GCAT 2022-NQM5 ABS-15G 

 

Exhibit 99.2

 

 

 

Loan Number Seller ID Number Finding ID Deal Num Investor Loan Number Deal Specific Name Exception ID Last Name Loan Purpose Occupancy Note Date State Original Loan Amount Loan Status Exception Date Exception Type Exception Subcategory Exception Status Exception Status Change Date Exception Grade Exception Exception Information Exception Rebuttal Exception Rebuttal Date Compensating Factors Statute of Limitation Date Status Comment Last Modified Date TPR QM ATR Status
438820890 XXXXX XXXXX-03603 724   XXX 3603 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 7/11/2022 Credit No Credit Findings Cleared 7/11/2022 1 No Credit Findings The loan meets all applicable credit guidelines.     Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years      7/11/2022 Non-QM: Lender documented all ATR UW factors
438820890 XXXXX XXXXX-03782 724   XXX 3782 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 7/11/2022 Property No Property Findings Cleared 7/11/2022 1 No Property Findings Property and valuations related findings were not identified on the loan.      Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years      7/11/2022 Non-QM: Lender documented all ATR UW factors
438820890 XXXXX XXXXX-96570 724   XXX -96570 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 7/11/2022 Compliance Qualified Mortgage Safe Harbor Threshold Cleared 7/26/2022 1 Qualified Mortgage Safe Harbor Threshold This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule.  ( 12 CFR §1026.43(b)(4), (e)(1) )This loan does not qualify for a safe harbor. The loan has an APR of XXX%. The APR threshold to qualify for a safe harbor is XXX%.A creditor or assignee of a qualified mortgage, that is not a higher-priced covered transaction, complies with the repayment ability requirements of paragraph (c) of this section. A creditor or assignee of a qualified mortgage, that is a higher-priced covered transaction, is presumed to comply with the repayment ability requirements of paragraph (c) of this section.Higher-priced covered transaction means a covered transaction with an annual  percentage rate that exceeds the average prime offer rate for a comparable transaction as of the date the interest rate is set by 1.5 or more percentage points for a first-lien covered transaction, or by 3.5 or more percentage points for a subordinate-lien covered  transaction.     Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years    This loan may qualify for a safe harbor level of compliance with the qualified mortgage rule. ( 12 CFR §1026.43(b)(4), (e)(1) )This loan may qualify for a safe harbor. The loan has an APR of Borrower XXX%. The APR threshold to qualify for a safe harbor is XXX%.A creditor or assignee of a qualified mortgage, that is not a higher-priced covered transaction, complies with the repayment ability requirements of paragraph (c) of this section. A creditor or assignee of a qualified mortgage, that is a higher-priced covered transaction, is presumed to comply with the repayment ability requirements of paragraph (c) of this section.Higher-priced covered transaction means a covered transaction with an annual  percentage rate that exceeds the average prime offer rate for a comparable transaction as of the date the interest rate is set by 1.5 or more percentage points for a first-lien covered transaction, or by 3.5 or more percentage points for a subordinate-lien covered  transaction. 7/26/2022 Non-QM: Lender documented all ATR UW factors
438820890 XXXXX XXXXX-96648 724   XXX -96648 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 7/11/2022 Compliance Higher-Priced Mortgage Loan Test Cleared 7/26/2022 1 Higher-Priced Mortgage Loan Test This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. This loan passed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is not a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR§1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. 7/26/2022 Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years    This loan passed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is not a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR§1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. 7/26/2022 Non-QM: Lender documented all ATR UW factors
438820890 XXXXX XXXXX-96657 724   XXX -96657 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 7/11/2022 Compliance Higher-Priced Mortgage Loan Required Escrow Account Test Cleared 7/26/2022 1 Higher-Priced Mortgage Loan Required Escrow Account Test This loan failed the higher-priced mortgage loan required escrow account test. ( 12 CFR §1026.35(b) )This loan fails to collect reserves for either:The payment of homeowner's insurance and property taxes for properties that are not a condominium, high rise condominium, or planned unit development, orThe loan contains a custom fee with an associated attribute of "escrow or reserves" but the fee does not have a dollar value listed; orThe payment of property taxes for condominium, or high rise condominium, or planned unit development.Except as provided in 1026.35(b)(2) regarding exemptions, a creditor may not extend a higher-priced mortgage loan secured by a first lien on a consumer's principal dwelling unless an escrow account is established before consummation for payment of property taxes and premiums for mortgage-related insurance required by the creditor, such as insurance against loss of or damage to property, or against liability arising out of the ownership or use of the property, or insurance protecting the creditor against the consumer's default or other credit loss.Insurance premiums described in above need not be included in escrow accounts for loans secured by dwellings in condominiums, planned unit developments, or other common interest communities in which dwelling ownership requires participation in a governing association, where the governing association has an obligation to the dwelling owners to maintain a master policy insuring all dwellings.PLEASE NOTE:(1)This test does not consider whether the creditor complies with 12 CFR §1026.35(b)(2)(iii) regarding properties that are located in counties designated as either "rural" or "underserved" by the Consumer Financial Protection Bureau.(2)This test does not account for instances when mortgage insurance reserves must be escrowed based on 12 CFR §1026.35. See Higher-Priced Mortgage Loan Alert (below) for full escrow requirements. The higher-priced mortgage loan required escrow account test is not applicable to this loan for one of the following reasons: ( 12 CFR §1026.35(a)(1), (b)(2)(i)(A) )The loan is not a higher-priced mortgage loan; orThe loan is not a first lien loan; orThe loan is secured by shares in a cooperative. Escrow accounts need not be established for loans secured by shares in a cooperative.PLEASE NOTE: This test does not consider whether the creditor complies with 12 CFR §1026.35(b)(2)(iii) regarding properties that are located in counties designated as either "rural" or "underserved" by the Consumer Financial Protection Bureau. 7/26/2022 Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years    The higher-priced mortgage loan required escrow account test is not applicable to this loan for one of the following reasons: ( 12 CFR §1026.35(a)(1), (b)(2)(i)(A) )The loan is not a higher-priced mortgage loan; orThe loan is not a first lien loan; orThe loan is secured by shares in a cooperative. Escrow accounts need not be established for loans secured by shares in a cooperative.PLEASE NOTE: This test does not consider whether the creditor complies with 12 CFR §1026.35(b)(2)(iii) regarding properties that are located in counties designated as either "rural" or "underserved" by the Consumer Financial Protection Bureau. 7/26/2022 Non-QM: Lender documented all ATR UW factors
438820890 XXXXX XXXXX-96658 724   XXX -96658 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 7/11/2022 Compliance Higher-Priced Mortgage Loan Cleared 7/26/2022 1 Higher-Priced Mortgage Loan Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of xxxx, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac and the APR exceeds the Average Prime Offer Rate (5.310%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac and the APR exceeds the Average Prime Offer Rate (5.310%) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (5.310%) by 3.5% or more. Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is not a higher-priced mortgage loan due one of the following findings:The loan has a date creditor received application on or after the effective date of XX/XX/XXXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac, but the APR does not exceed the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac, but the APR does not exceed the Average Prime Offer Rate (XXX%) by 2.5% or more; orThe loan is a subordinate lien, but the APR does not exceed the Average Prime Offer Rate (XXX%) by 3.5% or more. 7/26/2022 Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years    Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is not a higher-priced mortgage loan due one of the following findings:The loan has a date creditor received application on or after the effective date of XX/XX/XXXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac, but the APR does not exceed the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac, but the APR does not exceed the Average Prime Offer Rate (XXX%) by 2.5% or more; orThe loan is a subordinate lien, but the APR does not exceed the Average Prime Offer Rate (XXX%) by 3.5% or more. 7/26/2022 Non-QM: Lender documented all ATR UW factors
438820890 XXXXX XXXXX-99349 724   XXX -99349 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 7/11/2022 Compliance TILA Finance Charge Test Cleared 7/26/2022 1 TILA Finance Charge Test This loan failed the TILA finance charge test.( 12 CFR §1026.38(o)(2) )The finance charge is $XXX. The disclosed finance charge of  $XXX is not considered accurate because it is understated by more than $XXX.     Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years    This loan passed the TILA finance charge test.( 12 CFR §1026.38(o)(2) )The finance charge is $XXX. The disclosed finance charge of $XXX is considered accurate because:It is understated by no more than $XXX; orIt is greater than the amount required to be disclosed. 7/26/2022 Non-QM: Lender documented all ATR UW factors
438820919 XXXXX XXXXX-02110 724   XXX 2110 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 7/14/2022 Credit Qualifying DTI exceeds Guideline Maximum Allowable Cleared 7/28/2022 1 Qualifying DTI exceeds Guideline Maximum Allowable Qualifying DTI of XXX exceeds guideline maximum of 50.00.; Qualifying DTI of XXX exceeds guideline maximum of XXX. Need lender to explain why increase on Best Buy account was not added to liabilities.; DTI is above XXX because of credit report run on XX/XX/XXXX which increased a revolving payment XXX increasing the DTI to XXX.  See pages 397, 404 and 420; EXCEPTION REMAINS:  Lender provided LOE to include a VENMO deposit for XX/XX/XXXX statement.  Please provide an updated bank statement income worksheet, 1008 and final 1003 to include the deposit and submit for review.  Additional conditions may apply.   Change status of 'Qualifying DTI exceeds Guideline Maximum Allowable' from Active to Open Rebuttal.;
EXCEPTION REMAINS:  Lender provided LOE to include a XXX deposit for XX/XX/XXXX statement.  Please provide an updated bank statement income worksheet to include the deposit and submit for review.  Additional conditions may apply.  ; DTI is above XXX because of credit report run on XX/XX/XXXX which increased a revolving payment XXX increasing the DTI to XXX.  See pages 397, 404 and 420; EXCEPTION REMAINS:  Lender provided LOE to include a XXX deposit for XX/XX/XXXX statement.  Please provide an updated bank statement income worksheet, 1008 and final 1003 to include the deposit and submit for review.  Additional conditions may apply.  		 7/26/2022 Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.    Documentation provided to support Qualifying DTI below XXX.; Documentation provided to support Qualifying DTI below XXX. 7/28/2022 Non-QM: Lender documented all ATR UW factors
438820919 XXXXX XXXXX-02578 724   XXX 2578 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 7/14/2022 Credit Housing history does not meet guidelines Cleared 7/25/2022 1 Housing history does not meet guidelines Housing history does not meet guidelines.; Rental verification not found in the file per the GL. Change status of 'Housing history does not meet guidelines' from Active to Open Rebuttal.;
Lender provided VOR, 12 months Mortgage/rent bank statements and cancelled checks for the rental/mortgage history to meet ARC guidelines.  EXCEPTION RESOLVED.; Rental verification not found in the file per the GL.		 7/25/2022 Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.    Housing delinquency meets guidelines.  Lender provided VOR, 12 months Mortgage/rent bank statements and cancelled checks for the rental/mortgage history to meet ARC guidelines.  EXCEPTION RESOLVED. 7/25/2022 Non-QM: Lender documented all ATR UW factors
438820919 XXXXX XXXXX-03782 724   XXX 3782 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 7/15/2022 Property No Property Findings Cleared 7/15/2022 1 No Property Findings Property and valuations related findings were not identified on the loan.      Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.      7/15/2022 Non-QM: Lender documented all ATR UW factors
438820919 XXXXX XXXXX-96374 724   XXX -96374 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 7/15/2022 Compliance TRID "Section C. Services You Can Shop For / Services Borrower Did Shop For" Validation Test Cleared 7/28/2022 1 TRID "Section C. Services You Can Shop For / Services Borrower Did Shop For" Validation Test This loan failed the TRID "Section C. Services You Can Shop For / Services Borrower Did Shop For" validation test.This loan contains a fee or fees where "compensation to" is set to the lender or broker but this fee or fees should not be retained by the lender or broker."Section C. Services You Cannot Shop For / Services Borrower Did Not Shop For" should contain an itemization of each amount and a subtotal of all such amounts the consumer will pay for settlement services for which the consumer can shop in accordance with Regulation Z and that are provided by persons other than the creditor or mortgage broker. Change status of 'TRID "Section C. Services You Can Shop For / Services Borrower Did Shop For" Validation Test' from Cleared to Rescind.;
Cleared in QC.		 7/18/2022 Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.    This compliance test 'TRID "Section C. Services You Can Shop For / Services Borrower Did Shop For" Validation Test' is no longer tested 7/28/2022 Non-QM: Lender documented all ATR UW factors
438820919 XXXXX XXXXX-96648 724   XXX -96648 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 7/15/2022 Compliance Higher-Priced Mortgage Loan Test Acknowledged 7/28/2022 2 Higher-Priced Mortgage Loan Test This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Change status of 'Higher-Priced Mortgage Loan Test' from Active to Acknowledged by Client.;
HPML, B Grade.		 7/18/2022 Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.    Acknowledged by Client. HPML, B Grade. 7/28/2022 Non-QM: Lender documented all ATR UW factors
438820919 XXXXX XXXXX-96658 724   XXX -96658 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 7/15/2022 Compliance Higher-Priced Mortgage Loan Acknowledged 7/28/2022 2 Higher-Priced Mortgage Loan Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XX/XX/XXXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac and the APR exceeds the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac and the APR exceeds the Average Prime Offer Rate (XXX%) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by 3.5% or more. Change status of 'Higher-Priced Mortgage Loan' from Active to Acknowledged by Client.;
HPML, B Grade.		 7/18/2022 Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job.    Acknowledged by Client. HPML, B Grade. 7/28/2022 Non-QM: Lender documented all ATR UW factors
438820867 XXXXX XXXXX-03605 684   XXX 3605 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 5/25/2022 Credit Asset Documents are Incomplete Cleared 6/16/2022 1 Asset Documents are Incomplete Asset Documents are Incomplete:  The XXX account #XXX for the co-borrower is not seasoned at least 60 days as required by the guide.  History is provided from XX/XX/XXXX - XX/XX/XXXX.  The balance of this account was transferred to XXX account #XXX and used in qualification.  Large deposit of $XXX on XX/XX/XXXX into XXX account #XXX is not explained or sourced.   Change status of 'Asset Documents are Incomplete' from Active to Open Rebuttal.;
Lender provided updated 1003 and per the XXX account in file, the XXX transfer XXX from his XXX to the XXX account and then wired XXX to the XXX account (sourced).  EXCEPTION RESOLVED		 6/16/2022 Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX.    EXCEPTION RESOLVED 6/16/2022 Non-QM: Lender documented all ATR UW factors
438820867 XXXXX XXXXX-03782 684   XXX 3782 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 6/14/2022 Property No Property Findings Cleared 6/14/2022 1 No Property Findings Property and valuations related findings were not identified on the loan.      Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX.      6/14/2022 Non-QM: Lender documented all ATR UW factors
438820867 XXXXX XXXXX-00654 684   XXX 654 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 5/25/2022 Credit CoBorrower Liabilities Verified Indicator is Partial Acknowledged 6/24/2022 2 CoBorrower Liabilities Verified Indicator is Partial CoBorrower liabilities verified indicator is Partial.  Per the guide, use the credit score of the primary income earner for qualification.  Co-borrower is the primary income earner.  XXX is an authorized user account.  XXX shows history from XX/XX/XXXX which is less than 12 months.  Co-borrower does not have any other tradelines reporting in the last two years.  Co-borrower does not meet minimum tradeline requirements.   Change status of 'CoBorrower Liabilities Verified Indicator is Partial' from Active to Acknowledged by Client.;
Client provided Exception Detail report acknowledging the tradeline history defect and providing the following compensating factors: Excellent credit, B1 does meet tradeline history with 2 tradelines over 24 months. B Grade.		 6/24/2022 Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX.    Client provided Exception Detail report acknowledging the tradeline history defect and providing the following compensating factors: Excellent credit, B1 does meet tradeline history with 2 tradelines over 24 months. B Grade. 6/24/2022 Non-QM: Lender documented all ATR UW factors
438820867 XXXXX XXXXX-01262 684   XXX 1262 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 5/25/2022 Credit CoBorrower Income Verification does not match Approval Cleared 5/27/2022 1 CoBorrower Income Verification does not match Approval The coborrower income verification does not match approval.  Business narrative is not provided in the loan file as required by the guide.  This is necessary to determine the appropriate expense ratio.  Please provide a business narrative that includes a description of the business, the outlook for the future of the business, information about the products or services, an outline of how the business and management team is organized, and the number of full-time employees or contractors.   Change status of 'CoBorrower Income Verification does not match Approval' from Active to Open Rebuttal.;
Lender provided copy of the business narrative that includes a description of the business, the outlook for the future of the business, information about the products or services, an outline of how the business and management team is organized, and the number of full-time employees or contractors.  		 5/27/2022 Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX.    The coborrower income verification does match approval.  EXCEPTION RESOLVED 5/27/2022 Non-QM: Lender documented all ATR UW factors
438820867 XXXXX XXXXX-02077 684   XXX 2077 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 5/25/2022 Credit Fraud Report Missing Cleared 5/27/2022 1 Fraud Report Missing Fraud report Missing.; Guide requires an automated third-party fraud tool (ie XXX).  Fraud report is not provided in the loan file.   Change status of 'Fraud Report Missing' from Active to Open Rebuttal.;
Lender provided copy of the Fruad Report; Guide requires an automated third-party fraud tool (ie FraudGuard, DRIVE).  Fraud report is not provided in the loan file.  		 5/27/2022 Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX.    Fraud report Present. 5/27/2022 Non-QM: Lender documented all ATR UW factors
438820867 XXXXX XXXXX-02571 684   XXX 2571 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 5/25/2022 Credit Final Loan Application is Partial Acknowledged 6/16/2022 2 Final Loan Application is Partial Final Loan Application is Partial; ARC Access Program guidelines state, "The Primary borrower must be self-employed when there is more than one borrower."  On the final 1003, the primary borrower shows unemployed, and the co-borrower shows self-employed.   Change status of 'Final Loan Application is Partial' from Active to Acknowledged by Client.;
Lender provided approved exception to keep borrowers in same position.  Compensating factors include FICO 770, Residual Income $XXX and DTI of XXX%.  		 6/16/2022 Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX.    Lender provided approved exception to keep borrowers in same position.  Compensating factors include FICO XXX, Residual Income $XXX and DTI of XXX%.   6/16/2022 Non-QM: Lender documented all ATR UW factors
438820867 XXXXX XXXXX-02578 684   XXX 2578 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 5/25/2022 Credit Housing history does not meet guidelines Cleared 6/16/2022 1 Housing history does not meet guidelines Housing history does not meet guidelines.; 24-month rental history is provided.  Rent payment on XX/XX/XXXX was $XXX, but total rent should be $XXX.  Rent payment on XX/XX/XXXX was $XXX, but total rent should be $XXX.  Explanation for low rent on XX/XX/XXXX and XX/XX/XXXX is not provided in the loan file.   Change status of 'Housing history does not meet guidelines' from Active to Open Rebuttal.;
Lender provided LOE form the borrower on the low rent payments (Per LOE:  City was offering a COVID relief for renters and they took advantage of the program).  ; 24-month rental history is provided.  Rent payment on XX/XX/XXXX was $XXX, but total rent should be $XXX.  Rent payment on XX/XX/XXXX was $XXX, but total rent should be $XXX.  Explanation for low rent on XX/XX/XXXX and XX/XX/XXXX is not provided in the loan file.  		 6/16/2022 Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX.    Housing delinquency meets guidelines.  EXCEPTION RESOLVED 6/16/2022 Non-QM: Lender documented all ATR UW factors
438820867 XXXXX XXXXX-03602 684   XXX 3602 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 5/25/2022 Compliance No Compliance Findings Cleared 5/25/2022 1 No Compliance Findings The loan is in compliance with all applicable laws and regulations.
     Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX.      5/25/2022 Non-QM: Lender documented all ATR UW factors
438820927 XXXXX XXXXX-00397 702   XXX 397 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 6/16/2022 Credit Note Document Indicator is Partial Cleared 6/23/2022 1 Note Document Indicator is Partial Note document indicator is Partial.  The closing documents are not consistent for broker information.  The loan was originated by a broker (XXX NMLS ID XXX).  The loan was closed by XXX., XXX, a XXX (NMLS ID XXX).  The broker's information including NMLS ID is not reflected on the closing documents as required.  Final CD shows the lender as XXX and does not show a mortgage broker.   Change status of 'Note Document Indicator is Partial' from Active to Open Rebuttal.;
Lender provided updated Closing Disclosure with corrected Lender/Broker information.  EXCEPTION RESOLVED.		 6/23/2022 Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years    Note document indicator is Present 6/23/2022 Non-QM: Lender documented all ATR UW factors
438820927 XXXXX XXXXX-00651 702   XXX 651 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 6/16/2022 Credit Borrower Liabilities Verification Indicator is Partial Cleared 7/12/2022 1 Borrower Liabilities Verification Indicator is Partial Borrower liabilities verified indicator is Partial.  There are several liabilities reporting to the borrower's business bank statements which are not reflected on credit (IRS $XXX, XXX revolving, and XXX revolving).  Lender guide requires explanation of debt and documentation that the borrower has no personal liability.  Letter of explanation was not provided.  Additional conditions may apply.       Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years    Borrower liabilities verified indicator is Present 7/12/2022 Non-QM: Lender documented all ATR UW factors
438820927 XXXXX XXXXX-02578 702   XXX 2578 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 6/16/2022 Credit Housing history does not meet guidelines Acknowledged 7/29/2022 2 Housing history does not meet guidelines Housing history does not meet guidelines.  22 months of rental history is provided (XX/XX/XXXX).  A full 24 month rental history is required as this is a non-arm's length, tenant purchase.  XX/XX/XXXX and XX/XX/XXXX payment history is missing.  The XX/XX/XXXX rent payment was only $XXX, but the regular payment is $XXX.  Explanation for short payment is not provided.  Additionally, documentation to show that this is not a foreclosure bailout is not provided in the file as required by the guide.  ; EXCEPTION REMAINS. Client provided LOX from client stating XXX months is all the checks they have. Borrower is XXX months short of minimum requirement. LOX for short payment accepted. Evidence loan was not a bail-out accepted.; EXCEPTION REMAINS. Client provided LOX from client stating XXX months is all the checks they have. Borrower is XXX months short of minimum requirement. LOX for short payment accepted. Evidence loan was not a bail-out accepted.; EXCEPTION REMAINS. Client provided LOX from client stating XXX months is all the checks they have. Borrower is XXX months short of minimum requirement. LOX for short payment ACCEPTED. Evidence loan was not a bail-out ACCEPTED. Change status of 'Housing history does not meet guidelines' from Active to Open Rebuttal.;
Lender provided payoffs and verification this loan was not a FC bailout.  ;
;
EXCEPTION REMAINS:  Housing history does not meet guidelines.  22 months of rental history is provided (XX/XX/XXXX -XX/XX/XXXX).  A full 24 month rental history is required as this is a non-arm's length, tenant purchase.  XX/XX/XXXX and XX/XX/XXXX payment history is missing.  The XX/XX/XXXX rent payment was only $XXX, but the regular payment is $XXX.  Explanation for short payment is not provided. ; Change status of 'Housing history does not meet guidelines' from Open Rebuttal to Acknowledged by Client.;
Lender provided approved exception with compensating factors for the 22 months housing history vs lender guidelines required 24 months.  EXCEPTION DOWNGRADED		 7/29/2022 Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years    Lender provided approved exception with compensating factors for the 22 months housing history vs lender guidelines required 24 months.  EXCEPTION DOWNGRADED 7/29/2022 Non-QM: Lender documented all ATR UW factors
438820927 XXXXX XXXXX-03782 702   XXX 3782 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 6/16/2022 Property No Property Findings Cleared 6/16/2022 1 No Property Findings Property and valuations related findings were not identified on the loan.      Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years      6/16/2022 Non-QM: Lender documented all ATR UW factors
438820927 XXXXX XXXXX-96648 702   XXX -96648 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 6/16/2022 Compliance Higher-Priced Mortgage Loan Test Acknowledged 7/12/2022 2 Higher-Priced Mortgage Loan Test This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. Change status of 'Higher-Priced Mortgage Loan Test' from Active to Acknowledged by Client.;
Acknowledged		 6/16/2022 Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years    Acknowledged by Client. HPML, B Grade. 7/12/2022 Non-QM: Lender documented all ATR UW factors
438820927 XXXXX XXXXX-96658 702   XXX -96658 XXXXX First Time Home Purchase as defined by American Recovery and Reinvestment Act of 2009 (Purchaser has not owned a principal residence in the past three years) Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 6/16/2022 Compliance Higher-Priced Mortgage Loan Acknowledged 7/12/2022 2 Higher-Priced Mortgage Loan Higher-Priced Mortgage Loan ( 12 CFR §1026.35(a)(1) )The loan is a higher-priced mortgage loan due to the following findings:The loan has a date creditor received application on or after the effective date of XX/XX/XXXX, and either:The loan is secured by a first lien with a principal obligation at consummation that does not exceed the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac and the APR exceeds the Average Prime Offer Rate (XXX%) by 1.5% or more; orThe loan is secured by a first lien with a principal obligation at consummation that exceeds the limit in effect as of the date the transaction's interest rate is set for the maximum principal obligation eligible for purchase by Freddie Mac and the APR exceeds the Average Prime Offer Rate (XXX%) by 2.5% or more; orThe loan is a subordinate lien and the APR exceeds the Average Prime Offer Rate (XXX%) by 3.5% or more. Change status of 'Higher-Priced Mortgage Loan' from Active to Acknowledged by Client.;
Acknowledged		 6/16/2022 Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower XXX has significant job time - Borrower has XXX years on job ; Borrower has stable job time - Borrower has XXX years at job. ; Borrower Years On Job Exceeds XXX years - Borrower Years On Job Exceeds XXX years    Acknowledged by Client. HPML, B Grade. 7/12/2022 Non-QM: Lender documented all ATR UW factors
438639146 XXXXX XXXXX-03602 598   XXX 3602 XXXXX Rate Term Refinance Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 11/18/2021 Compliance No Compliance Findings Cleared 11/18/2021 1 No Compliance Findings The loan is in compliance with all applicable laws and regulations.
     Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.      11/18/2021 Non-QM: Lender documented all ATR UW factors
438639146 XXXXX XXXXX-03603 598   XXX 3603 XXXXX Rate Term Refinance Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 11/18/2021 Credit No Credit Findings Cleared 11/18/2021 1 No Credit Findings The loan meets all applicable credit guidelines.     Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of XXX is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Liquid Reserves are Greater than the Guideline Minimum - Liquid Reserves of XXX months or $XXX  are greater than the Guideline Minimum of XXX or $XXX. ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.      11/18/2021 Non-QM: Lender documented all ATR UW factors
438639362 XXXXX XXXXX-03602 702   XXX 3602 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 06/09/2022 Compliance No Compliance Findings Cleared 06/09/2022 1 No Compliance Findings The loan is in compliance with all applicable laws and regulations.
     Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.      06/09/2022 Non-QM: Lender documented all ATR UW factors
438639362 XXXXX XXXXX-03603 702   XXX 3603 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 06/09/2022 Credit No Credit Findings Cleared 06/09/2022 1 No Credit Findings The loan meets all applicable credit guidelines.     Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.      06/09/2022 Non-QM: Lender documented all ATR UW factors
438639362 XXXXX XXXXX-03782 702   XXX 3782 XXXXX Other than first time Home Purchase Owner occupied XX/XX/XXXX XXX $XXXXXX Closed 06/14/2022 Property No Property Findings Cleared 06/14/2022 1 No Property Findings Property and valuations related findings were not identified on the loan.      Calculated DTI is Less than the Guideline Maximum - Calculated DTI of XXX is less than the Guideline DTI of XXX. ; Original LTV is Below the Guideline Maximum - Calculated LTV of XXX is less than Guideline LTV of XXX. ; Original CLTV is Below the Guideline Maximum - Calculated CLTV of ___ is less than Guideline CLTV of XXX. ; Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is Greater than the Guideline Minimum of XXX.  ; Borrower has more than XXX years at current residence - Borrower at current residence XXX years ; Borrower has stable job time - Borrower has XXX years at job.      06/14/2022 Non-QM: Lender documented all ATR UW factors