|
Client Name:
|
FirstKey
|
||||||
|
Client Project Name:
|
TPMT 2025-1
|
||||||
|
Start - End Dates:
|
5/XX/2016 - 11/XX/2019
|
||||||
|
Deal Loan Count:
|
8
|
||||||
|
Report Run Date:
|
6/3/2025 5:29 PM
|
||||||
|
Conditions Report 2.0
|
|||||||
|
Loans in Report:
|
8
|
||||||
|
Loans with Conditions:
|
5
|
||||||
|
18 - Total Active Conditions
|
|||||||
|
1 - Material Conditions
|
|||||||
|
1 - Compliance Review Scope
|
|||||||
|
1 - Category: Documentation
|
|||||||
|
17 - Non-Material Conditions
|
|||||||
|
17 - Compliance Review Scope
|
|||||||
|
3 - Category: Ability to Repay/Qualified Mortgage
|
|||||||
|
1 - Category: Documentation
|
|||||||
|
3 - Category: Federal Consumer Protection
|
|||||||
|
1 - Category: Finance Charge Tolerance
|
|||||||
|
1 - Category: State Late Charges
|
|||||||
|
1 - Category: State Prepayment Penalty
|
|||||||
|
1 - Category: TILA
|
|||||||
|
6 - Category: TILA/RESPA Integrated Disclosure
|
|||||||
|
1 - Total Satisfied Conditions
|
|||||||
|
1 - Compliance Review Scope
|
|||||||
|
1 - Category: Ability to Repay/Qualified Mortgage
|
|||||||
|
0 - Total Waived Conditions
|
|||||||
|
©2025 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and
the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.
|
|||||||
|
Client Name:
|
FirstKey
|
||||||
|
Client Project Name:
|
TPMT 2025-1
|
||||||
|
Start - End Dates:
|
5/XX/2016 - 11/XX/2019
|
||||||
|
Deal Loan Count:
|
8
|
||||||
|
Report Run Date:
|
6/3/2025 5:29 PM
|
||||||
|
Conditions Report 2.0
|
|||||||
|
Loans in Report:
|
8
|
||||||
|
Loans with Conditions:
|
5
|
||||||
|
Redacted Loan ID
|
Loan Number
|
LoanUID
|
Original Principal Balance
|
Group
|
State
|
Initial Lender ATR/QM Status
|
Loan Level ATR/QM Status
|
Initial Securitization Compliance Loan Grade
|
Final Securitization Compliance Loan Grade
|
Initial S&P Compliance Loan Grade
|
Final S&P Compliance Loan Grade
|
Condition Category
|
Condition Sub Category
|
Condition Status
|
Initial Securitization Condition Grade
|
Final Securitization Condition Grade
|
Initial S&P Condition Grade
|
Final S&P Condition Grade
|
Condition Code
|
Condition Description
|
Condition Material Indicator
|
Initial Comments
|
Client/Seller Response Comments
|
Conclusion Comments
|
TRID Error Type
|
Cure Method
|
Loan Status
|
|||
|
738ACF13-277B-4880-8AA8-6180FAA1DFF5
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
TX
|
(No Data)
|
ATR/QM: Not Applicable
|
A
|
A
|
A
|
A
|
Complete
|
||||||||||||||||||
|
A3B7947E-5DCD-417C-8968-A0B8F4D3F5BF
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
NY
|
(No Data)
|
ATR/QM: Not Applicable
|
D
|
D
|
D
|
D
|
Compliance
|
Documentation
|
Active
|
D
|
B
|
D
|
B
|
CMPDOC155
|
Application Missing
|
No
|
Missing Application.
|
(No Data)
|
Applicable Statute of Limitation has expired. Final grade B, non-material.
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
A3B7947E-5DCD-417C-8968-A0B8F4D3F5BF
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
NY
|
(No Data)
|
ATR/QM: Not Applicable
|
D
|
D
|
D
|
D
|
Compliance
|
Documentation
|
Active
|
D
|
D
|
D
|
D
|
CMPDOC796
|
Missing Title
|
Yes
|
Missing Title.
|
(No Data)
|
(No Data)
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
A3B7947E-5DCD-417C-8968-A0B8F4D3F5BF
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
NY
|
(No Data)
|
ATR/QM: Not Applicable
|
D
|
D
|
D
|
D
|
Compliance
|
Federal Consumer Protection
|
Active
|
B
|
B
|
B
|
B
|
CMPFDCP849
|
TILA - Required ARM Loan Program Disclosure missing
|
No
|
Missing Early HELOC Disclosure.
|
(No Data)
|
(No Data)
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
A3B7947E-5DCD-417C-8968-A0B8F4D3F5BF
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
NY
|
(No Data)
|
ATR/QM: Not Applicable
|
D
|
D
|
D
|
D
|
Compliance
|
State Late Charges
|
Active
|
B
|
B
|
B
|
B
|
CMPSLC1201
|
Late Charges - Unable to Calculate Maximum Payment subject to late charge
|
No
|
Missing Note P&I. Unable to calculate maximum Payment.
|
(No Data)
|
(No Data)
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
A3B7947E-5DCD-417C-8968-A0B8F4D3F5BF
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
NY
|
(No Data)
|
ATR/QM: Not Applicable
|
D
|
D
|
D
|
D
|
Compliance
|
State Prepayment Penalty
|
Active
|
C
|
B
|
C
|
B
|
CMPSTPP100
|
PPP - Prepayment penalty prohibited by state
|
No
|
PPP prohibited by state. PPP expired XXX.
|
(No Data)
|
Applicable Statute of Limitation has expired. Final grade B, non-material.
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
A3B7947E-5DCD-417C-8968-A0B8F4D3F5BF
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
NY
|
(No Data)
|
ATR/QM: Not Applicable
|
D
|
D
|
D
|
D
|
Compliance
|
TILA
|
Active
|
D
|
B
|
D
|
B
|
CMPTILA3192
|
TILA - HELOC Early Disclosure Missing or Incomplete
|
No
|
Missing Early HELOC Disclosure.
|
(No Data)
|
Applicable Statute of Limitation has expired. Final grade B, non-material.
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
C52BD31F-79FE-4BD8-BE25-02171398F808
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
IL
|
ATR/QM: Not Provided
|
QM: GSE Temporary - QM/SH
|
B
|
B
|
B
|
B
|
Compliance
|
Ability to Repay/Qualified Mortgage
|
Active
|
N/A
|
B
|
N/A
|
B
|
CMPATRQM4645
|
TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender's status determination is not in file
|
No
|
Loan subject to Ability to Repay/Qualified Mortgage rule; Lender's status determination not in file.
|
(No Data)
|
(No Data)
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
C52BD31F-79FE-4BD8-BE25-02171398F808
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
IL
|
ATR/QM: Not Provided
|
QM: GSE Temporary - QM/SH
|
B
|
B
|
B
|
B
|
Compliance
|
TILA/RESPA Integrated Disclosure
|
Active
|
B
|
B
|
B
|
B
|
CMPTRID4285
|
TRID - CD: The value for Loan Amount in the LE column of the CD's Calculating Cash to Close table (Alt Version) is different from the
value disclosed on the last LE
|
No
|
LE: XXX-1 [Last LE], Section: Calculating Cash To Close, Field: Loan Amount, Value: XXXCD: XXX-1 [Last CD], Section: Calculating Cash to
Close, Field: Loan Amount - Loan Estimate, Value: XXXLE XXX is the last LE in file, possibly missing final LE in file.
|
(No Data)
|
(No Data)
|
Non-Numeric
|
Not Applicable
|
Complete
|
|||
|
C52BD31F-79FE-4BD8-BE25-02171398F808
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
IL
|
ATR/QM: Not Provided
|
QM: GSE Temporary - QM/SH
|
B
|
B
|
B
|
B
|
Compliance
|
TILA/RESPA Integrated Disclosure
|
Active
|
B
|
B
|
B
|
B
|
CMPTRID4299
|
TRID - CD: The value for Total Closing Costs in the LE column of the CD's Calculating Cash to Close table is different from the value
disclosed on the last LE
|
No
|
LE: XXX-1 [Last LE], Section: Calculating Cash To Close, Field: Total Closing Costs (J), Value: -XXXCD: XXX-1 [Last CD], Section:
Calculating Cash to Close, Field: Total Closing Costs (J) - Loan Estimate, Value: -XXXLE XXX is the last LE in file, possibly missing final LE in file.
|
(No Data)
|
(No Data)
|
Non-Numeric
|
Not Applicable
|
Complete
|
|||
|
C52BD31F-79FE-4BD8-BE25-02171398F808
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
IL
|
ATR/QM: Not Provided
|
QM: GSE Temporary - QM/SH
|
B
|
B
|
B
|
B
|
Compliance
|
TILA/RESPA Integrated Disclosure
|
Active
|
B
|
B
|
B
|
B
|
CMPTRID4309
|
TRID - CD: The value for Cash to Close in the LE column of the CD's Calculating Cash to Close table is different from the value
disclosed on the last LE
|
No
|
LE: XXX-1 [Last LE], Section: Calculating Cash To Close, Field: Estimated Cash to Close, Value: XXXCD: XXX-1 [Last CD], Section:
Calculating Cash to Close, Field: Cash to Close - Loan Estimate, Value: XXXLE XXX is the last LE in file, possibly missing final LE in file.
|
(No Data)
|
(No Data)
|
Non-Numeric
|
Not Applicable
|
Complete
|
|||
|
D6C080D6-CFF5-41B9-A19B-89D41BCFCE9C
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
NY
|
ATR/QM: Not Provided
|
Non-QM: Lender documented all ATR UW factors
|
B
|
B
|
B
|
B
|
Compliance
|
Ability to Repay/Qualified Mortgage
|
Active
|
B
|
B
|
B
|
B
|
CMPATRQM4645
|
TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender's status determination is not in file
|
No
|
TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender's status determination is not in file
|
(No Data)
|
(No Data)
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
D6C080D6-CFF5-41B9-A19B-89D41BCFCE9C
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
NY
|
ATR/QM: Not Provided
|
Non-QM: Lender documented all ATR UW factors
|
B
|
B
|
B
|
B
|
Compliance
|
TILA/RESPA Integrated Disclosure
|
Active
|
B
|
B
|
B
|
B
|
CMPTRID3670
|
TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required
within 60 days of consummation
|
No
|
Title - Pick Up Attendance Fee of $XXX and Transfer Taxes Aggregate of $XXX. Missing change of circumstance letter or post close CD, LOX
and evidence of refund to borrower.
|
(No Data)
|
Applicable Statute of Limitation has expired. Final grade B, non-material.
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
D6C080D6-CFF5-41B9-A19B-89D41BCFCE9C
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
NY
|
ATR/QM: Not Provided
|
Non-QM: Lender documented all ATR UW factors
|
B
|
B
|
B
|
B
|
Compliance
|
TILA/RESPA Integrated Disclosure
|
Active
|
B
|
B
|
B
|
B
|
CMPTRID3676
|
TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund
required within 60 days of consummation.
|
No
|
Ten percent tolerance for $XXX for increase in Recording Fees and other Taxes. Missing COC or Post Close CD, LOX and evidence of refund
check to borrower.
|
(No Data)
|
Applicable Statute of Limitation has expired. Final grade B, non-material.
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
1E562208-51FA-4988-AB0A-F16ECAC7E079
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
NY
|
ATR/QM: Not Provided
|
QM: GSE Temporary - QM/SH
|
D
|
B
|
D
|
B
|
Compliance
|
Ability to Repay/Qualified Mortgage
|
Active
|
N/A
|
B
|
N/A
|
B
|
CMPATRQM4645
|
TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender's status determination is not in file
|
No
|
Loan subject to Ability to Repay/Qualified Mortgage rule; Lender's status determination not in file.
|
XXX- ATR worksheet provided.
|
XXX - Exception remains. Worksheet missing status determination. Worksheet indicates loan may qualify for safe harbor.
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
1E562208-51FA-4988-AB0A-F16ECAC7E079
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
NY
|
ATR/QM: Not Provided
|
QM: GSE Temporary - QM/SH
|
D
|
B
|
D
|
B
|
Compliance
|
Ability to Repay/Qualified Mortgage
|
Satisfied
|
C
|
A
|
C
|
A
|
CMPATRQM2906
|
TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; is not a Qualified Mortgage Lender did not document that they
considered all ATR UW factors
|
No
|
Missing proof credit line of $XXX dated XXX was closed as per loan approval. Post closing statement dated XXX shows account still active
with a balance; however it was not included in the CLTV. Missing lenders ATR/QM status as well
|
XXX - Authorization to close line of credit provided.
|
XXX - Exception satisfied.
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
1E562208-51FA-4988-AB0A-F16ECAC7E079
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
NY
|
ATR/QM: Not Provided
|
QM: GSE Temporary - QM/SH
|
D
|
B
|
D
|
B
|
Compliance
|
Federal Consumer Protection
|
Active
|
C
|
B
|
C
|
B
|
CMPFDCP316
|
TILA - Stated Loan Term not equal to the TIL Payment term
|
No
|
TIL not captured, Application date XXX with XXX compliance docs, TIL screen did not open unable to test.
|
(No Data)
|
Applicable Statute of Limitation has expired. Final grade B, non-material.
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
1E562208-51FA-4988-AB0A-F16ECAC7E079
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
NY
|
ATR/QM: Not Provided
|
QM: GSE Temporary - QM/SH
|
D
|
B
|
D
|
B
|
Compliance
|
TILA/RESPA Integrated Disclosure
|
Active
|
D
|
B
|
D
|
B
|
CMPTRID3466
|
TRID - GFE, TIL and HUD used on loan subject to the Integrated Disclosure rules
|
No
|
Application date of XXX with XXX compliance docs, GFE and TIL screen did not open. unable to test
|
(No Data)
|
Applicable Statute of Limitation has expired. Final grade B, non-material.
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
692C68E6-E56C-4A88-A458-C840CCA049B0
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
LA
|
(No Data)
|
ATR/QM: Not Applicable
|
A
|
A
|
A
|
A
|
Complete
|
||||||||||||||||||
|
A96ECD8D-4205-4492-B354-43759CF5980E
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
LA
|
(No Data)
|
ATR/QM: Not Applicable
|
A
|
A
|
A
|
A
|
Complete
|
||||||||||||||||||
|
A12E3412-64B8-45C3-AE8C-9DD30EC5CC9D
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
CT
|
(No Data)
|
ATR/QM: Not Applicable
|
C
|
B
|
C
|
B
|
Compliance
|
Federal Consumer Protection
|
Active
|
B
|
B
|
B
|
B
|
CMPFDCP300
|
HMDA Rate Spread greater than threshold
|
No
|
The test APR is XXX%, the benchmark APR is XXX% resulting in a difference of XXX%. This exceeds the HMDA rate spread trigger of 3.000%.
|
(No Data)
|
(No Data)
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
A12E3412-64B8-45C3-AE8C-9DD30EC5CC9D
|
XXXXXX
|
XXXXXX
|
XXXXXX
|
1
|
CT
|
(No Data)
|
ATR/QM: Not Applicable
|
C
|
B
|
C
|
B
|
Compliance
|
Finance Charge Tolerance
|
Active
|
C
|
B
|
C
|
B
|
CMPFINT106
|
Finance charge understated by more than $100 (Pmt Stream)
|
No
|
Finance charges understated $XXX. Missing lender's itemization of amount financed, unable to reconcile with documentation provided.
|
(No Data)
|
Applicable Statute of Limitation has expired. Final grade B, non-material.
|
(No Data)
|
Not Applicable
|
Complete
|
|||
|
Client Name:
|
FirstKey
|
||||||
|
Client Project Name:
|
TPMT 2025-1
|
||||||
|
Start - End Dates:
|
5/XX/2016 - 11/XX/2019
|
||||||
|
Deal Loan Count:
|
8
|
||||||
|
Report Run Date:
|
6/3/2025 5:29 PM
|
||||||
|
Conditions Report 2.0
|
|||||||
|
Loans in Report:
|
8
|
||||||
|
Loans with Conditions:
|
5
|
|
Redacted Loan ID
|
Loan Number
|
LoanUID
|
Group
|
Sample group
|
TRID Indicator
|
Lender Application Date
|
Broker Application Date
|
Initial Securitization Loan Compliance Grade
|
Final Securitization Loan Compliance Grade
|
Initial S&P Loan Compliance Grade
|
Final S&P Loan Compliance Grade
|
|||
|
1E562208-51FA-4988-AB0A-F16ECAC7E079
|
XXXXXX
|
XXXXXX
|
1
|
TPMT 2025-1
|
Pre-TRID
|
XXXXXX
|
XXXXXX
|
D
|
B
|
D
|
B
|
|||
|
692C68E6-E56C-4A88-A458-C840CCA049B0
|
XXXXXX
|
XXXXXX
|
1
|
TPMT 2025-1
|
Pre-TRID
|
XXXXXX
|
XXXXXX
|
A
|
A
|
A
|
A
|
|||
|
738ACF13-277B-4880-8AA8-6180FAA1DFF5
|
XXXXXX
|
XXXXXX
|
1
|
TPMT 2025-1
|
Pre-TRID
|
XXXXXX
|
XXXXXX
|
A
|
A
|
A
|
A
|
|||
|
A12E3412-64B8-45C3-AE8C-9DD30EC5CC9D
|
XXXXXX
|
XXXXXX
|
1
|
TPMT 2025-1
|
Pre-TRID
|
XXXXXX
|
XXXXXX
|
C
|
B
|
C
|
B
|
|||
|
A3B7947E-5DCD-417C-8968-A0B8F4D3F5BF
|
XXXXXX
|
XXXXXX
|
1
|
TPMT 2025-1
|
Pre-TRID
|
XXXXXX
|
XXXXXX
|
D
|
D
|
D
|
D
|
|||
|
A96ECD8D-4205-4492-B354-43759CF5980E
|
XXXXXX
|
XXXXXX
|
1
|
TPMT 2025-1
|
Pre-TRID
|
XXXXXX
|
XXXXXX
|
A
|
A
|
A
|
A
|
|||
|
C52BD31F-79FE-4BD8-BE25-02171398F808
|
XXXXXX
|
XXXXXX
|
1
|
TPMT 2025-1
|
Yes
|
XXXXXX
|
XXXXXX
|
B
|
B
|
B
|
B
|
|||
|
D6C080D6-CFF5-41B9-A19B-89D41BCFCE9C
|
XXXXXX
|
XXXXXX
|
1
|
TPMT 2025-1
|
Yes
|
XXXXXX
|
XXXXXX
|
B
|
B
|
B
|
B
|
|||
|
Client Name:
|
FirstKey
|
|||||
|
Client Project Name:
|
TPMT 2025-1
|
|||||
|
Start - End Dates:
|
5/XX/2016 - 11/XX/2019
|
|||||
|
Deal Loan Count:
|
8
|
|||||
|
Report Run Date:
|
6/3/2025 5:29 PM
|
|||||
|
Conditions Report 2.0
|
||||||
|
Loans in Report:
|
8
|
|||||
|
Loans with Conditions:
|
5
|
|||||
|
Redacted Loan ID
|
Loan Number
|
LoanUID
|
Group
|
TRID Indicator
|
Initial Securitization Loan Compliance Grade
|
Final Securitization Loan Compliance Grade
|
Initial S&P Loan Compliance Grade
|
Final S&P Loan Compliance Grade
|
HUD 1 Status
|
UAL State
|
Subject To Predatory Testing?
|
||
|
1E562208-51FA-4988-AB0A-F16ECAC7E079
|
XXXXXX
|
XXXXXX
|
1
|
Pre-TRID
|
D
|
B
|
D
|
B
|
Present
|
No
|
NA
|
||
|
692C68E6-E56C-4A88-A458-C840CCA049B0
|
XXXXXX
|
XXXXXX
|
1
|
Pre-TRID
|
A
|
A
|
A
|
A
|
Present
|
No
|
NA
|
||
|
738ACF13-277B-4880-8AA8-6180FAA1DFF5
|
XXXXXX
|
XXXXXX
|
1
|
Pre-TRID
|
A
|
A
|
A
|
A
|
Present
|
No
|
NA
|
||
|
A12E3412-64B8-45C3-AE8C-9DD30EC5CC9D
|
XXXXXX
|
XXXXXX
|
1
|
Pre-TRID
|
C
|
B
|
C
|
B
|
Present
|
No
|
NA
|
||
|
A3B7947E-5DCD-417C-8968-A0B8F4D3F5BF
|
XXXXXX
|
XXXXXX
|
1
|
Pre-TRID
|
D
|
D
|
D
|
D
|
Missing
|
No
|
Yes
|
||
|
A96ECD8D-4205-4492-B354-43759CF5980E
|
XXXXXX
|
XXXXXX
|
1
|
Pre-TRID
|
A
|
A
|
A
|
A
|
Present
|
No
|
NA
|
||
|
C52BD31F-79FE-4BD8-BE25-02171398F808
|
XXXXXX
|
XXXXXX
|
1
|
Yes
|
B
|
B
|
B
|
B
|
(No Data)
|
No
|
NA
|
||
|
D6C080D6-CFF5-41B9-A19B-89D41BCFCE9C
|
XXXXXX
|
XXXXXX
|
1
|
Yes
|
B
|
B
|
B
|
B
|
(No Data)
|
No
|
NA
|
||