 12/09/2025 |  |  | 1 B A C | XXX | AZ | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 274 | XXX | XXX | XXX |  | 34787738 | 9806466-<br>6542 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$6,595.87<br>exceeds<br>tolerance of<br>$6,584.42.<br>$11.45 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower.<br>(7200) | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$6,595.87<br>exceeds<br>tolerance of<br>$6,584.42.<br>$11.45 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>20):<br>SitusAMC<br>received a<br>valid COC.<br>Seller<br>Comment<br>(2025-11-<br>19): COC | 11/20/2025 |  |  | 1 C A | XXX | AZ | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 274 | XXX | XXX | XXX |  | 34880096 | 9806466-<br>30786 | 11/03/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>06):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-<br>05):<br>Valuation <br>Received -<br>11/05/2025 | 11/06/2025 |  |  | 1 A | XXX | AZ | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 272 | XXX | XXX | XXX |  | 34785995 | 9806487-<br>30930 | 10/31/2025 | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title<br>Policy Amount<br>of $XXX is less<br>than the note<br>amount of<br>$XXX based on<br>the<br>Commitment in<br>file. | Title Policy<br>Coverage is less<br>than Original<br>Loan Amount. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | AZ | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 286 | XXX | XXX | XXX |  | 34785840 | 9806488-<br>34957 | 11/03/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>5,394.45<br>exceeds<br>tolerance of $-<br>7,363.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower.<br>(9300) | Final Lender<br>Credit of $-<br>5,394.45 exceeds<br>tolerance of $-<br>7,363.00.<br>Insufficient or no<br>cure was<br>provided to the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-11-20):<br>SitusAMC<br>received<br>updated COC<br>with<br>additional<br>information<br>for the pricing<br>changed to<br>decrease the<br>lender credit.<br>Seller<br>Comment<br>(2025-11-20):<br>Lender credits<br>decreased on<br>XXX with the<br>COC provided<br>then increased<br>on 9/30/25 | 11/20/2025 |  |  | 1 C A | XXX | VA | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 286 | XXX | XXX | XXX |  | 34785841 | 9806488-<br>6542 | 11/03/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$96.00 exceeds<br>tolerance of<br>$75.00. $21.00<br>over legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower.<br>(7520) | Credit Report<br>Fee was last<br>disclosed as<br>$75.00 on LE but<br>disclosed as<br>$96.00 on Final<br>Closing<br>Disclosure. File<br>does not contain<br>a valid COC for<br>this fee, nor<br>evidence of cure.<br>Provide a post-<br>close CD<br>disclosing the<br>tolerance cure to<br>include $21.00, a<br>copy of refund<br>check, proof of<br>delivery, and a<br>copy of the letter<br>of explanation<br>sent to the<br>borrower<br>disclosing the<br>changes made. |  |  |  | Reviewer<br>Comment<br>(2025-11-20):<br>SitusAMC:<br>Sufficient cure<br>provided. Full<br>cure amount<br>for tolerance<br>violation was<br>provided at<br>closing (on<br>final CD)<br>resulting in a<br>cleared<br>exception.<br>Seller<br>Comment<br>(2025-11-20):<br>Borrowers<br>received a<br>tolerance cure<br>of $701.33 at<br>closing ($21<br>credit report +<br>$680.33<br>transfer taxes)<br>= $701.33 | 11/20/2025 |  |  | 1 C A | XXX | VA | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 286 | XXX | XXX | XXX |  | 34785842 | 9806488-<br>6542 | 11/03/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Transfer Tax.<br>Fee Amount of<br>$13,430.33<br>exceeds<br>tolerance of<br>$12,750.00.<br>$680.33 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower.<br>(8304) | Transfer Tax was<br>last disclosed as<br>$12,750.00 on<br>LE but disclosed<br>as $13,430.33 on<br>Final Closing<br>Disclosure. File<br>does not contain<br>a valid COC for<br>this fee, nor<br>evidence of cure.<br>Provide a post-<br>close CD<br>disclosing the<br>tolerance cure to<br>include $680.33,<br>a copy of refund<br>check, proof of<br>delivery, and a<br>copy of the letter<br>of explanation<br>sent to the<br>borrower<br>disclosing the<br>changes made. |  |  |  | Reviewer<br>Comment<br>(2025-11-20):<br>SitusAMC:<br>Sufficient cure<br>provided. Full<br>cure amount<br>for tolerance<br>violation was<br>provided at<br>closing (on<br>final CD)<br>resulting in a<br>cleared<br>exception.<br>Seller<br>Comment<br>(2025-11-20):<br>Borrowers<br>received a<br>tolerance cure<br>of $701.33 at<br>closing ($21<br>credit report +<br>$680.33<br>transfer taxes)<br>= $701.33 | 11/20/2025 |  |  | 1 C A | XXX | VA | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 286 | XXX | XXX | XXX |  | 35025547 | 9806488-<br>6583 | 11/20/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$96.00 exceeds<br>tolerance of<br>$75.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7520) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-20):<br>Sufficient<br>Cure Provided<br>At Closing |  | 11/20/2025 |  | 1 A | XXX | VA | Primary | Purchase | Final CD<br>evidences<br>Cure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 286 | XXX | XXX | XXX |  | 35025548 | 9806488-<br>6583 | 11/20/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Transfer Tax.<br>Fee Amount of<br>$13,430.33<br>exceeds<br>tolerance of<br>$12,750.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (8304) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-20):<br>Sufficient<br>Cure Provided<br>At Closing |  | 11/20/2025 |  | 1 A | XXX | VA | Primary | Purchase | Final CD<br>evidences<br>Cure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 249 | XXX | XXX | XXX |  | 34813019 | 9806489-<br>27835 | 10/31/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy of<br>the secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-11-05):<br>Secondary<br>valuation<br>obtained | 11/05/2025 |  |  | 1 D A | XXX | CA | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 249 | XXX | XXX | XXX |  | 34880097 | 9806489-<br>30786 | 11/03/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX / Collateral<br>Desktop Analysis<br>(CDA) - No<br>MLS Sheets - 2<br>Days |  |  |  | Reviewer<br>Comment<br>(2025-11-05):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-04):<br>Valuation<br>Received -<br>11/04/2025 | 11/05/2025 |  |  | 1 A | XXX | CA | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 287 | XXX | XXX | XXX |  | 34838977 | 9806490-<br>33305 | 10/31/2025 | Credit | Hazard<br>Insurance | Insufficient<br>Coverage | Hazard<br>Insurance | The Hazard<br>Insurance<br>Policy<br>effective date<br>is after the<br>funds<br>disbursed. | Hazard<br>Insurance<br>Policy<br>Effective Date<br>XXX;<br>Disbursement<br>Date: XXX;<br>Note Date:<br>XXX;<br>Transaction<br>Date: XXX | The<br>homeowner's<br>insurance<br>declarations page<br>in the file<br>verified an<br>effective date of<br>XXX which is<br>after the<br>consummation<br>date of XXX.<br>Provide a revised<br>homeowner's |  |  |  | Reviewer<br>Comment<br>(2025-11-21):<br>Updated<br>documentation<br>provided<br>verifying the<br>updated<br>effective date.<br>Seller<br>Comment<br>(2025-11-20):<br>HOI | 11/21/2025 |  |  | 1 C A | XXX | WA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 287 | XXX | XXX | XXX |  | 34838992 | 9806490-<br>4436 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Borrower<br>waived right to<br>receive a copy<br>of the appraisal<br>at least three<br>(3) business<br>days prior to<br>closing, and<br>appraisal was<br>not provided at<br>or before<br>closing.<br>(Type:Primary/<br>XXX) | Borrower waived<br>right to receive a<br>copy of the<br>appraisal at least<br>three (3) business<br>days prior to<br>closing, and<br>appraisal was not<br>provided at or<br>before closing. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | WA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 250 | XXX | XXX | XXX |  | 34785930 | 9806491-<br>32065 | 10/31/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The Preliminary<br>title policy<br>amount is blank<br>in the document |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 251 | XXX | XXX | XXX |  | 34806648 | 9806492-<br>6572 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did not<br>provide a copy<br>of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Creditor did not<br>provide a copy of<br>each valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | MD | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 251 | XXX | XXX | XXX |  | 34806652 | 9806492-<br>6583 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$81.90 exceeds<br>tolerance of<br>$80.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7520) | Zero Percent Fee<br>Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee Amount<br>of $81.90<br>exceeds tolerance<br>of $80.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. |  |  |  | Reviewer<br>Comment<br>(2025-10-27):<br>Sufficient<br>Cure Provided<br>At Closing |  | 10/27/2025 |  | 1 A | XXX | MD | Primary | Purchase | Final CD<br>evidences<br>Cure B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 252 | XXX | XXX | XXX |  | 34797035 | 9806493-<br>2918 | 10/31/2025 | Credit | Loan Package<br>Documentation | Closing / Title | Missing<br>Document | Missing<br>Document:<br>Rider - Other<br>not provided |  | GA<br>Acknowledgment<br>of Borrower<br>Rights |  |  |  | Reviewer<br>Comment<br>(2025-11-10):<br>Received<br>Rider - Other.<br>Exception<br>Cleared.<br>Buyer<br>Comment<br>(2025-11-07):<br>Complete<br>SECI with<br>Riders | 11/10/2025 |  |  | 1 C A | XXX | GA | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 252 | XXX | XXX | XXX |  | 34797040 | 9806493-<br>23933 | 10/31/2025 | Credit | Legal /<br>Regulatory /<br>Compliance | Title / Lien<br>Defect | Legal /<br>Regulatory<br>/<br>Compliance | Final Title<br>Policy is<br>missing. No<br>evidence of<br>title in file. |  | The file was<br>missing a copy of<br>the final title<br>policy. |  |  |  | Reviewer<br>Comment<br>(2025-11-10):<br>Received title<br>commitment.<br>Exception<br>Cleared.<br>Buyer<br>Comment<br>(2025-11-07):<br>Commitment | 11/10/2025 |  |  | 1 C A | XXX | GA | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 240 | XXX | XXX | XXX |  | 34806434 | 9806467-<br>27843 | 11/03/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 |  |  |  |  | Reviewer<br>Comment<br>(2025-11-06):<br>Secondary<br>valuation<br>obtained | 11/06/2025 |  |  | 1 A D | XXX | CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 240 | XXX | XXX | XXX |  | 34806439 | 9806467-<br>32065 | 11/03/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  |  |  | 11/03/2025 | 2 B | XXX | CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 240 | XXX | XXX | XXX |  | 34806468 | 9806467-<br>6572 | 11/03/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Secondary/XXX) |  |  |  |  |  |  |  | 11/03/2025 | 2 B | XXX | CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 240 | XXX | XXX | XXX |  | 34806470 | 9806467-<br>6583 | 11/03/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$825.00 exceeds<br>tolerance of<br>$800.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7506) |  |  |  |  | Reviewer<br>Comment<br>(2025-10-27):<br>Sufficient Cure<br>Provided At<br>Closing |  | 10/27/2025 |  | 1 A | XXX | CA | Primary | Purchase | Final CD<br>evidences<br>Cure D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 240 | XXX | XXX | XXX |  | 34892825 | 9806467-<br>30786 | 11/04/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-11-06):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-06):<br>Valuation<br>Received -<br>11/06/2025 | 11/06/2025 |  |  | 1 A | XXX | CA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 273 | XXX | XXX | XXX |  | 34916475 | 9806494-<br>34966 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Borrower<br>waived right to<br>receive a copy of<br>the appraisal at<br>least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not<br>provided at or<br>before closing.<br>(Client:XXX/<br>XXX) |  |  |  |  |  |  |  | 11/05/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 288 | XXX | XXX | XXX |  | 34811593 | 9806495-<br>27843 | 10/31/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-11-04):<br>Secondary<br>valuation<br>obtained | 11/04/2025 |  |  | 1 A D | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 288 | XXX | XXX | XXX |  | 34811609 | 9806495-<br>32065 | 10/31/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The file was<br>missing a copy<br>of the final<br>title policy. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 288 | XXX | XXX | XXX |  | 34811776 | 9806495-<br>4436 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Borrower<br>waived right to<br>receive a copy of<br>the appraisal at<br>least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not<br>provided at or<br>before closing.<br>(Type:Secondary/XXX) | Verification of<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 288 | XXX | XXX | XXX |  | 34811778 | 9806495-<br>34956 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Amount<br>Financed Test | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Calculations:<br>Final Closing<br>Disclosure<br>provided on<br>XXX disclosed<br>an Amount<br>Financed<br>disclosed an<br>inaccurate<br>Amount<br>Financed. The<br>disclosed<br>Amount<br>Financed in the<br>amount of<br>$XXX is over<br>disclosed by<br>$145.00<br>compared to the<br>calculated<br>Amount<br>Financed of<br>$XXX and the<br>disclosed<br>Finance Charge<br>is not accurate<br>within<br>applicable<br>tolerances for<br>Amount<br>Financed to be<br>considered<br>accurate (fee<br>amounts<br>included in<br>Amount<br>Financed and<br>Finance Charge<br>calculations are<br>based on<br>Closing<br>Disclosure dated<br>XXX). (Final/<br>XXX) | Final Closing<br>Disclosure<br>provided on<br>XXX disclosed<br>an Amount<br>Financed<br>disclosed an<br>inaccurate<br>Amount<br>Financed. The<br>disclosed<br>Amount<br>Financed in<br>the amount of<br>$XXX is over<br>disclosed by<br>$145.00<br>compared to<br>the calculated<br>Amount<br>Financed of<br>$XXX and the<br>disclosed<br>Finance<br>Charge is not<br>accurate within<br>applicable<br>tolerances for<br>Amount<br>Financed to be<br>considered<br>accurate (fee<br>amounts<br>included in<br>Amount<br>Financed and<br>Finance<br>Charge<br>calculations<br>are based on<br>Closing<br>Disclosure<br>dated XXX).<br>(Final/XXX) |  |  |  | Reviewer<br>Comment<br>(2025-12-09):<br>SitusAMC<br>received PCCD,<br>LOE, Copy of<br>Refund Check,<br>Re-opening of<br>Rescission and<br>Proof of<br>Receipt. Seller<br>Comment<br>(2025-12-08):<br>Cure, NRTC -<br>both delivered<br>with<br>confirmation<br>Reviewer<br>Comment<br>(2025-12-02):<br>SitusAMC<br>received<br>Corrected CD,<br>LOE to<br>borrower, copy<br>of cure refund<br>for total<br>underdisclosure,<br>proof of mailing<br>and copies of<br>unexecuted<br>RTC's. The<br>FedEx tracking<br>does not yet<br>reflect package<br>has been<br>delivered. In<br>order for proof<br>of reopening of<br>rescission, must<br>provide proof of<br>delivery to start<br>waiting period.<br>Provide proof<br>when delivered<br>and should be at<br>least 3 business<br>days prior to the<br>12-8-25 cancel<br>by date on<br>RTC's. Seller<br>Comment<br>(2025-12-01):<br>Cure and new<br>rescission<br>opened |  | 12/09/2025 |  | 2 C B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 288 | XXX | XXX | XXX |  | 34811779 | 9806495-<br>4376 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Final<br>Closing<br>Disclosure<br>Finance<br>Charge | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Calculations:<br>Final Closing<br>Disclosure<br>provided on<br>XXX disclosed<br>an inaccurate<br>Finance Charge<br>on page 5 that<br>does not match<br>the actual<br>Finance Charge<br>for the loan. The<br>disclosed<br>Finance Charge<br>in the amount of<br>$XXX is under<br>disclosed by<br>$145.00<br>compared to the<br>calculated<br>Finance Charge<br>of $XXX which<br>exceeds the<br>$35.00 threshold<br>(fee amounts<br>included in<br>Finance Charge<br>calculation are<br>based on<br>Closing<br>Disclosure dated<br>XXX). (Final/<br>XXX) | Final Closing<br>Disclosure<br>provided on<br>XXX disclosed<br>an inaccurate<br>Finance<br>Charge on<br>page 5 that<br>does not match<br>the actual<br>Finance<br>Charge for the<br>loan. The<br>disclosed<br>Finance<br>Charge in the<br>amount of<br>$XXX is under<br>disclosed by<br>$145.00<br>compared to<br>the calculated<br>Finance<br>Charge of<br>$XXX which<br>exceeds the<br>$35.00<br>threshold (fee<br>amounts<br>included in<br>Finance<br>Charge<br>calculation are<br>based on<br>Closing<br>Disclosure<br>dated XXX).<br>(Final/XXX) |  |  |  | Reviewer<br>Comment<br>(2025-12-09):<br>SitusAMC<br>received PCCD,<br>LOE, Copy of<br>Refund Check,<br>Re-opening of<br>Rescission and<br>Proof of<br>Receipt. |  | 12/09/2025 |  | 2 C B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Refund check<br>for<br>underdisclosed<br>amount,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 288 | XXX | XXX | XXX |  | 34880098 | 9806495-<br>30786 | 11/03/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-11-04):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-04):<br>Valuation<br>Received -<br>11/04/2025 | 11/04/2025 |  |  | 1 A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 289 | XXX | XXX | XXX |  | 34808690 | 9806497-<br>6572 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | OR | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 289 | XXX | XXX | XXX |  | 34808694 | 9806497-<br>34957 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>2,710.40<br>exceeds<br>tolerance of $-<br>5,122.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. (9300) | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Lender<br>Credits. Final<br>Lender Credit<br>of $-2,710.40<br>exceeds<br>tolerance of $-<br>5,122.00. no<br>cure was<br>provided to the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-11-20):<br>SitusAMC<br>received valid<br>COC document<br>Seller Comment<br>(2025-11-20):<br>COC's | 11/20/2025 |  |  | 1 C A | XXX | OR | Second<br>Home | Purchase | Fee Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund Check,<br>and Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 289 | XXX | XXX | XXX |  | 34808698 | 9806497-<br>29644 | 10/31/2025 | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | The<br>verification of<br>employment is<br>required and<br>was not found<br>in file. | Borrower: XXX<br>// Employment<br>Type: XXX /<br>Income Type:<br>Wages / Start<br>Date:<br>07/10/2022 | This file was<br>missing a copy<br>of VVOE. Per<br>guidelines,<br>Verbal<br>Verification of<br>Employment<br>VVOE<br>completed<br>within 10 days<br>of note date |  |  |  | Reviewer<br>Comment<br>(2025-11-20):<br>Received<br>VVOE.<br>Exception<br>Cleared. | 11/20/2025 |  |  | 1 C A | XXX | OR | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 289 | XXX | XXX | XXX |  | 34808699 | 9806497-<br>31059 | 10/31/2025 | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Verification(s)<br>of employment<br>is not within 10<br>business days of<br>the Note. | Borrower: XXX<br>// Employment<br>Type: XXX /<br>Income Type:<br>Wages / Start<br>Date:<br>07/10/2022 | This file was<br>missing a copy<br>of VVOE. Per<br>guidelines,<br>Verbal<br>Verification of<br>Employment<br>VVOE<br>completed<br>within 10 days<br>of note date |  |  |  | Reviewer<br>Comment<br>(2025-11-20):<br>Received<br>VVOE.<br>Exception<br>Cleared. Seller<br>Comment<br>(2025-11-18):<br>Please see<br>attached | 11/20/2025 |  |  | 1 C A | XXX | OR | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 290 | XXX | XXX | XXX |  | 34793557 | 9806498-<br>1330 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | RESPA | RESPA<br>Disclosure -<br>List of<br>Homeownership<br>Counseling<br>Organizations<br>Missing | RESPA<br>Disclosure Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide<br>List of<br>Homeownership<br>Counseling<br>Organizations<br>to borrower. | Creditor did not<br>provide List of<br>Homeownership<br>Counseling<br>Organizations<br>to borrower. |  |  |  | Buyer<br>Comment<br>(2025-12-02):<br>Initial and<br>Final Grade B,<br>accepted |  |  | 12/02/2025 | 2 B | XXX | MA | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 290 | XXX | XXX | XXX |  | 34793568 | 9806498-<br>33616 | 11/05/2025 | Credit | Disclosure | Missing<br>Document | Disclosure | E-sign Consent<br>Agreement is<br>missing. | Disclosure: E-<br>Sign Consent<br>Agreement | E-sign Consent<br>Agreement is<br>missing. |  |  |  | Reviewer<br>Comment<br>(2025-12-04):<br>Received E-<br>sign consent<br>agreement.<br>Exception<br>Cleared. Seller<br>Comment<br>(2025-12-03):<br>Consent<br>verification<br>Reviewer<br>Comment<br>(2025-11-19):<br>E-consent not<br>received.<br>Exception<br>Remains.<br>Seller<br>Comment<br>(2025-11-18):<br>Econsent<br>document | 12/04/2025 |  |  | 1 C A | XXX | MA | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 290 | XXX | XXX | XXX |  | 34793569 | 9806498-<br>27835 | 11/05/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing |  |  |  | Reviewer<br>Comment<br>(2025-11-08):<br>Secondary<br>valuation<br>obtained | 11/08/2025 |  |  | 1 D A | XXX | MA | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 290 | XXX | XXX | XXX |  | 34793587 | 9806498-<br>39787 | 11/05/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | The file is<br>missing proof<br>of the Universal<br>Loan Identifier<br>(ULI). |  | Universal Loan<br>Identifier (ULI)<br>is Missing |  |  |  | Reviewer<br>Comment<br>(2025-11-08):<br>ULI provided<br>Buyer<br>Comment<br>(2025-11-07):<br>XXX | 11/08/2025 |  |  | 1 B A | XXX | MA | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 290 | XXX | XXX | XXX |  | 34916396 | 9806498-<br>30786 | 11/05/2025 | Property | Valuation | General | Valuation | Valuation<br>Product pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis (CDA)<br>- No MLS<br>Sheets - 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-11-08):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-07):<br>Valuation<br>Received -<br>11/07/2025 | 11/08/2025 |  |  | 1 A | XXX | MA | Primary | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 290 | XXX | XXX | XXX |  | 35012712 | 9806498-<br>6583 | 11/19/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient Cure<br>Provided At<br>Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$725.00<br>exceeds<br>tolerance of<br>$550.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7506) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-19):<br>Sufficient Cure<br>Provided At<br>Closing |  | 11/19/2025 |  | 1 A | XXX | MA | Primary | Purchase | Final CD<br>evidences<br>Cure D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 291 | XXX | XXX | XXX |  | 34836093 | 9806499-<br>32065 | 10/31/2025 | Credit | Title | Document<br>Error | Title | The Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title policy<br>in file). Unable<br>to determine if<br>appropriate<br>coverage is<br>provided. |  | The Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title policy<br>in file). Unable<br>to determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 291 | XXX | XXX | XXX |  | 34836550 | 9806499-<br>20377 | 10/31/2025 | Credit | Insurance | Insurance<br>Analysis | Insurance | The Flood<br>Insurance<br>Policy effective<br>date is after the<br>Note Date. | Flood Insurance<br>Policy Effective<br>Date XXX,<br>Note Date XXX | Effective Date<br>After<br>Consummation<br>Date | Borrower's<br>monthly<br>reserves have<br>been verified<br>and exceed<br>the amount<br>required<br>based on the<br>guidelines by<br>at least 4<br>months.<br>Borrower has<br>been<br>employed in<br>the same<br>industry for<br>more than 5<br>years.<br>Borrower has<br>worked in the<br>same position<br>for more than<br>3 years.<br>Borrowers<br>made a down<br>payment<br>from their<br>own funds on<br>this purchase<br>transaction of<br>at least 5%<br>and<br>$5,000.00.<br>The<br>representative<br>FICO score is<br>above 680. | 43.06<br>months<br>reserves | SitusAMC,Aggregator<br>SitusAMC SitusAMC<br>SitusAMC SitusAMC | Reviewer<br>Comment<br>(2025-12-12):<br>Client elected<br>to waive the<br>condition with<br>the following<br>Comp Factors:<br>43.06 months<br>reserves,<br>residual<br>income<br>$69,070.30<br>monthly. Seller<br>Comment<br>(2025-12-12):<br>No claims<br>Reviewer<br>Comment<br>(2025-11-19):<br>Policy<br>Effective Date<br>is after note<br>date. Required<br>hazard<br>insurance<br>policy within<br>note date to<br>clear this<br>condition.<br>Exception<br>Remains.<br>Seller<br>Comment<br>(2025-11-18):<br>The loan did<br>not disburse<br>until XXX -<br>which means<br>keys & money<br>did not change<br>hands with the<br>home<br>ownership until<br>XXX. Flood<br>insurance was<br>active at the<br>time of<br>disbursement. -<br>which is<br>acceptable. |  |  | 12/12/2025 | 2 C B | XXX | CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 291 | XXX | XXX | XXX |  | 34836561 | 9806499-<br>30225 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns provided<br>are not the most<br>recent.<br>Application<br>Date XXX,<br>Most Recent<br>Tax Return End<br>Date<br>12/31/2023,<br>Tax Return Due<br>Date<br>03/15/2025.<br>(XXX,XXX<br>XXX/<br>Partnership) |  |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 291 | XXX | XXX | XXX |  | 34836562 | 9806499-<br>30225 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns provided<br>are not the most<br>recent.<br>Application<br>Date XXX,<br>Most Recent<br>Tax Return End<br>Date<br>12/31/2023,<br>Tax Return Due<br>Date<br>03/15/2025.<br>(XXX,XXX<br>XXX/<br>Partnership) |  |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 291 | XXX | XXX | XXX |  | 34836564 | 9806499-<br>22522 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | TRID Defect | TRID Final<br>Closing<br>Disclosure<br>Total Of<br>Payments | TILA-RESPA<br>Integrated<br>Disclosure -<br>Loan<br>Calculations:<br>Final Closing<br>Disclosure<br>provided on<br>XXX disclosed<br>an inaccurate<br>Total of<br>Payments on<br>page 5 that does<br>not match the<br>actual total of<br>payments for<br>the loan (fee<br>amounts<br>included in<br>TOP calculation<br>are based on<br>Closing<br>Disclosure<br>dated XXX).<br>The disclosed<br>Total of<br>Payments in the<br>amount of<br>$6,946,915.04<br>is under<br>disclosed by<br>$166.15<br>compared to the<br>calculated total<br>of payments of<br>$6,947,081.19<br>which exceeds<br>the $100.00<br>threshold.<br>(Final/XXX) | Loan<br>Calculations:<br>Final Closing<br>Disclosure<br>provided on<br>XXX disclosed<br>an inaccurate<br>Total of<br>Payments on<br>page 5 that does<br>not match the<br>actual total of<br>payments for<br>the loan (fee<br>amounts<br>included in<br>TOP calculation<br>are based on<br>Closing<br>Disclosure<br>dated XXX).<br>The disclosed<br>Total of<br>Payments in the<br>amount of<br>$6,946,915.04<br>is under<br>disclosed by<br>$166.15<br>compared to the<br>calculated total<br>of payments of<br>$6,947,081.19<br>which exceeds<br>the $100.00<br>threshold. |  |  |  | Reviewer<br>Comment<br>(2025-12-11):<br>SitusAMC<br>received<br>PCCD, LOE,<br>Copy of<br>Refund Check<br>and Proof of<br>Mailing. Buyer<br>Comment<br>(2025-12-10):<br>Delivered<br>12/6/25<br>Reviewer<br>Comment<br>(2025-12-03):<br>Courier does<br>not yet show<br>the remediation<br>package<br>enroute. New<br>follow up-date<br>is set. Seller<br>Comment<br>(2025-12-02):<br>cure Reviewer<br>Comment<br>(2025-11-18):<br>The title<br>insurance<br>increased by<br>$162, the<br>messenger fee<br>was removed in<br>the amount of<br>$40 and the<br>Notary fee<br>increased by<br>$50 for a net<br>increase and<br>under<br>disclosure in<br>the amount of<br>$172. Cure<br>requires<br>PCCD, LOE,<br>Copy of refund<br>check and<br>proof of<br>mailing. Seller<br>Comment<br>(2025-11-18):<br>TOP calculator<br>Reviewer<br>Comment<br>(2025-11-05):<br>SitusAMC<br>received XXX<br>CD. However,<br>the borrower<br>costs in section<br>D increased<br>from the final<br>CD which<br>caused an<br>underdisclosed<br>TOP<br>calculation on<br>the Final CD.<br>Cure would be<br>Corrected CD,<br>LOE to<br>borrower, copy<br>of cure refund<br>for total<br>underdisclosure<br>of $166.15 and<br>proof of<br>mailing. Seller<br>Comment<br>(2025-11-04):<br>Post CD<br>received during<br>Initial review |  | 12/11/2025 |  | 2 C B | XXX | CA | Primary | Purchase | TILA Material<br>Disclosure<br>Cure - Provide<br>the following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Refund check<br>for<br>underdisclosed<br>equivalent<br>amount,<br>Corrected CD,<br>and Re-open<br>Rescission<br>(required on<br>rescindable<br>transactions) C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 241 | XXX | XXX | XXX |  | 34794702 | 9806468-<br>6572 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide<br>a copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 11/05/2025 | 2 B | XXX | WA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 241 | XXX | XXX | XXX |  | 34794707 | 9806468-<br>27765 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient Cure<br>- 1026.19(f)(2)<br>Cure | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Transfer Tax.<br>Fee Amount of<br>$80.00 exceeds<br>tolerance of<br>$0.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower.<br>(8304) | Sufficient cure<br>was provided at<br>closing. |  |  |  | Reviewer<br>Comment<br>(2025-10-24):<br>Sufficient Cure<br>Provided<br>within 60 Days<br>of Closing |  | 10/24/2025 |  | 1 A | XXX | WA | Primary | Purchase | Provide the<br>following:<br>Letter of<br>Explanation<br>notifying<br>borrower or<br>error, Copy of<br>Refund<br>Check/<br>Evidence of<br>Principal<br>Reduction,<br>Corrected CD,<br>and Proof of<br>Delivery (if<br>refund is over<br>$35) B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 254 | XXX | XXX | XXX |  | 34801804 | 9806501-<br>6572 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide<br>a copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | NY | Primary | Refinance<br>- Cash-<br>out -<br>Other | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 254 | XXX | XXX | XXX |  | 34801805 | 9806501-<br>6572 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Secondary/XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | NY | Primary | Refinance<br>- Cash-<br>out -<br>Other | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 255 | XXX | XXX | XXX |  | 34832645 | 9806502-<br>32065 | 10/31/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>preliminary<br>title report<br>in file did<br>not disclose<br>the amount<br>of title<br>insurance<br>coverage.<br>Provide a<br>copy of the<br>final title<br>policy or an<br>addendum<br>to the<br>preliminary<br>report<br>verifying<br>title<br>insurance<br>of at least<br>the loan<br>amount. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 255 | XXX | XXX | XXX |  | 34851854 | 9806502-<br>6572 | 10/31/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 10/31/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 256 | XXX | XXX | XXX |  | 34797227 | 9806503-<br>30225 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns provided<br>are not the most<br>recent.<br>Application Date<br>XXX, Most<br>Recent Tax<br>Return End Date<br>12/31/2023, Tax<br>Return Due Date<br>04/15/2025.<br>(XXX,XXX<br>XXX/Schedule<br>K-1 less than 25<br>Percent) |  |  |  |  |  |  |  | 11/05/2025 | 2 B | XXX | CO | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 257 | XXX | XXX | XXX |  | 34796810 | 9806504-<br>27843 | 11/05/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property<br>-<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>07):<br>Secondary<br>valuation<br>obtained | 11/07/2025 |  |  | 1 A D | XXX | GA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 257 | XXX | XXX | XXX |  | 34796836 | 9806504-<br>6572 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) |  |  |  |  |  |  |  | 11/05/2025 | 2 B | XXX | GA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 257 | XXX | XXX | XXX |  | 34796837 | 9806504-<br>6572 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Secondary/XXX) |  |  |  |  |  |  |  | 11/05/2025 | 2 B | XXX | GA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 257 | XXX | XXX | XXX |  | 34796838 | 9806504-<br>34962 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Client:XXX/<br>XXX) |  |  |  |  |  |  |  | 11/05/2025 | 2 B | XXX | GA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 257 | XXX | XXX | XXX |  | 34796839 | 9806504-<br>6582 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Ten<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Ten<br>Percent Fee<br>Tolerance<br>exceeded. Total<br>amount of<br>$85.00 exceeds<br>tolerance of<br>$60.00 plus 10%<br>or $66.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (0) |  |  |  |  | Reviewer<br>Comment<br>(2025-10-<br>24):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 10/24/2025 |  | 1 A | XXX | GA | Primary | Purchase | Final CD<br>evidences<br>Cure D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 257 | XXX | XXX | XXX |  | 34916397 | 9806504-<br>30786 | 11/05/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS<br>Sheets - 2<br>Days |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>07):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-<br>06):<br>Valuation <br>Received -<br>11/06/2025 | 11/07/2025 |  |  | 1 A | XXX | GA | Primary | Purchase | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 294 | XXX | XXX | XXX |  | 34887924 | 9852656-<br>32065 | 11/05/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>preliminary<br>title policy<br>is within<br>CA or NV<br>and does<br>not reflect a<br>coverage<br>amount(no<br>final title<br>policy in<br>file).<br>Unable to<br>determine<br>if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  | 11/05/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 294 | XXX | XXX | XXX |  | 34887974 | 9852656-<br>6543 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Ten<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Ten<br>Percent Fee<br>Tolerance<br>exceeded. Total<br>amount of<br>$486.00 exceeds<br>tolerance of<br>$397.00 plus<br>10% or $436.70.<br>$49.30 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. (0) | Ten Percent<br>Fee<br>Tolerance<br>exceeded.<br>Total<br>amount of<br>$486.00<br>exceeds<br>tolerance of<br>$397.00<br>plus 10%<br>or $436.70.<br>$49.30 over<br>legal limit.<br>Insufficient<br>or no cure<br>was<br>provided to<br>the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>26):<br>SitusAMC<br>received<br>Post CD<br>and LO<br>along with<br>Final SS.<br>Seller<br>Comment<br>(2025-11-<br>25): Cured,<br>pccd | 11/26/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Cash-<br>out -<br>Other | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 294 | XXX | XXX | XXX |  | 34887975 | 9852656-<br>6542 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$185.64 exceeds<br>tolerance of<br>$150.00. $35.64<br>over legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. (7520) | Zero<br>Percent Fee<br>Tolerance<br>exceeded<br>for Credit<br>Report Fee.<br>Fee<br>Amount of<br>$185.64<br>exceeds<br>tolerance of<br>$150.00.<br>$35.64 over<br>legal limit.<br>Insufficient<br>or no cure<br>was<br>provided to<br>the<br>borrower |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>26):<br>Sufficient<br>cure<br>provided.<br>Full cure<br>amount for<br>tolerance<br>violation<br>was<br>provided at<br>or before<br>closing (on<br>final CD)<br>resulting in<br>a cleared<br>exception.<br>Seller<br>Comment<br>(2025-11-<br>25): Cured<br>at closing | 11/26/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Cash-<br>out -<br>Other | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 294 | XXX | XXX | XXX |  | 35102530 | 9852656-<br>6583 | 11/26/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$185.64 exceeds<br>tolerance of<br>$150.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7520) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>26):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 11/26/2025 |  | 1 A | XXX | CA | Primary | Refinance<br>- Cash-<br>out -<br>Other | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 295 | XXX | XXX | XXX |  | 34873260 | 9852657-<br>34957 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $-<br>7,525.50<br>exceeds<br>tolerance of $-<br>9,066.00.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. (9300) | Zero<br>Percent Fee<br>Tolerance<br>exceeded<br>for Lender<br>Credits.<br>Final<br>Lender<br>Credit of $-<br>7,525.50<br>exceeds<br>tolerance of<br>$-9,066.00.<br>Insufficient<br>or no cure<br>was<br>provided to<br>the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>01):<br>SitusAMC<br>received<br>valid COC<br>document<br>Seller<br>Comment<br>(2025-11-<br>26):<br>Lender<br>credits<br>COC's | 12/01/2025 |  |  | 1 C A | XXX | NJ | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 295 | XXX | XXX | XXX |  | 34873262 | 9852657-<br>6542 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Transfer Tax.<br>Fee Amount of<br>$40.00 exceeds<br>tolerance of<br>$0.00. $40.00<br>over legal limit.<br>Insufficient or no<br>cure was<br>provided to the<br>borrower. (8304) | Zero Percent<br>Fee<br>Tolerance<br>exceeded for<br>Transfer<br>Tax. Fee<br>Amount of<br>$40.00<br>exceeds<br>tolerance of<br>$0.00.<br>$40.00 over<br>legal limit.<br>however,<br>there was a<br>lender credit<br>to cover the<br>cost to cure. |  |  |  | Reviewer<br>Comment<br>(2025-12-01):<br>Sufficient cure<br>provided. Full<br>cure amount<br>for tolerance<br>violation was<br>provided at or<br>before closing<br>(on final CD)<br>resulting in a<br>cleared<br>exception.<br>Seller<br>Comment<br>(2025-11-26):<br>Cured at<br>closing | 12/01/2025 |  |  | 1 C A | XXX | NJ | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 295 | XXX | XXX | XXX |  | 35123174 | 9852657-<br>6583 | 12/01/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Transfer Tax.<br>Fee Amount of<br>$40.00 exceeds<br>tolerance of<br>$0.00. Sufficient<br>or excess cure<br>was provided to<br>the borrower at<br>Closing. (8304) | Sufficient<br>cure<br>provided at<br>closing |  |  |  | Reviewer<br>Comment<br>(2025-12-01):<br>Sufficient Cure<br>Provided At<br>Closing |  | 12/01/2025 |  | 1 A | XXX | NJ | Primary | Purchase | Final CD<br>evidences<br>Cure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 297 | XXX | XXX | XXX |  | 34865315 | 9852659-<br>4436 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Borrower<br>waived right to<br>receive a copy of<br>the appraisal at<br>least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not provided<br>at or before<br>closing.<br>(Type:Secondary/XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 11/05/2025 | 2 B | XXX | OR | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 297 | XXX | XXX | XXX |  | 34865338 | 9852659-<br>31059 | 11/05/2025 | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Verification(s)<br>of employment<br>is not within<br>10 business<br>days of the<br>Note. | Borrower: XXX<br>// Employment<br>Type: XXX /<br>Income Type:<br>Wages / Start<br>Date:<br>10/30/2023 | Missing<br>VOE dated<br>within 10<br>business<br>days. |  |  |  | Reviewer<br>Comment<br>(2025-11-25):<br>Received<br>VVOE.<br>Exception<br>Cleared. Seller<br>Comment<br>(2025-11-24):<br>Page 2 of<br>email chain<br>confirms<br>employment<br>dated XXX | 11/25/2025 |  |  | 1 C A | XXX | OR | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 297 | XXX | XXX | XXX |  | 34884916 | 9852659-<br>27843 | 11/05/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 | Loan is to be<br>securitized.<br>AVM<br>supports<br>value.<br>Vendor/FSD<br>do not meet<br>Fitch<br>criteria. |  |  |  | Reviewer<br>Comment<br>(2025-11-08):<br>Secondary<br>valuation<br>obtained | 11/08/2025 |  |  | 1 A D | XXX | OR | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 297 | XXX | XXX | XXX |  | 34916399 | 9852659-<br>30786 | 11/05/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-11-08):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-07):<br>Valuation<br>Received -<br>11/07/2025 | 11/08/2025 |  |  | 1 A | XXX | OR | Primary | Refinance<br>- Rate/<br>Term | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 298 | XXX | XXX | XXX |  | 34870129 | 9852661-<br>30930 | 11/05/2025 | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title Policy<br>Amount of<br>$XXX is less<br>than the note<br>amount of<br>$XXX based on<br>the Commitment<br>in file. | The Title<br>Policy<br>Amount of<br>$XXX is<br>less than the<br>note amount<br>of $XXX<br>based on the<br>Commitment<br>in file. |  |  |  |  |  |  | 11/05/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 298 | XXX | XXX | XXX |  | 34870147 | 9852661-<br>28454 | 11/05/2025 | Credit | Missing<br>Document | General | Missing<br>Document | Missing<br>Document:<br>Appraisal<br>Transfer Letter<br>not provided |  | The file is<br>missing a<br>copy of<br>Appraisal<br>Transfer<br>Letter. |  |  |  | Reviewer<br>Comment<br>(2025-11-25):<br>Received<br>Appraisal<br>Transfer<br>Letter.<br>Exception<br>Cleared. Seller<br>Comment<br>(2025-11-24):<br>Transfer Letter | 11/25/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 298 | XXX | XXX | XXX |  | 34870167 | 9852661-<br>6572 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 11/05/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Cash-<br>out -<br>Other | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 298 | XXX | XXX | XXX |  | 34870169 | 9852661-<br>6542 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$10,730.00<br>exceeds<br>tolerance of<br>$3,041.00.<br>$7,689.00 over<br>legal limit.<br>Insufficient or no<br>cure was<br>provided to the<br>borrower. (7200) | Zero Percent<br>Fee<br>Tolerance<br>exceeded for<br>Loan<br>Discount<br>Points. Fee<br>Amount of<br>$10,730.00<br>exceeds<br>tolerance of<br>$3,041.00.<br>$7,689.00<br>over legal<br>limit.<br>Insufficient<br>or no cure<br>was<br>provided to<br>the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-12-02):<br>Situsamc<br>Received<br>Valid COC<br>dated XXX.<br>Seller<br>Comment<br>(2025-12-01):<br>Pricing, AUS<br>Reviewer<br>Comment<br>(2025-12-01):<br>SitusAMC<br>received COC<br>dated XXX<br>indicates<br>reason for loan<br>amount<br>changed.<br>However, the<br>discount point<br>rate (1.073%<br>increased from<br>0.313%) did<br>not change<br>proportionately<br>with the loan<br>amount change<br>and is not a<br>valid reason<br>for the<br>discount point<br>rate increased<br>to add the<br>discount point<br>fee added.<br>Provide<br>additional<br>information to<br>support a<br>pricing change<br>for the<br>discount point<br>fee added or<br>cure would be<br>due. Seller<br>Comment<br>(2025-11-26):<br>coc | 12/02/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Cash-<br>out -<br>Other | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 298 | XXX | XXX | XXX |  | 34870170 | 9852661-<br>6542 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Mortgage Broker<br>Fee. Fee Amount<br>of $2,050.00<br>exceeds<br>tolerance of<br>$1,992.00.<br>$58.00 over<br>legal limit.<br>Insufficient or no<br>cure was<br>provided to the<br>borrower.<br>(73109) | Zero Percent<br>Fee<br>Tolerance<br>exceeded for<br>Mortgage<br>Broker Fee.<br>Fee Amount<br>of $2,050.00<br>exceeds<br>tolerance of<br>$1,992.00.<br>$58.00 over<br>legal limit.<br>Insufficient<br>or no cure<br>was<br>provided to<br>the<br>borrower. |  |  |  | Reviewer<br>Comment<br>(2025-12-02):<br>Situsamc<br>Received<br>Valid COC<br>dated XXX. | 12/02/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Cash-<br>out -<br>Other | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 258 | XXX | XXX | XXX |  | 34887877 | 9852652-<br>4436 | 11/06/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Borrower<br>waived right to<br>receive a copy of<br>the appraisal at<br>least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not provided<br>at or before<br>closing.<br>(Type:Additional/10/02/2025) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided |  |  |  |  |  |  | 11/06/2025 | 2 B | XXX | AZ | Second<br>Home | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 301 | XXX | XXX | XXX |  | 34873925 | 9852666-<br>23698 | 11/05/2025 | Credit | Credit | Credit<br>Documentation | Credit | No evidence of<br>fraud report in<br>file | Credit Report:<br>Original //<br>Borrower: XXX | The file was<br>missing a<br>copy of the<br>Fraud<br>Report |  |  |  | Reviewer<br>Comment<br>(2025-12-04):<br>Received fraud<br>report.<br>Exception<br>Cleared. Seller<br>Comment<br>(2025-12-03):<br>Fraud<br>Reviewer<br>Comment<br>(2025-11-25):<br>The document<br>reference is<br>insufficient,<br>please provide<br>an acceptable<br>fraud report.<br>Seller<br>Comment<br>(2025-11-24):<br>Starts on<br>D0278 | 12/04/2025 |  |  | 1 C A | XXX | CO | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 301 | XXX | XXX | XXX |  | 34873941 | 9852666-<br>34957 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Lender<br>Credit<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure:Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Lender Credits.<br>Final Lender<br>Credit of $0.00<br>exceeds<br>tolerance of $-<br>2,961.00.<br>Insufficient or no<br>cure was<br>provided to the<br>borrower. (9300) | Lender<br>Credits Fee<br>was last<br>disclosed as<br>$0.00 on LE<br>but disclosed<br>as $-<br>2,961.00 on<br>Final<br>Closing<br>Disclosure.<br>File does not<br>contain a<br>valid COC<br>for this fee,<br>nor evidence<br>of cure in<br>file. |  |  |  | Reviewer<br>Comment<br>(2025-12-01):<br>SitusAMC<br>received rate<br>lock document<br>for the<br>buydown the<br>note rate to<br>change the<br>pricing to<br>decrease the<br>lender credit.<br>Seller<br>Comment<br>(2025-12-01):<br>Pricing sheets<br>& AUS<br>Reviewer<br>Comment<br>(2025-11-28):<br>SitusAMC<br>received COC<br>dated XXX<br>which was<br>already in file<br>but the<br>decrease of<br>lender credit is<br>not<br>proportionate<br>to the decrease<br>in loan<br>amount.<br>Moreover,<br>when loan<br>amount<br>changes the<br>lender credit<br>change should<br>be<br>proportionate<br>to the loan<br>amount<br>change, and if<br>change is not<br>proportionate<br>there should be<br>additional<br>information<br>that explains<br>change in<br>borrower<br>eligibility<br>change such as<br>did not qualify<br>for current<br>product, or<br>DTI increased,<br>or FICO score<br>decreased.<br>Though an<br>LTV may<br>change, the<br>information<br>did not state<br>that there was<br>a pricing/<br>product/<br>program<br>change.<br>Provide<br>supporting<br>document with<br>additional<br>information for<br>pricing<br>decreased or<br>Cure would be<br>due to<br>borrower.<br>Seller<br>Comment<br>(2025-11-26):<br>COC's | 12/01/2025 |  |  | 1 C A | XXX | CO | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 302 | XXX | XXX | XXX |  | 34882809 | 9852667-<br>6572 | 11/06/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal<br>was<br>delivered to<br>borrower<br>was not<br>provided. |  |  |  |  |  |  | 11/06/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 302 | XXX | XXX | XXX |  | 34882914 | 9852667-<br>39787 | 11/06/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | The file is<br>missing proof<br>of the<br>Universal<br>Loan Identifier<br>(ULI). |  | The file was<br>missing<br>Universal<br>Loan<br>Identifier. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>10): ULI<br>provided<br>Buyer<br>Comment<br>(2025-11-<br>07): XXX | 11/10/2025 |  |  | 1 B A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 302 | XXX | XXX | XXX |  | 34886612 | 9852667-<br>31059 | 11/06/2025 | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Verification(s)<br>of employment<br>is not within<br>10 business<br>days of the<br>Note. | Borrower:<br>XXX //<br>Employment<br>Type: XXX /<br>Income Type:<br>Wages / Start<br>Date:<br>10/27/2014 |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>20):<br>Received<br>VVOE.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-11-<br>18):<br>VVOE | 11/20/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 292 | XXX | XXX | XXX |  | 34858212 | 9852654-<br>39787 | 11/05/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | The file is<br>missing proof<br>of the<br>Universal<br>Loan Identifier<br>(ULI). |  | Universal<br>Loan<br>Identifier<br>(ULI) is<br>missing in<br>the file, the<br>1003 only<br>has a lender<br>loan number. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>10): ULI<br>provided<br>Buyer<br>Comment<br>(2025-11-<br>07): XXX | 11/10/2025 |  |  | 1 B A | XXX | VA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 292 | XXX | XXX | XXX |  | 34858253 | 9852654-<br>6572 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/XXX) |  |  |  |  |  |  |  | 11/05/2025 | 2 B | XXX | VA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 292 | XXX | XXX | XXX |  | 34858254 | 9852654-<br>25158 | 11/05/2025 | Compliance | Compliance | Federal<br>Compliance | Missing Non-<br>Required Data | (Missing Data)<br>Last Rate Set<br>Date | Last Date Rate<br>Set and Initial<br>Rate Lock<br>Date not<br>provided.<br>Worst Case<br>Scenario<br>between<br>Creditor<br>Application<br>Date and<br>Transaction<br>Date used to<br>determine rate<br>used for<br>testing. |  |  |  |  | Buyer<br>Comment<br>(2025-11-<br>07): Initial<br>and Final<br>Grade B,<br>accepted |  |  | 11/07/2025 | 2 B | XXX | VA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 292 | XXX | XXX | XXX |  | 34861083 | 9852654-<br>23928 | 11/05/2025 | Credit | Missing<br>Document | General | Missing<br>Document | Missing<br>Document:<br>Verification of<br>Non-US<br>Citizen Status<br>not provided |  | The<br>Borrower's<br>Visa is<br>missing in<br>the file |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>19):<br>Received<br>H1B visa.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-11-<br>18):<br>Residency<br>docs | 11/19/2025 |  |  | 1 C A | XXX | VA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 262 | XXX | XXX | XXX |  | 34888354 | 9852668-<br>27835 | 11/06/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a<br>copy of the<br>secondary<br>valuation<br>required for<br>securitization<br>purposes. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>08):<br>Secondary<br>valuation<br>obtained | 11/08/2025 |  |  | 1 D A | XXX | SC | Primary | Refinance<br>- Rate/<br>Term | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 262 | XXX | XXX | XXX |  | 34928541 | 9852668-<br>30786 | 11/06/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets<br>- 2 Days |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>08):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-<br>07):<br>Valuation <br>Received -<br>11/07/2025 | 11/08/2025 |  |  | 1 A | XXX | SC | Primary | Refinance<br>- Rate/<br>Term | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 366 | XXX | XXX | XXX |  | 34952715 | 9860550-<br>39787 | 11/12/2025 | Credit | Loan Package<br>Documentation | Application /<br>Processing | Loan Package<br>Documentation | The file is<br>missing proof<br>of the<br>Universal<br>Loan Identifier<br>(ULI). |  | Universal<br>Loan<br>Identifier<br>(ULI) is<br>missing 1003<br>application. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>19): ULI<br>provided<br>Buyer<br>Comment<br>(2025-11-<br>17): ULI<br>attached | 11/19/2025 |  |  | 1 B A | XXX | FL | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 366 | XXX | XXX | XXX |  | 34952994 | 9860550-<br>31059 | 11/12/2025 | Credit | Income /<br>Employment | Income<br>Documentation | Income /<br>Employment | Verification(s)<br>of employment<br>is not within<br>10 business<br>days of the<br>Note. | Borrower:<br>XXX //<br>Employment<br>Type: XXX /<br>Income Type:<br>Wages / Start<br>Date:<br>07/01/2000 | Verification<br>of<br>employment<br>is not within<br>10 business<br>days of the<br>Note. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>19):<br>VVOE<br>provided<br>Seller<br>Comment<br>(2025-11-<br>18): VOE<br>previously<br>provided | 11/19/2025 |  |  | 1 C A | XXX | FL | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 306 | XXX | XXX | XXX |  | 34964686 | 9861259-<br>23931 | 11/12/2025 | Credit | Legal /<br>Regulatory /<br>Compliance | Title / Lien<br>Defect | Title | Title Policy is<br>Preliminary or<br>Commitment,<br>and not a Final<br>Title Policy. | Title Evidence:<br>Commitment |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>19):<br>Received<br>final title.<br>Exception<br>Cleared. | 11/19/2025 |  |  | 1 A | XXX | WA | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 306 | XXX | XXX | XXX |  | 34964704 | 9861259-<br>32066 | 11/12/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary/<br>Commitment<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. | Title Evidence:<br>Commitment<br>State: WA | The<br>preliminary<br>title report in<br>file disclosed<br>an amount of<br>title<br>insurance<br>coverage that<br>is less than<br>the loan<br>amount.<br>Provide a<br>copy of the<br>final title<br>policy or an<br>addendum to<br>the<br>preliminary<br>report<br>verifying<br>title<br>insurance of<br>at least the<br>loan amount. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>19):<br>Received<br>final title.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-11-<br>18): Title | 11/19/2025 |  |  | 1 C A | XXX | WA | Primary | Purchase | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 308 | XXX | XXX | XXX |  | 34965026 | 9861262-<br>30225 | 11/13/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date XXX,<br>Most Recent<br>Tax Return<br>End Date<br>12/31/2023,<br>Tax Return<br>Due Date<br>04/15/2025.<br>(XXX,XXX<br>XXX/Schedule<br>K-1 less than<br>25 Percent) | 2024 tax<br>Return<br>document is<br>missing in<br>the file |  |  |  |  |  |  | 11/13/2025 | 2 B | XXX | TN | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 309 | XXX | XXX | XXX |  | 34974378 | 9861263-<br>6583 | 11/13/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Loan Discount<br>Points. Fee<br>Amount of<br>$18,870.00<br>exceeds<br>tolerance of<br>$17,760.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing.<br>(7200) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>13):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 11/13/2025 |  | 1 A | XXX | ID | Second<br>Home | Purchase | Final CD<br>evidences<br>Cure B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 309 | XXX | XXX | XXX |  | 34974379 | 9861263-<br>6583 | 11/13/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$825.00<br>exceeds<br>tolerance of<br>$800.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing.<br>(7506) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>13):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 11/13/2025 |  | 1 A | XXX | ID | Second<br>Home | Purchase | Final CD<br>evidences<br>Cure B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |

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| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 309 | XXX | XXX | XXX |  | 34974391 | 9861263-<br>4436 | 11/13/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal Not<br>Provided at or<br>Before Closing<br>(3-Day Waiver<br>In File) | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Borrower<br>waived right to<br>receive a copy of<br>the appraisal at<br>least three (3)<br>business days<br>prior to closing,<br>and appraisal<br>was not provided<br>at or before<br>closing.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 11/13/2025 | 2 B | XXX | ID | Second<br>Home | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 310 | XXX | XXX | XXX |  | 34977199 | 9861264-<br>25838 | 11/14/2025 | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | Address: XXX<br>Insurance<br>Verification | Insurance<br>verification<br>document is<br>missing in the<br>file. |  |  |  | Reviewer<br>Comment<br>(2025-11-25):<br>Received<br>updated tax<br>certificate &<br>HOA.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-11-24):<br>1003 - $922<br>Tax p905 =<br>$6215.84 or<br>$517.98 mth<br>HOA p818 =<br>$404. Condo<br>Master policy<br>is Walls in +<br>B&I There is<br>no insurance | 11/25/2025 |  |  | 1 C A | XXX | CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 310 | XXX | XXX | XXX |  | 34977393 | 9861264-<br>6572 | 11/14/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 11/14/2025 | 2 B | XXX | CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 311 | XXX | XXX | XXX |  | 34977993 | 9861265-<br>6583 | 11/13/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee Amount<br>of $347.50<br>exceeds<br>tolerance of<br>$159.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7520) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-13):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 11/13/2025 |  | 1 A | XXX | TN | Primary | Purchase | Final CD<br>evidences<br>Cure D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 311 | XXX | XXX | XXX |  | 34978788 | 9861265-<br>27843 | 11/13/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 | Loan is to be<br>securitized.<br>AVM<br>supports<br>value.<br>Vendor/FSD<br>do not meet<br>Fitch criteria. |  |  |  | Reviewer<br>Comment<br>(2025-11-26):<br>Secondary<br>valuation<br>obtained | 11/26/2025 |  |  | 1 A D | XXX | TN | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 311 | XXX | XXX | XXX |  | 34990655 | 9861265-<br>30786 | 11/14/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-11-26):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-24):<br>Valuation<br>Received -<br>11/24/2025 | 11/26/2025 |  |  | 1 A | XXX | TN | Primary | Purchase | D A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 312 | XXX | XXX | XXX |  | 34972745 | 9861266-<br>32065 | 11/13/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>Preliminary<br>title policy<br>amount is<br>blank. If the<br>prelim does<br>not state a<br>coverage<br>amount, A<br>Final Policy<br>was not<br>provided. |  |  |  |  |  |  | 11/13/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 312 | XXX | XXX | XXX |  | 34972834 | 9861266-<br>6583 | 11/13/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$615.00 exceeds<br>tolerance of<br>$600.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7506) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-13):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 11/13/2025 |  | 1 A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | Final CD<br>evidences<br>Cure B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 313 | XXX | XXX | XXX |  | 34981553 | 9861267-<br>6583 | 11/14/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$650.00 exceeds<br>tolerance of<br>$575.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7506) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-13):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 11/13/2025 |  | 1 A | XXX | AR | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 313 | XXX | XXX | XXX |  | 34981554 | 9861267-<br>6583 | 11/14/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee Amount<br>of $214.30<br>exceeds<br>tolerance of<br>$175.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7520) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-13):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 11/13/2025 |  | 1 A | XXX | AR | Primary | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 314 | XXX | XXX | XXX |  | 34980442 | 9861268-<br>6572 | 11/17/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 11/17/2025 | 2 B | XXX | NH | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 315 | XXX | XXX | XXX |  | 34980587 | 9861269-<br>6572 | 11/14/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Additional/XXX) | Evidence of<br>Borrower<br>receipt of the<br>valuation<br>with report<br>date XXX<br>was not<br>provided. |  |  |  |  |  |  | 11/14/2025 | 2 B | XXX | TN | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 316 | XXX | XXX | XXX |  | 34992202 | 9861270-<br>6455 | 11/14/2025 | Credit | Credit | Credit<br>Documentation | Credit | Missing<br>Document:<br>Subordination<br>Agreement not<br>provided |  | The file is<br>missing a<br>copy of the<br>fully<br>executed<br>Subordination<br>Agreement<br>for the<br>existing<br>HELOC<br>remaining<br>open. The<br>agreement in<br>file was not<br>executed. |  |  |  | Reviewer<br>Comment<br>(2025-11-28):<br>Received<br>Subordination<br>Agreement.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-11-25): <br>Subordination<br>Agreement | 11/28/2025 |  |  | 1 C A | XXX | TN | Primary | Refinance<br>- Cash-<br>out -<br>Other | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 317 | XXX | XXX | XXX |  | 34971517 | 9861271-<br>27855 | 11/13/2025 | Property | Appraisal<br>Reconciliation | Value<br>Discrepancy | Appraisal<br>Reconciliation | Loan is to be<br>securitized.<br>Highest level<br>secondary<br>valuation<br>supports the<br>value. There is<br>a lower level<br>tertiary<br>product that<br>does not<br>support the<br>qualifying<br>value. Sec ID:<br>22 | Note Date:<br>XXX; Lien<br>Position: 1 | Loan is to be<br>securitized.<br>Highest level<br>secondary<br>valuation<br>supports the<br>value. There<br>is a lower-<br>level tertiary<br>product that<br>does not<br>support the<br>qualifying<br>value. |  |  |  | Reviewer<br>Comment<br>(2025-11-13):<br>Client elected<br>to waive the<br>condition |  |  | 11/13/2025 | 2 A B | XXX | NV | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 318 | XXX | XXX | XXX |  | 34974923 | 9861272-<br>6572 | 11/13/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business days<br>prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 11/13/2025 | 2 B | XXX | DE | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 318 | XXX | XXX | XXX |  | 34974925 | 9861272-<br>6542 | 11/13/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$1,900.00<br>exceeds<br>tolerance of<br>$775.00.<br>$1,125.00 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. (7506) | Appraisal Fee<br>was last<br>disclosed as<br>$775.00 on<br>LE but<br>disclosed as<br>$1,900.00 on<br>Final Closing<br>Disclosure.<br>File does not<br>contain a valid<br>COC for this<br>fee, nor<br>evidence of<br>cure in file.<br>Provide a<br>post-close CD<br>disclosing the<br>tolerance cure<br>to include<br>$1,195.00, a<br>copy of refund<br>check, proof<br>of delivery,<br>and a copy of<br>the letter of<br>explanation<br>sent to the<br>borrower<br>disclosing the<br>changes made. |  |  |  | Reviewer<br>Comment<br>(2025-11-18):<br>Sufficient cure<br>provided. Full<br>cure amount<br>for tolerance<br>violation was<br>provided at or<br>before closing<br>(on final CD)<br>resulting in a<br>cleared<br>exception.<br>Seller<br>Comment<br>(2025-11-14):<br>Appraisal Fee | 11/18/2025 |  |  | 1 C A | XXX | DE | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 318 | XXX | XXX | XXX |  | 34974926 | 9861272-<br>6542 | 11/13/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Title -<br>Settlement /<br>Closing /<br>Escrow Fee. Fee<br>Amount of<br>$4,500.00<br>exceeds<br>tolerance of<br>$595.00.<br>$3,905.00 over<br>legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower.<br>(77169) | Title -<br>Settlement<br>Fee was last<br>disclosed as<br>$595.00 on<br>LE but<br>disclosed as<br>$4,500.00 on<br>Final Closing<br>Disclosure.<br>File does not<br>contain a valid<br>COC for this<br>fee, nor<br>evidence of<br>cure in file.<br>Provide a<br>post-close CD<br>disclosing the<br>tolerance cure<br>to include<br>$3,905.00. a<br>copy of refund<br>check, proof<br>of delivery,<br>and a copy of<br>the letter of<br>explanation<br>sent to the<br>borrower<br>disclosing the<br>changes made. |  |  |  | Reviewer<br>Comment<br>(2025-11-18):<br>SitusAMC the<br>fee were<br>within<br>tolerance limit.<br>Seller<br>Comment<br>(2025-11-14):<br>Title fees | 11/18/2025 |  |  | 1 C A | XXX | DE | Primary | Purchase | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 318 | XXX | XXX | XXX |  | 34981625 | 9861272-<br>4259 | 11/13/2025 | Credit | Credit | AUS<br>Discrepancy<br>/ Guidelines<br>Discrepancy | Credit | Guideline<br>Requirement:<br>Property type<br>discrepancy. | Appraisal<br>property type of<br>Single Family<br>Detached does<br>not match<br>Guideline<br>property type of<br>PUD. | The LP<br>approval<br>identified the<br>property as a<br>PUD and the<br>Mortgage had<br>a PUD Rider<br>attached;<br>however the<br>appraisal did<br>not identify<br>the property as<br>a PUD.<br>Provide a<br>revised<br>appraisal<br>correcting the<br>property type. |  |  |  | Reviewer<br>Comment<br>(2025-11-20):<br>Revised<br>appraisal<br>provided<br>correcting the<br>property type.<br>Seller<br>Comment<br>(2025-11-18):<br>appraisal | 11/20/2025 |  |  | 1 C A | XXX | DE | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 318 | XXX | XXX | XXX |  | 35002196 | 9861272-<br>6583 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$1,900.00<br>exceeds<br>tolerance of<br>$775.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7506) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-18):<br>Sufficient Cure<br>Provided At<br>Closing |  | 11/18/2025 |  | 1 A | XXX | DE | Primary | Purchase | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 319 | XXX | XXX | XXX |  | 34973951 | 9861273-<br>6572 | 11/14/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation |  |  |  |  |  |  | 11/14/2025 | 2 B | XXX | ID | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 319 | XXX | XXX | XXX |  | 34973954 | 9861273-<br>6542 | 11/14/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Zero<br>Percent<br>Tolerance<br>Violation<br>Without<br>Sufficient<br>Cure Provided | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$118.70 exceeds<br>tolerance of<br>$88.00. $30.70<br>over legal limit.<br>Insufficient or<br>no cure was<br>provided to the<br>borrower. (7520) | Credit Report<br>Fee. Increased<br>on Closing<br>Disclosure<br>dated XXX<br>with no valid<br>change<br>evident |  |  |  | Reviewer<br>Comment<br>(2025-11-20):<br>Sufficient cure<br>provided. Full<br>cure amount<br>for tolerance<br>violation was<br>provided at or<br>before closing<br>(on final CD)<br>resulting in a<br>cleared<br>exception."<br>Seller<br>Comment<br>(2025-11-19):<br>Final CD with<br>cure | 11/20/2025 |  |  | 1 C A | XXX | ID | Primary | Refinance<br>- Rate/<br>Term | Fee<br>Tolerance<br>Refund<br>Provide the<br>Following:<br>Letter of<br>Explanation,<br>Proof of<br>Delivery,<br>Copy of<br>Refund<br>Check, and<br>Corrected<br>CD C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 319 | XXX | XXX | XXX |  | 35024680 | 9861273-<br>6583 | 11/20/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Credit Report<br>Fee. Fee<br>Amount of<br>$118.70 exceeds<br>tolerance of<br>$88.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (7520) | Sufficient cure<br>provided at<br>closing |  |  |  | Reviewer<br>Comment<br>(2025-11-20):<br>Sufficient Cure<br>Provided At<br>Closing |  | 11/20/2025 |  | 1 A | XXX | ID | Primary | Refinance<br>- Rate/<br>Term | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 320 | XXX | XXX | XXX |  | 34977538 | 9861274-<br>6572 | 11/14/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) |  |  |  |  |  |  |  | 11/14/2025 | 2 B | XXX | CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 320 | XXX | XXX | XXX |  | 34977539 | 9861274-<br>6572 | 11/14/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Secondary/XXX) |  |  |  |  |  |  |  | 11/14/2025 | 2 B | XXX | CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 320 | XXX | XXX | XXX |  | 34977540 | 9861274-<br>30194 | 11/14/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/<br>QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets - REO<br>25% Method | General QM:<br>Unable to verify<br>Real Estate<br>Owned income<br>(25% Method)<br>using reasonably<br>reliable third-<br>party records.<br>(XXX/25%<br>Vacancy<br>Method) | The file is<br>missing<br>documentation<br>to verify the<br>rental income<br>used to<br>qualify. |  |  |  | Reviewer<br>Comment<br>(2025-12-10):<br>Proof that the<br>REO in<br>question was<br>co-signed for<br>the borrower's<br>son was<br>provided.<br>Documentation<br>confirmed the<br>son made the<br>mortgage<br>payments was<br>provided.<br>Seller<br>Comment<br>(2025-12-10):<br>Please see<br>attached<br>documents to<br>support that<br>the borrower's<br>son makes the<br>XXX<br>mortgage<br>payment<br>Reviewer<br>Comment<br>(2025-12-03):<br>LOE and docs<br>provided<br>stating the<br>borrower co-<br>signed on the<br>property with<br>XXX son. In<br>order to<br>exclude the<br>PITIA<br>expenses from<br>the DTI, proof<br>of 12 months<br>payments<br>verifying the<br>son is making<br>the payments<br>is required.<br>Note: the bank<br>statement in<br>file for account<br>XXX shows<br>the borrower<br>made the<br>payment on<br>this mortgage<br>on 08/01/2025.<br>Condition<br>remains Seller<br>Comment<br>(2025-12-02):<br>Please see<br>attached | 12/10/2025 |  |  | 1 C A | XXX | CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 320 | XXX | XXX | XXX |  | 34977542 | 9861274-<br>3867 | 11/14/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/<br>QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator Loan<br>Designation of<br>Safe Harbor QM<br>(APOR) does<br>not match Due<br>Diligence Loan<br>Designation of<br>QM (APOR)<br>Fail. | Condition will<br>be cleared<br>when all QM/<br>ATR<br>conditions are<br>cleared. |  |  |  | Reviewer<br>Comment<br>(2025-12-10):<br>Proof that the<br>REO in<br>question was<br>co-signed for<br>the borrower's<br>son was<br>provided.<br>Documentation<br>confirmed the<br>son made the<br>mortgage<br>payments was<br>provided. | 12/10/2025 |  |  | 1 B A C | XXX | CA | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 320 | XXX | XXX | XXX |  | 34990682 | 9861274-<br>30930 | 11/14/2025 | Credit | Title | General | Title | Title Policy<br>Coverage is<br>less than<br>Original Loan<br>Amount. | The Title Policy<br>Amount of<br>$XXX is less<br>than the note<br>amount of<br>$XXX based on<br>the Preliminary<br>in file. |  |  |  |  |  |  |  | 11/14/2025 | 2 B | XXX | CA | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 321 | XXX | XXX | XXX |  | 34977469 | 9861275-<br>6572 | 11/14/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) |  |  |  |  |  |  |  | 11/14/2025 | 2 B | XXX | UT | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 322 | XXX | XXX | XXX |  | 34985823 | 9861276-<br>7038 | 11/14/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Initial<br>Closing<br>Disclosure<br>Timing<br>without<br>Waiver | TILA-RESPA<br>Integrated<br>Disclosure:<br>Closing<br>Disclosure not<br>provided to<br>Borrower(s) at<br>least three (3)<br>business days<br>prior to closing.<br>(Initial/XXX) | Closing<br>Disclosure not<br>provided to<br>Borrower(s) at<br>least three (3)<br>business days<br>prior to<br>closing. |  |  |  | Reviewer<br>Comment<br>(2025-11-20):<br>SitusAMC<br>received<br>earliest receipt<br>of initial CD.<br>Seller<br>Comment<br>(2025-11-19):<br>ICD | 11/20/2025 |  |  | 1 C A | XXX | FL | Primary | Purchase | No Defined<br>Cure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 324 | XXX | XXX | XXX |  | 35003553 | 9861278-<br>32065 | 11/18/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>Preliminary<br>title policy is<br>within CA and<br>does not<br>reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided |  |  |  |  |  |  | 11/18/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 326 | XXX | XXX | XXX |  | 35004222 | 9861280-<br>4931 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Closing<br>Disclosure<br>Issue Date Not<br>Provided | TILA-RESPA<br>Integrated<br>Disclosure:<br>Closing<br>Disclosure<br>estimated to be<br>provided on<br>XXX did not<br>disclose the<br>actual Date<br>Issued. Unable<br>to conclusively<br>determine Final<br>Closing<br>disclosure to use<br>to test for<br>compliance with<br>applicable TRID<br>timing<br>requirements,<br>TRID fee<br>tolerance testing<br>or accuracy of<br>disclosures at or<br>before<br>consummation<br>due to missing<br>Issue Date.<br>Tested using an<br>estimated Date<br>Issued based on<br>best information<br>available.<br>(Interim/XXX) | Closing<br>Disclosure<br>estimated to<br>be provided<br>on XXX did<br>not disclose<br>the actual<br>Date Issued.<br>Unable to<br>conclusively<br>determine<br>Final Closing<br>disclosure to<br>use to test for<br>compliance<br>with<br>applicable<br>TRID timing<br>requirements,<br>TRID fee<br>tolerance<br>testing or<br>accuracy of<br>disclosures at<br>or before<br>consummation<br>due to missing<br>Issue Date.<br>Tested using<br>an estimated<br>Date Issued<br>based on best<br>information<br>available. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>28):<br>SitusAMC<br>received<br>lender<br>attestation<br>that XXX<br>CD<br>missing<br>issue date<br>was a<br>balancing<br>CD and<br>not final<br>CD and<br>received<br>borrower<br>attestation<br>confirming<br>same.<br>Seller<br>Comment<br>(2025-11-<br>26): CD<br>with<br>missing<br>Issue date<br>was not<br>final CD<br>Seller<br>Comment<br>(2025-11-<br>26):<br>attestation<br>letter<br>stating CD<br>with no<br>issue date<br>was not<br>final CD | 11/28/2025 |  |  | 1 C A | XXX | MO | Primary | Refinance<br>- Rate/<br>Term | Good Faith<br>Redisclosure C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 326 | XXX | XXX | XXX |  | 35004223 | 9861280-<br>30168 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | TRID<br>Defect | TRID Interim<br>Closing<br>Disclosure<br>Timing Test | TILA-RESPA<br>Integrated<br>Disclosure –<br>Corrected<br>Closing<br>Disclosure<br>provided on or<br>after XXX<br>contains a<br>change in APR<br>and a complete<br>Closing<br>Disclosure was<br>not received by<br>borrower at least<br>three (3)<br>business days<br>prior to<br>consummation | Corrected<br>Closing<br>Disclosure<br>provided on or<br>after XXX<br>contains a<br>change in<br>APR and a<br>complete<br>Closing<br>Disclosure<br>was not<br>received by<br>borrower at<br>least three (3)<br>business days<br>prior to<br>consummation |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>28):<br>SitusAMC<br>received<br>lender<br>attestation<br>that XXX<br>CD<br>missing<br>issue date<br>was a<br>balancing<br>CD and<br>not final<br>CD and<br>received<br>borrower<br>attestation<br>confirming<br>same. No<br>change in<br>APR -<br>blank APR<br>on CD | 11/28/2025 |  |  | 1 C A | XXX | MO | Primary | Refinance<br>- Rate/<br>Term | TRID<br>timing<br>exception,<br>no<br>remediation<br>available. C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 327 | XXX | XXX | XXX |  | 35006564 | 9861281-<br>32065 | 11/18/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>Preliminary<br>Title Policy is<br>within CA and<br>does not<br>reflect a<br>coverage<br>amount (no<br>Final Title<br>Policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  | 11/18/2025 | 2 B | XXX | CA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 327 | XXX | XXX | XXX |  | 35006608 | 9861281-<br>6572 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 11/18/2025 | 2 B | XXX | CA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 327 | XXX | XXX | XXX |  | 35008277 | 9861281-<br>6583 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Transfer Tax.<br>Fee Amount of<br>$1,760.00<br>exceeds<br>tolerance of<br>$1,705.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower at<br>Closing. (8304) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>18):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 11/18/2025 |  | 1 A | XXX | CA | Primary | Purchase | Final CD<br>evidences<br>Cure B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 328 | XXX | XXX | XXX |  | 35011167 | 9861282-<br>6583 | 11/19/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Credit Report<br>Re-Issue Fee.<br>Fee Amount of<br>$65.00 exceeds<br>tolerance of<br>$0.00. Sufficient<br>or excess cure<br>was provided to<br>the borrower at<br>Closing. (75117) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>18):<br>Sufficient<br>Cure<br>Provided<br>At Closing |  | 11/18/2025 |  | 1 A | XXX | NC | Second<br>Home | Purchase | Final CD<br>evidences<br>Cure A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 329 | XXX | XXX | XXX |  | 34962452 | 9861283-<br>27843 | 11/17/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property<br>-<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>21):<br>Secondary<br>valuation<br>obtained | 11/21/2025 |  |  | 1 A D | XXX | WA | Primary | Refinance<br>- Rate/<br>Term | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 329 | XXX | XXX | XXX |  | 34990939 | 9861283-<br>3495 | 11/17/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Appraisal<br>Provided Prior<br>to Date<br>Performed | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Date<br>valuation<br>provided to<br>applicant is prior<br>to the date when<br>valuation was<br>performed.<br>Unable to<br>determine<br>compliance with<br>appraisal timing<br>requirements.<br>(Type:Secondary/XXX) |  |  |  |  |  |  |  | 11/17/2025 | 2 B | XXX | WA | Primary | Refinance<br>- Rate/<br>Term | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 329 | XXX | XXX | XXX |  | 35005554 | 9861283-<br>30786 | 11/18/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>21):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-<br>20):<br>Valuation <br>Received -<br>11/20/2025 | 11/21/2025 |  |  | 1 A | XXX | WA | Primary | Refinance<br>- Rate/<br>Term | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 330 | XXX | XXX | XXX |  | 34963028 | 9861284-<br>35034 | 11/17/2025 | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | Borrower: XXX | One Year<br>Transcript is<br>missing. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>26):<br>Transcripts<br>received.<br>Seller<br>Comment<br>(2025-11-<br>24):<br>Transcripts | 11/26/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 330 | XXX | XXX | XXX |  | 34963078 | 9861284-<br>30196 | 11/17/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing one<br>or more<br>guideline<br>components, the<br>loan is at QM<br>risk. |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>26):<br>Transcripts<br>received. | 11/26/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 330 | XXX | XXX | XXX |  | 34963079 | 9861284-<br>3867 | 11/17/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator Loan<br>Designation of<br>Safe Harbor QM<br>(APOR) does<br>not match Due<br>Diligence Loan<br>Designation of<br>QM (APOR)<br>Risk. | Originator<br>Loan<br>Designation<br>of Safe<br>Harbor QM<br>(APOR) does<br>not match Due<br>Diligence<br>Loan<br>Designation<br>of QM<br>(APOR) Risk. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>26):<br>Transcripts<br>received. | 11/26/2025 |  |  | 1 B A C | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | Lender to<br>provide<br>updated<br>ATR/QM<br>status C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | XXX | XXX |  | 35004914 | 9861289-<br>35034 | 11/18/2025 | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | Borrower: XXX | Tax returns<br>are used for<br>qualification<br>purposes, tax<br>transcripts for<br>the most<br>recent one<br>year's<br>personal<br>returns are<br>required. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>05):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-12-<br>04):<br>Transcripts | 12/05/2025 |  |  | 1 C A | XXX | OH | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | XXX | XXX |  | 35004917 | 9861289-<br>35034 | 11/18/2025 | Credit | Guideline | Guideline<br>Issue | Guideline | Guidelines<br>require one<br>year Tax<br>Transcript<br>(1040) when a<br>1040 personal<br>tax return was<br>used to<br>qualify. File<br>contains no<br>1040<br>transcript. | Borrower: XXX | Tax returns<br>are used for<br>qualification<br>purposes, tax<br>transcripts for<br>the most<br>recent one<br>year's<br>personal<br>returns are<br>required. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>05):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-12-<br>04):<br>Transcripts | 12/05/2025 |  |  | 1 C A | XXX | OH | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | XXX | XXX |  | 35006126 | 9861289-<br>6572 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Appraisal<br>report dated<br>XXX was<br>received XXX<br>with Note date<br>of XXX<br>missing<br>evidence of<br>waiver. |  |  |  |  |  |  | 11/18/2025 | 2 B | XXX | OH | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | XXX | XXX |  | 35006127 | 9861289-<br>30190 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets -<br>Partnership | General QM:<br>Unable to<br>verify<br>Partnership<br>income using<br>reasonably<br>reliable third-<br>party records.<br>(XXX,XXX<br>XXX/<br>Partnership) | Tax returns<br>are used for<br>qualification<br>purposes,<br>tax<br>transcripts<br>for the most<br>recent one<br>year's<br>personal<br>returns are<br>required. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>05):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-12-<br>04): Please<br>see<br>transcripts<br>uploaded<br>under<br>35004914 &<br>35004917 | 12/05/2025 |  |  | 1 C A | XXX | OH | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | XXX | XXX |  | 35006128 | 9861289-<br>30190 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets -<br>Partnership | General QM:<br>Unable to<br>verify<br>Partnership<br>income using<br>reasonably<br>reliable third-<br>party records.<br>(XXX,XXX<br>XXX/<br>Partnership) | Tax returns<br>are used for<br>qualification<br>purposes,<br>tax<br>transcripts<br>for the most<br>recent one<br>year's<br>personal<br>returns are<br>required. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>05):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-12-<br>04): Please<br>see<br>transcripts<br>uploaded<br>under<br>35004914 &<br>35004917 | 12/05/2025 |  |  | 1 C A | XXX | OH | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | XXX | XXX |  | 35006129 | 9861289-<br>30184 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets - S-<br>Corp | General QM:<br>Unable to<br>verify S-Corp<br>income using<br>reasonably<br>reliable third-<br>party records.<br>(XXX,XXX<br>XXX/S-Corp) | Tax returns<br>are used for<br>qualification<br>purposes,<br>tax<br>transcripts<br>for the most<br>recent one<br>year's<br>personal<br>returns are<br>required. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>05):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-12-<br>04): Please<br>see<br>transcripts<br>uploaded<br>under<br>35004914 &<br>35004917 | 12/05/2025 |  |  | 1 C A | XXX | OH | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | XXX | XXX |  | 35006130 | 9861289-<br>30184 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets - S-<br>Corp | General QM:<br>Unable to<br>verify S-Corp<br>income using<br>reasonably<br>reliable third-<br>party records.<br>(XXX,XXX<br>XXX/S-Corp) | Tax returns<br>are used for<br>qualification<br>purposes,<br>tax<br>transcripts<br>for the most<br>recent one<br>year's<br>personal<br>returns are<br>required. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>05):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-12-<br>04): Please<br>see<br>transcripts<br>uploaded<br>under<br>35004914 &<br>35004917 | 12/05/2025 |  |  | 1 C A | XXX | OH | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | XXX | XXX |  | 35006131 | 9861289-<br>30184 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets - S-<br>Corp | General QM:<br>Unable to<br>verify S-Corp<br>income using<br>reasonably<br>reliable third-<br>party records.<br>(XXX,XXX<br>XXX/S-Corp) | Tax returns<br>are used for<br>qualification<br>purposes,<br>tax<br>transcripts<br>for the most<br>recent one<br>year's<br>personal<br>returns are<br>required. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>05):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-12-<br>04): Please<br>see<br>transcripts<br>uploaded<br>under<br>35004914 &<br>35004917 | 12/05/2025 |  |  | 1 C A | XXX | OH | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | XXX | XXX |  | 35006132 | 9861289-<br>30184 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Income and<br>Assets - S-<br>Corp | General QM:<br>Unable to<br>verify S-Corp<br>income using<br>reasonably<br>reliable third-<br>party records.<br>(XXX,XXX<br>XXX/S-Corp) | Tax returns<br>are used for<br>qualification<br>purposes,<br>tax<br>transcripts<br>for the most<br>recent one<br>year's<br>personal<br>returns are<br>required. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>05):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-12-<br>04): Please<br>see<br>transcripts<br>uploaded<br>under<br>35004914 &<br>35004917 | 12/05/2025 |  |  | 1 C A | XXX | OH | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | XXX | XXX |  | 35006133 | 9861289-<br>30196 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | General QM<br>Provision<br>Investor<br>Guidelines<br>Violation | General QM:<br>Based on the<br>loan failing<br>one or more<br>guideline<br>components,<br>the loan is at<br>QM risk. | Loan<br>designation<br>failure due<br>to QM<br>failure. This<br>exception<br>will be<br>cleared once<br>all QM<br>specific<br>exceptions<br>have been<br>cured/<br>cleared. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>05):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-12-<br>04): Please<br>see<br>transcripts<br>uploaded<br>under<br>35004914 &<br>35004917 | 12/05/2025 |  |  | 1 C A | XXX | OH | Primary | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | XXX | XXX |  | 35006135 | 9861289-<br>6583 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure Provided<br>At Closing | TILA-RESPA<br>Integrated<br>Disclosure:<br>Zero Percent<br>Fee Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$850.00<br>exceeds<br>tolerance of<br>$655.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower at<br>Closing.<br>(7506) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>18):<br>Sufficient<br>Cure<br>Provided At<br>Closing |  | 11/18/2025 |  | 1 A | XXX | OH | Primary | Purchase | Final CD<br>evidences<br>Cure C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | XXX | XXX |  | 35006137 | 9861289-<br>3867 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Check Loan<br>Designation<br>Match - QM | Qualified<br>Mortgage<br>(Dodd-Frank<br>2014):<br>Originator<br>Loan<br>Designation of<br>Safe Harbor<br>QM (APOR)<br>does not match<br>Due Diligence<br>Loan<br>Designation of<br>QM (APOR)<br>Fail. | Loan<br>designation<br>failure due<br>to QM<br>failure. This<br>exception<br>will be<br>cleared once<br>all QM<br>specific<br>exceptions<br>have been<br>cured/<br>cleared. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>05):<br>Transcripts<br>provided<br>Seller<br>Comment<br>(2025-12-<br>04): Please<br>see<br>transcripts<br>uploaded<br>under<br>35004914 &<br>35004917 | 12/05/2025 |  |  | 1 B A C | XXX | OH | Primary | Purchase | Lender to<br>provide<br>updated<br>ATR/QM<br>status C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 334 | XXX | XXX | XXX |  | 35005458 | 9861291-<br>6572 | 11/18/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations<br>Rule (Dodd-<br>Frank 2014):<br>Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/XXX) |  |  |  |  |  |  |  | 11/18/2025 | 2 B | XXX | AR | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 334 | XXX | XXX | XXX |  | 35005469 | 9861291-<br>25838 | 11/18/2025 | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | Address: XXX<br>Tax<br>Verification | Missing Tax<br>Verification. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>08):<br>Received<br>tax<br>certificate.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-12- <br>04): XXX | 12/08/2025 |  |  | 1 C A | XXX | AR | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 334 | XXX | XXX | XXX |  | 35008171 | 9861291-<br>25838 | 11/18/2025 | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | Address: XXX<br>Tax<br>Verification | Missing tax<br>verification. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>08):<br>Received<br>tax<br>certificate.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-12- <br>04): XXX | 12/08/2025 |  |  | 1 C A | XXX | AR | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 336 | XXX | XXX | XXX |  | 34963776 | 9861293-<br>27843 | 11/17/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>AVM supports<br>value. Vendor/<br>FSD do not<br>meet Fitch<br>criteria. Sec<br>ID: 10 | Note Date:<br>XXX; Lien<br>Position: 1 |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>19):<br>Secondary<br>valuation<br>obtained | 11/19/2025 |  |  | 1 A D | XXX | FL | Second<br>Home | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 336 | XXX | XXX | XXX |  | 34963787 | 9861293-<br>25838 | 11/17/2025 | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | Address: XXX<br>HOA<br>Verification | HOA<br>verification<br>not<br>provided. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>09):<br>Received<br>HOA<br>certificate.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-12- <br>08): The<br>document<br>uploaded on<br>11/24 IS<br>confirmation<br>of HOA<br>from the<br>Condo<br>Association.<br>Invoice<br>$470.71 -<br>please clear<br>Reviewer<br>Comment<br>(2025-11-<br>26):<br>Required<br>HOA<br>certificate or<br>supporting<br>documents<br>to verify<br>remaining<br>expenses<br>$429.37 to<br>clear this<br>condition.<br>Exception<br>Remains.<br>Seller<br>Comment<br>(2025-11-<br>24): HOA | 12/09/2025 |  |  | 1 C A | XXX | FL | Second<br>Home | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 336 | XXX | XXX | XXX |  | 34963789 | 9861293-<br>25838 | 11/17/2025 | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | Address: XXX<br>HOA<br>Verification | HOA<br>verification<br>not<br>provided. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>26):<br>Received<br>HOA<br>certificate.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-11- <br>25): REO | 11/26/2025 |  |  | 1 C A | XXX | FL | Second<br>Home | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Loan<br>Exception<br>ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E<br>Category** | **Exception** | **Exception<br>Detail** | **Exception<br>Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived<br>Date** | **Exception<br>Level<br>Grade** | **Note<br>Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception<br>Remediation** | **Originator<br>QM ATR<br>Status** | **TPR<br>QM<br>ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; 336 | XXX | XXX | XXX |  | 34963846 | 9861293-<br>6572 | 11/17/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Secondary/XXX) | Evidence of<br>Borrower<br>receipt of the<br>Valuation with<br>internet search<br>date XXX was<br>not provided. |  |  |  |  |  |  | 11/17/2025 | 2 B | XXX | FL | Second<br>Home | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 336 | XXX | XXX | XXX |  | 35005555 | 9861293-<br>30786 | 11/18/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>19):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-11-<br>19):<br>Valuation <br>Received -<br>11/19/2025 | 11/19/2025 |  |  | 1 A | XXX | FL | Second<br>Home | Purchase | D B C A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 337 | XXX | XXX | XXX |  | 35004791 | 9861294-<br>30225 | 11/19/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns provided<br>are not the most<br>recent.<br>Application Date<br>XXX, Most<br>Recent Tax<br>Return End Date<br>12/31/2023, Tax<br>Return Due Date<br>04/15/2025.<br>(XXX,XXX<br>XXX/Schedule<br>C) | Self Employed<br>Tax Returns -<br>The business<br>or personal tax<br>returns<br>provided are<br>not the most<br>recent.<br>Application<br>Date XXX,<br>Most Recent<br>Tax Return<br>End Date<br>12/31/2023,<br>Tax Return<br>Due Date<br>04/15/2025. |  |  |  |  |  |  | 11/19/2025 | 2 B | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 337 | XXX | XXX | XXX |  | 35016730 | 9861294-917 | 11/19/2025 | Credit | Property -<br>Appraisal | General<br>Appraisal<br>Requirements | Property -<br>Appraisal | Valuation<br>Error: Subject<br>photos are<br>missing or not<br>legible. | Valuation Type:<br>Appraisal /<br>Valuation<br>Report Date:<br>XXX | Photos are in<br>black and<br>white. Color<br>photos are<br>required. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>01):<br>Received<br>1004 with<br>Color<br>photos.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-11-<br>28):<br>Appraisal<br>with color<br>photos | 12/01/2025 |  |  | 1 C A | XXX | CA | Primary | Refinance<br>- Rate/<br>Term | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 339 | XXX | XXX | XXX |  | 34961974 | 9861296-<br>27765 | 11/17/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure -<br>1026.19(f)(2)<br>Cure | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Underwriting<br>Fee. Fee<br>Amount of<br>$1,395.00<br>exceeds<br>tolerance of<br>$1,295.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower.<br>(73196) | Zero Percent<br>Fee Tolerance<br>exceeded for<br>Underwriting<br>Fee. Fee<br>Amount of<br>$1,395.00<br>exceeds<br>tolerance of<br>$1,295.00.<br>Sufficient or<br>excess cure<br>was provided<br>to the<br>borrower |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>12):<br>Sufficient<br>Cure<br>Provided<br>within 60<br>Days of<br>Closing |  | 11/12/2025 |  | 1 A | XXX | CA | Primary | Purchase | Provide the<br>following:<br>Letter of<br>Explanation<br>notifying<br>borrower or<br>error, Copy<br>of Refund<br>Check/<br>Evidence of<br>Principal<br>Reduction,<br>Corrected<br>CD, and<br>Proof of<br>Delivery (if<br>refund is<br>over $35) A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 340 | XXX | XXX | XXX |  | 35004292 | 9861297-<br>6572 | 11/19/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Creditor did<br>not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation. |  |  |  |  |  |  | 11/19/2025 | 2 B | XXX | CA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 340 | XXX | XXX | XXX |  | 35004312 | 9861297-<br>32065 | 11/19/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>preliminary<br>title report in<br>file did not<br>disclose the<br>amount of title<br>insurance<br>coverage.<br>Provide a copy<br>of the final<br>title policy or<br>an addendum<br>to the<br>preliminary<br>report<br>verifying title<br>insurance of at<br>least the loan<br>amount. |  |  |  |  |  |  | 11/19/2025 | 2 B | XXX | CA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 341 | XXX | XXX | XXX |  | 34999147 | 9861298-<br>25838 | 11/17/2025 | Credit | Income /<br>Employment | Income<br>Documentation | Missing<br>Document | REO<br>Documents are<br>missing. | Address: XXX<br>HOA<br>Verification | The file is<br>missing a copy<br>of HOA<br>document. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>25):<br>Received<br>HOA<br>certificate.<br>Exception<br>Cleared.<br>Seller<br>Comment<br>(2025-11- <br>24): HOA | 11/25/2025 |  |  | 1 C A | XXX | WI | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 341 | XXX | XXX | XXX |  | 35000192 | 9861298-<br>6572 | 11/17/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) | Verification<br>appraisal was<br>delivered to<br>borrower was<br>not provided. |  |  |  |  |  |  | 11/17/2025 | 2 B | XXX | WI | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 343 | XXX | XXX | XXX |  | 34980398 | 9861300-<br>32065 | 11/17/2025 | Credit | Title | Document<br>Error | Title | The<br>Preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount (no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  | The<br>preliminary<br>title policy is<br>within CA or<br>NV and does<br>not reflect a<br>coverage<br>amount(no<br>final title<br>policy in file).<br>Unable to<br>determine if<br>appropriate<br>coverage is<br>provided. |  |  |  |  |  |  | 11/17/2025 | 2 B | XXX | CA | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 381 | XXX | XXX | XXX |  | 35073287 | 9954611-<br>6572 | 12/04/2025 | Compliance | Compliance | Federal<br>Compliance | ECOA | ECOA<br>Appraisal -<br>Copy of<br>Appraisal Not<br>Provided 3<br>Business Days<br>Prior to<br>Consummation | ECOA<br>Valuations Rule<br>(Dodd-Frank<br>2014): Creditor<br>did not provide a<br>copy of each<br>valuation to<br>applicant three<br>(3) business<br>days prior to<br>consummation.<br>(Type:Primary/<br>XXX) |  |  |  |  |  |  |  | 12/04/2025 | 2 B | XXX | MN | Primary | Purchase | B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 381 | XXX | XXX | XXX |  | 35073289 | 9954611-<br>27765 | 12/04/2025 | Compliance | Compliance | Federal<br>Compliance | TRID | TRID Zero<br>Percent<br>Tolerance<br>Violation With<br>Sufficient<br>Cure -<br>1026.19(f)(2)<br>Cure | TILA-RESPA<br>Integrated<br>Disclosure: Zero<br>Percent Fee<br>Tolerance<br>exceeded for<br>Appraisal Fee.<br>Fee Amount of<br>$935.00 exceeds<br>tolerance of<br>$815.00.<br>Sufficient or<br>excess cure was<br>provided to the<br>borrower. (7506) |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>25):<br>Sufficient<br>Cure<br>Provided<br>within 60<br>Days of<br>Closing |  | 11/25/2025 |  | 1 A | XXX | MN | Primary | Purchase | Provide the<br>following:<br>Letter of<br>Explanation<br>notifying<br>borrower or<br>error, Copy<br>of Refund<br>Check/<br>Evidence of<br>Principal<br>Reduction,<br>Corrected<br>CD, and<br>Proof of<br>Delivery (if<br>refund is<br>over $35) B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | Yes |
| &nbsp;&nbsp;&nbsp;&nbsp; 345 | XXX | XXX | XXX |  | 35136916 | 9954647-<br>30225 | 12/04/2025 | Compliance | Compliance | Federal<br>Compliance | ATR/QM<br>Defect | Self-Employed<br>Tax Return<br>Recency - QM | General QM:<br>Self Employed<br>Tax Returns -<br>The business or<br>personal tax<br>returns provided<br>are not the most<br>recent.<br>Application Date<br>XXX, Most<br>Recent Tax<br>Return End Date<br>12/31/2023, Tax<br>Return Due Date<br>03/15/2025.<br>(XXX,XXX<br>XXX/S-Corp) | most recent tax<br>return<br>document is<br>missing |  |  |  |  |  |  | 12/04/2025 | 2 B | XXX | MD | Primary | Refinance<br>- Rate/<br>Term | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 345 | XXX | XXX | XXX |  | 35136928 | 9954647-<br>27835 | 12/04/2025 | Property | Property -<br>Appraisal | Appraisal<br>Documentation | Property -<br>Appraisal | Loan is to be<br>securitized.<br>Secondary<br>valuation is<br>missing. Sec<br>ID: 2 | Note Date:<br>XXX; Lien<br>Position: 1 | The file is<br>missing a copy<br>of the<br>secondary<br>valuation. |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>09):<br>Secondary<br>valuation<br>obtained | 12/09/2025 |  |  | 1 D A | XXX | MD | Primary | Refinance<br>- Rate/<br>Term | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; 345 | XXX | XXX | XXX |  | 35170307 | 9954647-<br>30786 | 12/05/2025 | Property | Valuation | General | Valuation | Valuation<br>Product<br>pending |  | XXX /<br>Collateral<br>Desktop<br>Analysis<br>(CDA) - No<br>MLS Sheets -<br>2 Days |  |  |  | Reviewer<br>Comment<br>(2025-12-<br>09):<br>Secondary<br>valuation<br>obtained<br>Reviewer<br>Comment<br>(2025-12-<br>08):<br>Valuation <br>Received -<br>12/08/2025 | 12/09/2025 |  |  | 1 A | XXX | MD | Primary | Refinance<br>- Rate/<br>Term | D B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

---

## Exhibit 99.9

**EXHIBIT 99.9** 

**AMC RATING AGENCY GRADES** 

------

**Exhibit 99.9**![LOGO](g57073g35w48.jpg)

**Rating Agency Grades** 

**Run Date - 12/29/2025 4:26:57 PM** 

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** |
| &nbsp;&nbsp;&nbsp;&nbsp; 158 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 159 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 160 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 270 | XXX | XXX | XXX |  | XXX | XXX C | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 162 | XXX | XXX | XXX |  | XXX | XXX B | D | A | D | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 161 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 212 | XXX | XXX | XXX |  | XXX | XXX C | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 209 | XXX | XXX | XXX |  | XXX | XXX C | A | D | D | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 216 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 163 | XXX | XXX | XXX |  | XXX | XXX A | B | D | D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 199 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 164 | XXX | XXX | XXX |  | XXX | XXX A | B | D | D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 192 | XXX | XXX | XXX |  | XXX | XXX C | B | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 204 | XXX | XXX | XXX |  | XXX | XXX A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 217 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 201 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 | XXX | XXX | XXX |  | XXX | XXX D | D | A | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 224 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 208 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 191 | XXX | XXX | XXX |  | XXX | XXX B | B | A | B | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 202 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 228 | XXX | XXX | XXX |  | XXX | XXX A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 227 | XXX | XXX | XXX |  | XXX | XXX A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 221 | XXX | XXX | XXX |  | XXX | XXX C | A | A | C | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 219 | XXX | XXX | XXX |  | XXX | XXX C | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 205 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 197 | XXX | XXX | XXX |  | XXX | XXX A | A | A D | A D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 268 | XXX | XXX | XXX |  | XXX | XXX C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 230 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 198 | XXX | XXX | XXX |  | XXX | XXX A | A | D | D | A | B | A | B |  |

---

------

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** |
| &nbsp;&nbsp;&nbsp;&nbsp; 269 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 226 | XXX | XXX | XXX |  | XXX | XXX B | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 222 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 211 | XXX | XXX | XXX |  | XXX | XXX B | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 | XXX | XXX | XXX |  | XXX | XXX C | C | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 229 | XXX | XXX | XXX |  | XXX | XXX A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 203 | XXX | XXX | XXX |  | XXX | XXX B | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 210 | XXX | XXX | XXX |  | XXX | XXX A | A | C | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 231 | XXX | XXX | XXX |  | XXX | XXX B | C | A B | C | B | B | A B | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 225 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 200 | XXX | XXX | XXX |  | XXX | XXX A | A | D | D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 271 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 218 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 206 | XXX | XXX | XXX |  | XXX | XXX A | C | A D | C D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 207 | XXX | XXX | XXX |  | XXX | XXX B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 214 | XXX | XXX | XXX |  | XXX | XXX A | B | D | D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 215 | XXX | XXX | XXX |  | XXX | XXX C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 194 | XXX | XXX | XXX |  | XXX | XXX B | B | A D | B D | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 196 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 193 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 220 | XXX | XXX | XXX |  | XXX | XXX B | B | A | B | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 195 | XXX | XXX | XXX |  | XXX | XXX B | B | D | D | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 165 | XXX | XXX | XXX |  | XXX | XXX B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 233 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 168 | XXX | XXX | XXX |  | XXX | XXX B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 170 | XXX | XXX | XXX |  | XXX | XXX B | A | D | D | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 172 | XXX | XXX | XXX |  | XXX | XXX B | B | D | D | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 173 | XXX | XXX | XXX |  | XXX | XXX B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 174 | XXX | XXX | XXX |  | XXX | XXX C | B | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 176 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | B | A | B |  |

---

------

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** |
| &nbsp;&nbsp;&nbsp;&nbsp; 177 | XXX | XXX | XXX |  | XXX | XXX C | B | A B | C | A | B | A B | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 180 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 181 | XXX | XXX | XXX |  | XXX | XXX A | B | A D | B D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 182 | XXX | XXX | XXX |  | XXX | XXX B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 185 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 238 | XXX | XXX | XXX |  | XXX | XXX B | C | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 188 | XXX | XXX | XXX |  | XXX | XXX C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 242 | XXX | XXX | XXX |  | XXX | XXX B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 275 | XXX | XXX | XXX |  | XXX | XXX C | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 276 | XXX | XXX | XXX |  | XXX | XXX C | C | D | D | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 243 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 244 | XXX | XXX | XXX |  | XXX | XXX C | A | A | C | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 277 | XXX | XXX | XXX |  | XXX | XXX A | B | A D | B D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 278 | XXX | XXX | XXX |  | XXX | XXX C | B | A D | C D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 279 | XXX | XXX | XXX |  | XXX | XXX C | A | A | C | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 280 | XXX | XXX | XXX |  | XXX | XXX B | C | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 281 | XXX | XXX | XXX |  | XXX | XXX C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 282 | XXX | XXX | XXX |  | XXX | XXX C | C | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 245 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 246 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 247 | XXX | XXX | XXX |  | XXX | XXX B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 283 | XXX | XXX | XXX |  | XXX | XXX C | A | A | C | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 284 | XXX | XXX | XXX |  | XXX | XXX C | B | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 285 | XXX | XXX | XXX |  | XXX | XXX A | C | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 248 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 274 | XXX | XXX | XXX |  | XXX | XXX C | C | D | D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 272 | XXX | XXX | XXX |  | XXX | XXX B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 286 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 249 | XXX | XXX | XXX |  | XXX | XXX A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 287 | XXX | XXX | XXX |  | XXX | XXX C | B | A | C | A | B | A | B |  |

---

------

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** |
| &nbsp;&nbsp;&nbsp;&nbsp; 250 | XXX | XXX | XXX |  | XXX | XXX B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 251 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 252 | XXX | XXX | XXX |  | XXX | XXX C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 240 | XXX | XXX | XXX |  | XXX | XXX B | B | A D | B D | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 273 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 288 | XXX | XXX | XXX |  | XXX | XXX B | C | A D | C D | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 289 | XXX | XXX | XXX |  | XXX | XXX C | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 290 | XXX | XXX | XXX |  | XXX | XXX C | B | D | D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 291 | XXX | XXX | XXX |  | XXX | XXX C | C | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 241 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 253 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 254 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 255 | XXX | XXX | XXX |  | XXX | XXX B | B | A | B | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 256 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 257 | XXX | XXX | XXX |  | XXX | XXX A | B | A D | B D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 294 | XXX | XXX | XXX |  | XXX | XXX B | C | A | C | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 295 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 297 | XXX | XXX | XXX |  | XXX | XXX C | B | A D | C D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 298 | XXX | XXX | XXX |  | XXX | XXX C | C | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 300 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 258 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 301 | XXX | XXX | XXX |  | XXX | XXX C | C | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 302 | XXX | XXX | XXX |  | XXX | XXX C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 259 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 292 | XXX | XXX | XXX |  | XXX | XXX C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 262 | XXX | XXX | XXX |  | XXX | XXX A | A | D | D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 366 | XXX | XXX | XXX |  | XXX | XXX C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 305 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 306 | XXX | XXX | XXX |  | XXX | XXX C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 307 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |

---

------

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| &nbsp;&nbsp;&nbsp;**Deal ID** | **AMC Loan ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Deal Number** | **Original Loan Amount** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** | **Morningstar** |
| &nbsp;&nbsp;&nbsp;&nbsp; 308 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 309 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 310 | XXX | XXX | XXX |  | XXX | XXX C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 311 | XXX | XXX | XXX |  | XXX | XXX A | A | A D | A D | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 312 | XXX | XXX | XXX |  | XXX | XXX B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 313 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 314 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 315 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 316 | XXX | XXX | XXX |  | XXX | XXX C | A | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 317 | XXX | XXX | XXX |  | XXX | XXX A | A | A B | A B | A | A | A B | A B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 318 | XXX | XXX | XXX |  | XXX | XXX C | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 319 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 320 | XXX | XXX | XXX |  | XXX | XXX B | C | A | C | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 321 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 322 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 323 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 324 | XXX | XXX | XXX |  | XXX | XXX B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 326 | XXX | XXX | XXX |  | XXX | XXX A | C | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 327 | XXX | XXX | XXX |  | XXX | XXX B | B | A | B | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 328 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 329 | XXX | XXX | XXX |  | XXX | XXX A | B | A D | B D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 330 | XXX | XXX | XXX |  | XXX | XXX C | C | A | C | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 331 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 332 | XXX | XXX | XXX |  | XXX | XXX C | C | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 333 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 334 | XXX | XXX | XXX |  | XXX | XXX C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 335 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 336 | XXX | XXX | XXX |  | XXX | XXX C | B | A D | C D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 337 | XXX | XXX | XXX |  | XXX | XXX C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 339 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 340 | XXX | XXX | XXX |  | XXX | XXX B | B | A | B | B | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 341 | XXX | XXX | XXX |  | XXX | XXX C | B | A | C | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 342 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 343 | XXX | XXX | XXX |  | XXX | XXX B | A | A | B | B | A | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 381 | XXX | XXX | XXX |  | XXX | XXX A | B | A | B | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 348 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 345 | XXX | XXX | XXX |  | XXX | XXX A | B | D | D | A | B | A | B |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 347 | XXX | XXX | XXX |  | XXX | XXX A | A | A | A | A | A | A | A |  |

---

## Exhibit 99.10

**EXHIBIT 99.10** 

**AMC VALUATION REPORT** 

------

**Exhibit 99.10**![LOGO](g57073g12b04.jpg)

**Valuation Report** 

**Run Date - 12/29/2025 4:27:00 PM** 

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Desk<br>Review<br>Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field<br>Review<br>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;158 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 999.00 |
| &nbsp;&nbsp;&nbsp;159 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.20 |
| &nbsp;&nbsp;&nbsp;160 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.60 |
| &nbsp;&nbsp;&nbsp;270 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.60 |
| &nbsp;&nbsp;&nbsp;162 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;161 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.20 |
| &nbsp;&nbsp;&nbsp;212 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.20 |
| &nbsp;&nbsp;&nbsp;209 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | -7.510% | XXX | 0.07 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.20 |
| &nbsp;&nbsp;&nbsp;216 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.30 |
| &nbsp;&nbsp;&nbsp;163 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | 0.970% | XXX | 0.06 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.90 |
| &nbsp;&nbsp;&nbsp;199 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.10 |
| &nbsp;&nbsp;&nbsp;164 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | -8.510% | XXX | 0.03 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.90 |
| &nbsp;&nbsp;&nbsp;192 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;204 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.60 |
| &nbsp;&nbsp;&nbsp;217 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.60 |
| &nbsp;&nbsp;&nbsp;201 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;223 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;224 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;208 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 3.80 |

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Desk<br>Review<br>Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field<br>Review<br>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;191 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | XXX | -4.070% | XXX | XXX | AVM | XXX | 0.04 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.30 |
| &nbsp;&nbsp;&nbsp;202 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;228 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.20 |
| &nbsp;&nbsp;&nbsp;227 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.90 |
| &nbsp;&nbsp;&nbsp;221 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.90 |
| &nbsp;&nbsp;&nbsp;219 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 999.00 |
| &nbsp;&nbsp;&nbsp;205 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.50 |
| &nbsp;&nbsp;&nbsp;197 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | -2.730% | XXX | 0.01 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.10 |
| &nbsp;&nbsp;&nbsp;268 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;230 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;198 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | 7.950% | XXX | 0.07 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.60 |
| &nbsp;&nbsp;&nbsp;269 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.30 |
| &nbsp;&nbsp;&nbsp;226 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.50 |
| &nbsp;&nbsp;&nbsp;222 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 2.60 |
| &nbsp;&nbsp;&nbsp;211 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 4.60 |
| &nbsp;&nbsp;&nbsp;213 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.90 |
| &nbsp;&nbsp;&nbsp;229 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.60 |

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Desk<br>Review<br>Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field<br>Review<br>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;203 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.20 |
| &nbsp;&nbsp;&nbsp;210 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.30 |
| &nbsp;&nbsp;&nbsp;231 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | -12.180% | XXX | 0.017 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.90 |
| &nbsp;&nbsp;&nbsp;225 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.50 |
| &nbsp;&nbsp;&nbsp;200 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | -0.640% | XXX | 0.05 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.90 |
| &nbsp;&nbsp;&nbsp;271 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;218 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;206 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate | XXX | XXX | 16.560% | XXX | 0.11 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.00 |
| &nbsp;&nbsp;&nbsp;207 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;214 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.90 |
| &nbsp;&nbsp;&nbsp;215 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | XXX | -0.830% | XXX | XXX | AVM | XXX | 0.07 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 2.90 |
| &nbsp;&nbsp;&nbsp;194 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | -2.440% | XXX | 0.03 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.60 |
| &nbsp;&nbsp;&nbsp;196 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;193 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 2.50 |
| &nbsp;&nbsp;&nbsp;220 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.50 | 1.60 |

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Desk<br>Review<br>Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field<br>Review<br>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;195 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.40 |
| &nbsp;&nbsp;&nbsp;165 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.10 |
| &nbsp;&nbsp;&nbsp;233 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;168 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 1.70 |
| &nbsp;&nbsp;&nbsp;170 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | 0.810% | XXX | 0.04 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.20 |
| &nbsp;&nbsp;&nbsp;172 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate | XXX | XXX | -1.420% | XXX | 0.05 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.30 |
| &nbsp;&nbsp;&nbsp;173 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;174 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.30 |
| &nbsp;&nbsp;&nbsp;176 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.40 |
| &nbsp;&nbsp;&nbsp;177 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate | XXX | XXX | -19.810% | XXX | 0.029 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 2.70 |
| &nbsp;&nbsp;&nbsp;180 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;181 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate | XXX | XXX | 0.860% | XXX | 0.05 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.90 |
| &nbsp;&nbsp;&nbsp;182 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.50 |
| &nbsp;&nbsp;&nbsp;185 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | XXX | -0.790% | XXX | XXX | AVM | XXX | 0.04 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.10 |
| &nbsp;&nbsp;&nbsp;238 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.00 |

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Desk<br>Review<br>Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field<br>Review<br>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;188 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.00 |
| &nbsp;&nbsp;&nbsp;242 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;275 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | XXX | -0.150% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;276 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 3.00 |
| &nbsp;&nbsp;&nbsp;243 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 1.60 |
| &nbsp;&nbsp;&nbsp;244 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.40 |
| &nbsp;&nbsp;&nbsp;277 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | -4.340% | XXX | 0.003 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 5.00 |
| &nbsp;&nbsp;&nbsp;278 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | -5.320% | XXX | 0.05 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.40 |
| &nbsp;&nbsp;&nbsp;279 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;280 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.20 |
| &nbsp;&nbsp;&nbsp;281 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.60 |
| &nbsp;&nbsp;&nbsp;282 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;245 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;246 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.50 |

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Desk<br>Review<br>Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field<br>Review<br>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;247 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 1.50 |
| &nbsp;&nbsp;&nbsp;283 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;284 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;285 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.80 |
| &nbsp;&nbsp;&nbsp;248 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.50 | 2.00 |
| &nbsp;&nbsp;&nbsp;274 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 5.00 | 4.80 |
| &nbsp;&nbsp;&nbsp;272 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 2.30 |
| &nbsp;&nbsp;&nbsp;286 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.20 |
| &nbsp;&nbsp;&nbsp;249 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.60 |
| &nbsp;&nbsp;&nbsp;287 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 5.00 |
| &nbsp;&nbsp;&nbsp;250 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;251 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 2.40 |
| &nbsp;&nbsp;&nbsp;252 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.20 |
| &nbsp;&nbsp;&nbsp;240 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | -1.730% | XXX | 0.04 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 5.00 |
| &nbsp;&nbsp;&nbsp;273 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Appraisal | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.90 |

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Desk<br>Review<br>Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field<br>Review<br>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;288 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | -7.920% | XXX | 0.06 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 3.00 | 2.80 |
| &nbsp;&nbsp;&nbsp;289 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.80 |
| &nbsp;&nbsp;&nbsp;290 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.60 |
| &nbsp;&nbsp;&nbsp;291 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.50 |
| &nbsp;&nbsp;&nbsp;241 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;253 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;254 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | XXX | -8.890% | XXX | XXX | AVM | XXX | 0.09 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 4.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;255 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 1.00 | 2.30 |
| &nbsp;&nbsp;&nbsp;256 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 2.80 |
| &nbsp;&nbsp;&nbsp;257 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | -9.280% | XXX | 0.04 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.90 |
| &nbsp;&nbsp;&nbsp;294 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.10 |
| &nbsp;&nbsp;&nbsp;295 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;297 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate | XXX | XXX | 2.210% | XXX | 0.12 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.10 |
| &nbsp;&nbsp;&nbsp;298 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;300 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Desk<br>Review<br>Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field<br>Review<br>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;258 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | XXX | 16.670% | XXX | XXX | Appraisal | XXX |  |  | XXX | XXX | 14.070% | XXX | 0.03 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 5.00 |
| &nbsp;&nbsp;&nbsp;301 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;302 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;259 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 2.50 | 1.10 |
| &nbsp;&nbsp;&nbsp;292 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 1.50 | 1.00 |
| &nbsp;&nbsp;&nbsp;262 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 3.70 |
| &nbsp;&nbsp;&nbsp;366 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.00 |
| &nbsp;&nbsp;&nbsp;305 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.60 |
| &nbsp;&nbsp;&nbsp;306 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.10 |
| &nbsp;&nbsp;&nbsp;307 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Appraisal | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.10 |
| &nbsp;&nbsp;&nbsp;308 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.70 |
| &nbsp;&nbsp;&nbsp;309 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 5.00 |
| &nbsp;&nbsp;&nbsp;310 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.50 |
| &nbsp;&nbsp;&nbsp;311 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | -9.500% | XXX | 0.06 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.90 |
| &nbsp;&nbsp;&nbsp;312 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 4.00 |
| &nbsp;&nbsp;&nbsp;313 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.60 |

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Desk<br>Review<br>Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field<br>Review<br>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;314 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.00 | 1.00 |
| &nbsp;&nbsp;&nbsp;315 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate | XXX | XXX | -6.660% | XXX | 0.06 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.70 |
| &nbsp;&nbsp;&nbsp;316 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | XXX | 5.710% | XXX | XXX | Appraisal | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.70 |
| &nbsp;&nbsp;&nbsp;317 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | -13.920% | XXX | 0.11 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.20 |
| &nbsp;&nbsp;&nbsp;318 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 4.10 |
| &nbsp;&nbsp;&nbsp;319 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.50 |
| &nbsp;&nbsp;&nbsp;320 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | XXX | -1.020% | XXX | XXX | AVM | XXX | 0.04 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;321 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 3.00 |
| &nbsp;&nbsp;&nbsp;322 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.50 |
| &nbsp;&nbsp;&nbsp;323 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.30 |
| &nbsp;&nbsp;&nbsp;324 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;326 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.30 |
| &nbsp;&nbsp;&nbsp;327 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;328 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Yes | 2.50 | 2.90 |
| &nbsp;&nbsp;&nbsp;329 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate | XXX | XXX | -2.410% | XXX | 0.11 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.30 |

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| &nbsp;&nbsp;&nbsp;**Deal ID** | **SitusAMC<br>Loan ID** | **Customer<br>Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>Number** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Value<br>for<br>LTV** | **As-Is<br>Value<br>for<br>LTV** | **LTV<br>Value<br>Variance<br>Amount** | **LTV<br>Value<br>Variance<br>Percent** | **Primary<br>Valuation<br>Value** | **Primary<br>Valuation<br>Report<br>Date** | **Primary<br>Valuation<br>Effective<br>Date** | **Primary<br>Valuation<br>Type** | **Primary<br>Valuation<br>Company** | **Primary<br>Valuation<br>Appraiser<br>Name** | **Primary<br>Valuation<br>Appraiser<br>License<br>Num** | **Primary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Value** | **Secondary<br>Valuation<br>Variance<br>Amount** | **Secondary<br>Valuation<br>Variance<br>Percent** | **Secondary<br>Valuation<br>Report<br>Date** | **Secondary<br>Valuation<br>Effective<br>Date** | **Secondary<br>Valuation<br>Type** | **Secondary<br>Valuation<br>Company** | **Secondary<br>Valuation<br>FSD<br>Score** | **Secondary<br>Valuation<br>Desk<br>Review<br>Risk<br>Score** | **AVM<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Company** | **AVM<br>FSD<br>Score** | **AVM<br>Report<br>Date** | **Desk<br>Review<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk<br>Review<br>Risk<br>Score** | **Desk<br>Review<br>Report<br>Date** | **Desk<br>Review<br>Effective<br>Date** | **Desktop<br>Appraisal<br>Value** | **Desktop<br>Appraisal<br>Variance<br>Amount** | **Desktop<br>Appraisal<br>Variance<br>Percent** | **Desktop<br>Appraisal<br>Company** | **Desktop<br>Appraisal<br>Report<br>Date** | **Desktop<br>Appraisal<br>Effective<br>Date** | **BPO<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Report<br>Date** | **Field<br>Review<br>Value** | **Field<br>Review<br>Variance<br>Amount** | **Field<br>Review<br>Variance<br>Percent** | **Field<br>Review<br>Company** | **Field<br>Review<br>Report<br>Date** | **Field<br>Review<br>Effective<br>Date** | **2055<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Report<br>Date** | **2055<br>Effective<br>Date** | **AVE/<br>CMA<br>Value** | **AVE/<br>CMA<br>Variance<br>Amount** | **AVE/<br>CMA<br>Variance<br>Percent** | **AVE/<br>CMA<br>Company** | **AVE/<br>CMA<br>Report<br>Date** | **Hybrid<br>Valuation<br>Value** | **Hybrid<br>Valuation<br>Variance<br>Amount** | **Hybrid<br>Valuation<br>Variance<br>Percent** | **Hybrid<br>Valuation<br>Company** | **Hybrid<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Value** | **Updated<br>Valuation<br>Variance<br>Amount** | **Updated<br>Valuation<br>Variance<br>Percent** | **Updated<br>Valuation<br>Company** | **Updated<br>Valuation<br>Report<br>Date** | **Updated<br>Valuation<br>Effective<br>Date** | **Aggregate<br>Appraised<br>Value** | **Aggregate<br>Variance<br>Amount** | **Aggregate<br>Variance<br>Percent** | **Value<br>Analysis<br>Valuation<br>Value** | **Value<br>Analysis<br>Report<br>Date** | **Is Eligible for Rep and<br>Warrant Relief per Loan<br>Collateral Advisor?** | **LCA Risk Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;330 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate | XXX | XXX | -1.260% | XXX | 0.11 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.60 |
| &nbsp;&nbsp;&nbsp;331 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.10 |
| &nbsp;&nbsp;&nbsp;332 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 2.20 |
| &nbsp;&nbsp;&nbsp;333 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.80 |
| &nbsp;&nbsp;&nbsp;334 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Field<br>Review | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 5.00 |
| &nbsp;&nbsp;&nbsp;335 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 999.00 |
| &nbsp;&nbsp;&nbsp;336 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low | XXX | XXX | 0.350% | XXX | 0.07 | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.20 |
| &nbsp;&nbsp;&nbsp;337 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.10 |
| &nbsp;&nbsp;&nbsp;339 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;340 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 3.10 |
| &nbsp;&nbsp;&nbsp;341 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.70 |
| &nbsp;&nbsp;&nbsp;342 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;343 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.60 |
| &nbsp;&nbsp;&nbsp;381 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  |  |
| &nbsp;&nbsp;&nbsp;348 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.00 |
| &nbsp;&nbsp;&nbsp;345 | XXX | XXX | XXX |  | XXX | XXX |  | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 5.00 |
| &nbsp;&nbsp;&nbsp;347 | XXX | XXX | XXX |  | XXX | XXX | XXX | XXX |  | $0.00 | 0.000% | XXX | XXX | XXX | Appraisal | XXX | XXX | XXX |  | XXX | $0.00 | 0.000% | XXX | XXX | Desk<br>Review | XXX |  | Moderate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | N/A |  | 1.80 |

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