MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM9 ABS-15G

Exhibit 99.2 - Schedule 1

 

 

Exception Grades
Run Date - 9/4/2026 2:51:58 PM
SitusAMC Loan ID Customer Loan ID Seller Loan ID Investor Loan Number Loan Exception ID Exception ID Exception Date Exception Type Exception Category Exception Subcategory 15E Category Exception Exception Detail Exception Information Compensating Factors Compensating Factor Information Applying Party Follow-up Comments Cleared Date Cured Date Waived Date Waived with Regrade Exception Level Grade DBRS Initial Exception Rating DBRS Final Exception Rating Fitch Initial Exception Rating Fitch Final Exception Rating Kroll Initial Exception Rating Kroll Final Exception Rating Moody's Initial Exception Rating Moody's Final Exception Rating S&P Initial Exception Rating S&P Final Exception Rating Note Date Property State Occupancy Purpose Exception Remediation Overall
Initial Loan Grade
Overall
Final Loan Grade
Credit
Initial Loan Grade
Credit
Final Loan Grade
Compliance
Initial Loan Grade
Compliance
Final Loan Grade
Property
Initial Loan Grade
Property
Final Loan Grade
Originator QM ATR Status TPR QM ATR Status Is Curable
[Redact] 10147479 [Redact] [Redact] 35700066     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-03-05): Waived on Rate Lock: Collateral cleared by Custodian
03/05/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B A A C B C A Exempt from ATR Exempt from ATR No
[Redact] 10147479 [Redact] [Redact] 35935048     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%).         Reviewer Comment (2026-03-02): Client elected to waive the condition on the Non-QM 1st lien
    03/02/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B A A C B C A Exempt from ATR Exempt from ATR Yes
[Redact] 10147479 [Redact] [Redact] 35935776     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - High Cost and Higher Priced as Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more high cost and one or more HPML thresholds.  Additional compliance testing required to determine if loan would be a compliant or non-compliant HPML. Initial 1003 says borrower would occupy the subject as a primary residence.  The loan failed High Cost testing when tested as a primary residence due to the HOEPA fees of $[Redacted] exceeded the max by $[Redacted].       Reviewer Comment (2026-05-28): Client elected to waive the condition


Reviewer Comment (2026-05-28): Regraded to [Redacted] based on borrower attestation of error and the loan is further exempt from all high-cost testing.


Seller Comment (2026-05-28): [Redacted] - [Redacted]: Please see the signed letter from the borrower addressing the clerical error that was made on their initial loan application and verification of their primary residence.


Reviewer Comment (2026-05-11): The disclosure provided will not allow the condition to be downgraded.  An Attestation from the borrower, identifying the error on the initial 1003 and verifying the occupancy of Investment, is required.  Conditions remain


Seller Comment (2026-05-08): [Redacted] - [Redacted]: Please see the attached loan quality disclosure that was signed at closing. The borrower confirmed their intention to utilize the subject as an investment property.


Reviewer Comment (2026-04-09): This condition is valid based on the declarations section of the initial 1003 ([Redacted]), for the subject property, identifying the borrower would occupy the subject as a primary residence.  Due to the disparity in occupancy, the loan is tested as a primary residence and when tested the loan failed the High-Cost testing.  Proof of the undiscounted rate and price to determine if any of the discount points are bona fide OR an attestation from the BORROWER identifying the declarations section of the initial 1003 was a clerical error and the property was not intended to be occupied as a primary residence is required.  Condition is valid and remains open


Seller Comment (2026-04-08): The borrower's identification corresponds to [Redacted], rather than [Redacted]. Both addresses are condominium units adjacent to each other. We possess two appraisals from separate independent appraisers confirming that the subject property is tenant-occupied.
    05/28/2026 Yes 2 C B C B C B C B C B   [Redact] Investment Refinance - Cash-out - Other   C B A A C B C A Exempt from ATR Exempt from ATR No
[Redact] 10147479 [Redact] [Redact] 35936296     Property Valuation General Property - Appraisal Property type is ineligible.   The property type differs between the two appraisals. One Appraisal reflects subject tis a [Redacted] story Condo and the other reflects [Redacted] story Condo. Provide a corrected appraisal for the incorrect appraisal.  Note: based on the photos of the appraisal, it appears [Redacted] stories is correct.  Therefore the appraisal with a report date of [Redacted] and an effective date of [Redacted] needs to be corrected.       Reviewer Comment (2026-04-13): Revised appraisal provided


Seller Comment (2026-04-10): [Redacted] - [Redacted]: Please see attached.
04/13/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B A A C B C A Exempt from ATR Exempt from ATR No
[Redact] 10154995 [Redact] [Redact] 35791329     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-03-02): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-02-27): Tracking Number [Redacted]
03/02/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10154995 [Redact] [Redact] 35922228     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted]business days prior to consummation. Verification appraisal was delivered to borrower was not provided.             02/26/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10154995 [Redact] [Redact] 35922229     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).         Reviewer Comment (2026-02-26): Client elected to waive the condition on the Non-QM [Redacted] lien
    02/26/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A C B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10154995 [Redact] [Redact] 35922232     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Credit report Fee was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2026-02-25): Sufficient Cure Provided At Closing
  02/25/2026   No 1 A A A A A A A A A A   [Redact] Investment Purchase Final CD evidences Cure C B C A C B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10154995 [Redact] [Redact] 35922268     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2026-02-27): E-consent provided


Seller Comment (2026-02-27): econsent
02/27/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10154995 [Redact] [Redact] 35925598     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - High Cost as Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more high cost thresholds. The initial [Redacted] identified the borrower would occupy the subject as a primary residence.  The loan failed the High-Cost testing due to the prepayment penalty of [Redacted]% for [Redacted] year, exceeds the max of [Redacted]% of the amount prepaid.  Note: the file contained a letter of explanation from the borrower identifying the borrower would not be occupying the subject property.       Reviewer Comment (2026-02-27): Client elected to waive the conbdition


Reviewer Comment (2026-02-27): Re-graded to [Redacted]- based on attestation from borrower and documentation in file indicating investment occupancy.
    02/27/2026 Yes 2 C B C B C B C B C B   [Redact] Investment Purchase   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10106965 [Redact]   35924893     Credit Hazard Insurance Insufficient Coverage Hazard Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage is insufficient by $[Redacted] Provide updated policy reflecting minimum coverage of $[Redacted] OR provide copy of insurer's replacement cost estimate supporting current coverage amount.       Reviewer Comment (2026-03-23): Replacement cost is higher than the loan amount and dwelling. Exception cleared.


Seller Comment (2026-03-20): The EOI states policy is replacement cost; Furthermore the coverage is within [Redacted]% of the amount listed, this should be cleared.
03/23/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
[Redact] 10160530 [Redact] [Redact] 35845521     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-12): Waived on Rate Lock: Collateral cleared by Custodian
05/12/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Rate/Term   A A A A A A A A Non QM Non QM No
[Redact] 10160530 [Redact] [Redact] 36257681     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-04-08): Sufficient Cure Provided At Closing
  04/08/2026   No 1 A A A A A A A A A A   [Redact] Primary Refinance - Rate/Term Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10160530 [Redact] [Redact] 36257682     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-04-08): Sufficient Cure Provided At Closing
  04/08/2026   No 1 A A A A A A A A A A   [Redact] Primary Refinance - Rate/Term Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10163295 [Redact] [Redact] 35861946     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-18): Waived on Rate Lock: Collateral cleared by Custodian
05/18/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Limited Cash-out GSE   B B A A B B A A Non QM Non QM No
[Redact] 10163295 [Redact] [Redact] 36416789     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] versus an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-05-08): Client elected to waive the condition on the Non-QM 1st lien
    05/08/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Limited Cash-out GSE LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10303809 [Redact] [Redact] 35868449     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-05): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-01): [Redacted]Tracking Number [Redacted]
05/05/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Rate/Term   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10176985 [Redact] [Redact] 35872451     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-04-21): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-04-17): Tracking Number [Redacted]
04/21/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redact] 10176985 [Redact] [Redact] 36292349     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   The file was missing a copy of the final title policy.       Reviewer Comment (2026-05-04): Final title provided
05/04/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redact] 10176985 [Redact] [Redact] 36292372     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Tax and Insurance Verification was not provided.       Reviewer Comment (2026-04-20): Received and associated Tax certificate, HOA Verification. Exception cleared.


Seller Comment (2026-04-17): taxes; land only and HOI not required. HOA associated with the land and uploaded
04/20/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redact] 10176985 [Redact] [Redact] 36294443     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Taxpayer Identification Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-04-16): Sufficient Cure Provided At Closing
  04/16/2026   No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
[Redact] 10176985 [Redact] [Redact] 36295746     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Refinance purpose discrepancy.   The loan was delivered as a Rate/Term refinance; however the final CD identified a pay off to the borrowers for $[Redacted] which is considered cash out.  Provide a revised 1008 identifying the refinance purpose of cash out.  Note: it appears the payoff is for reimbursements to the borrowers for construction costs, but this is not eligible to not be included on a rate/term refinance and is considered cash out.       Reviewer Comment (2026-05-04): Revised 1003 and 1008 provided correcting the loan purpose


Seller Comment (2026-05-01): Confirmed and requesting exception to change to C/O refi transaction. 1008 and 1003 uploaded
05/04/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redact] 10176985 [Redact] [Redact] 36296345     Credit Loan Package Documentation Closing / Title Loan Package Documentation Lien Position: Unable to determine lien position from loan documents provided.   Per the title commitment, there was a mortgage on the property originated on [Redacted] for $[Redacted].  The mortgage paid off at closing was significantly less and paid to another company.  Unable to determine these are one and the same.  A copy of the final title policy identifying the subject lien as the only lien on title or other documentation identifying the lien on title is the same as the lien paid off is required.       Reviewer Comment (2026-05-04): Final title provided


Seller Comment (2026-05-04): please see the short form policy with the $[Redacted]deed was eliminated.
05/04/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redact] 10177969 [Redact] [Redact] 35906133     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-03-30): Waived on Rate Lock: Collateral cleared by Custodian
03/30/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10177969 [Redact] [Redact] 36143863     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-03-25): Sufficient Cure Provided At Closing
  03/25/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10195789 [Redact] [Redact] 35957191     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-03-30): Waived on Rate Lock: Collateral cleared by Custodian
03/30/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   C A A A C A A A Non QM Non QM No
[Redact] 10195789 [Redact] [Redact] 36083179     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2026-03-20): Received Appraisal Package and e-sign tracking with proof that both borrowers. Exception cleared.


Seller Comment (2026-03-19): [Redacted] Please see the attached Appraisal Package and e-sign tracking with proof that both borrowers were sent an Appraisal Package on [Redacted] and the mailbox rule was applied. This meets the [Redacted] business days before the closing date of [Redacted]


Seller Comment (2026-03-19): [Redacted] Please see the attached Appraisal Package and e-sign tracking with proof that both borrowers were sent an Appraisal Package on [Redacted]and the mailbox rule was applied. This meets the [Redacted] business days before the closing date of [Redacted]
03/20/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C A A A C A A A Non QM Non QM No
[Redact] 10195789 [Redact] [Redact] 36083180     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-03-20): Received Appraisal Package and e-sign tracking with proof that both borrowers. Exception cleared.


Reviewer Comment (2026-03-19): Required appraiser notice or proof of delivery for appraisal . Exception remains.


Seller Comment (2026-03-19): [Redacted] Please see the attached Appraisal Package and e-sign tracking with proof that both borrowers were sent an Appraisal Package on [Redacted] and the mailbox rule was applied. This meets the [Redacted] business days before the closing date of [Redacted]
03/20/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C A A A C A A A Non QM Non QM No
[Redact] 10196513 [Redact] [Redact] 35958202     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-04-29): Waived on Rate Lock: Collateral cleared by Custodian
04/29/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10196899 [Redact] [Redact] 35961466     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-12): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-09): attached
06/12/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C B B B A A Exempt from ATR Exempt from ATR No
[Redact] 10196899 [Redact] [Redact] 36633720     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-06-12): Client elected to waive the condition.


Seller Comment (2026-06-12): Lender is unable to obtain document hence why requesting clr as a [Redacted] and lender accepts finding


Reviewer Comment (2026-06-12): Document is required to clear this exception. Signed copy of "Right to Receive Copy of Appraisal" within the [Redacted] days of application date is required. Exception remains.


Seller Comment (2026-06-11): Lender accepts the finding as a [Redacted], pls clr


Reviewer Comment (2026-06-11): Signed copy of "Right to Receive Copy of Appraisal" within the [Redacted] days of application date is required. Exception remains.


Seller Comment (2026-06-09): lender accepts finding pls clr
    06/12/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   C B C B B B A A Exempt from ATR Exempt from ATR No
[Redact] 10196899 [Redact] [Redact] 36642587     Credit Credit Miscellaneous Guideline Credit Exception:   This loan is a cash-out refinance of an investment property that is currently vested in the borrower's trust and his wife's trust. The wife is not on the loan, which requires an exception to vest in her trust. Executed Client exception approval is missing from the loan file. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum.

Borrower has been employed in the same industry for more than [Redacted] years.

Borrower has owned the subject property for at least [Redacted] years.

Borrower has verified disposable income of at least $[Redacted].

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months.

The refinance has decreased the borrower's monthly debt payments by [Redacted]% or more.

The representative FICO score exceeds the guideline minimum by at least [Redacted] points.
DTI of [Redacted] where maximum is [Redacted] [Redact] ,Originator Pre-Close,Aggregator

[Redact]

[Redact]

[Redact]

[Redact]

[Redact]

[Redact] 
Reviewer Comment (2026-06-11): Client elected to waive the condition with the following Compensating Factors:
DTI of [Redacted] where maximum is [Redacted]
Credit Depth: [Redacted] years mortgage history [Redacted] years trade history paid as agreed
Landlord history for the subject dating back to [Redacted]- [Redacted] years


Seller Comment (2026-06-10): attached


Reviewer Comment (2026-06-04): A copy of the client's exception approval not the lenders/sellers approval is required.  Condition remains


Seller Comment (2026-06-03): ATTACHED
    06/11/2026 Yes 2 C B C B C B C B C B   [Redact] Investment Refinance - Cash-out - Other   C B C B B B A A Exempt from ATR Exempt from ATR No
[Redact] 10210303 [Redact] [Redact] 36065519     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-04-10): Waived on Rate Lock: Collateral cleared by Custodian
04/10/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10210303 [Redact] [Redact] 36238893     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-04-06): Sufficient Cure Provided At Closing
  04/06/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redact] 10210303 [Redact] [Redact] 36249707     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower was not provided.             04/07/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10215175 [Redact] [Redact] 36091369     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-14): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-12): [Redacted] Tracking Number [Redacted]
05/14/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   D B D A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10215175 [Redact] [Redact] 36403423     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted].       Reviewer Comment (2026-05-06): Client elected to waive the condition on the Non-QM 1st lien
    05/06/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. D B D A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10215175 [Redact] [Redact] 36406656     Credit Missing Document General Missing Document Incomplete Document: Note - Subject Lien is incomplete   [Redacted] for LLC was not signed by the Managing Member.       Reviewer Comment (2026-05-20): Fully executed Note provided


Seller Comment (2026-05-19): Note
05/20/2026     No 1 D A D A D A D A D A   [Redact] Investment Purchase   D B D A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10217187 [Redact] [Redact] 36102287     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-01): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-04-29): [Redacted]Tracking Number [Redacted]
05/01/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10217187 [Redact] [Redact] 36350069     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.             04/27/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10217187 [Redact] [Redact] 36351152     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not High Cost and Not Higher Priced The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). The borrower selected "yes" they will occupy the property as their primary residence in the declarations section of the initial 1003.             04/27/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10217187 [Redact] [Redact] 36352687     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - PUD not provided   The appraisal identified the subject as a PUD.  The file is missing a copy of the PUD Rider attached to the Deed of Trust. Provide a copy of the PUD Rider and proof that the DOT will be re-recorded with the rider.  If the subject is not a PUD, provide a revised appraisal correcting the property type.       Reviewer Comment (2026-05-29): Received PUD Rider and security instrument. Exception cleared.


Seller Comment (2026-05-28): Resigned DOT
05/29/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10218776 [Redact] [Redact] 36116280     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-18): Waived on Rate Lock: Collateral cleared by Custodian
05/18/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B B B A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10218776 [Redact] [Redact] 36424465     Credit Title Document Error Title The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.             05/08/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B B B A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10221390 [Redact] [Redact] 36140921     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-04): Waived on Rate Lock: Collateral cleared by Custodian
05/04/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B C B A A A A Non QM Non QM No
[Redact] 10221390 [Redact] [Redact] 36360991     Credit Title Document Error Title The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary Title Policy is within [Redacted] and does not reflect a coverage amount (no Final Title Policy in file). Unable to determine if appropriate coverage is provided.             04/29/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   C B C B A A A A Non QM Non QM No
[Redact] 10221390 [Redact] [Redact] 36361011     Credit Missing Document General Missing Document Missing Document: Relationship Letter not provided   Relationship Letter was not found in file.  The declarations section of the final 1003, 5a.B, identified the borrower has a family relationship or business affiliation with the seller of the property.       Reviewer Comment (2026-05-06): Received and associated updated 1003. Exception cleared.


Seller Comment (2026-05-06): [Redacted] [Redacted]: please see the attached documentation. I've attached the updated 1003 with the familial relationship corrected.


Reviewer Comment (2026-05-04): If there is not a family relationship or business affiliation with the seller of the property, a corrected 1003 is required.  The condition was set based on the declarations section of the final 1003.  Condition is valid and remains open


Seller Comment (2026-05-04): [Redacted] [Redacted]: please note that per the Bank Statement [Redacted] guidelines that were provided, a relationship letter isn't required to confirm the relationship. Per the guidelines, the relationship must be disclosed clearly, the property must be a primary, and we must make sure that there aren't any additional risk factors present. Based on the documentation, we have the relationship clearly documented, the borrower is purchasing a primary, and we have no additional red flags present within the loan. Additionally, the relationship was addressed by the appraiser to ensure the marketability and value has been accurately addressed. Currently we have all requirements met on the transaction for non-arms length.


Reviewer Comment (2026-05-04): Received an appraisal stating transaction between friends, however we require separate relationship letter. Exception Remains.


Seller Comment (2026-05-01): [Redacted] [Redacted]: Please see the attached documentation. The appraisal provided supports the relationship between the buyer and the seller. Documentation was provided to support the non-arm's length relationship.
05/06/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C B A A A A Non QM Non QM No
[Redact] 10194520 [Redact]   36164865     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-03-26): Sufficient Cure Provided At Closing
  03/26/2026   No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10222849 [Redact] [Redact] 36151242     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-04-24): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-04-23): Tracking Number [Redacted]
04/24/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10222849 [Redact] [Redact] 36321148     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2026-04-28): Received and associated E-Sign Consent Agreement. Exception cleared.


Seller Comment (2026-04-27): please see attached econsent
04/28/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10222849 [Redact] [Redact] 36321204     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Copy of insurance verification and Tax verification is missing.       Reviewer Comment (2026-05-04): please see doc [Redacted] for [Redacted] tax return showing borrower as no owner\partner to [Redacted], business account that pays [Redacted] lien


Seller Comment (2026-05-01): please see doc [Redacted] for [Redacted] tax return showing borrower as no owner\partner to [Redacted], business account that pays [Redacted] lien


Reviewer Comment (2026-04-30): Lender rebuttal reviewed.  The bank statements do not confirm that the borrower is not on the [Redacted] lien nor do they confirm that the borrower is not an owner in the [Redacted] the bank statements identifying the payments were made from.  A copy of the mortgage statement on the first identifying the borrower is not responsible is required to include only the HELOC payment in the REO expenses.


Seller Comment (2026-04-29): please see attached investor memo, borrower is not on reo [Redacted] liens


Reviewer Comment (2026-04-28): The provided bank statement is insufficient to verify the monthly payments, the associated property address, or whether the payments are escrowed. Additionally, per the final 1003, property [Redacted] do not reflect monthly insurance, tax, or HOA amounts. To determine whether this property is escrowed, please provide the Closing Disclosure (CD) or mortgage statements for the property, or submit tax and insurance documentation for verification. Exception Remains


Seller Comment (2026-04-27): please see attached bank statements.  [Redacted] New Lots paid by husband's business
05/04/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10222849 [Redact] [Redact] 36321212     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Copy of Insurance Verification is missing.       Reviewer Comment (2026-05-04): please see doc [Redacted] for [Redacted] tax return showing borrower as no owner\partner to [Redacted], business account that pays [Redacted] lien


Seller Comment (2026-05-01): please see doc [Redacted] for [Redacted] tax return showing borrower as no owner\partner to [Redacted], business account that pays [Redacted] lien


Reviewer Comment (2026-04-30): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Insurance Verification
Insurance Verification


Reviewer Comment (2026-04-30): Lender rebuttal reviewed.  The bank statements do not confirm that the borrower is not on the [Redacted] lien nor do they confirm that the borrower is not an owner in the [Redacted] the bank statements identifying the payments were made from.  A copy of the mortgage statement on the first identifying the borrower is not responsible is required to include only the HELOC payment in the REO expenses.

Note: the file is still missing proof of the REO expenses (taxes and insurance) and proof the borrower is not responsible for the mortgage for the REO located at [Redacted].


Seller Comment (2026-04-29): please see attached investor memo, borrower is not on reo [Redacted] liens


Reviewer Comment (2026-04-28): The provided bank statement is insufficient to verify the monthly payments, the associated property address, or whether the payments are escrowed. Additionally, per the final 1003, properties [Redacted] and [Redacted], do not reflect monthly insurance, tax, or HOA amounts. To determine whether these properties are escrowed, please provide the Closing Disclosure (CD) or mortgage statements for the respective properties, or submit tax and insurance documentation for verification. Exception Remains


Seller Comment (2026-04-27): please see attached bank statements.  [Redacted] New Lots paid by husband's business
05/04/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10222849 [Redact] [Redact] 36321248     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%).       Reviewer Comment (2026-04-22): Client elected to waive the condition on the Non-QM 1st lien
    04/22/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10222849 [Redact] [Redact] 36393341     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Upon further review, the final 1003 identified the REO with no mortgage payment or expenses.  Unable to determine if the borrower has ownership in the property.  Provide documentation to verify the PITIA or proof there is no ownership.  If there is no ownership, a revised 1003 removing the property from the REO section is required.       Reviewer Comment (2026-05-08): Revised 1003 provided


Seller Comment (2026-05-07): please see attached revised 1003 removing [Redacted], as borrower has no ownership


Reviewer Comment (2026-05-06): Received 1003, however property #[Redacted] [Redacted]  is still reflecting on the REO section, fraud report shows different owner name. A revised 1003 removing the property from the REO section is required in case borrower has no ownership on this property. Exception Remains.


Seller Comment (2026-05-05): please see attached 1003 & 1008.  removed 1st lien debts for reo's [Redacted], [Redacted]& [Redacted] [Redacted] as the borrower is not responsible for those debts, only HELOC accounts (as per agreed on cleared prior conditions).
05/08/2026     No 1   A   A   A   A   A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10223580 [Redact] [Redact] 36157664     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-04-23): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-04-07): See attached collateral package
04/23/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   D B C B D B A A Exempt from ATR Exempt from ATR No
[Redact] 10223580 [Redact] [Redact] 36236024     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Total cash-out discrepancy. HUD-1 total cash-out of ___ is greater than Guideline total cash-out of ___. Per the overlays with the client, the max allowable cash out is $[Redacted]. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%.

Borrower has been employed in the same industry for more than [Redacted] years.

Borrower has verified disposable income of at least $[Redacted].

Borrower has worked in the same position for more than [Redacted] years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more.

The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum.
- [Redacted]% LTV is [Redacted]% below max ([Redacted]%)

- Job Stability: [Redacted], and [Redacted] years self-employment in same business

- [Redacted]% DTI is [Redacted]% below max without consideration of rental income ([Redacted]%)
[Redact] ,Originator,Aggregator

Originator,Aggregator,[Redact]

[Redact]

[Redact]

[Redact]

Originator,Aggregator,[Redact] 
Reviewer Comment (2026-05-29): Client elected to waive the condition with the following Comp factors:
- [Redacted]% LTV is [Redacted]% below max ([Redacted]%)
- [Redacted]% DTI is [Redacted]% below max without consideration of rental income ([Redacted]%)
- Job Stability: [Redacted] and [Redacted] years self-employment in same business


Reviewer Comment (2026-04-23): Exception is valid and remains open.


Buyer Comment (2026-04-22): (Rate Lock) [Redacted] Credit Review Team denied exception request


Reviewer Comment (2026-04-08): Elevated to the client for review.  Lender exception approval for cash out exceeding the max provided.


Seller Comment (2026-04-08): We have a credit exception in the file for this. See attached


Reviewer Comment (2026-04-07): Per the client's overlays, the max cash out is $[Redacted].  The overlays trump the guidelines and are required to be met for the review.  The condition is valid and remains open


Seller Comment (2026-04-07): The LTV is less than [Redacted]% so this is allowed
    05/29/2026 Yes 2 C B C B C B C B C B   [Redact] Investment Refinance - Cash-out - Other   D B C B D B A A Exempt from ATR Exempt from ATR No
[Redact] 10223580 [Redact] [Redact] 36236868     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - High Cost as Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more high cost thresholds. The initial 1003 identified the borrower would occupy the subject as a primary residence.  The loan failed the High-Cost testing due to the prepayment penalty of [Redacted] months interest for [Redacted] year, exceeds the max of [Redacted]% of the amount prepaid.  In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required.       Reviewer Comment (2026-04-21): Borrower attestation provided identifying a clerical error on the 1003.  All other docs in file support the Investment occupancy.  Client elected to waive the condition.


Reviewer Comment (2026-04-21): Re-graded to [Redacted] based on attestation from borrower and documentation in file indicating investment occupancy, which would not be eligible for high cost or higher priced testing.


Seller Comment (2026-04-20): See attestation re: Clerical error regarding the occupancy


Reviewer Comment (2026-04-07): The only way to downgrade the condition is for an Attestation from the BORROWER(S) identifying the clerical error.  As-is, the condition is graded as an [Redacted] and ineligible for purchase.  Condition is valid and remains open


Seller Comment (2026-04-07): Please note this was not technically a borrower error but a data entry error.  The occupancy was corrected as evidenced by the final signed 1003 and the occupancy affidavit signed by the borrower. This is a business purpose loan, and this is not the borrower's primary address.
    04/21/2026 Yes 2 C B C B C B C B C B   [Redact] Investment Refinance - Cash-out - Other   D B C B D B A A Exempt from ATR Exempt from ATR No
[Redact] 10223580 [Redact] [Redact] 36246096     Compliance Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete HUD-1 Missing Document: HUD-1 Addendum not provided   The file is missing the fully executed HUD.  The HUD in file was not executed.       Reviewer Comment (2026-04-09): Fully executed closing statement provided


Seller Comment (2026-04-08): See attached
04/09/2026     No 1 D A D A D A D A D A   [Redact] Investment Refinance - Cash-out - Other   D B C B D B A A Exempt from ATR Exempt from ATR No
[Redact] 10224686 [Redact] [Redact] 36162976     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-26): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-21): [Redacted] Tracking Number [Redacted]
05/26/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10224686 [Redact] [Redact] 36572054     Credit Collateral Missing/Incorrect Collateral Collateral report shows issues with Note.   Mortgagor Name(s) does not agree with Schedule SCH: [Redacted]            NOTE: [Redacted]       Buyer Comment (2026-05-26): Waived on Rate Lock: Collateral cleared by Custodian
05/26/2026     No 1   A   A   A   A   A   [Redact] Investment Refinance - Cash-out - Other   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10224687 [Redact] [Redact] 36163075     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-21): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-19): [Redacted] Tracking Number [Redacted]
05/21/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10225324 [Redact] [Redact] 36169003     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-21): Waived on Rate Lock: Collateral cleared by Custodian
05/21/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10225324 [Redact] [Redact] 36504068     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file was missing a copy of HOA Verification or other documentation to verify the additional $[Redacted] per month disclosed on the final 1003.  Note: the mortgage statement verified the loan was escrowed for taxes and insurance.       Reviewer Comment (2026-05-19): Received updated 1003 and 1008. Exception cleared.


Seller Comment (2026-05-18): [Redacted] - [Redacted] : Please see attached. The open lien report confirms HOA dues are not applicable for [Redacted]. The additional payment of $[Redacted] listed on the 1003 are the combined monthly payments for taxes and insurance.


Seller Comment (2026-05-18): [Redacted] - [Redacted]: Please see attached. The open lien report confirms HOA dues are not applicable for [Redacted] The additional payment of $[Redacted] listed on the 1003 are the combined monthly payments for taxes and insurance.
05/19/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10225324 [Redact] [Redact] 36504124     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-15): Sufficient Cure Provided At Closing
  05/15/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redact] 10226006 [Redact] [Redact] 36170969     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-07): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-05): [Redacted] tracking [Redacted]
05/07/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10226006 [Redact] [Redact] 36368783     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.             04/30/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10226006 [Redact] [Redact] 36368784     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-04-30): Client elected to waive the condition on the Non-QM 1st lien
    04/30/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10226006 [Redact] [Redact] 36379413     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation verifying the HOA dues for the REO.  Per the final 1003, there are other expenses of $[Redacted] per month included in the PITIA.       Reviewer Comment (2026-05-06): Received updated 1003 with removal of the HOA amount. Exception Cleared.


Seller Comment (2026-05-05): please see attached 1003 for reo pitia
05/06/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10226006 [Redact] [Redact] 36379423     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation verifying the PITIA for the REO. Per the final 1003, it appears the borrowers refinanced or purchased the property simultaneously with the subject. A copy of the Closing Disclosure verifying the PITIA is acceptable.       Reviewer Comment (2026-05-07): Proof of the PITIA provided


Seller Comment (2026-05-07): please see attached for $[Redacted] HOA on reo [Redacted]


Reviewer Comment (2026-05-06): Received updated 1003 non-escrow amount is removed on the REO section; however, the non-escrow amount is showing $[Redacted] on CD. Please provide the documentation if the borrower is paying the non-escrow amount. Exception Remains.


Seller Comment (2026-05-05): [Redacted] [Redacted] uploaded please see attached 1003 for reo [Redacted]


Reviewer Comment (2026-05-04): Received CD, however no -escrow amount is showing $[Redacted]. Please provide the proof of document. Exception Remains.


Seller Comment (2026-05-01): please see attached reo cd
05/07/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10226006 [Redact] [Redact] 36379429     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation verifying the PITIA for the REO. Per the final 1003, it appears the borrowers refinanced or purchased the property simultaneously with the subject. A copy of the Closing Disclosure verifying the PITIA is acceptable.       Reviewer Comment (2026-05-07): Proof of the PITIA provided


Seller Comment (2026-05-07): apologies, please see attached revised 1003 with duplicate taxes and insurance removed


Reviewer Comment (2026-05-06): Received updated 1003 shows other expenses $[Redacted]. Tax and insurance are escrowed. Please provide the proof of expenses for $[Redacted]. Exception Remains.


Seller Comment (2026-05-05): please see attached copy of final cd for reo refi [Redacted], just closed on [Redacted]
05/07/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10226005 [Redact] [Redact] 36171071     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-14): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-12): [Redacted] Tracking Number [Redacted]
05/14/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10226005 [Redact] [Redact] 36432132     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-05-11): Client elected to waive the condition on the Non-QM 1st lien
    05/11/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10226005 [Redact] [Redact] 36437168     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Per the final 1003, it appears the REO was simultaneously purchased/refinanced with the subject.  The file is missing proof of the PITIA.  Note: the final CD is sufficient to verify the PITIA and clear the condition.       Reviewer Comment (2026-05-14): Received CD and HOA verification. Exception cleared.


Seller Comment (2026-05-13): CD with payment info and appraisal with HOA info; not loan closed after subject closing.
05/14/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10226005 [Redact] [Redact] 36437182     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Per the final 1003, it appears the REO was simultaneously purchased/refinanced with the subject.  The file is missing proof of the PITIA.  Note: the final CD is sufficient to verify the PITIA and clear the condition.       Reviewer Comment (2026-05-14): Received Closing Disclosure. Exception cleared.


Seller Comment (2026-05-13): CD with payment info; however, loan closed after subject and payment can be omitted
05/14/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10226005 [Redact] [Redact] 36437187     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Per the final 1003, it appears the REO was simultaneously purchased/refinanced with the subject.  The file is missing proof of the PITIA.  Note: the final CD is sufficient to verify the PITIA and clear the condition.       Reviewer Comment (2026-05-18): Received updated 1003. Exception cleared.


Seller Comment (2026-05-15): Corrected mortgage payment reducing the mortgage payment and left the $[Redacted] to support HOA.


Reviewer Comment (2026-05-14): Received CD showing PITI $[Redacted] and HOA verified $[Redacted], however 1003 is showing additional expenses as $[Redacted], total 1003 showing expenses $[Redacted]. Please provide the proof of document for additional $[Redacted] or in case the amount updated mistakenly provide the corrected 1003. Exception Remains.


Seller Comment (2026-05-13): CD for payment and appraisal for HOA
05/18/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10226005 [Redact] [Redact] 36443926     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the HOA dues of $[Redacted] identified on the final 1003.       Reviewer Comment (2026-05-14): Received HOA Verification. Exception cleared.


Seller Comment (2026-05-13): HOA
05/14/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10226005 [Redact] [Redact] 36443940     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the $[Redacted] expenses for the REO.       Reviewer Comment (2026-05-22): HOI verification provided


Seller Comment (2026-05-21): HOI


Reviewer Comment (2026-05-18): Please provide the LOE from borrower to confirm whether borrower is paying insurance or not. if borrower is paying provide the HOI. Exception Remains.


Seller Comment (2026-05-15): property is free and clear and insurance is not required


Reviewer Comment (2026-05-14): Received tax verification. Please provide the LOE from borrower to confirm whether borrower is paying insurance or not. if borrower is paying provide the HOI. Exception Remains.


Seller Comment (2026-05-13): tax info
05/22/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10226009 [Redact] [Redact] 36171095     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-08): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-05): [Redacted] Tracking Number [Redacted]
05/08/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10226009 [Redact] [Redact] 36387932     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%). FNMA Points and Fees on the subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the original loan amount and $[Redacted] ([Redacted]). FNMA Finance Charge totals $[Redacted] on an original loan amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted].       Reviewer Comment (2026-05-04): Client elected to waive the condition on the Non-QM 1st lien
    05/04/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A C B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10226009 [Redact] [Redact] 36391164     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - High Cost as Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more high cost thresholds. The initial 1003 identified the co-borrower would occupy the subject as a primary residence.  The loan failed the High-Cost testing due to the prepayment penalty of [Redacted]% for [Redacted] years, exceeds the max of [Redacted]% of the amount prepaid.  In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required.       Reviewer Comment (2026-05-19): Client elected to waive the condition


Reviewer Comment (2026-05-19): Re-graded to EV2-B based on attestation from borrower and documentation in file indicating investment occupancy, which would not be eligible for high cost or higher priced testing.


Seller Comment (2026-05-18): LOX


Reviewer Comment (2026-05-11): Rebuttal reviewed,  In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is the only documentation acceptable.  Condition remains


Seller Comment (2026-05-11): Final 1003 for the co-borrower reflected "no" to occupancy. Please see the encompass screen shot that reflected the 1003 was inadvertently updated from No to Yes and later corrected to No.
    05/19/2026 Yes 2 C B C B C B C B C B   [Redact] Investment Purchase   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10226009 [Redact] [Redact] 36391231     Credit Guideline Guideline Issue Guideline Missing required Transcript (1040) or W-2 Transcript. -         Reviewer Comment (2026-05-11): Transcripts provided


Seller Comment (2026-05-11): tax transcripts supporting SSI and pension history
05/11/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10227356 [Redact] [Redact] 36177342     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-04): Waived on Rate Lock: Collateral cleared by Custodian
05/04/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10228302 [Redact] [Redact] 36178779     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-06): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-04): [Redacted] Tracking Number [Redacted]
05/06/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   D B A A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10228302 [Redact] [Redact] 36386868     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2   Loan is to be securitized. Secondary valuation is missing.       Reviewer Comment (2026-05-11): Received CDA. Exception cleared.


Seller Comment (2026-05-08): CDA
05/11/2026     No 1 D A D A D A D A D A   [Redact] Investment Refinance - Cash-out - Other   D B A A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10228302 [Redact] [Redact] 36386900     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted].       Reviewer Comment (2026-05-01): Client elected to waive the condition on the Non-QM 1st lien
    05/01/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. D B A A B B D A Exempt from ATR Exempt from ATR Yes
[Redact] 10228304 [Redact] [Redact] 36179041     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-04-27): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-04-24): Tracking Number [Redacted]
04/27/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10228304 [Redact] [Redact] 36327930     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%).         Reviewer Comment (2026-04-27): Client elected to waive the condition on the Non-QM 1st lien


Seller Comment (2026-04-24): please confirm and clarify calculation.
    04/27/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10228304 [Redact] [Redact] 36327941     Credit Hazard Insurance Insufficient Coverage Hazard Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage is insufficient by $[Redacted]. Provide updated policy reflecting minimum coverage of $[Redacted] OR provide copy of insurer's replacement cost estimate supporting current coverage amount.       Reviewer Comment (2026-04-27): Received Replacement Cost Estimator. Exception cleared.


Seller Comment (2026-04-24): replacement cost calc
04/27/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10228650 [Redact] [Redact] 36188301     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-04-15): Waived on Rate Lock: Collateral cleared by Custodian
04/15/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B C A B B A A Non QM Non QM No
[Redact] 10228650 [Redact] [Redact] 36265258     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   The file was missing a copy of the final title policy.       Reviewer Comment (2026-04-17): Final title provided
04/17/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B C A B B A A Non QM Non QM No
[Redact] 10228650 [Redact] [Redact] 36265295     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] versus an investor allowable total of $[Redacted].       Reviewer Comment (2026-04-13): Client elected to waive the condition on the Non-QM 1st lien
    04/13/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Non QM Non QM Yes
[Redact] 10228650 [Redact] [Redact] 36277718     Credit Title Document Error Title The Commitment or Preliminary title policy does not reflect a coverage amount (no final title policy in file). Unable to determine if appropiate coverage is provided.           Reviewer Comment (2026-04-17): Final title provided


Seller Comment (2026-04-16): Please See attached title policy.
04/17/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C A B B A A Non QM Non QM No
[Redact] 10228650 [Redact] [Redact] 36301155     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to a FEMA disaster.   Upon further review, it has been identified that the property was located in a FEMA Disaster Area.  Provide a post-disaster inspection dated on or after [Redacted] confirming no damage to the property.       Reviewer Comment (2026-05-12): PDI provided


Seller Comment (2026-05-12): PDI attached
05/12/2026     No 1   A   A   A   A   A   [Redact] Primary Purchase   C B C A B B A A Non QM Non QM No
[Redact] 10231006 [Redact] [Redact] 36197866     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-07): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-04): [Redacted] Tracking Number [Redacted]
05/07/2026     No 1 A A A A A A A A A A   [Redact] Second Home Purchase   C A C A A A A A Non QM Non QM No
[Redact] 10231006 [Redact] [Redact] 36387821     Credit Documents Missing Document Documents File does not contain documentation from lender/seller confirming the condo is warrantable. - The file is missing documentation from the seller confirming the condo is warrantable.  Note: the HOA questionnaire in file from the HOA is not acceptable.       Reviewer Comment (2026-05-06): Lender's project review provided


Seller Comment (2026-05-06): please see attached condo cert
05/06/2026     No 1 C A C A C A C A C A   [Redact] Second Home Purchase   C A C A A A A A Non QM Non QM No
[Redact] 10231009 [Redact] [Redact] 36198075     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-04-24): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-04-21): Tracking Number [Redacted]
04/24/2026     No 1 A A A A A A A A A A   [Redact] Second Home Purchase   D B A A B B D A Non QM Non QM No
[Redact] 10231009 [Redact] [Redact] 36304230     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2   The file is missing a copy of the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-27): Received CDA. Exception cleared.


Seller Comment (2026-04-24): please see attached CDA report
04/27/2026     No 1 D A D A D A D A D A   [Redact] Second Home Purchase   D B A A B B D A Non QM Non QM No
[Redact] 10231009 [Redact] [Redact] 36310674     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not High Cost and Not Higher Priced The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Second Home). The declarations section of the initial 1003 for the co-borrower identified the property would be occupied as a primary residence.             04/20/2026 No 2 B B B B B B B B B B   [Redact] Second Home Purchase   D B A A B B D A Non QM Non QM No
[Redact] 10231730 [Redact] [Redact] 36205609     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-11): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-11): [Redacted] is tracking for Note sent to custodian.  Please clear.
05/11/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10231730 [Redact] [Redact] 36315777     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).         Reviewer Comment (2026-04-23): Client elected to waive the condition on the Non-QM 1st lien
    04/23/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10232082 [Redact] [Redact] 36207754     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-21): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-19): [Redacted] Tracking Number [Redacted]
05/21/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10232082 [Redact] [Redact] 36517765     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]).       Reviewer Comment (2026-05-18): Client elected to waive the condition on the Non-QM 1st lien
    05/18/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10232085 [Redact] [Redact] 36207822     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-18): Waived on Rate Lock: Collateral cleared by Custodian
05/18/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10232085 [Redact] [Redact] 36408007     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] versus an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).       Reviewer Comment (2026-05-06): Client elected to waive the condition on the Non-QM 1st lien
    05/06/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10232086 [Redact] [Redact] 36207981     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-04-22): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-04-21): Tracking Number [Redacted]
04/22/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10232086 [Redact] [Redact] 36297949     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the PITIA for the primary residence.  Per the 1003, it appears the seller closed a simultaneous loan with the borrower for the primary.  A copy of the final CD documenting the PITIA is acceptable.       Reviewer Comment (2026-04-21): Received and associated Closing disclosure. Exception cleared.


Seller Comment (2026-04-20): [Redacted] CD
04/21/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10232086 [Redact] [Redact] 36297951     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the PITIA for the REO.  Per the 1003, it appears the seller closed a simultaneous loan with the borrower for the REO.  A copy of the final CD documenting the PITIA is acceptable.       Reviewer Comment (2026-04-21): Received and associated Closing disclosure. Exception cleared.


Seller Comment (2026-04-20): [Redacted] CD
04/21/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10232086 [Redact] [Redact] 36297960     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the PITIA and the rental income for the REO.  Per the 1003, it appears the seller closed a simultaneous loan with the borrower for the REO.  A copy of the final CD documenting the PITIA is acceptable.       Reviewer Comment (2026-04-27): Received updated 1003 and 1008. Exception cleared.


Seller Comment (2026-04-24): updated 1008 and 1003 reflecting primary residence and payment correction


Reviewer Comment (2026-04-23): Rental income removed per the updated 1008 & 1003. However, 1008 is not included with primary residence first mortgage escrow amount $[Redacted], also the expenses are not consistence with the CD for the primary residence [Redacted], hence we are seeing difference in DTI. Please provide the corrected 1003 & 1008. Exception Remains.


Reviewer Comment (2026-04-23): 1008 is not included with primary residence first mortgage escrow amount $[Redacted], also the expenses are consistence with CD for the primary residence [Redacted], hence we are seeing difference in DTI. Please provide the corrected 1003 & 1008. Exception Remains.


Seller Comment (2026-04-22): rental income omitted and revise 1008 and 1003 provided


Reviewer Comment (2026-04-21): Received CD, please provide the lease agreement. Exception Remains.


Seller Comment (2026-04-20): [Redacted] CD
04/27/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10232086 [Redact] [Redact] 36297965     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the PITIA for the REO.  Per the 1003, it appears the seller closed a simultaneous loan with the borrower for the REO.  A copy of the final CD documenting the PITIA is acceptable.       Reviewer Comment (2026-04-21): Received and associated Closing disclosure. Exception cleared.


Seller Comment (2026-04-20): [Redacted] CD
04/21/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10232086 [Redact] [Redact] 36297995     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - PUD not provided   The appraisal identified the subject as a PUD.  The file is missing a copy of the PUD Rider attached to the Deed of Trust. Provide a copy of the PUD Rider and proof that the DOT will be re-recorded with the rider.  If the subject is not a PUD, provide a revised appraisal correcting the property type.       Reviewer Comment (2026-05-28): PUD Rider and re-recorded Deed of Trust provided


Seller Comment (2026-05-28): signed deed with rider
05/28/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10232086 [Redact] [Redact] 36298071     Credit Missing Document General Missing Document Incomplete Document: 1003 Final is incomplete   The final 1003 has conflicting information regarding the property identified as the primary residence.  The property identified on page 1 as the current address is identified as an Investment property in the REO section.  A different property is identified as the primary residence in the REO section.  Clarification or a corrected final 1003 is required.       Reviewer Comment (2026-04-27): Received updated 1003 and 1008. Exception cleared.


Seller Comment (2026-04-24): updated 1008 and 1003 reflecting primary residence and payment correction


Reviewer Comment (2026-04-23): Received 1003, the current address [Redacted]  is not matching with REO section information, property is showing as an 'investment'. The information on the 1st page and REO section is not the same which is contradicting for the address [Redacted]. Please provide the corrected 1003 with the proper primary residence information on the both page [Redacted] and the REO section. Exception remains.


Seller Comment (2026-04-22): Per the CD uploaded for the [Redacted] property, the property was located in [Redacted] and in a dry funding state. funds disbursed on [Redacted] or after the closing date and 1003 was accurate at the time of closing.


Reviewer Comment (2026-04-21): Please provide the corrected 1003 with the proper housing information. Exception Remains.


Seller Comment (2026-04-20): the previous primary located at [Redacted] became an investment property and the borrower purchased the [Redacted] as the primary.
04/27/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10232093 [Redact] [Redact] 36208306     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-04-24): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-04-23): Tracking Number [Redacted]
04/24/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10232093 [Redact] [Redact] 36315490     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the PITIA for the primary residence.       Reviewer Comment (2026-04-27): Received and associated Closing Disclosure. Exception cleared.


Seller Comment (2026-04-24): [Redacted] REO
04/27/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10232093 [Redact] [Redact] 36315492     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the PITIA for the REO.       Reviewer Comment (2026-04-27): Received and associated Closing Disclosure. Exception cleared.


Seller Comment (2026-04-24): reo doc
04/27/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10232093 [Redact] [Redact] 36315494     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the PITIA for the REO..       Reviewer Comment (2026-04-27): Received and associated Closing Disclosure. Exception cleared.


Seller Comment (2026-04-24): [Redacted] reo docs
04/27/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10232093 [Redact] [Redact] 36315498     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the PITIA for the REO.       Reviewer Comment (2026-04-29): Received and associated the Closing Disclosure, along with the corrected 1003 and 1008. Exception cleared.


Seller Comment (2026-04-28): updated 1003 with the mtg payment


Reviewer Comment (2026-04-28): An updated 1008 has been received; however, the 1003 has not been corrected. Please provide an updated 1003. Exception Remains.


Seller Comment (2026-04-27): borrower purchased the property simultaneously with a higher estimated payment and the final CD supported a lower payment. updated 1003 and 1008 provided


Reviewer Comment (2026-04-27): The received Closing Disclosure reflects a PITIA of $[Redacted] with escrow; however, the final 1003 reflects a PITIA of $[Redacted]. Please provide supporting documentation to substantiate the PITIA. Exception Remains.


Seller Comment (2026-04-24): [Redacted] CD
04/29/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10232093 [Redact] [Redact] 36326544     Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - The declarations section of the initial and final 1003 identified the borrower would occupy the subject as their primary residence.  Provide a revised final 1003 correcting the declarations section.       Reviewer Comment (2026-04-27): Received and associated Corrected 1003. Exception cleared.


Seller Comment (2026-04-24): corrected 1003
04/27/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10232093 [Redact] [Redact] 36326545     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not High Cost and Not Higher Priced The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). The declarations section of the initial and final 1003 identified the borrower would occupy the subject as their primary residence.             04/22/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10233170 [Redact] [Redact] 36216602     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-05): Waived on Rate Lock: Collateral cleared by Custodian
05/05/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B A A C B A A Non QM Non QM No
[Redact] 10233170 [Redact] [Redact] 36357642     Compliance Compliance Federal Compliance TRID Defect TRID Interim Closing Disclosure Timing Regular APR Change TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure issued on 04/09/2026 contains a change in APR and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation. Corrected Closing Disclosure issued on 04/09/2026 contains a change in APR and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation.       Reviewer Comment (2026-04-30): Re-disclosed CD provided


Seller Comment (2026-04-30): [Redacted]  Please see the attached initial Closing disclosure with the increased APR  from [Redacted]% to [Redacted]% that shows the borrower was sent the initial Closing Disclosure on [Redacted]and signed it on [Redacted]. This meets the [Redacted] business days before the closing date of [Redacted]
04/30/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
[Redact] 10233170 [Redact] [Redact] 36361096     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of 3.88075% is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total $8,085.83 on a Federal Total Loan Amount of $208,357.57 vs. an investor allowable total of $6,250.72 (an overage of $1,835.11 or .88075%).         Reviewer Comment (2026-04-28): Client elected to waive the condition on the Non-QM 1st lien
    04/28/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B A A C B A A Non QM Non QM Yes
[Redact] 10233169 [Redact] [Redact] 36216604     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-12): Waived on Rate Lock: Collateral cleared by Custodian
05/12/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redact] 10250041 [Redact] [Redact] 36240114     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-29): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-27): [Redacted] Tracking Number [Redacted]
05/29/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10250041 [Redact] [Redact] 36579105     Credit Income / Employment Income Documentation Income / Employment The verification of employment is required and was not found in file. -         Reviewer Comment (2026-05-29): Received VVOE. Exception cleared.


Seller Comment (2026-05-28): VVOE
05/29/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10250363 [Redact] [Redact] 36243750     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-25): Waived on Rate Lock: Collateral cleared by Custodian
05/25/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B C A C B A A Non QM Non QM No
[Redact] 10250363 [Redact] [Redact] 36547689     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   The file is missing documentation to source the last EMD of $[Redacted] made on [Redacted].  Unable to determine the account the funds were received from and statements in file were dated prior to the wire transfer date.       Reviewer Comment (2026-06-04): Received bank statements. Exception cleared.


Seller Comment (2026-06-03): [Redacted]: Please see the attached [Redacted] bank account ending in [Redacted] that has more than enough funds for closing. This account has $[Redacted] in the account.


Reviewer Comment (2026-05-26): Received bank transaction showing the EMD transferred to the title company. However we still have asset shortage. Final 1003 shows the account from [Redacted] with the balance of $[Redacted], most recent [Redacted] bank statement from [Redacted] bank #[Redacted]balance is showing $[Redacted]. Please provide the recent bank statement showing  $[Redacted] to cover the asset shortage. Exception remains.


Seller Comment (2026-05-22): [Redacted]: Please see attached asset documentation for the EMD
06/04/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C A C B A A Non QM Non QM No
[Redact] 10250363 [Redact] [Redact] 36547706     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   The file is missing documentation to source the last EMD of $[Redacted] made on [Redacted].  Unable to determine the account the funds were received from and statements in file were dated prior to the wire transfer date.       Reviewer Comment (2026-06-04): Updated statement provided verifying sufficient assets to close and reserves


Reviewer Comment (2026-06-04): On [Redacted] transactions are showing pending. Considered $[Redacted] for the account #[Redacted]. Final 1003 shows the account from [Redacted] #[Redacted]with the balance of $[Redacted], most recent[Redacted] bank statement from [Redacted] bank #[Redacted] balance is showing $[Redacted]. Please provide the recent bank statement showing $[Redacted] to cover the asset shortage. Exception remains.


Seller Comment (2026-06-03): [Redacted]: Please see the attached [Redacted] bank account ending in [Redacted] that has more than enough funds for closing. This account has $[Redacted] in the account.


Reviewer Comment (2026-05-26): Received bank transaction showing the EMD transferred to the title company. However, we still have asset shortage. Final 1003 shows the account from [Redact] #[Redacted] with the balance of $[Redacted], most recent [Redacted] bank statement from [Redacted] bank #[Redacted]balance is showing $[Redacted]. Please provide the recent bank statement showing $[Redacted] to cover the asset shortage. Exception remains.


Seller Comment (2026-05-22): [Redacted]: Please see attached asset documentation for the EMD
06/04/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C A C B A A Non QM Non QM No
[Redact] 10250363 [Redact] [Redact] 36547850     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). Points and fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] versus an investor allowable total of $[Redacted].       Reviewer Comment (2026-05-21): Client elected to waive the condition on the Non-QM 1st lien
    05/21/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A C B A A Non QM Non QM Yes
[Redact] 10250363 [Redact] [Redact] 36547851     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Originator loan designation of Non-QM does not match due diligence loan designation of ATR Risk.       Reviewer Comment (2026-06-04): Updated statement provided verifying sufficient assets to close and reserves


Seller Comment (2026-06-03): [Redacted]: Please see the attached [Redacted] bank account ending in [Redacted] that has more than enough funds for closing. This account has $[Redacted] in the account.
06/04/2026     No 1 B A C A B A C A B A   [Redact] Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
[Redact] 10250363 [Redact] [Redact] 36547852     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan does not meet one or more guideline components which could impact the borrower's ability to repay.       Reviewer Comment (2026-06-04): Updated statement provided verifying sufficient assets to close and reserves


Seller Comment (2026-06-03): [Redacted]: Please see the attached [Redacted] bank account ending in [Redacted] that has more than enough funds for closing. This account has $[Redacted] in the account.
06/04/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C A C B A A Non QM Non QM No
[Redact] 10250363 [Redact] [Redact] 36547855     Compliance Compliance State Compliance State HPML [Redact] HPML Threshold Test Non-Compliant [Redacted] Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%.  Non-Compliant Higher Priced Loan. APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-compliant Higher-Priced Loan.       Reviewer Comment (2026-05-22): Disclosure provided


Seller Comment (2026-05-22): [Redacted] Please see attached Anti-Steering Disclosure
05/22/2026     No 1 B A B A B A B A B A   [Redact] Primary Purchase   C B C A C B A A Non QM Non QM No
[Redact] 10250363 [Redact] [Redact] 36547857     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Zero percent fee tolerance exceeded for loan origination fee. Fee amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-05-27): [Redacted] received detailed COC and rebuttal comment suffice.


Seller Comment (2026-05-22): [Redacted] On [Redacted] the borrower requested to change to Borrower paid Comp to reduce discount points causing pricing to go from [Redacted]% or $[Redacted] to [Redacted]% or $[Redacted]. On [Redacted] a Closing disclosure went out to the borrower to redisclose the change in rate. Please see attached Closing disclosures, rate lock confirmation forms, and Change of Circumstance form.
05/27/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
[Redact] 10250363 [Redact] [Redact] 36552406     Compliance Compliance State Compliance State HPML (State HPML Disclosure) [Redact] Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) [Redacted] Higher-Priced Mortgage Loan:  Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. [Redacted] HPML Disclosure.       Reviewer Comment (2026-05-22): Disclosure provided


Seller Comment (2026-05-22): [Redacted] Please see attached Anti-Steering Disclosure
05/22/2026     No 1 B A B A B A B A B A   [Redact] Primary Purchase   C B C A C B A A Non QM Non QM No
[Redact] 10255678 [Redact] [Redact] 36259519     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-02): Waived on Rate Lock: Collateral cleared by Custodian
06/02/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Limited Cash-out GSE   B B B B A A A A Exempt from ATR Exempt from ATR No
[Redact] 10255678 [Redact] [Redact] 36517757     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file.             05/18/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Limited Cash-out GSE   B B B B A A A A Exempt from ATR Exempt from ATR No
[Redact] 10256253 [Redact] [Redact] 36262694     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-08): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-05): (Rate Lock) [Redacted]
05/08/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10256253 [Redact] [Redact] 36387497     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.             05/04/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10256677 [Redact] [Redact] 36264366     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-29): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-27): [Redacted] Tracking Number [Redacted]
05/29/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10257351 [Redact] [Redact] 36269614     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-04): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-01): [Redacted] Tracking Number [Redacted]
05/04/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   D B C A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10257351 [Redact] [Redact] 36367690     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.               04/30/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   D B C A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10257351 [Redact] [Redact] 36367691     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%).         Reviewer Comment (2026-04-30): Client elected to waive the condition on the Non-QM 1st lien
    04/30/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. D B C A B B D A Exempt from ATR Exempt from ATR Yes
[Redact] 10257351 [Redact] [Redact] 36367784     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2   The file was missing the Secondary Valuation required for securitization purposes.       Reviewer Comment (2026-05-11): Secondary valuation provided


Seller Comment (2026-05-11): CDA
05/11/2026     No 1 D A D A D A D A D A   [Redact] Investment Purchase   D B C A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10257351 [Redact] [Redact] 36367921     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Agreement is missing in the file.       Reviewer Comment (2026-05-05): E-consent provided


Seller Comment (2026-05-04): econsent
05/05/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   D B C A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10257351 [Redact] [Redact] 36374216     Credit Guideline Guideline Issue Guideline Aged document: Primary Valuation is older than guidelines permit - The appraisal is greater than [Redacted] days old at closing.  An update is required or a new appraisal.  Note: the file contained a 442 for the "subject to" repairs identified on the initial appraisal, but the 442 did not verify if the Market Value has declined since the effective date of the appraisal.       Reviewer Comment (2026-05-14): 442/Update provided


Seller Comment (2026-05-12): 1004D recert value
05/14/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   D B C A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10257386 [Redact] [Redact] 36270584     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-14): (Rate Lock) Per tracking [Redacted] the Note was delivered on [Redacted]
05/18/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B B B B B A A Non QM Non QM No
[Redact] 10257386 [Redact] [Redact] 36459012     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. The verification appraisal delivered to the borrower was not provided.             05/13/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B B B B B A A Non QM Non QM No
[Redact] 10257386 [Redact] [Redact] 36459015     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-12): Sufficient Cure Provided At Closing
  05/12/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B B B B B A A Non QM Non QM Yes
[Redact] 10257386 [Redact] [Redact] 36459016     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Service Charges.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-12): Sufficient Cure Provided At Closing
  05/12/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B B B B B A A Non QM Non QM Yes
[Redact] 10257386 [Redact] [Redact] 36459037     Credit Title Document Error Title The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary Title Policy is within [Redacted] and does not reflect a coverage amount (no Final Title Policy in file). Unable to determine if appropriate coverage is provided.             05/13/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B B B B B A A Non QM Non QM No
[Redact] 10259130 [Redact] [Redact] 36276469     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-03): Waived on Rate Lock: Collateral cleared by Custodian
06/03/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B C A C B A A Non QM Non QM No
[Redact] 10259130 [Redact] [Redact] 36604486     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-02): [Redacted] received a valid COC.


Seller Comment (2026-06-01): [Redacted]: Please see attached Rate Lock sheets and corresponding disclosure. On [Redacted] the lock was extended, affecting the LLPA, negative pricing of [Redacted] disclosed on the [Redacted] LE. Amount then decreased down to [Redacted], which does not require redisclosure.
06/02/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
[Redact] 10259130 [Redact] [Redact] 36604487     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA/Condo Questionnaire.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for HOA/Condo Questionnaire. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-02): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Seller Comment (2026-06-01): [Redacted]: A tolerance credit in the amount of $[Redacted] for the HOA/Planned Unit Dev/Condo Certification Fee was reflected on the final Closing Disclosure
06/02/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
[Redact] 10259130 [Redact] [Redact] 36609785     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).         Reviewer Comment (2026-05-29): Client elected to waive the condition on the Non-QM 1st lien
    05/29/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A C B A A Non QM Non QM Yes
[Redact] 10259130 [Redact] [Redact] 36625809     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Per the guidelines, 2 months statements are required.  The file only contained a printout for the account for the period [Redacted]-[Redacted].       Reviewer Comment (2026-06-02): Received and associated Bank statement. Exception cleared.


Seller Comment (2026-06-01): [Redacted] - [Redacted]: Please see the attached statement covering [Redacted] for [Redacted][Redacted]
06/02/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C A C B A A Non QM Non QM No
[Redact] 10259130 [Redact] [Redact] 36625844     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.         Reviewer Comment (2026-06-02): Received and associated Bank statement. Exception cleared.


Seller Comment (2026-06-01): [Redacted] - [Redacted]: Please see the attached statement covering [Redacted] for [Redacted][Redacted]
06/02/2026     No 1 B A C A B A C A B A   [Redact] Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
[Redact] 10259130 [Redact] [Redact] 36625850     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Assets used to qualify not documented to meet the guideline requirements.       Reviewer Comment (2026-06-02): Received and associated Bank statement. Exception cleared.


Seller Comment (2026-06-01): [Redacted] - [Redacted]: Please see the attached statement covering [Redacted] for [Redacted][Redacted]
06/02/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C A C B A A Non QM Non QM No
[Redact] 10259130 [Redact] [Redact] 36637407     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA/Condo Questionnaire.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-02): Sufficient Cure Provided At Closing
  06/02/2026   No 1   A   A   A   A   A   [Redact] Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
[Redact] 10259133 [Redact] [Redact] 36276521     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-12): Waived on Rate Lock: Collateral cleared by Custodian
05/12/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10259133 [Redact] [Redact] 36413245     Credit Guideline Guideline Issue Guideline Missing required Transcript (1040) or W-2 Transcript. - Missing required Transcript (1040) or W-2 Transcript.       Reviewer Comment (2026-05-14): Received W-2 transcript. Exception cleared.


Seller Comment (2026-05-13): For [Redacted]


Reviewer Comment (2026-05-12): Received transcript for [Redacted]. Please provide the W-2 Transcript for [Redacted]. Exception Remains.


Seller Comment (2026-05-11): attached
05/14/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10259133 [Redact] [Redact] 36414555     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-05-12): Proof of earlier receipt of the appraisal was provided
05/12/2026     No 1 B A B A B A B A B A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10259133 [Redact] [Redact] 36414556     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%.  Non-Compliant Higher Priced Mortgage Loan. The loan is Non-Compliant HPML due to the borrower did not receive a copy of the appraisal at least three business days prior to closing.  Documentation in file verified receipt on [Redacted] and the closing date is [Redacted].  The appraisal should have been provided to the borrower on or before [Redacted].       Reviewer Comment (2026-05-12): Proof of earlier receipt of the appraisal was provided


Seller Comment (2026-05-12): attached
05/12/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10259133 [Redact] [Redact] 36414557     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. The loan is Non-Compliant HPML due to the borrower did not receive a copy of the appraisal at least three business days prior to closing.  Documentation in file verified receipt on [Redacted] and the closing date is [Redacted].  The appraisal should have been provided to the borrower on or before [Redacted].       Reviewer Comment (2026-05-12): Proof of earlier receipt of the appraisal was provided
05/12/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10259133 [Redact] [Redact] 36415223     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Originator Loan Designation of Non-QM does not match Due Diligence Loan Designation of ATR Risk due to the lender qualified the loan without the payment for an installment debt, however, the file is missing proof the installment debt was paid off or has less than 10 payments.       Reviewer Comment (2026-05-12): Credit supplement provided verifying updated balance on installment loan excluded from the DTI
05/12/2026     No 1 B A C A B A C A B A   [Redact] Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
[Redact] 10259133 [Redact] [Redact] 36415224     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [Redacted](c)(5) of [Redacted]% moderately exceeds the guideline maximum of [Redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) The DTI exceeds the guideline max.  Note: the lender qualified the loan without the payment for an installment debt, however, the file is missing proof the installment debt was paid off or has less than 10 payments.       Reviewer Comment (2026-05-12): Credit supplement provided verifying updated balance on installment loan excluded from the DTI
05/12/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10259133 [Redact] [Redact] 36415243     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Calculated investor qualifying total debt ratio of [Redacted]% exceeds Guideline total debt ratio of [Redacted]% due to the lender qualified the loan without the payment for an installment debt, however, the file is missing proof the installment debt was paid off or has less than 10 payments.       Reviewer Comment (2026-05-12): Credit supplement provided verifying updated balance on installment loan excluded from the DTI


Seller Comment (2026-05-11): attached
05/12/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10259133 [Redact] [Redact] 36416051     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan does not meet one or more guideline components which could impact the borrower's ability to repay due to the lender qualified the loan without the payment for an installment debt, however, the file is missing proof the installment debt was paid off or has less than 10 payments.       Reviewer Comment (2026-05-12): Credit supplement provided verifying updated balance on installment loan excluded from the DTI
05/12/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10259273 [Redact] [Redact] 36277594     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-11): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-07): [Redacted] Tracking Number [Redacted]
05/11/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A A A C A A A Non QM Non QM No
[Redact] 10259273 [Redact] [Redact] 36409737     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Appraisal Fee was last disclosed as $[Redacted] on Loan Estimate but disclosed as $[Redacted] on Final Closing Disclosure. The file does not contain a valid Change of Circumstance for this fee, nor evidence of cure. Provide a post-close Closing Disclosure disclosing the tolerance cure to include $[Redacted], a copy of the refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2026-05-08): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Seller Comment (2026-05-07): please see pg [Redacted], section [Redacted], reflecting the $[Redacted] lender credit.
05/08/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
[Redact] 10259273 [Redact] [Redact] 36409748     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance was exceeded for Title - Wire / Funding / Disbursement Fee. The fee amount of $[Redacted] exceeds the tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-05-08): [Redacted] the fee are within tolerance limit.


Seller Comment (2026-05-07): please clarify, the wire fee was located under section C and subject to a tolerance of [Redacted]%; all title charges totaled $[Redacted]on the LE or $[Redacted] and the CD reflected $[Redacted]and within tolerance.
05/08/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
[Redact] 10259273 [Redact] [Redact] 36420946     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-08): Sufficient Cure Provided At Closing
  05/08/2026   No 1   A   A   A   A   A   [Redact] Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
[Redact] 10259274 [Redact] [Redact] 36277646     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-15): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-13): [Redacted] Tracking Number [Redacted]
05/15/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redact] 10259274 [Redact] [Redact] 36448731     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Insurance and HOA Verification missing for the property '[Redacted]'.       Reviewer Comment (2026-05-18): Received HOI. Exception cleared.


Seller Comment (2026-05-15): HOI


Reviewer Comment (2026-05-15): Received HOA verification. Please provide the Hazard insurance policy. Exception remains.


Seller Comment (2026-05-14): HOA docs
05/18/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redact] 10259799 [Redact] [Redact] 36281766     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-11): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-01): attached
05/11/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10259799 [Redact] [Redact] 36360599     Credit Income Income Error Income The Total Bank Statement Period months provided is less than the required # of Bank Statements required. - The bank statements used to calculate the income for account [Redacted] for months ending [Redacted], [Redacted], [Redacted] were not provided.       Reviewer Comment (2026-05-12): Received Bank statement account [Redacted]for months ending [Redacted], [Redacted], [Redacted]. Exception cleared.


Seller Comment (2026-05-11): attached


Reviewer Comment (2026-05-01): Additional copies of the business bank statements covering the periods [Redacted] and [Redacted] were provided.  The file is missing the statements for the months ending [Redacted], [Redacted], and [Redacted].  Condition is valid and remains open


Seller Comment (2026-05-01): ATTACHED
05/12/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10259799 [Redact] [Redact] 36362704     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - High Cost as Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more high cost thresholds. The initial 1003 identified the borrower would occupy the subject as a primary residence.  The loan failed the High-Cost testing due to the prepayment penalty of [Redacted] months interest for [Redacted] year, exceeds the max of [Redacted]% of the amount prepaid.  In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required.       Reviewer Comment (2026-05-21): Client elected to waive the condition


Reviewer Comment (2026-05-21): Re-graded to EV2-B based on attestation from borrower and documentation in file indicating investment occupancy, which would not be eligible for high cost or higher priced testing.


Seller Comment (2026-05-20): attached


Reviewer Comment (2026-05-11): A revised 1003 will not clear this condition.  The loan failed High Cost testing when tested as a primary residence.  In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required.  Condition is valid and remains open


Seller Comment (2026-05-11): attached
    05/21/2026 Yes 2 C B C B C B C B C B   [Redact] Investment Refinance - Cash-out - Other   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10259800 [Redact] [Redact] 36281846     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-01): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-04-29): [Redacted] Tracking Number [Redacted]
05/01/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10259800 [Redact] [Redact] 36356293     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements.               04/28/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10259800 [Redact] [Redact] 36356294     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.               04/28/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10259800 [Redact] [Redact] 36356295     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%).         Reviewer Comment (2026-04-28): Client elected to waive the condition on the Non-QM 1st lien
    04/28/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10260280 [Redact] [Redact] 36282986     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-27): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-22): [Redacted] Tracking Number [Redacted]
05/27/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10260280 [Redact] [Redact] 36557097     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not High Cost and Not Higher Priced The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). There is evidence on the initial 1003 that the borrower intends to occupy the property as their primary residence.             05/21/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10260280 [Redact] [Redact] 36558031     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the PITIA for the primary residence.       Reviewer Comment (2026-06-04): Proof of PITIA provided


Seller Comment (2026-06-04): updated [Redacted] payment on the 1003


Reviewer Comment (2026-06-03): Received updated 1008 and 1003, however provided 1003 mortgage payments are showing same as old 1003. please provide the updated 1003 showing  $[Redacted] to match the Final Closing Disclosure and first payment letter accurately. Exception remains.


Seller Comment (2026-06-02): revise 1008 and 1003


Reviewer Comment (2026-06-01): Per the Final 1003, the property located at [Redacted] reflects a monthly mortgage payment of $[Redacted]. However, the Final Closing Disclosure and first payment letter show a payment of $[Redacted]. A revised Final 1003 and 1008 are required to accurately reflect the correct monthly payment, or supporting documentation must be provided to account for the remaining difference of $[Redacted]. Exception remains.


Seller Comment (2026-05-29): first payment and final CD


Reviewer Comment (2026-05-28): Provided [Redacted] search does not show the property address. Please provide the property history report and the P&I expenses are included in DTI, to exclude the expenses provide the updated 1008 and 1003. Exception remains.


Seller Comment (2026-05-27): Property was sold on [Redacted], per [Redacted]
06/04/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10260649 [Redact] [Redact] 36283981     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-12): Waived on Rate Lock: Collateral cleared by Custodian
05/12/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10260649 [Redact] [Redact] 36397373     Credit Title Document Error Title The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary Title Policy is within [Redacted] and does not reflect a coverage amount (no Final Title Policy in file). Unable to determine if appropriate coverage is provided.             05/05/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10261135 [Redact] [Redact] 36291824     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-11): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-08): [Redacted] Tracking Number [Redacted]
05/11/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10263179 [Redact] [Redact] 36301724     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-05): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-04): (Rate Lock) [Redacted]
05/05/2026     No 1 A A A A A A A A A A   [Redact] Second Home Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10263399 [Redact] [Redact] 36304244     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-19): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-15): Note received on [Redacted]l- Tracking # [Redacted]l
05/19/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10263399 [Redact] [Redact] 36380144     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   The lender qualified with assets from a cryptocurrency based account, per the guidelines, cryptocurrency is not eligible for funds the down payment, closing costs, or reserves.  As a result, the funds to close and reserves were insufficient.       Reviewer Comment (2026-05-01): Clarification provided; only the cash ([Redacted]l) portion of the accounts were used to qualify.


Seller Comment (2026-05-01): Email from [Redacted] underwriting manager, pointing out we did not use crypto coin for anything. Underwriting only used the cash that was in the account, which is allowed.
05/01/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10263399 [Redact] [Redact] 36380147     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy.   The lender qualified with assets from a cryptocurrency based account, per the guidelines, cryptocurrency is not eligible for funds the down payment, closing costs, or reserves.  As a result, the funds to close and reserves were insufficient.       Reviewer Comment (2026-05-01): Clarification provided; only the cash ([Redacted]l) portion of the accounts were used to qualify.


Seller Comment (2026-05-01): Email from [Redacted] underwriting manager, pointing out we did not use crypto coin for anything. Underwriting only used the cash that was in the account, which is allowed.
05/01/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10263399 [Redact] [Redact] 36380148     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.         Reviewer Comment (2026-05-01): Clarification provided; only the cash ([Redacted]l) portion of the accounts were used to qualify.


Seller Comment (2026-05-01): Email from [Redacted] underwriting manager, pointing out we did not use crypto coin for anything. Underwriting only used the cash that was in the account, which is allowed.
05/01/2026     No 1 B A C A B A C A B A   [Redact] Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
[Redact] 10263399 [Redact] [Redact] 36380149     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. The lender qualified with assets from a cryptocurrency based account, per the guidelines, cryptocurrency is not eligible for funds the down payment, closing costs, or reserves.  As a result, the funds to close and reserves were insufficient.       Reviewer Comment (2026-05-01): Clarification provided; only the cash ([Redacted]l) portion of the accounts were used to qualify.


Seller Comment (2026-05-01): Email from [Redacted] underwriting manager, pointing out we did not use crypto coin for anything. Underwriting only used the cash that was in the account, which is allowed.
05/01/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10264126 [Redact] [Redact] 36308052     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-16): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-15): [Redacted]l Tracking Number [Redacted]l
06/16/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   D B C A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10264126 [Redact] [Redact] 36720900     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-06-12): Client elected to waive the condition on the Non-QM 1st lien
    06/12/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. D B C A B B D A Exempt from ATR Exempt from ATR Yes
[Redact] 10264126 [Redact] [Redact] 36720914     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2   Loan is to be securitized. Secondary valuation is missing.       Reviewer Comment (2026-06-22): Received and associated CDA. Exception cleared.


Seller Comment (2026-06-19): CDA


Reviewer Comment (2026-06-17): Available CDA is for different property #[Redacted]. Please provide the Secondary valuation for the subject property #[Redacted]. Exception remains.


Seller Comment (2026-06-16): Please see [Redacted]land cancel.
06/22/2026     No 1 D A D A D A D A D A   [Redact] Investment Refinance - Cash-out - Other   D B C A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10264126 [Redact] [Redact] 36723043     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Mortgage statement is not provided.       Reviewer Comment (2026-06-22): Received and associated updated 1008. Exception cleared.


Seller Comment (2026-06-19): 1008


Reviewer Comment (2026-06-18): Received updated 1003, please provide the updated 1008. Exception remains.


Seller Comment (2026-06-17): 1003


Reviewer Comment (2026-06-17): PITIA on the CD is not accurate with the final 1003. Please provide the updated 1003 & 1008. Exception remains.


Seller Comment (2026-06-16): More Reo Docs


Seller Comment (2026-06-16): REO Docs
06/22/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   D B C A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10264127 [Redact] [Redact] 36308084     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-15): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-11): [Redacted]l SHIPPING [Redacted]l
06/15/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10264127 [Redact] [Redact] 36685191     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-06-09): Client elected to waive the condition on the Non-QM 1st lien
    06/09/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10264127 [Redact] [Redact] 36685225     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Missing Mortgage Statement.       Reviewer Comment (2026-06-11): Received Closing disclosure, updated 1003 & 1008. Exception cleared.


Seller Comment (2026-06-10): please see attached reo cds.  all were simultaneous closings to subject loan.  revised 1008 & 1003 attached for updated reo piti amounts matching simultaneous cds
06/11/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10264127 [Redact] [Redact] 36685229     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Missing Mortgage Statement.       Reviewer Comment (2026-06-11): Received Closing disclosure, updated 1003 & 1008. Exception cleared.


Seller Comment (2026-06-10): please see attached reo cds.  all were simultaneous closings to subject loan.  revised 1008 & 1003 attached for updated reo piti amounts matching simultaneous cds
06/11/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10264127 [Redact] [Redact] 36685233     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Missing Mortgage Statement.       Reviewer Comment (2026-06-11): Received Closing disclosure, updated 1003 & 1008. Exception cleared.


Seller Comment (2026-06-10): please see attached reo cds.  all were simultaneous closings to subject loan.  revised 1008 & 1003 attached for updated reo piti amounts matching simultaneous cds
06/11/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10264127 [Redact] [Redact] 36685235     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Missing Mortgage Statement.       Reviewer Comment (2026-06-11): Received Closing disclosure, updated 1003 & 1008. Exception cleared.


Seller Comment (2026-06-10): please see attached reo cds.  all were simultaneous closings to subject loan.  revised 1008 & 1003 attached for updated reo piti amounts matching simultaneous cds
06/11/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10264128 [Redact] [Redact] 36308091     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-16): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-15): [Redacted]l Tracking Number [Redacted]l
06/16/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   D B D A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10264128 [Redact] [Redact] 36681065     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal is missing. Sec ID: 1   The file is missing a copy of the appraisal.       Reviewer Comment (2026-06-15): Received Appraisal. Exception cleared.


Seller Comment (2026-06-12): Appraisal
06/15/2026     No 1 D A D A D A D A D A   [Redact] Investment Refinance - Cash-out - Other   D B D A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10264128 [Redact] [Redact] 36681083     Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided   The file is missing a copy of the appraisal.       Reviewer Comment (2026-06-15): Received Appraisal. Exception cleared.


Seller Comment (2026-06-12): See upload
06/15/2026     No 1 D A D A D A D A D A   [Redact] Investment Refinance - Cash-out - Other   D B D A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10264128 [Redact] [Redact] 36681107     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment Letter not provided.       Reviewer Comment (2026-06-16): Received and associated updated 1008 and 1003. Exception cleared.


Seller Comment (2026-06-15): 1003 and 1008


Reviewer Comment (2026-06-15): Received CD, however PITI provided on final 1003 is not accurate. Please provide the updated 1003 and 1008. Exception remains.


Seller Comment (2026-06-12): REO Docs
06/16/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   D B D A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10264128 [Redact] [Redact] 36681108     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment Letter not provided.       Reviewer Comment (2026-06-16): Received and associated updated 1008 and 1003. Exception cleared.


Seller Comment (2026-06-15): See uploads


Reviewer Comment (2026-06-15): Received CD, however PITI provided on final 1003 is not accurate. Please provide the updated 1003 and 1008. Exception remains.


Seller Comment (2026-06-12): REO Docs
06/16/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   D B D A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10264128 [Redact] [Redact] 36681110     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment Letter not provided.       Reviewer Comment (2026-06-16): Received and associated updated 1008 and 1003. Exception cleared.


Seller Comment (2026-06-15): See uploads


Reviewer Comment (2026-06-15): Received CD, however PITI provided on final 1003 is not accurate. Please provide the updated 1003 and 1008. Exception remains.


Seller Comment (2026-06-12): REO Docs
06/16/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   D B D A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10264128 [Redact] [Redact] 36681113     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment Letter not provided.       Reviewer Comment (2026-06-16): Received and associated updated 1008 and 1003. Exception cleared.


Seller Comment (2026-06-15): See uploads


Reviewer Comment (2026-06-15): Received CD, however PITI provided on final 1003 is not accurate. Please provide the updated 1003 and 1008. Exception remains.


Seller Comment (2026-06-12): REO Docs
06/16/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   D B D A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10264128 [Redact] [Redact] 36681115     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted].       Reviewer Comment (2026-06-09): Client elected to waive the condition on the Non-QM 1st lien
    06/09/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. D B D A B B D A Exempt from ATR Exempt from ATR Yes
[Redact] 10264128 [Redact] [Redact] 36684962     Credit Missing Document General Missing Document Missing Document: 1007 Rent Comparison Schedule not provided   1007 Rent Comparison Schedule not provided.       Reviewer Comment (2026-06-15): Received 1007. Exception cleared.


Seller Comment (2026-06-12): See upload
06/15/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   D B D A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10264129 [Redact] [Redact] 36308532     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-15): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-11): [Redacted]l Tracking Number [Redacted]l
06/15/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10264129 [Redact] [Redact] 36682829     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).         Reviewer Comment (2026-06-09): Client elected to waive the condition on the Non-QM 1st lien
    06/09/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10264129 [Redact] [Redact] 36682873     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Mortgage Statement Document is missing from the file.       Reviewer Comment (2026-06-12): Received updated 1003 & 1008. Exception cleared.


Seller Comment (2026-06-11): please clarify as "lender to calculate" pitia was updated to closing that just occurred on [Redacted]l and "mortgage loans on this property" pitia is correctly based on existing pitia when loan was approved.


Reviewer Comment (2026-06-11): Property #[Redacted] [Redacted]lDr PITIA is not matching with the CD. Property# [Redacted]l [Redacted]l $[Redacted]l. other payments proof of expenses required. Property #[Redacted] [Redacted] & Property #[Redacted] [Redacted]  final 1003 shows different PITIA for both the two liens which is not accurate with the CD and Credit report. Please provide the corrected 1003 and 1008 showing accurate expenses for all the REO's. Exception remains.


Seller Comment (2026-06-10): please see attached reo cds.  all were simultaneous closings to subject loan.  revised 1008 & 1003 attached for updated reo piti amounts matching simultaneous cds
06/12/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10264131 [Redact] [Redact] 36309232     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-16): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-07-10): (Rate Lock) [Redacted]
07/16/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10264131 [Redact] [Redact] 36921641     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification that the appraisal was delivered to the borrower was not provided.             07/09/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10264131 [Redact] [Redact] 36921642     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA points and fees on the subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the original loan amount or $[Redacted] ([Redacted]). FNMA finance charge total $[Redacted] on an original loan amount of $[Redacted], versus an allowable total of $[Redacted] or $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-07-09): Client elected to waive the condition on the Non-QM 1st lien
    07/09/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10264263 [Redact] [Redact] 36310048     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-14): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-13): [Redacted] Tracking Number [Redacted]
05/14/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10264263 [Redact] [Redact] 36446069     Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - The declarations section of the final 1003 identified the borrower would occupy the subject as a primary residence.  Provide a revised final 1003 correcting the declarations section.       Reviewer Comment (2026-05-18): Revised 1003 provided


Seller Comment (2026-05-14): updated 1003
05/18/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10264263 [Redact] [Redact] 36453088     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not High Cost and Not Higher Priced The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). The borrower selected "yes" they will occupy the property as their primary residence in the declarations section of the initial 1003.             05/12/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10264282 [Redact] [Redact] 36310351     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-11): Waived on Rate Lock: Collateral cleared by Custodian
06/11/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A C A A A A A Non QM Non QM No
[Redact] 10264282 [Redact] [Redact] 36567480     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the PITIA.       Reviewer Comment (2026-05-28): Received Promissory note. Exception cleared.


Seller Comment (2026-05-27): [Redacted]: Please see attached note for the REO [Redacted]
05/28/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A A A A A Non QM Non QM No
[Redact] 10264286 [Redact] [Redact] 36310352     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-25): Waived on Rate Lock: Collateral cleared by Custodian
05/25/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A A A C A A A Non QM Non QM No
[Redact] 10264286 [Redact] [Redact] 36540167     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at closing.       Reviewer Comment (2026-05-19): Sufficient Cure Provided At Closing
  05/19/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
[Redact] 10264286 [Redact] [Redact] 36540168     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Reinspection Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Zero Percent Fee Tolerance exceeded for Reinspection Fee. Fee amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at closing.       Reviewer Comment (2026-05-19): Sufficient Cure Provided At Closing
  05/19/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
[Redact] 10264286 [Redact] [Redact] 36540170     Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver Test TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.       Reviewer Comment (2026-05-22): [Redacted] received initial CD.


Seller Comment (2026-05-21): [Redacted]: Please see the attached //
05/22/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
[Redact] 10264285 [Redact] [Redact] 36310421     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-17): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-16): Collateral delivered on [Redacted] via [Redacted] tracking [Redacted].
06/17/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C A C A A A A A   N/A No
[Redact] 10264285 [Redact] [Redact] 36715858     Credit Hazard Insurance Insufficient Coverage Hazard Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage is insufficient by $[Redacted].       Reviewer Comment (2026-08-18): FNMA selling guide was updated on [Redacted] and removed the previous coverage requirement calculation.  The HOI was written on a replacement cost basis and the coverage is sufficient.


Reviewer Comment (2026-06-15): The [Redacted] method was used to determine the coverage requirement.  The appraisal identified the total appraised value as $[Redacted] and [Redacted]% of this value is identified as insured value. The insurance is insufficient by $[Redacted]. Provide a copy of the replacement cost estimator from the insurance company, a revised policy/dec page with increased coverage, or documentation from the insurance company verifying the policy has Guaranteed Replacement cost coverage.  Condition Remains.


Seller Comment (2026-06-12): Per the attached EOI, the dwelling coverage is written to include [Redacted]% replacement cost coverage.
08/18/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C A C A A A A A   N/A No
[Redact] 10264296 [Redact] [Redact] 36310620     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-19): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-14): (Rate Lock) [Redacted]
05/19/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10265624 [Redact] [Redact] 36314943     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-15): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-11): [Redacted] tracking  [Redacted]
06/15/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265624 [Redact] [Redact] 36671270     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment Letter not provided.       Reviewer Comment (2026-06-11): Received updated 1003 & 1008. Exception cleared.


Seller Comment (2026-06-10): please see attached revised 1008 & 1003 for updated reo amounts to match simultaneous close final cd


Reviewer Comment (2026-06-10): Received CD, however PITI on CD and final 1003 does not match, also final 1003 is showing $[Redacted]other expenses. Corrected 1003 & 1008, proof for other expenses $[Redacted] are required. Exception remains.


Seller Comment (2026-06-09): please see attached cd for reo [Redacted]
06/11/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265624 [Redact] [Redact] 36671283     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment Letter not provided.       Reviewer Comment (2026-06-11): Received updated 1003 & 1008. Exception cleared.


Seller Comment (2026-06-10): please see attached revised 1008 & 1003 for updated reo amounts to match simultaneous close final cd


Reviewer Comment (2026-06-10): Received CD, however PITI on CD and final 1003 does not match. Corrected 1003 showing accurate expenses and updated 1008 are required. Exception remains.


Seller Comment (2026-06-09): please see attached cd for reo [Redacted]
06/11/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265624 [Redact] [Redact] 36671297     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment Letter not provided.       Reviewer Comment (2026-06-11): Received updated 1003 & 1008. Exception cleared.


Seller Comment (2026-06-10): please see attached revised 1008 & 1003 for updated reo amounts to match simultaneous close final cd


Reviewer Comment (2026-06-10): Received CD, however PITI on CD and final 1003 does not match. Corrected 1003 showing accurate expenses and updated 1008 are required. Exception remains.


Seller Comment (2026-06-09): please see attached cd for reo [Redacted]
06/11/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265624 [Redact] [Redact] 36671301     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment Letter not provided.       Reviewer Comment (2026-06-11): Received updated 1003 & 1008. Exception cleared.


Seller Comment (2026-06-10): please see attached revised 1008 & 1003 for updated reo amounts to match simultaneous close final cd


Reviewer Comment (2026-06-10): Received CD, however PITI on CD and final 1003 does not match. Corrected 1003 showing accurate expenses and updated 1008 are required. Exception remains.


Seller Comment (2026-06-09): please see attached cd for reo [Redacted]
06/11/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265624 [Redact] [Redact] 36671375     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-06-08): Client elected to waive the condition on the Non-QM 1st lien
    06/08/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10265865 [Redact] [Redact] 36315605     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-05): Waived on Rate Lock: Collateral cleared by Custodian
06/05/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10265870 [Redact] [Redact] 36315629     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-15): collateral package
06/18/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Rate/Term   C B A A B B C A Exempt from ATR Exempt from ATR No
[Redact] 10265870 [Redact] [Redact] 36720846     Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal   The Desk Review or Field Review effective date does not match the appraisal's effective date.       Reviewer Comment (2026-06-17): Revised CDA provided


Seller Comment (2026-06-17): See attached updated CDA [Redacted]
06/17/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C B A A B B C A Exempt from ATR Exempt from ATR No
[Redact] 10265870 [Redact] [Redact] 36720863     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to the applicant three (3) business days prior to consummation.             06/12/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Rate/Term   C B A A B B C A Exempt from ATR Exempt from ATR No
[Redact] 10265870 [Redact] [Redact] 36723448     Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003           Reviewer Comment (2026-06-16): Received Initial 1003. Exception cleared.


Seller Comment (2026-06-15): See attached URLA and delivery
06/16/2026     No 1 B A B A B A B A B A   [Redact] Investment Refinance - Rate/Term   C B A A B B C A Exempt from ATR Exempt from ATR No
[Redact] 10265958 [Redact] [Redact] 36315740     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-12): See attached collateral package with shipping info
06/18/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Limited Cash-out GSE   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265958 [Redact] [Redact] 36719377     Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003   The file was missing a copy of the 1003 Initial - Lender's.       Reviewer Comment (2026-06-23): Received and associated Initial 1003. Exception cleared.


Seller Comment (2026-06-22): See attached initial URLA


Reviewer Comment (2026-06-15): Client to review. Seller requests exception to be waived.


Seller Comment (2026-06-15): Compliance EV 2 can be waived.


Reviewer Comment (2026-06-15): Signed copy of 1003 Initial - Lender's is required. Exception remains.


Seller Comment (2026-06-12): Please waive EV 2 and close.
06/23/2026     No 1 B A B A B A B A B A   [Redact] Investment Refinance - Limited Cash-out GSE   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265958 [Redact] [Redact] 36719401     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-06-11): Client elected to waive the condition on the Non-QM 1st lien
    06/11/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Limited Cash-out GSE LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10265958 [Redact] [Redact] 36719935     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Verification that appraisal was delivered to borrower was not provided.             06/11/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Limited Cash-out GSE   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265962 [Redact] [Redact] 36315778     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-15): See attached collateral package with tracking info.
06/18/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B C A Exempt from ATR Exempt from ATR No
[Redact] 10265962 [Redact] [Redact] 36720675     Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal   The Desk Review or Field Review effective date does not match the appraisal's effective date.       Reviewer Comment (2026-06-17): Revised CDA provided


Seller Comment (2026-06-17): See attached CDA [Redacted]


Reviewer Comment (2026-06-15): The earlier appraisal will not clear the condition.  Since an updated appraisal was obtained with an updated effective date, the CDA must be reviewed on the updated appraisal.  The condition is valid and remains open


Seller Comment (2026-06-15): See first iteration of the appraisal dated [Redacted]
06/17/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B C A Exempt from ATR Exempt from ATR No
[Redact] 10265962 [Redact] [Redact] 36720784     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the PITIA.       Reviewer Comment (2026-06-15): Documentation verifying the PITIA was provided


Seller Comment (2026-06-15): See attached 1st payment letter
06/15/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B C A Exempt from ATR Exempt from ATR No
[Redact] 10265962 [Redact] [Redact] 36720791     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.             06/12/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   C B C A B B C A Exempt from ATR Exempt from ATR No
[Redact] 10265959 [Redact] [Redact] 36315812     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-15): See attached collateral package
06/18/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265959 [Redact] [Redact] 36720844     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the PITIA.       Reviewer Comment (2026-06-17): 1st payment letter verifying the PITIA was provided


Seller Comment (2026-06-17): Escalate to management please.  The subject property address in on the coupon page [Redacted] and the borrowers primary address is on page [Redacted]


Reviewer Comment (2026-06-17): First page of first payment letter showing different address which is contradicting, please provide the corrected first payment letter. Exception remains.


Seller Comment (2026-06-16): Please see page [Redacted] of the payment coupon.  The address you are referring to is the borrower home address.


Reviewer Comment (2026-06-15): The first payment letter provided was not for the REO referenced in the exception comments.  It was for another REO identified on the final 1003.  Provide proof of the PITIA for the REO located at [Redacted].  Condition is valid and remains open


Seller Comment (2026-06-15): See attached first payment letter
06/17/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265959 [Redact] [Redact] 36725010     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Verification appraisal delivered to borrower was not provided.             06/12/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265959 [Redact] [Redact] 36750245     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Upon further review, the file is missing documentation to verify the PITIA for the REO that was simultaneously refinanced with the same lender as the subject loan.  Note: the first payment letter or a copy of the final CD will be acceptable to verify the PITIA.       Reviewer Comment (2026-06-18): 1st payment letter provided verifying PITIA


Reviewer Comment (2026-06-18): Provided first payment letter first page shows different address #[Redacted]east which is contradicting, please provide the corrected first payment letter. Exception remains.


Seller Comment (2026-06-17): Please take note that the subject property address is on page [Redacted].  The address on page one is the borrowers primary mailing address as this is a business purpose loan.


Seller Comment (2026-06-17): See attached
06/18/2026     No 1   A   A   A   A   A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265959 [Redact] [Redact] 36750247     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Upon further review, the file is missing documentation to verify the PITIA for the REO that was simultaneously refinanced with the same lender as the subject loan.  Note: the first payment letter or a copy of the final CD will be acceptable to verify the PITIA.       Reviewer Comment (2026-06-18): 1st payment letter provided verifying PITIA


Reviewer Comment (2026-06-18): Provided first payment letter first page shows post box address, please provide the corrected first payment letter with the address #[Redacted] Exception remains.


Seller Comment (2026-06-17): Please take note that the subject property address is on page [Redacted].  The address on page one is the borrowers primary mailing address as this is a business purpose loan.
06/18/2026     No 1   A   A   A   A   A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265959 [Redact] [Redact] 36750249     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Upon further review, the file is missing documentation to verify the PITIA for the REO that was simultaneously refinanced with the same lender as the subject loan.  Note: the first payment letter or a copy of the final CD will be acceptable to verify the PITIA.       Reviewer Comment (2026-06-18): 1st payment letter provided verifying PITIA


Reviewer Comment (2026-06-18): Provided first payment letter first page shows different address #[Redacted]east which is contradicting, please provide the corrected first payment letter. Exception remains.


Seller Comment (2026-06-17): Please take note that the subject property address is on page [Redacted].  The address on page one is the borrowers primary mailing address as this is a business purpose loan.
06/18/2026     No 1   A   A   A   A   A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10265961 [Redact] [Redact] 36315860     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-15): See attached Collateral package
06/18/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Rate/Term   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10265961 [Redact] [Redact] 36723482     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment Letter not provided.       Reviewer Comment (2026-06-17): 1st payment letter from refi of the property provided to verify the PITIA


Seller Comment (2026-06-17): Escalate this to management.  The address on page [Redacted] is the borrowers home address where he gets his mail.  The subject property address in on the payment coupon page [Redacted].  This form needs no correcting as they are all like this is all our packages and all the files that require a 1st payment letter.  This is a business purpose loan.  The borrower does not reside in the subject.  Please escalate and clear.


Reviewer Comment (2026-06-17): First page of first payment letter showing different address which is contradicting, please provide the corrected first payment letter. Exception remains.


Seller Comment (2026-06-16): Please see page [Redacted] of the payment coupon.  The address you are referring to is the borrower home address.


Reviewer Comment (2026-06-16): Received First payment letter however address is showing "[Redacted]". Please provide the corrected first payment letter with address #[Redacted]. Exception remains.


Seller Comment (2026-06-15): See attached 1st payment letter
06/17/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10265961 [Redact] [Redact] 36723485     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment Letter not provided.       Reviewer Comment (2026-06-17): 1st payment letter from refi of the property provided to verify the PITIA


Seller Comment (2026-06-17): Escalate this to management.  The address on page [Redacted] is the borrowers home address where he gets his mail.  The subject property address in on the payment coupon page [Redacted].  This form needs no correcting as they are all like this is all our packages and all the files that require a 1st payment letter.  This is a business purpose loan.  The borrower does not reside in the subject.  Please escalate and clear.


Reviewer Comment (2026-06-17): First page of first payment letter showing different address which is contradicting, please provide the corrected first payment letter. Exception remains.


Seller Comment (2026-06-16): Please see page [Redacted] of the payment coupon.  The address you are referring to is the borrower home address.


Reviewer Comment (2026-06-16): Received First payment letter however address is showing "[Redacted]". Please provide the corrected first payment letter with address #[Redacted]. Exception remains.


Seller Comment (2026-06-15): See attached 1st payment letter
06/17/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10265961 [Redact] [Redact] 36723486     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment Letter not provided.       Reviewer Comment (2026-06-17): 1st payment letter from refi of the property provided to verify the PITIA


Seller Comment (2026-06-17): Escalate this to management.  The address on page [Redacted] is the borrowers home address where he gets his mail.  The subject property address in on the payment coupon page [Redacted].  This form needs no correcting as they are all like this is all our packages and all the files that require a [Redacted] payment letter.  This is a business purpose loan.  The borrower does not reside in the subject.  Please escalate and clear.


Reviewer Comment (2026-06-17): First page of first payment letter showing different address which is contradicting, please provide the corrected first payment letter. Exception remains.


Seller Comment (2026-06-16): Please see page [Redacted] of the payment coupon.  The address you are referring to is the borrower home address.


Reviewer Comment (2026-06-16): Received First payment letter however address is showing "[Redacted]". Please provide the corrected first payment letter with address #[Redacted]. Exception remains.


Seller Comment (2026-06-15): See attached 1st payment letter
06/17/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10265961 [Redact] [Redact] 36723489     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment Letter not provided.       Reviewer Comment (2026-06-17): 1st payment letter from refi of the property provided to verify the PITIA


Seller Comment (2026-06-17): Escalate this to management.  The address on page [Redacted] is the borrowers home address where he gets his mail.  The subject property address in on the payment coupon page [Redacted].  This form needs no correcting as they are all like this is all our packages and all the files that require a [Redacted] payment letter.  This is a business purpose loan.  The borrower does not reside in the subject.  Please escalate and clear.


Reviewer Comment (2026-06-17): First page of first payment letter showing different address which is contradicting, please provide the corrected first payment letter. Exception remains.


Seller Comment (2026-06-16): Please see page [Redacted] of the payment coupon.  The address you are referring to is the borrower home address.


Reviewer Comment (2026-06-16): Received First payment letter however address is showing "[Redacted]". Please provide the corrected first payment letter with address #[Redacted]. Exception remains.


Seller Comment (2026-06-15): See attached 1st payment letter
06/17/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10266182 [Redact] [Redact] 36316203     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-11): Waived on Rate Lock: Collateral cleared by Custodian
05/11/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10314293 [Redact] [Redact] 36323727     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-11): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-07): [Redacted]Tracking Number [Redacted]
05/11/2026     No 1 A A A A A A A A A A   [Redact] Second Home Purchase   C B C A B B A A Non QM Non QM No
[Redact] 10314293 [Redact] [Redact] 36409136     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-06): Sufficient Cure Provided At Closing
  05/06/2026   No 1 A A A A A A A A A A   [Redact] Second Home Purchase Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
[Redact] 10314293 [Redact] [Redact] 36409137     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-06): Sufficient Cure Provided At Closing
  05/06/2026   No 1 A A A A A A A A A A   [Redact] Second Home Purchase Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
[Redact] 10314293 [Redact] [Redact] 36409259     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not High Cost and Not Higher Priced The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Second Home). The borrower selected "yes" they will occupy the property as their primary residence in the declarations section of the initial 1003.             05/06/2026 No 2 B B B B B B B B B B   [Redact] Second Home Purchase   C B C A B B A A Non QM Non QM No
[Redact] 10314293 [Redact] [Redact] 36411739     Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - The declarations section of the Initial and Final 1003 identified the borrowers would occupy the subject as a primary residence.  Provide a revised final 1003 correcting the declarations section.       Reviewer Comment (2026-05-08): Revised 1003 provided


Seller Comment (2026-05-07): corrected 1003
05/08/2026     No 1 C A C A C A C A C A   [Redact] Second Home Purchase   C B C A B B A A Non QM Non QM No
[Redact] 10266376 [Redact] [Redact] 36325071     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-25): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-21): Tracking number for collateral transfer [Redacted]
05/25/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10266376 [Redact] [Redact] 36468905     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%).       Reviewer Comment (2026-05-13): Client elected to waive the condition on the Non-QM 1st lien
    05/13/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10266376 [Redact] [Redact] 36469146     Compliance Compliance State Compliance State Defect [Redact] Prepayment Penalty - Business Entity [Redacted] Prepayment Penalty: No prepayment penalties are permissible in the state of [Redacted] under [Redacted]. [Redacted].  Prepay language states prepay will not exceed maximum permitted by applicable law. No prepayment penalties are permissible in the state of [Redacted] under [Redacted]. [Redacted].       Reviewer Comment (2026-05-20): Client elected to waive the condition.  Note: it is the client's interpretation that prepayment penalty in [Redacted] is allowable under law.


Reviewer Comment (2026-05-14): Elevated to the client for review


Seller Comment (2026-05-14): Please waive as level [Redacted]
    05/20/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10267586 [Redact] [Redact] 36329872     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-19): Waived on Rate Lock: Collateral cleared by Custodian
06/19/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10267586 [Redact] [Redact] 36718463     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.             06/12/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10267586 [Redact] [Redact] 36723161     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not High Cost and Not Higher Priced The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). Remove/Clear Exceptions             06/12/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10267921 [Redact] [Redact] 36332224     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-25): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-21): [Redacted] Tracking Number [Redacted]
05/25/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Rate/Term   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10267921 [Redact] [Redact] 36539780     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]).       Reviewer Comment (2026-05-20): Client elected to waive the condition on the Non-QM 1st lien
    05/20/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Rate/Term LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10267921 [Redact] [Redact] 36539880     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment Letter not provided.       Reviewer Comment (2026-05-27): Received closing disclosure. Exception cleared.


Seller Comment (2026-05-26): Final CD; note the loan closed after subject loan closing
05/27/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10268456 [Redact] [Redact] 36332718     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-01): Waived on Rate Lock: Collateral cleared by Custodian
06/01/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10268456 [Redact] [Redact] 36553024     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).         Reviewer Comment (2026-05-21): Client elected to waive the condition on the Non-QM 1st lien
    05/21/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10269092 [Redact] [Redact] 36336858     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-21): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-19): [Redacted] Tracking Number [Redacted]
05/21/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10269482 [Redact] [Redact] 36340730     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-19): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-15): (Rate Lock) Collateral delivered via [Redacted] tracking [Redacted] on [Redacted]
05/19/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10269485 [Redact] [Redact] 36341115     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-01): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-29): [Redacted] Tracking Number [Redacted]
06/01/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redact] 10263260 [Redact]   36358004     Credit Title Document Error Title The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.             04/29/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Cash-out - Other   B B B B A A A A Non QM Non QM No
[Redact] 10285500 [Redact] [Redact] 36351899     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-10): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-08): (Rate Lock) [Redacted]
06/10/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10285500 [Redact] [Redact] 36646559     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-03): Sufficient Cure Provided At Closing
  06/03/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
[Redact] 10285500 [Redact] [Redact] 36646610     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. The verification appraisal delivered to the borrower was not provided.             06/04/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10285678 [Redact] [Redact] 36352061     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-04): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-01): (Rate Lock) Collateral delivered via [Redacted] tracking [Redacted] on [Redacted]
06/04/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10285678 [Redact] [Redact] 36561261     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.             05/26/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10285679 [Redact] [Redact] 36352062     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-19): Waived on Rate Lock: Collateral cleared by Custodian
06/19/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10285935 [Redact] [Redact] 36352820     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-25): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-23): (Rate Lock) [Redacted]
06/25/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10285935 [Redact] [Redact] 36770877     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.             06/19/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10288709 [Redact] [Redact] 36360775     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-20): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-18): (Rate Lock) collateral delivered [Redacted]. Tracking [Redacted]. Thanks!
05/20/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C B A A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10288709 [Redact] [Redact] 36393337     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]).       Reviewer Comment (2026-05-04): Client elected to waive the condition on the Non-QM 1st lien
    05/04/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B A A C B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10288709 [Redact] [Redact] 36393831     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation ECOA Valuations Rule (Dodd-Frank 2014): Borrower provided appraisal waiver less than three (3) business days prior to consummation. The verification appraisal delivered to the borrower was not provided.       Reviewer Comment (2026-05-07): Client elected to waive the condition


Seller Comment (2026-05-06): (Rate Lock) The original appraisal was provided to the borrower on [Redacted], well in advance of the three [Redacted] business day requirement prior to consummation on [Redacted], satisfying the ECOA Valuations Rule delivery requirements.
A revised appraisal was subsequently completed on [Redacted]. As this revision occurred within three [Redacted] business days of consummation, the timing falls under the "promptly upon completion" standard permitted by Regulation B Section 1002.14(a)(1), which allows delivery of valuations either promptly upon completion or at least three ([Redacted] business days prior to consummation, whichever is earlier.
Additionally, the revised appraisal did not reflect any change to the appraised value or effective date, indicating the updates were non-material in nature.  The borrower had already received the original appraisal more than three (3) business days prior to consummation, providing sufficient opportunity to review the valuation.
The borrower also executed an Appraisal Waiver at closing acknowledging receipt of the appraisal and agreeing to proceed with the transaction, further evidencing awareness and acceptance of the valuation at consummation.
Based on the above, the appraisal delivery requirements under ECOA were met.  We respectfully request this condition be cleared or waived.
Thank you!
    05/07/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   C B A A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10288709 [Redact] [Redact] 36394163     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - High Cost and Higher Priced as Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more high cost and one or more HPML thresholds.  Additional compliance testing required to determine if loan would be a compliant or non-compliant HPML. The initial 1003 identified the borrower would occupy the subject as a primary residence.  The loan failed the High-Cost testing due to the excessive points and fees.  In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required.       Reviewer Comment (2026-05-15): Borrower attestation provided verifying the clerical error and confirmed property is an Investment property.  Client elected to waive the condition.


Reviewer Comment (2026-05-15): Re-graded to [Redacted] based on attestation from borrower and documentation in file indicating investment occupancy, which would not be eligible for high cost or higher priced testing.


Seller Comment (2026-05-14): (Rate Lock) Borrower attestation.  Thanks!


Seller Comment (2026-05-14): (Rate Lock) Borrower attestation and cert of completion uploaded.  Thanks!


Reviewer Comment (2026-05-07): The initial 1003 identifying the borrower would occupy the property as a Primary Residence identifies a disparity in occupancy.  The loan is then tested as if a primary residence.  The loan failed the High-Cost testing if a primary residence.  Therefore in order to consider a downgrade of the condition, based on the fact that all other docs in file support the Investment occupancy, an Affidavit from the BORROWER is required identifying the reason for the error in the declarations section of the initial 1003.  Without the attestation from the BORROWER, the grade will remain an [Redacted] and is ineligible for purchase by the Client.  Condition is valid and remains open


Seller Comment (2026-05-06): (Rate Lock) The occupancy type for this transaction has been consistently documented as Investment from origination through the life of the loan.
Specifically:
 * Section [Redacted] of both the Initial and Final 1003 reflects the occupancy as "Investment Property."
 * Section [Redacted] (Declarations) of both the Initial and Final 1003 indicates "No" to the borrower's intent to occupy the subject property as a primary residence.
In addition, the file contains a signed and notarized Occupancy Statement confirming the property is an "Investment Property - borrower will not occupy," along with a signed Non-Owner Occupied Certification stating the borrower will not occupy the property for more than [Redacted] days in any calendar year.
Based on the above, the documentation in file clearly and consistently supports the non-owner-occupied occupancy designation.  Accordingly, we respectfully request that this condition be waived, as the existing documentation is sufficient to confirm the subject property will not be used as the borrower's primary residence.
Thank you!
    05/15/2026 Yes 2 C B C B C B C B C B   [Redact] Investment Purchase   C B A A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10288193 [Redact] [Redact] 36361122     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-05): Waived on Rate Lock: Collateral cleared by Custodian
06/05/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B C B C A A A Non QM Non QM No
[Redact] 10288193 [Redact] [Redact] 36606115     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file.             05/29/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   C B C B C A A A Non QM Non QM No
[Redact] 10288193 [Redact] [Redact] 36606117     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - The file is missing documentation to verify the borrower's percentage of ownership in the business used to qualify.       Reviewer Comment (2026-06-08): CPA letter provided verifying the ownership percentage


Reviewer Comment (2026-06-08): Received LOE confirming the ownership. Please provide the Business narrative. Exception remains.


Seller Comment (2026-06-05): [Redacted] - [Redacted]: Please see attached.
06/08/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C B C A A A Non QM Non QM No
[Redact] 10288193 [Redact] [Redact] 36606128     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Originator Loan Designation of Non-QM does not match Due Diligence Loan Designation of ATR Risk.       Reviewer Comment (2026-06-08): CPA letter provided verifying the ownership percentage


Seller Comment (2026-06-05): [Redacted] - [Redacted]: Please see attached.
06/08/2026     No 1 B A C A B A C A B A   [Redact] Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM Yes
[Redact] 10288193 [Redact] [Redact] 36606129     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan does not meet one or more guideline components which could impact the borrower's ability to repay.       Reviewer Comment (2026-06-08): CPA letter provided verifying the ownership percentage


Seller Comment (2026-06-05): [Redacted] - [Redacted]: Please see attached.
06/08/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C B C A A A Non QM Non QM No
[Redact] 10288710 [Redact] [Redact] 36364495     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-22): Waived on Rate Lock: Collateral cleared by Custodian
05/22/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10288710 [Redact] [Redact] 36489467     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on the subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] versus an investor allowable total of $[Redacted].       Reviewer Comment (2026-05-14): Client elected to waive the condition on the Non-QM 1st lien
    05/14/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10288710 [Redact] [Redact] 36489471     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Zero Percent Fee Tolerance exceeded for the Second Appraisal Fee. Fee amount of $[Redacted] exceeds the tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2026-05-14): Sufficient Cure Provided At Closing
  05/14/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
[Redact] 10288735 [Redact] [Redact] 36365025     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-16): [Redacted] Tracking Number [Redacted]
06/18/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10288735 [Redact] [Redact] 36731645     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.               06/15/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10288736 [Redact] [Redact] 36365125     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-16): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-12): [Redacted] Tracking Number [Redacted]
06/16/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10289285 [Redact] [Redact] 36367730     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-02): Waived on Rate Lock: Collateral cleared by Custodian
07/02/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   C B B B C B A A Non QM Non QM No
[Redact] 10289285 [Redact] [Redact] 36721302     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted].       Reviewer Comment (2026-06-12): Client elected to waive the condition on the Non-QM 1st lien
    06/12/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B B B C B A A Non QM Non QM Yes
[Redact] 10289285 [Redact] [Redact] 36721306     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance was exceeded for the Second Appraisal Fee. The fee amount of $[Redacted] exceeds the tolerance of $[Redacted]. $[Redacted] is over the legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-26): [Redacted] received PCCD, LOE and proof of mailing


Seller Comment (2026-06-24): [Redacted]: Please see the attached //


Reviewer Comment (2026-06-19): [Redacted] received corrected PCCD, LOE, Copy of refund check and shipping label. However, [Redacted] tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure.


Seller Comment (2026-06-18): [Redacted]: Please see the attached remediation with proof of delivery //


Reviewer Comment (2026-06-18): [Redacted] received rebuttal comment that cure was provided on final CD but as per file there is another CD issued on [Redacted] on the note date which does not have cure amount disclosed on it. If the cure was provided at closing please provide copy of true and certified final [Redacted] along with the corrected PCCD and LOE.


Seller Comment (2026-06-17): [Redacted]: A tolerance credit in the amount of $[Redacted] for the appraisal fee was reflected on the final Closing Disclosure
  06/26/2026   No 2 C B C B C B C B C B   [Redact] Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
[Redact] 10289285 [Redact] [Redact] 36721348     Credit Title Document Error Title The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The commitment or preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount.             06/12/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Cash-out - Other   C B B B C B A A Non QM Non QM No
[Redact] 10289310 [Redact] [Redact] 36368167     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-10): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-03): [Redacted] Tracking Number [Redacted]
06/10/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A C A A A A A Non QM Non QM No
[Redact] 10289310 [Redact] [Redact] 36634356     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement was not found in file.       Reviewer Comment (2026-06-05): Received E-sign consent report. Exception cleared.


Seller Comment (2026-06-04): econsent
06/05/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A A A A A Non QM Non QM No
[Redact] 10289560 [Redact] [Redact] 36368875     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian
06/18/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Rate/Term   B B A A B B A A Non QM Non QM No
[Redact] 10289560 [Redact] [Redact] 36714849     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] versus an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-06-11): Client elected to waive the condition on the Non-QM 1st lien
    06/11/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Rate/Term LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10291160 [Redact] [Redact] 36373097     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-14): Waived on Rate Lock: Collateral cleared by Custodian
05/14/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10291330 [Redact] [Redact] 36379227     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-27): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-22): [Redacted] Tracking Number [Redacted]
05/27/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   D B A A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10291330 [Redact] [Redact] 36553763     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2   The file is missing a copy of the secondary valuation required for securitization purposes.       Reviewer Comment (2026-06-01): Secondary valuation provided


Seller Comment (2026-06-01): CDA
06/01/2026     No 1 D A D A D A D A D A   [Redact] Investment Purchase   D B A A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10291330 [Redact] [Redact] 36553790     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.               05/21/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   D B A A B B D A Exempt from ATR Exempt from ATR No
[Redact] 10291330 [Redact] [Redact] 36553791     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%).         Reviewer Comment (2026-05-21): Client elected to waive the condition on the Non-QM 1st lien
    05/21/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. D B A A B B D A Exempt from ATR Exempt from ATR Yes
[Redact] 10291343 [Redact] [Redact] 36379527     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-21): Waived on Rate Lock: Collateral cleared by Custodian
05/21/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A A A C A A A Non QM Non QM No
[Redact] 10291343 [Redact] [Redact] 36486289     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-14): Sufficient Cure Provided At Closing
  05/14/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
[Redact] 10291343 [Redact] [Redact] 36486292     Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver Test TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.       Reviewer Comment (2026-05-18): [Redacted] received [Redacted] Initial CD,[Redacted] business days prior to the consummation.


Seller Comment (2026-05-15): [Redacted]: Please see the attached //
05/18/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
[Redact] 10291527 [Redact] [Redact] 36386324     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-01): Waived on Rate Lock: Collateral cleared by Custodian
06/01/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10291527 [Redact] [Redact] 36585511     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file.             05/27/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10291904 [Redact] [Redact] 36386974     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-09): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-05): (Rate Lock) [Redacted]
06/09/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Rate/Term   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10291972 [Redact] [Redact] 36387269     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-01): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-29): [Redacted] Tracking Number [Redacted]
06/01/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10291972 [Redact] [Redact] 36601707     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.             05/28/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10291972 [Redact] [Redact] 36601708     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the original loan amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an original loan amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-05-28): Client elected to waive the condition on the Non-QM 1st lien
    05/28/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10291976 [Redact] [Redact] 36387460     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-08): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-03): note tracking: [Redacted]
06/08/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C B C B A A A A Exempt from ATR Exempt from ATR No
[Redact] 10291976 [Redact] [Redact] 36629326     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Missing verification of Insurance, Tax Verification for the primary residence.       Reviewer Comment (2026-06-03): Proof of HOI and taxes for the primary residence provided


Seller Comment (2026-06-03): attached
06/03/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C B A A A A Exempt from ATR Exempt from ATR No
[Redact] 10291976 [Redact] [Redact] 36629354     Credit Title Document Error Title The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.             06/01/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   C B C B A A A A Exempt from ATR Exempt from ATR No
[Redact] 10292243 [Redact] [Redact] 36388077     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-23): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-18): The tracking for the note is [Redacted]
06/23/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10292265 [Redact] [Redact] 36388230     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-21): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-20): [Redacted] Tracking Number [Redacted]
05/21/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Rate/Term   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10292265 [Redact] [Redact] 36537629     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file was missing a copy of HOA Verification, Insurance Verification, and Tax Verification.       Reviewer Comment (2026-06-02): REO is a co-op and the Management fees include the taxes


Reviewer Comment (2026-06-02): We are not able to determine the tax amount also under which payments these taxes are included. Please provide the documentation to confirm the payment is done by the Co-op. Exception Remains.


Seller Comment (2026-06-01): Please see link clarifying taxes are paid by the Co-op and included in the payment.

[Redacted]


Reviewer Comment (2026-06-01): Received HOA verification and Insurance Verification. Please provide the Tax Verification. Exception remains.


Seller Comment (2026-05-29): HO6


Seller Comment (2026-05-29): property was a CO-OP and attached docs covered HOA, insurance and taxes.
06/02/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10293249 [Redact] [Redact] 36394764     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-27): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-26): (Rate Lock)  Collateral delivered [Redacted] - tracking [Redacted]
05/27/2026     No 1 A A A A A A A A A A   [Redact] Second Home Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10293249 [Redact] [Redact] 36547574     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] versus an investor allowable total of $[Redacted].       Reviewer Comment (2026-05-22): Client elected to waive the condition on the Non-QM 1st lien
    05/22/2026 No 2 B B B B B B B B B B   [Redact] Second Home Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10293249 [Redact] [Redact] 36569334     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not High Cost and Not Higher Priced The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Second Home).               05/22/2026 No 2 B B B B B B B B B B   [Redact] Second Home Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10293264 [Redact] [Redact] 36395599     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-19): Waived on Rate Lock: Collateral cleared by Custodian
06/19/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10293697 [Redact] [Redact] 36397487     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-10): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-08): note delivered


Seller Comment (2026-06-03): (Rate Lock) [Redacted]


Seller Comment (2026-06-02): note delivered
06/10/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C B C B B B A A Exempt from ATR Exempt from ATR No
[Redact] 10293697 [Redact] [Redact] 36547631     Credit Guideline Guideline Issue Guideline Missing required Transcript (1040) or W-2 Transcript. -         Reviewer Comment (2026-06-04): W-2 transcripts provided


Seller Comment (2026-06-04): attached b2 transcsripts


Reviewer Comment (2026-06-03): Received W-2 transcript for Anand, please provide the W-2 transcripts for '[Redacted]'. Exception Remains.


Seller Comment (2026-06-02): transcripts attached


Reviewer Comment (2026-05-27): Seller comments not related to this condition.  File is still missing transcripts.


Seller Comment (2026-05-27): Final pccd attached with title final settlement statement
06/04/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C B B B A A Exempt from ATR Exempt from ATR No
[Redact] 10293697 [Redact] [Redact] 36547679     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy effective date is after the funds disbursed.   The homeowner's insurance declarations page in the file verified an effective date of [Redacted], which is after the consummation date of [Redacted]. Provide a revised homeowner's insurance declarations page.       Reviewer Comment (2026-05-27): Post-close CD and final settlement statement provided verifying an updated disbursement date.


Seller Comment (2026-05-27): Final pccd attached with title final settlement statement
05/27/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C B B B A A Exempt from ATR Exempt from ATR No
[Redact] 10293697 [Redact] [Redact] 36547684     Credit Title Document Error Title The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.             05/22/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   C B C B B B A A Exempt from ATR Exempt from ATR No
[Redact] 10293697 [Redact] [Redact] 36547811     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.             05/22/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   C B C B B B A A Exempt from ATR Exempt from ATR No
[Redact] 10293697 [Redact] [Redact] 36547812     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status.       Reviewer Comment (2026-06-04): Earlier disclosure provided


Seller Comment (2026-06-04): attached


Reviewer Comment (2026-06-03): Received appraisal waiver. Please provide the "Right to Receive a Copy of appraisal disclosure" to applicant within three [Redacted]business days of application date [Redacted]. Exception remains.


Seller Comment (2026-06-02): attached right to receive appraisal
06/04/2026     No 1 B A B A B A B A B A   [Redact] Investment Purchase   C B C B B B A A Exempt from ATR Exempt from ATR No
[Redact] 10293699 [Redact] [Redact] 36397499     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-01): Waived on Rate Lock: Collateral cleared by Custodian
06/01/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10293699 [Redact] [Redact] 36556173     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). annie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted]       Reviewer Comment (2026-05-22): Client elected to waive the condition on the Non-QM 1st lien
    05/22/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10295129 [Redact] [Redact] 36402212     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-16): See attached collateral package
06/18/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redact] 10296978 [Redact] [Redact] 36403082     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-21): Waived on Rate Lock: Collateral cleared by Custodian
05/21/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10296978 [Redact] [Redact] 36502599     Credit Title Document Error Title The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
              05/16/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10296969 [Redact] [Redact] 36403084     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-03): Waived on Rate Lock: Collateral cleared by Custodian
06/03/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redact] 10296969 [Redact] [Redact] 36603917     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-28): Sufficient Cure Provided At Closing
  05/28/2026   No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
[Redact] 10296969 [Redact] [Redact] 36603949     Credit Hazard Insurance Insufficient Coverage Hazard Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard Insurance Coverage Amount is insufficient. Coverage shortfall $[Redacted]. Provide updated Hazard Insurance Policy with Dwelling Coverage of at least $[Redacted] or Replacement Cost Estimator.       Reviewer Comment (2026-06-08): Received RCE. Exception cleared.


Seller Comment (2026-06-05): [Redacted]- [Redacted]: Please see attached.


Reviewer Comment (2026-06-02): Considered [Redacted]% of Replacement cost, however still we have the HOI shortfall of $[Redacted]. Please provide the updated HOI to cover the shortfall. Exception remains.


Seller Comment (2026-06-01): [Redacted] - [Redacted]: The verbiage within the "Form Description" section of the provided HOI policy states "Dwelling Replacement Cost Lost Settlement up to the limit of liability plus [Redacted]%." This confirms that the HOI dwelling coverage is based on replacement cost, which is now sufficeint per pages [Redacted] of FNMA Lender Letter [Redacted]. The requirements listed in FNMA [Redacted] related to documenting the replacement cost value to verify the property insurance policy have been retired.
06/08/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redact] 10296970 [Redact] [Redact] 36403233     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-25): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-25): [Redacted] tracking  [Redacted]
06/25/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10296970 [Redact] [Redact] 36752984     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - File is missing a copy of Insurance Verification for REO property.       Reviewer Comment (2026-06-22): Docs to verify the REO expenses provided


Seller Comment (2026-06-22): please see attached reo hoi [Redacted]
06/22/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10296970 [Redact] [Redact] 36753090     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]).       Reviewer Comment (2026-06-18): Client elected to waive the condition on the Non-QM 1st lien
    06/18/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10296981 [Redact] [Redact] 36403342     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-04): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-02): (Rate Lock) Note was delivered on [Redacted] via [Redacted]
06/04/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B C A B B A A Non QM Non QM No
[Redact] 10296981 [Redact] [Redact] 36555700     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.             05/26/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   C B C A B B A A Non QM Non QM No
[Redact] 10296981 [Redact] [Redact] 36555715     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Insurance Verification and Tax Verification Document is missing in the file.       Reviewer Comment (2026-06-03): Received LOE, property report and pay history confirming expenses are paid by the borrower's mother. Exception cleared.


Seller Comment (2026-06-02): (Rate Lock) Docs for [Redacted]
06/03/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C A B B A A Non QM Non QM No
[Redact] 10297173 [Redact] [Redact] 36403851     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-01): Waived on Rate Lock: Collateral cleared by Custodian
06/01/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B A A C B A A Non QM Non QM No
[Redact] 10297173 [Redact] [Redact] 36556652     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).         Reviewer Comment (2026-05-22): Client elected to waive the condition on the Non-QM 1st lien
    05/22/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B A A C B A A Non QM Non QM Yes
[Redact] 10297173 [Redact] [Redact] 36556656     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-05-28): [Redacted] received attestation suffice.


Seller Comment (2026-05-26): [Redacted] "CDA Appraisal Fee" disclosed on all of the LEs and CD besides the final CD and "Appraisal Fee [Redacted]" disclosed on the final CD are the same fee.
05/28/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
[Redact] 10297552 [Redact] [Redact] 36408785     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-23): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-18): [Redacted] Tracking Number [Redacted]
06/23/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10297552 [Redact] [Redact] 36733411     Credit Guideline Guideline Issue Guideline Missing required Transcript (1040) or W-2 Transcript. -         Reviewer Comment (2026-06-29): Received and associated W-2 transcript. Exception cleared.


Seller Comment (2026-06-26): transcripts
06/29/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10297552 [Redact] [Redact] 36734363     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted], versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-06-17): Client elected to waive the condition on the Non-QM 1st lien
    06/17/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10297873 [Redact] [Redact] 36409411     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-11): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-09): [Redacted] Tracking Number [Redacted]
06/11/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10297873 [Redact] [Redact] 36669234     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - File is missing the copy of the E-Sign Consent Agreement.       Reviewer Comment (2026-06-10): Doc provided. Exception cleared.


Seller Comment (2026-06-09): please see attached econsent
06/10/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C A C A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10298089 [Redact] [Redact] 36410502     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-03): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-01): [Redacted] Tracking Number [Redacted]
06/03/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10298089 [Redact] [Redact] 36605978     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-05-29): Client elected to waive the condition on the Non-QM 1st lien
    05/29/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10298137 [Redact] [Redact] 36411306     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-03): Waived on Rate Lock: Collateral cleared by Custodian
06/03/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Home Improvement   C B C A B B A A Non QM Non QM No
[Redact] 10298137 [Redact] [Redact] 36604043     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Tax Verification Document is missing in the file.       Reviewer Comment (2026-06-04): Documentation provided to verify the REO PITIA


Seller Comment (2026-06-04): [Redacted] - [Redacted]: Please see the attached documents reflecting a total PITI(a) of $[Redacted].  Mortgage = [Redacted]; Taxes = [Redacted];  Insurance = [Redacted] ; HOA dues = [Redacted].


Reviewer Comment (2026-06-03): Received tax verification verified $[Redacted] monthly, mortgage $[Redacted] monthly, Insurance $[Redacted]. Final 1003 shows total expense of $[Redacted]. Please provide the documentation for the remaining payments of $[Redacted]. Exception remains.


Seller Comment (2026-06-02): [Redacted] - [Redacted]: Please see attached.
06/04/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Home Improvement   C B C A B B A A Non QM Non QM No
[Redact] 10298137 [Redact] [Redact] 36604537     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] versus an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-05-29): Client elected to waive the condition on the Non-QM 1st lien
    05/29/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Cash-out - Home Improvement LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Non QM Non QM Yes
[Redact] 10298324 [Redact] [Redact] 36411862     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-01): Waived on Rate Lock: Collateral cleared by Custodian
06/01/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10298324 [Redact] [Redact] 36578399     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file.             05/26/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10298324 [Redact] [Redact] 36578436     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-26): Sufficient Cure Provided At Closing
  05/26/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B B B A A A A Non QM Non QM Yes
[Redact] 10298458 [Redact] [Redact] 36415847     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-12): Waived on Rate Lock: Collateral cleared by Custodian
06/12/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   B B B B A A A A Exempt from ATR Exempt from ATR No
[Redact] 10298458 [Redact] [Redact] 36670134     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file.             06/08/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   B B B B A A A A Exempt from ATR Exempt from ATR No
[Redact] 10298456 [Redact] [Redact] 36415849     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-25): Waived on Rate Lock: Collateral cleared by Custodian
05/25/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redact] 10298456 [Redact] [Redact] 36547673     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-20): Sufficient Cure Provided At Closing
  05/20/2026   No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10298455 [Redact] [Redact] 36416017     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-16): [Redacted] Tracking Number [Redacted]
06/18/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A A A C A A A Non QM Non QM No
[Redact] 10298455 [Redact] [Redact] 36720725     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. Loan Estimate was not delivered or placed in the mail to Borrower(s) within three (3) business days of application.       Reviewer Comment (2026-06-18): [Redacted] received LE dated [Redacted]


Seller Comment (2026-06-17): Missing LEs
06/18/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A A A C A A A Non QM Non QM No
[Redact] 10298455 [Redact] [Redact] 36723035     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-12): Sufficient Cure Provided At Closing
  06/12/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
[Redact] 10298486 [Redact] [Redact] 36416510     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-09): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-05): [Redacted] Tracking Number [Redacted]
06/09/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10298486 [Redact] [Redact] 36612200     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.             05/29/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10298511 [Redact] [Redact] 36417644     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-29): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-27): [Redacted] Tracking Number [Redacted]
05/29/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10298571 [Redact] [Redact] 36418111     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-12): Waived on Rate Lock: Collateral cleared by Custodian


Buyer Comment (2026-06-10): (Rate Lock) [Redacted] delivered [Redacted]


Seller Comment (2026-06-10): (Rate Lock) HOI and note tracking
06/12/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redact] 10298571 [Redact] [Redact] 36610107     Credit Hazard Insurance Insufficient Coverage Hazard Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage is insufficient by $[Redacted]. Provide updated policy reflecting minimum coverage of $[Redacted] OR to provide a copy of the insurer's replacement cost estimate supporting current coverage amount.       Reviewer Comment (2026-06-11): Received updated HOI policy. Exception cleared.


Seller Comment (2026-06-10): (Rate Lock) HOI and note tracking
06/11/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redact] 10298655 [Redact] [Redact] 36418264     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-01): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-29): (Rate Lock) [Redacted]
07/01/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10298655 [Redact] [Redact] 36807367     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.               06/23/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10298656 [Redact] [Redact] 36418283     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-27): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-22): [Redacted] Tracking Number [Redacted]
05/27/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A C A A A A A Non QM Non QM No
[Redact] 10298656 [Redact] [Redact] 36554446     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Insurance Verification and Tax Verification Documents are missing from the file.       Reviewer Comment (2026-05-27): Received Tax verification, HOI and HOA verification. Exception cleared.


Seller Comment (2026-05-26): PITIA
05/27/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A A A A A Non QM Non QM No
[Redact] 10298656 [Redact] [Redact] 36554456     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement was not found in file.       Reviewer Comment (2026-05-27): Proof of e-consent provided


Reviewer Comment (2026-05-27): Received Disclosure tracking. Please provide the E-Sign Consent Agreement. Exception remains.


Seller Comment (2026-05-26): Disclosure Tracking
05/27/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A A A A A Non QM Non QM No
[Redact] 10298659 [Redact] [Redact] 36418593     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-16): [Redacted] Tracking Number [Redacted]
06/18/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10298659 [Redact] [Redact] 36720698     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.             06/12/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10298777 [Redact] [Redact] 36418696     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-29): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-07-20): Collateral delivered on [Redacted] via [Redacted]
07/29/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   A A A A A A A A   N/A No
[Redact] 10298777 [Redact] [Redact] 37104393     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-08-20): Asset clarification provided and there are sufficient assets for reserves


Reviewer Comment (2026-08-20): Considered  [Redacted] of business funds from the account # [Redacted], still we have asset shortage. Please provide the additional asset documentation. Exception remains.


Seller Comment (2026-08-19): Please see attached and advise where the discrepancy in the calculation is. statement and UW email attached.


Reviewer Comment (2026-08-13): We have already considered  [Redacted] of business funds from account # [Redacted], still we have asset shortage. Please provide the additional asset documentation. Exception remains.


Seller Comment (2026-08-12): UW manager reviewed the assets on the loan summary report and stated: Investor is using  [Redacted] of the business balance vs the  [Redacted] that is allowed.  Can we please go back to them with that?  This will give us enough assets for reserves.


Reviewer Comment (2026-08-07): Business funds usage has been updated to  [Redacted] and loan is still short reserves.  Calculated PITIA reserves of  [Redacted] months is less than  [Redacted] months required.


Seller Comment (2026-08-06): Please see attached LOE from our UW team.


Reviewer Comment (2026-08-04): All the assets are considered, please provide the additional asset documents to cover the reserve requirement. Exception remains.


Seller Comment (2026-08-03): UW management response:  borrower has enough assets for closing and reserves.  Asset work sheet is in the file and the breakdown is also below.  [Redacted] xx[Redacted] ending balance [Redacted] (business assets and can only use  [Redacted])  [Redacted].  [Redacted]xx [Redacted] ending balance of [Redacted],  [Redacted], acctxx [Redacted] ending balance of Loan does not meet one or more guideline components which could impact the borrower's ability to repay.and Loan does not meet one or more guideline components which could impact the borrower's ability to repay. acctxxxLoan does not meet one or more guideline components which could impact the borrower's ability to repay. ending balance of Loan does not meet one or more guideline components which could impact the borrower's ability to repay..  Totaling a net of Loan does not meet one or more guideline components which could impact the borrower's ability to repay. verified assets.
08/20/2026     No 1   A   A   A   A   A   [Redact] Investment Purchase   A A A A A A A A   N/A No
[Redact] 10298778 [Redact] [Redact] 36418708     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-03): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-01): [Redacted] Tracking Number  [Redacted]
06/03/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10298778 [Redact] [Redact] 36603704     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).         Reviewer Comment (2026-05-29): Client elected to waive the condition on the Non-QM 1st lien
    05/29/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A C B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10298778 [Redact] [Redact] 36609587     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - High Cost as Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more high cost thresholds. The declarations section of the final 1003 identified the co-borrower would occupy the subject as a primary residence.   The loan failed the High-Cost testing due to the prepayment penalty of [Redacted]% for [Redacted] years, exceeds the max of [Redacted]% of the amount prepaid.  In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required.       Reviewer Comment (2026-06-09): Attestation provided.


Reviewer Comment (2026-06-09): Regraded with borrower attestation and loan being otherwise exempt from high-cost testing.


Seller Comment (2026-06-08): borrower attestation


Reviewer Comment (2026-06-05): The condition cannot be cleared.  As stated in the initial comments and rebuttal, an attestation from the BORROWER(S) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required.  Once received, the attestation will be reviewed to see if it is eligible to downgrade the condition.  Note: without the attestation, the condition will remain an EV3/C grade and the loan is not eligible for purchase with open EV3/C conditions.  Condition remains


Seller Comment (2026-06-04): please clear the pg  [Redacted][Redacted] for the coborrower's 1003 was corrected to reflect "no" and the subject was an investment transaction.


Reviewer Comment (2026-06-03): A revised 1003 will not clear this condition.  The loan failed High Cost testing when tested as a primary residence.  In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required.  Condition is valid and remains open


Seller Comment (2026-06-02): corrected 1003
    06/09/2026 Yes 2 C B C B C B C B C B   [Redact] Investment Purchase   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10298778 [Redact] [Redact] 36626031     Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - The declarations section of the final 1003 identified the co-borrower would occupy the subject as a primary residence.  Provide a revised 1003 correcting the declarations section.       Reviewer Comment (2026-06-03): Corrected 1003 provided


Seller Comment (2026-06-02): corrected 1003
06/03/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10298778 [Redact] [Redact] 36626059     Credit Asset Asset Documentation Asset Guideline Issue:Insufficient asset documentation. - Per the guidelines, 2 months statements are required.  The file only a printout for the account for the period [Redacted]-[Redacted].  Note: if this is a new account, proof of the source of the deposits of $[Redacted], $[Redacted], $[Redacted], and $[Redacted] are required to confirm they were the borrowers own funds.       Reviewer Comment (2026-06-11): Revised 1003 provided. Exception cleared.


Seller Comment (2026-06-10): revise 1003


Reviewer Comment (2026-06-10): The final 1003 indicates that account # [Redacted] is being used for qualification; therefore, complete bank statements for the most recent two months are required. If account # [Redacted] is to be excluded, please provide an updated 1003. Exception remains.


Seller Comment (2026-06-08): Please see page [Redacted] [Redacted] that reflected the $ [Redacted] wire on  [Redacted] from the  [Redacted] business acct ending in  [Redacted]. The $ [Redacted] wire originated from the [Redact] acct ending in  [Redacted] and wired on  [Redacted], which matched the wire dates on the [Redact] acct ending in  [Redacted]. Funds were properly sourced.


Reviewer Comment (2026-06-05): The transactions of  [Redacted]and  [Redacted] are reflected as wire transfers, and supporting transfer documentation could not be identified. The final 1003 indicates that account # [Redacted] is being used for qualification; therefore, complete bank statements for the most recent two months are required. If account # [Redacted] is to be excluded, please provide an updated 1003.


Seller Comment (2026-06-04): Large deposits documented:  [Redacted] with [Redacted] pg [Redacted] [Redacted],  [Redacted] with  [Redacted] pg [Redacted] [Redacted] and  [Redacted] with  [Redacted] pg [Redacted] [Redacted]. Account was not needed; borrowers reflected sufficient funds if the account was omitted for closing costs and reserves.
06/11/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A C B A A Exempt from ATR Exempt from ATR No
[Redact] 10298853 [Redact] [Redact] 36419072     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-16): [Redacted]Tracking Number  [Redacted]
06/18/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Rate/Term   B B A A B B A A Non QM Non QM No
[Redact] 10298853 [Redact] [Redact] 36719712     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used; the H-9 form should have been used.       Reviewer Comment (2026-06-29): Rescission was re-opened using the correct form.  Revised NORTC, proof of delivery, and LOE provided.


Reviewer Comment (2026-06-26): RTC form is not executed.  Condition remains.


Seller Comment (2026-06-25): RTC Docs


Reviewer Comment (2026-06-25): Client elected to Re-Open


Reviewer Comment (2026-06-23): Client elected to waive the condition
  06/29/2026   No 2 B B B B B B B B B B   [Redact] Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form B B A A B B A A Non QM Non QM Yes
[Redact] 10298870 [Redact] [Redact] 36419166     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-27): Waived on Rate Lock: Collateral cleared by Custodian


Buyer Comment (2026-05-22): (Rate Lock) tracking,   [Redacted]
05/27/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10298857 [Redact] [Redact] 36419178     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-02): Waived on Rate Lock: Collateral cleared by Custodian
07/02/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A A A C A A A Non QM Non QM No
[Redact] 10298857 [Redact] [Redact] 36814327     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Loan Discount Points were last disclosed as $[Redacted] on Loan Estimate but disclosed as $[Redacted] on Final Closing Disclosure. The file does not contain a valid COC for this fee, nor evidence of cure in the file. Provide a post-close Closing Disclosure disclosing the tolerance cure to include $[Redacted], a copy of the refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2026-06-26): [Redacted] Received Rate lock dated  [Redacted] along with supporting comments on the exception.


Seller Comment (2026-06-25): [Redacted] [Redacted]Assets and liabilities were updated by underwriting on [Redacted] which Increased the DTI to [Redacted]% from  [Redacted]  A Closing discloser  went out the same day to the borrower. Please see the attached Lock Confirmation and Loan Estimate.


Seller Comment (2026-06-25): [Redacted] [Redacted] Assets and liabilities were updated by underwriting on [Redacted] which Increased the DTI to [Redacted] from  [Redacted]  A Closing discloser  went out the same day to the borrower. Please see the attached Lock Confirmation and Loan Estimate.
06/26/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
[Redact] 10298900 [Redact] [Redact] 36419255     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-15): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-11): Note Tracking  [Redacted]
06/15/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B A A C B A A Non QM Non QM No
[Redact] 10298900 [Redact] [Redact] 36671717     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. Most recent tax returns were missing from the file.             06/08/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   C B A A C B A A Non QM Non QM No
[Redact] 10298900 [Redact] [Redact] 36680942     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. The file was missing a valid Change of Circumstance for the increased fee, and there was no cure provided.       Reviewer Comment (2026-06-10): [Redacted] received a valid COC,


Seller Comment (2026-06-09): LE and NOLC for appraisal increase
06/10/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
[Redact] 10298905 [Redact] [Redact] 36419673     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-19): Waived on Rate Lock: Collateral cleared by Custodian
06/19/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10298905 [Redact] [Redact] 36730562     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-15): Sufficient Cure Provided At Closing
  06/15/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10299678 [Redact] [Redact] 36431224     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-05-28): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-27): [Redacted]
05/28/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10299678 [Redact] [Redact] 36569872     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Final Closing Disclosure/First Payment letter not provided.       Reviewer Comment (2026-05-28): Proof of PITIA provided


Seller Comment (2026-05-28): 1st Payment Letter


Reviewer Comment (2026-05-28): Received First payment letter for the subject property. Please provide the Final CD/First payment letter for the property # [Redacted] [Redacted]. Exception remains.


Seller Comment (2026-05-27): Payment Letter
05/28/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10299678 [Redact] [Redact] 36569973     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Verification appraisal delivered to borrower was not provided.             05/26/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10303333 [Redact] [Redact] 36439905     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian
06/18/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10303333 [Redact] [Redact] 36725094     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Verification appraisal delivered to borrower was not found in file.             06/12/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10303810 [Redact] [Redact] 36442034     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-15): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-11): [Redacted]Tracking Number  [Redacted]
06/15/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10304277 [Redact] [Redact] 36442111     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-16): [Redacted]Tracking Number  [Redacted]
06/18/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Limited Cash-out GSE   A A A A A A A A Non QM Non QM No
[Redact] 10304277 [Redact] [Redact] 36720277     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at closing.       Reviewer Comment (2026-06-11): Sufficient Cure Provided At Closing
  06/11/2026   No 1 A A A A A A A A A A   [Redact] Primary Refinance - Limited Cash-out GSE Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10304886 [Redact] [Redact] 36444077     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-16): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-12): [Redacted]Tracking Number  [Redacted]
06/16/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Rate/Term   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10304886 [Redact] [Redact] 36715843     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).         Reviewer Comment (2026-06-11): Client elected to waive the condition on the Non-QM 1st lien
    06/11/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Rate/Term LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10304976 [Redact] [Redact] 36445771     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-12): Waived on Rate Lock: Collateral cleared by Custodian
06/12/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redact] 10304976 [Redact] [Redact] 36661364     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] versus an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-06-08): Client elected to waive the condition on the Non-QM 1st lien
    06/08/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B A A C B A A Non QM Non QM Yes
[Redact] 10304976 [Redact] [Redact] 36661368     Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver Test TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.       Reviewer Comment (2026-06-10): [Redacted] received  [Redacted] CD received 3 business days prior to consummation.


Seller Comment (2026-06-09): Please see the attached TRID Disclosure History and initial Closing disclosure
06/10/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other No Defined Cure C B A A C B A A Non QM Non QM No
[Redact] 10304976 [Redact] [Redact] 36661387     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. [Redacted]% tolerance was exceeded by $[Redacted] due to an increase in Recording fees. No valid COC provided, nor evidence of cure in file. Provide a post-close Closing Disclosure disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2026-06-08): Cured at closing or within 60 days of consummation prior to TPR review
  06/08/2026   No 2 C B C B C B C B C B   [Redact] Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
[Redact] 10304976 [Redact] [Redact] 36661388     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Loan Discount Points Fee was last disclosed as $[Redacted] on LE but was disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close Closing Disclosure disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2026-06-10): [Redacted] Received revised CD dated  [Redacted] alogn with COC.


Seller Comment (2026-06-09): [Redacted] [Redacted]Disagree: The initial LE that was issued on  [Redacted] was floating so the Discount Points can change per TILA 1026.19(e)(3)(iv)(D). On  [Redacted] the loan locked with discounts points and disclosed a LE to the borrower. Please see attached redisclosed LE, Lock Confirmation, and Final CD.
06/10/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
[Redact] 10304976 [Redact] [Redact] 36696197     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-10): Sufficient Cure Provided At Closing
  06/10/2026   No 1   A   A   A   A   A   [Redact] Primary Refinance - Cash-out - Other Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
[Redact] 10304987 [Redact] [Redact] 36446832     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-24): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-22): collateral delivered  [Redacted] via  [Redacted]tracking  [Redacted]
06/24/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C A C A A A A A   N/A No
[Redact] 10304987 [Redact] [Redact] 36715912     Credit Hazard Insurance Insufficient Coverage Hazard Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard Insurance Coverage Amount is insufficient. Coverage shortfall $[Redacted]. Provide updated Hazard Insurance Policy with Dwelling Coverage of at least $[Redacted] or Replacement Cost Estimator.       Reviewer Comment (2026-08-18): FNMA selling guide was updated on  [Redacted] and removed the previous coverage requirement calculation.  The HOI was written on a replacement cost basis and the coverage is sufficient.


Seller Comment (2026-08-18): The policy states it is written at replacement cost coverage, an RCE should not have been required or additional coverage verification requested since the policy shows the that the replacement cost coverage applies in the REMARKS section of HOI DEC Page.


Reviewer Comment (2026-08-13): RCE provided and the coverage is still insufficient by  [Redacted].  The coverage amount of $ [Redacted] is less than the loan amount and RCE.  Coverage equal to or greater than the RCE is required.  Condition remains


Seller Comment (2026-08-13): RCE


Reviewer Comment (2026-08-13): Received replacement cost calculator report, however property address is not available. Please provide the corrected RCE. Exception remains.


Seller Comment (2026-08-12): RCE


Reviewer Comment (2026-06-19): Provided HOI does not state the amount of replacement cost or percentage of replacement cost. Coverage shortfall is  [Redacted] please provide the updated HOI or HOI with guaranteed replacement cost. Exception remains.


Seller Comment (2026-06-18): policy states replacement cost optional coverage applies
08/18/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C A C A A A A A   N/A No
[Redact] 10305079 [Redact] [Redact] 36449107     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-01): Waived on Rate Lock: Collateral cleared by Custodian
06/01/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10305079 [Redact] [Redact] 36588407     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus 10% or $88.00.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-27): Sufficient Cure Provided At Closing
  05/27/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B B B A A A A Non QM Non QM Yes
[Redact] 10305079 [Redact] [Redact] 36588421     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file.             05/28/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10306665 [Redact] [Redact] 36459839     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-19): Waived on Rate Lock: Collateral cleared by Custodian
06/19/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10306677 [Redact] [Redact] 36459842     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-08): Waived on Rate Lock: Collateral cleared by Custodian
06/08/2026     No 1 A A A A A A A A A A   [Redact] Second Home Refinance - Cash-out - Other   B B B B A A A A Non QM Non QM No
[Redact] 10306677 [Redact] [Redact] 36632705     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file.             06/03/2026 No 2 B B B B B B B B B B   [Redact] Second Home Refinance - Cash-out - Other   B B B B A A A A Non QM Non QM No
[Redact] 10306686 [Redact] [Redact] 36460243     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-01): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-05-29): [Redacted]Tracking Number  [Redacted]
06/01/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10306686 [Redact] [Redact] 36603185     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%).         Reviewer Comment (2026-05-28): Client elected to waive the condition on the Non-QM 1st lien
    05/28/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10306846 [Redact] [Redact] 36460667     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-19): Waived on Rate Lock: Collateral cleared by Custodian
06/19/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Rate/Term   B B B B B B A A Non QM Non QM No
[Redact] 10306846 [Redact] [Redact] 36739422     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file.             06/17/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Rate/Term   B B B B B B A A Non QM Non QM No
[Redact] 10306846 [Redact] [Redact] 36739426     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] versus an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-06-17): Client elected to waive the condition on the Non-QM 1st lien
    06/17/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Rate/Term LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B B B B B A A Non QM Non QM Yes
[Redact] 10306846 [Redact] [Redact] 36749317     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-17): Sufficient Cure Provided At Closing
  06/17/2026   No 1 A A A A A A A A A A   [Redact] Primary Refinance - Rate/Term Final CD evidences Cure B B B B B B A A Non QM Non QM Yes
[Redact] 10306847 [Redact] [Redact] 36460668     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-08): Waived on Rate Lock: Collateral cleared by Custodian
06/08/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10306847 [Redact] [Redact] 36633660     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] versus an investor allowable total of $[Redacted].       Reviewer Comment (2026-06-03): Client elected to waive the condition on the Non-QM 1st lien
    06/03/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10307452 [Redact] [Redact] 36467627     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-24): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-23): [Redacted]Tracking Number  [Redacted]
06/24/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
[Redact] 10307452 [Redact] [Redact] 36774859     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Verification appraisal delivered to borrower was not found in file.             06/22/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
[Redact] 10307452 [Redact] [Redact] 36774860     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Verification appraisal delivered to borrower was not found in file.             06/22/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
[Redact] 10307452 [Redact] [Redact] 36774863     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-19): Sufficient Cure Provided At Closing
  06/19/2026   No 1 A A A A A A A A A A   [Redact] Primary Refinance - Rate/Term Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
[Redact] 10307452 [Redact] [Redact] 36774864     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-19): Sufficient Cure Provided At Closing
  06/19/2026   No 1 A A A A A A A A A A   [Redact] Primary Refinance - Rate/Term Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
[Redact] 10307452 [Redact] [Redact] 36774869     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - HOA verification was not found in file.       Reviewer Comment (2026-06-26): HOA verification provided. Exception cleared.


Seller Comment (2026-06-26): docs


Reviewer Comment (2026-06-26): Documentation is required. Available invoice does not have the property address, unable to verify the payments belongs to property  [Redacted] [Redacted]. Please provide the HOA verification with the property address. Exception remains.


Seller Comment (2026-06-25): See county lookup that shows [Redacted] for subject and google search. This confirms property is a part of [Redacted] HOA which matches the name on the HOA document [Redacted]


Reviewer Comment (2026-06-25): Available invoice does not have the property address, unable to verify the payments belongs to property [Redacted]. Please provide the HOA verification with the property address. Exception remains.


Seller Comment (2026-06-24): See [Redacted].
06/26/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
[Redact] 10307545 [Redact] [Redact] 36468461     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-30): Waived on Rate Lock: Collateral cleared by Custodian
06/30/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   C B C B A A A A   N/A No
[Redact] 10307545 [Redact] [Redact] 36819968     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the preliminary in file.             06/25/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   C B C B A A A A   N/A No
[Redact] 10307545 [Redact] [Redact] 36819976     Credit Hazard Insurance Insufficient Coverage Hazard Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage is insufficient by $[Redacted]. Provide an updated policy reflecting minimum coverage of $[Redacted], or provide a copy of the insurer's replacement cost estimate supporting the current coverage amount.       Reviewer Comment (2026-08-18): FNMA selling guide was updated on  [Redacted] and removed the previous coverage requirement calculation.  The HOI was written on a replacement cost basis and the coverage is sufficient.
08/18/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C B A A A A   N/A No
[Redact] 10307542 [Redact] [Redact] 36468679     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-09): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-05): [Redacted]Tracking Number  [Redacted]
06/09/2026     No 1 A A A A A A A A A A   [Redact] Second Home Refinance - Rate/Term   A A A A A A A A Non QM Non QM No
[Redact] 10307550 [Redact] [Redact] 36468853     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-15): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-12): [Redacted]Tracking Number  [Redacted]
06/15/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10307550 [Redact] [Redact] 36714876     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-06-11): Client elected to waive the condition on the Non-QM 1st lien
    06/11/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10307688 [Redact] [Redact] 36470203     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-08): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-03): Note tracking:  [Redacted]
06/08/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B C B A A A A Non QM Non QM No
[Redact] 10307688 [Redact] [Redact] 36582011     Credit Guideline Guideline Issue Guideline Missing required Transcript (1040) or W-2 Transcript. -         Reviewer Comment (2026-06-01): Received and associated W-2 Transcript. Exception cleared.


Seller Comment (2026-05-29): attached


Reviewer Comment (2026-05-29): Received W-2. Please provide the 1040 Transcript or W-2 Transcript. Exception remains.


Seller Comment (2026-05-28): attached
06/01/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C B A A A A Non QM Non QM No
[Redact] 10307688 [Redact] [Redact] 36582014     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing documentation to verify the REO expenses for the departure residence.       Reviewer Comment (2026-05-29): Documentation to verify the REO expenses provided


Seller Comment (2026-05-29): attached
05/29/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C B A A A A Non QM Non QM No
[Redact] 10307688 [Redact] [Redact] 36582037     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Ten Percent Fee Tolerance was exceeded. The total amount of $[Redacted] exceeds the tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2026-05-26): Sufficient Cure Provided At Closing
  05/26/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure C B C B A A A A Non QM Non QM Yes
[Redact] 10307688 [Redact] [Redact] 36588207     Credit Guideline Guideline Issue Guideline The property site acres is greater than 10 acres which does not meet guidelines. - Site Acres: ___ Per the guidelines, properties with > [Redacted] acres are ineligible.  The subject property is located on [Redacted] acres.  Note: client exception approval in file; however the client's compensating factors were not provided. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum.

Borrower has been employed in the same industry for more than [Redacted] years.

Borrower has verified disposable income of at least $[Redacted].

Borrower has worked in the same position for more than [Redacted] years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months.

Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%.

The representative FICO score exceeds the guideline minimum by at least [Redacted] points.
DTI [Redacted] where [Redacted] is maximum

Reserves of [Redacted] [Redacted] the requirements

LTV of [Redacted] where [Redacted] is maximum
[Redact] ,Originator Pre-Close,Aggregator

[Redact]

[Redact]

[Redact]

Originator Pre-Close,Aggregator,[Redact]

[Redact]

[Redact]

Originator Pre-Close,Aggregator,[Redact]

[Redact] 
Reviewer Comment (2026-05-29): Client elected to waive the condition with the following Compensating Factors:
LTV of  [Redacted]where  [Redacted]is maximum
Reserves of [Redacted] [Redacted] the requirements
Credit Depth:  [Redacted] years mortgage history  [Redacted] years trade history paid as agreed.
DTI  [Redacted]where  [Redacted]is maximum


Seller Comment (2026-05-28): Please escalate this to your management to clear this. This was already approved by [Redacted].
    05/29/2026 Yes 2 C B C B C B C B C B   [Redact] Primary Purchase   C B C B A A A A Non QM Non QM No
[Redact] 10308058 [Redact] [Redact] 36473209     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-09): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-08): [Redacted] Tracking Number  [Redacted]
06/09/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10308291 [Redact] [Redact] 36473713     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-08): Waived on Rate Lock: Collateral cleared by Custodian
06/08/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10308291 [Redact] [Redact] 36656386     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   The file is missing the source bank statement for the EMD of $[Redacted]. The file contained a copy of the wire receipt; however, the source from which the EMD was drawn could not be determined.       Reviewer Comment (2026-06-11): Updated 401k use to  [Redacted]% and removed exclusion from closing.


Reviewer Comment (2026-06-11): Received same documents which are already available in file. The [Redacted] brokerage account has been fully utilized and excluded from funds required for closing due to the absence of liquidation proof. As per DU guidelines, liquidation documentation is required to include these funds for closing. Additionally, please provide a bank statement confirming the source of the Earnest Money Deposit (EMD) amount of  [Redacted] Exception remains.


Seller Comment (2026-06-10): [Redacted] [Redacted]: Please see the attached asset statement on the guidelines form Fannie Mae. The total funds available for closing is  [Redacted]  [Redacted] + [Redacted]1  [Redacted] -  [Redacted] ( [Redacted] Health Loan) -  [Redacted] (backed out EMD) -  [Redacted] (Total reserves) =  [Redacted], all non-liquid funds. The required cash to close is  [Redacted]. The available non liquid funds exceeds the cash to close by  [Redacted]. Per Fannie Mae B3-4.3-01, as the non-liquid funds exceeds the amount of required funds by at least  [Redacted] proof of liquidation is not required. Sufficient assets were documented to cover the required cash to close


Seller Comment (2026-06-10): [Redacted] [Redacted]: Please see the attached asset statement on the guidelines form Fannie Mae. The total funds available for closing is $ [Redacted]( [Redacted][Redacted]) +$ [Redacted] [Redacted]h) - $ [Redacted]([Redact] Health Loan) - $ [Redacted](backed out EMD) - $ [Redacted](Total reserves) = $ [Redacted], all non-liquid funds. The required cash to close is $ [Redacted]. The available non liquid funds exceeds the cash to close by  [Redacted]. Per Fannie Mae  [Redacted], as the non-liquid funds exceeds the amount of required funds by at least  [Redacted]% proof of liquidation is not required. Sufficient assets were documented to cover the required cash to close


Seller Comment (2026-06-10): [Redacted] [Redacted]: Please see the attached asset statement on the guidelines form Fannie Mae. The total funds available for closing is $ [Redacted]( [Redacted]) +$ [Redacted]( [Redacted]) - $ [Redacted]( [Redacted] Loan) - $ [Redacted](backed out EMD) - $ [Redacted] (Total reserves) = $ [Redacted], all non-liquid funds. The required cash to close is $ [Redacted]. The available non liquid funds exceeds the cash to close by  [Redacted]%. Per Fannie Mae B3-4.3-01, as the non-liquid funds exceeds the amount of required funds by at least 20% proof of liquidation is not required. Sufficient assets were documented to cover the required cash to close


Reviewer Comment (2026-06-08): The lender used 100% of account  [Redacted]to qualify.  Per the DU, proof of liquidation is required if the stock account value is at least [Redacted]% more than the amount of funds needed.  The amount of funds needed to close is $ [Redacted]and the account is not > 20% more than the amount needed to close; therefore, the stock account was used at 80% funds available to close to qualify.  Proof of the EMD is required.  Note: wire confirmation in file for the funds sent to the title company to close originated from a bank account not documented in file.  Proof of the funds from account  [Redacted]to the CU of So Cal account from where the funds to close were wired will verify proof of liquidation.  The condition is valid and remains open


Seller Comment (2026-06-08): [Redacted] [Redacted] : There is no need to source the Earnest Money Deposit (EMD) as the borrower possesses sufficient funds in their bank statements. We will apply the EMD against the funds shown in their [Redacted] accounts. Following this adjustment, the borrower will still have adequate assets to cover the cash to close and required reserves. Bank statements showing account  [Redacted]with balance of  [Redacted]where the EMD was back out from. The new balance is  [Redacted]


Reviewer Comment (2026-06-05): Received 401K and [Redacted] statements, however unable to determine the EMD  [Redacted]. Please provide the bank statement showing the source of deposit EMD amount of [Redacted]. Exception Remains.


Seller Comment (2026-06-04): [Redacted] [Redacted]: Please see the attached bank statements showing account  [Redacted]with balance of  [Redacted]where the EMD was back out from. The new balance is [Redacted] and [Redacted] this equal to  [Redacted] where the CD shows the borrower needs to bring  [Redacted]


Seller Comment (2026-06-04): [Redacted][Redacted]: Please see the attached bank statements showing account  [Redacted]with balance of  [Redacted]where the EMD was back out from. The new balance is  [Redacted]and  [Redacted]this equal to  [Redacted]where the CD shows the borrower needs to bring  [Redacted]


Seller Comment (2026-06-04): [Redacted][Redacted]: Please see the attached bank statements showing account  [Redacted] with balance of  [Redacted] where the EMD was back out from. The new balance is  [Redacted] and  [Redacted] this equal to  [Redacted] where the CD shows the borrower needs to bring  [Redacted]
06/11/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10308291 [Redact] [Redact] 36718647     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-06-12): Gave 100% for  [Redacted]stock account, EMD was being backed out from this account on 1003 resulted in a lower balance.


Seller Comment (2026-06-12): [Redacted][Redacted]: Please see the attached two non-liquid accounts one at  [Redacted]( the actual balance is  [Redacted]- [Redacted]EMD since it's not sourced)  the other at  [Redacted] this totals  [Redacted] in non-liquid assets. They're required reserves is  [Redacted]( which is the [Redacted] account and the product requirements)  [Redacted]-  [Redacted] =  [Redacted]  [Redacted] [Redacted] =  [Redacted] in available cash to close. We don't add back the EMD to the cash to close since we're off setting it by backing out from the assets in file.


Seller Comment (2026-06-12): [Redacted] [Redacted]: Please see the attached two non-liquid accounts one at  [Redacted] ( the actual balance is  [Redacted] -  [Redacted] EMD since it's not sourced)  the other at  [Redacted] this totals  [Redacted] in non-liquid assets. They're required reserves is  [Redacted]( which is the [Redact] account and the product requirements)  [Redacted] -  [Redacted] =  [Redacted]  [Redacted]/ [Redacted] =  [Redacted] in available cash to close. We don't add back the EMD to the cash to close since we're off setting it by backing out from the assets in file.


Seller Comment (2026-06-12): [Redacted] [Redacted]: Please see the attached two non-liquid accounts one at  [Redacted] ( the actual balance is  [Redacted] -  [Redacted]EMD since it's not sourced)  the other at  [Redacted] this totals vin non-liquid assets. They're required reserves is  [Redacted] ( which is the [Redacted] account and the product requirements)  [Redacted]-  [Redacted] =  [Redacted]  [Redacted]/ [Redacted] =  [Redacted] in available cash to close. We don't add back the EMD to the cash to close since we're off setting it by backing out from the assets in file.
06/12/2026     No 1   A   A   A   A   A   [Redact] Primary Purchase   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10309085 [Redact] [Redact] 36479579     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-08): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-03): (Rate Lock) Note tracking  [Redacted]
06/08/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Cash-out - Other   B B B B B B A A Exempt from ATR Exempt from ATR No
[Redact] 10309085 [Redact] [Redact] 36604249     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. The verification appraisal delivered to the borrower was not provided.             05/29/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   B B B B B B A A Exempt from ATR Exempt from ATR No
[Redact] 10309085 [Redact] [Redact] 36610700     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower purchased property [Redacted] where [Redacted] months title seasoning is required for cash out transactions. Borrower has been employed in the same industry for more than [Redacted] years.

Borrower has verified disposable income of at least $[Redacted].

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months.

The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least [Redacted] points.
DTI is [Redacted] where [Redacted] is maximum

FICO [Redacted] where [Redacted] is minimum
[Redact]

[Redact]

[Redact]

Aggregator,[Redact]

Aggregator,[Redact] 
Reviewer Comment (2026-05-29): Client elected to waive the condition with the following Compensating Factors:
Assets  [Redacted]- liquid where  [Redacted] is required. (3X)
DTI is  [Redacted] where  [Redacted] is maximum
FICO  [Redacted]where  [Redacted]is minimum
    05/29/2026 Yes 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   B B B B B B A A Exempt from ATR Exempt from ATR No
[Redact] 10309089 [Redact] [Redact] 36480097     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-11): Waived on Rate Lock: Collateral cleared by Custodian
06/11/2026     No 1 A A A A A A A A A A   [Redact] Second Home Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redact] 10309089 [Redact] [Redact] 36662029     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Second Appraisal Fee was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. But cure was provided.       Reviewer Comment (2026-06-04): Sufficient Cure Provided At Closing
  06/04/2026   No 1 A A A A A A A A A A   [Redact] Second Home Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10309147 [Redact] [Redact] 36481231     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-11): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-05): (Rate Lock)  [Redacted]


Seller Comment (2026-06-04): note delivered


Seller Comment (2026-05-26): (Rate Lock) Note Tracking  [Redacted]
06/11/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   D B C A D B A A Exempt from ATR Exempt from ATR No
[Redact] 10309147 [Redact] [Redact] 36529834     Credit Insurance Insurance Analysis Insurance The Flood Insurance Policy effective date is after the Note Date.   The Flood Insurance policy effective date is after the note date       Reviewer Comment (2026-05-21): Note provided and Note date updated.  HOI coverage in effect at or prior to Note date.


Seller Comment (2026-05-21): note and final cd reflect closing date of d  [Redacted]. Policy dates on or before the closing date should be sufficient.  [Redacted] date is acceptable per agency.


Seller Comment (2026-05-21): note and final cd reflect closing date of d [Redacted] Policy dates on or before the closing date should be sufficient.  [Redacted]date is acceptable per agency.
05/21/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   D B C A D B A A Exempt from ATR Exempt from ATR No
[Redact] 10309147 [Redact] [Redact] 36529870     Compliance Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided   The file is missing a copy of Note - Subject Lien.       Reviewer Comment (2026-05-21): Note provided


Seller Comment (2026-05-21): note attached
05/21/2026     No 1 D A D A D A D A D A   [Redact] Investment Purchase   D B C A D B A A Exempt from ATR Exempt from ATR No
[Redact] 10309147 [Redact] [Redact] 36529876     Credit Insurance Insurance Documentation Insurance Missing Document: Flood Insurance Policy not provided   The file is missing a copy of Flood Insurance Policy.       Reviewer Comment (2026-05-21): Flood dec page provided


Seller Comment (2026-05-21): flood insurance attached
05/21/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   D B C A D B A A Exempt from ATR Exempt from ATR No
[Redact] 10309147 [Redact] [Redact] 36534869     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Higher Priced as Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more HPML thresholds. Additional compliance testing required to determine if loan would be a compliant or non-compliant HPML. The borrower selected "yes" they will occupy the property as their primary residence in the declarations section of the initial 1003.             05/19/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   D B C A D B A A Exempt from ATR Exempt from ATR No
[Redact] 10309147 [Redact] [Redact] 36716618     Credit Collateral Missing/Incorrect Collateral Collateral report shows issues with Note.   Closing Date Does Not Agree with Schedule SCH: [Redacted]              NOTE: [Redacted]       Buyer Comment (2026-06-11): Waived on Rate Lock: Collateral cleared by Custodian
06/11/2026     No 1   A   A   A   A   A   [Redact] Investment Purchase   D B C A D B A A Exempt from ATR Exempt from ATR No
[Redact] 10309549 [Redact] [Redact] 36486883     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-04): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-02): (Rate Lock)  [Redacted]
06/04/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10309549 [Redact] [Redact] 36642169     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. The verification appraisal delivered to the borrower was not provided.             06/02/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10309549 [Redact] [Redact] 36644827     Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address.   The address on the HOI declarations page does not match the note address. The HOI declarations page identified the property as [Redacted] and the Note (and other documents in file, including title) identified the property as [Redacted]. Provide a revised HOI declarations page.       Reviewer Comment (2026-06-22): Revised HOI dec page provided


Seller Comment (2026-06-22): Attaching the updated [Redacted] declarations page the updated HOI now reflects the insured location as  [Redacted] [Redacted]  [Redacted]  Please Clear.
06/22/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10309549 [Redact] [Redact] 36644832     Credit System General Appraisal Reconciliation Valuation address does not match Note address. - The address on the appraisal does not match the note address. The appraisal identified the property as [Redacted] and the Note (and other documents in file, including title) identified the property as [Redacted]. Provide a revised appraisal.       Reviewer Comment (2026-06-23): Revised appraisal provided


Seller Comment (2026-06-23): Attaching the updated appraisal documents that now reflects the subject property address as  [Redacted][Redacted]  [Redacted]. Please Clear.


Seller Comment (2026-06-23): Attaching the updated appraisal documents that now reflects the subject property address as  [Redacted][Redacted]  [Redacted]Please Clear.
06/23/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10313351 [Redact] [Redact] 36490362     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-25): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-23): [Redacted]Tracking Number  [Redacted]
06/25/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10313351 [Redact] [Redact] 36777805     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%).       Reviewer Comment (2026-06-22): Client elected to waive the condition on the Non-QM 1st lien
    06/22/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10313349 [Redact] [Redact] 36490390     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-15): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-12): [Redacted]Tracking Number  [Redacted]
06/15/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B B B A A C A Non QM Non QM No
[Redact] 10313349 [Redact] [Redact] 36715717     Property Credit General Credit The property type differs between the valuation documents in file. Unable to verify the property type.  Ineligible per guidelines.   The property type differs between the valuations captured.       Reviewer Comment (2026-06-17): Updated appraisal provided


Seller Comment (2026-06-17): please see updated 1st appraisal with PUD box checked
06/17/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B B B A A C A Non QM Non QM No
[Redact] 10313349 [Redact] [Redact] 36715718     Credit Title Document Error Title The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.             06/11/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   C B B B A A C A Non QM Non QM No
[Redact] 10313518 [Redact] [Redact] 36502015     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-01): Waived on Rate Lock: Collateral cleared by Custodian
06/01/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10313518 [Redact] [Redact] 36581874     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-26): Sufficient Cure Provided At Closing
  05/26/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10313607 [Redact] [Redact] 36503319     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-08): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-04): [Redacted] Tracking Number  [Redacted]
06/08/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10313607 [Redact] [Redact] 36650400     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%).         Reviewer Comment (2026-06-03): Client elected to waive the condition on the Non-QM 1st lien
    06/03/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10313623 [Redact] [Redact] 36503932     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-15): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-12): [Redacted]Tracking Number  [Redacted]
06/15/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10313623 [Redact] [Redact] 36716478     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-11): Sufficient Cure Provided At Closing
  06/11/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
[Redact] 10313623 [Redact] [Redact] 36716479     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-11): Sufficient Cure Provided At Closing
  06/11/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
[Redact] 10313623 [Redact] [Redact] 36717384     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. The verification appraisal delivered to the borrower was not provided.             06/11/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10313626 [Redact] [Redact] 36504451     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-26): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-24): [Redacted]Tracking Number  [Redacted]
06/26/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A A A C A A A Non QM Non QM No
[Redact] 10313626 [Redact] [Redact] 36778354     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted] compared to the calculated Amount Financed of $[Redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). Finance Charge disclosed is $[Redacted]. Calculated finance charge is $[Redacted]. Variance of $[Redacted]. Based on review of Lender's compliance report, Loan Safe Report Fee and -$[Redacted] of the 7-day extension was not included in finance charge calculation. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected Closing Disclosure, and Re-open Rescission if Applicable.       Reviewer Comment (2026-06-24): Data Entry
adjusted extension fee.


Seller Comment (2026-06-23): please see our compliance report doc [Redacted] page [Redacted].  the - [Redacted]  [Redacted]day extension was included in our calculations.  please include it in yours.  total finance fees are  [Redacted]
06/24/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) C A A A C A A A Non QM Non QM Yes
[Redact] 10313626 [Redact] [Redact] 36778355     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[Redacted] is under disclosed by $[Redacted] compared to the calculated Finance Charge of $[Redacted] which exceeds the $[Redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). Finance Charge disclosed is $[Redacted]. Calculated finance charge is $[Redacted]. Variance of $[Redacted]. Based on review of Lender's compliance report, Loan Safe Report Fee and -$[Redacted] of the 7-day extension was not included in finance charge calculation. TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected Closing Disclosure, and Re-open Rescission if Applicable.       Reviewer Comment (2026-06-24): Data Entry
adjusted extension fee.


Seller Comment (2026-06-23): please see our compliance report doc [Redacted] page [Redacted].  the - [Redacted] day extension was included in our calculations.  please include it in yours.  total finance fees are  [Redacted]
06/24/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) C A A A C A A A Non QM Non QM Yes
[Redact] 10313628 [Redact] [Redact] 36504512     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-15): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-12): [Redacted]Tracking Number  [Redacted]
06/15/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Debt Consolidation   A A A A A A A A Non QM Non QM No
[Redact] 10313628 [Redact] [Redact] 36717314     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $398.30 exceeds tolerance of $319.00.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-11): Sufficient Cure Provided At Closing
  06/11/2026   No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Debt Consolidation Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10313628 [Redact] [Redact] 36717315     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $150.00 exceeds tolerance of $0.00.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-11): Sufficient Cure Provided At Closing
  06/11/2026   No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Debt Consolidation Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10314292 [Redact] [Redact] 36517589     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-06): Waived on Rate Lock: Collateral cleared by Custodian
07/06/2026     No 1 A A A A A A A A A A   [Redact] Second Home Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10314292 [Redact] [Redact] 36876165     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not High Cost and Not Higher Priced The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Second Home).               07/02/2026 No 2 B B B B B B B B B B   [Redact] Second Home Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10314721 [Redact] [Redact] 36525563     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-15): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-11): [Redacted]Tracking Number  [Redacted]
06/15/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Rate/Term   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10314721 [Redact] [Redact] 36667128     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted]       Reviewer Comment (2026-06-08): Client elected to waive the condition on the Non-QM 1st lien
    06/08/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Rate/Term LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10314804 [Redact] [Redact] 36529208     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-23): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-22): [Redacted]Tracking Number  [Redacted]
06/23/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10314927 [Redact] [Redact] 36530810     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-29): Waived on Rate Lock: Collateral cleared by Custodian
06/29/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10314927 [Redact] [Redact] 36820541     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Employment Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure was provided at closing       Reviewer Comment (2026-06-25): Sufficient Cure Provided At Closing
  06/25/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redact] 10315478 [Redact] [Redact] 36539418     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-15): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-12): [Redacted]Tracking Number  [Redacted]
06/15/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10315478 [Redact] [Redact] 36716218     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.               06/11/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10315489 [Redact] [Redact] 36539869     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-05): Waived on Rate Lock: Collateral cleared by Custodian
06/05/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10315534 [Redact] [Redact] 36540336     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-10): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-05): (Rate Lock)  [Redacted]
06/10/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B C B A A A A Non QM Non QM No
[Redact] 10315534 [Redact] [Redact] 36661600     Credit Credit Miscellaneous Guideline Credit Exception:   Client exception in file to allow using the [Redacted] YTD income to qualify, as the loan would not have qualified if it was based on [Redacted] months income with statement ending in [Redacted]. However, the client exception approval form is not in file. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months.

Borrower has been employed in the same industry for more than [Redacted] years.

Borrower has verified disposable income of at least $[Redacted].

Borrower has worked in the same position for more than [Redacted] years.

Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted].

The representative FICO score exceeds the guideline minimum by at least [Redacted] points.
Post close assets: $[Redacted] [Redacted] months reserves where [Redacted] is required. [Redacted]

Job Stability self employed at same business [Redacted] years.
[Redact] ,Originator Pre-Close,Aggregator

Aggregator,[Redact]

[Redact]

[Redact]

[Redact]

[Redact] 
Reviewer Comment (2026-06-08): Client elected to waive the condition with the following Compensating Factors:
Post close assets:  [Redacted] months reserves where  [Redacted] is required.  [Redacted]
Job Stability self employed at same business [Redacted] years.
LTV  [Redacted]where  [Redacted]is maximum


Seller Comment (2026-06-05): Attached the [Redacted] Approved Exception.  Please Waive.
    06/08/2026 Yes 2 C B C B C B C B C B   [Redact] Primary Purchase   C B C B A A A A Non QM Non QM No
[Redact] 10317319 [Redact] [Redact] 36546990     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-17): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-15): (Rate Lock) ORIGINAL NOTE DELIVERED  [Redacted]PER  [Redacted] [Redacted]
06/17/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10317319 [Redact] [Redact] 36724957     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Borrower waived the right to receive a copy of the appraisal at least three (3) business days prior to closing, and the appraisal was not provided at or before closing.             06/15/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10317805 [Redact] [Redact] 36547486     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-23): Waived on Rate Lock: Collateral cleared by Custodian
06/23/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10317805 [Redact] [Redact] 36730166     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2026-06-15): Sufficient Cure Provided At Closing
  06/15/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10318019 [Redact] [Redact] 36548034     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-10): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-05): (Rate Lock)  [Redacted]
06/10/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10318019 [Redact] [Redact] 36655208     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements.             06/04/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10318020 [Redact] [Redact] 36548260     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-06): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-07-02): (Rate Lock)  [Redacted]
07/06/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10213783 [Redact]   36552983     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). EV2 Informational       Buyer Comment (2026-04-17): Acknowledged non material
    04/17/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Rate/Term LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A N/A N/A Yes
[Redact] 10213783 [Redact]   36552984     Credit Insurance Insurance Documentation Insurance Missing Document: Flood Insurance Policy not provided   The subject property is located in an [Redacted] flood zone; therefore, a flood insurance policy is required.       Reviewer Comment (2026-04-21): Received Flood insurance Policy. Exception cleared.


Buyer Comment (2026-04-20): Flood Insurance
04/21/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C B C A B B A A N/A N/A No
[Redact] 10213783 [Redact]   36552985     Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided   The property is a condominium; therefore, a master insurance policy is required.       Reviewer Comment (2026-04-23): Received master insurance Policy. Exception cleared.


Buyer Comment (2026-04-22): Master Policy
04/23/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C B C A B B A A N/A N/A No
[Redact] 10213783 [Redact]   36552986     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Tax Certificate not provided   The tax certificate is missing. The tax cert provided is blank.       Reviewer Comment (2026-04-21): Received Tax cert. Exception cleared.


Buyer Comment (2026-04-20): Tax Info Sheet
04/21/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C B C A B B A A N/A N/A No
[Redact] 10213783 [Redact]   36552987     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file. Missing Closing/Escrow Instructions. [Redacted]       Reviewer Comment (2026-04-21): Received Corrected title commitment with updated Loan policy amount. Exception cleared.


Buyer Comment (2026-04-20): Title
04/21/2026     No 1 B A B A B A B A B A   [Redact] Investment Refinance - Rate/Term   C B C A B B A A N/A N/A No
[Redact] 10213783 [Redact]   36552988     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Although the VOR is present in the file, it contains a future-date of [Redacted]; therefore, the date cannot be calculated. Missing current VOR for [Redacted].       Reviewer Comment (2026-05-08): Received VOR from management company confirming renal history since  [Redacted]. Exception Cleared.


Buyer Comment (2026-05-06): VOR
05/08/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C B C A B B A A N/A N/A No
[Redact] 10213783 [Redact]   36552990     Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Title report reflects "[Redacted]". CDA reflects "[Redacted]"
The credit docs to be updated to match title or client to accept as is.
      Reviewer Comment (2026-04-23): Received CDA with updated city name on the address. Exception Cleared.


Buyer Comment (2026-04-23): CDA
04/23/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C B C A B B A A N/A N/A No
[Redact] 10213783 [Redact]   36552991     Credit Missing Document General Missing Document Missing Document: Condo/PUD Warranty not provided   Missing verification stating the condo is warrantable. Condominiums located in [Redacted] must meet all Agency requirements and are not eligible as non-warrantable condominiums.       Reviewer Comment (2026-04-23): Received Lender certification with regards to the warrantable condo. Exception cleared.


Buyer Comment (2026-04-22): Lender's response: Limited Review- [Redacted] guidelines does not require Fannie Mae Approval
04/23/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C B C A B B A A N/A N/A No
[Redact] 10318919 [Redact] [Redact] 36557949     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-19): Waived on Rate Lock: Collateral cleared by Custodian
06/19/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10318919 [Redact] [Redact] 36726276     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at closing.       Reviewer Comment (2026-06-12): Sufficient Cure Provided At Closing
  06/12/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redact] 10318919 [Redact] [Redact] 36730915     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: AUS not provided           Reviewer Comment (2026-06-17): Received and associated AUS. Exception cleared.


Seller Comment (2026-06-17): [Redacted] - [Redacted]: Please see attached.
06/17/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10319297 [Redact] [Redact] 36564530     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-11): Waived on Rate Lock: Collateral cleared by Custodian
06/11/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10319297 [Redact] [Redact] 36662933     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-06-08): Client elected to waive the condition on the Non-QM 1st lien
    06/08/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10319297 [Redact] [Redact] 36673960     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-08): Sufficient Cure Provided At Closing
  06/08/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
[Redact] 10319297 [Redact] [Redact] 36673961     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-08): Sufficient Cure Provided At Closing
  06/08/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
[Redact] 10322726 [Redact] [Redact] 36582044     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-11): Waived on Rate Lock: Collateral cleared by Custodian
06/11/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10322726 [Redact] [Redact] 36694961     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the original loan amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an original loan amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted].       Reviewer Comment (2026-06-10): Client elected to waive the condition on the Non-QM 1st lien
    06/10/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10324611 [Redact] [Redact] 36586695     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-06): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-07-06): (Rate Lock)  [Redacted]
07/06/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10324611 [Redact] [Redact] 36872811     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).         Reviewer Comment (2026-07-02): Client elected to waive the condition on the Non-QM 1st lien
    07/02/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10324610 [Redact] [Redact] 36586721     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-02): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-07-01): (Rate Lock)  [Redacted]
07/02/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10325318 [Redact] [Redact] 36588545     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-26): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-23): (Rate Lock)  [Redacted]
06/26/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redact] 10325317 [Redact] [Redact] 36588727     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-29): Waived on Rate Lock: Collateral cleared by Custodian
06/29/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10325379 [Redact] [Redact] 36589325     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-23): Waived on Rate Lock: Collateral cleared by Custodian
06/23/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10325379 [Redact] [Redact] 36731159     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Second Appraisal Fee was last disclosed as $[Redacted] on Loan Estimate but disclosed as $[Redacted] on Final Closing Disclosure. File does contain a cure with the amount $[Redacted] which is sufficient.       Reviewer Comment (2026-06-15): Sufficient Cure Provided At Closing
  06/15/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10325841 [Redact] [Redact] 36601072     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-17): Buyer/[Redacted] received all collateral docs today, [Redacted]. Tracking #  [Redacted]
06/18/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   D A C A D A A A Exempt from ATR Exempt from ATR No
[Redact] 10325841 [Redact] [Redact] 36721540     Compliance Compliance Federal Compliance Missing Non-Required Data Disbursement Date Missing Test Disbursement Date Missing: Evidence of disbursement date not found in file. Note Interest Accrual Start Date of [Redacted] used as disbursement date for compliance testing.         Reviewer Comment (2026-06-15): Final settlement statement provided


Seller Comment (2026-06-15): Final closing statement, signed by all and includes Disbursement date
06/15/2026     No 1 B A B A B A B A B A   [Redact] Investment Purchase   D A C A D A A A Exempt from ATR Exempt from ATR No
[Redact] 10325841 [Redact] [Redact] 36721541     Compliance Compliance Federal Compliance TRID Defect Missing Closing Disclosure:  No Document Used For Fee Testing Missing Final Closing Disclosure. No document containing fees provided. Any applicable Federal, State or Local compliance testing is unreliable. No document containing fees provided. Any applicable Federal, State or Local compliance testing is unreliable.       Reviewer Comment (2026-06-15): Final settlement statement provided


Seller Comment (2026-06-15): Final closing statement signed by all
06/15/2026     No 1 D A D A D A D A D A   [Redact] Investment Purchase   D A C A D A A A Exempt from ATR Exempt from ATR No
[Redact] 10325841 [Redact] [Redact] 36721578     Compliance Compliance Miscellaneous Compliance Compliance Missing Document: Closing Disclosure not provided   Closing disclosure document is missing in the file.       Reviewer Comment (2026-06-15): Final settlement statement provided


Seller Comment (2026-06-15): Final closing statement signed by all
06/15/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   D A C A D A A A Exempt from ATR Exempt from ATR No
[Redact] 10325841 [Redact] [Redact] 36721579     Credit Compliance Miscellaneous Compliance Compliance Missing Document: Loan Estimate not provided   Loan estimate document is not provided.       Reviewer Comment (2026-06-15): Final settlement statement provided; LE is not required


Seller Comment (2026-06-15): This is a business purpose loan, Loan Estimate is not required.
06/15/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   D A C A D A A A Exempt from ATR Exempt from ATR No
[Redact] 10325841 [Redact] [Redact] 36721582     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003   Final 1003 document is missing in the file.       Reviewer Comment (2026-06-15): Initial and final 1003 provided


Seller Comment (2026-06-15): Final 1003
06/15/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   D A C A D A A A Exempt from ATR Exempt from ATR No
[Redact] 10325841 [Redact] [Redact] 36724228     Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003           Reviewer Comment (2026-06-15): Initial and final 1003 provided


Seller Comment (2026-06-15): Initial 1003
06/15/2026     No 1 B A B A B A B A B A   [Redact] Investment Purchase   D A C A D A A A Exempt from ATR Exempt from ATR No
[Redact] 10326631 [Redact] [Redact] 36604292     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-19): Waived on Rate Lock: Collateral cleared by Custodian
06/19/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10326631 [Redact] [Redact] 36731362     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing. Second Appraisal Fee was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure. File does contain a cure with the amount $[Redacted] which is sufficient.       Reviewer Comment (2026-06-15): Sufficient Cure Provided At Closing
  06/15/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10326626 [Redact] [Redact] 36604295     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-18): Waived on Rate Lock: Collateral cleared by Custodian
06/18/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10326626 [Redact] [Redact] 36715771     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%).         Reviewer Comment (2026-06-11): Client elected to waive the condition on the Non-QM 1st lien
    06/11/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10327650 [Redact] [Redact] 36610717     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-26): Waived on Rate Lock: Collateral cleared by Custodian
06/26/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10327650 [Redact] [Redact] 36771970     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-19): Sufficient Cure Provided At Closing
  06/19/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10328072 [Redact] [Redact] 36630356     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-02): Waived on Rate Lock: Collateral cleared by Custodian
07/02/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10328076 [Redact] [Redact] 36630532     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-02): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-07-01): [Redacted] Tracking Number  [Redacted]
07/02/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   A A A A A A A A Exempt from ATR Exempt from ATR No
[Redact] 10329083 [Redact] [Redact] 36633796     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-26): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-24): (Rate Lock)  [Redacted]
06/26/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10329083 [Redact] [Redact] 36760925     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-06-22): Client elected to waive the condition on the Non-QM 1st lien
    06/22/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10329315 [Redact] [Redact] 36634122     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-02): Waived on Rate Lock: Collateral cleared by Custodian
07/02/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10329315 [Redact] [Redact] 36833117     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Loan Discount Points Fee was last disclosed as $[Redacted] on the Loan Estimate but disclosed as $[Redacted] on the Final Closing Disclosure. The file does not contain a valid Change of Circumstance for this fee, nor evidence of cure in the file. Provide a post-closing Closing Disclosure disclosing the tolerance cure to include $[Redacted], a copy of the refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2026-07-02): [Redacted] received COC and CD dated [Redacted]


Seller Comment (2026-06-30): [Redacted] [Redacted] Please see attached Change in Circumstance forms, and corresponding disclosure. On [Redacted] the rate changed, affecting the LLPA, negative pricing disclosed on the  [Redacted]CD


Seller Comment (2026-06-30): [Redacted] [Redacted] Please see attached Change in Circumstance forms, and corresponding disclosure. On [Redacted] the rate changed, affecting the LLPA, negative pricing disclosed on the  [Redacted] CD
07/02/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redact] 10329315 [Redact] [Redact] 36833118     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Courier / Express Mail / Messenger Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Courier/Express Mail/Messenger Fee was last disclosed as $[Redacted] on the Loan Estimate but disclosed as $[Redacted] on the Final Closing Disclosure. The file does not contain a valid Change of Circumstance for this fee, nor evidence of cure in the file. Provide a post-closing Closing Disclosure disclosing the tolerance cure to include $[Redacted], a copy of the refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2026-06-26): Cured at closing or within  [Redacted]days of consummation prior to TPR review
  06/26/2026   No 2 C B C B C B C B C B   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redact] 10329315 [Redact] [Redact] 36868962     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Courier / Express Mail / Messenger Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-07-02): Sufficient Cure Provided At Closing
  07/02/2026   No 1   A   A   A   A   A   [Redact] Primary Purchase Final CD evidences Cure C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redact] 10329678 [Redact] [Redact] 36642059     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-25): Waived on Rate Lock: Collateral cleared by Custodian
06/25/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10329774 [Redact] [Redact] 36644870     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-01): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-29): [Redacted] tracking #   [Redacted]
07/01/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10329774 [Redact] [Redact] 36823586     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification of appraisal delivery to the borrower was not provided.             06/25/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10329774 [Redact] [Redact] 36823587     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge totaled $[Redacted] on an Original Loan Amount of $[Redacted], versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Reviewer Comment (2026-06-30): Client elected to waive the condition on the Non-QM 1st lien


Seller Comment (2026-06-29): please see our compliance report and attached screen shot showing discount points are to be excluded from testing.
    06/30/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10329779 [Redact] [Redact] 36645067     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-23): Waived on Rate Lock: Collateral cleared by Custodian
06/23/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   B B B B B B A A Non QM Non QM No
[Redact] 10329779 [Redact] [Redact] 36742216     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file.             06/18/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Cash-out - Other   B B B B B B A A Non QM Non QM No
[Redact] 10329779 [Redact] [Redact] 36742238     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).         Reviewer Comment (2026-06-18): Client elected to waive the condition on the Non-QM 1st lien
    06/18/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B B B B B A A Non QM Non QM Yes
[Redact] 10330353 [Redact] [Redact] 36653733     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-01): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-06-29): [Redacted] Tracking Number  [Redacted]
07/01/2026     No 1 A A A A A A A A A A   [Redact] Investment Purchase   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10330353 [Redact] [Redact] 36834632     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%).         Reviewer Comment (2026-06-26): Client elected to waive the condition on the Non-QM 1st lien
    06/26/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10332491 [Redact] [Redact] 36663950     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-06-26): Waived on Rate Lock: Collateral cleared by Custodian
06/26/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   A A A A A A A A Non QM Non QM No
[Redact] 10342249 [Redact] [Redact] 36712664     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-02): Waived on Rate Lock: Collateral cleared by Custodian
07/02/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10342249 [Redact] [Redact] 36835486     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file.             06/29/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10342249 [Redact] [Redact] 36839225     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-29): Sufficient Cure Provided At Closing
  06/29/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B B B A A A A Non QM Non QM Yes
[Redact] 10345340 [Redact] [Redact] 36720978     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-07-03): Waived on Rate Lock: Collateral cleared by Custodian
07/03/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10345340 [Redact] [Redact] 36861769     Compliance Compliance Federal Compliance ATR/QM Defect Self-Employed Tax Return Recency - QM General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted]. The business or personal tax returns provided are not the most recent. Application Date [Redacted], Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted].             07/01/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redact] 10345340 [Redact] [Redact] 36861770     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-07-01): Sufficient Cure Provided At Closing
  07/01/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redact] 10345340 [Redact] [Redact] 36861772     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-07-01): Sufficient Cure Provided At Closing
  07/01/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redact] 10337877 [Redact]   36731775     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). FNMA Points and Fees on subject loan of [Redacted]% are in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%).       Buyer Comment (2026-06-23): Initial and Final Grade B, accepted
    06/23/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Rate/Term LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C B C B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10337877 [Redact]   36756170     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - ___ Final Closing Disclosure/First Payment Letter not provided.  Note: the LE in file is not sufficient to support the PITIA. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months.

Borrower has verified disposable income of at least $[Redacted].
Client elects to waive with compensating factors: [Redacted] months reserves.

Client elects to waive with compensating factors: Residual income of [Redacted] monthly.
[Redact] ,Aggregator

Aggregator,[Redact] 
Reviewer Comment (2026-06-26): Client elects to waive with compensating factors:   [Redacted] months reserves, Residual income of  [Redacted]monthly.


Reviewer Comment (2026-06-25): Seller unable to provide Final CD or First Payment Letter for primary residence purchase. Client to review.


Seller Comment (2026-06-24): The borrowers were not closing on the purchase until after the refinanced closed as they needed to free up their VA entitlement with this refinance. LE is what is available during the transaction.
    06/26/2026 Yes 2 C B C B C B C B C B   [Redact] Investment Refinance - Rate/Term   C B C B C B A A Exempt from ATR Exempt from ATR No
[Redact] 10337877 [Redact]   36756290     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - High Cost as Primary The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more high cost thresholds. The initial 1003 identified the borrowers would occupy the subject as a primary residence.  The loan failed the High-Cost testing due to the prepayment penalty of [Redacted] months interest for [Redacted] years, exceeds the max of [Redacted]% of the amount prepaid.  In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required.       Reviewer Comment (2026-07-16): Client elected to waive the condition


Reviewer Comment (2026-07-16): Re-graded to EV2-B based on attestation from borrower and documentation in file indicating investment occupancy, which would not be eligible for high cost or higher priced testing.


Seller Comment (2026-07-16): hello. LOE was uploaded a few days ago. is there anything else you need?


Seller Comment (2026-07-14): LOE for error on 1003


Reviewer Comment (2026-07-09): The additional documentation provided will not be considered to downgrade the condition. An attestation from the borrowers identifying that the declarations section of the 1003 was an error and the subject will not be owner occupied is the only documentation that will be considered for a downgrade.


Buyer Comment (2026-07-09): LOE


Reviewer Comment (2026-07-06): This condition was not waived.  The condition carries a grade of EV3/C, which is ineligible for purchase.  In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required.  Condition is valid and remains open


Seller Comment (2026-07-01): that condition was waived. why would you still need an LOE


Reviewer Comment (2026-07-01): A revised 1003 will not clear this condition.  The loan failed High Cost testing when tested as a primary residence.  In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required.  Condition is valid and remains open


Seller Comment (2026-06-29): updated initial 1003..pleaes clarify why an LOE is needed ? errors and omissions disclosure should cover this correction
    07/16/2026 Yes 2 C B C B C B C B C B   [Redact] Investment Refinance - Rate/Term   C B C B C B A A Exempt from ATR Exempt from ATR No
[Redact] 10357383 [Redact] [Redact] 36809565     Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Buyer Comment (2026-08-18): Waived on Rate Lock: Collateral cleared by Custodian


Seller Comment (2026-08-12): Collateral delivered on  [Redacted]via [Redacted] tracking number  [Redacted]
08/18/2026     No 1 A A A A A A A A A A   [Redact] Investment Refinance - Limited Cash-out GSE   C A C A A A A A   N/A No
[Redact] 10357383 [Redact] [Redact] 37166983     Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided   The file is missing a copy of the fully executed Business Purpose Cert.  The copy in file was not executed.       Reviewer Comment (2026-08-06): Received Business Purpose Certificate. Exception cleared.


Seller Comment (2026-08-06): Please see attached business purpose cert.
08/06/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Limited Cash-out GSE   C A C A A A A A   N/A No
[Redact] 10357383 [Redact] [Redact] 37167069     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   The file is missing a copy of the fully executed Business Purpose Cert.  The copy in file was not executed.       Reviewer Comment (2026-08-06): Received Business Purpose Certificate. Exception cleared.


Seller Comment (2026-08-06): Please see attached business purpose cert.
08/06/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Limited Cash-out GSE   C A C A A A A A   N/A No
[Redact] 10325973 [Redact]   36827198     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.             06/26/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10325982 [Redact]   36873767     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] versus an investor allowable total of $[Redacted].       Reviewer Comment (2026-08-06): Client elected to waive the condition
    08/06/2026 No 2 B B B B B B B B B B   [Redact] Second Home Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10325983 [Redact]   36876921     Compliance Compliance Miscellaneous Compliance TILA Missing Document: Right to Cancel (RTC) not provided   Right to Cancel is missing.       Reviewer Comment (2026-07-23): NORTC provided


Seller Comment (2026-07-22): NORTC uploaded for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   D B D A C B A A Non QM Non QM Yes
[Redact] 10325983 [Redact]   36876928     Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided   Hazard Insurance Policy is missing.       Reviewer Comment (2026-07-23): HOI dec page provided


Seller Comment (2026-07-22): HOI and RCE uploaded for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   D B D A C B A A Non QM Non QM No
[Redact] 10325983 [Redact]   36876933     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Mortgage Loan Payoff Statement not provided   Mortgage Loan Payoff Statement is missing.       Reviewer Comment (2026-07-23): Payoff statements provided


Seller Comment (2026-07-22): Payoff statements uploaded for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   D B D A C B A A Non QM Non QM No
[Redact] 10325983 [Redact]   36876937     Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided   Security Instrument - Subject Lien is missing.       Reviewer Comment (2026-07-23): DOT provided


Seller Comment (2026-07-22): Deed of Trust uploaded for review.
07/23/2026     No 1 D A D A D A D A D A   [Redact] Primary Refinance - Cash-out - Other   D B D A C B A A Non QM Non QM No
[Redact] 10325983 [Redact]   36876947     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.             07/06/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Cash-out - Other   D B D A C B A A Non QM Non QM No
[Redact] 10325983 [Redact]   36876949     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form Notice of Right to Cancel Missing Truth in Lending Act: Notice of Right to Cancel was not provided. Right to Cancel (RTC) is missing.       Reviewer Comment (2026-07-23): NORTC provided


Seller Comment (2026-07-22): NORTC uploaded for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form D B D A C B A A Non QM Non QM Yes
[Redact] 10325983 [Redact]   36884811     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided   1008 was missing.       Reviewer Comment (2026-07-23): 1008 provided


Seller Comment (2026-07-22): 1008 uploaded for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   D B D A C B A A Non QM Non QM No
[Redact] 10325984 [Redact]   36888070     Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address.   City name on the HOI dec page does not match the 'Note' city name.  Provide a revised declarations page matching the note.       Reviewer Comment (2026-07-23): USPS lookup provided and zip code is associated with the city on the Note and the HOI declarations page.


Seller Comment (2026-07-22): Per https://[Redacted]/ [Redacted]/, the preferred city is [Redacted], however [Redacted] and [Redacted]are acceptable, see attached.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redact] 10325984 [Redact]   36888131     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Waterfall due to Bank statement for the month [Redacted] is missing.       Reviewer Comment (2026-07-27): Bank statement provided. Exception cleared.


Seller Comment (2026-07-24): [Redacted] [Redacted]statements and LOE regarding Bank Name uploaded to trailing docs for review.
07/27/2026     No 1 B A C A B A C A B A   [Redact] Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
[Redact] 10325984 [Redact]   36888132     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Waterfall due to Bank statement for the month [Redacted] is missing.       Reviewer Comment (2026-07-27): Bank statement provided. Exception cleared.


Seller Comment (2026-07-24): [Redacted] [Redacted]statements and LOE regarding Bank Name uploaded to trailing docs for review.
07/27/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redact] 10325984 [Redact]   36890367     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.               07/07/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redact] 10325984 [Redact]   36900703     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) The file is missing the full month's bank statement for account [Redacted] for the month ending [Redacted]. The statement in the file covers the period [Redacted] - [Redacted], but the statement covering the period [Redacted] - [Redacted] is missing.       Reviewer Comment (2026-07-27): Bank statement provided. Exception cleared.


Seller Comment (2026-07-24): [Redacted] [Redacted] statements and LOE regarding Bank Name uploaded to trailing docs for review.
07/27/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redact] 10325984 [Redact]   36900714     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   The file is missing the full month's bank statement for account [Redacted] for the month ending [Redacted]. The statement in the file covers the period [Redacted] - [Redacted]. The statement covering the period [Redacted] - [Redacted] is missing.       Reviewer Comment (2026-07-27): Bank statement provided. Exception cleared.


Seller Comment (2026-07-24): [Redacted] [Redacted]statements and LOE regarding Bank Name uploaded for review.
07/27/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redact] 10325986 [Redact]   36846117     Compliance Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided   The file was missing a copy of Note - Subject Lien.       Reviewer Comment (2026-07-23): Note provided


Seller Comment (2026-07-22): Note uploaded for review.
07/23/2026     No 1 D A D A D A D A D A   [Redact] Primary Purchase   D B C A D B A A Non QM Non QM No
[Redact] 10325986 [Redact]   36846124     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Documented qualifying assets for closing of $[Redacted] are less than cash from borrower $[Redacted].       Reviewer Comment (2026-07-23): Gift letter and proof of receipt provided


Seller Comment (2026-07-22): $ [Redacted]gift letter and wire confirmation uploaded for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D B C A D B A A Non QM Non QM No
[Redact] 10325986 [Redact]   36846126     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   PITIA reserves months discrepancy.       Reviewer Comment (2026-07-27): Received additional gift letter


Seller Comment (2026-07-23): Additional Gift letter, wire and receipt for portion of EMD uploaded to trailing docs for review.


Reviewer Comment (2026-07-23): Gift funds provided; however reserves are still short.  Proof of the EMD of $ [Redacted] was not documented in file.  Provide a copy of the cancelled check/wire confirmation and source of the $ [Redacted] EMD and the reserves will be sufficient.


Reviewer Comment (2026-07-23): EXCEPTION HISTORY - Exception Explanation was updated on  [Redacted] PRIOR Exception Explanation: Calculated PITIA months reserves of  [Redacted]is less than Guideline PITIA months reserves of  [Redacted]


Seller Comment (2026-07-22): $ [Redacted]gift letter and wire confirmation uploaded to trailing docs for review.
07/27/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D B C A D B A A Non QM Non QM No
[Redact] 10325986 [Redact]   36846127     Credit Hazard Insurance Insufficient Coverage Hazard Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage is insufficient by $[Redacted]. Provide updated policy reflecting minimum coverage of $[Redacted] OR provide copy of insurer's replacement cost estimate supporting current coverage amount.       Reviewer Comment (2026-07-23): RCE provided


Seller Comment (2026-07-22): RCE uploaded for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D B C A D B A A Non QM Non QM No
[Redact] 10325986 [Redact]   36846154     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Originator loan designation of Non-QM does not match due diligence loan designation of ATR Risk.       Reviewer Comment (2026-07-27): Received additional gift letter, wire confirmation.


Seller Comment (2026-07-23): Additional Gift letter, wire and receipt for portion of EMD uploaded to trailing docs for review.


Reviewer Comment (2026-07-23): Gift funds provided; however reserves are still short.  Proof of the EMD of $ [Redacted] was not documented in file.  Provide a copy of the cancelled check/wire confirmation and source of the $ [Redacted] EMD and the reserves will be sufficient.


Seller Comment (2026-07-22): $ [Redacted]gift letter and wire confirmation uploaded to trailing docs for review.
07/27/2026     No 1 B A C A B A C A B A   [Redact] Primary Purchase Lender to provide updated ATR/QM Loan Designation D B C A D B A A Non QM Non QM Yes
[Redact] 10325986 [Redact]   36846155     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan does not meet one or more guideline components, which could impact the borrower's ability to repay.       Reviewer Comment (2026-07-27): Received additional gift letter, wire confirmation.


Seller Comment (2026-07-23): Additional Gift letter, wire and receipt for portion of EMD uploaded for review.


Reviewer Comment (2026-07-23): Gift funds provided; however reserves are still short.  Proof of the EMD of $ [Redacted]was not documented in file.  Provide a copy of the cancelled check/wire confirmation and source of the  [Redacted] EMD and the reserves will be sufficient.


Seller Comment (2026-07-22): $ [Redacted]gift letter and wire confirmation uploaded to trailing docs for review.
07/27/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D B C A D B A A Non QM Non QM No
[Redact] 10325986 [Redact]   36846166     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Zero percent fee tolerance exceeded for loan discount points. Fee amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-07-23): [Redacted] received a valid COC.


Seller Comment (2026-07-22): COC uploaded for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B C A D B A A Non QM Non QM Yes
[Redact] 10325986 [Redact]   36846167     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Zero percent fee tolerance exceeded for processing fee. Fee amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-07-29): [Redacted] received LOX and disclosures summary screen confirming LE dated  [Redacted] not provided to borrower.


Seller Comment (2026-07-28): The only LE provided to the borrower dated [Redacted] reflected the processing fee, it is unknown as to why the draft LE was in the file, however it was not provided to the borrower, please see the attached disclosure tracking information from our system of record.


Reviewer Comment (2026-07-28): [Redacted] There are [Redacted] sets of LE dated [Redacted] with Cash to close as  [Redacted] (Sequence 1) and  [Redacted] (Sequence 2). LE Dated  [Redacted] (Sequence 1) does not disclose processing fee and fee added on LE  [Redacted] (Sequence 2) without valid COC. A valid Changed Circumstance or cure is required.  Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.


Seller Comment (2026-07-27): There is a processing fee on the  [Redacted] loan estimate, see attached and advise.


Reviewer Comment (2026-07-27): [Redacted] received rebuttal comment that initial LE is dated 0 [Redacted](Doc ID [Redacted]) but as per file the initial LE is dated  [Redacted]([Redacted]) on which there is no processing fee updated under section A. A valid COC or cure would be required.


Seller Comment (2026-07-23): The initial LE Doc ID [Redacted] reflects the processing fee of  [Redacted] this is the same fee noted on the revised LE Doc ID [Redacted], both are noted in section A of each disclosure, please advise.


Reviewer Comment (2026-07-23): [Redacted] received COC. However, the processing fee were added on Revised LE seq 2 for $ [Redacted]. Kindly provide a valid COC for the fee added or cure due to borrower. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing.


Seller Comment (2026-07-22): The processing fee in the amount of $ [Redacted]was disclosed on the initial LE Doc ID [Redacted], section A, the fee did not increase throughout the transaction.
07/29/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B C A D B A A Non QM Non QM Yes
[Redact] 10325986 [Redact]   37052206     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.               07/23/2026 No 2   B   B   B   B   B   [Redact] Primary Purchase   D B C A D B A A Non QM Non QM No
[Redact] 10325987 [Redact]   36974180     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. The verification appraisal delivered to the borrower was not provided.             07/14/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Rate/Term   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10325987 [Redact]   36974181     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. The verification appraisal delivered to the borrower was not provided.             07/14/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Rate/Term   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10325990 [Redact]   36834563     Credit Title Document Error Title The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
              06/26/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10325991 [Redact]   36875169     Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided   Missing Hazard Insurance Policy.       Reviewer Comment (2026-07-23): HO-6 declarations page provided


Seller Comment (2026-07-22): H06 and master policies uploaded for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D A D A A A D A Non QM Non QM No
[Redact] 10325991 [Redact]   36875170     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided   Missing Purchase Agreement / Sales Contract.       Reviewer Comment (2026-07-23): Purchase agreement provided


Seller Comment (2026-07-22): Purchase contract uploaded for review.
07/23/2026     No 1 D A D A D A D A D A   [Redact] Primary Purchase   D A D A A A D A Non QM Non QM No
[Redact] 10325991 [Redact]   36875172     Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided   Missing Appraisal.       Reviewer Comment (2026-07-23): Appraisal provided


Seller Comment (2026-07-22): Appraisal report uploaded to trailing docs for review.


Seller Comment (2026-07-22): Appraisal uploaded for review.
07/23/2026     No 1 D A D A D A D A D A   [Redact] Primary Purchase   D A D A A A D A Non QM Non QM No
[Redact] 10325991 [Redact]   36875175     Credit Credit Credit Documentation Credit Purchase contract date not provided.           Reviewer Comment (2026-07-23): Purchase agreement provided


Seller Comment (2026-07-22): Purchase contract uploaded to trailing docs for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D A D A A A D A Non QM Non QM No
[Redact] 10325991 [Redact]   36875186     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal is missing. Sec ID: 1   Appraisal is missing.       Reviewer Comment (2026-07-23): Appraisal provided
07/23/2026     No 1 D A D A D A D A D A   [Redact] Primary Purchase   D A D A A A D A Non QM Non QM No
[Redact] 10325991 [Redact]   37052937     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2026-07-27): FNMA UCDP received.


Seller Comment (2026-07-23): FNMA SSR uploaded for review.
07/27/2026     No 1   A   A   A   A   A   [Redact] Primary Purchase   D A D A A A D A Non QM Non QM No
[Redact] 10325991 [Redact]   37052957     Credit Documents Missing Document Documents File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. - Appraisal provided.  The file is missing documentation from the seller confirming the condo is warrantable.  Note: the FNMA [Redacted] states "No Fannie Mae Review".       Reviewer Comment (2026-07-27): Warrantable per 1008


Seller Comment (2026-07-23): Per the final 1008 Doc ID [Redacted] under "Underwriter Comments: Non-Warrantable Condo: N", the "N" equals No, denoting that this is a warrantable condo.
07/27/2026     No 1   A   A   A   A   A   [Redact] Primary Purchase   D A D A A A D A Non QM Non QM No
[Redact] 10325993 [Redact]   36924459     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal is missing. Sec ID: 1   Loan is to be securitized. Appraisal is missing.       Reviewer Comment (2026-07-23): Appraisal provided


Seller Comment (2026-07-22): Appraisal report uploaded for review.
07/23/2026     No 1 D A D A D A D A D A   [Redact] Primary Purchase   D B D A C B D A Non QM Non QM No
[Redact] 10325993 [Redact]   36924463     Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided   Appraisal not provided.       Reviewer Comment (2026-07-23): Appraisal provided


Seller Comment (2026-07-22): Appraisal report uploaded to trailing docs for review.
07/23/2026     No 1 D A D A D A D A D A   [Redact] Primary Purchase   D B D A C B D A Non QM Non QM No
[Redact] 10325993 [Redact]   36924471     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided   Purchase Agreement/Sale Contract not provided.       Reviewer Comment (2026-07-23): Purchase agreement provided


Seller Comment (2026-07-22): Purchase contract uploaded for review.
07/23/2026     No 1 D A D A D A D A D A   [Redact] Primary Purchase   D B D A C B D A Non QM Non QM No
[Redact] 10325993 [Redact]   36924533     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Originator Loan Designation of Non-QM does not match Due Diligence Loan Designation of ATR Fail due to missing verification of two years business existence and ownership percentage for both businesses.       Reviewer Comment (2026-07-23): CPA letter provided


Seller Comment (2026-07-23): CPA letters for both businesses uploaded to trailing docs for review.
07/23/2026     No 1 B A C A B A C A B A   [Redact] Primary Purchase Lender to provide updated ATR/QM status D B D A C B D A Non QM Non QM Yes
[Redact] 10325993 [Redact]   36924534     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Bank Statements Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. Unable to verify current employment status using reasonably reliable third-party records.       Reviewer Comment (2026-07-23): CPA letter provided


Seller Comment (2026-07-23): CPA letters for both businesses uploaded to trailing docs for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D B D A C B D A Non QM Non QM No
[Redact] 10325993 [Redact]   36924535     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Bank Statements Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. Unable to verify current employment status using reasonably reliable third-party records.       Reviewer Comment (2026-07-23): CPA letter provided


Seller Comment (2026-07-23): CPA letters for both businesses uploaded to trailing docs for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D B D A C B D A Non QM Non QM No
[Redact] 10325993 [Redact]   36924553     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan does not meet one or more guideline components which could impact the borrower's ability to repay due to missing verification of two years business existence and ownership percentage for both businesses.       Reviewer Comment (2026-07-30): LOE provided, verifying  [Redacted] expense ratio and addressing debt. Income and credit recalculated. Exception cleared.


Seller Comment (2026-07-28): UW cert, updated bank statement calculation worksheet and supporting documentation uploaded to trailing docs for review.


Reviewer Comment (2026-07-23): CPA letter provided; however, condition remains open due to DTI exceeding the guideline max


Seller Comment (2026-07-23): CPA letters for both businesses uploaded for review.
07/30/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D B D A C B D A Non QM Non QM No
[Redact] 10325993 [Redact]   36924554     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. General Ability-to-Repay requirements not satisfied due to missing verification of two years business existence and ownership percentage for both businesses.       Reviewer Comment (2026-07-23): CPA letter provided
07/23/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase   D B D A C B D A Non QM Non QM No
[Redact] 10325993 [Redact]   36925639     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Calculated investor qualifying total debt ratio of [Redacted]% exceeds guideline total debt ratio of [Redacted]% due to no supporting documentation to verify [Redacted] was paid off prior to closing.       Reviewer Comment (2026-07-30): LOE provided, verifying  [Redacted] expense ratio and addressing debt. Income and credit recalculated. Exception cleared.


Seller Comment (2026-07-28): UW cert, updated bank statement calculation worksheet and supporting documentation uploaded for review.
07/30/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D B D A C B D A Non QM Non QM No
[Redact] 10325993 [Redact]   36925650     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [Redacted](c)(5) of [Redacted]% moderately exceeds the guideline maximum of [Redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) The DTI calculated in accordance with the lender's guidelines and [Redacted](c)(5) of [Redacted]% moderately exceeds the guideline maximum of [Redacted]% due to no supporting documentation to verify [Redacted] was paid off prior to closing. (DTI exception is eligible to be regraded with compensating factors.)       Reviewer Comment (2026-07-30): LOE provided, verifying  [Redacted] expense ratio and addressing debt. Income and credit recalculated. Exception cleared.


Seller Comment (2026-07-28): UW cert, updated bank statement calculation worksheet and supporting documentation uploaded to trailing docs for review.
07/30/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D B D A C B D A Non QM Non QM No
[Redact] 10325993 [Redact]   36935929     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Income documentation requirements not met due to missing verification of two years business existence and ownership percentage for both businesses.       Reviewer Comment (2026-07-23): CPA letter provided


Seller Comment (2026-07-23): CPA letters for both businesses uploaded to trailing docs for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D B D A C B D A Non QM Non QM No
[Redact] 10325993 [Redact]   36935956     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) There are one or more guideline deficiencies related to income and/or asset documentation requirements which may impact the borrower's ability to repay.       Reviewer Comment (2026-07-23): CPA letter provided


Seller Comment (2026-07-23): CPA letters for both businesses uploaded to trailing docs for review.
07/23/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D B D A C B D A Non QM Non QM No
[Redact] 10325993 [Redact]   37053652     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2026-07-27): Received FNMA UCDP


Seller Comment (2026-07-23): FNMA SSR uploaded for review.
07/27/2026     No 1   A   A   A   A   A   [Redact] Primary Purchase   D B D A C B D A Non QM Non QM No
[Redact] 10325993 [Redact]   37053669     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.               07/23/2026 No 2   B   B   B   B   B   [Redact] Primary Purchase   D B D A C B D A Non QM Non QM No
[Redact] 10325993 [Redact]   37053670     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.         Reviewer Comment (2026-07-30): LOE provided, verifying  [Redacted] expense ratio and addressing debt. Income and credit recalculated. Exception cleared.


Seller Comment (2026-07-28): UW cert, updated bank statement calculation worksheet and supporting documentation uploaded to trailing docs for review.
07/30/2026     No 1   A   A   A   A   A   [Redact] Primary Purchase Lender to provide updated ATR/QM Loan Designation D B D A C B D A Non QM Non QM Yes
[Redact] 10325994 [Redact]   36824510     Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor Test TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied.         Reviewer Comment (2026-08-06): Client elected to waive the condition


Reviewer Comment (2026-07-24): Guidelines require that the appraisal be ordered through an [Redacted].  However, there is no [Redacted] listed on the Appraisal.


Seller Comment (2026-07-22): CEL does not require appraisal transfer letters.
    08/06/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10325994 [Redact]   36824511     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).         Reviewer Comment (2026-08-06): Client elected to waive the condition
    08/06/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10325995 [Redact]   36874924     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2   The file was missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-07-31): LCA risk score under  [Redacted] Condition cleared.


Seller Comment (2026-07-29): Attached are the review appraisal guidelines which reflect either CU or LCA are sufficient.


Reviewer Comment (2026-07-28): Guidelines do not reflect that FHLMC is acceptable.  Please provide the Fannie UCDP.  Condition remains.


Seller Comment (2026-07-24): CEL guidelines permit either FHLMC or FNMA SSR's.


Reviewer Comment (2026-07-24): In lieu of the secondary valuation, a CU score of  [Redacted] or less is acceptable.  Please provide the FNMA UCDP.


Seller Comment (2026-07-22): FHLMC SSR uploaded for review.
07/31/2026     No 1 D A D A D A D A D A   [Redact] Primary Purchase   D A D A C A D A Non QM Non QM No
[Redact] 10325995 [Redact]   36874967     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Documented qualifying assets for closing of $[Redacted] is less than cash from borrower $[Redacted]. Gift letter was not found in file.       Reviewer Comment (2026-07-24): Received.


Seller Comment (2026-07-22): Gift letter and wire documentation uploaded for review.
07/24/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D A D A C A D A Non QM Non QM No
[Redact] 10325995 [Redact]   36874987     Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Rider - Other not provided   The file was missing a copy of the Inter [Redacted] Revocable Trust Rider.       Reviewer Comment (2026-07-24): Received.


Seller Comment (2026-07-22): Trust rider uploaded for review.
07/24/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D A D A C A D A Non QM Non QM No
[Redact] 10325995 [Redact]   36874990     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided   The file was missing a copy of the Purchase Agreement / Sales Contract.       Reviewer Comment (2026-07-24): Received.


Seller Comment (2026-07-22): Purchase contract uploaded for review.
07/24/2026     No 1 D A D A D A D A D A   [Redact] Primary Purchase   D A D A C A D A Non QM Non QM No
[Redact] 10325995 [Redact]   36875011     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Calculated PITIA months reserves of [Redacted] is less than guideline PITIA months reserves of [Redacted]. Gift letter was not found in file.       Reviewer Comment (2026-07-24): Received.


Seller Comment (2026-07-22): Gift letter and wire documentation uploaded to trailing docs for review.
07/24/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D A D A C A D A Non QM Non QM No
[Redact] 10325995 [Redact]   36875012     Credit Hazard Insurance Insufficient Coverage Hazard Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage is insufficient by $[Redacted]. Provide updated policy reflecting minimum coverage of $[Redacted] or provide copy of insurer's replacement cost estimate supporting current coverage amount.       Reviewer Comment (2026-07-24): RCE received.


Seller Comment (2026-07-22): RCE uploaded for review.
07/24/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D A D A C A D A Non QM Non QM No
[Redact] 10325995 [Redact]   36875023     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Originator loan designation of Non QM does not match due diligence loan designation of ATR Risk.       Reviewer Comment (2026-07-24): Received


Seller Comment (2026-07-22): Gift letter and wire documentation uploaded to trailing docs for review.
07/24/2026     No 1 B A C A B A C A B A   [Redact] Primary Purchase Lender to provide updated ATR/QM Loan Designation D A D A C A D A Non QM Non QM Yes
[Redact] 10325995 [Redact]   36875024     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan does not meet one or more guideline components which could impact the borrower's ability to repay.       Reviewer Comment (2026-07-24): Received


Seller Comment (2026-07-22): Gift letter and wire documentation uploaded to trailing docs for review.
07/24/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   D A D A C A D A Non QM Non QM No
[Redact] 10325998 [Redact]   36868399     Compliance Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided   The file is missing a copy of the Note.       Reviewer Comment (2026-07-24): Note provided. Excdeption cleared.


Seller Comment (2026-07-22): Note attached for review.
07/24/2026     No 1 D A D A D A D A D A   [Redact] Investment Purchase   D B C A D B A A Exempt from ATR Exempt from ATR No
[Redact] 10325998 [Redact]   36868400     Credit Missing Document General Missing Document Missing Document: Rider - MERS not provided   The file is missing a copy of the MERS Rider attached to the DOT.       Reviewer Comment (2026-07-24): Rider provided. Excdeption cleared.


Seller Comment (2026-07-22): MERS Rider attached for review.
07/24/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   D B C A D B A A Exempt from ATR Exempt from ATR No
[Redact] 10325998 [Redact]   36871265     Compliance Compliance Federal Compliance Missing Required Data (other than HUD-1 or Note) Disparity in Occupancy - Not High Cost and Not Higher Priced The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). The mortgage loan file contains documenting evidence that the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment).             07/02/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase   D B C A D B A A Exempt from ATR Exempt from ATR No
[Redact] 10326007 [Redact]   36827267     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.             06/26/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   C B C A B B A A Non QM Non QM No
[Redact] 10326007 [Redact]   36834922     Credit Documents Missing Document Documents File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. -         Reviewer Comment (2026-07-27): 1008 reflects Non-Warrantable as No. Exception cleared.


Seller Comment (2026-07-24): CEL guidelines section  [Redacted]Warrantable Condo guidelines do not required a project review with there is  [Redacted]to  [Redacted]units.  Per the appraisal report Doc ID [Redacted], this is a [Redacted]unit condo development.  The 1008 was provided Doc ID [Redacted] which denotes that this is a warrantable condo.  The SB- [Redacted]Inspection report was provided Doc ID [Redacted]and the Questionnaire was provided Doc ID [Redacted] which denotes the project is  [Redacted]% complete with the HOA transferred as of  [Redacted], nothing additional is required.


Reviewer Comment (2026-07-24): Lender certification that the project is approved is required.


Seller Comment (2026-07-22): Per the final 1008 Doc ID [Redacted]"Underwriter Comments: Non-Warrantable Condo: N:, the "N" is No this is not a Non-Warrantable Condo.
07/27/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C A B B A A Non QM Non QM No
[Redact] 10326011 [Redact]   36826462     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy effective date is after the funds disbursed.   Hazard Insurance Policy Effective Date: [Redacted]; Disbursement Date: [Redacted]; Note Date: [Redacted]; Transaction Date: [Redacted].       Reviewer Comment (2026-07-24): Received PCCD, LOE to borrower and final settlement statement.  Condition cleared.


Seller Comment (2026-07-22): Final settlement statement and PCCD documentation uploaded for review.
07/24/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A A A A A Non QM Non QM No
[Redact] 10263191 [Redact]   36824287     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Lender used Short term Rental income  Require Evidence confirm STR permitted in accordance with local ordinance       Reviewer Comment (2026-05-01): Received appraisal confirming STR is legally permitted. Exception cleared.


Buyer Comment (2026-05-01): per lender: that is addressed on the addendum, please revisit the first page of the appraisal , reattached here as well
05/01/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
[Redact] 10263191 [Redact]   36824289     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Income worksheet is missing for Business Bank statement income       Reviewer Comment (2026-05-01): Received 1084 or income worksheet. Exception cleared.


Buyer Comment (2026-05-01): income analysis worksheet
05/01/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
[Redact] 10263191 [Redact]   36824290     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). This is EV2 Informational exception.       Buyer Comment (2026-04-28): Acknowledged non-material EV2
    04/28/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A N/A N/A Yes
[Redact] 10263191 [Redact]   36824292     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided   Updated 1008 required as HTI/DTI incorrect. [Redacted]% short term rental income used whereas guideline notes [Redacted]%. Additionally, Primary Property PITIA paid by business (per bank statement), however still HTI calculated. If Tax, Insurance and HOA (if any) paid by borrower on primary property no supporting document provided to calculate the HTI. Also "All other monthly income payment used in Qualifying" is listed negative ([Redacted]).       Reviewer Comment (2026-05-20): Received the corrected 1008.


Buyer Comment (2026-05-18): per lender: Please be advised that The property is an investment with a $ [Redacted]gross rent, which more than covers the proposed PITI ($ [Redacted]). The net cash flow is positive (i.e., there is a $ [Redacted]monthly net expense for the property). Other liabilities: $ [Redacted]; PITI $ [Redacted]. For all other payments = $ [Redacted]-$ [Redacted]= -$ [Redacted]• Total Monthly Payments = Subject Property Expenses + Other Liabilities = $ [Redacted]o Subject Property Expenses = $[Redacted] § This value is intentional. The property is an investment with a $ [Redacted]gross rent, which more than covers the proposed PITI ($ [Redacted]). The net cash flow is positive (i.e., there is a $[Redacted] monthly net expense for the property). o Other Liabilities = $ [Redacted]• PITI = $ [Redacted]• All Other Payments = $ [Redacted]- $ [Redacted]= - $ [Redacted]


Buyer Comment (2026-05-18): per lender: Please be advised that The property is an investment with a $ [Redacted]gross rent, which more than covers the proposed PITI ($ [Redacted]). The net cash flow is positive (i.e., there is a $ [Redacted]monthly net expense for the property). Other liabilities: $ [Redacted]; PITI $ [Redacted]. For all other payments = $ [Redacted]-$ [Redacted]= -$ [Redacted]• Total Monthly Payments = Subject Property Expenses + Other Liabilities = $ [Redacted]o Subject Property Expenses = $ [Redacted] § This value is intentional. The property is an investment with a $ [Redacted]gross rent, which more than covers the proposed PITI ($ [Redacted]). The net cash flow is positive (i.e., there is a $[Redacted] monthly net expense for the property). o Other Liabilities = $ [Redacted]• PITI = $ [Redacted]• All Other Payments = $ [Redacted]- $ [Redacted]= - $ [Redacted]


Reviewer Comment (2026-05-14): Received 1008 with incorrect DTI ratio as  [Redacted]instead of  [Redacted]Secondly all other monthly payment used in qualifying should reflect as $ [Redacted]. Provide corrected 1008 with HTI blank and DTI ratio as  [Redacted](Total expense $ [Redacted]/ $ [Redacted]Income =  [Redacted] ratio). Exception remains.


Buyer Comment (2026-05-13): Updated 1008


Reviewer Comment (2026-05-12): Noted. Provided 1003 reflects There is no payment made towards the primary property. Mortgage payment are made by business and Mortgage payment for primary residence are escrowed. Therefore HTI ratio should not be available. Only DTI should be reflecting on 1008. Provide Updated 1008 with blank HTI ratio and corrected DTI ratios. Exception remains.


Buyer Comment (2026-05-08): per lender: Please find attached. The full PITI on primary residence is fully listed on the signed final 1003 -lumped together.


Buyer Comment (2026-05-08): Please find attached 1008 - other monthly payment reflects $ [Redacted]


Reviewer Comment (2026-05-05): Noted. As per the Mortgage statement escrow amount is $ [Redacted]and as per the 1008 provided Total of Taxes and Insurance is $ [Redacted]Provide supporting documents to evaluate the Taxes and Insurance of the primary residence as per 1008 or provide Updated 1008 considering total of Taxes and Insurance as $ [Redacted]and updating the HTI and DYI ratios. Exception remains.


Buyer Comment (2026-05-01): per lender : Please also see attached the mtg statement for the primary . The payment includes taxes and insurance , and it supports the PITIA used


Reviewer Comment (2026-05-01): Received Updated 1008 with updated rentals also Updated Taxes and insurance of the primary residence ($ [Redacted]) due to which HTI ratio is been calculated. However Provide supporting documents to evaluate the Taxes and Insurance of the primary residence. Exception remains.


Buyer Comment (2026-05-01): per lender: Please see attached updated 1008 and 1003 showing [Redacted]% rental income have been submitted for review And as s far as the Primary OO payment business pays it and we are including Taxes and Insurance in the DTI.


Buyer Comment (2026-05-01): per lender: Please see attached updated 1008 and 1003 showing  [Redacted]% rental income have been submitted for review And as s far as the Primary OO payment business pays it and we are including Taxes and Insurance in the DTI.
05/20/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
[Redact] 10268005 [Redact]   36824294     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). EV2       Buyer Comment (2026-05-05): Acknowledged non-material EV2
    05/05/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A N/A N/A Yes
[Redact] 10268005 [Redact]   36824296     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - For Property - [Redacted], property is escrowed , however an additional $[Redacted] is reflected on the Final 1003 and does not have any documents provided.       Reviewer Comment (2026-05-12): Received the REO docs.


Reviewer Comment (2026-05-11): Received Updated Final 1003 with REO section 3a updated. $ [Redacted]was removed as the payment were escrowed. However 1008 reflects expenses of $ [Redacted]other properties. Updated 1008 to remove $ [Redacted]as expenses for other properties along with DTI ratio updated. Exception remains.


Buyer Comment (2026-05-07): Updated 1003 removing the excpense as it was an error
05/12/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A B B A A N/A N/A No
[Redact] 10268005 [Redact]   36824297     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage does not cover loan amount and is insufficient. Missing Replacement Cost Estimator.       Reviewer Comment (2026-05-11): RCE received covering the shortfall. Exception Cleared.


Buyer Comment (2026-05-07): Replacement cost estimate
05/11/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C A B B A A N/A N/A No
[Redact] 10291342 [Redact]   36824298     Credit Guideline Guideline Issue Guideline Enhanced diligence review is being conducted on this loan.           Reviewer Comment (2026-05-26): cleared


Buyer Comment (2026-05-26): [Redacted] accepts value
05/26/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10291342 [Redact]   36824303     Credit Missing Document General Missing Document Missing Document: Source of Funds/Deposit not provided   Need Source of Funds/Deposit of $[Redacted] into [Redacted]#[Redacted].       Reviewer Comment (2026-05-26): Lender provided a LOX for deposits


Buyer Comment (2026-05-21): Per Seller: Please see below from the Underwriter: The $ [Redacted]deposit is consistent with other large deposits in the history. Borrower also provided an LOE re large deposits. Borrower may still deposit some business income to personal account and since this deposit fell below typical deposit threshold in business account, it is not out of character.
05/26/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10291342 [Redact]   36824304     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Loan designation failure due to ATR failure.  This exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2026-05-26): Received the income LOX and analysis worksheet.
05/26/2026     No 1 B A C A B A C A B A   [Redact] Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
[Redact] 10291342 [Redact]   36824305     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. ATR failure due to insufficient income and asset documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2026-05-26): Received the income LOX and analysis worksheet.
05/26/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10291342 [Redact]   36824307     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Duplicate exception - From the UW income worksheet it looks like 1 month's personal bank statement ending on [Redacted]- Doc ID [Redact] has used for bank statement income calculation and thereafter for remaining [Redacted] months business bank statement used covering period [Redacted] to [Redacted] being [Redacted] statement used in calculation. There is a gap between end date of personal bank statement i.e. from [Redacted] to [Redacted]. As per guide, need [Redacted] month consecutive business or personal bank statement.       Reviewer Comment (2026-05-26): Received the LOX and analysis worksheet.


Buyer Comment (2026-05-21): Please see attached UW cert.
05/26/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10291342 [Redact]   36824308     Credit Loan Package Documentation Closing / Title Loan Package Documentation Loan Title Outstanding Lien   Need evidence of release or payoff of lien for creditor Portfolio [Redacted] in the amount of $[Redacted].       Reviewer Comment (2026-05-26): Received the closing statement, paid at closing.


Buyer Comment (2026-05-21): Per Seller Please find attached certified final settlement statement reflecting the lien was paid off by the seller at closing
05/26/2026     No 1 B A B A B A B A B A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10291342 [Redact]   36824309     Credit Missing Document General Missing Document Missing Document: Source of Funds/Deposit not provided   Gift: Missing Evidence of the donor's ability to provide funds, with 30 days' sourcing and seasoning.       Reviewer Comment (2026-05-26): Received the sourced deposit.


Buyer Comment (2026-05-21): Gift
05/26/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10289303 [Redact]   36824310     Credit Guideline Guideline Issue Guideline Enhanced diligence review is being conducted on this loan.           Reviewer Comment (2026-06-09): Lender accepts the value.


Buyer Comment (2026-06-05): [Redacted] accepts  value
06/09/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C A C A A A A A N/A N/A No
[Redact] 10315381 [Redact]   36824315     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Recording Fee Total on initial LE was $[Redacted] and on final CD it's $[Redacted]. COC provided reflects the fee decreased. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-10): [Redacted] received Letter of Explanation, Proof of Delivery and Copy of Refund Check.


Buyer Comment (2026-06-08): Refund check and shipping label


Buyer Comment (2026-06-08): LOE
  06/10/2026   No 2 C B C B C B C B C B   [Redact] Investment Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A N/A Non QM Yes
[Redact] 10315381 [Redact]   36824318     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Need mortgage statement confirming monthly payment is escrowed.       Reviewer Comment (2026-06-09): Received Credit supplement confirming mortgage payment are escrowed. Exception Cleared.


Buyer Comment (2026-06-05): Credit supplement confirming loan is escrowed
06/09/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A C B A A N/A Non QM No
[Redact] 10220608 [Redact]   36829552     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Missing Rental Verification of Primary residence "[Redacted]" additionally Require mortgage verification for applicable months as follows
1. [Redacted], missing payment verification for [Redacted]
2. [Redacted], Missing payment  verification [Redacted] and [Redacted]
3.[Redacted] Missing payment  verification [Redacted] to [Redacted]
4. [Redacted] Missing payment  verification [Redacted] to [Redacted]
5. [Redacted] missing payment verification for [Redacted]
6. [Redacted] missing payment verification for [Redacted]
7. [Redacted],missing payment verification for [Redacted]
      Reviewer Comment (2026-05-28): Credit supplement provided.


Buyer Comment (2026-05-27): credit supplement


Reviewer Comment (2026-05-13): Noted Received VOR and bank statement reflecting Rent paid for  Primary residence " [Redacted][Redacted]" for  [Redacted]months. Following VOM / Payment history is still missing:
1.  [Redacted[Redacted], Investment, [Redacted] home #[Redacted], missing payment verification for  [Redacted][Redacted]
2.  [Redacted]W  [Redacted]Ave, Investment, Select port # [Redacted], Missing payment  verification  [Redacted]/ [Redacted]and  [Redacted]
 [Redacted][Redacted], Select # [Redacted]Missing payment  verificatio [Redacted] to  [Redacted]
4.  [Redacted][Redacted], Select # [Redacted]Missing payment  verification  [Redacted] to [Redacted]6
5.  [Redacted][Redacted] mort # [Redacted]missing payment verification for  [Redacted]
6.  [Redacted][Redacted] mort # [Redacted]missing payment verification for  [Redacted]
7.  [Redacted] N  [Redacted] St, [Redact] # [Redacted],missing payment verification for  [Redacted] Exception remains.


Buyer Comment (2026-05-11): see vor and bank statement


Buyer Comment (2026-05-11): VOR and bank statement for [Redacted]
05/28/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10220608 [Redact]   36829553     Credit Missing Document General Missing Document Missing Document: CPA Letter not provided   Provided CPA Letter does not list Business name. unable to verify provided CPA belong to Business [Redacted]. Updated CPA Letter Require. Credit related.       Reviewer Comment (2026-05-12): Received CPA Letter confirming Business name with ownership percent. Exception cleared.


Buyer Comment (2026-05-08): CPA letter with business name
05/12/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10220608 [Redact]   36829554     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Evidence of unrestricted access to Business fund (Income not used) for business asset accounts. #[Redacted] under different entity name       Reviewer Comment (2026-06-11): Received CPA letter to confirm borrowers ownership in the business. Exception cleared.


Buyer Comment (2026-06-10): CPA letter


Reviewer Comment (2026-06-08): Noted, Articles of Organization shows that Borrower is a Managing Member of business [Redacted], however it does not reflects the ownership percentage require either an Executed Operating Agreement or CPA Letter or an equivalent document confirming Borrower: [Redacted] ownership % in the business [Redacted]. - Exception Remains.


Buyer Comment (2026-06-04): Certification of formation shows [Redacted]  as the only managing/member. In a Limited Liability Company (LLC), a member is an owner, but a managing member is both an owner and the person authorized to run the business.


Buyer Comment (2026-06-04): Articles of Org.


Reviewer Comment (2026-05-26): Received Business Organization Inquiry for [Redacted] however the document does not confirms the ownership of the Business "[Redacted]". Provide either an executed operating agreement or a CPA letter that confirm the borrower's ownership in the business "[Redacted]". Exception remains.


Buyer Comment (2026-05-21): Business org


Reviewer Comment (2026-05-12): Noted. CPA letter provided is for Business ([Redacted]) and bank statement # [Redacted]is for the business ([Redacted]). Therefore provide evidence confirming borrower has  [Redacted]% ownership in the business ([Redacted]). Provide Operating agreement for[Redacted] or CPA letter confirming borrowers ownership in the business ([Redacted]). Exception remains.


Buyer Comment (2026-05-11): per lender : The borrower is  [Redacted]% owner of business and withdrawing funds to purchase a home will not negatively impact on his business income. CPA letter attached


Buyer Comment (2026-05-11): VOR and bank statement for  [Redacted][Redacted]
06/11/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10220608 [Redact]   36829555     Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Available CPA letter does not listed business name, additionally No negative impact verbiage listed. A signed letter from the CPA/Tax Preparer or an underwriter cash
flow analysis based on three months' business bank statements is required to confirm that the withdrawal will not negatively impact the business.
      Reviewer Comment (2026-05-12): Received CPA letter with Business name updated along with percent of ownership and no negative impact on withdrawal. Exception cleared.


Buyer Comment (2026-05-08): see CPA letter
05/12/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10220608 [Redact]   36829556     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Provided CPA Letter does not list Business name. unable to verify provided CPA belong to Business [Redacted]. Updated CPA Letter Require. Compliance Related       Reviewer Comment (2026-05-12): Received CPA letter confirming the business name, ownership percent, years in business and no negative impact on withdrawal. Exception Cleared.


Buyer Comment (2026-05-11): see CPA letter
05/12/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10220608 [Redact]   36829557     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Require Insurance verification.       Reviewer Comment (2026-05-12): Received Mortgage statement confirming payment been escrowed. Exception cleared.


Buyer Comment (2026-05-08): mortgage stmt reflecting ins. escrowed
05/12/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10220608 [Redact]   36829558     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Insurance verification is missing.       Reviewer Comment (2026-05-12): Received Mortgage statement confirming payment been escrowed. Exception cleared.


Buyer Comment (2026-05-08): mortgage stmt reflecting ins. escrowed
05/12/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10220608 [Redact]   36829559     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Insurance verification is missing       Reviewer Comment (2026-05-12): Received Mortgage statement confirming payment been escrowed. Exception cleared.


Buyer Comment (2026-05-08): mortgage stmt reflecting  escrowed
05/12/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10220608 [Redact]   36829562     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2026-05-12): Received CPA letter confirming the business name, ownership percent, years in business and no negative impact on withdrawal. Exception Cleared.


Buyer Comment (2026-05-11): see cpa letter
05/12/2026     No 1 B A C A B A C A B A   [Redact] Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
[Redact] 10220608 [Redact]   36829563     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. ATR failure due to insufficient income and asset documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2026-05-12): Received CPA letter confirming the business name, ownership percent, years in business and no negative impact on withdrawal. Exception Cleared.


Buyer Comment (2026-05-11): see cpa letter
05/12/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C A C A C A A A Non QM Non QM No
[Redact] 10314267 [Redact]   36829564     Credit Guideline Guideline Issue Guideline Enhanced diligence review is being conducted on this loan.           Reviewer Comment (2026-06-08): Accepted


Buyer Comment (2026-06-05): [Redacted] accepts  value
06/08/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redact] 10314267 [Redact]   36829567     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - As per guide, business narrative is required from borrower to describe the type of business and number of employees.Provided business narrative is from CPA.       Reviewer Comment (2026-06-01): Received Business Narrative completed by Tax preparer however Letter from borrower regarding nature of business provided. Exception Cleared.


Buyer Comment (2026-05-29): Business narrative
06/01/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redact] 10314267 [Redact]   36829568     Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Require CPA/Tax preparer/Cashflow analysis to confirm that the withdrawal will not negatively impact the business.       Reviewer Comment (2026-06-02): Received updated 1003 and 1008 with business assets been removed. as per guide, Proceeds from Cash-out may be used for reserves. Exception cleared.


Buyer Comment (2026-06-01): Updated 1008 and 1003 removing assets
06/02/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redact] 10314267 [Redact]   36829569     Credit Missing Document General Missing Document Missing Document: Telephone Listing / Internet Search / Directory Assistance not provided   Verification that the business is active and operating either no more than 10 business days prior to the Note Date, or after the Note Date but prior to [Redacted] purchase is required with one of the following:
• CPA/Tax Preparer letter confirming the business is active and operating
• Evidence of current work (executed contracts or signed invoices)
• Evidence of current business receipts/recent bank statement activity
• Business website demonstrating activity supporting current business operations (e.g., recently updated content or announcements, written confirmation from the lender that online scheduling, ordering or the business phone number is working).
      Reviewer Comment (2026-06-15): Received Business website demonstrating activity supporting current business. Exception cleared.


Buyer Comment (2026-06-12): Business site


Reviewer Comment (2026-06-09): Received VVOE and SOS DOT Lookup however as per guide any one of the following document no more than  [Redacted]business days prior to the Note Date, or after the Note Date but prior to  [Redacted]purchase is required to meet the verification of business requirement.:-
 • CPA/Tax Preparer letter confirming the business is active and operating
• Evidence of current work (executed contracts or signed invoices) • Evidence of current business receipts/recent bank statement activity
• Business website demonstrating activity supporting current business operations (e.g., recently updated content or announcements, written confirmation from the lender that online scheduling, ordering or the business phone number is working).  Lender certification by calling the business phone number and confirm that the business is active and operational. Exception remains.


Buyer Comment (2026-06-08): Business lookup with third party


Reviewer Comment (2026-06-01): Received US DOT Crash report however as per guide any one of the following document no more than  [Redacted]business days prior to the Note Date, or after the Note Date but prior to  [Redacted]purchase is required to meet the verification of business requirement.:-
 • CPA/Tax Preparer letter confirming the business is active and operating
• Evidence of current work (executed contracts or signed invoices) • Evidence of current business receipts/recent bank statement activity
• Business website demonstrating activity supporting current business operations (e.g., recently updated content or announcements, written confirmation from the lender that online scheduling, ordering or the business phone number is working). Exception remains.


Buyer Comment (2026-05-29): US DOT crash report confirming active
06/15/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redact] 10314267 [Redact]   36829570     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Verification appraisal was delivered to borrower was provided however is prior to appraisal date and no waiver was provided in file       Buyer Comment (2026-06-01): Acknowledged non material EV2


Reviewer Comment (2026-06-01): Received Appraisal delivery dated [Redacted] However Appraisal provided has a report date  [Redacted]. Provide prior appraisal report dated on or before  [Redacted]. Exception remains.


Buyer Comment (2026-05-29): Appraisal delivery
    06/01/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redact] 10314267 [Redact]   36829571     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Loan designation failure due to ATR failure.  This exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2026-06-02): Received Business Narrative completed by Tax preparer however Letter from borrower regarding nature of business provided. Exception Cleared.


Reviewer Comment (2026-06-01): Received US DOT Crash report however as per guide any one of the following document no more than  [Redacted]business days prior to the Note Date, or after the Note Date but prior to  [Redacted]purchase is required to meet the verification of business requirement.:-
 • CPA/Tax Preparer letter confirming the business is active and operating
• Evidence of current work (executed contracts or signed invoices) • Evidence of current business receipts/recent bank statement activity
• Business website demonstrating activity supporting current business operations (e.g., recently updated content or announcements, written confirmation from the lender that online scheduling, ordering or the business phone number is working). Exception remains.
06/02/2026     No 1 B A C A B A C A B A   [Redact] Investment Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
[Redact] 10314267 [Redact]   36829572     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. ATR failure due to insufficient income and asset documentation.  This exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2026-06-02): Received Business Narrative completed by Tax preparer however Letter from borrower regarding nature of business provided. Exception Cleared.


Reviewer Comment (2026-06-01): Received US DOT Crash report however as per guide any one of the following document no more than  [Redacted]business days prior to the Note Date, or after the Note Date but prior to [Redacted] purchase is required to meet the verification of business requirement.:-
 • CPA/Tax Preparer letter confirming the business is active and operating
• Evidence of current work (executed contracts or signed invoices) • Evidence of current business receipts/recent bank statement activity
• Business website demonstrating activity supporting current business operations (e.g., recently updated content or announcements, written confirmation from the lender that online scheduling, ordering or the business phone number is working). Exception remains.
06/02/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redact] 10318022 [Redact]   36829595     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or .[Redacted]%). Point and fees Informational EV2       Buyer Comment (2026-06-05): Acknowledged non material
    06/05/2026 No 2 B B B B B B B B B B   [Redact] Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A N/A N/A Yes
[Redact] 10356595 [Redact]   36900230     Credit Documents Missing Document Documents File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. - File does not contain documentation from lender/seller confirming the condo/co-op is warrantable.       Reviewer Comment (2026-07-15): Project review provided


Seller Comment (2026-07-13): complete condo form
07/15/2026     No 1 C A C A C A C A C A   [Redact] Investment Purchase   C B C B A A A A Exempt from ATR Exempt from ATR No
[Redact] 10356595 [Redact]   36903429     Credit Guideline Guideline Issue Guideline The number of financed properties exceeds guidelines.   The guidelines allow up to [Redacted] properties (financed or free and clear) and the borrowers have [Redacted], including the subject.  Lender exception approval in file. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%.

Borrower has been employed in the same industry for more than [Redacted] years.

Borrower has verified disposable income of at least $[Redacted].

Borrower has worked in the same position for more than [Redacted] years.

Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted].

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%.

The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum.
LTV [Redacted]%

residual income of $[Redacted] monthly.
[Redact] ,Aggregator

[Redact]

Aggregator,[Redact]

[Redact]

[Redact]

[Redact]

[Redact] 
Reviewer Comment (2026-07-09): Client elected to waive the condition with the following Comp Factors: LTV  [Redacted]%, residual income of $ [Redacted]monthly.
    07/09/2026 Yes 2 C B C B C B C B C B   [Redact] Investment Purchase   C B C B A A A A Exempt from ATR Exempt from ATR No
[Redact] 10337860 [Redact]   36890879     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   The file was missing a copy of the final title policy.       Reviewer Comment (2026-07-16): Final title provided
07/16/2026     No 1 A A A A A A A A A A   [Redact] Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
[Redact] 10337860 [Redact]   36890911     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%).         Buyer Comment (2026-07-09): Initial and Final Grade B, accepted
    07/09/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Non QM Non QM Yes
[Redact] 10337860 [Redact]   36900740     Credit Title Document Error Title The Commitment or Preliminary title policy does not reflect a coverage amount (no final title policy in file). Unable to determine if appropiate coverage is provided.   The preliminary title report in the file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.       Reviewer Comment (2026-07-16): Final title provided


Seller Comment (2026-07-14): final title policy attached
07/16/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
[Redact] 10337860 [Redact]   36900741     Credit Documents Missing Document Documents File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. -         Reviewer Comment (2026-07-16): Project review provided


Seller Comment (2026-07-14): singed condo form
07/16/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
[Redact] 10318357 [Redact]   36934455     Credit Guideline Guideline Issue Guideline Enhanced diligence review is being conducted on this loan.           Reviewer Comment (2026-06-25): Value accepted


Buyer Comment (2026-06-23): [Redacted] accepts value
06/25/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C A C A A A A A N/A N/A No
[Redact] 10318357 [Redact]   36934457     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Business Narrative is required from the borrower to describe the type of business and number of employees.       Reviewer Comment (2026-06-25): Received Business Narrative confirming the nature of business and the number of employees associated to the business. Exception cleared.


Buyer Comment (2026-06-24): revised statement


Reviewer Comment (2026-06-19): Received Business Narrative confirming the nature of business however it does not confirms the number of employees associated to the business. As per guide, A business narrative is required from the borrower to describe the type of business and number of employees. Exception remains.


Buyer Comment (2026-06-18): business narrative
06/25/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C A C A A A A A N/A N/A No
[Redact] 10318357 [Redact]   36934458     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Business funds were provided but not used to qualify, require additional asset to met the reserve requirement of [Redacted] months.       Reviewer Comment (2026-06-25): Received Cash Flow Analysis from Underwriter [Redacted] from [Redacted] with regards to usage of funds from business bank account #[Redacted] stating the funds would be used solely to satisfy the reserve requirement and would not need to be transferred or withdrawn from the business account. As such, utilizing these funds for reserve qualification would not adversely impact the ongoing operations or liquidity needs of the business. - Exception Cleared.


Buyer Comment (2026-06-24): UW analysis


Reviewer Comment (2026-06-19): Business Funds were used for asset qualification, received a letter from [Redacted] confirming no impact on business if funds been used for reserve purpose however unable to determine who [Redacted] is. Also if business funds are used for closing and reserve then A signed letter from the CPA/Tax Preparer or an underwriter cash
flow analysis based on three months' business bank statements is required to confirm that the withdrawal will not negatively impact the business. Exception remains.


Buyer Comment (2026-06-18): LOX to use business funds
06/25/2026     No 1 C A C A C A C A C A   [Redact] Investment Refinance - Rate/Term   C A C A A A A A N/A N/A No
[Redact] 10337850 [Redact]   36981253     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae [Redacted] [Redacted]% Points and Fees Test.  Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of  [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%).         Buyer Comment (2026-07-16): Initial and Final Grade B, accepted
    07/16/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10325980 [Redact]   37068344     Credit Documents Missing Document Documents File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. - Provide the lender attestation to confirm if the condo is warrantable or not.       Reviewer Comment (2026-08-06): Updated 1008 reflects condo is warrantable.  Exception cleared.


Seller Comment (2026-08-05): Updated 1008 denoting the project is warrantable uploaded for review.
08/06/2026     No 1 C A C A C A C A C A   [Redact] Second Home Purchase   C A C A A A A A Non QM Non QM No
[Redact] 10326039 [Redact]   37083430     Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees Fannie Mae 2014 3% Points and Fees Test.  Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of  3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact]% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] versus an investor allowable total of [Redact].       Reviewer Comment (2026-08-31): Client elected to waive the condition


Reviewer Comment (2026-08-11): Elevated to the client for review


Seller Comment (2026-08-10): Please escalate to [Redact] and waive.
    08/31/2026 No 2 B B B B B B B B B B   [Redact] Second Home Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM Yes
[Redact] 10326043 [Redact]   37080427     Compliance Compliance Federal Compliance GSE FNMA Points and Fees FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on a Original Loan Amount of [Redact] vs. an allowable total of [Redact] and[Redact]0 (2026) (an overage of [Redact] or [Redact]). FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and[Redact] (2026). FNMA Finance Charge total [Redact] on an Original Loan Amount of [Redact] versus an allowable total of [Redact] and [Redact] (2026) (an overage of [Redact] or [Redact]).       Reviewer Comment (2026-08-31): Client elected to waive the condition


Reviewer Comment (2026-08-11): Elevated to the client for review


Seller Comment (2026-08-10): Please escalate to [Redact] and waive.
    08/31/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Rate/Term LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Exempt from ATR Exempt from ATR Yes
[Redact] 10326046 [Redact]   37080423     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Processing Fee was not disclosed on the Loan Estimate. The file does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close Closing Disclosure disclosing the tolerance cure to include $[Redacted], a copy of the refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2026-08-07): [Redacted] received lender attestation for initial LE.


Seller Comment (2026-08-06): Loan estimated attestation uploaded for review.
08/07/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
[Redact] 10326046 [Redact]   37080424     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Credit Report Fee was last disclosed as $[Redacted] on the Loan Estimate but disclosed as $[Redacted] on the Final Closing Disclosure. The file does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close Closing Disclosure disclosing the tolerance cure to include $[Redacted], a copy of the refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.       Reviewer Comment (2026-08-07): [Redacted] received lender attestation for initial LE.


Seller Comment (2026-08-06): Loan estimated attestation uploaded for review.
08/07/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
[Redact] 10325997 [Redact]   37079568     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-08-10): [Redacted] received LOE suffice


Seller Comment (2026-08-06): The COC for the loan discount points was provided in your portal Doc ID [Redacted], which is tied to the loan estimate under Doc ID [Redacted].
08/10/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
[Redact] 10325997 [Redact]   37079569     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Processing Fee. Fee amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-08-10): [Redacted] received LOE suffice


Seller Comment (2026-08-06): Loan estimate attestation uploaded for review.
08/10/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
[Redact] 10326049 [Redact]   37083998     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. COA Valuations Rule (Dodd-Frank 2014): Borrower waived the right to receive a copy of the appraisal at least three (3) business days prior to closing, and the appraisal was not provided at or before closing.             07/28/2026 No 2 B B B B B B B B B B   [Redact] Investment Refinance - Rate/Term   B B A A B B A A Exempt from ATR Exempt from ATR No
[Redact] 10326055 [Redact]   37106261     Credit Loan Package Documentation Application / Processing Loan Package Documentation The file is missing proof of the Universal Loan Identifier (ULI).   Universal Loan Identifier (ULI) is not provided in the file.       Reviewer Comment (2026-08-06): ULI provided. Exception cleared.


Seller Comment (2026-08-05): Universal Loan Identifier uploaded for review.
08/06/2026     No 1 B A B A B A B A B A   [Redact] Primary Purchase   B A B A A A A A Non QM Non QM No
[Redact] 10326059 [Redact]   37110697     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2026-08-10): Paid invoice for the POC fees was provided


Seller Comment (2026-08-07): The borrower paid the $ [Redacted]appraisal fee via credit card, see attached paid invoice.
08/10/2026     No 1 C A C A C A C A C A   [Redact] Primary Refinance - Rate/Term   C B C B A A A A Non QM Non QM No
[Redact] 10326059 [Redact]   37110699     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file.             07/30/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Rate/Term   C B C B A A A A Non QM Non QM No
[Redact] 10326009 [Redact]   37112999     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.             07/30/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B A A B B A A Non QM Non QM No
[Redact] 10326010 [Redact]   37108487     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-07-30): Sufficient Cure Provided At Closing
  07/30/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
[Redact] 10326012 [Redact]   37092388     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2   The file is missing a copy of the secondary valuation required for securitization purposes       Reviewer Comment (2026-08-06): LCA score provided. Exception cleared.


Seller Comment (2026-08-05): Per guidelines section [Redacted] attached "CU/LCA score of  [Redacted]or lower, no 3rd party review. When both a CU and an LCA SSR are provided, the lower score of the two is used to determine if a review is required.", the FHLMC SSR was provided Doc ID [Redacted].
08/06/2026     No 1 D A D A D A D A D A   [Redact] Primary Refinance - Cash-out - Other   D B A A B B D A Non QM Non QM No
[Redact] 10326012 [Redact]   37095683     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.             07/28/2026 No 2 B B B B B B B B B B   [Redact] Primary Refinance - Cash-out - Other   D B A A B B D A Non QM Non QM No
[Redact] 10326073 [Redact]   37114758     Credit Title Document Error Title The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.             08/03/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B B B A A A A Non QM Non QM No
[Redact] 10326091 [Redact]   37085881     Credit Title Document Error Title The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within [Redacted] and does not reflect a coverage amount (no final title policy). Unable to determine if appropriate coverage is provided.             07/28/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B B B B B A A Non QM Non QM No
[Redact] 10326091 [Redact]   37086037     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.             07/28/2026 No 2 B B B B B B B B B B   [Redact] Primary Purchase   B B B B B B A A Non QM Non QM No
[Redact] 10286431 [Redact]   37138630     Compliance Compliance State Compliance Misc. State Level [Redact] Consumer Sales Practices Act (Acknowledgement of Receipt of Home Mortgage Loan Information Document Not Retained by Lender) [Redacted] Consumer Sales Practices Act: Acknowledgement of Receipt of Home Mortgage Loan Information Document not retained by lender.         Reviewer Comment (2026-06-03): Acknowledgement of Receipt of Home Mortgage Loan Information Document provided, Exception Cleared.


Buyer Comment (2026-06-02): uploaded
06/03/2026     No 1 B A B A B A B A B A   [Redact] Primary Purchase   C B C A C B A A Non QM Non QM No
[Redact] 10286431 [Redact]   37138631     Compliance Compliance State Compliance Misc. State Level [Redact] Consumer Sales Practices Act (Right Not To Close Disclosure Not Provided) [Redacted] Consumer Sales Practices Act: Borrower not provided Right Not To Close Disclosure.         Reviewer Comment (2026-06-03): Right Not to Close Disclosure provided, Exception Cleared.


Buyer Comment (2026-06-02): uploaded
06/03/2026     No 1 B A B A B A B A B A   [Redact] Primary Purchase   C B C A C B A A Non QM Non QM No
[Redact] 10286431 [Redact]   37138632     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. Fee was disclosed as $[Redacted] on the initial Loan Estimate but was disclosed as $[Redacted] on the Final Closing Disclosure.  A valid change of circumstance not provided for fee increase.  The cure provided at closing ($[Redacted]) is sufficient to address the violation but is insufficient to address all tolerance violations.       Reviewer Comment (2026-05-29): Cured at closing or within  [Redacted]days of consummation prior to TPR review
  05/29/2026   No 1 C B C B C B C B C B   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
[Redact] 10286431 [Redact]   37138633     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  $[Redacted] over legal limit.  Insufficient or no cure was provided to the borrower. The Survey Fee was not disclosed on the initial Loan Estimate.  A valid change of circumstance is not provided for the addition of the new fee.  The cure provided at closing $[Redacted] is insufficient to address all tolerance violations.       Reviewer Comment (2026-06-15): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2026-06-11): uploaded


Reviewer Comment (2026-06-08): elevated to compliance


Reviewer Comment (2026-06-08): [Redacted] is unable to determine from the file whether the lender or title company required the survey.  If the lender required, the survey fee then a cure is due to the borrower.  If the borrower-chosen service provider further outsourced the Survey Fee, an attestation or comment on exception from the seller is needed.  The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected.


Buyer Comment (2026-06-04): Survey Fee was included in the purchase agreement , and the fee was pd to a 3rd party as shopped for.  uploaded SPL to support that was initially missing from file
  06/15/2026   No 2 C B C B C B C B C B   [Redact] Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
[Redact] 10286431 [Redact]   37138634     Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Missing disclosure of settlement service providers issued within 3 business days of application date.  Per final Closing Disclosure, borrower shopped for services.       Reviewer Comment (2026-06-08): [Redacted] received SSPL.
06/08/2026     No 1 A A A A A A A A A A   [Redact] Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
[Redact] 10286431 [Redact]   37138636     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations:  D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? was entered Yes.  Unable to determine qualification without this information. - No information is provided related to the additional mortgage disclosed.       Reviewer Comment (2026-06-10): Letter of Explanation provided for verification of mortgage on another property (1003 Declaration), Exception cleared.


Buyer Comment (2026-06-09): uploaded
06/10/2026     No 1 C A C A C A C A C A   [Redact] Primary Purchase   C B C A C B A A Non QM Non QM No
[Redact] 10333286 [Redact]   37138664     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Contact Information - Broker TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [Redacted] did not disclose the required  Broker  Contact Information (Broker Name, Broker NMLS ID, Contact Name, Contact NMLS ID). The Closing Disclosure is missing the Mortgage Broker Contact NMLS ID number.       Reviewer Comment (2026-06-23): [Redacted] received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2026-06-22): doc uploaded


Reviewer Comment (2026-06-22): [Redacted] received Post CD.However,we would also require LOX to the borrower.


Buyer Comment (2026-06-19): doc uploaded
  06/23/2026   No 2 C B C B C B C B C B   [Redact] Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
[Redact] 10358850 [Redact]   37404119     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-05): Sufficient Cure Provided At Closing
  06/05/2026   No 1 A A A A A A A A A A   [Redact] Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes