EXHIBIT 99.2

CLAYTON CONDITIONS REPORT


Client Name:    PennyMac
Client Project Name:    PNMAC PMTLT 2026-CNF4 J16696
Conditions Report 2.0   
Loans in Report:    255
Loans with Conditions:    205

 

52 - Total Active Conditions   
   16 - Material Conditions
     3 - Credit Review Scope
        1 - Category: Income/Employment
        1 - Category: Legal Documents
        1 - Category: Terms/Guidelines
     10 - Property Valuations Review Scope
        2 - Category: Appraisal
        8 - Category: Value
     3 - Compliance Review Scope
        1 - Category: Ability to Repay/Qualified Mortgage
        1 - Category: Right of Rescission
        1 - Category: Texas Home Equity
   36 - Non-Material Conditions
     3 - Credit Review Scope
        2 - Category: Income/Employment
        1 - Category: Terms/Guidelines
     3 - Property Valuations Review Scope
        3 - Category: FEMA
     30 - Compliance Review Scope
        1 - Category: Borrower’s Interest
        22 - Category: RESPA
        5 - Category: Right of Rescission
        1 - Category: State Consumer Protection
        1 - Category: TILA/RESPA Integrated Disclosure
378 - Total Satisfied Conditions   
     40 - Credit Review Scope
        11 - Category: Ability to Repay/Qualified Mortgage
        2 - Category: Application
        6 - Category: Assets
        6 - Category: Credit/Mtg History
        2 - Category: DTI
        5 - Category: Income/Employment
        5 - Category: Insurance
        2 - Category: Terms/Guidelines
        1 - Category: Title
     270 - Property Valuations Review Scope
        266 - Category: Appraisal
        4 - Category: Value
     68 - Compliance Review Scope
        14 - Category: Ability to Repay/Qualified Mortgage
        6 - Category: APR Tolerance
        2 - Category: Compliance Manual
        8 - Category: Documentation
        1 - Category: Federal Consumer Protection
        5 - Category: Right of Rescission
        2 - Category: State Consumer Protection
        30 - Category: TILA/RESPA Integrated Disclosure
5 - Total Waived Conditions   
     5 - Property Valuations Review Scope
        5 - Category: FEMA

©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-CNF4 J16696
Conditions Report 2.0   
Loans in Report:    255
Loans with Conditions:    205

 

Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
418   XXXXXX   XXXXXX   TX   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 (or
CU) score
is >2.5.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 50 months with 0x30 Mortgage payment history exceeds guidelines of 12 months.

 

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has resided at current residence for 5 years.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has significant time at current job, 7 years and 2 months.

                                                                           
3   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 7.36%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $296118.59 or 72.52 months PITIA > min required of $0.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 779 mid score > min required of 620

                                                                           
3   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
Approved,
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 7.36%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $296118.59 or 72.52 months PITIA > min required of $0.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 779 mid score > min required of 620

                                                                           
5   XXXXXX   XXXXXX   TX   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: 745 score exceeds 620 minimum.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 41.22% DTI with a max 45%

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 11 years in residence.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
421   XXXXXX   XXXXXX   CA   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: Qualifying DTI (Back) of 33.08% is 11.92% below the 45% allowed.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 3.93%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 798 mid score > min required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $203,688.93 > min required of $857

                                                                           
12   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   B   A   A   A   D   A   D   A   B   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 an
updated
AUS with
income for
Borrower 1:
Base
$6,598.80 +
Bonus
$1,114.58
with total
income of
$7,713.38.
AUS must
remain
Accept/
Eligible.
  3/27/2026:
Received
revised
AUS,
1008 and
1003,
verifying
DTI 41%.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: The borrowers have resided at current residence for 7 years.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has significant time at current job, 28 years and 10 months.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 79.06% LTV below guideline requirements of 80% per program.

                                                                           
12   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   B   A   A   A   D   A   D   A   B   A   A   A   D   A   Credit   DTI   Satisfied   B   A   B   A   CRDDTI106   Debt
Ratio
Exception
>5% and
<10%
  No   Lender
approved
DTI at 35%.
Clayton
calculated
income for
B1 7,713.38
+ B2
$4,307.33 =
$12,020.71.
Subject PITI
$2,855.90 +
other debt
$2,025.15 =
$4,881.05
resulting in
DTI of
40.61%.
Difference is
due to the
income for
B1, B1 Base
due to
borrower
returning to
work can use
pre leave
gross
monthly
income
“5303.3” per
the hourly
income
38.07 X 40 =
1,522.80 X
52 =
79,185.60 /
12 =
6,598.80 a
month
Bonus:
$14,500.00 +
$12,250.00 =
$26,750 / 24
= $1,114.58.
Other
Income
33629.77 +
12609.97 +
21956.02 =
68195.76 /
36 =
$1,894.33
Other
income is
not eligible
as it’s due to
supplemental
furlough
income.
  3/27/2026:
Received
revised
AUS,
1008 and
1003,
verifying
DTI 41%.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: The borrowers have resided at current residence for 7 years.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has significant time at current job, 28 years and 10 months.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 79.06% LTV below guideline requirements of 80% per program.

                                                                           
13   XXXXXX   XXXXXX   GA   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 (or
CU) score is
>2.5.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO is 799 Minimum FICO is 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI is 17.33 below Max DTI is 45%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $1,838.61 or 0.37 months PITI , no reserves are required


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
16   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan approved
with PIW.
Clayton to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: required score 620- borrower representative score 760

 

CFCFS1736: Significant time at current residence

- Clayton Comments: coborrower owns her primary home for 23 years

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: b2 - 28 years at current job

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $31,838.18 (10.95 months PITIA reserves) > min required reserves of $0

                                                                           
16   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan approved
with PIW.
Clayton to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: required score 620- borrower representative score 760

 

CFCFS1736: Significant time at current residence

- Clayton Comments: coborrower owns her primary home for 23 years

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: b2 - 28 years at current job

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $31,838.18 (10.95 months PITIA reserves) > min required reserves of $0

                                                                           
19   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   A   A   D   B   D   B   C   A   A   A   D   B   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 support
omitting
recurring
payment of
$4,425 to XXX
reflected on
bank statements
in file. If
included in DTI
back ratio
would increase
to 61.43%
which is above
tolerance of 3%.
If new DU AUS
ran,
recommendation
must remain
Approve/
Eligible.
  3/27/2026:
Received
LOX. It is
for
mother’s
assisted
living
facility.
Not
obligated,
just does it
to help
out.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $271,322.51/ 83.89 months PITIA > min required of $0.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 743 mid score > min required of 620

                                                                           
19   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   A   A   D   B   D   B   C   A   A   A   D   B   Compliance   RESPA   Active   B   B   B   B   CMPRESPA2704   RESPA -
List of
homeowners
counseling
organizations
not
compliant
  No   Document in
file shows list
was delivered
on XXX but the
list is missing.
Please provide
the list of
homeowners
counseling
organizations.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $271,322.51/ 83.89 months PITIA > min required of $0.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 743 mid score > min required of 620

                                                                           
19   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   A   A   D   B   D   B   C   A   A   A   D   B   Credit   Credit/
Mtg
History
  Satisfied   C   A   C   A   CRDCRMH1805   Debts/
obligations
not
disclosed/
accounted
for at
origination
  No   Missing
documentation
to support
omitting
recurring
payment of
$4,425 to XXX
reflected on
bank statements
in file. If
included in DTI
back ratio
would increase
to 61.43%
which is above
tolerance of 3%.
If new DU AUS
ran,
recommendation
must remain
Approve/
Eligible.
  3/27/2026:
Received
LOX. It is
for
mother’s
assisted
living
facility.
Not
obligated,
just does it
to help
out.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $271,322.51/ 83.89 months PITIA > min required of $0.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 743 mid score > min required of 620


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
22   XXXXXX   XXXXXX   MD   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   A   A   D   A   C   A   D   A   A   A   Credit   Credit/
Mtg
History
  Satisfied   C   A   C   A   CRDCRMH1805   Debts/
obligations
not
disclosed/
accounted
for at
origination
  No   Provide
LOX for
rents
received
via XXX
on XXX
#XXX
statement.
  3/27/2026:
Received
LOX.
Rents are
from a
roommate.
This is
acceptable.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: No late payments noted in credit history since October 2016.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 35.12 is lower than max allowed 45%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Reserves of $91,794.15 exceed AUS reserve requirement of $0.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 777 exceeds minimum of 620.

                                                                           
22   XXXXXX   XXXXXX   MD   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   A   A   D   A   C   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: No late payments noted in credit history since October 2016.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 35.12 is lower than max allowed 45%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Reserves of $91,794.15 exceed AUS reserve requirement of $0.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 777 exceeds minimum of 620.

                                                                           
22   XXXXXX   XXXXXX   MD   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   A   A   D   A   C   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: No late payments noted in credit history since October 2016.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 35.12 is lower than max allowed 45%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Reserves of $91,794.15 exceed AUS reserve requirement of $0.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 777 exceeds minimum of 620.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
25   XXXXXX   XXXXXX   CA   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: 718 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 9.77% is below guideline maximum 45%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $556,662.50 / 191.82 months PITIA > min required of $3,621.

                                                                           
423   XXXXXX   XXXXXX   AR   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 is
>2.5.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Verified LTV is below guideline maximum of 90%

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Verified 0x 30 day mortgage late

                                                                           
424   XXXXXX   XXXXXX   CA   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 is
>2.5.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: in documented assets, borrowers have $62,584.87 in reserves post close or 9 months reserves. Zero were required. $62,584.87/6555.65= 9

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 65% LTV is below the 80% maximum allowed for cashout refi

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 764 credit score exceeds program 620 minimum

                                                                           
28   XXXXXX   XXXXXX   VA   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   DU
returned
2.6
score.
Clayton
to order
Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 779 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 40.96% is below guideline maximum 50% upon AUS approval.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 6.23%

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 75%; guidelines allow 97%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $13,604.24 / 5.76 months PITIA > min required of $0.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
425   XXXXXX   XXXXXX   WA   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   Missing
updated
valuation.
CU score
not
provided.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has owned XXX business over 20 years

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified cash reserves of $216,108.61 > $22,014.65 reserves required.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 725 is 105 points above the 620 required.

 

CFCFS1749: Additional documented income not used in qualifying

- Clayton Comments: Subject Property appraisal rents $2100 for 2nd Unit not used in qualifying.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Qualifying DTI (Back) of 37.05% is 7.95% below the 45% allowed.

                                                                           
428   XXXXXX   XXXXXX   CA   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
not
established.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified credit score of 782 is greater than the minimum required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 9.15%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $1,867,513.86 / 273.85 months PITIA is greater the the required reserves of $41,580.09

                                                                           
429   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
approved
PIW.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 786 fico exceeds 620 minimum

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 10 years in current home.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 8 years with current employer.

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 7 years with current employer

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

                                                                           
429   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 786 fico exceeds 620 minimum

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 10 years in current home.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 8 years with current employer.

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 7 years with current employer

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

                                                                           
431   XXXXXX   XXXXXX   GA   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: Borrowers have60 months mortgage payment history 0x30.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been in business since 08/16/2014

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 722 mid score > min required of 620


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
371   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   A   A   D   B   D   B   A   A   A   A   D   B   Compliance   Documentation   Satisfied   D   A   D   A   CMPDOC5551   Missing
sufficient
documentation
to determine
the QM Fee
limit, QM
APR and/or
TIL/State
Higher-Priced
APR or State
regulation fee
tests
  No   File is
missing
final
signed
and
executed
CD at
closing.
  (No Data)   (No Data)   Hybrid   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 score exceeds 620 minimum.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 21.39% DTI below 43%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: ASSETS: $52,168.45- $17,620.89 funds to close = $34,547.56 reserves.No reserves required.

                                                                           
371   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   A   A   D   B   D   B   A   A   A   A   D   B   Compliance   Documentation   Satisfied   D   A   D   A   CMPDOC5553   Missing
sufficient
documentation
to determine
High Cost
Fees and APR
Limits
  No   File is
missing
final
signed
and
executed
CD at
closing.
  (No Data)   (No Data)   Hybrid   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 score exceeds 620 minimum.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 21.39% DTI below 43%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: ASSETS: $52,168.45- $17,620.89 funds to close = $34,547.56 reserves.No reserves required.

                                                                           
371   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   A   A   D   B   D   B   A   A   A   A   D   B   Compliance   Federal
Consumer
Protection
  Satisfied   C   A   C   A   CMPFDCP2109   ROR -
Unknown
latest TIL
date; cannot
determine
whether
borrower was
provided their
full rescission
period
  No   File is
missing
final
signed
and
executed
CD at
closing.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 score exceeds 620 minimum.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 21.39% DTI below 43%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: ASSETS: $52,168.45- $17,620.89 funds to close = $34,547.56 reserves.No reserves required.

                                                                           
371   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   A   A   D   B   D   B   A   A   A   A   D   B   Compliance   Right of
Rescission
  Satisfied   C   B   C   B   CMPROR2330   ROR -
Disbursement
date is before
end of
statutory
rescission
period
  No   File is
missing
final
signed
and
executed
CD at
closing.
  3.27.2026 -
CD issued
XXX reflects
DD of XXX
and earliest
expiration
date per ROR
is
XXX.4.2.2026
- FInal ALTA
with DD of
XXX
provided
  3.27.2026 -
Exception
remains4.2.2026
-Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 score exceeds 620 minimum.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 21.39% DTI below 43%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: ASSETS: $52,168.45- $17,620.89 funds to close = $34,547.56 reserves.No reserves required.

                                                                           
370   XXXXXX   XXXXXX   CA   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: 712 mid score > min required of 620

 

CFCFS1736: Significant time at current residence

- Clayton Comments: Co-borrower has 11 years at primary residence

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Co-borrower has 14 years job time


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
432   XXXXXX   XXXXXX   GA   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: Credit use ratio is 10.72%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying credit score is 749 exceeds minimum is 620.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 80% less than max 95%.

                                                                           
433   XXXXXX   XXXXXX   CA   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 Assets are $24,185.17 or 4 months of PITI in reserves. $0 reserves required.

 

CFCFS1749: Additional documented income not used in qualifying

- Clayton Comments: Borrower has a documented history of OT income that was not used

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score 819, guideline 620

                                                                           
350   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Both borrowers have been on the job for several years

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 80% LTV is below the 95% program maximum

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 762 credit score is above the 620 program minimum

                                                                           
30   XXXXXX   XXXXXX   CA   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: Borrowers credit usage score is 7.16%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrower min score is 798 guideline min score is 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI is 40.58 with guideline DTI max 45% per deal sheet


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
31   XXXXXX   XXXXXX   MN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying credit score 739 exceeds 620 minimum FICO

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: 62 months of PITI ($3850.10) reserves verified, documented assets $240531.33

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV 80% below maximum 95%

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Borrowers credit usage 7.42%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Calculated DTI 31.86% less than maximum 45%

                                                                           
31   XXXXXX   XXXXXX   MN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying credit score 739 exceeds 620 minimum FICO

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: 62 months of PITI ($3850.10) reserves verified, documented assets $240531.33

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV 80% below maximum 95%

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Borrowers credit usage 7.42%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Calculated DTI 31.86% less than maximum 45%

                                                                           
33   XXXXXX   XXXXXX   ID   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: 16.1 years at current/departing residence.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 48.93% DTI below 51% per AUS.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 734 score exceeds minimum 620 score.

                                                                           
33   XXXXXX   XXXXXX   ID   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: 16.1 years at current/departing residence.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 48.93% DTI below 51% per AUS.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 734 score exceeds minimum 620 score.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
34   XXXXXX   XXXXXX   NJ   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: Minimal usage of available revolving credit lines @ 11.11%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 777 mid score > min required of 620.

                                                                           
35   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   A   C   B   D   B   C   A   D   A   C   B   Compliance   Right of
Rescission
  Satisfied   C   B   C   B   CMPROR2330   ROR -
Disbursement
date is before
end of
statutory
rescission
period
  No   ROR signed
XXX with
expiration
date of XXX,
final CD
disbursement
date is XXX.
Disbursement
Date is
before end of
statutory
rescission
period.
  3.27.2026
- PCCD
and Final
ALTA
with DD
XXX
received.
  3.27.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 40.77% is lower than max allowed 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 735 exceeds minimum FICO of 620.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 34.62% is lower than max allowed 80%.

                                                                           
35   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   A   C   B   D   B   C   A   D   A   C   B   Credit   Title   Satisfied   C   A   C   A   CRDTIL875   Title Does
Not Agree
With
Mortgage
  No   Final title
supplement
for
commitment
provided
dated XXX
states loan
coverage of
$XXX. Note
amount
closed at
$XXX.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 40.77% is lower than max allowed 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 735 exceeds minimum FICO of 620.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 34.62% is lower than max allowed 80%.

                                                                           
35   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   A   C   B   D   B   C   A   D   A   C   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   LCA or CU
score is >
2.5; Clayton
to order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 40.77% is lower than max allowed 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 735 exceeds minimum FICO of 620.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 34.62% is lower than max allowed 80%.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
37   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan
approved
with PIW;
Clayton to
order
BPO.
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 19.53% is below 45% threshold.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 794 exceeds minimum 620

                                                                           
37   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
Approved,
Clayton to
order
BPO.
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 19.53% is below 45% threshold.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 794 exceeds minimum 620

                                                                           
37   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Value   Satisfied   C   A   C   B   PRVAVALU5249   Property
Value Not
Supported
  No   3/25/2026:
Exception
added
after
review of
trailing
docs:
Received
BPO not
supporting
value.
Clayton to
order next
level
review.
  4/6/2026:
Received
Report
2055 Ext
only
supporting
value.
  4/6/2026:
Exception
satisfied.
  Not
Applicable
  Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 19.53% is below 45% threshold.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 794 exceeds minimum 620

                                                                           
437   XXXXXX   XXXXXX   IL   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   Insurance   Satisfied   D   A   D   A   CRDINSR848   Missing
Hazard
Insurance
  No   Missing
evidence
of master
condo
insurance.
  3/27/2026:
Received
Condo
HOI dec
page.
  3/27/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1749: Additional documented income not used in qualifying

- Clayton Comments: $2,195.10 in monthly bonus income for primary borrower

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: >14 years on job for primary.

                                                                           
439   XXXXXX   XXXXXX   CA   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
is >2.5.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Maximum debt ratio is 45%. Verified debt ratio is 29.24%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $267,463.36 or 43 months of PITI.Required PITI reserves $0.00

 

CFCFS1749: Additional documented income not used in qualifying

- Clayton Comments: Documented rental income of $5,670.3 not used to offset investment property ownership.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Minimum FICO is 620. Approved FICO is 809.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
42   XXXXXX   XXXXXX   UT   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 8.6%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $93,498.05 / 31.18 months PITIA. No reserves required.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have72 months mortgage payment history 0x30.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 775 mid score > min required of 620

                                                                           
42   XXXXXX   XXXXXX   UT   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 8.6%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $93,498.05 / 31.18 months PITIA. No reserves required.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have72 months mortgage payment history 0x30.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 775 mid score > min required of 620

                                                                           
43   XXXXXX   XXXXXX   TX   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
document
is
missing,
Clayton
to order
desk
review
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Mortgage history good with no derogatory events

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score 714/minimum is 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI is 44.48/ maximum is 50%

                                                                           
44   XXXXXX   XXXXXX   TX   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   No LCA
score.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 39.08% DTI with a 50% max allowed per guides.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 734 score exceeds 620 minimum.

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 9.3 years time in residence.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
442   XXXXXX   XXXXXX   AR   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   C   B   A   A   D   A   D   A   C   A   A   A   Credit   Credit/
Mtg
History
  Satisfied   D   A   D   A   CRDCRMH149   Missing
support docs
for VOM/
VOR (e.g.
cancelled
checks)
  No   Missing
verification
of HOA dues
for subject
property in
the
anticipated
amount of
$37.50/month
  3/27/2026:
HOA docs
received
are for
REO on
XXX.
Need
subject
HOA.
Clayton
verified
$450
annual
HOA on
XXX.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: No lates reporting in full credit history back from 2/25/10.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $18,789.07 (5.33 months PITIA reserves) > min required of $0

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 766 exceeds minimum required 620.

                                                                           
442   XXXXXX   XXXXXX   AR   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   C   B   A   A   D   A   D   A   C   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: No lates reporting in full credit history back from 2/25/10.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $18,789.07 (5.33 months PITIA reserves) > min required of $0

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 766 exceeds minimum required 620.

                                                                           
47   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
approved
PIW. Clayton
to order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 809 mid score > min required of 620.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 84%Minimal usage of available revolving credit lines @ 3.48%

                                                                           
47   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW. Clayton
to order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 809 mid score > min required of 620.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 84%Minimal usage of available revolving credit lines @ 3.48%

                                                                           
443   XXXXXX   XXXXXX   NV   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   B   B   D   A   C   A   D   B   B   B   D   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   $5335.08
Zero
tolerance due
increase in
Discount
points from
$6938.80 to
$11476.08
without a
valid COC.
Requires
CoC, or
corrected
PCCD, copy
of refund
check, LOX
and
verification
of shipping.
  3.27.2026
-COCs
provided
  3.27.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have 26 months mortgage payment history 0x30.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 78.25%; guidelines allow 80%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $10,083.92 / 3.83 months PITIA > min required of $0.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 5.50%


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
443   XXXXXX   XXXXXX   NV   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   B   B   D   A   C   A   D   B   B   B   D   A   C   A   Credit   Terms/
Guidelines
  Active   B   B   B   B   CRDTER3122   Loan
documents
do not meet
guideline
requirements
  No   Missing
letter of
explanation
for credit
report
inquiries
on
10/8/2025
with XXX.
Additional
conditions
may apply.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have 26 months mortgage payment history 0x30.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 78.25%; guidelines allow 80%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $10,083.92 / 3.83 months PITIA > min required of $0.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 5.50%

                                                                           
443   XXXXXX   XXXXXX   NV   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   B   B   D   A   C   A   D   B   B   B   D   A   C   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   No UCDP
provided.
Clayton to
order Desk
Review.
  3/27/2026:
received
CDA
supporting
value.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have 26 months mortgage payment history 0x30.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 78.25%; guidelines allow 80%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $10,083.92 / 3.83 months PITIA > min required of $0.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 5.50%

                                                                           
49   XXXXXX   XXXXXX   CA   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
was not
provided in
the file.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: $85,933.90 verified reserves when $0 are required.

 

CFCFS2854: Significant time in profession

- Clayton Comments: 17+ years time on job.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 707 score exceeds 620 minimum.

                                                                           
53   XXXXXX   XXXXXX   UT   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
PIW
approved,
Clayton to
order BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 30.20% DTI with a 43% max allowed.

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 19 yrs 10 months in current residence.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 704 score exceeds 620 minimum.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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   UT   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 30.20% DTI with a 43% max allowed.

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 19 yrs 10 months in current residence.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 704 score exceeds 620 minimum.

                                                                           
444   XXXXXX   XXXXXX   NM   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Property
Valuations
  Appraisal   Satisfied   A   A   A   A   PRVAAPPR3116   Missing
updated
valuation
  No   No
UCDP.
Clayton
to order
Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 705 mid score > min required of 620

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Co-Borrower has been in current Job for over 8 years

                                                                           
55   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 24.74% is below guideline maximum 50% upon AUS approval.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 789 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 76.11%; guidelines allow 80%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $24,265.59 / 5.81 months PITIA > min required of $0.

                                                                           
55   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 24.74% is below guideline maximum 50% upon AUS approval.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 789 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 76.11%; guidelines allow 80%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $24,265.59 / 5.81 months PITIA > min required of $0.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
59   XXXXXX   XXXXXX   DE   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/27/2026:
Received
BPO
supporting
value.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 625 exceeds minimum credit score of 620.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 since October 2017.

 

CFCFS2860: Good credit history

- Clayton Comments: No late payment report in credit history starting August 2010.

                                                                           
59   XXXXXX   XXXXXX   DE   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/27/2026:
Received
BPO
supporting
value.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 625 exceeds minimum credit score of 620.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 since October 2017.

 

CFCFS2860: Good credit history

- Clayton Comments: No late payment report in credit history starting August 2010.

                                                                           
60   XXXXXX   XXXXXX   NJ   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   No
UCDP
provided.
Clayton
to order
desk
review..
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $93,744.65 or 19.07 PITI. No reserves required.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 791 > min required score of 620.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 112 months > max permitted of 0 X 30 X 12 months

                                                                           
66   XXXXXX   XXXXXX   TX   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 not
provided.
Clayton
to order
desk
review
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 4.04%

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrower has12 months mortgage payment history 0x30.

 

CFCFS1749: Additional documented income not used in qualifying

- Clayton Comments: Borrower has other documented income we are not using for qualifying. It is labeled XXX on the paystub. The written VOE shows it has been received for the last 2 years. Comp. factor only.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in same profession for 26+ years.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
67   XXXXXX   XXXXXX   CT   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 11+ years on current job

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: The borrowers qualifying credit score is 778, the minimum is 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 11.51%

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrower has33 months mortgage payment history 0x30.

                                                                           
67   XXXXXX   XXXXXX   CT   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 11+ years on current job

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: The borrowers qualifying credit score is 778, the minimum is 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 11.51%

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrower has33 months mortgage payment history 0x30.

                                                                           
69   XXXXXX   XXXXXX   CO   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   No UCDP.
Clayton to
order Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $218,205.43 or 39.49 months PITIA > min required of $0.00

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 768 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 5.73%

                                                                           
71   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   C   A   D   A   D   A   D   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   No
Confirmation
of Reciept of
Initial CD
Dated XXX at
least 3 days
prior to
Consummation
Date XXX.
Please provide
Confirmation
of Receipt of
Initial CD.
  3.27.2026
-ICD
received
  3.27.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Credit report reflects no late mortgage payments

 

CFCFS2860: Good credit history

- Clayton Comments: Borrowers have no derogatory events reflecting on credit report

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 18% is within maximum allowable guideline limit


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
71   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   C   A   D   A   D   A   D   A   C   A   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   C   A   C   A   CMPTRID3626   TRID - CD:
Loan
consummated
before end of
waiting period
  No   No
Confirmation
of Reciept of
Initial CD
Dated XXX at
least 3 days
prior to
Consummation
Date XXX.
Please provide
Confirmation
of Receipt of
Initial CD.
  3.27.2026 -
ICD
received
  3.27.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Credit report reflects no late mortgage payments

 

CFCFS2860: Good credit history

- Clayton Comments: Borrowers have no derogatory events reflecting on credit report

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 18% is within maximum allowable guideline limit

                                                                           
71   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   C   A   D   A   D   A   D   A   C   A   Credit   Assets   Satisfied   D   A   D   A   CRDAST2670   Asset
documentation
is insufficient
per guideline
requirements
  No   Provide fully
executed Final
ALTA for sale
of previous
residence to
verify funds
noted on Final
1003 to cover
funds to close
for this
transaction.
  3/27/2026:
Received
Final ALTA
showing
$196,143.49
net
proceeds to
Title for this
transaction.
Left
original
estimated in
system. All
parameters
met.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Credit report reflects no late mortgage payments

 

CFCFS2860: Good credit history

- Clayton Comments: Borrowers have no derogatory events reflecting on credit report

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 18% is within maximum allowable guideline limit

                                                                           
71   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   C   A   D   A   D   A   D   A   C   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
approved PIW.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Credit report reflects no late mortgage payments

 

CFCFS2860: Good credit history

- Clayton Comments: Borrowers have no derogatory events reflecting on credit report

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 18% is within maximum allowable guideline limit

                                                                           
71   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   C   A   D   A   D   A   D   A   C   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved PIW.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Credit report reflects no late mortgage payments

 

CFCFS2860: Good credit history

- Clayton Comments: Borrowers have no derogatory events reflecting on credit report

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 18% is within maximum allowable guideline limit

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
72   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   B   B   D   B   A   A   D   A   B   B   Compliance   RESPA   Active   B   B   B   B   CMPRESPA2698   RESPA -
List of
homeowners
counseling
organizations
not in file
  No   List of
homeowners
counseling
organizations
not in file
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score is 707/minimum 620

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Mortgage payment history is good with no derogatory events

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 73.92%/maximum 90%

                                                                           
72   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Clayton to
order Desk
Review. CU
score is >2.5
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score is 707/minimum 620

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Mortgage payment history is good with no derogatory events

 

CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 73.92%/maximum 90%

                                                                           
446   XXXXXX   XXXXXX   ID   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is PIW
approved,
Clayton to
order BPO.
  3/25/2026:
Received
BPO
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 759 mid score > min required of 620

 

CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 32 months.

                                                                           
446   XXXXXX   XXXXXX   ID   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is PIW
approved,
Clayton to
order BPO.
  3/25/2026:
Received
BPO
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 759 mid score > min required of 620

 

CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 32 months.

                                                                           
76   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   Property
Valuations
  Appraisal   Active   D   D   D   D   PRVAAPPR3116   Missing
updated
valuation
  Yes   Third party
valuation not
provided.
Clayton to
order desk
review.
  3/25/2026:
Received
CDA not
supporting
value.
Clayton to
order next
level
review.
  3/25/2026:
Exception
remains.
  (No
Data)
  Not
Applicable
 

CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 7 years with current employer.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 761 fico exceeds minimum 620

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30 no mortgage lates

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 5 years with current employer.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
76   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   Property
Valuations
  Value   Active   C   C   C   C   PRVAVALU5249   Property
Value Not
Supported
  Yes   3/25/2026:
Exception
fired after
review of
trailing
docs:
Received
CDA not
supporting
value.
Clayton to
order next
level
review.
  (No Data)   (No Data)   Not
Applicable
  Not
Applicable
 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 7 years with current employer.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 761 fico exceeds minimum 620

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30 no mortgage lates

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 5 years with current employer.

                                                                           
77   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
  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: Verified DTI 24.53 is below guideline maximum of 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified Credit Score 763 exceeds guidelines of 620

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Verified 0x30 days late in the past 12 months

                                                                           
82   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
approved
PIW.
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $29,453.36 or 8.18 months of P&I (or PITI if required)Required P&I (or PITI if required) Reserves are $29,453.36 x 0 months required = $ 29,453.36

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Co-Borrower has significant time at current job with the start date of 1994, she has been in this job for 27 years.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has significant time at current job with 27 years and 5 months.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 74.213%; guidelines allow 80%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 748 FICO score. Minimum required 620.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
82   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $29,453.36 or 8.18 months of P&I (or PITI if required)Required P&I (or PITI if required) Reserves are $29,453.36 x 0 months required = $ 29,453.36

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Co-Borrower has significant time at current job with the start date of 1994, XXX has been in this job for 27 years.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has significant time at current job with 27 years and 5 months.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 74.213%; guidelines allow 80%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 748 FICO score. Minimum required 620.

                                                                           
448   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   A   A   D   A   D   A   D   A   A   A   D   A   D   A   Compliance   APR
Tolerance
  Satisfied   B   A   B   A   CMPAPRT110   APR -
Insufficient
Information
for APR-
Payment
Stream
Testing
  No   Unable to
complete
APR
testing due
to missing
MI Cert
  3/27/2026:
Received
MI cert.
AQuto-
satisfied
after entry
  3/27/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: B1 has been employed since 2003 with same employer

 

CFCFS1750: High potential for increased earnings

- Clayton Comments: B2 works but XXX income was not considered in this loan approval

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 744 credit score exceeds minimum of 620

                                                                           
448   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   A   A   D   A   D   A   D   A   A   A   D   A   D   A   Compliance   Documentation   Satisfied   C   A   C   A   CMPDOC5455   Mortgage
Insurance
required
but MI
Certificate
is missing
  No   Missing
MI cert
  3/27/2026:
Received
MI cert.
  3/27/2026:
Exception
satisfied.
  Not
Applicable
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: B1 has been employed since 2003 with same employer

 

CFCFS1750: High potential for increased earnings

- Clayton Comments: B2 works but her income was not considered in this loan approval

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 744 credit score exceeds minimum of 620

                                                                           
448   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   A   A   D   A   D   A   D   A   A   A   D   A   D   A   Compliance   Right of
Rescission
  Satisfied   D   A   D   A   CMPROR5345   ROR -
Missing or
Incomplete
Right of
Rescission
form
  No   ROR is
incomplete
due to
being
Unsigned
  3.27.2026
-Signed
ROR
provided
  3.27.2026
-
Exception
satisfied
  (No Data)   Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: B1 has been employed since 2003 with same employer

 

CFCFS1750: High potential for increased earnings

- Clayton Comments: B2 works but XXX income was not considered in this loan approval

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 744 credit score exceeds minimum of 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
448   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   A   A   D   A   D   A   D   A   A   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   No
UCDP.
Clayton
to order
Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: B1 has been employed since 2003 with same employer

 

CFCFS1750: High potential for increased earnings

- Clayton Comments: B2 works but XXX income was not considered in this loan approval

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 744 credit score exceeds minimum of 620

                                                                           
386   XXXXXX   XXXXXX   SC   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   APR
Tolerance
  Satisfied   B   A   B   A   CMPAPRT110   APR -
Insufficient
Information
for APR-
Payment
Stream
Testing
  No   Unable
to
calculate
correct
APR due
to
missing
MI Cert.
  3/27/2026:
Received
MI cert.
  3/27/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 36.85%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 28.46% is below guideline maximum 50% upon AUS approval.

 

CFCFS1746: Significant housing expense reduction

- Clayton Comments: Housing payment decrease of 10%.

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 7+ years at present job

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 mid score > min required of 620

                                                                           
386   XXXXXX   XXXXXX   SC   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   Documentation   Satisfied   C   A   C   A   CMPDOC5455   Mortgage
Insurance
required
but MI
Certificate
is missing
  No   Missing
evidence
of MI
coverage
of 25%
or 12%
custom
MI
coverage.
LTV is >
80%.
  3/27/2026:
Received
MI cert.
  3/27/2026:
Exception
satisfied.
  Not
Applicable
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 36.85%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 28.46% is below guideline maximum 50% upon AUS approval.

 

CFCFS1746: Significant housing expense reduction

- Clayton Comments: Housing payment decrease of 10%.

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 7+ years at present job

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 mid score > min required of 620

                                                                           
386   XXXXXX   XXXXXX   SC   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   No
UCDP
provided.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 36.85%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 28.46% is below guideline maximum 50% upon AUS approval.

 

CFCFS1746: Significant housing expense reduction

- Clayton Comments: Housing payment decrease of 10%.

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 7+ years at present job

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 mid score > min required of 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
88   XXXXXX   XXXXXX   NV   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: Borrowers DTI 30% is below guideline maximum 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 773 mid score > min required of 620

                                                                           
347   XXXXXX   XXXXXX   SC   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 is
>2.5.
Clayton to
order
deskreview.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $4,376,357.98 or 808.04 months of PITIA 0 months required

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have82 months mortgage payment history 0x30.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 769 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 22.09% is below guideline maximum 50%.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 60%; guidelines allow 90%.

                                                                           
92   XXXXXX   XXXXXX   AZ   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   APR
Tolerance
  Satisfied   B   A   B   A   CMPAPRT110   APR —
Insufficient
Information
for APR-
Payment
Stream
Testing
  No   Missing MI
Cert, no MI
Certificate
to use for
payment
stream
calculation.
  3/27/2026:
Received
MI Cert.
  3/27/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 793 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 12.73%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 20.69% is below guideline maximum 45%.

                                                                           
92   XXXXXX   XXXXXX   AZ   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   Documentation   Satisfied   C   A   C   A   CMPDOC5455   Mortgage
Insurance
required
but MI
Certificate
is missing
  No   Missing MI
Certificate.
  3/27/2026:
Received
MI Cert.
  3/27/2026:
Exception
satisfied.
  Not
Applicable
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 793 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 12.73%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 20.69% is below guideline maximum 45%.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
92   XXXXXX   XXXXXX   AZ   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   No
UCDP.
Clayton
to order
Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 793 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 12.73%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 20.69% is below guideline maximum 45%.

                                                                           
449   XXXXXX   XXXXXX   OK   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 799 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 63.34%; guidelines allow 80%.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in same profession for 27 years.

                                                                           
449   XXXXXX   XXXXXX   OK   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 799 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 63.34%; guidelines allow 80%.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in same profession for 27 years.

                                                                           
97   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   D   A   D   A   A   A   D   A   D   A   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   D   A   D   A   CMPTRID4579   TRID —
CD:
Missing
Initial CD
  No   Per
Document
Package
Audit
Report,
the Initial
CD dated
XXX was
sent out to
borrowers
but it is
not in the
file.
Provide
missing
initial CD
dated
XXX.
  3.27.2026
— ICD
received
  3.27.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrower credit score of 723 exceeds min of 620.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $36,186.45 or 21.18 months of PITI. No required reserves.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in XXX profession for 13 years.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Borrowers LTV of 80% is below the max allowed of 95%.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
97   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   D   A   D   A   A   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrower credit score of 723 exceeds min of 620.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $36,186.45 or 21.18 months of PITI. No required reserves.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in XXX profession for 13 years.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Borrowers LTV of 80% is below the max allowed of 95%.

                                                                           
97   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   D   A   D   A   A   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrower credit score of 723 exceeds min of 620.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $36,186.45 or 21.18 months of PITI. No required reserves.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in XXX profession for 13 years.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Borrowers LTV of 80% is below the max allowed of 95%.

                                                                           
99   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Missing
updated
valuation.
LCA score
was not
provided.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Borrower 1 has been in the same profession for 20 years.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 701 mid sore > min required of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Qualifying DTI (Back) of 28.25% is 16.75% below the 45% allowed.

                                                                           
99   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  FEMA   Active   B   B   B   B   PRVAFEMA856   Natural
Disaster
Area, no
subsequent
inspection
(Public)
  No   Level 2:
FEMA
Declaration
for XXX
XXX and
appraisal
date XXX.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Borrower 1 has been in the same profession for 20 years.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 701 mid sore > min required of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Qualifying DTI (Back) of 28.25% is 16.75% below the 45% allowed.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
100   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   D   A   D   A   C   A   D   A   D   A   D   A   C   A   Compliance   APR
Tolerance
  Satisfied   B   A   B   A   CMPAPRT110   APR —
Insufficient
Information
for APR-
Payment
Stream
Testing
  No   MI Cert
missing
from file
  3/27/2026:
Received
MI Cert.
Auto-
satisfied
after info
entered.
  3/27/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: credit utilization is 12%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrs mid score 777 exceeds min required score

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Oldest trade over 232 months, 21 active trades

                                                                           
100   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   D   A   D   A   C   A   D   A   D   A   D   A   C   A   Compliance   Documentation   Satisfied   C   A   C   A   CMPDOC5455   Mortgage
Insurance
required
but MI
Certificate
is missing
  No   Provide MI
Cert.
  3/27/2026:
Received
MI Cert.
  3/27/2026:
Exception
satisfied.
  Not
Applicable
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: credit utilization is 12%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrs mid score 777 exceeds min required score

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Oldest trade over 232 months, 21 active trades

                                                                           
100   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   D   A   D   A   C   A   D   A   D   A   D   A   C   A   Credit   Terms/
Guidelines
  Satisfied   D   A   D   A   CRDTER2548   Missing
AUS or
AUS errors
present
  No   Provide
latest AUS
to show
85.64%
LTV and
requirement
for MI. DU
#3 in the
file shows
74% LTV.
  3/27/2026:
Received
DU #4 A/
E at 86%
LTV.
  3/27/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: credit utilization is 12%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrs mid score 777 exceeds min required score

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Oldest trade over 232 months, 21 active trades

                                                                           
100   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   D   A   D   A   C   A   D   A   D   A   D   A   C   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   No UCDP.
Clayton to
order Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: credit utilization is 12%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrs mid score 777 exceeds min required score

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Oldest trade over 232 months, 21 active trades

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
101   XXXXXX   XXXXXX   KS   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 38.21%, guideline 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 753 exceeds guideline of 620

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 25 months mortgage payment history reflects all payments made on time

                                                                           
101   XXXXXX   XXXXXX   KS   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 38.21%, guideline 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 753 exceeds guideline of 620

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 25 months mortgage payment history reflects all payments made on time

                                                                           
102   XXXXXX   XXXXXX   TX   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
not
provided.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 761 Credit score > 620 required score

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 18 years -Borrower has significant time at current job

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 10 years 6 months — Significant time at current residence

                                                                           
103   XXXXXX   XXXXXX   AZ   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
is >2.5.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: $1,542,301.27 verified from one investment account with no reserves required.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Revolving credit usage at 1% per CR.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Good mortgage pay history with 1x30 since 2007 per CR. One late in 11/2023.

                                                                           
106   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   AUS
PIW
approved
loan,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Borrower has 3 trade lines open with balances. credit usage ratio is .56%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 814 exceeds minimum of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 25% is below the max DTI 45% limit

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
106   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Borrower has 3 trade lines open with balances. credit usage ratio is .56%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 814 exceeds minimum of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 25% is below the max DTI 45% limit

                                                                           
107   XXXXXX   XXXXXX   TX   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   No
UCDP.
Clayton
to order
Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $90,517.28 > reserves required $4,706

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 24.8% is below guideline maximum 45%.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 80%; guidelines allow 90%.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrower has 0x30 for 36 months.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 1.27%

 

CFCFS2860: Good credit history

- Clayton Comments: Borrower has 0x30 for 86 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 790 mid score > min required of 620

                                                                           
111   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 739 mid score > Minimum FICO is 620.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Minimum FICO is 620; Clients FICO is 739

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 13.63% is below guideline maximum 45%.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have96 months mortgage payment history 0x30.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
111   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 739 mid score > Minimum FICO is 620.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Minimum FICO is 620; Clients FICO is 739

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 13.63% is below guideline maximum 45%.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have96 months mortgage payment history 0x30.

                                                                           
112   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 74.56%; guidelines allow 97%.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 18.02%

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: Borrowers have120 months mortgage payment history 0x30.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 714 mid score > min required of 620

                                                                           
112   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 74.56%; guidelines allow 97%.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 18.02%

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: Borrowers have120 months mortgage payment history 0x30.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 714 mid score > min required of 620

                                                                           
113   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score is 749/minimum 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI is 35.88%/maximum 50%

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 78.61%/maximum 90%

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
113   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score is 749/minimum 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI is 35.88%/maximum 50%

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 78.61%/maximum 90%

                                                                           
114   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 36.80% is below guideline maximum 50%.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 3.59%

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have82 months mortgage payment history 0x30.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 770 mid score > min required of 620

                                                                           
114   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan
approve
PIW,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 36.80% is below guideline maximum 50%.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 3.59%

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have82 months mortgage payment history 0x30.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 770 mid score > min required of 620

                                                                           
451   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
Received
BPO
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 757 mid score > min required of 620

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have82 months mortgage payment history 0x30.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 60.58%; guidelines allow 80%.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
451   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order
BPO.
  3/25/2026:
Received
BPO
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 757 mid score > min required of 620

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have82 months mortgage payment history 0x30.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 60.58%; guidelines allow 80%.

                                                                           
452   XXXXXX   XXXXXX   RI   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   Missing
updated
valuation.
LCA
score not
provided.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: 10 years at primary residence.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have59 months mortgage payment history 0x30.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 700 mid score > min required of 620.

                                                                           
115   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
XXX and
Property
Data
Report
approved
by LP.
Clayton to
order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 718 exceeds minimum FICO of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 79% is below the 95% max allowed on rate refis.

 

CFCFS1750: High potential for increased earnings

- Clayton Comments: B1 income is $1,889.43 more than the LP accepted income amount of $5,323.23. Loan was qualified with the lower income from the XXX report dated 12/24/2025.

                                                                           
115   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
Approved.
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 718 exceeds minimum FICO of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 79% is below the 95% max allowed on rate refis.

CFCFS1750: High potential for increased earnings

- Clayton Comments: B1 income is $1,889.43 more than the LP accepted income amount of $5,323.23. Loan was qualified with the lower income from the XXX report dated 12/24/2025.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
454   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   C   A   D   B   A   A   D   B   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   $1074.36
zero
tolerance
due to
increase in
Discount
Points
from
$1176 to
$1074.36
without a
valid CoC.
Only cure
in file was
$25 for
increase in
Appraisal
fees.
Requires
CoC, or
corrected
PCCD,
copy of
refund
check,
LOX and
verification
of
shipping.
  3.30.2026 —
COCs
provided
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 742 mid score > min required of 620

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in same profession for 20 years.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 13.99%

                                                                           
454   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   C   A   D   B   A   A   D   B   C   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   LCA score
not
provided.
Clayton to
order desk
review
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 742 mid score > min required of 620

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in same profession for 20 years.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 13.99%

                                                                           
454   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   C   A   D   B   A   A   D   B   C   A   Property
Valuations
  FEMA   Waived   B   B   B   B   PRVAFEMA856   Natural
Disaster Area,
no subsequent
inspection
(Public)
  No   FEMA
declaration
XXX for
XXX and
appraisal
date XXX
  3/16/2026:
Client
acknowledges
Level 2
exception.
  3/16/2026:
Waived
non-
material.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 742 mid score > min required of 620

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in same profession for 20 years.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 13.99%

                                                                           
119   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 77.91%; guidelines allow 80%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrower min credit score of 723 > minimum FICO of 620.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 84 months.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrower DTI < max DTI of 45%.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
455   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   PIW
Approved
Loan.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: co-Borrower has over 8 years at current job.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has over 6 years at current job.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: the borrowers have minimal use of credit.

                                                                           
455   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   PIW
Approved
Loan.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: co-Borrower has over 8 years at current job.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has over 6 years at current job.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: the borrowers have minimal use of credit.

                                                                           
121   XXXXXX   XXXXXX   OK   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: 711 mid score > min required of 620.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 75%; guidelines allow 80%.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrower DTI of 31.22% is below guideline maximum of 45%.

                                                                           
355   XXXXXX   XXXXXX   CA   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   No
UCDP.
Clayton
to order
Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 771 median FICO. Minimum required 620.

                                                                           
122   XXXXXX   XXXXXX   OK   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   C   A   A   D   C   A   A   D   C   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 141 months > max permitted of 0 X 30 X 12 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 791 > min required score of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 24.46% DTI < min required of 50%

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
122   XXXXXX   XXXXXX   OK   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   C   A   A   D   C   A   A   D   C   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order
BPO.
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 141 months > max permitted of 0 X 30 X 12 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 791 > min required score of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 24.46% DTI < min required of 50%

                                                                           
122   XXXXXX   XXXXXX   OK   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   C   A   A   D   C   A   A   D   C   A   A   Property
Valuations
  Value   Active   C   C   C   C   PRVAVALU5249   Property
Value Not
Supported
  Yes   3/25/2026:
Exception
added
after
review of
trailing
docs:
Received
BPO not
supporting
value.
Clayton to
order next
level
review.
  (No Data)   (No Data)   Not
Applicable
  Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 141 months > max permitted of 0 X 30 X 12 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 791 > min required score of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 24.46% DTI < min required of 50%

                                                                           
123   XXXXXX   XXXXXX   AZ   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
> 2.5.
Clayton to
order
Desk
Review
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 773 fico exceeds 620 minimum

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 27.168% DTI below 45% max allowable

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30 no mortgage lates

                                                                           
456   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order BPO
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $20,366.67 / 4.76 months PITIA, DU required no reserves.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrowers’ credit score is 786 greater then the minimum required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 4.01%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 22.45% is below guideline maximum 45%.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
456   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton to
order BPO.
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $20,366.67 / 4.76 months PITIA, DU required no reserves.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrowers’ credit score is 786 greater then the minimum required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 4.01%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 22.45% is below guideline maximum 45%.

                                                                           
456   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Value   Satisfied   C   A   C   B   PRVAVALU5249   Property
Value Not
Supported
  No   3/25/2026:
Exception
added after
review of
trailing
docs:
Received
BPO not
supporting
value.
Clayton to
order next
level
review.
  4/2/2026:
Received
Ext 2055
report
supporting
value.
  4/2/2026:
Exception
satisfied.
  Not
Applicable
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $20,366.67 / 4.76 months PITIA, DU required no reserves.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrowers’ credit score is 786 greater then the minimum required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 4.01%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 22.45% is below guideline maximum 45%.

                                                                           
126   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Compliance   Right of
Rescission
  Active   B   B   B   B   CMPROR1909   Incorrect
ROR
Form
Used —
H8 Form
Used in
Refinance
With
Original
Creditor
  No   Regulation
Z designates
the H9
rescission
form as the
form
designed for
same lender
refinance
transactions;
for this loan
the lender is
using the
H8 form.
Regulation
Z has
language
allowing the
use of a
substantially
similar
notice.
Claytons
view has
been that an
H8 protects
the lender
and
assignee to
at least the
same extent
as an H9,
but Clayton
recognized
that one
could think
that the
mere
existence of
the H9 takes
away the
substantially
similar
notice
argument.
The
majority of
U.S. Circuit
Courts that
have opined
on the issue
have upheld
the use of
an H8 in a
same-lender
refinance;
therefore,
Clayton
grades the
use of an
H8 form in
a same-
lender
refinance as
a level 2/B-
Non
Material
Condition in
those
Circuits that
have not
decided on
this issue.
  (No Data)   (No Data)   (No Data)   Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 67% LTV is below the 95% LTV max for a rate refi

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 35.09% is less than the program 43% maximum

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 766 exceeds program minimum of 620

                                                                           
126   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 67% LTV is below the 95% LTV max for a rate refi

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 35.09% is less than the program 43% maximum

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 766 exceeds program minimum of 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
126   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 67% LTV is below the 95% LTV max for a rate refi

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 35.09% is less than the program 43% maximum

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 766 exceeds program minimum of 620

                                                                           
457   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in same profession for 21 years.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 728 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 28.14% is below guideline maximum 45%.

                                                                           
127   XXXXXX   XXXXXX   GA   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
not
established.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 X 50 months > max permitted of 0 X 30 X 24 months.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 250 months > max permitted of 12 X 30 X xx months

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 771 > min required score of 620.

                                                                           
128   XXXXXX   XXXXXX   PA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   PIW
approved
loan.
Clayton to
order a
BPO
  3/30/2026:
Received
BPO
supporting
value.
  3/30/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $24,052.19 (5.45 months PITIA reserves) > min required reserves of $0

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: Borrower does not have any major mortgage related occurrences during the past two years on any of the 4 mortgages reporting on credit

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 10 years — B2 -has significant time at current job, B1 has 10 years in the same field

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 809 credit scored / 620 required

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
128   XXXXXX   XXXXXX   PA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/30/2026:
Received
BPO
supporting
value.
  3/30/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $24,052.19 (5.45 months PITIA reserves) > min required reserves of $0

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: Borrower does not have any major mortgage related occurrences during the past two years on any of the 4 mortgages reporting on credit

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 10 years — B2 -has significant time at current job, B1 has 10 years in the same field

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 809 credit scored / 620 required

                                                                           
129   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 778 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 27.31% is below the guideline maximum of 45%.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 76.12%; guidelines allow 80%.

                                                                           
129   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 778 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 27.31% is below the guideline maximum of 45%.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 76.12%; guidelines allow 80%.

                                                                           
131   XXXXXX   XXXXXX   OR   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 37.45%, Max 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score 704, min. FICO is 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
131   XXXXXX   XXXXXX   OR   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan
approved
with
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 37.45%, Max 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score 704, min. FICO is 620

                                                                           
132   XXXXXX   XXXXXX   WA   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   No
UCDP
provided.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 734 fico exceeds minimum 620

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Over 5 years with current employer.

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

                                                                           
459   XXXXXX   XXXXXX   OR   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan
approved
by AUS
with
PIW.
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower 1 has significant time is profession.

 

CFCFS2860: Good credit history

- Clayton Comments: Consumer debt: 0x30 x > 99 months

                                                                           
459   XXXXXX   XXXXXX   OR   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower 1 has significant time is profession.

 

CFCFS2860: Good credit history

- Clayton Comments: Consumer debt: 0x30 x > 99 months

                                                                           
133   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   A   A   C   B   A   A   C   A   A   A   C   A   A   A   Property
Valuations
  Appraisal   Satisfied   A   A   A   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 48 months.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have25 months mortgage payment history 0x30.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $8898 / 3.78 months PITIA > min required of $0.00.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 4.36%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 35.57% is below guideline maximum 45%.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
133   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   A   A   C   B   A   A   C   A   A   A   C   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan
approved
with
PIW.
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 48 months.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have25 months mortgage payment history 0x30.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $8898 / 3.78 months PITIA > min required of $0.00.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 4.36%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 35.57% is below guideline maximum 45%.

                                                                           
461   XXXXXX   XXXXXX   OR   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Borrower has $53,614.38/14.11 PITI. No reserves requirement.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 783 is 163 points above minimum program requirement of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 18.26% DTI < maximum permitted of 45%

                                                                           
461   XXXXXX   XXXXXX   OR   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Borrower has $53,614.38/14.11 PITI. No reserves requirement.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 783 is 163 points above minimum program requirement of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 18.26% DTI < maximum permitted of 45%

                                                                           
462   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   CU score
is >2.5.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 765 mid score > min required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $31,082.88 or 5.99 months reserves, 0 reserves required

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 7.02%

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
462   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  FEMA   Waived   B   B   B   B   PRVAFEMA856   Natural
Disaster Area,
no subsequent
inspection
(Public)
  No   FEMA
Declaration
date XXX -
XXX and
appraisal date
XXX. PDI to
be ordered by
Clayton.
  3/15/2026:
Client
acknowledges
Level 2
exception.
  3/15/2026:
Waived
non-
material.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 765 mid score > min required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $31,082.88 or 5.99 months reserves, 0 reserves required

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 7.02%

                                                                           
463   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   Compliance   Right of
Rescission
  Satisfied   D   A   D   A   CMPROR5345   ROR —
Missing or
Incomplete
Right of
Rescission
form
  No   The ROR’s in
file were not
executed by
borrower or
non borrower.
  3.30.2026 —
ROR for all
borrowers
received.
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 776 exceeds program minimum of 620.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0 x 30 in 11 payments on mortgage being paid off.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 80% is below the 95% max allowed on rate refinance loans.

                                                                           
463   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   Credit   Application   Satisfied   D   A   D   A   CRDAPP3822   Missing or
incomplete
documentation
related to
citizenship/
residency
  No   Missing
residency
documentation.
Passport XXX
. XXX shows
employer as
XXX. H1B
valid
10/4/2025 —
9/30/2028 and
is not for the
borrower.
Borrower
employer is
shown as XXX
XXX. Need
H1B for XXX.
  4/6/2026:
Received
I797A for
borrower.
Valid H1B
3/25/2025-
12/29/2027
with current
employer.
  4/6/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 776 exceeds program minimum of 620.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0 x 30 in 11 payments on mortgage being paid off.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 80% is below the 95% max allowed on rate refinance loans.

                                                                           
463   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   LCA score is
>2.5. Clayton
to order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 776 exceeds program minimum of 620.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0 x 30 in 11 payments on mortgage being paid off.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 80% is below the 95% max allowed on rate refinance loans.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
134   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   C   A   A   D   C   A   A   D   C   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order
BPO.
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30 in all mortgage history reporting back to January 2022.

 

CFCFS2860: Good credit history

- Clayton Comments: No late payments reporting in credit history since January 2003.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 736 exceeds minimum FICO of 620.

                                                                           
134   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   C   A   A   D   C   A   A   D   C   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved.
Clayton to
order
BPO.
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30 in all mortgage history reporting back to January 2022.

 

CFCFS2860: Good credit history

- Clayton Comments: No late payments reporting in credit history since January 2003.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 736 exceeds minimum FICO of 620.

                                                                           
134   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   C   A   A   D   C   A   A   D   C   A   A   Property
Valuations
  Value   Active   C   C   C   C   PRVAVALU5249   Property
Value Not
Supported
  Yes   3/25/2026:
Exception
added
after
review of
trailing
docs:
Received
BPO not
supporting
value.
Clayton to
order next
level
review.
  4/6/2026:
received
Report
2055 Ext
only not
supporting
value.
Lender
will need
to order a
full
appraisal.
  4/6/2026:
Exception
remains.
  Not
Applicable
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30 in all mortgage history reporting back to January 2022.

 

CFCFS2860: Good credit history

- Clayton Comments: No late payments reporting in credit history since January 2003.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 736 exceeds minimum FICO of 620.

                                                                           
136   XXXXXX   XXXXXX   MN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 15+ years at present job

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 760 mid score > min required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $21,720 / 6.21 months PITIA > min required of $0.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
136   XXXXXX   XXXXXX   MN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 15+ years at present job

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 760 mid score > min required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $21,720 / 6.21 months PITIA > min required of $0.

                                                                           
140   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: $128,384.55 verified reserves with $65,028.48 required per AUS.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 754 score exceeds 620 minimum.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Revolving usage at 11% per CR.

                                                                           
140   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: $128,384.55 verified reserves with $65,028.48 required per AUS.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 754 score exceeds 620 minimum.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Revolving usage at 11% per CR.

                                                                           
141   XXXXXX   XXXXXX   NV   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   A   A   C   B   A   A   C   A   A   A   C   A   A   A   Property
Valuations
  Appraisal   Satisfied   A   A   A   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved.
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have31 months mortgage payment history 0x30

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 24.39% is below guideline maximum 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 737 mid score > min required of 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
141   XXXXXX   XXXXXX   NV   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   A   A   C   B   A   A   C   A   A   A   C   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Missing
updated
valuation.
Loan is
PIW
approved.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have31 months mortgage payment history 0x30

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 24.39% is below guideline maximum 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 737 mid score > min required of 620

                                                                           
143   XXXXXX   XXXXXX   NV   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: 40 years noted in profession.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: ASSETS: $30,050.04 reserves verified with $884.46 required to close per AUS.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 798 score exceeds 620 minimum.

                                                                           
143   XXXXXX   XXXXXX   NV   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: 40 years noted in profession.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: ASSETS: $30,050.04 reserves verified with $884.46 required to close per AUS.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 798 score exceeds 620 minimum.

                                                                           
468   XXXXXX   XXXXXX   MD   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Low DTI 32.98%

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LOW LTV 76.96%. Max allowed 90%.

                                                                           
468   XXXXXX   XXXXXX   MD   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Low DTI 32.98%

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LOW LTV 76.96%. Max allowed 90%.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
144   XXXXXX   XXXXXX   MT   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 170 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 777 mid score > min required of 620

 

CFCFS2860: Good credit history

- Clayton Comments: Borrower has good credit, score 777.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 79%; guidelines allow 90%.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 15.30%

                                                                           
144   XXXXXX   XXXXXX   MT   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 170 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 777 mid score > min required of 620

 

CFCFS2860: Good credit history

- Clayton Comments: Borrower has good credit, score 777.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 79%; guidelines allow 90%.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 15.30%

                                                                           
145   XXXXXX   XXXXXX   MN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   D   A   D   A   D   A   D   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
current
YTD
paystub
as
required
per AUS
findings.
(VVOE
and W2s
are in the
file).
  3/27/2026:
Received
12/19/2025
paystub.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Max DTI is 45% , loan DTI is 43.8%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 805 credit score exceeds 620 required

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 1.010% revolving credit utilization

                                                                           
145   XXXXXX   XXXXXX   MN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   D   A   D   A   D   A   D   A   D   A   Credit   Income/
Employment
  Satisfied   D   A   D   A   CRDINC2408   Income
verification
does not
meet
guidelines
  No   Missing
current
YTD
paystub
as
required
per AUS
findings.
(VVOE
and W2s
are in the
file).
  3/27/2026:
Received
12/19/2025
paystub.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Max DTI is 45% , loan DTI is 43.8%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 805 credit score exceeds 620 required

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 1.010% revolving credit utilization

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
145   XXXXXX   XXXXXX   MN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   D   A   D   A   D   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan
approved
with PIW-
Clayton to
order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Max DTI is 45% , loan DTI is 43.8%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 805 credit score exceeds 620 required

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 1.010% revolving credit utilization

                                                                           
145   XXXXXX   XXXXXX   MN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   D   A   D   A   D   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan
approved
with PIW-
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Max DTI is 45% , loan DTI is 43.8%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 805 credit score exceeds 620 required

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 1.010% revolving credit utilization

                                                                           
148   XXXXXX   XXXXXX   AL   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   No
UCDP.
Clayton to
order
Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score 706, minimum FICO is 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $12,745.02 or 6 months PITIA in reserves. $0 reserves required.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with current employer over 6 years

                                                                           
382   XXXXXX   XXXXXX   MI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Compliance   State
Consumer
Protection
  Active   B   B   B   B   CMPSTCP4383   MI Home
Loan - No
Evidence
that
Michigan
Home
Loan
Toolkit
was
delivered
to the
borrower
  No   Missing
Home
Loan
Disclosure
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 62.49; guidelines allow 80%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 788 mid score > min required of 620

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 3 + years at present job

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
382   XXXXXX   XXXXXX   MI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   PIW
approved
loan.
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 62.49; guidelines allow 80%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 788 mid score > min required of 620

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 3 + years at present job

                                                                           
382   XXXXXX   XXXXXX   MI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 62.49; guidelines allow 80%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 788 mid score > min required of 620

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 3 + years at present job

                                                                           
150   XXXXXX   XXXXXX   GA   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   Missing
LCA
score.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: One revolving card in use per CR.

 

CFCFS2854: Significant time in profession

- Clayton Comments: 25 years time in profession.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 27.03% DTI with a 43% max allowed.

                                                                           
151   XXXXXX   XXXXXX   NC   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   No
UCDP.
Clayton
to order
Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: Both borrowers have significant time in profession B1-14 years and B2 - 15 years

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI is 16/36 - below guideline requirement

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score 738 exceeds guidelines 680

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
476   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   C   B   D   B   A   A   D   A   C   B   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   C   B   C   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   Zero
Tolerance
fee or
fees
increased
at or prior
to closing
without a
valid
reason.
On the
Initial LE
XXX the
XXX was
$1040.00.
Increased
on Final
CD XXX
to
$1269.50,
for an
increased
of
$229.50,
no COC
was
provided.
  3.30.2026
- Cure
provided
via LOX,
PCCD,
check for
$229.50
and proof
of
delivery
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 756 mid score > min required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $92,514 / 24 months PITIA > min required of $0.00.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have62 months mortgage payment history 0x30.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 20.48% is below guideline maximum 45%.

                                                                           
476   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   C   B   D   B   A   A   D   A   C   B   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
PIW
approved.
Clayton
to order
BPO,
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 756 mid score > min required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $92,514 / 24 months PITIA > min required of $0.00.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have62 months mortgage payment history 0x30.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 20.48% is below guideline maximum 45%.

                                                                           
476   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   C   B   D   B   A   A   D   A   C   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved.
Clayton
to order
BPO,
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 756 mid score > min required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $92,514 / 24 months PITIA > min required of $0.00.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have62 months mortgage payment history 0x30.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 20.48% is below guideline maximum 45%.

                                                                           
478   XXXXXX   XXXXXX   CA   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   APR
Tolerance
  Satisfied   B   A   B   A   CMPAPRT110   APR -
Insufficient
Information
for APR-
Payment
Stream
Testing
  No   Missing
MI cert.
  3/27/2026:
Received
MI Cert.
auto-
satisfied
after info
entered.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 19.73% is below guideline maximum 50%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 799 mid score > min required of 620

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have19 months mortgage payment history 0x30.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
478   XXXXXX   XXXXXX   CA   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   Documentation   Satisfied   C   A   C   A   CMPDOC5455   Mortgage
Insurance
required
but MI
Certificate
is missing
  No   Missing MI
Cert.
  3/27/2026:
Received
MI Cert.
  3/27/2026:
Exception
satisfied.
  Not
Applicable
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 19.73% is below guideline maximum 50%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 799 mid score > min required of 620

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have19 months mortgage payment history 0x30.

                                                                           
478   XXXXXX   XXXXXX   CA   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   No UCDP.
Clayton to
order Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 19.73% is below guideline maximum 50%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 799 mid score > min required of 620

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have19 months mortgage payment history 0x30.

                                                                           
479   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   B   B   D   B   A   A   D   A   B   B   Compliance   Right of
Rescission
  Active   B   B   B   B   CMPROR1909   Incorrect
ROR
Form
Used - H8
Form
Used in
Refinance
With
Original
Creditor
  No   Lender used
H8 ROR
form for a
lender to
lender
refinance.
Regulation
Z designates
the H9
rescission
form as the
form
designed for
same lender
refinance
transactions;
for this loan
the lender is
using the
H8 form.
Regulation
Z has
language
allowing the
use of a
substantially
similar
notice.
Claytons
view has
been that an
H8 protects
the lender
and
assignee to
at least the
same extent
as an H9,
but Clayton
recognized
that one
could think
that the
mere
existence of
the H9 takes
away the
substantially
similar
notice
argument.
The
majority of
U.S. Circuit
Courts that
have opined
on the issue
have upheld
the use of
an H8 in a
same-lender
refinance;
therefore,
Clayton
grades the
use of an
H8 form in
a same-
lender
refinance as
a level B
condition-
Non
Material
exception.
  (No Data)   (No Data)   (No Data)   Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 8 years with current employer.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 21.753% DTI is below the 45% threshold.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 66.798% LTV is below the 95% maximum allowable.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 715 exceeds minimum 620 fico

                                                                           
479   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   No UCDP
in file/no
LCA score
provided.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 8 years with current employer.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 21.753% DTI is below the 45% threshold.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 66.798% LTV is below the 95% maximum allowable.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 715 exceeds minimum 620 fico

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
483   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   C   A   D   A   C   A   D   A   C   A   Compliance   APR
Tolerance
  Satisfied   B   A   B   A   CMPAPRT110   APR -
Insufficient
Information
for APR-
Payment
Stream
Testing
  No   Missing
required
MI cert
  3/27/2026:
Received
MI cert.
  3/27/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $113,769.81 or 21 months of PITI $5,225.39. LP required no reserves.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 778 exceeds 620 guideline minimum.

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: Mortgage history 0 x 30 since 2016.

                                                                           
483   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   C   A   D   A   C   A   D   A   C   A   Compliance   Documentation   Satisfied   C   A   C   A   CMPDOC5455   Mortgage
Insurance
required
but MI
Certificate
is missing
  No   Missing
evidence
of 12%
mortgage
insurance
coverage
due to
80.02%
LTV.
  3/27/2026:
Received
MI cert.
  3/27/2026:
Exception
satisfied.
  Not
Applicable
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $113,769.81 or 21 months of PITI $5,225.39. LP required no reserves.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 778 exceeds 620 guideline minimum.

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: Mortgage history 0 x 30 since 2016.

                                                                           
483   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   C   A   D   A   C   A   D   A   C   A   Credit   Credit/Mtg
History
  Satisfied   C   A   C   A   CRDCRMH1805   Debts/
obligations
not
disclosed/
accounted
for at
origination
  No   XXX
XXX from
7/2021
#XXX
high credit
$115,200
balance
$62,303
with
$1,985
payment is
tied to
subject on
initial
application
and later
not tied to
a property
but
included
in debts.
The
property
this
mortgage
is tied to is
not
disclosed.
LP #5 has
the debt as
omitted.
  4/6/2026:
Received
docs to
shows
REO on
XXX was
sold
1/5/2026.
  4/6/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $113,769.81 or 21 months of PITI $5,225.39. LP required no reserves.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 778 exceeds 620 guideline minimum.

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: Mortgage history 0 x 30 since 2016.

                                                                           
483   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   C   A   D   A   C   A   D   A   C   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Missing
updated
valuation.
LCA score
not
provided.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $113,769.81 or 21 months of PITI $5,225.39. LP required no reserves.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 778 exceeds 620 guideline minimum.

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: Mortgage history 0 x 30 since 2016.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
485   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
approved
with PIW;
Clayton to
order a
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified cash reserves exceed guidelines / $696,978/ $4631.42 = 150months of reserves

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 763 Credit score exceeds guidelines score 720

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 20 % DTI below guideline requirement of 43%

                                                                           
485   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan
approved
with PIW.
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified cash reserves exceed guidelines / $696,978/ $4631.42 = 150months of reserves

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 763 Credit score exceeds guidelines score 720

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 20 % DTI below guideline requirement of 43%

                                                                           
384   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   PIW
approved
loan.
Clayton to
order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1749: Additional documented income not used in qualifying

- Clayton Comments: B1 has overtime income not used to qualify. Comp. factor only

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 23.6% is below 45%

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 23.52% revolving credit utilization

                                                                           
384   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1749: Additional documented income not used in qualifying

- Clayton Comments: B1 has overtime income not used to qualify. Comp. factor only

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 23.6% is below 45%

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 23.52% revolving credit utilization

                                                                           
486   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
Approved,
Clayton to
order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: Both applicants have excellent credit history with no major derogs

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: No lates on mortgage since inception

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Minimum Fico 620. Borrower’s fico is 770

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI is significantly below guidelines at 23.49/26.59% with a max DTI of 45%

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
486   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
Approved,
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: Both applicants have excellent credit history with no major derogs

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: No lates on mortgage since inception

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Minimum Fico 620. Borrower’s fico is 770

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI is significantly below guidelines at 23.49/26.59% with a max DTI of 45%

                                                                           
375   XXXXXX   XXXXXX   NM   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved.
Clayton to
order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 36.06% DTI < maximum permitted of 45%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $344,240.94 (12.84 months PITIA reserves) > min required reserves of $0.00

 

CFCFS2860: Good credit history

- Clayton Comments: Borrower has great credit

                                                                           
375   XXXXXX   XXXXXX   NM   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved.
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 36.06% DTI < maximum permitted of 45%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $344,240.94 (12.84 months PITIA reserves) > min required reserves of $0.00

 

CFCFS2860: Good credit history

- Clayton Comments: Borrower has great credit

                                                                           
154   XXXXXX   XXXXXX   NJ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 36.31% is below guideline maximum 50%

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: Borrowers have27 months mortgage payment history 0x30

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: 807 mid score > min required of 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
154   XXXXXX   XXXXXX   NJ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 36.31% is below guideline maximum 50%

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: Borrowers have27 months mortgage payment history 0x30

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: 807 mid score > min required of 620

                                                                           
488   XXXXXX   XXXXXX   OK   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 24.70% is below guideline maximum 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 801 mid score > min required of 620

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 12+ years at present job

                                                                           
488   XXXXXX   XXXXXX   OK   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 24.70% is below guideline maximum 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 801 mid score > min required of 620

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 12+ years at present job

                                                                           
388   XXXXXX   XXXXXX   PA   QM:
Safe
Harbor
  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   No
UCDP.
Clayton
to order
Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: Borrowers are not heavy credit users.

 

CFCFS1750: High potential for increased earnings

- Clayton Comments: Primary borrower has potential for higher earnings given his position and industry of employment which is IT.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
491   XXXXXX   XXXXXX   NC   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   No
UCDP.
Clayton
to order
Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 33.43% is below guideline maximum 45%.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 130 months.

 

CFCFS2860: Good credit history

- Clayton Comments: 772 mid score > min required of 620

                                                                           
492   XXXXXX   XXXXXX   KS   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Borrower has $39,793.53/15.89 PITI. Reserves are not required.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 25.35% DTI < maximum permitted of 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 819 is 199 points above minimum program requirement of 620.

                                                                           
492   XXXXXX   XXXXXX   KS   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Borrower has $39,793.53/15.89 PITI. Reserves are not required.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 25.35% DTI < maximum permitted of 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 819 is 199 points above minimum program requirement of 620.

                                                                           
494   XXXXXX   XXXXXX   TN   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   No LCA
score/
UCDP in
the file.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 39.684% DTI is below 45% threshold.

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 23 years 11 months in current residence.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 801 fico exceeds minimum 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
374   XXXXXX   XXXXXX   OK   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   C   A   A   D   C   A   A   D   C   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan
approved
with PIW.
Clayton to
order
BPO.
  3/31/2026:
Received
BPO not
supporting
value.
  3/31/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 779 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit usage ratio of 9.58%.

 

CFCFS2854: Significant time in profession

- Clayton Comments: B1- XXX has significant time in profession of 30 years.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI is 17% Max DTI is 45%, unless AUS approves higher.

                                                                           
374   XXXXXX   XXXXXX   OK   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   C   A   A   D   C   A   A   D   C   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan
approved
with PIW.
Clayton to
order
BPO.
  3/31/2026:
Received
BPO not
supporting
value.
  3/31/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 779 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit usage ratio of 9.58%.

 

CFCFS2854: Significant time in profession

- Clayton Comments: B1- XXX has significant time in profession of 30 years.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI is 17% Max DTI is 45%, unless AUS approves higher.

                                                                           
374   XXXXXX   XXXXXX   OK   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   C   A   A   D   C   A   A   D   C   A   A   Property
Valuations
  Value   Active   C   C   C   C   PRVAVALU5249   Property
Value Not
Supported
  Yes   3/31/2026:
Exception
added
after
review of
trailing
docs:
Received
BPO not
supporting
value.
Clayton to
order next
level
review.
  (No Data)   (No Data)   Not
Applicable
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 779 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit usage ratio of 9.58%.

 

CFCFS2854: Significant time in profession

- Clayton Comments: B1- XXX has significant time in profession of 30 years.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI is 17% Max DTI is 45%, unless AUS approves higher.

                                                                           
497   XXXXXX   XXXXXX   ID   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 X 44 months > max permitted of 0 X 30 X 12 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 774 > min required score of 620.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 124 months > max permitted of 0 X 30 X 12 months

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
497   XXXXXX   XXXXXX   ID   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 X 44 months > max permitted of 0 X 30 X 12 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 774 > min required score of 620.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 124 months > max permitted of 0 X 30 X 12 months

                                                                           
340   XXXXXX   XXXXXX   NH   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   A   A   D   A   C   A   D   A   A   A   Credit   Assets   Satisfied   C   A   C   A   CRDAST205   Insufficient
Funds to
Close
  No   Per Post
CD XXX,
borrowers
are
required
to have
$3,614.75
funds to
close.
Final CD
showed
$1,683.25
cash back.
Provide
asset
statements
to verify
funds to
close are
covered.
  4/2/2026:
Received
another
updated
PCCD
showing
lender
credit to
offset
updated
fees. Cash
back is
$0.25.
  4/2/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 0.00%

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have29 months mortgage payment history 0x30.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 74.93%; guidelines allow 90%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 796 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 33% is below guideline maximum 45%.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for143 months.

                                                                           
340   XXXXXX   XXXXXX   NH   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   A   A   D   A   C   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
PIW
approved,
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 0.00%

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have29 months mortgage payment history 0x30.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 74.93%; guidelines allow 90%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 796 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 33% is below guideline maximum 45%.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for143 months.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
340   XXXXXX   XXXXXX   NH   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   A   A   D   A   C   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 0.00%

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have29 months mortgage payment history 0x30.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 74.93%; guidelines allow 90%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 796 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 33% is below guideline maximum 45%.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for143 months.

                                                                           
499   XXXXXX   XXXXXX   GA   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   No
UCDP.
Clayton
to order
Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 727 exceeds minimum FICO of 620.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 60.48% is less than max allowed 80%.

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Per written VOE, employed with current company since 1/28/19.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: 1 late payment reporting in history since March 1992.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 30.80% is lower than max allowed 45%.

                                                                           
500   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $519,349.02 (105.29 months PITIA reserves) > min required reserves of $0

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 775 mid score > min required of 620

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt: 0x30 x greater than 99 months

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Max DTI is 45%. Approved DTI is 40.87%.

                                                                           
500   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $519,349.02 (105.29 months PITIA reserves) > min required reserves of $0

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 775 mid score > min required of 620

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt: 0x30 x greater than 99 months

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Max DTI is 45%. Approved DTI is 40.87%.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
501   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved.
Clayton to
order
BPO.
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 30.539% DTI below 45% threshold.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 790 fico exceeds 620 minimum

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 13.5 years with current employer.

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

                                                                           
501   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order
BPO.
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 30.539% DTI below 45% threshold.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 790 fico exceeds 620 minimum

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 13.5 years with current employer.

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

                                                                           
501   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Value   Satisfied   C   A   C   B   PRVAVALU5249   Property
Value Not
Supported
  No   3/25/2026:
Exception
added
after
review of
trailing
docs:
Received
BPO not
supporting
value.
Clayton to
order next
level
review.
  4/2/2026:
Received
Ext 2055
report
supporting
value.
  4/2/2026:
Exception
satisfied.
  Not
Applicable
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 30.539% DTI below 45% threshold.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 790 fico exceeds 620 minimum

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 13.5 years with current employer.

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

                                                                           
502   XXXXXX   XXXXXX   OH   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with current employer > 24 years 11 months

 

CFCFS2860: Good credit history

- Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #62 months

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median credit scores 809 exceeds minimum of 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
502   XXXXXX   XXXXXX   OH   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is PIW
approved,
Clayton to
order BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with current employer > 24 years 11 months

 

CFCFS2860: Good credit history

- Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #62 months

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median credit scores 809 exceeds minimum of 620

                                                                           
155   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   A   A   D   A   D   A   D   A   A   A   D   A   D   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   Loan
declared QM
Safe Harbor
(APOR)
from lender/
client;
Clayton
status : Non-
QM: Lender
documented
all ATR UW
factors due to
fees too high
(adjusted
charges are
$11,979.75,
max allowed
is $8,484.91;
$3,494.84
too high).
  3.30.2026 -
Undiscounted
rate provided
and rate lock
form
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 734 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 21.54%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 31.99% is below guideline maximum 45%.

                                                                           
155   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   A   A   D   A   D   A   D   A   A   A   D   A   D   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 is:
Non-QM:
Lender
documented
all ATR UW
factors due to
fees too high
(adjusted
charges are
$11,979.75,
max allowed
is $8,484.91;
$3,494.84
too high).
  3.30.2026 -
Undiscounted
rate provided
and rate lock
form
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 734 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 21.54%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 31.99% is below guideline maximum 45%.

                                                                           
155   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   A   A   D   A   D   A   D   A   A   A   D   A   D   A   Compliance   Compliance
Manual
  Satisfied   D   A   D   A   CMPMAN2956   Missing
disclosure
  No   A document
provided in
file reflects
additional
Loan
Estimates on
XXX, XXX,
XXX and
XXX. These
Loan
Estimates
were not
provided to
review.
There is also
a XXX Post
Close
Closing
Disclosure
listed. This
Closure
Disclosure
was not
provided for
review. No
Change of
Circumstance
documents
were
provided.
  3.30.2026 -
Missing
COCs and
LEs provided
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 734 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 21.54%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 31.99% is below guideline maximum 45%.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
155   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   A   A   D   A   D   A   D   A   A   A   D   A   D   A   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   C   A   C   A   CMPTRID3640   TRID -
CD: Zero
tolerance
fee or fees
increased
at or prior
to closing
without a
valid
reason or
the revised
LE/CD
was not
timely
disclosed;
insufficient
credit or
refund
provided
  No   Zero
Tolerance Fee
of $772.69
due to $83.40
Credit Report
fee and
$689.29 HOA
Certification
Handling fee
increased
from LE to
CD. Missing
a valid
Change of
Circumstance,
or Post Close
CD, LOX and
copy of
refund check
to borrower.
Client
provided
credit for
excess fees
charged of
$635.51 but
the diff is
$137.17
  3.30.2026
- Missing
COCs and
LEs
provided
  3.30.2026
-
Exception
satisfied
  Numeric   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 734 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 21.54%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 31.99% is below guideline maximum 45%.

                                                                           
155   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   A   A   D   A   D   A   D   A   A   A   D   A   D   A   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   D   A   D   A   CMPTRID3642   TRID -
Corrected
Closing
Disclosure
required
with zero
tolerance
fee refund,
but not
provided
  No   please
provide
correct
closing
disclosure
required for
zero tolerance
fees
  3.30.2026
-Missing
COCs and
disclosures
provided
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 734 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 21.54%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 31.99% is below guideline maximum 45%.

                                                                           
155   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   A   A   D   A   D   A   D   A   A   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   CU score is >
2.5. Clayton
to order desk
review
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 734 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 21.54%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 31.99% is below guideline maximum 45%.

                                                                           
158   XXXXXX   XXXXXX   PA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan
approved with
PIW. Clayton
to order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $16,738.77 / 5.30 months PITIA > DU min required of $0.00.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 23.41% is below guideline maximum 45%.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 2.81%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 795 mid score > min required of 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
158   XXXXXX   XXXXXX   PA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan
approved with
PIW. Clayton
to order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $16,738.77 / 5.30 months PITIA > DU min required of $0.00.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 23.41% is below guideline maximum 45%.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 2.81%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 795 mid score > min required of 620

                                                                           
166   XXXXXX   XXXXXX   FL   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   Please provide
evidence that
borrower
acknowledged
receipt of CD
XXX, 3 days
prior to
consummation
date of XXX
  4.2.2026 -
Disclosure
tracking
provided
  4.2.2026 -
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 700 credit score; 620 minimum required FICO.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Credit reflects oldest tradeline date 7/2008, reporting 0x30.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has 14.25 years in the same profession.

                                                                           
339   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   D   A   D   A   C   A   D   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 the
rental
documentation
for all 3 rental
properties in
order to
calculate and
use rental
income on the
investment
properties
owned.
  3/27/2026:
received
2024
1040s and
lease
agreements
for two
REOs.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrower credit score of 783 exceeds min 620 requirement.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower 2 has been in profession for over 47 years.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Borrower LTV of 79.99% is less than the max allowed of 95%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $13,002.36 or 2.26 months of PITIA, no reserves are required.

                                                                           
339   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   D   A   D   A   C   A   D   A   D   A   Credit   Income/
Employment
  Satisfied   C   A   C   A   CRDINC888   Income
Amount is
Unsupported
by
Documentation
in File
  No   Missing the
rental
documentation
for all 3 rental
properties in
order to
calculate and
use rental
income on the
investment
properties
owned.
  3/27/2026:
received
2024
1040s and
lease
agreements
for two
REOs.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrower credit score of 783 exceeds min 620 requirement.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower 2 has been in profession for over 47 years.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Borrower LTV of 79.99% is less than the max allowed of 95%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $13,002.36 or 2.26 months of PITIA, no reserves are required.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
339   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   D   A   D   A   C   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrower credit score of 783 exceeds min 620 requirement.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower 2 has been in profession for over 47 years.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Borrower LTV of 79.99% is less than the max allowed of 95%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $13,002.36 or 2.26 months of PITIA, no reserves are required.

                                                                           
339   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   D   A   D   A   C   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan
approved
with PIW.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Borrower credit score of 783 exceeds min 620 requirement.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower 2 has been in profession for over 47 years.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Borrower LTV of 79.99% is less than the max allowed of 95%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $13,002.36 or 2.26 months of PITIA, no reserves are required.

                                                                           
168   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 60.36%; guidelines allow 80%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 708 mid score > min required of 620

                                                                           
170   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   D   A   D   A   C   A   D   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
most recent
1040
income tax
return or
lease
agreement
for rental
income
calculations
for non-
subject
properties
  3/31/2026:
Received
2024
1040s Sch
E.
  3/31/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 62.99%; guidelines allow 80%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $57,096 / 11 months PITIA > min required of $0

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 767mid score > min required of 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
170   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   D   A   D   A   C   A   D   A   D   A   Compliance   Compliance
Manual
  Satisfied   D   A   D   A   CMPMAN2956   Missing
disclosure
  No   There is a
timing and
change of
circumstance
review
document in
file that
reflects a
XXX Loan
Estimate that
was not
included in
the file. Also,
there is a
XXX COC in
the file but no
corresponding
LE or CD.
The next
disclosure
provided is
the XXX CD.
  3.30.2026
- Missing
LEs
provided
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 62.99%; guidelines allow 80%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $57,096 / 11 months PITIA > min required of $0

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 767mid score > min required of 620

                                                                           
170   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   D   A   D   A   C   A   D   A   D   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
due to $600
appraisal
increased
from LE to
CD. Missing
a valid
Change of
Circumstance,
or Post Close
CD, LOX and
copy of
refund check
to borrower
  3.30.2026
- COC
provided
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 62.99%; guidelines allow 80%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $57,096 / 11 months PITIA > min required of $0

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 767mid score > min required of 620

                                                                           
170   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   D   A   D   A   C   A   D   A   D   A   Credit   Income/
Employment
  Satisfied   C   A   C   A   CRDINC888   Income
Amount is
Unsupported
by
Documentation
in File
  No   Missing most
recent 1040
income tax
return or lease
agreement for
rental income
calculations
for non-
subject
properties
  3/31/2026:
Received
2024
1040s Sch
E.
  3/31/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 62.99%; guidelines allow 80%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $57,096 / 11 months PITIA > min required of $0

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 767mid score > min required of 620

                                                                           
170   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   D   A   D   A   C   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   CU score is
>2.5. Clayton
to order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 62.99%; guidelines allow 80%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $57,096 / 11 months PITIA > min required of $0

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 767mid score > min required of 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
172   XXXXXX   XXXXXX   ID   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   Insurance   Satisfied   D   A   D   A   CRDINSR848   Missing
Hazard
Insurance
  No   Missing
hazard
insurance
policy
declarations
page
  3/27/2026:
Received RCE.
Still need HOI
dec
page.3/31/2026:
Received HOI
Dec Page.
  3/27/2026:
Exception
remains.3/31/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been at the same job since 10/08/1992.

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: Borrower does not have any mortgage lates within the past two years.

                                                                           
506   XXXXXX   XXXXXX   CA   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   Right of
Rescission
  Active   B   B   B   B   CMPROR1909   Incorrect
ROR
Form
Used —
H8 Form
Used in
Refinance
With
Original
Creditor
  No   Regulation
Z designates
the H9
rescission
form as the
form
designed for
same lender
refinance
transactions;
for this loan
the lender is
using the
H8 form.
Regulation
Z has
language
allowing the
use of a
substantially
similar
notice.
Claytons
view has
been that an
H8 protects
the lender
and
assignee to
at least the
same extent
as an H9,
but Clayton
recognized
that one
could think
that the
mere
existence of
the H9 takes
away the
substantially
similar
notice
argument.
The
majority of
U.S. Circuit
Courts that
have opined
on the issue
have upheld
the use of
an H8 in a
same-lender
refinance;
therefore,
Clayton
grades the
use of an
H8 form in
a same-
lender
refinance as
a level 2/B-
Non
Material
exception in
those
Circuits that
have not
decided on
this issue.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 787 mid score > min required of 620.

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 20+ years at present job

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 36.78% is below guideline maximum 45%.

                                                                           
176   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 13.45% is below the guideline maximum of 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 801 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 78.60%; guidelines allow 95%.

                                                                           
176   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 13.45% is below the guideline maximum of 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 801 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 78.60%; guidelines allow 95%.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
177   XXXXXX   XXXXXX   AZ   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: 810 mid score > min required of 620

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Co Borrower has been in same profession for 29 years.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified reserves of $2,085.83. Reserves required = $0.00

                                                                           
178   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan
approved
with
PIW.
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified credit 811. Minimum required 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Calculated DTI is 27.35% Max DTI is 45%

 

CFCFS1749: Additional documented income not used in qualifying

- Clayton Comments: $2365.49 additional retirement income, after grossing up, not used to qualify

                                                                           
178   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified credit 811. Minimum required 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Calculated DTI is 27.35% Max DTI is 45%

 

CFCFS1749: Additional documented income not used in qualifying

- Clayton Comments: $2365.49 additional retirement income, after grossing up, not used to qualify

                                                                           
179   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   D   D   D   A   A   C   C   D   D   D   D   A   A   C   C   Compliance   Right of
Rescission
  Active   C   C   C   C   CMPROR2330   ROR —
Disbursement
date is before
end of
statutory
rescission
period
  Yes   System
date
calculated
to XXX
as
statutory
rescission
period
based on
notary
date on
DOT
being
incorrect
showing
XXX
instead of
XXX.
ROR is
dated
XXX,
expired
XXX.
Funds
disbursed
XXX.
Can
remove
when
corrected
Notary is
received.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have40 months mortgage payment history 0x30.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 725 mid score > min required of 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
179   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   D   D   D   A   A   C   C   D   D   D   D   A   A   C   C   Credit   Legal
Documents
  Active   D   D   D   D   CRDLGL100   Legal
document
incorrect
or
incomplete
  Yes   Notary date on
DOT is
incorrect.
Dated XXX
instead of
XXX.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have40 months mortgage payment history 0x30.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 725 mid score > min required of 620

                                                                           
181   XXXXXX   XXXXXX   MA   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   Borrower’s
Interest
  Active   B   B   B   B   CMPBI1623   MA
Borrower
Interest;
Worksheet
missing
  No   Missing MA
Borrower
Interest
worksheet
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 735 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 36.51 % is below guideline maximum 45%.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 3+ years at present job

                                                                           
183   XXXXXX   XXXXXX   MI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Verified 59.29% LTV. Max allowed 95%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 806 median FICO. Min required 620.

                                                                           
183   XXXXXX   XXXXXX   MI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved PIW.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Verified 59.29% LTV. Max allowed 95%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 806 median FICO. Min required 620.

                                                                           
342   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
  ATR/
QM:
Status
Pending
  D   D   D   D   C   C   D   D   D   D   D   D   C   C   D   D   Compliance   Ability to
Repay/
Qualified
Mortgage
  Active   D   D   D   D   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.
  Yes   Missing YTD
pay stub from
new employer,
required per LP
findings, to
support income
of
$15,833.34/mo.
  3/27/2026:
Received
VVOE.
This was
in the
original
file. Still
need
paystub.
Job started
prior to
Note Date.
  3/27/2026:
Exception
remains.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Representative credit score of 791 > min requirement of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $3,188.95 (0.77 months PITIA reserves) > min required reserves of $0.00

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 11% revolving credit utilization

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
342   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
  ATR/
QM:
Status
Pending
  D   D   D   D   C   C   D   D   D   D   D   D   C   C   D   D   Credit   Income/
Employment
  Active   D   D   D   D   CRDINC2408   Income
verification
does not
meet
guidelines
  Yes   Missing YTD
pay stub from
new employer,
required per LP
findings, to
support income
of
$15,833.34/mo.
  3/27/2026:
Received
VVOE. This
was in the
original file.
Still need
paystub. Job
started prior to
Note Date.
  3/27/2026:
Exception
remains.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Representative credit score of 791 > min requirement of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $3,188.95 (0.77 months PITIA reserves) > min required reserves of $0.00

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 11% revolving credit utilization

                                                                           
342   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
  ATR/
QM:
Status
Pending
  D   D   D   D   C   C   D   D   D   D   D   D   C   C   D   D   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   PIW approved
loan. Clayton
to order BPO
  3/25/2026:
BPO provided
does not
support
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Representative credit score of 791 > min requirement of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $3,188.95 (0.77 months PITIA reserves) > min required reserves of $0.00

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 11% revolving credit utilization

                                                                           
342   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
  ATR/
QM:
Status
Pending
  D   D   D   D   C   C   D   D   D   D   D   D   C   C   D   D   Property
Valuations
  Value   Active   C   C   C   C   PRVAVALU5249   Property
Value Not
Supported
  Yes   PIW approved
loan. Clayton
to order BPO
  3/25/2026:
BPO provided
does not
support
appraised
value.4/6/2026:
Received Ext
only 2055
report not
supporting
value. Lender
will need to
order a full
appraisal.
  3/25/2026:
Exception
remains.4/6/2026:
Exception
remains.
  Not
Applicable
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Representative credit score of 791 > min requirement of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $3,188.95 (0.77 months PITIA reserves) > min required reserves of $0.00

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 11% revolving credit utilization

                                                                           
508   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   D   A   D   A   D   A   D   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 most
recent business
returns with all
pages and
schedules for
B1.
  3/27/2026:
Received 2024
business rtns.
Income
verified. DTI is
now 40.47%,
lower than
lender 43%.
  3/27/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 62.42%/maximum 90%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 43.00%/maximum 50%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score is 749/maximum 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
508   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   D   A   D   A   D   A   D   A   D   A   Credit   Income/
Employment
  Satisfied   D   A   D   A   CRDINC3204   Income
Documentation
Missing
  No   Provide
most
recent
business
returns
with all
pages and
schedules
for B1.
  3/27/2026:
Received
2024
business
rtns.
Income
verified.
DTI is
now
40.47%,
lower than
lender
43%.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 62.42%/maximum 90%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 43.00%/maximum 50%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score is 749/maximum 620

                                                                           
508   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   D   A   D   A   D   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver (PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 62.42%/maximum 90%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 43.00%/maximum 50%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score is 749/maximum 620

                                                                           
508   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   D   A   D   A   D   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 62.42%/maximum 90%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 43.00%/maximum 50%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score is 749/maximum 620

                                                                           
186   XXXXXX   XXXXXX   OH   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver (PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified cash reserves of $14629.67 exceeds AUS requirement of $0.00

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 733 exceeds guideline minimum of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Verified DTI 26.79 is below guideline of 45%

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
186   XXXXXX   XXXXXX   OH   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified cash reserves of $14629.67 exceeds AUS requirement of $0.00

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 733 exceeds guideline minimum of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Verified DTI 26.79 is below guideline of 45%

                                                                           
509   XXXXXX   XXXXXX   SD   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
> 2.5.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 77.38%; guidelines allow 90%.

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: Borrowers have96 months mortgage payment history 0x30.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 770 mid score > min required of 620

                                                                           
189   XXXXXX   XXXXXX   DC   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   Right of
Rescission
  Active   B   B   B   B   CMPROR1909   Incorrect
ROR
Form
Used -
H8 Form
Used in
Refinance
With
Original
Creditor
  No   Regulation
Z designates
the H9
rescission
form as the
form
designed for
same lender
refinance
transactions;
for this loan
the lender is
using the
H8 form.
Regulation
Z has
language
allowing the
use of a
substantially
similar
notice.
Claytons
view has
been that an
H8 protects
the lender
and
assignee to
at least the
same extent
as an H9,
but Clayton
recognized
that one
could think
that the
mere
existence of
the H9 takes
away the
substantially
similar
notice
argument.
The
majority of
U.S. Circuit
Courts that
have opined
on the issue
have upheld
the use of
an H8 in a
same-lender
refinance;
therefore,
Clayton
grades the
use of an
H8 form in
a same-
lender
refinance as
a level 2/B-
Non
Material
exception in
those
Circuits that
have not
decided on
this issue.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Credit reflects oldest tradeline 10/2010, reporting 0x30

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 797 FICO score. Minimum required 620.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Significant time in profession, 8.33 years

                                                                           
190   XXXXXX   XXXXXX   TX   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 closing assets of $32,398.61 (14 months PITIA reserves) > min required reserves of 0 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 709> min required score of 620.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X over 60 months > max permitted of 0 X 30 X 12 months.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
191   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 240 months.

 

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has been at current residence for 4 years.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have50 months mortgage payment history 0x30.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 62.65%; guidelines allow 80%.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 33% is below guideline maximum 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 701 mid score > min required of 640

                                                                           
512   XXXXXX   XXXXXX   NJ   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
  Active   B   B   B   B   CMPTRID5806   TRID -
At least 1
CD prior
to the last
CD at or
prior to
closing
was not
provided
to all with
rescission
rights.
  No   Initial CD
dated
XXX
only
disclosed
to one
borrower,
second
disclosure
to
borrower
two
missing.
  (No Data)   (No Data)   Not
Applicable
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 782 fico score exceeds guidelines 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 34 % dti max dti is 45%

                                                                           
354   XXXXXX   XXXXXX   MI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 794 > min required score of 620.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 244 months > max permitted of xx X 30 X 12 months.

                                                                           
354   XXXXXX   XXXXXX   MI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 794 > min required score of 620.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 244 months > max permitted of xx X 30 X 12 months.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
515   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS2860: Good credit history

- Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #40 months, Credit ratio 10.62%

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with current employer 5 years

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median credit scores 790 exceeds minimum of 620

                                                                           
518   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 791 > min required score of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 27.68% DTI < min required of 50%

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 X 102 months > max permitted of 0 X 30 X 12 months.

                                                                           
518   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved.
Clayton to
order BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 791 > min required score of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 27.68% DTI < min required of 50%

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 X 102 months > max permitted of 0 X 30 X 12 months.

                                                                           
351   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   D   A   D   A   D   A   D   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
2024 &
2023
personal
and
business
returns for
XXX. Per
Business
verification,
business
formed
5/1/2021
which is <5
years,
requiring
two years’
business
and
personal
returns.
(File has
2024, 2025
W2s for
B1, 2023-
2025 W2s
for B2).
  3/27/2026:
Received
2024/2023
1040s and
1120-S.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 784 fico score exceeds guidelines 620

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
351   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   D   A   D   A   D   A   D   A   D   A   Credit   Income/
Employment
  Satisfied   D   A   D   A   CRDINC2302   Missing
Required
Income
Documentation
  No   Provide
2024 &
2023
personal
and
business
returns for
XXX. Per
Business
verification,
business
formed
5/1/2021
which is <5
years,
requiring
two years’
business
and
personal
returns.
(File has
2024, 2025
W2s for
B1, 2023-
2025 W2s
for B2).
  3/27/2026:
Received
2024/2023
1040s and
1120-S.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 784 fico score exceeds guidelines 620

                                                                           
351   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   D   A   D   A   D   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver (PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 784 fico score exceeds guidelines 620

                                                                           
351   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   D   B   D   A   D   A   D   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 784 fico score exceeds guidelines 620

                                                                           
519   XXXXXX   XXXXXX   MN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver (PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 449 months.

 

CFCFS1747: Housing expense increase is 10% or less

- Clayton Comments: Housing payment shock is -8.29% less than 10%.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrower DTI is 25.81% below guideline maximum of 45.00%.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have134 months mortgage payment history 0x30.

                                                                           
519   XXXXXX   XXXXXX   MN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 449 months.

 

CFCFS1747: Housing expense increase is 10% or less

- Clayton Comments: Housing payment shock is -8.29% less than 10%.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrower DTI is 25.81% below guideline maximum of 45.00%.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have134 months mortgage payment history 0x30.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
356   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
PIW
approved,
Clayton to
order BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 778 mid score > min required of 620.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 8.99%

                                                                           
356   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
Approved,
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 778 mid score > min required of 620.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 8.99%

                                                                           
193   XXXXXX   XXXXXX   NJ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   C   A   D   A   C   A   D   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   Loan
declared
QM Safe
Harbor
(APOR)
from
lender/
client;
Clayton
status is
NONQM
due to fees
too high
(adjusted
charges are
$28,510.00,
max
allowed is
$27,909.17;
$600.83 too
high).
  3/31/2026:
Received
Compliance
report,
entered
Bonafide
Fee. Loan
is now Safe
Harbor.
  3/31/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 X 84 months > max permitted of 0 X 30 X 24 months.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 42 months > max permitted of 0 X 30 X 24 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 720 > min required score of 620.

                                                                           
193   XXXXXX   XXXXXX   NJ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   C   A   D   A   C   A   D   A   C   A   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   C   A   C   A   CMPTRID3640   TRID -
CD: Zero
tolerance
fee or fees
increased
at or prior
to closing
without a
valid
reason or
the revised
LE/CD
was not
timely
disclosed;
insufficient
credit or
refund
provided
  No   A COC
was not
provided
for the
increased
in the on
the Loan
Discount
Points from
2.375% or
$22800 on
XXX to
2.825% or
$27,120.00
on Final
CD XXX.
  3.30.2026 -
COC
provided
  3.30.2026
-
Exception
satisfied
  Numeric   Not
Applicable
 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 X 84 months > max permitted of 0 X 30 X 24 months.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 42 months > max permitted of 0 X 30 X 24 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 720 > min required score of 620.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
193   XXXXXX   XXXXXX   NJ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   C   A   D   A   C   A   D   A   C   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   Provide
Lender QM
determination.
  3/31/2026:
Received Safe
Harbor
determination.
  3/31/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 X 84 months > max permitted of 0 X 30 X 24 months.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 42 months > max permitted of 0 X 30 X 24 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 720 > min required score of 620.

                                                                           
193   XXXXXX   XXXXXX   NJ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   C   A   D   A   C   A   D   A   C   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   LCA score
not
established.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 X 84 months > max permitted of 0 X 30 X 24 months.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 42 months > max permitted of 0 X 30 X 24 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 720 > min required score of 620.

                                                                           
194   XXXXXX   XXXXXX   WA   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 (or CU)
score is >2.5.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 75% LTV is below guideline max of 80%

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 13.10 years current job time

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 42% DTI is below guideline max of 45%

                                                                           
569   XXXXXX   XXXXXX   GA   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 copy
of the fully
executed CD,
Note and
Mortgage for
2nd mortgage
withXXX ,
Loan Amount
$XXX and
Payment
$770.83
  1/30/2026:
Received the
Note and
Deed. Still
need Final
CD.
  1/30/2026:
Exception
remains.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $37,471.87 Required reserves $0

 

CFCFS2854: Significant time in profession

- Clayton Comments: Significant time in profession, 6 years 6 months.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
569   XXXXXX   XXXXXX   GA   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   Credit/
Mtg
History
  Satisfied   D   A   D   A   CRDCRMH149   Missing
support docs
for VOM/
VOR (e.g.
cancelled
checks)
  No   Provide copy
of the fully
executed CD,
Note and
Mortgage for
2nd mortgage
withXXX,
Loan Amount
$XXX and
Payment
$770.83
  1/30/2026:
Received
the Note
and Deed.
Still need
Final CD.
  1/30/2026:
Exception
remains.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $37,471.87 Required reserves $0

 

CFCFS2854: Significant time in profession

- Clayton Comments: Significant time in profession, 6 years 6 months.

                                                                           
196   XXXXXX   XXXXXX   AL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   C   A   A   A   C   B   C   B   C   A   A   A   C   B   Compliance   RESPA   Active   B   B   B   B   CMPRESPA2704   RESPA -
List of
homeowners
counseling
organizations
not
compliant
  No   Please
provide the
list of List of
homeowners
counseling
organizations.
Document in
file shows
what date the
list was
provided but
not the list
itself.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 credit score; 620 minimum required FICO

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: credit reflects oldest tradeline 10/19/2015, reporting 0x30

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has 12 years in the same profession

                                                                           
196   XXXXXX   XXXXXX   AL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   C   A   A   A   C   B   C   B   C   A   A   A   C   B   Compliance   RESPA   Active   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Please
Provide
Affiliated
Business
Disclosure.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 credit score; 620 minimum required FICO

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: credit reflects oldest tradeline 10/19/2015, reporting 0x30

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has 12 years in the same profession

                                                                           
196   XXXXXX   XXXXXX   AL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   C   A   A   A   C   B   C   B   C   A   A   A   C   B   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   C   A   C   A   CMPTRID3552   TRID - Loan
Estimate not
timely
  No   Application
in file dated
XXX; Only
LE in file is
dated XXX.
Please
provide the
initial LE
received
within 3 days
of the initial
application
date.
  3.30.2026
- Missing
LEs
received
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 credit score; 620 minimum required FICO

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: credit reflects oldest tradeline 10/19/2015, reporting 0x30

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has 12 years in the same profession

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
196   XXXXXX   XXXXXX   AL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   C   A   A   A   C   B   C   B   C   A   A   A   C   B   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   C   A   C   A   CMPTRID3626   TRID - CD:
Loan
consummated
before end of
waiting
period
  No   Only CD in
file is dated
XXX and
signed XXX.
Please provide
initial CD
dated 3 days
prior to
consummation
date of XXX.
  3.30.2026 -
ICD received
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 credit score; 620 minimum required FICO

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: credit reflects oldest tradeline 10/19/2015, reporting 0x30

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has 12 years in the same profession

                                                                           
196   XXXXXX   XXXXXX   AL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   C   A   A   A   C   B   C   B   C   A   A   A   C   B   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   Provide lender
QM
Determination.
  4/2/2026:
Received Safe
Harbor
determination.
  4/2/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 credit score; 620 minimum required FICO

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: credit reflects oldest tradeline 10/19/2015, reporting 0x30

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has 12 years in the same profession

                                                                           
197   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   B   B   D   B   A   A   D   A   B   B   Compliance   RESPA   Active   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Missing the
affiliated
business
disclosure.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 33.11% is below Guidelines maximum DTI of 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified Credit Score 778 exceeds credit score minimum of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified Cash reserves of $144,904.21 exceeds AUS required of $0.00

                                                                           
197   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   CU Score is >
2.5. Clayton to
order a desk
review
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 33.11% is below Guidelines maximum DTI of 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified Credit Score 778 exceeds credit score minimum of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified Cash reserves of $144,904.21 exceeds AUS required of $0.00

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
199   XXXXXX   XXXXXX   VA   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 proof
of gift transfer
to borrowers
in the amt. of
$400,000.
  3/27/2026: The
wire receipt for
$400K is dated
1/6/2026,
credited to an
account ending
in XXXX.
There is no
account in the
file ending in
this account #
and does not
indicate sent to
Settlement
Agent Wiring
Instructions
info.3/31/2026:
Received wire
receipt
showing gift
donor name
and originating
bank.
  3/27/2026:
Exception
remains.3/31/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified Credit Score 817 exceeds guideline minimum of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Verified DTI 40.563 is below guideline maximum of 45%

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV 65.57 is below guideline of 90% guideline requirement

                                                                           
205   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   D   A   D   A   C   A   D   A   D   A   Compliance   State
Consumer
Protection
  Satisfied   D   A   D   A   CMPSTCP2057   Illinois Pred
Lend
Database - No
Cert of
Compliance or
Cert of
Exemption in
file
  No   Missing IL
No Cert of
Compliance
or Cert of
Exemption
  3/27/2026:
Received
required doc.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 22.082% below 45% threshold.

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 3 years with current employer.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 782 fico exceeds 620 minimum

                                                                           
205   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   D   A   D   A   C   A   D   A   D   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   Provide
lender QM
determination.
  3/27/2026:
Received Safe
Harbor
determination.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 22.082% below 45% threshold.

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 3 years with current employer.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 782 fico exceeds 620 minimum

                                                                           
205   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   C   A   D   A   D   A   D   A   C   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   LCA score is
3 indicating
moderate risk.
Clayton to
order desk
review.
  3/25/2026:
CDA provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 22.082% below 45% threshold.

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 3 years with current employer.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 782 fico exceeds 620 minimum

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
206   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   B   B   D   B   A   A   D   A   B   B   Compliance   RESPA   Active   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Missing
Affiliate
Business
Disclosure
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: No reserves required. Assets in file $790,852 + $308,914 = $1,099.766.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Good mortgage pay history 0x30 since 2010 per CR.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 811 score exceeds minimum guidelines.

                                                                           
206   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   LCA
score
>2.5.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: No reserves required. Assets in file $790,852 + $308,914 = $1,099.766.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Good mortgage pay history 0x30 since 2010 per CR.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 811 score exceeds minimum guidelines.

                                                                           
207   XXXXXX   XXXXXX   NC   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: 701 mid score > min required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $22,039.22 or 7.69 > min required reserves of $17,200.86

 

CFCFS2854: Significant time in profession

- Clayton Comments: B1 has 20 years in same line of work/profession.

                                                                           
208   XXXXXX   XXXXXX   WY   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 27.28% is below guidelines 45% maximum.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 801 exceeds min required score of 620.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30,0x60,0x90 with 82 months reviewed.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has 18 years with current employer.

                                                                           
209   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 76.57% LTV is below guidelines 80% maximum.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 33.37% DTI is below Guidelines max of 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 790 exceeds guidelines minimum of 620.

 


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
211   XXXXXX   XXXXXX   TX   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 is
>2.5.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 715 mid score > min required of 620

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with current employer for more than 24 years.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 73.02%; guidelines allow 80%.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 246 months mortgage payment history 0x30.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in same profession for 24 years.

                                                                           
568   XXXXXX   XXXXXX   NV   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS2860: Good credit history

- Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #239 months

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median credit scores 720 / 736 exceeds minimum of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $3093.49 Required Reserves are $0

                                                                           
214   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   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: Qualifying credit score 752 greater than minimum 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 79.10% is below Guidelines 95% maximum.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 34.30% is below Guidelines 45% maximum.

                                                                           
214   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying credit score 752 greater than minimum 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 79.10% is below Guidelines 95% maximum.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 34.30% is below Guidelines 45% maximum.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
214   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying credit score 752 greater than minimum 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 79.10% is below Guidelines 95% maximum.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 34.30% is below Guidelines 45% maximum.

                                                                           
217   XXXXXX   XXXXXX   TX   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: Mid score of 816 > min required score of 620.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 X 73 months > max permitted of 0 X 30 X 12 months.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 22.08% DTI < min required of 50%

                                                                           
219   XXXXXX   XXXXXX   NC   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: 786 fico score exceeds guidelines 620

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 19 years at current residence

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 13% DTI max dti is 45%

                                                                           
220   XXXXXX   XXXXXX   WI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   D   A   D   A   D   A   D   A   D   A   D   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
evidence
borrowers
escrow with
XXX XXX
mortgage or
evidence of
property
taxes,
Homeowners
insurance
and
Homeowners
Association
dues.
  3/27/2026:
Received
Mortgage
stmnt
verifying
escrowed.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit usage of 3.619% of all revolving credit lines.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 796 exceeds minimum FICO of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 29.196% is lower than max allowed 45%.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
220   XXXXXX   XXXXXX   WI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   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   Please provide
evidence that
borrower
acknowledged
receipt of CD
3 days prior to
consummation
date of XXX
  3.30.2026
-ack of
ICD
received.
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit usage of 3.619% of all revolving credit lines.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 796 exceeds minimum FICO of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 29.196% is lower than max allowed 45%.

                                                                           
220   XXXXXX   XXXXXX   WI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   C   A   C   A   CMPTRID3626   TRID - CD:
Loan
consummated
before end of
waiting
period
  No   Please provide
evidence that
borrower
acknowledged
receipt of CD
3 days prior to
consummation
date of XXX
  3.30.2026
-ack of
ICD
received.
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit usage of 3.619% of all revolving credit lines.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 796 exceeds minimum FICO of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 29.196% is lower than max allowed 45%.

                                                                           
220   XXXXXX   XXXXXX   WI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   Credit   DTI   Satisfied   D   A   D   A   CRDDTI2540   Missing
verification
of some or all
components
of non-
subject PITI
  No   Missing
evidence
borrowers
escrow with
XXX XXX
mortgage or
evidence of
property
taxes,
Homeowners
insurance and
Homeowners
Association
dues.
  3/27/2026:
Received
Mortgage
stmnt
verifying
escrowed.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit usage of 3.619% of all revolving credit lines.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 796 exceeds minimum FICO of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 29.196% is lower than max allowed 45%.

                                                                           
220   XXXXXX   XXXXXX   WI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   LCA or CU
score is > 2.5;
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit usage of 3.619% of all revolving credit lines.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 796 exceeds minimum FICO of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 29.196% is lower than max allowed 45%.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
221   XXXXXX   XXXXXX   TX   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 >
2.5.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit mid score of 75 exceeds 620 required

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets of of $59,430.33 exceed $0 required.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI at 21.03% below guideline requirement of 45%

                                                                           
222   XXXXXX   XXXXXX   GA   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 Assets are $136,863.10 or26.57 months PITI;$0 Required Reserves.

 

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has 13 years in the same profession

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 792 credit score; 620 minimum required FICO

                                                                           
224   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 773 fico exceeds minimum fico 620.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 8.08% credit usage

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 38.572% DTI below 50% maximum

                                                                           
224   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 773 fico exceeds minimum fico 620.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 8.08% credit usage

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 38.572% DTI below 50% maximum


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
229   XXXXXX   XXXXXX   TX   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: Median credit scores 800 exceeds minimum of 620

 

CFCFS2860: Good credit history

- Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #120 months,

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $56,270.67 or 20.73 months of PITI for departing residence. Required Reserves are $0

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Borrower with current employer > 3 years

                                                                           
230   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   C   A   D   C   C   B   D   C   C   A   D   C   C   B   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   C   B   C   B   CMPTRID3950   TRID —
CD: The
Additional
Product
Feature
value in the
CD Loan
Information
section and
the Negative
Amortization
disclosure in
the CD Loan
Disclosures
section are
not
consistent
  No   Missing the
check box
mark on
Final CD
XXX, Loan
disclosure —
Do not have
Negative
Amortization
feature
  4.3.2026
— LOX
and PCCD
received
  4.3.2026 -
Exception
satisfied
  Non-Numeric   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets: $728,840.03 (129.47 months PITIA reserves) > min required reserves of $0.00

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 787 score exceeds 620 minimum.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Good mortgage pay history 0x30 since 2014 per CR.

                                                                           
230   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   C   A   D   C   C   B   D   C   C   A   D   C   C   B   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   C   B   C   B   CMPTRID4373   TRID —
CD: Closing
Disclosure
contains
conflicting
loan
attributes
  No   Missing the
check box
mark on
Final CD
XXX, Loan
disclosure —
Do not have
Negative
Amortization
feature
  4.3.2026
— LOX
and PCCD
received
  4.3.2026 -
Exception
satisfied
  Non-Numeric   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets: $728,840.03 (129.47 months PITIA reserves) > min required reserves of $0.00

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 787 score exceeds 620 minimum.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Good mortgage pay history 0x30 since 2014 per CR.

                                                                           
230   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   C   A   D   C   C   B   D   C   C   A   D   C   C   B   Credit   Insurance   Satisfied   C   A   C   A   CRDINSR5351   Insurance
Effective
date is
greater than
the
transaction
date
  No   Missing
evidence
homeowners
coverage was
in place at
time of
disbursement.
Disbursement
date: XXX.
Coverage
effective date
12/19/25.
  3/27/2026:
Received
HOI dec
page
XXX-
XXX.
  3/27/2026:
Exception
satisfied.
  Not
Applicable
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets: $728,840.03 (129.47 months PITIA reserves) > min required reserves of $0.00

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 787 score exceeds 620 minimum.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Good mortgage pay history 0x30 since 2014 per CR.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
230   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   C   A   D   C   C   B   D   C   C   A   D   C   C   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Missing
updated
valuation.
CU score
>2.5.
Clayton to
order desk
review.
  3/25/2026:
Received
CDA not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets: $728,840.03 (129.47 months PITIA reserves) > min required reserves of $0.00

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 787 score exceeds 620 minimum.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Good mortgage pay history 0x30 since 2014 per CR.

                                                                           
230   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   C   A   D   C   C   B   D   C   C   A   D   C   C   B   Property
Valuations
  Value   Active   C   C   C   C   PRVAVALU5249   Property
Value Not
Supported
  Yes   3/25/2026:
Exception
added
after
review of
trailing
docs:
Received
CDA not
supporting
value.
Clayton to
order next
level
review.
  (No Data)   (No Data)   Not
Applicable
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets: $728,840.03 (129.47 months PITIA reserves) > min required reserves of $0.00

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 787 score exceeds 620 minimum.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Good mortgage pay history 0x30 since 2014 per CR.

                                                                           
235   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   B   D   B   A   A   D   B   D   B   D   A   A   A   Credit   Income/
Employment
  Active   B   B   B   B   CRDINC2496   Verbal
verification
of
employment
completed
outside the
stated
requirements
and/or after
closing/
funding
  No   Provide
VVOE for
B2 within
10
business
days of the
note date.
VVOE in
file dated
XXX is
greater
than 10
days of
note XXX
  (No Data)   (No Data)   (No Data)   Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: B1 has 12 years at the departure residence

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 801 FICO score. Minimum required 620.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Per credit B2’s oldest tradeline 2/18/2007, reporting 0x30.

 

CFCFS2854: Significant time in profession

- Clayton Comments: B1 has 10.08 years in the same profession

                                                                           
235   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   B   D   B   A   A   D   B   D   B   D   A   A   A   Credit   Terms/
Guidelines
  Satisfied   D   A   D   A   CRDTER2548   Missing
AUS or
AUS errors
present
  No   LP AUS
Key
#XXX for
this
transaction
was
created
post
funding.
AUS
previous
key
#XXX
was
associated
for the
borrower;
unable to
determine
if
duplicated.
FHLMC
single loan
exception
cert is in
the file
allowing
use of LP
Key
#XXX run
XXX to be
delivered
to Freddie.
  3/27/2026:
Reviewed
both LP
findings.
They are
virtually
the same.
Assets are
slightly
different.
LOX and
cert in file
are
acceptable.
  3/27/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: B1 has 12 years at the departure residence

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 801 FICO score. Minimum required 620.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Per credit B2’s oldest tradeline 2/18/2007, reporting 0x30.

 

CFCFS2854: Significant time in profession

- Clayton Comments: B1 has 10.08 years in the same profession


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
235   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   B   D   B   A   A   D   B   D   B   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: B1 has 12 years at the departure residence

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 801 FICO score. Minimum required 620.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Per credit B2’s oldest tradeline 2/18/2007, reporting 0x30.

 

CFCFS2854: Significant time in profession

- Clayton Comments: B1 has 10.08 years in the same profession

                                                                           
235   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   B   D   B   A   A   D   B   D   B   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: B1 has 12 years at the departure residence

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 801 FICO score. Minimum required 620.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Per credit B2’s oldest tradeline 2/18/2007, reporting 0x30.

 

CFCFS2854: Significant time in profession

- Clayton Comments: B1 has 10.08 years in the same profession

                                                                           
238   XXXXXX   XXXXXX   TX   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: 754 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 22.96% is below guideline maximum 45%.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrowers have 0x30 for 328 months.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in same profession for 20 years.

                                                                           
521   XXXXXX   XXXXXX   NV   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
score is
>2.5,
Clayton
to order
Desk
Review
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 14 years at current job - XXX

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 787 fico score exceeds guidelines 620

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 7 years at current residence


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
240   XXXXXX   XXXXXX   GA   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 $151,083.94 exceeds AUS requirement of $0.00

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 25.13% is below Guidelines max 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 806 exceeds minimum credit score 620

                                                                           
399   XXXXXX   XXXXXX   CA   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
2.6.
Clayton
to order
Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 787 mid score > min required of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Minimal usage of available revolving credit lines @ 0.020%

                                                                           
249   XXXXXX   XXXXXX   TX   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 736 exceeds minimum of 620

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30,0x60,0x90 with 42 months reviewed on the most recent mortgage.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $11,894.25Required Reserves are $0

                                                                           
250   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   CU score
is greater
than 2.5.
Missing
third
party
valuation.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 713 fico exceeds typical minimum fico required of 620 (fannie has no minimum)

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Coborrower has significant time at current job 21 years

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30 no mortgage lates

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 8 years in current primary residence

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 16 years with current employer

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
250   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  FEMA   Waived   B   B   B   B   PRVAFEMA856   Natural
Disaster
Area, no
subsequent
inspection
(Public)
  No   Closing
occurred
XXX.
Disaster
declared
XXX
XXX.
  3/11/2026:
Lender
acknowledges
Level 2
exception,
Public
Assistance
only FEMA
disaster.
  3/11/2026:
Waived
non-
material.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 713 fico exceeds typical minimum fico required of 620 (fannie has no minimum)

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Coborrower has significant time at current job 21 years

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30 no mortgage lates

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 8 years in current primary residence

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 16 years with current employer

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

                                                                           
251   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
PIW
approved,
Clayton to
order BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 38.24% is below guideline maximum 45%.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 77% is below guidelines 97% maximum.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 735 score exceeds min required of 620

                                                                           
251   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 38.24% is below guideline maximum 45%.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 77% is below guidelines 97% maximum.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 735 score exceeds min required of 620

                                                                           
251   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  FEMA   Waived   B   B   B   B   PRVAFEMA856   Natural
Disaster
Area, no
subsequent
inspection
(Public)
  No   FEMA
Declaration
date XXX
and AUS
approval
XXX. PDI
to be
ordered by
Clayton.
  3/16/2026:
Client
acknowledges
Level 2
exception.
  3/16/2026:
Waived
non-
material.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 38.24% is below guideline maximum 45%.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 77% is below guidelines 97% maximum.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 735 score exceeds min required of 620


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
404   XXXXXX   XXXXXX   NC   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 3.5 score
is >2.5.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score 815 exceeds minimum of 620

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30,0x60,0x90 with 99 months reviewed.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with current employer since for 15 years.

                                                                           
253   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   A   A   B   B   D   B   D   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 from
file.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 75%; guidelines allow 95%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 757 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 21.02% is below the guideline maximum of 45%.

                                                                           
253   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   A   A   B   B   D   B   D   A   A   A   B   B   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   Provide lender
QM
determination.
  4/2/2026:
Received Safe
Harbor
determination.
  4/2/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 75%; guidelines allow 95%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 757 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 21.02% is below the guideline maximum of 45%.

                                                                           
253   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   A   A   B   B   D   B   D   A   A   A   B   B   Credit   Application   Satisfied   D   A   D   A   CRDAPP3822   Missing or
incomplete
documentation
related to
citizenship/
residency
  No   Missing non-
permanent
resident
documentation
for B1.
  3/27/2026:
Received
XXX
Passport and
XXX - all
current and
valid through
2028.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 75%; guidelines allow 95%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 757 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 21.02% is below the guideline maximum of 45%.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
254   XXXXXX   XXXXXX   TX   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   Missing
updated
valuation:
LCA score
>2.5. Clayton
to order desk
review
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 808 exceeds the guideline minimum of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified cash reserves of $57,526.33/7.66 months PITI reserves, exceeds min. requirement of $0.00

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: The borrowers DTI of 38.02% is below the guideline maximum of 45%

 

CFCFS5269: Minimal use of credit

- Clayton Comments: 9.20% revolving credit utilization

                                                                           
257   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   D   A   D   A   C   A   D   A   D   A   Compliance   State
Consumer
Protection
  Satisfied   D   A   D   A   CMPSTCP2057   Illinois Pred
Lend
Database - No
Cert of
Compliance
or Cert of
Exemption in
file
  No   Missing
Illinois Cert
of
Compliance
and/or Cert of
Exemption
  3/27/2026:
Received doc.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified Credit score 739 exceeds guideline minimum of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Verified LTV 75% is lower than the guideline requirement of 90%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Verified DTI 31.46 is below guideline max of 45% or approved higher by AUS

                                                                           
257   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   D   A   D   A   C   A   D   A   D   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   Provide
Lender QM
determination.
  3/27/226:
Received Safe
Harbor
determination.
  (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified Credit score 739 exceeds guideline minimum of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Verified LTV 75% is lower than the guideline requirement of 90%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Verified DTI 31.46 is below guideline max of 45% or approved higher by AUS

                                                                           
257   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   D   A   D   A   C   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is PIW
approved.
Clayton to
order BPO.
  3/25/2026:
BPO provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified Credit score 739 exceeds guideline minimum of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Verified LTV 75% is lower than the guideline requirement of 90%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Verified DTI 31.46 is below guideline max of 45% or approved higher by AUS


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
257   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   D   A   D   A   C   A   D   A   D   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified Credit score 739 exceeds guideline minimum of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Verified LTV 75% is lower than the guideline requirement of 90%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Verified DTI 31.46 is below guideline max of 45% or approved higher by AUS

                                                                           
258   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Compliance   RESPA   Active   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Missing
the
Affiliate
Business
Disclosure
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Verified DTI is below guideline requirement of 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified credit score 784 exceeds guideline minimum of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Verified LTV 69% is below guideline maximum of 90%

                                                                           
258   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan
approve
PIW,
Clayton to
order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Verified DTI is below guideline requirement of 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified credit score 784 exceeds guideline minimum of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Verified LTV 69% is below guideline maximum of 90%

                                                                           
258   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan
approve
PIW,
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Verified DTI is below guideline requirement of 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified credit score 784 exceeds guideline minimum of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Verified LTV 69% is below guideline maximum of 90%


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
523   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   D   D   D   A   A   A   A   D   D   D   D   A   A   A   A   Credit   Terms/
Guidelines
  Active   D   D   D   D   CRDTER2548   Missing
AUS or
AUS
errors
present
  Yes   Updated DU
AUS required to
correct sources
of earnings to
allow AUS to
provide accurate
directives on
verifying
borrowers
income
documentation.
1003 reflects
borrower
qualified with
W2 wages of
$5,993.87 and
secondary XXX
wages of
$1,483.32
however DU
AUS
submission 14
reflects all
earnings were
reported as W2
wages therefore
AUS did not
provide
directives on
requirements to
verify XXX
earnings used to
qualify. DU
AUS
recommendation
must remain
Approve/
Eligible.
  (No Data)   (No Data)   (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 748 mid score > min required of 620.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 99 months.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 56 months mortgage payment history 0x30.

                                                                           
260   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   D   A   A   D   D   B   B   D   D   A   A   D   D   B   B   Compliance   RESPA   Active   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Missing
Affiliate
Business
Disclosure
  (No Data)   (No Data)   (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 740 score exceeds 620 minimum.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 40.94% is below Guidelines 45% maximum.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Good mortgage pay history 0x30, 0x60,0x90, with current longest active mortgage reviewed 24 months.

                                                                           
260   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   D   A   A   D   D   B   B   D   D   A   A   D   D   B   B   Property
Valuations
  Appraisal   Active   D   D   D   D   PRVAAPPR3116   Missing
updated
valuation
  Yes   LCA score not
available.
Clayton to order
desk review.
  3/25/2026:
Received
CDA not
supporting
value.
Clayton to
order next
level
review.
  3/25/2026:
Exception
remains.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 740 score exceeds 620 minimum.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 40.94% is below Guidelines 45% maximum.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Good mortgage pay history 0x30, 0x60,0x90, with current longest active mortgage reviewed 24 months.

                                                                           
260   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   D   A   A   D   D   B   B   D   D   A   A   D   D   B   B   Property
Valuations
  Value   Active   C   C   C   C   PRVAVALU5249   Property
Value Not
Supported
  Yes   3/25/2026:
Exception added
after review of
trailing docs:
Received CDA
not supporting
value. Clayton
to order next
level review.
  (No Data)   (No Data)   Not
Applicable
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 740 score exceeds 620 minimum.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 40.94% is below Guidelines 45% maximum.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Good mortgage pay history 0x30, 0x60,0x90, with current longest active mortgage reviewed 24 months.

                                                                           
263   XXXXXX   XXXXXX   DC   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 $139,368.94 exceed AUS requirement of $0.00

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Verified DTI 17.05% is below guideline maximum of 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit Score of 729 exceeds guideline minimum of 620


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
264   XXXXXX   XXXXXX   OH   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   C   B   D   B   A   A   D   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   CD dated
XXX- Loan
Disclosures-
Escrow
Account-
You will
have an
escrow
account is
indicated,
but the
Escrowed
Property
Costs or
Escrow
Payment =
$0
  4.2.2026
— LOX
and PCCD
received
  4.2.2026 -
Exception
satisfied
  Numeric   Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 28.004% DTI below 45% threshold

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Over 10 years with current employer

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Over 5 years with current employer.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30 no mortgage lates

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 755 fico exceeds 620 minimum

                                                                           
264   XXXXXX   XXXXXX   OH   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   C   B   D   B   A   A   D   A   C   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   CLA score
is greater
than 2.5.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 28.004% DTI below 45% threshold

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Over 10 years with current employer

 

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Over 5 years with current employer.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30 no mortgage lates

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 755 fico exceeds 620 minimum

                                                                           
265   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
  QM:
Safe
Harbor
(APOR)
  C   B   A   A   C   B   A   A   C   A   A   A   C   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   PIW
approved
loan.
Clayton to
order BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: 7 years 3 months at current residence.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 787 fico exceeds minimum 620

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 14 years with current company.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 5 years with current employer.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
267   XXXXXX   XXXXXX   VA   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   Missing
Affiliate
Business
Disclosure
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 800 credit score exceeds 620 minimum score.

 

CFCFS1749: Additional documented income not used in qualifying

- Clayton Comments: Positive rental income: $114.58 not used to qualify

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: $38036.48, over 7 months or reserves verified, no reserves required.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 39 months of 0x30 documented with 12 months required.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Calculated DTI 36.19%. Maximum allowed 45%.

                                                                           
268   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   C   B   B   D   C   A   A   D   C   B   B   Compliance   RESPA   Active   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Affiliate
Business
Disclosure
was not
included
in the
package.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30,0x60,0x90 with 18 months reviewed.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 776 mid score > min required 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 24.35% is below guideline maximum 50%.

                                                                           
268   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   C   B   B   D   C   A   A   D   C   B   B   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order
BPO
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30,0x60,0x90 with 18 months reviewed.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 776 mid score > min required 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 24.35% is below guideline maximum 50%.

                                                                           
268   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   C   B   B   D   C   A   A   D   C   B   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order
BPO.
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30,0x60,0x90 with 18 months reviewed.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 776 mid score > min required 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 24.35% is below guideline maximum 50%.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
268   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   C   B   B   D   C   A   A   D   C   B   B   Property
Valuations
  Value   Active   C   C   C   C   PRVAVALU5249   Property
Value Not
Supported
  Yes   3/25/2026:
Exception
added after
review of
trailing docs:
Received
BPO not
supporting
value.
Clayton to
order next
level review.
  (No Data)   (No Data)   Not
Applicable
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0x30,0x60,0x90 with 18 months reviewed.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 776 mid score > min required 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 24.35% is below guideline maximum 50%.

                                                                           
526   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   A   B   B   D   B   C   A   D   A   B   B   Compliance   RESPA   Active   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Missing
Affiliate
Business
Disclosure
  (No Data)   (No Data)   (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 765 mid score > min required of 620

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 26 months mortgage payment history 0x30.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Significant time in profession, 5 years.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 13.62%

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 79%; guidelines allow 95%.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 33% is below guideline maximum 45%.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 109 months.

                                                                           
526   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   A   B   B   D   B   C   A   D   A   B   B   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   Provide
Lender QM
determination.
  3/27/2026:
Received Safe
Harbor
determination.
  3/27/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 765 mid score > min required of 620

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 26 months mortgage payment history 0x30.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Significant time in profession, 5 years.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 13.62%

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 79%; guidelines allow 95%.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 33% is below guideline maximum 45%.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 109 months.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
526   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   A   B   B   D   B   C   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   LCA (or CU)
score is >2.5.
Clayton to
order desk
review.
  3/25/2026:
CDA provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 765 mid score > min required of 620

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have26 months mortgage payment history 0x30.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Significant time in profession, 5 years.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 13.62%

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 79%; guidelines allow 95%.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 33% is below guideline maximum 45%.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 109 months.

                                                                           
567   XXXXXX   XXXXXX   CA   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   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   Provide
lender QM
determination.
  3/27/2026:
Received Safe
Harbor
Determination.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 80% LTV below 97% maximum

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO 787 greater than 620 minimum

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Verified 60 months of no 30x lates with 24 month history required

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit usage score .09% with 1 open trade line

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified $94,130.63 in post closing reserves.DU requires $27,077.52 reserves

                                                                           
567   XXXXXX   XXXXXX   CA   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 returned
no score.
Clayton to
order Desk
Review.
  3/25/2026:
CDA provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 80% LTV below 97% maximum

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO 787 greater than 620 minimum

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Verified 60 months of no 30x lates with 24 month history required

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit usage score .09% with 1 open trade line

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified $94,130.63 in post closing reserves.DU requires $27,077.52 reserves


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
409   XXXXXX   XXXXXX   WY   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has significant time at current job, 9 years and 7 months.

 

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has resided at current residence for 15 years.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 815 exceeds 620 required score

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $604,982.36 or 156.06 months PITI , No reserves required per AUS.

                                                                           
272   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 725 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 79.83%; guidelines allow 95%.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 43.98% is below the guideline maximum of 45%.

                                                                           
272   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 725 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 79.83%; guidelines allow 95%.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 43.98% is below the guideline maximum of 45%.

                                                                           
274   XXXXXX   XXXXXX   TX   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 765 exceeds guideline minimum of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified cash reserves of $135,052.91 exceed $0.00 required per AUS

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Verified DTI 34.72 is below guideline of 45%

                                                                           
275   XXXXXX   XXXXXX   CA   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
is > 2.5.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 19+ years at current job

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 16 years at current residence


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
278   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   C   A   D   A   A   A   D   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 $287.53
due to
(discount
point)
increased
from LE to
CD. Missing
a valid
Change of
Circumstance,
or Post Close
CD, LOX and
copy of
refund check
to borrower.
  3.27.2026
-COC
provided
  3.27.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1745: Significant total monthly debt reduction

- Clayton Comments: Borrowers are paying off $6,465.83 in revolving debt from 5 different accounts, using their own funds

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 80% is less than the 95% LTV allowed for a rate refi.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 768 credit score exceeds minimum required of 620

                                                                           
278   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   C   A   D   A   A   A   D   A   C   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   LP approved
with PIW.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1745: Significant total monthly debt reduction

- Clayton Comments: Borrowers are paying off $6,465.83 in revolving debt from 5 different accounts, using their own funds

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 80% is less than the 95% LTV allowed for a rate refi.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 768 credit score exceeds minimum required of 620

                                                                           
278   XXXXXX   XXXXXX   MO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   C   A   D   A   A   A   D   A   C   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is PIW
Approved.
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1745: Significant total monthly debt reduction

- Clayton Comments: Borrowers are paying off $6,465.83 in revolving debt from 5 different accounts, using their own funds

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 80% is less than the 95% LTV allowed for a rate refi.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 768 credit score exceeds minimum required of 620

                                                                           
394   XXXXXX   XXXXXX   ID   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 closing assets $13371.85 / 24.70 months PITIA > min required of 18 months $33133.22

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 770 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 73.78%; guidelines allow 90%.

                                                                           
279   XXXXXX   XXXXXX   HI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   B   B   D   B   A   A   D   A   B   B   Compliance   RESPA   Active   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Missing
Affiliate
Business
Disclosure
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $143,387.74 or 26.12 months of PITI, no reserves are required.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Significant time in profession, B1 9 years and B2 21 years.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 772 mid score > min required of 620


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
279   XXXXXX   XXXXXX   HI   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   LCA (or
CU) score
is >2.5.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $143,387.74 or 26.12 months of PITI, no reserves are required.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Significant time in profession, B1 9 years and B2 21 years.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 772 mid score > min required of 620

                                                                           
280   XXXXXX   XXXXXX   WA   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: Minimal use of available revolving credit @ 3.18%

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 44 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 768 mid score > min required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $67,978.10/ 16.28 months PITIA > min required of $25,054.56.

                                                                           
281   XXXXXX   XXXXXX   MD   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   C   A   C   A   CRDAST205   Insufficient
Funds to
Close
  No   Missing
most
recent 2
months
bank
account
statements
reflecting
sufficient
funds.
  3/27/2026:
Received
XXX
stmnt.
funds to
close
verified.
No
reserves
required.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines at 1.76% credit usage ratio.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 36.44% is below guideline maximum 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 777 mid score exceeds min required of 620

                                                                           
281   XXXXXX   XXXXXX   MD   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   CRDAST2304   Unverified
Assets
  No   Missing 2
months
bank
account
asset
statements
to verify
funds
used by
AUS.
  3/27/2026:
Received
XXX
stmnt.
funds to
close
verified.
No
reserves
required.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines at 1.76% credit usage ratio.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 36.44% is below guideline maximum 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 777 mid score exceeds min required of 620


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
284   XXXXXX   XXXXXX   MA   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   RESPA   Active   B   B   B   B   CMPRESPA2700   RESPA - List
of
homeowners
counseling
organizations
not provided
w/in 3 days of
application
  No   Provide list of
homeowners
counseling
organizations
dated within 3
days of
application.
  (No
Data)
  (No Data)   (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 812 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 76.34%; guidelines allow 95%.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 82 months mortgage payment history 0x30.

                                                                           
284   XXXXXX   XXXXXX   MA   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   A   C   A   CMPTRID3552   TRID - Loan
Estimate not
timely
  No   Initial
application
was taken
XXX, the
initial LE was
not issued until
XXX. Greater
than the
required 3
days
  3.30.2026
- Initial
LE
provided
  3.30.2026
-
Exception
satisfied
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 812 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 76.34%; guidelines allow 95%.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 82 months mortgage payment history 0x30.

                                                                           
284   XXXXXX   XXXXXX   MA   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   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 percent
tolerance fail
of $425. Due
to Condo
Processing fee
added on LE
issued XXX
with no
internal COC
in file. Provide
Internal COC
reflecting valid
reason for the
fee changes
within 3
business days
of change -
OR- PCCD
with cure,
copy of cure
check, LOE to
Borrower and
Evidence of
delivery via
method
including
tracking,
within 60 days
of
consummation.
  3.30.2026
-COC
provided
  3.30.2026
-
Exception
satisfied
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 812 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 76.34%; guidelines allow 95%.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 82 months mortgage payment history 0x30.

                                                                           
287   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   B   B   B   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   Reason for not
having escrow
account not
selected on CD
XXX before
closing, it was
updated on
final PCCD
XXX.
  (No
Data)
  (No Data)   Non-Numeric   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Cash reserves of $223,231.72 exceed $0 required.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with same employer for over 11 years.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 30.70% is below Guidelines 45% maximum.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
287   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
PIW
approved,
Clayton to
order BPO
  3/25/2026:
BPO provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Cash reserves of $223,231.72 exceed $0 required.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with same employer for over 11 years.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 30.70% is below Guidelines 45% maximum.

                                                                           
287   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order BPO.
  3/25/2026:
BPO provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Cash reserves of $223,231.72 exceed $0 required.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with same employer for over 11 years.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI of 30.70% is below Guidelines 45% maximum.

                                                                           
532   XXXXXX   XXXXXX   ID   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   A   A   C   B   D   B   D   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   Final CD
issued
XXX The
Will Not
Have an
Escrow
Account in
the CD
Loan
Disclosures
section is
selected
and neither
of You
declined it
and/or
Your
lender does
not offer
one are
selected.
  4.2.2026 -
PCCD received
  4.2.2026 -
Exception satisfied
  Non-Numeric   Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has been at current residence for 7 years.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer credit history reflect no derogs, all accounts paid as agreed with oldest trade line dating back to 07/2016.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing reserves are $164,295.67 or 43.97 months. AUS requires 0 months reserves.

                                                                           
532   XXXXXX   XXXXXX   ID   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   A   A   C   B   D   B   D   A   A   A   C   B   Credit   Insurance   Satisfied   D   A   D   A   CRDINSR848   Missing
Hazard
Insurance
  No   Provide
subject
HOI dec
page. The
one
provided is
for
previous
REO.
  3/27/2026:
Received RCE.
Still need HOI
dec
page.3/31/2026:
Received HOI
Dec page.
  3/27/2026:
Exception
remains.3/31/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has been at current residence for 7 years.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer credit history reflect no derogs, all accounts paid as agreed with oldest trade line dating back to 07/2016.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing reserves are $164,295.67 or 43.97 months. AUS requires 0 months reserves.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
289   XXXXXX   XXXXXX   NV   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   B   B   C   B   D   A   D   B   B   B   C   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   Seller CD
is not in
file. It is
needed to
verify/
complete
TRID
entries.
  3.27.2026
— Seller
CD
provided
  3.27.2026
-
Exception
satisfied
  Not
Applicable
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit 799 mid score > minimum required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Assets: $89,215.78 post closing reserves, 25.57 months PITI for subject property. DU requires $0.00

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Co-borrower has 7+ years at present job

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrower 2 has65 months mortgage payment history 0x30.

                                                                           
289   XXXXXX   XXXXXX   NV   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   B   B   C   B   D   A   D   B   B   B   C   A   D   A   Credit   Income/
Employment
  Active   B   B   B   B   CRDINC2496   Verbal
verification
of
employment
completed
outside the
stated
requirements
and/or after
closing/
funding
  No   VVOE
for B2 is
not dated
within 10
days of
closing.
  (No Data)   (No Data)   (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit 799 mid score > minimum required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Assets: $89,215.78 post closing reserves, 25.57 months PITI for subject property. DU requires $0.00

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Co-borrower has 7+ years at present job

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrower 2 has65 months mortgage payment history 0x30.

                                                                           
289   XXXXXX   XXXXXX   NV   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   B   B   C   B   D   A   D   B   B   B   C   A   D   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Missing
updated
valuation.
PIW
approved
loan.
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit 799 mid score > minimum required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Assets: $89,215.78 post closing reserves, 25.57 months PITI for subject property. DU requires $0.00

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Co-borrower has 7+ years at present job

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrower 2 has65 months mortgage payment history 0x30.

                                                                           
291   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets of $249,643.66 exceed $0 required.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 736 exceeds Guidelines minimum of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 24.33% DTI is below 45% guidelines maximum.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
291   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order BPO.
  3/25/2026: BPO
provided supports
appraised value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets of $249,643.66 exceed $0 required.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 736 exceeds Guidelines minimum of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 24.33% DTI is below 45% guidelines maximum.

                                                                           
407   XXXXXX   XXXXXX   CA   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 33.07% is below the guideline maximum of 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 720 mid score exceeds min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 70%; guidelines allow 95%.

                                                                           
292   XXXXXX   XXXXXX   MO   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   CRDCRMH1805   Debts/
obligations
not
disclosed/
accounted
for at
origination
  No   XXX#XXX
payoff in
file dated
12/30/25.
Credit
report
reflects
trade line as
a Lease vs.
Loan.
Credit
supplement
verifies
debt was
paid
12/30/2025.
Lease is up
in 6/2026.
Provide
source of
funds to
payoff debt.
Additional
conditions
may apply.
  3/31/2026:
Received docs for
XXX payoff.
Loan was paid
12/30/2025 for
$55,525.60. The
XXX stmnt in the
original PDF has
a $2,716.32
balance and no
history showing
the payoff
transaction.
Source of funds
still
required.4/7/2026:
Lender rebuttal
stating doc
received
3/31/2026 are
sufficient.
Clayton disagrees.
Source of funds to
pay off the auto
lease is
required.4.8.2026:
lender provided
evidence payoff
funds came from
sale of the car to
XXX
  3/31/2026:
Exception
remains.4/7/2026:
Excep[tion
remains.4.8.2026:
exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median credit scores 701 / 722 exceeds minimum of 620

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with current employer > 6 years

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #189 months,

                                                                           
533   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
PIW
approved,
Clayton to
order BPO
  3/25/2026: BPO
provided supports
appraised value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 37.22% is below the guideline maximum of 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 805 score exceeds min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 80%; guidelines allow 97%.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
533   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW. Clayton
to order BPO.
  3/25/2026:
BPO provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 37.22% is below the guideline maximum of 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 805 score exceeds min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 80%; guidelines allow 97%.

                                                                           
294   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   A   A   D   A   C   A   D   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   Provide
lender QM
determination.
  3/30/2026:
Received Safe
Harbor
determination.
  3/30/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 fico score exceeds guidelines 620

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: No lates on credit report

                                                                           
294   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   A   A   D   A   C   A   D   A   A   A   Credit   Insurance   Satisfied   C   A   C   A   CRDINSR5353   Insurance
Expiration
date is prior
than the
transaction
date
  No   HOI expires
same day as
Note Date.
Provide the
renewal dec
page and
verification
no change to
Premium.
Additional
conditions
may apply.
  4/6/2026:
Received
Condo Master
XXX-XXX,
includes
walls-in.
Renewed
H06, not
required.
  4/6/2026:
Exception
satisfied.
  Not
Applicable
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 fico score exceeds guidelines 620

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: No lates on credit report

                                                                           
294   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   A   A   D   A   C   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is PIW
approved,
Clayton to
order BPO
  3/25/2026:
BPO provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 fico score exceeds guidelines 620

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: No lates on credit report

                                                                           
294   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   A   A   D   A   C   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 766 fico score exceeds guidelines 620

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: No lates on credit report


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
295   XXXXXX   XXXXXX   MN   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   Missing
Affiliate
Business
Disclosure
  (No
Data)
  (No
Data)
  (No
Data)
  Not
Applicable
 

CFCFS1749: Additional documented income not used in qualifying

- Clayton Comments: Borrower 1 receives bonus income reflected on current paystub not used to qualify

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 427 months.

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 9+ years at present job

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 53 months mortgage payment history 0x30.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets = $266,506.80 > $27,330.84 reserves required by LP

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 726 mid score > min required of 620

                                                                           
296   XXXXXX   XXXXXX   MO   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: Minimal usage of available revolving credit lines at 2.3%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 30.73% is below guideline maximum 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 801 score exceeds min required of 620

                                                                           
534   XXXXXX   XXXXXX   FL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Compliance   RESPA   Active   B   B   B   B   CMPRESPA2698   RESPA -
List of
homeowners
counseling
organizations
not in file
  No   Homeowners
counseling
organizations
not in file.
  (No
Data)
  (No
Data)
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower 1 has been XXX since 2013

 

CFCFS2860: Good credit history

- Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #304 months, Credit ratio 8.79%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median credit scores 815/798 exceeds minimum of 620

                                                                           
534   XXXXXX   XXXXXX   FL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   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
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower 1 has been XXX since 2013

 

CFCFS2860: Good credit history

- Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #304 months, Credit ratio 8.79%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median credit scores 815/798 exceeds minimum of 620


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
534   XXXXXX   XXXXXX   FL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
approved
PIW. Clayton
to order BPO.
  3/25/2026:
BPO provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower 1 has been XXX since 2013

 

CFCFS2860: Good credit history

- Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #304 months, Credit ratio 8.79%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median credit scores 815/798 exceeds minimum of 620

                                                                           
534   XXXXXX   XXXXXX   FL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   B   B   D   B   A   A   D   A   B   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower 1 has been XXX since 2013

 

CFCFS2860: Good credit history

- Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #304 months, Credit ratio 8.79%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median credit scores 815/798 exceeds minimum of 620

                                                                           
297   XXXXXX   XXXXXX   CA   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   Provide
Lender QM
determination.
  3/27/2026:
Received Safe
Harbor
Determination
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 775 exceeds guideline of 620

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: 0 mortgage lates reported

                                                                           
298   XXXXXX   XXXXXX   IA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 62 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 746 mid score > min required of 620.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 23.26% is below guideline maximum 45%.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
536   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrower has 25 months mortgage payment history 0x30

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score 764, min required 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 39.93%, guideline 45%

                                                                           
299   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   A   C   B   D   B   C   A   D   A   C   B   Compliance   Right of
Rescission
  Satisfied   C   B   C   B   CMPROR2330   ROR -
Disbursement
date is before
end of
statutory
rescission
period
  No   ROR Signed
XXX with
Expiration
Date of XXX.
Final CD
Disbursement
Date is XXX
Disbursement
Date is before
end of
statutory
rescission
period.
  4.3.2026 -
Final ALTA
and PCCD
received
  4.3.2026 -
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 175 months > max permitted of 12 X 30 X xx months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 771 > min required score of 620.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 X 65 months > max permitted of 24 X 30 X xx months.

                                                                           
299   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   A   C   B   D   B   C   A   D   A   C   B   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   Provide
Lender QM
Determination.
  4/6/2026:
Received Safe
Harbor
determination.
  4/6/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 175 months > max permitted of 12 X 30 X xx months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 771 > min required score of 620.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 X 65 months > max permitted of 24 X 30 X xx months.

                                                                           
299   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   A   C   B   D   B   C   A   D   A   C   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   LCA score is
>2.5. Clayton
to order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Consumer debt 0 x 30 X 175 months > max permitted of 12 X 30 X xx months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score of 771 > min required score of 620.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30 X 65 months > max permitted of 24 X 30 X xx months.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
300   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   C   B   D   B   A   A   D   A   C   B   Compliance   RESPA   Active   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Missing the
Affiliate
Business
Disclosure.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 713 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 71.40%; guidelines allow 80%.

                                                                           
300   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   C   B   D   B   A   A   D   A   C   B   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 $2,057.56
due to
discount
points
increased
from initial
LE to final
CD. Missing
a valid
Change of
Circumstance
with specific
fee increase,
or Post Close
CD, LOX and
copy of
refund check
to borrower.
The COC date
XXX did not
inform
borrower of
amount for
Rate Lock
  3.27.2026 -
COC
provided
  3.27.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 713 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 71.40%; guidelines allow 80%.

                                                                           
300   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   C   B   D   B   A   A   D   A   C   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   LCA score is
>2.5. Clayton
to order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 713 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 71.40%; guidelines allow 80%.

                                                                           
301   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   A   A   D   A   C   A   D   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   Provide
lender QM
determination.
  3/27/2026:
Received Safe
Harbor
determination.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has 10 years in the same profession

 

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has owned the departing primary residence 5.42 years

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30x63 mortgage payment history

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Credit reflects oldest tradeline 4/2003, reporting 0x30

                                                                           
301   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   A   A   D   A   C   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is PIW
approved,
Clayton to
order BPO
  3/25/2026:
BPO provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has 10 years in the same profession

 

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has owned the departing primary residence 5.42 years

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30x63 mortgage payment history

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Credit reflects oldest tradeline 4/2003, reporting 0x30


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
301   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   C   A   D   B   A   A   D   A   C   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has 10 years in the same profession

 

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has owned the departing primary residence 5.42 years

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: 0x30x63 mortgage payment history

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Credit reflects oldest tradeline 4/2003, reporting 0x30

                                                                           
302   XXXXXX   XXXXXX   CO   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   Affiliate
Business
Disclosure
missing
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: 2 years at primary residence.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 4.340%

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 26+ years at present job

                                                                           
303   XXXXXX   XXXXXX   CA   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 assets are $21,927.06 exceed min required reserves of $0.00

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified fico 783 mid score > minimum required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 26.02% is below guideline maximum 45%.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 12.50%

                                                                           
542   XXXXXX   XXXXXX   IL   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 closing assets $27,415.34 (4.77 months PITIA reserves) > min required reserves of $0.00

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Co Borrower has over 20 years at current job

                                                                           
309   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton to
order
BPO
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 746 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 30.77% is below the guideline maximum of 45%.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
309   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton to
order BPO.
  3/25/2026:
Received
BPO not
supporting
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 746 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 30.77% is below the guideline maximum of 45%.

                                                                           
309   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   B   A   A   D   B   A   A   Property
Valuations
  Value   Satisfied   C   A   C   B   PRVAVALU5249   Property
Value
Not
Supported
  No   3/25/2026:
Exception
added after
review of
trailing
docs:
Received
BPO not
supporting
value.
Clayton to
order next
level
review.
  4/2/2026:
Received
Ext 2055
report
supporting
value.
  4/2/2026:
Exception
satisfied.
  Not
Applicable
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 746 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 30.77% is below the guideline maximum of 45%.

                                                                           
390   XXXXXX   XXXXXX   CA   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: ASSETS: $229,206.43- $182,488.13 funds to close = $46,718.25 reserves.$19,486 or 8 months required per AUS$27,232.25 reserves not needed.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 732 score exceeds 620 minimum.

                                                                           
545   XXXXXX   XXXXXX   WA   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   No LCA
score
established.
Clayton to
order desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have40 months mortgage payment history 0x30.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 66.66%; guidelines allow 90%.

 

CFCFS2860: Good credit history

- Clayton Comments: Borrower’s has good credit history. Credit score is 800.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 3.26%

                                                                           
311   XXXXXX   XXXXXX   VA   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: 803 mid score > min required of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 78.20%; guidelines allow 95%.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 40.99% is below the guideline maximum of 45%.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
317   XXXXXX   XXXXXX   NC   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   Assets   Satisfied   C   A   C   A   CRDAST205   Insufficient
Funds to
Close
  No   Provide
evidence of
sufficient
funds, as
per AUS.
Missing
XXX
account
statements
funds, not
in file. Loan
is short
$104,893.66
funds to
close.
  3/30/2026: Docs
uploaded are for
another loan and
the PDF is
corrupt.4/6/2026:
Received
additional assets.
Funds to close
requirement met.
DU requires no
reserves.
  3/30/2026:
Exception
remains.4/6/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified Credit score 779 exceeds guideline minimum of 620

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 80% is below Guidelines maximum of 95%.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 27.12% is below guideline maximum of 45%

                                                                           
318   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   A   C   C   D   C   A   A   D   A   C   C   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   C   C   C   C   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
  Yes   Final CD
XXX loan
disclosure
section
Escrow
account
does not
select why
will not
have an
escrow
account.
  3.27.2026 -
PCCD received
  3.27.2026 -
Exception
satisfied
  Non-Numeric   Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with current employer for more than 6 years.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 737 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 41.96% is below the guideline maximum of 45%.

                                                                           
318   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   C   A   A   D   A   C   C   D   C   A   A   D   A   C   C   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   CU score is
>2.5.
Clayton to
order desk
review.
  3/25/2026: CDA
provided
supports
appraised value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with current employer for more than 6 years.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 737 mid score > min required of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 41.96% is below the guideline maximum of 45%.

                                                                           
547   XXXXXX   XXXXXX   TX   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: The borrowers credit score of 734 exceeds the minimum requirement of 620

 

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has been in current residence, subject property, for 19 years 5 months.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in same profession for 17 years.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
548   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   Property
Valuations
  FEMA   Active   B   B   B   B   PRVAFEMA856   Natural
Disaster
Area, no
subsequent
inspection
(Public)
  No   Missig
inspection
post
FEMA
Disaster
declared
XXX -
XXX.
  (No
Data)
  (No
Data)
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 20+ years at present job

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 35.6% is below guideline maximum 45%.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 54 months mortgage payment history 0x30.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $93,835.89 > min required of $0

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 750 mid score > min required of 620

                                                                           
323   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
  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 credit score 803 exceeds guideline minimum of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified cash reserves $68155.14 exceeds reserve requirement of $0.00

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Verified DTI 43.94 is below guideline maximum of 45% or AUS if approved higher

                                                                           
551   XXXXXX   XXXXXX   MO   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   RESPA   Active   B   B   B   B   CMPRESPA2698   RESPA -
List of
homeowners
counseling
organizations
not in file
  No   There is
no copy of
the HCO
with list of
counseling
agencies
in the file.
  (No
Data)
  (No
Data)
  (No
Data)
  Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: 22+ years in the same profession

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid credit score of 722 > required 620

                                                                           
551   XXXXXX   XXXXXX   MO   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   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
 

CFCFS2854: Significant time in profession

- Clayton Comments: 22+ years in the same profession

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid credit score of 722 > required 620


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
551   XXXXXX   XXXXXX   MO   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   Right of
Rescission
  Active   B   B   B   B   CMPROR1909   Incorrect ROR
Form Used -
H8 Form Used
in Refinance
With Original
Creditor
  No   Same lender
refinance
lender used
H8 ROR form
instead of the
H9 ROR form
for same
lender
refinances.
(XXX is
lender on
Note and
original lender
on Title).
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: 22+ years in the same profession

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid credit score of 722 > required 620

                                                                           
551   XXXXXX   XXXXXX   MO   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   A   C   A   CMPTRID3640   TRID - CD:
Zero tolerance
fee or fees
increased at or
prior to closing
without a valid
reason or the
revised LE/CD
was not timely
disclosed;
insufficient
credit or
refund
provided
  No   Title Exam
was added for
$200, Title
Courier was
added for
$30.00 and
Title Wire
was added for
$15.00 on
initial CD
XXX for an
increase of
$242.00. SPL
is missing
from the
Loan.
  3.30.2026
-SPL
provided
fees were
shoppable
  3.30.2026
-
Exception
satisfied
  Numeric   Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: 22+ years in the same profession

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid credit score of 722 > required 620

                                                                           
551   XXXXXX   XXXXXX   MO   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   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   Written list of
providers was
not provided.
Ten %
tolerance
increased
without a
Valid reason.
Need
evidence of
change of
circumstances.
Fees in
section C
increase by
$678.34.
  3.30.2026
-SPL
provided
fees were
shoppable
  3.30.2026
-
Exception
satisfied
  (No
Data)
  Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: 22+ years in the same profession

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid credit score of 722 > required 620

                                                                           
327   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver (PIW)/
AW
  No   PIW approved
loan. Clayton
to order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 57 months mortgage payment history 0x30.

 

CFCFS2860: Good credit history

- Clayton Comments: Borrower has 0x30 for 372 months

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 734 mid score > min required of 620

                                                                           
327   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   PIW approved
loan. Clayton
to order BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 57 months mortgage payment history 0x30.

 

CFCFS2860: Good credit history

- Clayton Comments: Borrower has 0x30 for 372 months

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 734 mid score > min required of 620


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
555   XXXXXX   XXXXXX   VA   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 (or
CU score
is >2.5.
Clayton
to order
desk
review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Mid score 789, guideline 620

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 54 months mortgage payment history 0x30

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $3,401,533.90 or 710 months PITIA in reserves. No reserves required.

                                                                           
380   XXXXXX   XXXXXX   UT   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
2.7.
Clayton
to order
Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTT 33.27% is below maximum allowed 50%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Reserves are 107 months of PITIA . Required reserves $0

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 771 exceeds minimum required 620.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV 80 % is below maximum allowed 97%.

 

CFCFS2860: Good credit history

- Clayton Comments: No late payments or collections on credit report.

                                                                           
561   XXXXXX   XXXXXX   ID   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with current employer 7 years

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median credit scores 797 exceeds minimum of 620

 

CFCFS2860: Good credit history

- Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #264 months, Credit ratio 12.35%

                                                                           
561   XXXXXX   XXXXXX   ID   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with current employer 7 years

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median credit scores 797 exceeds minimum of 620

 

CFCFS2860: Good credit history

- Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #264 months, Credit ratio 12.35%


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
562   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS2860: Good credit history

- Clayton Comments: 0x30 no derogatory marks

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 7 years with current company

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 14 years in current residence.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 797 fico exceeds minimum 620

                                                                           
408   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   Property
Valuations
  FEMA   Active   B   B   B   B   PRVAFEMA856   Natural
Disaster
Area, no
subsequent
inspection
(Public)
  No   Missing
inspection
post FEMA
Declaration
for XXX
XXX.
Appraisal
date XXX.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median credit scores 787 / 796 exceeds minimum of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $47,428.97 Required Reserves are $0.00

 

CFCFS2860: Good credit history

- Clayton Comments: Consumer debt 0x30 x greater than 99 months

                                                                           
563   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   C   B   D   B   A   A   D   A   C   B   Compliance   TILA/
RESPA
Integrated
Disclosure
  Satisfied   C   B   C   B   CMPTRID3640   TRID -
CD: Zero
tolerance
fee or fees
increased
at or prior
to closing
without a
valid
reason or
the revised
LE/CD
was not
timely
disclosed;
insufficient
credit or
refund
provided
  No   Zero Percent
Tolerance
Violation due
to increase in
Credit Report
fee $175 from
LE XXX to
$487.20 on
Final CD
2/6/26
without a
valid Change
in
Circumstance.
Zero
tolerance cure
credit of
$287.64 on
final CD not
sufficient
($25.56 less).
Requires CIC,
or corrected
PCCD, copy
of refund
check, LOX
and
verification of
shipping.
  4.2.2026 -
Cure
provided
via
PCCD,
LOX,
check and
proof of
delivery.
  4.2.2026 -
Exception
satisfied
  Numeric   Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $254,022.85/ 68 months PITIA > min required of $0.00

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 57 months mortgage payment history 0x30.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 45.48% is below guideline maximum 50%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 774 mid score > min required of 620

                                                                           
563   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   A   C   B   D   B   A   A   D   A   C   B   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   LCA
Returned no
score.
Clayton to
order Desk
Review.
  3/25/2026:
CDA
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $254,022.85/ 68 months PITIA > min required of $0.00

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have 57 months mortgage payment history 0x30.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 45.48% is below guideline maximum 50%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 774 mid score > min required of 620


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
564   XXXXXX   XXXXXX   NC   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
the seller
CD.
  3.30.2026
-Seller CD
provided.
  3.30.2026
-
Exception
satisfied
  Not
Applicable
  Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower 1 has been in same profession for 15 years. Borrower 2 has been in same profession for 30 years.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $157,500.92 exceed required $0.00 reserves.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 35.35% is below guideline maximum 45%.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines at 1.50% .

                                                                           
411   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 21+ years at present job

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 65.75%; guidelines allow 95%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 776 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 0.00%

                                                                           
566   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 813 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 6.07%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $356,841.93 / 82.19 months PITIA > min required of $0

                                                                           
566   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No Data)   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 813 mid score > min required of 620

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 6.07%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $356,841.93 / 82.19 months PITIA > min required of $0


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
365   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 744 exceeds the guideline minimum of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI of 32.30% is below the maximum of 45%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified cash reserves of $205,176.85 or 53.18 mos. PITIA. DU required reserves = $0.00

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 7.69%

                                                                           
365   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 744 exceeds the guideline minimum of 620

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI of 32.30% is below the maximum of 45%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified cash reserves of $205,176.85 or 53.18 mos. PITIA. DU required reserves = $0.00

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 7.69%

                                                                           
378   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 18+ years at present job

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 31.32 is below guideline maximum 45%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 788 mid score > min required of 620

                                                                           
367   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   C   A   A   A   A   C   C   C   C   A   A   A   A   C   C   Compliance   Texas
Home
Equity
  Active   C   C   C   C   CMPTXHE119   Texas
Equity -
Affidavit
of Fair
Market
Value not
signed by
lender
  Yes   Missing
LO
signature
on FMV.
  (No Data)   (No Data)   (No
Data)
  Not
Applicable
 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: Mortgages paid as agreed with no lates since 2018

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 760 mid score > min required of 620

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 7 years at primary residence

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 20.59 %


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
414   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   A   A   B   B   C   A   C   B   A   A   B   B   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   Loan
declared
QM Safe
Harbor
(APOR)
from
lender/
client;
Clayton
status is
NONQM
due to fees
too high
(adjusted
charges are
$25,305.00,
max
allowed is
$23,130.93;
($2,174.07
too high).
  3/27/2026:
Received
bonafide fee
docs. Loan is
now Safe
Harbor and
fees <3%.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 60 Months verified no 30x lates

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Qualifying DTI 23.62 below 50% max

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying 726 FICO exceeds minimum 620 Fico requirements

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $71,757.27 (14.06 months PITIA reserves) > min required reserves of $0

                                                                           
414   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   A   A   B   B   C   A   C   B   A   A   B   B   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   Loan
declared
QM Safe
Harbor
(APOR)
from
lender/
client;
Clayton
status is
NONQM
due to fees
too high
(adjusted
charges are
$25,305.00,
max
allowed is
$23,130.93;
($2,174.07
too high).
  3/27/2026:
Received
bonafide fee
docs. Loan is
now Safe
Harbor and
fees <3%.
  3/27/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 60 Months verified no 30x lates

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Qualifying DTI 23.62 below 50% max

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying 726 FICO exceeds minimum 620 Fico requirements

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $71,757.27 (14.06 months PITIA reserves) > min required reserves of $0

                                                                           
414   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   A   A   B   B   C   A   C   B   A   A   B   B   C   A   Property
Valuations
  FEMA   Waived   B   B   B   B   PRVAFEMA856   Natural
Disaster Area,
no subsequent
inspection
(Public)
  No   FEMA
declaration
for XXX
XXX and
appraisal
date XXX.
  3/27/2026:
Client
acknowledges
Level 2
exception.
  3/27/2026:
Waived
non-
material.
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 60 Months verified no 30x lates

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Qualifying DTI 23.62 below 50% max

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying 726 FICO exceeds minimum 620 Fico requirements

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $71,757.27 (14.06 months PITIA reserves) > min required reserves of $0

                                                                           
395   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/AW
  No   Loan is
PIW
approved,
Clayton to
order BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 716 mid score > min required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $25,259.18 or 5.46 months of PITIA.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit usage ration 0.67%.


Deal
ID
  Loan
Number
  Original
Principal
Balance
  State   Initial
Lender
ATR/
QM
Status
  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
                                                                           
395   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 716 mid score > min required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $25,259.18 or 5.46 months of PITIA.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit usage ration 0.67%.

                                                                           
393   XXXXXX   XXXXXX   SC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: ASSETS: $231,124.22 - $121,151,52 funds to close = $109,972.70 reserves.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Good mortgage pay history 0x30 since 2013 per CR.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 708 score exceeds 620 minimum.

                                                                           
393   XXXXXX   XXXXXX   SC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
PIW
approved.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: ASSETS: $231,124.22 - $121,151,52 funds to close = $109,972.70 reserves.

 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Good mortgage pay history 0x30 since 2013 per CR.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 708 score exceeds 620 minimum.

                                                                           
417   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   C   B   C   A   PRVAAPPR5454   Loan File
contains
Property
Inspection
Waiver
(PIW)/
AW
  No   Loan is
PIW
approved,
Clayton
to order
BPO
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 35.44% is below guideline maximum 45%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $52,426.83 or 8.75 months of PITI > min required of $0.00.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 741 mid score > min required of 620

                                                                           
417   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   A   A   D   B   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   Loan is
approved
PIW.
Clayton
to order
BPO.
  3/25/2026:
BPO
provided
supports
appraised
value.
  3/25/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 35.44% is below guideline maximum 45%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $52,426.83 or 8.75 months of PITI > min required of $0.00.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 741 mid score > min required of 620

                                                                           
392   XXXXXX   XXXXXX   TN   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 Assets are $49031.94 or x 13.20 months of P&I

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 723 fico score exceeds guidelines 620

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 6 years at current residence


Client Name:    PennyMac   
Client Project Name:    PNMAC PMTLT 2026-CNF4 J16696   

 

Conditions Report 2.0

 

  
Loans in Report:    255   
Loans with Conditions:    205   

 

Deal
ID
  Loan
Number
   Lender
Application
Date
   Broker
Application
Date
   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
   Did Lender
Acknowledge
Exception at
Origination
418   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
3   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
5   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
421   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    B    A    A    A    D    A    D    A    B    A    A    A    D    A    Not Applicable
13   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
16   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
19   XXXXXX    XXXXXX    XXXXXX    D    B    C    A    A    A    D    B    D    B    C    A    A    A    D    B    No
22   XXXXXX    XXXXXX    XXXXXX    D    B    C    A    D    B    A    A    D    A    C    A    D    A    A    A    Not Applicable
25   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
423   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    No
424   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
28   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    No
425   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
428   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    No
429   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
431   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
371   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    A    A    D    B    D    B    A    A    A    A    D    B    Not Applicable
370   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
432   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
433   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
350   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    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
33   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
34   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
35   XXXXXX    XXXXXX    XXXXXX    D    B    C    A    D    A    C    B    D    B    C    A    D    A    C    B    Not Applicable
37   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    B    A    A    D    B    A    A    No


Deal
ID
  Loan
Number
   Lender
Application
Date
   Broker
Application
Date
  

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
   Did Lender
Acknowledge
Exception at
Origination
437   XXXXXX    XXXXXX    XXXXXX    D    A    D    A    A    A    A    A    D    A    D    A    A    A    A    A    No
439   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
42   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
43   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    No
44   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
442   XXXXXX    XXXXXX    XXXXXX    D    B    D    A    C    B    A    A    D    A    D    A    C    A    A    A    No
47   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
443   XXXXXX    XXXXXX    XXXXXX    D    B    B    B    D    A    C    A    D    B    B    B    D    A    C    A    Not Applicable
49   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
53   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
444   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    No
55   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
59   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
60   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
66   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
67   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
69   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
71   XXXXXX    XXXXXX    XXXXXX    D    B    D    A    D    B    C    A    D    A    D    A    D    A    C    A    Not Applicable
72   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    A    B    B    D    B    A    A    D    A    B    B    No
446   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
76   XXXXXX    XXXXXX    XXXXXX    D    D    A    A    D    D    A    A    D    D    A    A    D    D    A    A    No
77   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
82   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
448   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    D    A    D    A    A    A    D    A    D    A    Not Applicable
386   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    C    A    D    A    A    A    D    A    C    A    Not Applicable
88   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    No
347   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
92   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    C    A    D    A    A    A    D    A    C    A    Not Applicable
449   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
97   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    D    A    D    A    A    A    D    A    D    A    Not Applicable
99   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    B    A    A    D    B    A    A    Not Applicable
100   XXXXXX    XXXXXX    XXXXXX    D    A    D    A    D    A    C    A    D    A    D    A    D    A    C    A    Not Applicable
101   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
102   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
103   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
106   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No


Deal
ID
  Loan
Number
   Lender
Application
Date
   Broker
Application
Date
   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
   Did Lender
Acknowledge
Exception at
Origination
107   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
111   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
112   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
113   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
114   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
451   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
452   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
115   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
454   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    C    A    D    B    A    A    D    B    C    A    Not Applicable
119   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    No
455   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
121   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
355   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    No
122   XXXXXX    XXXXXX    XXXXXX    D    C    A    A    D    C    A    A    D    C    A    A    D    C    A    A    Not Applicable
123   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
456   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    B    A    A    D    B    A    A    Not Applicable
126   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    B    B    D    B    A    A    D    A    B    B    Not Applicable
457   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
127   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    No
128   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
129   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
131   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
132   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    No
459   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
133   XXXXXX    XXXXXX    XXXXXX    C    B    A    A    C    B    A    A    C    A    A    A    C    A    A    A    No
461   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
462   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    B    A    A    D    B    A    A    Not Applicable
463   XXXXXX    XXXXXX    XXXXXX    D    A    D    A    D    A    D    A    D    A    D    A    D    A    D    A    No
134   XXXXXX    XXXXXX    XXXXXX    D    C    A    A    D    C    A    A    D    C    A    A    D    C    A    A    Not Applicable
136   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
140   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
141   XXXXXX    XXXXXX    XXXXXX    C    B    A    A    C    B    A    A    C    A    A    A    C    A    A    A    Not Applicable
143   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
468   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
144   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable


Deal
ID
  Loan
Number
   Lender
Application
Date
   Broker
Application
Date
   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
   Did Lender
Acknowledge
Exception at
Origination
145   XXXXXX    XXXXXX    XXXXXX    D    B    D    A    D    B    D    A    D    A    D    A    D    A    D    A    Not Applicable
148   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
382   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    B    B    D    B    A    A    D    A    B    B    Not Applicable
150   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
151   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    No
476   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    C    B    D    B    A    A    D    A    C    B    No
478   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    C    A    D    A    A    A    D    A    C    A    Not Applicable
479   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    A    B    B    D    B    A    A    D    A    B    B    No
483   XXXXXX    XXXXXX    XXXXXX    D    A    C    A    D    A    C    A    D    A    C    A    D    A    C    A    No
485   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
384   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
486   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
375   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
154   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
488   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
388   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
491   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
492   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
494   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    No
374   XXXXXX    XXXXXX    XXXXXX    D    C    A    A    D    C    A    A    D    C    A    A    D    C    A    A    Not Applicable
497   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
340   XXXXXX    XXXXXX    XXXXXX    D    B    C    A    D    B    A    A    D    A    C    A    D    A    A    A    Not Applicable
499   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
500   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
501   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    B    A    A    D    B    A    A    No
502   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
155   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    D    A    D    A    A    A    D    A    D    A    Not Applicable
158   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
166   XXXXXX    XXXXXX    XXXXXX    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    No
339   XXXXXX    XXXXXX    XXXXXX    D    B    C    A    D    B    D    A    D    A    C    A    D    A    D    A    Not Applicable
168   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
170   XXXXXX    XXXXXX    XXXXXX    D    A    C    A    D    A    D    A    D    A    C    A    D    A    D    A    No
172   XXXXXX    XXXXXX    XXXXXX    D    A    D    A    A    A    A    A    D    A    D    A    A    A    A    A    Not Applicable
506   XXXXXX    XXXXXX    XXXXXX    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    Not Applicable


Deal
ID
  Loan
Number
   Lender
Application
Date
   Broker
Application
Date
   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
   Did Lender
Acknowledge
Exception at
Origination
176   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
177   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
178   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
179   XXXXXX    XXXXXX    XXXXXX    D    D    D    D    A    A    C    C    D    D    D    D    A    A    C    C    No
181   XXXXXX    XXXXXX    XXXXXX    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    No
183   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
342   XXXXXX    XXXXXX    XXXXXX    D    D    D    D    C    C    D    D    D    D    D    D    C    C    D    D    Not Applicable
508   XXXXXX    XXXXXX    XXXXXX    D    B    D    A    D    B    D    A    D    A    D    A    D    A    D    A    No
186   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
509   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
189   XXXXXX    XXXXXX    XXXXXX    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    No
190   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    No
191   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
512   XXXXXX    XXXXXX    XXXXXX    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    Not Applicable
354   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
515   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
518   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
351   XXXXXX    XXXXXX    XXXXXX    D    B    D    A    D    B    D    A    D    A    D    A    D    A    D    A    Not Applicable
519   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
356   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
193   XXXXXX    XXXXXX    XXXXXX    D    A    C    A    D    A    C    A    D    A    C    A    D    A    C    A    No
194   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
569   XXXXXX    XXXXXX    XXXXXX    D    A    D    A    A    A    D    A    D    A    D    A    A    A    D    A    No
196   XXXXXX    XXXXXX    XXXXXX    C    B    C    A    A    A    C    B    C    B    C    A    A    A    C    B    No
197   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    A    B    B    D    B    A    A    D    A    B    B    Not Applicable
199   XXXXXX    XXXXXX    XXXXXX    D    A    D    A    A    A    A    A    D    A    D    A    A    A    A    A    Not Applicable
205   XXXXXX    XXXXXX    XXXXXX    D    A    C    A    D    A    D    A    D    A    C    A    D    A    D    A    Not Applicable
206   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    A    B    B    D    B    A    A    D    A    B    B    Not Applicable
207   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
208   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
209   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
211   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
568   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
214   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    B    B    D    B    A    A    D    A    B    B    No
217   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable


Deal
ID
  Loan
Number
   Lender
Application
Date
   Broker
Application
Date
   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
   Did Lender
Acknowledge
Exception at
Origination
219   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
220   XXXXXX    XXXXXX    XXXXXX    D    A    D    A    D    A    D    A    D    A    D    A    D    A    D    A    Not Applicable
221   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
222   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    No
224   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    No
229   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
230   XXXXXX    XXXXXX    XXXXXX    D    C    C    A    D    C    C    B    D    C    C    A    D    C    C    B    Not Applicable
235   XXXXXX    XXXXXX    XXXXXX    D    B    D    B    D    B    A    A    D    B    D    B    D    A    A    A    Yes
238   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
521   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
240   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    No
399   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
249   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
250   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    B    A    A    D    B    A    A    No
251   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    B    A    A    D    B    A    A    Not Applicable
404   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
253   XXXXXX    XXXXXX    XXXXXX    D    B    D    A    A    A    B    B    D    B    D    A    A    A    B    B    Not Applicable
254   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
257   XXXXXX    XXXXXX    XXXXXX    D    B    C    A    D    B    D    A    D    A    C    A    D    A    D    A    Not Applicable
258   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    B    B    D    B    A    A    D    A    B    B    No
523   XXXXXX    XXXXXX    XXXXXX    D    D    D    D    A    A    A    A    D    D    D    D    A    A    A    A    No
260   XXXXXX    XXXXXX    XXXXXX    D    D    A    A    D    D    B    B    D    D    A    A    D    D    B    B    Not Applicable
263   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
264   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    A    C    B    D    B    A    A    D    A    C    B    Not Applicable
265   XXXXXX    XXXXXX    XXXXXX    C    B    A    A    C    B    A    A    C    A    A    A    C    A    A    A    Not Applicable
267   XXXXXX    XXXXXX    XXXXXX    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    No
268   XXXXXX    XXXXXX    XXXXXX    D    C    A    A    D    C    B    B    D    C    A    A    D    C    B    B    Not Applicable
526   XXXXXX    XXXXXX    XXXXXX    D    B    C    A    D    A    B    B    D    B    C    A    D    A    B    B    Not Applicable
567   XXXXXX    XXXXXX    XXXXXX    D    A    C    A    D    A    A    A    D    A    C    A    D    A    A    A    No
409   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
272   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
274   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
275   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    No
278   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    C    A    D    A    A    A    D    A    C    A    No
394   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable


Deal
ID
  Loan
Number
   Lender
Application
Date
   Broker
Application
Date
   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
   Did Lender
Acknowledge
Exception at
Origination
279   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    A    B    B    D    B    A    A    D    A    B    B    Not Applicable
280   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
281   XXXXXX    XXXXXX    XXXXXX    D    A    D    A    A    A    A    A    D    A    D    A    A    A    A    A    No
284   XXXXXX    XXXXXX    XXXXXX    C    B    A    A    A    A    C    B    C    B    A    A    A    A    C    B    Not Applicable
287   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    B    B    D    B    A    A    D    A    B    B    Not Applicable
532   XXXXXX    XXXXXX    XXXXXX    D    B    D    A    A    A    C    B    D    B    D    A    A    A    C    B    No
289   XXXXXX    XXXXXX    XXXXXX    D    B    B    B    C    B    D    A    D    B    B    B    C    A    D    A    Not Applicable
291   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
407   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
292   XXXXXX    XXXXXX    XXXXXX    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    Not Applicable
533   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
294   XXXXXX    XXXXXX    XXXXXX    D    B    C    A    D    B    A    A    D    A    C    A    D    A    A    A    Not Applicable
295   XXXXXX    XXXXXX    XXXXXX    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    Not Applicable
296   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
534   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    B    B    D    B    A    A    D    A    B    B    Not Applicable
297   XXXXXX    XXXXXX    XXXXXX    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    Not Applicable
298   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    No
536   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
299   XXXXXX    XXXXXX    XXXXXX    D    B    C    A    D    A    C    B    D    B    C    A    D    A    C    B    Not Applicable
300   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    A    C    B    D    B    A    A    D    A    C    B    Not Applicable
301   XXXXXX    XXXXXX    XXXXXX    D    B    C    A    D    B    A    A    D    A    C    A    D    A    A    A    No
302   XXXXXX    XXXXXX    XXXXXX    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    Not Applicable
303   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
542   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
309   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    B    A    A    D    B    A    A    Not Applicable
390   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
545   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    No
311   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
317   XXXXXX    XXXXXX    XXXXXX    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    Not Applicable
318   XXXXXX    XXXXXX    XXXXXX    D    C    A    A    D    A    C    C    D    C    A    A    D    A    C    C    Not Applicable
547   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    No
548   XXXXXX    XXXXXX    XXXXXX    B    B    A    A    B    B    A    A    B    B    A    A    B    B    A    A    Not Applicable
323   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable


Deal
ID
  Loan
Number
   Lender
Application
Date
   Broker
Application
Date
   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
   Did Lender
Acknowledge
Exception at
Origination
551   XXXXXX    XXXXXX    XXXXXX    C    B    A    A    A    A    C    B    C    B    A    A    A    A    C    B    No
327   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
555   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Not Applicable
380   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    D    A    A    A    D    A    A    A    D    A    A    A    Yes
561   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
562   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
408   XXXXXX    XXXXXX    XXXXXX    B    B    A    A    B    B    A    A    B    B    A    A    B    B    A    A    Not Applicable
563   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    A    C    B    D    B    A    A    D    A    C    B    No
564   XXXXXX    XXXXXX    XXXXXX    D    A    A    A    A    A    D    A    D    A    A    A    A    A    D    A    Not Applicable
411   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
566   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
365   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
378   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable
367   XXXXXX    XXXXXX    XXXXXX    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    Not Applicable
414   XXXXXX    XXXXXX    XXXXXX    C    B    A    A    B    B    C    A    C    B    A    A    B    B    C    A    No
395   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
393   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
417   XXXXXX    XXXXXX    XXXXXX    D    B    A    A    D    B    A    A    D    A    A    A    D    A    A    A    Not Applicable
392   XXXXXX    XXXXXX    XXXXXX    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    Not Applicable