EXHIBIT 99.2
CLAYTON CONDITIONS REPORT
| Client Name: | PennyMac | |
| Client Project Name: | PNMAC PMTLT 2026-J4_J17056 | |
| Conditions Report 2.0 | ||
| Loans in Report: | 102 | |
| Loans with Conditions: | 31 | |
| 16 - Total Active Conditions | ||||||
| 16 - Non-Material Conditions | ||||||
| 4 - Credit Review Scope | ||||||
| 1 - Category: Credit/Mtg History | ||||||
| 1 - Category: DTI | ||||||
| 2 - Category: Income/Employment | ||||||
| 1 - Property Valuations Review Scope | ||||||
| 1 - Category: Appraisal | ||||||
| 11 - Compliance Review Scope | ||||||
| 8 - Category: RESPA | ||||||
| 1 - Category: Right of Rescission | ||||||
| 1 - Category: State Consumer Protection | ||||||
| 1 - Category: TILA/RESPA Integrated Disclosure | ||||||
| 37 - Total Satisfied Conditions | ||||||
| 7 - Credit Review Scope | ||||||
| 1 - Category: Ability to Repay/Qualified Mortgage | ||||||
| 1 - Category: Credit/Mtg History | ||||||
| 2 - Category: Income/Employment | ||||||
| 1 - Category: Insurance | ||||||
| 1 - Category: Re-Verifications | ||||||
| 1 - Category: Terms/Guidelines | ||||||
| 15 - Property Valuations Review Scope | ||||||
| 14 - Category: Appraisal | ||||||
| 1 - Category: Property | ||||||
| 15 - Compliance Review Scope | ||||||
| 2 - Category: Ability to Repay/Qualified Mortgage | ||||||
| 2 - Category: Finance Charge Tolerance | ||||||
| 2 - Category: RESPA | ||||||
| 2 - Category: Right of Rescission | ||||||
| 7 - Category: TILA/RESPA Integrated Disclosure | ||||||
| 0 - Total Waived Conditions | ||||||
©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-J4_J17056 | |
| Conditions Report 2.0 | ||
| Loans in Report: | 102 | |
| Loans with Conditions: | 31 | |
| 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 1 | 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 | CFCFS1744: DTI below guideline requirement - Clayton Comments: Verified 25.24% DTI. Max allowed 50%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 783 median FICO. Minimum required 720. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2 | XXXXXX | XXXXXX | CA | 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 | B | C | B | CMPTRID4056 | TRID - CD: The Total Payment Amount on the Loan Calculation section of the Final Closing Disclosure is less than the Clayton Calculated Total Payment Amount |
No | Final CD XXX Total payments amount $4,602,562.55 Calculated Total Payments amount is $4,602,829.06 , for a Difference of $266.51. The Post CD XXX matches the $4,602,829.13. |
05.18.2026 - Cure provided via check for $266.58, proof of delivery and, LOX and PCCD. |
05.18.2026 -Exception satisfied |
Numeric | Not Applicable |
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 78.58. Max 89.99
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $102,848.45 post closing reserves verified or 6.71 months PITI. Three months required. | |||||||||||||||||||||||||||||||||||||
| 3 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | B | B | A | A | D | B | D | B | B | B | 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 | Application and credit docs show residence at XXXXXX which does not match primary rate/ term refinance of subject property. No documentation in file supporting $0 primary housing expense in file. DU loan approved at 42.38/43.46 DTI ratio using subject property tax of $539.51 per month. Property report shows taxes of $12,955 or $1079.58 per month bringing back end DTI to 45.45. DU Approve/ Accept with ratios >45% required. |
5/7/2026: Received LOX, Borrowers resided with family while construction was completed on subject. Rent free. |
5/7/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $2,551,699.66 in post closing reserves. Min 3 mo’s PITI required.
CFCFS1734: Borrower has significant time at current job - Clayton Comments: 16.5 years on job | |||||||||||||||||||||||||||||||||||||
| 3 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | B | B | A | A | D | B | D | B | B | B | A | A | D | B | Compliance | RESPA | Active | B | B | B | B | CMPRESPA863 | RESPA: Required Affiliate Business Disclosure missing |
No | Missing Affiliated Business |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $2,551,699.66 in post closing reserves. Min 3 mo’s PITI required.
CFCFS1734: Borrower has significant time at current job - Clayton Comments: 16.5 years on 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 3 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | B | B | A | A | D | B | D | B | B | B | A | A | D | B | Compliance | Right of Rescission |
Satisfied | B | B | B | B | CMPROR117 | ROR - Expiration date on form prior to end of rescission period |
No | ROR has transaction date of XXX Rescission period ending XXX Final CD has disbursement on XXX |
04.27.2026 - Rescission was reopened. |
4.27.2026 - Exception satisfied |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $2,551,699.66 in post closing reserves. Min 3 mo’s PITI required.
CFCFS1734: Borrower has significant time at current job - Clayton Comments: 16.5 years on job | |||||||||||||||||||||||||||||||||||||
| 3 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | B | B | A | A | D | B | D | B | B | B | 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 | There are 2 different ROR’s in file. The original ROR has the date of transaction as XXX with rescission period ending XXX. The final CD dated XXX has the disbursement dated XXX. There is a 2nd ROR in file with new transaction dated XXX and rescission period ending XXX but no corrective CD to match dates. |
4.27.2026 - rescission was reopended |
4.27.2026 - Exception satisifed |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $2,551,699.66 in post closing reserves. Min 3 mo’s PITI required.
CFCFS1734: Borrower has significant time at current job - Clayton Comments: 16.5 years on job | |||||||||||||||||||||||||||||||||||||
| 3 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | B | B | A | A | D | B | D | B | B | B | A | A | D | B | Credit | DTI | Active | B | B | B | B | CRDDTI105 | Debt Ratio Exception 5% or Less |
No | DU AUS approved at 43.46. Calculated DTI is 45.45 using annual subject property taxes of $12,955 annually. AUS with approval >45% required. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $2,551,699.66 in post closing reserves. Min 3 mo’s PITI required.
CFCFS1734: Borrower has significant time at current job - Clayton Comments: 16.5 years on job | |||||||||||||||||||||||||||||||||||||
| 359 | XXXXXX | XXXXXX | UT | 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: B2 has significant time in profession, 20 years
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0x30x45 mortgage payment history
CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers owned the departure residence 7.08 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 4 | XXXXXX | XXXXXX | UT | 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 | Provide documentation and status for XXXXXX with a balance of $1,110,469. |
5/21/2026: Received Final CD from XXX Purchase - in spouse’s name only. |
5/21/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1737: LTV below guideline requirements - Clayton Comments: Verified 73.26% LTV. Max allowed 80%.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $1,860,570.21 in post closing reserves or 125.19 months PITI18 months PITI reserves required: $14,861.43 X 18 = $267,505.74.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 807 median FICO. Min required 720. | |||||||||||||||||||||||||||||||||||||
| 4 | XXXXXX | XXXXXX | UT | 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 | 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 |
CFCFS1737: LTV below guideline requirements - Clayton Comments: Verified 73.26% LTV. Max allowed 80%.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $1,860,570.21 in post closing reserves or 125.19 months PITI18 months PITI reserves required: $14,861.43 X 18 = $267,505.74.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 807 median FICO. Min required 720. | |||||||||||||||||||||||||||||||||||||
| 4 | XXXXXX | XXXXXX | UT | 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 | Re-Verifications | Satisfied | C | A | C | A | CRDRVRFC1803 | Debts/ Obligations that were not discl at origination revealed through independent re- verification |
No | Provide documentation and status for XXXXXX with a balance of $1,110,469. |
5/21/2026: Received Final CD from XXX Purchase - in spouse’s name only. |
5/21/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1737: LTV below guideline requirements - Clayton Comments: Verified 73.26% LTV. Max allowed 80%.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $1,860,570.21 in post closing reserves or 125.19 months PITI18 months PITI reserves required: $14,861.43 X 18 = $267,505.74. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 807 median FICO. Min required 720. | |||||||||||||||||||||||||||||||||||||
| 5 | 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 | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 14.35% is below guideline maximum 45%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 764 qualifying score > min required of 700 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $115,169.45 or 12.19 months of PITIA reserves > required $28,343.07 (3 mos PITIA $9447.69X3); plus six months for financed REO: $1,251.74 X 6 = $7,510.44. Total required $35,853.51. Reserve requirement met. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 6 | 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 | CFCFS1736: Significant time at current residence - Clayton Comments: B3 and B4 have lived at current residence for 36 + years
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Borrower 2 has worked with same employer for 10 + years | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 7 | 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 | CFCFS2854: Significant time in profession - Clayton Comments: Borrower has Significant time in profession, 15 years.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $1,017,471.37. Total required $56,911.68.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 75% below maximum allowed of 89.99%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 756 mid score exceeds minimum required of 700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 8 | XXXXXX | XXXXXX | AL | 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: 10 years 6 months in profession.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 783 score exceeds the 700 minimum required.
CFCFS1744: DTI below guideline requirement - Clayton Comments: 40.20% DTI with a max 50% allowed. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9 | XXXXXX | XXXXXX | TN | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | A | A | C | A | B | A | C | A | A | A | C | A | B | A | Compliance | RESPA | Satisfied | B | A | B | A | CMPRESPA863 | RESPA: Required Affiliate Business Disclosure missing |
No | Please provide ABA Disclosure. Did not see FACTS either. |
06.10.2026 lender cert of no affiliates received. |
06.10.2026 -Exception satisfied |
(No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Verified 36.88% DTI. Max allowed 50%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 746 median FICO. Min required 720.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $141,108.64 in post closing reserves or 12.42 months PITI.Three months reserves required $11,357.47 X 3 = $34,072.41 + $83 XXX balance = $34,155.41. | |||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 9 | XXXXXX | XXXXXX | TN | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | A | A | C | A | B | A | C | A | A | A | C | A | B | A | Property Valuations |
Appraisal | Satisfied | C | A | C | A | PRVAAPPR169 | Appraisal includes one or more issue(s) |
No | Provide a complete copy of the appraisal report. Missing Appraiser signature, Appraisal, E&O; subject (Interior/ exterior) and comparable photos; Location Map, Tax Map, Aerial Map. |
6/5/2026: Received complete appraisal report. |
6/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Verified 36.88% DTI. Max allowed 50%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 746 median FICO. Min required 720.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $141,108.64 in post closing reserves or 12.42 months PITI.Three months reserves required $11,357.47 X 3 = $34,072.41 + $83 XXX balance = $34,155.41. | |||||||||||||||||||||||||||||||||||||
| 10 | XXXXXX | XXXXXX | OH | 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: Mortgage payment history of 0x30x68 months exceeds the required 0x30x12 months.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 18.17% is below the maximum allowable 50%.
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has20 years at current job. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11 | 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: Borrower has 0x30 for 99 months.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close assets $119,281.89 or 11.38 months PITIA; required reserves $10,479.16 x 3 = $31,437.48. CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 29.59% is below guideline maximum 45%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12 | 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 | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 0x30x19 months exceeds the required 12 months.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 79.45% is below the maximum allowable of 89.99%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 806 is above the required 700. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 13 | XXXXXX | XXXXXX | IL | 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 3.5 is >2.5. Clayton to order AVM. |
6/11/2026: Received AVM supporting value. |
6/11/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Credit reflects oldest tradeline 8/2010, reporting 0x30
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $263,112.48 or 34.14 months of PITI.0 Required Reserves. CFCFS2854: Significant time in profession - Clayton Comments: B1 has significant time in profession, 10 years. | |||||||||||||||||||||||||||||||||||||
| 14 | XXXXXX | XXXXXX | GA | 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 | Finance Charge Tolerance |
Satisfied | C | B | C | B | CMPFINT106 | Finance charge understated by more than $100 (Pmt Stream) |
No | The finance charges are understated by $600.00 which exceeds the maximum allowed of $100.00. Unable to determine the source of the understatement. |
5/15/26 - Lender provided corrected PCCD, copy of refund check, LOX and verification of shipping. |
5/15/26 - Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 799 mid fico score > min required 620.
CFCFS5269: Minimal use of credit - Clayton Comments: Credit line usage ratio 10.31%.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets $38,782.60 or 4.45 months PITIA reserves. Minimum required reserves $26,139.81 (3).
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 30.44% is below guideline max 45% | |||||||||||||||||||||||||||||||||||||
| 14 | XXXXXX | XXXXXX | GA | 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 | Finance Charge Tolerance |
Satisfied | C | B | C | B | CMPFINT4372 | TILA/ TRID- Disclosed Amount Financed is higher than Clayton’s calculated Amount Financed |
No | Final CD XXX shows an amount financed of $1,122,490.20 |
5/15/26 - Lender provided corrected PCCD, copy of refund check, LOX and verification of shipping. |
5/15/26 - Exception satisfied. |
Numeric | Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 799 mid fico score > min required 620.
CFCFS5269: Minimal use of credit - Clayton Comments: Credit line usage ratio 10.31%.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets $38,782.60 or 4.45 months PITIA reserves. Minimum required reserves $26,139.81 (3).
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 30.44% is below guideline max 45% | |||||||||||||||||||||||||||||||||||||
| 15 | 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 | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have 363 months mortgage payment history 0x30.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 792 mid score > min required of 700
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 9.68% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 17 | XXXXXX | XXXXXX | IL | 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 AVM. |
6/2/2026: Received AVM supporting value. |
6/2/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 34.82% is below guideline maximum 45%.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 69.70; guidelines allow 89.99%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 788 mid score > min required of 700. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close assets $174,179.85 or 22.95 months PITIA . Required reserves 3 months PITIA $22,759.89. | |||||||||||||||||||||||||||||||||||||
| 18 | XXXXXX | XXXXXX | AL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
B | A | A | A | A | A | B | A | B | A | A | A | A | A | B | A | Compliance | RESPA | Satisfied | B | A | B | A | CMPRESPA863 | RESPA: Required Affiliate Business Disclosure missing |
No | Missing Affiliate business Disclosure |
06.10.2026 - Lender cert of no affiliates received |
06.10.2026 - Exception satisfied |
(No Data) |
Not Applicable |
CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrowers have 68 months mortgage payment history 0x30.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $524,640.525 post closing reserves, 54.61 PITI for subject property.Three months reserves required $9,609.19 X 3 = $28,827.57; plus six months for financed REO: $4,410.28 X 6 = $26,461.68. Total required $55,289.25.
CFCFS2860: Good credit history - Clayton Comments: Borrower score is 726. Minimum score per program is 700. | |||||||||||||||||||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | KS | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | B | C | A | A | A | B | B | C | B | C | 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 |
CFCFS1737: LTV below guideline requirements - Clayton Comments: 46.51% CLTV with a max 89.99% allowed.
CFCFS2854: Significant time in profession - Clayton Comments: 10 years time in profession.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: ASSETS: $382,069.41 - $34,176.07 required to close per AUS = $347,893.34 reserves. | |||||||||||||||||||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | KS | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | B | C | A | A | A | B | B | C | B | C | 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. |
5/14/2026: Received Safe Harbor status. |
5/14/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1737: LTV below guideline requirements - Clayton Comments: 46.51% CLTV with a max 89.99% allowed.
CFCFS2854: Significant time in profession - Clayton Comments: 10 years time in profession.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: ASSETS: $382,069.41 - $34,176.07 required to close per AUS = $347,893.34 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 21 | 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/LCA returned no score. Clayton to order Desk Review. |
6/2/2026: Received AVM supporting value. |
6/2/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 49 DTI < max permitted of 50%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 759 mid score > min required of 620
CFCFS1737: LTV below guideline requirements - Clayton Comments: 80% CLTV < max permitted of 90% | |||||||||||||||||||||||||||||||||||||
| 22 | XXXXXX | XXXXXX | AL | 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 utilization is 10.566%
CFCFS2854: Significant time in profession - Clayton Comments: Borr has been employed w/current employer since 6/26/2000. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 23 | XXXXXX | XXXXXX | NV | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | A | A | A | A | CMPTRID5293 | TRID Not all required seller- paid fees were disclosed on the CD |
No | Not all required seller-paid fees were disclosed on the final CD. Seller’s CD in file and able to trace all fees, exception is satisfied. |
(No Data) | Condition Satisfied. All Seller fees have been sourced from the Seller CD . |
Numeric | Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 40.55% is below guideline maximum 45%.
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 3.11%
CFCFS2860: Good credit history - Clayton Comments: Borrowers have 56 months mortgage payment history 0x30. | |||||||||||||||||||||||||||||||||||||
| 23 | XXXXXX | XXXXXX | NV | 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 | Income/ Employment |
Satisfied | D | A | D | A | CRDINC152 | Missing verbal VOE required by guidelines |
No | Missing VOE/CPA letter for XXXXXX to verify business is open and active. |
6/5/2026: Internet print out received has no date stamp.6/8/2026: Received print out dated 6/8/2026. |
6/5/2026: Exception remains.6/8/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 40.55% is below guideline maximum 45%.
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 3.11%
CFCFS2860: Good credit history - Clayton Comments: Borrowers have 56 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | GA | 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 |
CFCFS2854: Significant time in profession - Clayton Comments: The borrower notes 25 years of experience in their profession that is a reflection of stability.
CFCFS2860: Good credit history - Clayton Comments: The borrower does not have any late payments in the lookback period. | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | GA | 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 | C | A | C | A | PRVAAPPR171 | Subject Photos Unacceptable |
No | Missing subject exterior & interior photos. |
5/13/2026: Received complete appraisal. |
5/13/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: The borrower notes 25 years of experience in their profession that is a reflection of stability.
CFCFS2860: Good credit history - Clayton Comments: The borrower does not have any late payments in the lookback period. | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | GA | 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 | PRVAAPPR173 | Comp Photos Unacceptable |
No | Missing all comparables photos. |
5/13/2026: Received complete appraisal. |
5/13/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: The borrower notes 25 years of experience in their profession that is a reflection of stability.
CFCFS2860: Good credit history - Clayton Comments: The borrower does not have any late payments in the lookback period. | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | GA | 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 |
Property | Satisfied | C | A | C | A | PRVAPROP177 | Property Issues Indicated |
No | Appraisal indicates subject is tenant occupied but contract Addendum Exhibit C indicates there are no leases. Provide verification of occupancy and either corrected appraisal or verification tenant will be vacated within 60 days of closing. |
5/13/2026: Received updated appraisal to owner occupied status. |
5/13/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: The borrower notes 25 years of experience in their profession that is a reflection of stability.
CFCFS2860: Good credit history - Clayton Comments: The borrower does not have any late payments in the lookback period. | |||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
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 | UT | 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 76.48%; guidelines allow 89.99%.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 41.74% is below guideline maximum 45%.
CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 60 months. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 27 | 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 reserves $105,714.33 or 13.98 months PITIA.No reserves required.
CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 12 years. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 29 | XXXXXX | XXXXXX | AZ | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | A | C | B | D | B | D | A | D | A | C | 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 |
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: No mortgage lates reporting on credit report. Oldest mortgage tradeline opened October 2016.
CFCFS1737: LTV below guideline requirements - Clayton Comments: CLTV of 80% is less than max allowed 89.99%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 761 exceeds required FICO of 720.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $1,167,759.85 or 88.294 months of PITI. | |||||||||||||||||||||||||||||||||||||
| 29 | XXXXXX | XXXXXX | AZ | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | A | C | B | D | B | D | 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 $225 due to appraisal increased from LE to CD. Missing a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower. |
05.08.2026 -COC provided |
05.08.2026 -Exception satisfied |
(No Data) |
Not Applicable |
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: No mortgage lates reporting on credit report. Oldest mortgage tradeline opened October 2016.
CFCFS1737: LTV below guideline requirements - Clayton Comments: CLTV of 80% is less than max allowed 89.99%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 761 exceeds required FICO of 720.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $1,167,759.85 or 88.294 months of PITI. | |||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 29 | XXXXXX | XXXXXX | AZ | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | A | C | B | D | B | D | A | D | A | C | B | Credit | Credit/Mtg History |
Satisfied | C | A | C | A | CRDCRMH1805 | Debts/ obligations not disclosed/ accounted for at origination |
No | Inquiry monitoring for B1 received from XXXXXX. Documents are missing verification of inquiries :XXXXXX. Recurring payments on XXXXXX are not addressed. |
5/19/2026: Received LOX for $330 for cleaning lady 3X per week. The remaining are mortgage inquiries. |
5/19/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: No mortgage lates reporting on credit report. Oldest mortgage tradeline opened October 2016.
CFCFS1737: LTV below guideline requirements - Clayton Comments: CLTV of 80% is less than max allowed 89.99%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 761 exceeds required FICO of 720.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $1,167,759.85 or 88.294 months of PITI. | |||||||||||||||||||||||||||||||||||||
| 29 | XXXXXX | XXXXXX | AZ | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | A | C | B | D | B | D | A | D | A | C | B | Credit | Income/ Employment |
Satisfied | D | A | D | A | CRDINC2408 | Income verification does not meet guidelines |
No | Per DU findings and FNMA guides B3- 3.4-11, for notes receivable income, 12 months of evidence of receipt is required. Received only 1st quarter of 2025 evidence of receipt (wire on XXX). Require 2, 3, and 4th quarter evidence of receipt. |
5/26/2026Received Letter from Accountant and payments received of $432,465.89 as of XXX; payments received XXX, XXX, XXX — paid quaqrterly. |
5/26/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: No mortgage lates reporting on credit report. Oldest mortgage tradeline opened October 2016.
CFCFS1737: LTV below guideline requirements - Clayton Comments: CLTV of 80% is less than max allowed 89.99%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 761 exceeds required FICO of 720.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $1,167,759.85 or 88.294 months of PITI. | |||||||||||||||||||||||||||||||||||||
| 29 | XXXXXX | XXXXXX | AZ | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | A | C | B | D | B | D | A | D | A | C | B | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR173 | Comp Photos Unacceptable |
No | Photos for comp 3 and 6 and listing 2 do not show the house considered. No MLS photos to support. |
5/19/2026: Received appraisal updated. |
5/19/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: No mortgage lates reporting on credit report. Oldest mortgage tradeline opened October 2016.
CFCFS1737: LTV below guideline requirements - Clayton Comments: CLTV of 80% is less than max allowed 89.99%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 761 exceeds required FICO of 720.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $1,167,759.85 or 88.294 months of PITI. | |||||||||||||||||||||||||||||||||||||
| 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 | CFCFS2860: Good credit history - Clayton Comments: Strong credit history/profile with no lates and no derogs reporting on credit.
CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: 0 x 30 in 39 months.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has been at job for 7 years and 1 month. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
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 | MD | 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 | 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 $4,451.28 due to Loan Discount Points $4,451.28 increased from LE to CD. Missing a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower. |
06.10.2026 -COC received |
06.10.2026 -Exception satisfied |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 792 exceeds required FICO of 700.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Three months reserves required for subject plus six months for financed REOs: $10,429.10 X 3 = $31,287.30; $5,410.33 X 6 = $32,461.98. Total required $63,749.28. (Higher than DU required $21,307.86).
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per VVOE, Borrower has been with current employer since 1/30/2012. | |||||||||||||||||||||||||||||||||||||
| 33 | XXXXXX | XXXXXX | FL | 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: 0 x 30 in 76 months
CFCFS1736: Significant time at current residence - Clayton Comments: 11+ years at departing residence
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 796 exceeds guidelines | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 35 | 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: 739 Credit score exceeds guidelines 700
CFCFS1744: DTI below guideline requirement - Clayton Comments: 20.5% DTI below guideline requirement 45%
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal use of credit- only 2 accounts with low balances | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 36 | 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 | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is at 38.79 below the max of 50%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 775 exceeds the minimum fico requirement of 700
CFCFS5269: Minimal use of credit - Clayton Comments: Credit utilization is only at 4.33% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
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 | FL | 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 $308,180.70 or 25.17 mos. PITIA. Post close reserves of 3 mos. PITIA or $45,666.63 required.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 774 mid score > min required of 720
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 38.34% is below guideline maximum 50%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 38 | 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: 763 mid score > min required of 700
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 12.16%
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 32.92% is below guideline maximum 50%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 42 | XXXXXX | XXXXXX | MN | 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 24.79% is below guideline maximum 50%.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 80%; guidelines allow 89.99%.
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 5.00%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 797 mid score > min required of 700
CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 285 months.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $1,737,854.50/ 237.43 months PITIA)> min required $25,048.08. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 43 | XXXXXX | XXXXXX | MA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
B | B | B | B | A | A | A | A | B | B | B | B | A | 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 Funding VVOE for B2. Latest in the file is dated XXX. Loan closed XXX. |
(No Data) |
(No Data) |
(No Data) |
Not Applicable |
CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrowers have 95 months mortgage payment history 0x30.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 773 mid score > min required of 700
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 36.76% 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 45 | 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: Borrower has been self-employed for 28 years
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 18.79% is below guideline maximum 45%.
CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 13 years at primary residence. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 46 | XXXXXX | XXXXXX | SC | 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: Borrowers have 166 months mortgage payment history 0x30.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; guidelines allow 80%.
CFCFS1736: Significant time at current residence - Clayton Comments: 14 years at primary residence
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 793 mid score > min required of 700
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 35.33% is below guideline maximum 45%.
CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 318 months.
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 3.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 47 | 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: Credit score 743 exceeds guidelines, minimum 720
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $199,396.63 or 16.07 months exceed guidelines | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 48 | 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: Qualifying credit score is 813. Min required 700.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 40.21 is below max DTI of 50.0.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets are $114,313.14, or 14 months PITI. Three months reserves required plus six months for financed REO. $8,021.84 X 3 = $24,065.52; $2,649.88 X 6 = $15,899.28. total required $39,964.80. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 49 | XXXXXX | XXXXXX | AZ | 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 |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 22.45% is below guideline maximum 45%.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $372314.63 / 51.61 months PITIA > min required of $21,642.21.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 796 mid score > min required of 700. | |||||||||||||||||||||||||||||||||||||
| 50 | 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: Minimal usage of available revolving credit lines @4.59%
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 41.44% is below guideline maximum 50%
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70.00%; guidelines allow 89.99%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 51 | 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: Borrower has 7 years with current employer, 3 years with secondary employment.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves verified at $68,821.07, required reserves per AUS are $0.0.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 36.17 is below overlay max DTI of 45.0. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 52 | XXXXXX | XXXXXX | FL | 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: Borr has been in same line of work for over 38 years
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 786 FICO score > min. requirement of 700
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borr has over $1mm in reserves remaining after mandatory reserve requirement is met. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
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 | 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: 782 mid score > min required of 620
CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 116 months. CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 7.00% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have 67 months mortgage payment history 0x30. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 66.43%; guidelines allow 89.99%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 54 | XXXXXX | XXXXXX | OH | 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 | State Consumer Protection |
Active | B | B | B | B | CMPSTCP117 | OH CSPA; Home Mortgage Information Document not provided |
No | Home Mortgage Information Document not provided |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 36.07 % is below the guidelines 50%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit 793 score exceeds guidelines 700 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 75.00%is below the guidelines 89.99% CFCFS1744: DTI below guideline requi | |||||||||||||||||||||||||||||||||||||
| 57 | 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 | CFCFS1734: Borrower has significant time at current job - Clayton Comments: 20+ years at same employer.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $1,105,808.08 month > reserve requirement $45,994.05; plus six months for financed REO $5,160.18 X 6 = $30,961.08. total required $76,955.13. CFCFS1744: DTI below guideline requirement - Clayton Comments: 798 mid score > min required of 720. CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrowers have 56-months housing payment history 0x30. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 58 | XXXXXX | XXXXXX | CA | 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 | Terms/ Guidelines |
Satisfied | D | A | D | A | CRDTER2548 | Missing AUS or AUS errors present |
No | Missing verification of which AUS used. DU AUS dated XXX at 3:21PM in fileLP AUS dated XXX at 19:23PM in file1008 indicates loan approved with DU |
5/29/2026: Lender verified DU used. |
5/29/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1737: LTV below guideline requirements - Clayton Comments: 65.00 below 89.99 max
CFCFS1744: DTI below guideline requirement - Clayton Comments: 30.69 DTI below max 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 |
Final S&P |
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 | CA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | C | B | D | A | B | B | D | B | C | B | D | A | B | B | Compliance | RESPA | Active | B | B | B | B | CMPRESPA863 | RESPA: Required Affiliate Business Disclosure missing |
No | Provide Affiliate Business Disclosure |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Good credit history
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $400,068.79 in post closing reserves or 35.98 months PITI.Three months reserves required
CFCFS1744: DTI below guideline requirement - Clayton Comments: 22% DTI below guideline requirement 50%
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal use of credit | |||||||||||||||||||||||||||||||||||||
| 59 | XXXXXX | XXXXXX | CA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | C | B | D | A | B | B | D | B | C | B | D | A | B | B | Credit | Credit/ Mtg History |
Active | B | B | B | B | CRDCRMH193 | Length of mortgage/ rental history in file does not meet guideline requirement |
No | Provide VOR to verify 0X30X12 with previous residence rented at $3,300/month. Required per DU item #28. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Good credit history
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $400,068.79 in post closing reserves or 35.98 months PITI.Three months reserves required
CFCFS1744: DTI below guideline requirement - Clayton Comments: 22% DTI below guideline requirement 50%
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal use of credit | |||||||||||||||||||||||||||||||||||||
| 59 | XXXXXX | XXXXXX | CA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | C | B | D | A | B | B | D | B | C | B | D | A | B | B | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR289 | Insufficient Hazard Insurance Coverage |
No | Provide proof of insurance with adequate coverage amount. With all extended coverage, total is XXX. |
5/14/2026: Received updated HOI with additional coverage. No escrows, so increase in premium is ok. |
5/14/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Good credit history
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $400,068.79 in post closing reserves or 35.98 months PITI.Three months reserves required
CFCFS1744: DTI below guideline requirement - Clayton Comments: 22% DTI below guideline requirement 50%
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal use of credit | |||||||||||||||||||||||||||||||||||||
| 59 | XXXXXX | XXXXXX | CA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | C | B | D | A | B | B | D | B | C | B | D | A | B | B | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | LCA/CU Score 4.5. Clayton to order AVM. |
5/5/2026: Received AVM supporting value. |
5/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Good credit history
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $400,068.79 in post closing reserves or 35.98 months PITI.Three months reserves required
CFCFS1744: DTI below guideline requirement - Clayton Comments: 22% DTI below guideline requirement 50%
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal use of credit | |||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 60 | 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: $8,242.97 x 3 = $24,728.91 + $1,296.00 XXX $26,024.91 requiredPost close reserves $162,610.17
CFCFS1737: LTV below guideline requirements - Clayton Comments: 80.00 below max 89.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 61 | 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 | CFCFS1744: DTI below guideline requirement - Clayton Comments: 40% DTI < max permitted of 50%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 724 mid score > min required of 700
CFCFS1737: LTV below guideline requirements - Clayton Comments: 80% CLTV < max permitted of 90% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 62 | 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: Borrowers DTI 42.64% is below guideline maximum 50%.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 64.79%; guidelines allow 89.99%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 742 mid score > min required of 700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 63 | 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 | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | A | A | A | A | CMPTRID5293 | TRID Not all required seller- paid fees were disclosed on the CD |
No | Seller fees listed on Seller CD(recording fees) but not Borrower CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A. |
(No Data) |
(No Data) |
Numeric | Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 10 years.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $210,892.30 or 24.24 months PITI. DU reserves required $51,657. | |||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 64 | 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 | Missing FHLMC SSR. Clayton to order AVM. |
6/11/2026: Received AVM supporting value. |
6/11/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 24.12% is below guideline maximum 50%
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @13.77%
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $474,420.37 or 47.71 months of P&I (or PITI if required) | |||||||||||||||||||||||||||||||||||||
| 65 | XXXXXX | XXXXXX | PA | 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 25.32% is below guideline maximum 50%.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 80.00%; guidelines allow 89.99%.
CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 29 years.
CFCFS1736: Significant time at current residence - Clayton Comments: 28 years at primary residence
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have 271 months mortgage payment history 0x30.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 28+ years at present job
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 778 mid score > min required of 700
CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 316 months. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 66 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
B | A | A | A | A | A | B | A | B | A | A | A | A | A | B | A | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | B | A | B | A | CMPTRID5293 | TRID Not all required seller- paid fees were disclosed on the CD |
No | Seller paid paid fees missing and not updated on final closing disclosure |
06.10.2026 -Seller CD received |
06.10.2026 -Exception satisfied |
Numeric | Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $2,041,285.49 in post closing reserves or 119.95 months PITI.Eighteen months reserves required: $17,016.93 X 18 = $306,304.74.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 803 median FICO. Min required 720.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Verified 11.39% DTI. Max allowed 45%. | |||||||||||||||||||||||||||||||||||||
| 67 | 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 | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have owned Primary home for 20 years.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Borrower 1 has over 26 years at current 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 68 | XXXXXX | XXXXXX | ME | 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 mid score > min required of 720
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 99 months.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 31.58% is below guideline maximum 45%.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets are $530,970.30 or 33.13 months of PITI; required reserves are $16,023.42 x 18 = $288,421.56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 69 | 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 | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 75.51% is below the maximum allowable of 89.99%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of774 is above the required 700.
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of0x30x54 months exceeds the required 0x30x12 months. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 360 | XXXXXX | XXXXXX | NM | 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 | CMPTRID5293 | TRID Not all required seller- paid fees were disclosed on the CD |
No | Not all required seller- paid fees were disclosed on the final CD. Seller’s CD in file and able to trace all fees. |
(No Data) |
(No Data) |
Numeric | Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 482.57 months exceeds the required 3 months reserves plus 2% UPB on Departure Property.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 801 is above the required 700.
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 0x30x75 months exceeds the required 0x30x12 months. | |||||||||||||||||||||||||||||||||||||
| 70 | 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: Minimal usage of available revolving credit lines @ 5.99%
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 14.22% 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 |
Final S&P |
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 | 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: $71,652.23 post closing reserves. $0 required
CFCFS1750: High potential for increased earnings - Clayton Comments: Co-borrower #3 8 months as new XXX. High potential for increased earnings through shift differential pay. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 72 | 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 $2,990,373.67 or 364.01 mos. PITI. Required reserves 3 mos. PITI $8,215.13 * 3 = $24,645.39.
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have 24 months mortgage payment history 0x30.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 19.73% is below guideline maximum 45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 73 | XXXXXX | XXXXXX | MA | 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. |
6/2/2026: Received AVM supporting value. |
6/2/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 777 score exceeds 700 minimum.
CFCFS1737: LTV below guideline requirements - Clayton Comments: 70% LTV with a max 89.99% allowed.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $142,162.03 in post closing reserves or 13.06 months PITI.Three months reserves plus six months for financed REOs required: 10,888.87 X 3 = $32,666.61; ($7,430.27 + $3,299.66 + $5,754.52) X 6 = $98,906.70. Total required $131,573.31. | |||||||||||||||||||||||||||||||||||||
| 74 | XXXXXX | XXXXXX | SC | 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: Low credit utilization ratio of 24.42%.
CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: No mortgage lates on credit. 0 x 30 in 61 months.
CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in profession for 13 years and 4 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 |
Final S&P |
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 | 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 | CFCFS1737: LTV below guideline requirements - Clayton Comments: 80 below max 89.99
CFCFS1734: Borrower has significant time at current job - Clayton Comments: 15+ years with present employer | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 77 | 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 | CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 31.62% is below guideline maximum 45%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 728 mid score > min required of 700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 79 | 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 | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $111,011.17 post closing reserves. Minimum $51259.08 minimum all properties required.
CFCFS1744: DTI below guideline requirement - Clayton Comments: 30.9/36.49 DTI. Max 45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 80 | XXXXXX | XXXXXX | AZ | 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: Verified cash reserves exceed guidelines 3 months
CFCFS2860: Good credit history - Clayton Comments: good credit history and minimal use of credit
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 803 Credit score exceeds guidelines 720 | |||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 80 | XXXXXX | XXXXXX | AZ | 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/LCA score 3.8. Clayton to order AVM. The AVM in the file was done by PNMAC. Must be a third party report. |
6/2/2026: Received AVM supporting value. |
6/2/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves exceed guidelines 3 months
CFCFS2860: Good credit history - Clayton Comments: good credit history and minimal use of credit
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 803 Credit score exceeds guidelines 720 | |||||||||||||||||||||||||||||||||||||
| 81 | 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 | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 30+ years at present job
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 778 mid score > min required of 720
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have 50 months mortgage payment history 0x30.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $1,748,876.92 or 128.20 months of PITIA; required PITIA reserves are $13,640.98 x 3 months = $40,922.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 82 | XXXXXX | XXXXXX | MI | 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: $212,000 + in reserves after closing — exceeds guideline requirements significantly
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 753 credit score exceeds guidelines
CFCFS1736: Significant time at current residence - Clayton Comments: 3 year 6 months at current residence | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 83 | 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: Minimal usage of available revolving credit lines @ 0%
CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 30 years.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 812 exceeds guidelines
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $506,146.92 or 58.93 months exceed guidelines CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 84 | 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: 736 mid score > min required of 700.
CFCFS1734: Borrower has significant time at current job - Clayton Comments: 14+ years at present job | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 85 | 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: Low credit utilization ratio of 9.38%
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has been at current job for 17 years and 4 months.
CFCFS1736: Significant time at current residence - Clayton Comments: Co-borrower has been at current residence for 25 years and 6 months.
CFCFS2860: Good credit history - Clayton Comments: No lates (0 x 30) and no derogatory credit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 86 | 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: 767 fico exceeds minimum required score per guidelines
CFCFS1737: LTV below guideline requirements - Clayton Comments: Verified 74.13% LTV. Max allowed 89.99%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 87 | XXXXXX | XXXXXX | ID | 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 |
CFCFS1739: Positive mortgage payment history - Clayton Comments: 0 x 30 in 92 months
CFCFS1734: Borrower has significant time at current job - Clayton Comments: 14+ years owning business | |||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
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 | FL | 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: 730 mid score > min required of 700.
CFCFS1745: Significant total monthly debt reduction - Clayton Comments: Debt consolidation provided savings to borrower. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 89 | XXXXXX | XXXXXX | IL | 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 in file 3.9, guideline requires 2.5 and below. Clayton to order AVM. |
6/11/2026: Received AVM supporting value. |
6/11/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 19.99% is below guideline maximum 50%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 750 mid score > min required of 700
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | |||||||||||||||||||||||||||||||||||||
| 90 | 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 | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | A | A | A | A | CMPTRID5293 | TRID Not all required seller- paid fees were disclosed on the CD |
No | Not all required seller- paid fees were disclosed on the final CD. Seller’s CD in file and able to trace all fees, exception is satisfied. |
(No Data) | (No Data) | Numeric | Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $913,097.95 or 90.78 months of PITI.
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @8.69%
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 80.00%; guidelines allow 89.99%. | |||||||||||||||||||||||||||||||||||||
| 91 | 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 | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 77.49%; guidelines allow 89.99%.
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 84 months.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $63,603.74 or 8.47 months of PITI, required reserves $22,510.68
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 756 mid score > min required of 700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
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 | 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 4.9 is >2.5. Clayton to order Desk Review |
6/11/2026: Received AVM supporting value. |
6/11/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have owned the primary residence 22 years
CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 24 years in the same profession
CFCFS1740:Mortgage payment history exceeds guidelines - Clayton Comments: 0x30x51 mortgage payment history | |||||||||||||||||||||||||||||||||||||
| 93 | 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 | CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: 15 years on job per VOE
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $117,240.87 in post closing reserves. Min $32,994.09 required
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 791 median FICO. Min required 700. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 94 | 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 | CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Mortgage is 0 x 30 in 56 months.
CFCFS5269: Minimal use of credit - Clayton Comments: Low credit utilization ratio of 10.65%
CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in line of work for 19 years. Co-borrower has been in line of work for 10 years. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 95 | 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: Verified $340,368.62 in post closing reserves or 42.89 months PITI.Three months reserves required plus six months for financed REO: $7,395.18 X 3 = $22,185.54 plus $8,302.42 X 6 = $49,814.52. Total required $72,000.06.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 Credit score exceeds guideline minimum significantly.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 17.8% is significantly below the guideline maximums. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 96 | 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: Verified 769 median FICO. Min required 700.
CFCFS1737: LTV below guideline requirements - Clayton Comments: Verified 66.27% LTV. Max allowed 89.99%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 98 | 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 | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower have been at current residence for 16 years and 4 months.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has been at current job for 25 years and 11 months.
CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: No lates on mortgage. 0 x 30 in 84 months. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 99 | XXXXXX | XXXXXX | AL | 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 16.95% is below guideline maximum 45%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 795 qualifying score > min required of 720
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $1,670,167.78 or 130.83 months of PITIA reserves > required $38,296.35 (3 mos PITIA $12,765.45X3) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 100 | 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 closing assets $615249.69 / 56.49 months PITIA > min required of $32,673.93.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 787 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 |
Final S&P |
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 | 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 | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 794 mid score > min required of 700
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 29.90% is below guideline maximum 45%.
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 102 | XXXXXX | XXXXXX | RI | 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: 731 fico > program minimum of 700.
CFCFS1737: LTV below guideline requirements - Clayton Comments: 63.29% LTV < program maximum of 89.99%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 103 | 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 | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets $500,004.37 or 75.87 months of PITIA; required PITIA reserves $6,589.93 x 3 = $19769.79
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 33.711% is below guideline maximum 50%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 784 mid score > min required of 700
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 80%; guidelines allow 89.99%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 104 | 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 | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 64.01% is below the maximum allowable of 80%.
CFCFS2854: Significant time in profession - Clayton Comments: B2 has been in the same profession for over 20 years.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 796 is above the required 720.
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 0x30x30 months exceeds the required 0x30x12 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 |
Final S&P |
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 | 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: Borrowers DTI 38.13% is below guideline maximum 50%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 800 mid score > min requir ed of 700
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $79,126.98 or 8.19 months of PIIA; required reserves are $9,658.12 x 3 mo. = 28,974.36
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have56 months mortgage payment history 0x30. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 107 | 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 | CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 756 mid score > min required of 620
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 63.35%; guidelines allow 80%.
CFCFS1734: Borrower has significant time at current job - Clayton Comments: 9+ years at present job | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 109 | 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: 11+ years at present job
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 786 mid score > min required of 620
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $476075.29 / 44.03 months PITIA > min required of $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 111 | XXXXXX | XXXXXX | CT | 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: 75 % LTV below guideline requirements Max LTV 89.99%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 762 Credit Score exceeds guidelines of 700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 112 | XXXXXX | XXXXXX | UT | 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 30 years.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 35.46% is below guideline maximum 45%.
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 113 | XXXXXX | XXXXXX | WI | 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 80%; guidelines allow 89.99%.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 39.33% is below guideline maximum 50%.
CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 lates on credit report over last 60 months.
CFCFS2854: Significant time in profession - Clayton Comments: 16+ years at present job
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 790 FICO score. Minimum required 700. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 114 | 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: 750 credit score exceeds guidelines 720.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $832,317.44 in post-closing reserves or 48.68 months PITI.Eighteen months reserves required: $17,094.89 X 18 = $307,708.02.
CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer 3.67 years. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 115 | 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 | CFCFS1744: DTI below guideline requirement - Clayton Comments: 7% DTI < max permitted of 45%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 768 mid score > min required of 700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 |
Final S&P |
Condition Code | Condition Description |
Condition Material Indicator |
Initial Comments | Client/Seller Response Comments |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 116 | XXXXXX | XXXXXX | MO | 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 5.0. Clayton to order AVM. |
6/11/2026: Received AVM supporting value. |
6/11/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $651,605.97 or 44.41 months of PITI.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 64% is below maximum allowed 89.99%
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 37.74 is below maximum allowed 50% | |||||||||||||||||||||||||||||||||||||
| 117 | 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 | CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 748 mid score > min required of 700
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job, 13 years.
CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrowers have 62 months mortgage payment history 0x30. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 118 | XXXXXX | XXXXXX | MN | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | B | B | B | C | B | A | A | C | B | B | B | C | B | 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 Funding VVOE for B1. The latest in the file is dated XXX. Loan closed XXX. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 807 mid score > min required of 700
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 76.60%; guidelines allow 89.99%. | |||||||||||||||||||||||||||||||||||||
| 118 | XXXXXX | XXXXXX | MN | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | B | B | B | C | B | A | A | C | B | B | B | C | B | A | A | Property Valuations |
Appraisal | Active | C | B | C | B | PRVAAPPR119 | Appraisal documentation does not support occupancy |
No | Appraiser to correct occupancy. Appraisal list property as “vacant” although photos show clearly occupied. |
6/11/2026: Lender asked for re-review of exception to be downgraded to non- material. |
6/11/2026: Clayton downgraded to Level 2, non- material. The subject photos Interior/ Exterior shows the subject is occupied. |
(No Data) |
Not Applicable |
CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 807 mid score > min required of 700
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 76.60%; guidelines allow 89.99%. | |||||||||||||||||||||||||||||||||||||
| Client Name: | PennyMac | |||
| Client Project Name: | PNMAC PMTLT 2026-J4_J17056 | |||
|
Conditions Report 2.0
|
||||
| Loans in Report: | 102 | |||
| Loans with Conditions: | 31 | |||
| Deal ID |
Loan Number |
Lender Application Date |
Broker Application Date |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Loan Credit Grade |
Final Securitization Loan Credit Grade |
Initial Securitization Loan Property Valuation Grade |
Final Securitization Loan Property Valuations Grade |
Initial Securitization Loan Compliance Grade |
Final Securitization Loan Compliance Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Loan Credit Grade |
Final S&P Loan Credit Grade |
Initial S&P Loan Property Valuation Grade |
Final S&P Loan Property Valuations Grade |
Initial S&P Loan Compliance Grade |
Final S&P Loan Compliance Grade |
Did Lender Acknowledge Exception at Origination | ||||||||||||||||||||
| 1 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 2 | XXXXXX | XXXXXX | XXXXXX | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | No | ||||||||||||||||||||
| 3 | XXXXXX | XXXXXX | XXXXXX | D | B | B | B | A | A | D | B | D | B | B | B | A | A | D | B | Yes | ||||||||||||||||||||
| 359 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 4 | XXXXXX | XXXXXX | XXXXXX | D | B | C | A | A | A | D | B | D | B | C | A | A | A | D | B | Not Applicable | ||||||||||||||||||||
| 5 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 6 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 7 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 8 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 9 | XXXXXX | XXXXXX | XXXXXX | C | A | A | A | C | A | B | A | C | A | A | A | C | A | B | A | Not Applicable | ||||||||||||||||||||
| 10 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 11 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 12 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 13 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | No | ||||||||||||||||||||
| 14 | XXXXXX | XXXXXX | XXXXXX | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Not Applicable | ||||||||||||||||||||
| 15 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 17 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 18 | XXXXXX | XXXXXX | XXXXXX | B | A | A | A | A | A | B | A | B | A | A | A | A | A | B | A | Not Applicable | ||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | XXXXXX | C | B | C | A | A | A | B | B | C | B | C | A | A | A | B | B | Not Applicable | ||||||||||||||||||||
| 21 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 22 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 23 | XXXXXX | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | A | B | B | D | B | A | A | D | A | B | B | Not Applicable | ||||||||||||||||||||
| 25 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 27 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 29 | XXXXXX | XXXXXX | XXXXXX | D | B | D | A | D | A | C | B | D | B | D | A | D | A | C | B | Not Applicable | ||||||||||||||||||||
| 30 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 31 | XXXXXX | XXXXXX | XXXXXX | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Not Applicable | ||||||||||||||||||||
| 33 | 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 | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 36 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 37 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | 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 Loan Credit Grade |
Final Securitization Loan Credit Grade |
Initial Securitization Loan Property Valuation Grade |
Final Securitization Loan Property Valuations Grade |
Initial Securitization Loan Compliance Grade |
Final Securitization Loan Compliance Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Loan Credit Grade |
Final S&P Loan Credit Grade |
Initial S&P Loan Property Valuation Grade |
Final S&P Loan Property Valuations Grade |
Initial S&P Loan Compliance Grade |
Final S&P Loan Compliance Grade |
Did Lender Acknowledge Exception at Origination | ||||||||||||||||||||
| 38 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 42 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 43 | XXXXXX | XXXXXX | XXXXXX | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 45 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 46 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 47 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 48 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 49 | XXXXXX | XXXXXX | XXXXXX | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Not Applicable | ||||||||||||||||||||
| 50 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 51 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 52 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 53 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 54 | XXXXXX | XXXXXX | XXXXXX | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Yes | ||||||||||||||||||||
| 57 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 58 | XXXXXX | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 59 | XXXXXX | XXXXXX | XXXXXX | D | B | C | B | D | A | B | B | D | B | C | B | D | A | B | B | Not Applicable | ||||||||||||||||||||
| 60 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 61 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 62 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 63 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 64 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | No | ||||||||||||||||||||
| 65 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 66 | XXXXXX | XXXXXX | XXXXXX | B | A | A | A | A | A | B | A | B | A | A | A | A | A | B | A | Not Applicable | ||||||||||||||||||||
| 67 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 68 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 69 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 360 | XXXXXX | XXXXXX | XXXXXX | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Not Applicable | ||||||||||||||||||||
| 70 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 71 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 72 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 73 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 74 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 76 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 77 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 79 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | 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 Loan Credit Grade |
Final Securitization Loan Credit Grade |
Initial Securitization Loan Property Valuation Grade |
Final Securitization Loan Property Valuations Grade |
Initial Securitization Loan Compliance Grade |
Final Securitization Loan Compliance Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Loan Credit Grade |
Final S&P Loan Credit Grade |
Initial S&P Loan Property Valuation Grade |
Final S&P Loan Property Valuations Grade |
Initial S&P Loan Compliance Grade |
Final S&P Loan Compliance Grade |
Did Lender Acknowledge Exception at Origination | ||||||||||||||||||||
| 80 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | A | B | B | D | B | A | A | D | A | B | B | No | ||||||||||||||||||||
| 81 | 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 | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 83 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 84 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 85 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 86 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 87 | XXXXXX | XXXXXX | XXXXXX | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Not Applicable | ||||||||||||||||||||
| 88 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 89 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 90 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 91 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 92 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | No | ||||||||||||||||||||
| 93 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 94 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 95 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 96 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 98 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 99 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 100 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 101 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 102 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 103 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 104 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 106 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 107 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 109 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 111 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 112 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 113 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 114 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 115 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 116 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Yes | ||||||||||||||||||||
| 117 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 118 | XXXXXX | XXXXXX | XXXXXX | C | B | B | B | C | B | A | A | C | B | B | B | C | B | A | A | Not Applicable |