EXHIBIT 99.25

CANOPY EXCEPTIONS REPORT

Deal ID

Loan ID

Seller Loan ID

Investor Loan ID

Overall Initial Loan Grade

Overall Final Loan Grade

Credit Initial Loan Grade

Credit Current/Final Loan Grade

Compliance Initial Loan Grade

Compliance Current/Final Loan Grade

Property Initial Loan Grade

Property Current/Final Loan Grade

Queue

Finding Code

Date Created

Date Modified

Finding Status

Event Level

Initial Finding Grade

Current/Final Finding Grade

Finding Category

Finding Sub Category

Finding Name

Finding Comments

Seller Comments

Resolution Comments

Reviewer Comp Factor

Originator Comp Factors

Finding Documents

Originator QM Status

Final Reviewed QM Status

Loan Amount

Property State

Occupancy

Loan Purpose

Refinance Purpose

Acknowledged / WaivedBy

Waiver in File?

Unique Finding ID

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

xxx

Closed

FCRE1182

2026-02-19 08:49

2026-02-20 11:23

Resolved

1 - Information

Credit

Missing Doc - Approval Info

Underwriting Summary Not Provided

Resolved-1008/Underwriting Summary is fully present - Due Diligence Vendor-02/20/2026

Ready for Review-Document Uploaded. here you go - sorry about that - Seller-02/19/2026

Open-1008/Underwriting Summary Not Provided - Due Diligence Vendor-02/19/2026

Ready for Review-Document Uploaded. here you go - sorry about that - Seller-02/19/2026

Resolved-1008/Underwriting Summary is fully present - Due Diligence Vendor-02/20/2026

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 84.54 Are Greater Than The Guideline Minimum Of 0 By Six (6) Or More Months
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 620 By Twenty (20) or More Points

xxx

ATR/QM: Not Applicable

xxx

Investment

Refinance

Cash Out - Other

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

142

xxx

Closed

FCRE8201

2026-02-20 17:20

2026-02-20 17:23

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-Client waived based on compensating factors. - Due Diligence Vendor-02/20/2026

Open-Budget for reserves needed as condo is in litigation. - Due Diligence Vendor-02/20/2026

Waived-Client waived based on compensating factors. - Due Diligence Vendor-02/20/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.15
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 8.79 Years
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 7.6% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 66.86% Is Below The Guideline Maximum Of 85% By Ten Percent (10%) Or More
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 42.39 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 9.00 Years
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

Originator Pre-Close

Yes

xxx

Closed

FCRE1316

2026-02-19 02:28

2026-02-22 12:46

Resolved

1 - Information

Credit

Missing Doc - Employment

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-02/22/2026
Ready for Review-The SOS for xxx was provided in the initial shipping package page 28, dated xxx which is 3 days prior to the Note date xxx. - Buyer-02/20/2026
Open-Borrower 1 3rd Party VOE Prior to Close Missing in file - Due Diligence Vendor-02/19/2026

Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-02/22/2026

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 16.68 Years
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 12.65% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 25.00 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 46.14 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Closed

FCRE1292

2026-02-20 04:48

2026-02-24 08:11

Resolved

1 - Information

Credit

Income

Income 1 Months Income Verified is Missing

Resolved-Income 1 Months Income Verified is Present Or Not Applicable - Due Diligence Vendor-02/24/2026

Ready for Review-Document Uploaded. WVOE uploaded for review. - Buyer-02/23/2026

Open-Income 1 Months Income Verified is Missing - Income doc Missing for Wage Income - Due Diligence Vendor-02/20/2026

Resolved-Income 1 Months Income Verified is Present Or Not Applicable - Due Diligence Vendor-02/24/2026

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 17.87 Years
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 17.87 Years
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.0
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 70% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 61.77 Are Greater Than The Guideline Minimum Of 9 By Six (6) Or More Months
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 37.5% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

Closed

FCRE1293

2026-02-20 04:48

2026-02-24 08:11

Resolved

1 - Information

Credit

Income

Income 2 Months Income Verified is Missing

Resolved-Income 2 Months Income Verified is Present Or Not Applicable - Due Diligence Vendor-02/24/2026

Ready for Review-Document Uploaded. WVOE uploaded for review. - Buyer-02/23/2026

Open-Income 2 Months Income Verified is Missing - Income doc Missing for Bonus Income - Due Diligence Vendor-02/20/2026

Resolved-Income 2 Months Income Verified is Present Or Not Applicable - Due Diligence Vendor-02/24/2026

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

121

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Closed

FCOM3740

2026-03-12 12:19

2026-03-13 10:13

Resolved

1 - Information

Compliance

Closing Package

Missing Closing Package

Resolved-Lender provided updated docs. - Due Diligence Vendor-03/13/2026

Ready for Review-Document Uploaded. There was a partial redraw, documentation uploaded for review. - Buyer-03/12/2026

Open-Missing Closing Package Missing Closing Package. - Due Diligence Vendor-03/12/2026

Resolved-Lender provided updated docs. - Due Diligence Vendor-03/13/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Validated Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.07
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Validated Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 10.00 Years
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Validated Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 6.27 Years
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Validated Calculated DTI Of 21.38% Is Less Than The Guideline Maximum Of 45% By Five Percent (5%) Or More
Borrower At Current Residence For Five (5) Or More Years - Validated Borrower At Current Residence For Five (5) Or More Years - 10.00 Years
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Validated Original LTV Of 25.42% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Validated Months Reserves Of 66.12 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Validated Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points

xxx

ATR/QM: Not Applicable

xxx

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

xxx

Closed

FCRE1197

2026-02-24 15:13

Waived

2 - Non-Material

Credit

Eligibility

Audited FICO is less than Guideline FICO

Waived-Audited FICO of xxx is less than Guideline FICO of 700 Need 700 •co score with loan amount over xxx mil. Borrower •co xxx. exception approved pg 452 - Due Diligence Vendor-02/24/2026

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 8.79 Years

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 16.3 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Borrower 2 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 2 Has Stable Job Time Of Five (5) Or More Years At Current Job - 8.79 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 33.37% Is Less Than The Guideline Maximum Of 45% By Five Percent (5%) Or More

Borrowers have been self employed over 8 years.Borrowers have good reserves. Borrower also owns another business and income and
assets are not being used for quali•cation. Borrowesr habe established credit
Compensating Factors: 5+ yrs of Job/ Self- Employed
DTI 5% below Max
Reserves > 6 mos Min
5+ years Business Ownership

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

Originator Pre-Close

Yes

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

138

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

xxx

Closed

FCRE1294

2026-02-25 07:38

2026-02-27 10:42

Resolved

1 - Information

Credit

Income

Income 3 Months Income Verified is Missing

Resolved-Income 3 Months Income Verified is Present Or Not Applicable - Due Diligence Vendor-02/27/2026
Ready for Review-Document Uploaded. Submitted revised 1003 and 1008 with removal of xxx income source that was left in error. - Buyer-02/26/2026
Open-Income 3 Months Income Verified is Missing There is an other income reflecting in 1003 however we wouldn't identify what is the income for (xxx), provide the documents - Due Diligence Vendor-02/25/2026

Resolved-Income 3 Months Income Verified is Present Or Not Applicable - Due Diligence Vendor-02/27/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.06
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 29.78 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 26.00 Years
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 26.15 Years
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 73.91% Is Below The Guideline Maximum Of 90% By Ten Percent (10%) Or More
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 16.25% Is Less Than The Guideline Maximum Of 45% By Five Percent (5%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

114

xxx

Closed

FCRE8611

2026-02-27 14:34

2026-02-27 14:36

Waived

2 - Non-Material

Credit

Income

Income/Employment General

Waived-Client granted exception for using rental income from departing primary based on compensating factors provided. - Due Diligence Vendor-02/27/2026

Open-Lender is using departing residence converting to investment guidelines for the subject property on a refinance transaction yet the property is not rented yet which is not allowed per guidelines. - Due Diligence Vendor-02/27/2026

FICO > 20 points over min; 0x30x24+; multiple paid as agreed mortgages 0x30; Residual income xxx; - 02/27/2026

Waived-Client granted exception for using rental income from departing primary based on compensating factors provided. - Due Diligence Vendor-02/27/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.0
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points

ATR/QM: Not Applicable

xxx

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

xxx

117

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

119

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

104

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

140

xxx

ATR/QM: Not Applicable

xxx

Investment

Refinance

No Cash Out - Borrower Initiated

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

136

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Second Home

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

123

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

xxx

Closed

FCRE1437

2026-03-03 16:24

2026-03-03 16:26

Waived

2 - Non-Material

Credit

Income

Income and Employment Do Not Meet Guidelines

Waived-Client provided guideline exception allowing for the use of rental income amount based on compensating factors. - Due Diligence Vendor-03/03/2026
Open-Excepeption to use xxx for the investment property currently listed for rent. - Due Diligence Vendor-03/03/2026

Waived-Client provided guideline exception allowing for the use of rental income amount based on compensating factors. - Due Diligence Vendor-03/03/2026

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 43.65% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 11.00 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 18.57 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.16

FICO > 20+ points over min; Reserves > 6 months over min;

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

Originator Pre-Close

Yes

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

116

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

135

xxx

Closed

FPRO1242

2026-03-03 05:17

2026-03-04 08:45

Resolved

1 - Information

Property

Missing Doc - Appraisal

Appraisal is Missing

Resolved-Appraisal has been provided - Due Diligence Vendor-03/04/2026

Ready for Review-Document Uploaded. - Buyer-03/03/2026

Open-Appraisal is Missing Appraisal 1073 Document is Missing in File, Require Full 1073 Form Appraisal subject property is Condominium. - Due Diligence Vendor-03/03/2026

Resolved-Appraisal has been provided - Due Diligence Vendor-03/04/2026

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 69.11% Is Below The Guideline Maximum Of 85% By Ten Percent (10%) Or More
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 109.64 Are Greater Than The Guideline Minimum Of 9 By Six (6) Or More Months
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 5.97 Years
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.01
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

ATR/QM: Not Applicable

xxx

Investment

Refinance

Cash Out - Other

xxx

Closed

FCRE1437

2026-03-04 17:23

2026-03-04 17:24

Waived

2 - Non-Material

Credit

Income

Income and Employment Do Not Meet Guidelines

Waived-Client exception granted with compensating factors to allow the use of 2 1099s for 1099 only program. - Due Diligence Vendor-03/04/2026

Open-Guideline does not allow 1099's from multiple sources to be utilized under 1099 only program. - Due Diligence Vendor-03/04/2026

Waived-Client exception granted with compensating factors to allow the use of 2 1099s for 1099 only program. - Due Diligence Vendor-03/04/2026

Reserves > 6 month minimum; FICO 20+ points over minimum

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

Originator Pre-Close

Yes

xxx

132

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Closed

FCRE1159

2026-03-02 23:26

2026-03-06 14:06

Resolved

1 - Information

Credit

Insurance

Hazard Insurance Effective Date is after the Disbursement Date

Resolved-Hazard Insurance Effective Date of xxx is prior to or equal to the Disbursement Date of xxx Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-03/06/2026
Ready for Review-Document Uploaded. Submitted PCCD with correct disbursement date and disclosure tracking - Buyer-03/05/2026
Open-Hazard Insurance Effective Date of xxx is after the Disbursement Date of xxx Required Updated Insurance doc with effective date on or before Disbursement date of xxx. - Due Diligence Vendor-03/03/2026

Resolved-Hazard Insurance Effective Date of xxx is prior to or equal to the Disbursement Date of xxx Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-03/06/2026

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 97.43 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 6.70 Years
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.04
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 37.2% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 34.53% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

137

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Closed

FCRE1143

2026-03-07 02:06

2026-03-18 11:04

Resolved

1 - Information

Credit

Eligibility

Builder is in control of HOA

Resolved-HOA questionnaire states Estimated date the transfer will occur: Estimated date the transfer will occur: xxx
- Due Diligence Vendor-03/18/2026
Ready for Review-Document Uploaded. Please see page 2 number 2 - will be transferred in 2027 less than 2 years. - Seller-03/17/2026
Open- - Due Diligence Vendor-03/11/2026
Rescinded-The Builder is in control of the HOA Provide the Master Agreement that allows the homeowners to take control of either a predetermined percentage of unit sales or within a defined time frame, up to two (2) years. - Due Diligence Vendor-03/11/2026

Ready for Review-Document Uploaded. Please see page 2 number 2 - will be transferred in 2027 less than 2 years. - Seller-03/17/2026

Resolved-HOA questionnaire states Estimated date the transfer will occur: Estimated date the transfer will occur: xxx
- Due Diligence Vendor-03/18/2026
Rescinded-The Builder is in control of the HOA Provide the Master Agreement that allows the homeowners to take control of either a predetermined percentage of unit sales or within a defined time frame, up to two (2) years. - Due Diligence Vendor-03/11/2026

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 60% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 740 By Twenty (20) or More Points
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 10.79 Are Greater Than The Guideline Minimum Of 0 By Six (6) Or More Months

xxx-Condo-Questionnaire.pdf

ATR/QM: Not Applicable

xxx

Investment

Purchase

N/A

xxx

124

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Second Home

Purchase

xxx

Closed

FCRE1241

2026-03-05 00:55

2026-03-06 13:05

Resolved

1 - Information

Credit

Missing Doc - Property

Purchase Contract is Missing

Resolved-Purchase Contract Issue Resolved - Due Diligence Vendor-03/06/2026

Ready for Review-In lieu of a traditional purchase contract the initial shipping package contains the addition/amended and sales escrow instructions pages 462-520. The property was not marketed or sold via a real estate broker as supported by the seller CD pages 622-625. - Buyer-03/06/2026

Open-Purchase Contract Is Missing - Due Diligence Vendor-03/05/2026

Resolved-Purchase Contract Issue Resolved - Due Diligence Vendor-03/06/2026

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 15.00 Years

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.03

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 5.99 Years

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

115

xxx

Closed

FCRE5474

2026-03-06 14:19

2026-03-06 14:23

Waived

2 - Non-Material

Credit

Eligibility

Condo project is ineligible per guidelines

Waived-Client provided guideline exception based on comp factors provided. - Due Diligence Vendor-03/06/2026

Open-Condo project does not meet guidelines. Subject is a condo with both Private condo units and 5 leased hotel Units- single entity ownership is at 43% which exceeds the max. - Due Diligence Vendor-03/06/2026

Waived-Client provided guideline exception based on comp factors provided. - Due Diligence Vendor-03/06/2026

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 30.00 Years
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 26.08% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.14

LTV < max; DTI < max; Residual income > min; reserves > min

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

Originator Pre-Close

Yes

xxx

122

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

127

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

126

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

110

xxx

Closed

FCRE7287

2026-03-10 16:06

2026-03-10 16:11

Waived

2 - Non-Material

Credit

Eligibility

Property has been listed for sale in the past six months

Waived-Client provided guideline exception based on compensating factors. - Due Diligence Vendor-03/10/2026

Open-Property listed in the last 6 months. - Due Diligence Vendor-03/10/2026

Waived-Client provided guideline exception based on compensating factors. - Due Diligence Vendor-03/10/2026

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Validated Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Validated Original LTV Of 72.94% Is Below The Guideline Maximum Of 85% By Ten Percent (10%) Or More

FICO > 20 point above min; > 1 year as real estate investor; 0x30x24+; multiple paid as agreed mortgages 0x30;

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

xxx

Closed

FCRE1158

2026-03-10 22:23

2026-03-11 15:33

Resolved

1 - Information

Credit

Missing Doc - Insurance

Hazard Insurance Policy is Partial

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/11/2026
Ready for Review-The complete HOI was provided in the initial shipping package page 281 which denotes the annual premium as xxx, please advise. - Buyer-03/11/2026
Open- Hazard Insurance Policy Partially Provided - Document is incomplete or missing required policy information. The hazard insurance document provided is incomplete and missing required policy information. Please provide a complete hazard insurance policy for the subject property reflecting an annual premium amount of xxx. - Due Diligence Vendor-03/11/2026

Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/11/2026

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Validated Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Validated Calculated DTI Of 5.71% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Validated Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 11.30 Years
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Validated Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.0
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Validated Months Reserves Of 18.32 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Validated Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 40.00 Years

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

Closed

FCRE2000

2026-03-10 22:13

2026-03-11 15:25

Resolved

1 - Information

Credit

Missing Doc - Property

Incomplete or Unexecuted Purchase Contract

Resolved-Purchase Contract Issue Resolved - Due Diligence Vendor-03/11/2026

Ready for Review-The full "Residential Purchase Agreement" was provided in the initial shipping package pages 276 - 280. - Buyer-03/11/2026

Open-Purchase Contract is Partial copy. Only the purchase contract addendum was provided. Please provide the complete purchase contract for the subject property. - Due Diligence Vendor-03/11/2026

Resolved-Purchase Contract Issue Resolved - Due Diligence Vendor-03/11/2026

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

Closed

FCRE0360

2026-03-11 10:26

2026-03-11 11:21

Waived

2 - Non-Material

Credit

Borrower

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete

Waived-Lender exception for VOR being private landlord and cash rent payments. No source of verification of rent provided. - Due Diligence Vendor-03/11/2026

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 29.8% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 22 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.12

DTI > 5% below max; reserves > 6 months above min;

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

Originator Pre-Close

Yes

xxx

130

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Closed

FVAL9739

2026-03-11 02:45

2026-03-12 12:58

Resolved

1 - Information

Property

Appraisal

Property/Appraisal General

Resolved-Lender provided updated information. - Due Diligence Vendor-03/12/2026
Ready for Review-Document Uploaded. The property is not a PUD. Updated 1008 and 1003 uploaded for review. - Buyer-03/12/2026
Open-Missing proof of HOA xxx as Mentioned in the final 1008. - Due Diligence Vendor-03/11/2026

Resolved-Lender provided updated information. - Due Diligence Vendor-03/12/2026

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 17.51 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 25.50 Years
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 7.19% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 19.45 Years

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

113

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

xxx

Closed

FCRE1198

2026-03-10 05:02

2026-03-11 15:47

Resolved

1 - Information

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Resolved-Audited Reserves of 3.56 are greater than or equal to Guideline Required Reserves of 3 - Due Diligence Vendor-03/11/2026
Resolved-Lender provided additional information about UW variance and referencing xxx in their guidelines. Clarified that section applies to all reserve requirements instead of just xxx loans. - Due Diligence Vendor-03/11/2026
Ready for Review-1008 under page 993 notes a variance of 3 months as being acceptable with comp factors as permitted by section xxx of guidelines, last bullet point. - Buyer-03/11/2026
Open-Audited Reserves of 3.56 are less than Guideline Required Reserves of 6 - Due Diligence Vendor-03/10/2026

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 32.17% Is Less Than The Guideline Maximum Of 45% By Five Percent (5%) Or More

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 6.21 Years

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

xxx

Closed

FCRE1316

2026-03-10 04:20

2026-03-11 15:38

Resolved

1 - Information

Credit

Missing Doc - Employment

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-03/11/2026
Resolved-page 379 OCR - Due Diligence Vendor-03/11/2026
Ready for Review-SOS with active status and good standing as of xxx was included in the initial shipping package and is in your portal under page 377. With consummation date of xxx, the verification is within 10 business days. - Buyer-03/11/2026
Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-03/10/2026

Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-03/11/2026

Resolved-page 379 OCR - Due Diligence Vendor-03/11/2026

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

109

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

120

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

134

xxx

Closed

finding-3719

2026-03-11 16:56

2026-03-24 10:38

Cured

2 - Non-Material

Compliance

TRID Tolerance

TILA Post-Consummation Revised Closing Disclosure Finance Charge Test

Cured-**Received cure package. - Due Diligence Vendor-03/24/2026
Resolved- - Due Diligence Vendor-03/24/2026
Ready for Review-Document Uploaded. Refund documentation uploaded for review. - Seller-03/23/2026
Counter-The provided PCCD dated xxx, reflecting an increased Finance Charge, is sufficient to substantiate the TPR under-disclosure citing, Thank you. However, it is insufficient to remediate and Under-disclosed Finance Charge violation disclosed at Consummation. TILA Section 130(b) correction is required, including an LOE and a refund or principal curtailment, along with proof of delivery, is required. **** Violation amount xxx - Due Diligence Vendor-03/19/2026
Ready for Review-Document Uploaded. PCCD documentation and final settlement statement uploaded for review.  - Seller-03/19/2026
Open-************ Loan Data xxx; Comparison Data xxx.    Fees including in testing: Points - Loan Discount Fee paid by Borrower: xxx Commitment Fee paid by Borrower: xxx Document Preparation Fee paid by Borrower: xxx Electronic Recording Service Fee paid by Borrower: xxx Flood Certification - Single Charge or Life of Loan paid by Borrower: xxx Funding, Wire, or Disbursement Fee paid by Borrower: xxx MERS  Registration Fee paid by Borrower: xxx Prepaid Interest paid by Borrower: xxx Processing Fee paid by Borrower: xxx Recording Service Fee paid by Borrower: xxx Settlement or Closing Fee paid by Borrower: xxx Sub-Escrow Fee paid by Borrower: xxx Tie-in Fee paid by Borrower: xxx Title Courier Fee paid by Borrower: xxx Underwriting Fee paid by Borrower: xxx Warehousing Fee paid by Borrower: xxx Wire Transfer Fee paid by Borrower: xxx Total Fees xxx.  ~~~~~~~~~~~~  Please provide Compliance test or advise. - Due Diligence Vendor-03/11/2026
Open- - Due Diligence Vendor-03/11/2026
Open-This loan failed the TILA finance charge test.( 12 CFR §1026.18(d)(1) , transferred from  12 CFR §226.18(d)(1) )The finance charge is xxx. The disclosed finance charge of xxx is not considered accurate because it is understated by more than xxx. - Due Diligence Vendor-03/11/2026
Open- - Due Diligence Vendor-03/11/2026

Ready for Review-Document Uploaded. Refund documentation uploaded for review. - Seller-03/23/2026

Ready for Review-Document Uploaded. PCCD documentation and final settlement statement uploaded for review. - Seller-03/19/2026

Cured-**Received cure package. - Due Diligence Vendor-03/24/2026

Resolved- - Due Diligence Vendor-03/24/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.07
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 43.45% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 5.17 Years
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

134

xxx

Closed

finding-651

2026-03-11 13:03

2026-03-24 10:37

Cured

2 - Non-Material

Compliance

Points & Fees

TILA Finance Charge Test

Cured-**Received cure package. - Due Diligence Vendor-03/24/2026
Resolved-**Received cure package. - Due Diligence Vendor-03/24/2026
Resolved- - Due Diligence Vendor-03/24/2026
Ready for Review-Document Uploaded. Refund documentation uploaded for review. - Buyer-03/24/2026
Open- - Due Diligence Vendor-03/24/2026
Ready for Review-Document Uploaded. Refund documentation uploaded for review. - Buyer-03/23/2026
Counter-The provided PCCD dated xxx, reflecting an increased Finance Charge, is sufficient to substantiate the TPR under-disclosure citing, Thank you. However, it is insufficient to remediate and Under-disclosed Finance Charge violation disclosed at Consummation. TILA Section 130(b) correction is required, including an LOE and a refund or principal curtailment, along with proof of delivery, is required. **** Violation amount xxx - Due Diligence Vendor-03/19/2026
Ready for Review-Document Uploaded. PCCD documentation and final settlement statement uploaded for review. - Buyer-03/19/2026
Open-************ Loan Data xxx; Comparison Data xxx. Fees including in testing: Points - Loan Discount Fee paid by Borrower: xxx Commitment Fee paid by Borrower: xxx Document Preparation Fee paid by Borrower: xxx Electronic Recording Service Fee paid by Borrower: xxx Flood Certification - Single Charge or Life of Loan paid by Borrower: xxx Funding, Wire, or Disbursement Fee paid by Borrower: xxx MERS Registration Fee paid by Borrower: xxx Prepaid Interest paid by Borrower: xxx Processing Fee paid by Borrower: xxx Recording Service Fee paid by Borrower: xxx Settlement or Closing Fee paid by Borrower: xxx Sub-Escrow Fee paid by Borrower: xxx Tie-in Fee paid by Borrower: xxx Title Courier Fee paid by Borrower: xxx Underwriting Fee paid by Borrower: xxx Warehousing Fee paid by Borrower: xxx Wire Transfer Fee paid by Borrower: xxx Total Fees xxx. ~~~~~~~~~~~~ Please provide Compliance test or advise. - Due Diligence Vendor-03/11/2026
Open- - Due Diligence Vendor-03/11/2026
Open- - Due Diligence Vendor-03/11/2026
Open-This loan failed the TILA finance charge test.( 12 CFR §1026.38(o)(2) )The finance charge is xxx. The disclosed finance charge of xxx is not considered accurate because it is understated by more than xxx. - Due Diligence Vendor-03/11/2026
Open- - Due Diligence Vendor-03/11/2026

Cured-**Received cure package. - Due Diligence Vendor-03/24/2026

Resolved-**Received cure package. - Due Diligence Vendor-03/24/2026

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

129

xxx

ATR/QM: Not Applicable

xxx

Investment

Refinance

No Cash Out - Borrower Initiated

105

xxx

Closed

FCRE3874

2026-03-11 22:14

2026-03-12 12:11

Waived

2 - Non-Material

Credit

Eligibility

Neighborhood Location Not Allowed for Guidelines

Waived-Primary Value Valuation Neighborhood Location Not Allowed for Program Rural property on Prime/Investment occupancy
- Due Diligence Vendor-03/12/2026

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 15.11 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 21.44% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 14.42 Years

Expanded guides allow for rural property on Prime investmenttransaction with exception approval.
Comp Factors:
Multiple mortgages on credit paid as agreed
Low DTI (under 40%)
Reserves 6+ months

ATR/QM: Not Applicable

xxx

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Pre-Close

Yes

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Closed

FCRE7497

2026-03-12 05:28

2026-03-16 16:38

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved- - Due Diligence Vendor-03/16/2026
Ready for Review-Document Uploaded. Submitted HOI for both xxx. xxx is free and clear per the Transaction History Report under page 1033/1034, and would not be required to carry an HOI policy. - Buyer-03/16/2026
Open-Provide Insurance and/or HOI document for non subject property located at xxx - Due Diligence Vendor-03/12/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.09
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 7.18 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 87.66 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 12.50 Years
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 19.21% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points

xxx

ATR/QM: Not Applicable

xxx

Investment

Refinance

Cash Out - Other

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

100

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

106

xxx

Closed

FCRE1316

2026-03-12 23:34

2026-03-17 15:08

Resolved

1 - Information

Credit

Missing Doc - Employment

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-03/17/2026
Ready for Review-Document Uploaded. Submitted Internet verification dated xxx with phone contact that was missing from the initial docs sent to Canopy under pages 426 through 428. Per page 18 of the CEL manual under VVOE for Self-Employed Borrower(s), “Sources may include: Verification of a phone and address listing using the internet”. ***Please also correct the borrower's last name in your portal from xxx to xxx*** - Buyer-03/17/2026
Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-03/13/2026

Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-03/17/2026

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 12 Years
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 8.42% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 47.94 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.02

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Second Home

Refinance

No Cash Out - Borrower Initiated

N/A

xxx

106

xxx

Closed

FCRE7497

2026-03-13 14:07

2026-03-16 10:10

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved-Lender provided additional information. - Due Diligence Vendor-03/16/2026
Ready for Review-Transaction history, pages 461 through 470, reflects Escrows being included in the mortgage history for account ending xxx matching the account number on the credit report mortgage, page 217. Fraud report, page 291, does not have an HOA for this xxx property. - Buyer-03/16/2026
Open-Missing HOI, HOA and property tax statement for xxx - Due Diligence Vendor-03/13/2026

Resolved-Lender provided additional information. - Due Diligence Vendor-03/16/2026

Non-QM: Lender documented all ATR UW factors

xxx

Second Home

Refinance

No Cash Out - Borrower Initiated

N/A

xxx

ATR/QM: Not Applicable

xxx

Investment

Refinance

Limited Cash Out - <2% of Loan Amount or $2000

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Closed

FCOM1231

2026-03-17 01:50

2026-03-19 08:20

Resolved

1 - Information

Compliance

Missing Doc

The Initial 1003 is Missing

Resolved-The Initial 1003 is Present - Due Diligence Vendor-03/19/2026

Ready for Review-Document Uploaded. - Buyer-03/18/2026

Open-The Initial 1003 is Missing The Initial 1003 is missing from the file upload - please provide - Due Diligence Vendor-03/17/2026

Resolved-The Initial 1003 is Present - Due Diligence Vendor-03/19/2026

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 5.00 Years
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 20.00 Years
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.1
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 47.06% Is Less Than The Guideline Maximum Of 55% By Five Percent (5%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Closed

FCRE1467

2026-03-20 16:28

2026-03-27 08:05

Resolved

1 - Information

Credit

Missing Doc - Assets

Asset 1 Missing

Resolved-a - Due Diligence Vendor-03/27/2026
Resolved-Asset 1 Provided - Due Diligence Vendor-03/27/2026
Ready for Review-Document Uploaded. Please see the revised 1003 with the assets removed. The borrower elected to use the cash back at closing for reserves. - Seller-03/26/2026
Open-Asset 1 Missing Missing xxx bal. xxx stated in final 1003. - Due Diligence Vendor-03/20/2026

Ready for Review-Document Uploaded. Please see the revised 1003 with the assets removed. The borrower elected to use the cash back at closing for reserves. - Seller-03/26/2026

Resolved-a - Due Diligence Vendor-03/27/2026

Resolved-Asset 1 Provided - Due Diligence Vendor-03/27/2026

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 27.27% Is Below The Guideline Maximum Of 65% By Ten Percent (10%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 620 By Twenty (20) or More Points
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 148.31 Are Greater Than The Guideline Minimum Of 0 By Six (6) Or More Months

updated 1003 with asset removed.pdf

ATR/QM: Not Applicable

xxx

Investment

Refinance

Cash Out - Other

N/A

xxx

108

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

101

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

111

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

102

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

118

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

131

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

103

xxx

Closed

FCRE1467

2026-03-20 06:20

2026-03-24 08:58

Resolved

1 - Information

Credit

Missing Doc - Assets

Asset 1 Missing

Resolved-Asset 1 Provided - Due Diligence Vendor-03/24/2026
Ready for Review-Document Uploaded. Submitted updated 1003, 1008, and Approval with removal of xxx assets. - Buyer-03/23/2026
Open-Asset 1 Missing- xxx Credit Union xxx - Due Diligence Vendor-03/20/2026

Resolved-Asset 1 Provided - Due Diligence Vendor-03/24/2026

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 70.53 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 23.79% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 80% Is Below The Guideline Maximum Of 90% By Ten Percent (10%) Or More

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

103

xxx

Closed

FCRE1468

2026-03-20 06:20

2026-03-24 08:58

Resolved

1 - Information

Credit

Missing Doc - Assets

Asset 2 Missing

Resolved-Asset 2 Provided Or Not Applicable - Due Diligence Vendor-03/24/2026
Ready for Review-Submitted updated 1003, 1008, and Approval with removal of xxx assets. - Buyer-03/23/2026
Open-Asset 2 Missing- xxx xxx - Due Diligence Vendor-03/20/2026

Resolved-Asset 2 Provided Or Not Applicable - Due Diligence Vendor-03/24/2026

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Second Home

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

141

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

125

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

107

xxx

Closed

FCRE1159

2026-03-24 02:30

2026-03-26 09:46

Resolved

1 - Information

Credit

Insurance

Hazard Insurance Effective Date is after the Disbursement Date

Resolved-Hazard Insurance Effective Date of xxx is prior to or equal to the Disbursement Date of xxx Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-03/26/2026
Ready for Review-Document Uploaded. HOI in effect from xxx thru xxx uploaded for review. Please note that the premium on the renewal policy was utilized to qualify given the dates that it will be effective. - Buyer-03/25/2026
Open-Hazard Insurance Effective Date of xxx is after the Disbursement Date of xxx - Due Diligence Vendor-03/24/2026

Resolved-Hazard Insurance Effective Date of xxx is prior to or equal to the Disbursement Date of xxx Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-03/26/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Validated Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.03
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Validated Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 20.00 Years
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Validated Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 9.19 Years
Borrower At Current Residence For Five (5) Or More Years - Validated Borrower At Current Residence For Five (5) Or More Years - 20.00 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 131.65 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Validated Original LTV Of 54.05% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Validated Calculated DTI Of 13.99% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Validated Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Closed

FCRE7497

2026-03-25 10:49

2026-03-26 09:48

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved-Updated 1003 & 1008 Provided - Due Diligence Vendor-03/26/2026
Ready for Review-Document Uploaded. Updated 1003, approval and 1008 uploaded for review. - Buyer-03/25/2026
Open-The final 1003 shows xxx with a monthly mortgage payment of xxx, but a total amount of xxx. There is not documentation on file to identify the xxx difference between the escrowed mortgage and the final PITIA. Please provide whatever documentation corroborates the xxx per month difference. - Due Diligence Vendor-03/25/2026

Resolved-Updated 1003 & 1008 Provided - Due Diligence Vendor-03/26/2026

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 44.8% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 34.13% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.13

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

xxx

Closed

FCRE1503

2026-03-25 20:27

2026-03-30 16:31

Resolved

1 - Information

Credit

Missing Doc - Credit

Mortgage Statement(s) Missing

Resolved-Evidence of second lien loan denial provided and excluded. - Due Diligence Vendor-03/30/2026
Ready for Review-Document Uploaded. 1008 was updated to reflect a more accurate housing payment of xxx under the xxx, which is Borrower 2's primary housing payment to xxx. First mtg stmt (inclusive of escrows) is under page 843, and the second HELOC is under page 949. - Buyer-03/30/2026
Counter-Document Uploaded. The Lenders 1008 reflects a xxx which is being included in the Housing/DTI ratios however no supporting documentation is located.  - Due Diligence Vendor-03/30/2026
Ready for Review-Document Uploaded. Updated 1003, approval and 1008 uploaded for review. - Buyer-03/30/2026
Counter-Please provide updated 1003/1008 removing proposed but denied loan xxx. - Due Diligence Vendor-03/27/2026
Ready for Review-Document Uploaded. Submitted proof of denial for xxx that never closed.  - Buyer-03/27/2026
Counter-1st mortgage on page 840 has already been reviewed. Looking for mortgage statement or closing document for 2nd mortgage xxx with terms.  - Due Diligence Vendor-03/27/2026
Ready for Review-The mortgage statement for xxx was included in the initial shipping package and is in your portal under page 840. - Buyer-03/26/2026
Open-Mortgage Statement Missing xxx . MIssing mortgage statement for 2nd mortgage xxx. not reporting on Credit report. - Due Diligence Vendor-03/26/2026

Resolved-Evidence of second lien loan denial provided and excluded. - Due Diligence Vendor-03/30/2026

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 45.64 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 25.00 Years
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 35.36% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Closed

FCRE1467

2026-03-25 17:26

2026-03-27 06:51

Resolved

1 - Information

Credit

Missing Doc - Assets

Asset 1 Missing

Resolved-Asset 1 Provided - Due Diligence Vendor-03/27/2026
Ready for Review-Submitted 12 months of xxx for review under missing 12 months bank stmts finding. - Buyer-03/26/2026
Open-Asset 1 Missing- xxx in the amount of xxx - Due Diligence Vendor-03/25/2026

Resolved-Asset 1 Provided - Due Diligence Vendor-03/27/2026

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 38.72% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 15.82 Years
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.19
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 12.46 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 13.33 Years

ATR/QM: Not Applicable

xxx

Investment

Purchase

N/A

xxx

Closed

FCRE1292

2026-03-25 16:59

2026-03-27 06:48

Resolved

1 - Information

Credit

Income

Income 1 Months Income Verified is Missing

Resolved-Income 1 Months Income Verified is Present Or Not Applicable - Due Diligence Vendor-03/27/2026
Ready for Review-Document Uploaded. Submitted 12 months of xxx for review. - Buyer-03/26/2026
Open-Income 1 Months Income Verified is Missing
12 Months Bank statements are missing in this Package - Due Diligence Vendor-03/25/2026

Resolved-Income 1 Months Income Verified is Present Or Not Applicable - Due Diligence Vendor-03/27/2026

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 38.72% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 15.82 Years
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.19
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 12.46 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 13.33 Years

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase

N/A

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Closed

FCOM5272

2026-03-26 04:27

2026-03-31 09:16

Resolved

1 - Information

Compliance

TRID

Final CD: Total of Payments (TOP) discrepancy

Resolved-**Received copy of Final CD with all pages. - Due Diligence Vendor-03/31/2026

Ready for Review-Document Uploaded. Final CD with all pages uploaded for review. - Buyer-03/27/2026

Open-Final Cd Page 5 Loan Calculation Information is Missing , Updated from Initial - Due Diligence Vendor-03/26/2026

Resolved-**Received copy of Final CD with all pages. - Due Diligence Vendor-03/31/2026

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Validated Months Reserves Of 106.22 Are Greater Than The Guideline Minimum Of 0 By Six (6) Or More Months
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Validated Original LTV Of 58.72% Is Below The Guideline Maximum Of 85% By Ten Percent (10%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Validated Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Validated Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.09

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

xxx

Closed

finding-47

2026-03-26 09:56

2026-03-31 09:16

Resolved

1 - Information

Compliance

Right to Rescind

TILA Right of Rescission Test

Resolved-***Received PCCD - Due Diligence Vendor-03/31/2026
Resolved- - Due Diligence Vendor-03/31/2026
Ready for Review-Document Uploaded. PCCD documentation uploaded for review. - Buyer-03/30/2026
Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. ******* Borrower executed documents on xxx. Please Provide Post Consummation Closing Disclosure funding after Rescission period. - Due Diligence Vendor-03/27/2026
Open- - Due Diligence Vendor-03/27/2026
Open- - Due Diligence Vendor-03/26/2026

Resolved-***Received PCCD - Due Diligence Vendor-03/31/2026

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

xxx

ATR/QM: Not Applicable

xxx

Investment

Refinance

Cash Out - Other

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

ATR/QM: Not Applicable

xxx

Investment

Refinance

Cash Out - Other

xxx

Closed

FCRE7497

2026-03-27 01:25

2026-03-27 17:08

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved-Reviewed - Due Diligence Vendor-03/27/2026
Ready for Review-HOA assessment for xxx is located in the Fraud Report under page 503. - Buyer-03/27/2026
Open-xxx property HOA Assessment is missing - Due Diligence Vendor-03/27/2026

Resolved-Reviewed - Due Diligence Vendor-03/27/2026

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 18.00 Years
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 7.00 Years
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 43.43% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 47.02 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.0

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

128

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

xxx

Closed

FCRE5474

2026-03-27 15:27

Waived

2 - Non-Material

Credit

Eligibility

Condo project is ineligible per guidelines

Waived-Condo project does not meet guidelines. Allow condo investor concentration above guideline max. - Due Diligence Vendor-03/27/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.02
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 13.00 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 83.54 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 80% Is Below The Guideline Maximum Of 90% By Ten Percent (10%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

ATR/QM: Not Applicable

xxx

Investment

Purchase

Originator Pre-Close

Yes

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Investment

Refinance

Cash Out - Other

xxx

Closed

FCRE7497

2026-03-27 07:25

2026-03-31 08:59

Resolved

1 - Information

Credit

Missing Doc

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Resolved-REO property located at xxx is owned by xxx per Property report in loan file. Updated 1003 & 1008 Provided - Due Diligence Vendor-03/31/2026
Ready for Review-Document Uploaded. Updated 1003, approval and 1008 uploaded for review. The debt was removed, per the transaction history report the property is owned in the name of the xxx, so does not need to be included. - Buyer-03/30/2026
Open-Provide Tax and Property Insurance and HOA for the REO Property Located at the xxx. The Final 1003 showing expenses payment xxx. - Due Diligence Vendor-03/27/2026

Resolved-REO property located at xxx is owned by xxx per Property report in loan file. Updated 1003 & 1008 Provided - Due Diligence Vendor-03/31/2026

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Validated Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 10.07 Years
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Validated Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 10.06 Years
Borrower At Current Residence For Five (5) Or More Years - Validated Borrower At Current Residence For Five (5) Or More Years - 10.00 Years
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Validated Calculated DTI Of 11.26% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Validated Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

133

xxx

Closed

finding-47

2026-03-30 08:49

2026-04-01 09:11

Resolved

1 - Information

Compliance

Right to Rescind

TILA Right of Rescission Test

Resolved-PCCD received, data entered, no additional compliance findings. Thank you - Due Diligence Vendor-04/01/2026
Resolved- - Due Diligence Vendor-04/01/2026
Ready for Review-Document Uploaded. Submitted PCCDs, LOEs, and Disclosure Tracking - Buyer-03/31/2026
Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. ***The Final CD shows a funding date of xxx - which is prior to the conclusion of borrower(s) 3 day rescission period. Lender to provide confirmation of accurate funding/disbursement date. - Due Diligence Vendor-03/31/2026
Open- - Due Diligence Vendor-03/31/2026
Open- - Due Diligence Vendor-03/31/2026
Open- - Due Diligence Vendor-03/30/2026
Open- - Due Diligence Vendor-03/30/2026
Open- - Due Diligence Vendor-03/30/2026

Resolved-PCCD received, data entered, no additional compliance findings. Thank you - Due Diligence Vendor-04/01/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Validated Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.06
Borrower 2 Has Stable Job Time Of Five (5) Or More Years At Current Job - Validated Borrower 2 Has Stable Job Time Of Five (5) Or More Years At Current Job - 43.77 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Validated Months Reserves Of 92.26 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Validated Calculated DTI Of 3.18% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Validated Original LTV Of 51.72% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Validated Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Refinance

Cash Out - Other

N/A

xxx

Closed

FCRE5658

2026-04-01 08:06

Waived

2 - Non-Material

Credit

Eligibility

Non-occupant co-borrowers not allowed per guidelines

Waived-Allow Asset Depletion with non-occupant co-borrower. - Due Diligence Vendor-04/01/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Validated Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.14
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Validated Months Reserves Of 528.75 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Validated Original LTV Of 55% Is Below The Guideline Maximum Of 80% By Ten Percent (10%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Validated Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

-FICO 20+ points
=Ancillary income not used for qualifying
- DTI 5% below max
- 0x30x24+

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

Originator Pre-Close

Yes

xxx

139

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

112

xxx

ATR/QM: Not Applicable

xxx

Investment

Purchase