EXHIBIT 99.27
cANOPY EXCEPTIONS REPORT
| Deal ID | Loan ID | Seller Loan ID | Investor Loan ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| 615 | xxx | xxx | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2025-08-14 17:57 | 2025-08-20 14:33 | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Charges That Cannot Increase Test | Resolved-Valid COC event details received, data entered, no additional compliance findings. - Due Diligence Vendor-08/20/2025 Resolved- - Due Diligence Vendor-08/20/2025 Ready for Review-Document Uploaded. - Seller-08/20/2025 Counter-Documentation provided is insufficient to establish a change of circumstance event pursuant to pursuant to § 1026.19(e)(3)(iv). Locked Initial Loan Estimate issued xxx, with 8.375% rate, and reserves. Revised Loan Estimate issued xxx, with same rate and terms, added discount points in the amount of $xxx, without an evident change of circumstance event. Please provide change of circumstance event details for review and validation or 0% tolerance cure in the amount of $xxx is required. Please provide PCCD, LOE, copy of refund check and proof of mailing. - Due Diligence Vendor-08/20/2025 Ready for Review-Document Uploaded. - Seller-08/19/2025 Open-**** The following charges have been either added or increased: Discount Points resulting in a 0% tolerance cure in the amount of $xxx. Please provide COC event details dated within 3 days of additional/increased charges. Or 0% tolerance cure in the amount of $xxx is required. Please provide PCCD, LOE, copy of refund check and proof of mailing. - Due Diligence Vendor-08/15/2025 Open- - Due Diligence Vendor-08/15/2025 Open- - Due Diligence Vendor-08/14/2025 |
Ready for Review-Document Uploaded. - Seller-08/20/2025 Ready for Review-Document Uploaded. - Seller-08/19/2025 |
Resolved-Valid COC event details received, data entered, no additional compliance findings. - Due Diligence Vendor-08/20/2025 |
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 12.5 Years Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of XXXX Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 30.92% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points |
xxx | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | xxx | xxx | Primary Residence | Purchase | NA | N/A | N/A | xxx | ||
| 615 | xxx | xxx | C | A | A | A | C | A | A | A | Closed | finding-3631 | 2025-08-14 17:57 | 2025-08-20 14:33 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Reimbursement Amount Validation Test | Resolved-Valid COC event details received, data entered, no additional compliance findings. - Due Diligence Vendor-08/20/2025 Resolved- - Due Diligence Vendor-08/20/2025 Open-**** finding in relation to ***** The following charges have been either added or increased: Discount Points resulting in a 0% tolerance cure in the amount of $xxx. Please provide COC event details dated within 3 days of additional/increased charges. Or 0% tolerance cure in the amount of $xxx is required. Please provide PCCD, LOE, copy of refund check and proof of mailing. - Due Diligence Vendor-08/15/2025 Open- - Due Diligence Vendor-08/15/2025 Open-This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-08/14/2025 Open- - Due Diligence Vendor-08/14/2025 |
Resolved-Valid COC event details received, data entered, no additional compliance findings. - Due Diligence Vendor-08/20/2025 |
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - XXXX Years Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of XXXX Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 30.92% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | xxx | xxx | Primary Residence | Purchase | NA | N/A | N/A | xxx | ||||
| 615 | xxx | xxx | C | A | A | A | C | A | A | A | Closed | finding-3632 | 2025-08-14 17:57 | 2025-08-20 14:33 | Resolved | 1 - Information | C | A | Compliance | Disclosures (Federal, State, and Data Dependent) | Consummation or Reimbursement Date Validation Test | Resolved-Valid COC event details received, data entered, no additional compliance findings. - Due Diligence Vendor-08/20/2025 Resolved- - Due Diligence Vendor-08/20/2025 Open-**** finding in relation to ***** The following charges have been either added or increased: Discount Points resulting in a 0% tolerance cure in the amount of $xxx. Please provide COC event details dated within 3 days of additional/increased charges. Or 0% tolerance cure in the amount of $xxx is required. Please provide PCCD, LOE, copy of refund check and proof of mailing. - Due Diligence Vendor-08/15/2025 Open- - Due Diligence Vendor-08/15/2025 Open-This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-08/14/2025 Open- - Due Diligence Vendor-08/14/2025 |
Resolved-Valid COC event details received, data entered, no additional compliance findings. - Due Diligence Vendor-08/20/2025 |
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - XXXX Years Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of XXXX Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 30.92% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | xxx | xxx | Primary Residence | Purchase | NA | N/A | N/A | xxx | ||||
| 616 | xxx | xxx | D | A | D | A | A | A | A | A | Closed | FCRE1158 | 2026-01-12 12:33 | 2026-01-20 12:10 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Insurance | Hazard Insurance Policy is Partial | Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-01/20/2026 Ready for Review-Document Uploaded. - Seller-01/20/2026 Open- Hazard Insurance Policy Partially Provided - Document is incomplete or missing required policy information. Provide HO3 insurance policy with Policy number. Existing policy in file shows TBD. - Due Diligence Vendor-01/12/2026 |
Ready for Review-Document Uploaded. - Seller-01/20/2026 |
Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-01/20/2026 |
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of XXXX Are Greater Than The Guideline Minimum Of 0 By Six (6) Or More Months Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points |
xxx | ATR/QM: Not Applicable | ATR/QM: Not Applicable | xxx | xxx | Investment | Refinance | Cash Out - Other | N/A | N/A | xxx | ||
| 617 | xxx | xxx | A | A | A | A | A | A | A | A | A | A | ATR/QM: Not Applicable | ATR/QM: Not Applicable | xxx | xxx | Investment | Purchase | NA | |||||||||||||||||||
| 618 | xxx | xxx | A | A | A | A | A | A | A | A | A | A | ATR/QM: Not Applicable | ATR/QM: Not Applicable | xxx | xxx | Investment | Purchase | NA | |||||||||||||||||||
| 619 | xxx | xxx | A | A | A | A | A | A | A | A | A | A | ATR/QM: Not Applicable | ATR/QM: Not Applicable | xxx | xxx | Investment | Purchase | NA | |||||||||||||||||||
| 620 | xxx | xxx | A | A | A | A | A | A | A | A | A | A | ATR/QM: Not Applicable | ATR/QM: Not Applicable | xxx | xxx | Investment | Purchase | NA | |||||||||||||||||||
| 621 | xxx | xxx | C | A | A | A | A | A | C | A | Closed | FPRO9939 | 2026-01-22 06:44 | 2026-01-29 09:31 | Resolved | 1 - Information | C | A | Property | Third Party Valuation | CU Score is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided | Resolved-Field review & enhanced Desk review provided. - Due Diligence Vendor-01/29/2026 Ready for Review-Document Uploaded. - Seller-01/28/2026 Open-CU Score Is Greater Than 2.5 And A Third Party Valuation Product Was Not Provided (CU Score Is 3.2) - Due Diligence Vendor-01/22/2026 |
Ready for Review-Document Uploaded. - Seller-01/28/2026 |
Resolved-Field review & enhanced Desk review provided. - Due Diligence Vendor-01/29/2026 |
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals XXXX Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of XXXX Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - XXXX Years Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 65% Is Below The Guideline Maximum Of 75% By Ten Percent (10%) Or More Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 40.38% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points |
xxx | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | xxx | xxx | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | xxx | ||
| 622 | xxx | xxx | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | xxx | xxx | Primary Residence | Purchase | NA |