EXHIBIT 99.2
CLAYTON CONDITIONS REPORT
| Client Name: | PennyMac | |
| Client Project Name: | PNMAC PMTLT 2026-CNF10 Securitization_J17543 | |
| Conditions Report 2.0 | ||
| Loans in Report: | 49 | |
| Loans with Conditions: | 34 | |
| 22 - Total Active Conditions | ||||||
| 11 - Material Conditions | ||||||
| 8 - Credit Review Scope | ||||||
| 1 - Category: Ability to Repay/Qualified Mortgage | ||||||
| 3 - Category: Assets | ||||||
| 1 - Category: Credit/Mtg History | ||||||
| 1 - Category: DTI | ||||||
| 1 - Category: Insurance | ||||||
| 1 - Category: Legal Documents | ||||||
| 3 - Compliance Review Scope | ||||||
| 3 - Category: TILA/RESPA Integrated Disclosure | ||||||
| 11 - Non-Material Conditions | ||||||
| 1 - Credit Review Scope | ||||||
| 1 - Category: Credit/Mtg History | ||||||
| 10 - Compliance Review Scope | ||||||
| 2 - Category: Borrower’s Interest | ||||||
| 8 - Category: RESPA | ||||||
| 63 - Total Satisfied Conditions | ||||||
| 13 - Credit Review Scope | ||||||
| 3 - Category: Ability to Repay/Qualified Mortgage | ||||||
| 2 - Category: Assets | ||||||
| 2 - Category: Credit/Mtg History | ||||||
| 2 - Category: Income/Employment | ||||||
| 1 - Category: Insurance | ||||||
| 1 - Category: Legal Documents | ||||||
| 1 - Category: Terms/Guidelines | ||||||
| 1 - Category: Title | ||||||
| 40 - Property Valuations Review Scope | ||||||
| 40 - Category: Appraisal | ||||||
| 10 - Compliance Review Scope | ||||||
| 6 - Category: Ability to Repay/Qualified Mortgage | ||||||
| 1 - Category: Finance Charge Tolerance | ||||||
| 1 - Category: Texas Home Equity | ||||||
| 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-CNF10 Securitization_J17543 | |
| Conditions Report 2.0 | ||
| Loans in Report: | 49 | |
| Loans with Conditions: | 34 | |
| 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 | |||||||||||||||||||||||||||||||||||||
| 4 | XXXXXX | XXXXXX | FL | 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 | Provide lender QM determination. |
10/13/2026: Received SH determination. |
10/13/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 769, guidelines require 620.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 28.28%, Guidelines allow 45%. | |||||||||||||||||||||||||||||||||||||
| 6 | XXXXXX | XXXXXX | NC | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 817 mid score > min required of 680 | |||||||||||||||||||||||||||||||||||||
| 6 | XXXXXX | XXXXXX | NC | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 817 mid score > min required of 680 | |||||||||||||||||||||||||||||||||||||
| 7 | XXXXXX | XXXXXX | VA | 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: Representative credit score 800, guidelines require 620. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 10 | XXXXXX | XXXXXX | GA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | C | A | D | A | C | A | D | A | C | A | D | A | C | A | Compliance | Ability to Repay/ Qualified Mortgage |
Satisfied | C | A | C | A | CMPATRQM2904 | TILA — Loan subject to Ability to Repay/ Qualified Mortgage rule; is not a Qualified Mortgage. |
No | Provide the Compliance Report for this loan. Fees verified 4.251% exceeding 3% max allowed:Adjusted Charges$14,962.73Total Loan Amount$XXXMaximum Charges %3.000%Maximum Charges$10,560.72Charges Margin to Threshold$4,402.01Total Charges % 4.251%Exceeds fees test threshold?Yes |
10/13/2026: Received Compliance Report. Undiscounted Rate 6.5%, verified Bonafide fee. Loan is now SH. |
10/13/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower 1 has 16 years 4 months on Job.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 781, Guidelines require 620.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 24.08%, guidelines allow 45%. | |||||||||||||||||||||||||||||||||||||
| 10 | XXXXXX | XXXXXX | GA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | C | A | D | A | C | A | D | A | C | A | D | A | C | 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 lenders QM status. | 10/13/2026: Received SH determination. |
10/13/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower 1 has 16 years 4 months on Job.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 781, Guidelines require 620.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 24.08%, guidelines allow 45%. | |||||||||||||||||||||||||||||||||||||
| 10 | XXXXXX | XXXXXX | GA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | C | A | D | A | C | A | D | A | C | A | D | A | C | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | LCA returned no score (new construction). XXXXXX to order Desk Review. |
10/7/2026: Received CDA supporting value. |
10/7/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower 1 has 16 years 4 months on Job.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 781, Guidelines require 620.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 24.08%, guidelines allow 45%. |
| 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 | |||||||||||||||||||||||||||||||||||||
| 771 | XXXXXX | XXXXXX | WA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | C | A | A | A | A | C | C | C | C | A | A | A | A | C | C | Compliance | TILA/ RESPA Integrated Disclosure |
Active | C | C | C | C | 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 |
Yes | Missing evidence of change of circumstances letter for the Appraisal Fee increase between the LE XXX and the PCCD 6/25/2026 a difference of $300.00 or a copy of the refundable check for zero tolerance fee. |
(No Data) | (No Data) | Numeric | Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 751 mid score > min required of 680 | |||||||||||||||||||||||||||||||||||||
| 29 | XXXXXX | XXXXXX | WI | 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: 767 mid score > min required of 620
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $38,374.18/8.25 PITIA (all REO financed)> min required 0.00
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 0.00% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 80%; guidelines allow 97%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have74 months mortgage payment history 0x30. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 112 months. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 38 | XXXXXX | XXXXXX | NJ | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 777 mid score > min required of 620 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 49 | 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 | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 779, guidelines require 620.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI 29.21% below guidelines 45%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 55 | XXXXXX | XXXXXX | TN | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 31.55% is below guideline maximum 50%.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 42.88%; guidelines allow 97%.
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have134 months mortgage payment history 0x30. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 16 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 754 mid score > min required of 620 CFCFS1736: Significant time at current residence - Clayton Comments: 10 years at primary residence CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 0.00% CFCFS1734: Borrower has significant time at current job - Clayton Comments: 16+ years at present job CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $128,930.52/49.33 PITIA)> min required 0.00 | |||||||||||||||||||||||||||||||||||||
| 55 | XXXXXX | XXXXXX | TN | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 31.55% is below guideline maximum 50%.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 42.88%; guidelines allow 97%.
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have134 months mortgage payment history 0x30. CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 16 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 754 mid score > min required of 620 CFCFS1736: Significant time at current residence - Clayton Comments: 10 years at primary residence CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 0.00% CFCFS1734: Borrower has significant time at current job - Clayton Comments: 16+ years at present job CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $128,930.52/49.33 PITIA)> min required 0.00 |
| 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 | |||||||||||||||||||||||||||||||||||||
| 58 | XXXXXX | XXXXXX | NJ | 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, XXXXXX to order BPO. |
10/9/2026: received BPO supporting value. |
10/9/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per VVOE, Borrower has been with current employer since 3/23/1994.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $329,231.74 or 127.08 months PITIA. Required PITIA reserves are $15,342.98.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV/CLTV of 58% is less than max allowed 80%. | |||||||||||||||||||||||||||||||||||||
| 58 | XXXXXX | XXXXXX | NJ | 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, XXXXXX to order BPO. |
10/9/2026: received BPO supporting value. |
10/9/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per VVOE, Borrower has been with current employer since 3/23/1994.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $329,231.74 or 127.08 months PITIA. Required PITIA reserves are $15,342.98.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV/CLTV of 58% is less than max allowed 80%. | |||||||||||||||||||||||||||||||||||||
| 62 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | B | D | A | D | A | D | A | D | A | D | A | Compliance | Ability to Repay/ Qualified Mortgage |
Satisfied | D | A | D | A | 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. |
No | Missing 2024 1040 or EOY statement to compute Dividend income as required by AUS. |
10/13/2026: Received 2025/2024 1040s and XXXXXX stmnt — verifying income and continuance. |
10/13/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 802.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are $8,414,493.57 or 2354.32 months | |||||||||||||||||||||||||||||||||||||
| 62 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | B | D | A | D | A | D | A | D | A | D | A | Credit | Income/ Employment |
Satisfied | D | A | D | A | CRDINC2408 | Income verification does not meet guidelines |
No | Missing 2024 1040 or EOY statement to compute Dividend income as required by AUS. |
10/13/2026: Received 2025/2024 1040s and XXXXXX stmnt — verifying income and continuance. |
10/13/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 802.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are $8,414,493.57 or 2354.32 months | |||||||||||||||||||||||||||||||||||||
| 62 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | B | D | A | D | A | D | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 802.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are $8,414,493.57 or 2354.32 months | |||||||||||||||||||||||||||||||||||||
| 62 | XXXXXX | XXXXXX | IL | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | B | D | A | D | A | D | A | D | A | D | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Loan is PIW approved, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 802.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are $8,414,493.57 or 2354.32 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 | |||||||||||||||||||||||||||||||||||||
| 81 | 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 | CFCFS2854: Significant time in profession - Clayton Comments: Co-Borrower has been in same profession for 10 years.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 773, Guidelines require 620. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 85 | XXXXXX | XXXXXX | NJ | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 812 mid score > min required of 680. | |||||||||||||||||||||||||||||||||||||
| 85 | XXXXXX | XXXXXX | NJ | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 812 mid score > min required of 680. | |||||||||||||||||||||||||||||||||||||
| 91 | XXXXXX | XXXXXX | UT | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $564,900.73 or 133.607 months PITIA. Required PITIA reserves are $0, per AUS.
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per WVOE/ VVOE, Borrower has been with current employer since 11/30/2018 and 5/22/2020.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 795 exceeds required FICO of 620. | |||||||||||||||||||||||||||||||||||||
| 91 | XXXXXX | XXXXXX | UT | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $564,900.73 or 133.607 months PITIA. Required PITIA reserves are $0, per AUS.
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per WVOE/ VVOE, Borrower has been with current employer since 11/30/2018 and 5/22/2020.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 795 exceeds required FICO of 620. | |||||||||||||||||||||||||||||||||||||
| 772 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | C | C | C | A | A | A | A | C | C | C | C | A | A | A | A | Credit | Assets | Active | C | C | C | C | CRDAST3036 | Assets reflect unsourced deposits |
Yes | $100,000 on 7/20/26 to XXXXXX 21-1-8. Came from XXXXXX owned by non- borrowers. No gift letter in file. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 802 exceeds required FICO of 620.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $86,236.90 or 25.802 months PITIA. Required PITIA reserves are $0 per AUS. |
| 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 | |||||||||||||||||||||||||||||||||||||
| 772 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | C | C | C | A | A | A | A | C | C | C | C | A | A | A | A | Credit | Terms/ Guidelines |
Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements |
No | Inquiries not addressed on credit report: XXXXXX 7/13/26. |
10/15/2026: Received 10/13/2026 credit update showing no new debt other than new loan. |
10/15/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 802 exceeds required FICO of 620.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $86,236.90 or 25.802 months PITIA. Required PITIA reserves are $0 per AUS. | |||||||||||||||||||||||||||||||||||||
| 95 | XXXXXX | XXXXXX | MI | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @2.00%
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 15.97% is below guideline maximum 50%.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $63,472.99/26.20 months of PITIA > min required $429.00 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 798 mid score > min required of 620 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 129 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 80%; guidelines allow 97%. | |||||||||||||||||||||||||||||||||||||
| 95 | XXXXXX | XXXXXX | MI | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @2.00%
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 15.97% is below guideline maximum 50%.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $63,472.99/26.20 months of PITIA > min required $429.00 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 798 mid score > min required of 620 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 129 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 80%; guidelines allow 97%. | |||||||||||||||||||||||||||||||||||||
| 776 | XXXXXX | XXXXXX | CA | 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 | Ability to Repay/ Qualified Mortgage |
Satisfied | D | A | D | A | 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. |
No | Missing credit report for B1. Missing evidence car payment reporting on B2’s credit should not be counted in debt ratio. |
10/13/2026: Received credit report for B1. |
10/13/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 698 exceeds required FICO of 620.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per secretary of state search, Borrower has been with current employer since May 2007.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $82,315.06 or 16.70 months PITIA. Required PITIA reserves are $0 per AUS. | |||||||||||||||||||||||||||||||||||||
| 776 | XXXXXX | XXXXXX | CA | 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 | Assets | Active | C | C | C | C | CRDAST3036 | Assets reflect unsourced deposits |
Yes | XXXXXX, $155,955.51 (5/21/26) |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 698 exceeds required FICO of 620.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per secretary of state search, Borrower has been with current employer since May 2007.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $82,315.06 or 16.70 months PITIA. Required PITIA reserves are $0 per AUS. | |||||||||||||||||||||||||||||||||||||
| 776 | XXXXXX | XXXXXX | CA | 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 | Credit/ Mtg History |
Active | B | B | B | B | CRDCRMH193 | Length of mortgage/ rental history in file does not meet guideline requirement |
No | B3 residential payment is missing. Per letter of explanation, parks his RV and rents a spot for $1,650/mo. Per DU approval, section 14, require 6 months bank statements to validate cost of rental. Only one month payment reports on XXXXXX bank statements. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 698 exceeds required FICO of 620.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per secretary of state search, Borrower has been with current employer since May 2007.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $82,315.06 or 16.70 months PITIA. Required PITIA reserves are $0 per AUS. |
| 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 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 | |||||||||||||||||||||||||||||||||||||
| 776 | XXXXXX | XXXXXX | CA | 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 | Credit/Mtg History |
Active | C | C | C | C | CRDCRMH1805 | Debts/ obligations not disclosed/ accounted for at origination |
Yes | 1. B2 notes they are divorced (LOX XXXXXX) but no divorce decree provided. 2. B3 1003 notes a tradeline for XXXXXX with payment of $10, but no documentation. Letter of explanation for inquiries states they did not open new credit.3. B1 has recurring payments to XXXXXX for $330 (6/4/26, 5/14/26) not reporting on 1003, but is noted to belong to B1 per Separation Agreement (page 636 of PDF). |
10/15/2026: Received credit update. XXXXXX new credit opened, $0 balance.10/16/2026: Item #1 removed. Complete Separation Agreement is in the file. Lender LOX indicates a post close credit report may add insight. |
10/15/2026: Exception remains for Item #1, #3.10/16/2026: Exception remains for Item #3. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 698 exceeds required FICO of 620.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per secretary of state search, Borrower has been with current employer since May 2007.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $82,315.06 or 16.70 months PITIA. Required PITIA reserves are $0 per AUS. | |||||||||||||||||||||||||||||||||||||
| 776 | XXXXXX | XXXXXX | CA | 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 | Credit/Mtg History |
Satisfied | D | A | D | A | CRDCRMH2544 | Missing credit report used in the AUS analysis |
No | Credit report for B1 not provided in file. #XXX per DU Findings. |
10/13/2026: Received credit report for B1. |
10/13/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 698 exceeds required FICO of 620.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per secretary of state search, Borrower has been with current employer since May 2007.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $82,315.06 or 16.70 months PITIA. Required PITIA reserves are $0 per AUS. | |||||||||||||||||||||||||||||||||||||
| 776 | XXXXXX | XXXXXX | CA | 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 | DTI | Active | C | C | C | C | CRDDTI187 | Debt Ratio > 50% |
Yes | Lender did not count XXXXXX in debt ratio, but no documentation was provided to validate not paid by borrower or paid and closed. |
10/16/2026: Received LOX that business pays debt. In order to omit payment, 12 months proof paid by business is required. LOX indicates 12 months business statements are in the PDF for XXXXXX. Clayton paged through all 3416 pages and they are not present. |
10/16/2026: Exception remains. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 698 exceeds required FICO of 620.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per secretary of state search, Borrower has been with current employer since May 2007.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $82,315.06 or 16.70 months PITIA. Required PITIA reserves are $0 per AUS. | |||||||||||||||||||||||||||||||||||||
| 776 | XXXXXX | XXXXXX | CA | 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 | C | C | C | C | CRDINSR289 | Insufficient Hazard Insurance Coverage |
Yes | HOI Coverage of $XXX does not provide required coverage for subject property and is noted as an H- 06 policy, not an H-03. No evidence of cost to replace/ rebuild in file. Provide a correct full home policy. H-06 is for interior contents. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 698 exceeds required FICO of 620.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per secretary of state search, Borrower has been with current employer since May 2007.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $82,315.06 or 16.70 months PITIA. Required PITIA reserves are $0 per AUS. | |||||||||||||||||||||||||||||||||||||
| 776 | XXXXXX | XXXXXX | CA | 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 | Legal Documents |
Active | D | D | D | D | CRDLGL225 | Missing Rider |
Yes | Per Title, Schedule B, #9, there are CC&Rs. XXXXXX Verifies in a PUD with $62/mo HOA. Provide corrected DOT, fully executed PUD Rider and proof sent for re-recordation. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 698 exceeds required FICO of 620.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per secretary of state search, Borrower has been with current employer since May 2007.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $82,315.06 or 16.70 months PITIA. Required PITIA reserves are $0 per AUS. | |||||||||||||||||||||||||||||||||||||
| 776 | XXXXXX | XXXXXX | CA | 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 | Title | Satisfied | C | A | C | A | CRDTIL875 | Title Does Not Agree With Mortgage |
No | Title supplement provided allows coverage of $XXX. Loan amount: $XXX. |
10/13/2026: Received Final Title with correct coverage. |
10/13/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 698 exceeds required FICO of 620.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per secretary of state search, Borrower has been with current employer since May 2007.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $82,315.06 or 16.70 months PITIA. Required PITIA reserves are $0 per AUS. |
| 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 | |||||||||||||||||||||||||||||||||||||
| 776 | XXXXXX | XXXXXX | CA | 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 | Loan is PIW approved, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 698 exceeds required FICO of 620.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per secretary of state search, Borrower has been with current employer since May 2007.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $82,315.06 or 16.70 months PITIA. Required PITIA reserves are $0 per AUS. | |||||||||||||||||||||||||||||||||||||
| 776 | XXXXXX | XXXXXX | CA | 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 | Loan is PIW approved, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 698 exceeds required FICO of 620.
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Per secretary of state search, Borrower has been with current employer since May 2007.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $82,315.06 or 16.70 months PITIA. Required PITIA reserves are $0 per AUS. | |||||||||||||||||||||||||||||||||||||
| 112 | 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: 778 mid score > min required of 680
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 113 | XXXXXX | XXXXXX | MO | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | B | A | A | D | A | D | A | D | A | A | A | Credit | Legal Documents |
Satisfied | D | A | D | A | CRDLGL225 | Missing Rider |
No | Per Title and verified on XXXXXX HOA with $300 annual dues. Provide PUD Rider with corrected Mortgage as PUD Rider box is not checked. Must also verify new Mortgage has been sent for re- recordation. |
9/28/2026: Received corrected DOT and PUD Rider, sent for re- recording 8/12/2026. |
9/28/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #260 months, Credit ratio 15%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median credit scores 776 / 805 exceeds minimum of 620
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with employer > #7 years | |||||||||||||||||||||||||||||||||||||
| 113 | XXXXXX | XXXXXX | MO | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | B | A | A | D | A | D | 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, XXXXXX to order BPO. |
6/3/2026: Received BPO supporting value. |
6/3/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #260 months, Credit ratio 15%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median credit scores 776 / 805 exceeds minimum of 620
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with employer > #7 years | |||||||||||||||||||||||||||||||||||||
| 113 | XXXXXX | XXXXXX | MO | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | B | A | A | D | A | D | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Loan is PIW approved, XXXXXX to order BPO. |
6/3/2026: Received BPO supporting value. |
6/3/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Good payment history use: 0X30, 0X60, 0X90, in #260 months, Credit ratio 15%
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Median credit scores 776 / 805 exceeds minimum of 620
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been with employer > #7 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 | |||||||||||||||||||||||||||||||||||||
| 120 | XXXXXX | XXXXXX | NV | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | B | A | D | B | D | A | D | A | B | A | D | A | D | A | Compliance | Ability to Repay/ Qualified Mortgage |
Satisfied | D | A | D | A | 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. |
No | Missing evidence of mortgage payoff or proof of property sale fromXXXXXX for the property XXXXXX in order to exclude this payment from qualifying ratios per the AUS. |
9/28/2026: Received proof XXXXXX paid by third party — 9/2025- 8/2026 bk stmnts in the file. |
9/28/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 27.16%
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 68.86%; guidelines allow 95%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 748 mid score > min required of 620 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have50 months of current mortgage payment history 0x30. | |||||||||||||||||||||||||||||||||||||
| 120 | XXXXXX | XXXXXX | NV | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | B | A | D | B | D | A | D | A | B | A | D | A | D | A | Credit | Credit/ Mtg History |
Satisfied | B | A | B | A | CRDCRMH123 | No evidence of required debt payoff |
No | Missing evidence of mortgage payoff or proof of property sale fromXXXXXX for the property XXXXXX in order to exclude this payment from qualifying ratios per the AUS. |
9/28/2026: Received proof XXXXXX paid by third party — 9/2025- 8/2026 bk stmnts in the file. |
9/28/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 27.16%
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 68.86%; guidelines allow 95%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 748 mid score > min required of 620 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have50 months of current mortgage payment history 0x30. | |||||||||||||||||||||||||||||||||||||
| 120 | XXXXXX | XXXXXX | NV | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | B | A | D | B | D | A | D | A | B | 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, XXXXXX to order BPO. |
7/31/2026: Received BPO supporting value. |
7/31/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 27.16%
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 68.86%; guidelines allow 95%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 748 mid score > min required of 620 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have50 months of current mortgage payment history 0x30. | |||||||||||||||||||||||||||||||||||||
| 120 | XXXXXX | XXXXXX | NV | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | B | A | D | B | D | A | D | A | B | A | D | A | D | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Loan is PIW approved, XXXXXX to order BPO. |
7/31/2026: Received BPO supporting value. |
7/31/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 27.16%
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 68.86%; guidelines allow 95%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 748 mid score > min required of 620 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have50 months of current mortgage payment history 0x30. | |||||||||||||||||||||||||||||||||||||
| 146 | XXXXXX | XXXXXX | HI | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | B | C | B | 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 | $185 Zero Percent Tolerance Violation due to increase in Appraisal fee from $875 to $1060 on LE XXX without a valid Change in Circumstance. Requires CIC, or corrected PCCD, copy of refund check, LOX and verification of shipping.CIC was provided however the change took place on 7.21.2026 however the LE was not issued until XXX which is not within 3 days of the knowledge of the change. |
10/12/26 — Per Lender “The COC date lists the incorrect date of XXX as shown below, the date for the COC & LE were generated and provided on XXX. This is a system issue error.” |
10/12/26 — Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $34,741.27 or 6.717 months PITIA. Required PITIA reserves are $0 per AUS.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 775 exceeds required FICO of 620.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV/CLTV of 68.81% is less than max allowed 80%. | |||||||||||||||||||||||||||||||||||||
| 147 | XXXXXX | XXXXXX | CA | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 724 exceeds required FICO of 620.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $50,934.60 or 8.223 months PITIA. Required PITIA reserves are $18,581.82 per AUS. |
| 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 | |||||||||||||||||||||||||||||||||||||
| 147 | XXXXXX | XXXXXX | CA | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 724 exceeds required FICO of 620.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $50,934.60 or 8.223 months PITIA. Required PITIA reserves are $18,581.82 per AUS. | |||||||||||||||||||||||||||||||||||||
| 156 | XXXXXX | XXXXXX | NC | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | C | B | D | B | A | A | D | A | C | B | Compliance | Finance Charge Tolerance |
Satisfied | C | B | C | B | CMPFINT4372 | TILA/ TRID- Disclosed Amount Financed is higher than Clayton’s calculated Amount Financed |
No | CD: XXX-1 [Last CD], Section: Loan Calculations, Field: Amount Financed, Value: XXX. Field: Amount Financed as Calculated, Value: XXX a difference of $425 |
10/12/26 — Lender provided documentation stating to no include the Title — Search Fee. |
10/12/26 — Exception satisfied. |
Numeric | Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets $520,247.53 or 163.25 months PITI.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 745. | |||||||||||||||||||||||||||||||||||||
| 156 | XXXXXX | XXXXXX | NC | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | C | B | D | B | A | A | D | A | C | B | Property Valuations |
Appraisal | Satisfied | C | B | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/ AW |
No | Loan is PIW approved, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets $520,247.53 or 163.25 months PITI.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 745. | |||||||||||||||||||||||||||||||||||||
| 156 | XXXXXX | XXXXXX | NC | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | C | B | D | B | A | A | D | A | C | B | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Loan is PIW approved, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets $520,247.53 or 163.25 months PITI.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 745. | |||||||||||||||||||||||||||||||||||||
| 158 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | Texas Home Equity |
Satisfied | C | B | C | B | CMPTXHE5983 | TX Equity — Total fees greater than the allowable cap |
No | Loan Purpose: Cashout RefiForm Used: Standard |
10.12.2026 — Undiscounted rate provided |
10.12.2026 -Exception satisfied |
(No Data) |
Not Applicable |
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is less than max allowed 80%.
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Per WVOE/ VVOE, Borrower has been with current employer since 6/12/2017.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI of 37.91% is lower than max DTI allowed 45%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 706 exceeds required FICO of 620. | |||||||||||||||||||||||||||||||||||||
| 773 | XXXXXX | XXXXXX | MN | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | C | A | D | A | B | B | D | B | C | A | D | A | B | B | Compliance | Borrower’s Interest |
Active | B | B | B | B | CMPBI1595 | File does not contain a tangible net benefit worksheet |
No | Missing the tangible net benefit worksheet |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Credit line usage ratio of 8.08%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 781 is 161 points above minimum program requirement of 620.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 24.31% is below the guideline maximum of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $48,669.71/22.74 PITIA which is > guideline minimum. |
| 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 | |||||||||||||||||||||||||||||||||||||
| 773 | XXXXXX | XXXXXX | MN | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | C | A | D | A | B | B | D | B | C | A | D | A | B | B | Compliance | Borrower’s Interest |
Active | B | B | B | B | CMPBI5573 | MN Borrower’s Interest- Missing Borrower- Signed TNB form or statement |
No | MN Borrower’s Interest- Missing Borrower- Signed TNB form or statement |
(No Data) | (No Data) | Not Applicable |
Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Credit line usage ratio of 8.08%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 781 is 161 points above minimum program requirement of 620.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 24.31% is below the guideline maximum of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $48,669.71/22.74 PITIA which is > guideline minimum. | |||||||||||||||||||||||||||||||||||||
| 773 | XXXXXX | XXXXXX | MN | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | C | A | D | A | B | B | D | B | C | A | D | A | B | B | Compliance | RESPA | Active | B | B | B | B | CMPRESPA2700 | RESPA — List of homeowners counseling organizations not provided w/in 3 days of application |
No | The Loan Application is dated XXX and the HOC is dated XXX, greater than 3 days from application. |
(No Data) | (No Data) | (No Data) | Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Credit line usage ratio of 8.08%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 781 is 161 points above minimum program requirement of 620.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 24.31% is below the guideline maximum of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $48,669.71/22.74 PITIA which is > guideline minimum. | |||||||||||||||||||||||||||||||||||||
| 773 | XXXXXX | XXXXXX | MN | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | C | A | D | A | B | B | D | B | C | A | D | A | B | B | Compliance | RESPA | Active | B | B | B | B | CMPRESPA863 | RESPA: Required Affiliate Business Disclosure missing |
No | No ABA (or FACTS) was located in the file. |
(No Data) | (No Data) | (No Data) | Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Credit line usage ratio of 8.08%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 781 is 161 points above minimum program requirement of 620.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 24.31% is below the guideline maximum of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $48,669.71/22.74 PITIA which is > guideline minimum. | |||||||||||||||||||||||||||||||||||||
| 773 | XXXXXX | XXXXXX | MN | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | C | A | D | A | B | B | D | B | C | A | D | A | B | B | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR5351 | Insurance Effective date is greater than the transaction date |
No | Insurance Effective date of XXX is after the CD disbursement date of XXX. |
6/8/2026: Received HOI for 4/2025- 4/2026. |
6/8/2026: Exception satisfied. |
Not Applicable |
Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Credit line usage ratio of 8.08%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 781 is 161 points above minimum program requirement of 620.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 24.31% is below the guideline maximum of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $48,669.71/22.74 PITIA which is > guideline minimum. | |||||||||||||||||||||||||||||||||||||
| 773 | XXXXXX | XXXXXX | MN | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | C | A | D | A | B | B | D | B | C | A | D | A | B | B | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | CU score is >2.5. XXXXXX to order desk review. |
6/3/2026: Received CDA supporting value. |
6/3/2026: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS5269: Minimal use of credit - Clayton Comments: Credit line usage ratio of 8.08%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 781 is 161 points above minimum program requirement of 620.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 24.31% is below the guideline maximum of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has $48,669.71/22.74 PITIA which is > guideline minimum. | |||||||||||||||||||||||||||||||||||||
| 161 | XXXXXX | XXXXXX | VA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | C | A | D | B | A | A | D | A | C | A | D | A | A | A | Credit | Assets | Satisfied | C | A | C | A | CRDAST205 | Insufficient Funds to Close |
No | Loan has $9,378.45 in verified assets. $8,895.85 funds required to close. The credit report has an open XXXXXX account balance of $2,439, which deducted from assets leaves $6,939.45 in assets. Loan is short $1,956.40 funds to close. Provide additional assets or XXXXXX statement verifying a hybrid account with minimum payment due to be added to DTI. |
10/5/2026: Received XXXXXX Billing stmnt. Added min payment $227.44 to DTI, now 42.37%, within tolerance. Removed balance from assets. |
10/5/2026: Exception satisfied. |
(No Data) | Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 788 exceeds min required of 620.
CFCFS2854: Significant time in profession - Clayton Comments: 18 years in profession.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below 95% maximum. |
| 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 | |||||||||||||||||||||||||||||||||||||
| 161 | XXXXXX | XXXXXX | VA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | C | A | D | B | A | A | D | A | C | 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, XXXXXX to order BPO. |
6/3/2026: Received BPO supporting value. |
6/3/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 788 exceeds min required of 620.
CFCFS2854: Significant time in profession - Clayton Comments: 18 years in profession.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below 95% maximum. | |||||||||||||||||||||||||||||||||||||
| 161 | XXXXXX | XXXXXX | VA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | C | A | D | B | A | A | D | A | C | A | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Loan is PIW approved, XXXXXX to order BPO. |
6/3/2026: Received BPO supporting value. |
6/3/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 788 exceeds min required of 620.
CFCFS2854: Significant time in profession - Clayton Comments: 18 years in profession.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below 95% maximum. | |||||||||||||||||||||||||||||||||||||
| 167 | XXXXXX | XXXXXX | AR | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 786 mid score > min required of 620
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | |||||||||||||||||||||||||||||||||||||
| 167 | XXXXXX | XXXXXX | AR | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 786 mid score > min required of 620
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | |||||||||||||||||||||||||||||||||||||
| 177 | XXXXXX | XXXXXX | AZ | 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 | RESPA | Active | B | B | B | B | CMPRESPA863 | RESPA: Required Affiliate Business Disclosure missing |
No | Affiliate Business Disclosure missing. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 25 years.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 793 mid score > min required of 680 | |||||||||||||||||||||||||||||||||||||
| 191 | XXXXXX | XXXXXX | OK | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
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 $719,953.32/297.39 months of PITIA> min required 0.00.
CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 332 months.
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have201 months mortgage payment history 0x30. CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 11.00% CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 17.04% is below guideline maximum 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: 32+ years at present job CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 801 mid score > min required of 620 CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 32 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: 801 mid score > min required of 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 | |||||||||||||||||||||||||||||||||||||
| 777 | XXXXXX | XXXXXX | KY | ATR/ QM: Not Provided |
QM: Safe Harbor (APOR) |
D | C | C | C | D | A | A | A | D | C | C | C | D | A | A | A | 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 |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 37.97% is below guideline maximum 50%.
CFCFS1736: Significant time at current residence - Clayton Comments: 19 years at primary residence
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have266 months mortgage payment history 0x30. CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 0.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 33 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 810 mid score > min required of 620 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been in same profession for 33 years. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 321 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 44.32%; guidelines allow 80%. | |||||||||||||||||||||||||||||||||||||
| 777 | XXXXXX | XXXXXX | KY | ATR/ QM: Not Provided |
QM: Safe Harbor (APOR) |
D | C | C | C | D | A | A | A | D | C | C | C | D | A | A | A | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | LCA (or CU) score is >2.5. XXXXXX to order desk review. |
10/5/2026: Received CDA supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI 37.97% is below guideline maximum 50%.
CFCFS1736: Significant time at current residence - Clayton Comments: 19 years at primary residence
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have266 months mortgage payment history 0x30. CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ 0.00% CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for 33 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 810 mid score > min required of 620 CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been in same profession for 33 years. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has 0x30 for 321 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 44.32%; guidelines allow 80%. | |||||||||||||||||||||||||||||||||||||
| 198 | XXXXXX | XXXXXX | MI | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | C | B | D | B | A | A | D | A | C | B | Compliance | TILA/ RESPA Integrated Disclosure |
Satisfied | C | B | C | B | CMPTRID5115 | TRID — Closing Disclosure: The Creditors Brokers or Contact persons NMLS or State ID is missing |
No | Missing Lender’s NMLS number on the final Closing disclosure |
10/1/26 — Lender provided documentation and PCCD showing the Lender’s NMLS and Contact State ID numbers. |
10/1/26 — Exception satisfied. |
Numeric | Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 729 mid score > min required of 680
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | |||||||||||||||||||||||||||||||||||||
| 198 | XXXXXX | XXXXXX | MI | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | C | B | D | B | A | A | D | A | C | B | Property Valuations |
Appraisal | Satisfied | C | B | C | A | PRVAAPPR5454 | Loan File contains Property Inspection Waiver (PIW)/AW |
No | Loan is PIW approved, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 729 mid score > min required of 680
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | |||||||||||||||||||||||||||||||||||||
| 198 | XXXXXX | XXXXXX | MI | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | A | A | D | B | C | B | D | B | A | A | D | A | C | B | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | Loan is PIW approved, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 729 mid score > min required of 680
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | |||||||||||||||||||||||||||||||||||||
| 208 | 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 | CFCFS1744: DTI below guideline requirement - Clayton Comments: Borrowers DTI is 12.873%.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 808. |
| 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 | |||||||||||||||||||||||||||||||||||||
| 220 | XXXXXX | XXXXXX | AL | 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: Representative credit score 713.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Verified 35.15% DTI. Max allowed 45%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 774 | XXXXXX | XXXXXX | TX | 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: Representative credit score 704, guidelines require 620.
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has owned business since 7/21/1999. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 241 | XXXXXX | XXXXXX | SC | 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 | RESPA | Active | B | B | B | B | CMPRESPA863 | RESPA: Required Affiliate Business Disclosure missing |
No | Affiliate Business Disclosure missing. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 696 exceeds required FICO of 620.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV/CLTV of 57.42% is less than max allowed 80%.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI of 29.60% is lower than max DTI allowed 45%. | |||||||||||||||||||||||||||||||||||||
| 241 | XXXXXX | XXXXXX | SC | 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, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 696 exceeds required FICO of 620.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV/CLTV of 57.42% is less than max allowed 80%.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI of 29.60% is lower than max DTI allowed 45%. | |||||||||||||||||||||||||||||||||||||
| 241 | XXXXXX | XXXXXX | SC | 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 PIW approved, XXXXXX to order BPO. |
10/5/2026: Received BPO supporting value. |
10/5/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 696 exceeds required FICO of 620.
CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV/CLTV of 57.42% is less than max allowed 80%.
CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI of 29.60% is lower than max DTI allowed 45%. | |||||||||||||||||||||||||||||||||||||
| 256 | XXXXXX | XXXXXX | KS | 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: 770 mid score > min required of 680
CFCFS1742: Consumer credit history exceeds guidelines - 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 | |||||||||||||||||||||||||||||||||||||
| 266 | XXXXXX | XXXXXX | AZ | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | A | D | B | D | B | D | A | D | A | D | B | Compliance | Ability to Repay/ Qualified Mortgage |
Satisfied | D | A | D | A | 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. |
No | 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.9/30/2026: received 2025 1120- S. >5 years in business, 100% owner for B1. Verified $123,995.67/mo net. |
9/28/2026 Exception remains.9/30/2026: 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. | |||||||||||||||||||||||||||||||||||||
| 266 | XXXXXX | XXXXXX | AZ | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | A | D | B | D | B | D | A | D | A | D | B | 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. | |||||||||||||||||||||||||||||||||||||
| 266 | XXXXXX | XXXXXX | AZ | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | A | D | B | D | B | D | A | D | A | D | B | Credit | Income/ Employment |
Satisfied | D | A | D | A | CRDINC3204 | Income Documentation Missing |
No | 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.9/30/2026: received 2025 1120- S. >5 years in business, 100% owner for B1. Verified $123,995.67/mo net. |
9/28/2026 Exception remains.9/30/2026: 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. | |||||||||||||||||||||||||||||||||||||
| 266 | XXXXXX | XXXXXX | AZ | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | D | A | D | B | D | B | D | A | D | A | D | B | Property Valuations |
Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation |
No | LCA returned no score. XXXXXX 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. | |||||||||||||||||||||||||||||||||||||
| 267 | XXXXXX | XXXXXX | SC | 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 (or CU) score is >2.5. XXXXXX to order desk review. |
10/7/2026: Received CDA supporting value. |
10/7/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 802 mid score > min required of 620 | |||||||||||||||||||||||||||||||||||||
| 778 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | D | D | D | A | A | A | A | D | D | D | D | A | A | A | A | Credit | Assets | Active | D | D | D | D | CRDAST2670 | Asset documentation is insufficient per guideline requirements |
Yes | Missing additional bank statement for XXXXXX. Statement in file covers 4/1- 4/30. AUS requires 2 months bank statements. |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 788.
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 22.13%, Guidelines allow 45% |
| 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 | |||||||||||||||||||||||||||||||||||||
| 284 | 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: Representative credit score 741
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower 2 has 10 years 8 months on job. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 289 | XXXXXX | XXXXXX | CA | 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 | RESPA | Active | B | B | B | B | CMPRESPA2698 | RESPA — List of homeowners counseling organizations not in file |
No | List of homeowners counseling organizations not in file |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 756 mid score > min required of 620 | |||||||||||||||||||||||||||||||||||||
| 289 | XXXXXX | XXXXXX | CA | 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 | RESPA | Active | B | B | B | B | CMPRESPA863 | RESPA: Required Affiliate Business Disclosure missing |
No | Required Affiliate Business Disclosure missing |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 756 mid score > min required of 620 | |||||||||||||||||||||||||||||||||||||
| 293 | XXXXXX | XXXXXX | IA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | A | C | A | D | A | A | A | D | A | C | A | D | 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 lender QM determination. |
10/13/2026: Received SH determination. |
10/13/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 779 mid score > min required of 680 | |||||||||||||||||||||||||||||||||||||
| 293 | XXXXXX | XXXXXX | IA | QM: Safe Harbor (APOR) |
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 | CU score 3.6. XXXXXX to order Desk Review. |
10/7/2026: Received CDA supporting value. |
10/7/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 779 mid score > min required of 680 | |||||||||||||||||||||||||||||||||||||
| 307 | XXXXXX | XXXXXX | WY | 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 | 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 | Mavent dated 9/1/26 provided in file states exempt. XXXXXX verified Safe Harbor. |
10/8/2026: Received Mavent — Safe Harbor. |
10/8/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 718 exceeds required FICO of 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 | |||||||||||||||||||||||||||||||||||||
| 331 | XXXXXX | XXXXXX | PA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | A | A | B | B | D | B | D | A | A | A | B | B | Compliance | RESPA | Active | B | B | B | B | CMPRESPA2704 | RESPA — List of homeowners counseling organizations not compliant |
No | Missing list of at least 10 counselors |
(No Data) | (No Data) | (No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 787. | |||||||||||||||||||||||||||||||||||||
| 331 | XXXXXX | XXXXXX | PA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
D | B | D | A | A | A | B | B | D | B | D | A | A | A | B | B | Credit | Assets | Satisfied | D | A | D | A | CRDAST2670 | Asset documentation is insufficient per guideline requirements |
No | Missing documentation to support XXXXXX Bank assets used for closing. |
10/15/2026: Received 6/2026 UBS stmnt. |
10/15/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Representative credit score 787. | |||||||||||||||||||||||||||||||||||||
| 341 | 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: 797 mid score > min required of 620
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 348 | XXXXXX | XXXXXX | PA | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI of 39.23% is lower than max DTI allowed 45%.
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post-close assets are $26,240.40 or 5.705 months PITIA. Required PITIA reserves are $0 per AUS.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 759 exceeds required FICO of 620. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 775 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | C | A | A | A | A | C | C | C | C | A | A | A | A | C | C | Compliance | TILA/ RESPA Integrated Disclosure |
Active | C | C | C | C | CMPTRID5095 | TRID — Escrow Waiver Fee disclosed in Loan Costs but is not disclosed in Loan Disclosures |
Yes | Escrow Waiver Fee disclosed in Loan Costs but is not disclosed in Loan. |
10.08.2026 — Original review package received however still missing130(b) or (c) cure: client permission, LOX and redisclosed CD w/in 60 days of discovery for Escrow waiver fee listed in Loan Costs but not listed in Loan Disclosure section.10.15.2026 LENDER PROVIDED ESCROW WAIVER , PCCD that lists the non escrow fees in the loan disclosure section required |
10.08.2026 - Exception remains10.15.2026 Exception Remains for PCCD |
Numeric | Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 744 mid score > min required of 680
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | |||||||||||||||||||||||||||||||||||||
| 775 | XXXXXX | XXXXXX | TX | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
C | C | A | A | A | A | C | C | C | C | A | A | A | A | C | C | Compliance | TILA/ RESPA Integrated Disclosure |
Active | C | C | C | C | CMPTRID5097 | TRID — Escrow Waiver Fee disclosed in Loan Costs Section differs in amount from the amount in Loan Disclosures |
Yes | Escrow Waiver Fee disclosed in Loan Costs Section differs in amount from the amount in Loan Disclosures. |
10.08.2026 — original review package provided still missing 130(b) or (c) cure: client permission, LOX and redisclosed CD w/ in 60 days of discovery; Refund if Loan Costs amount resulted in over — collection. 10.15.2026 LENDER PROVIDED ESCROW WAIVER , PCCD that lists the non escrow fees in the loan disclosure section required |
10.08.2026 - Exception remains10.15.2026 Exception Remains |
Numeric | Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 744 mid score > min required of 680
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | |||||||||||||||||||||||||||||||||||||
| 355 | XXXXXX | XXXXXX | DE | QM: Safe Harbor (APOR) |
QM: Safe Harbor (APOR) |
A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months.
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 783 mid score > min required of 680 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 376 | XXXXXX | XXXXXX | VA | 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. XXXXXX to order BPO. |
10/14/2026: Received BPO supporting value. |
10/14/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 811 mid score > min required of 620
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. | |||||||||||||||||||||||||||||||||||||
| 376 | XXXXXX | XXXXXX | VA | 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. XXXXXX to order BPO. |
10/14/2026: Received BPO supporting value. |
10/14/2026: Exception satisfied. |
(No Data) |
Not Applicable |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 811 mid score > min required of 620
CFCFS2860: Good credit history - Clayton Comments: Borrower has 0x30 for 24 months. |
| Client Name: | PennyMac | |
| Client Project Name: | PNMAC PMTLT 2026-CNF10 Securitization_J17543 | |
| Conditions Report 2.0 | ||
| Loans in Report: | 49 | |
| Loans with Conditions: | 34 | |
| 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 | ||||||||||||||||||||
| 4 | XXXXXX | XXXXXX | XXXXXX | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 6 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 7 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 10 | XXXXXX | XXXXXX | XXXXXX | D | A | C | A | D | A | C | A | D | A | C | A | D | A | C | A | Not Applicable | ||||||||||||||||||||
| 771 | XXXXXX | XXXXXX | XXXXXX | C | C | A | A | A | A | C | C | C | C | A | A | A | A | C | C | Not Applicable | ||||||||||||||||||||
| 29 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 38 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 49 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 55 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | No | ||||||||||||||||||||
| 58 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 62 | XXXXXX | XXXXXX | XXXXXX | D | B | D | A | D | B | D | A | D | A | D | A | D | A | D | A | Not Applicable | ||||||||||||||||||||
| 81 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 85 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 91 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 772 | XXXXXX | XXXXXX | XXXXXX | C | C | C | C | A | A | A | A | C | C | C | C | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 95 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | No | ||||||||||||||||||||
| 776 | XXXXXX | XXXXXX | XXXXXX | D | D | D | D | D | B | D | A | D | D | D | D | D | A | D | A | Not Applicable | ||||||||||||||||||||
| 112 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 113 | XXXXXX | XXXXXX | XXXXXX | D | B | D | A | D | B | A | A | D | A | D | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 120 | XXXXXX | XXXXXX | XXXXXX | D | B | B | A | D | B | D | A | D | A | B | A | D | A | D | A | No | ||||||||||||||||||||
| 146 | XXXXXX | XXXXXX | XXXXXX | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Not Applicable |
| 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 | ||||||||||||||||||||
| 147 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | No | ||||||||||||||||||||
| 156 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | C | B | D | B | A | A | D | A | C | B | Not Applicable | ||||||||||||||||||||
| 158 | XXXXXX | XXXXXX | XXXXXX | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Not Applicable | ||||||||||||||||||||
| 773 | XXXXXX | XXXXXX | XXXXXX | D | B | C | A | D | A | B | B | D | B | C | A | D | A | B | B | Not Applicable | ||||||||||||||||||||
| 161 | XXXXXX | XXXXXX | XXXXXX | D | B | C | A | D | B | A | A | D | A | C | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 167 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 177 | XXXXXX | XXXXXX | XXXXXX | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Not Applicable | ||||||||||||||||||||
| 191 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 777 | XXXXXX | XXXXXX | XXXXXX | D | C | C | C | D | A | A | A | D | C | C | C | D | A | A | A | No | ||||||||||||||||||||
| 198 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | C | B | D | B | A | A | D | A | C | B | Not Applicable | ||||||||||||||||||||
| 208 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 220 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 774 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No | ||||||||||||||||||||
| 241 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | B | B | D | B | A | A | D | A | B | B | Not Applicable | ||||||||||||||||||||
| 256 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 266 | XXXXXX | XXXXXX | XXXXXX | D | B | D | A | D | A | D | B | D | B | D | A | D | A | D | B | No | ||||||||||||||||||||
| 267 | XXXXXX | XXXXXX | XXXXXX | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Not Applicable | ||||||||||||||||||||
| 778 | XXXXXX | XXXXXX | XXXXXX | D | D | D | D | A | A | A | A | D | D | D | D | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 284 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 289 | XXXXXX | XXXXXX | XXXXXX | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Not Applicable |
| 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 | ||||||||||||||||||||
| 293 | XXXXXX | XXXXXX | XXXXXX | D | A | C | A | D | A | A | A | D | A | C | A | D | A | A | A | Yes | ||||||||||||||||||||
| 307 | XXXXXX | XXXXXX | XXXXXX | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Not Applicable | ||||||||||||||||||||
| 331 | XXXXXX | XXXXXX | XXXXXX | D | B | D | A | A | A | B | B | D | B | D | A | A | A | B | B | Not Applicable | ||||||||||||||||||||
| 341 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 348 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 775 | XXXXXX | XXXXXX | XXXXXX | C | C | A | A | A | A | C | C | C | C | A | A | A | A | C | C | Not Applicable | ||||||||||||||||||||
| 355 | XXXXXX | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable | ||||||||||||||||||||
| 376 | XXXXXX | XXXXXX | XXXXXX | D | B | A | A | D | B | A | A | D | A | A | A | D | A | A | A | Not Applicable |