MORGAN STANLEY CAPITAL I INC. ABS-15G
Exhibit 99.2
Schedule 1 - Exception Grades Report
Exception Grades
Run Date - 3/23/2026 12:55:26 PM
| SitusAMC Loan ID | Customer Loan ID | Seller Loan ID | Investor Loan Number | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | 15E Category | Exception | Exception Detail | Exception Information | Compensating Factors | Compensating Factor Information | Applying Party | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Exception Level Grade | DBRS Initial Exception Rating | DBRS Final Exception Rating | Fitch Initial Exception Rating | Fitch Final Exception Rating | Kroll Initial Exception Rating | Kroll Final Exception Rating | Moody's Initial Exception Rating | Moody's Final Exception Rating | S&P Initial Exception Rating | S&P Final Exception Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade |
Overall Final Loan Grade |
Credit Initial Loan Grade |
Credit Final Loan Grade |
Compliance Initial Loan Grade |
Compliance Final Loan Grade |
Property Initial Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| [Redact] | 9213060 | [Redact] | 33905353 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | The file does not contain the copy verification of rent, 12 months canceled checks or 12 months payment history for the borrower's current primary residence. | Reviewer Comment (2025-07-16): Received AUS. Exception Cleared. Seller Comment (2025-07-14): AUS in lieu of housing history |
07/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9213060 | [Redact] | 33905206 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Hazard Insurance Policy to have a effective date that is after the disbursement, note or transaction date | Reviewer Comment (2025-07-18): PCCD and Settlement Statement provided. Exception cleared. Seller Comment (2025-07-16): Final settlement stmt and PCCD |
07/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9213066 | [Redact] | 33973921 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated PITIA months reserves of 3.80 is less than Guideline PITIA months reserves of 4.00. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. |
743 exceeds min required of 700 | [Redact],Aggregator [Redact] |
Reviewer Comment (2025-08-27): Client elected to waive the condition with the following compensating factor: 743 exceeds min required of 700 |
08/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | B | A | A | A | N/A | No | ||||||||
| [Redact] | 9213066 | [Redact] | 33973956 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Reviewer Comment (2025-07-22): Disclosure provided Seller Comment (2025-07-21): Right to Receive Copy of Appraisal |
07/22/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Purchase | C | B | C | B | B | A | A | A | N/A | No | |||||||||||
| [Redact] | 9389397 | [Redact] | 34495251 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 09/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 9389418 | [Redact] | 34521145 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan amount is under the minimum of [Redact] requirement per guidelines. Lender exception approval in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The qualifying DSCR on the loan is greater than the guideline minimum. |
8.8 months reserves.is gt 4 months required. 1.3 DSCR is gt min required of 1 |
[Redact],Originator Pre-Close,Aggregator [Redact] Aggregator |
Reviewer Comment (2025-09-25): Client elected to waive the condition with the following Comp Factor: 8.8 months reserves.is gt 4 months required. 1.3 DSCR is gt min required of 1 |
09/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||
| [Redact] | 9389418 | [Redact] | 34521248 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | The file was missing a copy of the initial Right to Receive a Copy" appraisal. | Buyer Comment (2025-09-25): Initial and Final Grade B, accepted |
09/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 9768759 | [Redact] | 34804385 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Schedule C Test | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. | The file is missing the third party verification of self-employment for the co-borrower. | Reviewer Comment (2025-11-04): Received employer letter. Exception Cleared. Seller Comment (2025-11-03): [Redacted] letter from employer |
11/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9768759 | [Redact] | 34804390 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Reviewer Comment (2025-11-05): Third party verification of co-borrower's S/E provided |
11/05/2025 | 1 | B | A | C | A | B | A | C | A | B | A | [Redact] | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9768759 | [Redact] | 34804393 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Schedule C | Ability to Repay (Dodd-Frank 2014): Unable to verify Sole Proprietorship income using reasonably reliable third-party records. | Third party verification was not provided. | Reviewer Comment (2025-11-05): Third party verification of co-borrower's S/E provided Seller Comment (2025-11-03): Please clarify which employer you are looking for ? [Redact] or [Redacted] eat? |
11/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9768759 | [Redact] | 34804394 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-11-24): Client elected to waive condition for WVOE requirement w/ comp factors. |
11/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9768759 | [Redact] | 34804395 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-11-05): Third party verification of co-borrower's S/E provided |
11/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9768759 | [Redact] | 34844973 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Guidelines require a WVOE when [Redact] income is being used. File was missing the WVOE. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. The representative FICO score is above [Redacted]. |
.[Redacted] months reserves residual income [Redacted] monthly. |
Originator Pre-Close,Aggregator,[Redact] [Redact] [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-11-24): Client elected to waive the condition with the following Compensating Factors: [Redacted] months reserves, residual income [Redacted] monthly. Reviewer Comment (2025-11-12): Client required the condition to remain open without the WVOE. Condition remains Seller Comment (2025-11-12): We need to escalate the issue at the investor then. YTD paystubs reflect exactly what [Redact]s a WVOE would reflect. Which is why we have the exception in the file to use less than 12 months of [Redact] income for qualifying as we used YTD [Redact] income. Reviewer Comment (2025-11-11): Guidelines require "Written Verification of Employment (WVOE) is required to show the breakdown of the income type" when using [Redact] income to qualify. Seller Comment (2025-11-07): hello please find exception attached. WVVOE is not required Reviewer Comment (2025-11-05): An additional copy of the VVOE was provided. Per the guides, a Written VOE is required when [Redact] income is being used. Condition remains Seller Comment (2025-11-05): vvoes Reviewer Comment (2025-11-04): As per guideline WVOE required to clear this condition. Exception Remains. Seller Comment (2025-10-31): hi. please find attached VVOE for "[Redacted]" …the exception did not clarify which job this is missing for. |
11/24/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| [Redact] | 9768759 | [Redact] | 34857450 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet minimum income documentation requirements. | Per the guidelines, [Redact] income earned for less than one year may not be used. Lender exception approval in file to allow for less than 1 year [Redact] income. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. The representative FICO score is above [Redacted]. |
.[Redacted] months reserves residual income [Redacted] monthly. |
Originator Pre-Close,Aggregator,[Redact] [Redact] [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2025-11-12): Client elected to waive the condition with the following compensating factors: [Redacted] months reserves Reviewer Comment (2025-11-11): Per the guidelines, [Redact] income earned for less than one year may not be used. Lender exception approval in file to allow for less than 1 year [Redact] income. Client to review. Seller Comment (2025-11-07): exception |
11/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| [Redact] | 9768759 | [Redact] | 34913954 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Updated after Third party verification of co-borrower's S/E provided | Reviewer Comment (2025-11-24): Client elected to waive condition for WVOE requirement w/ comp factors. |
11/24/2025 | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 9768778 | [Redact] | 34782954 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] | Buyer Comment (2025-10-31): Initial and Final Grade B, accepted |
10/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Limited Cash-out GSE | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9768778 | [Redact] | 34782958 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted]over legal limit. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-11-06): [Redacted] received updated CD and valid Changed circumstance. Seller Comment (2025-11-04): CIC |
11/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Limited Cash-out GSE | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9859795 | [Redact] | 34957272 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of[Redact]2 vs. an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Buyer Comment (2025-11-14): Initial and Final Grade B, accepted. |
11/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9859817 | [Redact] | 34988302 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Buyer Comment (2025-11-18): Initial and Final Grade B, accepted |
11/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| [Redact] | 9859817 | [Redact] | 34988305 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-11-14): Sufficient Cure Provided At Closing |
11/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9859828 | [Redact] | 35003771 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2025). FNMA Finance Charge total [Redact] on a Original Loan Amount of [Redact] vs. an allowable total of [Redact] and [Redact] (2025) (an overage of [Redact] or [Redact]). | Buyer Comment (2025-11-20): Initial and Final Grade B, accepted |
11/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||
| [Redact] | 9859828 | [Redact] | 35004242 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided | The 1008 in the file only has income for the borrower, please provided the final 1008 with income lines for both borrowers. | Reviewer Comment (2025-11-27): Received 1008. Exception Cleared. Seller Comment (2025-11-25): 1008 |
11/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 9859828 | [Redact] | 35005486 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Reviewer Comment (2025-11-21): Received Insurance Verification. Exception Cleared. Seller Comment (2025-11-19): Hi there is no HOI on 12403 Longmire...please see attached |
11/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 9859805 | [Redact] | 35115572 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Reviewer Comment (2025-12-08): Received right to receive copy of appraisal. Exception Cleared. Seller Comment (2025-12-04): disclosure |
12/08/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9859805 | [Redact] | 35115608 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. |
Reviewer Comment (2025-12-16): Received Replacement Cost Estimator. Exception Cleared. Seller Comment (2025-12-15): rce email from agent Reviewer Comment (2025-12-15): Provided RCE not supporting with dwelling coverage hence insurance insufficient by [Redact]. Provide a copy of the replacement cost estimator from the insurance company, a revised policy/dec page with increased coverage, or documentation from the insurance company verifying the policy has Guaranteed Replacement cost coverage. Exception Remains. Seller Comment (2025-12-12): RCE attached |
12/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9859778 | [Redact] | 35119542 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Buyer Comment (2025-12-08): Initial and Final Grade B, accepted |
12/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| [Redact] | 9859780 | [Redact] | 35121023 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file. | 12/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | B | C | B | B | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9859780 | [Redact] | 35121059 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Reviewer Comment (2025-12-08): Received right to receive copy of appraisal. Exception Cleared. Seller Comment (2025-12-05): appraisal disclosure |
12/08/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | B | C | B | B | A | A | A | N/A | No | |||||||||||
| [Redact] | 9859780 | [Redact] | 35121091 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted] Provide updated policy reflecting minimum coverage of $[Redacted] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-12-08): Received Replacement Cost Estimator. Exception Cleared. Seller Comment (2025-12-05): cost estimator |
12/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | B | C | B | B | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9859786 | [Redact] | 35149219 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [Redact], prior to three (3) business days from transaction date of [Redact]. | The borrower didn't sign the final CD until [Redact] the disbursement date of [Redact] is less than 3 business days. | Reviewer Comment (2026-01-02): Post-close CD and disbursement ledger provided verifying an updated disbursement date. Seller Comment (2025-12-31): hello, please find attached ledger from escrow. please clear. Reviewer Comment (2025-12-26): A copy of the final settlement statement confirming the updated disbursement date is required. A post-close CD, created by the lender, cannot solely be used to retest rescission dates and identify an updated disbursement date. Condition is valid and remains open Seller Comment (2025-12-24): this is a [Redact] loan. the final estimated HUD is replaced by the CD which is uploaded Reviewer Comment (2025-12-24): Post-close CD provided verifying an updated disbursement date. However, a copy of the final settlement statement confirming the updated disbursement date was not in the file. Condition remains Seller Comment (2025-12-23): loe to borrower Seller Comment (2025-12-23): pccd showing disbursement |
01/02/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes |