Exhibit 99.3 Schedule 3
| Conditions Report 2.0 | ||||||||||||||||||||||||||||||||||||||
| Loans in Report: | 37 | |||||||||||||||||||||||||||||||||||||
| Loans with Conditions: | 24 | |||||||||||||||||||||||||||||||||||||
| Marketing 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 Loan Grade | Final S&P Property Valuations Loan Grade | Initial S&P Compliance Loan Grade | Final S&P Compliance Loan Grade | Condition Category | ConditionSub 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 Comments | Conclusion Comments | TRID Error Type | Cure Method | Compensating Factors | Full Diligence ID |
| 27 | XX | XX | 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 | PRVAAPPR100 | Missing Appraisal | No | Missing appraisal. | 7.10.2026 Client provided subject appraisal with value $XX dated 5.XX.2026 | Condition satisfied | (No Data) | Not Applicable | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: 17 years at current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 799 FICO exceeds guideline of 720. |
XX |
| 30 | XX | XX | SC | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2354 | Asset Verification In File is Incomplete Per Requirements | No | Missing a statement for XX #XX showing an ending balance of $750.53. | 7.21.2026 Client provided XX May XX, 2026 statement with #XX having ending balance of $750.53 | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: 799 FICO exceeds guideline of 720. CFCFS1736: Significant time at current residence - Clayton Comments: 26 years at current residence. |
XX |
| 30 | XX | XX | SC | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing documentation confirming that the new XX HELOC payment is $1,673.23. | 7.21.2026 Client provided Lender calculation used for HELOC based on draw of $68,000 with new loan HELOC balance of $111,549.21 at 6.50% rate and new payment of $1,673.23 | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: 799 FICO exceeds guideline of 720. CFCFS1736: Significant time at current residence - Clayton Comments: 26 years at current residence. |
XX |
| 34 | XX | XX | CA | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Loan doucment Uniform Underwriting and Transmittal Summary and Ability-to-Repay Underwriting Certification are missing. | 7.2.2026 Client provided copy of 1008; condition remains for ATR UW executed Certification. 7.10.2026 Client provided executed ATR UW Certification | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 777 > is above guideline minimum credit score 720. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 15 years. |
XX |
| 41 | XX | XX | CA | 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 | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3676 | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation. | No | Need evidence of change of circumstance letter or a copy of a refundable check in the amount of $83.90 for ten percent tolerance fees.The recording fees increased from $151.00 to $250.00 on the Final CD dated 06/XX/2026. | 07/06/2026 Client provided Funding PCCD 6/30 with matching Final ALTA/Settlement Statement both reflecting lower recording fee. | Condition Satisfied. | (No Data) | Not Applicable | CFCFS2854: Significant time
in profession - Clayton Comments: Significant time in profession, 11 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 751 > is above guideline minimum credit score 720. |
XX |
| 42 | XX | XX | PA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | A | Compliance | Ability to Repay/Qualified Mortgage | Satisfied | C | A | C | A | CMPATRQM2900 | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Clayton's status determination places loan in a riskier status than the Lender's status determination. | No | 7.1.2026 Client provided XX w/QM Safe harbor status determination DD Firm status is Non QM and Lender XX reflect QM Safe Harbor status determination, status differ. | 7.8.2026 Client provided XX w/ATR Type: Exempt however DD Firm status is Non QM, status differ Note: appear transaction is bank statement income. Condition remains for Non QM status, if applicable. 7.14.2026 Client provided Lender XX w/file not being QM Eligible, Non QM status | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 756 > is above guideline minimum credit score 680. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 8 years. |
XX |
| 42 | XX | XX | PA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | Missing all Loan Estimate's, the corresponding COC's, and the Service Provider List | 07/02/2026 Client provided missing LE's 3/12, 4/7. 5/6 and CD 6/15. Retesting results in a zero tolerance of $1,049.75 due to increases of Discount points to $5,250.00 (by $750.00) on CD 5/21 with no valid COC or Rate lock, Title settlement fee by $125.00, Title exam fee by $85.00, Title Notary fee by $50.00, Title courier fee by $35.00 and Title recording Service fee by $4.75. No valid reason on the COC's for increases to Settlement fees, no Service provider list and not in section C of the last LE 5/6, testing is Zero tolerance. Provide SPL, valid reason COC's for these changes for retesting or PCCD with cure, copy of cure check, LOE to Borrower and evidence of delivery via tracking. 7/9/26 Client provided a duplicates of LEs and COCs. Fees were re-tested, new condition for 10% violation was triggered and 0% violation remains due to Discount Points increased from $4500 on last LE 5/6/26 to $5250 on initial CD 5/21/26 with no COC or Rate Lock extension in file to support it. Condition is pending receiving a valid Change of Circumstances/ Rate lock extension or PCD reflecting lenders cure, LOE to borrower, a copy of refund for $750 and proof of delivery via shipping that includes tracking information.07/14/2026 Client provide a duplicate copy of CD 5/21, however no COC was provided. Also received a copy of the Service provider list. Retesting results in a Zero tolerance of $750.00 due to increases to the Discount points on CD 5/21 with no COC. Condition remains. Provide a valid reason COC for the increase or PCCD with cure, copy of cure check, LOE to Borrower and evidence of delivery via tracking. 07/16/2026 Client privided COC 5/21 reflecting lock extension and increase of points to 1.75% | Condition Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 756 > is above guideline minimum credit score 680. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 8 years. |
XX |
| 42 | XX | XX | PA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3676 | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation. | No | *** New condition triggered during stip clearing process***Title fees were re-tested as worst case scenario for 10% violation due to SPL was not provided (title fees started on remained in C. section on all LEs, any addition or increase in title fees are tested for 10% tolerance). 10% violation in the amount of $261.05 due to added or increased Title fees with no valid COCs to support it. Condition is pending receiving PCD reflecting lenders cure, LOE to borrower, a copy of refund and proof of delivery via shipping that includes tracking information. | 07/14/2026 Client provided the Service Provider list dated 3/XX, retested with no violation. | Condition Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 756 > is above guideline minimum credit score 680. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 8 years. |
XX |
| 42 | XX | XX | PA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | D | A | D | A | CMPTRID3494 | TRID - Loan Estimate Missing | No | Missing all Loan Estimate's, the corresponding COC's, and the Service Provider List | 07/02/2026 Client provided missing LE's 3/12, 4/7. 5/6 and CD 6/XX. | Condition Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 756 > is above guideline minimum credit score 680. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 8 years. |
XX |
| 42 | XX | XX | PA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | 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 | Lender did not provide an ATR/QM status determination. | 7.1.2026 Client provided XX w/QM Safe harbor status determination | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 756 > is above guideline minimum credit score 680. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 8 years. |
XX |
| 42 | XX | XX | PA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Missing the required disclosues of Ability-to-Repay Underwriting Certification, Notice to Borrower: Ability to Repay Disclosure and Borrowers Affirmation of Information provided to Establish ATR. | 7.1.2026 Lender provided their Disclosure regarding ability to repay and executed affidavit of Borrowers regarding ATR however missing Client executed required disclosures, disclosures provided are Lender however missing the Client executed disclosure. Condition remains for executed Client three (3) disclosures: (a). Ability-to-Repay Underwriting Certification and (b). Notice to Borrower: Ability to Repay Disclosure and (c). Borrowers Affirmation of Information provided to Establish ATR.7.22.2026 Client provided executed by Borrower Notice to Borrower and Borrower's affirmation of info; condition remains for missing executed ATR Underwriting Certification 7/23 Client provided the ATR cert | Satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 756 > is above guideline minimum credit score 680. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 8 years. |
XX |
| 47 | XX | XX | SC | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2354 | Asset Verification In File is Incomplete Per Requirements | No | Missing the XX 401k terms of withdrawal. | 7.8.2026 Client provided XX IRA terms of withdrawal | Condition satisfied | (No Data) | Not Applicable | CFCFS1744: DTI below
guideline requirement - Clayton Comments: 27.12 DTI below guideline of 47. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 783 FICO exceeds guideline of 740. |
XX |
| 48 | XX | XX | 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 | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 782 > is above guideline minimum credit score 720. CFCFS2854: Significant time in profession - Clayton Comments: Significant time in profession, 32 years. |
XX | |||||||||||||||
| 52 | XX | XX | CA | 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 | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER146 | Missing lender's loan approval/underwriting form | No | Missing documents Form 1084 Cash Flow Analysis or Form 91 Freddie Mac Income Analysis or or equivalent must have been completed. | 7/22 Client provided 1084 | Satisfied | (No Data) | Not Applicable | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: Borrower has significant time at current job, 28 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV: 49.03% is 30.97 points below the program guideline maximum 80%. |
XX |
| 65 | XX | XX | CA | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | B | C | A | A | A | B | B | C | B | C | A | A | A | B | B | Compliance | Right of Rescission | Satisfied | B | B | B | B | CMPROR117 | ROR - Expiration date on form prior to end of rescission period | No | ROR is signed by the borrower on 06/XX/2026 with an expiration date of 06/XX/2026. 06/XX/2026 is a Federal Holiday. Expiration date on the form is prior to end of rescission period | 06/29/2026 Client provided a collaborate comment: After reviewing the ROR documents, we acknowledge the incorrect expiration date. Because Friday, June XX, 2026, was Federal holiday. The 3-day ROR period extended to Saturday. We are preparing to issue a corrected ROR to the borrower to cure the defect. Please confirm that if we update the expiration date on the corrected form to Midnight of Saturday, June 20, 2026, and have the borrower re-sign, this condition will be cleared for purchase. Condition remains for new rescission period. Provide all title holders with a new right to cancel, expiration dated 3 days from the date they receive the document and evidence of the date of receipt. 06/XX/2026 Client requested a review: We want to confirm if the following delivery and documentation method meets your purchasing requirements: Electronic Delivery: We will email the corrected Notice of Right to Cancel directly to all title holders. Borrower Execution: The borrowers will sign and date the document to confirm the exact date of receipt and return a copy to us. Evidence Packet: Upon completion, we will provide you with the fully executed, corrected ROR along with the email transmission/delivery receipt to verify the exact date it was received by the borrowers. Please let us know if this electronic method and the resulting documentation packet are acceptable. Yes, emailing to all title holders for signature, evidence of receipt and expiration dated 3 days after signature will be acceptable. 07/XX/2026 Client provided a collaborate comment: We are unable to provide proof of electronic receipt for the updated Notice of Rescission. Per the processor, she contacted the borrower by phone, and the borrower returned to the office to sign the updated Notice of Rescission in person. Therefore, no electronic receipt is available. Would a Processor Certification be acceptable in lieu of proof of electronic receipt to document the circumstances? Please let us know. Condition remains for the wet signature ROR mentioned, reflecting an expiration date 3 days after the signature date for re-review. Additional conditions may apply. 07/XX/2026 Client provided re-opened H8 wet signed on 7/1 and expiration date midnight of 7/6. Condition remains for end of rescission period. 07/XX/2026 End of Rescission period. | Condition Satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below
guideline requirement - Clayton Comments: DTI at 28.60% below guideline requirement of 45% CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence of 27 years |
XX |
| 65 | XX | XX | CA | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | B | C | A | A | A | B | B | C | B | C | A | A | A | B | B | 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 | Provide the lender's QM determination | 6/26 Client provided QM SH APOR | Satisfied | (No Data) | Not Applicable | CFCFS1744: DTI below
guideline requirement - Clayton Comments: DTI at 28.60% below guideline requirement of 45% CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence of 27 years |
XX |
| 69 | XX | XX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP4625 | The orig file does not contain a third party fraud report | No | File is missing 3rd party fraud report. | 7.1.2026 Client provided subject 3rd party fraud report | Condition satisfied | Not Applicable | Not Applicable | CFCFS2854: Significant time
in profession - Clayton Comments: Significant time in profession, 12 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post Close Assets are $77,847.39 or 27.00 months of PITIA. Reserves required for Loan amount 3 months + First Time Homebuyers (FTHB) 3 months = (6 months) x $2,883.20 = $17,299.20. |
XX |
| 73 | XX | XX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR289 | Insufficient Hazard Insurance Coverage | No | Dwelling coverage amount of $XX does not meet the required coverage amount of $XX. The project master insurance policy shows building coverage of $XX divided by 32 units = $XX per unit. | 7.9.2026 Client provided duplicate Master Condo HOI policy with 100% Replacement Coast | Condition satisfied | (No Data) | Not Applicable | CFCFS1744: DTI below
guideline requirement - Clayton Comments: 29.90 DTI below guideline of 45. CFCFS1734: Borrower has significant time at current job - Clayton Comments: 21 years at current job. |
XX |
| 76 | XX | XX | 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 | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | The file is missing the ATR Cert completed by the underwriter | 7.8.2026 Client provided executed ATR UW Certification (executed by the UW on file) | Condition satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time
at current residence - Clayton Comments: Borrower has 20 years at current residence CFCFS2854: Significant time in profession - Clayton Comments: Borrower has 26 years in current profession |
XX |
| 79 | XX | XX | UT | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2854: Significant time
in profession - Clayton Comments: Significant time in profession, 5 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 792 > is above guideline minimum credit score 720. |
XX | |||||||||||||||
| 85 | XX | XX | WA | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | A | C | A | D | A | A | A | D | A | C | A | D | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Missing loan documents 4506-C for B2, Ability-to-Repay Underwriting Certification, Notice to Borrower: Ability to Repay Disclosure and Borrowers Affirmation of Information provided to Establish ATR. | 7.1.2026 Client provided executed 4506C for B2; condition remains for additional requested three (3) disclosures. 7/16 Client provided the signed ATR Cert; condition remains for Notice to Borrower: Ability to Repay Disclosure and Borrowers Affirmation of Information provided to Establish ATR. 7.16.2026 Client provided executed additional two (2) disclosures: Notice to Borrower and Borrowers Affirmation of info | Condition satisfied | (No Data) | Not Applicable | CFCFS1735: Co-Borrower has
significant time at current job - Clayton Comments: Co-Borrower has significant time at current job, 11 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 741 > is above guideline minimum credit score 720. |
XX |
| 85 | XX | XX | WA | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | A | C | A | D | A | A | A | D | A | C | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing secondary valuation to support appraised value from one of the companies listed: Collateral Desktop Analysis (CDA) from XX, Appraisal Risk Review (ARR) from XX, or XX from XX. | 7.7.2026 Client provided LOX stating, Is the secondary valuation requirement an overlay? This is a Fannie Mae cash out loan, which would not require any sort of secondary valuation. Response, file was reviewed to XX guidelines, and under Appraisal requirements there also state: Secondary Valuation Requirement, one of the following is required as a secondary valuation to the appraisal to support the value, and is listed in the initial condition the three (3) acceptable secondary valuation that is allowed. Initial condition remains 7.XX.2026 Client provided Post close dated 7.XX.2026 3rd party CDA valuation supporting valueNote: prior to closing 3rd party is required however Client provided email allowing to accept post close dated 3rd party valuation for this file | Condition satisfied | (No Data) | Not Applicable | CFCFS1735: Co-Borrower has
significant time at current job - Clayton Comments: Co-Borrower has significant time at current job, 11 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 741 > is above guideline minimum credit score 720. |
XX |
| 88 | XX | XX | CO | 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: Borrowers have no late payments on the mortgage history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have excess reserves |
XX | |||||||||||||||
| 92 | XX | XX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: 20.5 years current job time CFCFS2854: Significant time in profession - Clayton Comments: 25 years in same line of work/profession |
XX | |||||||||||||||
| 94 | XX | XX | TX | 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 | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3772 | TRID - Error #10 discovered on Loan Estimate | No | Missing Revised LE dated 06/XX/2026 per Disclosure Tracking Details on page 665 | 07/20/2026 client provided the missing LE 6/10. | Condition Satisfied. | (No Data) | Not Applicable | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: 7.6 years current job time CFCFS5269: Minimal use of credit - Clayton Comments: 7.00% revolving credit utilization |
XX |
| 97 | XX | XX | CA | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP4625 | The orig file does not contain a third party fraud report | No | Missing 3rd. party Fraud Report | 7.14.2026 Client provided 3rd party ADV fraud report | Condition satisfied | Not Applicable | Not Applicable | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: 10.5 years current job time |
XX |
| 97 | XX | XX | CA | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR2400 | Missing Flood Certification Document | No | Missing Flood Cert. | 7.14.2026 Client provided flood certificate document, flood zone X | Condition satisfied | (No Data) | Not Applicable | CFCFS1734: Borrower has
significant time at current job - Clayton Comments: 10.5 years current job time |
XX |
| 109 | XX | XX | VT | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below
guideline requirement - Clayton Comments: 41.40 DTI below guideline of 50. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 784 FICO exceeds guideline of 640. |
XX | |||||||||||||||
| 113 | XX | XX | AZ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Actual 18 months vs required of 5 months. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 30.86 is less than the max of 45. |
XX | |||||||||||||||
| 123 | XX | XX | AZ | QM: Safe Harbor (APOR) | ATR Risk: Non-QM - Lender did not document all ATR UW factors | 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 | Provide the lender's QM determination | 6/22 Client provided the QM determination | Satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV at 75% below guideline requirements of 90% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 94 months exceeds guidelines of 12 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI at 11.38% below guideline requirement of 50% |
XX |
| 123 | XX | XX | AZ | QM: Safe Harbor (APOR) | ATR Risk: Non-QM - Lender did not document all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Provide the executed Borrower's Affirmations and the ATR Disclosures | 07/10/2026- Client provided executed Borrower's Affirmations and the ATR Disclosures. | 07/10/2026- Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below
guideline requirements - Clayton Comments: LTV at 75% below guideline requirements of 90% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 94 months exceeds guidelines of 12 months CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI at 11.38% below guideline requirement of 50% |
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| 125 | XX | XX | 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 | CFCFS3834: Borrower does
not have any major mortgage related occurrences during the past two years - Clayton Comments: Borrowers have no late payments on the mortgage history CFCFS1737: LTV below guideline requirements - Clayton Comments: The total LTV is 46% |
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| 132 | XX | XX | AZ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 778 > is above guideline minimum credit score 720. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV: 57.33% is 17.67 points below the program guideline maximum 75%. |
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| 133 | XX | XX | SC | QM: Rebuttable Presumption (APOR) | QM: Safe Harbor (APOR) | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Property | Satisfied | D | A | D | A | PRVAPROP132 | Missing HOA Certificate/Questionnaire | No | Missing condo questionnaire or condo approval | 7.21.2026 Client provided executed complete copy of Condo questionnaire | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: 685 FICO exceeds guideline of 680. CFCFS1744: DTI below guideline requirement - Clayton Comments: 25.22 DTI below guideline of 50. |
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| 134 | XX | XX | FL | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP4625 | The orig file does not contain a third party fraud report | No | Missing third party fraud report. | 7.2.2026 Client provided third party fraud report | Condition satisfied | Not Applicable | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 780 > is above guideline minimum credit score 720. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has significant time at current job, 11 years. |
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| 134 | XX | XX | FL | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR3278 | Hazard Insurance documentation in file is incomplete | No | Mising the HO-6 hazard insurance for the iindiviusal unit the interior "walls-in" structure. | 7.2.2026 Client provided HO6 hazard insurance policy | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 780 > is above guideline minimum credit score 720. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has significant time at current job, 11 years. |
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| 134 | XX | XX | FL | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Missing loan documents Ability-to-Repay Underwriting Certification, Notice to Borrower: Ability to Repay Disclosure and Borrowers Affirmation of Information provided to Establish ATR. | 7.7.2026 Client provided some documents however nothing pertaining to initial condition and appears to be for different file. Initial condition remains 7.8.2026 Client provided executed ATR UW Certification and executed Borrowers Affirmation of Info and executed Notice to Borrower ATR Disclosure | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 780 > is above guideline minimum credit score 720. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has significant time at current job, 11 years. |
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| 140 | XX | XX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Post closing assets $230335.04 / 30.86 months PITIA > min required of $20,561.38. CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines at 1.51% . CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 763 mid score > min required of 720. |
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| 141 | XX | XX | MN | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | B | A | D | A | D | A | A | A | B | A | Compliance | Repayment Ability | Satisfied | B | A | B | A | CMPSTRA1497 | File does not contain a repayment ability worksheet | No | Missing repayment ability worksheet. | 7.20.2026 Client provided LOX stating, ATR is not required on a DSCR loan as this is a business purpose loan. Response, 1008 provided acceptable | Condition satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Post Close Assets are $122,230.61 or 22.33 months of PITIA. Reserves required for Loan amount (6) x $5,474.22 = $32,845.32. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 811 > is above guideline minimum credit score 720. |
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| 141 | XX | XX | MN | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | B | A | D | A | D | A | A | A | B | A | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER146 | Missing lender's loan approval/underwriting form | No | Missing lender's loan approval/underwriting form or 1008. | 7.14.2026 Client provided Lender 1008 | Condition satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Post Close Assets are $122,230.61 or 22.33 months of PITIA. Reserves required for Loan amount (6) x $5,474.22 = $32,845.32. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 811 > is above guideline minimum credit score 720. |
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| 147 | XX | XX | 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 | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Loan is missing the UCD findings report. | 7.20.2026 Client provided copy of UCDP | Condition satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 807 > is above guideline minimum credit score 720. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI: 29.76% is 20.24 points below the program guideline maximum 50%. |
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| 151 | XX | XX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: Median FICO 789 > is above guideline minimum credit score 720. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has significant time at current job, 19 years. |
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| 153 | XX | XX | TN | QM: Rebuttable Presumption (APOR) | QM: Rebuttable Presumption (APOR) | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2854: Significant time
in profession - Clayton Comments: 20.2 years in same line of work/profession CFCFS5269: Minimal use of credit - Clayton Comments: 0.00% revolving credit utilization |
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| 158 | XX | XX | AZ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time
at current residence - Clayton Comments: 16 years current residence time CFCFS5269: Minimal use of credit - Clayton Comments: 2.00% revolving credit utilization |
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| 159 | XX | XX | NJ | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Missing loan document of Ability-to-Repay Underwriting Certification. | 7.22.2026 Client provided executed copy of ATR UW Certification | Condition satisfied | (No Data) | Not Applicable | CFCFS2854: Significant time
in profession - Clayton Comments: Significant time in profession, 15 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median FICO 773 > is above guideline minimum credit score 720. |
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| 160 | XX | XX | UT | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score
exceeds guidelines - Clayton Comments: 766 FICO exceeds guideline of 720. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0x30x71 mortgage payment history exceeds guideline of 0x30x12. |
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| 705 | XX | XX | WA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | B | B | A | A | D | A | D | B | B | B | A | A | D | A | Compliance | Compliance Manual | Satisfied | D | A | D | A | CMPMAN2956 | Missing disclosure | No | Documentation of Changes Circumstances dated 6/9/22, 8/XX/22 & 8/XX/22 found in file, but missing Revised LE 6/9/22, CD 8/XX/22 & CD 8/XX/22 to reflect the changes. Condition is pending receiving revised LE & CD. | 9/16/2022: Client provided LE 6/9, CD 8/XX, CD 8/XX and final CD 8/XX. | 9/16/2022: Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Assets are $36,181.01 or 7.15 months PITIRequired reserves are 3 months PITI at $5062.62x3= $15,187.86 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is > 10 points above guideline maximum of 720 |
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| 705 | XX | XX | WA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | B | B | A | A | D | A | D | B | B | B | A | A | D | A | Compliance | Right of Rescission | Satisfied | C | A | C | A | CMPROR2330 | ROR - Disbursement date is before end of statutory rescission period | No | Missing XX CD, unable to determine correct disbursement date | 9/16/2022: Client provided final CD 8/XX/2022. Disbursement date is after statutory rescission period. | 9/16/2022: Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Assets are $36,181.01 or 7.15 months PITIRequired reserves are 3 months PITI at $5062.62x3= $15,187.86 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is > 10 points above guideline maximum of 720 |
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| 705 | XX | XX | WA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | B | B | A | A | D | A | D | B | B | B | A | A | D | A | Credit | Terms/Guidelines | Active | B | B | B | B | CRDTER4238 | Business entity does not meet guidelines | No | Lender exception for Borrower is 33% owner of LLC vested since 5/2/18, allow for borrowers time vested with LLC towards 6 months seasoning requirement without being the majority owner of LLC. Considered as non-material. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Assets are $36,181.01 or 7.15 months PITIRequired reserves are 3 months PITI at $5062.62x3= $15,187.86 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is > 10 points above guideline maximum of 720 |
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| 716 | XX | XX | MI | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | A | A | A | A | CMPTRID5293 | TRID Not all required seller-paid fees were disclosed on the CD | No | Seller fees reflected on Seller CD but not in section H of borrower Final CD. As fees are at least shown this is not a material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A. | (No Data) | Satisfied. | Numeric | Not Applicable | CFCFS1744: DTI below
guideline requirement - Clayton Comments: DTI of 36% is below max DTI of 50%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 10 years. |
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| 813 | XX | XX | OH | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Active | B | B | B | B | CRDTER3122 | Loan documents do not meet guideline requirements | No | Lender exception relating to guidelines require max CU score of 3.5%. CU score in file 4.0%. Considered as non-material. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Verified cash reserves $157,390 exceed guidelines $89,150. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower mid score of 760 exceeds min score requirement of 680. |
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| Dropped | XX | XX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | Zero Tolerance Fee of $400.80 due to Desk Appraisal Review and Discount Points increased from LE to CD. Missing a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower. | 7.5.22 Client provided COC. Exception satisfied. | 7.5.22 Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Borrowers Post Close Assets: $16,199.01 Reserve requirement: $8,400.00 CFCFS1744: DTI below guideline requirement - Clayton Comments: Calc DTI- 40.05%; Program max- 50% |
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| Dropped | XX | XX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3676 | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation. | No | Need evidence of change of circumstances letter for Ten Percent tolerance, Recording Fee increase, or a copy of a refund check in the amount of $3.40. | 7.5.22 Client provided COC. Exception satisfied. | 7.5.22 Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash
reserves exceed guidelines - Clayton Comments: Borrowers Post Close Assets: $16,199.01 Reserve requirement: $8,400.00 CFCFS1744: DTI below guideline requirement - Clayton Comments: Calc DTI- 40.05%; Program max- 50% |
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