MFRA NQM DEPOSITOR, LLC ABS-15G

Exhibit 99.07 - Schedule 1

 

 

Loan ID Customer Loan ID Seller Loan ID Note Date Original Loan Amount Last Name Property State Occupancy Purpose Originator QM Status TPR QM Status Exception ID Exception Number Exception Date Exception Type Exception Subcategory Exception Exception Remedy Rebuttal TPR Response Compensating Factors Status Update Date Finding Status Initial Exception Grade Final Exception Grade Initial Loan Grade Final Loan Grade
84717     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 4442003 1 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2025-06-13 16:31 Cleared 1 1 1 1
84717     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 4499348 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.

        2025-06-19 15:33 Cleared 1 1 1 1
84717     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 4499351 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

        2025-06-19 15:34 Cleared 1 1 1 1
85449     xx/xx/xxxx xxxxx xxxxx xx Investment Purchase Non-QM: Lender documented all ATR UW factors ATR/QM: Exempt 5519009 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

        2025-09-12 17:17 Cleared 1 1 1 1
85449     xx/xx/xxxx xxxxx xxxxx xx Investment Purchase Non-QM: Lender documented all ATR UW factors ATR/QM: Exempt 5543333 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.

        2025-09-15 20:08 Cleared 1 1 1 1
85449     xx/xx/xxxx xxxxx xxxxx xx Investment Purchase Non-QM: Lender documented all ATR UW factors ATR/QM: Exempt 5543338 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

        2025-09-15 20:08 Cleared 1 1 1 1
87419     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) 7240231 1 of 5 xx/xx/xxxx Credit Audited CLTV Exceeds Guideline CLTV Audited CLTV exceeds guideline CLTV. The audited CLTV of 75% exceeds the guideline maximum of 65%. There is an exception approval in the loan file.  



       Good mortgage payment history 0x30
No major derogatory credit or housing events
Required reserves 8 months verified
Established hair salon business		 2026-01-23 16:12 Waived 2 2 2 2
87419     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) 7240232 2 of 5 xx/xx/xxxx Credit Audited HCLTV Exceeds Guideline HCLTV Audited HLTV exceeds guideline HCLTV. The audited HLTV of 75% exceeds the guideline maximum of 65%. There is an exception approval in the loan file.  



       Good mortgage payment history 0x30
No major derogatory credit or housing events
Required reserves 8 months verified
Established hair salon business		 2026-01-23 16:12 Waived 2 2 2 2
87419     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) 7240233 3 of 5 xx/xx/xxxx Credit Audited LTV Exceeds Guideline LTV Audited LTV exceeds guideline LTV. The audited LTV of 75% exceeds the guideline maximum of 65%. There is an exception approval in the loan file.  



       Good mortgage payment history 0x30
No major derogatory credit or housing events
Required reserves 8 months verified
Established hair salon business		 2026-01-23 16:12 Waived 2 2 2 2
87419     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) 7240271 4 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

        2026-01-22 14:37 Cleared 1 1 2 2
87419     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) 7293398 5 of 5 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2026-01-26 14:38 Cleared 1 1 2 2
88846     xx/xx/xxxx xxxxx xxxxx xx Investment Refinance Non-QM: Lender documented all ATR UW factors ATR/QM: Exempt 8359539 1 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

        2026-03-27 15:07 Cleared 1 1 3 2
88846     xx/xx/xxxx xxxxx xxxxx xx Investment Refinance Non-QM: Lender documented all ATR UW factors ATR/QM: Exempt 8367244 2 of 4 xx/xx/xxxx Credit Final Settlement Statement Missing. The final Settlement Statement document is missing. Final settlement statement/alta statement/cd not in file.



  Document Uploaded.  - 04/02/2026

 CD provided. Condition resolved. - 04/03/2026

   2026-04-03 14:04 Resolved 3 1 3 2
88846     xx/xx/xxxx xxxxx xxxxx xx Investment Refinance Non-QM: Lender documented all ATR UW factors ATR/QM: Exempt 8367459 3 of 4 xx/xx/xxxx Credit Program Parameters - Guidelines Conformity The subject loan does not conform to program guidelines. Per guidelines-Ineligible property Assisted Living (case-by-case see section below). The extension is executed prior to the balloon’s maturity and any required payments since the extension were made as expected. Loan qualified with/as assist living and the note extension expired xxxx which did not meet guideline requirements in being paid in full via refinance within 60 days of original note maturity. Exception in file.

      Compensating factors-Bwr (Refi) 5+ years in the subject property ownership. Ancillary/rental income not used for qualifying. Bwr fico 20+ points, 0*30 in 12 mos mortgage history, 24+ yrs established credit history, & no adverse credit event history. Bwr >1 yr as real estate investor and reserves > minimum requirements. 2026-03-27 20:08 Waived 2 2 3 2
88846     xx/xx/xxxx xxxxx xxxxx xx Investment Refinance Non-QM: Lender documented all ATR UW factors ATR/QM: Exempt 8367473 4 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

        2026-03-27 20:09 Cleared 1 1 3 2
87423     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 7249237 1 of 4 xx/xx/xxxx Credit Audited FICO is less than Guideline FICO Audited FICO is less than guideline FICO. The credit score of 711 does not meet the minimum guideline requirement of 720. There is an exception approval in the file.  



       Established business
Low DTI
Great mortgage payment history 0x30
Several owned properties paid as agreed or F&C
 2026-01-23 19:47 Waived 2 2 3 2
87423     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 7249335 2 of 4 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. Unable to locate the following documents in the loan file. Property Tax Cert for property located at xxxxx, Hazard Insurance documentation for the property located at xxxxx, Mortgage Statement for the property located at xxxxx

   Document Uploaded. Please see attached, xxxxxt first payment is xxxxx Mtg Stmt was not provided but we have the Note and all HOI/TaX info provided attached. - 01/23/2026
 REO Docs provided.  Condition resolved. - 01/26/2026

   2026-01-26 17:50 Resolved 3 1 3 2
87423     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 7249337 3 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

        2026-01-23 19:44 Cleared 1 1 3 2
87423     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 7249744 4 of 4 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.

        2026-01-22 18:26 Cleared 1 1 3 2
88181     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 7941238 1 of 3 xx/xx/xxxx Compliance 1-4 Family Rider is Missing The file is missing the 1-4 Family Rider. Per the appraisal this is a 4-unit property. The DOT is missing the 1–4-unit Family Rider.  



   Document Uploaded.  - 05/18/2026

 Received recorded DOT with rider - 05/20/2026

   2026-05-20 16:07 Resolved 3 1 3 1
88181     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 7941345 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.

        2026-03-05 13:55 Cleared 1 1 3 1
88181     xx/xx/xxxx xxxxx xxxxx xx Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors 7941354 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

        2026-03-05 13:56 Cleared 1 1 3 1
89129     xx/xx/xxxx xxxxx xxxxx xx Investment Refinance ATR/QM: Exempt ATR/QM: Exempt 9478443 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

        2026-06-01 14:15 Cleared 1 1 1 1
89129     xx/xx/xxxx xxxxx xxxxx xx Investment Refinance ATR/QM: Exempt ATR/QM: Exempt 9478445 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.

        2026-06-01 17:30 Cleared 1 1 1 1
89129     xx/xx/xxxx xxxxx xxxxx xx Investment Refinance ATR/QM: Exempt ATR/QM: Exempt 9478453 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

        2026-06-01 14:15 Cleared 1 1 1 1
89131     xx/xx/xxxx xxxxx xxxxx xx Investment Refinance ATR/QM: Exempt ATR/QM: Exempt 9485843 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.

        2026-06-01 18:59 Cleared 1 1 1 1
89131     xx/xx/xxxx xxxxx xxxxx xx Investment Refinance ATR/QM: Exempt ATR/QM: Exempt 9485851 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.

        2026-06-01 18:59 Cleared 1 1 1 1
89131     xx/xx/xxxx xxxxx xxxxx xx Investment Refinance ATR/QM: Exempt ATR/QM: Exempt 9488543 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.

        2026-06-01 21:05 Cleared 1 1 1 1