Exhibit 99.05 - Schedule 2
| Conditions Report 2.0 | |||
| Loans in Report: | 39 | ||
| Loans with Conditions: | 23 | ||
| Loan Number | Original Principal Balance | State | Initial Lender ATR/QM Status | Loan Level ATR/QM Status | Initial Securitization Overall Loan Grade | Final Securitization Overall Loan Grade | Initial Securitization Credit Loan Grade | Final Securitization Credit Loan Grade | Initial Securitization Property Valuations Loan Grade | Final Securitization Property Valuations Loan Grade | Initial Securitization Compliance Loan Grade | Final Securitization Compliance Loan Grade | Initial S&P Overall Loan Grade | Final S&P Overall Loan Grade | Initial S&P Credit Loan Grade | Final S&P Credit Loan Grade | Initial S&P Property Valuations Loan Grade | Final S&P Property Valuations Loan Grade | Initial S&P Compliance Loan Grade | Final S&P Compliance Loan Grade | Condition Category | Condition Sub Category | Condition Status | Initial Securitization Condition Grade | Final Securitization Condition Grade | Initial S&P Condition Grade | Final S&P Condition Grade | Condition Code | Condition Description | Condition Material Indicator | Initial Comments | Client/Seller Response Comments | Conclusion Comments | TRID Error Type | Cure Method | Compensating Factors |
| 2138653 | XXXXXX | VA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | B | C | B | B | B | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Please provide confirmation of receipt for CD XXXX. | 12.25.25-Client provided screen shot of doc package sent. Provide the rest of e-sign process summary reflecting CD issued XXXX either Reviewed or Signed. (see email sent.) 1.6.26-Client provided e-sign process Summary for CD issued XXXX reflecting log-in on XXXX providing access to documents sent (received). Satisfied. | 1.6.26- Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 9.64 months of reserves exceeds guideline requirements of 6 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 26.83% is above the minimum program requirements of 50% CFCFS1737: LTV below guideline requirements - Clayton Comments: 80% LTV for Subject Property is below guideline max LTV of 90% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median Fico Score728> 68 points of minimum guideline requirements of 660. |
| 2138653 | XXXXXX | VA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | B | C | B | B | B | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Please provide confirmation of receipt for CD XXXX. | 12.25.25-Client provided screen shot of doc package sent. Provide the rest of e-sign process summary reflecting CD issued XXXX either Reviewed or Signed. (see email sent.) 1.6.26-Client provided e-sign process Summary for CD issued XXXX reflecting log-in on XXXX providing access to documents sent (received).Satisfied | 1.6.26-Satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 9.64 months of reserves exceeds guideline requirements of 6 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 26.83% is above the minimum program requirements of 50% CFCFS1737: LTV below guideline requirements - Clayton Comments: 80% LTV for Subject Property is below guideline max LTV of 90% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median Fico Score728> 68 points of minimum guideline requirements of 660. |
| 2138653 | XXXXXX | VA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | B | C | B | B | B | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | Zero Tolerance fail for $200.00. Appraisal reinspection fee of $200 added to CD XXXX and final CD XXXX. No documentation provided disclosing addition of fee. Please provide either documentation or Letter of explanation, corrected Closing Disclosure, refund, proof of delivery within 60 days of consummation to cure. | 12.25.25-Client provided COC, Satisfied. | 12.25.25-Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 9.64 months of reserves exceeds guideline requirements of 6 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 26.83% is above the minimum program requirements of 50% CFCFS1737: LTV below guideline requirements - Clayton Comments: 80% LTV for Subject Property is below guideline max LTV of 90% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median Fico Score728> 68 points of minimum guideline requirements of 660. |
| 2138653 | XXXXXX | VA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | B | C | B | B | B | A | A | C | B | Credit | LTV/CLTV | Active | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV of 80% is greater than 75% for rural property. Upon further review by Sr. Clayton UW, Clayton deems this non-material due to the following compensating factorsBorrower has been on job for 20 years and 5 months, B1 FICO score is 728 and B2 FICO is 714 and 0 x 30 in the last 24 months. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 9.64 months of reserves exceeds guideline requirements of 6 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 26.83% is above the minimum program requirements of 50% CFCFS1737: LTV below guideline requirements - Clayton Comments: 80% LTV for Subject Property is below guideline max LTV of 90% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median Fico Score728> 68 points of minimum guideline requirements of 660. |
| 2125285 | XXXXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 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 | CMPTRID3640 | TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided | No | Zero tolerance fee for $139.50. Transfer tax increased from $997.50 on CD XXXX to $1137.50 on final CD XXXX. No documentation provide disclosing increase in fee. Lender provided an $80.00 cure. $139.50 balance due. Please provide either documentation or Letter of explanation, corrected Closing Disclosure, refund, proof of delivery within 60 days of consummation to cure. | 11.25.25-Client provided COC for transfer tax increase. Intangible tax increase cure in file applied for that increase of $80.00. Satisfied. | 11.25.25-Satisfied. | Numeric | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has occupied the subject property for 17.3 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 48.87%, max allowed by G/L is 75% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves LTV 75% - None Required. Post cls reserves $62,360.94 or 19.66 months PITI |
| 2138670 | 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 | CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: The borrower has a 28 year credit history with 15 open and active tradelines 0X30 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 720, minimum required by G/L is 680 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves required $4672.36 X 6 = $28,034.16. Post close reserves $44,131.88 or 9.44 months PITIA | |||||||||||||||
| 2138659 | 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: Good Credit History CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 193+ Months reporting positive CFCFS1739: Positive mortgage payment history - Clayton Comments: 28+ Months reporting positively CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 37 Months Reserves | |||||||||||||||
| 2177027 | XXXXXX | GA | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Active | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Provide 12 months canceled checks for the mortgage payments made to the first & second mortgage holders. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: 5+ Years at Current Primary CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 29 Months Reserves |
| 2177027 | XXXXXX | GA | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Active | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has a 1x30 on their mortgage history in the last 12 months. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: 5+ Years at Current Primary CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 29 Months Reserves |
| 2177027 | XXXXXX | GA | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Terms/Guidelines | Satisfied | B | A | B | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Provide Cash Out Letter. | 5.4.2026-May 4th 2026, 5:00:50 pmcash out letter5.4.2026-Received the Cash Out letter, exception satisfied. | Exception satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: 5+ Years at Current Primary CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 29 Months Reserves |
| 2138685 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $350,632.41, or 27.85 months. 6 months required. CFCFS1736: Significant time at current residence - Clayton Comments: In residence 3 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: TV of 60% is below guideline maximum of 70%. | |||||||||||||||
| 2138679 | XXXXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | D | A | C | B | D | B | A | A | D | A | C | B | Compliance | Finance Charge Tolerance | Satisfied | C | B | C | B | CMPFINT109 | Finance charge understated by more than $35 (Pmt Stream) | No | Finance charge understated by $68.10. Tax service fee (life of loan) $68.10 is a fee to be included in APR. Please refund of the amount of the underdisclosure, or, if an ARM and the index is less than the lowest index during the lookback period, reduction in the margin to match the FIR disclosed; LOX; Reopen rescission if applicable; Proof of delivery. Within 60 days of discovery. | 2.13.26-Client provided PCCD, LOX fed ex and check . Satisfied. | 2.13.26- Satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: The borrowers have occupied the subject property for 13 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 34.72%, max allowed by G/L is 75% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves, LTV 75% - None Required. Post close reserves $190,032.32 or 73.96 months PITIA CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 741, minimum required by G/L is 600 |
| 2138679 | XXXXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | D | A | C | B | D | B | A | A | D | 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 | Disclosed Amount Financed is disclosed as $XXX. Calculated amount financed is $XXX. Difference of $68.10 is the amount of tax service fee charged. | 2.16.26-Client provided LOX, copy of cure check, XXX label and PCCD for violation.Satisfied | 2.16.26- Satisfied. | Numeric | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: The borrowers have occupied the subject property for 13 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 34.72%, max allowed by G/L is 75% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves, LTV 75% - None Required. Post close reserves $190,032.32 or 73.96 months PITIA CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 741, minimum required by G/L is 600 |
| 2138679 | XXXXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | D | A | C | B | D | B | A | A | D | A | C | B | Compliance | Section 32 | Satisfied | C | B | C | B | CMPS32371 | Section 32 Loan per Points and Fees Test | No | Maximum charges allowed is $12102.67 (5%). Total adjusted charges are $12994.00 (5.368%). Charges exceed maximum allowed by $891.32 (.368%). No mavent provided to show discount points bona fide. | 1.27.26-Client provided CompEase report with un-discounted starting rate , Satisfied. | 1.27.26- Satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: The borrowers have occupied the subject property for 13 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 34.72%, max allowed by G/L is 75% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves, LTV 75% - None Required. Post close reserves $190,032.32 or 73.96 months PITIA CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 741, minimum required by G/L is 600 |
| 2138679 | XXXXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | D | A | C | B | D | B | A | A | D | A | C | B | Compliance | State High Cost | Satisfied | C | B | C | B | CMPSTHC332 | TX High-Cost Loan by exceeding point and fee threshold, | No | Maximum charges allowed is $12102.67 (5%). Total adjusted charges are $12994.00 (5.368%). Charges exceed maximum allowed by $891.32 (.368%). No mavent provided to show discount points bona fide. | 1.27.26-Client provided CompEase report with un-discounted starting rate , Satisfied. | 1.27.26- Satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: The borrowers have occupied the subject property for 13 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 34.72%, max allowed by G/L is 75% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves, LTV 75% - None Required. Post close reserves $190,032.32 or 73.96 months PITIA CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 741, minimum required by G/L is 600 |
| 2138679 | XXXXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | D | A | C | B | D | B | A | A | D | A | C | B | Compliance | Texas Equity | Satisfied | C | B | C | B | CMPTXEQ5830 | TX Equity - Total fees greater than the allowable cap | No | TX Equity - Total fees charged $7345.74 (2.938%). maximum charges allowed are $5000.00 (2%). Maximum allowed exceeded by $2345.74 (.938%). No mavent provided to show bona fide points. | 1.27.26-Client provided CompEase report with un-discounted starting rate , Satisfied. | 1.27.26-Satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: The borrowers have occupied the subject property for 13 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 34.72%, max allowed by G/L is 75% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves, LTV 75% - None Required. Post close reserves $190,032.32 or 73.96 months PITIA CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 741, minimum required by G/L is 600 |
| 2138679 | XXXXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | D | A | C | B | D | B | A | A | D | A | C | B | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | On the UCDP the appraised value is $XXX instead of the actual value of $XXX. | 2.23.26 please find the updated UCDP | 2.23.26 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: The borrowers have occupied the subject property for 13 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 34.72%, max allowed by G/L is 75% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves, LTV 75% - None Required. Post close reserves $190,032.32 or 73.96 months PITIA CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 741, minimum required by G/L is 600 |
| 2138680 | XXXXXX | WA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | A | Compliance | Ability to Repay/Qualified Mortgage | Satisfied | D | A | D | A | CMPATRQM3220 | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. | No | Verbal verification of employment missing | 1.30.26 VVOE provided, please clear finding.1.31.26 exception satisfied | 1.31.26 exception satisfied | (No Data) | Not Applicable | CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrower has never been 1X30 with history from 9/2018. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 77.49% is below guideline maximum of 85% for a Full Doc Rate/Term refinance with a 776 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $73,150.72, or 14.81 months. 6 months required. |
| 2138680 | XXXXXX | WA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Verbal verification of employment missing | 1.30.26 VVOE provided, please clear finding.1.31.26 exception satisfied | 1.31.26 exception satisfied | (No Data) | Not Applicable | CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrower has never been 1X30 with history from 9/2018. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 77.49% is below guideline maximum of 85% for a Full Doc Rate/Term refinance with a 776 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $73,150.72, or 14.81 months. 6 months required. |
| 2138726 | XXXXXX | TN | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 785 exceeds 720 the minimum required per lender guidelines CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 45 months mortgage payment history exceeds 12 months the minimum required per lender guidelines CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves in the amount of $177,148.54 exceeds $4,041.48 the minimum amount required per lender guidelines CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 76.50% is below 80.00% the maximum allowable per lender guidelines | |||||||||||||||
| 2138731 | XXXXXX | PA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 18+ months reserves exceeds guidelines. CFCFS2860: Good credit history - Clayton Comments: Guarantor demonstrates good credit history. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 261 months credit history exceeds guidelines. | |||||||||||||||
| 2138684 | XXXXXX | OR | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | C | B | A | A | D | B | D | B | C | 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 | Missing Divorce Decree/Support obligation for B2. Paystub deduction not included in DTI. Guidelines allow up to 55% DTI if the LTV is 85% or less, residual income of $4,000 and 0x30 on mortgage history. Borrowers meet all of the criteria. | 2.10.2026-Guidelines allow up to 55% DTI if the LTV is 85% or less, residual income of $4,000 and 0x30 on mortgage history. Borrowers meet all of the criteria. | 2.10.2026-Exception satisfied. | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per VOE borrower has been on job since 4/7/2008. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 76.92% is below guideline maximum of 90% for a Full Doc purchase with a 770 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $47,896.90, or 11.94 months. 6 months required. |
| 2138684 | XXXXXX | OR | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | C | B | A | A | D | B | D | B | C | B | A | A | D | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | Zero tolerance fail of $2500.00- Lender credit decrease & discount points added on LE XXXX. Provide COCs OR PCCD, LOX, Copy of tolerance check including proof of delivery within 60 days of consummation. | 2.3.26-Please re-send docs, nothing reflected as received.2.5.26-Client provided COCs, satisfied. | 2.5.26- satisfied. | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per VOE borrower has been on job since 4/7/2008. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 76.92% is below guideline maximum of 90% for a Full Doc purchase with a 770 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $47,896.90, or 11.94 months. 6 months required. |
| 2138684 | XXXXXX | OR | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | C | B | A | A | D | B | D | B | C | B | A | A | D | B | Credit | Credit/Mtg History | Active | C | B | C | B | CRDCRMH1805 | Debts/obligations not disclosed/accounted for at origination | No | Missing Divorce Decree/Support obligation for B2. Paystub deduction not included in DTI. | 2.9.2026-Client's response: February 4th 2026, 11:48:50 amB2 we are using his hourly pay at 36 hours per week, there are no deductions or anything to warrant the divorce decree please clear.2.9.2026-Clayton's response: The co-borrower's credit report shows an account with the XXX., XXX which is a XXX obligation. Exception remains.2.10.2026-The borrower is unable to provide the documents from the court. Clayton deems this non-material. Compensating factors 770 FICO, 11 months in reserves, 17 years at current employer. | 2.9.2026-Exception remains. | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per VOE borrower has been on job since 4/7/2008. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 76.92% is below guideline maximum of 90% for a Full Doc purchase with a 770 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $47,896.90, or 11.94 months. 6 months required. |
| 2138684 | XXXXXX | OR | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | C | B | A | A | D | B | D | B | C | B | A | A | D | B | Credit | LTV/CLTV | Active | B | B | B | B | CRDLTV5736 | LTV Exceeds Guideline Requirement by less than 5% | No | Due to the property being Rural; the LTV is limited to 75%. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per VOE borrower has been on job since 4/7/2008. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 76.92% is below guideline maximum of 90% for a Full Doc purchase with a 770 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $47,896.90, or 11.94 months. 6 months required. |
| 2176990 | XXXXXX | GA | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | N/A | N/A | D | A | A | A | D | A | N/A | N/A | Property Valuations | Property | Satisfied | D | A | D | A | PRVAPROP132 | Missing HOA Certificate/Questionnaire | No | Missing Condo Questionnaire. | 3.1.26 Condo questionnaire provided, please clear.3.1.26 HOA cert reflects Condo involved with pending litigation. Please provide litigation docs. exception remains. 3.03.2026-Client's response: March 2nd 2026, 6:47:03 pmLitigation documentation provided, please clear.3.03.2026-Clayton's response: Received the condo litigation; it is a minor matter with no impact on the safety, structural soundness, habitability or functional use of the property. Exception satisfied. | 3.1.26 exception remains. 3.03.2026-Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 53+ months reserves exceeds guidelines. CFCFS2860: Good credit history - Clayton Comments: Guarantor demonstrates good credit history. CFCFS1739: Positive mortgage payment history - Clayton Comments: Guarantor demonstrates positive mortgage payment history. |
| 2177022 | XXXXXX | AL | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Terms/Guidelines | Active | B | B | B | B | CRDTER5518 | Loan fails XXX Minimum Equity requirement | No | Appraised value $XXX- Loan amount $XXX = $XXX equity. Guidelines require $40,000.00. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 734, minimum required by G/L is 700 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: The borrower has a 116 year credit history with 11 open and active tradelines 0X30 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves required $1053.44 X 3 = $3160.32. Post close reserves $43,700.41 or 41.48 months PITI |
| 2176996 | XXXXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 57.45%; guideline allows 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 780 is 160 points above program minimum requirement of 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves Cash to borrower $118345.89 | |||||||||||||||
| 2176978 | XXXXXX | HI | QM: Safe Harbor (APOR) | QM: Rebuttable Presumption (APOR) | C | B | B | B | C | A | C | A | C | B | B | B | C | A | C | A | Compliance | Ability to Repay/Qualified Mortgage | Satisfied | C | A | C | A | CMPATRQM2900 | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Clayton's status determination places loan in a riskier status than the Lender's status determination. | No | Client declared QM Safe Harbor APOR, Clayton status is QM Rebuttable Presumption (APOR) due to Benchmark Date XXXX, loan has a test APR 7.892%, the Benchmark Rate was 6.22%; Variance 1.672%; max allowed is 1.5000% | 4.28.26 Client response; We accept the determination on this and please clear the exception.4.28.26 Clayton memo; exception satisfied; However, a level 2 exception will remain on file as Lender changed their status determination based upon Claytons review. | 4.28.26 Clayton memo; exception satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves required $19,840.16 X 6 = $119,040.96. Post close reserves $318,433.54 or 16.04 months PITI CFCFS2854: Significant time in profession - Clayton Comments: The borrower has been in the XXX industry for 10 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 54.95%, max allowed by G/L is 70% |
| 2176978 | XXXXXX | HI | QM: Safe Harbor (APOR) | QM: Rebuttable Presumption (APOR) | C | B | B | B | C | A | C | A | C | B | B | B | C | A | C | A | Credit | Ability to Repay/Qualified Mortgage | Active | B | B | B | B | CRDATRQM5170 | TILA - ATR/QM: Lender changed their status determination based upon Clayton's review | No | Client agreed to QM rebuttable APOR status based upon Clayton review. | (No Data) | (No Data) | Not Applicable | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves required $19,840.16 X 6 = $119,040.96. Post close reserves $318,433.54 or 16.04 months PITI CFCFS2854: Significant time in profession - Clayton Comments: The borrower has been in the XXX industry for 10 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 54.95%, max allowed by G/L is 70% |
| 2176978 | XXXXXX | HI | QM: Safe Harbor (APOR) | QM: Rebuttable Presumption (APOR) | C | B | B | B | C | A | C | A | C | B | B | B | C | A | C | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | Missing subsequent inspection. Declaration date XXXX, Effective date XXXX: Severe Storms, Flooding, Mudslides, and Landslides Declaration #XXX | 5.6.26 PDI provided, please clear5.6.26 exception satisfied | 5.6.26 exception satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves required $19,840.16 X 6 = $119,040.96. Post close reserves $318,433.54 or 16.04 months PITI CFCFS2854: Significant time in profession - Clayton Comments: The borrower has been in the XXX industry for 10 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 54.95%, max allowed by G/L is 70% |
| 2176989 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2860: Good credit history - Clayton Comments: Guarantor demonstrates good credit history. CFCFS1736: Significant time at current residence - Clayton Comments: Guarantor has lived at current residence 15 years. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 353 months credit history exceeds guidelines. | |||||||||||||||
| 2177031 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH1805 | Debts/obligations not disclosed/accounted for at origination | No | The property and related expenses for XXX are not listed in the schedule of real estate owned. There is no documentation showing that the borrower is or is not affiliated with the current listed owner "XXX" Independent verification through the SOS website shows that the borrower is the owner of this LLC.Business bank statement XXX XXX is listed in the name of XXX. An explanation of the borrower's ownership of that property is required, but not provided. | April 23rd 2026, 5:19:36 pmTitle for XXX is in the name of LLC not the borrower's. FL SOS for XXX provided shows the borrower is the owner.4.29.2026-Exception satisfied, | 4.29.2026-Exception satisfied. | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has 15 years in their current role. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $265,524.38 in post-closing reserves or 76.23 months' PITIA. 3 months PITIA reserves required: $3,483.08 x3 = $10,449.24. Overage $255,075.14. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum FICO is 620. Approved FICO is 723. |
| 2177031 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing two months' lease payments for XXX or XXX. Both properties have $3,100 monthly leases, but only one set of $3,100 deposits was provided.Verification of impounds is missing the following mortgage payment with escrowed taxes or insurance: XXX, XXX, XXX, XXX,XXX, XXXVerification of HOA payments or a statement that no HOA exists is missing for all non-subject properties. No HOA payments are listed on the schedule of real estate owner. Multiple non-subject properties are condos. | April 23rd 2026, 5:18:59 pm2 Months bank statements for XXX have been provided. Verification of impounds and HOA information provided for XXX, XXX, XXX, XXX, XXX, XXX4.29.2026-Received the documentation for the PITI, exception is satisfied. | 4.9.202-Exception satisfied. | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has 15 years in their current role. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified $265,524.38 in post-closing reserves or 76.23 months' PITIA. 3 months PITIA reserves required: $3,483.08 x3 = $10,449.24. Overage $255,075.14. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Minimum FICO is 620. Approved FICO is 723. |
| 2177032 | XXXXXX | FL | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | N/A | N/A | D | A | A | A | D | A | N/A | N/A | Property Valuations | Property | Satisfied | D | A | D | A | PRVAPROP132 | Missing HOA Certificate/Questionnaire | No | Missing Condo Questionnaire | 4.21.2026-Client's response: April 20th 2026, 10:50:48 amHOA questionnaire provided. Please clear.4.21.2026-Clayton's response: Received the Condo Questionnaire. Exception satisfied. | Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves required $3554.48 X 3 = $10,663.44. Post close reserves $248,197.29 or 69.54 months PITI CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 33.27%, max allowed by G/L is 50% CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been self employed for 8.11 years |
| 2177007 | XXXXXX | DC | (No Data) | ATR/QM: Exempt | 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 has 20+ years of home ownership in primary residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 762 mid score 142 points > min required of 620 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 53.19 > max of 80%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves $184,575.97 = 51 months PITIA $3605.91. LTV <65% no reserves required. | |||||||||||||||
| 2176986 | XXXXXX | MO | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: The borrower has a 35 year credit history with 30 open and active tradelines 0X30 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO is 752, minimum required by G/L is 680 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves required $3159.17 X 6 = $18,955.02. Post close reserves $400,409.49 or 126.74 months PITIA | |||||||||||||||
| 2176974 | XXXXXX | SC | (No Data) | ATR/QM: Exempt | B | B | A | A | B | B | N/A | N/A | B | B | A | A | B | B | N/A | N/A | Property Valuations | FEMA | Active | B | B | B | B | PRVAFEMA856 | Natural Disaster Area, no subsequent inspection (Public) | No | No inspection since FEMA Disaster- XXX FEMA #XXX Severe Winter Storms | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 742 is 122 points above program minimum requirement of 620. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves Cash to borrower $243292.75 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 75%; guideline allows 80%. |
| 2176987 | XXXXXX | MT | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Credit/Mtg History | Satisfied | B | A | B | A | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Provide 12 months canceled checks for the rent payments to XXX. | 5.4.26 VOR provided5.4.26 exception satisfied | 5.4.26 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is below guideline maximum of 75% for a DSCR cash out refinance with a 690 credit score. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 690 exceeds guideline minimum, of 620 for a DSCR cash out refinance at 70% LTV. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $118,430.46, or 23.69 months. 3 months required. |
| 2176987 | XXXXXX | MT | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL1819 | Estimated HUD-1 in File, Missing Final HUD-1 | No | Please provide fully executed final HUD-1 | 4.28.26 FSS provided. Please clear.4.28.26 exception satisfied | 4.28.26 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is below guideline maximum of 75% for a DSCR cash out refinance with a 690 credit score. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 690 exceeds guideline minimum, of 620 for a DSCR cash out refinance at 70% LTV. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $118,430.46, or 23.69 months. 3 months required. |
| 2177010 | XXXXXX | TN | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Active | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Provide 12 months of canceled checks for the mortgage paid to XXX | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 93 months credit history exceeds guidelines. CFCFS1736: Significant time at current residence - Clayton Comments: Guarantor has lived at current residence 3+ years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 10+ months reserves exceeds guidelines. |
| 2177012 | XXXXXX | TN | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 8+ months reserves exceeds guidelines. CFCFS2860: Good credit history - Clayton Comments: Guarantor demonstrates good credit history. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 117 months credit history exceeds guidelines. | |||||||||||||||
| 2176976 | XXXXXX | MN | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 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 | 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 fail of $427.69 due to addition of Rate Lock Ext Fee on CD XXXX. Provide COC for addition OR PCCD, LOX, Copy of Tolerance check (including 3rd party label) within 60 days of consummation. | 4.23.26-Client provided COC, Satisfied. | 4.23.26- Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 715 exceeds the minimum of 680 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 72 months reviewed exceed the required 12 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves $76022.65, 25.42 months reserves, 0 months required CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 40.48% is below the maximum of 50% CFCFS1736: Significant time at current residence - Clayton Comments: 23 yrs residing in current residence |
| 2177023 | XXXXXX | MO | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Application | Satisfied | D | A | D | A | CRDAPP3822 | Missing or incomplete documentation related to citizenship/residency | No | Missing documentation to support citizenship. Missing execute W-8 (XXXX), Utility bill provided is illegible. | 4.30.26 W8 and utility bill provided. Please clear.5.4.26 exception satisfied | 5.4.26 exception satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 9+ months reserves exceeds guidelines. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 152 months credit history exceeds guidelines. CFCFS1736: Significant time at current residence - Clayton Comments: Guarantor has lived at current residence 5 years. |
| 2177015 | XXXXXX | GA | (No Data) | ATR/QM: Exempt | C | B | B | B | C | A | N/A | N/A | C | B | B | B | C | B | N/A | N/A | Credit | Credit/Mtg History | Satisfied | B | A | B | A | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Missing 12 month housing history. | 5.4.2026-May 4th 2026, 1:54:01 pmplease find the vom and vor5.4.2026-Received the VOM, VOR and bank statements, exception satisfied. | 5.4.2026-Exception satisfied. | (No Data) | Not Applicable | CFCFS2860: Good credit history - Clayton Comments: Borrower last consumer delinquency was in 1/2023. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $40,969.31, or 24.64 months. 3 months required. CFCFS1736: Significant time at current residence - Clayton Comments: In residence 1 year. |
| 2177015 | XXXXXX | GA | (No Data) | ATR/QM: Exempt | C | B | B | B | C | A | N/A | N/A | C | B | B | B | C | B | N/A | N/A | Credit | LTV/CLTV | Active | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV of 80% exceeds guideline maximum of 75% for an DSCR cash out refinance with a 714 credit score. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS2860: Good credit history - Clayton Comments: Borrower last consumer delinquency was in 1/2023. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $40,969.31, or 24.64 months. 3 months required. CFCFS1736: Significant time at current residence - Clayton Comments: In residence 1 year. |
| 2177015 | XXXXXX | GA | (No Data) | ATR/QM: Exempt | C | B | B | B | C | A | N/A | N/A | C | B | B | B | C | B | N/A | N/A | Property Valuations | Value | Satisfied | C | A | C | B | PRVAVALU5249 | Property Value Not Supported | No | Appraised value is $XXX to $XXX desk review value. If the value of the desk review is more than 10% below the appraised value of the property, XXX may choose to use the value of the desk review as the basis for making the loan, or, at its discretion. $XXX was used for LTV qualification. | (No Data) | 4.28.26 If the value of the desk review is more than 10% below the appraised value of the property, XXX may choose to use the value of the desk review as the basis for making the loan, | Not Applicable | Not Applicable | CFCFS2860: Good credit history - Clayton Comments: Borrower last consumer delinquency was in 1/2023. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $40,969.31, or 24.64 months. 3 months required. CFCFS1736: Significant time at current residence - Clayton Comments: In residence 1 year. |
| 2176988 | XXXXXX | CA | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL1819 | Estimated HUD-1 in File, Missing Final HUD-1 | No | Please provided fully executed final HUD-1 | 4.27.2026-April 27th 2026, 12:08:12 pmFSS provided. Please clear.4.27.2026-Received the Final HUD1, exception is satisfied. | 4.27.2026-Exception satisfied. | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 63 months mortgage payment history exceeds 12 months the minimum required per lender guidelines CFCFS1739: Positive mortgage payment history - Clayton Comments: 63 months positive mortgage payment history exceeds 12 months the minimum required per lender guidelines CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have 17 years,6 months' time at their current residence CFCFS1737: LTV below guideline requirements - Clayton Comments: 65.00% LTV is below 75.00% the maximum allowable for purchase of Rural Property CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves in the amount of $97,515.06 exceeds $21,845.28 (3 months PITI) the minimum required per lender guidelines CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 814 credit score exceeds 620 the minimum required per lender guidelines |
| 2176977 | 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 | CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 329+ Months reporting on Credit Report CFCFS1736: Significant time at current residence - Clayton Comments: 32+ Years at Current Residence CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 111 Months Reserves | |||||||||||||||
| 2176981 | XXXXXX | TN | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | Compliance | Section 32 | Satisfied | C | B | C | B | CMPS32371 | Section 32 Loan per Points and Fees Test | No | Adjusted charges are $18760.00 or 5.902% and max allowed is $9535.36 or 3.0%. Points and fees exceed by $9224.64 or 2.902%. Please provide Mavent or other form of Discount disclosure showing benefit of discount points of 5.0% charged on the final CD dated XXXX. Alternatively, Within 30 days of loan closing notify the borrower of the error AT THE BORROWER'S OPTION either make the loan a compliant high-cost mortgage, or make restitution and/or change the terms such that the loan is no longer a high-cost mortgage. | 5.1.26-Client provided un-discounted starting rate of 7.25%, Satisfied. | 5.1.26-Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $196,931.60, or 74.48 months. Reserves not required. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per CPA borrower has been in business since 2011. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is below guideline maximum of 85% for an Alt Doc purchase with a 709 credit score. |
| 2176981 | XXXXXX | TN | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | Zero tolerance fees increased by $13,766.11 without a Change of Circumstance. Discount points increased by $12,050.00 on CD dated XXXX from CD dated XXXX and transfer tax increased by $1776.11 on final CD dated 3/31/2026 from CD dated 3/20/2026. Please provide Letter of explanation, corrected Closing Disclosure, refund, proof of delivery within 60 days of consummation. | 5.18.26-Client provided NEW CD issued XXXX & multiple COCs. Provide COC for increase in Transfer Taxes on CD issued XXXX. The COC provided for this date only cites rate lock as reason, OR Provide PCCD, LOX, Copy of tolerance check $1726.11 & proof of receipt via 3rd party label within 60 days of consummation.XXXX-Client provided Copy of tolerance check, proof of delivery, LOX, & PCCD issued XXXX. Satisfied. | 5.27.26-Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $196,931.60, or 74.48 months. Reserves not required. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per CPA borrower has been in business since 2011. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is below guideline maximum of 85% for an Alt Doc purchase with a 709 credit score. |
| 2176981 | XXXXXX | TN | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | Credit | DTI | Active | B | B | B | B | CRDDTI187 | Debt Ratio > 50% | No | DTI of 54.55% is above maximum of 50% for XXX. Clayton deems this non-material. Compensating factors FICO 709, 74 months in reserves, 21 years at current employment. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $196,931.60, or 74.48 months. Reserves not required. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per CPA borrower has been in business since 2011. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is below guideline maximum of 85% for an Alt Doc purchase with a 709 credit score. |
| 2176981 | XXXXXX | TN | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Provide PITIA for XXX | 4.30.26 Mortgage statement and HOA fee provided, please clear.5.4.26 exception satisfied | 5.4.26 exception satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $196,931.60, or 74.48 months. Reserves not required. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per CPA borrower has been in business since 2011. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is below guideline maximum of 85% for an Alt Doc purchase with a 709 credit score. |
| 2177008 | XXXXXX | CA | (No Data) | ATR/QM: Exempt | 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 0 x 30 past 60 months exceeds guideline requirement. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves $189,351.33, or 85.62 months PITI exceed guideline requirement. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 56.60% is below max guideline requirement of 80% | |||||||||||||||
| 2176982 | XXXXXX | NC | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | C | A | A | A | D | B | D | B | C | A | A | A | D | B | Compliance | Ability to Repay/Qualified Mortgage | Satisfied | D | A | D | A | CMPATRQM3220 | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. | No | Missing all income docs for B2. | May 4th 2026, 7:31:08 pmvoe showing ytd income5.11.2026-Received the Verification of Employment with income, exception is satisfied. | 5.11.2026-Exception satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below guideline maximum of 85% for a Full Doc cash out refinance with a 680 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $36,173.57, or 17 months. Reserves not required. CFCFS1736: Significant time at current residence - Clayton Comments: In residence 12 years. |
| 2176982 | XXXXXX | NC | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | C | A | A | A | D | B | D | B | C | A | A | A | D | B | Compliance | RESPA | Active | B | B | B | B | CMPRESPA2698 | RESPA - List of homeowners counseling organizations not in file | No | List of homeowners counseling organizations not in file | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below guideline maximum of 85% for a Full Doc cash out refinance with a 680 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $36,173.57, or 17 months. Reserves not required. CFCFS1736: Significant time at current residence - Clayton Comments: In residence 12 years. |
| 2176982 | XXXXXX | NC | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | C | A | A | A | D | B | D | B | C | A | A | A | D | B | Compliance | Section 32 | Satisfied | C | B | C | B | CMPS32371 | Section 32 Loan per Points and Fees Test | No | Maximum allowed charges are $13127.33 (5%). Total adjusted charges are $14822.91 (5.646%). Maximum allowed charges exceeded by $1695.58 (.646%). No Mavent provided to see if discount points bona fide. | 5.5.26-Client provided un-discounted starting rate of 7.125%. Satisfied. | 5.5.26- Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below guideline maximum of 85% for a Full Doc cash out refinance with a 680 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $36,173.57, or 17 months. Reserves not required. CFCFS1736: Significant time at current residence - Clayton Comments: In residence 12 years. |
| 2176982 | XXXXXX | NC | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | C | A | A | A | D | B | D | B | C | A | A | A | D | B | Compliance | State High Cost | Satisfied | C | B | C | B | CMPSTHC313 | NC High-Cost Loan by exceeding point and fee threshold. | No | Maximum allowed charges are $13127.33 (5%). Total adjusted charges are $14822.91 (5.646%). Maximum allowed charges exceeded by $1695.58 (.646%). No Mavent provided to see if discount points bona fide. | 5.5.26-Client provided un-discounted starting rate of 7.125%. Satisfied. | 5.5.26- Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below guideline maximum of 85% for a Full Doc cash out refinance with a 680 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $36,173.57, or 17 months. Reserves not required. CFCFS1736: Significant time at current residence - Clayton Comments: In residence 12 years. |
| 2176982 | XXXXXX | NC | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | C | A | A | A | D | B | D | B | C | A | A | A | D | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Please provide confirmation of receipt for final LE XXXX and initial CD XXXX. | 5.5.26-Client provided screen shot of doc package(s) sent. Provide e-sign summary(s) reflecting LE issued XXXX, CD issued XXXX to include borrower log-in date/time for each.5.11.26-Client provided e-sign process Summary for LE issued XXXX & CD issued XXXX reflecting log-in on date(s) issued providing access to documents sent (received). Satisfied. | 5.11.26-Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below guideline maximum of 85% for a Full Doc cash out refinance with a 680 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $36,173.57, or 17 months. Reserves not required. CFCFS1736: Significant time at current residence - Clayton Comments: In residence 12 years. |
| 2176982 | XXXXXX | NC | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | C | A | A | A | D | B | D | B | C | A | A | A | D | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Please provide confirmation of receipt for final LE XXXX and initial CD XXXX. | 5.5.26-Client provided screen shot of doc package(s) sent. Provide e-sign summary(s) reflecting LE issued XXXX, CD issued XXXX to include borrower log-in date/time for each.5.11.26-Client provided e-sign process Summary for LE issued XXXX & CD issued XXXX reflecting log-in on date(s) issued providing access to documents sent (received). Satisfied. | 5.11.26- Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below guideline maximum of 85% for a Full Doc cash out refinance with a 680 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $36,173.57, or 17 months. Reserves not required. CFCFS1736: Significant time at current residence - Clayton Comments: In residence 12 years. |
| 2176982 | XXXXXX | NC | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | C | A | A | A | D | B | D | B | C | A | A | A | D | B | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC888 | Income Amount is Unsupported by Documentation in File | No | Missing all income docs for B2. | May 4th 2026, 7:31:08 pmvoe showing ytd income5.11.2026-Received the Verification of Employment with income, exception is satisfied. | 5.11.2026-Exception satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below guideline maximum of 85% for a Full Doc cash out refinance with a 680 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $36,173.57, or 17 months. Reserves not required. CFCFS1736: Significant time at current residence - Clayton Comments: In residence 12 years. |
| 2177029 | XXXXXX | VA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: $290,486.25 post-closing reserves, 238 Months PITIA. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrower does not have any major mortgage related occurrences | |||||||||||||||
| 2177024 | XXXXXX | VA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 802 exceeds guideline minimum of 700 for a DSCR purchase at 80% LTV. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $271,759.16, or 164.23 months. 3 months required. CFCFS1736: Significant time at current residence - Clayton Comments: In residence 7 years. | |||||||||||||||
| 2176984 | XXXXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 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 | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Please provide initial CD issued and confirmed by borrower 3 days prior to consummation date of XXX. | 4.30.26-Client provided CD issued 4/9/26 , e-signed 4/9/26. Satisfied. | 4.30.26-Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 796 exceeds guideline minimum of 660 for a Full Doc purchase at 80% LTV. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below guideline maximum of 90% for a Full Doc purchase with a 796 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $140,436.55, or 45.03 months. 6 months required. |
| 2176984 | XXXXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Please provide initial CD issued and confirmed by borrower 3 days prior to consummation date of XXX. | 4.30.26-Client provided CD issued 4/9/26 , e-signed 4/9/26. Satisfied. | 4.30.26- Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 796 exceeds guideline minimum of 660 for a Full Doc purchase at 80% LTV. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below guideline maximum of 90% for a Full Doc purchase with a 796 credit score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $140,436.55, or 45.03 months. 6 months required. |
| 2177030 | XXXXXX | OH | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at current residence for over 10 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history 0 x 30 past 28 months exceeds guideline requirement. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves $17,621.83, or 13.94 months PITI, exceed guideline requirement. | |||||||||||||||
| 2176985 | XXXXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1739: Positive mortgage payment history - Clayton Comments: Guarantor demonstrates positive mortgage payment history. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 15+ months reserves exceeds guidelines. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 249 months credit history exceeds guidelines. | |||||||||||||||
| 2177025 | XXXXXX | TN | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Terms/Guidelines | Active | B | B | B | B | CRDTER5518 | Loan fails XXX Minimum Equity requirement | No | Guidelines require $40,000 equity; subject has $XXX. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned current residence for 2 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves are $31,716.15, or 25.96 months. 3 months required. CFCFS1750: High potential for increased earnings - Clayton Comments: Borrower has never been 1X30 with history from 3/1999 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 785 exceeds guideline minimum of 700 for a DSCR rate/term at 80% LTV. |
| 2176999 | XXXXXX | CA | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL1819 | Estimated HUD-1 in File, Missing Final HUD-1 | No | Please provide fully executed final HUD-1. | 4.28.26 FSS provided. Please clear.4.28.26 exception satisfied | 4.28.26 exception satisfied | (No Data) | Not Applicable | CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 181 months credit history exceeds guidelines. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 65+ months reserves exceeds guidelines. CFCFS1736: Significant time at current residence - Clayton Comments: Guarantor has lived at current residence 5+ years. |