EXHIBIT 99.2
CLAYTON CONDITIONS REPORT
| Client Name: | PennyMac | |
| Client Project Name: | PNMAC - PMTLT 2026-J2 Sec_J16584 | |
| Conditions Report 2.0 | ||
| Loans in Report: | 50 | |
| Loans with Conditions: | 30 | |
| 2 - Total Active Conditions | ||||||
| 2 - Non-Material Conditions | ||||||
| 1 - Credit Review Scope | ||||||
| 1 - Category: Terms/Guidelines | ||||||
| 1 - Compliance Review Scope | ||||||
| 1 - Category: RESPA | ||||||
| 41 - Total Satisfied Conditions | ||||||
| 11 - Credit Review Scope | ||||||
| 1 - Category: Ability to Repay/Qualified Mortgage | ||||||
| 2 - Category: Assets | ||||||
| 1 - Category: Credit/Mtg History | ||||||
| 1 - Category: DTI | ||||||
| 5 - Category: Income/Employment | ||||||
| 1 - Category: Legal Documents | ||||||
| 8 - Property Valuations Review Scope | ||||||
| 7 - Category: Appraisal | ||||||
| 1 - Category: Property | ||||||
| 22 - Compliance Review Scope | ||||||
| 6 - Category: Ability to Repay/Qualified Mortgage | ||||||
| 16 - Category: TILA/RESPA Integrated Disclosure | ||||||
| 0 - Total Waived Conditions | ||||||
©2026 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: | PennyMac | |
| Client Project Name: | PNMAC - PMTLT 2026-J2 Sec_J16584 | |
| Conditions Report 2.0 | ||
| Loans in Report: | 50 | |
| Loans with Conditions: | 30 | |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender |
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 | |||||||||||||||||||||||||||||||||||||
| 1 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | A | A | A | A | CMPTRID5293 | TRID Not all required seller-paid fees were disclosed on the CD |
No | Seller fees listed on Seller CD but not Borrower final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A. |
(No Data) | (No Data) | Numeric | Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: b1 - 8 years in profession. CFCFS2860: Good credit history - Clayton Comments: No lates listed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 790 credit scores exceeds min FICO of 720 by 70 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is below 25%. | |||||||||||||||||||||||||||||||||||||
| 1 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents |
Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete |
No | The Final 1003, 1008 and DTI in AUS reflect an additional escrow of $2,012.50/month for the subject. Provide documentation to verify what this is. |
1/14/2026: Received verification for sanitation. |
1/14/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: b1 - 8 years in profession. CFCFS2860: Good credit history - Clayton Comments: No lates listed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 790 credit scores exceeds min FICO of 720 by 70 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is below 25%. | |||||||||||||||||||||||||||||||||||||
| 2 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | D | A | A | A | C | A | D | A | D | A | A | A | C | A | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | A | C | A | 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 | Zero Tolerance Fee of $838.10 due to Lender’s Title Insurance fee increase on LE XXX . Provide a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower with proof of delivery via tracking methodwithin 60 days of consummation. |
1.14.2026 - COC provided |
1.14.2026 - Exception satisfied |
(No Data) |
Not Applicable |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower 1 has over 12 years at current job. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have owned home for 7 years. | |||||||||||||||||||||||||||||||||||||
| 2 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | D | A | A | A | C | A | D | A | D | A | A | A | C | A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2354 | Asset Verification In File is Incomplete Per Requirements |
No | Missing XXXXXX 401k Second Quarter statement dated XXX - XXX, as the XXX - XXX statement is 122 days old as of Note date. |
10/28/2025: Received 4/1/2024-6/30/2024 401K statement. Need XXX-XXX statement.12/17/2025: Received 4/1/2024- 6/30/2024 401K statement. Need XXX-XXX statement.1/14/2026: Received XXX- XXX8 stmnt. |
10/28/2025: Exception remains.12/17/2025: Exception remains.1/14/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower 1 has over 12 years at current job. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have owned home for 7 years. | |||||||||||||||||||||||||||||||||||||
| 3 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Credit/Mtg History |
Satisfied | C | A | C | A | CRDCRMH2416 | Questionable factors on credit report |
No | B1 DOB is XXXXXX, B2 DOB is XXXXXX. The oldest Trade was opened XXXXXX XXXXXX and closed in 2015, under Individual belonging to B2. Verify the SS# for B2 is valid. |
1/14/2026: Received SS verification for both borrowers as valid. |
1/14/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: B1 has been employed in field 14 years, 1 month. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets of $175,366.55 or 12.89 months PITI exceeds the required PITI Reserves of $41,081.58. CFCFS5269: Minimal use of credit - Clayton Comments: Borrowers are using 5% of the available unsecured debt limit. | |||||||||||||||||||||||||||||||||||||
| 4 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations |
Property | Satisfied | C | A | C | A | PRVAPROP177 | Property Issues Indicated |
No | Appraisal shows tenant occupied and is verified by Sales Contract. The Final CD shows $8,320 Security Deposit and $8,320 last month’s rent credited to borrower indicating subject is an Investment Property. Provide proof the subject will be vacated for occupancy within 60 days of closing as a primary residence. |
1/14/2026: Received docs and verification, borrowers are occupying subject. |
1/14/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets: $118,101.04Required Reserves: $42,998.82. CFCFS1737: LTV below guideline requirements - Clayton Comments: 80.00% LTV below guideline requirements of 89.99% per program. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO of 751 is 51 points above program guideline minimum of 700. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 0x30 for 60+ months. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender |
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 | |||||||||||||||||||||||||||||||||||||
| 5 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | A | C | A | 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 | Zero Tolerance $3360.00. Discount points fee. Change of Circumstance, or Post Close CD, LOX and a copy of refund check to borrower. |
1.14.2026 - COC provided |
1.14.2026 Exception satisfied |
(No Data) | Not Applicable |
CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 18 years at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 FICO exceeds minimum 700. | |||||||||||||||||||||||||||||||||||||
| 6 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | B | C | B | CMPTRID3966 | TRID - CD: The Will Not Have an Escrow Account in the CD Loan Disclosures section is selected and both or neither of You declined it and/or Your lender does not offer one are selected |
No | None of the CD’s (dated XXX, XXX, and XXX) indicate whether the lack of Escrow was due to Borrower declining it or the Lender not offering it. |
1.14.2026 - Corrected CD provided |
1.14.2026 - Exception satisfied |
Non-Numeric | Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Excellent credit history with no late pay/derog line items. 805 Median Credit Score, Oldest Trade 2/1998. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 10.92yrs tenure with current self-employed business. CFCFS1737: LTV below guideline requirements - Clayton Comments: 60.91% LTV below maximum allowed guidelines 89.99%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 112 consecutive months mortgage payment history exceeds 24 month required guideline review. | |||||||||||||||||||||||||||||||||||||
| 7 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | B | C | B | CMPTRID4056 | TRID - CD: The Total Payment Amount on the Loan Calculation section of the Final Closing Disclosure is less than the Clayton Calculated Total Payment Amount |
No | Final CD XXX, Section: Loan Calculation, Field: Total of Payments, CD Value: $4,317,520.77, actual value: $4,317,660.79.difference of $140.02. $125 Notary fee and $15.02 Recording Service fee added on PCCD 9.23.2025.130(b) or (c) cure: refund money to borrower in the amount understated, client permission, LOX and redisclosedCD. |
1.14.2026 - Cure provided |
1.14.2026 - Exception satisfied |
Numeric | Not Applicable |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 5.167yrs tenure with current employer. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has 2.5yrs tenure with current employer. CFCFS1744: DTI below guideline requirement - Clayton Comments: 28.29% DTI below maximum allowed 45% DTI. | |||||||||||||||||||||||||||||||||||||
| 259 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 789 is 89 points above minimum program requirement of 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 23.33% is below the guideline maximum of 50%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 56.50%; guidelines allow 89.99%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $269263.88/34.76 PITIA which is greater than $23236.44 ($7745.48 x 3) reserves required. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 8 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | A | A | D | A | C | A | D | A | A | A | D | A | C | A | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | A | C | A | 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 | Recording fees increase of $11.75 above tolerance, increased with no valid COC. Provide proof of refund, revised ClosingDisclosure, COC explaining changes within 60 days of discovery with proof of delivery via shipping method thatincludes tracking information. |
1.14.2026 - COC provided |
1.14.2026 - Exception satisfied |
(No Data) | Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-Closing Assets: $1,799,685.49 - $21,396.00 LP findings requiredreserves - $27,612.30 3 months reserves per guidelines = $1,750,677.19/$26,834.74PITI on all properties owned = 65.24 additional months reserves on all properties. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been self-employed for 15 years 9 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 24.46% and guidelines allow the DTI to be 50%. | |||||||||||||||||||||||||||||||||||||
| 8 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | A | A | D | A | C | A | D | A | A | A | D | A | C | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | LCA Score is > 2.5. Clayton to order AVM. |
12/18/2025: Received AVM supporting value. |
12/18/2025: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-Closing Assets: $1,799,685.49 - $21,396.00 LP findings requiredreserves - $27,612.30 3 months reserves per guidelines = $1,750,677.19/$26,834.74PITI on all properties owned = 65.24 additional months reserves on all properties. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been self-employed for 15 years 9 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 24.46% and guidelines allow the DTI to be 50%. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender |
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 | |||||||||||||||||||||||||||||||||||||
| 9 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | D | A | D | A | CMPTRID5107 | TRID - Seller CD not in file; need in order to complete fee entry |
No | Missing Seller CD. |
1.14.2026 - Seller CD provided |
1.14.2026 - Exception satisfied |
Not Applicable |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: 23.1 years in same line of work/profession CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 816 FICO score. Min. required 700. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of $99,080.29 > min. requirement of $28,375.68 (3 mos. PITIA) | |||||||||||||||||||||||||||||||||||||
| 11 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: the borrowers have sufficient reserves to fully repay the loan. None are required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying score 807, minimum 700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | A | Compliance | Ability to Repay/ Qualified Mortgage |
Satisfied | D | A | D | A | CMPATRQM3220 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/ QM status. |
No | Missing proof of 200 day Moving Average of XXXXXX stock price to support RSU earnings of $13,031.00 used to qualify. Document located in file does not reflect the 200 day Moving Average price. |
1/14/2026: Received 200 day price for stock. |
1/14/2026: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1737: LTV below guideline requirements - Clayton Comments: Qualifying LTV 80.00% below program 89.99%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves $980,089.04 exceeds required reserves $37,451.82. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit sore 751 above program requirement 720. | |||||||||||||||||||||||||||||||||||||
| 12 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | A | Credit | Income/ Employment |
Satisfied | C | A | C | A | CRDINC888 | Income Amount is Unsupported by Documentation in File |
No | Missing proof of 200 day Moving Average of XXXXXX stock price to support RSU earnings of $13,031.00 used to qualify. Document located in file does not reflect the 200 day Moving Average price. |
1/14/2026: Received 200 day price for stock. |
1/14/2026: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1737: LTV below guideline requirements - Clayton Comments: Qualifying LTV 80.00% below program 89.99%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves $980,089.04 exceeds required reserves $37,451.82. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit sore 751 above program requirement 720. | |||||||||||||||||||||||||||||||||||||
| 13 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | B | C | B | CMPTRID3952 | TRID - CD: The CD Projected Payments section and the CD Loan Disclosures section are not consistent in regards to whether or not an escrow account will be established |
No | Provide PCCD with correction to Loan Disclosure- Escrow Account reflecting declined escrow account. |
1.19.2026 - PCCD with corrected loan disclosure section received. |
1.19.2026 - Exception satisfied |
Non-Numeric | Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $4,852,175.33 or 398.90 months PITI reserves. Required $36,516.60 or 3 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 80%. Max 89.99%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score 727. Minimum required 700. | |||||||||||||||||||||||||||||||||||||
| 13 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | B | C | B | CMPTRID5741 | TRID - CD: In the CD Escrow section, You will have an escrow account is indicated, but any of the Escrowed Property Costs or Escrow Payment = $0 or Null |
No | Provide PCCD with correction to Loan Disclosure- Escrow Account reflecting declined escrow account. |
1.19.2026 - PCCD with corrected loan disclosure section received. |
1.19.2026 - Exception satisfied |
Numeric | Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $4,852,175.33 or 398.90 months PITI reserves. Required $36,516.60 or 3 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 80%. Max 89.99%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score 727. Minimum required 700. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender |
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 | |||||||||||||||||||||||||||||||||||||
| 14 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2670 | Asset documentation is insufficient per guideline requirements |
No | Missing XXXXXX Trust Account #XXX statement in the amount of $400,000 has not been uploaded by the Lender. (File also has a 10/20/2025 Wire receipt to Title for $329,453.44 not sourced). |
1/14/2026: Received a letter from XXXXXX Trustee - verifying B1 was approved for a one time discretionary distribution of $400K for purchase of new home. |
1/14/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median Fico Score 776 > 76 points of minimum guideline requirements of 700. CFCFS1737: LTV below guideline requirements - Clayton Comments: 75% LTV for Subject Property is below guideline max LTV of 89.99% CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 37.97% is above the minimum program requirements of 45% | |||||||||||||||||||||||||||||||||||||
| 15 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | C | A | A | A | C | A | C | A | C | A | A | A | C | A | Compliance | Ability to Repay/ Qualified Mortgage |
Satisfied | C | A | C | A | CMPATRQM2900 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; Clayton’s status determination places loan in a riskier status than the Lender’s status determination. |
No | Clayton status of ATR Risk: Non-QM - Lender did not document all ATR UW factors resulting from Loan DTI of 50.71% (due to total obligations of $15,491.56 and total income of $30,547.99.) is more than 3% above the approved DTI of 45.92% on DU #3. Variance due to student loan payments, lender used 0.5% of the loan balance instead of the FNMA required 1% fordeferred student loans. No documentation was provided in the loan file to document a lower payment amount. |
1/30/2026: Received LP #5 run XXX with 46% DTI. Updated student loan payments and Clayton verified 45.53% DTI. |
1/30/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: The co-borrower has been a XXX for 7 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $106,046.57 or 9.57 months PITI, required reserves are 3 months PITI or $33,250.74. | |||||||||||||||||||||||||||||||||||||
| 15 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | C | A | A | A | C | A | C | A | C | A | A | A | C | A | Compliance | Ability to Repay/ Qualified Mortgage |
Satisfied | C | A | C | A | CMPATRQM2904 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; is not a Qualified Mortgage. |
No | Clayton status of ATR Risk: Non-QM - Lender did not document all ATR UW factors resulting from Loan DTI of 50.71% (due to total obligations of $15,491.56 and total income of $30,547.99.) is more than 3% above the approved DTI of 45.92% on DU #3. Variance due to student loan payments, lender used 0.5% of the loan balance instead of the FNMA required 1% fordeferred student loans. No documentation was provided in the loan file to document a lower payment amount. |
1/30/2026: Received LP #5 run XXX with 46% DTI. Updated student loan payments and Clayton verified 45.53% DTI. |
1/30/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: The co-borrower has been a XXX for 7 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $106,046.57 or 9.57 months PITI, required reserves are 3 months PITI or $33,250.74. | |||||||||||||||||||||||||||||||||||||
| 15 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | C | A | A | A | C | A | C | A | C | A | A | A | C | A | Credit | DTI | Satisfied | C | A | C | A | CRDDTI187 | Debt Ratio > 50% |
No | Loan DTI of 50.71% (due to total obligations of $15,491.56 and total income of $30,547.99.) is more than 3% above the approved DTI of 45.92% on DU #3. Variance due to student loan payments, lender used 0.5% of the loan balance instead of the FNMA required1% for deferred student loans. No documentation was provided in the loan file to document a lower payment amount. |
1/30/2026: Received LP #5 run XXX with 46% DTI. Updated student loan payments and Clayton verified 45.53% DTI. |
1/30/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: The co-borrower has been a XXX for 7 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $106,046.57 or 9.57 months PITI, required reserves are 3 months PITI or $33,250.74. | |||||||||||||||||||||||||||||||||||||
| 260 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/ Guidelines |
Active | B | B | B | B | CRDTER2548 | Missing AUS or AUS errors present |
No | AUS provided dated XXX shows cash back to borrower of $834,544.48. R/T Refi. Provide final AUS run showing no cash back to borrower. Per final CD dated XXXXXX, borrowers required cash to close = $25,386.21. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: B1 has 18 years in same line of work/profession CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 788 FICO score > min. required of 700 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 58.11% < max allowable per guides of 89.99% | |||||||||||||||||||||||||||||||||||||
| 17 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing |
No | Missing Initial CD. |
1.14.2026 - ICD received |
1.14.2026 - Exception satisfied |
(No Data) |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: CO-Borrower has been in the same line of work for 7 years CFCFS1739: Positive mortgage payment history - Clayton Comments: Mortgage payment history 0 X 30 over 23 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 785 Credit score exceeds minimum required of 700 |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender |
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 | |||||||||||||||||||||||||||||||||||||
| 17 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period |
No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. |
1.14.2026 - ICD received |
1.14.2026 - Exception satisfied |
(No Data) | Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: CO-Borrower has been in the same line of work for 7 years CFCFS1739: Positive mortgage payment history - Clayton Comments: Mortgage payment history 0 X 30 over 23 months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 785 Credit score exceeds minimum required of 700 | |||||||||||||||||||||||||||||||||||||
| 18 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | CU/LCA returned no score. Clayton to order AVM |
12.22.2025: AVM provided FSD score outside of allowable variance.1/14/2026: Received CDA supporting value. |
12.22.2025: Exception remains1/14/2026: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 5.9 years primary CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: CB has 10 years at current job. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 16 years at current job. | |||||||||||||||||||||||||||||||||||||
| 18 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR5355 | Most recent FSD score outside of approved variance |
No | AVM FSD is 18. Max allowed is 13 |
1/14/2026: Received CDA supporting value. |
1/14/2026: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 5.9 years primary CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: CB has 10 years at current job. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 16 years at current job. | |||||||||||||||||||||||||||||||||||||
| 19 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | B | C | B | CMPTRID3966 | TRID - CD: The Will Not Have an Escrow Account in the CD Loan Disclosures section is selected and both or neither of You declined it and/or Your lender does not offer one are selected |
No | The Will Not Have an Escrow Account in the CD Loan Disclosures section is not selected - both or neither of You declined it and/or Your lender does not offer one is not selected. On final CD XXXXXX. Non-numeric clerical error cure: LOX and post- consummation CD within 60 days of consummation. |
1.14.2026 - Corrected CD provided |
1.14.2026 - Exception satisfied |
Non-Numeric | Not Applicable |
CFCFS1739: Positive mortgage payment history - Clayton Comments: 0x30 over 24 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: credit score 81 exceeds minimum of 640. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 40.82% below max of 43%. | |||||||||||||||||||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | C | A | D | A | A | A | D | A | C | A | D | A | A | A | Credit | Income/ Employment |
Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing |
No | File missing B1 VVOE doc |
1/14/2026: Received XXX WVOE. |
1/14/2026: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 18 years & 3 months at current job CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 18 years at current residence CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower mortgage payment 0x39x64 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 84 points above guideline minimum of 700 CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrower DTI is 23 points below guideline maximum. | |||||||||||||||||||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | C | A | D | A | A | A | D | A | C | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | CU score 3.6. Clayton to order AVM |
12.22.2025: AVM provided supports appraised value |
12.22.2025: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 18 years & 3 months at current job CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 18 years at current residence CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower mortgage payment 0x39x64 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 84 points above guideline minimum of 700 CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrower DTI is 23 points below guideline maximum. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender |
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 | |||||||||||||||||||||||||||||||||||||
| 21 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | D | A | D | A | CMPTRID5107 | TRID - Seller CD not in file; need in order to complete fee entry |
No | Missing Seller CD. |
12.24.2025 - Seller CD provided |
12.24.2025 - Exception satisfied |
Not Applicable |
Not Applicable |
CFCFS1737: LTV below guideline requirements - Clayton Comments: 50.98% LTV/CLTV < max allowable per guides of 89.99% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 760 FICO score. Min. required 700. CFCFS5269: Minimal use of credit - Clayton Comments: 18.62% revolving credit utilization | |||||||||||||||||||||||||||||||||||||
| 22 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 5.03 months of reserves exceeds guideline requirements of 3 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: 85% LTV for Subject Property is below guideline max LTV of 89.99% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median Fico Score of 793 > 93 required guideline requirements of 700 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 39.01% is above the minimum program requirements of 45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 23 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | 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 | Appraisal Fee increased from $1250 to $1700 on the Revised LE dated XXX. Final CD reflects an amount of $1550 for a tolerance of $300.Tolerance cure was provided on the PCCD dated XXX. Exception satisfied. |
(No Data) | (No Data) | (No Data) | Not Applicable |
CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Consumer credit history exceeds guidelines with no late payments in the past 5 years or more. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job with 7 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has significant time at current job with 6 years. | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations |
Appraisal | Satisfied | C | A | C | A | PRVAAPPR119 | Appraisal documentation does not support occupancy |
No | Missing accurate occupancy on appraisal. Appraisal reports occupancy as vacant however pictures and borrower information indicate property is owner occupied. |
1/13/2026: Received corrected appraisal showing owner occ. |
1/13/2026: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of783 is above the required 700 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 75.924 is below the maximum allowable of 89.99 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves: $228882.58 or 30.59 months of PITI. 3 months required. | |||||||||||||||||||||||||||||||||||||
| 25 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Compliance | Ability to Repay/ Qualified Mortgage |
Satisfied | D | A | D | A | CMPATRQM3220 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/ QM status. |
No | Missing documentation to fully source qualifying income of $31,265.87/month. |
1/14/2026: The WVOE received shows 2024 and 2023 year end earnings. |
1/14/2026: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $159,862.31 or 12.78 months of PITI. 3 months required reserves $12,511.33 * 3 months = $37,533.99. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 16 years CFCFS1737: LTV below guideline requirements - Clayton Comments: Qualifying LTV 84.59% below program maximum 89.99%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 798 >78 points above the minimum guideline required 720. | |||||||||||||||||||||||||||||||||||||
| 25 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Credit | Income/ Employment |
Satisfied | D | A | D | A | CRDINC2408 | Income verification does not meet guidelines |
No | Complete income documentation of YTD pay stub with 2024 W2 or WVOE with all year to date and prior year earnings. WVOE dated XXX is expired. Missing required documentation to fully source qualifying income of $31,265.87/month. |
1/14/2026: The WVOE received shows 2024 and 2023 year end earnings. |
1/14/2026: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $159,862.31 or 12.78 months of PITI. 3 months required reserves $12,511.33 * 3 months = $37,533.99. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 16 years CFCFS1737: LTV below guideline requirements - Clayton Comments: Qualifying LTV 84.59% below program maximum 89.99%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 798 >78 points above the minimum guideline required 720. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender |
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 | |||||||||||||||||||||||||||||||||||||
| 26 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | LCA score 4.5. Clayton to order a AVM |
12.22.2025: AVM provided supports appraised value |
12.22.2025: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 744 FICO score. Minimum required 620. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower’s has owned and operated their XXX business for 10 years. | |||||||||||||||||||||||||||||||||||||
| 27 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 750 is 50 points above minimum program requirement of 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 9.14% is below the guideline minimum of 50%. CFCFS2860: Good credit history - Clayton Comments: Borrowers has 0x30 for 268 months. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 30 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS5269: Minimal use of credit - Clayton Comments: 2.00% revolving credit utilization CFCFS1734: Borrower has significant time at current job - Clayton Comments: 10.2 years current job time | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 31 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | A | C | A | 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 | Zero Tolerance Fee of $140.00 due to addition of Appraisal Desk Review Fee on LE XXX. Missing a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower. |
1.14.2026 - COC provided |
1.14.2026 - Exception satisifed |
(No Data) | Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 45.42 is below Guidelines 50% maximum. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 781 exceeds Guidelines 700 minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below Guidelines 89.99% maximum. | |||||||||||||||||||||||||||||||||||||
| 48 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | B | C | B | CMPTRID3966 | TRID - CD: The Will Not Have an Escrow Account in the CD Loan Disclosures section is selected and both or neither of You declined it and/or Your lender does not offer one are selected |
No | Loan disclosure section: CD: The Will Not Have an Escrow Account in the CD Loan Disclosures section is selected neither of You declined it and/or Your lender does not offer one are not selected. Non-numeric clerical error cure: LOX and post- consummation CD within 60 days of consummation. One box must be checked. |
1.30.2026 - LOX and PCCD received. |
1.30.2026 - Exception satisfied |
Non-Numeric | Not Applicable |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer 23.25 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $1,204,324.81 in post closing reserves or 101.64 months PITI. Three months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 808 median FICO. Min required 700. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have lived at primary residence 29.33 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Verified 44.01% LTV. Max allowed 80%. | |||||||||||||||||||||||||||||||||||||
| 32 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1739: Positive mortgage payment history - Clayton Comments: Mortgage history reports 47 mos. 0x30, 58 mos. 0x30 and 7 mos. 0x30. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves $792,424.56 exceed required reserves $391,401.00. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 778 above program requirement 740. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender |
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 | |||||||||||||||||||||||||||||||||||||
| 33 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 14.33 months of reserves exceeds guideline requirements of 3 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median Fico Score of 751 > 31 required guideline requirements of 720 CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 35.30% is above the minimum program requirements of 45% CFCFS1737: LTV below guideline requirements - Clayton Comments: 85% LTV for Subject Property is below guideline max LTV of 89.99% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 34 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Compliance | RESPA | Active | B | B | B | B | CMPRESPA863 | RESPA: Required Affiliate Business Disclosure missing |
No | Required Affiliate Business Disclosure missing. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 710 credit score exceeds minimum standard of 620. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been with current employer for 9 years and 4 months. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with current employer for 7 years and 7 months. | |||||||||||||||||||||||||||||||||||||
| 35 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of $95,985.62 . Reserves required =$30,553.47 (3 mos. PITIA) CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 769 FICO score > min. score requirement of 700 CFCFS2854: Significant time in profession - Clayton Comments: 11 years in same line of work/profession | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 52 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Ability to Repay/ Qualified Mortgage |
Satisfied | C | A | C | A | CRDATRQM3124 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; Lender did not provide an ATR/QM status determination. |
No | Missing Lender QM determination. |
1/30/2026: Safe Harbor verified on Mavent Report. |
1/30/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1737: LTV below guideline requirements - Clayton Comments: Verified 78.53% LTV. Max allowed 89.99%. | |||||||||||||||||||||||||||||||||||||
| 36 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 46.94% is above the minimum program requirements of 50% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 5.33 months of reserves exceeds guideline requirements of 3 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: 75% LTV for Subject Property is below guideline max LTV of 89.99% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median Fico Score of 794 > 94 required guideline requirements of 700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 37 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves $361,662.63 exceed required reserves $42,490.35. CFCFS1739: Positive mortgage payment history - Clayton Comments: Mortgage history reports 70 mos. 0x30. CFCFS1737: LTV below guideline requirements - Clayton Comments: Qualifying LTV 71.07% below program maximum 80.00%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 791 above 700 minimum. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender |
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 | |||||||||||||||||||||||||||||||||||||
| 38 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 8.48 months of reserves exceeds guideline requirements of 3 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median Fico Score of 799 > 99 required guideline requirements of 700. CFCFS1737: LTV below guideline requirements - Clayton Comments: 60% LTV for Subject Property is below guideline max LTV of 89.99% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 39 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has significant time at current residence with 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves exceed guidelines with over $10 million in assets. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Consumer credit history exceeds guidelines with no late payments in the past 5 years or more. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 40 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | CU Score greater than 2.5; Clayton to order an AVM. (XXXXXX in the file does not show an FSD or Confidence Score). |
1/30/2026: Received CC AVM supporting value FSD 5%. |
1/30/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have 10 years at current residence CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrowers have no late payments on the mortgage history | |||||||||||||||||||||||||||||||||||||
| 41 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 38.89% is above the minimum program requirements of 45% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median Fico Score of 807 > 107 required guideline requirements of 700 CFCFS1737: LTV below guideline requirements - Clayton Comments: 61.475% LTV for Subject Property is below guideline max LTV of 89.99% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 42 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: 20.26% DTI is below maximum standard of 45%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been self-employed for 37 years and 4 months. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower owned departing residence for 4 years and 9 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 810 credit score exceeds minimum standard of 620. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 43 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 20 years at departing residence CFCFS1739: Positive mortgage payment history - Clayton Comments: 0 x 30 in 99 months |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender |
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 | |||||||||||||||||||||||||||||||||||||
| 44 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Compliance | Ability to Repay/ Qualified Mortgage |
Satisfied | D | A | D | A | CMPATRQM3220 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/ QM status. |
No | Due to B1 Commission Income & B2 OT income, LP requires 2 years W2s. Provide 2023 W2 for each borrower. |
1/30/2026: Received 12/2025 & 12/2024 paystubs. Commission history is verified. |
1/30/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers owned departing residence for 4 years and 4 months. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same line of work for 11 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been with current employer for 7 years and 9 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 706 credit score exceeds minimum standard of 620. | |||||||||||||||||||||||||||||||||||||
| 44 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Credit | Income/ Employment |
Satisfied | D | A | D | A | CRDINC2408 | Income verification does not meet guidelines |
No | Due to B1 Commission Income & B2 OT income, LP requires 2 years W2s. Provide 2023 W2 for each borrower. |
1/30/2026: Received 12/2025 & 12/2024 paystubs. Commission history is verified. |
1/30/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers owned departing residence for 4 years and 4 months. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same line of work for 11 years. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been with current employer for 7 years and 9 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 706 credit score exceeds minimum standard of 620. | |||||||||||||||||||||||||||||||||||||
| 46 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 721 median FICO. Min required 700. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 49 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Compliance | Ability to Repay/ Qualified Mortgage |
Satisfied | D | A | D | A | CMPATRQM3220 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/ QM status. |
No | Provide 2023 1040s and 1120-s. Per LP, two years required if <5 years in business. Business was formed 10/2022. Per UW notes, business was Schedule C prior. Provide proof of at least 5 years existence or additional years’ business and personal tax returns are required. |
1/30/2026: Received CPA Letter verifying in business for 10 years. |
1/30/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1737: LTV below guideline requirements - Clayton Comments: Verified 75% LTV. Max allowed 89.99%. CFCFS1744: DTI below guideline requirement - Clayton Comments: Verified 20.27% DTI. Max allowed 50%. | |||||||||||||||||||||||||||||||||||||
| 49 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Credit | Income/ Employment |
Satisfied | D | A | D | A | CRDINC3204 | Income Documentation Missing |
No | Provide 2023 1040s and 1120-s. Per LP, two years required if <5 years in business. Business was formed 10/2022. Per UW notes, business was Schedule C prior. Provide proof of at least 5 years existence or additional years’ business and personal tax returns are required. |
1/30/2026: Received CPA Letter verifying in business for 10 years. |
1/30/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1737: LTV below guideline requirements - Clayton Comments: Verified 75% LTV. Max allowed 89.99%. CFCFS1744: DTI below guideline requirement - Clayton Comments: Verified 20.27% DTI. Max allowed 50%. | |||||||||||||||||||||||||||||||||||||
| 45 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $215,381.39 in post closing reserves or 22.09 months PITI. DU requires $58,485.65 reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 808 median FICO. Min required 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer 11.75 years. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender |
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 | |||||||||||||||||||||||||||||||||||||
| 53 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers lived at previous residence 15.75 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: Verified 62.91% LTV. Max allowed 89.99%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $1,798,460.88 in post closing reserves or 275.40 months PITI. Three months reserves required. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 51 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers lived at previous residence 13 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $414,348.28 in post closing reserves or 46.24 months PITI. Three months reserves required. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 50 | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $253,871.12 in post closing reserves or 35.48 months PITI. Three months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 759 median FICO. Minimum required 700. |
|
Deal ID |
Loan Number |
Lender Application |
Broker Application Date |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan |
Final Securitization Credit Loan |
Initial Securitization Property Valuations |
Final Securitization Property Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan |
Initial S&P Credit Loan |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations Loan Grade |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan |
Final S&P Compliance Loan Grade |
Did Lender Acknowledge Exception at Origination | ||||||||||||||||||||
| 1 | XXXXXX | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 2 | XXXXXX | XXXXXX | XXXXXX | D | A | D | A | A | A | C | A | D | A | D | A | A | A | C | A | Not Applicable | ||||||||||||||||||||
| 3 | XXXXXX | XXXXXX | XXXXXX | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 4 | XXXXXX | XXXXXX | XXXXXX | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Not Applicable | ||||||||||||||||||||
| 5 | XXXXXX | XXXXXX | XXXXXX | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Not Applicable | ||||||||||||||||||||
| 6 | XXXXXX | XXXXXX | XXXXXX | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Not Applicable | ||||||||||||||||||||
| 7 | XXXXXX | XXXXXX | XXXXXX | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Not Applicable | ||||||||||||||||||||
| 259 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 8 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | C | A | D | A | A | A | D | A | C | A | Not Applicable | ||||||||||||||||||||
| 9 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Not Applicable | ||||||||||||||||||||
| 11 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 12 | XXXXXX | XXXXXX | XXXXXX | D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | A | No | ||||||||||||||||||||
| 13 | XXXXXX | XXXXXX | XXXXXX | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | No | ||||||||||||||||||||
| 14 | XXXXXX | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | No | ||||||||||||||||||||
| 15 | XXXXXX | XXXXXX | XXXXXX | C | A | C | A | A | A | C | A | C | A | C | A | A | A | C | A | No | ||||||||||||||||||||
| 260 | XXXXXX | XXXXXX | XXXXXX | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 17 | XXXXXX | XXXXXX | XXXXXX | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | No | ||||||||||||||||||||
| 18 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 19 | XXXXXX | XXXXXX | XXXXXX | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Not Applicable | ||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | XXXXXX | D | A | C | A | D | A | A | A | D | A | C | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 21 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | Not Applicable | ||||||||||||||||||||
| 22 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 23 | XXXXXX | XXXXXX | XXXXXX | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Not Applicable | ||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | XXXXXX | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | No | ||||||||||||||||||||
| 25 | XXXXXX | XXXXXX | XXXXXX | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | No | ||||||||||||||||||||
| 26 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 27 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 30 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 31 | XXXXXX | XXXXXX | XXXXXX | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Not Applicable |
|
Deal ID |
Loan Number |
Lender Application |
Broker Application Date |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan |
Final Securitization Credit Loan |
Initial Securitization Property Valuations |
Final Securitization Property Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan |
Initial S&P Credit Loan |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations Loan Grade |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan |
Final S&P Compliance Loan Grade |
Did Lender Acknowledge Exception at Origination | ||||||||||||||||||||
| 48 | XXXXXX | XXXXXX | XXXXXX | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Not Applicable | ||||||||||||||||||||
| 32 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 33 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 34 | XXXXXX | XXXXXX | XXXXXX | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Not Applicable | ||||||||||||||||||||
| 35 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 52 | XXXXXX | XXXXXX | XXXXXX | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 36 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 37 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 38 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 39 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 40 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 41 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 42 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 43 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 44 | XXXXXX | XXXXXX | XXXXXX | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Not Applicable | ||||||||||||||||||||
| 46 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 49 | XXXXXX | XXXXXX | XXXXXX | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | No | ||||||||||||||||||||
| 45 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 53 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 51 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 50 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |