HOMES 2025-NQM3 TRUST ABS-15G

Exhibit 99.6 Schedule 2

 

Loan Number Loan ID Finding # Last Name Note Date Audit Category Audit Issue Finding ID Exception Finding Remediation Status Exception Rebuttal Exception Response Status Comment Compensating Factors Initial Findings Grade Final Findings Grade Initial Loan Grade Final Loan Grade
XXXX 436296040 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings 22467828 The loan is in compliance with all applicable laws and regulations.           1 1 1 1
XXXX 436296040 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings 22467628 The loan meets all applicable credit guidelines.           1 1 1 1
XXXX 436296040 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount 22467629 The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The File contains a CDA which supports the opinion of value in the origination report.           1 1 1 1
XXXX 436296050 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings 22468443 The loan is in compliance with all applicable laws and regulations.           1 1 1 1
XXXX 436296050 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings 22468537 The loan meets all applicable credit guidelines.           1 1 1 1
XXXX 436296050 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount 22468536 The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The File contains a CDA which supports the opinion of value in the origination report.           1 1 1 1
XXXX 436296051 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings 22466933 The loan is in compliance with all applicable laws and regulations.           1 1 1 1
XXXX 436296051 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings 22467173 The loan meets all applicable credit guidelines.           1 1 1 1
XXXX 436296051 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount 22467172 The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The File contains a CDA which supports the opinion of value in the origination report.           1 1 1 1
XXXX 436296056 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings 22468387 The loan is in compliance with all applicable laws and regulations.           1 1 1 1
XXXX 436296056 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings 22468410 The loan meets all applicable credit guidelines.           1 1 1 1
XXXX 436296056 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount 22468411 The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The File contains a CDA which supports the opinion of value in the origination report.           1 1 1 1
XXXX 437325294 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings 22489896 The loan is in compliance with all applicable laws and regulations.           1 1 1 1
XXXX 437325294 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings 22489979 The loan meets all applicable credit guidelines.           1 1 1 1
XXXX 437325294 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount 22489981 The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The File contains a CDA which supports the opinion of value in the origination report.           1 1 1 1
XXXX 437325297 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings 22488066 The loan is in compliance with all applicable laws and regulations.           1 1 1 1
XXXX 437325297 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings 22488114 The loan meets all applicable credit guidelines.           1 1 1 1
XXXX 437325297 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount 22488111 The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The File contains a CDA which supports the opinion of value in the origination report.           1 1 1 1
XXXX 438240558 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings 22521196 The loan is in compliance with all applicable laws and regulations.           1 1 1 1
XXXX 438240558 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings 22521266 The loan meets all applicable credit guidelines.           1 1 1 1
XXXX 438240558 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount 22521265 The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA which supports the opinion of value in the origination appraisal report.           1 1 1 1
XXXX 438240559 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings 22520192 The loan is in compliance with all applicable laws and regulations.           1 1 3 2
XXXX 438240559 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings 22519928 The loan meets all applicable credit guidelines.           1 1 3 2
XXXX 438240559 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is not supported within 10% of original appraisal amount 22519927 The loan file contained a CDA that did not support the value within a 10% variance. Resolved Rebuttal 1 (XX/XX/XXXX XXXXAM)
Grade should be updated to a B as BPO supports appraisal within 10%.

Rebuttal 2 (XX/XX/XXXX XXXXPM)
BPO attached

Response 1 (XX/XX/XXXX XXXXAM)
The file does not contain a BPO. (Upheld)

Response 2 (XX/XX/XXXX XXXXPM)
BPO supports appraised value. As this is a 2nd valuation product, per the rating agencies this is graded an EV2. (Resolved)

    3 2 3 2
XXXX 438445132 1 of 3 XXXX XX/XX/XXXX Compliance No Compliance Findings 22535488 The loan is in compliance with all applicable laws and regulations.           1 1 1 1
XXXX 438445132 2 of 3 XXXX XX/XX/XXXX Credit No Credit Findings 22535396 The loan meets all applicable credit guidelines.           1 1 1 1
XXXX 438445132 3 of 3 XXXX XX/XX/XXXX Valuation Appraisal - Value is supported within 10% of original appraisal amount 22535397 The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The File contains a CDA which supports the opinion of value in the origination report.           1 1 1 1