| Client Name: | |
| Client Project Name: | BRAVO 2026-NQM5 |
| Start - End Dates: | 9/15/2021 - 4/8/2026 |
| Deal Loan Count: | 301 |
| Waived Conditions Summary | |
| Review Scope | Category | Code | Description | Count |
| Credit | Terms/Guidelines | CRDTER110 | Loan amount exceeds guideline maximum | 1 |
| Credit | Terms/Guidelines | CRDTER113 | Loan amount is below guideline minimum | 3 |
| Credit | Terms/Guidelines | CRDTER3122 | Loan documents do not meet guideline requirements | 2 |
| Credit | Terms/Guidelines | CRDTER4631 | Loan parameters do not meet guidelines | 8 |
| Credit | Credit/Mtg History | CRDCRMH104 | Credit score below guidelines | 5 |
| Credit | Credit/Mtg History | CRDCRMH120 | Collections, charge offs, liens, etc. exceed guidelines | 1 |
| Credit | Credit/Mtg History | CRDCRMH123 | No evidence of required debt payoff | 2 |
| Credit | Credit/Mtg History | CRDCRMH183 | Credit report incomplete | 1 |
| Credit | Credit/Mtg History | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | 5 |
| Credit | Credit/Mtg History | CRDCRMH2662 | Number of mortgaged properties exceeds guideline limit | 5 |
| Credit | Credit/Mtg History | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | 1 |
| Credit | DTI | CRDDTI187 | Debt Ratio > 50% | 1 |
| Credit | LTV/CLTV | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | 12 |
| Credit | LTV/CLTV | CRDLTV3028 | LTV Exceeds Guideline Requirement by 10% or more | 2 |
| Credit | LTV/CLTV | CRDLTV5736 | LTV Exceeds Guideline Requirement by less than 5% | 2 |
| Credit | Potential Misrepresentation | CRDPMR1799 | Potential misrepresentation of occupancy | 1 |
| Credit | Income/Employment | CRDINC150 | Income docs do not meet guidelines | 1 |
| Credit | Application | CRDAPP2298 | Missing Second Appraisal | 1 |
| Credit | Assets | CRDAST205 | Insufficient Funds to Close | 1 |
| Credit | Assets | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | 3 |
| Property Valuations | Property | PRVAPROP177 | Property Issues Indicated | 4 |
| Property Valuations | Property | PRVAPROP2556 | Acreage exceeds property eligibility guidelines | 1 |
| Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3492 | TRID - Waiver of TRID waiting period in file | 3 |
| Total | 66 |
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