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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