MFA 2025-NQM3 Trust ABS-15G

Exhibit 99.24

 

Client Name:      
Client Project Name: MFA 2025-NQM3    
Start - End Dates: 12/9/2021 - 5/23/2025    
Deal Loan Count: 270    
         
Waived Conditions Summary

 

Review Scope Category Code Description Count
Credit Terms/Guidelines CRDTER109 Cash Out Amount Exceeds Guidelines 1
Credit Terms/Guidelines CRDTER110 Loan amount exceeds guideline maximum 3
Credit Terms/Guidelines CRDTER3262 Property issues indicated 1
Credit Terms/Guidelines CRDTER4631 Loan parameters do not meet guidelines 2
Credit Terms/Guidelines CRDTER4643 Borrower does not meet guideline requirements 1
Credit Credit/Mtg History CRDCRMH104 Credit score below guidelines 2
Credit Credit/Mtg History CRDCRMH124 Collections, Liens, etc. not paid as required by guidelines 1
Credit Credit/Mtg History CRDCRMH193 Length of mortgage/rental history in file does not meet guideline requirement 4
Credit Credit/Mtg History CRDCRMH2662 Number of mortgaged properties exceeds guideline limit 6
Credit Credit/Mtg History CRDCRMH3000 # of Tradelines Does Not Meet Guideline Requirements 13
Credit DTI CRDDTI187 Debt Ratio > 50% 2
Credit LTV/CLTV CRDLTV3026 LTV Exceeds Guideline Requirement by at least 5%, but less than 10% 10
Credit LTV/CLTV CRDLTV3028 LTV Exceeds Guideline Requirement by 10% or more 2
Credit LTV/CLTV CRDLTV5736 LTV Exceeds Guideline Requirement by less than 5% 2
Credit Income/Employment CRDINC150 Income docs do not meet guidelines 1
Credit Income/Employment CRDINC2488 Verbal verification of employment missing 1
Credit Assets CRDAST3078 Insufficient # of months cash reserves for PITI per guideline requirements 5
Property Valuations FEMA PRVAFEMA858 Natural Disaster Area, no subsequent inspection  (Individual & Public) 4
Property Valuations Property PRVAPROP177 Property Issues Indicated 1
Property Valuations Property PRVAPROP2674 Property Issues Indicated 2 1
Property Valuations Appraisal PRVAAPPR151 Appraisal dated beyond acceptable date range per guidelines 1
Compliance Right of Rescission  CMPROR5360 ROR - Waiver used to fund loan prior to the end of the rescission period 1
Compliance State Consumer Protection CMPSTCP1151 SC Home Loans -Broker 'Amounts Earned' Disclosure not in file 2
Compliance Documentation CMPDOC5556 Note P&I doesn't equal Clayton's calculated P&I; payment schedule inaccuracy 1
Total       68

 

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