EXHIBIT 99.2
CLAYTON CONDITIONS REPORT
| Client Name: | PennyMac | |
| Client Project Name: | PNMAC PMTLT 2026-CNF9 Securitization_J17368 | |
| Conditions Report 2.0 | ||
| Loans in Report: | 31 | |
| Loans with Conditions: | 22 | |
| 25 - Total Active Conditions | ||||||
| 20 - Material Conditions | ||||||
| 12 - Credit Review Scope | ||||||
| 1 - Category: Ability to Repay/Qualified Mortgage | ||||||
| 3 - Category: Assets | ||||||
| 1 - Category: Credit/Mtg History | ||||||
| 1 - Category: DTI | ||||||
| 2 - Category: Income/Employment | ||||||
| 1 - Category: Insurance | ||||||
| 3 - Category: Terms/Guidelines | ||||||
| 1 - Property Valuations Review Scope | ||||||
| 1 - Category: Value | ||||||
| 7 - Compliance Review Scope | ||||||
| 4 - Category: Ability to Repay/Qualified Mortgage | ||||||
| 2 - Category: Texas Home Equity | ||||||
| 1 - Category: TILA/RESPA Integrated Disclosure | ||||||
| 5 - Non-Material Conditions | ||||||
| 5 - Compliance Review Scope | ||||||
| 1 - Category: Compliance Manual | ||||||
| 1 - Category: RESPA | ||||||
| 1 - Category: Right of Rescission | ||||||
| 2 - Category: Texas Home Equity | ||||||
| 37 - Total Satisfied Conditions | ||||||
| 3 - Credit Review Scope | ||||||
| 2 - Category: Ability to Repay/Qualified Mortgage | ||||||
| 1 - Category: Legal Documents | ||||||
| 24 - Property Valuations Review Scope | ||||||
| 24 - Category: Appraisal | ||||||
| 10 - Compliance Review Scope | ||||||
| 2 - Category: APR Tolerance | ||||||
| 1 - Category: Compliance Manual | ||||||
| 4 - Category: Documentation | ||||||
| 1 - Category: State Late Charges | ||||||
| 2 - Category: TILA/RESPA Integrated Disclosure | ||||||
| 0 - Total Waived Conditions | ||||||
©2026 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.
| Client Name: | PennyMac | |
| Client Project Name: | PNMAC PMTLT 2026-CNF9 Securitization_J17368 | |
| Conditions Report 2.0 | ||
| Loans in Report: | 31 | |
| Loans with Conditions: | 22 | |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub Category |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 232 | XXXXXX | XXXXXX | CA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | CU/LCA score 3.0. Clayton to order Desk Review. |
9/4/2026: Received CDA supporting value. |
9/4/2026: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 42.47% is below guideline maximum 50%
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @4.60%
CFCFS2860: Good credit history - Clayton Comments: Borrowers have 24 months mortgage payment history 0x30 | |||||||||||||||||||||||||||||||||||||
| 72 | XXXXXX | XXXXXX | CO | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | APR Tolerance |
Satisfied | B | A | B | A | CMPAPRT110 | APR - Insufficient Information for APR- Payment Stream Testing |
No | Missing Private Mortgage Insurance Certificate - unable to perform APR testing |
9/25/2026: The stips uploaded are not in format. Cannot open. They are also labeled HOI. It’s the PMI that’s missing. 9/27/26 - Lender provided MI certificate. |
9/25/2026: Exception remains. 9/27/26 - Exception satisfied. |
(No Data) | Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @12.03%
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have 24 months mortgage payment history 0x30
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 37.70% is below guideline maximum 50%. | |||||||||||||||||||||||||||||||||||||
| 72 | XXXXXX | XXXXXX | CO | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | Documentation | Satisfied | C | A | C | A | CMPDOC5455 | Mortgage Insurance required but MI Certificate is missing |
No | Missing private Mortgage Insurance Certificate |
9/25/2026: The stips uploaded are not in format. Cannot open. They are also labeled HOI. It’s the PMI that’s missing. 9/27/26 - Lender provided MI certificate. |
9/25/2026: Exception remains. 9/27/26 - Exception satisfied. |
Not Applicable |
Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @12.03%
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have 24 months mortgage payment history 0x30
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 37.70% is below guideline maximum 50%. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub Category |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 76 | XXXXXX | XXXXXX | AL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | A | C | B | D | B | A | A | D | A | C | B | Compliance | TILA/RESPA Integrated Disclosure |
Satisfied | C | B | C | B | CMPTRID3640 | TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided |
No | Zero percent tolerance fail of $3790. Due to Lender Credits and Lender Paid Fees Aggregate fee decreased on CD issued 7/8/26 with no internal COC in file. Provide Internal COC reflecting valid reason for the fee changes within 3 business days of change - OR- PCCD with cure, copy of cure check, LOE to Borrower and Evidence of delivery via method including tracking, within 60 days of consummation. |
9/27/26 - Lender provided COC showing a decrease in lender credits. |
9/27/26 - Exception satisfied. |
Numeric | Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 784, guidelines require 620. | |||||||||||||||||||||||||||||||||||||
| 76 | XXXXXX | XXXXXX | AL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | A | C | B | D | B | A | A | D | A | C | B | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | LCA returned no score. Clayton to order desk review. |
9.25.2026: CDA provided supports appraised value. |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 784, guidelines require 620. | |||||||||||||||||||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | D | D | D | D | B | D | A | D | D | D | D | D | A | D | A | Compliance | Documentation | Satisfied | D | A | D | A | CMPDOC5551 | Missing sufficient documentation to determine the QM Fee limit, QM APR and/or TIL/State Higher-Priced APR or State regulation fee tests |
No | Missing sufficient documentation to determine the QM Fee limit, QM APR and/or TIL/State Higher-Priced APR or State regulation fee tests |
09.28.2026 -Final CD provided |
09.28.2026 -Exception satisfied |
Hybrid | Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 795 mid score > min required of 680 | |||||||||||||||||||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | D | D | D | D | B | D | A | D | D | D | D | D | A | D | A | Compliance | Documentation | Satisfied | D | A | D | A | CMPDOC5553 | Missing sufficient documentation to determine High Cost Fees and APR Limits |
No | Missing sufficient documentation to determine High Cost Fees and APR Limits. Missing Note, Mortgage and Final CD. |
09.28.2026 -Final CD provided |
09.28.2026 -Exception satisfied |
Hybrid | Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 795 mid score > min required of 680 | |||||||||||||||||||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | D | D | D | D | B | D | A | D | D | D | D | D | A | D | A | Credit | Income/ Employment |
Active | C | C | C | C | CRDINC2488 | Verbal verification of employment missing |
Yes | Missing Verbal Verification of Employment for Borrower and Co Borrower. |
9/28/2026 Received VVOE however the VVOE uploaded is not for either B1/B2. |
9/28/2026 Exception remains. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 795 mid score > min required of 680 |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | D | D | D | D | B | D | A | D | D | D | D | D | A | D | A | Credit | Insurance | Active | D | D | D | D | CRDINSR848 | Missing Hazard Insurance |
Yes | File is missing evidence of insurance coverage for subject property |
9/28/2026 Received hazard insurance however evidence of hazard uploaded is not for subject transaction. |
9/28/2026 Exception remains. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 795 mid score > min required of 680 | |||||||||||||||||||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | D | D | D | D | B | D | A | D | D | D | D | D | A | D | A | Credit | Terms/ Guidelines |
Active | D | D | D | D | CRDTER2548 | Missing AUS or AUS errors present |
Yes | Provide latest LP Findings used for this loan transaction. Once received and reviewed, additional conditions may apply. |
9/28/2026 Received LP however the LP uploaded is not for subject transaction. |
9/28/2026 Exception remains. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 795 mid score > min required of 680 | |||||||||||||||||||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | D | D | D | D | B | D | A | D | D | D | D | D | A | D | A | Property Valuations |
Appraisal | Satisfied | C | B | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW |
No | LP approved ACE &PDR report. Clayton to order BPO. |
9/28/2026: BPO provided supports appraised value |
9/28/2026: Exception satisfied |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 795 mid score > min required of 680 | |||||||||||||||||||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | D | D | D | D | B | D | A | D | D | D | D | D | A | D | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | LP approved ACE &PDR report. Clayton to order BPO. |
9/28/2026: BPO provided supports appraised value |
9/28/2026: Exception satisfied |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 795 mid score > min required of 680 | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | MI | ATR/ QM: Not Provided |
Non-QM: Lender documented all ATR UW factors |
D | D | D | D | D | B | D | C | D | D | D | D | D | A | D | C | Compliance | Ability to Repay/ Qualified Mortgage |
Active | C | C | C | C | CMPATRQM2904 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; is not a Qualified Mortgage. |
Yes | Missing several LEs and CDs to determine if loan meets QM. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 795, guidelines require 620. | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | MI | ATR/ QM: Not Provided |
Non-QM: Lender documented all ATR UW factors |
D | D | D | D | D | B | D | C | D | D | D | D | D | A | D | C | Compliance | APR Tolerance |
Satisfied | B | A | B | A | CMPAPRT110 | APR - Insufficient Information for APR- Payment Stream Testing |
No | APR - Insufficient Information for APR- Payment Stream Testing |
9.25.2026: Client provided Note and Mortgage |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 795, guidelines require 620. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | MI | ATR/ QM: Not Provided |
Non-QM: Lender documented all ATR UW factors |
D | D | D | D | D | B | D | C | D | D | D | D | D | A | D | C | Compliance | Compliance Manual |
Satisfied | D | A | D | A | CMPMAN2956 | Missing disclosure |
No | Provide the Final CD and Seller CD for this transaction, as well as any additional LEs, CDs and COC if applicable..File has XXX LE and XXX CD only. |
9/28/26 - Lender provided missing disclosures. |
9/28/26 - Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 795, guidelines require 620. | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | MI | ATR/ QM: Not Provided |
Non-QM: Lender documented all ATR UW factors |
D | D | D | D | D | B | D | C | D | D | D | D | D | A | D | C | Compliance | State Late Charges |
Satisfied | B | A | B | A | CMPSLC1201 | Late Charges - Unable to Calculate Maximum Payment subject to late charge |
No | Late Charges - Unable to Calculate Maximum Payment subject to late charge |
9.25.2026: Client provided Note and Mortgage |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 795, guidelines require 620. | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | MI | ATR/ QM: Not Provided |
Non-QM: Lender documented all ATR UW factors |
D | D | D | D | D | B | D | C | D | D | D | D | D | A | D | C | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing |
No | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing |
9.25.2026: Client provided Note and Mortgage |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 795, guidelines require 620. | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | MI | ATR/ QM: Not Provided |
Non-QM: Lender documented all ATR UW factors |
D | D | D | D | D | B | D | C | D | D | D | D | D | A | D | C | Credit | Ability to Repay/ Qualified Mortgage |
Active | C | C | C | C | CRDATRQM3124 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; Lender did not provide an ATR/QM status determination. |
Yes | Provide Lender QM determination. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 795, guidelines require 620. | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | MI | ATR/ QM: Not Provided |
Non-QM: Lender documented all ATR UW factors |
D | D | D | D | D | B | D | C | D | D | D | D | D | A | D | C | Credit | Assets | Active | D | D | D | D | CRDAST2670 | Asset documentation is insufficient per guideline requirements |
Yes | Provide a fully executed or Certified True Final HUD1 for sale of previous residence XXXXXX. The doc in the file is not signed by Settlement agent. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 795, guidelines require 620. | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | MI | ATR/ QM: Not Provided |
Non-QM: Lender documented all ATR UW factors |
D | D | D | D | D | B | D | C | D | D | D | D | D | A | D | C | Credit | Terms/ Guidelines |
Active | D | D | D | D | CRDTER2548 | Missing AUS or AUS errors present |
Yes | Provide the LP Findings used to underwrite this loan. Once received and reviewed, additional conditions may apply. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 795, guidelines require 620. | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | MI | ATR/ QM: Not Provided |
Non-QM: Lender documented all ATR UW factors |
D | D | D | D | D | B | D | C | D | D | D | D | D | A | D | C | Property Valuations |
Appraisal | Satisfied | C | B | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW |
No | Loan File contains Property Inspection Waiver (PIW)/ AW |
9.25.2026: BPO provided supports appraised value. |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 795, guidelines require 620. | |||||||||||||||||||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | MI | ATR/ QM: Not Provided |
Non-QM: Lender documented all ATR UW factors |
D | D | D | D | D | B | D | C | D | D | D | D | D | A | D | C | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Loan File contains Property Inspection Waiver (PIW)/ AW |
9.25.2026: BPO provided supports appraised value. |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 795, guidelines require 620. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub Category |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 230 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | D | A | D | A | A | A | D | A | D | A | Compliance | Documentation | Satisfied | D | A | D | A | CMPDOC3268 | Note in file is incomplete |
No | The Note dated XXXXXX is incorrect. Payments start on XXXXXX and maturity date is XXXXXX The mortgage notary date is XXXXXX The final CD XXXXXX has per diem interest being paid from XXXXXX $1,618.50 The funds disbursed on XXXXXX The Right of Recission dates changed and initialed by borrower as of transaction date XXXXXX. Please provide corrected note with correct monthly payment beginning date and maturity date |
9/1/2026: Received corrected Note. |
9/1/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 31.73% DTI; Max DTI is 45%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 772 credit score; Minimum FICO is 620
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0x30x28 mortgage payment history | |||||||||||||||||||||||||||||||||||||
| 230 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | D | A | D | A | A | A | D | A | D | A | Property Valuations |
Appraisal | Satisfied | C | B | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW |
No | Loan is PIW approved, Clayton to order BPO |
7/9/2026: Received BPO supporting value. |
7/9/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 31.73% DTI; Max DTI is 45%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 772 credit score; Minimum FICO is 620
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0x30x28 mortgage payment history | |||||||||||||||||||||||||||||||||||||
| 230 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | D | A | D | A | A | A | D | A | D | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Loan is PIW approved, Clayton to order BPO. |
7/9/2026: Received BPO supporting value. |
7/9/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 31.73% DTI; Max DTI is 45%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 772 credit score; Minimum FICO is 620
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0x30x28 mortgage payment history |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 231 | XXXXXX | XXXXXX | GA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Missing updated valuation. LCA score > 2.5. Clayton to order desk review. |
8/3/2026: CDA received reviewed appraisal from 2025. CDA to be corrected reviewing XXXXXX appraisal.9/4/2026: Received CDA supporting value. |
8/3/2026: Exception remains.9/4/2026: Exception satsified. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 812 mid score > min required of 620
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 82 months.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets $17,581.46 or 7.49 months of PITI $2,345.63; required reserves $0.00 CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 27% is below guideline maximum 45%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has 20+ years at present job CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 2.01% | |||||||||||||||||||||||||||||||||||||
| 92 | XXXXXX | XXXXXX | WI | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | C | B | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/ AW |
No | Loan is PIW approved, Clayton to order BPO |
9.25.2026: BPO provided supports appraised value. |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Credit utilization below 2%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 772 median FICO. Min required 620. | |||||||||||||||||||||||||||||||||||||
| 92 | XXXXXX | XXXXXX | WI | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Loan is approved PIW. Clayton to order BPO. |
9.25.2026: BPO provided supports appraised value. |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Credit utilization below 2%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 772 median FICO. Min required 620. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 39 | XXXXXX | XXXXXX | NC | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | B | B | D | B | A | A | D | A | B | B | Compliance | Right of Rescission |
Active | B | B | B | B | CMPROR118 | ROR - Disbursement date is on/ before disclosed “midnight of” date |
No | ROR in file is dated XXX with an expiration date of XXX. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 20 years.
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has 162 months mortgage payment history 0x30.
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 8.00% CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 25.97% is below guideline maximum 50%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 79.35%; guidelines allow 95%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 788mid score > min required of 620 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 498 months. | |||||||||||||||||||||||||||||||||||||
| 39 | XXXXXX | XXXXXX | NC | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | B | B | D | B | A | A | D | A | B | B | Property Valuations |
Appraisal | Satisfied | C | B | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW |
No | Loan is PIW approved, Clayton to order BPO |
9/28/2026: BPO provided supports appraised value |
9/28/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 20 years.
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has 162 months mortgage payment history 0x30.
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 8.00% CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 25.97% is below guideline maximum 50%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 79.35%; guidelines allow 95%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 788mid score > min required of 620 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 498 months. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 39 | XXXXXX | XXXXXX | NC | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | B | B | D | B | A | A | D | A | B | B | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Loan is approved PIW. Clayton to order BPO. |
9/28/2026: BPO provided supports appraised value |
9/28/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 20 years.
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has 162 months mortgage payment history 0x30.
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 8.00% CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 25.97% is below guideline maximum 50%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 79.35%; guidelines allow 95%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 788mid score > min required of 620 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 498 months. | |||||||||||||||||||||||||||||||||||||
| 4 | XXXXXX | XXXXXX | WA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | LCA score is >2.5. Clayton to order desk review. |
9.25.2026: CDA provided supports appraised value. |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1739: Positive mortgage payment history - Clayton Comments: 0 x 30 in 55 months
CFCFS2860: Good credit history - Clayton Comments: 0 x 30 in 99 months |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 113 | XXXXXX | XXXXXX | WY | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Verified 58.57% LTV. Max allowed 80%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 116 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | D | C | D | D | D | D | D | D | D | C | D | D | Compliance | Ability to Repay/ Qualified Mortgage |
Active | D | D | D | D | CMPATRQM3220 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; the loan file is missing documents to complete the ATR/ QM review and render an accurate ATR/QM status. |
Yes | Provide tax, insurance and HOI (if applicable) for XXXXXX, purchased XXXXXX (subject closing date is XXXXXX). |
(No Data) |
(No Data) |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 709 exceeds required FICO of 620.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $165,660.50 or 33.95 months PITIA. Required PITIA reserves are $29,273.04 per AUS.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per WVOE, Borrower has been with current employer since 1/2/2002. | |||||||||||||||||||||||||||||||||||||
| 116 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | D | C | D | D | D | D | D | D | D | C | D | D | Compliance | Texas Home Equity |
Active | B | B | B | B | CMPTXHE320 | TX Equity - Texas Equity : Missing T.42 Title Endorsement |
No | Title policy does not reference title policy T-42 endorsement. |
(No Data) |
(No Data) |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 709 exceeds required FICO of 620.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $165,660.50 or 33.95 months PITIA. Required PITIA reserves are $29,273.04 per AUS.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per WVOE, Borrower has been with current employer since 1/2/2002. | |||||||||||||||||||||||||||||||||||||
| 116 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | D | C | D | D | D | D | D | D | D | C | D | D | Compliance | Texas Home Equity |
Active | B | B | B | B | CMPTXHE321 | TX Equity - Texas Equity : Missing T.42.1 Title Endorsement |
No | Title policy does not reference title policy T-42.1 endorsement. |
(No Data) |
(No Data) |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 709 exceeds required FICO of 620.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $165,660.50 or 33.95 months PITIA. Required PITIA reserves are $29,273.04 per AUS.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per WVOE, Borrower has been with current employer since 1/2/2002. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 116 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | D | C | D | D | D | D | D | D | D | C | D | D | Compliance | Texas Home Equity |
Active | C | C | C | C | CMPTXHE119 | Texas Equity - Affidavit of Fair Market Value not signed by lender |
Yes | Copy of fair market value in file is signed by borrower but not by lender. Provide copy of fully executed fair market signed by lender. |
(No Data) |
(No Data) |
(No Data) | Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 709 exceeds required FICO of 620.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $165,660.50 or 33.95 months PITIA. Required PITIA reserves are $29,273.04 per AUS.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per WVOE, Borrower has been with current employer since 1/2/2002. | |||||||||||||||||||||||||||||||||||||
| 116 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | D | C | D | D | D | D | D | D | D | C | D | D | Compliance | Texas Home Equity |
Active | C | C | C | C | CMPTXHE5977 | TX Equity - Urban, Suburban Property; Acreage > 10 acres |
Yes | Subject sits on XXX acres. |
(No Data) |
(No Data) |
(No Data) | Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 709 exceeds required FICO of 620.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $165,660.50 or 33.95 months PITIA. Required PITIA reserves are $29,273.04 per AUS.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per WVOE, Borrower has been with current employer since 1/2/2002. | |||||||||||||||||||||||||||||||||||||
| 116 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | D | C | D | D | D | D | D | D | D | C | D | D | Compliance | TILA/ RESPA Integrated Disclosure |
Active | C | C | C | C | CMPTRID3966 | TRID - CD: The Will Not Have an Escrow Account in the CD Loan Disclosures section is selected and both or neither of You declined it and/or Your lender does not offer one are selected |
Yes | Final CD XXX loan disclosures does not mark reason for not having an escrow account. |
(No Data) |
(No Data) |
Non-Numeric | Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 709 exceeds required FICO of 620.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $165,660.50 or 33.95 months PITIA. Required PITIA reserves are $29,273.04 per AUS.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per WVOE, Borrower has been with current employer since 1/2/2002. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 116 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | D | C | D | D | D | D | D | D | D | C | D | D | Credit | DTI | Active | D | D | D | D | CRDDTI2540 | Missing verification of some or all components of non- subject PITI |
Yes | Provide tax, insurance and HOI (if applicable) for XXXXXX, purchased XXX (subject closing date is XXXXXX). |
(No Data) | (No Data) | (No Data) | Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 709 exceeds required FICO of 620.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $165,660.50 or 33.95 months PITIA. Required PITIA reserves are $29,273.04 per AUS.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per WVOE, Borrower has been with current employer since 1/2/2002. | |||||||||||||||||||||||||||||||||||||
| 116 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | D | C | D | D | D | D | D | D | D | C | D | D | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | LCA (or CU) score > 2.5. Clayton to order desk review. |
9.25.2026: CDA provided |
9.25.2026: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 709 exceeds required FICO of 620.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $165,660.50 or 33.95 months PITIA. Required PITIA reserves are $29,273.04 per AUS.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per WVOE, Borrower has been with current employer since 1/2/2002. | |||||||||||||||||||||||||||||||||||||
| 116 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | D | C | D | D | D | D | D | D | D | C | D | D | Property Valuations |
Value | Active | C | C | C | C | PRVAVALU5249 | Property Value Not Supported |
Yes | Exception added 9/26/2026 after receipt of CDA. CDA does not support appraised value (- 12%). Field review required. |
(No Data) | (No Data) | Not Applicable |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 709 exceeds required FICO of 620.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $165,660.50 or 33.95 months PITIA. Required PITIA reserves are $29,273.04 per AUS.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per WVOE, Borrower has been with current employer since 1/2/2002. | |||||||||||||||||||||||||||||||||||||
| 123 | XXXXXX | XXXXXX | VA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents |
Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete |
No | The purchase contract is not legible. Provide a legible purchase contract. |
9/23/2026: Received all pages of legible Sales Contract. |
9/23/2026: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 0.02%
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: $28,179.17 post closing reserves, 3.55 PITI for subject property.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower score is 808. Minimum score per program is 620. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 124 | XXXXXX | XXXXXX | GA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | C | B | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW |
No | Loan is approved PIW. Clayton to order BPO. |
9.25.2026: BPO provided supports appraised value. |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 789, guidelines require 620. | |||||||||||||||||||||||||||||||||||||
| 124 | XXXXXX | XXXXXX | GA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Loan is approved PIW. Clayton to order BPO. |
9.25.2026: BPO provided supports appraised value. |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 789, guidelines require 620. | |||||||||||||||||||||||||||||||||||||
| 133 | XXXXXX | XXXXXX | PA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Ability to Repay/ Qualified Mortgage |
Satisfied | C | A | C | A | CRDATRQM3124 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; Lender did not provide an ATR/QM status determination. |
No | Missing lender’s Safe Harbor status determination |
9/28/2026: Client provided QM declaration |
9/28/2026: Excpetion satisfied. |
(No Data) |
Not Applicable |
CFCFS1739: Positive mortgage payment history - Clayton Comments: 0 x 30 in 30 months
CFCFS2860: Good credit history - Clayton Comments: 0 x 30 in 99 months | |||||||||||||||||||||||||||||||||||||
| 137 | XXXXXX | XXXXXX | UT | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | CU score is 3.5. CDA required. |
9.25.2026: BPO provided supports appraised value. |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 784 mid score > min required of 680
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | |||||||||||||||||||||||||||||||||||||
| 138 | XXXXXX | XXXXXX | CA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 721 mid score > min required of 620 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 140 | XXXXXX | XXXXXX | FL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | C | B | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW |
No | Loan is PIW approved, Clayton to order BPO. |
9/22/2026: Received BPO supporting value. |
9/22/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $75,930.83 / 19.19 months PITIA > min required of $0.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 797 mid score > min required of 620,
CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession of 12 years. | |||||||||||||||||||||||||||||||||||||
| 140 | XXXXXX | XXXXXX | FL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Loan is PIW approved, Clayton to order BPO. |
9/22/2026: Received BPO supporting value. |
9/22/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $75,930.83 / 19.19 months PITIA > min required of $0.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 797 mid score > min required of 620,
CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession of 12 years. | |||||||||||||||||||||||||||||||||||||
| 150 | XXXXXX | XXXXXX | UT | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 731 mid score > min required of 620
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 157 | XXXXXX | XXXXXX | NV | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1739: Positive mortgage payment history - Clayton Comments: 0 x 30 in 97 months
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 806 FICO exceeds minimum 620
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close reserves $294,318.58Reserves not required | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 158 | XXXXXX | XXXXXX | UT | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | LCA returned no score. Clayton to order Desk Review. |
9/22/2026: Received CDA supporting value. |
9/22/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: $11,908.96 post closing reserves, 4.6 PITI for subject property. No reserves required.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower score is 764. Minimum score per program is 620.
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 0.64% | |||||||||||||||||||||||||||||||||||||
| 169 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | A | A | D | D | D | D | D | D | A | A | D | D | Compliance | Ability to Repay/ Qualified Mortgage |
Active | D | D | D | D | CMPATRQM3220 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/ QM status. |
Yes | Previous residence is in a XXX with XXX. Provide documentation to verify omission of PITI from DTI. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: B2 has been with current employer 12.25 years.
CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers lived at previous residence 13.25 years. | |||||||||||||||||||||||||||||||||||||
| 169 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | A | A | D | D | D | D | D | D | A | A | D | D | Credit | Assets | Active | D | D | D | D | CRDAST2670 | Asset documentation is insufficient per guideline requirements |
Yes | Provide verification the XXX loan funds were deposited with XXXXXX for $142,932.57. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: B2 has been with current employer 12.25 years.
CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers lived at previous residence 13.25 years. | |||||||||||||||||||||||||||||||||||||
| 169 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | A | A | D | D | D | D | D | D | A | A | D | D | Credit | Terms/ Guidelines |
Active | C | C | C | C | CRDTER3122 | Loan documents do not meet guideline requirements |
Yes | Previous residence is in a XXX Program with XXX. Provide documentation to verify omission of PITI from DTI. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: B2 has been with current employer 12.25 years.
CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers lived at previous residence 13.25 years. | |||||||||||||||||||||||||||||||||||||
| 172 | XXXXXX | XXXXXX | NC | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers lived at previous residence 26.67 years.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 800 median FICO. Min required 620. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 187 | XXXXXX | XXXXXX | MN | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have 24 months mortgage payment history 0x30
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $197,868.08 or 68.69 months of P&I (or PITI if required)
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @6.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 191 | XXXXXX | XXXXXX | AZ | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | D | A | D | D | D | D | D | D | D | A | D | D | Compliance | Ability to Repay/ Qualified Mortgage |
Active | D | D | D | D | CMPATRQM3220 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; the loan file is missing documents to complete the ATR/ QM review and render an accurate ATR/QM status. |
Yes | Provide 2025 1120- S for XXXXXX, all pages and schedules. |
9/28/2026 Received 2025 1040, XXXXXX asset statements, Verification of business existence, S/E income calculation, pay stubs, 1008, LP and VVOE. B1 disclosed S/ E on 1003, 1040 reflects 1120S filed. Provide 2025 1120S with all pages/ schedules in order for income to be calculated. |
9/28/2026 Exception remains. |
(No Data) |
Not Applicable |
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have172 months mortgage payment history 0x30.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 80%; guidelines allow 90%.
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 6.65% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 794 mid score > min required of 620 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $415,679.32/90.71 months of PITIA (all REO financed) > min required $0.00 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 288 months. | |||||||||||||||||||||||||||||||||||||
| 191 | XXXXXX | XXXXXX | AZ | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | D | A | D | D | D | D | D | D | D | A | D | D | Compliance | RESPA | Active | B | B | B | B | CMPRESPA863 | RESPA: Required Affiliate Business Disclosure missing |
No | Please provide Affiliated Business Disclosure |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have172 months mortgage payment history 0x30.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 80%; guidelines allow 90%.
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 6.65% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 794 mid score > min required of 620 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $415,679.32/90.71 months of PITIA (all REO financed) > min required $0.00 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 288 months. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 191 | XXXXXX | XXXXXX | AZ | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | D | A | D | D | D | D | D | D | D | A | D | D | Credit | Income/ Employment |
Active | D | D | D | D | CRDINC3204 | Income Documentation Missing |
Yes | Provide 2025 1120-S forXXXXXX, all pages and schedules. |
9/28/2026 Received 2025 1040, Wells asset statements, Verification of business existence, S/E income calculation, pay stubs, 1008, LP and VVOE. B1 disclosed S/ E on 1003, 1040 reflects 1120S filed. Provide 2025 1120S with all pages/ schedules in order for income to be calculated. |
9/28/2026 Exception remains. |
(No Data) |
Not Applicable |
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have172 months mortgage payment history 0x30.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 80%; guidelines allow 90%.
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 6.65% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 794 mid score > min required of 620 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $415,679.32/90.71 months of PITIA (all REO financed) > min required $0.00 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 288 months. | |||||||||||||||||||||||||||||||||||||
| 191 | XXXXXX | XXXXXX | AZ | QM: Safe Harbor (APOR) |
ATR/ QM: Status Pending |
D | D | D | D | D | A | D | D | D | D | D | D | D | A | D | D | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | LCA returned no score. Clayton to order Desk Review. |
9.25.2026: CDA provided supports appraised value |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have172 months mortgage payment history 0x30.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 80%; guidelines allow 90%.
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 6.65% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 794 mid score > min required of 620 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $415,679.32/90.71 months of PITIA (all REO financed) > min required $0.00 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 288 months. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 193 | XXXXXX | XXXXXX | SC | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1739: Positive mortgage payment history - Clayton Comments: 0 x 30 in 54 months
CFCFS2860: Good credit history - Clayton Comments: 0 x30 in 82 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2 | XXXXXX | XXXXXX | WA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: All mortgages on borrowers credit have been current since inception
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower mid score is 791 which exceeds DU minimum 620
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has Significant reserves of 709.07 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 209 | XXXXXX | XXXXXX | CA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Ability to Repay/ Qualified Mortgage |
Satisfied | C | A | C | A | CRDATRQM3124 | TILA - Loan subject to Ability to Repay/ Qualified Mortgage rule; Lender did not provide an ATR/QM status determination. |
No | Missing Mavent report. Provide Lender QM determination. |
9/28/2026: Received SH Status. |
9/28/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: representative credit score 801, Guidelines require 620. | |||||||||||||||||||||||||||||||||||||
| 217 | XXXXXX | XXXXXX | CA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | D | D | D | D | B | A | A | D | D | D | D | D | A | A | A | Credit | Assets | Active | D | D | D | D | CRDAST2670 | Asset documentation is insufficient per guideline requirements |
Yes | 1. Provide Gift Letter for XXXXXX.2. Provide source of funds for $147,225 gift from XXXXXX. Per Gift Letter, assets from XXXXXX account were used. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer 7.17 years. | |||||||||||||||||||||||||||||||||||||
| 217 | XXXXXX | XXXXXX | CA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | D | D | D | D | B | A | A | D | D | D | D | D | A | A | A | Credit | Credit/ Mtg History |
Active | D | D | D | D | CRDCRMH183 | Credit report incomplete |
Yes | Provide a complete credit report to include B2 FICO scores. None were on report. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer 7.17 years. |
| Deal ID |
Loan Number |
Original Principal Balance |
State | Initial Lender ATR/ QM Status |
Loan Level ATR/ QM Status |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Credit Loan Grade |
Final Securitization Credit Loan Grade |
Initial Securitization Property Valuations Loan Grade |
Final Securitization Property Valuations Loan Grade |
Initial Securitization Compliance Loan Grade |
Final Securitization Compliance Loan Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Credit Loan Grade |
Final S&P Credit Loan Grade |
Initial S&P Property Valuations |
Final S&P Property Valuations Loan |
Initial S&P Compliance Loan Grade |
Final S&P Compliance Loan Grade |
Condition Category |
Condition Sub |
Condition Status |
Initial Securitization Condition Grade |
Final Securitization Condition Grade |
Initial S&P Condition Grade |
Final S&P Condition Grade |
Condition Code |
Condition Description |
Condition Material Indicator |
Initial Comments |
Client/ Seller Response |
Conclusion Comments |
TRID Error Type |
Cure Method |
Compensating Factors | |||||||||||||||||||||||||||||||||||||
| 217 | XXXXXX | XXXXXX | CA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | D | D | D | D | B | A | A | D | D | D | D | D | A | A | A | Property Valuations |
Appraisal | Satisfied | C | B | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW |
No | Loan is approved PIW. Clayton to order BPO. |
9.25.2026: BPO provided supports appraised value. |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer 7.17 years. | |||||||||||||||||||||||||||||||||||||
| 217 | XXXXXX | XXXXXX | CA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | D | D | D | D | B | A | A | D | D | D | D | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Loan is approved PIW. Clayton to order BPO. |
9.25.2026: BPO provided supports appraised value. |
9.25.2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been with current employer 7.17 years. | |||||||||||||||||||||||||||||||||||||
| 223 | XXXXXX | XXXXXX | LA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Compliance | Compliance Manual |
Active | B | B | B | B | CMPMAN2990 | 1003 - Final Application is not Accurate |
No | 1003 (application) shows incorrect date of birth for B1 versus ID provided. 1003: XXXXXX. ID: XXXXXX. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: No late payments reporting on credit report. Oldest reported tradeline opened 7/20/2005.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per secretary of state search, Borrower has been with current employer since 1/28/2002.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI of 38.80% is lower than max DTI allowed 45%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 734 exceeds required FICO of 620. | |||||||||||||||||||||||||||||||||||||
| 225 | XXXXXX | XXXXXX | FL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Verified 809 median FICO. Min required 620.
CFCFS1736: Significant time at current residence - Clayton Comments: B1 lived at previous residence 23.08 years. |
| Client Name: | PennyMac | |
| Client Project Name: | PNMAC PMTLT 2026-CNF9 Securitization_J17368 | |
| Conditions Report 2.0 | ||
| Loans in Report: | 31 | |
| Loans with Conditions: | 22 | |
| Deal ID |
Loan Number |
Lender Application Date |
Broker Application |
Initial Securitization Overall Loan Grade |
Final Securitization Overall Loan Grade |
Initial Securitization Loan Credit Grade |
Final Securitization Loan Credit Grade |
Initial Property Valuation |
Final Securitization Loan Property Valuations Grade |
Initial Securitization Loan Compliance Grade |
Final Securitization Loan Compliance Grade |
Initial S&P Overall Loan Grade |
Final S&P Overall Loan Grade |
Initial S&P Loan Credit Grade |
Final S&P Loan Credit Grade |
Initial S&P Loan Property Valuation Grade |
Final S&P Loan Property Valuations Grade |
Initial S&P Loan Compliance Grade |
Final S&P Loan Compliance Grade |
Did Lender Acknowledge Exception at Origination | ||||||||||||||||||||
| 232 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | No | ||||||||||||||||||||
| 72 | XXXXXX | XXXXXX | XXXXXX | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | No | ||||||||||||||||||||
| 76 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | A | C | B | D | B | A | A | D | A | C | B | Not Applicable | ||||||||||||||||||||
| 20 | XXXXXX | XXXXXX | XXXXXX | D | D | D | D | D | B | D | A | D | D | D | D | D | A | D | A | Not Applicable | ||||||||||||||||||||
| 24 | XXXXXX | XXXXXX | XXXXXX | D | D | D | D | D | B | D | C | D | D | D | D | D | A | D | C | Not Applicable | ||||||||||||||||||||
| 230 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | D | A | D | A | A | A | D | A | D | A | No | ||||||||||||||||||||
| 231 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 92 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 39 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | B | B | D | B | A | A | D | A | B | B | No | ||||||||||||||||||||
| 4 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 113 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 116 | XXXXXX | XXXXXX | XXXXXX | D | D | D | D | D | C | D | D | D | D | D | D | D | C | D | D | Not Applicable | ||||||||||||||||||||
| 123 | XXXXXX | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 124 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 133 | XXXXXX | XXXXXX | XXXXXX | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 137 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 138 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 140 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 150 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 157 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 158 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 169 | XXXXXX | XXXXXX | XXXXXX | D | D | D | D | A | A | D | D | D | D | D | D | A | A | D | D | Not Applicable | ||||||||||||||||||||
| 172 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 187 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 191 | XXXXXX | XXXXXX | XXXXXX | D | D | D | D | D | A | D | D | D | D | D | D | D | A | D | D | No | ||||||||||||||||||||
| 193 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 2 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 209 | XXXXXX | XXXXXX | XXXXXX | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 217 | XXXXXX | XXXXXX | XXXXXX | D | D | D | D | D | B | A | A | D | D | D | D | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 223 | XXXXXX | XXXXXX | XXXXXX | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Not Applicable | ||||||||||||||||||||
| 225 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |