MFRA NQM DEPOSITOR, LLC ABS-15G

Exhibit 99.03 - Schedule 6

 

Waived Conditions Summary
Review Scope Category Code Description Count
Credit Terms/Guidelines XXXX Loan amount exceeds guideline maximum 1
Credit Terms/Guidelines XXXX Loan amount is below guideline minimum 1
Credit Terms/Guidelines XXXX Loan parameters do not meet guidelines 2
Credit Credit/Mtg History XXXX Credit score below guidelines 2
Credit Credit/Mtg History XXXX No evidence of required debt payoff 1
Credit Credit/Mtg History XXXX Length of mortgage/rental history in file does not meet guideline requirement 2
Credit Credit/Mtg History XXXX Number of mortgaged properties exceeds guideline limit 4
Credit DTI XXXX Debt Ratio > 50% 3
Credit LTV/CLTV XXXX LTV Exceeds Guideline Requirement by at least 5%, but less than 10% 7
Credit LTV/CLTV XXXX LTV Exceeds Guideline Requirement by less than 5% 3
Credit Title XXXX Title Does Not Agree With Mortgage 1
Credit Income/Employment XXXX Verbal verification of employment completed outside the stated requirements and/or after closing/funding 1
Credit Income/Employment XXXX Income Documentation Missing 1
Credit Income/Employment XXXX Income Amount is  Unsupported by Documentation in File 1
Credit Assets XXXX Insufficient # of months cash reserves for PITI per guideline requirements 3
Property Valuations Property XXXX Property Issues Indicated 1
Property Valuations Appraisal XXXX Appraisal Deficiency 1
Compliance Right of Rescission  XXXX ROR - date changes must be acknowledged/initialed by borrower 1
Compliance Right of Rescission  XXXX ROR - Expiration date on form prior to end of rescission period 1
Total       37

  

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