| LOAN INFORMATION | INITIAL CREDIT LOAN GRADES | INITIAL COMPLIANCE LOAN GRADES | INITIAL PROPERTY LOAN GRADES | INITIAL OVERALL LOAN GRADES | FINAL CREDIT LOAN GRADES | FINAL COMPLIANCE LOAN GRADES | FINAL PROPERTY LOAN GRADES | FINAL OVERALL LOAN GRADES | |||||||||||||||||||||||||||||||||||
| Loan ID | Seller Loan ID | Investor Loan ID | Original Loan Amount | DBRS/Morningstar | Fitch | Kroll | S&P | Moodys | DBRS/Morningstar | Fitch | Kroll | S&P | Moodys | DBRS/Morningstar | Fitch | Kroll | S&P | Moodys | DBRS/Morningstar | Fitch | Kroll | S&P | Moodys | DBRS/Morningstar | Fitch | Kroll | S&P | Moodys | DBRS/Morningstar | Fitch | Kroll | S&P | Moodys | DBRS/Morningstar | Fitch | Kroll | S&P | Moodys | DBRS/Morningstar | Fitch | Kroll | S&P | Moodys |
| BRAVO 2026-NQM5 1000978 | XXXX | C | C | C | C | C | C | C | C | C | C | D | D | D | D | D | D | D | D | D | D | A | A | A | A | A | A | A | A | A | A | B | B | B | B | B | B | B | B | B | B | ||
| BRAVO 2026-NQM5 1000979 | XXXX | D | D | D | D | D | A | A | A | A | A | A | A | A | A | A | D | D | D | D | D | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | ||