EXHIBIT 99.7

CLAYTON POOL 2 CONDITIONS REPORT

 


Client Name:    PennyMac
Client Project Name:    PNMAC Jumbo J17220
Conditions Report 2.0   
Loans in Report:    59
Loans with Conditions:    15

 

0 - Total Active Conditions   
          
        
        
8 - Total Satisfied Conditions   
    2 - Credit Review Scope
       1 - Category: DTI
       1 - Category: Title
    3 - Property Valuations Review Scope
       3 - Category: Appraisal
    3 - Compliance Review Scope
       1 - Category: Ability to Repay/Qualified Mortgage
       2 - Category: Finance Charge Tolerance
11 - Total Waived Conditions   
    1 - Property Valuations Review Scope
       1 - Category: Property
    10 - Compliance Review Scope
       9 - Category: RESPA
       1 - Category: Right of Rescission

©2026 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.


Client Name:    PennyMac
Client Project Name:    PNMAC Jumbo J17220
Conditions Report 2.0   
Loans in Report:    59
Loans with Conditions:    15

 

Deal
ID
  Loan
Number
 

Original

Principal

Balance

  State  

Initial

Lender
ATR/
QM
Status

  Loan
Level
ATR/
QM
Status
  Initial
Securitization
Overall Loan
Grade
  Final
Securitization
Overall Loan
Grade
  Initial
Securitization
Credit Loan
Grade
  Final
Securitization
Credit Loan
Grade
  Initial
Securitization
Property
Valuations
Loan Grade
  Final
Securitization
Property
Valuations
Loan Grade
  Initial
Securitization
Compliance
Loan Grade
  Final
Securitization
Compliance
Loan Grade
  Initial
S&P
Overall
Loan
Grade
  Final
S&P
Overall
Loan
Grade
  Initial
S&P
Credit
Loan
Grade
  Final
S&P
Credit
Loan
Grade
  Initial
S&P
Property
Valuations
Loan
Grade
  Final S&P
Property
Valuations
Loan
Grade
  Initial S&P
Compliance
Loan
Grade
  Final S&P
Compliance
Loan
Grade
  Condition
Category
  Condition
Sub
Category
  Condition
Status
  Initial
Securitization
Condition
Grade
  Final
Securitization
Condition
Grade
  Initial
S&P
Condition
Grade
  Final
S&P
Condition
Grade
 

Condition

Code

  Condition
Description
  Condition
Material
Indicator
 

Initial

Comments

 

Client/

Seller

Response

Comments

  Conclusion
Comments
 

TRID

Error

Type

  Cure
Method
 

Compensating

Factors

52   XXXXXX   XXXXXX   MA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   A   A   D   A   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   CU/LCA
score is
>2.5.
  7/13/2026:
Received
XXX BPO
report
supporting
value
  7/13/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post close assets are$724,900.96, Required reserves are 3 x $8,574.48 = $25,642.44

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score 807 is above guideline minimum of 700

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 8 Years at current job

81   XXXXXX   XXXXXX   FL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 806 mid score > min required of 700

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $157,671.54 or 24.12 months of P&I > min required of $0.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Significant time in profession of 25 years.

86   XXXXXX   XXXXXX   MD   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 796 FICO score. Minimum required 700.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Borrowers LTV 80% is less than guideline maximum 89.99%

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30x138 positive consumer payment history.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 21.45% is less than guideline maximum 50% with AUS approval.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: Borrower has been with employer for 9 years and 9 months.

87   XXXXXX   XXXXXX   UT   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Compliance   RESPA   Waived   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Affiliate
Business
Disclosure
missing.
  8.11.2026
— Client
agreed to
waive
non-
material
conditions.
  8/11/2026:
Exception
waived.
  (No
Data)
  Not
Applicable
 

CFCFS1736: Significant time at current residence

- Clayton Comments: 30 years at departing residence

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 19+ years with same employer

88   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   A   A   C   B   A   A   C   B   A   A   C   B   A   A   Property
Valuations
  Property   Waived   C   B   C   B   PRVAPROP871   Property
Location
unacceptable
under
guidelines
  No   This loan
is
ineligible
because
the
subject
property
is located
in a XXX,
is zoned
XXX
(XXX),
and
consists of
XXX
acres,
which
exceeds
the
maximum
allowable
acreage of
XXX
acres.
  8.11.2026
— Client
agreed to
waive
non-
material
conditions.
  8/11/2026:
Exception
waived.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 796 Median FICO > 76 points above guideline minimum of 720

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI is 29.59% > 20.41 points below guideline maximum of 50.00%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Borrowers have > 91.96 months PITIA above guideline minimum 3.00 months PITIA.


Deal
ID
  Loan
Number
 

Original

Principal

Balance

  State  

Initial

Lender
ATR/
QM
Status

  Loan
Level
ATR/
QM
Status
  Initial
Securitization
Overall Loan
Grade
  Final
Securitization
Overall Loan
Grade
  Initial
Securitization
Credit Loan
Grade
  Final
Securitization
Credit Loan
Grade
  Initial
Securitization
Property
Valuations
Loan Grade
  Final
Securitization
Property
Valuations
Loan Grade
  Initial
Securitization
Compliance
Loan Grade
  Final
Securitization
Compliance
Loan Grade
  Initial
S&P
Overall
Loan
Grade
  Final
S&P
Overall
Loan
Grade
  Initial
S&P
Credit
Loan
Grade
  Final
S&P
Credit
Loan
Grade
  Initial
S&P
Property
Valuations
Loan
Grade
  Final S&P
Property
Valuations
Loan
Grade
  Initial S&P
Compliance
Loan
Grade
  Final S&P
Compliance
Loan
Grade
  Condition
Category
  Condition
Sub
Category
  Condition
Status
  Initial
Securitization
Condition
Grade
  Final
Securitization
Condition
Grade
  Initial
S&P
Condition
Grade
  Final
S&P
Condition
Grade
 

Condition

Code

  Condition
Description
  Condition
Material
Indicator
 

Initial

Comments

 

Client/

Seller

Response

Comments

  Conclusion
Comments
 

TRID

Error

Type

  Cure
Method
 

Compensating

Factors

90   XXXXXX   XXXXXX   MN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: B1 has 21 years & 9 months at current job

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median FICO 95 points above guideline minimum of 700

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Borrower has 209 months of PITI reserves more than the 6 months of required reserves.

101   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   A   A   D   A   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   LCA
score
>2.5.
Clayton to
order
AVM.
  8/4/2026:
Received
AVM
supporting
value.
  8/4/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 80% is below the maximum allowable of 89.99%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 796 is above the required 700.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Reserves of $100,608.66 exceeds the required $38,158.09 reserves.

103   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have 0x30x99 months positive mortgage payment history.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 19.83% is below guideline maximum 50%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 808 FICO. Minimum required 700.

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrowers have 0x30x507 positive consumer payment history.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Borrowers LTV 69.99% is less than guideline maximum 89.99%.

106   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in the same line of work 15 years.Co-borrower has been in the same line of work 15 years and 10 months.

 

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has been at current residence 9 years and 6 months.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Borrowers have a low credit utilization ratio of 12.06%.

109   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   A   C   A   A   A   A   A   C   A   C   A   A   A   A   A   Credit   Title   Satisfied   C   A   C   A   CRDTIL875   Title
Does Not
Agree
With
Mortgage
  No   Title
exceptions
show
CCRs
(number
15) as part
of title.
Appraisal
does not
indicate a
PUD.
Please
verify.
  7/29/2026:
Lender
verified
not a
PUD.
Rural
property,
no HOA.
  7/29/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post-close assets are $863,441.30 or 91.11 months PITIA. Required PITIA reserves are $9,484.03 x 3 months = $28,452.09.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 80% is less than max allowed 89.99%.

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Per WVOE/ VVOE, Borrower has been with current employer since 3/1/1993.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Qualifying FICO of 753 exceeds required FICO of 700.


Deal
ID
  Loan
Number
 

Original

Principal

Balance

  State  

Initial

Lender
ATR/
QM
Status

  Loan
Level
ATR/
QM
Status
  Initial
Securitization
Overall Loan
Grade
  Final
Securitization
Overall Loan
Grade
  Initial
Securitization
Credit Loan
Grade
  Final
Securitization
Credit Loan
Grade
  Initial
Securitization
Property
Valuations
Loan Grade
  Final
Securitization
Property
Valuations
Loan Grade
  Initial
Securitization
Compliance
Loan Grade
  Final
Securitization
Compliance
Loan Grade
  Initial
S&P
Overall
Loan
Grade
  Final
S&P
Overall
Loan
Grade
  Initial
S&P
Credit
Loan
Grade
  Final
S&P
Credit
Loan
Grade
  Initial
S&P
Property
Valuations
Loan
Grade
  Final S&P
Property
Valuations
Loan
Grade
  Initial S&P
Compliance
Loan
Grade
  Final S&P
Compliance
Loan
Grade
  Condition
Category
  Condition
Sub
Category
  Condition
Status
  Initial
Securitization
Condition
Grade
  Final
Securitization
Condition
Grade
  Initial
S&P
Condition
Grade
  Final
S&P
Condition
Grade
 

Condition

Code

  Condition
Description
  Condition
Material
Indicator
 

Initial

Comments

 

Client/

Seller

Response

Comments

  Conclusion
Comments
 

TRID

Error

Type

  Cure
Method
 

Compensating

Factors

111   XXXXXX   XXXXXX   VA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 801 is 101 points above program minimum requirement of 700.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 80%; guideline allows 89.99%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post close assets $366,713.59 or 47.23 PITI

115   XXXXXX   XXXXXX   NV   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Compliance   RESPA   Waived   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Loan file
is missing
Affiliate
Business
Disclosure.
FACTS
document
is also
missing
from loan
file to
determine
Affiliates /
No
Affiliates
to Lender.
  8.11.2026
— Client
agreed to
waive
non-
material
conditions.
  8/11/2026:
Exception
waived.
  (No
Data)
  Not
Applicable
 

CFCFS1739: Positive mortgage payment history

- Clayton Comments: Borrowers have69 months mortgage payment history 0x30.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 49%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 741 mid score > min required of 620

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close reserves are $205,942.98 or 27.14 months of PITI.Required PITI Reserves are $7,587.58 X 3 months = $ 22,762.74

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in same profession for 15 years.

117   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 0.35%

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $211,849.52Program requires 3 months reserves of PITI of $29,355.39.

 

CFCFS2860: Good credit history

- Clayton Comments: Borrower score is 810. Minimum score per program is 700.

118   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 14.23% DTI with a max 50% allowed.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 75% LTV with a max 89.99% allowed.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: ASSETS: $793,991.22 — $242,721.55 — $65,500 deposits/EMD = $485,769.67 reserves$7,644.11 PITI * 3 = $22,932.33AUS assets required = $1,157

119   XXXXXX   XXXXXX   WI   QM:
Safe
Harbor
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post close assets are $120,486.38 or 13.5 months PITI. Required PITI reserves are 3 x $8,913.85 = $26,741.44.

 

CFCFS1746: Significant housing expense reduction

- Clayton Comments: Reducing housing expense by 9.32%.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI 17.91% is below DTI 45%.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV 74.12% is below guideline maximum of 89.99%


Deal
ID
  Loan
Number
 

Original

Principal

Balance

  State  

Initial

Lender
ATR/
QM
Status

  Loan
Level
ATR/
QM
Status
  Initial
Securitization
Overall Loan
Grade
  Final
Securitization
Overall Loan
Grade
  Initial
Securitization
Credit Loan
Grade
  Final
Securitization
Credit Loan
Grade
  Initial
Securitization
Property
Valuations
Loan Grade
  Final
Securitization
Property
Valuations
Loan Grade
  Initial
Securitization
Compliance
Loan Grade
  Final
Securitization
Compliance
Loan Grade
  Initial
S&P
Overall
Loan
Grade
  Final
S&P
Overall
Loan
Grade
  Initial
S&P
Credit
Loan
Grade
  Final
S&P
Credit
Loan
Grade
  Initial
S&P
Property
Valuations
Loan
Grade
  Final S&P
Property
Valuations
Loan
Grade
  Initial S&P
Compliance
Loan
Grade
  Final S&P
Compliance
Loan
Grade
  Condition
Category
  Condition
Sub
Category
  Condition
Status
  Initial
Securitization
Condition
Grade
  Final
Securitization
Condition
Grade
  Initial
S&P
Condition
Grade
  Final
S&P
Condition
Grade
 

Condition

Code

  Condition
Description
  Condition
Material
Indicator
 

Initial

Comments

 

Client/

Seller

Response

Comments

  Conclusion
Comments
 

TRID

Error

Type

  Cure
Method
 

Compensating

Factors

120   XXXXXX   XXXXXX   FL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: No mortgage lates on credit. 0 x 30 in 57 months.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post-close assets of $2,411,361.28 exceed the $40,713.42 required reserves.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Borrowers have a low credit utilization ratio of 24.54%.

121   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrower mortgage payment 0x30x99

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Median FICO 102 points above guideline minimum of 700

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Borrower has 62 months of PITI reserves more than the months of required reserves.

 

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has 13 years & 6 months at current residence

124   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing reserves $216,125.60 or 21.26 months PITIA exceed guideline amount of $10,164.01 x 3 months of PITI Reserves are $30,492.03 required.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Borrowers LTV of 80.00% is > 9.99% below guideline maximum of 89.99%.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI is 29.36% > 20.64 points below guideline maximum of 50.00%.

126   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 785 mid score > min required of 700

 

CFCFS2860: Good credit history

- Clayton Comments: Borrower has 0x30 for 24 months.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have206 months mortgage payment history 0x30.

130   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 788 FICO score. Minimum required 700.

 

CFCFS2860: Good credit history

- Clayton Comments: Borrower has 0x30 for 24 months.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 50%; guidelines allow 89.99%.


Deal
ID
  Loan
Number
 

Original

Principal

Balance

  State  

Initial

Lender
ATR/
QM
Status

  Loan
Level
ATR/
QM
Status
  Initial
Securitization
Overall Loan
Grade
  Final
Securitization
Overall Loan
Grade
  Initial
Securitization
Credit Loan
Grade
  Final
Securitization
Credit Loan
Grade
  Initial
Securitization
Property
Valuations
Loan Grade
  Final
Securitization
Property
Valuations
Loan Grade
  Initial
Securitization
Compliance
Loan Grade
  Final
Securitization
Compliance
Loan Grade
  Initial
S&P
Overall
Loan
Grade
  Final
S&P
Overall
Loan
Grade
  Initial
S&P
Credit
Loan
Grade
  Final
S&P
Credit
Loan
Grade
  Initial
S&P
Property
Valuations
Loan
Grade
  Final S&P
Property
Valuations
Loan
Grade
  Initial S&P
Compliance
Loan
Grade
  Final S&P
Compliance
Loan
Grade
  Condition
Category
  Condition
Sub
Category
  Condition
Status
  Initial
Securitization
Condition
Grade
  Final
Securitization
Condition
Grade
  Initial
S&P
Condition
Grade
  Final
S&P
Condition
Grade
 

Condition

Code

  Condition
Description
  Condition
Material
Indicator
 

Initial

Comments

 

Client/

Seller

Response

Comments

  Conclusion
Comments
 

TRID

Error

Type

  Cure
Method
 

Compensating

Factors

135   XXXXXX   XXXXXX   UT   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 753 Median FICO > 53 points above guideline minimum of 700

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Borrower has $54,889.96 or 6.34 months PITIA above guideline minimum 0.00 months PITIA.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrower DTI is 37.49% > 12.51 points below guideline maximum of 50.00%.

143   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1739: Positive mortgage payment history

- Clayton Comments: 0 X 30 IN 67 MONTHS

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 16+ years with same employer

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 12+ years at departing residence

144   XXXXXX   XXXXXX   OR   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Compliance   RESPA   Waived   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Affiliate
Business
Disclosure
missing.
  8.11.2026
— Client
agreed to
waive
non-
material
conditions.
  8/11/2026:
Exception
waived.
  (No
Data)
  Not
Applicable
 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in same profession for 22 years.

 

CFCFS2860: Good credit history

- Clayton Comments: Borrower has 0x30 for 24 months.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 788 mid score > min required of 700

145   XXXXXX   XXXXXX   UT   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in the same line of work for 10 years.

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: No mortgage lates on credit. 0 x 30 in 65 months.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Borrower has a low credit utilization ratio of 21.75%.

148   XXXXXX   XXXXXX   NY   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1736: Significant time at current residence

- Clayton Comments: 18+ years at departing residence

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 809 FICO exceeds minimum 720


Deal
ID
  Loan
Number
 

Original

Principal

Balance

  State  

Initial

Lender
ATR/
QM
Status

  Loan
Level
ATR/
QM
Status
  Initial
Securitization
Overall Loan
Grade
  Final
Securitization
Overall Loan
Grade
  Initial
Securitization
Credit Loan
Grade
  Final
Securitization
Credit Loan
Grade
  Initial
Securitization
Property
Valuations
Loan Grade
  Final
Securitization
Property
Valuations
Loan Grade
  Initial
Securitization
Compliance
Loan Grade
  Final
Securitization
Compliance
Loan Grade
  Initial
S&P
Overall
Loan
Grade
  Final
S&P
Overall
Loan
Grade
  Initial
S&P
Credit
Loan
Grade
  Final
S&P
Credit
Loan
Grade
  Initial
S&P
Property
Valuations
Loan
Grade
  Final S&P
Property
Valuations
Loan
Grade
  Initial S&P
Compliance
Loan
Grade
  Final S&P
Compliance
Loan
Grade
  Condition
Category
  Condition
Sub
Category
  Condition
Status
  Initial
Securitization
Condition
Grade
  Final
Securitization
Condition
Grade
  Initial
S&P
Condition
Grade
  Final
S&P
Condition
Grade
 

Condition

Code

  Condition
Description
  Condition
Material
Indicator
 

Initial

Comments

 

Client/

Seller

Response

Comments

  Conclusion
Comments
 

TRID

Error

Type

  Cure
Method
 

Compensating

Factors

149   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Borrowers have > 40.07 months PITIA above guideline minimum 0.00 months PITIA.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 794 Median FICO > 94 points above guideline minimum of 700

150   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Compliance   RESPA   Waived   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Affiliate
Business
Disclosure
missing
from file.
  8.11.2026
— Client
agreed to
waive
non-
material
conditions.
  8/11/2026:
Exception
waived.
  (No
Data)
  Not
Applicable
 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Mid score of 793 > 700 required

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 70.59 below guideline of 89.99

152   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Compliance   RESPA   Waived   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Missing
the
Affiliate
Business
Disclosure
document.
  8.11.2026
— Client
agreed to
waive
non-
material
conditions.
  8/11/2026:
Exception
waived.
  (No
Data)
  Not
Applicable
 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 31.47% is below guideline maximum 50%.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Borrowers have91 months mortgage payment history 0x30.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @14.00%

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 80%; guidelines allow 89.99%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 783 mid score > min required of 720

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $1,075,556.28 or 76.39 months of PITI> min required $42,240.21

 

CFCFS1742: Consumer credit history exceeds guidelines

- Clayton Comments: Borrower has 0x30 for 253 months.

153   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1736: Significant time at current residence

- Clayton Comments: 22+ years at primary residence

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 1.00%

 

CFCFS2854: Significant time in profession

- Clayton Comments: 23+ years at present job

158   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 60.72% LTV; 89.99% maximum LTV

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 737 FICO score. Minimum required 700.

 

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: Co-Borrower has 14.92 years with present employer


Deal
ID
  Loan
Number
 

Original

Principal

Balance

  State  

Initial

Lender
ATR/
QM
Status

  Loan
Level
ATR/
QM
Status
  Initial
Securitization
Overall Loan
Grade
  Final
Securitization
Overall Loan
Grade
  Initial
Securitization
Credit Loan
Grade
  Final
Securitization
Credit Loan
Grade
  Initial
Securitization
Property
Valuations
Loan Grade
  Final
Securitization
Property
Valuations
Loan Grade
  Initial
Securitization
Compliance
Loan Grade
  Final
Securitization
Compliance
Loan Grade
  Initial
S&P
Overall
Loan
Grade
  Final
S&P
Overall
Loan
Grade
  Initial
S&P
Credit
Loan
Grade
  Final
S&P
Credit
Loan
Grade
  Initial
S&P
Property
Valuations
Loan
Grade
  Final S&P
Property
Valuations
Loan
Grade
  Initial S&P
Compliance
Loan
Grade
  Final S&P
Compliance
Loan
Grade
  Condition
Category
  Condition
Sub
Category
  Condition
Status
  Initial
Securitization
Condition
Grade
  Final
Securitization
Condition
Grade
  Initial
S&P
Condition
Grade
  Final
S&P
Condition
Grade
 

Condition

Code

  Condition
Description
  Condition
Material
Indicator
 

Initial

Comments

 

Client/

Seller

Response

Comments

  Conclusion
Comments
 

TRID

Error

Type

  Cure
Method
 

Compensating

Factors

159   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 801 Median FICO > 101 points above guideline minimum of 700

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Borrowers have > 27.20 months PITIA above guideline minimum 0.00 months PITIA.

160   XXXXXX   XXXXXX   NJ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $184474.15 or15.77months of P&I

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 723 fico score exceeds 700

 

CFCFS2854: Significant time in profession

- Clayton Comments: 5 years in the profession

163   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1735: Co-Borrower has significant time at current job

- Clayton Comments: 11+ years at present job

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Minimal usage of available revolving credit lines @ 4.00%

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 34.95% is below guideline maximum 50%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $1,681,703.16 / 176.01 months PITIA > min required $29,273.98.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in same profession for 19 years.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 747 mid score > min required of 700

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 80%; guidelines allow 89.99%.

164   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing Assets $1,475,095.66 minus funds to closing of $812,306.66 = $662,789 (74 months PITIA_PITIA $8,678.95 x 3 mos reserves = $26,036.85

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: CLTV 59.25% well below max CLTV 89.99%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Fico 787 exceeds minimum 700

 

CFCFS2854: Significant time in profession

- Clayton Comments: B1 12 years in same profession

165   XXXXXX   XXXXXX   NJ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Compliance   RESPA   Waived   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Missing
the
Affiliate
Business
Disclosure
  8.11.2026
— Client
agreed to
waive
non-
material
conditions.
  8/11/2026:
Exception
waived.
  (No
Data)
  Not
Applicable
 

CFCFS2860: Good credit history

- Clayton Comments: 0 x 30 in 99 months

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 803 FICO exceeds minimum 720


Deal
ID
  Loan
Number
 

Original

Principal

Balance

  State  

Initial

Lender
ATR/
QM
Status

  Loan
Level
ATR/
QM
Status
  Initial
Securitization
Overall Loan
Grade
  Final
Securitization
Overall Loan
Grade
  Initial
Securitization
Credit Loan
Grade
  Final
Securitization
Credit Loan
Grade
  Initial
Securitization
Property
Valuations
Loan Grade
  Final
Securitization
Property
Valuations
Loan Grade
  Initial
Securitization
Compliance
Loan Grade
  Final
Securitization
Compliance
Loan Grade
  Initial
S&P
Overall
Loan
Grade
  Final
S&P
Overall
Loan
Grade
  Initial
S&P
Credit
Loan
Grade
  Final
S&P
Credit
Loan
Grade
  Initial
S&P
Property
Valuations
Loan
Grade
  Final S&P
Property
Valuations
Loan
Grade
  Initial S&P
Compliance
Loan
Grade
  Final S&P
Compliance
Loan
Grade
  Condition
Category
  Condition
Sub
Category
  Condition
Status
  Initial
Securitization
Condition
Grade
  Final
Securitization
Condition
Grade
  Initial
S&P
Condition
Grade
  Final
S&P
Condition
Grade
 

Condition

Code

  Condition
Description
  Condition
Material
Indicator
 

Initial

Comments

 

Client/

Seller

Response

Comments

  Conclusion
Comments
 

TRID

Error

Type

  Cure
Method
 

Compensating

Factors

167   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   A   A   A   A   C   B   C   B   A   A   A   A   C   B   Compliance   Finance
Charge
Tolerance
  Satisfied   C   B   C   B   CMPFINT106   Finance
charge
understated
by more
than $100
(Pmt
Stream)
  No   Finance
charges per
CD $XXX,
review
calculation
$XXX.
Difference of
$-249.93.
Fees included
in calculation
are: $8.50
credit
monitoring,
$11960
Discount,
$6.50 Flood
cert,
$4162.77
Prepaid
interest,
$1195
Processing,
$86 Tax
service,
$24.95
MERS, $17
recording
service, $575
Settlement,
$1195
Underwriting,
$25 Wire and
$250
warehouse
fee. Mavent
located in file
also failing
Finance
charge
testing.
  8/5/26 —
Lender
provided
LOX
explaining
the
discrepancy
and cure of
$305 along
with the
corrected
PCCD.
  8/5/26 —
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 715 score exceeds the 700 minimum required.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 34.02% DTI with a max 45% allowed.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 63.29% LTV with a max 89.99% allowed.

167   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   A   A   A   A   C   B   C   B   A   A   A   A   C   B   Compliance   Finance
Charge
Tolerance
  Satisfied   C   B   C   B   CMPFINT4372   TILA/
TRID-
Disclosed
Amount
Financed is
higher than
Clayton’s
calculated
Amount
Financed
  No   Amount
financed per
CD $XXX,
review
calculation
$XXX.
Difference of
$250.
  8/5/26 —
Lender
provided
LOX
explaining
the
discrepancy
and cure of
$305 along
with the
corrected
PCCD.
  8/5/26 —
Exception
satisfied.
  Numeric   Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 715 score exceeds the 700 minimum required.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 34.02% DTI with a max 45% allowed.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 63.29% LTV with a max 89.99% allowed.

167   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  C   B   A   A   A   A   C   B   C   B   A   A   A   A   C   B   Compliance   Right of
Rescission
  Waived   B   B   B   B   CMPROR1909   Incorrect
ROR Form
Used —
H8 Form
Used in
Refinance
With
Original
Creditor
  No   Regulation Z
designates the
H9 rescission
form as the
form
designed for
same lender
refinance
transactions;
for this loan
the lender is
using the H8
form.
Regulation Z
has language
allowing the
use of a
substantially
similar
notice.
Claytons
view has
been that an
H8 protects
the lender
and assignee
to at least the
same extent
as an H9, but
Clayton
recognized
that one
could think
that the mere
existence of
the H9 takes
away the
substantially
similar notice
argument.
The majority
of U.S.
Circuit
Courts that
have opined
on the issue
have upheld
the use of an
H8 in a same-
lender
refinance;
therefore,
Clayton
grades the
use of an H8
form in a
same-lender
refinance as a
level 2/B-
Non Material
exception in
those Circuits
that have not
decided on
this issue.
  8.11.2026
— Client
agreed to
waive non-
material
conditions.
  8.11.2026

Exception
waived.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 715 score exceeds the 700 minimum required.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 34.02% DTI with a max 45% allowed.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 63.29% LTV with a max 89.99% allowed.

168   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: 3 months — $7,783.01 x 3 = $23,349.03 requiredPost close reserves $88,239.49

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 17.34 below max 45

169   XXXXXX   XXXXXX   WA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: No mortgage lates on credit. 0 x 30 in 45 months.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower and co-borrower have been in their lines of work for 10 years each.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: DTI ratio of 44.15% is below the guideline maximum requirement of 50%.


Deal
ID
  Loan
Number
 

Original

Principal

Balance

  State  

Initial

Lender
ATR/
QM
Status

  Loan
Level
ATR/
QM
Status
  Initial
Securitization
Overall Loan
Grade
  Final
Securitization
Overall Loan
Grade
  Initial
Securitization
Credit Loan
Grade
  Final
Securitization
Credit Loan
Grade
  Initial
Securitization
Property
Valuations
Loan Grade
  Final
Securitization
Property
Valuations
Loan Grade
  Initial
Securitization
Compliance
Loan Grade
  Final
Securitization
Compliance
Loan Grade
  Initial
S&P
Overall
Loan
Grade
  Final
S&P
Overall
Loan
Grade
  Initial
S&P
Credit
Loan
Grade
  Final
S&P
Credit
Loan
Grade
  Initial
S&P
Property
Valuations
Loan
Grade
  Final S&P
Property
Valuations
Loan
Grade
  Initial S&P
Compliance
Loan
Grade
  Final S&P
Compliance
Loan
Grade
  Condition
Category
  Condition
Sub
Category
  Condition
Status
  Initial
Securitization
Condition
Grade
  Final
Securitization
Condition
Grade
  Initial
S&P
Condition
Grade
  Final
S&P
Condition
Grade
 

Condition

Code

  Condition
Description
  Condition
Material
Indicator
 

Initial

Comments

 

Client/

Seller

Response

Comments

  Conclusion
Comments
 

TRID

Error

Type

  Cure
Method
 

Compensating

Factors

170   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                               (No Data)
171   XXXXXX   XXXXXX   PA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 768 median FICO. Min required 620.

172   XXXXXX   XXXXXX   IL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 6 years at current job

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $127074.38 or 15.71 months of P&I

173   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Compliance   RESPA   Waived   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Affiliate
Business
Disclosure
missing.
  8.11.2026
— Client
agreed to
waive
non-
material
conditions.
  8.11.2026

Exception
waived.
  (No
Data)
  Not
Applicable
 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 771 FICO exceeds minimum 740

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 11+ years with present employer

174   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 24.04% is below guideline maximum 50%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $156,103.55 or 17.72 months of PITIA. Required 3 mos. PITI reserves, $8,810.70 x 3 = $26,432.10.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: CLTV is 80%; guidelines allow 89.99%.


Deal
ID
  Loan
Number
 

Original

Principal

Balance

  State  

Initial

Lender
ATR/
QM
Status

  Loan
Level
ATR/
QM
Status
  Initial
Securitization
Overall Loan
Grade
  Final
Securitization
Overall Loan
Grade
  Initial
Securitization
Credit Loan
Grade
  Final
Securitization
Credit Loan
Grade
  Initial
Securitization
Property
Valuations
Loan Grade
  Final
Securitization
Property
Valuations
Loan Grade
  Initial
Securitization
Compliance
Loan Grade
  Final
Securitization
Compliance
Loan Grade
  Initial
S&P
Overall
Loan
Grade
  Final
S&P
Overall
Loan
Grade
  Initial
S&P
Credit
Loan
Grade
  Final
S&P
Credit
Loan
Grade
  Initial
S&P
Property
Valuations
Loan
Grade
  Final S&P
Property
Valuations
Loan
Grade
  Initial S&P
Compliance
Loan
Grade
  Final S&P
Compliance
Loan
Grade
  Condition
Category
  Condition
Sub
Category
  Condition
Status
  Initial
Securitization
Condition
Grade
  Final
Securitization
Condition
Grade
  Initial
S&P
Condition
Grade
  Final
S&P
Condition
Grade
 

Condition

Code

  Condition
Description
  Condition
Material
Indicator
 

Initial

Comments

 

Client/

Seller

Response

Comments

  Conclusion
Comments
 

TRID

Error

Type

  Cure
Method
 

Compensating

Factors

177   XXXXXX   XXXXXX   TN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A  

A

  A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has been at current residence 12 years and 2 months.

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borrower has been in the same line of work for 15 years.

 

CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years

- Clayton Comments: No mortgage lates on credit. 0 x 30 in 82 months.

180   XXXXXX   XXXXXX   MN   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 708 fico score exceeds guidelines 700

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $598,049.00 or 58 months of P&I

181   XXXXXX   XXXXXX   FL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing reserves $2,357,298.04 or 83.22 months PITIA above guideline minimum 18 months x $28,324.43 = required $509,839.74.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrower DTI is 21.04% > 23.96 points below guideline maximum of 45%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 746 Median FICO > 6 points above guideline minimum of 740

187   XXXXXX   XXXXXX   TX   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1736: Significant time at current residence

- Clayton Comments: Borrower has 13+ years in current residence.

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Borrower has minimal use of credit.

188   XXXXXX   XXXXXX   MA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1737: LTV below guideline requirements

- Clayton Comments: Verified 60% LTV. Max allowed 80%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Verified 778 median FICO. Min required 700.

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 11+ years self employed


Deal
ID
  Loan
Number
 

Original

Principal

Balance

  State  

Initial

Lender
ATR/
QM
Status

  Loan
Level
ATR/
QM
Status
  Initial
Securitization
Overall Loan
Grade
  Final
Securitization
Overall Loan
Grade
  Initial
Securitization
Credit Loan
Grade
  Final
Securitization
Credit Loan
Grade
  Initial
Securitization
Property
Valuations
Loan Grade
  Final
Securitization
Property
Valuations
Loan Grade
  Initial
Securitization
Compliance
Loan Grade
  Final
Securitization
Compliance
Loan Grade
  Initial
S&P
Overall
Loan
Grade
  Final
S&P
Overall
Loan
Grade
  Initial
S&P
Credit
Loan
Grade
  Final
S&P
Credit
Loan
Grade
  Initial
S&P
Property
Valuations
Loan
Grade
  Final S&P
Property
Valuations
Loan
Grade
  Initial S&P
Compliance
Loan
Grade
  Final S&P
Compliance
Loan
Grade
  Condition
Category
  Condition
Sub
Category
  Condition
Status
  Initial
Securitization
Condition
Grade
  Final
Securitization
Condition
Grade
  Initial
S&P
Condition
Grade
  Final
S&P
Condition
Grade
 

Condition

Code

  Condition
Description
  Condition
Material
Indicator
 

Initial

Comments

 

Client/

Seller

Response

Comments

  Conclusion
Comments
 

TRID

Error

Type

  Cure
Method
 

Compensating

Factors

193   XXXXXX   XXXXXX   GA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 34.49% is below guideline maximum 50%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $490,831.14 or 40.90 months of PITI.Required reserves are $86,226.00 per AUS/DU

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: CLTV is 75%; guidelines allow 89.99%.

196   XXXXXX   XXXXXX   NC   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Verified $674,220.60 — $296,389.18 CTC = $377,831.42 reserves or 53.36 months PITI;$32,349 reserves required per AUS.

 

CFCFS1744: DTI below guideline requirement

- Clayton Comments: 19.22% DTI with a max 45% allowed.

 

CFCFS2854: Significant time in profession

- Clayton Comments: 9 years in profession.

199   XXXXXX   XXXXXX   ID   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 43% is below guideline maximum 50%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $1,137,359.95 or 157.15 months of PITI.Required PITI Reserves are $7,237.35 X 3 = $21,712.05

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 80%; guidelines allow 89.99%.

203   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 17+ years with present employer

 

CFCFS1736: Significant time at current residence

- Clayton Comments: B2 has 12 years at departing residence

204   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1744: DTI below guideline requirement

- Clayton Comments: Borrowers DTI 14.44% is below guideline maximum 50%.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV is 51%; guidelines allow 89.99%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $124,814.10 or 18 months of PITI.Required PITI Reserves are $6,928.11 X 3 = $20,784.93


Deal
ID
  Loan
Number
 

Original

Principal

Balance

  State  

Initial

Lender
ATR/
QM
Status

  Loan
Level
ATR/
QM
Status
  Initial
Securitization
Overall Loan
Grade
  Final
Securitization
Overall Loan
Grade
  Initial
Securitization
Credit Loan
Grade
  Final
Securitization
Credit Loan
Grade
  Initial
Securitization
Property
Valuations
Loan Grade
  Final
Securitization
Property
Valuations
Loan Grade
  Initial
Securitization
Compliance
Loan Grade
  Final
Securitization
Compliance
Loan Grade
  Initial
S&P
Overall
Loan
Grade
  Final
S&P
Overall
Loan
Grade
  Initial
S&P
Credit
Loan
Grade
  Final
S&P
Credit
Loan
Grade
  Initial
S&P
Property
Valuations
Loan
Grade
  Final S&P
Property
Valuations
Loan
Grade
  Initial S&P
Compliance
Loan
Grade
  Final S&P
Compliance
Loan
Grade
  Condition
Category
  Condition
Sub
Category
  Condition
Status
  Initial
Securitization
Condition
Grade
  Final
Securitization
Condition
Grade
  Initial
S&P
Condition
Grade
  Final
S&P
Condition
Grade
 

Condition

Code

  Condition
Description
  Condition
Material
Indicator
 

Initial

Comments

 

Client/

Seller

Response

Comments

  Conclusion
Comments
 

TRID

Error

Type

  Cure
Method
 

Compensating

Factors

208   XXXXXX   XXXXXX   AZ   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   A   A   A   D   A   A   A   D   A   A   A   D   A   A   A   Property
Valuations
  Appraisal   Satisfied   D   A   D   A   PRVAAPPR3116   Missing
updated
valuation
  No   CU/LCA
score >
2.5.
  8/4/2026:
Received
AVM
supporting
value.
  8/4/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit utilization is 3.144%

 

CFCFS2854: Significant time in profession

- Clayton Comments: Borr has been in profession for 35 years.

209   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1740: Mortgage payment history exceeds guidelines

- Clayton Comments: Mortgage payment history of 0x30x52 months exceeds the required 0x30x12 months.

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: LTV of 69.23% is below the maximum allowable of 89.99%.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 780 is above the required 720.

211   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   A   A   D   B   D   B   D   A   A   A   D   B   Compliance   Ability to
Repay/
Qualified
Mortgage
  Satisfied   D   A   D   A   CMPATRQM3220   TILA —
Loan
subject to
Ability to
Repay/
Qualified
Mortgage
rule; the
loan file is
missing
documents
to complete
the ATR/
QM review
and render
an accurate
ATR/QM
status.
  No   #1 —
Missing
the
Mortgage
statement
from the
existing
mortgage
to reflect
if whether
or not the
monthly
payment
is
escrowed
  7/29/2026:
Received
mtg stmnt
showing
PITI and
LOX, no
HOA.
  7/29/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: CLTV 55.22%. Max CLTV 89.99%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Fico 796 exceeds the minimum fico requirement of 700

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $688,869.74 minus funds to closing of $656,575.20 = $32,294.54 in remaining assets. Required PITI Reserves are $6,790.21 X 3 = $20,370.63

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit utilization is only 26%

211   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   A   A   D   B   D   B   D   A   A   A   D   B   Compliance   RESPA   Waived   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Affiliate
Business
Disclosure
or facts
sheet is
missing
and
cannot
confirm
affiliates.
Please
provide
Affiliate
Business
Disclosure
form.
  8.11.2026
— Client
agreed to
waive
non-
material
conditions.
  8.11.2026

Exception
waived
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: CLTV 55.22%. Max CLTV 89.99%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Fico 796 exceeds the minimum fico requirement of 700

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $688,869.74 minus funds to closing of $656,575.20 = $32,294.54 in remaining assets. Required PITI Reserves are $6,790.21 X 3 = $20,370.63

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit utilization is only 26%

211   XXXXXX   XXXXXX   CO   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  D   B   D   A   A   A   D   B   D   B   D   A   A   A   D   B   Credit   DTI   Satisfied   D   A   D   A   CRDDTI2540   Missing
verification
of some or
all
components
of non-
subject
PITI
  No   #1 —
Missing
the
Mortgage
statement
from the
existing
mortgage
to reflect
if whether
or not the
monthly
payment
is
escrowed
  7/29/2026:
Received
mtg stmnt
showing
PITI and
LOX, no
HOA.
  7/29/2026:
Exception
satisfied.
  (No
Data)
  Not
Applicable
 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: CLTV 55.22%. Max CLTV 89.99%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Fico 796 exceeds the minimum fico requirement of 700

 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post Close Assets are $688,869.74 minus funds to closing of $656,575.20 = $32,294.54 in remaining assets. Required PITI Reserves are $6,790.21 X 3 = $20,370.63

 

CFCFS5269: Minimal use of credit

- Clayton Comments: Credit utilization is only 26%


Deal
ID
  Loan
Number
 

Original

Principal

Balance

  State  

Initial

Lender
ATR/
QM
Status

  Loan
Level
ATR/
QM
Status
  Initial
Securitization
Overall Loan
Grade
  Final
Securitization
Overall Loan
Grade
  Initial
Securitization
Credit Loan
Grade
  Final
Securitization
Credit Loan
Grade
  Initial
Securitization
Property
Valuations
Loan Grade
  Final
Securitization
Property
Valuations
Loan Grade
  Initial
Securitization
Compliance
Loan Grade
  Final
Securitization
Compliance
Loan Grade
  Initial
S&P
Overall
Loan
Grade
  Final
S&P
Overall
Loan
Grade
  Initial
S&P
Credit
Loan
Grade
  Final
S&P
Credit
Loan
Grade
  Initial
S&P
Property
Valuations
Loan
Grade
  Final S&P
Property
Valuations
Loan
Grade
  Initial S&P
Compliance
Loan
Grade
  Final S&P
Compliance
Loan
Grade
  Condition
Category
  Condition
Sub
Category
  Condition
Status
  Initial
Securitization
Condition
Grade
  Final
Securitization
Condition
Grade
  Initial
S&P
Condition
Grade
  Final
S&P
Condition
Grade
 

Condition

Code

  Condition
Description
  Condition
Material
Indicator
 

Initial

Comments

 

Client/

Seller

Response

Comments

  Conclusion
Comments
 

TRID

Error

Type

  Cure
Method
 

Compensating

Factors

212   XXXXXX   XXXXXX   CA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Compliance   RESPA   Waived   B   B   B   B   CMPRESPA863   RESPA:
Required
Affiliate
Business
Disclosure
missing
  No   Affiliate
Business
Disclosure
missing.
  8.11.2026
— Client
agreed to
waive
non-
material
conditions.
  8.11.2026

Exception
waived.
  (No
Data)
  Not
Applicable
 

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Borrower has $115,054.19 or 10 months of PITI reserves more than the 3 months x $10,574.06 = $31,722.18 of required reserves.

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: 772 Median FICO 72 points above guideline minimum of 700.

214   XXXXXX   XXXXXX   PA   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1731: Verified cash reserves exceed guidelines

- Clayton Comments: Post closing assets $370,192.00 (34.98 months PITIA reserves) > min required of 3 months PITIA

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: 75% LTV < max permitted of 89.99%

 

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Credit score of 723 exceeds guideline requirement of 700

218   XXXXXX   XXXXXX   FL   QM:
Safe
Harbor
(APOR)
  QM:
Safe
Harbor
(APOR)
  A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A                                                              

CFCFS1741: Credit score exceeds guidelines

- Clayton Comments: Fico 793 exceeds minimum fico of 700

 

CFCFS1736: Significant time at current residence

- Clayton Comments: 11 years at current residence

 

CFCFS1734: Borrower has significant time at current job

- Clayton Comments: 23 years at current job

 

CFCFS1737: LTV below guideline requirements

- Clayton Comments: CLTV 62% exceeds max CLTV 89.99%

 


Client Name:    PennyMac
Client Project Name:    PNMAC Jumbo J17220
Conditions Report 2.0   
Loans in Report:    59
Loans with Conditions:    15

 

Deal
ID
  Loan
Number
  Lender
Application
Date
  Broker Application
Date
  Initial Securitization
Overall Loan Grade
  Final Securitization
Overall Loan
Grade
 

Initial
Securitization
Credit Loan
Grade

  Final Securitization
Credit Loan Grade
 

Initial
Securitization
Property
Valuations
Loan Grade

 

Final Securitization
Property
Valuations Loan
Grade

 

Initial
Securitization
Compliance
Loan Grade

 

Final Securitization
Compliance Loan
Grade

 

Initial S&P Overall
Loan Grade

  Final S&P Overall
Loan Grade
  Initial S&P Credit
Loan Grade
  Final S&P Credit
Loan Grade
  Initial S&P Property
Valuations Loan
Grade
  Final S&P Property
Valuations Loan
Grade
 

Initial S&P 

Compliance
Loan
Grade

 

Final S&P

Compliance
Loan
Grade

  Did Lender
Acknowledge
Exception at
Origination
52   XXXXXX   XXXXXX   XXXXXX   D   A   A   A   D   A   A   A   D   A   A   A   D   A   A   A   Not
Applicable
81   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
86   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
87   XXXXXX   XXXXXX   XXXXXX   B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Not
Applicable
88   XXXXXX   XXXXXX   XXXXXX   C   B   A   A   C   B   A   A   C   B   A   A   C   B   A   A   No
90   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
101   XXXXXX   XXXXXX   XXXXXX   D   A   A   A   D   A   A   A   D   A   A   A   D   A   A   A   Not
Applicable
103   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
106   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
109   XXXXXX   XXXXXX   XXXXXX   C   A   C   A   A   A   A   A   C   A   C   A   A   A   A   A   Not
Applicable
111   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
115   XXXXXX   XXXXXX   XXXXXX   B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Not
Applicable
117   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
118   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
119   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
120   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
121   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
124   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
126   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
130   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
135   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
143   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
144   XXXXXX   XXXXXX   XXXXXX   B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Not
Applicable
145   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
148   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
149   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
150   XXXXXX   XXXXXX   XXXXXX   B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Not
Applicable
152   XXXXXX   XXXXXX   XXXXXX   B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   No
153   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
158   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
159   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
160   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
163   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
164   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
165   XXXXXX   XXXXXX   XXXXXX   B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Not
Applicable


Deal
ID
  Loan
Number
  Lender
Application
Date
  Broker Application
Date
  Initial Securitization
Overall Loan Grade
  Final Securitization
Overall Loan
Grade
 

Initial
Securitization
Credit Loan
Grade

  Final Securitization
Credit Loan Grade
 

Initial
Securitization
Property
Valuations
Loan Grade

 

Final Securitization
Property
Valuations Loan
Grade

 

Initial
Securitization
Compliance
Loan Grade

 

Final Securitization
Compliance Loan
Grade

 

Initial S&P Overall
Loan Grade

  Final S&P Overall
Loan Grade
  Initial S&P Credit
Loan Grade
  Final S&P Credit
Loan Grade
  Initial S&P Property
Valuations Loan
Grade
  Final S&P Property
Valuations Loan
Grade
 

Initial S&P 

Compliance
Loan
Grade

 

Final S&P

Compliance
Loan
Grade

  Did Lender
Acknowledge
Exception at
Origination
167   XXXXXX   XXXXXX   XXXXXX   C   B   A   A   A   A   C   B   C   B   A   A   A   A   C   B   Not
Applicable
168   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
169   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
170   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
171   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
172   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
173   XXXXXX   XXXXXX   XXXXXX   B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Not
Applicable
174   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
177   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
180   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
181   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
187   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
188   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No
193   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
196   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
199   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
203   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
204   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
208   XXXXXX   XXXXXX   XXXXXX   D   A   A   A   D   A   A   A   D   A   A   A   D   A   A   A   No
209   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
211   XXXXXX   XXXXXX   XXXXXX   D   B   D   A   A   A   D   B   D   B   D   A   A   A   D   B   No
212   XXXXXX   XXXXXX   XXXXXX   B   B   A   A   A   A   B   B   B   B   A   A   A   A   B   B   Not
Applicable
214   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   Not
Applicable
218   XXXXXX   XXXXXX   XXXXXX   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   A   No