Exhibit 99.2 Schedule 1
Conditions Report 2.0
Loans in Report: 8
Loans with Conditions: 4
| Loan Number | Original Principal Balance | State | Initial Lender ATR/QM Status | Loan Level ATR/QM Status | Initial Securitization Overall Loan Grade | Final Securitization Overall Loan Grade | Initial Securitization Credit Loan Grade | Final Securitization Credit Loan Grade | Initial Securitization Property Valuations Loan Grade | Final Securitization Property Valuations Loan Grade | Initial Securitization Compliance Loan Grade | Final Securitization Compliance Loan Grade | Initial S&P Overall Loan Grade | Final S&P Overall Loan Grade | Initial S&P Credit Loan Grade | Final S&P Credit Loan Grade | Initial S&P Property Valuations Loan Grade | Final S&P Property Valuations 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 | Compensating Factors |
| 6354174 | XXXXXX | GA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 58.40% is below guideline requirements of 70%. | |||||||||||||||
| 6059995 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 65%; max allowed per guidelines is 75%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $76,085.00 or 19.70 months PITIA, guidelines required 0 months PITIA. | |||||||||||||||
| 6059996 | XXXXXX | SC | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER113 | Loan amount is below guideline minimum | No | Loan amount XXX is below guideline minimum of $100,000. Lender approval in file. | client acknowledged loan amount exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 747 exceeds guidelines 725. CFCFS1736: Significant time at current residence - Clayton Comments: B1 has rented primary residence for 8 years. |
| 6060001 | XXXXXX | UT | (No Data) | untant | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Title | Satisfied | D | A | D | A | CRDTIL796 | Missing Title | No | Missing Title report for review | 04/09/2024 lender provided title commitment | 04/09/2024 exception satisfied | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x75. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 710 exceeds in score requirement of 700. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at current residence for over 6 years. |
| 6060017 | XXXXXX | AZ | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 8 years at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 692 qualifying score. Min required per guidelines is 675. | |||||||||||||||
| 6060018 | XXXXXX | PA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30X70. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 774 exceeds min score requirement 750. | |||||||||||||||
| 6060028 | XXXXXX | MS | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER113 | Loan amount is below guideline minimum | No | Loan amount $XXX is below the minimum requirement of $100,000. Lender exception approval in file. | client acknowledged Loan Amount exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned primary residence for 12 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B1 has mortgage payment history 0x30 since XXX. |
| 6060037 | XXXXXX | OR | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP4625 | The orig file does not contain a third party fraud report | No | Missing third party fraud report. | 04/11/2024 lender provided XXX report | 04/11/2024 exception satisfied | Not Applicable | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided in current owner occupied residence for 18 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been self-employed with XXX for 11 years and 3 months. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been self-employed with XXX for 10 years and 5 months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $100,740.09 or 19.78 months PITI, guidelines required 0 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 45.10%, max per guidelines is 50%. |
| 6060037 | XXXXXX | OR | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2496 | Verbal verification of employment completed outside the stated requirements and/or after closing/funding | No | Missing verification of CPA and Business license to confirm borrowers' XXX. | 04/11/2024 lender provided CPA verification | 04/11/2024 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided in current owner occupied residence for 18 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been self-employed with XXX for 11 years and 3 months. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been self-employed with XXX for 10 years and 5 months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $100,740.09 or 19.78 months PITI, guidelines required 0 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 45.10%, max per guidelines is 50%. |