GCAT Depositor V LLC ABS-15G

Exhibit 99.9

 

 

Exception Grades
Run Date - 9/16/2026 12:14:46 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
[Redacted] [Redacted] [Redacted] GCAT2026CES1000001 36734587     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/13/2026 No 3 A A A A A A A A A A   NM Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000001 36734588     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NM Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000001 36734589     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, no change to grading.
    04/08/2026 No 2 A A A A A A   B B B   NM Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000001 36734590     Credit Credit Miscellaneous Guideline Credit Exception:   Guidelines require a [redacted]month housing history and the current existing senior lien was not opened until [redacted]with the credit report only reporting [redacted]months and a prior consecutive mortgage was not found.  Borrower acquired the subject property on [redacted] per title.   Please provide prior history to verify the additional months required or evidence the borrower did not have a mortgage at the time of the senior lien opened on [redacted].       Reviewer Comment (2026-04-16): Documentation provided verifying the most recent months mortgage history on the credit report is accurate.  Exception cleared.


Buyer Comment (2026-04-14): Please see the attached history supporting the evidence shown on the credit report.
04/16/2026     No 1 C A C A C A C A C A   NM Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000002 36734593     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.         Buyer Comment (2026-04-14): Seller acknowledges the exception, no change to grading.
    04/14/2026 No 2 B B B B B B B B B B   NV 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 B B A A B B A A Non QM Non QM Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000002 36734594     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/13/2026 No 3 A A A A A A A A A A   NV Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000002 36734596     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted] valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NV Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000003 36734599     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/13/2026 No 3 A A A A A A A A A A   IN Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000003 36734600     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IN Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000003 36734601     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, no change to grading.
    04/08/2026 No 2 A A A A A A   B B B   IN Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000003 36734602     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.         Buyer Comment (2026-04-14): Seller acknowledges the exception, no change to grading.
    04/14/2026 No 2 B B B B B B B B B B   IN 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 B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000004 36734603     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/13/2026 No 3 A A A A A A A A A A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000004 36734604     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No [redacted] valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000005 36734608     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/13/2026 No 3 A A A A A A A A A A   ME Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000005 36734609     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   ME Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000005 36734610     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/09/2026 No 2 A A A A A A   B B B   ME Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000006 36734612     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/13/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000006 36734613     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000006 36734614     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 2 A A A A A A   B B B   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000007 36734616     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003           Reviewer Comment (2026-05-05): Received the final loan application.  Exception cleared.


Buyer Comment (2026-05-05): Please see the attached final 1003.
05/05/2026     No 1 C A C A C A C A C A   VA Primary Refinance - Cash-out - Other   D A D A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000007 36734617     Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided           Reviewer Comment (2026-05-05): Received the Security Instrument.  Exception cleared.


Buyer Comment (2026-05-05): Please see the attached note and mortgage.
05/05/2026     No 1 D A D A D A D A D A   VA Primary Refinance - Cash-out - Other   D A D A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000007 36734618     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   VA Primary Refinance - Cash-out - Other   D A D A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000007 36734619     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-04): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/04/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   VA Primary Refinance - Cash-out - Other   D A D A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000007 36734620     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 A A A A A A   B B B   VA Primary Refinance - Cash-out - Other   D A D A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000007 36734621     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 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]%.  Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2026-05-05): Received the final Closing Disclosure.  Exception cleared.
05/05/2026     No 1 A A A A A A A A A A   VA Primary Refinance - Cash-out - Other   D A D A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000007 36734623     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Higher Priced QM (APOR) does not match Due Diligence Loan Designation of Safe Harbor QM (APOR). This exception will be further reviewed upon receipt of the Final Closing Disclosure.       Reviewer Comment (2026-06-01): Rate set override completed based on lender attestation. Exception cleared.


Buyer Comment (2026-05-28): Please see the attached attestation.


Reviewer Comment (2026-05-15): Response from client's question to [redacted]: From guidance of [redacted]outside counsel, [redacted]requires an attestation for extension of rate.

Our guidance states the following:

…In the event the seller or client provides information or documentation indicating that the
creditor exercised discretion in setting or re-setting the rate at a later time before consummation, the most recent
rate lock/extension may be used as the rate-set date provided there is written documentation and the rate at re-set
matches the Note rate at consummation.


Reviewer Comment (2026-05-13): Attestation was not provided.  Exception remains.


Buyer Comment (2026-05-11): Please be advised that an attestation is not required as stated in the exception comments regulation allows for this.


Reviewer Comment (2026-05-07): Compliance response - In order to use the later date for the APOR index, we would need an attestation from the lender stating that they exercised discretion in resetting the rate at a later date (with the date specified and aligning with rate lock documentation in file).

While [redacted]has been advised by its counsel to use the Reg Z approach by default, we acknowledge there is an alternate approach under Reg C (HMDA) that may also be leveraged in certain situations. Under the Reg C approach, ". . .if a rate is reset after a lock-in agreement is executed (for example, because the borrower exercises a float-down option or the agreement expires), then the relevant date is the date the financial institution exercises discretion in setting the rate for the final time before final action is taken. The same rule applies when a rate-lock agreement is extended and the rate is reset at the same rate, regardless of whether market rates have increased, decreased, or remained the same since the initial rate was set." [1003.4(a)(12)-5(i)] In this instance, if the lender can provide an attestation that they exercised discretion in resetting the rate at a later date, we can use that date for purposes of establishing the Rate Set Date for compliance testing purposes.


Buyer Comment (2026-05-05): Per the attached Interest rate agreements, the loan received a series of rate lock extensions beginning[redacted] through the [redacted] closing.


Reviewer Comment (2026-05-05): The rate lock on [redacted]did not reflect a change in rate from the initial rate lock on [redacted] and there were no documented changes in between.  Please provide evidence of a change in rate between the initial rate lock and the final lock on [redacted] based on the Reg Z approach.  If relying on the Reg C approach, in the event there is a re-lock or extension with no change in rate, please provide information/attestation indicating the lender exercised discretion in setting or re-setting the rate at a later time before consummation, albeit at the same rate.
06/01/2026     No 1 B A C A B A C A B A   VA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status D A D A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000007 36734624     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form Final Closing Disclosure (Material Disclosures) Provided to All Parties Truth in Lending Act:  Closing Disclosure was not provided to all parties whose ownership interest is or will be subject to the security interest. Final Closing Disclosure missing in the file, please provide for review.       Reviewer Comment (2026-05-05): Received the final Closing Disclosure.  Exception cleared.


Buyer Comment (2026-05-05): Please see the attached final CD.
05/05/2026     No 1 C A C A C A C A C A   VA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Evidence of earlier receipt of accurate material disclosures or if unavailable, provide:  CD with accurate material disclosures to all parties with right to rescind, Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form with new 3-day waiting period D A D A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000007 36734625     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form Right of Rescission Timing - Note Date used as Transaction Date Unable to conclusively determine date of consummation. Note date used as transaction date for purposes of determining compliance with rescission timing requirements         Reviewer Comment (2026-05-05): Received the final Closing Disclosure and RTC disclosure.  Exception cleared.
05/05/2026     No 1 B A B A B A B A B A   VA Primary Refinance - Cash-out - Other   D A D A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000007 36734626     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.         Reviewer Comment (2026-05-05): Received the RTC.  Exception cleared.


Buyer Comment (2026-05-05): Please see the attached NORTC.
05/05/2026     No 1 C A C A C A C A C A   VA 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 A D A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000008 36734629     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/13/2026 No 3 A A A A A A A A A A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000008 36734630     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000008 36734631     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 2 A A A A A A   B B B   NC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000009 36734633     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/13/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000009 36734634     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000009 36734635     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/09/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000009 36734638     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.         Buyer Comment (2026-04-21): seller accepts; no change to grading.
    04/21/2026 No 2 B B B B B B B B B B   CA 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 B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000010 36734640     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000010 36734641     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-04): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/04/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000010 36734642     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 A A A A A A   B B B   PA Primary Refinance - Cash-out - Other   C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000010 36734645     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to [redacted] business days from transaction date of [redacted]. The Final Closing Disclosure was not signed by the borrower until [redacted]. The loan was disbursed prior to midnight of the third business day after consummation. Lender to reopen rescission, provide the new Right to Cancel form, a copy of the Letter of Explanation sent to the borrower, and proof of delivery. Note: This exception cannot be cured until the new rescission period ends.       Reviewer Comment (2026-05-14): Proof of borrower's receipt of letter of explanation along with re-opened rescission on correct RTC form has been provided to cure exception.


Buyer Comment (2026-05-13): Please see attached, re-opened ROR as requested
  05/14/2026   No 2 C B C B C B C B C B   PA 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 C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000010 36734646     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date Truth in Lending Act:  Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). The Final Closing Disclosure was not signed until [redacted]. RTC disclosed incorrect transaction and expiration dates. Lender to reopen rescission, provide a copy of the new Right to Cancel form, the Letter of Explanation sent to the borrower, and proof of delivery. Note: This exception cannot be cured until the expiration of the new rescission period.       Reviewer Comment (2026-05-14): Proof of borrower's receipt of letter of explanation along with re-opened rescission on correct RTC form has been provided to cure exception.


Buyer Comment (2026-05-13): Please see attached, re-opened ROR as requested
  05/14/2026   No 2 C B C B C B C B C B   PA 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 C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000011 36734648     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000011 36734649     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000012 36734650     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/13/2026 No 3 A A A A A A A A A A   WI Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000012 36734651     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   WI Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000012 36734652     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 2 A A A A A A   B B B   WI Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000012 36734654     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.         Buyer Comment (2026-04-21): Seller acknowledges exception, no change in grading
    04/21/2026 No 2 B B B B B B B B B B   WI 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 B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000013 36734655     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/13/2026 No 3 A A A A A A A A A A   MD Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000013 36734656     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MD Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000013 36734657     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 2 A A A A A A   B B B   MD Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000014 36734659     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/13/2026 No 3 A A A A A A A A A A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000014 36734660     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000014 36734661     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 2 A A A A A A   B B B   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000015 36734663     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/13/2026 No 3 A A A A A A A A A A   AZ Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000015 36734664     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AZ Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000015 36734665     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/09/2026 No 2 A A A A A A   B B B   AZ Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000016 36734667     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000016 36734668     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000017 36734672     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000017 36734673     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/09/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000017 36734674     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted] valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000018 36734677     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000018 36734678     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000019 36734679     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   NV Primary Refinance - Cash-out - Other   C A A A C A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000019 36734680     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NV Primary Refinance - Cash-out - Other   C A A A C A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000019 36734681     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 (2026-05-05): Received screenshot from lender's LOS verifying the date the disclosure was provided.  Exception cleared.


Buyer Comment (2026-05-04): Please see attached confirmation of when the gov't disclosure was provided with the language pertaining to the appraisal. Please reivew to clear this condition.
05/05/2026     No 1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other   C A A A C A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000019 36734682     Compliance Compliance Federal Compliance TRID TIL HPML Appraisal Disclosure - HPML Timing HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] days of the loan application date. The file was missing evidence that the Right to Receive Appraisal Disclosure was provided within [redacted] days of the application date of [redacted]. The initial LE dated [redacted] did not have the appraisal language on page [redacted], and the Right to Receive Appraisal disclosure does not show it was provided until [redacted].       Reviewer Comment (2026-05-05): Received screenshot from lender's LOS verifying the date the disclosure was provided.  Exception cleared.


Buyer Comment (2026-05-04): Please see attached confirmation of when the gov't disclosure was provided with the language pertaining to the appraisal. Please reivew to clear this condition.
05/05/2026     No 1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other   C A A A C A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000020 36734685     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000020 36734686     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000021 36734690     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000021 36734691     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NY Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000022 36734694     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000022 36734695     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000022 36734696     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000022 36734700     Compliance Compliance State Compliance Misc. State Level (TX50(a)(6)) Texas Cash-out Loan (The lender/Assignee cannot conclusively rely on the Value on the Acknowledgement of Fair Market Value as the loan file does not contain an Appraisal) [redacted] Constitution Section 50(a)(6): The lender/Assignee cannot conclusively rely on the Value on Acknowledgement of Fair Market Value.  Test performed using stated value or other valuation method in file other than appraisal.               05/04/2026 No 2 A A A A A A A A A A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000023 36734701     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   UT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000023 36734702     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted] valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   UT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000023 36734703     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 2 A A A A A A   B B B   UT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000024 36734707     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 2 A A A A A A   B B B   ID Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000024 36734708     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted] valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   ID Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000024 36734709     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   ID Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000024 36734711     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.         Reviewer Comment (2026-04-24): Seller acknowledges exception, no change to grading.
    04/24/2026 No 2 B B B B B B B B B B   ID 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 B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000025 36734713     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000025 36734714     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000025 36734715     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 2 A A A A A A   B B B   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000026 36734717     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000026 36734718     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000026 36734719     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000026 36734721     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - ___ The subject is in a PUD. Please provide evidence of the current HOA dues for review.       Reviewer Comment (2026-05-05): HOA document received along with updated 1003 & 1008. Exception cleared.


Buyer Comment (2026-05-05): Please see attached, confirmation of $[redacted]hoa dues. The dues were added to the DTI calculation. I have uploaded the updated 1003 and 1008 for review.
05/05/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000027 36734722     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NC Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000027 36734723     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   NC Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000027 36734724     Compliance Compliance Federal Compliance TRID TIL HPML Appraisal Disclosure - HPML Timing HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] days of the loan application date. The file was missing evidence that the Right to Receive Appraisal Disclosure was provided within [redacted]days of the application. The earliest evidence of delivery was on the Government Disclosures document from [redacted]. It's further noted that the initial Loan Estimate did not contain the required appraisal language on page [redacted].       Reviewer Comment (2026-05-06): Client provided screenshot of LOS system confirming the Early Disclosure package was sent to borrower timely, exception cleared.


Buyer Comment (2026-05-05): Please disregard the initial screen shots as they were for a different loan


Buyer Comment (2026-05-05): Attached are screen shots showing the early disclosure package was sent to the borrower on[redacted]. We have included the full early disclosure package where the cover letter confirms the date it was printed. The Government Disclosure is on the last page and contains the required verbiage bolded and underlined. Please use this to confirm the disclosure was included in the early disclosure package and was delivered to the borrower in the required timeframe.


Buyer Comment (2026-05-05): Attached are screen shots showing the early disclosure package was sent to the borrower on [redacted]. We have included the full early disclosure package where the cover letter confirms the date it was printed. The Government Disclosure is on the last page and contains the required verbiage bolded and underlined. Please use this to confirm the disclosure was included in the early disclosure package and was delivered to the borrower in the required timeframe.
05/06/2026     No 1 C A C A C A C A C A   NC Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000027 36734728     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 (2026-05-06): Client provided screenshot of LOS system confirming the Early Disclosure package was sent to borrower timely, exception cleared.


Buyer Comment (2026-05-05): Attached are screen shots showing the early disclosure package was sent to the borrower on [redacted]. We have included the full early disclosure package where the cover letter confirms the date it was printed. The Government Disclosure is on the last page and contains the required verbiage bolded and underlined. Please use this to confirm the disclosure was included in the early disclosure package and was delivered to the borrower in the required timeframe.
05/06/2026     No 1 C A C A C A C A C A   NC Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000027 36734729     Credit Guideline Guideline Issue Guideline Hazard Insurance Policy expires within [redacted] days of the Note Date or is already expired.   The insurance in the file was expired at the time of consummation. Please provide evidence of the renewal policy with the new premium for period beginning [redacted]. Internal documentation confirming the new premium for DTI purposes is sufficient.       Reviewer Comment (2026-05-11): Hazard Insurance policy received. Exception cleared.


Buyer Comment (2026-05-11): Please see attached


Reviewer Comment (2026-05-07): Diligence agrees the dates are not materially important, unless the HOI is expired as of the Note date. The HOI was expired at the time of consummation of the subject loan, so the new policy premium is required for ATR purposes. Exception remains.


Buyer Comment (2026-05-05): The HOI declarations page is only provided for the purposes on verifying the premium for the total liability for DTI purposes. There is no requirement or guidelines for this product regarding the policy dates. Please escalate for this to be cleared as is, as there is no material issue.
05/11/2026     No 1 C A C A C A C A C A   NC Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000028 36734731     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000028 36734732     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000029 36734736     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000029 36734737     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000029 36734738     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 2 A A A A A A   B B B   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000030 36734739     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000030 36734740     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted] valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000030 36734741     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 2 A A A A A A   B B B   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000031 36734743     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000031 36734744     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted] valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000032 36734748     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000032 36734749     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000032 36734750     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 2 A A A A A A   B B B   SC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000033 36734752     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   WA Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000033 36734753     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted] valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   WA Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000033 36734754     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 2 A A A A A A   B B B   WA Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000033 36734757     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.         Reviewer Comment (2026-04-24): Seller acknowledges exception, no change to grading.
    04/24/2026 No 2 B B B B B B B B B B   WA 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 B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000034 36734758     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   B B B A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000034 36734759     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   B B B A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000034 36734760     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   B B B A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000034 36734761     Credit Title Document Error Title The Commitment or 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.           Reviewer Comment (2026-06-11): Final title with coverage amount was provided.  Exception cleared.


Reviewer Comment (2026-06-11): Final title provided.


Buyer Comment (2026-05-05): Seller acknowledges exception, no change to grading.
06/11/2026     No 1 B A B A B A B A B A   CA Primary Refinance - Cash-out - Other   B B B A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000034 36734762     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2026-06-11): Final title with coverage amount was provided.  Exception cleared.
06/11/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   B B B A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000034 36734764     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.         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 B B B B B B B B B B   CA 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 B B B A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000035 36734766     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000035 36734767     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000036 36734769     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   LA Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000036 36734770     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   LA Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000036 36734774     Credit Credit Miscellaneous Guideline Credit Exception:   The borrower's [redacted] W2 in the file was blank. Please provide the most recent year W2 or equivalent documentation for review.       Reviewer Comment (2026-05-06): Client provided a copy of the borrower's [redacted] W2, exception cleared.


Buyer Comment (2026-05-05): Please see the attached [redacted] w2.
05/06/2026     No 1 C A C A C A C A C A   LA Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000037 36734776     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000037 36734777     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000037 36734778     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000038 36734780     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000038 36734781     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted] valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted] valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000038 36734782     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   MO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000039 36734784     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   ID Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000039 36734785     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: 325 Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   ID Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000040 36734788     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   AR Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000040 36734789     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AR Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000040 36734791     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   AR Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000040 36734793     Credit Credit Miscellaneous Guideline Credit Exception:   The borrower's active business license was provided for the third-party verification, however, it was not dated within [redacted]days of the Note. Please provide evidence this was obtained by the lender within the required timeframe, or provide an additional third-party verification dated within [redacted]days of the Note for review.       Reviewer Comment (2026-05-07): Evidence the lender obtained the third-party verification within [redacted]days of the Note has been provided. Exception cleared.


Buyer Comment (2026-05-05): Please see attached confirming when this was received.
05/07/2026     No 1 C A C A C A C A C A   AR Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000041 36734794     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000041 36734795     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000041 36734796     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000042 36734798     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000042 36734799     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000043 36734801     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   WA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000043 36734804     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   WA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000044 36734805     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000044 36734806     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000045 36734809     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   WA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000046 36734812     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   NH Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000046 36734813     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purpose.       Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NH Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000046 36734814     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, no change to grading.
    04/08/2026 No 2 A A A A A A   B B B   NH Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000047 36734819     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, no change to grading.
    04/08/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000047 36734820     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000047 36734821     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000048 36734822     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000048 36734823     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted] valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000048 36734827     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.         Reviewer Comment (2026-04-24): Seller acknowledges exception, no change to grading.
    04/24/2026 No 2 B B B B B B B B B B   CA 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 B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000049 36734828     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000049 36734829     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000049 36734830     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, no change to grading.
    04/30/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000049 36734834     Credit Credit Miscellaneous Guideline Credit Exception:   Fannie Mae requires that the income verification is current and not more than [redacted]days old as of the note date. The Equifax document provided for income from [redacted] has a current as of date of [redacted]. Please provide current paystub or equivalent dated within [redacted]days of the application.       Reviewer Comment (2026-05-08): Client provided verification of employment with updated current as of date of [redacted], exception cleared.


Buyer Comment (2026-05-07): Please see the attached verification of employment current as of [redacted]. [redacted] VOE begins on page [redacted].
05/08/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000050 36734835     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   MN Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000050 36734836     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 (2026-05-06): Client provided screenshot of LOS system confirming the Early Disclosure package was sent to borrower timely, exception cleared.


Buyer Comment (2026-05-04): Please see attached confirmation of when the gov't disclosure was provided with the language pertaining to the appraisal. Please reivew to clear this condition.
05/06/2026     No 1 C A C A C A C A C A   MN Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000050 36734837     Compliance Compliance Federal Compliance TRID TIL HPML Appraisal Disclosure - HPML Timing HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted]days of the loan application date. The file is missing evidence that the Right to Receive Appraisal Disclosure was provided within [redacted]days of the application. Please provide for review.       Reviewer Comment (2026-05-06): Client provided screenshot of LOS system confirming the Early Disclosure package was sent to borrower timely, exception cleared.


Buyer Comment (2026-05-04): Please see attached confirmation of when the gov't disclosure was provided with the language pertaining to the appraisal. Please reivew to clear this condition.
05/06/2026     No 1 C A C A C A C A C A   MN Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000050 36734839     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.         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 B B B B B B B B B B   MN 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 C B A A C B A A Non QM Non QM Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000050 36734840     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No [redacted] valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MN Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000051 36734842     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NY Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000051 36734843     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000052 36734846     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   NV Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000052 36734847     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NV Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000052 36734848     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   NV Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000053 36734851     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   IN Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000053 36734852     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IN Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000053 36734853     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   IN Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000053 36734855     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.         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 B B B B B B B B B B   IN 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 B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000054 36734856     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000054 36734857     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   MT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000055 36734859     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000055 36734863     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000056 36734870     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000056 36734871     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000056 36734875     Credit Credit Miscellaneous Guideline Credit Exception:   The borrower's most recent W-2 is missing. The [redacted] and [redacted] W-2s provided are blank. Please provide a completed [redacted] W-2 for review.       Reviewer Comment (2026-04-29): Client provided the borrower's [redacted] W2, exception cleared.


Buyer Comment (2026-04-27): Please see the attached W-2
04/29/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000057 36734876     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   IL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000057 36734877     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-08): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000057 36734878     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, no change to grading.
    04/08/2026 No 2 A A A A A A   B B B   IL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000058 36734881     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   NV Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000058 36734884     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.         Reviewer Comment (2026-04-24): Seller acknowledges exception, no change to grading.
    04/24/2026 No 2 B B B B B B B B B B   NV 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 B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000058 36734885     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NV Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000059 36734886     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   MN Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000059 36734887     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MN Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000060 36734899     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000060 36734900     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000061 36734902     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   WA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000061 36734904     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   WA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000062 36734906     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   NE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000062 36734907     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000063 36734908     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   ID Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000063 36734909     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-04-08): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   ID Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000063 36734910     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, no change to grading.
    04/08/2026 No 2 A A A A A A   B B B   ID Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000064 36734913     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000064 36734914     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000064 36734915     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000065 36734918     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000065 36734919     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000066 36734923     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000066 36734924     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000067 36734926     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000067 36734927     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No [redacted]valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the [redacted]valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000067 36734928     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000068 36734930     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000068 36734931     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No [redacted]valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000069 36734935     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000069 36734940     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal from prior transaction was in file. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000070 36734942     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000070 36734943     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided [redacted] and/or [redacted] provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000071 36734949     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000071 36734950     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided [redacted] and/or [redacted] provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000071 36734951     Compliance Compliance State Compliance State HPML [redacted]  [redacted]  Home Loan Threshold Fixed Compliant [redacted] Subprime Loan: APR on subject loan of[redacted]% or Final Disclosure APR of [redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [redacted] + [redacted]%, or [redcated]%.  Compliant SubPrime Loan.               04/24/2026 No 2 B B B B B B B B B B   NY Primary Refinance - Cash-out - Other No obvious cure.  Cure provision under NY Subprime 6-m(7) appears to be limited to making a non-compliant NY Subprime loan into a compliant NY subprime loan with no explicit cure language permitting loan to be refunded or cured by reducing the APR to effectively bring the loan out of NY Subprime status. B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000072 36734952     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000072 36734953     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, [redacted]valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000073 36734956     Compliance Compliance Federal Compliance Federal HPML Federal HPML [redacted] 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]%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2026-05-06): Client provided screenshot of LOS system confirming the Early Disclosure package was sent to borrower timely on [redacted], exception cleared.


Buyer Comment (2026-05-05): Attached are screen shots showing the early disclosure package was sent to the borrower on [redacted]. We have included the full early disclosure package where the cover letter confirms the date it was printed. The Government Disclosure is on the last page and contains the required verbiage bolded and underlined. Please use this to confirm the disclosure was included in the early disclosure package and was delivered to the borrower in the required timeframe.
05/06/2026     No 1 C A C A C A C A C A   UT Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000073 36734957     Compliance Compliance Federal Compliance TRID [redacted] [redacted] Appraisal Disclosure - HPML Timing HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] days of the loan application date. The file was missing the Right to Receive Appraisal Disclosure provided within [redacted] days of the application date. The initial Loan Estimate did not contain this information on page [redacted], and the earliest receipt of the Government Disclosure was documented as [redacted]       Reviewer Comment (2026-05-06): Client provided screenshot of LOS system confirming the Early Disclosure package was sent to borrower timely on [redacted], exception cleared.


Buyer Comment (2026-05-05): Attached are screen shots showing the early disclosure package was sent to the borrower on [redacted]. We have included the full early disclosure package where the cover letter confirms the date it was printed. The Government Disclosure is on the last page and contains the required verbiage bolded and underlined. Please use this to confirm the disclosure was included in the early disclosure package and was delivered to the borrower in the required timeframe.
05/06/2026     No 1 C A C A C A C A C A   UT Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000073 36734959     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 [redacted] form was used, the [redacted] form should have been used. (The property state is in the [redacted].)         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 B B B B B B B B B B   UT 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 C B A A C B A A Non QM Non QM Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000073 36734960     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   UT Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000074 36734964     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   WV Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000074 36734965     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   WV Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000074 36734966     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   WV Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000074 36734967     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The AVM indicates the subject may have HOA dues. No PUD Rider was attached to the mortgage and HOA dues were not considered in qualifying. Please provide documentation supporting the property does not have HOA dues for review.       Reviewer Comment (2026-05-05): Received HOA verification document subject property does not have any HOA dues. Exception cleared


Buyer Comment (2026-05-05): Please see the attached confirmation the property is a single family residence with no HOA dues.
05/05/2026     No 1 C A C A C A C A C A   WV Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000075 36734968     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000075 36734969     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided [redacted] and/or [redacted] provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000075 36734972     Compliance Compliance State Compliance State HPML [redacted] Loan Threshold Fixed Compliant [redacted]  Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [redacted]%.  Compliant SubPrime Loan.         Reviewer Comment (2026-05-01): Loan satisfies all [redacted] Subprime conditions, and the loan is a Compliant [redacted] Subprime Loan.
    05/04/2026 No 2 B B B B B B B B B B   NY Primary Refinance - Cash-out - Other No obvious cure.  Cure provision under NY Subprime 6-m(7) appears to be limited to making a non-compliant NY Subprime loan into a compliant NY subprime loan with no explicit cure language permitting loan to be refunded or cured by reducing the APR to effectively bring the loan out of NY Subprime status. B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000076 36734974     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   MD Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000076 36734975     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or [redacted] provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MD Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000077 36734977     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000077 36734978     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000078 36734980     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file was missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000078 36734981     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000078 36734982     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000079 36734985     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000079 36734986     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000079 36734987     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000080 36734989     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000080 36734990     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000081 36734992     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000081 36734993     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000081 36734994     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000082 36734996     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000082 36734997     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000082 36734998     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000082 36735001     Compliance Compliance State Compliance Misc. State Level (TX50(a)(6)) Texas Cash-out Loan (The lender/Assignee cannot conclusively rely on the Value on the Acknowledgement of Fair Market Value as the loan file does not contain an Appraisal) [redacted] Constitution Section [redacted]: The lender/Assignee cannot conclusively [redacted] on the Value on Acknowledgement of Fair Market Value.  Test performed using stated value or other valuation method in file other than appraisal.               05/01/2026 No 2 A A A A A A A A A A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000083 36735007     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000083 36735008     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided [redacted]  and/or [redacted]  provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-08): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000084 36735009     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-08): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/08/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000084 36735010     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000085 36735013     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000085 36735014     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NY Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000086 36735015     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   UT Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000086 36735016     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]%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2026-05-11): Client provided screenshot of LOS system confirming the Early Disclosure package was sent to borrower timely, exception cleared.


Buyer Comment (2026-05-11): Please see the attached internal screenshot confirming the Government Disclosures document containing the required verbiage was disclosed to the borrower in the early disclosure package within [redacted] business days of application.


Reviewer Comment (2026-05-08): The document provided is not dated to determine when it was provided. In addition, the correct language is reflected on the Government Disclosure already provided. There was no evidence the disclosure was provided within [redacted] business days. Please provide documentation to verify the Right to Receive Appraisal Disclosure was received within [redacted] business days. Please provide a screenshot from lender's LOS system verifying the Government Disclosure was provided within [redacted] business days. Exception remains.


Buyer Comment (2026-05-07): Please see the attached appraisal disclosure.


Reviewer Comment (2026-05-06): The indicated exception is for the Right to Receive the Appraisal Disclosure. Please provide evidence it was provided within [redacted] business days from application


Buyer Comment (2026-05-05): Please see appraisal cover letter confirming delivery on page [redacted].


Buyer Comment (2026-05-05): Per the documentation provided, the loan is compliant. Please review to clear.
05/11/2026     No 1 C A C A C A C A C A   UT Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000086 36735017     Compliance Compliance Federal Compliance TRID TIL HPML Appraisal Disclosure - HPML Timing HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] days of the loan application date. The file was missing evidence that the Right to Receive Appraisal Disclosure was provided within [redacted] days of the application. Please provide for review.       Reviewer Comment (2026-05-11): Client provided screenshot of LOS system confirming the Early Disclosure package was sent to borrower timely, exception cleared.


Buyer Comment (2026-05-11): Please see the attached internal screenshot confirming the Government Disclosures document containing the required verbiage was disclosed to the borrower in the early disclosure package within [redacted] business days of application.


Reviewer Comment (2026-05-08): The document provided is not dated to determine when it was provided.  In addition, the correct language is reflected on the Government Disclosure already provided.  There was no evidence the disclosure was provided within [redacted] business days.  Please provide documentation to verify the Right to Receive Appraisal Disclosure was received within [redacted] business days.  Please provide a screenshot from lender's LOS system verifying the Government Disclosure was provided within [redacted] business days.  Exception remains.


Buyer Comment (2026-05-07): Please see the attached appraisal disclosure.


Reviewer Comment (2026-05-06): Screen shot from lender's LOS system identifies the date the appraisal was received.  The indicated exception is for the Right to Receive the Appraisal Disclosure.  Please provide evidence it was provided within [redacted] business days from application.


Buyer Comment (2026-05-05): Please see the attached screenshot from the LOS confirming the borrower viewed the appraisal on [redacted].
05/11/2026     No 1 C A C A C A C A C A   UT Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000086 36735019     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 [redacted] form should have been used.         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 B B B B B B B B B B   UT 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 C B A A C B A A Non QM Non QM Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000086 36735020     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided [redacted] and/or [redacted] provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-04): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/04/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   UT Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000087 36735023     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000087 36735026     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided [redacted] and/or [redacted] provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000088 36735029     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000088 36735030     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000088 36735031     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, no change to grading.
    04/09/2026 No 2 A A A A A A   B B B   LA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000089 36735036     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-04): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/04/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000089 36735037     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or [redacted] interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 A A A A A A   B B B   AL Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000089 36735038     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000090 36735042     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000090 36735043     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-04): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/04/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000090 36735044     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 A A A A A A   B B B   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000091 36735046     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   VA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000091 36735047     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-04): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/04/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   VA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000091 36735048     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 A A A A A A   B B B   VA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000092 36735051     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000092 36735052     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000093 36735053     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   ID Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000093 36735055     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   ID Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000093 36735056     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 [redacted] form was used, the [redacted] form should have been used.         Reviewer Comment (2026-04-24): Seller acknowledges exception, no change to grading.
    04/24/2026 No 2 B B B B B B B B B B   ID 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 B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000094 36735057     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000094 36735058     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000095 36735061     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000095 36735062     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000095 36735063     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, no change to grading.
    04/09/2026 No 2 A A A A A A   B B B   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000096 36735064     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   OR Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000096 36735065     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-04): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/04/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   OR Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000096 36735066     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 A A A A A A   B B B   OR Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000097 36735068     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000097 36735070     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000098 36735071     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000098 36735072     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000099 36735076     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   MO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000099 36735077     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000100 36735079     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   UT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000100 36735080     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   UT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000100 36735081     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   UT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000101 36735084     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000101 36735085     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000101 36735086     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000102 36735092     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000102 36735093     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000102 36735094     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000103 36735099     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000103 36735100     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000103 36735101     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000104 36735103     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   IL Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000104 36735104     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IL Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000104 36735105     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   IL Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000105 36735108     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   ID Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000105 36735109     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   ID Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000105 36735110     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, no change to grading.
    04/30/2026 No 2 A A A A A A   B B B   ID Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000106 36735112     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/24/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000106 36735113     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided [redacted] and/or [redacted] provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000107 36735115     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000107 36735116     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000108 36735119     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   MN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000108 36735120     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000108 36735121     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, no change to grading.
    04/09/2026 No 2 A A A A A A   B B B   MN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000109 36735125     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000109 36735126     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or [redacted] provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000110 36735127     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   GA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000110 36735128     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   GA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000110 36735129     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, no change to grading.
    04/09/2026 No 2 A A A A A A   B B B   GA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000110 36735131     Credit Credit Miscellaneous Guideline Credit Exception:   The AVM HOA Indicator reflects the property is subject to HOA dues and none were utilized in qualifying.  Please provide documentation to verify HOA dues for this property are not applicable.       Reviewer Comment (2026-04-29): Received documentation the property is not subject to HOA dues.  Exception cleared.


Buyer Comment (2026-04-28): Please see attached, property report confirming the property is [redacted] with no HOA dues on this property. The AVM will mark the HOA field "[redacted]" in situations where there is a non-mandatory HOA.
04/29/2026     No 1 C A C A C A C A C A   GA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000111 36735132     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, no change to grading.
    04/09/2026 No 2 A A A A A A   B B B   ID Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000111 36735133     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   ID Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000111 36735134     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   ID Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000112 36735136     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   AZ Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000112 36735137     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AZ Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000112 36735138     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, no change to grading.
    04/30/2026 No 2 A A A A A A   B B B   AZ Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000113 36735146     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000113 36735149     Compliance Compliance State Compliance State HPML [redacted]  Home Loan Threshold Fixed Compliant [redacted] Subprime Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [redacted]%.  Compliant SubPrime Loan.         Reviewer Comment (2026-04-10): Loan satisfies all [redacted] Subprime conditions, and the loan is a Compliant [redacted] Subprime Loan.
    04/27/2026 No 2 B B B B B B B B B B   NY Primary Refinance - Cash-out - Other No obvious cure.  Cure provision under NY Subprime 6-m(7) appears to be limited to making a non-compliant NY Subprime loan into a compliant NY subprime loan with no explicit cure language permitting loan to be refunded or cured by reducing the APR to effectively bring the loan out of NY Subprime status. B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000113 36735150     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000114 36735151     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000114 36735152     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000114 36735153     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, no change to grading.
    04/30/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000114 36735155     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.         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 B B B B B B B B B B   CA 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 B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000115 36735156     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   ME Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000115 36735157     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: 325 Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   ME Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000116 36735161     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   OK Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000116 36735163     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.         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 B B B B B B B B B B   OK 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 B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000116 36735164     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   OK Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000117 36735167     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   MD Second Home Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000117 36735168     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MD Second Home Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000118 36735172     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   MO Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000118 36735173     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MO Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000118 36735174     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   MO Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000119 36735175     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000119 36735176     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000119 36735177     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000120 36735180     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000120 36735182     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-27): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/27/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000121 36735183     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000121 36735184     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000121 36735185     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000122 36735188     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to three ([redacted] business days from transaction date of [redacted]. Loan was disbursed prior to midnight of the third business day after consummation. Lender to re-open rescission, provide the new Right to Cancel form, a copy of the letter of explanation sent to the borrower, and proof of delivery. Note: This exception cannot be cured until the new rescission period ends.       Reviewer Comment (2026-05-13): LOE, proof of delivery ([redacted]), and new RTC provided. New rescission period has passed, exception cured.


Buyer Comment (2026-05-12): Please see attached, re-opened ROR as requested.
  05/13/2026   No 2 C B C B C B C B C B   CO 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 C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000122 36735189     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.         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 B B B B B B B B B B   CO 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 C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000122 36735190     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date Truth in Lending Act:  Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). RTC disclosed incorrect transaction and expiration dates. Lender to re-open rescission, provide a copy of the new right to cancel form, the letter of explanation sent to borrower, and proof of delivery. Note: This exception cannot be cured until expiration of new rescission period.       Reviewer Comment (2026-05-13): LOE, proof of delivery ([redacted]), and new RTC provided. New rescission period has passed, exception cured.


Buyer Comment (2026-05-12): Please see attached, re-opened ROR as requested.
  05/13/2026   No 2 C B C B C B C B C B   CO 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 C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000122 36735191     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CO Primary Refinance - Cash-out - Other   C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000122 36735192     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CO Primary Refinance - Cash-out - Other   C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000122 36735193     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CO Primary Refinance - Cash-out - Other   C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000123 36735194     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000123 36735196     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NY Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000124 36735197     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MD Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000124 36735198     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]%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2026-05-18): Client provided screenshot of LOS system confirming the Early Disclosure package was sent to borrower timely, exception cleared.


Buyer Comment (2026-05-14): Please see attached, the appraisal language is part of the early disclosure packet. I have uploaded the packet as well as confirmation of the delivery date.
05/18/2026     No 1 C A C A C A C A C A   MD Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000124 36735200     Compliance Compliance State Compliance State HPML (State HPML Disclosure) Maryland 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.         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 B B B B B B B B B B   MD Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000124 36735201     Compliance Compliance State Compliance State HPML [redacted] 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]%.  Non-Compliant Higher Priced Loan.         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 B B B B B B B B B B   MD Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000124 36735202     Compliance Compliance Federal Compliance TRID TIL HPML Appraisal Disclosure - HPML Timing HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] days of the loan application date. The file is missing evidence that the Right to Receive Appraisal Disclosure was provided within [redacted] days of the application. Please provide for review.       Reviewer Comment (2026-05-18): Client provided screenshot of LOS system confirming the Early Disclosure package was sent to borrower timely, exception cleared.


Buyer Comment (2026-05-14): Please see attached, the appraisal language is part of the early disclosure packet. I have uploaded the packet as well as confirmation of the delivery date.
05/18/2026     No 1 C A C A C A C A C A   MD Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000124 36735203     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-04): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/04/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MD Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000125 36735205     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   SC Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000125 36735206     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-04): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/04/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   SC Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000125 36735208     Compliance Compliance State Compliance State Defect South Carolina Home Loan (Acknowledgement of Receipt of Complaint Agency Disclosure Not Signed by All Borrowers) [redacted]  Home Loan:  Receipt of [redacted] Complaint Agency Disclosure specifying the agency designated to receive complaints or inquiries about the origination and making of the loan acknowledged by one borrower, but not all borrowers on the transaction.         Buyer Comment (2026-05-05): Seller acknowledges exception, no change to grading.
    05/05/2026 No 2 B B B B B B B B B B   SC Primary Refinance - Cash-out - Other "Within forty-five days of the loan closing and before the institution of an action pursuant to this article, the lender notifies the borrower of the compliance failure, makes appropriate restitution, and makes necessary adjustments to the loan to make the consumer home loan satisfy the requirements of Section 37-23-70, 37-23-75, or 37-23-80

Provide copy of LOE to borrower notifying consumer of error, provide copy of disclosure signed by all consumers, and proof of mailing within 45 days of consummation."
B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000125 36735209     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 A A A A A A   B B B   SC Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000126 36735210     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000126 36735211     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-04): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/04/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000126 36735212     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000127 36735216     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. Loan designation failure due to ATR failure. This exception will be cleared when all ATR-related exceptions are cleared.       Reviewer Comment (2026-05-05): Received VVOE Work Number document. Exception Cleared.


Buyer Comment (2026-05-05): Please see the attached VOE.
05/05/2026     No 1 B A C A B A C A B A   MA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000127 36735218     Compliance Compliance State Compliance State HPML [redacted] HPML Threshold Test 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]%  Compliant Higher Priced Loan.         Reviewer Comment (2026-05-04): Loan satisfies all [redacted] [redacted] conditions, and the loan is a compliant [redacted] [redacted] loan.
    05/04/2026 No 2 B B B B B B B B B B   MA Primary Refinance - Cash-out - Other No obvious cure C B C A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000127 36735219     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - W-2 Ability to Repay (Dodd-Frank 2014): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. The file is missing the verbal verification of employment obtained within [redacted] business days of closing.       Reviewer Comment (2026-05-05): Received VVOE Work Number document. Exception Cleared.


Buyer Comment (2026-05-05): Please see the attached VOE.
05/05/2026     No 1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000127 36735220     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. ATR failure due to missing verification of employment. This exception will be cleared when all ATR-related exceptions are cleared.       Reviewer Comment (2026-05-08): Client provided verification of employment dated within [redacted] business days of note date, exception cleared.
05/08/2026     No 1 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000127 36735221     Compliance Compliance State Compliance Misc. State Level Massachusetts Mortgage Lender and Broker Regulation (Ability to Repay not Verified) [redacted] Mortgage Lender and Broker Regulation:  File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully indexed rate and fully amortizing payment, if applicable VVOE or letter from employer.       Reviewer Comment (2026-05-05): Received VVOE Work Number document. Exception Cleared.


Buyer Comment (2026-05-05): Please see the attached VOE.
05/05/2026     No 1 B A B A B A B A B A   MA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000127 36735222     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000127 36735223     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided [redacted] and/or [redacted] provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-04): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/04/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000127 36735224     Credit Income / Employment Income Documentation Income / Employment The verification of employment is required and was not found in file. -         Reviewer Comment (2026-05-05): Received VVOE work number. Exception Cleared. Please ignore comments mentioned on [redacted] [redacted]  PM.


Reviewer Comment (2026-05-05): The verification of employment is required and was not found in file


Buyer Comment (2026-05-05): Please see the attached VOE.
05/05/2026     No 1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000127 36735225     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within [redacted] business days of the Note. -         Reviewer Comment (2026-05-05): Received VVOE work number. Exception Cleared. Please ignore comments mentioned on [redacted]  [redacted] PM.


Reviewer Comment (2026-05-05): Verification(s) of employment is not within [redacted] business days of the Note.


Buyer Comment (2026-05-05): Please see the VOE provided.
05/05/2026     No 1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000127 36735226     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 risk due to missing verification of employment. This exception will be cleared when all ATR-related exceptions are cleared.       Reviewer Comment (2026-05-05): Received VVOE Work Number document. Exception Cleared.


Buyer Comment (2026-05-05): Please see the attached VOE.
05/05/2026     No 1 C A C A C A C A C A   MA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000127 36735227     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 when all ATR related exceptions are cleared.       Reviewer Comment (2026-05-08): Client provided verification of employment dated within [redacted] business days of note date, exception cleared.


Buyer Comment (2026-05-06): Please clear this as all other exceptions are cleared.
05/08/2026     No 1   A   A   A   A   A   MA 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
[Redacted] [Redacted] [Redacted] GCAT2026CES1000128 36735229     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   WI Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000128 36735231     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: 122 Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   WI Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000129 36735232     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   VT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000129 36735234     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   VT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000130 36735236     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000130 36735237     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000130 36735238     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   LA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000131 36735241     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000131 36735242     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NY Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000131 36735244     Credit Credit Miscellaneous Guideline Credit Exception:   The business entity internet search was not timestamped for the borrower's self employment.  Please provide evidence of the date the verification was obtained.       Reviewer Comment (2026-05-04): Received evidence of the date the verification was obtained.  Exception cleared.


Buyer Comment (2026-05-04): Please see attached, internal timestamp of business license confirming it was obtained within the required timeframe.
05/04/2026     No 1 C A C A C A C A C A   NY Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000132 36735245     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000132 36735247     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000133 36735250     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   KY Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000133 36735251     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   KY Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000134 36735252     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000134 36735253     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000134 36735254     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000135 36735257     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   MI Primary Refinance - Cash-out - Other   B A B A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000135 36735258     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MI Primary Refinance - Cash-out - Other   B A B A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000135 36735259     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   MI Primary Refinance - Cash-out - Other   B A B A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000135 36735261     Credit Property - Appraisal Property Eligibility - Site and Utilities Property - Appraisal [redacted] County Water Contamination: Property is located in [redacted] County, MI and could be subject to contaminated water. Files does not contain evidence that water supply is serviced by a non-municipal water source (well water supply), or evidence from an independent water quality analysis that confirms that water is free of all known environmental and safety hazards           Reviewer Comment (2026-04-30): Client provided [redacted] page of appraisal from prior transaction that confirms the property uses well water, exception cleared.


Buyer Comment (2026-04-28): Please see the attached page [redacted] of previously obtained appraisal confirming the subject uses a well water supply.
04/30/2026     No 1 B A B A B A B A B A   MI Primary Refinance - Cash-out - Other   B A B A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000136 36735262     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   IL Primary Refinance - Cash-out - Other   C A A A C A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000136 36735263     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IL Primary Refinance - Cash-out - Other   C A A A C A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000136 36735264     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   IL Primary Refinance - Cash-out - Other   C A A A C A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000136 36735266     Compliance Compliance State Compliance State Defect [redacted] [redacted] Predatory Lending Database Program ([redacted] [redacted]) - Certificate of Compliance or Exemption not attached to mortgage for recording.         Reviewer Comment (2026-04-29): Received [redacted] Cert of Compliance.  Exception cleared.


Buyer Comment (2026-04-28): Please see attached
04/29/2026     No 1 C A C A C A C A C A   IL Primary Refinance - Cash-out - Other   C A A A C A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000137 36735267     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000137 36735269     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000138 36735270     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   NJ Primary Refinance - Cash-out - Other   C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000138 36735271     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NJ Primary Refinance - Cash-out - Other   C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000138 36735272     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   NJ Primary Refinance - Cash-out - Other   C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000138 36735274     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 (Third Circuit) 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.         Reviewer Comment (2026-05-08): LOE, proof of delivery ([redacted]), and new RTC provided. New rescission period has passed, exception cured.


Buyer Comment (2026-05-06): Please see the attached [redacted] forms, loe to borrower and proof of delivery.
  05/08/2026   No 2 C B C B C B C B C B   NJ 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 C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000139 36735275     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   MO Primary Refinance - Cash-out - Other   C B C A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000139 36735276     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   MO Primary Refinance - Cash-out - Other   C B C A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000139 36735279     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - he AVM indicates the subject is subject to HOA dues and none were utilized in qualifying.   No PUD Rider was attached to the mortgage and documentation was not found to evidence HOA dues are not applicable.  Please provide supporting documentation for review.       Reviewer Comment (2026-05-05): Provided HOA verification document showing no HOA Dues for subject property. Exception Cleared.


Buyer Comment (2026-05-04): Please see HOA verification attached
05/05/2026     No 1 C A C A C A C A C A   MO Primary Refinance - Cash-out - Other   C B C A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000139 36735280     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MO Primary Refinance - Cash-out - Other   C B C A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000139 36735281     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.         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 B B B B B B B B B B   MO 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 C B C A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000140 36735282     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000140 36735284     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000141 36735286     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   UT Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000141 36735290     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.         Reviewer Comment (2026-04-27): Seller acknowledges exception, no change to grading.
    04/27/2026 No 2 B B B B B B B B B B   UT 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 B B A A B B A A Non QM Non QM Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000141 36735291     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.             06/02/2026 No 1   N/A   A   N/A       N/A   UT Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000142 36735292     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   MO Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000142 36735295     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MO Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000143 36735296     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   NC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000143 36735297     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000143 36735298     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000144 36735301     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   AZ Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000144 36735302     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AZ Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000144 36735303     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   AZ Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000145 36735305     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   NV Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000145 36735306     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NV Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000145 36735307     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   NV Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000146 36735310     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000146 36735311     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000147 36735312     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   ID Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000147 36735313     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   ID Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000147 36735314     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   ID Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000148 36735316     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CO Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000148 36735317     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CO Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000148 36735318     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CO Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000149 36735321     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   ME Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000149 36735323     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   ME Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000150 36735324     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   NV Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000150 36735327     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NV Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000151 36735329     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000151 36735330     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000151 36735331     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000152 36735333     Compliance Compliance State Compliance Misc. State Level (TX50(a)(6)) Texas Cash-out Loan (The lender/Assignee cannot conclusively rely on the Value on the Acknowledgement of Fair Market Value as the loan file does not contain an Appraisal) [redacted] Constitution Section [redacted]: The lender/Assignee cannot conclusively rely on the Value on Acknowledgement of Fair Market Value.  Test performed using stated value or other valuation method in file other than appraisal.               05/04/2026 No 2 A A A A A A A A A A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000152 36735334     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000152 36735335     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000152 36735336     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000153 36735337     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000153 36735338     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000153 36735339     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   MO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000154 36735343     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000154 36735344     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000155 36735345     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000155 36735347     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000156 36735348     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   SC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000156 36735349     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000156 36735350     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000157 36735355     Compliance Legal / Regulatory / Compliance Anti-Predatory Violation Federal Defect (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees.         Reviewer Comment (2026-05-14): Client provided appraisal invoice that breaks out the third-party appraisal fee from the [redacted] lender affiliate fee of $[redacted]and the post-closing CD showing the borrower was not charged for the $[redacted] inspection fee. The fees have been separated as disclosed on the CDs and appraisal invoices, exception cleared.


Reviewer Comment (2026-05-07): This loan has several exceptions due to the APR fees. The Appraisal management fee ([redacted] fee) is usually separated from the appraisal fee due to being an APR fee because it's paid to the lender affiliate. Since we initially did not have the appraisal invoice, the full appraisal amount was entered as paid to the lender's affiliate instead of just the [redacted] fee. The appraisal invoice that matches the amount paid on the final CD with the [redacted] breakdown is required to accurately allocate the fees. Once we have the inspection invoice for $[redacted] , we can review the APR testing.


Reviewer Comment (2026-05-06): The appraisal invoice provided discloses a total appraisal fee of $[redacted]. The final CD discloses the appraisal amount of $[redacted] paid by the borrower and $[redacted]paid by the lender. Please provide the updated invoice with the appraiser and management fee breakdown that supports the total paid on the final CD. Exception remains for additional information.


Buyer Comment (2026-05-05): Please see attached, appraisal invoice confirms the amount which should be included in the test is $[redacted]
05/14/2026     No 1 C A C A C A C A C A   WI Primary Refinance - Cash-out - Other   C A A A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000157 36735356     Compliance Compliance Federal Compliance Federal Defect (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees of $[redacted]on a Federal Total Loan Amount of $[redacted]vs. an allowable total of $[redacted](an overage of $[redacted]or [redacted]%).  Non-Compliant High Cost Loan.         Reviewer Comment (2026-05-14): Client provided appraisal invoice that breaks out the third-party appraisal fee from the [redacted] lender affiliate fee of $[redacted]and the post-closing CD showing the borrower was not charged for the $[redacted] inspection fee. The fees have been separated as disclosed on the CDs and appraisal invoices, exception cleared.


Buyer Comment (2026-05-12): Please see attached, The $[redacted] fee has been removed. This is shown on the CD by lowering the total Lender credit by the same amount. We have provided the borrower the PCCD, an LOE and a $[redacted] check.


Buyer Comment (2026-05-12): Please see attached, The $[redacted]fee has been removed. This is shown on the CD by lowering the total Lender credit by the same amount. We have provided the borrower the PCCD, an LOE and a $[redacted]check.


Reviewer Comment (2026-05-07): This loan has several exceptions due to the APR fees. The Appraisal management fee ([redacted] fee) is usually separated from the appraisal fee due to being an APR fee because it's paid to the lender affiliate. Since we initially did not have the appraisal invoice, the full appraisal amount was entered as paid to the lender's affiliate instead of just the [redacted] fee. The appraisal invoice that matches the amount paid on the final CD with the [redacted] breakdown is required to accurately allocate the fees. Once we have the inspection invoice for $[redacted], we can review the APR testing.


Reviewer Comment (2026-05-06): The appraisal invoice provided discloses a total appraisal fee of $[redacted]. The final CD discloses the appraisal amount of $[redacted] paid by the borrower and $[redacted]paid by the lender. Please provide the updated invoice with the appraiser and management fee breakdown that supports the total paid on the final CD. Exception remains for additional information.


Buyer Comment (2026-05-05): Please see attached, appraisal invoice confirms the amount which should be included in the test is $[redacted]
05/14/2026     No 1 C A C A C A C A C A   WI Primary Refinance - Cash-out - Other (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. C A A A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000157 36735357     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Higher Priced QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. Loan designation failure due to QM failure. This exception will be cleared when all QM related exceptions are cleared.       Reviewer Comment (2026-05-14): Client provided appraisal invoice that breaks out the third-party appraisal fee from the [redacted] lender affiliate fee of $[redacted] and the post-closing CD showing the borrower was not charged for the $[redacted] inspection fee. The fees have been separated as disclosed on the CDs and appraisal invoices, exception cleared.


Buyer Comment (2026-05-12): Please see attached, The $[redacted] fee has been removed. This is shown on the CD by lowering the total Lender credit by the same amount. We have provided the borrower the PCCD, an LOE and a $[redacted] check.


Reviewer Comment (2026-05-06): The appraisal invoice provided discloses a total appraisal fee of $[redacted] . The final CD discloses the appraisal amount of $[redacted] paid by the borrower and $[redacted] paid by the lender. Please provide the updated invoice with the appraiser and management fee breakdown that supports the total paid on the final CD. Exception remains for additional information.


Buyer Comment (2026-05-05): Please see attached, appraisal invoice confirms the amount which should be included in the test is $[redacted]
05/14/2026     No 1 B A C A B A C A B A   WI Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C A A A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000157 36735358     Compliance Compliance Federal Compliance ATR/QM Defect QM Points and Fees [redacted] Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [redacted]% is in excess of the 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 allowable total of $[redacted](an overage of $[redacted]or [redacted]%). The QM points and fees are excessive due to the APR fees. Please provide the complete appraisal invoice that discloses the breakdown of fees paid to the appraiser and management company.       Reviewer Comment (2026-05-14): Client provided appraisal invoice that breaks out the third-party appraisal fee from the [redacted] lender affiliate fee of $[redacted] and the post-closing CD showing the borrower was not charged for the $[redacted] inspection fee. The fees have been separated as disclosed on the CDs and appraisal invoices, exception cleared.


Buyer Comment (2026-05-12): Please see attached, The $[redacted] fee has been removed. This is shown on the CD by lowering the total Lender credit by the same amount. We have provided the borrower the PCCD, an LOE and a $[redacted] check.


Reviewer Comment (2026-05-07): This loan has several exceptions due to the APR fees. The Appraisal management fee ([redacted] fee) is usually separated from the appraisal fee due to being an APR fee because it's paid to the lender affiliate. Since we initially did not have the appraisal invoice, the full appraisal amount was entered as paid to the lender's affiliate instead of just the [redacted] fee. The appraisal invoice that matches the amount paid on the final CD with the AMC breakdown is required to accurately allocate the fees. Once we have the inspection invoice for $[redacted] , we can review the APR testing.


Reviewer Comment (2026-05-06): The appraisal invoice provided discloses a total appraisal fee of $[redacted] . The final CD discloses the appraisal amount of $[redacted] paid by the borrower and $[redacted]  paid by the lender. Please provide the updated invoice with the appraiser and management fee breakdown that supports the total paid on the final CD. Exception remains for additional information.


Buyer Comment (2026-05-05): Please see attached, appraisal invoice confirms the amount which should be included in the test is $[redacted]
05/14/2026     No 1 C A C A C A C A C A   WI Primary Refinance - Cash-out - Other   C A A A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000157 36735359     Compliance Compliance State Compliance State Defect (State High Cost Disclosure) Wisconsin Covered Loan (Consumer Caution Notice Not Provided) [redacted]Covered Loan: Borrower not provided with Consumer Caution Notice.         Reviewer Comment (2026-05-14): Client provided appraisal invoice that breaks out the third-party appraisal fee from the AMC lender affiliate fee of $[redacted]and the post-closing CD showing the borrower was not charged for the $[redacted] inspection fee. The fees have been separated as disclosed on the CDs and appraisal invoices, exception cleared.


Buyer Comment (2026-05-12): Please see attached, The $[redacted] fee has been removed. This is shown on the CD by lowering the total Lender credit by the same amount. We have provided the borrower the PCCD, an LOE and a $[redacted] check.


Reviewer Comment (2026-05-07): This loan has several exceptions due to the APR fees. The Appraisal management fee ([redacted] fee) is usually separated from the appraisal fee due to being an APR fee because it's paid to the lender affiliate. Since we initially did not have the appraisal invoice, the full appraisal amount was entered as paid to the lender's affiliate instead of just the AMC fee. The appraisal invoice that matches the amount paid on the final CD with the AMC breakdown is required to accurately allocate the fees. Once we have the inspection invoice for $[redacted] , we can review the APR testing.


Reviewer Comment (2026-05-06): The appraisal invoice provided discloses a total appraisal fee of $[redacted] . The final CD discloses the appraisal amount of $[redacted] paid by the borrower and $[redacted] paid by the lender. Please provide the updated invoice with the appraiser and management fee breakdown that supports the total paid on the final CD. Exception remains for additional information.


Buyer Comment (2026-05-05): Please see attached, appraisal invoice confirms the amount which should be included in the test is $[redacted]
05/14/2026     No 1 C A C A C A C A C A   WI Primary Refinance - Cash-out - Other See any available cure under Wisconsin Covered Loan threshold exception. C A A A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000157 36735360     Compliance Compliance State Compliance State Defect (State High Cost) Wisconsin Covered Loan (Points and Fees) [redacted]Responsible High-Cost Mortgage Lending Act: Points and Fees on subject loan of [redacted]% is in excess of the 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 allowable total of $[redacted](an overage of $[redacted]or [redacted]%).  Non-Compliant High Cost Loan.         Reviewer Comment (2026-05-14): Client provided appraisal invoice that breaks out the third-party appraisal fee from the AMC lender affiliate fee of $[redacted] and the post-closing CD showing the borrower was not charged for the $[redacted] inspection fee. The fees have been separated as disclosed on the CDs and appraisal invoices, exception cleared.


Buyer Comment (2026-05-12): Please see attached, The $[redacted] fee has been removed. This is shown on the CD by lowering the total Lender credit by the same amount. We have provided the borrower the PCCD, an LOE and a $[redacted] check.


Reviewer Comment (2026-05-07): This loan has several exceptions due to the APR fees. The Appraisal management fee ([redacted] fee) is usually separated from the appraisal fee due to being an APR fee because it's paid to the lender affiliate. Since we initially did not have the appraisal invoice, the full appraisal amount was entered as paid to the lender's affiliate instead of just the [redacted] fee. The appraisal invoice that matches the amount paid on the final CD with the [redacted] breakdown is required to accurately allocate the fees. Once we have the inspection invoice for $[redacted] , we can review the APR testing.


Reviewer Comment (2026-05-06): The appraisal invoice provided discloses a total appraisal fee of $[redacted] . The final CD discloses the appraisal amount of $[redacted] paid by the borrower and $[redacted] paid by the lender. Please provide the updated invoice with the appraiser and management fee breakdown that supports the total paid on the final CD. Exception remains for additional information.


Buyer Comment (2026-05-05): Please see attached, appraisal invoice confirms the amount which should be included in the test is $[redacted]
05/14/2026     No 1 C A C A C A C A C A   WI Primary Refinance - Cash-out - Other Within 60 days of discovery, and before any investigation or other enforcement action by the WI Dept of Financial Institutions, provide: (1) Lender Attestation to AMC stating (i) lender acted in good faith while committing the violation; and (ii) there has been no prior investigation or other enforcement action by the WI Dept of Financial Institutions regarding the failure; (2) refund of amount over the covered loan threshold maximum; and (3) proof of delivery. C A A A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000157 36735361     Compliance Legal / Regulatory / Compliance Anti-Predatory Violation Federal Defect (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) Truth in Lending Act (HOEPA):  HOEPA disclosure was not provided to the Borrower         Reviewer Comment (2026-05-14): Client provided appraisal invoice that breaks out the third-party appraisal fee from the AMC lender affiliate fee of $[redacted] and the post-closing CD showing the borrower was not charged for the $[redacted] inspection fee. The fees have been separated as disclosed on the CDs and appraisal invoices, exception cleared.


Buyer Comment (2026-05-12): Please see attached, The $[redacted] fee has been removed. This is shown on the CD by lowering the total Lender credit by the same amount. We have provided the borrower the PCCD, an LOE and a $[redacted] check.


Reviewer Comment (2026-05-07): This loan has several exceptions due to the APR fees. The Appraisal management fee ([redacted] fee) is usually separated from the appraisal fee due to being an APR fee because it's paid to the lender affiliate. Since we initially did not have the appraisal invoice, the full appraisal amount was entered as paid to the lender's affiliate instead of just the AMC fee. The appraisal invoice that matches the amount paid on the final CD with the [redacted] breakdown is required to accurately allocate the fees. Once we have the inspection invoice for $[redacted] , we can review the APR testing.


Reviewer Comment (2026-05-06): The appraisal invoice provided discloses a total appraisal fee of $[redacted] . The final CD discloses the appraisal amount of $[redacted] paid by the borrower and $[redacted] paid by the lender. Please provide the updated invoice with the appraiser and management fee breakdown that supports the total paid on the final CD. Exception remains for additional information.


Buyer Comment (2026-05-05): Please see attached, appraisal invoice confirms the amount which should be included in the test is $[redacted]
05/14/2026     No 1 C A C A C A C A C A   WI Primary Refinance - Cash-out - Other   C A A A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000157 36735362     Compliance Legal / Regulatory / Compliance Anti-Predatory Violation Federal Defect (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of [redacted]% of the amount past due or grace period of less than [redacted]days.         Reviewer Comment (2026-05-14): Client provided appraisal invoice that breaks out the third-party appraisal fee from the [redacted] lender affiliate fee of $[redacted]and the post-closing CD showing the borrower was not charged for the $[redacted]inspection fee. The fees have been separated as disclosed on the CDs and appraisal invoices, exception cleared.


Buyer Comment (2026-05-12): Please see attached, The $[redacted] fee has been removed. This is shown on the CD by lowering the total Lender credit by the same amount. We have provided the borrower the PCCD, an LOE and a $[redacted] check.


Reviewer Comment (2026-05-07): This loan has several exceptions due to the APR fees. The Appraisal management fee ([redacted] fee) is usually separated [redacted]the appraisal fee due to being an APR fee because it's paid to the lender affiliate. Since we initially did not have the appraisal invoice, the full appraisal amount was entered as paid to the lender's affiliate instead of just the [redacted] fee. The appraisal invoice that matches the amount paid on the final CD with the [redacted] breakdown is required to accurately allocate the fees. Once we have the inspection invoice for $[redacted] , we can review the APR testing.


Reviewer Comment (2026-05-06): The appraisal invoice provided discloses a total appraisal fee of $[redacted] . The final CD discloses the appraisal amount of $[redacted] paid by the borrower and $[redacted] paid by the lender. Please provide the updated invoice with the appraiser and management fee breakdown that supports the total paid on the final CD. Exception remains for additional information.


Buyer Comment (2026-05-05): Please see attached, appraisal invoice confirms the amount which should be included in the test is $[redacted]
05/14/2026     No 1 C A C A C A C A C A   WI Primary Refinance - Cash-out - Other   C A A A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000157 36735363     Compliance Legal / Regulatory / Compliance Anti-Predatory Violation Federal Defect (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling.         Reviewer Comment (2026-05-14): Client provided appraisal invoice that breaks out the third-party appraisal fee from the [redacted] lender affiliate fee of $[redacted] and the post-closing CD showing the borrower was not charged for the $[redacted] inspection fee. The fees have been separated as disclosed on the CDs and appraisal invoices, exception cleared.


Buyer Comment (2026-05-12): Please see attached, The $[redacted] fee has been removed. This is shown on the CD by lowering the total Lender credit by the same amount. We have provided the borrower the PCCD, an LOE and a $[redacted]check.


Reviewer Comment (2026-05-07): This loan has several exceptions due to the APR fees. The Appraisal management fee ([redacted] fee) is usually separated from the appraisal fee due to being an APR fee because it's paid to the lender affiliate. Since we initially did not have the appraisal invoice, the full appraisal amount was entered as paid to the lender's affiliate instead of just the AMC fee. The appraisal invoice that matches the amount paid on the final CD with the [redacted] breakdown is required to accurately allocate the fees. Once we have the inspection invoice for $[redacted] , we can review the APR testing.


Reviewer Comment (2026-05-06): The appraisal invoice provided discloses a total appraisal fee of $[redacted] . The final CD discloses the appraisal amount of $[redacted] paid by the borrower and $[redacted] paid by the lender. Please provide the updated invoice with the appraiser and management fee breakdown that supports the total paid on the final CD. Exception remains for additional information.


Buyer Comment (2026-05-05): Please see attached, appraisal invoice confirms the amount which should be included in the test is $[redacted]
05/14/2026     No 1 C A C A C A C A C A   WI Primary Refinance - Cash-out - Other   C A A A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000157 36735364     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   WI Primary Refinance - Cash-out - Other   C A A A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000158 36735365     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   MD Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000158 36735368     Compliance Compliance State Compliance State HPML (State HPML Disclosure) Maryland 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.         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 B B B B B B B B B B   MD Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000158 36735369     Compliance Compliance State Compliance State HPML [redacted] 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]%.  Non-Compliant Higher Priced Loan.         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 B B B B B B B B B B   MD Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000158 36735370     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MD Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000159 36735371     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   NH Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000159 36735372     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NH Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000159 36735373     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   NH Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000160 36735377     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000160 36735379     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000161 36735381     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000161 36735382     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000161 36735383     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000162 36735384     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   NE Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000162 36735387     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: 325 Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NE Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000163 36735388     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000163 36735389     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000163 36735390     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000164 36735392     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000164 36735393     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000164 36735394     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000165 36735397     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   WA Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000165 36735398     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   WA Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000165 36735399     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   WA Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000165 36735401     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.         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 B B B B B B B B B B   WA 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 B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000166 36735403     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000166 36735404     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000166 36735405     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000167 36735408     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   TX Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000167 36735409     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TX Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000167 36735410     Credit Credit Miscellaneous Guideline Credit Exception:   The verbal verification of employment provided does not disclose the source used to obtain the employer's phone number. Please provide for review.       Reviewer Comment (2026-05-06): Client provided screenshot of LOS system confirming employer's phone number and source used to verify the number, exception cleared.


Buyer Comment (2026-05-04): Please see attached confirmation of the source of the phone number for the VOE.
05/06/2026     No 1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000168 36735412     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000168 36735413     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000168 36735414     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000169 36735415     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000169 36735418     Compliance Compliance State Compliance State HPML (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) [redacted]Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. Counseling disclosure was provided on [redacted].       Reviewer Comment (2026-05-01): Disclosure provided at the time the loan's APR became [redacted] Subprime.
05/01/2026     No 1 B A B A B A B A B A   NY Primary Refinance - Cash-out - Other No obvious cure B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000169 36735419     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___               05/04/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000169 36735420     Compliance Compliance State Compliance State HPML [redacted] Subprime Home Loan Threshold Fixed Compliant [redacted] Subprime Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [redacted]%.  Compliant SubPrime Loan.         Reviewer Comment (2026-05-01): Loan satisfies all [redacted] Subprime conditions, and the loan is a Compliant [redacted] Subprime Loan.
    05/04/2026 No 2 B B B B B B B B B B   NY Primary Refinance - Cash-out - Other No obvious cure.  Cure provision under NY Subprime 6-m(7) appears to be limited to making a non-compliant NY Subprime loan into a compliant NY subprime loan with no explicit cure language permitting loan to be refunded or cured by reducing the APR to effectively bring the loan out of NY Subprime status. B B A A B B A A Non QM Non QM Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000170 36735421     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   CO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000170 36735422     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000170 36735423     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   CO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000171 36735425     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000171 36735426     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000171 36735427     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000172 36735429     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000172 36735432     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000173 36735434     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000173 36735435     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000173 36735436     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000173 36735437     Credit Credit Miscellaneous Guideline Credit Exception:   The file is missing the most recent year's W2. The [redacted]W2 provided was blank. Please provide the [redacted]W2 or equivalent documentation for review.       Reviewer Comment (2026-05-06): Client provided a copy of the borrower's [redacted] W2, exception cleared.


Buyer Comment (2026-05-05): Please see attached
05/06/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000174 36735438     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000174 36735439     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000174 36735440     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, no change to grading.
    04/09/2026 No 2 A A A A A A   B B B   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000175 36735446     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000175 36735447     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000175 36735448     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   NC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000176 36735449     Compliance Compliance State Compliance Compliance [redacted] has been discontinued effective [redacted].  Most recent available index value used for bona fide discount point testing.           Reviewer Comment (2026-04-09): Seller acknowledges exception, no change to grading.
    04/09/2026 No 2 B B B B B B B B B B   AR Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000176 36735450     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   AR Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000176 36735453     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AR Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000177 36735455     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   WA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000177 36735456     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   WA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000177 36735457     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, no change to grading.
    04/09/2026 No 2 A A A A A A   B B B   WA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000178 36735458     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   KS Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000178 36735459     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   KS Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000178 36735460     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, no change to grading.
    04/09/2026 No 2 A A A A A A   B B B   KS Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000179 36735463     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000179 36735465     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TX Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000180 36735468     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   MD Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000180 36735469     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MD Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000180 36735470     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, no change to grading.
    04/09/2026 No 2 A A A A A A   B B B   MD Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000181 36735471     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   NM Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000181 36735472     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-09): Seller acknowledges exception, no change to grading.
    04/09/2026 No 2 A A A A A A   B B B   NM Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000181 36735473     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file was missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-09): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/09/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NM Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000181 36735475     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.         Reviewer Comment (2026-04-27): Seller acknowledges exception, no change to grading.
    04/27/2026 No 2 B B B B B B B B B B   NM 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 B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000182 36735476     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/01/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000182 36735477     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000182 36735478     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   TN Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000182 36735480     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - ___ The HOA indicator on the AVM reflects yes and a PUD Rider was provided. Monthly HOA fees of $[redacted]were used to qualify; however, documentation was not provided. Please provide documentation for review.       Reviewer Comment (2026-05-05): [redacted]  or [redacted] documents provided by the lender does not contain the HOA section to verify $[redacted]dues.  Diligence viewed [redacted] online and confirmed HOA dues are not applicable for this property.   Exception cleared.


Buyer Comment (2026-05-05): The Property Details section of  documentation previously provided was fully extended to allow the viewer to verify the absence of dues. I've attached the same documentation, only the property details section is closed for contrast to the previous document as well as a second source of third party verification that no dues assessed on the property.


Reviewer Comment (2026-05-05): The HOA dues section is under the Property Details section.  This section was not opened to show this section on the property report provided to verify no HOA dues.  Exception remains.


Buyer Comment (2026-05-04): Please see the attached verification of the absence of hoa dues.
05/05/2026     No 1 C A C A C A C A C A   TN Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000183 36735481     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000183 36735482     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000183 36735483     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   LA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000184 36735487     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MN Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000184 36735490     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MN Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000185 36735491     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   KY Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000185 36735492     Credit Credit Miscellaneous Guideline Credit Exception:   The file was missing the borrower's [redacted]W2 documentation. Please provide for review.       Reviewer Comment (2026-05-05): Received borrower's [redacted] W-2.  Exception cleared.


Buyer Comment (2026-05-05): Please see attached B1 [redacted] W2.
05/05/2026     No 1 C A C A C A C A C A   KY Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000185 36735495     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   KY Primary Refinance - Cash-out - Other   C A C A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000186 36735496     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   NH Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000186 36735499     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NH Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000187 36735501     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000187 36735502     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted]   The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000187 36735503     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   NC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000188 36735506     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000188 36735507     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000188 36735508     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   MN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000189 36735511     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.         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 B B B B B B B B B B   ID 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 B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000189 36735512     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   ID Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000189 36735513     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   ID Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000190 36735514     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   DE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000190 36735515     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   DE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000190 36735516     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   DE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000191 36735520     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000191 36735523     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000192 36735524     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000192 36735525     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000192 36735526     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   SC Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000193 36735531     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   ME Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000193 36735532     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   ME Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000193 36735533     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   ME Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000194 36735536     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MD Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000194 36735537     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MD Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000194 36735538     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   MD Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000195 36735539     Compliance Compliance State Compliance Compliance [redacted] Day RNY has been discontinued effective [redacted].  Most recent available index value used for bona fide discount point testing.           Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 B B B B B B B B B B   AR Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000195 36735542     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   AR Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000195 36735543     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AR Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000195 36735544     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   AR Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000196 36735545     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000196 36735547     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000197 36735550     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000197 36735551     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   SC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000197 36735552     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   SC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000198 36735553     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000198 36735554     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000198 36735555     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000199 36735563     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   IL Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000199 36735564     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IL Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000200 36735565     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file was missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000200 36735566     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000200 36735567     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000201 36735569     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MD Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000201 36735572     Compliance Compliance State Compliance State HPML (State HPML Disclosure) Maryland 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.         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 B B B B B B B B B B   MD Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000201 36735573     Compliance Compliance State Compliance State HPML [redacted] 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]%.  Non-Compliant Higher Priced Loan.         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 B B B B B B B B B B   MD Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000201 36735574     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MD Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000202 36735576     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   IL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000202 36735577     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000202 36735578     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   IL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000203 36735580     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000203 36735581     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000203 36735582     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000204 36735586     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   KS Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000204 36735587     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   KS Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000205 36735588     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000205 36735589     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000205 36735590     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000206 36735592     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   DE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000206 36735593     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   DE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000206 36735594     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   DE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000207 36735597     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   AZ Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000207 36735598     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AZ Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000207 36735599     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   AZ Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000208 36735600     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   WA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000208 36735601     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   WA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000208 36735602     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   WA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000209 36735604     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   OR Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000209 36735605     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   OR Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000209 36735606     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   OR Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000210 36735608     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000210 36735610     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NY Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000211 36735612     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   OK Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000211 36735613     Compliance Compliance Federal Compliance TRID TIL HPML Appraisal Disclosure - HPML Timing HPML - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted]days of the loan application date. The file was missing evidence that the Right to Receive Appraisal Disclosure was provided within [redacted]days of the application. Please provide for review.       Reviewer Comment (2026-05-11): Client provided screenshot of LOS system confirming the Early Disclosure package was sent to borrower timely, exception cleared.


Buyer Comment (2026-05-08): Please see attached, the early disclosure packet with the appraisal language and confirmation of when it was delivered.
05/11/2026     No 1 C A C A C A C A C A   OK Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000211 36735614     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]%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2026-05-11): Client provided screenshot of LOS system confirming the Early Disclosure package was sent to borrower timely, exception cleared.


Buyer Comment (2026-05-08): Please see attached, the early disclosure packet with the appraisal language and confirmation of when it was delivered.


Reviewer Comment (2026-05-07): This exception is due to not having evidence of the Right to Receive Appraisal Disclosure within [redacted] days of the application.  This exception will be reviewed upon receipt of that documentation.  Exception remains.


Buyer Comment (2026-05-05): Please see uploaded document. The date of the last rate chage is [redacted]. The APR should be tested against [redacted]%
05/11/2026     No 1 C A C A C A C A C A   OK Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000211 36735616     Compliance Compliance State Compliance State HPML (State HPML) Oklahoma Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) [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]%.  Compliant Higher Priced Loan.         Reviewer Comment (2026-05-04): Loan satisfies all [redacted] HPML conditions, and the loan is a compliant [redacted] HPML loan.
    05/04/2026 No 2 B B B B B B B B B B   OK Primary Refinance - Cash-out - Other No obvious cure C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000211 36735617     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.         Reviewer Comment (2026-05-04): Seller acknowledges exception, no change to grading.
    05/04/2026 No 2 B B B B B B B B B B   OK 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 C B A A C B A A Non QM Non QM Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000211 36735618     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   OK Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000212 36735621     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000212 36735622     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000212 36735623     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000213 36735625     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000213 36735626     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000213 36735627     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-30): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/30/2026 No 2 A A A A A A   B B B   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000214 36735629     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000214 36735633     Compliance Compliance State Compliance State HPML [redacted] HPML Threshold Test 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]%  Compliant Higher Priced Loan.         Reviewer Comment (2026-05-04): Loan satisfies all [redacted] HPML conditions, and the loan is a compliant [redacted] HPML loan.
    05/04/2026 No 2 B B B B B B B B B B   MA Primary Refinance - Cash-out - Other No obvious cure B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000214 36735634     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MA Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000215 36735636     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   NE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000215 36735637     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000215 36735638     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   NE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000216 36735641     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000216 36735642     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000216 36735643     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000217 36735645     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CO Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000217 36735648     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CO Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000218 36735649     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000218 36735651     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CO Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000219 36735652     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   PA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000219 36735653     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000219 36735654     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000220 36735657     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000220 36735658     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000220 36735659     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   PA Primary Refinance - Cash-out - Other   C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000220 36735661     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 (Third Circuit) 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.         Reviewer Comment (2026-05-08): LOE, proof of delivery, and H-9 RTC provided. New rescission period has passed, exception cured.


Buyer Comment (2026-05-06): Please see the attached H9 forms, loe to borrower and proof of delivery.
  05/08/2026   No 2 C B C B C B C B C B   PA 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 C B A A C B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000221 36735663     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   IL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000221 36735664     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000221 36735665     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   IL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000222 36735668     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   UT Primary Refinance - Cash-out - Other   C B C A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000222 36735669     Credit Credit Miscellaneous Guideline Credit Exception:   The borrower's [redacted] in the file was blank. Please provide the most recent year W2 or equivalent documentation for review.       Reviewer Comment (2026-04-28): W-2 received for the year [redacted]. Exception cleared.


Buyer Comment (2026-04-28): Please see the W2 attached
04/28/2026     No 1 C A C A C A C A C A   UT Primary Refinance - Cash-out - Other   C B C A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000222 36735672     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.         Reviewer Comment (2026-04-27): Seller acknowledges exception, no change to grading.
    04/27/2026 No 2 B B B B B B B B B B   UT 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 C B C A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000222 36735673     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign agreement was not found in file.       Reviewer Comment (2026-04-28): E-sign agreement received. Exception cleared.


Buyer Comment (2026-04-28): Please see the esign audit log attached
04/28/2026     No 1 C A C A C A C A C A   UT Primary Refinance - Cash-out - Other   C B C A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000222 36735674     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   UT Primary Refinance - Cash-out - Other   C B C A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000223 36735677     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000223 36735678     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000223 36735679     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000224 36735685     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000224 36735686     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000225 36735690     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   ME Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000225 36735691     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   ME Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000225 36735692     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   ME Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000226 36735697     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   NH Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000226 36735698     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NH Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000226 36735699     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   NH Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000227 36735700     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   NM Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000227 36735701     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NM Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000227 36735702     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   NM Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000228 36735705     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   WA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000228 36735706     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   WA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000228 36735707     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   WA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000229 36735708     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000229 36735709     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000229 36735710     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   TN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000230 36735712     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   DE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000230 36735713     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   DE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000230 36735714     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   DE Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000231 36735716     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000231 36735717     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   LA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000232 36735724     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   OR Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000232 36735725     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   OR Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000232 36735726     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   OR Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000233 36735729     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   NV Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000233 36735730     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-10): Seller acknowledges exception, no change to grading.
    04/10/2026 No 2 A A A A A A   B B B   NV Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000233 36735731     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-10): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/10/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NV Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000234 36735736     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000234 36735737     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000235 36735738     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000235 36735741     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000236 36735742     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000236 36735743     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000236 36735744     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   MA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000237 36735747     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/04/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000237 36735748     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000237 36735749     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   PA Primary Refinance - Cash-out - Other   C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000237 36735752     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to [redacted] business days from transaction date of [redacted]. The Final CD was signed by the borrower's on [redacted] on this [redacted] closing.  Loan was disbursed prior to midnight of the third business day after consummation. Lender to re-open rescission, provide the new Right to Cancel form, a copy of the letter of explanation sent to the borrower, and proof of delivery. Note: This exception cannot be cured until the new rescission period ends.       Reviewer Comment (2026-05-13): Proof of borrower's receipt of letter of explanation along with re-opened rescission on correct RTC form has been provided to cure exception.


Buyer Comment (2026-05-12): Please see attached package mailed  to the borrower along with proof of delivery, recission period has ended as of [redacted] at midnight.
  05/13/2026   No 2 C B C B C B C B C B   PA 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 C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000237 36735753     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date Truth in Lending Act:  Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s).         Reviewer Comment (2026-05-13): Proof of borrower's receipt of letter of explanation along with re-opened rescission on correct RTC form has been provided to cure exception.


Buyer Comment (2026-05-12): Please see attached package mailed  to the borrower along with proof of delivery, recission period has ended as of [redacted] at midnight.
  05/13/2026   No 2 C B C B C B C B C B   PA 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 C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000238 36735754     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   IN Second Home Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000238 36735755     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IN Second Home Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000238 36735756     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   IN Second Home Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000239 36735758     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000239 36735761     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NY Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000240 36735762     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   NV Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000240 36735763     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NV Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000240 36735764     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   NV Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000241 36735767     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000241 36735768     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000241 36735769     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000242 36735773     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000242 36735774     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000242 36735775     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   GA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000243 36735778     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   NV Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000243 36735779     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NV Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000243 36735780     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   NV Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000243 36735782     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Documentation verifying the subject's HOA dues was not found in the file.  Please provide for review.       Reviewer Comment (2026-05-14): HOA document received. Exception cleared.


Buyer Comment (2026-05-14): Please see the attached HOA verification document.
05/14/2026     No 1 C A C A C A C A C A   NV Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000243 36735783     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. Loan designation failure due to QM failure. This exception will be cleared when all QM related exceptions are cleared.       Reviewer Comment (2026-05-20): HOA document received. Exception cleared.


Buyer Comment (2026-05-20): Please see the attached HOA governing docs showing HOA dues at $[redacted], zillow was incorrect.
05/20/2026     No 1   A   A   A   A   A   NV Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000243 36735784     Compliance Compliance Federal Compliance ATR/QM Defect General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines General QM: The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.)         Reviewer Comment (2026-05-20): HOA document received. Exception cleared.


Buyer Comment (2026-05-20): Please see the attached HOA governing docs showing HOA dues at $[redacted], zillow was incorrect.
05/20/2026     No 1   A   A   A   A   A   NV Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000243 36735785     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]%.       Reviewer Comment (2026-05-20): HOA document received. Exception cleared.


Buyer Comment (2026-05-20): Please see the attached HOA governing docs showing HOA dues at $[redacted], zillow was incorrect.
05/20/2026     No 1   A   A   A   A   A   NV Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000244 36735786     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   SD Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000244 36735787     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   SD Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000244 36735788     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   SD Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000244 36735790     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.         Reviewer Comment (2026-05-13): Seller acknowledges exception, no change to grading.
    05/13/2026 No 2 B B B B B B B B B B   SD 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 B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000245 36735791     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000245 36735792     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000246 36735796     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   SC Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000246 36735797     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   SC Primary Refinance - Cash-out - Other   B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000246 36735800     Compliance Compliance State Compliance State Defect South Carolina Home Loan (Acknowledgement of Receipt of Complaint Agency Disclosure Not Signed by All Borrowers) [redacted] Home Loan:  Receipt of [redacted] Complaint Agency Disclosure specifying the agency designated to receive complaints or inquiries about the origination and making of the loan acknowledged by one borrower, but not all borrowers on the transaction.         Buyer Comment (2026-05-14): Seller acknowledges exception, no change to grading.
    05/14/2026 No 2 B B B B B B B B B B   SC Primary Refinance - Cash-out - Other "Within forty-five days of the loan closing and before the institution of an action pursuant to this article, the lender notifies the borrower of the compliance failure, makes appropriate restitution, and makes necessary adjustments to the loan to make the consumer home loan satisfy the requirements of Section 37-23-70, 37-23-75, or 37-23-80

Provide copy of LOE to borrower notifying consumer of error, provide copy of disclosure signed by all consumers, and proof of mailing within 45 days of consummation."
B B A A B B A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000247 36735802     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000247 36735803     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000247 36735804     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000248 36735807     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000248 36735811     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000249 36735812     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000249 36735813     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000249 36735814     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   GA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000250 36735817     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000250 36735818     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000250 36735819     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000251 36735821     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   UT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000251 36735822     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   UT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000251 36735823     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   UT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000252 36735828     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000252 36735829     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000252 36735830     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   TN Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000253 36735833     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 (Third Circuit) 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.         Reviewer Comment (2026-05-22): Proof of borrower's receipt of letter of explanation along with re-opened rescission on correct RTC form has been provided to cure exception.


Buyer Comment (2026-05-20): Please see attached packagemailed to the borrower, confirmed delivered on [redacted] and recission has ended as of [redacted] at midnight.
  05/22/2026   No 2 C B C B C B C B C B   PA 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 C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000253 36735834     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000253 36735835     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000253 36735836     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   PA Primary Refinance - Cash-out - Other   C B A A C B A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000254 36735837     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   WI Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000254 36735838     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   WI Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000254 36735839     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   WI Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000255 36735844     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   WA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000255 36735845     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   WA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000256 36735846     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000256 36735847     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000256 36735848     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000257 36735851     Compliance Compliance State Compliance State HPML (State HPML Disclosure) Maryland 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.         Reviewer Comment (2026-04-27): Seller acknowledges exception, no change to grading.
    04/27/2026 No 2 B B B B B B B B B B   MD Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000257 36735852     Compliance Compliance State Compliance State HPML [redacted] 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]  Non-Compliant Higher Priced Loan.         Reviewer Comment (2026-04-27): Seller acknowledges exception, no change to grading.
    04/27/2026 No 2 B B B B B B B B B B   MD Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000257 36735853     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/27/2026 No 3 A A A A A A A A A A   MD Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000257 36735855     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MD Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000258 36735856     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000258 36735857     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000258 36735858     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/28/2026 No 3 A A A A A A A A A A   PA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000259 36735861     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 04/28/2026 No 3 A A A A A A A A A A   OR Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000259 36735862     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   OR Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000259 36735863     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   OR Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000260 36735866     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   KS Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000260 36735867     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   KS Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000260 36735868     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   KS Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000261 36735870     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file was missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000261 36735871     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   NC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000261 36735872     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   NC Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000262 36735876     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   SC Primary Refinance - Cash-out - Other   C A A A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000262 36735878     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - QM Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Higher Priced QM (APOR) does not match Due Diligence Loan Designation of Safe Harbor QM (APOR). Loan designation failure due to the rate set date. The date considered by the lender was not documented in the file. Please provide evidence of the relock for the interest rate of [redacted]% on [redacted].       Reviewer Comment (2026-05-18): Screenshot from LOS confirms last rate date of [redacted].  Exception is no longer valid after last rate set date change.  Exception cleareed.


Buyer Comment (2026-05-14): Please see attached, confirmation the last rate change occured on [redacted]
05/18/2026     No 1 B A C A B A C A B A   SC Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C A A A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000262 36735879     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. No secondary valuation was provided. The provided CU and/or LCA provide relief. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   SC Primary Refinance - Cash-out - Other   C A A A C A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000263 36735881     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000263 36735884     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000264 36735885     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000264 36735886     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000264 36735887     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000265 36735891     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   IN Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000265 36735892     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IN Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000265 36735893     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   IN Primary Refinance - Cash-out - Other   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000265 36735895     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.         Reviewer Comment (2026-05-13): Seller acknowledges exception, no change to grading.
    05/13/2026 No 2 B B B B B B B B B B   IN 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 B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes
[Redacted] [Redacted] [Redacted] GCAT2026CES1000266 36735896     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   NH Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000266 36735897     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NH Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000266 36735898     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   NH Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000267 36735901     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   UT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000267 36735902     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   UT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000267 36735903     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   UT Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000268 36735905     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000268 36735906     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   TN Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000268 36735907     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   TN Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000269 36735913     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   AL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000269 36735914     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000269 36735915     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000270 36735918     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   WI Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000270 36735919     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   WI Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000270 36735920     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   WI Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000271 36735922     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   DE Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000271 36735923     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   DE Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000271 36735924     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   DE Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000272 36735928     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   NH Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000272 36735929     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   NH Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000272 36735930     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   NH Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000273 36735931     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000273 36735932     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000273 36735933     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   IN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000274 36735935     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000274 36735936     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-04-13): Seller acknowledges exception, secondary valuation not required per product guidelines.
    04/13/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000274 36735937     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-04-13): Seller acknowledges exception, no change to grading.
    04/13/2026 No 2 A A A A A A   B B B   AL Primary Refinance - Cash-out - Other   A A A A A A A A Higher Priced QM (APOR) Higher Priced QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000275 36735940     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   MN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000275 36735941     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000275 36735942     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   MN Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000276 36735945     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   SC Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000276 36735946     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   SC Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000276 36735947     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   SC Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000276 36735950     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Documentation was not found to verify the subject HOA dues.  Please provide for review.       Reviewer Comment (2026-05-14): HOA document received. Exception cleared.


Buyer Comment (2026-05-14): Please see the attached HOA verification document.
05/14/2026     No 1 C A C A C A C A C A   SC Primary Refinance - Cash-out - Other   C A C A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000277 36735951     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000277 36735952     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000277 36735953     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000278 36735955     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000278 36735956     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000278 36735957     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000279 36735959     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000279 36735960     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   AL Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000279 36735961     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   AL Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000280 36735964     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized.  No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec [redacted] Note Date:  ___; Lien Position: ___         Reviewer Comment (2026-05-01): Seller acknowledges exception, no change to grading.
    05/01/2026 No 2 A A A A A A   B B B   MN Primary Refinance - Cash-out - Other   C B C A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000280 36735965     Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec [redacted] Note Date:  ___; Lien Position: ___ The file is missing the secondary valuation required for securitization purposes.       Reviewer Comment (2026-05-01): Seller acknowledges exception, secondary valuation not required per product guidelines.
    05/01/2026 No 1 N/A N/A A A N/A N/A     N/A N/A   MN Primary Refinance - Cash-out - Other   C B C A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000280 36735966     Compliance TRID Transaction Error TRID This loan was reviewed to a limited compliance scope.  Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review.  This exception is for informational purposes only and does not impact grading.                 05/13/2026 No 3 A A A A A A A A A A   MN Primary Refinance - Cash-out - Other   C B C A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000280 36735967     Credit Credit Miscellaneous Guideline Credit Exception:   The file is missing the borrower's [redacted] or equivalent documentation. Please provide for review.       Reviewer Comment (2026-05-14): [redacted] W-2 was provided.  Exception cleared.


Buyer Comment (2026-05-14): Please see attached, W2 as requested
05/14/2026     No 1 C A C A C A C A C A   MN Primary Refinance - Cash-out - Other   C B C A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
[Redacted] [Redacted] [Redacted] GCAT2026CES1000280 36735969     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.         Reviewer Comment (2026-05-13): Seller acknowledges exception, no change to grading.
    05/13/2026 No 2 B B B B B B B B B B   MN 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 C B C A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) Yes