|
# of Units
|
Coborrower Last Name
|
Investor: Qualifying Total Debt Ratio
|
Original Interest Rate
|
Purpose
|
|
Amortization Term
|
Coborrower Self-Employed?
|
LTV Valuation Value
|
Original Loan Amount
|
Refi Purpose
|
|
Amortization Type
|
Disbursement Date
|
Margin
|
Original LTV
|
Representative FICO
|
|
Borrower First Name
|
First Payment Date
|
Maturity Date
|
Original P&I
|
State
|
|
Borrower Last Name
|
Interest Only
|
MERS Min Number
|
Original Term
|
Street
|
|
Borrower Self-Employed?
|
Interest Rate Initial Cap
|
Note Date
|
Originator Application Date
|
Zip
|
|
City
|
Interest Rate Life Cap
|
Occupancy
|
Originator Loan Designation
|
|
|
Coborrower First Name
|
Investor: Qualifying Housing Ratio
|
Original CLTV
|
Property Type
|
|
| a) |
High Cost testing in Chicago Illinois and Cook County Illinois;
|
| b) |
Higher Priced testing in Minnesota;
|
| c) |
Other applicable state testing in Maryland, Minnesota, New Jersey, West Virginia, Wyoming, and Vermont, Virginia and
|
| d) |
State specific prepayment penalty and late charge testing applicable to non-owner occupied loans.
|
| a) |
Rescission (§1026.23, §1026.15):
|
| i) |
failure to provide the right of rescission notice;
|
| ii) |
failure to provide the right of rescission notice in a timely manner and to the correct consumer(s);
|
| iii) |
errors in the right of rescission notice;
|
| iv) |
failure to provide the correct form of right of rescission notice;
|
| v) |
failure to provide the three (3) business day rescission period;
|
| vi) |
any material disclosure violation on a rescindable mortgage loan that gives rise to the right of rescission under TILA, which means the required disclosures of the annual percentage rate, the finance charge, the
amount financed, the total of payments, the payment schedule, the HOEPA disclosures, or those related to prepayment penalties on covered transactions; and
|
| vii) |
with respect to applicable exception remediation measures, confirm that a letter of explanation, a refund if applicable, new corrected material disclosures and a new notice of right to cancel was provided.
|
| b) |
TIL Disclosure (§§1026.17, 18 and 19) as
applicable for loans with application dates prior to October 3, 2015:
|
| i) |
review and comparison of the initial and final TIL disclosures, and any re-disclosed TIL(s);
|
| ii) |
proper execution by all required parties;
|
| iii) |
principal and interest calculations, and proper completion of the interest rate and payment summary; and
|
| iv) |
timing of initial and re-disclosed TIL(s).
|
| c) |
Home Equity Plans Disclosures (§§1026.6, 40) as
applicable
|
| i) |
failure to provide the applicable home equity initial and account opening disclosures
|
| ii) |
failure to provide the applicable home equity initial and account opening disclosures in a timely manner
|
| d) |
Tolerances (§§1026.18, 22 23, and 38):
|
| i) |
inaccurate Annual Percentage Rate (APR) outside of applicable tolerance by comparing disclosed APR to re-calculated APR; and
|
| ii) |
inaccurate Finance Charge outside of applicable tolerance by comparing disclosed Finance Charge to re-calculated Finance Charge.
|
| iii) |
inaccurate Total of Payments outside of applicable tolerance by comparing disclosed Total of Payments to re-calculated Total of Payments.
|
| e) |
High-cost Mortgage (§§1026.31, 32 and 34):
|
| i) |
points and fees threshold test;
|
| ii) |
APR threshold test;
|
| iii) |
prepayment penalty threshold test; and
|
| iv) |
compliance with the disclosure requirements, limitation on terms and prohibited acts or practices in connection with a high-cost mortgage.
|
| f) |
Higher-priced Mortgage Loan (§1026.35):
|
| i) |
APR threshold test; and
|
| ii) |
compliance with the escrow account and appraisal requirements as applicable.
|
| g) |
With respect to brokered mortgage loans, the Prohibitions and Restrictions related to Loan Originator Compensation and Steering (§1026.36):
|
| i) |
review relevant documentation to determine if compensation to a Loan Originator was based on a term of the transaction;
|
| ii) |
review relevant document to determine if there was dual compensation; and
|
| iii) |
review the presence of the mortgage loan option disclosure and to determine if the Steering Safe Harbor provisions were satisfied.
|
| (1) |
Note: Where available, AMC reviewed the relevant documents in the mortgage loan file and, as necessary, attempted to obtain the mortgage loan originator compensation agreement and/or governing policies and
procedures of the mortgage loan originator. In the absence of the mortgage loan originator compensation agreement and/or governing policies and procedures, AMC’s review was limited to formal general statements of entity compliance provided by
the mortgage loan originator, if any. These statements, for example, were in the form of a letter signed by the seller correspondent/mortgage loan originator or representations in the mortgage loan purchase agreement between the Client and
seller correspondent;
|
| h) |
Homeownership counseling (§1026.36):
|
| i) |
determine if the creditor obtained proof of homeownership counseling in connection with a mortgage loan to a first time homebuyer that contains a negative amortization feature.
|
| i) |
Mandatory Arbitration Clauses (§1026.36):
|
| i) |
determine if the terms of the mortgage loan require arbitration or any other non-judicial procedure to resolve any controversy or settle any claims arising out of the transaction.
|
| j) |
Prohibition on Financing Credit Insurance (§1026.36):
|
| i) |
determine if the creditor financed, directly or indirectly, any premiums or fees for credit insurance.
|
| k) |
Nationwide Mortgage Licensing System (NMLS) & Registry ID on Loan Documents (§1026.36):
|
| i) |
review for presence of mortgage loan originator organization and individual mortgage loan originator name and NMLSR ID, as applicable, on the credit application, note or mortgage loan contract, security instrument,
Loan Estimate and Closing Disclosure; and
|
| ii) |
verify the data against the NMLSR database, as available.
|
| a) |
Good Faith Estimate (GFE) (§1024.7) as applicable
for loans with application dates prior to October 3, 2015:
|
| i) |
confirm the presence of the current GFE form in effect at the time of origination;
|
| ii) |
verify GFE was provided to the borrower(s) within three (3) business days of application;
|
| iii) |
verify all sections of the GFE were accurately completed and that information was reflected in the appropriate locations;
|
| iv) |
determine whether a valid and properly documented changed circumstance accompanies any changes to mortgage loan terms and/or fees on any revised GFEs over the applicable tolerance(s); and
|
| v) |
confirm the presence of a settlement service provider list, as applicable.
|
| b) |
Final HUD-1/A Settlement Statement (HUD) (§1024.8) as
applicable for loans with application dates prior to October 3, 2015:
|
| i) |
confirm current applicable HUD form was provided;
|
| ii) |
determination that the mortgage loan file contains the final HUD;
|
| iii) |
escrow deposit on the final HUD matches the initial escrow statement amount; and
|
| iv) |
verify all sections of the final HUD were accurately completed and that information was reflected in the appropriate locations.
|
| c) |
GFE and Final HUD Comparison (§1024.7) as
applicable for loans with application dates prior to October 3, 2015:
|
| i) |
review changes disclosed on the last GFE provided to the borrower(s) to determine that such changes were within the allowed tolerances;
|
| ii) |
confirm mortgage loan terms and fees disclosed on the third page of the final HUD accurately reflect how such items were disclosed on the referenced GFE, page 2 of the final HUD and mortgage loan documents; and
|
| iii) |
review any documented cure of a tolerance violation to determine that the proper reimbursement was made and a revised HUD was provided at or within 30 days of settlement.
|
| d) |
Additional RESPA/Regulation X Disclosures and Requirements (§1024.6, 15, 17, 20, and 33):
|
| i) |
confirm the presence of the Servicing Disclosure Statement form in the mortgage loan file;
|
| ii) |
verify the Servicing Disclosure Statement was provided to the borrower(s) within three (3) business days of application;
|
| iii) |
confirm the presence of the Special Information Booklet in the mortgage loan file or that the mortgage loan file contains documentary evidence that the disclosure was provided to the borrower;
|
| iv) |
confirm the Special Information Booklet was provided within three (3) business days of application;
|
| v) |
confirm the presence of the Affiliated Business Arrangement Disclosure in the mortgage loan file in the event the lender has affiliated business arrangements;
|
| vi) |
confirm the Affiliated Business Arrangement Disclosure was provided no later than three (3) business days of application;
|
| vii) |
confirm the Affiliated Business Arrangement Disclosure is executed; and
|
| viii) |
confirm the presence of the Initial Escrow Disclosure Statement in the mortgage loan file and proper timing;
|
| ix) |
confirm that the creditor provided the borrower a list of homeownership counselling organizations within three (3) business days of application; and
|
| x) |
confirm that the list of homeownership counselling organizations was obtained no earlier than 30 days prior to when the list was provided to the mortgage loan applicant.
|
| a) |
Loan Estimate (LE) (§§1026.19 and 37):
|
| i) |
confirm the presence of LE for applications on or after October 3, 2015;
|
| ii) |
confirm the initial LE date indicates it was delivered or placed in the mail within three (3) business days of application;
|
| iii) |
confirm that certain sections of each LE determined to carry assignee liability under the SFA Compliance Review Scope were accurately completed and that information was reflected in the appropriate locations, which,
in certain instances, was based solely on the information disclosed on the LE;
|
| iv) |
confirm the initial LE was delivered or placed in the mail not later than seven (7) business days prior to consummation of the transaction, or such period was waived due to a bona fide financial emergency;
|
| v) |
confirm that each revised LE is accompanied by valid written documentation explaining the reason for re-disclosure to allow for fee increases based on a valid change of circumstance and was timely provided within 3
business days of issuance;
|
| vi) |
capture whether a settlement service provider list (“SSPL”) was provided (in instances when a consumer is given an opportunity to shop for services). Failure to provide SSPL is not cited separately under SFA
compliance review scope, however, absence of SSPL from loan file is treated as not provided and impacts fee tolerance categories as prescribed by regulation.
|
| vii) |
confirm borrower received LE not later than four (4) business days prior to consummation; and
|
| viii) |
confirm LE was not provided to the borrower on or after the date of the CD.
|
| b) |
Closing Disclosure (CD) (§§1026.19 and 38):
|
| i) |
confirm the presence of CD for applications on or after October 3, 2015;
|
| ii) |
confirm the borrower received CD at least three (3) business days prior to consummation, or that such period was waived due to a bona fide financial emergency;
|
| iii) |
confirm that certain sections of each CD determined to carry assignee liability under the SFA Compliance Review Scope were accurately completed and that information was reflected in the appropriate locations, which,
in certain instances, was based solely on the information disclosed on the CD;
|
| iv) |
confirm that a revised CD was received in a timely manner if the initial or any revised CD became inaccurate;
|
| v) |
identify tolerance violations based on the charges disclosed on the initial and interim LE’s, initial CD, and reflected on the final CD;
|
| vi) |
with respect to tolerance violations based on the disclosed charges on the LE and CD, confirm that the creditor cured the violations no later than 60 days after consummation, or within 60 days of discovery; and
|
| vii) |
with respect to applicable exception remediation measures for numerical exceptions, confirm that a letter of explanation, as well as a refund as applicable, was delivered or placed in the mail no later than 60 days
after discovery of the exception establishing the need for a revised CD or with respect to exception remediation measures for non-numerical exceptions, that a corrected CD was delivered or placed in the mail no later than 60 days after
consummation. (In an attempt to establish a best practices approach to pre-securitization due diligence, as it applies to TILA RESPA Integrated Disclosure testing, the Structured Finance Association (“SFA”) has a working group that consists
of industry participants including third party review providers and law firms who agreed to a standardized approach to remediation considerations. This approach is intended to be based on a reasoned legal analysis that expressly assumes that
courts will interpret TRID in accordance with the principals of liability set forth in the letter to the MBA from Richard Cordray, the Director of the CFPB. No assurances can be provided that the courts in question will interpret TRID in
accordance with the SFA Compliance Review Scope.)
|
| c) |
Your Home Loan Toolkit (§1026.19):
|
| i) |
confirm the presence of Your Home Loan Toolkit in the mortgage loan file or that the mortgage loan file contains documentary evidence that the disclosure was provided to the borrower; and
|
| ii) |
confirm Your Home Loan Toolkit was delivered or placed in the mail not later than three (3) business days after receipt of application.
|
| a) |
The general Ability to Repay (ATR) underwriting standards (12 C.F.R. 1026.43(c));
|
| b) |
Refinancing of non-standard mortgages (12 C.F.R. 1026.43(d));
|
| c) |
Qualified Mortgages (QM) (12 C.F.R. 1026.43(e) (including qualified mortgages as separately defined by the Department of Housing and Urban Development (24 C.F.R. 201 and 203 et seq.), and the Department of Veterans
Affairs (38 C.F.R. Part 36 et seq.); and
|
| d) |
Balloon-payment qualified mortgages made by certain creditors (12 C.F.R. 1026.43(f)).
|
| 1.) |
for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), prior to 3/1/2021, at the time of consummation, if the debt-to-income ratio exceeds 43% (calculated in accordance with Appendix Q to
Regulation Z). This portion of the Review includes a recalculation of all income and liabilities with attention to the appropriate documentation of each source,
|
| 2.) |
for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), on or after 3/1/2021, but before 10/1/2022, submitted with a loan designation of Safe Harbor QM, Higher Priced QM, Safe Harbor QM
(43-Q), or Higher Priced QM (43-Q), whether at the time of consummation, the debt-to-income ratio exceeds 43% (calculated in accordance with Appendix Q to Regulation Z). This portion of the Review includes a recalculation of all income and
liabilities with attention to the appropriate documentation of each source, or
|
| 3.) |
for loans with an application date, defined in accordance with § 1026.2(a)(3)(ii), taken on or after 3/1/2021, submitted with a loan designation of Safe Harbor QM (APOR), or Higher Priced QM (APOR), “Revised QM”,
|
|
whether the APR exceeds the average prime offer rate by 2.25 or more percentage points, (additional thresholds applicable for lower loan balances, subordinate lien covered transactions and certain manufactured homes
loan amounts), and whether the loan does not meet the credit guidelines without a documented exception and compensating factors.
|
| a) |
Providing Appraisals and Other Valuations (12 C.F.R. 1002.14):
|
| i) |
timing and content of the right to receive copy of appraisal disclosure;
|
| ii) |
charging of a fee for a copy of the appraisal or other written valuation;
|
| iii) |
timing of creditor providing a copy of each appraisal or other written valuation; and
|
| iv) |
with respect to a borrower that has waived the three (3) business day disclosure requirement, confirm that (a) the borrower has signed the waiver or other acknowledgment at least three (3) business days prior to
consummation; and (b) that the lender has provided copies of appraisals and other written valuations at or prior to consummation.
|
| ◾ |
Initial application (1003);
|
| ◾ |
Underwriting summary / loan approval (1008);
|
| ◾ |
Credit report;
|
| ◾ |
Income and employment documentation;
|
| ◾ |
4506T;
|
| ◾ |
Asset documentation;
|
| ◾ |
Sales contract;
|
| ◾ |
Hazard and/or flood insurance policies;
|
| ◾ |
Copy of note for any junior liens;
|
| ◾ |
Appraisal;
|
| ◾ |
Title/Preliminary Title;
|
| ◾ |
Final 1003;
|
| ◾ |
Changed circumstance documentation;
|
| ◾ |
Right of Rescission Disclosure;
|
| ◾ |
Mortgage/Deed of Trust;
|
| ◾ |
Note;
|
| ◾ |
Mortgage Insurance;
|
| ◾ |
Tangible Net Benefit Disclosure;
|
| ◾ |
Subordination Agreement;
|
| ◾ |
FACTA disclosures;
|
| ◾ |
Notice of Special Flood Hazards;
|
| ◾ |
Initial and final GFE’s;
|
| ◾ |
HUD from sale of previous residence;
|
| ◾ |
Final HUD-1;
|
| ◾ |
Initial TIL;
|
| ◾ |
Final TIL;
|
| ◾ |
Loan Estimates;
|
| ◾ |
Closing Disclosures; and
|
| ◾ |
Certain other disclosures related to the enumerated tests set forth herein.
|
|
NRSRO Grade (S&P)
|
# of Loans
|
Percentage of Loans
|
|
A
|
237
|
38.10%
|
|
B
|
378
|
60.77%
|
|
C
|
6
|
0.96%
|
|
D
|
1
|
0.16%
|
|
NRSRO Grade (S&P)
|
# of Loans
|
Percentage of Loans
|
|
A
|
387
|
62.22%
|
|
B
|
231
|
37.14%
|
|
C
|
4
|
0.64%
|
|
D
|
0
|
0.00%
|
|
NRSRO Grade (S&P)
|
# of Loans
|
Percentage of Loans
|
|
A
|
295
|
54.63%
|
|
B
|
244
|
45.19%
|
|
C
|
0
|
0.00%
|
|
D
|
1
|
0.19%
|
|
NRSRO Grade (S&P)
|
# of Loans
|
Percentage of Loans
|
|
A
|
614
|
98.71%
|
|
B
|
5
|
0.80%
|
|
C
|
3
|
0.48%
|
|
D
|
0
|
0.00%
|
|
Exception Type
|
Final Exception Rating
|
Exception Category
|
Total
|
|
Compliance
|
D
|
Missing, Incorrect, or Incomplete HUD-1
|
1
|
|
Total Compliance Grade (D) Exceptions:
|
1
|
||
|
B
|
TRID
|
196
|
|
|
TRID Defect
|
170
|
||
|
ECOA
|
36
|
||
|
ATR/QM Defect
|
13
|
||
|
FACTA
|
10
|
||
|
Federal HPML
|
10
|
||
|
Missing Disclosure
|
10
|
||
|
RESPA
|
9
|
||
|
GSE
|
8
|
||
|
Missing Non-Required Data
|
8
|
||
|
State Late Charge
|
8
|
||
|
TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form
|
7
|
||
|
Misc. State Level
|
7
|
||
|
ATR/QM
|
6
|
||
|
Compliance
|
3
|
||
|
State HPML
|
3
|
||
|
TILA
|
1
|
||
|
State Defect
|
1
|
||
|
Missing, Incorrect, or Incomplete Final or Initial 1003
|
1
|
||
|
Flood
|
1
|
||
|
Total Compliance Grade (B) Exceptions:
|
508
|
||
|
Total Compliance Exceptions:
|
509
|
||
|
Credit
|
C
|
Compliance
|
4
|
|
Total Credit Grade (C) Exceptions:
|
4
|
||
|
B
|
Guideline
|
170
|
|
|
Income / Employment
|
42
|
||
|
Credit
|
40
|
||
|
Loan Package Documentation
|
24
|
||
|
Asset
|
15
|
||
|
Borrower and Mortgage Eligibility
|
12
|
||
|
Insurance
|
8
|
||
|
Missing Document
|
4
|
||
|
Property - Appraisal
|
3
|
||
|
Data Verification
|
2
|
||
|
1003
|
1
|
||
|
Employment
|
1
|
||
|
Total Credit Grade (B) Exceptions:
|
322
|
||
|
Total Credit Exceptions:
|
326
|
||
|
Property
|
C
|
Property - Appraisal
|
3
|
|
Total Property Grade (C) Exceptions:
|
3
|
||
|
B
|
Property - Appraisal
|
3
|
|
|
Value Reconciliation
|
2
|
||
|
Total Property Grade (B) Exceptions:
|
5
|
||
|
Total Property Exceptions:
|
8
|
||
|
Grand Total:
|
843
|
||
|
Field Label
|
Loans With Discrepancy
|
Total Times Compared
|
% Variance
|
# Of Loans
|
|
# of Units
|
0
|
14
|
0.00%
|
622
|
|
Amortization Term
|
0
|
1
|
0.00%
|
622
|
|
Amortization Type
|
0
|
14
|
0.00%
|
622
|
|
Borrower First Name
|
0
|
22
|
0.00%
|
622
|
|
Borrower Last Name
|
0
|
620
|
0.00%
|
622
|
|
Borrower Self-Employed?
|
0
|
20
|
0.00%
|
622
|
|
City
|
3
|
610
|
0.49%
|
622
|
|
Coborrower First Name
|
0
|
2
|
0.00%
|
622
|
|
Coborrower Last Name
|
0
|
2
|
0.00%
|
622
|
|
Coborrower Self-Employed?
|
0
|
2
|
0.00%
|
622
|
|
Disbursement Date
|
2
|
54
|
3.70%
|
622
|
|
First Payment Date
|
0
|
10
|
0.00%
|
622
|
|
Interest Only
|
0
|
1
|
0.00%
|
622
|
|
Interest Rate Initial Cap
|
0
|
3
|
0.00%
|
622
|
|
Interest Rate Life Cap
|
0
|
3
|
0.00%
|
622
|
|
Investor: Qualifying Housing Ratio
|
8
|
71
|
11.27%
|
622
|
|
Investor: Qualifying Total Debt Ratio
|
112
|
517
|
21.66%
|
622
|
|
LTV Valuation Value
|
0
|
11
|
0.00%
|
622
|
|
Margin
|
1
|
105
|
0.95%
|
622
|
|
Maturity Date
|
0
|
9
|
0.00%
|
622
|
|
MERS Min Number
|
0
|
98
|
0.00%
|
622
|
|
Note Date
|
6
|
592
|
1.01%
|
622
|
|
Occupancy
|
0
|
615
|
0.00%
|
622
|
|
Original CLTV
|
6
|
612
|
0.98%
|
622
|
|
Original Interest Rate
|
0
|
421
|
0.00%
|
622
|
|
Original Loan Amount
|
1
|
621
|
0.16%
|
622
|
|
Original LTV
|
6
|
614
|
0.98%
|
622
|
|
Original P&I
|
0
|
432
|
0.00%
|
622
|
|
Original Term
|
0
|
121
|
0.00%
|
622
|
|
Originator Application Date
|
3
|
37
|
8.11%
|
622
|
|
Originator Loan Designation
|
51
|
517
|
9.86%
|
622
|
|
Property Type
|
14
|
612
|
2.29%
|
622
|
|
Purpose
|
1
|
610
|
0.16%
|
622
|
|
Refi Purpose
|
4
|
218
|
1.83%
|
622
|
|
Representative FICO
|
49
|
607
|
8.07%
|
622
|
|
State
|
0
|
615
|
0.00%
|
622
|
|
Street
|
0
|
22
|
0.00%
|
622
|
|
Zip
|
0
|
600
|
0.00%
|
622
|
|
Total
|
267
|
10,055
|
2.66%
|
622
|
|
Amortization Type
|
Loan Count
|
% of Loans
|
Original Balance
|
% of Balance
|
|
Fixed
|
334
|
53.78%
|
$110,228,323.00
|
54.81%
|
|
Adjustable
|
287
|
46.22%
|
$90,868,544.00
|
45.19%
|
|
Total
|
621
|
100.00%
|
$201,096,867.00
|
100.00%
|
|
Lien Position
|
Loan Count
|
% of Loans
|
Original Balance
|
% of Balance
|
|
1
|
598
|
96.30%
|
$199,803,798.00
|
99.36%
|
|
2
|
23
|
3.70%
|
$1,293,069.00
|
0.64%
|
|
Total
|
621
|
100.00%
|
$201,096,867.00
|
100.00%
|
|
Loan Purpose
|
Loan Count
|
% of Loans
|
Original Balance
|
% of Balance
|
|
Cash Out: Debt Consolidation
|
34
|
5.48%
|
$9,335,800.00
|
4.64%
|
|
Cash Out: Home Improvement/Renovation
|
12
|
1.93%
|
$3,016,400.00
|
1.50%
|
|
Cash Out: Other/Multi-purpose/Unknown Purpose
|
151
|
24.32%
|
$39,688,725.00
|
19.74%
|
|
Limited Cash-Out
|
2
|
0.32%
|
$957,000.00
|
0.48%
|
|
First Time Home Purchase
|
108
|
17.39%
|
$34,242,368.00
|
17.03%
|
|
Other-than-first-time Home Purchase
|
272
|
43.80%
|
$95,436,484.00
|
47.46%
|
|
Rate/Term Refinance - Borrower Initiated
|
42
|
6.76%
|
$18,420,090.00
|
9.16%
|
|
Total
|
621
|
100.00%
|
$201,096,867.00
|
100.00%
|
|
Original Term
|
Loan Count
|
% of Loans
|
Original Balance
|
% of Balance
|
|
121-180 Months
|
4
|
0.64%
|
$114,000.00
|
0.06%
|
|
181-240 Months
|
15
|
2.42%
|
$924,269.00
|
0.46%
|
|
241-360 Months
|
602
|
96.94%
|
$200,058,598.00
|
99.48%
|
|
Total
|
621
|
100.00%
|
$201,096,867.00
|
100.00%
|
|
Property Type
|
Loan Count
|
% of Loans
|
Original Balance
|
% of Balance
|
|
Single Family Detached
|
331
|
53.30%
|
$101,794,891.00
|
50.62%
|
|
Condo, Low Rise
|
48
|
7.73%
|
$9,864,225.00
|
4.91%
|
|
Condo, High Rise
|
15
|
2.42%
|
$7,474,300.00
|
3.72%
|
|
PUD
|
199
|
32.05%
|
$72,459,826.00
|
36.03%
|
|
Townhouse
|
1
|
0.16%
|
$76,500.00
|
0.04%
|
|
1 Family Attached
|
3
|
0.48%
|
$749,750.00
|
0.37%
|
|
2 Family
|
12
|
1.93%
|
$3,859,025.00
|
1.92%
|
|
3 Family
|
10
|
1.61%
|
$4,254,600.00
|
2.12%
|
|
4 Family
|
2
|
0.32%
|
$563,750.00
|
0.28%
|
|
Total
|
621
|
100.00%
|
$201,096,867.00
|
100.00%
|
|
Occupancy
|
Loan Count
|
% of Loans
|
Original Balance
|
% of Balance
|
|
Primary
|
455
|
73.27%
|
$162,425,637.00
|
80.77%
|
|
Investment
|
148
|
23.83%
|
$31,934,433.00
|
15.88%
|
|
Second Home
|
18
|
2.90%
|
$6,736,797.00
|
3.35%
|
|
Total
|
621
|
100.00%
|
$201,096,867.00
|
100.00%
|
|
TPR Loan Designation
|
Loan Count
|
% of Loans
|
Original Balance
|
% of Balance
|
|
Non QM
|
436
|
70.21%
|
$157,127,120.00
|
78.14%
|
|
N/A (investment property consumer mortgage)
|
87
|
14.01%
|
$14,008,203.00
|
6.97%
|
|
Higher Priced QM (43-Q)
|
14
|
2.25%
|
$557,200.00
|
0.28%
|
|
Safe Harbor QM (Q-43)
|
16
|
2.58%
|
$8,070,614.00
|
4.01%
|
|
ATR Risk
|
4
|
0.64%
|
$1,391,000.00
|
0.69%
|
|
Temporary SHQM (GSE/Agency Eligible)
|
3
|
0.48%
|
$2,016,500.00
|
1.00%
|
|
N/A
|
61
|
9.82%
|
$17,926,230.00
|
8.91%
|
|
Total
|
621
|
100.00%
|
$201,096,867.00
|
100.00%
|