OMB Number: 3235-0675

 

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______________ to _________________

 

Date of Report (Date of filing) __________________

 

Commission File Number of securitizer: __________________

 

Central Index Key Number of securitizer:__________________

 

 

 

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

 

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

 

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

 

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

 

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

 

Central Index Key Number of sponsor: 0001889966

 

Barclays Mortgage Loan Trust 2024-NQM2

 

(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

 

Sanyogita Lakhera (212) 526-4149

 

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

to contact in connection with this filing.

 

 

 

 

FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS

 

Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuing Entity

 

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached Exhibit 99 to this Form ABS-15G. Please see the Exhibit Index for the related information.

 

 

 

 

SIGNATURES

 

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

 

SUTTON FUNDING LLC
   
Date: April 17, 2024By: /s/ Sanyogita Lakhera
 Name: Sanyogita Lakhera
 Title:Authorized Signatory

 

 

 

 

EXHIBIT INDEX

 

Exhibit Number

 

99.1 - Third Party Due Diligence Report – AMC Narrative

 

Schedule 1 – Data Compare

Schedule 2 – Data Compare Summary Total

Schedule 3 – Exception Grades

Schedule 4 – Rating Agency Grades

Schedule 5 – Valuation Summary

 

99.2 – Third Party Due Diligence Report – Clayton Narrative

 

Schedule 1 – Conditions Detail Report

Schedule 2 – Loan Grades

Schedule 3 – Loan Level Tape Compare

Schedule 4 – Non ATR QM

Schedule 5 – Rating Agency ATR

Schedule 6 – Standard Upload

Schedule 7 – Upload Report

Schedule 8 – Valuations Summary

 

99.3 - Third Party Due Diligence Report – Recovco Narrative

 

Schedule 1 – Data Compare

Schedule 2 – Exception Level

Schedule 3 – Loan Level Exceptions

Schedule 4 – QM ATR Data

Schedule 5 – RA Grades

Schedule 6 – Valuation Report

 

 


ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

THIRD PARTY DUE DILIGENCE REPORT - AMC NARRATIVE

SCHEDULE 1 - DATA COMPARE

SCHEDULE 2 - DATA COMPARE SUMMARY TOTAL

SCHEDULE 3 - EXCEPTION GRADES

SCHEDULE 4 - RATING AGENCY GRADES

SCHEDULE 5 - VALUATION SUMMARY

THIRD PARTY DUE DILIGENCE REPORT - CLAYTON NARRATIVE

SCHEDULE 1 - CONDITIONS DETAIL REPORT

SCHEDULE 2 - LOAN GRADES

SCHEDULE 3 - LOAN LEVEL TAPE COMPARE

SCHEDULE 4 - NON ATR QM

SCHEDULE 5 - RATING AGENCY ATR

SCHEDULE 6 - STANDARD UPLOAD

SCHEDULE 7 - UPLOAD REPORT

SCHEDULE 8 - VALUATIONS SUMMARY

THIRD PARTY DUE DILIGENCE REPORT - RECOVCO NARRATIVE

SCHEDULE 1 - DATA COMPARE

SCHEDULE 2 - EXCEPTION LEVEL

SCHEDULE 3 - LOAN LEVEL EXCEPTIONS

SCHEDULE 4 - QM ATR DATA

SCHEDULE 5 - RA GRADES

SCHEDULE 6 - VALUATION REPORT