# EDGAR Filing Document

**Accession Number:** 0001599342
**File Stem:** 0001193125-26-227241
**Filing Date:** 2026-5
**Character Count:** 1000202
**Document Hash:** b89e2af755b6f91eb4b0915677048569
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-227241.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001193125-26-227241

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

**PUBLIC DOCUMENT COUNT**: 32

**CONFORMED PERIOD OF REPORT**: 20260515

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

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**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:** 26989808

**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-J3
**(Exact name of issuing entity as specified in its charter)** 

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

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

**Chris White** 

**(805) 530-5829** 

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

**contact in connection with this filing** 

------

**PART I: REPRESENTATION AND WARRANTY INFORMATION** 

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

N/A

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

N/A

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

N/A

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

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

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

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

N/A

------

**EXHIBIT INDEX** 

---

| | |
|:---|:---|
| 99.1 | [Clayton Services LLC ("Clayton") Due Diligence Narrative Report](d200558dex991.htm) |
| 99.2 | [Clayton Conditions Report](d200558dex992.htm) |
| 99.3 | [Clayton Rating Agency ATR QM Data Fields](d200558dex993.htm) |
| 99.4 | [Clayton Loan Level Tape Compare Upload](d200558dex994.htm) |
| 99.5 | [Clayton Valuations Summary](d200558dex995.htm) |
| 99.6 | [Consolidated Analytics, Inc. ("Consolidated Analytics") Due Diligence Executive Summary](d200558dex996.htm) |
| 99.7 | [Consolidated Analytics Exception Grades Report](d200558dex997.htm) |
| 99.8 | [Consolidated Analytics Data Compare Report](d200558dex998.htm) |
| 99.9 | [Consolidated Analytics Grading Summary Report](d200558dex999.htm) |
| 99.1 | [Consolidated Analytics ATR QM Report](d200558dex9910.htm) |
| 99.11 | [Consolidated Analytics Valuations Summary Report](d200558dex9911.htm) |
| 99.12 | [Selene Diligence LLC ("Selene") Due Diligence Review Narrative ("Report")](d200558dex9912.htm) |
| 99.13 | [Selene Rating Agency Grades Report](d200558dex9913.htm) |
| 99.14 | [Selene Standard Findings Report](d200558dex9914.htm) |
| 99.15 | [Selene Valuation Report](d200558dex9915.htm) |
| 99.16 | [Selene MLS Report](d200558dex9916.htm) |
| 99.17 | [Selene Data Compare Report](d200558dex9917.htm) |
| 99.18 | [AMC Diligence, LLC ("AMC") Due Diligence Executive Summary](d200558dex9918.htm) |
| 99.19 | [AMC Exception Grades](d200558dex9919.htm) |
| 99.2 | [AMC Rating Agency Grades](d200558dex9920.htm) |
| 99.21 | [AMC Valuation Report](d200558dex9921.htm) |
| 99.22 | [AMC Data Compare Report](d200558dex9922.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 | May 15, 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** 

------

![LOGO](g200558dsp3.jpg)

![LOGO](g200558img1.jpg)

![LOGO](g200558img2.jpg)

**May 12, 2026**<br>**Due Diligence Narrative Report**<br>

------

![LOGO](g200558image3.jpg)

**TABLE OF CONTENTS**

---

| | | | |
|:---|:---|:---|:---|
|  **Clayton Contact Information** |  | **2** |  |
|  **Overview** |  | **2** |  |
|  **Originators** |  | **2** |  |
|  **Clayton's Third Party Review ("TPR") Scope of Work** |  | **2** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Sampling* | | *3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Sponsor Acquisition Criteria* | | *3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Loan Grading* | | *3* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *TPR Component Review Scope* | | *4* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Review |  | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property Valuation Review |  | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regulatory Compliance Review |  | 4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Data Integrity* | | *6* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Data Capture* | | *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-J3 Page \| 1 May 12, 2026

------

![LOGO](g200558image3.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 50 residential loans selected for the PMT Loan Trust 2026-J3 transaction. The loans referenced in this narrative report were reviewed on a bulk basis between April, 2026 and May, 2026. 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 | 9 | 7.83% |
|  Correspondent Bulk | 106 | 92.17% |
|  **Total** | **115** | **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-J3 Page \| 2 May 12, 2026

------

![LOGO](g200558image3.jpg)

**SAMPLING** 

Upon receipt of Asset Tape, Diligence provider randomly selected 50 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** | 115 | Clayton performed a Full Review based on the scope described below in the section titled "TPR Component Review Scope". |
| **Total Loan Population** | 115 |  |

---

**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](g200558img3.jpg)

PMT Loan Trust 2026-J3 Page \| 3 May 12, 2026

------

![LOGO](g200558image3.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 (115 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 (115 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-J3 Valuations Summary Report

REGULATORY COMPLIANCE REVIEW

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

PMT Loan Trust 2026-J3 Page \| 4 May 12, 2026

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![LOGO](g200558image3.jpg)

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 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

PMT Loan Trust 2026-J3 Page \| 5 May 12, 2026

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![LOGO](g200558image3.jpg)

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-J3 Page \| 6 May 12, 2026

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![LOGO](g200558image3.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 | 7 | 93.91% |
|  AUS Grade Audit | 2 | 98.26% |
|  Borrower 1 Self Employed Flag | 3 | 97.39% |
|  Borrower 1 Total Income | 3 | 97.39% |
|  Borrower 2 Self Employed Flag | 3 | 97.39% |
|  Cash Reserves | 61 | 46.96% |
|  Credit Report Date | 7 | 93.91% |
|  Debt to Income Ratio (Back) | 4 | 96.52% |
|  Loan Purpose | 1 | 99.13% |
|  Original Appraisal Date | 3 | 97.39% |
|  Property Type | 8 | 93.04% |
|  Sales Price | 1 | 99.13% |
|  Total Monthly Income | 1 | 99.13% |

---

PMT Loan Trust 2026-J3 Page \| 7 May 12, 2026

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![LOGO](g200558image3.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 (115 loans)</u>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** | **Overall Grade Migration** |
|  | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** | **Initial** |
| **Final** |  | **A** | **B** | **C** | **D** | **Total** |
| **Final** | **A** | 69 |  | 1 | 8 | **78** |
| **Final** | **B** |  | 31 | 2 | 4 | **37** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **69** | **31** | **3** | **12** | **115** |

---

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** | 111 |  | 1 | 3 | **115** |
| **Final** | **B** |  |  |  |  | **0** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **111** | **0** | **1** | **3** | **115** |

---

**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** | 108 |  |  | 6 | **114** |
| **Final** | **B** |  | 1 |  |  | **1** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **108** | **1** | **0** | **6** | **115** |

---

**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** | 75 |  |  | 4 | **79** |
| **Final** | **B** |  | 34 | 2 |  | **36** |
| **Final** | **C** |  |  |  |  | **0** |
| **Final** | **D** |  |  |  |  | **0** |
| **Final** | **Total** | **75** | **34** | **2** | **4** | **115** |

---

PMT Loan Trust 2026-J3 Page \| 8 May 12, 2026

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![LOGO](g200558image3.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-J3 Page \| 9 May 12, 2026

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![LOGO](g200558image3.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-J3 Page \| 10 May 12, 2026

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![LOGO](g200558image3.jpg)

&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-J3 Page \| 11 May 12, 2026

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![LOGO](g200558image3.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-J3 Page \| 12 May 12, 2026

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![LOGO](g200558image3.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-J3 Page \| 13 May 12, 2026

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![LOGO](g200558image3.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-J3 Page \| 14 May 12, 2026

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![LOGO](g200558image3.jpg)

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

&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-J3 Page \| 15 May 12, 2026

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![LOGO](g200558image3.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)

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![LOGO](g200558image3.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 | |

---

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**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-J3 Page \| 18 May 12, 2026

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![LOGO](g200558image3.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.)

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**<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> 2026 Clayton Services LLC. All rights reserved.

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

PMT Loan Trust 2026-J3 Page \| 20 May 12, 2026

## Exhibit 99.2

**EXHIBIT 99.2** 

**CLAYTON CONDITIONS REPORT** 

------

---

| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC PMTLT 2026-J3 Sec_J16709** |
| **Conditions Report 2.0** |  |
| ***Loans in Report:*** | *115* |
| ***Loans with Conditions:*** | *46* |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**37 - Total Active Conditions** | |
| **37 - Non-Material Conditions** | **37 - Non-Material Conditions** |
| 37 - Compliance Review Scope | 37 - Compliance Review Scope |
|  | 1 - Category: Compliance Manual |
|  | \ |
| &nbsp;&nbsp;&nbsp;**24 - Total Satisfied Conditions** |  |
| 7 - Credit Review Scope | 7 - Credit Review Scope |
|  | 1 - Category: Assets |
|  | 4 - Category: Credit/Mtg History |
|  | 1 - Category: Income/Employment |
|  | 1 - Category: Legal Documents |
| 8 - Property Valuations Review Scope | 8 - Property Valuations Review Scope |
|  | 8 - Category: Appraisal |
| 9 - Compliance Review Scope | 9 - Compliance Review Scope |
|  | 1 - Category: Ability to Repay/Qualified Mortgage |
|  | 3 - Category: State Consumer Protection |
|  | 5 - Category: TILA/RESPA Integrated Disclosure |
| &nbsp;&nbsp;&nbsp;**1 - Total Waived Conditions** |  |
| 1 - Property Valuations Review Scope | 1 - Property Valuations Review Scope |
|  | 1 - Category: FEMA |

---

<sup>©</sup>2026 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.

------

---

| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC PMTLT 2026-J3 Sec_J16709** |
| **Conditions Report 2.0** |  |
| ***Loans in Report:*** | *115* |
| ***Loans with Conditions:*** | *46* |

---

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error**<br> **Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;1 | XXXXXX | XXXXXX ND | 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 | Affiliate<br>Business<br>Disclosure<br>missing. | (No Data) | (No Data) | (No Data) | Not<br>Applicable | CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: Co-Borrower has significant time at current job - 13 years<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 29.4 % is below guideline requirement 50% max<br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has significant time at current job - 21 years |
| &nbsp;&nbsp;&nbsp;1 | XXXXXX | XXXXXX ND | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C B | CMPTRID3966 | TRID - CD:<br>The Will Not<br>Have an<br>Escrow<br>Account in the<br>CD Loan<br>Disclosures<br>section is<br>selected and<br>both or neither<br>of You<br>declined it and/<br>or Your lender<br>does not offer<br>one are<br>selected | No | CD: XXX-<br>1 , Section:<br>Loan<br>Disclosures,<br>Field: did<br>not have an<br>options<br>checked<br>off. | 4.9.2026 -<br>PCCD<br>received | 4.9.2026 -<br>Exception<br>satisfied | Non-Numeric | Not<br>Applicable | CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: Co-Borrower has significant time at current job - 13 years<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 29.4 % is below guideline requirement 50% max<br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has significant time at current job - 21 years |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | XXXXXX GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing. | (No Data) | (No Data) | (No Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Qualifying score 737. Minimum 720<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: $322,537 post closing verified. Min required is $34,818.96 |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | XXXXXX GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B | Credit | Income/<br>Employment | Satisfied D A | CRDINC2302 | Missing<br>Required<br>Income<br>Documentation | No | Provide<br>verification<br>of<br>ownership<br>percentage<br>for B2 with<br>XXXXXX.<br>Received<br>income via<br>1099-MISC<br>and per the<br>instructions<br>should be<br>claimed on<br>Schedule C<br>or F. The<br>2024<br>returns<br>show it<br>reported on<br>Schedule 1.<br>The 2024<br>K1<br>provided<br>shows 50%<br>owner of<br>someone<br>else, not on<br>this loan<br>and<br>business<br>verification<br>shows B2<br>as<br>Registered<br>Agent. | 4/17/2026:<br>Received<br>2024/2023<br>1099-<br>MISC for<br>B2.<br>Matches<br>income<br>claimed<br>on<br>Schedule<br>1 of<br>1040s. | 4/17/2026:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Qualifying score 737. Minimum 720<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: $322,537 post closing verified. Min required is $34,818.96 |

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| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error**<br> **Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>Affiliate<br>Business<br>Disclosure | (No<br>Data) | (No Data) | (No Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV 72.68% lower than maximum allowed 89.99<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 29.45% lower than maximum allowed 50%<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score 792 exceeds guidelines |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | XXXXXX | OR | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing. | (No<br>Data) | (No Data) | (No Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 768 mid score > min required of 700<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 79.11%; guidelines allow 89.99%.<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 44.60x% DTI < maximum permitted of 50% |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied D A | CMPTRID5107 | TRID -<br>Seller CD<br>not in file;<br>need in<br>order to<br>complete<br>fee entry | No | Seller CD<br>not in file | 5.4.2026<br>- Seller<br>CD<br>received | 5.4.2026<br>-<br>Exception<br>satisfied | Not<br>Applicable | Not<br>Applicable | CFCFS2854: Significant time in profession<br> - Clayton Comments: Borrower has 5 years in the same profession<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $91,003.95 or 9.95 months of PITI.3 months required reserves.<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 809 credit score; Minimum required 700. |
| &nbsp;&nbsp;&nbsp;270 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Guideline is 50%, DTI is at 47% |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>Affiliate<br>Business<br>Disclosure | (No<br>Data) | (No Data) | (No Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 29.18. Max 45%<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: $66,924.47 required. $141,766.22 post closing reserves verified.<br>CFCFS1753: Comp factors not applicable - missing document and/or compliance exception(s)<br> - Clayton Comments: Missing LOE for XXXXXX credit inquiry dated 9/23/2025 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU Score<br>5.0. clayton<br>to order<br>AVM.<br>(CDA in<br>the file was<br>reviewed<br>for an<br>appraisal<br>done<br>XXXXXX.<br>Loan app<br>date is<br>XXXXXX). | 5/7/2026:<br>Received<br>CDA<br>supporting<br>value. | 5/7/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 29.18. Max 45%<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: $66,924.47 required. $141,766.22 post closing reserves verified.<br>CFCFS1753: Comp factors not applicable - missing document and/or compliance exception(s)<br> - Clayton Comments: Missing LOE for XXXXXX credit inquiry dated 9/23/2025 |
| &nbsp;&nbsp;&nbsp;8 | XXXXXX | XXXXXX | IL | 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 | ABA<br>missing | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post assets close assets are: 68,571.09<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV 65.32% lower than maximum allowed 89.99<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score 770 exceeds guidelines |
| &nbsp;&nbsp;&nbsp;49 | XXXXXX | XXXXXX | VA | 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 and B2 have owned the departing primary residence 7 years<br>CFCFS2854: Significant time in profession<br> - Clayton Comments: B1 has 12 years in the same profession<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $133,727.10 or 11.26 months of PITI.Required Reserves are $71,104.35 |
| &nbsp;&nbsp;&nbsp;9 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 736 mid score > min required of 700<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 84.99 CLTV, max permitted of 89.99% |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing<br>per<br>FACTS<br>sheet in<br>file.<br>Please<br>provide. (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 766 median FICO. Min required 700.<br>CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: B2 has been with employer 8 years, 10 months. |
| &nbsp;&nbsp;&nbsp;50 | 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: 763 mid score > min required of 620<br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 6.57%<br>CFCFS1742: Consumer credit history exceeds guidelines<br> - Clayton Comments: Borrower has 0x30 for 186 months. |
| &nbsp;&nbsp;&nbsp;11 | XXXXXX | XXXXXX | NV | 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 $2,664,484.44 (243.39 months PITIA reserves) > min required reserves of $27,250.30<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 32.14% DTI < max permitted of 50%<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 80% CLTV < max permitted of 90%<br> CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 793 mid score > min required of 680 |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | IL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 32.10% DTI < max permitted of 50% <br>CFCFS2860: Good credit history<br> - Clayton Comments: 792 mid score > min required of 700. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;13 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C A | Credit | Assets | Satisfied C A | CRDAST206 | Asset Amounts<br>Are<br>Unsupported<br>by<br>Documentation<br>in File | No | Provide<br>supporting<br>docs for<br>deposit of<br>$228,934.48<br>from<br>XXXXXX<br>on<br>1/21/2026. | 4/16/2026:<br>Received<br>supporting<br>docs for<br>transfer of<br>funds. | 4/16/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 708 mid score > min required of 700.<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 80% CLTV < max permitted of 89.99% |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | XXXXXX | NJ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV 75% lower than maximum allowed 84.99 <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified fico score of 762. Minimum required is 700 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 39.65% lower than maximum allowed 50% |
| &nbsp;&nbsp;&nbsp;15 | XXXXXX | XXXXXX | NV | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 745 mid score > min required of 700<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 13.36% DTI < max permitted of 50% <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 80% CLTV < max permitted of 89.99% |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV guideline is 89.99%, actual LTV is 80%<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $410,550.27 in post closing reserves or 65.18 months PITI.Three months 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 Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | XXXXXX | MD | 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 | ABA<br>missing. | (No Data) | (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: ASSETS: $22,561.21 with $5,797 required per AUS. ($5,793.33 CTC per final CD)Retirement assets = $354,825.37 \* 60% = $212,895.22 additional reserves. <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 24.11% DTI with a 50% max allowed. <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 72.26% LTV with a max 80% allowed. |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Property<br>Valuations | FEMA | Waived B | PRVAFEMA856 | Natural<br>Disaster<br>Area, no<br>subsequent<br>inspection<br>(Public) | No | FEMA<br>Declaration<br>for XXX<br>XXXXXX<br>and<br>appraisal<br>date XXX. | 4/2/2026:<br>Client<br>acknowledges<br>Level 2<br>exception,<br>Public<br>Assistance<br>only. | 4/2/2026:<br>Waived<br>non-<br>material. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 40.92% DTI < maximum permitted of 50%<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 802 mid score > min required of 700 <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 72.31%; guidelines allow 89.99%. |
| &nbsp;&nbsp;&nbsp;19 | XXXXXX | XXXXXX | NV | 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<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV max is 89.99 actual LTV is 76.69<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post closing assets $157,039.54 (12.09 months PITIA reserves) > min required reserves of $38,964.45 (3 months) |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified cash reserves $1,056,918 exceed AUS requirement of $0.00 <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 797 exceeds guideline minimum of 700 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Verified DTI of 41% is below guideline max of 50% |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial<br>S&P<br>Condition<br>Grade** | **Final<br>S&P<br>Condition<br>Grade** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error**<br> **Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;52 | 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: 788 mid score > min required of 680 <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 80% CLTV < max permitted of 90% <br>CFCFS2860: Good credit history<br> - Clayton Comments: 38% DTI < max permitted of 50% |
| &nbsp;&nbsp;&nbsp;21 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1749: Additional documented income not used in qualifying<br> - Clayton Comments: No rental income use to qualify or offset payment on investment property <br>CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: Borrowers have84 months mortgage payment history 0x30. <br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @11.00% |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | XXXXXX | MO | 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 72.11% is below the maximum allowable of 89.99%. <br>CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: Mortgage payment history of 0x30x25 months exceeds the required 0x30x12 months. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 773 is above the required 700. |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified case reserves $440854.43 exceed AUS requirement of $0.00 <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified Credit Score 773 exceeds minimum of 700 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Verified DTI 37.14 is below guideline minimum of 50% |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | XXXXXX | AL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA2720 | RESPA - List<br>of<br>homeowner's<br>counseling<br>organizations;<br>insufficient<br>information<br>to confirm<br>timely<br>delivery. | No | List of<br>homeowner's<br>counseling<br>organizations<br>not dated nor<br>signed (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Cash reserves of $580,375.78 exceed guidelines <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 783 exceeds guidelines of 720 <br>CFCFS1742: Consumer credit history exceeds guidelines<br> - Clayton Comments: Excellent credit history. No major derogs. Excellent fico of 783 |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | XXXXXX | AL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Cash reserves of $580,375.78 exceed guidelines <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 783 exceeds guidelines of 720 <br>CFCFS1742: Consumer credit history exceeds guidelines<br> - Clayton Comments: Excellent credit history. No major derogs. Excellent fico of 783 |
| &nbsp;&nbsp;&nbsp;22 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $65,320.08 exceed the required 3 mos reserves of $23,688.21.<br> CFCFS2860: Good credit history<br> - Clayton Comments: No late payments noted on credit report spanning back to August 2006.<br>CFCFS1746: Significant housing expense reduction<br> - Clayton Comments: Monthly PITIA payment reduction of $548.86.<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Qualifying FICO of 780 exceeds required FICO of 700. |
| &nbsp;&nbsp;&nbsp;23 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 43.44% DTI < max permitted of 50%<br>CFCFS1742: Consumer credit history exceeds guidelines<br> - Clayton Comments: 736 mid score > min required 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** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial**<br> **S&P<br>Condition<br>Grade** | **Final**<br> **S&P<br>Condition<br>Grade** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error**<br> **Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;24 | XXXXXX | XXXXXX | UT | 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: $173,593.30 /$12,635.84 = 13.74 months' PITIA reserves. Three months reserves required.<br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has over ten years of self employment and twenty years of wage employment at current jobs. |
| &nbsp;&nbsp;&nbsp;25 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 42.49% is below the guideline maximum of 45%.<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 743 mid score > min required of 700<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 80%; guidelines allow 89.99%. |
| &nbsp;&nbsp;&nbsp;54 | 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: 33% DTI below guideline requirement 50%<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: post close assets $967,330 / PITIA $22,411.31 = 43 months reserves.18 months subject reserves required: $22,276.31 X 18 = $400,973.58.<br>CFCFS2854: Significant time in profession<br> - Clayton Comments: Significant time in profession - XXX |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: ASSETS: $577 + $343,733.18 vested retirement assets.60% of retirement = $206,239.91. $206,816.91 - $49,474.19 CTC = $157,342.72 reserves. $49,481.59 to be verified per AUS.<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 822 score exceeds 700 minimum required.<br>CFCFS2854: Significant time in profession<br> - Clayton Comments: 25 years time in profession. |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | ABA<br>missing<br>from file (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified reserves are $424,826.83. Required reserves are $326,222.10. Overage is $98,604.73 or 6.5114 months' PITI reserves.<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Minimum FICO is 720. Approved FICO is 801.<br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: The borrower has owned their business for over 9 years. |
| &nbsp;&nbsp;&nbsp;27 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post-close reserves of $206,544.34 exceed required $37,388.82.<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Qualifying FICO of 731 exceeds required FICO of 700.<br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: B1 has been self-employed at company since 1/1/12. |
| &nbsp;&nbsp;&nbsp;55 | 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 22.07 max 50%.<br>CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years<br> - Clayton Comments: 0 x 30.60.90 lates in last 24 months.<br>CFCFS2860: Good credit history<br> - Clayton Comments: Has 23 open tradelines, with longest tradeline for 148 months.<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: cash reserves = $1,654,755.91 or 245.69 months PITIA pmt. Three months reserves required. |
| &nbsp;&nbsp;&nbsp;28 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  | CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 11%<br>CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: Borrowers have 99 months mortgage payment history 0x30.<br>CFCFS2854: Significant time in profession<br> - Clayton Comments: B1 has been in same employer over 10 years |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | XXXXXX | RI | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Compliance | State<br>Consumer<br>Protection | Satisfied D A | CMPSTCP1297 | RI Home<br>Loan —<br>Prohibited<br>Acts of<br>Lenders<br>and Loan<br>Brokers<br>Disclosure<br>(Home<br>Loan), not<br>in file | No | RI Home<br>Loan -<br>Prohibited<br>Acts of<br>Lenders<br>and Loan<br>Brokers<br>Disclosure<br>(Home<br>Loan), not<br>in file | 4.9.2026<br>—<br>Evidence<br>not<br>applicable<br>provided | 4.9.2026<br>-<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Max CLTV is 89.99%. Approved CLTV is 80%.<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Minimum FICO is 720. Approved FICO is 796.<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Max DTI is 45%. Approved DTI is 36.433%.<br>|
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | XXXXXX | RI | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Compliance | State<br>Consumer<br>Protection | Satisfied D A | CMPSTCP1309 | RI Home<br>Loan —<br>Prohibited<br>Acts of<br>Lenders<br>and Loan<br>Brokers<br>Disclosure<br>(High<br>Cost), not<br>in file | No | RI Home<br>Loan -<br>Prohibited<br>Acts of<br>Lenders<br>and Loan<br>Brokers<br>Disclosure<br>(High<br>Cost), not<br>in file | 4.9.2026<br>—<br>Evidence<br>not<br>applicable<br>provided | 4.9.2026<br>-<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Max CLTV is 89.99%. Approved CLTV is 80%.<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Minimum FICO is 720. Approved FICO is 796.<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Max DTI is 45%. Approved DTI is 36.433%. |
| &nbsp;&nbsp;&nbsp;30 | 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: Minimum FICO is 720. Approved FICO is 777.<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Max DTI is 45%. Approved DTI is 12.749%.<br>CFCFS1749: Additional documented income not used in qualifying<br> - Clayton Comments: Borrower 1 has $141,833.33 per month in verified W-2 income not used to qualify.<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Max CLTV is 80%. Approved CLTV is 76.65%. |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | XXXXXX | MA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>Affiliate<br>Business<br>Disclosure. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: B1 has been with current employer 5.33 years.<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 743 median FICO. Min required 700. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;105 | XXXXXX | XXXXXX | NH | 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 | The<br>Required<br>Affiliate<br>Business<br>was not<br>included<br>in the<br>file. (No<br>Data) | Not<br>Applicable | CFCFS1749: Additional documented income not used in qualifying<br> - Clayton Comments: Additional documented income not used in qualifying<br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has significant time at current job<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 37% DTI below guideline requirement 50 |
| &nbsp;&nbsp;&nbsp;31 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Max CLTV is 89.99%. Approved CLTV is 80%. <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are: $977,385.40 /$9,868.75 = 99.04 months' PITIA reserves. Required reserves are $34,927.25 or 3 months' PITIA plus outstanding 30-day account balances. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Minimum FICO is 700. Approved FICO is 769. <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Max DTI is 45%. Approved DTI is 26.42%. |
| &nbsp;&nbsp;&nbsp;57 | 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: 788 mid score > min required of 700 <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post closing assets $507,681.50 (70.15 months PITIA reserves) > min required reserves of 3 months <br>CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0 x 30 in 99 months <br>CFCFS2860: Good credit history<br> - Clayton Comments: 0 x 30 n 99 months |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  | CFCFS2854: Significant time in profession<br> - Clayton Comments: 13 years time in profession. <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 19.74% DTI with a max 50% allowed. <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 63.84% LTV with a max 80% allowed. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error**<br> **Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;33 | 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: Borrowers have102 months mortgage payment history 0x30. <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Borrowers DTI 27.71% is below guideline maximum 50%. <br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 8.00% |
| &nbsp;&nbsp;&nbsp;34 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied B | CMPTRID3966 | TRID -<br>CD: The<br>Will Not<br>Have an<br>Escrow<br>Account in<br>the CD<br>Loan<br>Disclosures<br>section is<br>selected<br>and both or<br>neither of<br>You<br>declined it<br>and/or<br>Your<br>lender does<br>not offer<br>one are<br>selected | No | A post<br>closing CD<br>was issued<br>XXX to<br>correct this<br>issue. | (No Data) | (No Data) | Non-Numeric | Not<br>Applicable | CFCFS1749: Additional documented income not used in qualifying<br> - Clayton Comments: 13 mo's commission average $$39,418.54. UW used 24 mo average of $11,673.05 conservatively due to lack of full 24 mo commission history.<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Min 3 mo's PITI reserves required. 11.31 months verified. |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>the<br>Affiliate<br>Business<br>Disclosure<br>for the<br>lender. | (No Data) | (No Data) | (No Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 10.07% DTI < max permitted of 50% <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 743 mid score > min required of 700. |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B | Credit | Legal<br>Documents | Satisfied D A | CRDLGL225 | Missing<br>Rider | No | Subject is<br>a PUD.<br>Mortgage<br>has a<br>Condo<br>Rider.<br>Provide<br>PUD Rider<br>and<br>verification<br>Mortgage<br>will be re-<br>recorded. | 4/17/2026:<br>Received 1004<br>appraisal. Shows<br>HOA dues.<br>subject is a Site<br>Condo. Lender<br>indicates<br>Mortgage will<br>be re-recorded.<br>Still need Condo<br>Rider.4/27/2026:<br>Received Condo<br>Rider with<br>updated<br>Mortgage to be<br>re-recorded. | 4/17/2026:<br>Exception<br>remains.4/27/2026:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 10.07% DTI < max permitted of 50%<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 743 mid score > min required of 700. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;58 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0 x 30 in 45 months <br>CFCFS1736: Significant time at current residence<br> - Clayton Comments: 11 years at subject property <br>CFCFS2854: Significant time in profession<br> - Clayton Comments: B2 has been in same profession for 25 years |
| &nbsp;&nbsp;&nbsp;36 | 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: 75%LTV below guideline requirements- Max 90% <br>CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: Co-Borrower has significant time at current job 4 + years <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 35% is below guideline requirement 50% |
| &nbsp;&nbsp;&nbsp;37 | XXXXXX | XXXXXX | NY | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Max DTI is 45%. Approved DTI is 22.876%. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Minimum FICO is 660. Approved FICO is 797. <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Max CLTV is 89.99%. Approved CLTV is 80%. |
| &nbsp;&nbsp;&nbsp;38 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $2,289,688.20 in post closing reserves or 289.48 months PITI.Three months reserves required. <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 80% CLTV < max permitted of 89.99% <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 765 amid score > min required of 700 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 29.31% DTI < max permitted of 50% |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller<br>Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;39 | 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: 807 credit score. Min 720 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 28.22%. Max 50% with AUS approval <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 70% LTV/CLTV. Max 89.99 % to $XXX loan amount. |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | Missing<br>updated<br>valuation.<br>CU score<br>is >2.5.<br>Clayton<br>to order<br>AVM. | 5/5/2026:<br>Received<br>AVM<br>supporting<br>value. | 5/5/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS5269: Minimal use of credit<br> - Clayton Comments: Borrower has minimal use of credit with credit usage ratio of 7.98% <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post closing assets $96,904.02 (14.96 months PITIA reserves) > min required of 3 months reserves <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 760 is above the required 700. |
| &nbsp;&nbsp;&nbsp;40 | 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: Verified $108,527.56 in post closing reserves or 12.23 months PITI.Three months reserves required $8,875.19 X 3 = $26,625.57. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 732 median FICO. Minimum required 700. |
| &nbsp;&nbsp;&nbsp;60 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 781 median FICO. Min required 700. <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 13% DTI < max permitted of 50% <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Verified 60% LTV. Max allowed 89.99%. |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;41 | 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 | ABA<br>missing (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score 779 exceeds guidelines - 700 min required. <br>CFCFS2860: Good credit history<br> - Clayton Comments: the borrower has good credit history <br>CFCFS1736: Significant time at current residence<br> - Clayton Comments: Significant time at current residence- 8 years |
| &nbsp;&nbsp;&nbsp;61 | 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: Verified Cash reserves $94231.55 exceed program requirements of $0.00 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Verified DTI of 38% is below guidelines maximum of 50% <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified Credit Score 748 exceeds minimum requirement of 700 |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | XXXXXX | CO | 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 | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 67.33%; guidelines allow 89.99%. <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 33.59% is below the guideline maximum of 45%. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 789 mid score > min required of 700 |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | XXXXXX | VT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 782 mid score > min required of 700 <br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 4.38% <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Borrowers DTI 39.62% is below guideline maximum 50%. <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets $232,752.85 or 30.57 months of PITIA reserves. Required reserves 3 mo. PITIA $22,837.44. |

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial**<br> **S&P<br>Condition<br>Grade** | **Final**<br> **S&P<br>Condition<br>Grade** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error**<br> **Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 80.00%; guidelines allow 89.99%. <br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @8.03% <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $426,457.95 or 33.70 months of P&I |
| &nbsp;&nbsp;&nbsp;63 | 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: 65.00 below max 89.99<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 21.89 DTI below 50 max |
| &nbsp;&nbsp;&nbsp;64 | 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: 808 Credit score exceeds guidelines minimum of 700 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 35.95% DTI below guideline requirement 50% <br>CFCFS1736: Significant time at current residence<br> - Clayton Comments: Significant time at current residence 14 years at primary |
| &nbsp;&nbsp;&nbsp;43 | XXXXXX | XXXXXX FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Minimum FICO is 700. Approved FICO is 766. <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Max DTI is 45%. Approved DTI is 20.80%. <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are: $475,869.45 /$8,448.98 = 56.32 months' PITIA reserves. Required reserves are $8,448.98 subject PITIA x 3 = $25,346.94 + $4,439 outstanding XXXXXX balance = $29,785.94. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;65 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Required<br>Affiliate<br>Business<br>Disclosure<br>missing. (No<br>Data) | Not<br>Applicable | CFCFS2860: Good credit history<br> - Clayton Comments: 758mid score > min required of 700<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 38.65% DTI < max permitted of 50%<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 80% CLTV < max permitted of 89.99% |
| &nbsp;&nbsp;&nbsp;103 | 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 $425,384.62 or 65.33 months PITIA reserves.<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Borrowers DTI 34.78% is below guideline maximum 50%.<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 69%; guidelines allow 89.99%. |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | XXXXXX | WA | 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 | The<br>Affiliated<br>Business<br>Disclosure<br>was not<br>included<br>in the<br>package. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close Assets: $274,683.50 or 40.09 months PITI.Three months reserves for subject plus six months for two financed REOs: $6,850.39 X 3 = $20,551.17; $5,302.67 PITI REOs X 6 = $31,816.02. Total required $52,367.19.<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Verified DTI 43% is below guideline maximum of 50%<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified credit score 770 exceeds guideline minimum of 700 |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | XXXXXX | WI | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $197,959.63 in post closing reserves or 27.40 months PITI.Three months reserves required plus six months for financed REOs: $7,222.84 X 3 = $21,668.52; $25,801.34 X 6 = $154,808.04. Total required $176,476.56.<br>CFCFS2860: Good credit history<br> - Clayton Comments: 781 mid score > min required of 700<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 13% DTI < max permitted of 50% |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | XXXXXX | WY | 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 | The ABA is<br>required but<br>missing from the<br>file. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @14.98 <br>CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: Borrowers have 24 months mortgage payment history 0x30 <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 50.26; guidelines allow 75% |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Compliance | Ability to<br>Repay/<br>Qualified<br>Mortgage | Satisfied D A | CMPATRQM3220 | TILA - Loan<br>subject to<br>Ability to<br>Repay/<br>Qualified<br>Mortgage<br>rule; the loan<br>file is<br>missing<br>documents to<br>complete the<br>ATR/QM<br>review and<br>render an<br>accurate<br>ATR/QM<br>status. | No | Missing legible<br>credit report -<br>Unable to review -<br>credit report is<br>illegible\*Consumer<br>debts added are<br>reflected on the<br>1003 | 4/29/2026:<br>Received<br>full legible<br>credit<br>report. All<br>parameters<br>met. | 4/29/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: 15 years at subject property <br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 22+ years self employed <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 61.33 LTV below max 70% |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Credit/<br>Mtg<br>History | Satisfied B A | CRDCRMH193 | Length of<br>mortgage/<br>rental history<br>in file does<br>not meet<br>guideline<br>requirement | No | Missing legible<br>credit report -<br>Unable to review -<br>credit report is<br>illegible and there<br>is no VOM for all<br>3 mortgages found<br>in file | 4/29/2026:<br>Received<br>full legible<br>credit<br>report. All<br>parameters<br>met. | 4/29/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: 15 years at subject property <br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 22+ years self employed <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 61.33 LTV below max 70% |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D | Credit | Credit/<br>Mtg<br>History | Satisfied B A | CRDCRMH3000 | # of<br>Tradelines<br>Does Not<br>Meet<br>Guideline<br>Requirements | No | Missing legible<br>credit report -<br>Unable to review -<br>credit report is<br>illegible | 4/29/2026:<br>Received<br>full legible<br>credit<br>report. All<br>parameters<br>met. | 4/29/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: 15 years at subject property <br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 22+ years self employed <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 61.33 LTV below max 70% |

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | XXXXXX NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Credit/<br>Mtg<br>History | Satisfied C A | CRDCRMH117 | Length of<br>credit history<br>in file does<br>not meet<br>guideline<br>requirement | No | Missing legible<br>credit report -<br>Unable to review -<br>credit report is<br>illegible | 4/29/2026:<br>Received<br>full legible<br>credit<br>report. All<br>parameters<br>met. | 4/29/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: 15 years at subject property <br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 22+ years self employed <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 61.33 LTV below max 70% |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | XXXXXX NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Credit | Credit/<br>Mtg<br>History | Satisfied D A | CRDCRMH183 | Credit report<br>incomplete | No | Missing legible<br>credit report -<br>Unable to review -<br>credit report is<br>illegible\*Consumer<br>debts added are<br>reflected on the<br>1003 | 4/29/2026:<br>Received<br>full legible<br>credit<br>report. All<br>parameters<br>met. | 4/29/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1736: Significant time at current residence<br> - Clayton Comments: 15 years at subject property <br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 22+ years self employed <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 61.33 LTV below max 70% |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | XXXXXX IL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Compliance | State<br>Consumer<br>Protection | Satisfied D A | CMPSTCP2057 | Illinois Pred<br>Lend<br>Database -<br>No Cert of<br>Compliance<br>or Cert of<br>Exemption in<br>file | No | Certificate of<br>Compliance/<br>Exemption not<br>found in file. Cert<br>is required for<br>recording and note/<br>mortgage has been<br>recorded, doc<br>missing. | 5/11/2026:<br>Received<br>IL Anti-<br>Predatory<br>Cert. | 5/11/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: $23,648.25 required. $304,016.79 verified. <br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 13 years on job |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D | Property<br>Valuations | Appraisal | Satisfied C A | PRVAAPPR171 | Subject<br>Photos<br>Unacceptable | No | 1004 Appraisal is<br>missing all photos | 4/29/2026:<br>Received<br>full<br>appraisal,<br>all photos,<br>maps and<br>appraiser<br>license. | 4/29/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 11+ years at present job <br>CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0 x 30 in 54 months |

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D A | Property<br>Valuations | Appraisal | Satisfied C A | PRVAAPPR4789 | Appraisal<br>Deficiency | No | Provide a<br>copy of the<br>appraisal<br>with all<br>required<br>Sketches<br>& maps.<br>Report in<br>the file has<br>blank<br>pages for<br>Building<br>Sketch<br>page 2 &<br>page 3,<br>Plat Map,<br>Location<br>Map,<br>Photo<br>Addendum<br>pages,<br>Public<br>Records,<br>Appraiser<br>License,<br>E&O. | 4/29/2026:<br>Received<br>full<br>appraisal,<br>all photos,<br>maps and<br>appraiser<br>license. | 4/29/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 11+ years at present job <br>CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0 x 30 in 54 months |
| &nbsp;&nbsp;&nbsp;68 | 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 | PRVAAPPR173 | Comp Photos<br>Unacceptable | No | 1004<br>Appraisal<br>is missing<br>all photos | 4/29/2026:<br>Received<br>full<br>appraisal,<br>all photos,<br>maps and<br>appraiser<br>license. | 4/29/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 11+ years at present job <br>CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0 x 30 in 54 months |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | XXXXXX FL | 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 | Missing<br>the<br>Affiliate<br>Business<br>Disclosure. | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession<br> - Clayton Comments: Borrower has been in same profession for 13 years. <br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 10% <br>CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: Borrowers have 136 months mortgage payment history 0x30. |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | XXXXXX FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) C B | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied C A | CMPTRID3658 | TRID -<br>Corrected<br>CD should<br>have been<br>provided;<br>APR is<br>greater than<br>APR 3<br>business<br>days prior to<br>closing by<br>more than<br>allowable<br>tolerance | No | The<br>XXXXXX<br>CD APR<br>6.360%<br>increased<br>from the<br>XXX CD<br>6.118%<br>APR. This<br>change is<br>more than<br>0.125%<br>but loan<br>closed<br>XXXXXX<br>without a<br>new<br>waiting<br>period. | 4.15.2026<br>- Missing<br>CD<br>received | 4.15.2026<br>-<br>Exception<br>satisfied (No<br>Data) | Not<br>Applicable | CFCFS2854: Significant time in profession<br> - Clayton Comments: Borrower has been in same profession for 13 years. <br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 10% <br>CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: Borrowers have 136 months mortgage payment history 0x30. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | XXXXXX IL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA2698 | RESPA -<br>List of<br>homeowners<br>counseling<br>organizations<br>not in file | No | List of<br>homeowners<br>counseling<br>organizations<br>not in file. (No<br>Data) | Not<br>Applicable | CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 4.08% <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Borrowers DTI 35.94% is below guideline maximum 50% <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $85,315.03 or 13.50 months of P&I (or PITI if required)Required subject reserves are $9,632.34 x 3 = $28,897.02Investment $1,825.71 x6 mos = $10,954.26 = $39,851.28 total required reserves. |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | XXXXXX IL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing. (No<br>Data) | Not<br>Applicable | CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 4.08% <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Borrowers DTI 35.94% is below guideline maximum 50% <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $85,315.03 or 13.50 months of P&I (or PITI if required)Required subject reserves are $9,632.34 x 3 = $28,897.02Investment $1,825.71 x6 mos = $10,954.26 = $39,851.28 total required reserves. |
| &nbsp;&nbsp;&nbsp;69 | 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: Min 3 mo's PITI required. 7.08 PITI post closing reserves verified. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 740 median FICO. Min required 720. |
| &nbsp;&nbsp;&nbsp;98 | XXXXXX | XXXXXX NM | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  | CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: 0x30x48 mortgage payment history <br>CFCFS1736: Significant time at current residence<br> - Clayton Comments: Borrowers have owned the departing primary residence 14.08 years <br>CFCFS2854: Significant time in profession<br> - Clayton Comments: Borrower has 30 years in the same profession |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial**<br> **S&P**<br> **Condition<br>Grade** | **Final**<br> **S&P**<br> **Condition<br>Grade** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error**<br> **Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;70 | 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: Borrower has a surplus of asset reserves beyond required reserve requirements. <br>CFCFS2860: Good credit history<br> - Clayton Comments: Borrower does not have any late payments in review period. |
| &nbsp;&nbsp;&nbsp;71 | 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: 800 Credit score exceeds guideline 740 <br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has significant time at current job -20 years <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 32% DTI Below guideline requirements 50% Max |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has significant time at current job — 9 years <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 781 Credit score exceeds guidelines 680 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 17.97% DTI below guideline requirement 50% |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Max DTI is 50%. Verified DTI is 30.98%. <br>CFCFS2854: Significant time in profession<br> - Clayton Comments: The borrower has 30 years in their profession. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Minimum FICO is 720. Approved FICO is 797. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error**<br> **Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS5269: Minimal use of credit<br> - Clayton Comments: Credit line usage ratio .12%. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 809 mid score > min required of 700 <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post closing assets $94,426.84 or 12.8 months PITIA. Three months subject reserves plus 6 months financed REO PITI required: $5,473.62 X 3 = $16,420.86; $8,975 (2 REOs) X 6 = $53,850.00. Total required $70,270.86. |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | TN | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  | CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 23+ years at present job <br>CFCFS2860: Good credit history<br> - Clayton Comments: 0 x 30 in 99 months <br>CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0 x 30 in 64 months |
| &nbsp;&nbsp;&nbsp;46 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | TILA/<br>RESPA<br>Integrated<br>Disclosure | Satisfied B | CMPTRID3971 | TRID -<br>CD: Either<br>both<br>options or<br>neither<br>option was<br>checked for<br>the<br>Liability<br>after<br>Foreclosure<br>topic in the<br>CD Other<br>Disclosures<br>section | No | Neither<br>option was<br>checked for<br>the<br>Liability<br>after<br>Foreclosure<br>topic on the<br>XXX Final<br>CD. This<br>was<br>corrected<br>on the Post<br>Close XXX<br>CD. | (No Data) | (No Data) | Non-Numeric | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 68.67%; guidelines allow 75%. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 797 mid score > min required of 740 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 16.77% is below the guideline maximum of 45%. |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor | QM:<br>Safe<br>Harbor<br>(APOR) D | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU/LCA is<br>>2.5, Desk<br>review<br>required | 5/5/2026:<br>Received<br>AVM<br>supporting<br>value. | 5/5/2026:<br>Exception<br>satisfied. | (No Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Verified DTI 44.860% is below guideline maximum of 50% <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Verified LTV of 70% is below guideline max of 89.99% <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified credit score 781 exceeds minimum credit score of 700 |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | XXXXXX | WI | 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 | The<br>Affiliated<br>Business<br>Disclosure<br>was not<br>included<br>in the file. (No<br>Data) | Not<br>Applicable | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 29.79 is below guideline maximum 50%. <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets $394,557.33 or 38.38 months of PITIA reserves. Three months subject PITI plus six months reserves for financed REO: 10,279.69 X 3 = $30,839.07; $2,744.81 X 6 = $16,468.86. Total required $47,307.93. <br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 3.33% <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 62.645; guidelines allow 80%. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 780 mid score > min required of 700. |
| &nbsp;&nbsp;&nbsp;76 | 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: 60.00 below max 89.99 <br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: 11 years self employed <br>CFCFS1739: Positive mortgage payment history<br> - Clayton Comments: 0 x 30 in 99 months |
| &nbsp;&nbsp;&nbsp;77 | XXXXXX | XXXXXX | AZ | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: Borrowers have115 months mortgage payment history 0x30. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 770 mid score > min required of 720 <br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 19% |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $134,007.73 post closing reserves or 18.26 months PITI. Three months reserves required. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified credit score 726 exceeds guideline minimum of 700 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Verified DTI 28.624 is below guideline maximum of 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 Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>Affiliated<br>Business<br>Disclosure | (No Data) | (No Data) (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 45% LTV below guideline requirements <br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Borrowers have Minimal use of credit <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 783 Credit score exceeds guidelines |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D B A | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU/LCA<br>score is<br>4.0.<br>Clayton to<br>order<br>AVM. | 5/5/2026:<br>Received<br>AVM<br>supporting<br>value. | 5/5/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 45% LTV below guideline requirements<br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Borrowers have Minimal use of credit <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 783 Credit score exceeds guidelines |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | XXXXXX | TX | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: Borrowers have168 months mortgage payment history 0x30.<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 746 mid score > min required of 700 |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Reserves of $155,837.23 exceed required of $64,032.30.<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 29.84% is below Guidelines 50% maximum.<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 70% is below Guidelines 89.99% maximum. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS2860: Good credit history<br> - Clayton Comments: Good credit history<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 768 Credit score exceeds guidelines 720<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 39 % DTI below guideline requirement 50% |
| &nbsp;&nbsp;&nbsp;135 | 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<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 761 mid score > min required of 700<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Borrowers DTI 23.04% is below guideline maximum 50%.<br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 1.39% |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | XXXXXX | MD | 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>Dislcosure (No<br>Data) | Not<br>Applicable | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Minimum FICO is 700. Approved FICO is 804.<br>CFCFS1735: Co-Borrower has significant time at current job<br> - Clayton Comments: Borrower 2 has owned their business for 32 years.<br>CFCFS1736: Significant time at current residence<br> - Clayton Comments: The borrower has been in their current residence for 30 years.<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Max DTI is 50%. Verified DTI is 34.81%. |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI 26.565% FNMA DTI 43 - 50%.<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 798 mid score > min required of 620<br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 9.37%<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 70%; guidelines allow 80%. |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | XXXXXX | AL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 80% CLTV < max permitted of 89.99%<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 27.91% DTI < max permitted of 50%<br>CFCFS1742: Consumer credit history exceeds guidelines<br> - Clayton Comments: 793 mid score > min required of 700 |
| &nbsp;&nbsp;&nbsp;134 | 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 | The<br>ABA is<br>missing<br>from<br>the file.<br> (No<br>Data) | Not<br>Applicable | CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 23.28%<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Borrowers DTI 29.27% is below guideline maximum 50%.<br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 80%; guidelines allow 89.99% |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | XXXXXX | OR | 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 73.26% is below the maximum allowable of 89.99%.<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Reserves of 223.45 months exceeds the required 0 months reserves.<br>CFCFS1740: Mortgage payment history exceeds guidelines<br> - Clayton Comments: Mortgage payment history of 0x30x30 months exceeds the required 0x30x12 months. |
| &nbsp;&nbsp;&nbsp;93 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets $85,230.10 or 10.20 months PITIA reserves. Required reserves $25,073.70 (3).<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 797 mid score > min required 700<br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Credit line usage ratio 5.85%. |

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | XXXXXX | GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTi is at 31.25 and max is 50<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Borrower mid score is 800 and 700 is required minimum score |
| &nbsp;&nbsp;&nbsp;84 | XXXXXX | XXXXXX | VA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS2860: Good credit history<br> - Clayton Comments: Excellent credit history. No major derogs and excellent fico score<br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 801 exceeds minimum fico of 700.<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI is only 27% within the max 50% |
| &nbsp;&nbsp;&nbsp;85 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV of 80% is below Guidelines 89.99% maximum.<br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 34.21% is below Guidelines 50%.<br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Cash reserves of $114,699.88 exceed required of $23,785.86. |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | XXXXXX | MO | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) D | Property<br>Valuations | Appraisal | Satisfied D A | PRVAAPPR3116 | Missing<br>updated<br>valuation | No | CU/<br>LCA<br>score is<br>>2.5.<br>Clayton<br>to order<br>Desk<br>Review | 5/4/2026:<br>Desk<br>review<br>provided. | 5/4/2026:<br>Exception<br>satisfied. (No<br>Data) | Not<br>Applicable | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified cash reserves of $509184.34 exceeds AUS requirement of $0.00 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Verified DTI of 40.63 is below guideline maximum of 45% <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified Credit Score of 805 exceeds guideline minimum of 700 |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA2698 | RESPA -<br>List of<br>homeowners<br>counseling<br>organizations<br>not in file | No | Missing<br>Homeowners<br>Counseling<br>Organizations<br> (No<br>Data) | Not<br>Applicable | CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 12.65% <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 56%; guidelines allow 89.99%. <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets $3,027,640.86 or 252.27 months PITIA. Required reserves $40,587.04 per AUS; plus six months for financed REO per overlays: $5,512.56 X 6 = $33,075.36. Total required $73,662.40. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 786 mid score > min required of 700 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Borrowers DTI 18.85% is below guideline maximum 50%. |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | XXXXXX | FL | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>Affiliated<br>Business<br>disclosure.<br>Client<br>requires full<br>ABA rather<br>than FACTS. (No<br>Data) | Not<br>Applicable | CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 12.65% <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 56%; guidelines allow 89.99%. <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets $3,027,640.86 or 252.27 months PITIA. Required reserves $40,587.04 per AUS; plus six months for financed REO per overlays: $5,512.56 X 6 = $33,075.36. Total required $73,662.40. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 786 mid score > min required of 700 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Borrowers DTI 18.85% is below guideline maximum 50%. |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | XXXXXX | UT | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | Compliance<br>Manual | Active B | CMPMAN2992 | 1003 - Initial<br>Application<br>is not<br>Accurate | No | Application<br>date is<br>XXXXXX<br>and does not<br>coincide with<br>ensuing dates<br>on Final<br>collateral<br>docs and<br>application. (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 59.24%; guidelines allow 89.99%. <br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @26.67% <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $180,396.81 or 27.95 months of P&I |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  | CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: DTI of 35.19% is below the maximum allowable 50%. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Credit score of 797 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%. |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 3.37% <br>CFCFS1734: Borrower has significant time at current job<br> - Clayton Comments: Borrower has been in same profession for 9 years. <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 80%; guidelines allow 85%. |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: 38 months Verified cash reserves exceed guidelines 3 months <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 782 Credit score exceeds guidelines 700 <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 28% DTI below guideline requirement |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B A | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Missing<br>Required<br>Affiliate<br>Business<br>Disclosure (No<br>Data) | Not<br>Applicable | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 70%; guidelines allow 80%. <br>CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 0.00% <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Total assets $434,945.80 or 23.71 months of PITIA. Required reserves 18 months PITIA $330,136.74. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 780 mid score > min required of 720. |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: 3 mo's PITI required. 9.7 post closing verified. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 766 median FICO. Min required 700. |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **State** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;114 | XXXXXX | XXXXXX | CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS2860: Good credit history<br> - Clayton Comments: 797 mid score > min required of 700 <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: 65% CLTV < max permitted of 89.99% <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: 24.62% DTI < max permitted of 50% <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $2,222,662.57 in post closing reserves or 161.49 months PITI.Three months reserves required plus six months for financed REO: $13,762.88 X 3 = $41,288.64; REOs: ($3,301.07 + $3,157.24) X 6 = $38,749.86. Total required $80,038.50. |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | XXXXXX | MD | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 774 median FICO. Min required 700. <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Verified $222,286.98 in post closing reserves or 20.74 months PITI.Three months reserves required $10,717.74 X 3 = $32,153.22; plus six months for each financed REO: ($7,234.55 + $2,736.12) X 6 = $59,824.02. total required $91,977.24. <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Verified 80% LTV. Max allowed 89.99%. |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | XXXXXX | NC | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post closing assets $1,594,735.74 / 234.17 months PITIA > min required of $20,430.90 <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 781 mid score > min required of 700 <br>CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: LTV is 69%; guidelines allow 89.99%. |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | XXXXXX | WA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) B | Compliance | RESPA | Active B | CMPRESPA863 | RESPA:<br>Required<br>Affiliate<br>Business<br>Disclosure<br>missing | No | Affiliate<br>Business<br>Disclosure<br>missing. (No<br>Data) | Not<br>Applicable | CFCFS5269: Minimal use of credit<br> - Clayton Comments: Minimal usage of available revolving credit lines @ 5.09% <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: 808 mid score > min required of 700. <br>CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post Close Assets are $186512.96 or 23.81 months of P&I (or PITI if required)Three months reserves required plus six months for financed REO: $7,832.14 X 3 = $23,496.42; $3,342.97 X 6 = $20,057.82. total required $43,554.24. |

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal<br>ID** | **Loan<br>Number** | **Original<br>Principal<br>Balance** | **Initial<br>Lender<br>ATR/<br>QM<br>Status** | **Loan<br>Level<br>ATR/<br>QM<br>Status** | **Condition<br>Category** | **Condition<br>Sub<br>Category** | **Condition<br>Status** | **Initial<br>Securitization<br>Condition<br>Grade** | **Final<br>Securitization<br>Condition<br>Grade** | **Initial**<br> **S&P<br>Condition<br>Grade** | **Final**<br> **S&P<br>Condition<br>Grade** | **Condition Code** | **Condition<br>Description** | **Condition<br>Material<br>Indicator** | **Initial Comments** | **Client/Seller Response<br>Comments** | **Conclusion<br>Comments** | **TRID**<br> **Error**<br> **Type** | **Cure<br>Method** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | XXXXXX GA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) A |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1731: Verified cash reserves exceed guidelines<br> - Clayton Comments: Post close assets $262,520.86 or 31.76 months of PITIA reserves. Required reserves PITIA \* 3 mo. = $24,789.99 plus six months for financed REO: $4,363.00 X 6 = $26,178. Total required $50,967.99. <br>CFCFS1741: Credit score exceeds guidelines<br> - Clayton Comments: Verified 769 median FICO. Min required 700. |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | XXXXXX CA | QM:<br>Safe<br>Harbor<br>(APOR) | QM:<br>Safe<br>Harbor<br>(APOR) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CFCFS1737: LTV below guideline requirements<br> - Clayton Comments: Current LTV 75% MAX 89.99% <br>CFCFS1744: DTI below guideline requirement<br> - Clayton Comments: Current DTI 44.45% MAX 50% <br>CFCFS2860: Good credit history<br> - Clayton Comments: Verified 809 FICO score. Minimum required 700 |

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| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC PMTLT 2026-J3 Sec_J16709** |
|  <br> **Conditions Report 2.0** | <br> **Conditions Report 2.0** |
| ***Loans in Report:*** | *115* |
| ***Loans with Conditions:*** | *46* |

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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;1 | XXXXXX | XXXXXX | XXXXXX C B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | XXXXXX | XXXXXX D B A | No |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | XXXXXX | XXXXXX B A | Yes |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;270 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | XXXXXX | XXXXXX D B A | No |
| &nbsp;&nbsp;&nbsp;8 | XXXXXX | XXXXXX | XXXXXX B A | Yes |
| &nbsp;&nbsp;&nbsp;49 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;9 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;50 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;11 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;13 | XXXXXX | XXXXXX | XXXXXX C A | Not Applicable |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | XXXXXX | XXXXXX A | Yes |
| &nbsp;&nbsp;&nbsp;15 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;19 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;21 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;107 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;22 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;23 | XXXXXX | XXXXXX | XXXXXX A | Not 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;24 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;25 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;27 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;55 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;28 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;30 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;105 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;31 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;34 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | XXXXXX | XXXXXX D B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;58 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;36 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;37 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;38 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;40 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;60 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;41 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;61 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;64 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;43 | XXXXXX | XXXXXX | XXXXXX A | No |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &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;65 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | XXXXXX | XXXXXX D A | No |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | XXXXXX | XXXXXX C B A | No |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;69 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;98 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;70 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;71 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;46 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;77 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | XXXXXX | XXXXXX D B A | No |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | XXXXXX | XXXXXX A | Not 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;93 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;84 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;85 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | XXXXXX | XXXXXX D A | Not Applicable |
| &nbsp;&nbsp;&nbsp;113 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;87 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | XXXXXX | XXXXXX B A | Not Applicable |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | XXXXXX | XXXXXX A | No |
| &nbsp;&nbsp;&nbsp;114 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | XXXXXX | XXXXXX B A | No |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | XXXXXX | XXXXXX A | Not Applicable |

---

## Exhibit 99.3

**EXHIBIT 99.3** 

**CLAYTON RATING AGENCY ATR QM DATA FIELDS** 

------

---

| | |
|:---|:---|
| **Client Name:** | **PennyMac** |
| **Client Project Name:** | **PNMAC PMTLT 2026-J3 Sec_J16709** |
| **Rating Agency ATR QM Data Fields** | **Rating Agency ATR QM Data Fields** |
| *Loans in Report:* | *115* |

---

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &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<br>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;1 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 7800 | XXXXXX | 6.8058 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 22566 | XXXXXX | 6.2562 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1499 | XXXXXX | 6.2777 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;5 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 795 | XXXXXX | 6.5189 | 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 | 15035 | XXXXXX | 6.5333 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;270 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 7.1398 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 762 | XXXXXX | 6.2623 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;8 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1495 | XXXXXX | 6.5153 | Unemployed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;49 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.7458 | 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 | 43728.67 | XXXXXX | 6.457 | 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 | 7455 | XXXXXX | 6.8196 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;50 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.0571 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;11 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 5.7227 | 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 | 1720 | XXXXXX | 6.0402 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;13 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 4135.27 | XXXXXX | 6.1683 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 3322.19 | XXXXXX | 6.5242 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;15 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 6165 | XXXXXX | 5.0183 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 11809.81 | XXXXXX | 5.7118 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;17 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 21708.75 | XXXXXX | 5.821 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;18 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 12674.49 | XXXXXX | 5.9818 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;19 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 795 | XXXXXX | 6.0084 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 18790 | XXXXXX | 6.1535 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 124 | XXXXXX | 6.1008 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;21 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1790 | XXXXXX | 6.2743 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;109 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1415 | XXXXXX | 6.0114 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |

---

------

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Loan Level<br>ATR/QM<br>Status** | **Application<br>Date Prior<br>to 1/10/2014** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **GSE<br>Eligible** | **QRM<br>Flag** | **ATR/QM<br>Total<br>Points<br>and<br>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;53 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1790 | XXXXXX | 6.1492 | 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 | 1245 | XXXXXX | 6.5111 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;22 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 5.8811 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;23 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 12500 | XXXXXX | 5.4591 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;24 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 11012.51 | XXXXXX | 5.9914 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;25 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 5.3873 | 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 | 1795 | XXXXXX | 6.0259 | 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 | 0 | XXXXXX | 5.8775 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;106 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1350 | XXXXXX | 5.8872 | 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 | 1395 | XXXXXX | 5.3823 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;55 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1990 | XXXXXX | 6.028 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;28 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1039.73 | XXXXXX | 6.0164 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 5020 | XXXXXX | 5.9148 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;30 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2440 | XXXXXX | 6.014 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1499 | XXXXXX | 5.8968 | Employed | Employed | U.S. Citizen | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;105 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1499 | XXXXXX | 6.0055 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;31 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1690 | XXXXXX | 6.1438 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;57 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2537 | XXXXXX | 6.03 | Employed | (No Data) | Non-Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 12579.65 | XXXXXX | 5.86 | 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 | 1699 | XXXXXX | 5.7669 | 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 | 12455 | XXXXXX | 5.8632 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2200 | XXXXXX | 5.3879 | Employed | (No Data) | Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;58 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1675 | XXXXXX | 6.01 | 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 | 3251 | XXXXXX | 6.143 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;37 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 16775 | XXXXXX | 5.9648 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;38 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 16083.6 | XXXXXX | 6.0146 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |

---

------

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Loan Level<br>ATR/QM<br>Status** | **Application<br>Date Prior<br>to 1/10/2014** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **GSE<br>Eligible** | **QRM<br>Flag** | **ATR/QM<br>Total<br>Points<br>and<br>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;39 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1990 | XXXXXX | 5.9037 | Employed | (No Data) | Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;59 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 3624.41 | XXXXXX | 6.1495 | 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 | 1615 | XXXXXX | 6.142 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;60 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1690 | XXXXXX | 6.1472 | Employed | 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 | 0 | XXXXXX | 6.256 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;61 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 164 | XXXXXX | 6.2473 | Employed | Retired | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1735 | XXXXXX | 5.1453 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1036.8 | XXXXXX | 5.89 | Unemployed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 15728.76 | XXXXXX | 6.146 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1695 | XXXXXX | 5.9274 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;64 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1595 | XXXXXX | 6.2909 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;43 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 3069.4 | XXXXXX | 6.2798 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;65 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2225 | XXXXXX | 6.2592 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;103 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 164 | XXXXXX | 5.8436 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 0 | XXXXXX | 5.7166 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1390 | XXXXXX | 6.3918 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 5.8827 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1576 | XXXXXX | 6.2288 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 3707.22 | XXXXXX | 6.1932 | 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 | 1670 | XXXXXX | 6.0157 | Employed | (No Data) | Non-Permanent Resident Alien | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 15555 | XXXXXX | 6.3592 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;120 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1570 | XXXXXX | 6.1698 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;69 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2480 | XXXXXX | 6.1377 | Employed | Employed | Non-Permanent Resident Alien | Non-Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;98 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.0212 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;70 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 164 | XXXXXX | 6.1237 | 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 | 13125 | XXXXXX | 6.5535 | Employed | Employed | Permanent Resident Alien | Permanent Resident Alien | (No Data) | No | 0 |

---

------

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Loan Level<br>ATR/QM<br>Status** | **Application<br>Date Prior<br>to 1/10/2014** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **GSE<br>Eligible** | **QRM<br>Flag** | **ATR/QM<br>Total<br>Points<br>and<br>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;45 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 7734.2 | XXXXXX | 5.4394 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;100 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1499 | XXXXXX | 6.2607 | 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 | 1805 | XXXXXX | 6.5147 | 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 | 28798.23 | XXXXXX | 6.2491 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;46 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2274 | XXXXXX | 6.3853 | 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 | 1471.24 | XXXXXX | 6.232 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;97 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 865 | XXXXXX | 6.0081 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1050 | XXXXXX | 6.2555 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;77 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2165 | XXXXXX | 6.2654 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1900 | XXXXXX | 6.2796 | Employed | Employed | U.S. Citizen | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 4778 | XXXXXX | 6.071 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;96 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1250 | XXXXXX | 6.1129 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1200 | XXXXXX | 6.267 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1585 | XXXXXX | 5.5375 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1395 | XXXXXX | 6.1422 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1555 | XXXXXX | 5.9908 | 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 | 1599 | XXXXXX | 6.1421 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;92 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1159.06 | XXXXXX | 6.3894 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 12335 | XXXXXX | 6.2679 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;129 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 11710 | XXXXXX | 6.249 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;93 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1650 | XXXXXX | 6.2699 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;83 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1395 | XXXXXX | 6.1362 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;84 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1686 | XXXXXX | 6.2732 | 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 | 1295 | XXXXXX | 6.3 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;86 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 397.1 | XXXXXX | 6.2706 | 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 | 20574 | XXXXXX | 6.5937 | Unemployed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;130 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 10490 | XXXXXX | 6.4849 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |

---

------

---

| | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Loan Level<br>ATR/QM<br>Status** | **Application<br>Date Prior<br>to 1/10/2014** | **Lender<br>Application<br>Date** | **Broker<br>Application<br>Date** | **GSE<br>Eligible** | **QRM<br>Flag** | **ATR/QM<br>Total<br>Points<br>and<br>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;87 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 9930.95 | XXXXXX | 6.1967 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1890 | XXXXXX | 6.5751 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 1490 | XXXXXX | 6.659 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 48295 | XXXXXX | 6.2162 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 2545 | XXXXXX | 6.6885 | Unemployed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;114 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.3448 | Retired | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;124 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 12300 | XXXXXX | 6.4677 | Employed | Employed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;81 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 12926 | XXXXXX | 6.0098 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | Yes | Yes | 4588.52 | XXXXXX | 6.6561 | Employed | Unemployed | U.S. Citizen | U.S. Citizen | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;118 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 1495 | XXXXXX | 6.1457 | Employed | Employed | Permanent Resident Alien | Permanent Resident Alien | (No Data) | No | 0 |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | QM: Safe Harbor (APOR) | No | XXXXXX | XXXXXX | No | Yes | 0 | XXXXXX | 6.3599 | Employed | (No Data) | U.S. Citizen | (No Data) | (No Data) | No | 0 |

---

## Exhibit 99.4

**EXHIBIT 99.4** 

**CLAYTON LOAN LEVEL TAPE COMPARE UPLOAD** 

------

---

| | |
|:---|:---|
| **Client Name:** | PennyMac |
| **Client Project Name:** | PNMAC PMTLT 2026-J3 Sec_J16709 |

---

**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;1 | XXXXXX | XXXXXX | Borrower 1 Self Employed Flag | Yes | No |
| &nbsp;&nbsp;&nbsp;1 | XXXXXX | XXXXXX | Borrower 2 Self Employed Flag | Yes | No |
| &nbsp;&nbsp;&nbsp;1 | XXXXXX | XXXXXX | Loan Purpose | Rate and Term Refi | Construction/Perm |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | XXXXXX | Borrower 2 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;2 | XXXXXX | XXXXXX | Cash Reserves | 1437343.27 | 322537.61 |
| &nbsp;&nbsp;&nbsp;4 | XXXXXX | XXXXXX | Cash Reserves | 513427.04 | 275934.75 |
| &nbsp;&nbsp;&nbsp;47 | XXXXXX | XXXXXX | Cash Reserves | 403763.05 | 91312.44 |
| &nbsp;&nbsp;&nbsp;270 | XXXXXX | XXXXXX | Cash Reserves | 275360.03 | 198164.06 |
| &nbsp;&nbsp;&nbsp;48 | XXXXXX | XXXXXX | Cash Reserves | 346551.09 | 141545.66 |
| &nbsp;&nbsp;&nbsp;8 | XXXXXX | XXXXXX | Cash Reserves | 569516.28 | 68571.09 |
| &nbsp;&nbsp;&nbsp;49 | XXXXXX | XXXXXX | Cash Reserves | 516783.37 | 133727.10 |
| &nbsp;&nbsp;&nbsp;9 | XXXXXX | XXXXXX | Cash Reserves | 206910.77 | 135781.75 |
| &nbsp;&nbsp;&nbsp;9 | XXXXXX | XXXXXX | Original Appraisal Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;10 | XXXXXX | XXXXXX | Cash Reserves | 331876.31 | 167060.04 |
| &nbsp;&nbsp;&nbsp;50 | XXXXXX | XXXXXX | Cash Reserves | 459959.40 | 275506.97 |
| &nbsp;&nbsp;&nbsp;12 | XXXXXX | XXXXXX | Cash Reserves | 874165.11 | 563311.17 |
| &nbsp;&nbsp;&nbsp;13 | XXXXXX | XXXXXX | Cash Reserves | 228080.99 | 40699.44 |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Jun 93) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;14 | XXXXXX | XXXXXX | Property Type | Rowhouse | Low Rise Condo (1-4) |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | XXXXXX | Cash Reserves | 148892.69 | 410550.27 |
| &nbsp;&nbsp;&nbsp;16 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 38.7590 | 28.0507 |
| &nbsp;&nbsp;&nbsp;19 | XXXXXX | XXXXXX | Cash Reserves | 223023.15 | 157039.54 |
| &nbsp;&nbsp;&nbsp;51 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;52 | XXXXXX | XXXXXX | Cash Reserves | 392933.82 | 166692.05 |
| &nbsp;&nbsp;&nbsp;21 | XXXXXX | XXXXXX | Cash Reserves | 877430.11 | 428308.03 |
| &nbsp;&nbsp;&nbsp;53 | XXXXXX | XXXXXX | Cash Reserves | 803932.22 | 440854.48 |
| &nbsp;&nbsp;&nbsp;23 | XXXXXX | XXXXXX | Cash Reserves | 425367.26 | 79916.59 |
| &nbsp;&nbsp;&nbsp;25 | XXXXXX | XXXXXX | Borrower 1 Self Employed Flag | Yes | No |
| &nbsp;&nbsp;&nbsp;25 | XXXXXX | XXXXXX | Cash Reserves | 194278.91 | 316376.84 |
| &nbsp;&nbsp;&nbsp;54 | XXXXXX | XXXXXX | Cash Reserves | 1702402.49 | 1004025.70 |
| &nbsp;&nbsp;&nbsp;26 | XXXXXX | XXXXXX | Cash Reserves | 347551.72 | 170511.68 |
| &nbsp;&nbsp;&nbsp;27 | XXXXXX | XXXXXX | Cash Reserves | 341823.03 | 206544.34 |
| &nbsp;&nbsp;&nbsp;55 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Jun 93) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;55 | XXXXXX | XXXXXX | Property Type | Rowhouse | Low Rise Condo (1-4) |
| &nbsp;&nbsp;&nbsp;29 | XXXXXX | XXXXXX | Cash Reserves | 698868.21 | 381305.77 |
| &nbsp;&nbsp;&nbsp;30 | XXXXXX | XXXXXX | Borrower 1 Self Employed Flag | No | Yes |
| &nbsp;&nbsp;&nbsp;56 | XXXXXX | XXXXXX | Cash Reserves | 406649.97 | 90153.86 |
| &nbsp;&nbsp;&nbsp;105 | XXXXXX | XXXXXX | Cash Reserves | 167885.35 | 89135.35 |
| &nbsp;&nbsp;&nbsp;32 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;33 | XXXXXX | XXXXXX | Cash Reserves | 301250.00 | 86007.21 |
| &nbsp;&nbsp;&nbsp;34 | XXXXXX | XXXXXX | Cash Reserves | 410000.00 | 85302.32 |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | XXXXXX | Cash Reserves | 545006.04 | 145483.36 |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | XXXXXX | Property Type | Low Rise Condo (1-4) | Detached PUD |
| &nbsp;&nbsp;&nbsp;35 | XXXXXX | XXXXXX | Sales Price | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;36 | XXXXXX | XXXXXX | Property Type | SFR | Detached PUD |
| &nbsp;&nbsp;&nbsp;37 | XXXXXX | XXXXXX | Cash Reserves | 863411.74 | 521345.81 |
| &nbsp;&nbsp;&nbsp;38 | XXXXXX | XXXXXX | Cash Reserves | 298092.33 | 2289688.20 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Borrower<br>Last Name** | **Field Name** | **Tape Data** | **Reviewer Data** |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | AUS Grade Audit | Approve/Ineligible DU/DO AUS Only | Accept Ineligible — LP AUS Only |
| &nbsp;&nbsp;&nbsp;39 | XXXXXX | XXXXXX | Cash Reserves | 1068268.08 | 305888.01 |
| &nbsp;&nbsp;&nbsp;40 | XXXXXX | XXXXXX | Cash Reserves | 371998.00 | 108527.56 |
| &nbsp;&nbsp;&nbsp;60 | XXXXXX | XXXXXX | Cash Reserves | 1904698.40 | 987664.20 |
| &nbsp;&nbsp;&nbsp;60 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;41 | XXXXXX | XXXXXX | Cash Reserves | 509764.00 | 240284.52 |
| &nbsp;&nbsp;&nbsp;61 | XXXXXX | XXXXXX | Cash Reserves | 410966.77 | 94231.55 |
| &nbsp;&nbsp;&nbsp;42 | XXXXXX | XXXXXX | Cash Reserves | 678084.36 | 207097.29 |
| &nbsp;&nbsp;&nbsp;122 | XXXXXX | XXXXXX | Borrower 1 Total Income | 1859.00 | 0.00 |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | XXXXXX | Original Appraisal Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;117 | XXXXXX | XXXXXX | Property Type | Low Rise Condo (1-4) | Mid Rise Condo (5-8) |
| &nbsp;&nbsp;&nbsp;63 | XXXXXX | XXXXXX | Cash Reserves | 1450719.00 | 734045.76 |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Jun 93) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;104 | XXXXXX | XXXXXX | Property Type | Rowhouse | Low Rise Condo (1-4) |
| &nbsp;&nbsp;&nbsp;121 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 38.0940 | 25.1449 |
| &nbsp;&nbsp;&nbsp;101 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;66 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Jun 93) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;67 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Jun 93) | 1073 Condo (Mar 05) |
| &nbsp;&nbsp;&nbsp;68 | XXXXXX | XXXXXX | Cash Reserves | 1622572.34 | 607440.01 |
| &nbsp;&nbsp;&nbsp;44 | XXXXXX | XXXXXX | Cash Reserves | 733665.07 | 338210.38 |
| &nbsp;&nbsp;&nbsp;69 | XXXXXX | XXXXXX | Cash Reserves | 1057096.64 | 102879.65 |
| &nbsp;&nbsp;&nbsp;70 | XXXXXX | XXXXXX | Cash Reserves | 1300989.78 | 914746.84 |
| &nbsp;&nbsp;&nbsp;71 | XXXXXX | XXXXXX | Cash Reserves | 243717.50 | 126412.56 |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | XXXXXX | Borrower 1 Total Income | 32162.26 | 44935.02 |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | XXXXXX | Cash Reserves | 326959.89 | 29504.57 |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 25.1120 | 17.9736 |
| &nbsp;&nbsp;&nbsp;45 | XXXXXX | XXXXXX | Total Monthly Income | 32162.26 | 44935.02 |
| &nbsp;&nbsp;&nbsp;73 | XXXXXX | XXXXXX | Cash Reserves | 606007.95 | 94426.84 |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | Cash Reserves | 550000.00 | 213531.10 |
| &nbsp;&nbsp;&nbsp;74 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;46 | XXXXXX | XXXXXX | Cash Reserves | 999534.15 | 702967.70 |
| &nbsp;&nbsp;&nbsp;75 | XXXXXX | XXXXXX | Cash Reserves | 523112.00 | 110568.10 |
| &nbsp;&nbsp;&nbsp;76 | XXXXXX | XXXXXX | Cash Reserves | 3708552.47 | 1588048.49 |
| &nbsp;&nbsp;&nbsp;95 | XXXXXX | XXXXXX | Cash Reserves | 386381.28 | 124007.73 |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | XXXXXX | Cash Reserves | 2372845.48 | 446909.86 |
| &nbsp;&nbsp;&nbsp;78 | XXXXXX | XXXXXX | Property Type | SFR-Attached | SFR |
| &nbsp;&nbsp;&nbsp;89 | XXXXXX | XXXXXX | Cash Reserves | 1037641.91 | 155837.23 |
| &nbsp;&nbsp;&nbsp;90 | XXXXXX | XXXXXX | Cash Reserves | 189840.94 | 244987.88 |
| &nbsp;&nbsp;&nbsp;135 | XXXXXX | XXXXXX | Cash Reserves | 487728.41 | 287728.41 |
| &nbsp;&nbsp;&nbsp;91 | XXXXXX | XXXXXX | Cash Reserves | 186450.77 | 4391173.71 |
| &nbsp;&nbsp;&nbsp;79 | XXXXXX | XXXXXX | Cash Reserves | 1364029.00 | 804442.41 |
| &nbsp;&nbsp;&nbsp;134 | XXXXXX | XXXXXX | Cash Reserves | 346542.50 | 76346.05 |
| &nbsp;&nbsp;&nbsp;93 | XXXXXX | XXXXXX | Cash Reserves | 130230.10 | 85230.10 |
| &nbsp;&nbsp;&nbsp;85 | XXXXXX | XXXXXX | Cash Reserves | 385825.95 | 114699.88 |
| &nbsp;&nbsp;&nbsp;125 | XXXXXX | XXXXXX | Appraisal Form Type | 1004 SFR (Mar 05) | 1025 Multi-Fam (Mar 05) |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;119 | XXXXXX | XXXXXX | Debt to Income Ratio (Back) | 33.4360 | 26.8133 |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | XXXXXX | Credit Report Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;115 | XXXXXX | XXXXXX | Original Appraisal Date | XXXXXX | XXXXXX |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | XXXXXX | Borrower 1 Total Income | 23385.38 | '-66.67 |
| &nbsp;&nbsp;&nbsp;80 | XXXXXX | XXXXXX | Cash Reserves | 29914.45 | 74640.10 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan<br>Number** | **Borrower<br>Last Name** | **Field Name** | **Tape Data** | **Reviewer Data** |
| &nbsp;&nbsp;&nbsp;114 | XXXXXX | XXXXXX | Borrower 2 Self Employed Flag | Yes | No |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | XXXXXX | Cash Reserves | 273111.64 | 186512.96 |
| &nbsp;&nbsp;&nbsp;82 | XXXXXX | XXXXXX | Property Type | Low Rise Condo (1-4) | Site Condo |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | XXXXXX | AUS Grade Audit | Accept LP AUS Only | Approve/Ineligible DU/DO AUS Only |
| &nbsp;&nbsp;&nbsp;131 | XXXXXX | XXXXXX | Cash Reserves | 152558.05 | 100572.43 |

---

<sup>©</sup> 2026 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.

## Exhibit 99.5

**EXHIBIT 99.5** 

**CLAYTON VALUATIONS SUMMARY** 

------

---

| | |
|:---|:---|
| **Client Name:** | PennyMac |
| **Client Project Name:** | PNMAC PMTLT 2026-J3 Sec_J16709 |
| **Valuations Summary** |  |
| *Loans In Report:* | *115* |

---

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **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** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1 | 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; 2 | 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; 4 | 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; 5 | 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% | 3.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; 47 | 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; 270 | 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; 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% | 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; 49 | 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; 9 | 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; 10 | 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; 50 | 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; 11 | 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; 12 | 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; 13 | 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% | (No<br>Data) |
| &nbsp;&nbsp;&nbsp;&nbsp; 14 | 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; 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% | 1 |
| &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% | 2.8 |
| &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% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 18 | 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; 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; 51 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 11.11% | 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; 52 | 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; 21 | 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 | -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% | 2.9 |
| &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% | 3.9 |
| &nbsp;&nbsp;&nbsp;&nbsp; 53 | 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; 107 | 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; 22 | 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; 23 | 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; 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% | 1.9 |
| &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% | 4.1 |
| &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% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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% | 4 |
| &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% |  |  |  | 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; 27 | 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% | 4.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; 55 | 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; 28 | 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; 29 | 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; 30 | 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; 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% | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp; 105 | 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 |

---

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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** |
| &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% |  |  |  | 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; 57 | 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; 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% | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp; 33 | 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; 34 | 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; 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% | 2.5 |
| &nbsp;&nbsp;&nbsp;&nbsp; 58 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 9.26% | 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; 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% | 2.9 |
| &nbsp;&nbsp;&nbsp;&nbsp; 37 | 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; 38 | 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; 39 | 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 | -3.16% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 59 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -1.35% | 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% | 3.8 |
| &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% | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp; 60 | 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; 41 | 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; 61 | 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; 42 | 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; 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% | 2.5 |
| &nbsp;&nbsp;&nbsp;&nbsp; 117 | 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; 63 | 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; 64 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  |  |  |  |  |  | $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; 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 |
| &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% | 4.5 |
| &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% | 1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; 104 | 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% | 4.6 |
| &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% | 2.9 |
| &nbsp;&nbsp;&nbsp;&nbsp; 101 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 2.65% | 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% | 2.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; 66 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1073 Condo<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -4.44% | XXXXXX | 16.000 |  | XXXXXX | XXXXXX | XXXXXX | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | (No<br>Data) |
| &nbsp;&nbsp;&nbsp;&nbsp; 67 | 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 | -5.88% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 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% | 1 |
| &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% |  |  |  | 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; 120 | 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% | 1.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; 69 | 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; 98 | 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; 70 | 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; 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 |
| &nbsp;&nbsp;&nbsp;&nbsp; 45 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | 2.53% | XXXXXX | 6.000 | 94.00 |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  |  | $0.00 | $0.00 | 0.00% | 2.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; 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% | 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** |
| &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% | 2.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; 74 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -6.58% | 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% | 4.1 |
| &nbsp;&nbsp;&nbsp;&nbsp; 46 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 0.00% | Full<br>Appraisal |  | $0.00 | $0.00 | 0.00% |  |  |  |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 75 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -0.47% | 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% | 3.5 |
| &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% | 4.4 |
| &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 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $0.00 | $0.00 | 0.00% |  | $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; 77 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 18.52% | 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; 95 | 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; 78 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | 1.35% | 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 |
| &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% | 1.3 |
| &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% |  |  |  |  | $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% | 2.8 |
| &nbsp;&nbsp;&nbsp;&nbsp; 90 | 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; 135 | 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; 91 | 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% | 3.1 |
| &nbsp;&nbsp;&nbsp;&nbsp; 79 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  |  | $0.00 | $0.00 | 0.00% |  | XXXXXX | XXXXXX | XXXXXX | -7.29% | 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% | 4.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; 92 | 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; 134 | 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; 129 | 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% | 1.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; 93 | 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 | -100.00% |  | $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% | 5 |
| &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% |  |  |  | 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; 84 | 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; 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% | 2.5 |
| &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 |
| &nbsp;&nbsp;&nbsp;&nbsp; 113 | 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; 130 | 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; 87 | 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; 125 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1025<br>Multi-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; 119 | 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; 115 | XXXXXX |  | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 1004 SFR<br>(Mar 05) |  |  | XXXXXX | XXXXXX | XXXXXX | 8.09% | 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; 80 | 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; 114 | 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; 124 | 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; 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% | 3.5 |
| &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% |  |  |  | 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; 118 | 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; 131 | 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 |

---

*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** 

**CONSOLIDATED ANALYTICS, INC. ("CONSOLIDATED ANALYTICS") DUE DILIGENCE EXECUTIVE SUMMARY** 

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![LOGO](g200558g33z21.jpg)

**EXECUTIVE SUMMARY** 

**THIRD PARTY DUE DILIGENCE REVIEW** 

**May 13, 2026** 

**Overview** 

Consolidated Analytics, Inc ("Consolidated Analytics"), a third-party due diligence provider, performed the review described below on residential mortgage loans acquired by PennyMac Corp. (the "Client"). The review included a total of 128 residential mortgage loans in connection with the securitization identified as PMTLT 2026-J3 (the "Securitization"). The Review was conducted from February 2026 and May 2026 on mortgage loans originated between December 2025 and April 2026.

**Scope of Review** 

**Credit Review** 

Consolidated Analytics performed a "Credit Review" to verify compliance with guidelines in effect at the time of loan origination, or other guidelines provided by Client prior to review, and ensure the characteristics used by the underwriter are supported by the file documentation; and determine whether any loans outside of those guidelines contain legitimate and approved exceptions with compensating factors.

The Credit Review attempted to confirm the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. QM or ATR Validation / Review of 8 Key Underwriting Factors

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Income / Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Validate borrower(s) monthly gross income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Validate funds required to close, required reserves

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Review file documentation for required level of income and asset verifications

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Employment Status

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Review file documentation for required level of employment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Monthly Mortgage Payment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Confirm program, qualifying rate, terms

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Simultaneous Loans

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Validate all concurrent loans are included in the DTI to properly assess the ability to repay

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Mortgage Related Obligations: PITI, HOA, PMI, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Validate subject loan monthly payment (PITI) and associated obligations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Debts / Obligations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Validate monthly recurring liabilities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. DTI and/or Residual Income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Validate debt-to-income ratio
(DTI) based upon income and debt documentation provided in the file

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Documentation meets Appendix Q requirements for QM Loans

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. Credit History

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Review credit report for credit history and required credit depth including any / all inquiries

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Determine representative credit score from credit report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Validate loan-to-value (LTV)
and combined loan-to-value

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Review borrower's occupancy

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Validation through third party resource of the subject properties most recent twelve (12) month sales
history

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Confirm sufficient evidence in loan file, by reviewing the underwriter's decision to approve the loan
based upon the borrows income, debt, and credit history, to support borrower's willingness and ability to repay the debt

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Confirm that Final 1003 is sufficiently completed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Provide Audit 1008 with accurate data based on file documentation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Confirm Loan Approval conditions were met

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Review condominium questionnaire to verify all information is complete, prepared by an authorized
representative, and address any red flags that may deem condominium project ineligible

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. General QM for any loans originated under the GQM Rule

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Pricing Thresholds:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Pricing for First Lien Loans:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 2.25% for a first-lien covered transaction with a loan amount greater than or equal to the applicable dollar
amount threshold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 3.5% for a first-lien covered transaction with a loan amount greater than or equal to the applicable dollar
amount threshold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. 6.5% for a first-lien covered transaction with a loan amount less than the applicable dollar amount threshold.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Pricing for Subordinate Lien Loans:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 3.5% for a subordinate-lien covered transaction with a loan amount greater than or equal to the applicable
dollar amount threshold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 6.5% for a subordinate-lien covered transaction with a loan amount less than the applicable dollar amount
threshold.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Pricing for Manufactured Homes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 2.25% for a first-lien covered transaction secured by a manufactured home with a loan amount equal to or
greater than the applicable dollar amount threshold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 6.5% for a covered transaction secured by a manufactured home with a loan amount less than applicable dollar
amount threshold.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Consider Income and Assets:

<sup>○</sup> Consumer's current or reasonably expected income or assets (other than the value of the dwelling that secures the loan;

<sup>○</sup> The consumer's debt obligations, alimony, child support; and

<sup>○</sup> The monthly DTI or residual income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Verification of Income and Assets:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Verification in compliance with one of the "safe harbor" guidelines will meet the QM verification
requirement. A creditor is allowed to "mix and match" provisions of the different guidelines rather than only apply one guideline per loan.

The specific guidelines that the CFPB is designating for the safe harbor are: The GQM Rule provides that if the creditor verifies the consumer's income or assets, debt obligations, alimony, child support, and monthly DTI or residual income by meeting the standards of certain specified third-party underwriting manuals, then a creditor is presumed to have complied with the verification requirement. These specified manuals are:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Chapters B3-3 through B3-6 of
the Fannie Mae Single Family Selling Guide, published June 3, 2020;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Sections 5102 through 5500 of the Freddie Mac Single-Family Seller/Servicer Guide, published June 10,
2020;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Sections II.A.1 and II.A.4-5 of the Federal Housing
Administration's Single Family Housing Policy Handbook, issued October 24, 2019;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Chapter 4 of the U.S. Department of Veterans Affairs' Lenders Handbook, revised February 22, 2019;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Chapter 4 of the U.S. Department of Agriculture's Field Office Handbook for the Direct Single Family
Housing Program, revised March 15, 2019; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Chapters 9 through 11 of the U.S. Department of Agriculture's Handbook for the Single Family Guaranteed
Loan Program, revised March 19, 2020.

**Compliance Review** 

Consolidated Analytics performed a "Compliance Review" to determine, as applicable, to the extent possible and subject to the caveats below, whether the loan complies with applicable regulatory requirements as noted below, each as amended, restated and/or replaced from time to time. In relation to cash out refinances of investment property loans, documentation provided in the loan file will be reviewed only to validate the use of cash out proceeds for business purposes at the origination/consummation of the loan. In the event use of proceeds cannot be validated, or are deemed to be utilized for consumer purposes, the loan would then be subject to a "Compliance Review" of applicable regulatory requirements as noted below, each as amended, restated and/or replaced from time to time. The Compliance Review included the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Test Loan Estimate(s) for accuracy and completeness as well as timing requirements as required by TRID
Regulations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Test Closing Disclosure(s) for accuracy and completeness as well as timing requirements as required by TRID
Regulations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Tolerance Testing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Compare Loan Estimate and Closing Disclosures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Identify Tolerance Violations and applicable cost to cure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Comprehensive review of Closing Disclosure to determine transaction accuracy

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Recalculation of APR and Finance Charge

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Testing of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Federal High Cost Mortgage provisions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Federal Higher Priced Mortgage Loans provisions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Local and/or State Anti-predatory and High Cost provisions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. HOEPA Points and Fees

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Determine whether specified federal disclosures were provided timely based upon comparison of the application
date to the dates on such disclosures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Service Provider List

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Home Ownership Counselling Disclosure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. ARM Disclosure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Compliance with QM as it relates to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. APR Test

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Points & Fees Test

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Prepayment Penalty Test

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Product Eligibility Testing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Notice of Right to Cancel (Rescission) Review

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Confirm transaction date, expiration date, and disbursement date

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Confirm document is properly executed by all required parties to the transaction

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Confirm the correct Right of Rescission document was executed for the transaction type

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Confirm through NMLS the loan originator and originating firm's license status was active and properly
disclosed on appropriate loan documents

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Check the Loan participants against the exclusionary list provided by Client or by the purchaser of the Loan(s)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. Review closing documents to ensure that the Mortgage Loan information is complete, accurate, and consistent
with other documents; Confirm collateral documents have been recorded or sent for recording

The Compliance Review did not include any federal, state or local laws, constitutional provisions, regulations or ordinances that are not expressly enumerated above. Furthermore, the findings reached by Consolidated Analytics are dependent upon its receiving complete and accurate data regarding the loans from loan originators and other third parties upon which Consolidated Analytics is relying in reaching such findings.

**Valuation Review** 

Consolidated Analytics performed a "Valuation Review," which included the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Review original appraisal, determination that property is in "average" condition or better, or
property requires cosmetic improvements (as defined by the appraiser) that do not affect habitability. Should an area of concern be identified with the condition of the property, Consolidated Analytics will alert Client.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Review appraisal, determination that property is completely constructed and appraisal is on an "as is
basis," or property is identified as not completely constructed by originating appraiser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Review and determine if the appraisal report was performed on appropriate GSE forms and if the appraiser
indicated in the body of the subject appraisal that the appraisal conforms to USPAP standards.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Review and determine the relevance of the comparable properties and ensure that a rational and reliable value
was provided and supported as of the effective date of the Origination Appraisal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Review adjustments (line item, net and gross adjustments) to ensure they are reasonable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Ensure that the appraisal conforms to the guidelines provided from the Client.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Review appraisal to ensure all required documents were included.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Review location map provided within the appraisal for external obsolescence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Ensure highest and best use and zoning complies with guidelines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Confirm there are no marketability issues that affect the subject property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Ensure subject property does not suffer any functional obsolescence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. Where applicable, determine if the file did not contain the appraisal or other valuation method and a review
could not be performed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m. Additional valuation products were not required when the CU score provided was 2.5 or below. In the event the
CU score was greater than 2.5, an additional valuation product was obtained to confirm value was supported within 10% tolerance. In some instances, CDA's were ordered on loans that had an acceptable CU score based on guidance from the seller.

Consolidated Analytics applied a cascade methodology to determine if the original appraised value was reasonably supported when compared to an independent third party valuation product.

------

For loans reviewed in a post-close valuation review scenario (128 loans in total):

Sixty-eight (68) loans had an AVM, four (4) loans had a Secondary Appraisal, thirty (30) loans had Desktop Reviews, and one (1) loan had a Field Review. Consolidated Analytics has independent access to the Desktop Reviews ordered by the Client.

If a loan with an AVM or Desktop Review fell outside of a -10% tolerance, had a confidence score less than 87, or was inconclusive, then a CDA, Field Review or a 2nd Appraisal (Secondary Appraisal or Exterior Only Appraisal) was completed. There were eighteen (18) occurrences of this.

There were zero (0) PIW loans.

**Product totals may not sum due to multiple products for each loan** 

**TAPE INTEGRITY REVIEW RESULTS SUMMARY** 

Of the one hundred twenty-eight (128) mortgage loans reviewed, forty-four (44) unique mortgage loans (34.38% by loan count) had a total of forty-nine (49) discrepancies across nine (9) data fields. A blank or zero value on the data tape when an actual value was captured by Consolidated Analytics was not treated as a data variance.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Fields Reviewed** | **Discrepancy <br> Count** | **Percentage** |
| &nbsp;&nbsp;&nbsp; QM Qualifying Total Debt Income Ratio | 33 | 67.35% |
| &nbsp;&nbsp;&nbsp; Qualifying Total Debt Income Ratio | 3 | 6.12% |
| &nbsp;&nbsp;&nbsp; Application Date | 3 | 6.12% |
| &nbsp;&nbsp;&nbsp; First Payment Date | 3 | 6.12% |
| &nbsp;&nbsp;&nbsp; Note Date | 2 | 4.08% |
| &nbsp;&nbsp;&nbsp; Property Type | 2 | 4.08% |
| &nbsp;&nbsp;&nbsp; Refinance Type | 1 | 2.04% |
| &nbsp;&nbsp;&nbsp; Qualifying FICO | 1 | 2.04% |
| &nbsp;&nbsp;&nbsp; Property Zip Code | 1 | 2.04% |
| &nbsp;&nbsp;&nbsp; **Grand Total** | **49** | **100.00%** |

---

**Summary of Results** 

**OVERALL RESULTS SUMMARY** 

**Final Loan Grades** 

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Overall Loan Results:** | &nbsp;&nbsp;**Overall Loan Results:** | &nbsp;&nbsp;**Overall Loan Results:** | &nbsp;&nbsp;**Overall Loan Results:** |
| &nbsp;&nbsp;&nbsp; **Event Grade** | **Loan Count** | **Original Principal Balance** | **Percent of** <br> **Sample** |
| &nbsp;&nbsp;&nbsp;Event Grade A | 81 | $107515035.00 | 63.28% |
| &nbsp;&nbsp;&nbsp;Event Grade B | 47 | $55318779.00 | 36.72% |
| &nbsp;&nbsp;&nbsp;Event Grade C | 0 | $0.00 | 0% |
| &nbsp;&nbsp;&nbsp;Event Grade D | 0 | $0.00 | 0% |
| &nbsp;&nbsp;&nbsp;**Total Sample** | 128 | $162833814.00 | 100.00% |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Credit Results:** | &nbsp;&nbsp;&nbsp;**Credit Results:** | &nbsp;&nbsp;&nbsp;**Credit Results:** |
| &nbsp;&nbsp;&nbsp; Event Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loan Count | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percent of Sample |
| &nbsp;&nbsp;&nbsp;Event Grade A | 121 | 94.53% |
| &nbsp;&nbsp;&nbsp;Event Grade B | 7 | 5.47% |
| &nbsp;&nbsp;&nbsp;Event Grade C | 0 | 0% |
| &nbsp;&nbsp;&nbsp;Event Grade D | 0 | 0% |
| &nbsp;&nbsp;&nbsp;**Total Sample** | 128 | 100.00% |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Compliance Results:** | &nbsp;&nbsp;&nbsp;**Compliance Results:** | &nbsp;&nbsp;&nbsp;**Compliance Results:** |
| &nbsp;&nbsp;&nbsp; Event Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loan Count | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percent of Sample |
| &nbsp;&nbsp;&nbsp;Event Grade A | 87 | 67.97% |
| &nbsp;&nbsp;&nbsp;Event Grade B | 41 | 32.03% |
| &nbsp;&nbsp;&nbsp;Event Grade C | 0 | 0% |
| &nbsp;&nbsp;&nbsp;Event Grade D | 0 | 0% |
| &nbsp;&nbsp;&nbsp;**Total Sample** | 128 | 100.00% |

---

---

| | | |
|:---|:---|:---|
| **Valuation Results:** | **Valuation Results:** | **Valuation Results:** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Event Grade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loan Count | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percent of Sample |
| Event Grade A | 128 | 100.00% |
| Event Grade B | 0 | 0% |
| Event Grade C | 0 | 0% |
| Event Grade D | 0 | 0% |
| **Total Sample** | 128 | 100.00% |

---

------

**Exception Category Summary** 

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

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Exception <br>Type | &nbsp;&nbsp;&nbsp;&nbsp;Exception <br>Level<br> Grade | Exception Category | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total |
|  Credit | A | <br> No Credit Findings<br>| 89 |
|  Credit | A | <br> Audited Reserves are less than Guideline Required Reserves (Number of Months)<br>| 4 |
|  Credit | A | <br> Missing Trust Agreement<br>| 3 |
|  Credit | A | <br> Borrower 2 W2/1099 Missing<br>| 3 |
|  Credit | A | <br> Audited Reserves are less than Guideline Required Reserves (Dollar Amount)<br>| 3 |
|  Credit | A | <br> AUS Partially Provided<br>| 3 |
|  Credit | A | <br> Asset 1 Does Not Meet Guideline Requirements<br>| 2 |
|  Credit | A | <br> Borrower 1 3rd Party VOE Prior to Close Missing<br>| 2 |
|  Credit | A | <br> Housing History Does Not Meet Guideline Requirements<br>| 2 |
|  Credit | A | <br> Borrower 2 Paystubs Missing<br>| 2 |
|  Credit | A | <br> Third Party Fraud Report not Provided<br>| 1 |
|  Credit | A | Asset 3 Missing<br>| 1 |
|  Credit | A | <br> Missing evidence of self employment<br>| 1 |
|  Credit | A | <br> Borrower 1 Personal Tax Returns Missing<br>| 1 |
|  Credit | A | <br> Purchase Contract is Missing<br>| 1 |
|  Credit | A | <br> Borrower 1 Photo Identification not provided<br>| 1 |
|  Credit | A | <br> Income 2 Months Income Verified is Missing<br>| 1 |
|  Credit | A | <br> Borrower 1 Tax Returns Not Signed<br>| 1 |
|  Credit | A | <br> Missing Letter of Explanation (Credit)<br>| 1 |
|  Credit | A | <br> Borrower 1 Verbal Verification of Employment does not meet guideline timing requirement<br>| 1 |
|  Credit | A | <br> Audited DTI Exceeds AUS DTI<br>| 1 |
|  Credit | A | <br> Borrower 2 3rd Party VOE Prior to Close Missing<br>| 1 |
|  Credit | A | <br> The Note is Incomplete<br>| 1 |
|  Credit | A | <br> Borrower 2 Business Tax Returns Missing<br>| 1 |
|  Credit | A | <br> Asset 2 Does Not Meet Guideline Requirements<br>| 1 |
|  Credit | A | <br> Borrower 2 CPA Letter Missing<br>| 1 |
|  Credit | A | <br> Income and Employment Do Not Meet Guidelines<br>| 1 |
|  Credit | A | <br> Borrower 2 Deed of Trust Signature does not match Note<br>| 1 |
|  Credit | A | <br> Missing Lease Agreement<br>| 1 |
|  Credit | A | <br> Borrower 2 Executed 4506-T Missing<br>| 1 |
|  Credit | A | <br> Missing Property Tax Cert<br>| 1 |
|  Credit | A | <br> Verification of Borrower Liabilities Missing or Incomplete<br>| 1 |
|  Credit | A | <br> Missing verification of taxes, insurance, and/or HOA fees for non-subject property | 1 |
|  Credit | A | <br>1-4 Family Rider is Missing<br>| 1 |
|  Credit | A | <br> PUD Rider is Missing<br>| 1 |
|  Credit | A | <br> Borrower 2 Verbal Verification of Employment does not meet GSE guideline timing requirement<br>| 1 |
|  Credit | A | <br> The Final 1003 is Incomplete<br>| 1 |
|  Credit | A | <br> Asset 1 Missing<br>| 1 |
|  Credit | A | <br> The Total Hazard Coverage is LESS than the Required Coverage Amount<br>| 1 |

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| | | |
|:---|:---|:---|
|  | <br> Hazard Insurance Effective Date is after the Disbursement Date<br>| 1 |
|  | <br> Borrower 1 Business Tax Returns Missing<br>| 1 |
|  | <br> Hazard Insurance Policy is Missing<br>| 1 |
|  | <br> Borrower 2 Personal Tax Returns Missing<br>| 1 |
|  | ***Total Credit Grade (A) Exceptions:*** | **146** |
| B | Title Coverage is Less than Subject Lien | 3 |
|  | Purchase Contract is Incomplete | 2 |
|  | Approval/Underwriting Summary Partially Provided | 1 |
|  | Audited CLTV Exceeds AUS CLTV | 1 |
|  | Audited HCLTV Exceeds AUS HCLTV | 1 |
|  | ***Total Credit Grade (B) Exceptions:*** | **8** |
| Compliance A | No Compliance Findings | 78 |
|  | Charges That Cannot Increase Test | 9 |
|  | Lender Credits That Cannot Decrease Test | 4 |
|  | Charges That In Total Cannot Increase More Than 10% Test | 3 |
|  | Initial Closing Disclosure Delivery Date Test | 2 |
|  | RESPA Homeownership Counseling Organizations Disclosure Date Test | 1 |
|  | Initial Loan Estimate Delivery Date Test (from application) | 1 |
|  | ***Total Compliance Grade (A) Exceptions:*** | **98** |
| B | Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1)) | 27 |
|  | Missing Required Affiliated Business Disclosure | 13 |
|  | Homeownership Counseling Disclosure Is Missing | 2 |
|  | Charges That In Total Cannot Increase More Than 10% Test | 2 |
|  | Charges That Cannot Increase Test | 2 |
|  | Lender Credits That Cannot Decrease Test | 1 |
|  | CA Per Diem Interest Amount Test | 1 |
|  | ***Total Compliance Grade (B) Exceptions:*** | **48** |
| Property A | No Property Findings | 123 |
|  | Appraisal incomplete (missing map, layout, pages, etc.) | 3 |
|  | Third Party Valuation Product Not Provided within 10% Tolerance | 1 |
|  | UCDP Summary Report is Missing | 1 |
|  | Property Issue(s) are Present | 1 |
|  | ***Total Property Grade (A) Exceptions:*** | **129** |

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**Event Grade Definitions** 

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;Final Loan Grade | &nbsp;&nbsp;&nbsp;Final Loan Grade |
| &nbsp;&nbsp;&nbsp;A | Loan meets Credit, Compliance, and Valuation Guidelines |
| &nbsp;&nbsp;&nbsp;B | The loan substantially meets published Client/Seller guidelines and/or eligibility in the validation of income, assets, or credit, is in material compliance with all applicable laws and regulations, and the value and valuation methodology is supported and substantially meets published guidelines. |
| &nbsp;&nbsp;&nbsp;C | The loan does not meet the published guidelines and/or violates one material law or regulation, and/or the value and valuation methodology is not supported or did not meet published guidelines. |
| &nbsp;&nbsp;&nbsp;D | Loan is missing documentation to perform a sufficient review. |

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;Credit Event Grades | &nbsp;&nbsp;&nbsp;Credit Event Grades |
| &nbsp;&nbsp;&nbsp;A | The loan meets the published guidelines without any exceptions. The employment, income, assets and occupancy are supported and justifiable. The borrower's willingness and ability to repay the loan is documented and reasonable. |
| &nbsp;&nbsp;&nbsp;B | The loan substantially meets the published guidelines but reasonable compensating factors were considered and documented for exceeding published guidelines. The employment, income, assets and occupancy are supported and justifiable. The borrower's willingness and ability to repay the loan is documented and reasonable. |
| &nbsp;&nbsp;&nbsp;C | The loan does not substantially meet the published guidelines. There are not sufficient compensating factors that justify exceeding the published guidelines. The employment, income, assets or occupancy are not supported and justifiable. The borrower's willingness and ability to repay the loan were not documented or are unreasonable. |
| &nbsp;&nbsp;&nbsp;D | There was not sufficient documentation to perform a review or the credit file was not furnished. |

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Compliance Event Grades** | &nbsp;&nbsp;&nbsp;**Compliance Event Grades** |
| &nbsp;&nbsp;&nbsp;A | The loan is in compliance with all applicable laws and regulations. The legal documents accurately reflect the agreed upon loan terms and are executed by all applicable parties. |
| &nbsp;&nbsp;&nbsp;B | The loan is in material compliance with all applicable laws and regulations. The legal documents accurately reflect the agreed upon loan terms and are executed by all applicable parties. Client review required. |
| &nbsp;&nbsp;&nbsp;C | The loan violates one material law or regulation. The material disclosures are absent or the legal documents do not accurately reflect the agreed upon loan terms or all required applicants did not execute the documents. |
| &nbsp;&nbsp;&nbsp;D | There was not sufficient documentation to perform a review or the required legal documents were not furnished. |

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Valuation Event Grades** | &nbsp;&nbsp;&nbsp;**Valuation Event Grades** |
| &nbsp;&nbsp;&nbsp;A | The value is supported within 10% of the original appraisal by the AVM or there are other supporting documents in the originators loan file package (CDA, Field Review or Second Appraisal). The appraisal was performed on an "as-is" basis and the property is complete and habitable at origination. The appraiser was appropriately licensed and used GSE approved forms. |
| &nbsp;&nbsp;&nbsp;B | The value is not supported within 10% of the original appraisal by the AVM and there are no other valuation support documents in the loan file provided by the Seller. The valuation methodology substantially meets the published guidelines but reasonable compensating factors were considered and documented for exceeding guidelines. The appraisal was performed on an "as-is" basis and the property is complete and habitable. The appraiser was appropriately licensed and used GSE approved forms. |
| &nbsp;&nbsp;&nbsp;C | The value is not supported within 10% of the original appraisal. The valuation methodology did not meet the published guidelines and there were not sufficient compensating factors for exceeding published guidelines. The property is in below "average" condition or the property is not complete or requires significant repairs. The appraisal was not performed on an "as is" basis. The appraiser was not appropriately licensed or did not use GSE approved forms. |
| &nbsp;&nbsp;&nbsp;D | The file was missing the appraisal or there was not sufficient valuation documentation to perform a review. |

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## Exhibit 99.7

**EXHIBIT 99.7** 

**CONSOLIDATED ANALYTICS EXCEPTION GRADES REPORT** 

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;216 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/05/2026 | Resolved | FCOM1229 | Credit | 1-4<br>Family<br>Rider is<br>Missing | 1-4 Family Rider is Missing. 1-4 Family Rider was not indicated/checked on the Deed of Trust per monthrtgage document, however, there is a previous 1-4 Family Rider in the loan file. | Document Uploaded. | 04/22/2026 | Documentation provided is sufficient. Exception resolved.; The 1-4 Family Rider is Present | 04/23/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% D B A |
| &nbsp;&nbsp;&nbsp;216 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/09/2026 | Acknowledged | FCOM3849 | Compliance | Evidence<br>of<br>Appraisal<br>Delivery<br>to<br>Borrower<br>not<br>Provided<br>or Late<br>(12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required: There is no evidence of Appraisal delivery to the borrower at least XXX business days prior to the consummation date of XX/XX/XXXX. If borrower waived timing requirement, please provide executed waiver. |  |  | Acknowledged, accepting 2/B grading. | 04/08/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% D B A |
| &nbsp;&nbsp;&nbsp;216 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/09/2026 | Acknowledged | FCOM5135 | Compliance | Missing<br>Required<br>Affiliated<br>Business<br>Disclosure | Required Affiliated Business Disclosure Missing The ABD is missing. |  |  | Acknowledged, accepting 2/B grading. | 04/08/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% D B A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;216 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/06/2026 | Resolved | FCRE1437 | Credit | Income and<br>Employment<br>Do Not<br>Meet<br>Guidelines | Income and Employment Do Not Meet Guidelines Borrower 1: No retirement income documentation located in the loan file. Did not use retirement income of XXX as Qualifying Income. DTI still within acceptable range. | Loan did not qualify with Retirement Income — Base Salary Only | 03/12/2026 | Income and Employment Meet Guidelines; Client States: Loan did not qualify with Retirement Income — Base Salary Only. LM Updated. | 03/13/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% D B C A |
| &nbsp;&nbsp;&nbsp;216 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/09/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 03/09/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% D B A |
| &nbsp;&nbsp;&nbsp;209 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Cured | finding-<br>3716 | Compliance | CA Per<br>Diem<br>Interest<br>Amount<br>Test | Disbursement date was XX/XX/XXXX, however based on the consummation CD interest was collected starting XX/XX/XXXX which was prior to consummation date. Disbursement date was XX/XX/XXXX, however based on the consummation CD interest was collected starting XX/XX/XXXX which was prior to consummation date. This loan failed the per diem interest amount test. (XXX)The per diem interest amount charged on the loan XXX exceeds the per diem interest charge or credit threshold ($XXX) LEASE NOTE: An additional XXX buffer was included in the per diem interest charge or credit threshold displayed above based on the client preferences configured on the per diem interest settings page. This loan failed the per diem interest amount test. (XXX)The per diem interest amount charged on the loan XXX exceeds the per diem interest charge or credit threshold ($XXX) LEASE NOTE: An additional XXX buffer was included in the per diem interest charge or credit threshold displayed above based on the client preferences configured on the per diem interest settings page. Document Uploaded. This was cured internally once Title provided the Final Settlement Statement therefore we do not have tracking Document Uploaded. This was cured internally once Title provided the Final Settlement Statement therefore we do not have tracking Document Uploaded. This was cured internally once Title provided the Final Settlement Statement therefore we do not have tracking PCCD and FSS provided; exception resolved PCCD and FSS provided; exception resolved |  |  | PCCD and FSS provided; exception cured | 05/13/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 43.48% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 43.48% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D B C A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;209 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/23/2026 | Resolved | FCRE3978 | Credit | Missing<br>Letter of<br>Explanation<br>(Credit) | AUS reflects the credit report reflects at least XXX credit inquiry within the previous XXX days. If addition credit was granted, obtain verification of debt and include the payment in the monthly debt ratio. The credit report, dated XX/XX/XXXX, reflected the following inquiries in the prior XXX days: XX/XX/XXXX XXX, XXX, XX/XX/XXXX XXX. The credit report reflected a new auto loan with XXX #XXX. The loan file did not contain a letter of explanation to verify if any new debt was obtained. | Document Uploaded. | 04/17/2026 | Letter of explanation provided | 04/20/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 43.48% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 43.48% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D B A C |
| &nbsp;&nbsp;&nbsp;209 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/25/2026 | Resolved | finding-<br>3532 | Compliance | Initial<br>Closing<br>Disclosure<br>Delivery<br>Date Test | Documentation required: Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was mailed, and therefore not received by the consumer prior to the consummation date, XX/XX/XXXX. The violation can be cured by providing proof of delivery/receipt of Initial CD at least XXX days prior to closing. This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. | Document Uploaded. | 04/13/2026 | Initial CD receipt date provided; excpetion resolved; Initial CD receipt date provided; excpetion resolved | 04/14/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 43.48% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 43.48% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D B C A |
| &nbsp;&nbsp;&nbsp;209 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/23/2026 | Resolved | FCRE1186 | Credit | Audited<br>DTI<br>Exceeds<br>AUS DTI | Audited DTI of XXX% exceeds AUS DTI of XXX% Audit DTI increased due to counting new auto payment of XXX with XXX, opened XX/XX/XXXX in the DTI calculation. In addition, the audit calculation of the hazard insurance, monthly property tax and HOA on investment property audit calculation was higher in the amount of $XXX. This increased from initial underwriter's calculation of $XXX. | Document Uploaded. XXX is paid by one of the borrower's businesses, XXX. While XXX is a newer loan, the business paid the previous auto as well XXX #XXX. Please see attached. As it applies to the investment property expenses, the difference between your calculation and ours is $XXX. If added to the liabilities the adjusted DTI is XXX% which is within tolerance. | 04/01/2026 | Audited DTI of XXX% is less than or equal to AUS DTI of XXX%; Client provided XXX months Business Bank Statements for XXX. reflecting the business pays for the borrower's vehicle. Statements show previous XXX payment was paid by business and XX/XX/XXXX through XX/XX/XXXX reflect new XXX. LM Updated. | 04/02/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 43.48% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 43.48% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D B C A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;209 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/23/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan. |  |  | Informational | 03/25/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 43.48% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 43.48% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D B A C |
| &nbsp;&nbsp;&nbsp;143 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/02/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/06/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;143 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/02/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/06/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;143 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/06/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;203 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines. |  |  | Informational | 04/08/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.98% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.98% is less than Guideline LTV of 89.99% A |
| &nbsp;&nbsp;&nbsp;203 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/08/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.98% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.98% is less than Guideline LTV of 89.99% A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;203 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/08/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.98% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.98% is less than Guideline LTV of 89.99% A |
| &nbsp;&nbsp;&nbsp;236 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | finding-<br>3634 | Compliance | Charges<br>That<br>Cannot<br>Increase<br>Test | This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). | Document Uploaded. | 04/16/2026 | Valid COC received — exception resolved; Valid COC received — exception resolved | 04/17/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.39% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.39% is less than Guideline LTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;236 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/09/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.39% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.39% is less than Guideline LTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;236 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/09/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.39% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.39% is less than Guideline LTV of 89.99% C A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;214 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | finding-<br>3634 | Compliance | Charges<br>That<br>Cannot<br>Increase<br>Test | This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX The COC dated XX/XX/XXXX indicates "Appraisal Fee Updated. DTI Updated", which is not a valid reason. | Document Uploaded. | 04/16/2026 | Valid COC received — exception resolved; Valid COC received — exception resolved | 04/17/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;214 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FCRE1316 | Credit | Borrower 1<br>3rd Party<br>VOE Prior<br>to Close<br>Missing | Borrower 1 3rd Party VOE Prior to Close Missing | Document Uploaded. | 04/09/2026 | Borrower 1 3rd Party VOE Prior to Close Was Provided; Client provided XXX for the Borrower dated XX/XX/XXXX and expiring XX/XX/XXXX. LM Updated. | 04/13/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;214 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/09/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX D A C |
| &nbsp;&nbsp;&nbsp;146 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/09/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;146 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/09/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;146 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/09/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;137 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Cured | finding-<br>3652 | Compliance | Lender<br>Credits<br>That<br>Cannot<br>Decrease<br>Test | This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The lender credit tolerance violation in the amount of XXX is due to decrease in Lender Credit from XXX to XXX on final CD. A COC justifying the decrease was not located in the loan file. | Document Uploaded. | 04/27/2026 | Cure package provided to the borrower; exception downgraded to a 2/B | 04/28/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 65.67% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 65.67% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;137 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FCRE8999 | Credit | No<br>Credit<br>Findings | The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines. |  |  | Informational | 04/09/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 65.67% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 65.67% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;137 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/09/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 65.67% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 65.67% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;137 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Acknowledged | FCOM3849 | Compliance | Evidence<br>of<br>Appraisal<br>Delivery<br>to<br>Borrower<br>not<br>Provided<br>or Late<br>(12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date XX/XX/XXXX is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close. |  |  | Acknowledged, accepting 2/B grading | 04/09/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 65.67% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 65.67% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;238 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FCRE8999 | Credit | No<br>Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/09/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.34% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.34% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;238 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/09/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.34% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.34% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;196 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | finding-<br>3652 | Compliance | Lender<br>Credits<br>That<br>Cannot<br>Decrease<br>Test | This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The lender credit tolerance violation in the amount of XXX is due to decrease in Lender Credit from XXX to XXX The COC dated XX/XX/XXXX was not accepted because it does not provide a reason for the change. | Document Uploaded. | 04/21/2026 | Valid COC provided; exception resolved; Valid COC provided; exception resolved | 04/22/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;196 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | finding-<br>3634 | Compliance | Charges<br>That<br>Cannot<br>Increase<br>Test | This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX: cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery. The exception is tied to the missing Initial LE issued within XXX business days of the XXX of XX/XX/XXXX, as the earliest available LE is dated XX/XX/XXXX. Please provide the initial LE issued within XXX business days of the XXX of XX/XX/XXXX. Additional testing will be completed, once the initial LE is provided. | Document Uploaded. | 04/21/2026 | LE dated within XXX business days of the XXX provided; exception resolved; LE dated within XXX business days of the XXX provided; exception resolved | 04/22/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;196 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | finding-<br>3635 | Compliance | Charges<br>That In<br>Total<br>Cannot<br>Increase<br>More<br>Than<br>XXX%<br>Test | This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures. An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). TILA 130b Cure Required. Refund in the amount of $XXX: cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery. The exception is tied to the missing Initial LE issued within XXX business days of the XXX of XX/XX/XXXX, as the earliest available LE is dated XX/XX/XXXX. Please provide the initial LE issued within XXX business days of the XXX of XX/XX/XXXX. Additional testing will be completed, once the initial LE is provided. | Document Uploaded. | 04/21/2026 | LE dated within XXX business days of the XXX provided; exception resolved; LE dated within XXX business days of the XXX provided; exception resolved | 04/22/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;196 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | finding-<br>3515 | Compliance | Initial<br>Loan<br>Estimate<br>Delivery<br>Date<br>Test<br>(from<br>application) | This loan failed the initial loan estimate delivery date test (from application) due to one of the following: (12 CFR §1026.19(e)(1)(iii)(A) he initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application herefore, if additional disclosures are entered into XXX, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be XXX regardless of the actual values on the disclosure. This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §XXX(a)(XXX) and as it relates to §1026.19(e)(1)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NoneThe creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application. Documentation required to clear exception. The Initial Loan Estimate dated XX/XX/XXXX (per compliance report in file) is missing from the loan file. The earliest LE in the loan file was issued on XX/XX/XXXX. The violation can be cured by providing the initial LE within XXX days of XX/XX/XXXX. | Document Uploaded. | 04/21/2026 | LE dated within XXX business days of the XXX provided; exception resolved; LE dated within XXX business days of the XXX provided; exception resolved | 04/22/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;196 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | FCRE8999 | Credit | No<br>Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/09/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;196 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/09/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;189 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | finding-<br>3634 | Compliance | Charges<br>That<br>Cannot<br>Increase<br>Test | This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $$XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the XXX, an increase from XXX to XXX for the appraisal fee. There was no COC for increase in discount points and the COC dated XX/XX/XXXX was not accepted for the appraisal increase because "appraisal fee changed" is not a valid reason. | Document Uploaded. Additional details for the COC | 04/27/2026 | valid COC provided, exception resolved; | 04/28/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;189 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | finding-<br>3532 | Compliance | Initial<br>Closing<br>Disclosure<br>Delivery<br>Date Test | Documentation required to clear exception: The initial CD is missing from the loan file. The earliest CD in the file is dated XX/XX/XXXX. The violation can be cured by providing the initial CD as well as evidence showing that is was received by the consumer XXX business days prior to consummation on XX/XX/XXXX. This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or The initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction The creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. | Document Uploaded. | 04/21/2026 | Initial CD provided; exception resolved; Initial CD provided; exception resolved | 04/22/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;189 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | finding-<br>3652 | Compliance | Lender<br>Credits<br>That<br>Cannot<br>Decrease<br>Test | TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to decrease from XXX to XXX for the Lender's Credit. This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). | Document Uploaded. | 04/21/2026 | Valid COC provided; exception resolved; Valid COC provided; exception resolved | 04/22/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;189 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/09/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;189 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/09/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;177 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines. |  |  | Informational | 04/10/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.19% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.19% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;177 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/10/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.19% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.19% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;177 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/10/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.19% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.19% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;188 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | finding-<br>3652 | Compliance | Lender<br>Credits<br>That<br>Cannot<br>Decrease<br>Test | This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, copy of refund check, and proof of delivery or valid COC. The Lender credit decrease violation in the amount of XXX is due to the decrease of Lender credit from XXX on the LE dated XX/XX/XXXX to XXX on the CD dated XX/XX/XXXX without a valid COC. | Document Uploaded. | 04/20/2026 | Valid COC provided; exception resolved; Valid COC provided; exception resolved | 04/22/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 72.73% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 72.73% is less than Guideline LTV of 89.99% C A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;188 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | finding-<br>3634 | Compliance | Charges<br>That<br>Cannot<br>Increase<br>Test | This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure required. Refund in the amount of $XXX; cure requires a valid COC or a cure package with a post closing CD, letter of explanation, proof of refund, and proof of delivery. The discount points of XXX were added on the CD issued XX/XX/XXXX without valid COC. | Document Uploaded. | 04/20/2026 | Valid COC provided; exception resolved; Valid COC provided; exception resolved | 04/22/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 72.73% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 72.73% is less than Guideline LTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;188 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | finding-<br>3635 | Compliance | Charges<br>That In<br>Total<br>Cannot<br>Increase<br>More<br>Than<br>XXX%<br>Test | This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures. An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation in the amount of XXX is due to the addition of the survey fee of XXX on the CD dated XX/XX/XXXX without valid COC. Survey fee is not listed on the written list of service providers or noted as title fee; so, fee tested using XXX% tolerance. | Document Uploaded. | 04/20/2026 | Lender confirmed survey was not a required service; Exception resolved; Lender confirmed survey was not a required service; Exception resolved | 04/22/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 72.73% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 72.73% is less than Guideline LTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;188 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/10/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 72.73% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 72.73% is less than Guideline LTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;188 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FCRE8999 | Credit | No<br>Credit<br>Findings | The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines. |  |  | Informational | 04/10/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 72.73% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 72.73% is less than Guideline LTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;215 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FCRE1198 | Credit | Audited<br>Reserves<br>are less<br>than<br>Guideline<br>Required<br>Reserves<br>(Number<br>of<br>Months) | Audited Reserves of XXX month(s) are less than Guideline Required Reserves of XXX month(s) XXX Month Reserve requirement not meet | How did you arrive at required reserves of $XXX. Per the XXX, required reserves are the greater of XXX months XXX or per the AUS. In this case, XXX = $XXX. The borrowers do not own multiple properties so there shouldn't be any other amounts included. | 04/14/2026 | Audited Reserves of XXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s) | 04/16/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX C B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;215 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/09/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required: Provide evidence of Appraisal Delivery to Borrower. |  |  | Acknowledged, accepting 2/B grading | 04/10/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX C B A |
| &nbsp;&nbsp;&nbsp;215 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/10/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX C B A |
| &nbsp;&nbsp;&nbsp;175 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/13/2026 | Resolved | FCRE9814 | Credit | Missing<br>Trust<br>Agreement | Missing Trust Agreement Missing Trust Agreement | Document Uploaded. Trust Agreement | 04/17/2026 | Trust Agreement Meets Guideline Requirements; Trust provided | 04/20/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 70% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 70% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;175 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/13/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 70% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 70% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;175 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/13/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 70% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 70% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX D A |
| &nbsp;&nbsp;&nbsp;190 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/13/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;190 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/13/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;190 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/13/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/13/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;136 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE1467 | Credit | Asset 1<br>Missing | Asset 1 Missing. Per Final 1003 Borrower has a XXX for XXX Borrower provided a print out without account holders name stating how much XXX can withdraw | Document Uploaded. | 04/27/2026 | Documentation is sufficient. Account Statement provided. Exception resolved.; Asset 1 Provided | 04/28/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 53.08% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 53.08% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX D B A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;136 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/13/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close. |  |  | Acknowledged, accepting 2/B grading | 04/16/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 53.08% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 53.08% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX D B A |
| &nbsp;&nbsp;&nbsp;136 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/13/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/15/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 53.08% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 53.08% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX D B A |
| &nbsp;&nbsp;&nbsp;164 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE1358 | Credit | Borrower 2<br>W2/1099<br>Missing | Borrower 2 W2/1099 Missing. XXX is in the file but it is blank. | Document Uploaded. | 04/28/2026 | Lender provided the W2 for B2. ; Borrower 2 W2/XXX Provided or Not Applicable (Number of Borrowers equals XXX) | 04/29/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 38.53% is less than Guideline CLTV of 80% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 38.53% is less than Guideline LTV of 80% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% D A |
| &nbsp;&nbsp;&nbsp;164 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/15/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 38.53% is less than Guideline CLTV of 80% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 38.53% is less than Guideline LTV of 80% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% D A |
| &nbsp;&nbsp;&nbsp;164 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/15/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 38.53% is less than Guideline CLTV of 80% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 38.53% is less than Guideline LTV of 80% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% D A |
| &nbsp;&nbsp;&nbsp;230 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close. |  |  | Acknowledged, accepting 2/B grading | 04/16/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX B A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;230 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/15/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX B A |
| &nbsp;&nbsp;&nbsp;230 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/15/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX B A |
| &nbsp;&nbsp;&nbsp;192 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/15/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;192 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/15/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;192 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/15/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;187 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE1253 | Credit | Missing<br>Property<br>Tax Cert | Missing XXX is using lender's tax figure for DTI. | Document Uploaded. Property Tax Cert | 04/24/2026 | Property Tax Cert Provided; Tax cert provided. | 04/27/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 74.32% is less than Guideline LTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 74.32% is less than Guideline CLTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;187 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/15/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 74.32% is less than Guideline LTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 74.32% is less than Guideline CLTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;205 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/15/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;205 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/15/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;205 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/15/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;207 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FVAL2477 | Property | Appraisal<br>incomplete<br>(missing<br>map,<br>layout,<br>pages,<br>etc.) | Missing photos of the subject property and comps | Document Uploaded. | 04/27/2026 | Complete appraisal with interior and exterior photos of the subject and exterior photos of the comps received. Condition cleared. | 04/28/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 70.97% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 70.97% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;207 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/15/2026 | Acknowledged | FCOM5135 | Compliance | Missing<br>Required<br>Affiliated<br>Business<br>Disclosure | Required Affiliated Business Disclosure Missing. |  |  | Acknowledged, accepting 2/B grading | 04/16/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 70.97% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 70.97% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;207 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/15/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 70.97% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 70.97% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;193 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO0936 | Property | UCDP<br>Summary<br>Report is<br>Missing | XXX for XXX is missing. | Document Uploaded. Provided in file | 04/27/2026 | XXX received. Condition cleared. | 04/28/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 70% is less than Guideline CLTV of 80% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 70% is less than Guideline LTV of 80% D B A |
| &nbsp;&nbsp;&nbsp;193 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/15/2026 | Acknowledged | FCOM5135 | Compliance | Missing<br>Required<br>Affiliated<br>Business<br>Disclosure | Required Affiliated Business Disclosure Missing. |  |  | Acknowledged, accepting 2/B grading | 04/16/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 70% is less than Guideline CLTV of 80% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 70% is less than Guideline LTV of 80% D B A |
| &nbsp;&nbsp;&nbsp;193 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/15/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 70% is less than Guideline CLTV of 80% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 70% is less than Guideline LTV of 80% D B A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;197 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/16/2026 | Acknowledged | FCRE9785 | Credit | Purchase<br>Contract is<br>Incomplete | Loan Purpose is Purchase but Purchase Contract Doc is Incomplete The final Closing Disclosure (CD) shows a seller credit of XXX but the purchase contract only reflects a credit of XXX An addendum to the contract reflecting the credit of XXX is required. |  |  | Acknowledged, accepting 2/B grading | 04/17/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 65.91% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 65.91% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. B A |
| &nbsp;&nbsp;&nbsp;197 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/16/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 65.91% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 65.91% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. B A |
| &nbsp;&nbsp;&nbsp;197 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/16/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 65.91% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 65.91% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. B A |
| &nbsp;&nbsp;&nbsp;208 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FPRO3678 | Property | Property<br>Issue(s) are<br>Present | One or more issues or defects with the property have been discovered. | Document Uploaded. | 04/27/2026 | Appraisal in file was incomplete. Full appraisal with photos received. Condition cleared. | 04/28/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;208 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FVAL2477 | Property | Appraisal<br>incomplete<br>(missing<br>map,<br>layout,<br>pages, etc.) | Provide updated appraisal that included pictures. | Document Uploaded. | 04/27/2026 | Appraisal with sketch and photos received. Condition cleared. | 04/28/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;208 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/16/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX C A |
| &nbsp;&nbsp;&nbsp;201 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCRE1198 | Credit | Audited<br>Reserves<br>are less<br>than<br>Guideline<br>Required<br>Reserves<br>(Number of<br>Months) | Audited Reserves of month(s) are less than Guideline Required Reserves of XXX month(s) AUS did not require any reserves verified, Lender reserves are XXX mos for subject | Document Uploaded. | 04/29/2026 | Documentation is sufficient. Statement provided. Exception resolved.; Audited Reserves of XXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s) | 04/30/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 66.11% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 66.11% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;201 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCRE9995 | Credit | Audited<br>Reserves<br>are less<br>than<br>Guideline<br>Required<br>Reserves<br>(Dollar<br>Amount) | Audited Reserves of $ are less than Guideline Required Reserves of $XXX. B1 has sufficient funds for required reserves of $XXX. The assets required to close are showing the loan amount included. | Document Uploaded. | 04/29/2026 | Documentation is sufficient. Statement provided. Exception resolved.; Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX. | 04/30/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 66.11% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 66.11% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;201 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/16/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: File contains evidence that appraisal was provided to Borrower 2 days before closing but is missing Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date which is required. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver. |  |  | Acknowledged, accepting 2/B grading. | 04/17/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 66.11% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 66.11% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;201 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/17/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 66.11% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 66.11% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;201 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/17/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 66.11% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 66.11% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;234 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FCRE1119 | Credit | Borrower 2<br>Deed of<br>Trust<br>Signature<br>does not<br>match Note | Borrower 2 Signature does not match Note B2, XXX did not sign mortgage. | Document Uploaded. | 04/28/2026 | Per client — XXX is on the Note however is not on title therefore his signature is not on the mortgage. Removed 2nd borrower from Deed of Trust Screen.; Borrower 2 Signature matches Note | 04/29/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;234 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/17/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;234 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/17/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;169 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/16/2026 | Cured | finding-<br>3634 | Compliance | Charges<br>That<br>Cannot<br>Increase<br>Test | This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Appraisal Fee on the final CD dated XX/XX/XXXX. | Document Uploaded. | 04/30/2026 | Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B | 05/01/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 40.8% is less than Guideline CLTV of 80% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 40.8% is less than Guideline LTV of 80% C B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;169 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/17/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 40.8% is less than Guideline CLTV of 80% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 40.8% is less than Guideline LTV of 80% C B A |
| &nbsp;&nbsp;&nbsp;269 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCRE9995 | Credit | Audited<br>Reserves are<br>less than<br>Guideline<br>Required<br>Reserves<br>(Dollar<br>Amount) | Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. Invalid finding system is reading old data | Is this finding valid or invalid — you finding comments State — "Invalid finding system is reading old data" | 04/27/2026 | Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX. | 04/28/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 69.33% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 69.33% is less than Guideline CLTV of 89.99% D A C |
| &nbsp;&nbsp;&nbsp;269 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCRE1198 | Credit | Audited<br>Reserves are<br>less than<br>Guideline<br>Required<br>Reserves<br>(Number of<br>Months) | Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s) Invalid finding system is reading old data | Is this finding valid or invalid — you finding comments State — "Invalid finding system is reading old data" | 04/27/2026 | Audited Reserves of XX/XX/XXXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s) | 04/28/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 69.33% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 69.33% is less than Guideline CLTV of 89.99% D A C |
| &nbsp;&nbsp;&nbsp;269 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCRE1469 | Credit | Asset 3<br>Missing | Asset 3 Missing. Missing Supporting documentation for XXX Per 1003 | Document Uploaded. Provided in file | 04/27/2026 | Asset 3 Provided Or Not Applicable | 04/28/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 69.33% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 69.33% is less than Guideline CLTV of 89.99% D A |
| &nbsp;&nbsp;&nbsp;269 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FCRE0386 | Credit | Borrower 1<br>Photo<br>Identification<br>not provided | Borrower 1 Photo Identification not provided. Borrower 1 Photo Identification not provided. | Document Uploaded. IDs are not required when the XXX is provided | 04/24/2026 | Photo Identification provided.;XXX provided. | 04/27/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 69.33% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 69.33% is less than Guideline CLTV of 89.99% D A |
| &nbsp;&nbsp;&nbsp;269 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCRE9814 | Credit | Missing<br>Trust<br>Agreement | Missing Trust Agreement Trust Agreement is incomplete, document is executed but no indication of the trustees powers. | Document Uploaded. XXX listed on page XXX | 04/24/2026 | Trust Agreement Meets Guideline Requirements; Trust evidence provided. Resolved | 04/27/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 69.33% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 69.33% is less than Guideline CLTV of 89.99% D A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;269 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/17/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 69.33% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 69.33% is less than Guideline CLTV of 89.99% D A |
| &nbsp;&nbsp;&nbsp;269 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/17/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 69.33% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 69.33% is less than Guideline CLTV of 89.99% D A |
| &nbsp;&nbsp;&nbsp;268 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCRE1322 | Credit | Borrower 1<br>Business<br>Tax<br>Returns<br>Missing | Borrower 1 Business Tax Returns Missing Provide XXX tax returns | Document Uploaded. | 04/27/2026 | Documentation is sufficient. Business returns provided. Exception resolved.; Documentation is sufficient. XXX provided. Exception resolved.; Borrower 1 Business Tax Returns Provided | 04/28/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 46.92% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 46.92% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. D B A |
| &nbsp;&nbsp;&nbsp;268 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCRE1319 | Credit | Borrower 1<br>Personal<br>Tax<br>Returns<br>Missing | Borrower 1 Personal Tax Returns Missing Provide XXX's | Document Uploaded. | 04/27/2026 | Borrower 1 Personal Tax Returns Provided | 04/28/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 46.92% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 46.92% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. D B A |
| &nbsp;&nbsp;&nbsp;268 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCRE0377 | Credit | The Total<br>Hazard<br>Coverage is<br>LESS than<br>the<br>Required<br>Coverage<br>Amount | The hazard insurance dwelling coverage of XXX is insufficient, not meeting the required coverage amount of ($XXX). Provide RCE or evidence there is extended coverage with current policy. | Document Uploaded. Invalid — Total coverage =- XXX | 04/27/2026 | Documentation is sufficient. Policy provided is acceptable. Exception resolved.; The Total Hazard Coverage is greater than or equal to the Required Coverage Amount | 04/28/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 46.92% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 46.92% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. D B C A |
| &nbsp;&nbsp;&nbsp;268 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/16/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The borrower signed the appraisal waiver, but there is no evidence a copy of the report was provided at closing. Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely. |  |  | Acknowledged, accepting 2/B grading | 04/21/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 46.92% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 46.92% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. D B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;268 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/20/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 46.92% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 46.92% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. D B A |
| &nbsp;&nbsp;&nbsp;202 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/16/2026 | Acknowledged | FCOM3849 | Compliance | Evidence<br>of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided<br>or Late (12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close. |  |  | Acknowledged, accepting 2/B grading. | 04/17/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 65.3% is less than Guideline CLTV of 80% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 65.3% is less than Guideline LTV of 80% B A |
| &nbsp;&nbsp;&nbsp;202 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/17/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 65.3% is less than Guideline CLTV of 80% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 65.3% is less than Guideline LTV of 80% B A |
| &nbsp;&nbsp;&nbsp;202 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/17/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 65.3% is less than Guideline CLTV of 80% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 65.3% is less than Guideline LTV of 80% B A |
| &nbsp;&nbsp;&nbsp;150 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCRE7497 | Credit | Missing<br>verification<br>of taxes,<br>insurance,<br>and/or<br>HOA fees<br>for non-<br>subject<br>property | Missing the mortgage Statement for XXX from XXX #XXX to verify if payment of XXX contains escrows. | Document Uploaded. | 04/29/2026 | Documentation is sufficient. Mortgage Statement provided. Exception resolved. | 04/30/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 77.74% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 77.74% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX D B A |
| &nbsp;&nbsp;&nbsp;150 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Acknowledged | FCOM3849 | Compliance | Evidence<br>of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided<br>or Late (12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation. Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely. |  |  | Acknowledged, accepting 2/B grading. | 04/17/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 77.74% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 77.74% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX D B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;150 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/17/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 77.74% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 77.74% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX D B A |
| &nbsp;&nbsp;&nbsp;228 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCOM1208 | Credit | The Note<br>is<br>Incomplete | The Note is Incomplete Page XXX of the note is missing. | Document Uploaded. Note all XXX pages; Document Uploaded. | 04/30/2026 | The Note is Present; All four pages of Note provided. ; Page XXX of XXX is missing. Please provide pages XX/XX/XXXX of the note. | 05/01/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;228 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | finding-<br>3635 | Compliance | Charges<br>That In<br>Total<br>Cannot<br>Increase<br>More Than<br>XXX%<br>Test | This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures. An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). TILA 130b Cure Required. Refund in the amount of XXX cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Recording Fee. | Document Uploaded. | 04/28/2026 | Corrected PCCD received — exception resolved; Corrected PCCD received — exception resolved | 04/29/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;228 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/20/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/20/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D A C |
| &nbsp;&nbsp;&nbsp;232 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/20/2026 | Cured | finding-<br>3635 | Compliance | Charges<br>That In<br>Total<br>Cannot<br>Increase<br>More Than<br>XXX%<br>Test | TILA 130 Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, and Copy of Refund Check, or Valid COC. The XXX% tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Recording Fee on the PCCD dated XX/XX/XXXX. Please provide a valid COC or cure package. This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures. An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). | Document Uploaded. | 04/30/2026 | Cure package provided to borrower within XXX days of discovery. Exception downgraded to 2/B.; Cure package provided to borrower within XXX days of discovery. Exception downgraded to 2/B. | 04/30/2026 | Borrower has stable job time — Borrower has XXX years on job. C B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;232 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/20/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/20/2026 | Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;232 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/20/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/20/2026 | Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;247 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/20/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;247 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/20/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/20/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;247 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/20/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/20/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;141 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/21/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/24/2026 | Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;141 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/21/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/24/2026 | Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;141 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/21/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/24/2026 | Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;176 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/21/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/24/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.27% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.27% is less than Guideline LTV of 89.99% A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;176 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/21/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/24/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.27% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.27% is less than Guideline LTV of 89.99% A |
| &nbsp;&nbsp;&nbsp;176 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/23/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/24/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.27% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.27% is less than Guideline LTV of 89.99% A |
| &nbsp;&nbsp;&nbsp;165 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/21/2026 | Resolved | finding-<br>3634 | Compliance | Charges<br>That<br>Cannot<br>Increase<br>Test | This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the loan discount fee on LE XX/XX/XXXX without a COC. | Document Uploaded. | 04/29/2026 | Valid COC provided — exception resolved; Valid COC provided — exception resolved | 04/30/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 74.04% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 74.04% is less than Guideline CLTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;165 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/21/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/22/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 74.04% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 74.04% is less than Guideline CLTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;165 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/21/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/22/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 74.04% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 74.04% is less than Guideline CLTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;245 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/22/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/24/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;245 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/23/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/24/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;245 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/23/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/24/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;172 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/21/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Evidence of Appraisal Delivery to Borrower not Provided |  |  | Acknowledged, accepting 2/B grading | 04/24/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX B A |
| &nbsp;&nbsp;&nbsp;172 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/21/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/24/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX B A |
| &nbsp;&nbsp;&nbsp;172 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/21/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/24/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX B A |
| &nbsp;&nbsp;&nbsp;138 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/23/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/24/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% B A |
| &nbsp;&nbsp;&nbsp;138 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/23/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/24/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% B A |
| &nbsp;&nbsp;&nbsp;138 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/24/2026 | Acknowledged | FCOM1266 | Compliance | Homeownership<br>Counseling<br>Disclosure Is<br>Missing | XXX Is Missing Documentation required to clear exception: Provide XXX that was provided to the consumer within XXX-business days of XXX of XX/XX/XXXX. |  |  | Acknowledged, accepting 2/B grading | 04/24/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% B A |
| &nbsp;&nbsp;&nbsp;138 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/24/2026 | Acknowledged | FCOM5135 | Compliance | Missing<br>Required<br>Affiliated<br>Business<br>Disclosure | Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates. |  |  | Acknowledged, accepting 2/B grading | 04/24/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% B A |
| &nbsp;&nbsp;&nbsp;144 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/23/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/24/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 72.66% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 72.66% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% B A |
| &nbsp;&nbsp;&nbsp;144 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/23/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/24/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 72.66% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 72.66% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;144 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/24/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation. Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely. |  |  | Acknowledged, accepting 2/B grading | 04/24/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 72.66% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 72.66% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% B A |
| &nbsp;&nbsp;&nbsp;200 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/23/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/24/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;200 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/23/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines. |  |  | Informational | 04/24/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;200 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/24/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/24/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;155 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/24/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines. |  |  | Informational | 04/29/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 77.64% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 77.64% is less than Guideline LTV of 89.99% A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;155 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/24/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/29/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 77.64% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 77.64% is less than Guideline LTV of 89.99% A |
| &nbsp;&nbsp;&nbsp;155 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/27/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/29/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 77.64% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 77.64% is less than Guideline LTV of 89.99% A |
| &nbsp;&nbsp;&nbsp;142 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/27/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/29/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;142 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/27/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/29/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;142 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/29/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;160 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/27/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/29/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 71.5% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 71.5% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;160 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/27/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/29/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 71.5% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 71.5% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;160 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/29/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original LTV is Below the Guideline Maximum — Calculated LTV of 71.5% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 71.5% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;149 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/24/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/29/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;149 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/27/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/29/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;149 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/27/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/29/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;186 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/27/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/29/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;186 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/29/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;186 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines. |  |  | Informational | 04/29/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;248 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/24/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation. Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely. |  |  | Acknowledged, accepting 2/B grading | 04/29/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time — Borrower has XXX years on job. B A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;248 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines. |  |  | Informational | 04/29/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time — Borrower has XXX years on job. B A |
| &nbsp;&nbsp;&nbsp;248 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/29/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time — Borrower has XXX years on job. B A |
| &nbsp;&nbsp;&nbsp;235 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/29/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 62% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 62% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;235 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/29/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/29/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 62% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 62% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;235 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/29/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/29/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 62% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 62% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;152 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/29/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 79.03% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.03% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;152 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/29/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 79.03% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.03% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;152 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/29/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 79.03% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.03% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;213 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/29/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.99% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.99% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;213 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/29/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/29/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.99% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.99% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;213 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/29/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/29/2026 | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.99% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.99% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;183 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/30/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;183 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/30/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;183 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/28/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/30/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;166 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/29/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/30/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 57.81% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 57.81% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;166 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/29/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/30/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 57.81% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 57.81% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;166 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/30/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/30/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 57.81% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 57.81% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;241 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/29/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/30/2026 | Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;241 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/30/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/30/2026 | Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;241 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/30/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/30/2026 | Borrower has stable job time — Borrower has XXX years on job. A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;159 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/29/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/30/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;159 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/29/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/30/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;159 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/29/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/30/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;224 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/29/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close. |  |  | Acknowledged, accepting 2/B grade | 04/30/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 65.25% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 65.25% is less than Guideline LTV of 89.99% B A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;224 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/29/2026 | Resolved | FCRE8999 | Credit | No<br>Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/30/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 65.25% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 65.25% is less than Guideline LTV of 89.99% B A |
| &nbsp;&nbsp;&nbsp;224 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/29/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/30/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 65.25% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 65.25% is less than Guideline LTV of 89.99% B A |
| &nbsp;&nbsp;&nbsp;267 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/03/2026 | Resolved | FCRE1352 | Credit | Borrower<br>2<br>Business<br>Tax<br>Returns<br>Missing | Borrower 2 Business Tax Returns Missing Missing the most recent XXX signed federal and business returns (if applicable) or most recent XXX federal and business returns if the business has been in existence for a minimum of XXX for XXX to calculate borrower's income. Once documentation has been provided will recalculate borrower's income | Document Uploaded. | 03/12/2026 | Borrower 2 Business Tax Returns Provided or Not Applicable (Number of Borrowers equals XXX); Client provided XXX and XXX Personal Tax Returns for B2 with Schedule C reflecting XXX. LM Updated. | 04/13/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D A |
| &nbsp;&nbsp;&nbsp;267 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/03/2026 | Resolved | FCRE1355 | Credit | Borrower<br>2 CPA<br>Letter<br>Missing | Borrower 2 CPA Letter Missing CPA email provided verifies that borrower is currently in business but does not State how long borrower has been in business | Years in business is not a requirement for a CPA VOE for SE borrower(s) | 03/12/2026 | Borrower 2 CPA Letter Provided or Not Applicable (Number of Borrowers equals XXX); Client States: Years in business is not a requirement for a CPA VOE for SE borrower(s). VVOE in file. LM Updated. | 04/13/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D A |
| &nbsp;&nbsp;&nbsp;267 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/03/2026 | Resolved | FCRE1364 | Credit | Borrower<br>2<br>Executed<br>4506-T<br>Missing | Borrower 2 Executed 4506-T Missing Missing complete XXX-C for B2 as documentation has been signed and dated but missing date for years requested | Document Uploaded. | 04/10/2026 | Borrower 2 Executed XXX-T Provided or Not Applicable (Number of Borrowers equals XXX); Borrower 2 Executed 4506-T Missing. | 04/13/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;267 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/03/2026 | Resolved | FCRE1350 | Credit | Borrower 2<br>Personal<br>Tax<br>Returns<br>Missing | Borrower 2 Personal Tax Returns Missing B2 is XXX guidelines require signed personal returns | Document Uploaded. | 03/12/2026 | Borrower 2 Personal Tax Returns Provided or Not Applicable (Number of Borrowers equals XXX); Client provided XXX and XXX Personal Tax Returns for B2 with Schedule C reflecting XXX. LM Updated. | 04/13/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D A |
| &nbsp;&nbsp;&nbsp;267 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/03/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 03/04/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D A |
| &nbsp;&nbsp;&nbsp;267 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/04/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 03/04/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. D A |
| &nbsp;&nbsp;&nbsp;163 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/10/2026 | Resolved | FCOM1227 | Credit | PUD Rider<br>is Missing | PUD Rider is Missing PUD Rider is Missing | Document Uploaded. | 04/08/2026 | The PUD Rider is Present or is Not Applicable (XXX is PUD); Client provided Recorded Deed of Trust and PUD Rider. LM Updated. | 04/11/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% D A |
| &nbsp;&nbsp;&nbsp;163 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/10/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 03/12/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% D A |
| &nbsp;&nbsp;&nbsp;163 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/11/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 03/12/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% D A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;223 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/12/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 03/14/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;223 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/13/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 03/14/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;223 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/13/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 03/14/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX A |
| &nbsp;&nbsp;&nbsp;244 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/16/2026 | Cured | finding-<br>3635 | Compliance | Charges<br>That In<br>Total<br>Cannot<br>Increase<br>More Than<br>XXX%<br>Test | This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures. An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). TILA 130b Cure Required. Refund in the amount of XXX cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation in the amount of XXX is due to increases from XXX to XXX for the Title Endorsement Fee, XXX to XXX for the Title Escrow Fee, and XXX to XXX for Title Lender's Title Insurance (all paid to lender's provider on final CD). | Document Uploaded. ; Document Uploaded. | 04/08/2026 | Cure package provided to the borrower; exception downgraded to a XXX; Cure package provided to the borrower; exception downgraded to a XXX; Cure package was short XXX the recording fees increased on the PCCD provided from XXX to $XXX; This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures. An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). | 04/09/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 77.82% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 77.82% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;244 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/13/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 03/16/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 77.82% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 77.82% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |
| &nbsp;&nbsp;&nbsp;244 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/13/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 03/16/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 77.82% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 77.82% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% C B A |
| &nbsp;&nbsp;&nbsp;140 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/17/2026 | Acknowledged | FCRE1148 | Credit | Title<br>Coverage is<br>Less than<br>Subject Lien | Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grading | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.09% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.09% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;140 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/17/2026 | Resolved | FCRE1440 | Credit | Housing<br>History Does<br>Not Meet<br>Guideline<br>Requirements | Housing History Does Not Meet Guideline Requirements- Mortgage history is not reporting on credit, there is a XXX per guidelines XXX is not eligible Housing History Does Not Meet Guideline Requirements- Mortgage history is not reporting on credit, there is a handwritten VOM per guidelines Handwritten VOM is not eligible | Document Uploaded. | 03/31/2026 | Housing History Meets Guideline Requirements; Client provided Note for XXX reflecting 1st payment date of XX/XX/XXXX, Cancelled check dated XX/XX/XXXX and Cancelled check dated XX/XX/XXXX. LM Updated. | 04/01/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.09% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.09% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;140 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/17/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 03/19/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.09% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.09% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;140 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/18/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 03/19/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.09% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.09% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C B A |
| &nbsp;&nbsp;&nbsp;162 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/18/2026 | Resolved | FPRO9990 | Property | Third Party<br>Valuation<br>Product<br>Not<br>Provided<br>within<br>XXX%<br>Tolerance | Third Party Valuation Product Not Provided or Not Provided Within Tolerance. XXX is XXX AVM updated in file, Again Default Condition reflects in LM for Third Party Valuation Product Not Provided. | Document Uploaded. | 03/30/2026 | Third party valuation product provided within tolerance.; XXX provided | 03/31/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 40.82% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 40.82% is less than Guideline LTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;162 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/18/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 03/19/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 40.82% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 40.82% is less than Guideline LTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;162 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/18/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 03/19/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 40.82% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 40.82% is less than Guideline LTV of 89.99% C A |
| &nbsp;&nbsp;&nbsp;161 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/19/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 03/23/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;161 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/19/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 03/23/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |
| &nbsp;&nbsp;&nbsp;161 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/19/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 03/23/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;180 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/19/2026 | Acknowledged | FCOM5135 | Compliance | Missing<br>Required<br>Affiliated<br>Business<br>Disclosure | Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates. |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grading | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time — Borrower has XXX years on job. B A |
| &nbsp;&nbsp;&nbsp;180 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/19/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 03/23/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time — Borrower has XXX years on job. B A |
| &nbsp;&nbsp;&nbsp;180 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/19/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 03/23/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time — Borrower has XXX years on job. B A |
| &nbsp;&nbsp;&nbsp;167 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/27/2026 | Resolved | FCRE1201 | Credit | Third<br>Party<br>Fraud<br>Report not<br>Provided | Missing Third Party Fraud Report Missing Fraud report | Document Uploaded. | 04/07/2026 | Third Party Fraud Report is provided; Client provided Third Party Fraud Report. LM Updated. | 04/08/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 67.63% is less than Guideline LTV of 80% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 67.63% is less than Guideline CLTV of 80% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time — Borrower has XXX years on job. D B A |
| &nbsp;&nbsp;&nbsp;167 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/30/2026 | Acknowledged | FCOM3849 | Compliance | Evidence<br>of<br>Appraisal<br>Delivery<br>to<br>Borrower<br>not<br>Provided<br>or Late<br>(12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation. Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely. |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grading | 04/08/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 67.63% is less than Guideline LTV of 80% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 67.63% is less than Guideline CLTV of 80% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time — Borrower has XXX years on job. D B A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;167 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 03/30/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 03/31/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 67.63% is less than Guideline LTV of 80% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 67.63% is less than Guideline CLTV of 80% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Borrower has stable job time — Borrower has XXX years on job. D B A |
| &nbsp;&nbsp;&nbsp;171 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/02/2026 | Resolved | FCRE1159 | Credit | Hazard<br>Insurance<br>Effective<br>Date is after<br>the<br>Disbursement<br>Date | XXX Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX. XXX XX/XX/XXXX | Document Uploaded. Correct HOI policy; Document Uploaded. | 04/14/2026 | Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided.; Evidence showing effective date XX/XX/XXXX provided. ; Client provided Evidence of Insurance for a different property. | 04/15/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;171 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/02/2026 | Resolved | FCRE1440 | Credit | Housing<br>History Does<br>Not Meet<br>Guideline<br>Requirements | Housing History Does Not Meet Guideline Requirements Missing XXX | Document Uploaded. This is the correct HOI policy as the disclosure uploaded today, XX/XX/XXXX is incorrect; Per the XXX, rent must be verified only if the subject is a Second Home, Investment Property or there is a Non-Occupant Borrower. In this case the subject is a primary residence. | 04/09/2026 | Housing History Meets Guideline Requirements; Client States: Per the XXX, rent must be verified only if the subject is a Second Home, Investment Property or there is a Non-Occupant Borrower. In this case the subject is a primary residence. | 04/09/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;171 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/02/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/06/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;171 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/06/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% C A |
| &nbsp;&nbsp;&nbsp;249 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Acknowledged | FCOM5135 | Compliance | Missing<br>Required<br>Affiliated<br>Business<br>Disclosure | Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide missing Affiliated Business Disclosure. |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grading | 04/08/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 67.97% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 67.97% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. B A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;249 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/02/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/06/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 67.97% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 67.97% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. B A |
| &nbsp;&nbsp;&nbsp;249 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/02/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/06/2026 | Original LTV is Below the Guideline Maximum — Calculated LTV of 67.97% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 67.97% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. B A |
| &nbsp;&nbsp;&nbsp;153 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/02/2026 | Resolved | FVAL2477 | Property | Appraisal<br>incomplete<br>(missing<br>map,<br>layout,<br>pages, etc.) | On the XXX is XXX. On the appraisal, it reflects XXX. Lender did not update to the XXX. | Document Uploaded. | 04/10/2026 | Client provided Updated Appraisal reflecting XXX is XXX. LM Updated. | 04/13/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;153 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/02/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/06/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C A |
| &nbsp;&nbsp;&nbsp;153 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/06/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. C A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;204 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Acknowledged | FCOM5135 | Compliance | Missing<br>Required<br>Affiliated<br>Business<br>Disclosure | Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates. |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grading | 04/08/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.72% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.72% is less than Guideline LTV of 89.99% B A |
| &nbsp;&nbsp;&nbsp;204 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/02/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/06/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.72% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.72% is less than Guideline LTV of 89.99% B A |
| &nbsp;&nbsp;&nbsp;204 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/02/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/06/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.72% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.72% is less than Guideline LTV of 89.99% B A |
| &nbsp;&nbsp;&nbsp;218 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/02/2026 | Resolved | FCRE9814 | Credit | Missing<br>Trust<br>Agreement | Missing Trust Agreement Missing Trust Agreement | Document Uploaded. | 04/07/2026 | Trust Agreement Meets Guideline Requirements; Client provided Trust Agreement. LM Updated. | 04/08/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 71.54% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 71.54% is less than Guideline CLTV of 89.99% D B A |
| &nbsp;&nbsp;&nbsp;218 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Acknowledged | FCOM5135 | Compliance | Missing<br>Required<br>Affiliated<br>Business<br>Disclosure | Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates. |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grading | 04/08/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 71.54% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 71.54% is less than Guideline CLTV of 89.99% D B A |
| &nbsp;&nbsp;&nbsp;218 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/02/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/06/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 71.54% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 71.54% is less than Guideline CLTV of 89.99% D B A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;226 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 74.02% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 74.02% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;226 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 74.02% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 74.02% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;226 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 74.02% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 74.02% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;158 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close. |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grade | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 71.43% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 71.43% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;158 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Resolved | FCRE8999 | Credit | No<br>Credit<br>Findings | The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines. |  |  | Informational | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 71.43% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 71.43% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. B A |
| &nbsp;&nbsp;&nbsp;158 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 71.43% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 71.43% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. B A |
| &nbsp;&nbsp;&nbsp;222 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | finding-<br>3634 | Compliance | Charges<br>That<br>Cannot<br>Increase<br>Test | This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the XXX that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the XXX Appraisal Reinspection, the appraisal that shows "Subject to" repairs or alterations was received by the lender on XX/XX/XXXX and the fee was not disclosed within XXX business days | Document Uploaded. | 04/16/2026 | Valid COC received — exception resolved; Valid COC received — exception resolved | 04/17/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 64.97% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of % is less than Guideline DTI of XXX% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 64.97% is less than Guideline LTV of 89.99% C B A |
| &nbsp;&nbsp;&nbsp;222 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Acknowledged | FCOM3849 | Compliance | Evidence<br>of<br>Appraisal<br>Delivery<br>to<br>Borrower<br>not<br>Provided<br>or Late<br>(12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation. Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely. |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grade | 04/08/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 64.97% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of % is less than Guideline DTI of XXX% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 64.97% is less than Guideline LTV of 89.99% C B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;222 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/08/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 64.97% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of % is less than Guideline DTI of XXX% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 64.97% is less than Guideline LTV of 89.99% C B A |
| &nbsp;&nbsp;&nbsp;222 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/08/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 64.97% is less than Guideline CLTV of 89.99% \| Qualifying DTI below max allowed. — Calculated DTI of % is less than Guideline DTI of XXX% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 64.97% is less than Guideline LTV of 89.99% C B A |
| &nbsp;&nbsp;&nbsp;147 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Acknowledged | FCRE1148 | Credit | Title<br>Coverage is<br>Less than<br>Subject<br>Lien | Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX Title Coverage is insufficient by XXX provide title coverage of XXX as required by the XXX |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grade | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% B A |
| &nbsp;&nbsp;&nbsp;147 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% B A |
| &nbsp;&nbsp;&nbsp;147 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% B A |
| &nbsp;&nbsp;&nbsp;231 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/08/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;231 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/08/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;231 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/08/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Borrower has stable job time — Borrower has XXX years on job. A |
| &nbsp;&nbsp;&nbsp;239 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | finding-<br>3634 | Compliance | Charges<br>That<br>Cannot<br>Increase<br>Test | This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the XXX that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures. An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the points charged. On initial CD issued XX/XX/XXXX the points charged increased to XXX however file missing COC. | Document Uploaded. | 04/14/2026 | Valid COC provided; exception resolved; Valid COC provided; exception resolved | 04/15/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.84% is less than Guideline LTV of 89.99%. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.84% is less than Guideline CLTV of 89.99%. C B A |
| &nbsp;&nbsp;&nbsp;239 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Acknowledged | FCRE1148 | Credit | Title<br>Coverage is<br>Less than<br>Subject<br>Lien | Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX The coverage amount is XXX loan amount is XXX |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grade | 04/08/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.84% is less than Guideline LTV of 89.99%. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.84% is less than Guideline CLTV of 89.99%. C B A |
| &nbsp;&nbsp;&nbsp;239 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/08/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 76.84% is less than Guideline LTV of 89.99%. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 76.84% is less than Guideline CLTV of 89.99%. C B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;211 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FCRE1157 | Credit | Hazard<br>Insurance<br>Policy is<br>Missing | Missing Hazard Insurance Policy | Document Uploaded. | 04/16/2026 | Hazard Insurance Policy is fully present; Hazard provided | 04/17/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.38% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.38% is less than Guideline CLTV of 89.99% D A |
| &nbsp;&nbsp;&nbsp;211 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Resolved | FCRE1347 | Credit | Borrower<br>2 3rd<br>Party<br>VOE<br>Prior to<br>Close<br>Missing | Borrower 2 3rd Party VOE Prior to Close Missing | Document Uploaded. | 04/09/2026 | Borrower 2 3rd Party VOE Prior to Close Was Provided or Not Applicable (Number of Borrowers equals XXX); Client provided VOE dated XX/XX/XXXX. LM Updated. | 04/13/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.38% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.38% is less than Guideline CLTV of 89.99% D A |
| &nbsp;&nbsp;&nbsp;211 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Resolved | FCRE1293 | Credit | Income 2<br>Months<br>Income<br>Verified<br>is<br>Missing | Income 2 Months Income Verified is Missing | Document Uploaded. | 04/09/2026 | Income 2 Months Income Verified is Present Or Not Applicable; Client provided Paystub for B2 and W-2 For B2 for XXX LM Updated. | 04/13/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.38% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.38% is less than Guideline CLTV of 89.99% D A C |
| &nbsp;&nbsp;&nbsp;211 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FCRE1360 | Credit | Borrower<br>2<br>Paystubs<br>Missing | Borrower 2 Paystubs Missing | Document Uploaded. | 04/09/2026 | Borrower 2 Paystubs Provided or Not Applicable (Number of Borrowers equals XXX); Client provided Paystub for B2. LM Updated. | 04/13/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.38% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.38% is less than Guideline CLTV of 89.99% D A |
| &nbsp;&nbsp;&nbsp;211 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FCRE1358 | Credit | Borrower<br>2<br>W2/1099<br>Missing | Borrower 2 W2/1099 Missing. | Document Uploaded. | 04/09/2026 | Borrower 2 W2/XXX Provided or Not Applicable (Number of Borrowers equals XXX); Client provided W-2 For B2 for XXX LM Updated. | 04/13/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.38% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.38% is less than Guideline CLTV of 89.99% D A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;211 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FCRE7347 | Credit | Missing<br>Lease<br>Agreement | for property located at XXX | Document Uploaded. Property is reported on XXX for XXX days. We should not need a lease. | 04/09/2026 | Client provided XXX Reflecting XXX and States: Property is reported on XXX for XXX days. We should not need a lease. | 04/13/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.38% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.38% is less than Guideline CLTV of 89.99% D A |
| &nbsp;&nbsp;&nbsp;211 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in compliance with all applicable laws and regulations. |  |  | Informational | 04/08/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.38% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.38% is less than Guideline CLTV of 89.99% D A |
| &nbsp;&nbsp;&nbsp;211 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/08/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.38% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.38% is less than Guideline CLTV of 89.99% D A |
| &nbsp;&nbsp;&nbsp;211 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FCRE1241 | Credit | Purchase<br>Contract is<br>Missing | Loan Purpose is Purchase but Purchase Contract Doc is Missing |  |  | Purchase Contract Doc is not Missing, or is Not Applicable. Document received. | 05/06/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 79.38% is less than Guideline LTV of 89.99% \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.38% is less than Guideline CLTV of 89.99% D A |
| &nbsp;&nbsp;&nbsp;198 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception, Evidence confirming a copy of the appraisal was provided to the consumer at least XXX business days prior to the closing. If the borrower waive the XXX days timing requirement provide an executed appraisal waiver and evidence the appraisal was received the day of closing. |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grade | 04/08/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 26.51% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 26.51% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% B A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;198 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/08/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 26.51% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 26.51% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% B A |
| &nbsp;&nbsp;&nbsp;198 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines. |  |  | Informational | 04/08/2026 | Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 26.51% is less than Guideline CLTV of 89.99% \| Original LTV is Below the Guideline Maximum — Calculated LTV of 26.51% is less than Guideline LTV of 89.99% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% B A |
| &nbsp;&nbsp;&nbsp;243 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Acknowledged | FCOM5135 | Compliance | Missing<br>Required<br>Affiliated<br>Business<br>Disclosure | Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates. |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grade | 04/08/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX B A |
| &nbsp;&nbsp;&nbsp;243 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/08/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX B A |
| &nbsp;&nbsp;&nbsp;243 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/08/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX B A |
| &nbsp;&nbsp;&nbsp;168 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Acknowledged | FCOM3849 | Compliance | Evidence<br>of<br>Appraisal<br>Delivery<br>to<br>Borrower<br>not<br>Provided<br>or Late<br>(12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation. Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely. |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grade | 04/08/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 64.83% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 64.83% is less than Guideline CLTV of 89.99% B A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception Rebuttal** | **Exception Rebuttal Date** | **Exception Rebuttal Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating Factors** |
| &nbsp;&nbsp;&nbsp;168 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/06/2026 | Acknowledged | FCOM5135 | Compliance | Missing<br>Required<br>Affiliated<br>Business<br>Disclosure | Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates. |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grade | 04/08/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 64.83% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 64.83% is less than Guideline CLTV of 89.99% B A |
| &nbsp;&nbsp;&nbsp;168 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/08/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 64.83% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 64.83% is less than Guideline CLTV of 89.99% B A |
| &nbsp;&nbsp;&nbsp;168 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/08/2026 | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% \| Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Original LTV is Below the Guideline Maximum — Calculated LTV of 64.83% is less than Guideline LTV of 89.99% \| Borrower has stable job time — Borrower has XXX years on job. \| Original CLTV is Below the Guideline Maximum — Calculated CLTV of 64.83% is less than Guideline CLTV of 89.99% B A |
| &nbsp;&nbsp;&nbsp;182 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Acknowledged | FCOM3849 | Compliance | Evidence<br>of<br>Appraisal<br>Delivery<br>to<br>Borrower<br>not<br>Provided<br>or Late<br>(12<br>CFR 1002.14(a)(1)) | The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close. |  |  | Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grade | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% B A |
| &nbsp;&nbsp;&nbsp;182 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and valuations related findings were not identified on the loan. |  |  | Informational | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% B A |
| &nbsp;&nbsp;&nbsp;182 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM: Safe Harbor APOR (APOR SH) | Loan<br>Review<br>Complete | 04/03/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all applicable credit guidelines. |  |  | Informational | 04/08/2026 | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX \| Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% B A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;154 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/06/2026 | Resolved | FCRE2504 | Credit | Borrower 2<br>Verbal<br>Verification<br>of<br>Employment<br>does not<br>meet GSE<br>guideline<br>timing<br>requirement | B2XXX was<br>obtained<br>more than<br>XXX<br>business day<br>prior to the<br>Note. B2<br>Verbal<br>Verification<br>of<br>Employment<br>was<br>obtained<br>more than<br>XXX<br>business day<br>prior to the<br>Note. | Document<br>Uploaded. | 04/09/2026 | B2 Verbal<br>Verification<br>of<br>Employment<br>meets<br>guideline<br>timing<br>requirement.;<br>Client<br>provided<br>VVOE for<br>B2 dated<br>XX/XX/<br>XXXX. LM<br>Updated. | 04/13/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>69.52% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>69.52% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% C A |
| &nbsp;&nbsp;&nbsp;154 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/07/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and<br>valuations<br>related<br>findings<br>were not<br>identified on<br>the loan. |  |  | Informational | 04/09/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>69.52% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>69.52% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% C A |
| &nbsp;&nbsp;&nbsp;154 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/09/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>69.52% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>69.52% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% C A |
| &nbsp;&nbsp;&nbsp;174 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/08/2026 | Rescinded | FCRE1324 | Credit | Borrower 1<br>Tax Returns<br>Not Signed | Borrower 1<br>Tax Returns<br>Not Signed<br>The Tax<br>Return in<br>the file was<br>not signed. | Per<br>FNMA<br>B3-XXX-<br>XXX, a<br>signed<br>4506C<br>form is<br>acceptable<br>in lieu of<br>signed tax<br>returns.<br>The file<br>contains a<br>signed<br>4506C. | 04/13/2026 | Rescinded —<br>Per FNMA<br>B3-XXX-<br>XXX, a<br>signed<br>4506C form<br>is acceptable<br>in lieu of<br>signed tax<br>returns. The<br>file contains<br>a signed<br>4506C. | 04/16/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>77.44% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>77.44% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;174 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and<br>valuations<br>related<br>findings<br>were not<br>identified on<br>the loan.<br>Property and<br>valuations<br>related<br>findings<br>were not<br>identified on<br>the loan. |  |  | Informational | 04/09/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>77.44% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>77.44% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;174 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/09/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>77.44% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>77.44% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;195 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/09/2026 | Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>69.69% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>69.69% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX B A |
| &nbsp;&nbsp;&nbsp;195 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did<br>not contain<br>evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX-<br>business days<br>prior to the<br>consummation<br>date. If the<br>consumer<br>waived rights,<br>a copy still<br>needs to be<br>provided prior<br>to or at<br>consummation.<br>The violation<br>can be<br>resolved by<br>providing<br>evidence that<br>the consumer<br>received the<br>report in a<br>timely manner.<br>(12 CFR<br>XXX(a)(XXX)).<br>There is no<br>evidence of<br>Appraisal<br>delivery to the<br>borrower at<br>least XXX<br>business days<br>prior to the<br>consummation<br>date of XX/<br>XX/XXXX. |  |  | Acknowledged,<br>accepting 2/B<br>grading | 04/09/2026 | Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>69.69% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>69.69% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX B A |
| &nbsp;&nbsp;&nbsp;199 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Acknowledged | FCRE1188 | Credit | Audited<br>CLTV<br>Exceeds<br>AUS<br>CLTV | Audited CLTV<br>of 53.49%<br>exceeds AUS<br>CLTV of<br>53.48% Per<br>the loan<br>amount XXX<br>divided by the<br>appraisal value<br>of XXX time<br>XXX%<br>XXX% due to<br>round up | LPA<br>submission

#XXX<br>reflects a<br>loan<br>amount of<br>XXX and<br>a value of<br>XXX<br>which<br>matches<br>your<br>figures.<br>The<br>recommendation<br>is Accept<br>and no<br>messages<br>fired<br>reflecting<br>an issue<br>with<br>CLTV/<br>HCLTV.<br>In other<br>words, the<br>minor<br>difference<br>you are<br>referencing<br>is non-<br>material. | 04/13/2026 | Per client,<br>"LPA<br>submission

#XXX reflects<br>a loan amount<br>of XXX and a<br>value of XXX<br>which matches<br>your figures.<br>The<br>recommendation<br>is Accept and<br>no messages<br>fired reflecting<br>an issue with<br>CLTV/<br>HCLTV. In<br>other words,<br>the minor<br>difference you<br>are referencing<br>is non-<br>material.";<br>Audited CLTV<br>of 53.49%<br>exceeds AUS<br>CLTV of<br>53.48% Per the<br>loan amount<br>XXX divided<br>by the<br>appraisal value<br>of XXX time<br>XXX% XXX%<br>due to round up<br>; Audited<br>CLTV of<br>53.49% is less<br>than or equal to<br>AUS CLTV of<br>53.49% | 04/16/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>53.49% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>53.49% is<br>less than<br>Guideline<br>LTV of<br>89.99% C B A |
| &nbsp;&nbsp;&nbsp;199 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Acknowledged | FCRE1189 | Credit | Audited<br>HCLTV<br>Exceeds<br>AUS<br>HCLTV | Audited<br>HCLTV of<br>53.49%<br>exceeds AUS<br>HCLTV of<br>53.48% Per<br>the loan<br>amount XXX<br>divided by the<br>appraisal value<br>of XXX time<br>XXX%<br>XXX% due to<br>round up | LPA<br>submission

#XXX<br>reflects a<br>loan<br>amount of<br>XXX and<br>a value of<br>XXX<br>which<br>matches<br>your<br>figures.<br>The<br>recommendation<br>is Accept<br>and no<br>messages<br>fired<br>reflecting<br>an issue<br>with<br>CLTV/<br>HCLTV.<br>In other<br>words, the<br>minor<br>difference<br>you are<br>referencing<br>is non-<br>material. | 04/13/2026 | Per client,<br>"LPA<br>submission

#XXX reflects<br>a loan amount<br>of XXX and a<br>value of XXX<br>which matches<br>your figures.<br>The<br>recommendation<br>is Accept and<br>no messages<br>fired reflecting<br>an issue with<br>CLTV/<br>HCLTV. In<br>other words,<br>the minor<br>difference you<br>are referencing<br>is non-<br>material.";<br>Audited<br>HCLTV of<br>53.49%<br>exceeds AUS<br>HCLTV of<br>53.48% Per the<br>loan amount<br>XXX divided<br>by the<br>appraisal value<br>of XXX time<br>XXX% XXX%<br>due to round up<br>; Audited<br>HCLTV of<br>53.49% is less<br>than or equal to<br>AUS HCLTV<br>of 53.49% | 04/16/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>53.49% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>53.49% is<br>less than<br>Guideline<br>LTV of<br>89.99% C B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;199 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/09/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>53.49% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>53.49% is<br>less than<br>Guideline<br>LTV of<br>89.99% C B A |
| &nbsp;&nbsp;&nbsp;199 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan.<br>Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/09/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>53.49% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>53.49% is<br>less than<br>Guideline<br>LTV of<br>89.99% C B A |
| &nbsp;&nbsp;&nbsp;199 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines.<br>The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/09/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>53.49% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>53.49% is<br>less than<br>Guideline<br>LTV of<br>89.99% C B A |
| &nbsp;&nbsp;&nbsp;237 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | FCRE1185 | Credit | AUS<br>Partially<br>Provided | AUS<br>Partially<br>Provided.<br>See page<br>XXX,<br>XXX<br>Partially<br>Provided. | Document<br>Uploaded. | 04/13/2026 | AUS is not<br>incomplete.;<br>Full DU<br>provided | 04/16/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>63.64% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>63.64% is<br>less than<br>Guideline<br>LTV of<br>89.99% D A |
| &nbsp;&nbsp;&nbsp;237 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/09/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>63.64% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>63.64% is<br>less than<br>Guideline<br>LTV of<br>89.99% D A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;237 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/09/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>63.64% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>63.64% is<br>less than<br>Guideline<br>LTV of<br>89.99% D A |
| &nbsp;&nbsp;&nbsp;191 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/10/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>39.22% is<br>less than<br>Guideline<br>CLTV of<br>80% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>39.22% is<br>less than<br>Guideline<br>LTV of<br>80% B A |
| &nbsp;&nbsp;&nbsp;191 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/08/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/09/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>39.22% is<br>less than<br>Guideline<br>CLTV of<br>80% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>39.22% is<br>less than<br>Guideline<br>LTV of<br>80% B A |
| &nbsp;&nbsp;&nbsp;191 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets<br>all applicable<br>credit<br>guidelines. |  |  | Informational | 04/09/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>39.22% is<br>less than<br>Guideline<br>CLTV of<br>80% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>39.22% is<br>less than<br>Guideline<br>LTV of<br>80% B A |
| &nbsp;&nbsp;&nbsp;191 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/08/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did<br>not contain<br>evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX-<br>business days<br>prior to the<br>consummation<br>date. If the<br>consumer<br>waived rights,<br>a copy still<br>needs to be<br>provided prior<br>to or at<br>consummation.<br>The violation<br>can be<br>resolved by<br>providing<br>evidence that<br>the consumer<br>received the<br>report in a<br>timely manner.<br>(12 CFR<br>XXX(a)(XXX)).<br>Documentation<br>required to<br>clear<br>exception: The<br>document<br>provided (pg<br>XXX)<br>indicates that<br>the borrower<br>either<br>received, or<br>chose to waive<br>the right to<br>receive the<br>appraisal at<br>least XXX<br>days prior to<br>consummation,<br>but does not<br>confirm the<br>borrower<br>received the<br>appraisal at or<br>prior to<br>consummation.<br>Provide<br>documentation<br>to show the<br>date the<br>borrower<br>received the<br>appraisal to<br>confirm it was<br>received by the<br>borrower<br>timely. |  |  | Acknowledged,<br>accepting 2/B<br>grading | 04/09/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>39.22% is<br>less than<br>Guideline<br>CLTV of<br>80% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>39.22% is<br>less than<br>Guideline<br>LTV of<br>80% B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;191 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/08/2026 | Acknowledged | FCOM5135 | Compliance | Missing<br>Required<br>Affiliated<br>Business<br>Disclosure | Required<br>Affiliated<br>Business<br>Disclosure<br>Missing.<br>Documentation<br>required to<br>clear<br>exception:<br>Please provide<br>proof that the<br>Affiliated<br>Business<br>Disclosure was<br>provided prior<br>to closing or<br>provide<br>confirmation<br>that the lender<br>has no<br>affiliates. |  |  | Acknowledged,<br>accepting 2/B<br>grading | 04/09/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>39.22% is<br>less than<br>Guideline<br>CLTV of<br>80% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>39.22% is<br>less than<br>Guideline<br>LTV of<br>80% B A |
| &nbsp;&nbsp;&nbsp;157 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/17/2026 | Resolved | FCRE2507 | Credit | Borrower 1<br>Verbal<br>Verification<br>of<br>Employment<br>does not<br>meet<br>guideline<br>timing<br>requirement | B1 Verbal<br>Verification of<br>Employment<br>was obtained<br>more than<br>XXX business<br>day prior to the<br>Note. Refer to<br>lender<br>guidelines.<br>Client<br>provided<br>trailing<br>printout from<br>XXX however<br>no date<br>provided<br>within XXX<br>days of note. | VVOE is<br>not<br>required.<br>The<br>borrower<br>receives<br>business<br>distributions<br>(or non-W-<br>2 income)<br>rather than<br>standard<br>payroll,<br>standard<br>HR<br>verification<br>is<br>impractical<br>and the<br>borrower is<br>not<br>considered<br>SE due to<br>ownership<br>< XXX%<br>The XXX<br>day VVOE<br>is not<br>required as<br>the<br>borrower is<br>no<br>considered<br>SE by<br>definition.<br>The<br>borrowers<br>income was<br>correctly<br>entered on<br>the Final<br>1003 under<br>Section 1e<br>— not<br>requiring a<br>standard<br>VVOE.<br>This aligns<br>to FNMA<br>guidelines. | 04/30/2026 | Borrower is a<br>XXX, 05/01/2026 Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>75% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>75% is<br>less than<br>Guideline<br>CLTV of<br>89.99% D A A A D A A A A A D D A A D D A A D D A A D D A A D D A A A A A A A A A A A A A A A A A A A A A A |  |  |
| &nbsp;&nbsp;&nbsp;157 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FCRE1316 | Credit | Borrower 1<br>3rd Party<br>VOE Prior<br>to Close<br>Missing | Borrower 1<br>3rd Party VOE<br>Prior to Close<br>Missing No<br>3rd party<br>documentation<br>in file. | Document<br>Uploaded. | 04/15/2026 | Borrower 1 3rd<br>Party VOE<br>Prior to Close<br>Was Provided.;<br>Business<br>verification<br>provided | 04/17/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>75% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>75% is<br>less than<br>Guideline<br>CLTV of<br>89.99% D A |
| &nbsp;&nbsp;&nbsp;157 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/10/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>75% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>75% is<br>less than<br>Guideline<br>CLTV of<br>89.99% D A |
| &nbsp;&nbsp;&nbsp;157 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/10/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>75% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>75% is<br>less than<br>Guideline<br>CLTV of<br>89.99% D A |
| &nbsp;&nbsp;&nbsp;145 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan.<br>Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/10/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;145 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/10/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;266 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FCRE1185 | Credit | AUS<br>Partially<br>Provided | AUS Partially<br>Provided. AUS<br>Partially<br>Provided. | Document<br>Uploaded. | 04/13/2026 | AUS is not<br>incomplete.;<br>DU provided. | 04/16/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>67.9% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>67.9% is<br>less than<br>Guideline<br>LTV of<br>89.99% D B A |
| &nbsp;&nbsp;&nbsp;266 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did<br>not contain<br>evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX-<br>business days<br>prior to the<br>consummation<br>date. If the<br>consumer<br>waived rights,<br>a copy still<br>needs to be<br>provided prior<br>to or at<br>consummation.<br>The violation<br>can be<br>resolved by<br>providing<br>evidence that<br>the consumer<br>received the<br>report in a<br>timely manner.<br>(12 CFR<br>XXX(a)(XXX)).<br>Documentation<br>required to<br>clear<br>exception:<br>Evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX<br>business days<br>prior to the<br>closing date is<br>required but<br>missing from<br>the file. If<br>borrower<br>waived thee<br>XXX day<br>timing<br>requirement<br>provide an<br>executed<br>appraisal<br>waiver and<br>evidence the<br>appraisal was<br>received the<br>day of closing |  |  | Acknowledged,<br>accepting 2/B<br>grading | 04/10/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>67.9% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>67.9% is<br>less than<br>Guideline<br>LTV of<br>89.99% D B A |
| &nbsp;&nbsp;&nbsp;266 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/09/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/10/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>67.9% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>67.9% is<br>less than<br>Guideline<br>LTV of<br>89.99% D B A |
| &nbsp;&nbsp;&nbsp;194 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets<br>all applicable<br>credit<br>guidelines. |  |  | Informational | 04/13/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;194 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/13/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;194 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/13/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |

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| &nbsp;&nbsp;&nbsp;&nbsp; **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;151 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in<br>compliance with all<br>applicable laws and<br>regulations. |  |  | Informational | 04/13/2026 | Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>70% is<br>less than<br>Guideline<br>LTV of<br>80% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>70% is<br>less than<br>Guideline<br>CLTV of<br>80% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;151 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/13/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and valuations<br>related findings were not<br>identified on the loan. |  |  | Informational | 04/13/2026 | Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>70% is<br>less than<br>Guideline<br>LTV of<br>80% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>70% is<br>less than<br>Guideline<br>CLTV of<br>80% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;151 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/13/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets all<br>applicable credit<br>guidelines. |  |  | Informational | 04/13/2026 | Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>70% is<br>less than<br>Guideline<br>LTV of<br>80% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>70% is<br>less than<br>Guideline<br>CLTV of<br>80% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;227 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/13/2026 | Resolved | FCRE1479 | Credit | Asset 1 Does<br>Not Meet<br>Guideline<br>Requirements | Asset Record XXX Does<br>Not Meet G/L<br>Requirements. Assets are<br>needed for reserves. The<br>Final 1003 reflects a<br>checking account with<br>XXX and a balance of<br>XXX that was not<br>documented in the file.<br>AUS requires an account<br>Statement covering a<br>XXX-month period to<br>verify sufficient assets<br>for reserves. | Document<br>Uploaded. | 04/15/2026 | Asset Record<br>XXX Meets<br>G/L<br>Requirements;<br>Statement<br>provided | 04/21/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>78.55% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>78.55% is<br>less than<br>Guideline<br>CLTV of<br>89.99% D A C |
| &nbsp;&nbsp;&nbsp;227 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FCRE9995 | Credit | Audited<br>Reserves are<br>less than<br>Guideline<br>Required<br>Reserves<br>(Dollar<br>Amount) | Audited Reserves of $are less than Guideline<br>Required Reserves of<br>XXX The Final 1003<br>reflects a XXX checking<br>account (#XXX) with an<br>asset value of $XXX;<br>however, supporting<br>documentation is<br>missing, and the required<br>reserves are not covered. | Document<br>Uploaded. | 04/15/2026 | Audited<br>Reserves of<br>XXX are<br>equal to or<br>greater than<br>AUS<br>Required<br>Reserves of<br>XXX | 04/17/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>78.55% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>78.55% is<br>less than<br>Guideline<br>CLTV of<br>89.99% D A C |
| &nbsp;&nbsp;&nbsp;227 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FCRE1198 | Credit | Audited<br>Reserves are<br>less than<br>Guideline<br>Required<br>Reserves<br>(Number of<br>Months) | Audited Reserves of<br>month(s) are less than<br>Guideline Required<br>Reserves of XXX<br>month(s) The Final 1003<br>reflects a XXX checking<br>account (#XXX) with an<br>asset value of $XXX;<br>however, supporting<br>documentation is<br>missing, and the required<br>reserves are not covered. | Document<br>Uploaded. | 04/15/2026 | Audited<br>Reserves of<br>XX/XX/<br>XXXX<br>month(s) are<br>greater than or<br>equal to<br>Guideline<br>Required<br>Reserves of<br>XXX<br>month(s) | 04/17/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>78.55% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>78.55% is<br>less than<br>Guideline<br>CLTV of<br>89.99% D A C |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;227 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FCRE1360 | Credit | Borrower 2<br>Paystubs<br>Missing | Borrower 2<br>Paystubs<br>Missing AUS<br>requires a<br>YTD paystub<br>fromXXX, or<br>a written VOE,<br>documenting<br>all YTD<br>earnings. | Document<br>Uploaded. | 04/15/2026 | Borrower 2<br>Paystubs<br>Provided or<br>Not Applicable<br>(Number of<br>Borrowers<br>equals XXX).;<br>Paystub<br>provided | 04/17/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>78.55% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>78.55% is<br>less than<br>Guideline<br>CLTV of<br>89.99% D A |
| &nbsp;&nbsp;&nbsp;227 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/13/2026 | Resolved | FCRE1358 | Credit | Borrower 2<br>W2/1099<br>Missing | Borrower 2<br>W2/1099<br>Missing. AUS<br>requires a W-2<br>from XXX for<br>the most recent<br>calendar year. | Document<br>Uploaded. | 04/15/2026 | Borrower 2<br>W2/XXX<br>Provided or<br>Not Applicable<br>(Number of<br>Borrowers<br>equals XXX);<br>W2 provided | 04/17/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>78.55% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>78.55% is<br>less than<br>Guideline<br>CLTV of<br>89.99% D A |
| &nbsp;&nbsp;&nbsp;227 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/13/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>78.55% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>78.55% is<br>less than<br>Guideline<br>CLTV of<br>89.99% D A |
| &nbsp;&nbsp;&nbsp;227 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/13/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>78.55% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>78.55% is<br>less than<br>Guideline<br>CLTV of<br>89.99% D A |
| &nbsp;&nbsp;&nbsp;225 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/13/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did<br>not contain<br>evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX-<br>business days<br>prior to the<br>consummation<br>date. If the<br>consumer<br>waived rights,<br>a copy still<br>needs to be<br>provided prior<br>to or at<br>consummation.<br>The violation<br>can be<br>resolved by<br>providing<br>evidence that<br>the consumer<br>received the<br>report in a<br>timely manner.<br>(12 CFR<br>XXX(a)(XXX)).<br>Documentation<br>required to<br>clear<br>exception:<br>Evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX<br>business days<br>prior to the<br>consummation<br>date is<br>required but<br>missing from<br>the file. If<br>borrower<br>waived the<br>XXX day<br>timing<br>requirement,<br>provide an<br>executed<br>appraisal<br>waiver and<br>evidence the<br>appraisal was<br>received the<br>day of close. |  |  | ;<br>Acknowledged,<br>accepting 2/B<br>grading | 05/06/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>64.33% is<br>less than<br>Guideline<br>LTV of<br>89.9% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>64.33% is<br>less than<br>Guideline<br>CLTV of<br>89.9% B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;225 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/13/2026 | Acknowledged | FCOM5135 | Compliance | Missing<br>Required<br>Affiliated<br>Business<br>Disclosure | Required<br>Affiliated<br>Business<br>Disclosure<br>Missing.<br>Documentation<br>required to<br>clear<br>exception:<br>Please provide<br>proof that the<br>Affiliated<br>Business<br>Disclosure was<br>provided prior<br>to closing or<br>provide<br>confirmation<br>that the lender<br>has no<br>affiliates. |  |  | ;<br>Acknowledged,<br>accepting 2/B<br>grading | 05/06/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>64.33% is<br>less than<br>Guideline<br>LTV of<br>89.9% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>64.33% is<br>less than<br>Guideline<br>CLTV of<br>89.9% B A |
| &nbsp;&nbsp;&nbsp;225 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets<br>all applicable<br>credit<br>guidelines. |  |  | Informational | 04/13/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>64.33% is<br>less than<br>Guideline<br>LTV of<br>89.9% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>64.33% is<br>less than<br>Guideline<br>CLTV of<br>89.9% B A |
| &nbsp;&nbsp;&nbsp;225 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/10/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/13/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>64.33% is<br>less than<br>Guideline<br>LTV of<br>89.9% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>64.33% is<br>less than<br>Guideline<br>CLTV of<br>89.9% B A |
| &nbsp;&nbsp;&nbsp;148 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets<br>all applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;148 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;148 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;206 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of %<br>is less<br>than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>67.74% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>67.74% is<br>less than<br>Guideline<br>LTV of<br>89.99% A |
| &nbsp;&nbsp;&nbsp;206 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of %<br>is less<br>than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>67.74% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>67.74% is<br>less than<br>Guideline<br>LTV of<br>89.99% A |
| &nbsp;&nbsp;&nbsp;206 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of %<br>is less<br>than<br>Guideline<br>DTI of<br>XXX% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>67.74% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>67.74% is<br>less than<br>Guideline<br>LTV of<br>89.99% A |
| &nbsp;&nbsp;&nbsp;210 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;210 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;210 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;246 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>57.4% is<br>less than<br>Guideline<br>LTV of<br>89% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>57.4% is<br>less than<br>Guideline<br>CLTV of<br>89% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;246 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/15/2026 | Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>57.4% is<br>less than<br>Guideline<br>LTV of<br>89% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>57.4% is<br>less than<br>Guideline<br>CLTV of<br>89% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;246 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>57.4% is<br>less than<br>Guideline<br>LTV of<br>89% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>57.4% is<br>less than<br>Guideline<br>CLTV of<br>89% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;221 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/15/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>78.09% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>78.09% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;221 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>78.09% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>78.09% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;221 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>78.09% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>78.09% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;139 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>46.9% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>46.9% is<br>less than<br>Guideline<br>LTV of<br>89.99% A |
| &nbsp;&nbsp;&nbsp;139 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>46.9% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>46.9% is<br>less than<br>Guideline<br>LTV of<br>89.99% A |
| &nbsp;&nbsp;&nbsp;139 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>46.9% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>46.9% is<br>less than<br>Guideline<br>LTV of<br>89.99% A |
| &nbsp;&nbsp;&nbsp;240 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines.<br>The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>58.97% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>58.97% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;240 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan.<br>Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>58.97% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>58.97% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;240 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>58.97% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>58.97% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;179 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>71.6% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>71.6% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;179 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>71.6% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>71.6% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;179 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>71.6% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>71.6% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;170 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% A |
| &nbsp;&nbsp;&nbsp;170 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;170 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% A |
| &nbsp;&nbsp;&nbsp;233 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;233 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;233 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;178 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% A |
| &nbsp;&nbsp;&nbsp;178 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% A |
| &nbsp;&nbsp;&nbsp;178 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;156 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did<br>not contain<br>evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX-<br>business days<br>prior to the<br>consummation<br>date. If the<br>consumer<br>waived rights,<br>a copy still<br>needs to be<br>provided prior<br>to or at<br>consummation.<br>The violation<br>can be<br>resolved by<br>providing<br>evidence that<br>the consumer<br>received the<br>report in a<br>timely manner.<br>(12 CFR<br>XXX(a)(XXX)).<br>Documentation<br>required to<br>clear<br>exception:<br>Evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX-<br>business days<br>prior to the<br>consummation<br>date is<br>required, but<br>missing from<br>the file. If<br>borrower<br>waived the<br>XXX day<br>timing<br>requirement,<br>provide an<br>executed<br>appraisal<br>waiver and<br>evidence the<br>appraisal was<br>received the<br>day of close. |  |  | Acknowledged,<br>accepting 2/B<br>grading | 04/16/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>74.47% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>74.47% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. B A |
| &nbsp;&nbsp;&nbsp;156 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>74.47% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>74.47% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. B A |
| &nbsp;&nbsp;&nbsp;156 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets<br>all applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>74.47% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>74.47% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. B A |
| &nbsp;&nbsp;&nbsp;185 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>70% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>70% is<br>less than<br>Guideline<br>CLTV of<br>89.99% A |
| &nbsp;&nbsp;&nbsp;185 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/15/2026 | Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>70% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>70% is<br>less than<br>Guideline<br>CLTV of<br>89.99% A |
| &nbsp;&nbsp;&nbsp;185 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets<br>all applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>70% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>70% is<br>less than<br>Guideline<br>CLTV of<br>89.99% A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;184 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;184 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;184 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;219 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/15/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;219 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/14/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/15/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;219 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;229 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/16/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;229 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 04/16/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;229 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/15/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;217 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/16/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;217 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/16/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;217 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and<br>valuations<br>related<br>findings<br>were not<br>identified on<br>the loan. |  |  | Informational | 04/16/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;181 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/16/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% A |
| &nbsp;&nbsp;&nbsp;181 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and<br>valuations<br>related<br>findings<br>were not<br>identified on<br>the loan. |  |  | Informational | 04/16/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% A |
| &nbsp;&nbsp;&nbsp;181 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 04/16/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% A |
| &nbsp;&nbsp;&nbsp;242 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Acknowledged | FCRE1183 | Credit | Approval/<br>Underwriting<br>Summary<br>Partially<br>Provided | Approval/<br>Underwriting<br>Summary<br>Partially<br>Provided.<br>See page<br>XXX only<br>XX/XX/<br>XXXX of<br>the page is<br>visible |  |  | Acknowledged,<br>accepting 2/B<br>grading | 04/17/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;242 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did<br>not contain<br>evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX-<br>business days<br>prior to the<br>consummation<br>date. If the<br>consumer<br>waived rights,<br>a copy still<br>needs to be<br>provided prior<br>to or at<br>consummation.<br>The violation<br>can be<br>resolved by<br>providing<br>evidence that<br>the consumer<br>received the<br>report in a<br>timely manner.<br>(12 CFR<br>XXX(a)(XXX)).<br>Documentation<br>required to<br>clear<br>exception:<br>Evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX-<br>business days<br>prior to the<br>consummation<br>date is<br>required, but<br>missing from<br>the file. If<br>borrower<br>waived the<br>XXX day<br>timing<br>requirement,<br>provide an<br>executed<br>appraisal<br>waiver and<br>evidence the<br>appraisal was<br>received the<br>day of close. |  |  | Acknowledged,<br>accepting 2/B<br>grading | 04/17/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% B A |
| &nbsp;&nbsp;&nbsp;242 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/16/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% B A |
| &nbsp;&nbsp;&nbsp;220 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/16/2026 | Acknowledged | FCRE9785 | Credit | Purchase<br>Contract is<br>Incomplete | Loan Purpose<br>is Purchase but<br>Purchase<br>Contract Doc<br>is Incomplete<br>The final<br>Closing<br>Disclosure<br>(CD) reflects a<br>seller credit of<br>XXX that is<br>not reflected<br>on the<br>purchase<br>contract. An<br>addendum to<br>the contract<br>reflecting the<br>credit is<br>required. |  |  | Acknowledged,<br>accepting 2/B<br>grading | 04/17/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. B A |
| &nbsp;&nbsp;&nbsp;220 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 04/16/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. B A |
| &nbsp;&nbsp;&nbsp;220 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/16/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. B A |
| &nbsp;&nbsp;&nbsp;173 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 04/16/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>47.21% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>47.21% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;173 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets<br>all applicable<br>credit<br>guidelines. |  |  | Informational | 04/16/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>47.21% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>47.21% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;173 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Resolved | FCOM8997 | Compliance | No Compliance<br>Findings | The loan is in<br>compliance<br>with all<br>applicable laws<br>and regulations. |  |  | Informational | 04/16/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>47.21% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>47.21% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;212 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Acknowledged | FCOM1266 | Compliance | Homeownership<br>Counseling<br>Disclosure Is<br>Missing | Homeownership<br>Counseling<br>Disclosure Is<br>Missing<br>Documentation<br>required to clear<br>exception:<br>Provide<br>homeownership<br>counseling<br>disclosure that<br>was provided to<br>the consumer<br>within XXX-<br>business days of<br>application,<br>XX/XX/XXXX. |  |  | Acknowledged,<br>accepting 2/B<br>grading | 04/17/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>63.64% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>63.64% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX B A |
| &nbsp;&nbsp;&nbsp;212 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/15/2026 | Acknowledged | FCOM5135 | Compliance | Missing<br>Required<br>Affiliated<br>Business<br>Disclosure | Required<br>Affiliated<br>Business<br>Disclosure<br>Missing.<br>Documentation<br>required to clear<br>exception:<br>Please provide<br>proof that the<br>Affiliated<br>Business<br>Disclosure was<br>provided prior<br>to closing or<br>provide<br>confirmation<br>that the lender<br>has no affiliates. |  |  | Acknowledged,<br>accepting 2/B<br>grading | 04/17/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>63.64% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>63.64% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX B A |
| &nbsp;&nbsp;&nbsp;212 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and<br>valuations<br>related findings<br>were not<br>identified on the<br>loan. |  |  | Informational | 04/16/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>63.64% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>63.64% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX B A |
| &nbsp;&nbsp;&nbsp;212 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 04/16/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets<br>all applicable<br>credit<br>guidelines. |  |  | Informational | 04/16/2026 | Original<br>CLTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>CLTV of<br>63.64% is<br>less than<br>Guideline<br>CLTV of<br>89.99% \|<br>Original<br>LTV is<br>Below the<br>Guideline<br>Maximum<br>—<br>Calculated<br>LTV of<br>63.64% is<br>less than<br>Guideline<br>LTV of<br>89.99% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX B A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;252 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 02/05/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;252 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/04/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 02/05/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;252 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/04/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 02/05/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX A |
| &nbsp;&nbsp;&nbsp;254 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/06/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 02/09/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;254 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/06/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 02/09/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;254 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/09/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 02/09/2026 | Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;256 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/04/2026 | Resolved | FCRE1185 | Credit | AUS<br>Partially<br>Provided | AUS<br>Partially<br>Provided<br>The XXX<br>for<br>submission

#XXX is<br>incomplete<br>as it is<br>missing the<br>XXX and<br>all the<br>conditions<br>after

#XXX. A<br>complete<br>report is<br>required. | Document<br>Uploaded. | 02/18/2026 | AUS is not<br>incomplete;<br>complete<br>AUS<br>provided. ;<br>AUS<br>Partially<br>Provided The<br>XXX for<br>submission

#XXX is<br>incomplete<br>as it is<br>missing the<br>XXX and all<br>the<br>conditions<br>after #XXX.<br>A complete<br>report is<br>required. | 02/18/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. D A |
| &nbsp;&nbsp;&nbsp;256 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 02/05/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. D A |
| &nbsp;&nbsp;&nbsp;256 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/04/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 02/05/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. D A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;257 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Cured | finding-<br>3634 | Compliance | Charges That<br>Cannot<br>Increase Test | This loan<br>failed the<br>charges that<br>cannot<br>increase test.<br>(12 CFR<br>§1026.19(e)(3)(i))The<br>loan contains<br>charges that<br>exceed the<br>good faith<br>determination<br>according to<br>§1026.19(e)(3)(i)<br>ne or more of<br>the final<br>charges<br>exceed the<br>comparable<br>amount. Your<br>total tolerance<br>violation is<br>$XXX lease<br>see the<br>Tolerance<br>Comparison<br>Table that<br>displays the<br>Charges That<br>Cannot<br>Increase for a<br>comparison of<br>the data<br>between the<br>provided<br>disclosures.<br>An estimated<br>closing cost<br>disclosed<br>pursuant to<br>§1026.19(e) is<br>in good faith<br>if the charge<br>paid by or<br>imposed on<br>the consumer<br>does not<br>exceed the<br>amount<br>originally<br>disclosed<br>under<br>§1026.19(e)(1)(I).<br>The loan<br>failed charges<br>that cannot<br>increase test.<br>TILA 130b<br>Cure<br>Required.<br>Refund in the<br>amount of<br>$XXX; cure<br>package<br>requires a<br>PCCD, LOE,<br>Copy of<br>Refund<br>Check, and<br>Proof of<br>Delivery or<br>Valid COC.<br>The zero<br>tolerance<br>violation in<br>the amount of<br>XXX is due<br>to increase<br>from XXX to<br>XXX for the<br>Appraisal Fee<br>on the CD<br>dated XX/<br>XX/XXXX.<br>The increase<br>to the<br>Appraisal Fee<br>on the CD<br>dated XX/<br>XX/XXXX<br>was not<br>accepted. The<br>file contained<br>a COC dated<br>XX/XX/<br>XXXX on<br>page XXX;<br>however, the<br>COC does not<br>mention or<br>explain any<br>reason for the<br>Appraisal Fee<br>increase. | Document<br>Uploaded. | 02/20/2026 | Cure package<br>provided to<br>the borrower;<br>exception<br>downgraded<br>to a 2/B; Cure<br>package<br>provided to<br>the borrower;<br>exception<br>downgraded<br>to a 2/B | 02/23/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX C B A |
| &nbsp;&nbsp;&nbsp;257 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Resolved | FCRE1479 | Credit | Asset 1 Does<br>Not Meet<br>Guideline<br>Requirements | Asset Record<br>XXX Does<br>Not Meet G/L<br>Requirements.<br>Bank<br>Statement for<br>XXX with a<br>balance of<br>XXX was not<br>available at<br>the time of<br>review | Document<br>Uploaded.<br>Your initial<br>finding Stated<br>— Asset<br>Record XXX<br>Does Not<br>Meet G/L<br>Requirements.<br>Bank<br>Statement for<br>XXX with a<br>balance of<br>XXX was not<br>available at<br>the time of<br>review - We<br>had provided<br>ALL of the<br>BS that I am<br>providing<br>again. If you<br>were<br>"missing"<br>XXX months<br>of Statements,<br>then that<br>should be in<br>your initial<br>finding to<br>avoid having<br>to go back<br>and forth on<br>the same<br>finding. All of<br>these<br>documents<br>were already<br>provided ;<br>Document<br>Uploaded. | 02/19/2026 | Asset Record<br>XXX Meets<br>G/L<br>Requirements;<br>Evidence<br>provided.<br>Resolved. ;<br>Client<br>provided XX/<br>XX/XXXX<br>account

#XXX<br>Statement.<br>LM Updated.<br>However, per<br>DU if<br>depository<br>assets are<br>needed to<br>support the<br>amount of<br>funds required<br>and reserves:<br>Verify these<br>assets with a<br>verification of<br>deposit or<br>bank<br>Statements<br>covering a<br>two-month<br>period. Direct<br>verifications<br>provided by a<br>third party<br>asset<br>verification<br>vendor are<br>acceptable if<br>completed in<br>accordance<br>with the<br>Selling Guide.<br>; Asset<br>Record XXX<br>Does Not<br>Meet G/L<br>Requirements.<br>Bank<br>Statement for<br>XXX with a<br>balance of<br>XXX was not<br>available at<br>the time of<br>review | 02/19/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX C B A |
| &nbsp;&nbsp;&nbsp;257 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Resolved | FCRE1480 | Credit | Asset 2 Does<br>Not Meet<br>Guideline<br>Requirements | Asset Record<br>XXX Does<br>Not Meet G/L<br>Requirements<br>Bank<br>Statement for<br>XXX with a<br>balance of<br>XXX was not<br>available at<br>the time of<br>review | Your initial<br>finding Stated<br>— Asset<br>Record XXX<br>Does Not<br>Meet G/L<br>Requirements<br>Bank<br>Statement for<br>XXX with a<br>balance of<br>XXX was not<br>available at<br>the time of<br>review- I<br>provided that<br>—<br>Additionally,<br>Retirement<br>accounts do<br>not need to be<br>XXX months,<br>only bank<br>accounts. ;<br>Document<br>Uploaded. | 02/19/2026 | Asset Record<br>XXX Meets<br>G/L<br>Requirements<br>Or Not<br>Applicable;<br>Client<br>provided XX/<br>XX/XXXX<br>XXX XXX<br>401k account<br>Statement.<br>LM Updated.<br>However, per<br>DU if<br>depository<br>assets are<br>needed to<br>support the<br>amount of<br>funds required<br>and reserves:<br>Verify these<br>assets with a<br>verification of<br>deposit or<br>bank<br>Statements<br>covering a<br>two-month<br>period. Direct<br>verifications<br>provided by a<br>third party<br>asset<br>verification<br>vendor are<br>acceptable if<br>completed in<br>accordance<br>with the<br>Selling Guide.<br>; Asset<br>Record XXX<br>Does Not<br>Meet G/L<br>Requirements<br>Bank<br>Statement for<br>XXX with a<br>balance of<br>XXX was not<br>available at<br>the time of<br>review | 02/19/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX C B A |
| &nbsp;&nbsp;&nbsp;257 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 02/05/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. \|<br>Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX C B A |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;260 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/04/2026 | Resolved | FCOM1233 | Credit | The Final<br>1003 is<br>Incomplete | The Final 1003<br>is Incomplete<br>The liabilities<br>on the Final<br>1003 do not<br>match the<br>liabilities on<br>the DU credit<br>report. The<br>1003 reflects<br>debts with<br>XXX XXX<br>anD XXX that<br>all show as<br>XXX in the<br>credit report.<br>In addition,<br>1003 shows a<br>XXX payment<br>for XXX but<br>credit report<br>shows XXX A<br>revised Final<br>1003 with<br>liabilities<br>matching the<br>DU is<br>required. | Document<br>Uploaded. | 02/24/2026 | The Final 1003<br>is Present;<br>Client provided<br>XXX reflecting<br>a balance of<br>XXX and a<br>monthly<br>payment of<br>XXX report<br>reflects XXX<br>with balance of<br>XXX and<br>monthly<br>payment of<br>XXX balance<br>XXX and<br>monthly XXX<br>and XXX with<br>a balance of<br>XXX and<br>monthly XXX<br>Verified. LM<br>Updated.; The<br>Final 1003 is<br>Incomplete The<br>liabilities on<br>the Final 1003<br>do not match<br>the liabilities<br>on the DU<br>credit report.<br>The 1003<br>reflects debts<br>with XXX<br>XXX and XXX<br>that all show as<br>XXX in the<br>credit report. In<br>addition, 1003<br>shows a XXX<br>payment for<br>XXX but credit<br>report shows<br>XXX A revised<br>Final 1003<br>with liabilities<br>matching the<br>DU is required. | 02/25/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. D B A |
| &nbsp;&nbsp;&nbsp;260 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/04/2026 | Resolved | FCRE7495 | Credit | Verification<br>of<br>Borrower<br>Liabilities<br>Missing or<br>Incomplete | The Final 1003<br>reflects a new<br>debt with<br>XXX with<br>XXX balance<br>and XXX<br>payment that<br>was not<br>documented in<br>the file. A<br>credit<br>supplement or<br>account<br>Statement<br>reflecting the<br>current balance<br>and payment is<br>required. | Document<br>Uploaded. | 02/24/2026 | XXX report<br>reflects XXX<br>with balance of<br>XXX and<br>monthly<br>payment of<br>XXX LM<br>Updated. | 02/25/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. D B A |
| &nbsp;&nbsp;&nbsp;260 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did<br>not contain<br>evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX-<br>business days<br>prior to the<br>consummation<br>date. If the<br>consumer<br>waived rights,<br>a copy still<br>needs to be<br>provided prior<br>to or at<br>consummation.<br>The violation<br>can be<br>resolved by<br>providing<br>evidence that<br>the consumer<br>received the<br>report in a<br>timely manner.<br>(12 CFR<br>XXX(a)(XXX)).<br>Documentation<br>required to<br>clear<br>exception: The<br>document<br>provided<br>indicates that<br>the borrower<br>either<br>received, or<br>chose to waive<br>the right to<br>receive the<br>appraisal at<br>least XXX<br>days prior to<br>consummation,<br>but does not<br>confirm the<br>borrower<br>received the<br>appraisal at or<br>prior to<br>consummation.<br>Provide<br>documentation<br>to show the<br>date the<br>borrower<br>received the<br>appraisal to<br>confirm it was<br>received by the<br>borrower<br>timely. |  |  | Acknowledged,<br>accepting 2/B<br>grading.; The<br>file did not<br>contain<br>evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX-<br>business days<br>prior to the<br>consummation<br>date. If the<br>consumer<br>waived rights,<br>a copy still<br>needs to be<br>provided prior<br>to or at<br>consummation.<br>The violation<br>can be resolved<br>by providing<br>evidence that<br>the consumer<br>received the<br>report in a<br>timely manner.<br>(12 CFR<br>XXX(a)(XXX)).<br>Documentation<br>required to<br>clear<br>exception: The<br>document<br>provided<br>indicates that<br>the borrower<br>either received,<br>or chose to<br>waive the right<br>to receive the<br>appraisal at<br>least XXX<br>days prior to<br>consummation,<br>but does not<br>confirm the<br>borrower<br>received the<br>appraisal at or<br>prior to<br>consummation.<br>Provide<br>documentation<br>to show the<br>date the<br>borrower<br>received the<br>appraisal to<br>confirm it was<br>received by the<br>borrower<br>timely. | 02/24/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. D B A |
| &nbsp;&nbsp;&nbsp;260 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 02/05/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. D B A |
| &nbsp;&nbsp;&nbsp;251 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets<br>all applicable<br>credit<br>guidelines. |  |  | Informational | 02/05/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;251 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 02/05/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;251 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 02/05/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;250 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan<br>meets all<br>applicable<br>credit<br>guidelines. |  |  | Informational | 02/05/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;250 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 02/05/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;250 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/03/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 02/05/2026 | Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;253 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/11/2026 | Resolved | FCRE5809 | Credit | Missing<br>evidence of<br>self<br>employment | Unable to<br>locate<br>verification<br>of business<br>for self-<br>employment<br>for<br>secondary<br>income with<br>XXX. | Document<br>Uploaded.<br>Self<br>employments<br>that show<br>negative<br>income do<br>not require<br>proof of<br>business<br>being active | 02/20/2026 | Client States:<br>Self<br>employments<br>that show<br>negative<br>income do<br>not require<br>proof of<br>business<br>being active. | 02/23/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. D A |
| &nbsp;&nbsp;&nbsp;253 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/11/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is<br>in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 02/12/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. D A |
| &nbsp;&nbsp;&nbsp;253 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/11/2026 | Resolved | FPRO8998 | Property | No Property<br>Findings | Property<br>and<br>valuations<br>related<br>findings<br>were not<br>identified<br>on the loan. |  |  | Informational | 02/12/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. D A |
| &nbsp;&nbsp;&nbsp;258 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/12/2026 | Resolved | finding-<br>3634 | Compliance | Charges<br>That Cannot<br>Increase<br>Test | This loan<br>failed the<br>charges that<br>cannot<br>increase<br>test. (12<br>CFR<br>§1026.19(e)(3)(i))The<br>loan<br>contains<br>charges that<br>exceed the<br>good faith<br>determination<br>according to<br>§1026.19(e)(3)(i)<br>ne or more<br>of the final<br>charges<br>exceed the<br>comparable<br>amount.<br>Your total<br>tolerance<br>violation is<br>$XXX lease<br>see the<br>Tolerance<br>Comparison<br>Table that<br>displays the<br>Charges<br>That Cannot<br>Increase for<br>a<br>comparison<br>of the data<br>between the<br>provided<br>disclosures.<br>An<br>estimated<br>closing cost<br>disclosed<br>pursuant to<br>§1026.19(e)<br>is in good<br>faith if the<br>charge paid<br>by or<br>imposed on<br>the<br>consumer<br>does not<br>exceed the<br>amount<br>originally<br>disclosed<br>under<br>§1026.19(e)(1)(I).<br>TILA 130b<br>Cure<br>Required.<br>Refund in<br>the amount<br>of $XXX;<br>cure<br>package<br>requires a<br>PCCD,<br>LOE, Copy<br>of Refund<br>Check, and<br>Proof of<br>Delivery or<br>Valid COC.<br>The zero<br>tolerance<br>violation in<br>the amount<br>of XXX is<br>due to<br>increase<br>from XXX<br>to XXX for<br>the loan<br>discount<br>points fee<br>and from<br>XXX to<br>XXX for<br>the<br>mortgage<br>broker fee<br>on the CD<br>dated XX/<br>XX/XXXX<br>without<br>valid COC.<br>Although<br>the changes<br>appear to be<br>valid due to<br>loan amount<br>increase,<br>evidence to<br>verify date<br>of change<br>not in file.<br>Providing<br>evidence<br>may cure<br>the<br>violation. | Document<br>Uploaded. | 02/24/2026 | Valid COC<br>provided;<br>exception<br>resolved;<br>Valid COC<br>provided;<br>exception<br>resolved | 02/24/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. C B A |

---

------

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan<br>Number** | **Seller<br>Loan<br>Number** | **Originator** | **Last<br>Name** | **Note<br>Date** | **Original<br>Balance** | **State** | **TPR<br>QM<br>ATR<br>Status** | **Loan<br>Status** | **Exception<br>Date** | **Remediation<br>Status** | **Exception<br>ID** | **Exception<br>Type** | **Exception<br>Category** | **Exceptions** | **Exception<br>Rebuttal** | **Exception Rebuttal Date** | **Exception<br>Rebuttal<br>Response** | **Exception<br>Rebuttal<br>Response<br>Date** | **Compensating<br>Factors** |
| &nbsp;&nbsp;&nbsp;258 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/12/2026 | Acknowledged | FCOM3849 | Compliance | Evidence of<br>Appraisal<br>Delivery to<br>Borrower<br>not<br>Provided or<br>Late (12<br>CFR 1002.14(a)(1)) | The file did<br>not contain<br>evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX-<br>business days<br>prior to the<br>consummation<br>date. If the<br>consumer<br>waived rights,<br>a copy still<br>needs to be<br>provided prior<br>to or at<br>consummation.<br>The violation<br>can be<br>resolved by<br>providing<br>evidence that<br>the consumer<br>received the<br>report in a<br>timely manner.<br>(12 CFR<br>XXX(a)(XXX)).<br>Documentation<br>required to<br>clear<br>exception:<br>Evidence<br>confirming a<br>copy of the<br>appraisal was<br>provided to the<br>consumer at<br>least XXX<br>business days<br>prior to the<br>consummation<br>date is<br>required, but<br>missing from<br>the file.<br>Appraisal was<br>transferred<br>from XXX per<br>letter of<br>explanation;<br>however,<br>evidence to<br>verify date<br>appraisal was<br>received by<br>Borrower<br>missing. |  |  | Acknowledged,<br>accepting 2/B<br>grading. | 02/24/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. C B A |
| &nbsp;&nbsp;&nbsp;258 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/11/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets<br>all applicable<br>credit<br>guidelines. |  |  | Informational | 02/12/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. C B A |
| &nbsp;&nbsp;&nbsp;258 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/11/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 02/12/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Qualifying<br>DTI<br>below<br>max<br>allowed.<br>—<br>Calculated<br>DTI of<br>XXX% is<br>less than<br>Guideline<br>DTI of<br>XXX% \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. C B A |
| &nbsp;&nbsp;&nbsp;255 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/16/2026 | Resolved | FCOM8997 | Compliance | No<br>Compliance<br>Findings | The loan is in<br>compliance<br>with all<br>applicable<br>laws and<br>regulations. |  |  | Informational | 02/17/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;255 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/16/2026 | Resolved | FCRE8999 | Credit | No Credit<br>Findings | The loan meets<br>all applicable<br>credit<br>guidelines.<br>The loan meets<br>all applicable<br>credit<br>guidelines. |  |  | Informational | 02/17/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |
| &nbsp;&nbsp;&nbsp;255 |  | XXX | XXXXX | XX/<br>XX/<br>XXXX | $XXXXXX | XXX | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | Loan<br>Review<br>Complete | 02/16/2026 | Resolved | FPRO8998 | Property | No<br>Property<br>Findings | Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan.<br>Property and<br>valuations<br>related<br>findings were<br>not identified<br>on the loan. |  |  | Informational | 02/17/2026 | Qualifying<br>FICO is<br>Greater<br>than the<br>Guideline<br>Minimum<br>—<br>Qualifying<br>FICO of<br>XXX is<br>greater<br>than<br>Guideline<br>minimum<br>FICO of<br>XXX \|<br>Borrower<br>has stable<br>job time<br>—<br>Borrower<br>has XXX<br>years on<br>job. A |

---

## Exhibit 99.8

**EXHIBIT 99.8** 

**CONSOLIDATED ANALYTICS DATA COMPARE REPORT** 

------

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan ID** | **Seller Loan ID** | **Field Name** | **Verified Value** | **Bid Tape Value** | **Comment** |
| 216 |  | Application Date | XX/XX/XXXX | XX/XX/XXXX | Audit verified the XXX of XX/XX/XXXX on the initial 1003 form. |
| 216 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Borrower 2: Lender's calculated XXX monthly income of XXX was less than Audit's calculated income of $XXX. Borrower 1: Retirement income documentation not found and income not used a qualifying, causing the DTI to increase. |
| 203 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Audit DTI increased to XXX% due to including an auto loan with XXX #XXX as the credit report reflects this is an auto lease. |
| 146 |  | Note Date | XX/XX/XXXX | XX/XX/XXXX | The data reflects the XXX is it is detailed on the Note in file. |
| 146 |  | Qualifying FICO | XXX | XXX | True data reflects FICO score as it is on the Credit Report in file. |
| 146 |  | Property Type | XXX | XXX | True data reflects the XXX as it is detailed on the appraisal documentation in file. |
| 137 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | XXX is XXX due to the HOA |
| 196 |  | Note Date | XX/XX/XXXX | XX/XX/XXXX | Review data is correct per note. |
| 189 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | tax variance resulted in DTI discrepancy. CA used higher taxes listed on page XXX of XXX and XXX property taxes are higher at XXX monthly taken from page XXX |
| 177 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | XXX is XXX |
| 190 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Confirmed with XXX slight difference other income |
| 164 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | There is a discrepancy with the DTI due to the homeowners insurance. Per doc on pg XXX the total premium is $XXX/XXX=$XXX monthly vs the XXX on the XXX and Final 1003. |
| 193 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Confirmed all numbers match. |
| 208 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Discrepancy due to Taxes and HOI |
| 269 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Verified, DU and the XXX both reflect the Debt-to-Income Ratio at XXX% |
| 150 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Audit DTI is higher due to calculating higher rent loss. |
| 176 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | DTI increased due increase in Monthly payment of XXX Liability XXX — XXX Monthly Payment in 1003 is XXX However Credit Report shows Monthly Payment as XXX & We have Supporting XXX XXX month Statements showing Monthly Payment as XXX Refer Page XXX |
| 245 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | DTI matches the AUS in the file |
| 172 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Per final AUS/SUBMISSION XXX DTI IS XXX%. |
| 138 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | AUS has a different amount for the neg rent of XXX vs the 1003 and XXX of $XXX. |
| 144 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | The DTI is off due to the discrepancy in the liabilities. The AUS have the XXX payment omitted yet there is not proof of it. Even with it being omitted the DTI is still off. The payments are not the same that was submitted to AUS. |
| 167 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Qm Qualifying total debt to income ratio is XXX%, matches AUS submission #XXX, but does not match the last AUS submission #XXX. Appears monthly debts not showing to be able t o match where the discrepancy is, but id within XXX% tolerance. |
| 249 |  | Application Date | XX/XX/XXXX | XX/XX/XXXX | Verified as Per Initial 1003 document |
| 153 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | DTI discrepancy due to the following: Lender included a XXX relocation bonus in the XXX income calculation. This is a one-time bonus and not allowed to be used as it will not continue as part of B1's regular bonus program. |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan ID** | **Seller Loan ID** | **Field Name** | **Verified Value** | **Bid Tape Value** | **Comment** |
| 218 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | DTI discrepancy due to the following: XXX.Monthly XXX and Interest from the Note is $XXX. Lender is using XXX. DTI discrepancy between our calculation and the lender's calculation is due to a difference in bonus income. The AUS reflects a bonus of XXX while the 1003 reflects $XXX; therefore, the DTI does not match |
| 231 |  | Property Type | XXX | XXX | Per appraisal |
| 239 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | DTI is less due to the monthly debt |
| 198 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Audit DTI increased to XXX% due to audit calcualtion of rental loss for investment properties and included XXX payment. |
| 243 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | True data reflects ltv without rounding. |
| 154 |  | Property Zip Code | XXX | XXX | Verified, XXX with the Note: XXX. issue, Tape data not able to recognize the first number when it is a "XXX". |
| 195 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Review DTI is slightly higher due to a difference in rental income for two properties. For XXX XXX lender used is XXX while reviewer calculated $XXX. For XXX . lender calculated XXX while review calculated $XXX. Using reviewer's more conservative numbers resulted in a slightly higher DTI. Both DTIs are within guidelines and AUS tolerance. |
| 199 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | True data is correct per the tax documents K1 ,XXX, Retirement income and Social security Income was calculated based on the reviewed taxed documents. |
| 191 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | True data reflects DTI of XXX being rounded up. |
| 145 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | XXX |
| 266 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | DTI discrepancy due to Documented Monthly Property Tax in the amount of $XXX. The lender used XXX which is not supported by documentation. |
| 227 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Manual calculation of DTI : Total Monthly Liabilities XXX ÷ Total Qualifying Income XXX \* XXX = XXX% Rounded XXX% and the Tape data shows XXX%. |
| 139 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Variation in calculation from Schedule C Income. Auditor validated XXX+XXX or XXX a month. Unable to validate Lenders calculation of XXX however DTI is within tolerance of AUS and guidelines. |
| 184 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | True data reflects discrepancy due to tax documentation showing a higher tax amount than lender calculated. |
| 229 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Discrepancy due to B2 W2 income using base income instead of averaging W2's due to variable income. |
| 242 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | DTI discrepancy due to Documented Monthly Hazard Insurance in the amount of $XXX. The lender used XXX which is not supported by documentation. |
| 220 |  | QM Qualifying Total Debt Income Ratio | XXX | XXX | Audit DTI is >lender due to a discrepancy with the HOA amount. |
| 212 |  | Application Date | XX/XX/XXXX | XX/XX/XXXX | Confirmed XXX is XX/XX/XXXX, see page XXX |
| 260 |  | Qualifying Total Debt Income Ratio | XXX | XXX | Audit liabilities are lower based on credit report |
| 250 |  | Qualifying Total Debt Income Ratio | XXX | XXX | Rounding difference udit calculated DTI matched with AUS. |
| 253 |  | First Payment Date | XX/XX/XXXX | XX/XX/XXXX | Confirmed the same, verified on Note in file. |
| 253 |  | Qualifying Total Debt Income Ratio | XXX | XXX | Confirmed, DTI increased at audit after addition of HOA disclosed for XXX in file. Lender did not include HOA fee in DTI, but audit did. |
| 258 |  | First Payment Date | XX/XX/XXXX | XX/XX/XXXX | same value |
| 255 |  | First Payment Date | XX/XX/XXXX | XX/XX/XXXX | Note XXX is XX/XX/XXXX, data is same value. |
| 255 |  | Refinance Type | XXX | XXX | Loan is no cash out refinance, data is same value. |

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## Exhibit 99.9

**EXHIBIT 99.9** 

**CONSOLIDATED ANALYTICS GRADING SUMMARY REPORT** 

------

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>ID** | **Original<br>Loan<br>Amount** |
| &nbsp;&nbsp;&nbsp;&nbsp; 216 |  |  | $XXXXXX D B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 209 |  |  | $XXXXXX D C A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 143 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 203 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 236 |  |  | $XXXXXX A C |
| &nbsp;&nbsp;&nbsp;&nbsp; 214 |  |  | $XXXXXX D C A |
| &nbsp;&nbsp;&nbsp;&nbsp; 146 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 137 |  |  | $XXXXXX A C B |
| &nbsp;&nbsp;&nbsp;&nbsp; 238 |  |  | $XXXXXX A C |
| &nbsp;&nbsp;&nbsp;&nbsp; 196 |  |  | $XXXXXX A C |
| &nbsp;&nbsp;&nbsp;&nbsp; 189 |  |  | $XXXXXX A C |
| &nbsp;&nbsp;&nbsp;&nbsp; 177 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 188 |  |  | $XXXXXX A C |
| &nbsp;&nbsp;&nbsp;&nbsp; 215 |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 175 |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;&nbsp; 190 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 136 |  |  | $XXXXXX D B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 164 |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;&nbsp; 230 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 192 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 187 |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;&nbsp; 205 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 207 |  |  | $XXXXXX A B C |
| &nbsp;&nbsp;&nbsp;&nbsp; 193 |  |  | $XXXXXX A B D |
| &nbsp;&nbsp;&nbsp;&nbsp; 197 |  |  | $XXXXXX B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 208 |  |  | $XXXXXX A C |
| &nbsp;&nbsp;&nbsp;&nbsp; 201 |  |  | $XXXXXX C B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 234 |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;&nbsp; 169 |  |  | $XXXXXX A C B |

---

------

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>ID** | **Original<br>Loan<br>Amount** |
| &nbsp;&nbsp;&nbsp;&nbsp; 269 |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;&nbsp; 268 |  |  | $XXXXXX D B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 202 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 150 |  |  | $XXXXXX D B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 228 |  |  | $XXXXXX D C A |
| &nbsp;&nbsp;&nbsp;&nbsp; 232 |  |  | $XXXXXX A C B |
| &nbsp;&nbsp;&nbsp;&nbsp; 247 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 141 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 176 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 165 |  |  | $XXXXXX A C |
| &nbsp;&nbsp;&nbsp;&nbsp; 245 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 172 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 138 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 144 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 200 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 155 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 142 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 160 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 149 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 186 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 248 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 235 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 152 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 213 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 183 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 166 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 241 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 159 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 224 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 267 |  |  | $XXXXXX D A |

---

------

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>ID** | **Original<br>Loan<br>Amount** |
| &nbsp;&nbsp;&nbsp;&nbsp; 163 |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;&nbsp; 223 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 244 |  |  | $XXXXXX A C B |
| &nbsp;&nbsp;&nbsp;&nbsp; 140 |  |  | $XXXXXX C A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 162 |  |  | $XXXXXX A C |
| &nbsp;&nbsp;&nbsp;&nbsp; 161 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 180 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 167 |  |  | $XXXXXX D B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 171 |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;&nbsp; 249 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 153 |  |  | $XXXXXX A C |
| &nbsp;&nbsp;&nbsp;&nbsp; 204 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 218 |  |  | $XXXXXX D B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 226 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 158 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 222 |  |  | $XXXXXX A C B |
| &nbsp;&nbsp;&nbsp;&nbsp; 147 |  |  | $XXXXXX B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 231 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 239 |  |  | $XXXXXX B C A |
| &nbsp;&nbsp;&nbsp;&nbsp; 211 |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;&nbsp; 198 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 243 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 168 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 182 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 154 |  |  | $XXXXXX C A |
| &nbsp;&nbsp;&nbsp;&nbsp; 174 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 195 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 199 |  |  | $XXXXXX C A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 237 |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;&nbsp; 191 |  |  | $XXXXXX A B |

---

------

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>ID** | **Original<br>Loan<br>Amount** |
| &nbsp;&nbsp;&nbsp;&nbsp; 157 |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;&nbsp; 145 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 266 |  |  | $XXXXXX D B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 194 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 151 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 227 |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;&nbsp; 225 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 148 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 206 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 210 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 246 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 221 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 139 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 240 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 179 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 170 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 233 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 178 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 156 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 185 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 184 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 219 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 229 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 217 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 181 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 242 |  |  | $XXXXXX B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 220 |  |  | $XXXXXX B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 173 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 212 |  |  | $XXXXXX A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 252 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 254 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 256 |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;&nbsp; 257 |  |  | $XXXXXX C A B |
| &nbsp;&nbsp;&nbsp;&nbsp; 260 |  |  | $XXXXXX D B A |
| &nbsp;&nbsp;&nbsp;&nbsp; 251 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 250 |  |  | $XXXXXX A |
| &nbsp;&nbsp;&nbsp;&nbsp; 253 |  |  | $XXXXXX D A |
| &nbsp;&nbsp;&nbsp;&nbsp; 258 |  |  | $XXXXXX A C B |
| &nbsp;&nbsp;&nbsp;&nbsp; 255 |  |  | $XXXXXX A |

---

## Exhibit 99.10

**EXHIBIT 99.10** 

**CONSOLIDATED ANALYTICS ATR QM REPORT** 

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan ID** | **Lender<br>Application<br>Date** | **Final QM Status** | **QM Total<br>Points and Fees** | **APR** | **Residual<br>Income** | **Borrower 1<br>Employment<br>Indicator** | **Borrower 2<br>Employment<br>Indicator** | **Borrower 1<br>Foreign<br>National<br>Indicator** | **Borrower 2<br>Foreign<br>National<br>Indicator** | **Business<br>Purpose<br>Loan?** | **Business<br>Purpose<br>Verified?** |
| &nbsp;&nbsp;&nbsp;252 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 9819 | 6.642 | 15270.6 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;253 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 16495.73 | 6.483 | 33062.68 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;258 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 14973.33 | 6.285 | 17064.63 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;254 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 30352.69 | 6.781 | 35423.51 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;255 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 8648.92 | 6.727 | 18719.28 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;137 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 11019 | 6.142 | 13194.79 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;148 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 5081.4 | 5.923 | 57972.17 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;206 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 11841.2 | 5.852 | 25004.93 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;140 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 20744 | 6.817 | 10556.62 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;238 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 17574 | 6.521 | 13288.59 | Employed | Retired | No | No | No |  |
| &nbsp;&nbsp;&nbsp;163 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 6288.95 | 5.941 | 20003.62 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;196 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 10361 | 6.339 | 30065.74 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;166 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 16520.5 | 5.962 | 44693.03 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;162 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 19479 | 5.921 | 27386.94 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;210 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 12684 | 6.985 | 27266.77 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;161 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 10681 | 6.478 | 19612.26 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;143 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 42268.6 | 6.471 | 24521.02 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;226 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 23358.5 | 6.429 | 27310.36 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;157 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 11859.09 | 6.09 | 95907.91 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;158 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 31095 | 6.275 | 58921.77 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;194 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 11406.5 | 6.203 | 26288.63 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;209 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 9239 | 5.882 | 20290.24 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;174 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 7229.82 | 5.963 | 8933.91 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;145 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 10.85 | 5.781 | 7942.87 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;235 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 14090.8 | 6.517 | 22959.74 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;222 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 8014.23 | 5.944 | 23160.01 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;246 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 11267 | 6.211 | 12413.03 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;203 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 12382.91 | 6.234 | 13571.63 | Retired | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;177 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 15569 | 6.28 | 26402.79 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;195 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 27683.32 | 6.025 | 131220.24 | Not Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;201 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 11414.9 | 5.938 | 19649.76 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;221 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 15257.04 | 5.982 | 69241.32 | Employed | Employed | No | No | No |  |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan ID** | **Lender<br>Application<br>Date** | **Final QM Status** | **QM Total<br>Points and Fees** | **APR** | **Residual<br>Income** | **Borrower 1<br>Employment<br>Indicator** | **Borrower 2<br>Employment<br>Indicator** | **Borrower 1<br>Foreign<br>National<br>Indicator** | **Borrower 2<br>Foreign<br>National<br>Indicator** | **Business<br>Purpose<br>Loan?** | **Business<br>Purpose<br>Verified?** |
| &nbsp;&nbsp;&nbsp;139 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 8874.95 | 5.814 | 22321.98 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;199 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 13669.5 | 5.892 | 42816.35 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;236 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 12769 | 6.623 | 17314.51 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;240 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 12245.8 | 6.024 | 14768.76 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;214 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 24125.4 | 6.47 | 22960.9 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;141 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 14217.11 | 6.543 | 14129.91 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;176 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 16163 | 6.391 | 33221.89 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;179 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 4549 | 5.935 | 9879.82 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;164 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 31028.6 | 6.147 | 41128.54 | Not Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;188 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 16810 | 6.153 | 13275.42 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;171 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 8723.6 | 6.367 | 12901.78 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;147 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 12514.98 | 6.084 | 50178 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;215 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 17217 | 6.648 | 17307.2 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;152 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 18232.75 | 6.154 | 43360.28 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;234 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 14595.2 | 6.644 | 13988.99 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;231 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 13673.8 | 6.015 | 57131.43 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;146 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 15449 | 6.643 | 25092.71 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;230 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 11609.24 | 6.525 | 20000.2 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;192 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 22169 | 6.271 | 12657.89 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;197 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 22083.8 | 5.726 | 41114.08 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;175 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 23462.5 | 6.196 | 11152.25 | Retired | Retired | No | No | No |  |
| &nbsp;&nbsp;&nbsp;217 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 7916.84 | 6.125 | 21231.21 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;155 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 9472.2 | 5.934 | 32889.58 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;181 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 7166.84 | 6.007 | 60392.64 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;247 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 15073.85 | 6.386 | 29373.22 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;151 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 13063.75 | 6.384 | 21448.21 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;170 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 12627.8 | 6.124 | 24035.87 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;165 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 16374.5 | 6.188 | 9541.81 | Not Employed | Retired | No | No | No |  |
| &nbsp;&nbsp;&nbsp;190 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 33173 | 6.601 | 16204.42 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;242 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 14469 | 6.108 | 28615 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;228 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 20369 | 6.323 | 18254.5 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;142 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 34949 | 6.404 | 134237.25 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;220 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 25855.2 | 6.403 | 13304.48 | Employed |  | No |  | No |  |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan ID** | **Lender<br>Application<br>Date** | **Final QM Status** | **QM Total<br>Points and Fees** | **APR** | **Residual<br>Income** | **Borrower 1<br>Employment<br>Indicator** | **Borrower 2<br>Employment<br>Indicator** | **Borrower 1<br>Foreign<br>National<br>Indicator** | **Borrower 2<br>Foreign<br>National<br>Indicator** | **Business<br>Purpose<br>Loan?** | **Business<br>Purpose<br>Verified?** |
| &nbsp;&nbsp;&nbsp;233 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 16133.8 | 6.65 | 13420.95 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;178 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 6090.6 | 6.063 | 35610.49 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;213 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 16162.33 | 6.516 | 58583.14 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;160 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 11207.6 | 6.217 | 46605.45 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;241 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 19009 | 6.999 | 9566.04 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;149 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 9064.32 | 6.632 | 11304.4 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;159 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 11564 | 6.145 | 18844.28 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;224 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 10778 | 5.87 | 11700.93 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;256 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 21187 | 6.855 | 18343.63 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;257 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 25692.13 | 6.394 | 9783.42 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;244 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 7001.08 | 6.59 | 22388.44 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;223 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1295 | 6.399 | 45527.35 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;239 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 2360 | 5.952 | 12405.73 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;187 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 3644.66 | 6.931 | 154359.55 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;156 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 7078.03 | 6.199 | 12856.03 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;227 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 2587.46 | 5.905 | 31336.65 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;169 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1095 | 5.894 | 21813.7 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;211 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 2614.6 | 6.303 | 13360.7 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;185 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 13253.5 | 5.856 | 34845.97 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;205 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 2270.6 | 6.395 | 21487.48 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;184 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 11090 | 6.168 | 46647.52 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;200 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 7608 | 6.165 | 15644.07 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;219 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 37786.35 | 6.119 | 42810.31 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;183 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 2295 | 6.265 | 64660.38 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;189 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 3612.4 | 6.143 | 33400.88 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;237 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 7891.19 | 5.837 | 17612.13 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;154 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 7519.85 | 5.568 | 42021.02 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;267 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 3004 | 6.143 | 9212.47 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;136 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 3368.11 | 5.77 | 23197.92 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;269 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 3460 | 5.766 | 12627.67 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;268 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 14072.45 | 5.509 | 18099.76 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;266 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 18019.63 | 5.615 | 15327.88 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;260 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1395 | 6.887 | 13986.69 | Employed | Employed | No | No | No |  |

---

------

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Deal ID** | **Loan ID** | **Lender<br>Application<br>Date** | **Final QM Status** | **QM Total<br>Points and Fees** | **APR** | **Residual<br>Income** | **Borrower 1<br>Employment<br>Indicator** | **Borrower 2<br>Employment<br>Indicator** | **Borrower 1<br>Foreign<br>National<br>Indicator** | **Borrower 2<br>Foreign<br>National<br>Indicator** | **Business<br>Purpose<br>Loan?** | **Business<br>Purpose<br>Verified?** |
| &nbsp;&nbsp;&nbsp;251 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1490 | 6.724 | 42012.43 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;250 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 17598.85 | 6.982 | 22123.96 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;198 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 0 | 6.003 | 48000.07 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;180 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 8495 | 6.306 | 57322.03 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;216 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 4790 | 6.545 | 140564.41 | Retired | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;243 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1625 | 6.138 | 37406.1 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;144 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1695 | 6.654 | 17198.08 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;249 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1995 | 6.152 | 9945.42 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;167 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1135 | 6.271 | 27668.87 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;204 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 3721.76 | 6.164 | 29574.51 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;225 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1995 | 5.902 | 17914.54 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;208 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 2235 | 6.291 | 15240.28 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;168 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1794 | 6.141 | 37203.36 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;191 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1995 | 6.136 | 26373.46 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;207 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1995 | 6.148 | 17427.75 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;153 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 7320 | 5.851 | 16695.5 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;218 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 0 | 6.13 | 8575.42 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;182 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1170 | 6.562 | 15569.26 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;193 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 895 | 6.141 | 124325.51 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;186 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 14190 | 6.364 | 16951.58 | Employed |  | No | No | No |  |
| &nbsp;&nbsp;&nbsp;202 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 1170 | 6.529 | 15159.62 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;245 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 2045 | 6.016 | 20973.8 | Employed | Not Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;173 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 0 | 5.752 | 18676.76 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;212 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 14505 | 5.763 | 20609.16 | Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;232 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 5560 | 6.702 | 14753.13 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;229 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 7367 | 5.027 | 20658.35 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;150 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 2325 | 6.271 | 11615.25 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;138 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 2395 | 6.445 | 17997.86 | Not Employed |  | No |  | No |  |
| &nbsp;&nbsp;&nbsp;248 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 4975 | 6.295 | 22125.78 | Employed | Employed | No | No | No |  |
| &nbsp;&nbsp;&nbsp;172 | XXXXXX | XXXXXX | QM: Safe Harbor APOR (APOR SH) | 2175 | 6.649 | 21474.19 | Employed | Employed | No | No | No |  |

---

## Exhibit 99.11

**EXHIBIT 99.11** 

**CONSOLIDATED ANALYTICS VALUATIONS SUMMARY REPORT** 

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan ID** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Total<br>Adjusted<br>Prior<br>Purchase<br>Price** | **Primary<br>Appraised<br>Value** | **Primary<br>Appraisal<br>Date** | **Primary Appraisal Type** | **Value for<br>LTV** | **LTV** | **CLTV** | **Loan<br>Reviewed<br>Property<br>Value** | **Loan<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Reviewed<br>Variance<br>Percent** | **Loan<br>Reviewed<br>Product<br>Type** | **Loan<br>Post-<br>Close<br>Reviewed<br>Property<br>Value** | **Loan<br>Post-<br>Close<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Post-<br>Close<br>Reviewed<br>Variance<br>Percent** | **Loan Post-<br>Close<br>Reviewed<br>Product<br>Type** | **Second<br>Appraisal<br>Value** | **Second<br>Appraisal<br>Variance<br>Amount** | **Second<br>Appraisal<br>Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **AVM<br>Appraised<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Confidence<br>Score** | **FSD<br>Score** | **AVM<br>Company<br>Name** | **AVM<br>Product<br>Name** | **AVM<br>Appraisal<br>Date** | **Desk<br>Review<br>Appraised<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>Appraisal<br>Date** | **Second<br>Desk<br>Review<br>Variance<br>Amount** | **Second<br>Desk<br>Review<br>Variance<br>Percent** | **Second<br>Desk<br>Review<br>Appraisal<br>Date** | **Second<br>Desk<br>Review<br>Appraised<br>Value** | **Desk Top<br>Appraised<br>Value** | **Desk<br>Top<br>Variance<br>Amount** | **Desk<br>Top<br>Variance<br>Percent** | **Desk Top<br>Company** | **Desk Top<br>Appraisal<br>Date** | **BPO<br>Appraised<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Appraisal<br>Date** | **Field<br>Review<br>Appraised<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>Appraisal<br>Date** | **2055<br>Appraised<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Appraisal<br>Date** | **AVE/<br>CMA<br>Appraised<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>Appraisal<br>Date** | **Other<br>Appraised<br>Value** | **Other<br>Variance<br>Amount** | **Other<br>Variance<br>Percent** | **Other<br>Appraisal<br>Date** | **Updated<br>Appraised<br>Value** | **Updated<br>Variance<br>Amount** | **Updated<br>Variance<br>Percent** | **Updated<br>Company** | **Updated<br>Appraisal<br>Date** | **Updated<br>Appraisal<br>Type** | **Loan<br>Collateral<br>Advisor<br>Risk<br>Score** | **Loan<br>Collateral<br>Advisor<br>Risk<br>Score<br>Date** | **Is<br>Eligible<br>for Rep<br>and<br>Warrant<br>Relief per<br>Loan<br>Collateral<br>Advisor?** | **Collateral<br>Underwriter<br>Risk Score** | **Collateral<br>Underwriter<br>Risk Score<br>Date** |
| &nbsp;&nbsp;&nbsp;216 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1025 Small Residential Income Report | $XXX | 75.0 | 75.0 | $XXX | $XXX | -.0180 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0180 | 76.0 | 0.24 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0143 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;209 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 43.48 | 43.48 | $XXX | $XXX | .0005 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0005 | 95.0 | 0.5 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 4.1 |  |
| &nbsp;&nbsp;&nbsp;143 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | .0335 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0335 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;203 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 76.98 | 76.98 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.2 |  |
| &nbsp;&nbsp;&nbsp;236 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 79.39 | 79.39 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;214 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;146 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 76.04 | 76.04 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2 |  |
| &nbsp;&nbsp;&nbsp;137 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 65.67 | 65.67 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;238 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 76.34 | 76.34 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.9 |  |
| &nbsp;&nbsp;&nbsp;196 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0921 | 85.0 | 0.15 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.1 |  |
| &nbsp;&nbsp;&nbsp;189 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 73.13 | 73.13 | $XXX | $XXX | .0254 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0254 | 87.0 | 0.13 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;177 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 76.19 | 76.19 | $XXX | $XXX | -.0449 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0449 | 95.0 | 0.5 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 4.2 |  |
| &nbsp;&nbsp;&nbsp;188 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 72.73 | 72.73 | $XXX | $XXX | -.0611 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0611 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.8 |  |
| &nbsp;&nbsp;&nbsp;215 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 79.89 | 79.89 | $XXX | $XXX | .0628 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0628 | 93.0 | 0.7 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 3.2 |  |
| &nbsp;&nbsp;&nbsp;175 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 70.0 | 70.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;190 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1073 Individual Condo Report | $XXX | 80.0 | 80.0 | $XXX | $XXX | .0228 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0228 | 97.0 | 0.03 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.5 |  |
| &nbsp;&nbsp;&nbsp;136 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 53.08 | 53.08 | $XXX | $XXX | .3926 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .3926 | 88.0 | 0.12 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;164 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 38.53 | 38.53 |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | XX/XX/XXXX | 1004 URAR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.7 |  |
| &nbsp;&nbsp;&nbsp;230 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | .0000 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | 99.0 | 0.01 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible |  |  |
| &nbsp;&nbsp;&nbsp;192 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | -.0348 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0348 | 96.0 | 0.04 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 3.1 |  |
| &nbsp;&nbsp;&nbsp;187 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 74.32 | 74.32 | $XXX | $XXX | -.0127 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0127 | 90.0 | 0.1 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.9 |  |
| &nbsp;&nbsp;&nbsp;205 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 5 |  |
| &nbsp;&nbsp;&nbsp;207 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 70.97 | 70.97 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;193 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 70.0 | 70.0 | $XXX | $XXX | .1188 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .1188 | 93.0 | 0.07 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.5 |  |
| &nbsp;&nbsp;&nbsp;197 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 65.91 | 65.91 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.5 |  |
| &nbsp;&nbsp;&nbsp;208 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | .0108 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0108 | 97.0 | 0.3 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.7 |  |
| &nbsp;&nbsp;&nbsp;201 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 66.11 | 66.11 | $XXX | $XXX | .0056 | 1004 URAR |  |  |  |  | $XXX | $XXX | .0056 | XX/XX/XXXX | 1004 URAR | $XXX | $XXX | -.1589 | 87.0 | 0.13 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | -.1365 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.2 |  |
| &nbsp;&nbsp;&nbsp;234 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | -.0591 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0590 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;169 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 40.8 | 40.8 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 5 |  |
| &nbsp;&nbsp;&nbsp;269 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 69.33 | 69.33 | $XXX | $XXX | -.4384 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.4384 | 72.0 | 0.28 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.2 |  |
| &nbsp;&nbsp;&nbsp;268 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 46.92 | 46.92 | $XXX | $XXX | -.0895 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0895 | 86.0 | 0.14 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | -.0769 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.5 |  |
| &nbsp;&nbsp;&nbsp;202 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 65.3 | 65.3 | $XXX | $XXX | -.0002 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0002 | 91.0 | 0.09 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.9 |  |
| &nbsp;&nbsp;&nbsp;150 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 77.74 | 77.74 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2 |  |
| &nbsp;&nbsp;&nbsp;228 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.2 |  |
| &nbsp;&nbsp;&nbsp;232 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | -.0801 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0801 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.4 |  |
| &nbsp;&nbsp;&nbsp;247 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | -.0038 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0038 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.1 |  |
| &nbsp;&nbsp;&nbsp;141 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 70.32 | 70.32 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.1347 | 84.0 | 0.16 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.6 |  |
| &nbsp;&nbsp;&nbsp;176 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 76.27 | 76.27 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.6 |  |
| &nbsp;&nbsp;&nbsp;165 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 74.04 | 74.04 | $XXX | $XXX | .0096 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0096 | 96.0 | 0.04 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2 |  |
| &nbsp;&nbsp;&nbsp;245 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.0 | 75.0 | $XXX | $XXX | .0431 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0431 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 3.6 |  |

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| &nbsp;&nbsp;&nbsp;**Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan ID** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Total<br>Adjusted<br>Prior<br>Purchase<br>Price** | **Primary<br>Appraised<br>Value** | **Primary<br>Appraisal<br>Date** | **Primary Appraisal Type** | **Value for<br>LTV** | **LTV** | **CLTV** | **Loan<br>Reviewed<br>Property<br>Value** | **Loan<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Reviewed<br>Variance<br>Percent** | **Loan<br>Reviewed<br>Product<br>Type** | **Loan<br>Post-<br>Close<br>Reviewed<br>Property<br>Value** | **Loan<br>Post-<br>Close<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Post-<br>Close<br>Reviewed<br>Variance<br>Percent** | **Loan Post-<br>Close<br>Reviewed<br>Product<br>Type** | **Second<br>Appraisal<br>Value** | **Second<br>Appraisal<br>Variance<br>Amount** | **Second<br>Appraisal<br>Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **AVM<br>Appraised<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Confidence<br>Score** | **FSD<br>Score** | **AVM<br>Company<br>Name** | **AVM<br>Product<br>Name** | **AVM<br>Appraisal<br>Date** | **Desk<br>Review<br>Appraised<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>Appraisal<br>Date** | **Second<br>Desk<br>Review<br>Variance<br>Amount** | **Second<br>Desk<br>Review<br>Variance<br>Percent** | **Second<br>Desk<br>Review<br>Appraisal<br>Date** | **Second<br>Desk<br>Review<br>Appraised<br>Value** | **Desk Top<br>Appraised<br>Value** | **Desk<br>Top<br>Variance<br>Amount** | **Desk<br>Top<br>Variance<br>Percent** | **Desk Top<br>Company** | **Desk Top<br>Appraisal<br>Date** | **BPO<br>Appraised<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Appraisal<br>Date** | **Field<br>Review<br>Appraised<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>Appraisal<br>Date** | **2055<br>Appraised<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Appraisal<br>Date** | **AVE/<br>CMA<br>Appraised<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>Appraisal<br>Date** | **Other<br>Appraised<br>Value** | **Other<br>Variance<br>Amount** | **Other<br>Variance<br>Percent** | **Other<br>Appraisal<br>Date** | **Updated<br>Appraised<br>Value** | **Updated<br>Variance<br>Amount** | **Updated<br>Variance<br>Percent** | **Updated<br>Company** | **Updated<br>Appraisal<br>Date** | **Updated<br>Appraisal<br>Type** | **Loan<br>Collateral<br>Advisor<br>Risk<br>Score** | **Loan<br>Collateral<br>Advisor<br>Risk<br>Score<br>Date** | **Is<br>Eligible<br>for Rep<br>and<br>Warrant<br>Relief per<br>Loan<br>Collateral<br>Advisor?** | **Collateral<br>Underwriter<br>Risk Score** | **Collateral<br>Underwriter<br>Risk Score<br>Date** |
| &nbsp;&nbsp;&nbsp;172 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.4 |  |
| &nbsp;&nbsp;&nbsp;138 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.0 | 75.0 | $XXX | $XXX | -.0809 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0809 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.8 |  |
| &nbsp;&nbsp;&nbsp;144 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 72.66 | 72.66 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0372 | 92.0 | 0.08 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 5 |  |
| &nbsp;&nbsp;&nbsp;200 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.0 | 75.0 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;155 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 77.64 | 77.64 | $XXX | $XXX | .0165 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0165 | 94.0 | 0.06 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.7 |  |
| &nbsp;&nbsp;&nbsp;142 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0009 | 81.0 | 0.19 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.3 |  |
| &nbsp;&nbsp;&nbsp;160 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 71.5 | 71.5 | $XXX | $XXX | .0386 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0386 | 96.0 | 0.04 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.7 |  |
| &nbsp;&nbsp;&nbsp;149 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.2 |  |
| &nbsp;&nbsp;&nbsp;186 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | -.0770 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0770 | 70.0 | 0.3 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .000 | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 5 |  |
| &nbsp;&nbsp;&nbsp;248 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;235 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 62.0 | 62.0 | $XXX | $XXX | .0100 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0100 | 96.0 | 0.04 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 3.2 |  |
| &nbsp;&nbsp;&nbsp;152 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 79.03 | 79.03 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.1 |  |
| &nbsp;&nbsp;&nbsp;213 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 79.99 | 79.99 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.1058 | 88.0 | 0.22 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 5 |  |
| &nbsp;&nbsp;&nbsp;183 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.0 | 75.0 |  |  |  |  |  |  |  |  | $XXX | $XXX | .0202 | XX/XX/XXXX | 1004 URAR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 5 |  |
| &nbsp;&nbsp;&nbsp;166 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 57.81 | 57.81 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0191 | 86.0 | 0.14 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;241 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | .0000 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | 99.0 | 0.01 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;159 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.0 | 75.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;224 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 65.25 | 65.25 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;267 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 74.43 | 74.43 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;163 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 78.44 | 78.44 | $XXX | $XXX | .0339 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0339 | 92.0 | 0.08 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.9 |  |
| &nbsp;&nbsp;&nbsp;223 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0638 | 84.0 | 0.16 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 4.6 |  |
| &nbsp;&nbsp;&nbsp;244 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1073 Individual Condo Report | $XXX | 77.82 | 77.82 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;140 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 79.09 | 79.09 | $XXX | $XXX | .0262 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0262 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 4.8 |  |
| &nbsp;&nbsp;&nbsp;162 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 40.82 | 40.82 | $XXX | $XXX | .0603 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0603 | 87.0 | 0.13 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;161 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.4 |  |
| &nbsp;&nbsp;&nbsp;180 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | .0192 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0192 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.8 |  |
| &nbsp;&nbsp;&nbsp;167 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 67.63 | 67.63 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.2 |  |
| &nbsp;&nbsp;&nbsp;171 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | -.0880 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0880 | 91.0 | 0.09 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.1 |  |
| &nbsp;&nbsp;&nbsp;249 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 67.97 | 67.97 | $XXX | $XXX | -.0342 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0342 | 90.0 | 0.1 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;153 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.0 | 75.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.2 |  |
| &nbsp;&nbsp;&nbsp;204 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 76.72 | 76.72 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.2 |  |
| &nbsp;&nbsp;&nbsp;218 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 71.54 | 71.54 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2 |  |
| &nbsp;&nbsp;&nbsp;226 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 74.02 | 74.02 | $XXX | $XXX | .0185 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0185 | 91.0 | 0.9 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.9 |  |
| &nbsp;&nbsp;&nbsp;158 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1073 Individual Condo Report | $XXX | 71.43 | 71.43 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.2 |  |
| &nbsp;&nbsp;&nbsp;222 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 64.97 | 64.97 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;147 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.1539 | 91.0 | 0.09 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;231 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | -.0452 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0452 | 93.0 | 0.07 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 5 |  |
| &nbsp;&nbsp;&nbsp;239 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 76.84 | 76.84 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;211 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 79.38 | 79.38 | $XXX | $XXX | .0086 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0086 | 96.0 | 0.04 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.3 |  |
| &nbsp;&nbsp;&nbsp;198 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 26.51 | 26.51 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.1559 | 76.0 | 0.24 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3 |  |
| &nbsp;&nbsp;&nbsp;243 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 76.81 | 76.81 | $XXX | $XXX | .0906 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0906 | 88.0 | 0.12 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.9 |  |

---

------

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| &nbsp;&nbsp;&nbsp;**Loan ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan ID** | **Note Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Total<br>Adjusted<br>Prior<br>Purchase<br>Price** | **Primary<br>Appraised<br>Value** | **Primary<br>Appraisal<br>Date** | **Primary Appraisal Type** | **Value for<br>LTV** | **LTV** | **CLTV** | **Loan<br>Reviewed<br>Property<br>Value** | **Loan<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Reviewed<br>Variance<br>Percent** | **Loan<br>Reviewed<br>Product<br>Type** | **Loan<br>Post-<br>Close<br>Reviewed<br>Property<br>Value** | **Loan<br>Post-<br>Close<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Post-<br>Close<br>Reviewed<br>Variance<br>Percent** | **Loan Post-<br>Close<br>Reviewed<br>Product<br>Type** | **Second<br>Appraisal<br>Value** | **Second<br>Appraisal<br>Variance<br>Amount** | **Second<br>Appraisal<br>Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **AVM<br>Appraised<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Confidence<br>Score** | **FSD<br>Score** | **AVM<br>Company<br>Name** | **AVM<br>Product<br>Name** | **AVM<br>Appraisal<br>Date** | **Desk<br>Review<br>Appraised<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>Appraisal<br>Date** | **Second<br>Desk<br>Review<br>Variance<br>Amount** | **Second<br>Desk<br>Review<br>Variance<br>Percent** | **Second<br>Desk<br>Review<br>Appraisal<br>Date** | **Second<br>Desk<br>Review<br>Appraised<br>Value** | **Desk Top<br>Appraised<br>Value** | **Desk<br>Top<br>Variance<br>Amount** | **Desk<br>Top<br>Variance<br>Percent** | **Desk Top<br>Company** | **Desk Top<br>Appraisal<br>Date** | **BPO<br>Appraised<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Appraisal<br>Date** | **Field<br>Review<br>Appraised<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>Appraisal<br>Date** | **2055<br>Appraised<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Appraisal<br>Date** | **AVE/<br>CMA<br>Appraised<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>Appraisal<br>Date** | **Other<br>Appraised<br>Value** | **Other<br>Variance<br>Amount** | **Other<br>Variance<br>Percent** | **Other<br>Appraisal<br>Date** | **Updated<br>Appraised<br>Value** | **Updated<br>Variance<br>Amount** | **Updated<br>Variance<br>Percent** | **Updated<br>Company** | **Updated<br>Appraisal<br>Date** | **Updated<br>Appraisal<br>Type** | **Loan<br>Collateral<br>Advisor<br>Risk<br>Score** | **Loan<br>Collateral<br>Advisor<br>Risk<br>Score<br>Date** | **Is<br>Eligible<br>for Rep<br>and<br>Warrant<br>Relief per<br>Loan<br>Collateral<br>Advisor?** | **Collateral<br>Underwriter<br>Risk Score** | **Collateral<br>Underwriter<br>Risk Score<br>Date** |
| &nbsp;&nbsp;&nbsp;168 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 64.83 | 64.83 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.2 |  |
| &nbsp;&nbsp;&nbsp;182 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;154 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 69.52 | 69.52 |  |  |  |  |  |  |  |  | $XXX | $XXX | .0159 | XX/XX/XXXX | 1004 URAR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.1 |  |
| &nbsp;&nbsp;&nbsp;174 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 77.44 | 77.44 | $XXX | $XXX | -.0669 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0669 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.1 |  |
| &nbsp;&nbsp;&nbsp;195 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 69.69 | 69.69 | $XXX | $XXX | .0554 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0554 | 93.0 | 0.07 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;199 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 53.49 | 53.49 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.9 |  |
| &nbsp;&nbsp;&nbsp;237 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 63.64 | 63.64 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;191 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 39.22 | 39.22 | $XXX | $XXX | -.0959 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0959 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;157 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.0 | 75.0 | $XXX | $XXX | .0130 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0130 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 3.4 |  |
| &nbsp;&nbsp;&nbsp;145 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | -.0744 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0744 | 84.0 | 0.16 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;266 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 67.9 | 67.9 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;194 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 75.0 | 75.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.4 |  |
| &nbsp;&nbsp;&nbsp;151 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 70.0 | 70.0 | $XXX | $XXX | .0890 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0890 | 90.0 | 0.1 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.8 |  |
| &nbsp;&nbsp;&nbsp;227 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 78.55 | 78.55 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;225 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 64.33 | 64.33 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;148 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | -.0801 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0801 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 3.9 |  |
| &nbsp;&nbsp;&nbsp;206 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 67.74 | 67.74 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.1172 | 83.0 | 0.17 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 3.2 |  |
| &nbsp;&nbsp;&nbsp;210 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | -.0248 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0248 | 94.0 | 0.06 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.4 |  |
| &nbsp;&nbsp;&nbsp;246 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1073 Individual Condo Report | $XXX | 57.4 | 57.4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.2 |  |
| &nbsp;&nbsp;&nbsp;221 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 78.09 | 78.09 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0936 | 84.0 | 0.16 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.3 |  |
| &nbsp;&nbsp;&nbsp;139 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 46.9 | 46.9 | $XXX | $XXX | .1512 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .1512 | 82.0 | 0.18 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 4.3 |  |
| &nbsp;&nbsp;&nbsp;240 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 58.97 | 58.97 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.4 |  |
| &nbsp;&nbsp;&nbsp;179 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 71.6 | 71.6 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 3.6 |  |
| &nbsp;&nbsp;&nbsp;170 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;233 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.6 |  |
| &nbsp;&nbsp;&nbsp;178 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.6 |  |
| &nbsp;&nbsp;&nbsp;156 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 74.47 | 74.47 | $XXX | $XXX | .0051 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0051 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 3.9 |  |
| &nbsp;&nbsp;&nbsp;185 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 70.0 | 70.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.8 |  |
| &nbsp;&nbsp;&nbsp;184 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | -.0289 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0289 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 4.6 |  |
| &nbsp;&nbsp;&nbsp;219 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | -.0558 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0558 | 94.0 | 0.06 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;229 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 64.92 | 64.92 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;217 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;181 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 | $XXX | $XXX | .0583 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0583 | 95.0 | 0.05 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.6 |  |
| &nbsp;&nbsp;&nbsp;242 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1025 Small Residential Income Report | $XXX | 80.0 | 80.0 | $XXX | $XXX | .0717 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0717 | 84.0 | 0.16 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible |  |  |
| &nbsp;&nbsp;&nbsp;220 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 80.0 | 80.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1 |  |
| &nbsp;&nbsp;&nbsp;173 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 47.21 | 47.21 | $XXX | $XXX | .0679 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0679 | 92.0 | 0.08 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.8 |  |
| &nbsp;&nbsp;&nbsp;212 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 63.64 | 63.64 | $XXX | $XXX | .0008 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0008 | 97.0 | 0.3 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.1 |  |
| &nbsp;&nbsp;&nbsp;252 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 89.64 | 89.64 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.7 |  |
| &nbsp;&nbsp;&nbsp;254 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 85.0 | 85.0 | $XXX | $XXX | -.0201 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.0201 | 96.0 | 0.04 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 2.2 |  |
| &nbsp;&nbsp;&nbsp;256 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 85.0 | 85.0 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  | $XXX | $XXX | -.1522 | 79.0 | 0.21 | XXX | XXX | XX/XX/XXXX | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 4.2 |  |
| &nbsp;&nbsp;&nbsp;257 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 85.0 | 85.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 2.4 |  |
| &nbsp;&nbsp;&nbsp;260 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 83.56 | 83.56 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.2 |  |
| &nbsp;&nbsp;&nbsp;251 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 89.8 | 89.8 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 3.7 |  |
| &nbsp;&nbsp;&nbsp;250 |  |  | XX/XX/XXXX | $XXXXXX | $XXX | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 89.9 | 89.9 | $XXX | $XXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0000 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Not Eligible | 1.3 |  |
| &nbsp;&nbsp;&nbsp;253 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 88.03 | 88.03 | $XXX | $XXX | .0509 | AVM |  |  |  |  |  |  |  |  |  | $XXX | $XXX | .0509 | 88.0 | 0.12 | XXX | XXX | XX/XX/XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 3.1 |  |
| &nbsp;&nbsp;&nbsp;258 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 84.52 | 84.52 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.4 |  |
| &nbsp;&nbsp;&nbsp;255 |  |  | XX/XX/XXXX | $XXXXXX |  | $XXX | $XXX | XX/XX/XXXX | 1004 URAR | $XXX | 85.0 | 85.0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Eligible | 1.9 |  |

---

## Exhibit 99.12

**EXHIBIT 99.12** 

**SELENE DILIGENCE LLC ("SELENE") DUE DILIGENCE REVIEW NARRATIVE ("REPORT")** 

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![LOGO](g200558g0515235304305.jpg)

**Selene Diligence LLC ("Selene")** 

**Due Diligence Executive Summary** 

**("Report")** 

Selene's Report, which is to be made available to the recipients by the Client, includes the loan level results of Selene's independent, third-party due diligence review conducted on behalf of the Client. The scope of review for these loans is as follows:

**DESCRIPTION OF SERVICES:** 

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

Selene Diligence LLC performed certain due diligence services described below on residential mortgage loans originated by numerous entities and obtained by PennyMac Corp. ("PennyMac") ("Client"). The review was conducted between January 12 2026 and February 27 2026 via files imaged and provided for review (the "Review").

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

This Review consisted of 100% of the loan population.

**FINAL SECURITIZATION POPULATION** 

Selene was instructed to perform a review on a population totaling 4 QM Agency loans for a total of 4 loans the "Final Securitization Population").

*<u>Credit Reviews (4):</u>*

During the Review, Selene performed a credit review on 4 mortgage loans in the Final Securitization Population.

*<u>Compliance Review (4)</u>*

During the Review, Selene performed a compliance review, as applicable, on 4 mortgage loans in the Final Securitization Population.

*<u>Valuation Reviews (4):</u>*

During the Review, Selene performed a property valuation review on 4 mortgage loans in the Final Securitization Population.

*<u>Data Integrity Review (4):</u>*

During the Review, Selene performed a Data Integrity Review on 4 mortgage loans in the Final Securitization Population.

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![LOGO](g200558g0515235304305.jpg)

**<u>FINAL SECURITIZATION POPULATION</u>**

After Selene's initial review was completed, the Client provided Selene with a confirmed list of 4 mortgage loans that formed the Final Securitization Population. The table below summarizes the reviews conducted by Selene.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Review** | **Reviewed Total** | **% of Final Securitization Population** |
| &nbsp;&nbsp;&nbsp; Credit Population | 4 | 100% |
| &nbsp;&nbsp;&nbsp; Compliance Population | 4 | 100% |
| &nbsp;&nbsp;&nbsp; Valuation Population | 4 | 100% |
| &nbsp;&nbsp;&nbsp; Data Integrity Population | 4 | 100% |

---

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

The Review was conducted with sample size criteria that has been communicated by the Client to Selene to be consistent with the criteria for the nationally recognized statistical ratings organizations identified in Item 3 of the ABS Due Diligence-15E.s DBRS, Inc. ("DBRS"), Moody's Investors Service, Inc. ("Moody's") (the "NRSRO(s)").

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

Where available, Selene compared the data fields on the bid tape provided by the Client to the data found in the actual loan file as captured by Selene. This information may not have been available for all mortgage loans.

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

Selene assessed the underwriting guidelines and compared the documentation in the loan file against the stated guidelines for adherence.

**<u>GUIDELINES</u>**

PennyMac Correspondent AUS Jumbo (collectively the "Guidelines")

**<u>LOAN GRADING</u>**

The Guidelines referenced above served as the benchmark for grading loans with respect to credit, compliance, underwriting, property valuation and data integrity. Each loan received an "initial" and a "final" grade. The "initial" grade was assigned during the initial loan review. The "final" grade considers additional information and supporting documentation that may have been provided by the originators to clear outstanding conditions. Selene's loan grading is solely based on Selene's independent assessment of all Guideline exceptions and compensating factors for each of the component reviews. Selene is providing a comprehensive loan-level analysis that includes initial grades, final grades and detailed commentary on the rationale for any changes in grades and sets forth compensating factors and waivers.

Page **2** of **14**

*PMTLT 2026-J3 – Executive Summary – Selene Diligence* 

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![LOGO](g200558g0515235304305.jpg)

**<u>SCOPE OF REVIEW</u>**

Selene 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. Selene relied on the accuracy of information contained in loan documentation provided to Selene (for more detail, please refer to Appendix A, B and C, attached hereto).

&nbsp;&nbsp;&nbsp;**CREDIT REVIEW**

Selene's credit scope of review conducted on this transaction included the following elements:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Re-calculated LTV, CLTV, income, liabilities and compared these against the Guidelines;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Analyzed asset statements to determine whether funds to close and reserves were within the Guidelines;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Confirmed that credit scores (FICO) and credit histories were within the Guidelines.

&nbsp;&nbsp;&nbsp;**COMPLIANCE REVIEW**

With respect to the ATR/QM Exempt loans, Selene's compliance scope determined the presence and correct execution of required documents such as the promissory note and security instrument.

With respect to consumer loans, Selene's compliance scope determined whether the mortgage loans comply with the Federal Truth in Lending Act, the Federal Real Estate Settlement Procedures Act, Sections 1098 and 1100A of Dodd Frank, Sections 1411 and 1412 of the Wall Street Reform and Consumer Protection Act, and the Equal Credit Opportunity Act.

&nbsp;&nbsp;&nbsp;**PROPERTY VALUATION REVIEW**

Selene's Property Valuation scope of review conducted on this transaction included the following elements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Original Appraisal Assessment** 

Selene 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;• **Value Supported Analysis** 

Selene applied a cascade methodology to determine if the original appraised value was reasonably supported when compared to an independent third-party valuation product provided by the Client.

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*PMTLT 2026-J3 – Executive Summary – Selene Diligence* 

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![LOGO](g200558g0515235304305.jpg)

&nbsp;&nbsp;&nbsp;**DATA INTEGRITY REVIEW**

Selene uploads tape data into its due diligence application and compares it to the actual documents provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tape data received from lender/client is stored in a secured FTP folder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tape data is uploaded into the application;

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

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

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

Selene provided the Client with a copy of the initial loan level tape discrepancy report which shows the differences between the data received by the Client versus the data captured by Selene during the loan review.

**<u>SUMMARY OF FINDINGS & CONCLUSIONS OF REVIEW</u>**

The NRSRO criteria referenced for this report and utilized for grading descriptions is based upon the requirements of the NRSROs.

With respect to the Final Securitization Population, Selene conducted (i) a Credit Review on 4 mortgage loans, (ii) a Compliance Review on 4 mortgage loans (iii) a Valuation Review on 4 mortgage loans, and (iv) a Data Integrity Review on 4 mortgage loans; the results of these reviews are discussed below. All grades shown below are based upon the NRSRO grading methodologies utilized by the NRSROs.

**REVIEW RESULTS SUMMARY** 

After review of the 4 mortgage loans; 4 mortgage loans had a rating grade of A, 0 mortgage loans had a rating grade of B, 0 mortgage loans had a rating grade of C, and 0 mortgage loans had a rating grade of D.

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![LOGO](g200558g0515235304305.jpg)

***Grades per loan (4 overall loans):***

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **INITIAL RA GRADES -<br>OVERALL** | **INITIAL RA GRADES -<br>OVERALL** | | | **FINAL RA GRADES -<br>OVERALL** | **FINAL RA GRADES -<br>OVERALL** |  |
| <br>&nbsp;&nbsp;&nbsp;**NRSRO <br>Grade** | <br>**Moody's** | **DBRS** | **%** | <br>**NRSRO <br>Grade** | <br>**Moody's** | **DBRS** | **%** |  |
| &nbsp;&nbsp;&nbsp; A  | 0 | 0 | 0.00% | A  | 4 | 4 | 100.00% |  |
| &nbsp;&nbsp;&nbsp; B  | 0 | 0 | 0.00% | B  | 0 | 0 | 0.00% |  |
| &nbsp;&nbsp;&nbsp; C  | 1 | 1 | 25.00% | C  | 0 | 0 | 0.00% |  |
| &nbsp;&nbsp;&nbsp; D  | 3 | 3 | 75.00% | D  | 0 | 0 | 0.00% |  |
|  <br> ***Final Grades per loan broken out by compliance, credit and property:*** | <br> ***Final Grades per loan broken out by compliance, credit and property:*** | <br> ***Final Grades per loan broken out by compliance, credit and property:*** | <br> ***Final Grades per loan broken out by compliance, credit and property:*** | <br> ***Final Grades per loan broken out by compliance, credit and property:*** | <br> ***Final Grades per loan broken out by compliance, credit and property:*** | <br> ***Final Grades per loan broken out by compliance, credit and property:*** | <br> ***Final Grades per loan broken out by compliance, credit and property:*** | <br> ****<br>|
|  |  | **FINAL RA GRADES -<br>COMPLIANCE** | **FINAL RA GRADES -<br>COMPLIANCE** |  | **FINAL RA GRADES -<br>CREDIT** | **FINAL RA GRADES -<br>CREDIT** | **FINAL RA GRADES -<br>CREDIT** |  |
| &nbsp;&nbsp;&nbsp;**NRSRO <br>Grade** | **Moody's** | **DBRS** | **%** | **NRSRO <br>Grade** | **Moody's** | **DBRS** | **%** |  |
| &nbsp;&nbsp;&nbsp; A  | 4 | 4 | 100.00% | A  | 4 | 4 | 100.00% |  |
| &nbsp;&nbsp;&nbsp; B  | 0 | 0 | 0.00% | B  | 0 | 0 | 0.00% |  |
| &nbsp;&nbsp;&nbsp; C  | 0 | 0 | 0.00% | C  | 0 | 0 | 0.00% |  |
| &nbsp;&nbsp;&nbsp; D  | 0 | 0 | 0.00% | D  | 0 | 0 | 0.00% |  |
|  |  | **FINAL RA GRADES -<br>PROPERTY** | **FINAL RA GRADES -<br>PROPERTY** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**NRSRO Grade** | **Moody's** | **DBRS** | **%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; A  | 4 | 4 | 100.00% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; B  | 0 | 0 | 0.00% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; C  | 0 | 0 | 0.00% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; D  | 0 | 0 | 0.00% |  |  |  |  |  |

---

**<u>REVIEW RESULTS SUMMARY (EXCEPTION LISTING)</u>**

Review of the Final Grading Summary (redacted) provides the exceptions in detail and the migration from the initial rating agency grade to the final rating agency grade, based on mitigation/resolution from the client.

*Disclaimer:* Please be advised that Selene 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 all applicable laws 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 Selene are dependent upon its receiving complete and accurate data regarding the mortgage loans from mortgage loan originators and other third parties upon which Selene is relying in reaching such findings.

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![LOGO](g200558g0515235304305.jpg)

Please be further advised that Selene does not employ personnel who are licensed to practice law in the various jurisdictions, and the findings set forth in the reports prepared by Selene do not constitute legal advice or opinions. They are recommendations or conclusions based on information provided to Selene. Information contained in any Selene 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. Risk levels associated with a loan may have changed an exception level, given rating agency published guidance, written guidance, or other guidance from the rating agency team on the transaction. 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 Selene 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 Selene 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. Selene does not make any representation or warranty as to the value of any mortgage loan or mortgage loans collateral that has been reviewed by Selene.

**<u>THIRD PARTY REVIEW REPORTING DELIVERED</u>**

Selene furnished the following reports on this transaction:

1. Selene Due Diligence Narrative Report

2. ASF Report

3. Grading Summary

4. Exception Detail

5. Tape Discrepancies

6. Valuations Report

7. Supplemental Data

8. Third Party (TPR) Attestation Form

9. Attestation Form 15E

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*PMTLT 2026-J3 – Executive Summary – Selene Diligence* 

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![LOGO](g200558g0515235304305.jpg)

**APPENDIX A – CREDIT REVIEW SCOPE** 

Selene reviewed the origination documentation contained in the mortgage Loan File to determine conformity to the Automated Underwriting System output, including, as applicable, the Ability to Repay and Qualified Mortgage requirements described below, that are provided to Selene and/or as directed by Client.

**Credit Application** 

For the Credit Application, Selene verified whether the borrower information on the application matches the information listed on the Automated Underwriting System output.

**Credit Report** 

Selene verified:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. A credit report and/or other credit history documentation is present for each borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Capture the monthly consumer debt payments for use in the debt to income and/or residual income calculation, as
applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Noted the Real Estate Owned and fraud alerts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Gathered liabilities listed on the report to be included in the debt to income ratio as appropriate; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Confirmed that FICO scores on Automated Underwriting System output match credit report in file.

**Employment and Income** 

Selene determined whether all applicable documentation to support income included on Automated Underwriting System output was included in file.

**Asset Review** 

Selene assessed whether the asset documentation shown on the Automated Underwriting System output was present in the file.

**Hazard/Flood insurance** 

A review of the insurance present on the loan was also be performed. Selene may have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Verified that the hazard insurance meets the minimum required amount of coverage shown on the Automated
Underwriting System output;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Confirmed that the flood cert is for the correct borrower, property, lender and loan number and is a
"Life of Loan" certification;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. For properties is in a flood zone per the flood cert, confirm that flood insurance meets guideline requirements
in the file and meets the minimum required amount of coverage;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Confirmed that the mortgagee clause lists the lender's name and "its successors and assigns";
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Confirmed that the premium amount on both the hazard and flood insurance match what was used in the DTI
calculations.

**DU/LP Review Components** 

The most current DU/LP form provided in the Loan File was reviewed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Confirmed and captured recommendation;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Verified that red flags listed on the DU/LP were addressed by the underwriter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. All listed credit conditions were cleared by the underwriter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The final DU/LP in the file contains data that matches the data gathered from documents in the file.

**Title** 

Verified whether the appropriate vestee is on the title document: if a purchase, the seller; if a refinance, the borrower and review the Title Commitment for the disclosure issues.

**Fraud** 

To the extent potentially fraudulent activity is identified as part of the document review, such information was reported to Client. All red flag issues will be addressed. In addition, when required, Selene looked for an independent, third party fraud report in each file and will review the results of the fraud report in conjunction with source documents found in the file to assess the likelihood of any misrepresentations associated with the origination of the loan. If the loan does not contain a fraud report and the counterparty cannot produce one, Selene conditioned the loan for the missing product.

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**APPENDIX B – COMPLIANCE REVIEW SCOPE** 

Selene reviewED each residential mortgage loan to determine, as applicable, to the extent possible and/or applicable and subject to the caveats below, whether the loan complies with:

**1.** **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> 

&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>Tolerances (</u> <u>§</u> <u>§</u> <u>1026.18, 22 and 23):</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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) <u>High-cost Mortgage (</u> <u>§</u> <u>§</u> <u>1026.31, 32 and 33):</u> 

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

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ii) APR threshold test;

iii) prepayment penalty 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;e) <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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) <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;g) <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>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;j) <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.

**2.** **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;

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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 were completed and that information was reflected in the appropriate locations which 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) confirm borrower received LE not later than four (4) business days prior to consummation; and

vii) 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 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; and

vi) with respect to tolerance violations based on the disclosed charges on the LE and CD and other applicable exceptions, confirm that the creditor cured or remediated the violations in accordance with the Structured Finance Association TRID Grid 3.0, as may be updated from time to time.

**3.** **Sections 1411 and 1412 of the Dodd-Frank Wall Street Reform and Consumer Protection Act 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 underwriting standards (12 C.F.R. 1026.43(c));

&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 (12 C.F.R. 1026.43(e) (including qualified mortgages as defined by the Department of
Housing and Urban Development (24 C.F.R. 201 and 203 <u>et seq. and the Department of Veterans Affairs (38 C.F.R. Part 36 et seq.</u> *)*; 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));

Selene reviewed 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, Safe Harbor QM (APOR), Higher-priced QM (APOR), Temporary SHQM, Temporary HPQM, Non-QM, Exempt from ATR), and for mortgage loans with applications received on or after March 1, 2021 and originated under the revised General QM definition, each mortgage loan's originator designation with respect to the Verification Safe

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Harbor. Selene determineed the mortgage loan's status under the ATR or QM rule requirements and assigned a due diligence mortgage loan designation. Generally, Selene notes as a material exception if the due diligence findings do not confirm the originator's mortgage loan designation. Additionally, Selene 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, Selene reviewed the mortgage loan to determine whether, based on available information in the mortgage loan file: (A)(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.

For each QM designated mortgage loan that satisfied the applicable requirements enumerated above, Selene 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, Selene 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>**

Selene reviewed the mortgage loans 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.

Selene reviewed the 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"). Selene 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. Selene's review is based on information contained in the mortgage Loan File at the time it is provided to Selene to review, and only reflects information as of that point in time.

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**The disclosure requirements and prohibitions of Section 50(a)(6), Article XVI of the Texas Constitution.** 

**APPENDIX C – VALUATION REVIEW SCOPE** 

Selene reviewed the valuation materials utilized during the origination of the loan which confirmed the value of the underlying property. Selene verified 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; and (viii) noting whether the property zip code was declared a FEMA disaster area after the valuation date and notifying the Client of same.

If more than one valuation is provided for review, Selene confirmed consistency among the valuation products and if there are discrepancies that cannot be resolved, Selene created an exception and worked with the Client on the next steps, which may include ordering of additional valuation products such as

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collateral desktop analyses, broker's price opinions, and full appraisals. If the property valuation products included in Selene's review results in a variance of more than 10% then the Client shall be notified of such variance and a second independent valuation product shall be ordered. On all loans, Selene makes a determination as to whether appraised value is supported based on documentation available at the time of review and adds exceptions or comments as appropriate.

Selene confirmed consistency among the valuation products and where applicable, if there was a discrepancy in value between two appraisals in the form of a variance greater than 10%, Selene would review the file for a desktop analysts/evaluation of the appraisals and determine which appraised value was used for qualification purposes. If there were discrepancies that could not be resolved, Selene created an exception and worked with the client on the next steps for resolution.

Disclaimer

---

| | |
|:---|:---|
| <sup>○</sup> | 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.  |

---

<sup>○</sup> Selene makes no representation or warranty as to the value of any mortgaged property, notwithstanding that Selene may have reviewed valuation information for reasonableness.

<sup>○</sup> Selene is not an 'AMC' (appraisal management company) and therefore Selene does not opine on the actual value of the underlying property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Selene is not a 'creditor' within the meaning of ECOA or other lending laws and regulations, and
therefore Selene 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;&nbsp;&nbsp;• Selene does not confirm whether the appraiser is on the Freddie Mac exclusionary list.

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## Exhibit 99.13

**EXHIBIT 99.13** 

**SELENE RATING AGENCY GRADES REPORT** 

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---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** |
| &nbsp;&nbsp;&nbsp;**Loan ID** | **Seller Loan ID** | **Investor Loan ID** | **Original Loan Amount** |
| &nbsp;&nbsp;&nbsp;&nbsp; 261 |  |  | XXXX D A |
| &nbsp;&nbsp;&nbsp;&nbsp; 265 |  |  | XXXX C A |
| &nbsp;&nbsp;&nbsp;&nbsp; 262 |  |  | XXXX D A |
| &nbsp;&nbsp;&nbsp;&nbsp; 264 |  |  | XXXX D A |

---

## Exhibit 99.14

**EXHIBIT 99.14** 

**SELENE STANDARD FINDINGS REPORT** 

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| | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Seller** | **Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>ID** | **Queue** | **Created<br>Date** | **Last<br>Modified<br>Date** | **Finding<br>Status** | **Event<br>Level** | **Finding<br>Category** | **Finding<br>Sub<br>Category** | **Finding<br>Name** | **Reviewer Comments** | **Seller<br>Comments** | **Finding Resolution** | **Finding Document** | **Reviewer<br>Comp<br>Factors** | **Originator<br>Comp<br>Factors** | **State** | **Occupancy** | **Loan<br>Purpose** | **Refinance<br>Purpose** | **Unique<br>Finding<br>ID** | **Acknowledged<br>/ Waived By** | **Waiver<br>in<br>File?** |
| &nbsp;&nbsp;&nbsp;&nbsp; XXXX | 261 |  |  | Closed | 2026-<br>01-20<br>14:49 | 2026-<br>02-24<br>05:58 | Resolved | 1 -<br>Information C A | Credit | Credit | DTI<br>discrepancy or<br>failure. | Resolved-Provided updated XXXX to match - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX<br> Ready for Review-Document Uploaded. - XXXXXX-XX/XX/XXXX<br> Open-DTI on the final XXXX on page XXXX of the loan file does not match AUS in file. Discrepancy is in the primary residence payment breakdown. Co-mortgage total should be $X,XXX.XX to include the P&I payment of $X,XXX. An updated XXXX to is required to reflect the correct DTI amount. - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | Ready for<br>Review-<br>Document<br>Uploaded.<br>-<br>XXXXXX-<br>XX/XX/<br>XXXX | Resolved-Provided updated XXXX to match - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | XXXXX XXXX.XXX_<br> XXXXX_<br> XXXXX XX XX (X).<br> XXX_XXXXX_<br> XXXXX XXXX XX.XXX |  |  | XX | Primary<br>Residence | Purchase | NA | 7188816 | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp; XXXX | 265 |  |  | Closed | 2026-<br>01-27<br>11:15 | 2026-<br>02-25<br>05:51 | Resolved | 1 -<br>Information C A | Credit | Income/<br>Employment | Income/<br>Employment<br>General | Resolved-The tax and insurance documentation was provided for the property at XXX XXXX X. Making the calculation as follows $XXXX.XX-XXXX.XX=$XXX.XX monthly income. This has been updated on the employment/income screen. - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX<br> Ready for Review-Document Uploaded. - XXXXXX-XX/XX/XXXX<br> Counter-I am in agreement with how the income was calculated except that only the P&I of $X,XXX.XX was used and not the total PITIA. The $X,XXX.XX was verified as P&I only on the VOM provided in the file. Please provide the proof of insurance and taxes for the property at XXX XXXX X. - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX<br> Ready for Review-Document Uploaded. - XXXXXX-XX/XX/XXXX<br> Open-The XXXX tax returns for the property at XXX XXXX X reflects a monthly gross income of $X,XXX.XX. The monthly PITIA per the VOM on page XXX is $X,XXX.XX. This calculates to -$XXX.XX monthly. The lender used the monthly income based on PITIA of $X,XXX.XX with rental income in the amount of $X,XXX.X for a monthly amount of $XXX.XX. Please note that the rental income calculator in file shows the PITIA of $XXXX.XX and monthly rental of $XXXX.XX for $XXX.XX monthly. This difference changes the DTI from XX.XX% to XX.XX%. This is well beyond the DTI max of XX%. Please provide the documentation and an rental income calculator that supports the amount of $XXX.XX used for monthly income. - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | Ready for<br>Review-<br>Document<br>Uploaded.<br>-<br>XXXXXX-<br>XX/XX/<br> XXXXReady for<br>Review-<br>Document<br>Uploaded.<br>-<br>XXXXXX-<br>XX/XX/<br>XXXX | Resolved-The tax and insurance documentation was provided for the property at XXX XXXX X. Making the calculation as follows $XXXX.XX-XXXX.XX=$XXX.XX monthly income. This has been updated on the employment/income screen. - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | XXXXXXX XXXXXXXXXX<br> XXXXXX XXXXXXXX.<br> XXX_XXXXX_<br> XXXXXXXXXX XXX<br> XXXX X XXXXX XXX<br> XXXXXXXXX.XXX |  |  | XX | Primary<br>Residence | Purchase | NA | 7316221 | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp; XXXX | 262 |  |  | Closed | 2026-<br>01-25<br>23:00 | 2026-<br>02-25<br>07:48 | Resolved | 1 -<br>Information C A | Credit | Doc Issue | Missing asset<br>documentation<br>(ATR) | Resolved-HELOC agreement rec'd - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX<br> Ready for Review-Document Uploaded. - XXXXXX-XX/XX/XXXX<br> Open-Provide Asset documentation for Proceeds From Secured Loan of $XXX,XXX.XX - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | Ready for<br>Review-<br>Document<br>Uploaded.<br>-<br>XXXXXX-<br>XX/XX/<br>XXXX | Resolved-HELOC agreement rec'd - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | XXXXXXXXXX<br> XXXXX.XXX |  |  | XX | Second<br>Home | Refinance | No Cash<br>Out-<br>Borrower<br>Initiated | 7288935 | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp; XXXX | 262 |  |  | Closed | 2026-<br>01-25<br>21:08 | 2026-<br>02-20<br>08:38 | Resolved | 1 -<br>Information D A | Credit | Missing Doc | Borrower 1<br>Photo<br>Identification<br>Type Missing | Resolved-Validation Resolved or Not Applicable - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX<br> Ready for Review-Document Uploaded. - XXXXXX-XX/XX/XXXX<br> Open-Borrower X Photo Identification Missing. Please provide valid photo identification per guideline requirements. Provide Photo Identification for Borrower X - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | Ready for<br>Review-<br>Document<br>Uploaded.<br>-<br>XXXXXX-<br>XX/XX/<br>XXXX | Resolved-Validation Resolved or Not Applicable - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | XXXXXXXXXX XXXX<br> XXX XXXXXXXX.XXX |  |  | XX | Second<br>Home | Refinance | No Cash<br>Out -<br>Borrower<br>Initiated | 7287901 | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp; XXXX | 262 |  |  | Closed | 2026-<br>01-25<br>21:08 | 2026-<br>02-20<br>08:38 | Resolved | 1 -<br>Information D A | Credit | Missing Doc | Borrower 2<br>Photo<br>Identification<br>Type Missing | Resolved-Validation Resolved or Not Applicable - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX<br> Ready for Review-Document Uploaded. - XXXXXX-XX/XX/XXXX<br> Open-Borrower X Photo Identification Missing. Please provide valid photo identification per guideline requirements. Provided Photo Identification for Borrower X - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | Ready for<br>Review-<br>Document<br>Uploaded.<br>-<br>XXXXXX-<br>XX/XX/<br>XXXX | Resolved-Validation Resolved or Not Applicable - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | XXXXXXXXXX XXXXXXX XXXXXXXX.XXX |  |  | XX | Second<br>Home | Refinance | No Cash<br>Out -<br>Borrower<br>Initiated | 7287902 | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp; XXXX | 264 |  |  | Closed | 2026-<br>01-25<br>07:50 | 2026-<br>05-13<br>07:53 | Resolved | 1 -<br>Information D A | Property | Missing Doc | 1004D<br>Completion<br>Report is<br>Missing | Resolved-XXXXD Completion Report is present - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX<br> Resolved-Lender's cert on the XXXXD Completion Report was received. - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX<br> Ready for Review-Document Uploaded. - XXXXXX-XX/XX/XXXX<br> Counter-XXXX from a different date with a different value and by a different appraiser was received, but this was not the appraisal that the qualifying value/LTV was based off of. The XXXXD for the qualifying appraisal is still missing to determine if the qualifying value changed when the "subject to" issues were resolved. - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX<br> Ready for Review-Document Uploaded. - XXXXXX-XX/XX/XXXX<br> Open-XXXXD Completion Report is Missing The Primary Valuation that was used for LTV consideration (XXXX Appraisal dated XX/XX/XXXX by XXXXXXXX XXXXXXXX for $X,XXX,XXX) was completed "Subject to." The corresponding XXXXD is missing from the file. - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | Ready for<br>Review-<br>Document<br>Uploaded.<br>-<br>XXXXXX-<br>XX/XX/<br> XXXXReady for<br>Review-<br>Document<br>Uploaded.<br>-<br>XXXXXX-<br>XX/XX/<br>XXXX | Resolved-XXXXD Completion Report is present - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX<br> Resolved-Lender's cert on the XXXXD Completion Report was received. - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | XXXXXXXXXXXXX_XXXX<br> _XX_XX_XX_XX_XX_X_<br> XX_X.XXX_XXXXX_<br> XXXXXX XXXXXXXXXXXXX - XXXXXX.XXX |  |  | XX | Primary<br>Residence | Refinance | No Cash<br>Out -<br>Borrower<br>Initiated | 7284121 | N/A | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp; XXXX | 264 |  |  | Closed | 2026-<br>01-26<br>06:24 | 2026-<br>02-11<br>03:53 | Resolved | 1 -<br>Information D A | Credit | Missing Doc | 1008<br>Document is<br>Missing | Resolved-XXXX Document uploaded, Verified & entered in system - Resolved<br> - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX<br> Resolved-The XXXX document is present in the loan file. - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX<br> Ready for Review-Document Uploaded. - XXXXXX-XX/XX/XXXX<br> Open-The XXXX document is missing from the loan file. The file is missing the Final XXXX. (The file contains X XXXX's, but neither of them show the final qualifying terms such as income, PITIA, DTI ratios, appraised value, and LTV. - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | Ready for<br>Review-<br>Document<br>Uploaded.<br>-<br>XXXXXX-<br>XX/XX/<br>XXXX | Resolved-XXXX Document uploaded, Verified & entered in system - Resolved<br> - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX<br> Resolved-The XXXX document is present in the loan file. - XXX XXXXXXXXX XXXXXX-XX/XX/XXXX | XXXXXX XXXXXXXXXX XXXX.XXX |  |  | XX | Primary<br>Residence | Refinance | No Cash<br>Out -<br>Borrower<br>Initiated | 7292211 | N/A | N/A |

---

## Exhibit 99.15

**EXHIBIT 99.15** 

**SELENE VALUATION REPORT** 

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| 0 | 2 | 7 | 14 | 19 | 24 | 29 | 34 | 39 | 44 | 49 | 54 | 59 | 64 | 69 | 74 | 79 | 84 | 89 | 94 | 97 | 102 | 107 | 112 | 119 | 124 | 129 | 134 | 139 | 142 | 147 | 152 | 157 | 162 | 167 | 172 | 177 | 184 | 189 | 194 | 199 | 204 | 209 | 212 | 217 | 222 | 227 | 232 | 237 | 242 | 247 | 252 | 257 | 262 | 267 | 272 | 277 | 282 | 287 | 292 | 297 | 302 | 307 | 312 | 317 | 322 | 327 | 332 | 339 | 342 | 347 | 352 | 357 | 362 | 367 | 372 | 377 | 382 | 387 | 392 | 397 | 402 | 409 | 414 |
| &nbsp;&nbsp;&nbsp;**Loan<br>ID** | **Seller<br>Loan<br>ID** | **Investor<br>Loan<br>ID** | **Note<br>Date** | **Original<br>Loan<br>Amount** | **Sales<br>Price** | **Total<br>Adjusted<br>Prior<br>Purchase<br>Price** | **Primary<br>Appraised<br>Value** | **Primary<br>Appraisal<br>Date** | **Primary<br>Appraisal<br>Type** | **Primary<br>Appraisal<br>Company** | **Primary<br>Appraiser<br>Name** | **Primary<br>Appraiser<br>License<br>Number** | **Value<br>for<br>LTV** | **LTV** | **CLTV** | **Loan<br>Reviewed<br>Property<br>Value** | **Loan<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Reviewed<br>Variance<br>Percent** | **Loan<br>Reviewed<br>Product<br>Type** | **Loan<br>Post-Close<br>Reviewed<br>Property<br>Value** | **Loan<br>Post-Close<br>Reviewed<br>Variance<br>Amount** | **Loan<br>Post-Close<br>Reviewed<br>Variance<br>Percent** | **Loan<br>Post-Close<br>Reviewed<br>Product<br>Type** | **Second<br>Appraisal<br>Value** | **Second<br>Appraisal<br>Variance<br>Amount** | **Second<br>Appraisal<br>Variance<br>Percent** | **Second<br>Appraisal<br>Date** | **Second<br>Appraisal<br>Type** | **AVM<br>Appraised<br>Value** | **AVM<br>Variance<br>Amount** | **AVM<br>Variance<br>Percent** | **AVM<br>Confidence<br>Score** | **FSD<br>Score** | **AVM<br>Company<br>Name** | **AVM<br>Product<br>Name** | **AVM<br>Appraisal<br>Date** | **Desk<br>Review<br>Appraised<br>Value** | **Desk<br>Review<br>Variance<br>Amount** | **Desk<br>Review<br>Variance<br>Percent** | **Desk<br>Review<br>Company** | **Desk Review<br>Risk Score** | **Desk<br>Review<br>Appraisal<br>Date** | **Desk Top<br>Appraised<br>Value** | **Desk<br>Top<br>Variance<br>Amount** | **Desk<br>Top<br>Variance<br>Percent** | **Desk Top<br>Company** | **Desk Top<br>Appraisal<br>Date** | **BPO<br>Appraised<br>Value** | **BPO<br>Variance<br>Amount** | **BPO<br>Variance<br>Percent** | **BPO<br>Company** | **BPO<br>Appraisal<br>Date** | **Field<br>Review<br>Appraised<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>Appraisal<br>Date** | **2055<br>Appraised<br>Value** | **2055<br>Variance<br>Amount** | **2055<br>Variance<br>Percent** | **2055<br>Company** | **2055<br>Appraisal<br>Date** | **AVE/<br>CMA<br>Appraised<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>Appraisal<br>Date** | **Completion<br>Report<br>(1004D)<br>Date** | **Other<br>Appraised<br>Value** | **Other<br>Variance<br>Amount** | **Other<br>Variance<br>Percent** | **Other<br>Appraisal<br>Date** | **Updated<br>Appraised<br>Value** | **Updated<br>Variance<br>Amount** | **Updated<br>Variance<br>Percent** | **Updated<br>Company** | **Updated<br>Appraisal<br>Date** | **Updated<br>Appraisal<br>Type** | **Loan<br>Collateral<br>Advisor<br>Risk<br>Score** | **Loan Collateral<br>Advisor Risk<br>Score Date** | **Is Eligible for Rep<br>and Warrant<br>Relief per Loan<br>Collateral<br>Advisor?** | **Collateral<br>Underwriter<br>Risk Score** | **Collateral<br>Underwriter<br>Risk Score<br>Date** |
| &nbsp;&nbsp;&nbsp;261 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | .0000 | XXXX | Low Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.3 | XXXX |
| &nbsp;&nbsp;&nbsp;265 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 76.14 | 76.14 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | .0000 | XXXX | LOW RISK | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | XXXX |
| &nbsp;&nbsp;&nbsp;262 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 80.0 | 80.0 | XXXX | XXXX | .0000 | Desk Review |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX | XXXX | .0000 | XXXX | Moderate Risk | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.7 | XXXX |
| &nbsp;&nbsp;&nbsp;264 |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | 1004 URAR | XXXX | XXXX | XXXX | XXXX | 77.67 | 77.67 | XXXX | XXXX | .0742 | 1004 URAR |  |  |  |  | XXXX | XXXX | .0742 | XXXX | 1004 URAR |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.2 | XXXX |

---

## Exhibit 99.16

**EXHIBIT 99.16** 

**SELENE MLS REPORT** 

------

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| 0 | 2 | 4 | 6 | 8 | 10 | 12 | 14 | 16 | 18 | 20 | 22 | 24 | 26 | 28 | 30 | 32 | 34 | 36 | 38 | 40 | 42 | 44 | 46 | 48 | 50 | 52 | 54 | 56 | 58 | 60 | 62 | 64 | 66 | 68 | 70 | 72 | 74 | 76 | 78 | 80 | 82 | 84 | 86 | 88 | 90 | 92 | 94 | 96 | 98 | 100 | 102 | 104 | 106 | 108 | 110 | 112 | 114 | 116 | 118 | 120 | 122 | 124 | 126 | 128 | 130 | 132 | 134 | 136 | 138 | 140 | 142 | 144 | 146 | 148 | 150 | 152 | 154 | 156 | 158 | 160 | 162 | 164 | 166 | 168 | 170 | 172 | 174 | 176 | 178 | 180 | 182 | 184 | 186 | 188 | 190 | 192 | 194 | 196 | 198 | 200 | 202 | 204 | 206 | 208 | 210 | 212 | 214 | 216 | 218 | 220 | 222 | 224 | 226 | 228 | 230 | 232 | 234 | 236 | 238 | 240 | 242 | 244 | 246 | 248 | 250 | 252 | 254 | 256 | 258 | 260 | 262 | 264 | 266 | 268 | 270 | 272 | 274 | 276 | 278 | 280 | 282 | 284 | 286 | 288 | 290 | 292 | 294 | 296 | 298 | 300 | 302 | 304 | 306 | 308 | 310 | 312 | 314 | 316 | 318 | 320 | 322 | 324 | 326 | 328 | 330 | 332 | 334 | 336 | 338 | 340 | 342 | 344 | 346 | 348 | 350 | 352 | 354 | 356 | 358 | 360 | 362 | 364 | 366 | 368 | 370 | 372 | 374 | 376 | 378 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Seller**<br> **Loan ID** | **Loan ID** | **Investor<br>Loan ID** | **Lender<br>Name** | **Transaction<br>ID** | **ULI** | **Borrower 1<br>First Name** | **Borrower 1<br>Last Name** | **Borrower 1<br>SSN** | **Borrower 1<br>Birthdate** | **Borrower 1<br>Gender** | **Borrower 1<br>Ethnicity** | **Borrower 1<br>Race** | **Borrower 1<br>Citizen** | **Borrower 1<br>Self-<br>Employment<br>Flag** | **Borrower 1<br>FTHB** | **Borrower 1<br>FICO Date** | **Borrower 1<br>Origination<br>FICO** | **Borrower 1<br>Origination<br>Equifax** | **Borrower 1<br>Origination<br>Experian** | **Borrower 1<br>Origination<br>TransUnion** | **Borrower 2<br>First Name** | **Borrower 2<br>Last Name** | **Borrower 2<br>SSN** | **Borrower 2<br>Birthdate** | **Borrower 2<br>Gender** | **Borrower 2<br>Ethnicity** | **Borrower 2<br>Race** | **Borrower 2<br>Citizen** | **Borrower 2<br>Self-<br>Employment<br>Flag** | **Borrower 2<br>FTHB** | **Borrower 2<br>FICO Date** | **Borrower 2<br>Origination<br>FICO** | **Borrower 2<br>Origination<br>Equifax** | **Borrower 2<br>Origination<br>Experian** | **Borrower 2<br>Origination<br>TransUnion** | **Borrower 3<br>First Name** | **Borrower 3<br>Last Name** | **Borrower 3<br>SSN** | **Borrower 3<br>Birthdate** | **Borrower 3<br>Gender** | **Borrower 3<br>Ethnicity** | **Borrower 3<br>Race** | **Borrower 3<br>Citizen** | **Borrower 3<br>Self-<br>Employment<br>Flag** | **Borrower 3<br>FTHB** | **Borrower 3<br>FICO Date** | **Borrower 3<br>Origination<br>FICO** | **Borrower 3<br>Origination<br>Equifax** | **Borrower 3<br>Origination<br>Experian** | **Borrower 3<br>Origination<br>TransUnion** | **Borrower 4<br>First Name** | **Borrower 4<br>Last Name** | **Borrower 4<br>SSN** | **Borrower 4<br>Birthdate** | **Borrower 4<br>Gender** | **Borrower 4<br>Ethnicity** | **Borrower 4<br>Race** | **Borrower 4<br>Citizen** | **Borrower 4<br>Self-<br>Employment<br>Flag** | **Borrower 4<br>FTHB** | **Borrower 4<br>FICO Date** | **Borrower 4<br>Origination<br>FICO** | **Borrower 4<br>Origination<br>Equifax** | **Borrower 4<br>Origination<br>Experian** | **Borrower 4<br>Origination<br>TransUnion** | **Subject<br>Address** | **Subject<br>City** | **Subject<br>Sate** | **Subject<br>Zip<br>Code** | **Subject<br>County** | **Originator<br>Doc Type** | **Occupancy** | **Loan<br>Purpose** | **Refinance<br>Type** | **Qualifying<br>Front End<br>DTI** | **Qualifying<br>DTI** | **Borrower 1<br>Qualifying<br>Income** | **Borrower 2<br>Qualifying<br>Income** | **Borrower 3<br>Qualifying<br>Income** | **Borrower 4<br>Qualifying<br>Income** | **All<br>Borrower<br>Total<br>Qualifying<br>Income** | **Borrower 1<br>Employment<br>Status** | **Borrower 2<br>Employment<br>Status** | **Borrower 3<br>Employment<br>Status** | **Borrower 4<br>Employment<br>Status** | **Borrower 1<br>Length of<br>Employment** | **Borrower 2<br>Length of<br>Employment** | **Borrower 3<br>Length of<br>Employment** | **Borrower 4<br>Length of<br>Employment** | **4506-T<br>Flag** | **All<br>Borrower<br>Residual<br>Income** | **All<br>Borrower<br>Monthly<br>Debt** | **Escrow<br>Flag** | **Months<br>Reserves** | **Liquid<br>Cash<br>Reserves** | **Original<br>Note<br>Loan<br>Amount** | **Original<br>Qualifying<br>Loan<br>Amount** | **Original<br>Qualifying<br>Base LTV** | **Original<br>Qualifying<br>LTV** | **Original<br>Qualifying<br>CLTV** | **Application<br>Date** | **Note<br>Date** | **Cash<br>Disbursement<br>Date** | **Mortgage<br>Type** | **Loan<br>Product** | **Loan<br>Program** | **Original<br>Note<br>Interest<br>Rate** | **Original<br>Qualifying<br>Interest<br>Rate** | **Original<br>P&I<br>Payment** | **Original<br>Qualifying<br>P&I<br>Payment** | **Monthly<br>Escrow<br>Payment** | **Original<br>Total<br>Housing<br>Expense<br>(PITIA)** | **First<br>Payment<br>Date** | **Amortization<br>Type** | **Original<br>Amortization<br>Term** | **Original<br>Term to<br>Maturity** | **Maturity<br>Date** | **ARM<br>Gross<br>Margin** | **ARM<br>Rounding<br>Method** | **ARM<br>Rounding<br>Factor** | **ARM<br>Lookback<br>Days** | **ARM<br>Rate<br>Index<br>Type** | **Origination<br>ARM Rate<br>Index<br>Value** | **ARM<br>Initial<br>Interest<br>Rate<br>Cap** | **ARM<br>Subsequent<br>Interest<br>Rate Cap** | **ARM<br>Initial<br>Interest<br>Rate<br>Floor** | **ARM<br>Lifetime<br>Interest<br>Rate<br>Floor** | **ARM<br>Initial<br>Interest<br>Rate<br>Maximum** | **ARM<br>Lifetime<br>Interest<br>Rate<br>Maximum** | **ARM<br>First<br>Rate<br>Reset<br>Date** | **ARM<br>First<br>Payment<br>Reset<br>Date** | **ARM<br>Subsequent<br>Interest<br>Rate Reset<br>Frequency** | **ARM<br>Subsequent<br>Payment<br>Reset<br>Frequency** | **Interest<br>Only<br>Flag** | **Original<br>Interest<br>Only<br>Term** | **Balloon<br>Flag** | **Buydown<br>Flag** | **Assumable<br>Flag** | **Prepayment<br>Penalty<br>Flag** | **Prepayment<br>Penalty<br>Total Term** | **Prepayment<br>Penalty<br>Type** | **Origination<br>Channel** | **PMI<br>Flag** | **MI<br>Certificate<br>Number** | **Mortgage<br>Insurance<br>Percent** | **Mortgage<br>Insurance<br>Type** | **Mortgage<br>Insurance<br>Company<br>Name** | **MERS<br>MOM<br>Flag** | **MERS<br>Loan<br>ID** | **Property<br>Type** | **Number<br>of Units** | **Year<br>Built** | **Primary<br>Value<br>Property<br>Valuation<br>Date** | **Primary<br>Value<br>Property<br>Valuation<br>Type** | **Primary<br>Value<br>Property<br>Value** | **Secondary<br>Value<br>Property<br>Valuation<br>Date** | **Secondary<br>Value<br>Property<br>Form<br>Type** | **Secondary<br>Value<br>Property<br>Value** | **Sales<br>Price** | **Qualifying<br>Property<br>Value** | **Date<br>of<br>Prior<br>Sale** | **Days<br>Since<br>Prior<br>Sale** | **Total<br>Adjusted<br>Prior<br>Purchase<br>Price** | **Flood<br>Zone<br>Flag** | **Flood<br>Zone<br>Code** | **Flood<br>Policy<br>Number** | **Other<br>Lien<br>Amount** | **Other<br>Lien<br>Position** | **Originator<br>QM<br>Status** | **Final<br>QM<br>Status** | **Total<br>Number<br>of<br>Borrowers** | **Cash<br>Out<br>Amount** | **Total<br>Origination<br>and<br>Discount<br>Points** | **Number of<br>Mortgaged<br>Properties** | **Credit<br>Report:<br>Max<br>Trade<br>Line** | **Credit<br>Report:<br>Longest<br>Trade<br>Line** | **Credit<br>Report:<br>Number<br>of<br>Trade<br>Lines** | **Credit Line Usage<br>Ratio** | **Borrower<br>1 Years<br>in Home** | **GSE<br>Eligible<br>Flag** | **AUS<br>Case<br>Number** | **AUS<br>Recommendation** | **QM<br>Points<br>and<br>Fees** | **Annual<br>Percent<br>Rate<br>(APR)** | **Higher<br>Priced<br>Mortgage<br>Loan<br>(HPML)<br>Flag** | **Covered/High<br>Cost<br>Loan<br>Flag** | **Guideline<br>Name** | **UW<br>Guideline<br>Author** | **Blanket<br>Mortgage<br>Flag** |
|  | 261 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | US Citizen | No | true | XXXX | 757 | 691 | 763 | 757 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | US<br>Citizen | No | false | XXXX | 751 | 751 | 755 | 751 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | FL | XXXX | XXXX | Full Doc | Primary<br>Residence | Purchase | NA | 15.75 | 27.46 | .00 | 105204.62 | .00 | .00 | 105204.62 | Not<br>Employed | Retired |  |  |  |  |  |  | 2 YRS | 82856.92 | 28889.91 | Taxes<br>and<br>Insurance | 290.09 | 4808018.61 | XXXX | XXXX | 80.0 | 80.0 | 80.0 | XXXX | XXXX | XXXX | Conventional | Fixed | XXXX | 6.75 | 6.75 | XXXX | XXXX | 1989.58 | 16574.41 | XXXX | Fixed | 360 | 360 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 0 | No | No | No |  | 0 | No<br>Prepayment<br>Penalty | Retail | No | XXXX |  |  |  | Yes | XXXX | Single<br>Family<br>Detached | 1 | XXXX | XXXX | XXXX | XXXX | XXXX | Desk<br>Review | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | No | XXXX | XXXX | 0 |  | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | 2 | 0.0 | 5128.60 | 2 | 35379 | 263 | 6 | 0.5377845273006563 | 4 | Yes | XXXX | Approve<br>Ineligible | 5173.6 | 6.827 | No | No | XXXX | XXXX | No |
|  | 265 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | US Citizen | No | false | XXXX | 778 | 778 | 776 | 780 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | UT | XXXX | XXXX | Full Doc | Primary<br>Residence | Purchase | NA | 36.69 | 48.18 | 16990.61 | .00 | .00 | .00 | 16990.61 | Employed |  |  |  | 0.43 |  |  |  | 1 YR | 8804.34 | 8186.27 | No<br>Escrow | 22.29 | 138957.31 | XXXX | XXXX | 76.14 | 76.14 | 76.14 | XXXX | XXXX | XXXX | Conventional | Fixed | XXXX | 6.125 | 6.125 | XXXX | XXXX | 0 | 6233.27 | XXXX | Fixed | 360 | 360 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 0 | No | No | No |  | 0 | No<br>Prepayment<br>Penalty | Correspondent<br>Flow with<br>Delegated<br>UW | No | XXXX |  |  |  | Yes | XXXX | PUD | 1 | XXXX | XXXX | XXXX | XXXX | XXXX | Desk<br>Review | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | No | XXXX | XXXX | 0 |  | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | 1 | 0.0 | 11088.44 | 2 | 87798 | 142 | 6 | 0.11681268882175226 | 0.50 | Yes | XXXX | Approve<br>Ineligible | 7590.63 | 6.240 | No | No | XXXX | XXXX | No |
|  | 262 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | US Citizen | No | false | XXXX | 787 | 788 | 787 | 759 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | US<br>Citizen | No | false | XXXX | 811 | 811 | 823 | 797 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | ID | XXXX | XXXX | Full Doc | Second<br>Home | Refinance | Rate<br>and<br>Term | 11.16 | 43.17 | 19976.64 | 9969.02 | .00 | .00 | 29945.66 | Employed | Employed |  |  | 7.75 | 20.58 |  |  | 2 YRS | 17017.65 | 12928.01 | No<br>Escrow | 20.92 | 139099.93 | XXXX | XXXX | 80.0 | 80.0 | 80.0 | XXXX | XXXX | XXXX | Conventional | Fixed | XXXX | 6.75 | 6.75 | XXXX | XXXX | 0 | 6650.37 | XXXX | Fixed | 360 | 360 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 0 | No | No | No |  | 0 | No<br>Prepayment<br>Penalty | Retail | No | XXXX |  |  |  | Yes | XXXX | PUD | 1 | XXXX | XXXX | XXXX | XXXX | XXXX | Desk<br>Review | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | No | XXXX | XXXX | 0 |  | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | 2 | 0.0 | 9014.20 | 2 | 67174 | 340 | 5 | 0.07922272047832586 | 3.92 | Yes | XXXX | Accept | 9014.2 | 6.860 | No | No | XXXX | XXXX | No |
|  | 264 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | US Citizen | No | false | XXXX | 771 | 771 | 762 | 790 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | US<br>Citizen | No | false | XXXX | 783 | 783 | 755 | 798 | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX |  |  |  | XXXX |  |  |  |  | XXXX | XXXX | UT | XXXX | XXXX | Full Doc | Primary<br>Residence | Refinance | Rate<br>and<br>Term | 22.23 | 32.28 | 60883.00 | .00 | .00 | .00 | 60883.00 | Employed | Not<br>Employed |  |  | 1.22 |  |  |  | 3 YRS | 41229.29 | 19653.71 | Taxes<br>and<br>Insurance | 41.07 | 555877.78 | XXXX | XXXX | 77.67 | 77.67 | 77.67 | XXXX | XXXX | XXXX | Conventional | Fixed | XXXX | 6.25 | 6.25 | XXXX | XXXX | 1030.49 | 13535.71 | XXXX | Fixed | 360 | 360 | XXXX |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No | 0 | No | No | No |  | 0 | No<br>Prepayment<br>Penalty | Correspondent<br>Bulk | No | XXXX |  |  |  | Yes | XXXX | Single<br>Family<br>Detached | 1 | XXXX | XXXX | XXXX | XXXX | XXXX | 1004<br>URAR | XXXX | XXXX | XXXX | XXXX | XXXX | XXXX | No | XXXX | XXXX | 0 |  | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | QM:<br>Safe<br>Harbor<br>APOR<br>(APOR<br>SH) | 2 | 1845.38 | 4916.50 | 1 | 84283 | 239 | 6 | 0.13386842105263158 | 0.92 | Yes | XXXX | Approve<br>Ineligible | 4916.5 | 6.291 | No | No | XXXX | XXXX | No |

---

## Exhibit 99.17

**EXHIBIT 99.17** 

**SELENE DATA COMPARE REPORT** 

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---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Loan ID** | **Seller Loan ID** | **Investor Loan ID** | **Transaction ID** | **Field Name** | **Source** | **Verified Value** | **Bid Tape Value** | **Comment** |
| &nbsp;&nbsp;&nbsp;264 |  |  | XXXX | Property City | notePage | XXXX | XXXX | XXXX |

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## Exhibit 99.18

**EXHIBIT 99.18** 

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

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**EXECUTIVE SUMMARY** 

**DESCRIPTION OF SERVICES** 

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

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

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

The Review was conducted on one (1) mortgage loan with an aggregate original principal balance of approximately $1.280 million. During the course of the securitization evaluation process, the Client removed loans that were reviewed by AMC from the securitization. The initial population included two (2) mortgage loans with an aggregate original principal balance of approximately $2.539 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 Zip | Coborrower Mailing State | MERS Min Number | Property Type |
| &nbsp;&nbsp;&nbsp;Amortization Type | Borrower Self-Employed? | Coborrower Mailing Street | Note Date | Purpose |
| &nbsp;&nbsp;&nbsp;Borrower Birth Date | Borrower SSN | Coborrower Mailing Zip | Occupancy | Representative FICO |
| &nbsp;&nbsp;&nbsp;Borrower Citizenship | City | Coborrower Self-Employed? | Original CLTV | State |
| &nbsp;&nbsp;&nbsp;Borrower First Name | Coborrower Birth Date | Coborrower SSN | Original Interest Rate | Street |
| &nbsp;&nbsp;&nbsp;Borrower Last Name | Coborrower Citizenship | Escrow Account | Original Loan Amount | Zip |
| &nbsp;&nbsp;&nbsp;Borrower Mailing City | Coborrower First Name | First Payment Date | Original LTV |  |
| &nbsp;&nbsp;&nbsp;Borrower Mailing State | Coborrower Last Name | Investor: Qualifying Total Debt Ratio | Original Term |  |
| &nbsp;&nbsp;&nbsp;Borrower Mailing Street | Coborrower Mailing City | LTV Valuation Value | Originator Loan Designation |  |

---

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

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

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

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![LOGO](g200558ex18.jpg)

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](g200558ex18.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 noted where required and (b) that the subject property is the one for which the valuation was ordered and that there are no negative external factors; and (vii) confirming that the value product that was used as part of the origination decision was directly accessible to AMC or if it was not directly accessible that another valuation product that was directly accessible to AMC was ordered in accordance with the Client's specific valuation waterfall process.

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

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

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

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

With regard to TILA-RESPA Integrated Disclosure ("TRID") testing, AMC implemented the TRID scope of review referenced within the Regulatory Compliance section (III) based on (i) the RMBS 4.0 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

&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.

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**(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));

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

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&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.

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.

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

&nbsp;&nbsp;&nbsp;&nbsp;&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;** 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The final review results reflected in the Overall Review Results Summary herein may include additional exceptions identified after AMC's initial review was completed where loan level issues were identified by external parties as a result

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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 was one (1) mortgage loan in the securitization population reviewed by AMC. After all documents were presented, under the applicable NRSRO grading criteria, one (1) (100.00%) loan had an Overall loan 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 | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; B | 1 | 100.00% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

---

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![LOGO](g200558ex18.jpg)

**COMPLIANCE RESULTS SUMMARY** 

Of the one (1) loan reviewed, under the applicable NRSRO grading criteria, one (1) loan 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 | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; B | 1 | 100.00% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

---

**CREDIT RESULTS SUMMARY** 

Of the one (1) mortgage loan, under the applicable NRSRO grading criteria, 100.00% of the total received an "A" Credit 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 | 1 | 100.00% |
| &nbsp;&nbsp;&nbsp; B | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; C | 0 | 0.00% |
| &nbsp;&nbsp;&nbsp; D | 0 | 0.00% |

---

**PROPERTY/VALUATION RESULTS SUMMARY** 

Of the one (1) mortgage loan, 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 | 1 | 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").

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; **Exception**<br> **Type** | **Final**<br> **Exception**<br> **Rating** | **Exception Category** |  | **Total** |
| &nbsp;&nbsp;&nbsp; Compliance | B | Missing Required Data (other than HUD-1 or Note) |  | 1 |
| &nbsp;&nbsp;&nbsp; Compliance | B | *Total Compliance Grade (B) Exceptions:* | | *1* |
| &nbsp;&nbsp;&nbsp; ***Total Compliance Exceptions:*** | &nbsp;&nbsp;&nbsp; ***Total Compliance Exceptions:***  | &nbsp;&nbsp;&nbsp; ***Total Compliance Exceptions:***  |  | **1** |
| &nbsp;&nbsp;&nbsp; **Grand Total:** | &nbsp;&nbsp;&nbsp; **Grand Total:**  | &nbsp;&nbsp;&nbsp; **Grand Total:**  |  | **1** |

---

**TAPE INTEGRITY REVIEW RESULTS SUMMARY** 

Of the one (1) mortgage loan reviewed, one (1) (100.00%) mortgage loans had three (3) tape discrepancies across forty-two (42) unique data fields. 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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![LOGO](g200558ex18.jpg)

---

| | | | | |
|:---|:---|:---|:---|:---|
| &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 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Amortization Type | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Borrower Birth Date | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Borrower Citizenship | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Borrower First Name | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Borrower Last Name | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Borrower Mailing City | 1 | 1 | 100.00% | 1 |
| &nbsp;&nbsp;&nbsp; Borrower Mailing State | 1 | 1 | 100.00% | 1 |
| &nbsp;&nbsp;&nbsp; Borrower Mailing Street | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Borrower Mailing Zip | 1 | 1 | 100.00% | 1 |
| &nbsp;&nbsp;&nbsp; Borrower Self-Employed? | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Borrower SSN | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; City | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Coborrower Birth Date | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Coborrower Citizenship | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Coborrower First Name | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Coborrower Last Name | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Coborrower Mailing City | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Coborrower Mailing State | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Coborrower Mailing Street | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Coborrower Mailing Zip | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Coborrower Self-Employed? | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Coborrower SSN | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Escrow Account | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; First Payment Date | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Investor: Qualifying Total Debt Ratio | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; LTV Valuation Value | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; MERS Min Number | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Note Date | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Occupancy | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Original CLTV | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Original Interest Rate | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Original Loan Amount | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Original LTV | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Original Term | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Originator Loan Designation | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Property Type | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Purpose | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Representative FICO | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; State | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Street | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; Zip | 0 | 1 | 0.00% | 1 |
| &nbsp;&nbsp;&nbsp; **Total** | **3** | **42** | **7.14%** | **1** |

---

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![LOGO](g200558ex18.jpg)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Amortization Type** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Fixed | 1 | 100.00% | $1280000.00 | 100.00% |
| &nbsp;&nbsp;&nbsp; **Total** | **1** | **100.00%** | **$1280000.00** | **100.00%** |
| **Lien Position** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; 1 | 1 | 100.00% | $1280000.00 | 100.00% |
| &nbsp;&nbsp;&nbsp; **Total** | **1** | **100.00%** | **$1280000.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Loan Purpose** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Other-than-first-time Home Purchase | 1 | 100.00% | $1280000.00 | 100.00% |
| &nbsp;&nbsp;&nbsp; **Total** | **1** | **100.00%** | **$1280000.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Original Term** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; 241-360 Months | 1 | 100.00% | $1280000.00 | 100.00% |
| &nbsp;&nbsp;&nbsp; **Total** | **1** | **100.00%** | **$1280000.00** | **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 | 1 | 100.00% | $1280000.00 | 100.00% |
| &nbsp;&nbsp;&nbsp; **Total** | **1** | **100.00%** | **$1280000.00** | **100.00%** |
| &nbsp;&nbsp;&nbsp;**Occupancy** | **Loan <br>Count** | **% of <br>Loans** | **Original** <br> **Balance**  | **% of <br>Balance** |
| &nbsp;&nbsp;&nbsp; Second Home | 1 | 100.00% | $1280000.00 | 100.00% |
| &nbsp;&nbsp;&nbsp; **Total** | **1** | **100.00%** | **$1280000.00** | **100.00%** |

---

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## Exhibit 99.19

**EXHIBIT 99.19** 

**AMC EXCEPTION GRADES** 

------

![LOGO](g200558image19.jpg)

**Exception Grades**

**Run Date - 5/14/2026 10:23:48 AM**

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; **SitusAMC**<br> **Loan ID** | **Deal<br>ID** | **Customer<br>Loan ID** | **Seller<br>Loan ID** | **Investor**<br> **Loan**<br> **Number** | **Loan**<br> **Exception ID** | **Exception<br>ID** | **Exception<br>Date** | **Exception<br>Type** | **Exception<br>Category** | **Exception<br>Subcategory** | **15E Category** | **Exception** | **Exception Detail** | **Exception Information** | **Compensating<br>Factors** | **Compensating<br>Factor<br>Information** | **Applying<br>Party** | **Follow-up<br>Comments** | **Cleared<br>Date** | **Cured<br>Date** | **Waived Date** | **Exception<br>Level<br>Grade** | **Note Date** | **Property<br>State** | **Occupancy** | **Purpose** | **Exception**<br> **Remediation** | **Originator**<br> **QM**<br> **ATR Status** | **TPR QM**<br> **ATR<br>Status** | **Is<br>Curable** |
| &nbsp;&nbsp;&nbsp;&nbsp; [Redact] | 263 | [Redact] | [Redact] |  | 34970305 |  |  | Credit | Loan Package<br>Documentation | Application<br>/<br>Processing | Loan Package<br>Documentation | Mismatch<br>of data<br>related to<br>Occupancy. |  | The declarations<br>section of the final<br>1003 identified the<br>property would be<br>occupied as a<br>[Redacted] residence.<br>Provide a revised<br>1003 correcting the<br>declarations section. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>24):<br>Revised<br>1003<br>provided.<br>Exception<br> cleared. <br> Seller<br>Comment<br>(2025-11-<br>21):<br>Revised<br>1003 | 11/24/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; [Redact] | 263 | [Redact] | [Redact] |  | 34970306 |  |  | Credit | Loan Package<br>Documentation | Application<br>/<br>Processing | Loan Package<br>Documentation | Mismatch<br>of data<br>related to<br>Occupancy. |  | The declarations<br>section of the final<br>1003 identified the<br>property would be<br>occupied as a<br>[Redacted] residence.<br>Provide a revised<br>1003 correcting the<br>declarations section. |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>24):<br>Revised<br>1003<br>provided.<br>Exception<br>cleared. | 11/24/2025 |  |  | 1 C A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; [Redact] | 263 | [Redact] | [Redact] |  | 34970309 |  |  | Compliance | Compliance | Federal<br>Compliance | Missing<br>Required Data<br>(other than<br>HUD-1 or<br>Note) | Disparity<br>in<br>Occupancy<br>- Not High<br>Cost and<br>Not Higher<br>Priced | The mortgage<br>loan file contains<br>documenting<br>evidence the<br>consumer intends<br>to occupy the<br>subject property<br>as their<br>[Redacted]<br>residence.<br>(Compliance<br>testing performed<br>based on the<br>Occupancy Type<br>of<br>[Redacted]Home). | The declarations<br>section of the initial<br>and final 1003<br>identified the property<br>would be occupied as<br>a [Redacted]<br>residence for two of<br>the<br>[Redacted][Redacted]. |  |  |  |  |  |  | 11/12/2025 | 2 B |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |
| &nbsp;&nbsp;&nbsp;&nbsp; [Redact] | 263 | [Redact] | [Redact] |  | 35068402 |  |  | Compliance | Compliance | Federal<br>Compliance | Missing<br>Required Data<br>(other than<br>HUD-1 or<br>Note) | Disparity<br>in<br>Occupancy<br>- Not<br>Tested As<br>[Redacted] | The mortgage<br>loan file contains<br>documenting<br>evidence the<br>consumer intends<br>to occupy the<br>subject property<br>as their<br>[Redacted]<br>residence.<br>(Compliance<br>testing performed<br>based on the<br>Occupancy Type<br>of<br>[Redacted]Home).<br>Determination has<br>not been made as<br>to whether the<br>loan would be<br>High Cost and/or<br>HPML if ran as a<br>[Redacted]<br>Residence. |  |  |  |  | Reviewer<br>Comment<br>(2025-11-<br>24):<br>Revised<br>1003<br>provided. | 11/24/2025 |  |  | 1 A |  | [Redact] | Second<br>Home | Purchase | C B A | Safe<br>Harbor<br>QM<br>(APOR) | Safe<br>Harbor<br>QM<br>(APOR) | No |

---

## Exhibit 99.20

**EXHIBIT 99.20** 

**AMC RATING AGENCY GRADES** 

------

![LOGO](g200558image19.jpg)

**Rating Agency Grades**

**Run Date - 5/14/2026 10:23:48 AM**

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | &nbsp;&nbsp;&nbsp;**LOAN INFORMATION** | **INITIAL CREDIT LOAN GRADES** | **INITIAL COMPLIANCE LOAN GRADES** | **INITIAL PROPERTY LOAN GRADES** | **INITIAL OVERALL LOAN GRADES** | **FINAL CREDIT LOAN GRADES** | **FINAL COMPLIANCE LOAN GRADES** | **FINAL PROPERTY LOAN GRADES** | **FINAL OVERALL LOAN GRADES** |
| &nbsp;&nbsp;&nbsp;**AMC Loan ID** | **Deal 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; [Redact] | 263 | [Redact] | [Redact] |  |  | C | B | A | C | A | B | A | B |  |

---

## Exhibit 99.21

**EXHIBIT 99.21** 

**AMC VALUATION REPORT** 

------

![LOGO](g200558image19.jpg)

**Valuation Report** 

**Run Date - 5/14/2026 10:23:49 AM** 

---

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SitusAMC Loan ID** | **Deal ID** | **Customer Loan ID** | **Seller Loan ID** | **Investor Loan Number** | **Note Date** | **Original Loan Amount** | **Sales Price** | **Value for LTV** | **As-Is Value for LTV** | **LTV Value Variance Amount** | **LTV Value Variance Percent** | **Primary Valuation Value** | **Primary Valuation Report Date** | **Primary Valuation Effective Date** | **Primary Valuation Type** | **Primary Valuation Company** | **Primary Valuation Appraiser Name** | **Primary Valuation Appraiser License Num** | **Primary Valuation FSD Score** | **Secondary Valuation Value** | **Secondary Valuation Variance Amount** | **Secondary Valuation Variance Percent** | **Secondary Valuation Report Date** | **Secondary Valuation Effective Date** | **Secondary Valuation Type** | **Secondary Valuation Company** | **Secondary Valuation FSD Score** | **Secondary Valuation Desk Review Risk Score** | **AVM Value** | **AVM Variance Amount** | **AVM Variance Percent** | **AVM Company** | **AVM FSD Score** | **AVM Report Date** | **Desk Review Value** | **Desk Review Variance Amount** | **Desk Review Variance Percent** | **Desk Review Company** | **Desk Review Risk Score** | **Desk Review Report Date** | **Desk Review Effective Date** | **Desktop Appraisal Value** | **Desktop Appraisal Variance Amount** | **Desktop Appraisal Variance Percent** | **Desktop Appraisal Company** | **Desktop Appraisal Report Date** | **Desktop Appraisal Effective Date** | **BPO Value** | **BPO Variance Amount** | **BPO Variance Percent** | **BPO Company** | **BPO Report Date** | **Field Review Value** | **Field Review Variance Amount** | **Field Review Variance Percent** | **Field Review Company** | **Field Review Report Date** | **Field Review Effective Date** | **2055 Value** | **2055 Variance Amount** | **2055 Variance Percent** | **2055 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<br>Rep and<br>Warrant<br>Relief per<br>Loan<br>Collateral<br>Advisor?** | **LCA<br>Risk<br>Score** | **Collateral<br>Underwriter<br>Risk Score** |
| &nbsp;&nbsp;&nbsp;[Redact] | 263 | [Redact] | [Redact] |  |  |  |  |  |  |  | 0.000% |  |  |  | Appraisal |  |  |  |  |  |  | 0.000% |  |  | Desk Review |  |  | Low |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | No |  | 1.00 |

---

## Exhibit 99.22

**EXHIBIT 99.22** 

**AMC DATA COMPARE REPORT** 

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![LOGO](g200558image19.jpg)

**Data Compare (Non-Ignored)** 

**Run Date - 5/14/2026 10:20:25 AM** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**AMC Loan ID** | **Deal ID** | **Customer Loan ID** | **Seller Loan ID** | **Servicer Loan ID** | **Investor Loan Number** | **Field Label** | **Bid Tape Field Value** | **Field Value** | **Compare Status** |
| &nbsp;&nbsp;&nbsp;[Redact[ | 263 | [Redact[ | [Redact[ |  |  | Borrower Mailing City | [Redact[ | [Redact[ | Verified |
| &nbsp;&nbsp;&nbsp;[Redact[ | 263 | [Redact[ | [Redact[ |  |  | Borrower Mailing State | [Redact[ | [Redact[ | Verified |
| &nbsp;&nbsp;&nbsp;[Redact[ | 263 | [Redact[ | [Redact[ |  |  | Borrower Mailing Zip | [Redact[ | [Redact[ | Verified |

---