MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM12 ABS-15G
Exhibit 99.6 - Schedule 2
| Loan Number | Loan ID | Finding # | Last Name | Note Date | Audit Category | Audit Issue | Finding ID | Exception Finding | Remediation Status | Responsible Party | Exception Rebuttal | Exception Response | Status Comment | Compensating Factors | Initial Findings Grade | Final Findings Grade | Initial Loan Grade | Final Loan Grade |
| XXXX | 10194323 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10194323 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10194323 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10194300 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10194300 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10194300 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10194265 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10194265 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10194265 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10226638 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10226638 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10226638 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10194272 | 1 of 3 | XXXX | XXXX | Compliance | HUD1 - Incomplete | XXXX | The settlement statement is either incomplete or incorrect. The only statement provided was the Loan Estimated which is not the final closing fees, please provided a final HUD or Closing Disclosure. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Signed HUD provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | ||
| XXXX | 10194272 | 2 of 3 | XXXX | XXXX | Credit | DSCR - Missing HUD | XXXX | Missing HUD as required. The only statement provided was the Loan Estimated which is not the final closing fees, please provided a final HUD or Closing Disclosure. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Signed HUD provided |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 10194272 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA dated XX/XX/XXXX which supports the appraised value | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 10194278 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10194278 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10194278 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10226645 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 10226645 | 2 of 3 | XXXX | XXXX | Credit | Income - Other | XXXX | The Executive Approval indicates XXXX and XXXX were used for approval of STR Rents in the amount of $XXXX. The loan file is missing both the XXXX and XXXX. | Resolved | Not Applicable | Rebuttal 1 (XX/XX/XXXX XX:XXPM) STR Rent Form attached. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | ||
| XXXX | 10226645 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA which supports the opinion of value in the origination appraisal report. | Not Applicable | 1 | 1 | 3 | 1 | |||||
| XXXX | 10226669 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10226669 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10226669 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA which supports the opinion of value in the origination appraisal report. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10226661 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10226661 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | 10226661 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 |