EXHIBIT 99.12

CONSOLIDATED ANALYTICS POOL 1 EXCEPTION GRADES REPORT

 


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
51       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   06/30/2025   Cured   finding-3634   Compliance   Charges That Cannot Increase Test   This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The Tolerance violation in the amount of XXX is due to Increase from XXX to XXX for the Transfer Taxes on PCCD XXX/XXX/XXX.   Cure documents uploaded   08/07/2025   Lender provided LOE, PCCD, copy of refund check and proof of delivery. Cured post close, loan will be graded a B.   08/08/2025   Borrower has stable job time — Borrower has XXX years on job.   D   B   C   B   D   A   A   A   C   B   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
51       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   07/08/2025   Resolved   FCRE9184   Credit   ULI Number on URLA does not match ULI Number provided by the Lender   The ULI Number on URLA ([ULI]) does NOT Match the ULI Number provided by the Lender (Tape ULI]). Missing evidence of lenders ULI number.   XXX is correct   07/08/2025   Lender provided valid ULI of XXX. Condition cleared.; Material Finding   07/10/2025   Borrower has stable job time — Borrower has XXX years on job.   D   B   B   A   D   A   A   A   C   B   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
51       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   07/01/2025   Resolved   FCRE3606   Credit   HMDA Data Tape Not Provided   Loan is pending HMDA data review. Additional conditions may apply.           HMDA data received, no new discrepancies, finding resolved.; HMDA Data Tape Provided.   07/08/2025   Borrower has stable job time — Borrower has XXX years on job.   D   B   C   A   D   A   A   A   C   B   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
51       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   07/01/2025   Resolved   FCRE1201   Credit   Third Party Fraud Report not Provided   Missing Third Party Fraud Report           Fraud Report received with no red flags. Condition Cleared.; Third Party Fraud Report is provided   07/07/2025   Borrower has stable job time — Borrower has XXX years on job.   D   B   D   A   D   A   A   A   C   B   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
2       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   01/26/2026   Resolved   FCRE1198   Credit   Audited Reserves are less than Guideline Required Reserves (Number of Months)   Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s) The borrower has XXX in verified assets, which is not sufficient to meet reserve requirements after cash to close is deducted. No reserves required per AUS, however lender guidelines requires XXX months reserves.   Document Uploaded. The CD requires XXX for closing. $XXX-$XXX =$XXX reserves.   03/27/2026   Client provided updated Closing Disclosure reflecting XXX Cash to Close, XXX Statement reflecting XXX refunded to the Borrower and Refund letter to the Borrower. The CD requires XXX for closing. $XXX-$XXX =$XXX reserves. LM Updated.; Audited Reserves of XX/XX/XXXX month(s) are greater than or equal to Guideline Required Reserves of XXX month(s); Audited Reserves of XX/XX/XXXX month(s) are less than Guideline Required Reserves of XXX month(s) The borrower has XXX in verified assets, which is not sufficient to meet reserve requirements after cash to close is deducted. No reserves required per AUS, however lender guidelines requires XXX months reserves.   03/30/2026   Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time — Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99%   D   A   C   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
2       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   01/26/2026   Resolved   FCRE9995   Credit   Audited Reserves are less than Guideline Required Reserves (Dollar Amount)   Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. The borrower has XXX in verified assets, which is not sufficient to meet reserve requirements after cash to close is deducted.   Document Uploaded. The CD requires XXX for closing. $XXX-$XXX =$XXX reserves.   03/27/2026   Client provided updated Closing Disclosure reflecting XXX Cash to Close, XXX Statement reflecting XXX refunded to the Borrower and Refund letter to the Borrower. The CD requires XXX for closing. $XXX-$XXX =$XXX reserves. LM Updated.; Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX.; Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. The borrower has XXX in verified assets, which is not sufficient to meet reserve requirements after cash to close is deducted.   03/30/2026   Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time — Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99%   D   A   C   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
2       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   01/26/2026   Resolved   FCRE3843   Credit   Guideline Seasoning not Met   The required number of months reserves are to be seasoned does not meet Guideline requirement. The borrower has XXX in verified assets. The CD requires XXX for closing. $XXX-$XXX=$XXX reserves. No reserves required per AUS, however lender guidelines requires XXX months reserves ($XXX). Additionally XXX XXX account with XXX balance was excluded from DTI-borrower does not have sufficient funds to satisfy the balance + meet reserve requirement.   Document Uploaded. The CD requires XXX for closing. $XXX-$XXX =$XXX reserves.   03/27/2026   The required number of months reserves are to be seasoned does meet Guideline requirement.; Client provided updated Closing Disclosure reflecting XXX Cash to Close, XXX Statement reflecting XXX refunded to the Borrower and Refund letter to the Borrower. The CD requires XXX for closing. $XXX-$XXX =$XXX reserves. LM Updated.; The required number of months reserves are to be seasoned does not meet Guideline requirement. The borrower has XXX in verified assets. The CD requires XXX for closing. $XXX-$XXX=$XXX reserves. No reserves required per AUS, however lender guidelines requires XXX months reserves ($XXX). Additionally XXX XXX account with XXX balance was excluded from DTI-borrower does not have sufficient funds to satisfy the balance + meet reserve requirement.   03/30/2026   Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time — Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99%   D   A   D   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
2       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   01/26/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   01/27/2026   Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time — Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99%   D   A   A   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
2       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   01/26/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan.           Informational   01/27/2026   Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time — Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum — Calculated LTV of 75% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 75% is less than Guideline CLTV of 89.99%   D   A   A   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
4       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/03/2026   Resolved   FCRE3978   Credit   Missing Letter of Explanation (Credit)   Provide evidence that no new open tradelines resulted from credit inquiries on XX/XX/XXXX from XXX/XXX   Document Uploaded.   03/18/2026   LOE provided for tradelines.   03/19/2026   Original CLTV is Below the Guideline Maximum — Calculated CLTV of 79.57% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum — Calculated LTV of 79.57% is less than Guideline LTV of 89.99%   D   A   D   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A

 


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
4       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/03/2026   Resolved   FCRE1347   Credit   Borrower 2 3rd Party VOE Prior to Close Missing   Borrower 2 3rd Party VOE Prior to Close Missing Provide 3rd Party VOE performed within XXX days of Note date   Document Uploaded. Note dated XXX/XXX. VOE in file dated XX/XX/XXXX   03/10/2026   Borrower 2 3rd Party VOE Prior to Close Was Provided or Not Applicable (Number of Borrowers equals XXX); Client provided VVOE for B2 dated XXX/XXX/XXX. LM Updated.   03/11/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.57% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 79.57% is less than Guideline LTV of 89.99%   D   A   D   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
4       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/03/2026   Resolved   FCRE7497   Credit   Missing verification of taxes, insurance, and/or HOA fees for non-subject property   Missing HOA obligation. Provide HOA Statement for XXX XXX to verify monthly obligation does not exceed XXX   Document Uploaded. HOA dues are XXX Statement shows On XXX and the Property report also provided shows that XXX is linked to the property address   03/10/2026   Client provided Bank Statement reflecting XXX per month paid to XXX and Property report reflecting XXX XXX is XXXd with XXX Condo. LM Updated.   03/11/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.57% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 79.57% is less than Guideline LTV of 89.99%   D   A   D   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
4       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/03/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/04/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.57% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 79.57% is less than Guideline LTV of 89.99%   D   A   A   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
4       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/04/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/04/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.57% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 79.57% is less than Guideline LTV of 89.99%   D   A   A   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
5       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/03/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/04/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.34% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.34% is less than Guideline LTV of 89.99%   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
5       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/03/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/04/2026   Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time — Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 73.34% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum — Calculated LTV of 73.34% is less than Guideline LTV of 89.99%   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
5       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/03/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/04/2026   Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time — Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum — Calculated CLTV of 73.34% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum — Calculated LTV of 73.34% is less than Guideline LTV of 89.99%   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
37       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/03/2026   Cured   finding-3634   Compliance   Charges That Cannot Increase Test   This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Credit Report Fee XXX and XXX to $XXX for the Verification Fee XXX on CD XX/XX/XXXX without a COC.   Document Uploaded.   03/20/2026   Cure package provided, exception downgraded to a 2/B; Cure package provided, exception downgraded to a 2/B   03/23/2026   Borrower has stable job time — Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   B   C   B   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
37       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/03/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/04/2026   Borrower has stable job time — Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   B   A   A   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
37       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/04/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/04/2026   Borrower has stable job time — Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   B   A   A   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
7       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/03/2026   Resolved   FCRE3978   Credit   Missing Letter of Explanation (Credit)   Provide evidence that no new open tradelines resulted from credit inquiries on XX/XX/XXXX from XXX.   Document Uploaded.   03/18/2026   LOE provided, no new Debt.   03/19/2026   Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   A   D   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
7       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/03/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/04/2026   Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   A   A   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
7       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/04/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/04/2026   Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   A   A   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
8       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/06/2026   Resolved   finding-3635   Compliance   Charges That In Total Cannot Increase More Than XXX% Test   This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). TILA 130b Cure Required. Refund in the amount of XXX cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation in the amount of XXX is due to increase from XXX to XXX for Title Endorsement Fee & the increase from XXX to XXX for the Title Survey Fee.   Document Uploaded.   03/18/2026   Lender confirmed survey was optional; exception resolved; Lender confirmed survey was optional; exception resolved   03/19/2026   Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   A   C   A   A   A   A   A   C   A   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
8       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/09/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/09/2026   Qualifying DTI below max allowed. — Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum — Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   A   A   A   A   A   A   A   C   A   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
8       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/09/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/09/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   A   A   A   A   A   A   A   C   A   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
14       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/12/2026   Acknowledged   FCOM3849   Compliance   Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1))   The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)).           Acknowledged, accepting 2/B grading.   04/08/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   C   B   B   B   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
14       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/12/2026   Cured   finding-3634   Compliance   Charges That Cannot Increase Test   This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance finding in the amount of XXX is due to increase in Appraisal Fee that increased on the CD issued XX/XX/XXXX without a valid reason.   Document Uploaded.   03/24/2026   Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B   03/25/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   C   B   C   B   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
14       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/10/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/12/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   C   B   A   A   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
14       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/10/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/12/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   C   B   A   A   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
39       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/10/2026   Rescinded   FCRE5116   Credit   Missing VOM or VOR   Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Verification of Rent (VOR) missing on file per lender guidelines on XXX   DU does not require a VOR   03/19/2026   Not required on primary residence. ; Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing; Client States: DU does not require a VOR. Verified. GL do not reflect VOR. LM Updated.   05/07/2026       A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
39       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/10/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/14/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
39       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/12/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/14/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
58       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/10/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/14/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
58       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/10/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/14/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
58       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/12/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/14/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
38       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/13/2026   Acknowledged   FCOM3849   Compliance   Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1))   The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date XX/XX/XXXX is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.           Acknowledged, accepting 2/B grading.   04/08/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.57% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.57% is less than Guideline CLTV of 89.99%   D   B   B   B   D   A   A   A   B   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
38       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/13/2026   Resolved   FCRE1495   Credit   ATR: Current Employment Not Verified   ATR: Current Employment Not Verified Missing XXX XXX XXX LLC   Document Uploaded. Full XXX Tax Returns not needed when ownership is under XXX% K1s provided   03/18/2026   ATR: Current Employment Was Verified; Client provided XXX years K-1s for XXX XXX reflecting XXX% Ownership. LM Updated.   03/20/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.57% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.57% is less than Guideline CLTV of 89.99%   D   B   C   A   D   A   A   A   B   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
38       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/13/2026   Resolved   FCOM1221   Credit   The Deed of Trust is Incomplete   The Deed of Trust is Incomplete Missing XXX XXX.   Document Uploaded. XXX XXX   03/18/2026   The Deed of Trust is Present and Complete; Client provided XXX XXX. LM Updated.   03/20/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.57% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.57% is less than Guideline CLTV of 89.99%   D   B   D   A   D   A   A   A   B   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
38       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/13/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/14/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 63.57% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 63.57% is less than Guideline CLTV of 89.99%   D   B   A   A   D   A   A   A   B   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
3       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/13/2026   Resolved   FCRE1186   Credit   Audited DTI Exceeds AUS DTI   Audited DTI of XXX% exceeds AUS DTI of XXX% File does not contain lease for investment property. Tax return Sch E calculates to XXX per month adjusted monthly rental. PITIA for subject property confirmed is $XXX. 1003 reflects monthly rental is $XXX.   Document Uploaded.   03/24/2026   Audited DTI of XXX% is less than or equal to AUS DTI of XXX%; Client provided Updated DU dated XX/XX/XXXX reflecting a DTI of XXX%. LM Updated.   03/26/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   C   A   C   A   C   A   A   A   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
3       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/13/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/16/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   C   A   A   A   C   A   A   A   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
3       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/13/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/16/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   C   A   A   A   C   A   A   A   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
54       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/13/2026   Rescinded   FCRE5116   Credit   Missing VOM or VOR   Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. VOR/VOM U/W Condition Note: Per XXX guidelines, a Verification of Rent (VOR) is required for borrowers with a current rental housing history. File reflects VOR/VOM documentation status as Missing. Please provide a completed XXX-month VOR from the borrower’s current landlord or XXX months cancelled checks/bank Statements evidencing timely rental payment history to satisfy this requirement prior to loan approval., {XXX}.   Document Uploaded. A corrected 1003 had been provided in the file. XXX lives at XXX XXX, which is a property he owns as a Primary Residence. He is the non-occupant, but owns a primary ; Invalid - Per XXX product profile, verification of rent is only required on Second Home / Investment Properties / Non-Occupant Borrowers   03/25/2026   Not required on primary residence. ; Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing; Client States: Document Uploaded. A corrected 1003 had been provided in the file. XXX lives at XXX XXX, which is a property he owns as a Primary Residence. He is the non-occupant, but owns a primary. LM Updated.; Client States: Invalid - Per XXX product profile, verification of rent is only required on Second Home / Investment Properties / Non-Occupant Borrowers. The subject transaction is Non-Occupant Borrowers. Guidelines States: Current Housing Payment - Borrowers must document their current housing expense with one of the following when they do not currently own a primary residence: six months canceled checks or equivalent payment source; six months bank Statements reflecting a clear and consistent payment to an organization or individual - direct verification of rent from a management company or individual landlord; or o a copy of a current, fully executed lease agreement and two months canceled checks (or equivalent payment source) supporting the rental payment amount.   05/07/2026       B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
54       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/13/2026   Acknowledged   FCOM5135   Compliance   Missing Required Affiliated Business Disclosure   Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.           Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grade.   04/08/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   B   B   B   B   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
54       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/16/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/16/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
9       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/23/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 75.88% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75.88% is less than Guideline CLTV of 89.99% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
9       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/23/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 75.88% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75.88% is less than Guideline CLTV of 89.99% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
9       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/23/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 75.88% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75.88% is less than Guideline CLTV of 89.99% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
47       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FCOM3849   Compliance   Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1))   The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date XX/XX/XXXX is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.   Copy of Email Delivery   06/19/2026   Evidence of appraisal delivery provided.; Document Uploaded. ; Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grading   06/25/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.86% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.86% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.   D   A   B   A   D   A   A   A   B   A   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A

 


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
47       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   FCRE9995   Credit   Audited Reserves are less than Guideline Required Reserves (Dollar Amount)   Audited Reserves of $ are less than Guideline Required Reserves of $XXX.   Document Uploaded.   05/08/2026   Audited Reserves of $ are equal to or greater than AUS Required Reserves of XXX   05/11/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.86% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.86% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.   D   A   C   A   D   A   A   A   B   A   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
47       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   FCRE1198   Credit   Audited Reserves are less than Guideline Required Reserves (Number of Months)   Audited Reserves of month(s) are less than Guideline Required Reserves of XXX month(s)   Document Uploaded.   05/08/2026   Audited Reserves of month(s) are greater than or equal to Guideline Required Reserves of XXX month(s)   05/11/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.86% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.86% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.   D   A   C   A   D   A   A   A   B   A   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
47       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FCRE7497   Credit   Missing verification of taxes, insurance, and/or HOA fees for non-subject property   XXX XXX - Hazard document is missing   Document Uploaded. The Borrower’s REO property located at XXX XXXive, XXX, TX XXX was qualified with net rental loss = -$XXX. This resulted in total expense payments = XXX and DTI = XXX%. With the Borrower’s qualifying income ($XXX), the total expense payments can increase from XXX to XXX (difference of $XXX) for the DTI to qualify at XXX% According to the attached online Homeowner’s insurance calculator, the estimated annual premium for the property located at XXX XXXive, XXX, TX XXX is XXX ($XXX per month). Add this monthly payment XXX to the total expense payments XXX and the DTI increases to XXX%. Therefore, the difference XXX in the total expense payments, when the DTI = XXX% XXX and when the DTI = XXX% ($XXX), is sufficient to cover the estimated HOI premium (XXX). Would you consider this loan for exception with the following compensating factors: Compensating Factors: Credit Score: XXX Reserves = XXX (XXX months) LTV = XXX% DTI = XXX%   05/07/2026   Client provided estimate for REO HOI for XXX XXX. and exception approval with compensating factors for higher DTI than AUS; however Audit calculated subject’s property tax based on tax certification on pg XXX per month, which matches the tax amount on the XXX resulting in a lower DTI XXX% than AUS XXX%. No exception approval required.   05/08/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.86% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.86% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.   D   A   D   A   D   A   A   A   B   A   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
47       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/23/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 66.86% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.86% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.   D   A   A   A   D   A   A   A   B   A   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
53       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/20/2026   Acknowledged   FCOM3849   Compliance   Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1))   The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: The document provided indicates that the borrower either received, or chose to waive the right to receive the appraisal at least XXX days prior to consummation, but does not confirm the borrower received the appraisal at or prior to consummation. Provide documentation to show the date the borrower received the appraisal to confirm it was received by the borrower timely.           Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grading   04/08/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   B   B   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
53       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/23/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
53       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/23/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
56       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/20/2026   Acknowledged   FCOM5135   Compliance   Missing Required Affiliated Business Disclosure   Required Affiliated Business Disclosure Missing Please provide Affiliated Business Disclosure.           Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grading   04/08/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 74.41% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.41% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   B   B   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
56       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/23/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 74.41% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.41% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
56       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/23/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 74.41% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.41% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
57       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/20/2026   Acknowledged   FCOM5135   Compliance   Missing Required Affiliated Business Disclosure   Required Affiliated Business Disclosure Missing Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.           Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grading   04/08/2026   Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 77.38% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 77.38% is less than Guideline CLTV of 89.99%   B   B   B   B   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
57       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/23/2026   Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 77.38% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 77.38% is less than Guideline CLTV of 89.99%   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
57       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/23/2026   Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 77.38% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 77.38% is less than Guideline CLTV of 89.99%   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
1       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/20/2026   Resolved   finding-3652   Compliance   Lender Credits That Cannot Decrease Test   This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure required. Refund in the amount of XXX cure requires a valid COC or a cure package with a post closing CD, letter of explanation, proof of refund, and proof of delivery. The file is missing a valid COC to support the reduction of the Lender Credits: -A Lender credit of XXX reflected on the revised LE, dated XXX/XXX/XXX, was reduced to XXX on the final CD dated XXX/XXX/XXX. The file does not contain a valid COC for the reduction of this credit.   Document Uploaded.   03/27/2026   Valid COC provided; exception resolved; Valid COC provided; exception resolved   03/30/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.76% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 67.76% is less than Guideline LTV of 80%   D   A   C   A   D   A   A   A   C   A   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
1       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/20/2026   Resolved   finding-3634   Compliance   Charges That Cannot Increase Test   This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure required. Refund in the amount of XXX cure requires a valid COC or a cure package with a post closing CD, letter of explanation, proof of refund, and proof of delivery. The file is missing a valid COC to support the following fee increase: -The Appraisal Fee increased from XXX to XXX on the revised LE dated XXX/XXX/XXX. -The Credit report fee increased from XXX to XXX on the initial CD dated XXX/XXX/XXX. The file does not contain a valid COC for the increase of these fee. The lender provided a tolerance cure of XXX to resolve the increase of these fee; however, this amount is insufficient and an additional cure of XXX is required, along with the other documents listed above.   Document Uploaded.   03/27/2026   Valid COC provided; exception resolved; Valid COC provided; exception resolved; This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).   03/30/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.76% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 67.76% is less than Guideline LTV of 80%   D   A   C   A   D   A   A   A   C   A   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
1       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/20/2026   Resolved   FCRE1201   Credit   Third Party Fraud Report not Provided   Missing Third Party Fraud Report The lender’s guidelines require a Fraud Report. The Fraud Report is missing from the loan file.   Document Uploaded.   03/27/2026   Third Party Fraud Report is provided; Client provided Third Party Fraud Report. LM Updated.   03/30/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.76% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 67.76% is less than Guideline LTV of 80%   D   A   D   A   D   A   A   A   C   A   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
1       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/20/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/24/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 67.76% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 67.76% is less than Guideline LTV of 80%   D   A   A   A   D   A   A   A   C   A   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
18       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/22/2026   Acknowledged   FCOM3849   Compliance   Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1))   The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.           Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grading   04/08/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   B   B   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
18       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/20/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/24/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
18       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/24/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/24/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
40       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/20/2026   Acknowledged   FCOM3849   Compliance   Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1))   The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.           Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grading   04/08/2026   Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.77% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60.77% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   B   B   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
40       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/24/2026   Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.77% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60.77% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
40       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/19/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/24/2026   Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.77% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 60.77% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
10       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/25/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 73.4% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.4% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
10       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/25/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/25/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 73.4% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.4% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
10       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/25/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/25/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 73.4% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.4% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
11       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/25/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
11       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/25/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
11       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/25/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
12       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Acknowledged   FCRE1148   Credit   Title Coverage is Less than Subject Lien   Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX Title coverage of XXX is insufficient for the loan amount of XXX           Acknowledged, accepting 2/B grading; Acknowledged, accepting 2/B grading   04/08/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 78.58% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 78.58% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.   B   B   B   B   B   B   A   A   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
12       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/25/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 78.58% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 78.58% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.   B   B   A   A   B   B   A   A   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A
12       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/25/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 78.58% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 78.58% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.   B   B   A   A   B   B   A   A   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A
13       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/25/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 89.99%   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
13       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/25/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 89.99%   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
13       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/25/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 89.99%   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
15       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/25/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 68% is less than Guideline LTV of 89.99% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68% is less than Guideline CLTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
15       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/25/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 68% is less than Guideline LTV of 89.99% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68% is less than Guideline CLTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
15       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/25/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 68% is less than Guideline LTV of 89.99% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 68% is less than Guideline CLTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
16       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/25/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 47.1% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.1% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
16       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/25/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 47.1% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.1% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
16       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/24/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/25/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 47.1% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 47.1% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
17       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/24/2026   Cured   finding-3635   Compliance   Charges That In Total Cannot Increase More Than XXX% Test   This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). TILA 130b Cure Required. Refund in the amount of XXX cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The XXX% tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Recording Fee increasing on the XX/XX/XXXX CD without a COC.   The refund was issued during an internal review; therefore, it was not sent via XXX. That is why we provided you with the front & back of the cleared check. The additional refund of XXX was provided via principal reduction. Pages XX/XX/XXXX is the endorsed/cleared check. Page XXX confirms the principal reduction and previous refund ; Document Uploaded.   05/19/2026   Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B; Please provide proof of delivery for both XX/XX/XXXX refund and XX/XX/XXXX refund to clear exception.   05/20/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 78.44% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 78.44% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   B   C   B   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
17       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/25/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 78.44% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 78.44% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   B   A   A   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
17       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/25/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 78.44% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 78.44% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   B   A   A   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
20       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   03/25/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
20       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/23/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   03/25/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
20       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   03/24/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   03/25/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
50       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/21/2026   Resolved   FCOM3849   Compliance   Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1))   The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX business days prior to the consummation date is required but missing from the file. Waiver of the XXX business day timing requirement in file.   Copy of email Delivered   06/19/2026   Evidence of appraisal delivery provided.; Document Uploaded. ; Acknowledged, accepting 2/B grading   06/25/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 52.5% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.5% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   D   B   B   A   D   B   A   A   B   A   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A
50       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/21/2026   Resolved   FCOM1232   Credit   The Final 1003 is Missing   The Final 1003 is Missing. The signed Final 1003 was not provided in the file for review   Document Uploaded. Executed Final 1003; Document Uploaded. Final 1003   05/19/2026   The Final 1003 is Present; Final 1003 dated XX/XX/XXXX provided; 1003 provided are not signed. ; The Final 1003 is Missing.   05/19/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 52.5% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.5% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   D   B   D   A   D   B   A   A   B   A   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A
50       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/21/2026   Acknowledged   FCRE1148   Credit   Title Coverage is Less than Subject Lien   Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX Title coverage amount is short by XXX provide sufficient title coverage for total loan amount of XXX           Acknowledged, accepting 2/B grading   04/24/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 52.5% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.5% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   D   B   B   B   D   B   A   A   B   A   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
50       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/22/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   04/24/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 52.5% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 52.5% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   D   B   A   A   D   B   A   A   B   A   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A
6       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/24/2026   Cured   finding-3634   Compliance   Charges That Cannot Increase Test   This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required: Refund in the amount of $XXX; Cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for Transfer Taxes fee on the CD issued XX/XX/XXXX without a valid reason.   Document Uploaded.   05/14/2026   Cure package provided to borrower within XXX days of discovery. Exception downgraded to 2/B. ; Cure package provided to borrower within XXX days of discovery. Exception downgraded to 2/B.   05/15/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   B   C   B   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
6       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/23/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.                   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   B   A   A   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
6       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/26/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.               04/26/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   B   A   A   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
6       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/23/2026   Rescinded   FCRE1440   Credit   Housing History Does Not Meet Guideline Requirements   Housing History Does Not Meet Guideline Requirements g/l’s required current housing history if B didn’t own current primary residence. No docs in file.           ; Housing History Meets Guideline Requirements   04/26/2026       C   B   A   A   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
6       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/23/2026   Rescinded   FCRE5116   Credit   Missing VOM or VOR   Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. g/l’s required current housing history if B didn’t own current primary residence. No docs in file.           ; Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing   04/26/2026       C   B   A   A   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
64       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/23/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   04/24/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 78.7% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 78.7% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
64       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/23/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   04/24/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 78.7% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 78.7% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
64       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/23/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   04/24/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 78.7% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 78.7% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
41       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/24/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   04/24/2026   Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 76% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 76% is less than Guideline CLTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
41       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/24/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   04/24/2026   Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 76% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 76% is less than Guideline CLTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
41       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/24/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   04/24/2026   Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 76% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 76% is less than Guideline CLTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
48       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/24/2026   Resolved   FCOM3849   Compliance   Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1))   The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX business days prior to consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.   Copy of email delivered   06/19/2026   Evidence of appraisal delivery provided.; Document Uploaded. ; Acknowledged, accepting 2/B grading   06/25/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 66.77% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.77% is less than Guideline CLTV of 89.99%   C   A   B   A   C   A   A   A   B   A   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
48       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/23/2026   Resolved   FCRE9995   Credit   Audited Reserves are less than Guideline Required Reserves (Dollar Amount)   Audited Reserves of XXX are less than Guideline Required Reserves of $XXX. Audited Reserves of XXX are less than Guideline Required Reserves of $XXX.   Document Uploaded. ; Document Uploaded. Per the attached Asset Summary, verified assets are XXX minus cash from borrower XXX = XXX for reserves.   05/11/2026   Lender uploaded asset documentation for XXX. Finding cleared. ; Audited Reserves of XXX are equal to or greater than AUS Required Reserves of $XXX.; Please provide the asset Statement for the XXX account with a XXX balance. Exception remains.; Audited Reserves of XXX are less than Guideline Required Reserves of $XXX.   05/12/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 66.77% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.77% is less than Guideline CLTV of 89.99%   C   A   C   A   C   A   A   A   B   A   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
48       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/23/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational.   04/27/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 66.77% is less than Guideline LTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 66.77% is less than Guideline CLTV of 89.99%   C   A   A   A   C   A   A   A   B   A   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
29       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/27/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   04/29/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
34       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/27/2026   Resolved   finding-3634   Compliance   Charges That Cannot Increase Test   TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Appraisal Fee. This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).   Document Uploaded. ; Document Uploaded.   05/13/2026   Valid COC provided - exception resolved; Valid COC provided - exception resolved; COC provided is dated XXX/XXX, however the CDA was ordered and paid for on XX/XX/XXXX therefore it was not disclosed timely;   05/14/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%   C   A   C   A   A   A   A   A   C   A   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
34       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/27/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines.           Informational   04/29/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%   C   A   A   A   A   A   A   A   C   A   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
34       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/27/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan.           Informational   04/29/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%   C   A   A   A   A   A   A   A   C   A   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
77       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/27/2026   Resolved   FCRE1481   Credit   Asset 3 Does Not Meet Guideline Requirements   Asset Record XXX Does Not Meet G/L Requirements. Lender used assets from XXX #XXX. DU requires this account to be documented with XXX months bank Statements, but only XXX month was provided. Either the XX/XX/XXXX or the XX/XX/XXXX Statement are required.   Document Uploaded. ; Document Uploaded. ; But if the AUS does not require two months bank Statements, why is audit requiring them? ; Per the AUS XXX Product Profile, rent must be verified only if the subject is a Second Home, Investment Property or there is a Non-Occupant Borrower. In this case the subject is a primary residence.   05/20/2026   Documentation provided is sufficient. Exception resolved.; Asset Record XXX Meets G/L Requirements Or Not Applicable; Lender provided a revised AUS removing the XXX Account ending XXX with a balance of XXX and adding a Retirement Account XXX-XXX with a balance of $XXX. Please provide XXX months Statements per AUS. Condition retained. ; XXX #XXX States: If depository assets are needed to support the amount of funds required and reserves, verify these assets with a verification of deposit or bank Statements covering a two-month period. Please provide a copy of the January or MXXX XXX bank Statement.; Audit is asking for a 2nd month bank Statement for asset account with XXX #XXX. Please provide a copy of the January or MXXX XXX bank Statement.   05/21/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 79.99% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.99% is less than Guideline CLTV of 89.99% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   C   B   C   A   C   A   A   A   B   B   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
77       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/27/2026   Rescinded   FCRE5116   Credit   Missing VOM or VOR   Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Borrower is renting their current primary residence. XXX guidelines dated XX/XX/XXXX require the current housing payment to be documented with XXX months canceled checks or equivalent, XXX months bank Statements, a 3rd party VOR with XXX months canceled checks, or a copy of a lease agreement with XXX months canceled checks or equivalent.           Rescinded, not required on PR transactions   05/07/2026       C   B   A   A   C   A   A   A   B   B   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
77       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/24/2026   Acknowledged   FCOM3849   Compliance   Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1))   The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Please provide evidence Borrower received Appraisal within required XXX days from consummation.           Acknowledged, accepting 2/B grading   04/29/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 79.99% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.99% is less than Guideline CLTV of 89.99% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   C   B   B   B   C   A   A   A   B   B   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
77       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/27/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   04/29/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 79.99% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.99% is less than Guideline CLTV of 89.99% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   C   B   A   A   C   A   A   A   B   B   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   C   C   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
19       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/29/2026   Resolved   finding-3634   Compliance   Charges That Cannot Increase Test   TILA 130b Cure Required: Refund in the amount of $XXX; Cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Appraisal fee. The COC does not provide a reason for the fee increase. In addition, per the invoice dated XX/XX/XXXX the borrower made full payment by XXX/XXX/XXX. This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).   XX/XX/XXXX LE disclosed a XXX appraisal fee. The XX/XX/XXXX COC reflects the increase due to a second appraisal required and disclosed on the XX/XX/XXXX revised LE. On XX/XX/XXXX it increased for a Rush fee on the second appraisal however the final charge was decreased to XXX The XX/XX/XXXX COC was uploaded on XX/XX/XXXX - page XXX; Document Uploaded.   05/13/2026   Valid COC provided - exception resolved; Valid COC provided - exception resolved; The appraisal was initially increased to XXX on LE XX/XX/XXXX and COC in file dated XX/XX/XXXX only States appraisal fee updated and does not provide a reason. The appraisal was then increased again to XXX on CD XX/XX/XXXX with a COC dated XX/XX/XXXX that States appraisal fee increased due to rush fee, however the appraisal was reviewed XXX/XXX/XXX, the appraisal fee paid XX/XX/XXXX and the final charge was XXX so not clear on the RUSH fee XXX/XXX/XXX. Providing a reason for the initial increase on LE XX/XX/XXXX may clear the exception or cure package required.   05/13/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%   D   A   C   A   D   A   A   A   C   A   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
19       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/29/2026   Resolved   FCRE7496   Credit   Missing Verification of Subject Property Taxes, Insurance, HOA or Other Payments   XXX Subject property was SFR - lender used HOA amount but in appraisal also its not collected, checked in XXX also but there is no HOA, but in CD also its reflecting hence kindly provide HOA dues document for this property XXX I have entered manually as per lender value   Document Uploaded. HOA was entered erroneously. Revised documents attached.   05/12/2026   Documentation is sufficient. Updated XXX 1003 and AUS provided. Exception resolved.   05/13/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%   D   A   D   A   D   A   A   A   C   A   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A

 


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
19       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/29/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   04/30/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%   D   A   A   A   D   A   A   A   C   A   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   D   D   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
67       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/29/2026   Acknowledged   FCOM3849   Compliance   Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1))   The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.           Acknowledged, accepting 2/B grade   04/30/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   B   B   B   B   B   B   A   A   B   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B
67       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/30/2026   Acknowledged   FCRE1182   Credit   Approval/Underwriting Summary Not Provided   Missing Approval/Underwriting Summary. Missing Approval/Underwriting Summary, XXX           Acknowledged, accepting 2/B grade   04/30/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   B   B   B   B   B   B   A   A   B   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B
67       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   04/30/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   04/30/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   B   B   A   A   B   B   A   A   B   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B   B   B   A   B
23       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/04/2026   Cured   finding-3634   Compliance   Charges That Cannot Increase Test   TILA 130 Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of $XXX:XXX is due to increase from XXX to XXX for the Credit report fee on the CD dated XXX/XXX/XXX. The COC in the file does not State why the fee increased. This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i).   Document Uploaded.   05/22/2026   Cure package provided to the borrower; exception downgraded to a 2/B   05/26/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 61.46% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 61.46% is less than Guideline CLTV of 89.99%   C   B   C   B   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
23       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/01/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/04/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 61.46% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 61.46% is less than Guideline CLTV of 89.99%   C   B   A   A   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
23       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/01/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/04/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. | Original LTV is Below the Guideline Maximum - Calculated LTV of 61.46% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 61.46% is less than Guideline CLTV of 89.99%   C   B   A   A   A   A   A   A   C   B   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
26       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/04/2026   Resolved   finding-3532   Compliance   Initial Closing Disclosure Delivery Date Test   This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:“XXX First Class Mail” or “Electronic Delivery” or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or”In Person” and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. Without evidence of receipt, it is assumed that the disclosure dated XXX/XXX/XXX was mailed, and therefore not received by the consumer prior to the consummation date, XXX/XXX/XXX. The violation can be cured by providing proof of delivery/receipt of Initial CD at least XXX days prior to closing.   Document Uploaded.   05/13/2026   Delivery date provided; Exception resolved; Delivery date provided; Exception resolved   05/14/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   A   C   A   A   A   A   A   C   A   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
26       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/01/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/04/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   A   A   A   A   A   A   A   C   A   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
26       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/01/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/04/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   A   A   A   A   A   A   A   C   A   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
28       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/01/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/04/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
28       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/01/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/04/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
28       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/04/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/04/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
30       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/01/2026   Resolved   FCRE3978   Credit   Missing Letter of Explanation (Credit)   B2 credit report reflects XXX inquires-LOX was not found in the loan file.   Document Uploaded. ; Regarding XX/XX/XXXX XXX: There is a new account on credit report reflected as XXX/XXX #XXX opened XX/XX/XXXX Regarding XX/XX/XXXX: I’m still working on this one   05/18/2026   Per client response dated XXX-XXX-XXX, “XXX Direct Lending (DL) requested validation from XXX for the above-mentioned borrower on XXX-XXX-XXX, XXX-XXX-XXX. No results were returned indicating that this individual opened any new, undisclosed accounts between their application and loan closing dates.”; Pending response from lender.   05/19/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 74.92% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.92% is less than Guideline CLTV of 89.99%   D   B   D   A   D   A   A   A   B   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
30       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/01/2026   Resolved   FCRE7497   Credit   Missing verification of taxes, insurance, and/or HOA fees for non-subject property   Borrower 2 owns a second home. Per master policy in file this property is located in an HOA, however the loan file does not contain any documentation to evidence the monthly payment. Originator appeared to have included a payment on the loan application since the PITIA is higher than what was verified at audit without an HOA payment.   Document Uploaded.   05/11/2026   Lender provided evidence of HOA for XXX XXX. Condition cleared.   05/12/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 74.92% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.92% is less than Guideline CLTV of 89.99%   D   B   D   A   D   A   A   A   B   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
30       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/01/2026   Acknowledged   FCOM3849   Compliance   Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1))   The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file. If borrower waived the XXX day timing requirement, provide an executed appraisal waiver and evidence the appraisal was received the day of close.           Acknowledged, accepting 2/B grading   05/04/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 74.92% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.92% is less than Guideline CLTV of 89.99%   D   B   B   B   D   A   A   A   B   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
30       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/01/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan.           Informational   05/04/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 74.92% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 74.92% is less than Guideline CLTV of 89.99%   D   B   A   A   D   A   A   A   B   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
32       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/01/2026   Resolved   FVAL4217   Property   Missing Appraisal photos       Document Uploaded.   05/11/2026   Lender provided the complete appraisal, including subject photos. Condition cleared.   05/12/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   D   A   D   A   A   A   D   A   A   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
32       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/04/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/06/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   D   A   A   A   A   A   D   A   A   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
32       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/06/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational.   05/06/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   D   A   A   A   A   A   D   A   A   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
32       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/01/2026   Rescinded   FCRE5116   Credit   Missing VOM or VOR   Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing Verification of Rent (VOR)           Not required for primary residence.; Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing   05/06/2026       D   A   A   A   A   A   D   A   A   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
27       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/15/2026   Rescinded   finding-651   Compliance   TILA Finance Charge Test   This loan failed the TILA finance charge test.(12 CFR §1026.38(o)(2) he finance charge is $XXX. The disclosed finance charge of XXX is not considered accurate because it is underStated by more than XXX This loan failed the TILA finance charge test.(12 CFR §1026.38(o)(2) he finance charge is $XXX. The disclosed finance charge of XXX is not considered accurate because it is underStated by more than XXX Fired in error - exception rescinded Fired in error - exception rescinded               05/15/2026       D   B   C   A   D   A   A   A   D   B   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
27       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/05/2026   Resolved   FCOM1544   Compliance   TRID: Missing Closing Disclosure   TRID: Missing Final Closing Disclosure Documentation required to clear exception: The Final CD dated XX/XX/XXXX is missing from the loan file per XXX in file. All testing was completed using CD dated XXX/XXX/XXX. Provide final CD for additional testing.   Document Uploaded. Final CD   05/14/2026   TRID: Final Closing Disclosure Provided   05/15/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   D   A   D   A   A   A   D   B   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
27       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/04/2026   Resolved   FCRE0386   Credit   Borrower 1 Photo Identification not provided   Borrower 1 Photo Identification not provided.   Document Uploaded.   05/11/2026   Photo Identification provided.   05/12/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   D   A   D   A   A   A   D   B   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
27       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/04/2026   Resolved   FCRE0387   Credit   Borrower 2 Photo Identification not provided   Borrower 2 Photo Identification not provided.   Document Uploaded.   05/11/2026   Photo Identification provided.   05/12/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   D   A   D   A   A   A   D   B   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B

 


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
27       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/04/2026   Resolved   FCOM1206   Credit   The Note is Missing   The Note is Missing. The Note was not provided at the time of review   Document Uploaded.   05/11/2026   Documentation provided is insufficient. Exception resolved.; The Note is Present.   05/12/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   D   A   D   A   A   A   D   B   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
27       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/04/2026   Resolved   FCOM1220   Credit   The Deed of Trust is Missing   The Deed of Trust is Missing DOT was not provided at the time of review   Document Uploaded.   05/11/2026   Documentation provided is insufficient. Exception resolved.; The Deed of Trust is Present   05/12/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   D   A   D   A   A   A   D   B   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
27       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/04/2026   Resolved   FCOM1232   Credit   The Final 1003 is Missing   The Final 1003 is Missing. The Final 1003 was not provided at the time of review   Document Uploaded.   05/11/2026   Documentation provided is sufficient. Exception resolved.; The Final 1003 is Present   05/12/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   D   A   D   A   A   A   D   B   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
27       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/06/2026   Acknowledged   FCOM1621   Compliance   Missing Initial Escrow Disclosure   Initial Escrow Account Disclosure is Missing Documentation required to clear exception: Please provide the Initial Escrow Account Disclosure.           Acknowledged, accepting 2/B grading   05/07/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   B   B   D   A   A   A   D   B   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
27       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/04/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/06/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   A   A   D   A   A   A   D   B   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   D   D   A   D   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
22       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   FCRE2371   Credit   Missing final HUD-XXX from sale of non-subject property   The loan application reflected property located at XXX XXX, XXX, XXX XXX was sold with proceeds of $XXX. The loan file contained a copy of the Seller’s Statement of Settlement with proceeds of $XXX; however, the Statement was not fully executed.   Document Uploaded. Final Seller Statement   05/19/2026   Approved and Accepted settlement Statement provided. Resolved.   05/20/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 54.05% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.05% is less than Guideline CLTV of 89.99%   D   A   D   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
22       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/11/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 54.05% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.05% is less than Guideline CLTV of 89.99%   D   A   A   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
22       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan.           Informational   05/11/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 54.05% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 54.05% is less than Guideline CLTV of 89.99%   D   A   A   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
25       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   finding-3652   Compliance   Lender Credits That Cannot Decrease Test   This loan failed the lender credits that cannot decrease test. (12 CFR §1026.19(e)(3)(i) he loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits XXX does not exceed or equal the comparable sum of specific and non-specific lender credits ($XXX). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The lender credit tolerance violation in the amount of XXX is due to decrease in Lender Credit from XXX to XXX on the final CD dated XX/XX/XXXX   Document Uploaded.   05/20/2026   Valid COC provided - exception resolved; Valid COC provided - exception resolved   05/21/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   C   A   C   A   A   A   A   A   C   A   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
25       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   finding-3634   Compliance   Charges That Cannot Increase Test   This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Mortgage Broker Fee on the initial CD dated XXX/XXX/XXX.   Document Uploaded.   05/20/2026   Valid COC provided - exception resolved; Valid COC provided - exception resolved   05/21/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   C   A   C   A   A   A   A   A   C   A   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   C   A   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
31       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines.           Informational   05/11/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
31       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan.           Informational   05/11/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
31       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/11/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
33       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   FPRO9990   Property   Third Party Valuation Product Not Provided within XXX% Tolerance   Third Party Valuation Product Not Provided or Not Provided Within Tolerance.   Document Uploaded.   05/21/2026   Third party valuation product provided within tolerance.; HVE Provided   05/22/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   A   C   A   A   A   C   A   A   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
33       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Rescinded   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           ; Informational   05/12/2026       C   A   A   A   A   A   C   A   A   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
33       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/11/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   A   A   A   A   A   C   A   A   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
33       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/11/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   C   A   A   A   A   A   C   A   A   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   C   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
36       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/12/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational.   05/12/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.68% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.68% is less than Guideline CLTV of 89.99% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
36       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/11/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.68% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.68% is less than Guideline CLTV of 89.99% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
36       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/08/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/11/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 73.68% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 73.68% is less than Guideline CLTV of 89.99% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
42       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/11/2026   Resolved   FCOM1208   Credit   The Note is Incomplete   The Note is Incomplete Missing page XXX of Note document. Provide executed Note for subject transaction   Document Uploaded. All pages of the Note   05/18/2026   Documentation is sufficient. Note provided. Exception resolved.; The Note is Present   05/19/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   D   A   D   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
42       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/11/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/13/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   D   A   A   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
42       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/11/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/13/2026   Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   D   A   A   A   D   A   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
45       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/11/2026   Resolved   FCRE1184   Credit   AUS Not Provided   Missing AUS.   Document Uploaded.   05/19/2026   Documentation is sufficient. AUS provided. Exception resolved.; AUS is not missing.   05/20/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   D   A   D   B   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A
45       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/11/2026   Resolved   FCRE1201   Credit   Third Party Fraud Report not Provided   Missing Third Party Fraud Report   Document Uploaded.   05/19/2026   Documentation is sufficient. Fraud report provided. Exception resolved.; Third Party Fraud Report is provided   05/20/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   D   A   D   B   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
45       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/11/2026   Acknowledged   FCRE1182   Credit   Approval/Underwriting Summary Not Provided   Missing Approval/Underwriting Summary.           Acknowledged, accepting 2/B grading.   05/13/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   B   B   D   B   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A
45       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/11/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/13/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   A   A   D   B   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A
45       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/11/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/13/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   A   A   D   B   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A
45       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/11/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/13/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   D   B   A   A   D   B   A   A   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   D   D   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A
43       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/12/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/13/2026   Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
43       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/13/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/13/2026   Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
43       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/13/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/13/2026   Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
46       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/12/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines.           Informational   05/13/2026   Borrower has stable job time - Borrower has XXX years on job. Validated   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
46       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/12/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/13/2026   Borrower has stable job time - Borrower has XXX years on job. Validated   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
46       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/13/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/13/2026   Borrower has stable job time - Borrower has XXX years on job. Validated   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A

 


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
21       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/14/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/15/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
21       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/14/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/15/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
21       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/14/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/15/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
44       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/14/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/15/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.19% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.19% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
44       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/14/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/15/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.19% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.19% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
44       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/14/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/15/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.19% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.19% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
49       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/14/2026   Resolved   FCOM3849   Compliance   Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1))   The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date is required, but missing from the file.   Copy of email delivered   06/19/2026   Evidence of appraisal delivery provided.; Document Uploaded. ; Acknowledged, accepting 2/B grading   06/25/2026   Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 22.5% is less than Guideline CLTV of 89% | Original LTV is Below the Guideline Maximum - Calculated LTV of 22.5% is less than Guideline LTV of 89%   D   A   B   A   D   A   A   A   B   A   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
49       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/15/2026   Resolved   FCRE1322   Credit   Borrower 1 Business Tax Returns Missing   Borrower 1 Business Tax Returns Missing Missing XXX Partnerships business Tax returns with K1’s for XXX XXX & XXX   Document Uploaded.   05/22/2026   Lender provided the signed 1120S and all schedules for XXX XXX. Condition cleared. ; Borrower 1 Business Tax Returns Provided   05/22/2026   Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 22.5% is less than Guideline CLTV of 89% | Original LTV is Below the Guideline Maximum - Calculated LTV of 22.5% is less than Guideline LTV of 89%   D   A   D   A   D   A   A   A   B   A   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
49       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/15/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/15/2026   Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 22.5% is less than Guideline CLTV of 89% | Original LTV is Below the Guideline Maximum - Calculated LTV of 22.5% is less than Guideline LTV of 89%   D   A   A   A   D   A   A   A   B   A   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   D   D   A   B   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
63       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/14/2026   Acknowledged   FCOM3849   Compliance   Evidence of Appraisal Delivery to Borrower not Provided or Late (12 CFR 1002.14(a)(1))   The file did not contain evidence confirming a copy of the appraisal was provided to the consumer at least XXX-business days prior to the consummation date. If the consumer waived rights, a copy still needs to be provided prior to or at consummation. The violation can be resolved by providing evidence that the consumer received the report in a timely manner. (12 CFR XXX(a)(XXX)). Documentation required to clear exception: Evidence confirming a copy of the appraisal was provided to the consumer at least XXX business days prior to the consummation date is required but missing from the file.           Acknowledged, accepting 2/B grading   05/16/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   B   B   B   B   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
63       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/14/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/15/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
63       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/15/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/15/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
69       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/15/2026   Acknowledged   FCOM5135   Compliance   Missing Required Affiliated Business Disclosure   Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.           Acknowledged, accepting 2/B grading   05/16/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   B   B   B   B   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
69       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/14/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/15/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
69       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/14/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/15/2026   Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 89.99% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
85       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/14/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/15/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
85       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/15/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/15/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
85       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/15/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/15/2026   Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 64% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
24       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/18/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/20/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
24       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/18/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/20/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
24       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/18/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/20/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 75% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 75% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
116       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/18/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/20/2026       A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
116       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/19/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/20/2026       A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
116       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/19/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/20/2026       A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
35       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/19/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/22/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
35       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/20/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines. The loan meets all applicable credit guidelines.           Informational   05/22/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
35       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/20/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/22/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
61       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/20/2026   Acknowledged   FCOM5135   Compliance   Missing Required Affiliated Business Disclosure   Required Affiliated Business Disclosure Missing. Documentation required to clear exception: Please provide proof that the Affiliated Business Disclosure was provided prior to closing or provide confirmation that the lender has no affiliates.           Acknowledged, accepting 2/B grading   05/22/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   B   B   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
61       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/19/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/22/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B
61       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/21/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/22/2026   Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   B   B   A   A   A   A   A   A   B   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B   B   A   A   B


Loan
Number
  Seller Loan
Number
  Originator   Last
Name
  Note Date   Original
Balance
  State   TPR QM
ATR
Status
  Loan
Status
  Exception
Date
  Remediation
Status
  Exception ID   Exception
Type
  Exception
Category
  Exceptions   Exception
Rebuttal
  Exception
Rebuttal
Date
  Exception
Rebuttal
Response
  Exception
Rebuttal
Response
Date
  Compensating
Factors
  Initial Overall
Loan Grade
  Final Overall
Loan Grade
  Initial
Exception
Grade
  Final
Exception
Grade
  Initial Credit
Grade
  Final
Credit
Grade
  Initial
Property
Valuation
Grade
  Final
Property
Valuation
Grade
  Initial
Compliance
Grade
  Final
Compliance
Grade
  Initial Overall
Grade (DBRS/
Morningstar)
 

Initial

Credit

Grade (DBRS/
Morningstar)

  Initial Property
Valuation
Grade (DBRS/
Morningstar)
  Initial
Compliance
Grade (DBRS/
Morningstar)
  Initial
Overall
Grade
(Fitch)
  Initial
Credit
Grade
(Fitch)
  Initial
Property
Valuation
Grade
(Fitch)
  Initial
Compliance
Grade (Fitch)
  Initial
Overall
Grade
(Kroll)
  Initial
Credit
Grade
(Kroll)
  Initial
Property
Valuation
Grade
(Kroll)
  Initial
Compliance
Grade (Kroll)
  Initial
Overall
Grade
(Moodys)
  Initial
Credit
Grade
(Moodys)
  Initial
Property
Valuation
Grade
(Moodys)
  Initial
Compliance
Grade
(Moodys)
  Initial
Overall
Grade
(S&P)
  Initial
Credit
Grade
(S&P)
  Initial
Property
Valuation
Grade
(S&P)
  Initial
Compliance
Grade (S&P)
  Final Overall
Grade (DBRS/
Morningstar)
  Final Credit
Grade (DBRS/
Morningstar)
  Final Property
Grade (DBRS/
Morningstar)
  Final
Compliance
Grade (DBRS/
Morningstar)
  Final
Overall
Grade
(Fitch)
  Final
Credit
Grade
(Fitch)
  Final
Property
Grade
(Fitch)
  Final
Compliance
Grade (Fitch)
  Final
Overall
Grade
(Kroll)
  Final
Credit
Grade
(Kroll)
  Final
Property
Grade
(Kroll)
  Final
Compliance
Grade (Kroll)
  Final
Overall
Grade
(Moodys)
  Final
Credit
Grade
(Moodys)
  Final
Property
Grade
(Moodys)
  Final
Compliance
Grade
(Moodys)
  Final
Overall
Grade
(S&P)
  Final
Credit
Grade
(S&P)
  Final
Property
Grade
(S&P)
  Final
Compliance
Grade (S&P)
108       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/20/2026   Resolved   FCRE8999   Credit   No Credit Findings   The loan meets all applicable credit guidelines.           Informational   05/22/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
108       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/20/2026   Resolved   FCOM8997   Compliance   No Compliance Findings   The loan is in compliance with all applicable laws and regulations.           Informational   05/22/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A
108       XXX   XXXXX   XX/XX/XXXX   $XXXXXX   XXX   QM: Safe Harbor APOR (APOR SH)   Loan Review Complete   05/19/2026   Resolved   FPRO8998   Property   No Property Findings   Property and valuations related findings were not identified on the loan.           Informational   05/22/2026   Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 89.99% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A