Exhibit 99.3 - Schedule 2

Loan Number

Loan ID

Finding #

Last Name

Note Date

DD Start Date

DD Delivery Date

Audit Category

Audit Issue

Finding ID

Exception Finding

Remediation Status

Exception Rebuttal

Exception Response

Status Comment

Compensating Factors

SOL Expiration Date

Initial Findings Grade

Final Findings Grade

Initial Loan Grade

Final Loan Grade

XXXX

2164765

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR (XXXX) and the calculated APR (XXXX), the loan is a higher-priced mortgage loan, as defined in XXXX The loan is a compliant HPML. Prepayment and appraisal requirements have been met.

Acknowledged

XXXX

2164765

2 of 2

XXXX

Credit

Program Parameters - CLTV

XXXX

The subject loan does not meet Program Parameters for CLTV. The maximum CLTV allowed is XXXX%. The subject loan closed with an LTV of XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
We believe you are carrying out too many decimal points. Also please note, the balance used on the first XXXX was as of XXXX/XXXX, so the CLTV would be under XXXX%.

Response 1 (XX/XX/XXXX XX:XXPM)
Explanation received is sufficient. (Resolved)

XXXX

2173035

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The loan is a compliant HPML. Prepayment and appraisal requirements have been met.

Acknowledged

XXXX

2173035

2 of 2

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The maximum DTI is XXXX%; however, the loan closed with a DTI of XXXX%, which exceeds guidelines.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX INTERNAL EXCEPTION APPROVAL

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX exception received. Client to approve downgrading finding based on compensating factors.

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: Subject property owned XXXX years, XXXX stability of XXXX years, 0x30x49 mortgage history, $XXXX verified reserves

XXXX. XXXX% CLTV.

XXXX

2164766

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2164766

2 of 2

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX FARM PERILS

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2164767

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2164767

2 of 2

XXXX

Credit

Debts - Not Verified

XXXX

The XXXX schedule E of the tax return documents reflects a rental property with the address XXXX., XXXX, XXXX XXXX which is not disclosed on the loan application. Evidence that the borrower is not responsible for this debt is not present in the loan file. A mortgage statement is also not present in the loan file and mortgage interest is reported on the return. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
PROP RPT

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2164768

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX% the loan is a higher-priced mortgage loan, as defined in XXXX The loan is a compliant HPML. Prepayment and appraisal requirements have been met.

Acknowledged

XXXX

2164768

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164769

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2164769

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164770

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2164770

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164771

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2164771

2 of 3

XXXX

Compliance

State Disclosure - Colorado Tangible Net Benefit Disclosure/Signature

XXXX

The XXXX Tangible Net Benefit Disclosure is not signed by the XXXX; XXXX signature is missing. Required for all mortgage loans to evidence that the loan is beneficial to the borrower. XXXX Originator Licensing and Mortgage Company Registration Act. XXXX Rev. Stat. XXXX. XXXX-XXXX-XXXX; XXXX XXXX. Code Regs. ' XXXX-XXXX, Rule XXXX-XXXX-XXXX, 5(XXXX) / XXXX XXXX. Code Regs. ' XXXX-XXXX, XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
NET TANG

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2164771

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164772

1 of 2

XXXX

Compliance

State Disclosure - Colorado Tangible Net Benefit Disclosure/Signature

XXXX

The XXXX Tangible Net Benefit Disclosure is not signed by the XXXX; XXXX signature is missing. Required for all mortgage loans to evidence that the loan is beneficial to the borrower. XXXX Originator Licensing and Mortgage Company Registration Act XXXX. Rev. Stat. XXXX. XXXX-XXXX-XXXX; XXXX XXXX. Code Regs. ' XXXX-XXXX, Rule XXXX-XXXX-XXXX, 5(XXXX) / XXXX XXXX. Code Regs. ' XXXX-XXXX, XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
NET TANG

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2164772

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164773

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2164773

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164773

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2164774

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2164774

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164775

1 of 2

XXXX

Compliance

State Testing

XXXX

This loan failed the application fee test. (XXXX XXXXXXXX6125(b)(2)(ii)). The loan is a second XXXX mortgage and charges a loan origination fee that exceeds XXXX% of the original principal amount. The original principal of this loan, as defined by the state of XXXX, is $XXXX.

Acknowledged

XXXX

2164775

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164777

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2164777

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164777

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2164778

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2164778

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164779

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2164779

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164780

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2164780

2 of 3

XXXX

Credit

Program Parameters - DTI

XXXX

Per Lender's guides, the max DTI is XXXX%; however, an exception could be made for DTI up to XXXX%. The subject loan was qualified with DTI of XXXX%. However, the loan file does not contain an exception form request for the approval of DTI higher than XXXX%; therefore, the DTI exceeds the max DTI of XXXX%.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please re-review screenshot provided. We have always used the screenshot for the XXXX internal exception approval. Also, the XXXX internal exception is indicated on the bid tape.

Response 1 (XX/XX/XXXX XX:XXPM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: Subject property owned XXXX years, XXXXx30x99 months mortgage history, XXXX qualifying credit score

XXXX. XXXX% LTV.

XXXX

2164780

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2164781

1 of 3

XXXX

Compliance

State Testing - Kansas/Prepaid Finance Charge Test Paid to Lender

XXXX

The loan failed the lender prepaid finance charge test. The loan contains prepaid finance charges which are paid to the lender or party affiliated with the lender in the amount of $XXXX, which exceed XXXX% of the amount financed, the limit set by statute.

Acknowledged

XXXX

2164781

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164781

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. CU Score XXXX.

Cleared

XXXX

2173036

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2173036

2 of 3

XXXX

Compliance

ROR - Other

XXXX

There are additional findings regarding the Recession Notice. The right to rescind expiration date was changed and manually written but not initialed by the borrower.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2173036

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164782

1 of 2

XXXX

Compliance

State Disclosure - Colorado Tangible Net Benefit Disclosure/Signature

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2164782

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167226

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2167226

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164783

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2164783

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2164783

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2173037

1 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2173037

2 of 5

XXXX

Compliance

State Testing

XXXX

This loan failed the XXXX rate spread home loan test. ( XXXX GS §XXXX-XXXXF(a)(XXXX) ). The loan is a compliant HPML. Prepayment and appraisal requirements have been met

Acknowledged

XXXX

2173037

3 of 5

XXXX

Compliance

TRID - CD/Payee Not Listed

XXXX

The loan contains the following fee or fees where 'compensation to' does not reflect a XXXX on the revised CD. E-Recording Fee.

Acknowledged

XXXX

2173037

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173037

5 of 5

XXXX

Valuation

Appraisal - Value is not supported within a 10% variance

XXXX

The loan file obtains an AVM dated XX/XX/XXXX, which does not support the appraised value.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PLS CLARIFY. The AVM is actually higher but since we are still within 10% of the AVM, then we are XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
The AVM supports value, however, the confidence score is below XXXX%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Additional second valuation supported value. Downgraded to an EV2. (Resolved)

XXXX (XX/XX/XXXX XX:XXPM)
DVR uploaded

XXXX

2167227

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2167227

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173038

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173038

2 of 3

XXXX

Credit

Program Parameters - DTI

XXXX

The subject loan does not meet Investor Program Parameters for DTI. Per Lender's guides, the max DTI is XXXX%. The subject's DTI is XXXX%, which exceeds the max of XXXX%. The loan file does not contain a Lender's Exception for the excessive DTI.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached

Response 1 (XX/XX/XXXX XX:XXPM)
Lender exception received. Client to approve downgrading finding based on compensating factors. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Client reviewed and elects to waive. Noted compensating factors: Subject property owned XXXX years, Self-employed XXXX years, 0x30x57 mortgage history

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2173038

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2173039

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2173039

2 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: XXXX fee $XXXX. The loan fails the prohibited fees test by $XXXX. (MRS § 408.052(XXXX); 408.233(XXXX)).

Acknowledged

XXXX

2173039

3 of 3

XXXX

Credit

Income - Missing

XXXX

The loan file is missing sufficient documentation to validate Borrower 1's XXXX benefits in the amount of $XXXX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2196849

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2196849

2 of 3

XXXX

Compliance

State Testing

XXXX

This loan failed the XXXX rate spread home loan test. ( XXXX GS §XXXX-XXXXF(a)(XXXX) ). The loan is a rate spread home loan, as defined in the legislation. The loan is a compliant HPML. Prepayment and appraisal requirements have been met.

Acknowledged

XXXX

2196849

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167228

1 of 3

XXXX

Compliance

HOC - Missing

XXXX

The Homeownership Counseling Disclosure (HOC) is missing. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a).

Acknowledged

XXXX

2167228

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167228

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2167229

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2167229

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167230

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2167230

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173040

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2173040

2 of 4

XXXX

Credit

HELOC - Closure Letter

XXXX

Loan file does not contain evidence to verify HELOC Closure as required. The closure letter was present in the loan file; however, was not signed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2173040

3 of 4

XXXX

Credit

Income - Tax Return Documentation Incomplete

XXXX

Tax returns for the previous year was missing from the loan file. Borrower is self-employed. Evidence of current businesses in file along with an email that the return was requested from the borrower and the borrower provided as requested; however, the return is not present in the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2173040

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a BPO, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2167231

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APRXXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The loan is a compliant HPML. Prepayment and appraisal requirements have been met.

Acknowledged

XXXX

2167231

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173041

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173041

2 of 3

XXXX

Credit

HELOC - Closure Letter

XXXX

Loan file does not contain evidence to verify HELOC Closure as required. The closure disclosure obtained in the loan file dated XX/XX/XXXX, reflects the payoff for installment loan; however, per the HELOC statement and credit reports also obtained in the loan file, the installment loan is actually a HELOC with credit limit of $XXXX and available credit of $XXXX. Therefore, a HELOC closure letter is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2173041

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2167232

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2167232

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167232

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2167233

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2167233

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167233

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2173042

1 of 3

XXXX

Compliance

TRID - LE/Revised LE Delivery Date (prior to consummation)

XXXX

The loan failed the Revised Loan Estimate delivery date test due to the following: Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was mailed, and therefore not received by the consumer XXXX business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required. 12 CFR 1026.19(e)(4)(ii).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached proof of electronic delivery

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2173042

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173042

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2167234

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2167234

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167234

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2167235

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2167235

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2167235

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2196850

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2196850

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2191800

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2191800

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2191800

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within a 10% variance

XXXX

The AVM did not support the value within a 10% variance. The loan file did not contain a CDA.

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
value is XXXX XXXX% is XXXX XXXX-XXXX=XXXX The avm cam in at XXXX So the AVM is within the XXXX% variance

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Pls see updated AVM

Response 1 (XX/XX/XXXX XX:XXPM)
The XXXX FSD score is .XXXX. The maximum allowed is .XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Additional secondary valuation product supported value. Downgraded to EV2. (Acknowledged)

XXXX

2191801

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2191801

2 of 4

XXXX

Credit

Income - Insufficient Documentation

XXXX

The XXXX's conclusions on the adequacy and the stability of the applicant's income was not supported by documentation in the file. The Origination Underwriter calculated the borrowers income as $XXXX per month; however, the loan file did not contain complete income documentation for the YTD and past XXXX years income breakdowns and totals to determine the accuracy of the income used to qualify. The loan file contained an email from the borrower showing an income breakdown without any reference to the frequency of pay, and it contained a YTD paystub through XX/XX/XXXX that reflected the current earnings were $XXXX biweekly totaling $XXXX per month. As a result the DTI increased from XXXX% to XXXX%, which exceeded the maximum XXXX% guidelines without an exception. The loan file is missing XXXX/XXXX W2s, and the XXXX/XXXX income breakdown and totals as required per the guidelines. ***additional conditions may apply ***

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
WVOE we have should cover all of this and the income calc is correct

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2191801

3 of 4

XXXX

Credit

Verification Documentation - VVOE Salaried/Missing

XXXX

A VVOE is missing from the loan file. The loan file is missing a VVOE for the borrower dated within XXXX days from the Note date of XX/XX/XXXX as required per the guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
VOE

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2191801

4 of 4

XXXX

Valuation

Appraisal - Value is not supported within a 10% variance

XXXX

The AVM did not support the value within a 10% variance. CU scores were not available, and the loan file did not contain a CDA.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Pls see UW&#XXXX;s comments.

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
AVM2

Response 1 (XX/XX/XXXX XX:XXPM)
FSD score is .XXXX. Maximum allowed is .XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Additional secondary valuation product supports value. Downgraded to EV2. (Resolved)

XXXX

2191802

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2191802

2 of 3

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The DTI exceeds Originator Guidelines. The Origination Underwriter calculated and approve the loan with the DTI at XXXX%; Audit Review matched income and verified the real estate taxes at a little lower for a calculated DTI of XXXX%, which exceeds the XXXX% maximum DTI guidelines. The loan file did not contain an exception as indicated was required for a DTI up to XXXX% per the guidelines. ***additional conditions may apply ***

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached

Response 1 (XX/XX/XXXX XX:XXPM)
Exception received by lender. However, exception must be approved by client. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: Subject property owned XXXX years, XXXXx30x64 month mortgage history

XXXX. XXXX% CLTV.

XXXX

2191802

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2191803

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2191803

2 of 4

XXXX

Compliance

State Testing

XXXX

This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in the XXXX Financial Code. The loan is a compliant HPML. Prepayment and appraisal requirements have been met.

Acknowledged

XXXX

2191803

3 of 4

XXXX

Credit

Assets - 30-day Charge Accounts

XXXX

The file does not contain evidence of sufficient assets to payoff outstanding XXXX-day charge accounts. The credit report reflected an XXXX XXXX day account with a balance of $XXXX, and the loan file did not contain any asset documentation. The subject loan was a 2nd mortgage cash out refinance with debts paid off reflected on the Closing Disclosure; however, the XXXX day XXXX account was not listed. The cash proceeds to the borrower on the CD was $XXXX, leaving the borrower short verified funds in the amount of $XXXX. The guidelines allow for a XXXX day account to either be paid off with assets or the balance to remain if the balance does due does not exceed XXXX months XXXX (to include the XXXXst and 2nd mortgages and taxes/insurance/HOA fees, which is $XXXX. Therefore, the borrower was short the required verified funds in the amount of $XXXX. ***additional conditions may apply ***

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached the revised XXXX

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
PLS BE ADVISED THAT XXXX WERE XXXX UPLOAD BEGINNING ON XXXX AROUND PAGE XXXX. PLS CONFIRM. THANKS

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
See attached

Response 1 (XX/XX/XXXX XX:XXAM)
The XXXX day charge account section of the guide on page XXXX of the guide does not allow XXXX% of the XXXX day balance to be used as a debt payment component. The XXXX statement supporting the payment used in rebuttal is required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
XXXX statements are not in the loan file and were not received is rebuttal. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
Document received is sufficient. (Resolved)

XXXX

2191803

4 of 4

XXXX

Valuation

Appraisal - Value is not supported within a 10% variance

XXXX

The AVM did not support the value within a 10% variance. The CU score was XXXX, and the loan file did not contain a CDA.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2203838

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Federal - HPML APR/Compliant. This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Prepayment requirements have been met.

Acknowledged

XXXX

2203838

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2203838

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203838

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2183859

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2183859

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183860

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183860

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2209693

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2209693

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows: This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §1026.43(b)(4), (e)(1)). This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX.

Acknowledged

XXXX

2209693

3 of 4

XXXX

Compliance

State Testing

XXXX

The file failed one or more of the state threshold tests. This loan failed the nonrefundable prepaid finance charge test. (XXXX. Code § XXXX-XXXX-XXXX-201(XXXX)). The following fees were included: E-Recording Fee $XXXX, Loan Origination Fee $XXXX, Processing Fee $XXXX, Settlement or Closing Fee $XXXX.

Acknowledged

XXXX

2209693

4 of 4

XXXX

Credit

Program Parameters - Loan Amount

XXXX

The loan amount does not meet the minimum allowable under the guidelines. The subject loan is a 2nd mortgage on a primary residence with a loan amount of $XXXX; however, the guidelines reflect the minimum loan amount required is $XXXX. Therefore, the subject loan is an ineligible transaction.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX INTERNAL EXCEPTION APPROVAL

Response 1 (XX/XX/XXXX XX:XXAM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: 0x30x65 mortgage history, job stability XXXX years

XXXX. XXXX% DTI. $XXXX per month residual income.

XXXX

2183861

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX The loan is a compliant HPML. Prepayment and appraisal requirements have been met.

Acknowledged

XXXX

2183861

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183862

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183862

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183862

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM which supports the original appraised value.

Cleared

XXXX

2191804

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file; therefore, the increase to the following fee was not accepted: Appraisal fee on the revised CD issued on XX/XX/XXXX. If curing the violation with a refund, the following documents are required: LOE to consumer, PCCD and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
UPDATED COC

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Pls see the lox

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
XXXX CURE DOCS

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. The COC dated XX/XX/XXXX has a valid reason for the increase to the appraisal fee but was not disclosed within XXXX days of the change. The appraisal invoice dated XX/XX/XXXX discloses the increased appraisal fee of $XXXX. This indicates the lender was aware of the fee increase at that time XX/XX/XXXX but the fee increase was not disclosed until XX/XX/XXXX. A cost to cure in the amount of $XXXX is required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The appraisal was ordered on XX/XX/XXXX; however, the appraisal fee was not disclosed until XX/XX/XXXX, when the appraisal invoice was received. Under TRID (Regulation Z §1026.19(e)), creditors are required to provide a revised disclosure within XXXX business days of receiving information sufficient to establish that a valid changed circumstance exists or that a fee has changed and redisclosure is required. The Lener knew at time of ordering the apprasial a fee would be associated with the order. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2191804

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2191804

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A BPO dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2183863

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2183863

2 of 4

XXXX

Compliance

State Testing

XXXX

Acknowledged

XXXX

2183863

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183863

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value.

Cleared

XXXX

2183864

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2183864

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183865

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2183865

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196851

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2196851

2 of 4

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The loan file is missing documentation to verify the first lien payment P&I and if the payment includes escrows.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
NO FIRST MTG PAYOFF. HAZARD AND TAXES WERE XXXX INITIAL UPLOAD

Response 1 (XX/XX/XXXX XX:XXAM)
First Mortgage, Taxes, and Insurance all reflected separately for qualification. (Resolved)

XXXX

2196851

3 of 4

XXXX

Credit

Program Parameters - DTI

XXXX

The subject loan does not meet Investor Program Parameters for DTI. Guidelines requires XXXX of XXXX%. The subject loan closed with a DTI of XXXX%.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX INTERNAL EXCEPTION

Response 1 (XX/XX/XXXX XX:XXAM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: $XXXX monthly residual income, Self-employed XXXX years, 0x30x30 mortgage history

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2196851

4 of 4

XXXX

Credit

Title Commitment - Other

XXXX

There are additional findings regarding the title commitment. Guidelines require an owner and encumbrance report for the subject transaction. The loan file is missing the owner and encumbrance report.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PROPERTY REPORT

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2191805

1 of 5

XXXX

Compliance

TRID - CD/Payee Not Listed

XXXX

The loan contains the following fee where 'compensation to' does not reflect a payee on the revised CD issued on XX/XX/XXXX: XXXX (POC).

Acknowledged

XXXX

2191805

2 of 5

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was mailed and therefore not received by the consumer XXXX business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required. (12 CFR §1026.19(f)(1)(ii))

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX-XXXX CD AUDIT LOG

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2191805

3 of 5

XXXX

Compliance

TRID - LE/Revised LE Delivery Date (prior to consummation)

XXXX

The loan failed the Revised Loan Estimate delivery date test due to the following: Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was mailed and therefore not received by the consumer XXXX business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required. Truth in XXXX (Regulation Z) 12 CFR 1026.19(e)(4)(ii)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX-XXXX LE AUDIT LOG

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2191805

4 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that cannot increase test. Because the loan failed the revised LE date test and initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following increase: XXXX fee on the revised CD issued on XX/XX/XXXX. The violation may be cured if documentation is provided showing the disclosure was delivered timely. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX/XXXX CD AUDIT LOG

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2191805

5 of 5

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

Per Lender's guides, the max DTI is XXXX%. The borrower was qualified with DTI of XXXX%, which exceeds the XXXX.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX INTERNAL EXCEPTION APPROVAL

Response 1 (XX/XX/XXXX XX:XXPM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating Factors: Subject property owned XXXX years, job stability XXXX years, 0x30x59 mortgage history

XXXX. XXXX% LTV. $XXXX per month residual income.

XXXX

2191806

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2191806

2 of 4

XXXX

Credit

Program Parameters - CLTV

XXXX

Per Lender's guides, the max CLTV is XXXX%. The CLTV for the subject loan is XXXX%, which exceeds the XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PLS PROVIDE YOUR CALCS. THANKS

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
We do not agree. Pls see our calculation.

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
First Mortgage $XXXX + subject mortgage $XXXX = XXXX. Divided by $XXXX value = XXXX% CLTV. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Please provide confirmation that the most recent XXXXst mortgage balance was $XXXX at origination. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2191806

3 of 4

XXXX

Credit

Program Parameters - DTI

XXXX

Per Lender's guides, the max DTI is XXXX%. The borrower was qualified with DTI of XXXX%, which exceeds the XXXX.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PLEASE PROVIDE YOUR CALCS

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
We do not agree. Pls see our income cal sheet.

Response 1 (XX/XX/XXXX XX:XXPM)
PITI $XXXX + other debt $XXXX = $XXXX. Divided by $XXXX income = XXXX% DTI. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Recalculated DTI is XXXX%. DTI still exceeds the XXXX% maximum. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, $XXXX monthly residual income, Subject property owned XXXX years, 0x30x24 mortgage history

XXXX. Stable residence history. Perfect mortgage history. $XXXX per month residual income.

XXXX

2191806

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2196852

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The XXXX has a manual edit regarding the legal description. The borrower is required to initial the changes made. Please provide the revised mortgage document with borrowers initial acknowledging the change.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
County recorded DOT with no issues regarding borrower initialing the hand written "exhibit A"

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2196852

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196852

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. AVM supports value.

Cleared

XXXX

2183866

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183866

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183866

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2191807

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2191807

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. Additional the dwelling coverage is not sufficient to support the outstanding mortgages A rebuild cost estimated was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Please see attached pg XXXX showing all perils. Also, XXXX does not require increased dwelling coverage on 2nd mortgages

Response 1 (XX/XX/XXXX XX:XXPM)
All Perils are not confirmed. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2191807

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value.

Cleared

XXXX

2191808

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2191808

2 of 3

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The DTI exceeds Originator Guidelines. The maximum allowed DTI is XXXX%. The guidelines also indicate that an exception to DTI to allow up to XXXX% DTI with compensating factors. The subject loan closed with a DTI of XXXX%, which exceeds the maximum allowed and no exception documentation was found in the loan file.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX INTERNAL EXCEPTION APPROVAL

Response 1 (XX/XX/XXXX XX:XXPM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, subject property owned XXXX years, XXXX years job stability, 0x30x117 mortgage history

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2191808

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2196853

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2196853

2 of 2

XXXX

Credit

Program Parameters - DTI

XXXX

The subject loan does not meet Investor Program Parameters for DTI. Guidelines allow for XXXX of XXXX%. The subject transaction closed with a DTI of XXXX%.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX INTERNAL EXCEPTION APPROVAL

Response 1 (XX/XX/XXXX XX:XXAM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, $XXXX residual income, subject property owned XXXX years, 0x30x105 mortgage history

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2183867

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2183867

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183868

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183868

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183868

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2191809

1 of 3

XXXX

Compliance

State Disclosure - South Carolina Borrower Reasonable Tangible Net Benefit Worksheet/Missing

XXXX

The XXXX Borrower Reasonable Tangible Net Benefit Worksheet is Missing. Required in order to evidence that the refinancing is beneficial to the borrower when the closing date, XX/XX/XXXX, is less than XXXX months from the prior loan closing date XX/XX/XXXX. XXXX Consumer Protection Code - High-Cost and Consumer Home Loan Act S.C. Code Ann.' XXXX-XXXX-20(XXXX); XXXX-XXXX-70(A)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please see attached comments from our compliance manager

Response 1 (XX/XX/XXXX XX:XXPM)
The information provided is sufficient to clear the finding. (Resolved)

XXXX

2191809

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2191809

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX supportive of value.

Cleared

XXXX

2183869

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2183869

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183870

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2183870

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2191810

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2191810

2 of 3

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

Per Lender's guides the max DTI is XXXX%. The borrowers were qualified with DTI of XXXX%, which exceeds the max of XXXX%. The loan file does not contain a lender's exception to allow above XXXX% as required.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached

Response 1 (XX/XX/XXXX XX:XXPM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, Subject property owned XXXX years, prior mortgage history of 0x30x89

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2191810

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2183871

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183871

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183871

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2196854

1 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited fees test. The loan is a second XXXX mortgage and charges a loan origination fee that exceeds XXXX% of the original principal amount. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX6125(b)(2)(ii)).

Acknowledged

XXXX

2196854

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196854

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within a 10% variance

XXXX

The AVM did not support the value within a 10% variance. The loan file contains an AVM dated XX/XX/XXXX, which does not support the appraised value. The confidence score is XXXX%, which is below the required XXXX%. DVR provided supports the appraised value within 10%. As this was the second valuation product, per the rating agencies, this is graded an EV2.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
The value came in at $XXXX and AVM at $XXXX so we are w/in XXXX%.

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
DVR provided.

Response 1 (XX/XX/XXXX XX:XXPM)
Confidence Score below XXXX% is not supported. DVR ordered. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
DVR provided supports the appraised value within 10%. As this was the second valuation product, per the rating agencies, this is graded an EV2. (Resolved)

XXXX

2183872

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2183872

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183872

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value.

Cleared

XXXX

2183873

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183873

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183873

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. An AVM dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2183874

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2183874

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2183874

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. An AVM dated XX/XX/XXXX was provided and supported the appraised value.

Cleared

XXXX

2196855

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: XXXX fee and Title Recording Service fee. The loan fails the prohibited fees test by $XXXX. (MRS § 408.052(XXXX); 408.233(XXXX)).

Acknowledged

XXXX

2196855

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203839

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203839

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203839

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2196856

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2196856

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196856

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2196857

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2196857

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196857

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contain an AVM dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2196858

1 of 5

XXXX

Compliance

State Testing

XXXX

This loan failed the application fee test. (XXXX XXXXXXXX6125(b)(2)(ii)) The loan is a second XXXX mortgage and charges a single application or loan origination fee that exceeds XXXX% of the original principal amount.

Acknowledged

XXXX

2196858

2 of 5

XXXX

Compliance

TRID - CD - Revised CD Delivery Date (Waiting Period, APR)

XXXX

XXXX Required: An APR outside of allowable tolerance required a corrected Closing Disclosure and the corrected Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX triggered a new XXXX-day waiting period. The baseline APR for comparison purposes was set on XX/XX/XXXX with an APR of XXXX%. The APR increased more than XXXX. Therefore, a new waiting period was triggered on XX/XX/XXXX. This CD was not received at least XXXX business days prior to consummation.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
CD AUDIT LOG

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2196858

3 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that cannot increase test. Because the loan failed the Revised Closing Disclosure Delivery Date Test (Waiting Period Required), any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions/increases: Origination Fee. The violation may be cured if documentation is provided showing the disclosure was delivered timely. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX/XXXX CD AUDIT LOG

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2196858

4 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196858

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2203840

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203840

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196859

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2196859

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196859

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2196860

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2196860

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196860

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. AVM supports value.

Cleared

XXXX

2203841

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203841

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203841

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2196861

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2196861

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196861

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2196862

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2196862

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196862

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX that supports the appraised value.

Cleared

XXXX

2196863

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2196863

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2200849

1 of 4

XXXX

Compliance

TRID - CD - Revised CD Delivery Date (Waiting Period, APR)

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Please see attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2200849

2 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Transfer Taxes. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2200849

3 of 4

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached

Response 1 (XX/XX/XXXX XX:XXAM)
Section 1 coverage does not reference all other perils. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX% DTI, XXXX qualifying credit score, subject property owned XXXX years, job stability - XXXX years, 0x30x48 mortgage history

XXXX. XXXX% LTV. XXXX% DTI.

XXXX

2200849

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2203842

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2203842

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2203842

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2200850

1 of 3

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX RECORDED SECURITY INSTRUMENT

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2200850

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2200850

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2209694

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2209694

2 of 4

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The loan application reflects the borrower owns an additional REO in XXXX XXXX; however the loan file does not contain documentation of the full PITIA for that property to be able to verify the total payment for qualifying. ***additional conditions may apply ***

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
MORTGAGE STMT

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2209694

3 of 4

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ALL PERILS EMAIL FROM AGENT

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2209694

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained an AVM dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2196864

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2196864

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196864

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2200851

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2200851

2 of 3

XXXX

Credit

Program Parameters - DTI

XXXX

The subject loan does not meet Investor Program Parameters for DTI. Per guides, XXXX is XXXX%. The subject loan was approved and closed with a DTI of XXXX%.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached

Response 1 (XX/XX/XXXX XX:XXAM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, $XXXX XXXX. residual income, subject property owned XXXX years, 0x30x133 mortgage history

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2200851

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2203843

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203843

2 of 3

XXXX

Credit

Verification Documentation - VVOE Salaried/Missing

XXXX

A VVOE is missing from the loan file. The loan file is missing a VVOE for the: borrower.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
VERBAL VOE

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2203843

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a BPO dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2196865

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2196865

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2196865

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained an AVM dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2200852

1 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2200852

2 of 5

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The date the borrower and non borrower signed on page XXXX of XXXX is missing.

Acknowledged

XXXX

2200852

3 of 5

XXXX

Compliance

TRID - CD - Non-Borrower with Right to Rescind

XXXX

There is no evidence of an initial CD provided to the non-borrower. Per regulation, CD(s) must be provided to all who have the right to rescind. Truth in XXXX (Regulation Z). 12 CFR 1026.19(f)(1)(i), 12 CFR 1026.2(a)(11).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
INITIAL CD AUDIT LOG

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
She signed to waive homestead only. She is not required to receive an ICD because she is neither a borrower nor on the title

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
Escalation.

Response 1 (XX/XX/XXXX XX:XXPM)
The information provided is not sufficient to cure the finding. The loan transaction is a refinance rescindable transaction and requires the Initial CD to be provided to all parties with the right to rescind XXXX days prior to consummation. Evidence the borrower electronically received the Initial CD on XX/XX/XXXX has been provided. Evidence the Initial CD has been provided to the non-borrowing spouse has not been provided. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. Although she is not a borrower or on XXXX; she executed the Mortgage and a Right to Cancel. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The information provided is sufficient to clear the finding. (Resolved)

XXXX

2200852

4 of 5

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was mailed, and therefore not received by the non-borrower XXXX business days prior to the consummation date XX/XX/XXXX. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
INITIL CD AUDIT LOG

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
She signed to waive homestead only. She is not required to receive an ICD because she is neither a borrower nor on the title

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
Escalation.

XXXX

2200852

5 of 5

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Not all required credit reports are within the file. The most recent credit report for the borrower is dated XX/XX/XXXX and the loan closed on XX/XX/XXXX. Guidelines require a gap credit report or undisclosed debt monitoring report no more than XXXX days prior to closing which is missing from the file. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PLS WAIVE. XXXX DOES NOT REQUIRE

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Updated guidelines dated XX/XX/XXXX provided with requirement of gap credit removed.

Response 1 (XX/XX/XXXX XX:XXAM)
This is required according to page XXXX of the guide. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2200853

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2200853

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2200853

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

he appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM, dated XX/XX/XXXX, which supports the appraised value.

Cleared

XXXX

2209695

1 of 2

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Recording fee. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PLS PROVIDE YOUR CALCULATION. TY

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
XXXX CURE DOCS

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The recording fee increased on the Final CD issued on XX/XX/XXXX from $XXXX to $XXXX without a valid COC. Please provide a detailed reason for the increase. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2209695

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2209696

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Prepayment requirements have been met.

Acknowledged

XXXX

2209696

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows: The date used for rate set is . The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z)12 CFR 1026.43(e)(1)(ii) Informational Only

Acknowledged

XXXX

2209696

3 of 3

XXXX

Credit

Program Parameters - Loan Amount

XXXX

The loan amount exceeds maximum allowable under the guidelines. The subject loan is a 2nd mortgage on a primary residence with a loan amount of $XXXX; however, the guidelines reflect the minimum loan amount is $XXXX. Therefore, the subject loan is an ineligible transaction.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX INTERNAL EXCEPTION APPROVAL

Response 1 (XX/XX/XXXX XX:XXAM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, 0x30x45 mortgage history, $XXXX XXXX. residual income

XXXX. $XXXX per month residual income. XXXX% DTI.

XXXX

2209697

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2209697

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2209697

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained an AVM dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2196866

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2196866

2 of 2

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Please see page XXXX of the HOI uploaded previously - it shows "all perils"

Response 1 (XX/XX/XXXX XX:XXAM)
All Perils are not referenced. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2209698

1 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Prepayment requirements have been met.

Acknowledged

XXXX

2209698

2 of 5

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2209698

3 of 5

XXXX

Compliance

State Testing

XXXX

This loan failed the XXXX COMAR higher-priced mortgage loan test. (XXXX COMAR 09.03.06.02B(XXXX), COMAR XXXX)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in the Code of XXXX Regulations (COMAR). The loan is a compliant HPML. Prepayment requirements have been met.

Acknowledged

XXXX

2209698

4 of 5

XXXX

Compliance

TRID - CD - Revised CD Delivery Date (Waiting Period, APR)

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX/XXXX CD AUDIT LOG

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2209698

5 of 5

XXXX

Credit

Income - W2(s) Missing

XXXX

XXXX's missing from the loan file for the co-borrower as required per the guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PLS SEE XXXX-XXXX YTD ON WVOE

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
No XXXX and XXXX income for XXXX received in rebuttal or in loan file. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2196867

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2196867

2 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The date the borrower and co-borrower signed the mortgage is missing.

Acknowledged

XXXX

2196867

3 of 4

XXXX

Compliance

TRID - LE/Revised LE Delivery Date (prior to consummation)

XXXX

Disagree

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
See attached

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2196867

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203844

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203844

2 of 3

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
HOI REBUTTAL

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2203844

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2203845

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203845

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203845

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained an AVM dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2203846

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203846

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203846

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2209699

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2209699

2 of 3

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The DTI exceeds Originator Guidelines. The Lender's guidelines state maximum DTI is XXXX%. The loan was approved and closed with a DTI of XXXX%. A recalculation of income and debts revealed an Audit DTI of XXXX%, which still exceeds maximum.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX INTERNAL EXCEPTION APPROVAL

Response 1 (XX/XX/XXXX XX:XXAM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: 0x30x82 mortgage history, subject property owned XXXX years,

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2209699

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2209700

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2209700

2 of 2

XXXX

Credit

Program Parameters - DTI

XXXX

The subject loan does not meet Investor Program Parameters for DTI. Per guidelines the maximum DTI is XXXX%, the subject loan closed with a DTI of XXXX, which is above the maximum. Guidelines do allow for an exception for maximum DTI up to XXXX% with compensating factors, however, the loan file did not contain an exception document.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX INTERNAL EXCEPTION APPROVAL

Response 1 (XX/XX/XXXX XX:XXAM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: Subject property owned XXXX years, XXXX qualifying credit score

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2203847

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203847

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203847

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX, which supports the original appraised value.

Cleared

XXXX

2203848

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203848

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203848

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained an AVM dated XX/XX/XXXX that supported the value.

Cleared

XXXX

2165751

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2165751

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165756

1 of 3

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM

Response 1 (XX/XX/XXXX XX:XXPM)
The Undiscounted Rate provided allows for the exclusion of bona fide discount points. Upon recalculation, the loan is compliant and passes the Points and Fees test. (Resolved)

XXXX

2165756

2 of 3

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Recording Fee and Document Preparation Fee, CD XX/XX/XXXX. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cured

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2165756

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190718

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190718

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190643

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190643

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222032

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222032

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221836

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221836

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222159

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222159

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2158227

1 of 2

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The name of the trust listed in the mortgage does not match the name of the trust listed in the trust document. The date of the trust on page XXXX of the mortgage and riders, XX/XX/XXXX, does not match the executed date of the trust on the certification of trust, XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Letter of Intent to Re-Record and corrected DOT and Riders for Trust date XX/XX/XXXX on signature lines

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Re-recorded, corrected DOT

Response 1 (XX/XX/XXXX XX:XXAM)
The referenced documentation was not received. Please provide for review. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2158227

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2163497

1 of 4

XXXX

Compliance

Federal - HOEPA (High Cost)/Points & Fees

XXXX

The loan failed the high-cost mortgage (HOEPA) points and fees threshold test due to the following: The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following points and fees were included in the calculation: Administration Fee $XXXX, Mortgage Broker Fee $XXXX, and XXXX Fee $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX, Compliance ease report and initial lock pricing

Response 1 (XX/XX/XXXX XX:XXAM)
The undiscounted rate provided is sufficient to clear the finding. (Resolved)

XXXX

2163497

2 of 4

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. The loan amount is less than $XXXX but at least $XXXX, and the transaction's total points and fees is $XXXX, whichexceeds XXXX percent of the total loan amount of $XXXX. The following fees were included in the testing: Administration Fee, Mortgage Broker, and XXXX CFR 1026.43(e)(3)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX, Compliance ease report and initial lock pricing

Response 1 (XX/XX/XXXX XX:XXAM)
The undiscounted rate provided is sufficient to clear the finding. (Resolved)

XXXX

2163497

3 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fee was not accepted: Automated Valuation Fee. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund.A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Tolerance cure check

Response 1 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2163497

4 of 4

XXXX

Credit

Program Parameters - Other

XXXX

Per Lender's guides, a second valuation product is required to be contained in the loan file to support the first appraisal product used to qualify. The loan file obtains an AVM from XXXX dated XX/XX/XXXX and a Property Condition Report from XXXX dated XX/XX/XXXX, which does not reflect a value. However, the loan file does not contain a second AVM as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2163495

1 of 5

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2163495

2 of 5

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. Guidelines dated XX/XX/XXXX permit AVMs from XXXX or XXXX. The primary AVM is from XXXX and secondary AVM provided is from XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
We did pull a mercury AVM, but per the below, XXXX can return any of the results so we should be good with our AVMs in the file

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2163495

3 of 5

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Insurance attached meets FNMA guidelines

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Insurance attached gives more breakdown of insurance. Not all policies include all perils. Some exclude flood and earthquake. What peril are you looking for?

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
This shows we are covered with the RCE.

Rebuttal 4 (XX/XX/XXXX XX:XXPM)
Attached email from agent confirming perils covered

Rebuttal 5 (XX/XX/XXXX XX:XXPM)
Attached is the email from agent confirming perils covered

Rebuttal 6 (XX/XX/XXXX XX:XXPM)
No policy will cover all XXXX. This one covers, Fire, Wind and Water. What other Perils need to be covered? UW can verify with the agent on other items.

Rebuttal 7 (XX/XX/XXXX XX:XXAM)
Per agent all FNMA required perils are covered

Response 1 (XX/XX/XXXX XX:XXAM)
All Perils are not referenced. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Fire, lightning, explosion, smoke, windstorm, hail, riot, civil commotion, aircraft, vehicles, vandalism. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Confirmation of All Perils is required by Investor. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
XXXX not received. (XXXX)

Response 5 (XX/XX/XXXX XX:XXPM)
Unable to clear. All perils not confirmed. (XXXX)

Response 6 (XX/XX/XXXX XX:XXAM)
Nothing new received since XX/XX/XXXX. Wind, Fire, and XXXX is not an All Perils designation. (XXXX)

Response 7 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2163495

4 of 5

XXXX

Credit

Program Parameters - DTI

XXXX

The subject loan does not meet Investor Program Parameters for DTI. The borrower was qualified with an HOI payment of $XXXX; however, review of the HOI policy confirms $XXXX. The DTI increased from XXXX% to XXXX% which exceeds guideline XXXX of XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Updated income worksheet grossing up income. Also updated XXXX showing updated DTI

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Per XXXX, "I was able to gross up the SSI XXXX% and the IHSS income is XXXX% Non Taxable as evidenced by the XXXXs in file and the Paystubs."

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
Pension was not grossed up just the SSA Per our PC Underwriter “I was able to gross up the SSI XXXX% and the IHSS income is XXXX% Non Taxable as evidenced by the XXXXs in file. I grossed up the IHSS Income by XXXX%.”

Response 1 (XX/XX/XXXX XX:XXPM)
Recalculation by originator of $XXXX is too high without confirmation that social security is XXXX% non-taxable. The lower gross up of $XXXX is currently correct. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Pension is taxable. The pension paystub reflects federal and state taxes withheld. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Explanation and documentation received is sufficient. (Resolved)

XXXX

2163495

5 of 5

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a primary and secondary AVM which support value.

Cleared

XXXX

2165703

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2165703

2 of 3

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. Per guidelines, AVM is required to be ordered through XXXX or XXXX, the primary valuation product was ordered through XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Seller Certificate

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Seller Certificate

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation not received. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2165703

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within a 10% variance

XXXX

The AVM did not support the value within a 10% variance. The secondary AVM does not have a FSD score above .XXXX as required by guidelines,

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The AVMs have an FSD score below .XXXX

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Seller Certificate

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX agrees. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Confidence score of XXXX is too low. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Documentation not received. (XXXX)

Response 4 (XX/XX/XXXX XX:XXAM)
The FSD score is XXXX. Please provide an acceptable AVM with an FSD score of no less than XXXX. (XXXX)

Response 5 (XX/XX/XXXX XX:XXAM)
BPO not received. (XXXX)

Response 6 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX (XX/XX/XXXX XX:XXPM)
please see BPO

Buyer Comment 2 (XX/XX/XXXX XX:XXAM)
BPO attached

XXXX

2163496

1 of 4

XXXX

Compliance

TRID - CD/Payee Not Listed

XXXX

The loan contains the following fee or fees where 'compensation to' does not reflect a XXXX on the revised CD. XXXX is missing in Section B.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PCCD

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2163496

2 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the addition to the following fees was not accepted: Doc Review Prep Fee. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z)12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Updated PCCD with the doc prep fee due shopped settlement agent, in box C accordingly

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Updated PCCD and placed the doc prep fee due shopped settlement agent, in box C accordingly

Response 1 (XX/XX/XXXX XX:XXPM)
Documents not received. Please resubmit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2163496

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2163496

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value.

Cleared

XXXX

2165755

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2165755

2 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the additions of the following fees were not accepted: Application and Underwriting on the revised LE issued on XX/XX/XXXX. If curing the violation with a refund, the following documents are required: LOE to consumer, PCCD and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX/XXXX LE added; $XXXX underwriting fees $XXXX application fee Uploaded CIC for points - rate lock ext

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2165755

3 of 4

XXXX

Credit

Assets - Other

XXXX

Per Lender's guides, gift funds are ineligible source of verified assets. The borrower is required to verify $XXXX in CTC. The borrower received gift funds of $XXXX, which are included in the assets verified. Without the gift funds, the borrower will be short verified funds of $XXXX.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Buyer Comment 1 (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, $XXXX monthly residual income, subject property owned XXXX years, job stability XXXX years, 0x30x45 mortgage history

XXXX. XXXX% CLTV.

XXXX

2165755

4 of 4

XXXX

Credit

Verification Documentation - VVOE Salaried/Aged

XXXX

A VVOE is required within XXXX Business Days of the Note Date. The VVOE in file is dated XX/XX/XXXX which is expired as of the Note date XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX were provided including one dated XX/XX/XXXX - page XXXX of the upload

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2165753

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2165753

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows: This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z) 12 CFR 1026.43(e)(1)(ii) Informational Only

Acknowledged

XXXX

2165753

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179385

1 of 3

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan is Non QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
New data tape reflecting Non-QM.

Response 1 (XX/XX/XXXX XX:XXPM)
According to theData Tape provided, the loan is a Qualified Mortgage. If the loan is Non-QM,please provide an updated XXXX re-designating the loan as Non-QM reflecting the loan was originated as Non-QM. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The new data tape provided is sufficient to clear the finding. (Resolved)

XXXX

2179385

2 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fee was not accepted: XXXX. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z)12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
coc

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
cure

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. The COC provided on XX/XX/XXXX does not provide a valid reason for the increase of the Appraisal fee without more details. The COC does not state why the fee increased. Provide information as to why the Appraisal fee increased. A cost to cure in the amount of $XXXX remains. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2179385

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165754

1 of 2

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Appraisal Fee $XXXX and Dual Signing $XXXX. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required, of which $XXXX was cured and $XXXX is still . Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
$XXXX cured at closing, COC for dual signing

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2165754

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165760

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2165760

2 of 2

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The Lender's guidelines reflect a maximum DTI of XXXX% with a FICO of XXXX. The loan was approved with a DTI of XXXX%; however, at time of origination the Borrower's income was improperly calculated. The loan file contains one paystub for the Borrower's current employment, which the Borrower had just started working with XX/XX/XXXX. The paystub reflects the Borrower makes $XXXX per hour. Audit income reflects XXXX's income to be $XXXX as opposed to $XXXX which was used at origination. The recalculated audit DTI is XXXX%, which exceeds the maximum DTI of XXXX%. Additional conditions may apply.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: Subject property owned XXXX years, XXXX qualifying credit score, 0x30x55 mortgage history

XXXX. XXXX% CLTV.

XXXX

2165758

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2165758

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2179386

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2179386

2 of 2

XXXX

Credit

Income - Insufficient Documentation

XXXX

The XXXX's conclusions on the adequacy and the stability of the applicant's income was not supported by documentation in the file. Per the Final Application the borrower is employed with {am XXXX solely on a commission basis. The loan file contains a single paycheck for the borrower dated XX/XX/XXXX, which reflects XXXX income for the borrower in the amount of $XXXX, which comes out to $XXXX/XXXX. This pay in addition to the borrowers verified Social Security income equals $XXXX total a month in income, however this results in an excessive DTI of XXXX%. Lender to provide updated documentation on the borrowers commission income to properly calculate DTI.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
ICW

Response 1 (XX/XX/XXXX XX:XXPM)
The income analysis provided does not document higher income or lower expenses than were documented at initial review. Please provide additional income and expense documentation to support a DTI within tolerance. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX years job stability, 0x30x51 mortgage history, subject property owned XXXX years, XXXX qualifying credit score,

XXXX. XXXX% CLTV. Job stability.

XXXX

2165745

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2165745

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2165745

3 of 4

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The DTI exceeds Originator Guidelines. Per program guidelines, the maximum DTI is XXXX%, the subject loan closed with a DTI of XXXX%, which is above the guidelines.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, subject property owned XXXX years, job stability XXXX years, 0x30x99+ mortgage history

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2165745

4 of 4

XXXX

Credit

Income - Other

XXXX

There are additional employment/income findings. At origination, the original underwriter miscalculated Borrower 1's income by considering the borrower's bi-weekly pay as weekly, which in turn increased the amount of the borrower's base pay. Upon recalculation using a written verification of employment and borrower's pay stub, the borrower's monthly employment income is $XXXX as opposed to $XXXX. This change resulted in the borrower DTI exceeding the maximum allowed.

Waived

Response 1 (XX/XX/XXXX XX:XXPM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2179384

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2179384

2 of 3

XXXX

Compliance

QM - APR Lending Policy

XXXX

The loan exceeds the APR lending policy threshold as follows: The note amount for a second XXXX is greater than or equal to ($XXXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXXX%. The date used for rate set is XX/XX/XXXX. Truth in XXXX (Regulation Z) 12 CFR 1026.43(e)(1)(ii)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation in Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
New data tape reflecting Non-QM.

Response 1 (XX/XX/XXXX XX:XXPM)
According to the Data Tape provided, the loan is a Qualified Mortgage. If the loan is Non-QM, please provide an updated XXXX re-designating the loan as Non-QM reflecting the loan was originated as Non-QM. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The new data tape provided is sufficient to clear the finding. (Resolved)

XXXX

2179384

3 of 3

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The loan file does not contain documentation on the borrower's investment property located at XXXX. The loan file is missing information on HOA dues if any, a Mortgage Statement to verify payment and escrows, property tax documentation and homeowner's insurance documentation.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Buyer Comment 1 (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: $XXXX monthly residual income, subject property owned XXXX years, 0x30x43 mortgage history

XXXX% CLTV. XXXX.

XXXX

2179383

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3)). The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following fees were included in the testing: Application Fee $XXXX, XXXX $XXXX, MERS $XXXX, Points $XXXX, Settlement Fee $XXXX and Underwriting Fee $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan is Non QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
New data tape reflecting Non-QM.

Response 1 (XX/XX/XXXX XX:XXPM)
According to the Data Tape provided, the loan is a Qualified Mortgage. If the loan is Non-QM, please provide an updated XXXX re-designating the loan as Non-QM reflecting the loan was originated as Non-QM. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The new data tape provided is sufficient to clear the finding. (Resolved)

XXXX

2179383

2 of 2

XXXX

Credit

Program Parameters - DTI

XXXX

The subject loan does not meet Investor Program Parameters for DTI. The origination underwriter excluded the XXXX and Interest payments for two of the borrowers retained investment prXXXXXXXX & XXXX), the loan file does not contain any documentation as to why the aforementioned two properties were excluded from calculation. With the Principal and Interest for those two properties included in the calculation, the loan file has a DTI of XXXX%, which is above the maximum allowed of XXXX%.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Buyer Comment 1 (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: Subject property owned XXXX years, job stability of XXXX years, 0x30x51 mortgage history, XXXX qualifying credit score, $XXXX monthly residual income

XXXX. XXXX% CLTV.

XXXX

2179382

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan is Non QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
New data tape reflecting Non-QM.

Response 1 (XX/XX/XXXX XX:XXPM)
According to the Data Tape provided, the loan is a Qualified Mortgage. If the loan is Non-QM, please provide an updated XXXX re-designating the loan as Non-QM reflecting the loan was originated as Non-QM. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The new data tape provided is sufficient to clear the finding. (Resolved)

XXXX

2179382

2 of 2

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The DTI exceeds Originator Guidelines. The origination underwriter omitted a HELOC debt with XXXXCB of $XXXX monthly and a balance of $XXXX secured by an REO located on XXXX with the statement the account was paid off. The loan file contains an HOI policy for that property that still reflects XXXXCB as the mortgagee, and the account is also showing on the Credit Report as a closed HELOC with a balance owing. The bank statements in the loan file do not reflect the account was paid off, and the loan file does not contain a Closing Disclosure reflecting the property was sold and paid in full. Therefore, audit review included the debt as required due to no proof of payoff, which increased the DTI from XXXX% to XXXX% exceeding the XXXX% maximum DTI guidelines for credit scores of XXXX. As a result, the subject loan is an ineligible transaction. ***additional conditions may apply ***

Resolved

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor.(Waived)

Buyer Comment 1 (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: Subject property owned XXXX years, $XXXX monthly residual income, 0x30x54 mortgage history

XXXX% CLTV. XXXX. $XXXX per month residual income.

XXXX

2165749

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2165749

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165763

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2165763

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165757

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2165757

2 of 2

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The DTI exceeds Originator Guidelines. The origination underwriter omitted an installment debt with XXXX in the amount of $XXXX per month with a balance if $XXXX. The loan file contains a credit report and a credit union statement both reflecting a balance outstanding. Audit review was able to increase the income by averaging the YTD paystub and prior years earning, which supported each other. The DTI still increased from XXXX% to XXXX%, which exceeded the maximum XXXX% DTI guidelines for a credit XXXX. Therefore, the subject loan is an ineligible transaction. ***Additional conditions may apply ***

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Buyer Comment 1 (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating: Subject property owned XXXX years, job stability XXXX years, 0x30x65 mortgage history

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2165747

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2165747

2 of 2

XXXX

Credit

Debts - Not Verified

XXXX

The loan file contains a letter of explanation which reflects the borrower owns XXXX. In addition, a utility bill in the borrower's name for this property is in the loan file. This property is not disclosed on the loan application. Per FNMA guidelines the PITIA of the other real estate owned must also be counted as part of the borrower's recurring monthly debt obligations. Additional conditions may apply.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Buyer Comment 1 (XX/XX/XXXX XX:XXPM)
Client reviewed, disclosed defect, item can be waived. Noted compensating factors: Job stability XXXX years, 0x30x43 mortgage history, XXXX qualifying credit score

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2165750

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2165750

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §1026.43(b)(4), (e)(1)). This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z)12 CFR 1026.43(e)(1)(ii) Informational Only

Acknowledged

XXXX

2165750

3 of 3

XXXX

Credit

Income - Miscalculated/DTI Exceeds Tolerance

XXXX

The income is miscalculated. The loan application reflects the co-borrower was receiving social security income of $XXXX monthly. A review of the income calculation from origination reflects this income was based on $XXXX grossed up to $XXXX monthly. However, a review of the award letter shows the co-borrower was receiving $XXXX monthly; grossed up results in $XXXX. The DTI increased from XXXX% to XXXX% exceeding the guideline maximum of XXXX% with a qualifying credit XXXX.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Buyer Comment 1 (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating Factors: Subject property owned XXXX years, job stability XXXX years, 0x30x44 mortgage history

XXXX% LTV. XXXX. $XXXX per month residual income.

XXXX

2165761

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2165761

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2165761

3 of 4

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Title - Title Search $XXXX, Title - Lender's Title Insurance $XXXX, Title - Closing $XXXX and Underwriting $XXXX. The loan fails the prohibited fees test by $XXXX. (MRS § 408.052(XXXX); 408.233(XXXX))

Acknowledged

XXXX

2165761

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165752

1 of 2

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a non-compliant HPML due to the following: appraisal not provided within XXXX days of consummation.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX delivery

Response 1 (XX/XX/XXXX XX:XXPM)
The XXXX receipt was sent to the borrower on XX/XX/XXXX; consummation was XX/XX/XXXX. The XXXX was not sent to the borrower at least XXXX days prior to consummation. However, the loan is a Qualified Mortgage and XXXX requirements are waived. The loan is a compliant Federal HPML. (Resolved)

Response 2 (XX/XX/XXXX XX:XXPM)
The XXXX receipt was sent to the borrower on XX/XX/XXXX; consummation was XX/XX/XXXX. The XXXX was not sent to the borrower at least XXXX days prior to consummation. However, the loan is a Qualified Mortgage and XXXX requirements are waived. The loan is a compliant Federal HPML. (Resolved)

XXXX

2165752

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165759

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2165759

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2165759

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165746

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2165746

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2165746

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2165748

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2165748

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2165748

3 of 3

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The following documents within the loan file contained the incorrect subject property address: Note, closing disclosure, XXXX, Mortgage, tax certificate, title property report, property condition report and Flood Certificate. The address per these documents is XXXX, XXXX, XXXX XXXX; however, the correct subject property address is XXXX, XXXX, XXXX XXXX (City mis-spelled).

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

Buyer Comment 1 (XX/XX/XXXX XX:XXPM)
Client reviewed, typographical/non-material error. Legal description is accurate. Compensating Factors: XXXX qualifying credit score, XXXX% DTI, Subject property owned XXXX years, 0x30x47 mortgage history

XXXX. XXXX% DTI. $XXXX per month residual income.

XXXX

2165762

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2165762

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2165762

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129908

1 of 2

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The method by which the notary acknowledged the borrower/non borrower signature is not checked.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
â€‹We acknowledge that the notary missed checking the box; however, the County accepted it. Is this material enough for correction and re-recording? If you do require a correction, what would you accept to clear this exception?

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Would you accept the notary book to confirm the notary as a cure?

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
The county recorder's office does not review the mortgagefor completeness and accuracy to compliance standards. The XXXX section must be complete. Please provide an updated Mortgage with pg. XXXX indicating if the borrower was personally appeared before the notary or if it was done remotely with the changes initialed by the notary with evidence of re-recording or a XXXX for review. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
A XXXX is an acceptable cure for the Notary to compete. (XXXX)

Response 3 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2129908

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2129903

1 of 2

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The subject loan is secured by a XXXX; however, the date of the trust is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Recorded SI

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2129903

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2130036

1 of 2

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Pud rider is missing name of association on the Rider page XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2130036

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203699

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203699

2 of 3

XXXX

Credit

Condo - Documentation

XXXX

The loan file is missing the Master Condo HOI to determine if the interior of the unit or improvements are covered. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
See attached HOI Master

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Master policy

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation not received. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2203699

3 of 3

XXXX

Credit

Condo - Documentation

XXXX

Subject is a condo. The file is missing the CPM which must not receive an "unavailable", "guide ineligible" or "incomplete certification" status designation. Project must be Fannie Mae warrantable (including master policy/HO6 requirements). Additional conditions may apply.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factor: XXXX qualifying credit score, XXXX% DTI, job stability XXXX years, 0x30x59 mortgage history

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2203706

1 of 2

XXXX

Compliance

TRID - Zero Tolerance Violation (Revised Disclosure Late)

XXXX

The loan failed the charges that cannot increase test. Because the change occurred on XX/XX/XXXX, and consumer was not provided the disclosure within XXXX days of the change, the increase to the following fees was not accepted as valid: Appraisal fee increased on revised LE XX/XX/XXXX. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
cure

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2203706

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221474

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221474

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190499

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190499

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190668

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190668

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190567

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190567

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203698

1 of 5

XXXX

Compliance

State Testing

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Points - Loan Discount Fee. The loan failed the prohibited fees test by $XXXX. (XXXX RCW §31.04.105)

Acknowledged

XXXX

2203698

2 of 5

XXXX

Compliance

TRID - CD - Revised CD Delivery Date (No Waiting Period)

XXXX

This loan failed the revised Closing Disclosure delivery date test (no waiting period required) due to the following: Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was mailed, and therefore not received by the consumer prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required. Truth in XXXX (Regulation Z) 12 CFR 1026.19(f)(2)(i)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cd TRACKING

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2203698

3 of 5

XXXX

Credit

Debts - Not Verified

XXXX

The Lender did not include the borrower's XXXX monthly payment of $XXXX or balance $XXXX, when calculating the qualifying DTI. The loan file does not contain any supporting documentation to evidence the account was paid off prior to the loan closing or reflected on the final Closing Disclosure as being paid off as required. By including the debt and recalculation of the borrower's rental income, the audit DTI increased from XXXX% to XXXX%.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: $XXXX residual income, Subject property owned XXXX years, 0x30x59 mortgage history

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2203698

4 of 5

XXXX

Credit

Income - Rental Property Income

XXXX

The Lender did not use XXXX% expense factor when calculating the borrower's rental income. By using the XXXX% expense factor, the rental income went from a positive $XXXX to positive $XXXX. By using the $XXXX towards the negative rental income results in -$XXXX and not $XXXX which was used to qualify the borrower. After recalculation the audit DTI increased from XXXX% to XXXX%, which exceeds the DTI max of XXXX%.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: $XXXX residual income, Subject property owned XXXX years, 0x30x59 mortgage history

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2203698

5 of 5

XXXX

Credit

Income - Rental Property/Missing Lease

XXXX

Per Lender's guides, the most recent tax return is required or a lease agreement if the property is not listed on schedule E of the tax return. The loan file does not contain the most recent tax return or a lease agreement as required.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: $XXXX residual income, Subject property owned XXXX years, 0x30x59 mortgage history

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2203700

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2203700

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §1026.43(b)(4), (e)(1)) The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z) 12 CFR 1026.43(e)(1)(ii) Informational Only

Acknowledged

XXXX

2203700

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2130049

1 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2130049

2 of 5

XXXX

Compliance

QM - APR Lending Policy

XXXX

The loan exceeds the APR lending policy threshold as follows: This loan failed the qualified mortgage APR threshold test. (12 CFR §1026.43(e)(2)(vi)). A qualified mortgage is a covered transaction which, among other requirements, is not negatively amortizing. The note amount for a first XXXX a non-manufactured home is less than ($XXXX) but greater than or equal to ($XXXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXXX%. The date used for rate set is XX/XX/XXXX. Truth in XXXX (Regulation Z)12 CFR 1026.43(e)(1)(ii) Informational Only.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation General ATR

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
NON QM

Rebuttal 3 (XX/XX/XXXX XX:XXAM)
New data tape provided.

Response 1 (XX/XX/XXXX XX:XXPM)
Statement of General ATR does not address whether the loan was originated as a Qualified Mortgage. If the loan is a Qualified Mortgage the finding is valid. If the loan is Exempt/Non-QM, please provide an updated XXXX re-designating the loan as Exempt/Non-QM and/or documentation reflecting the re-designation as Exempt/Non-QM. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
According to the Data Tape provided, the loan is a Qualified Mortgage. If the loan is Non-QM, please provide an updated XXXX re-designating the loan as Non-QM and/or documentation reflecting the loan was originated as Non-QM. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
The new data tape provided is sufficient to clear the finding. (Resolved)

XXXX

2130049

3 of 5

XXXX

Compliance

Security Instrument - Name Discrepancy

XXXX

The notary acknowledgement was not completed accurately. The last name of the individuals who personally appeared is reflected as "XXXX" however, the borrowers' last name is "XXXX."

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2130049

4 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (Disclosure Timing Fail)

XXXX

The loan failed the charges that cannot increase test.Because the loan failed the revised LE date test, XX/XX/XXXX , any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following increases: transfer taxes. The violation may be cured if documentation is provided showing the disclosure was delivered timely.A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z)12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
tracking

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Borrowers requested an increase on XXXX/XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Clarification on the issue. There was a COC in the file explaining the increase in transfer taxes due to loan amount increase, however there was not a date of when the lender became aware of the change. Evidence of when the COC was sent is not the same as evidence of when the lender became aware. This is needed in order to determine if the fee was disclosed timely. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2130049

5 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190596

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190596

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203694

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2203694

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2203694

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221475

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221475

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190712

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190712

2 of 2

XXXX

Credit

Debts - Not Verified

XXXX

The Lender qualified the Borrower based on HOA dues of $XXXX per month; however, the HOA cert was missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
HOA quarterly invoice provided supporting a payment of XXXX per quarter. XXXXx4=XXXX/XXXX months equals $XXXX per mos.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2203704

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203704

2 of 2

XXXX

Credit

Income - Insufficient Documentation

XXXX

The XXXX's conclusions on the adequacy and the stability of the applicant's income was not supported by documentation in the file. The origination income qualifying included income from XXXX for the borrower; however, the loan file only contained a letter from the agency, and XXXX bank statement to document proof of receipt. The guidelines under child support reflect to refer to FNMA guidelines for the requirements of income documentation. FNMA guidelines reflect that proof of a XXXX month history of providing foster care and receipt of income documentation for the most recent XXXX months, which were missing from the loan file as required.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Client reviewed and elects to waive. Noted Compensating Factors: XXXX qualifying credit score, job stability of XXXX years, 0x30x31 mortgage history, subject property owned XXXX years.

XXXX. XXXX DTI. $XXXX per month residual income.

XXXX

2221876

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221876

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221588

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221588

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203697

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203697

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190442

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190442

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221351

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221351

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221351

3 of 3

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. The loan file included an incomplete AVM.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
HVE

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221476

1 of 2

XXXX

Compliance

ROR - Timing

XXXX

The XXXX does not provide the borrower with XXXX business days to rescind the transaction. The rescission date is XXXX business days after the consummation date, the date the borrower receives the Final TIL/HUD-XXXX, or the date the borrower receives the Notice of Right to Cancel, whichever occurs last. The rescission date noted on the Right to Cancel Notice, XX/XX/XXXX is less than three business days from the consummation date, XX/XX/XXXX. Truth in XXXX (Regulation Z)12 CFR 1026.23(b)(1)(v), (a)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
NRTC response

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221476

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203705

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203705

2 of 2

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The subject loan closed with a DTI of XXXX%. The subject property appraisal noted the subject property had XXXX acres. The investor guidelines limited the DTI to XXXX% when property contained greater than XXXX acres and less than or equal to XXXX acres. Subject allowable DTI exceeded the maximum allowed per the guidelines.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, $XXXX residual income, 0x30x58 mortgage history

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2199479

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2199479

2 of 2

XXXX

Credit

Debts - Not Verified

XXXX

The credit report reflects a revolving credit card with XXXX with a balance of $XXXX and a monthly payment of $XXXX. This debt was omitted from the DTI calculation; however, the documentation provided does not confirm a zero balance. Recalculation of DTI inclusive of debt increases from XXXX% to XXXX% which exceeds maximum allowable of XXXX%.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Superior CU

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
This is a Closed End Second with a XXXX and CLTV of XXXX%. XXXX allowed is XXXX% so your DTI is within guidelines.

Response 1 (XX/XX/XXXX XX:XXPM)
Debt is valid. DTI exceeds XXXX%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Credit score is XXXX. Score must be XXXX to exceed XXXX% DTI. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating Factors: Subject property owned XXXX years, job stability XXXX years, XXXX% CLTV

XXXX% CLTV. XXXX and Employment Industry History.

XXXX

2203707

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2203707

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §1026.43(b)(4), (e)(1)) The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z) 12 CFR 1026.43(e)(1)(ii) Informational Only

Acknowledged

XXXX

2203707

3 of 3

XXXX

Credit

Appraisal - Appraisal Missing

XXXX

The subject is located in the state of XXXX. Per the guidelines, a full appraisal is required. Two full appraisals were located in the file dated XX/XX/XXXX and XX/XX/XXXX which expired. Guidelines state appraisals must be dated within XXXX months of the note date which is XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX was completed, S&D reason

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2203703

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2203703

2 of 4

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The homeowners insurance policy for the subject property had a policy period from XX/XX/XXXX to XX/XX/XXXX. An updated policy with current coverages and premium is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
HOI

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2203703

3 of 4

XXXX

Credit

Income - Miscalculated/DTI Exceeds Tolerance

XXXX

The subject loan was approved and closed with a credit XXXX and DTI of XXXX% based on total income of base pay of $XXXX plus overtime of $XXXX for a total income of $XXXX. The maximum allowed DTI for a XXXX was XXXX%. Paystubs provided reflected borrower is paid on an hourly rate and based on the prior XXXX years base income, the monthly income fluctuated. Bonus income used at origination was supported. Audit total income for both base and overtime was $ XXXX, resulting in an increased DTI of XXXX% and exceeded the maximum DTI allowed based on the borrower's credit score.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: Subject property owned XXXX years, XXXX% LTV, 0x30x49n mortgage history

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2203703

4 of 4

XXXX

Credit

Title Commitment - Other

XXXX

A XXXX Report was provided and verified the senior XXXX and no other liens or encumbrances existed. The investor guidelines required a Residential Equity Loan Policy Certificate (RELP) or a Home Equity Loan Policy Certificate (HELP) evidencing coverage under a Master Residential Equity Loan Policy. Additional option are allowed per the investor guidelines in states or loan scenarios where MRELP or MHELP are not available. Required documents were not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see MRelp

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2199453

1 of 2

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a non-compliant HPML due to the following: Appraisal and evidence appraisal was received within XXXX days of consummation is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Invalid - AVM not required

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
QM Presumption of Compliance

Response 1 (XX/XX/XXXX XX:XXPM)
The loan was originated as Non-QM. Only Qualified Mortgages are exempt from appraisal requirements (this would include safe harbor or rebuttable presumption). In order to meet the appraisal requirements, a full appraisal with interior photos by a certified appraiser is required. Appraisal must have been received by the borrower at least XXXX business days prior to closing. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199453

2 of 2

XXXX

Credit

Income - Missing

XXXX

The loan file is missing income documents. The borrower was qualified with base income of $XXXX and other income of $XXXX. The file only contained the XXXX W2. The income calculation sheet indicated a WVOE and year end paystubs were utilized. The file is missing the WVOE and paystubs used to qualify in order to determine base and other income. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
WVOE

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221591

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221591

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190244

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190244

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199444

1 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (Revised Disclosure Late)

XXXX

The loan failed the charges that cannot increase test. Because the change occurred on XX/XX/XXXX, and consumer was not provided the disclosure within XXXX days of the change, the increase to the following fees was not accepted as valid: Points (XX/XX/XXXX). If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cure

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199444

2 of 3

XXXX

Credit

Flood Certificate - Missing

XXXX

The flood certificate is missing for subject property.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2199444

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a AVM, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2190470

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Points fee. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a)).

Acknowledged

XXXX

2190470

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203702

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2203702

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2203702

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199489

1 of 3

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a non-compliant HPML due to the following: Evidence the appraisal was was provided to borrower(s) within XXXX days of consummation is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Invalid - AVM was completed

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
QM Presumption of Compliance

Response 1 (XX/XX/XXXX XX:XXAM)
The loan was originated as Non-QM. Only Qualified Mortgages are exempt from appraisal requirements (this would include safe harbor or rebuttable presumption). In order to meet the appraisal requirements, a full appraisal with interior photos by a certified appraiser is required. Appraisal must have been received by the borrower at least XXXX business days prior to closing. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The information provided is sufficient to clear the finding. (Resolved)

XXXX

2199489

2 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. The loan charges a fee not provided for in the act. A lender is prohibited from charging fees, except those provided for in this act. This test includes the following fees: Points. (XXXX XXXXXXXX §6122(a))

Acknowledged

XXXX

2199489

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203696

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2203696

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2203696

3 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203696

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM report dated XX/XX/XXXX which supports the original appraised value.

Cleared

XXXX

2190498

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190498

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199474

1 of 2

XXXX

Compliance

TRID - 10% Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Title - Tax Certification Fee, Title - Deed Prep Fee, and Title - Lender's XXXX. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(ii); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cure

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199474

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190752

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190752

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190491

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APRXXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Prepayment requirements have been met.

Acknowledged

XXXX

2190491

2 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Points - Loan Discount Fee. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a))

Acknowledged

XXXX

2190491

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190337

1 of 2

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX and consent

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2190337

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199469

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following fees were included in the testing: Points Loan Discount Fee $XXXX. If discount points and fees are bona-fide and excludable, provide undiscounted rate. Truth In Lending Act (Regulation Z) 12 CFR 1026.43(e)(2)(iii), (e)(3).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
NONQM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Non-QM

Response 1 (XX/XX/XXXX XX:XXPM)
If the loan is Non-QM, please provide documentation reflecting the loan was originated as Non-QM. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Based on the new data tape provided, the loans was originated as Non-QM and is sufficient to clear the finding. (Resolved)

XXXX

2199469

2 of 2

XXXX

Credit

Liabilities - Missing Debts/ DTI Exceeds Tolerance

XXXX

The property taxes for the borrowers' vacant land at XXXX was not included in the origination DTI. Inclusive of the property taxes of $XXXX the DTI increased from XXXX% to XXXX%. The maximum DTI allowed per the guidelines is XXXX% with a minimum credit XXXX.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Revised

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Income Summary

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX abd XXXX received. Please document the numbers that changed to arrive at the new DTI. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Please document justification for including bonus income of $XXXX per month that only occurred in XXXX. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Client reviewed and elects to waive. Noted Compensating factors: Subject property owned XXXX years, 0x30x66 mortgage history, $XXXX residual income (excluding the $XXXX bonus income).

XXXX% CLTV. $XXXX per month residual income. XXXX years in subject property.

XXXX

2190272

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2190272

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190423

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190423

2 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Points fee. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a)).

Acknowledged

XXXX

2190423

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199497

1 of 5

XXXX

Compliance

Federal - HOEPA (High Cost)/Points & Fees

XXXX

The loan failed the high-cost mortgage (HOEPA) points and fees threshold test due to the following: The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX% of the total loan amount of $XXXX. The following points and fees were included in the calculation: Application Fee $XXXX Appraisal Fee $XXXXAppraisal Management Fee $XXXX and Points $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM response

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199497

2 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2199497

3 of 5

XXXX

Compliance

State Testing

XXXX

The file failed one or more of the state threshold tests. This loan failed the points test. (AC §XXXX-XXXX-XXXX) The "points" (total amount of fees paid to the lender or broker) exceed XXXX% of the original principal balance. A creditor may, pursuant to a consumer credit transaction contract secured by an interest in real property, charge and collect points in an amount not to exceed XXXX percent of the original principal balance in the case of a closed-end consumer credit transaction, or XXXX percent of the total line of credit in the case of an open-end credit plan. Points may be paid in cash at the time of the consumer credit transaction, or may be deducted from the proceeds and included in the original amount financed or financed under the open-end credit plan. Points shall be in addition to all other charges, are fully earned on the date of the consumer credit transaction, and may be excluded from the finance charge for the purpose of computing any finance charge credit or refund

Acknowledged

XXXX

2199497

4 of 5

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Points. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. A reimbursement on the amount of $XXXX (cure for Appraisal Management Fee) was provided at closing and $XXXX is still due. Truth in XXXX (Regulation Z)12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199497

5 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199473

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2199473

2 of 2

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The origination credit report in file reflected a 2nd mortgage with XXXX was opened in XXXX/XXXX for $XXXX, with a monthly payment of $XXXX. The documentation in file reflected the $XXXX payment being included in the qualifying debt-to-income ratio; however, the title documentation in file did not reflect that XXXX, and the loan file did not contain any documentation confirming the property securing the above referenced 2nd mortgage, or that it was paid off and satisfied before the subject loan closing. Additional conditions may apply upon receipt of the required information.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
The XXXX loan in question was funded then un-funded. Please see attached.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2199468

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2199468

2 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Appraisal fee, XXXX fee and XXXX Re-Inspection fee. A cost to cure in the amount of $XXXX is required, of which $XXXX was cured after closing on XX/XX/XXXX. There is a remaining cost to cure in the amount of $XXXX. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cure

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199468

3 of 3

XXXX

Credit

Program Parameters - CLTV

XXXX

The subject loan does not meet Program Parameters for CLTV. Excessive LTV due to loan approval qualifying value was $XXXX; however, the loan file had only an appraisal with an appraised value of $XXXXk. The loan file had an AVM that supported a value of $XXXX; FSD XXXX% which resulted in an LTV of XXXX%.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX% DTI, subject property owned XXXX years, job stability XXXX years, 0x30x52 mortgage history, $XXXX XXXX. residual income

XXXX% DTI. XXXX years in subject property. $XXXX per month residual income.

XXXX

2190320

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190320

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190608

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190608

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221318

1 of 3

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a non-compliant HPML due to the following: missing appraisal acknowledgment of receipt.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Not required for CES - AVM

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Non-QM

XXXX

2221318

2 of 3

XXXX

Credit

Income - Earnings Continuity

XXXX

The XXXX reflects the borrower receives $XXXX in retirement income. The loan file contains a letter of explanation stating this income is from a tax-free annuity for life. The bank statement shows the source of the deposit has XXXX. Per FNMA guidelines if the source of the income is from insurance/personal annuity: The lender must document that income is expected to continue for at least XXXX years from the note date. The likelihood that such earnings will continue was not properly demonstrated. In addition, the lender must verify that the source of income is nontaxable, using documentation such as award letters, policy agreements, account statements, tax returns or any other documents that address the nontaxable status of the income. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please review the uploaded Annuity Letter

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2221318

3 of 3

XXXX

Credit

Income - Social Security/Pension

XXXX

The XXXX reflects the qualifying SSI income of $XXXX. The loan file contains a SSI award letter reflecting monthly benefit of $XXXX. The borrower’s SSI income was calculated as $XXXX x XXXX% = $XXXX at origination. Per the lender’s guidelines if more than XXXX% of SSI is grossed-up, documentation to verify the income is non-taxable is required. The loan file did not contain documentation to verify the income is non-taxable.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Tax Returns

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2199458

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2199458

2 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fee was not accepted: Appraisal /appraisal management fee. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z)12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cure

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199458

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199451

1 of 2

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Invalid - not required on CES AVM

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Non-QM

XXXX

2199451

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190492

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190492

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190313

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190313

2 of 2

XXXX

Credit

Program Parameters - CLTV

XXXX

The lenders TLTV is XXXX% using a balance for first mortgage of $XXXX. The file does not contain documentation to verify the balance used to calculate TLTV. A print out in the file dated XX/XX/XXXX for the first mortgage shows UPB of $XXXX. Using the verified balance in the loan file, the TLTV is XXXX%. Per the guidelines, the maximum TLTV with a credit XXXX is XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
1st XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2199488

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2199488

2 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Points $XXXX and Title Warranty fee $XXXX. The loan fails the prohibited fees test by $ XXXX. (XXXX XXXXXXXX §6122(a)).

Acknowledged

XXXX

2199488

3 of 3

XXXX

Credit

Appraisal - Missing required 1004 D

XXXX

Missing required XXXXD to validate required repairs. The origination appraisal in file was made "subject to" the repair of the rear steps and addition of a handrail. The loan file did not contain a XXXXD confirming the required repairs were completed as required.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating Factors: XXXX% DTI; job stability XXXX years, subject property owned XXXX years, 0x30x84 mortgage history

XXXX% CLTV. XXXX% DTI. Job stability. Residence stability.

XXXX

2190662

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190662

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190327

1 of 2

XXXX

Compliance

TRID - CD - Non-Borrower with Right to Rescind

XXXX

There is no evidence of an initial and/or revised CD provided to the non-borrower. Per regulation, CD(s) must be provided to all who have the right to rescind. Truth in XXXX (Regulation Z). 12 CFR 1026.19(f)(1)(i), 12 CFR 1026.2(a)(11).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
tracking

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2190327

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190310

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190310

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190415

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190415

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190386

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190386

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199456

1 of 3

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3)). The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following fees were included in the test : Abstract fee $XXXX; Application fee $XXXX, Loan discount points $XXXX and settlement/closing fee $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Non-QM

XXXX

2199456

2 of 3

XXXX

Compliance

ROR - Missing

XXXX

There is no evidence in the file that the Right to Cancel Notice was provided to the borrower with a right to rescind. Truth in XXXX (Regulation Z)12 CFR 1026.23(b), (a)(1).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
NRTC

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199456

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190666

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190666

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190706

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190706

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199454

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2199454

2 of 2

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The XXXX and XXXX reflect "other" in the amount of $XXXX in the subject PITIA. The first lien is an FHA loan, which would include mortgage insurance. The loan file contains no documentation to verify the amount of $XXXX as "other" in the PITIA. The loan file does not contain an XXXX Cert or mortgage statement for the first lien to verify escrows or if the "other" amount is XXXX. Please provide first XXXX mortgage statement. Additional conditions may apply.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXAM)
Client reviewed and elects to waive. Noted compensating factors: XXXX% DTI, Subject property owned XXXX years, Self-employed XXXX years, 0x30x84 mortgage history

XXXX. XXXX% DTI. XXXX% CLTV.

XXXX

2190221

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190221

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190592

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190592

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190571

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR, XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The loan is a compliant HPML. Prepayment requirements have been met.

Acknowledged

XXXX

2190571

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199487

1 of 3

XXXX

Compliance

FACTA Disclosure - Missing

XXXX

The FACTA Disclosure (Notice to Home Loan Applicant/Credit Information Disclosure) is missing for the borrower.

Acknowledged

XXXX

2199487

2 of 3

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was mailed, and therefore not received by the consumer XXXX business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ICD

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199487

3 of 3

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Not all required credit reports are within the file. The credit report for borrower XXXX is missing. This report should reflect the XXXXst mortgage pay history.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Credit Report

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190486

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190486

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190276

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190276

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190507

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190507

2 of 3

XXXX

Compliance

State Testing

XXXX

This loan failed the XXXX XXXX CMR XXXX higher-priced mortgage loan test. (XXXX XXXX CMR XXXX). Prepayment and appraisal requirements have been met.

Acknowledged

XXXX

2190507

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199457

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2199457

2 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test.A valid change of circumstance was not provided in the loan file. Therefore, the addition to the following fee was not accepted: Lenders title insurance. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z)12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
coc

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
cure

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to cure the finding. The COC dated XX/XX/XXXX has a valid reason for the addition to the title - Lenders Title Insurance Fee. The addition of the fee was not disclosed until the CD issued on XX/XX/XXXX and is not within XXXX days of the change. A cost to cure in the amount of $XXXX is required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199457

3 of 3

XXXX

Credit

Income - W2(s) Missing

XXXX

XXXX's missing from the loan file. The borrower has been employed with XXXX since XX/XX/XXXX. The loan file contains a year to date paystub, but is missing a W2 or similar to support XXXX income. Unable to verify income used to qualify.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
VOI with XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2199467

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3)). The loan amount is less than $XXXX but at least $XXXX, and the transaction's total points and fees is $XXXX, which exceeds $XXXX. The following fees were included in the testing: Title Search Fee $XXXX, Application Fee $XXXX, Points $XXXX, Closing Fee $XXXX and Underwriting Fee $XXXX. If discount points and fees are bona-fide and excludable, provide undiscounted rate. Truth In Lending Act (Regulation Z). 12 CFR 1026.43(e)(2)(iii), (e)(3)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Non-QM

Response 1 (XX/XX/XXXX XX:XXPM)
According to the XXXX provided, the loan is a QM Rebuttable Presumption. If the loan is Non-QM, please provide an updated XXXX re-designating the loan as Non-QM and/or documentation reflecting the loan was originated as Non-QM. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Based on the new data tape provided, the loans was originated as Non-QM and is sufficient to clear the finding. (Resolved)

XXXX

2199467

2 of 2

XXXX

Credit

Liabilities - Excluded Debts

XXXX

The loan file reflects two accounts XXXX with a payment of $XXXX per month & XXXX with a payment of $XXXX per month that were excluded from the borrower's DTI based on accounts being paid off prior to closing. The loan file does not contain any documentation to confirm debts were paid before closing. Recalculation of DTI inclusive of debts increases the DTI from XXXX% to XXXX% which exceeds the maximum allowable of XXXX% for a XXXX credit score.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Invalid - you need to look at the last page to the Closing Disclosure - Addendum to Closing Disclosure, where it shows both are being paid at closing

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
New credit report shows that XXXX was paid off in June. If we exclude XXXX but add XXXX the DTI is XXXX%. Would you agree to this? I&#XXXX;ll escalate the loan to DR for possible exception. Thanks!

Response 1 (XX/XX/XXXX XX:XXAM)
XXXX and XXXX reflect they were XXXX. There are no funds in the file. Documentation of payment is required to exclude. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Please provide exception for XXXX% DTI. (XXXX)

Response 3 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating Factors: Self-employed XXXX years, subject property owned XXXX years, 0x30x83 mortgage history

XXXX years self-employed. XXXX years in subject property. XXXX% CLTV.

XXXX

2190412

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190412

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190508

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190508

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199472

1 of 9

XXXX

Compliance

HOC - Missing

XXXX

The Homeownership Counseling Disclosure (HOC) is missing. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a).

Acknowledged

XXXX

2199472

2 of 9

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Invalid

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
All XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Thedocumentation provided is not sufficient to cure the finding. The CD issued on XX/XX/XXXX signed by the XXXX-borrower has been provided. Evidence a CD was provided at least XXXX days prior to consummation to all that have the right to rescind is required. Please provide the CD signed by the borrower for review. In addition, the Final CD is also only signed by the co-borrower; please provide evidence the borrower received the Final CD. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199472

3 of 9

XXXX

Credit

Appraisal - Appraisal Missing

XXXX

The loan file did not contain an appraisal, AVM or property condition report.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
AVM and Property Condition report

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2199472

4 of 9

XXXX

Credit

Credit - Other

XXXX

The XXXX provided in the loan file reflects "other" monthly payment under proposed housing of $XXXX. No documentation was provided to confirm.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Updated XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2199472

5 of 9

XXXX

Credit

Credit - Other

XXXX

The loan file did not contain any documentation to confirm property taxes.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Property Tax

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2199472

6 of 9

XXXX

Credit

Credit - Other

XXXX

The loan file did not contain documentation to confirm current HOA dues.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
HOA

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2199472

7 of 9

XXXX

Credit

Income - Other/Missing

XXXX

The loan file is missing current paystub, XXXX W2 and verbal verification of employment for co-borrower. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX, VOE, XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2199472

8 of 9

XXXX

Credit

Income - Other/Missing

XXXX

The loan file is missing documentation to verify co-borrower's Social Security income and retirement income. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
SSI and XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2199472

9 of 9

XXXX

Credit

Income - Social Security/Pension

XXXX

The loan file is missing documentation to verify retirement income for the borrower. Additional conditions may apply.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Pension

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
SSI for XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Still missing documentation of XXXX income for the primary borrower. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190477

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190477

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190555

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190555

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190231

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190231

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199447

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2199447

2 of 2

XXXX

Credit

Income - Miscalculated/DTI Exceeds Tolerance

XXXX

The income is miscalculated. The loan application reflects the borrower was receiving SSI $XXXX monthly and the co-borrower was receiving SSI $XXXX monthly. A review of the income calculation from origination reflects this income was calculated based on the XXXX SSA1099s $XXXX and $XXXX grossed up by XXXX%. The loan file contained XXXX XXXX which reflected XXXX% of the borrowers’ income was non-taxable resulting in qualifying income of $XXXX for the borrower and $XXXX for the co-borrower. As a result, the DTI increased to XXXX%. Per the lender’s guidelines with a DTI over XXXX% the minimum required FICO score is XXXX. The subject loan qualifying score is XXXX.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. DTI XXXX vs. XXXX. Noted Compensating factors: 0x30x51 mortgage history, subject property owned XXXX years, XXXX% CLTV

XXXX% CLTV. XXXX years in subject property. Perfect mortgage history.

XXXX

2199449

1 of 3

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a non-compliant HPML due to the following: acknowledgement that the borrower received the appraisal at least XXXX business days prior to closing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Invalid - not required on CES - AVM

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
QM

Response 1 (XX/XX/XXXX XX:XXPM)
The loan was originated as Non-QM. Only Qualified Mortgages are exempt from appraisal requirements (this would include safe harbor or rebuttable presumption). In order to meet the appraisal requirements, a full appraisal with interior photos by a certified appraiser is required. Appraisal must have been received by the borrower at least XXXX business days prior to closing. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The loan is a compliant Federal HPML, XXXX requirements are not applicable. The loan is QM. (Resolved)

XXXX

2199449

2 of 3

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the addition to the following fee was not accepted: Title - State Premium Tax (XX/XX/XXXX). If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z). 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
coc

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
cure

Response 1 (XX/XX/XXXX XX:XXPM)
The COC only states that premium tax was added without a reason. This would be a known fee at application that a tax would be required. Additional information would be required. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199449

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190416

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190416

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190218

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190218

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190357

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190357

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190496

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM

XXXX

2190496

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190293

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190293

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199490

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2199490

2 of 3

XXXX

Credit

Title Commitment - Other

XXXX

A XXXX Report was provided from XXXX. The Investor guidelines required a Residential Equity Loan Policy Certificate (RELP) or a Home Equity Loan Policy Certificate (HELP) evidencing coverage under a Master Residential Equity Loan Policy.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
title

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2199490

3 of 3

XXXX

Credit

Verification Documentation - VOE Self-Employed/Missing

XXXX

The Coborrower, XXXX, was self-employed with XXXX. The investor guidelines required borrower's business to be verified within XXXX calendar days of the Note date. Required documentation was not provided as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
VOE

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2190281

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190281

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190562

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190562

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190702

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190702

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221481

1 of 2

XXXX

Compliance

State Testing

XXXX

The file failed one or more of the state threshold tests. This loan failed the high-cost home loan points and fees threshold test. (XXXX AB XXXX, § XXXX.), (XXXX SB XXXX, § XXXX.) The total points and fees of this loan, which are $XXXX, exceed the following thresholds based on the total loan amount, which is $XXXX. The total points and fees exceed XXXX% of the total loan amount. The total loan amount is $XXXX or more.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
This was cured in XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221481

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199493

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2199493

2 of 2

XXXX

Credit

Title Commitment - Missing/Incomplete

XXXX

The investor guidelines required a XXXX report or Property Report verifying the senior XXXX and no other liens or encumbrances exist and either a Residential Equity Loan Policy Certificate (RELP) Home Equity Loan Policy Certificate (HELP), evidencing the loan is covered under a Master Residential Equity Loan Policy. Required documentation was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Attached is the Transaction Certificate for the property located at XXXX, XXXX, XXXX XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190303

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190303

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190345

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190345

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190544

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190544

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190565

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190565

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190308

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190308

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190505

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190505

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199452

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Non-QM

XXXX

2199452

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190521

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190521

2 of 2

XXXX

Credit

Program Parameters - CLTV

XXXX

The documentation verifying the $XXXX unpaid balance of the 1st XXXX is missing. Without this verification the CLTV will exceed the XXXX allowable of XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
1st XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190404

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190404

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190285

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190285

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199463

1 of 2

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Discount Points. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cure

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199463

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199498

1 of 2

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

Resolved

Response 1 (XX/XX/XXXX XX:XXPM)
Qualified Mortgage, appraisal requirement not applicable. Compliant HPML. (Resolved)

XXXX

2199498

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199481

1 of 2

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Points. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
COC

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199481

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190463

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190463

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190307

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190307

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190302

1 of 2

XXXX

Compliance

State Testing

XXXX

This loan failed the discount fee test. ( N.J.S.A. §XXXX:11C-XXXX, N.J.A.C. §§XXXX:XXXX-XXXX ) The loan charges a discount fee that exceeds XXXX% of the principle amount of the loan.

Acknowledged

XXXX

2190302

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190581

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3)). The loan amount is less than $XXXX but at least $XXXX, and the transaction's total points and fees is $XXXX, which exceeds $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX reduces the fees and passes QM

Response 1 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2190581

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190749

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190749

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199462

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2199462

2 of 3

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Initial CD and eConsent

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
XXXX.

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is not sufficient to clear the finding. The document shows that XXXX received the Initial CD, however it also shows that XXXX never received the Initial CD (Upheld)

Response 2 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199462

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199465

1 of 2

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Initial CD&#XXXX;s

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199465

2 of 2

XXXX

Credit

Income - Insufficient Documentation

XXXX

The borrowers were qualified with a debt-to-income ratio of XXXX based on combined monthly income of $XXXX, which included monthly Social Security income of $XXXX for borrower XXXX, and $XXXX monthly employment income from XXXX for borrower XXXX. The Work Number in file reflected borrower XXXX was no longer employed by XXXX as of XX/XX/XXXX, and the loan file did not contain any additional documentation confirming borrower XXXX was employed after XX/XX/XXXX. In addition, the XXXX award letter in file for borrower XXXX reflected a monthly benefit of $XXXX, which grossed up XXXX% was $XXXX. The DTI recalculated with the revised Social Security, and omission of borrower XXXX's income was XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please see attached. Borrower obtained a new job and was employed at the time of closing.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190574

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190574

2 of 4

XXXX

Compliance

State Testing

XXXX

The file failed one or more of the state threshold tests. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in the XXXX Financial Code. The loan is a compliant HPML. Prepayment requirements have been met.

Acknowledged

XXXX

2190574

3 of 4

XXXX

Compliance

TRID - CD/Lender Credits that Cannot Decrease (No Valid COC)

XXXX

The loan failed the Lender Credits that Cannot Decrease Test. The lender credit decreased on the CD issued on XX/XX/XXXX without a valid change of circumstance. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i) & Official Comment 19(e)(3)(i)-XXXX, -XXXX; 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
coc

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2190574

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190319

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190319

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190638

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190638

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190440

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Points fee. The loan fails the prohibited fees test by $XXXX. (XXXX RCW §31.04.105).

Acknowledged

XXXX

2190440

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190476

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190476

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190255

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190255

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199445

1 of 2

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

Federal - HPML APR/Non-Compliant. This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a non-compliant HPML due to the following: missing appraisal acknowledgment of receipt.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Invalid - not required on CES AVM

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
QM

Response 1 (XX/XX/XXXX XX:XXPM)
The loan was originated as Non-QM. Only Qualified Mortgages are exempt from appraisal requirements (this would include safe harbor or rebuttable presumption). In order to meet the appraisal requirements, a full appraisal with interior photos by a certified appraiser is required. Appraisal must have been received by the borrower at least XXXX business days prior to closing. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The information provided is sufficient to clear the finding. (Resolved)

XXXX

2199445

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199480

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Non-QM

Response 1 (XX/XX/XXXX XX:XXAM)
Based on the new data tape provided, the loans was originated as Non-QM and is sufficient to clear the finding. (Resolved)

XXXX

2199480

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199494

1 of 3

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a non-compliant HPML. Appraisal requirements have not been met.

Resolved

Response 1 (XX/XX/XXXX XX:XXPM)
Qualified Mortgage, appraisal requirement not applicable. Compliant HPML. (Resolved)

XXXX

2199494

2 of 3

XXXX

Compliance

State Testing

XXXX

This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a)). The loan exceeded the XXXX higher-priced mortgage loan test. The loan has an APR of XXXX%. The XXXX APR threshold is XXXX%. The loan is a non-compliant HPML. Appraisal requirements have not been met.

Resolved

Response 1 (XX/XX/XXXX XX:XXPM)
Qualified Mortgage, appraisal requirement not applicable. Compliant HPML. (Resolved)

XXXX

2199494

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199450

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Updated Data tape reflecting Non-QM has been provided

Response 1 (XX/XX/XXXX XX:XXPM)
According to the Data Tape provided, the loan is a QM Rebuttable Presumption. If the loan is Non-QM, please provide an updated XXXX re-designating the loan as Non-QM and/or documentation reflecting the loan was originated as Non-QM. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The data tape reflecting the loan was originated as NonQM is sufficient to cure the exception. (Resolved)

XXXX

2199450

2 of 2

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters. The subject loan was delivered as a cash out refinance with total debt payoffs of $XXXX, which included an existing 2nd mortgage with XXXX in the amount of $XXXX. The origination credit report and Title documents indicated the existing 2nd mortgage with XXXX was opened on XX/XX/XXXX. Lender guidelines state borrowers must not have a prior cash out on the subject property in the last XXXX months prior to the subject note date. The new 2nd mortgage note date was XX/XX/XXXX and the prior 2nd mortgage did not meet the XXXX month seasoning requirement.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, $XXXX residual income, 0x30x74 mortgage history, subject property owned XXXX years, XXXX stability XXXX years

XXXX years job stability. In subject property XXXX years. XXXX% DTI.

XXXX

2190326

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190326

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190649

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190649

2 of 2

XXXX

Credit

Income - Pay Stubs Missing

XXXX

According to guidelines the most recent pay stub covering at least XXXX days YTD income is required. The primary borrower has a 2nd job with XXXX. The loan file contains a VVOE and prior year W-XXXX; however, no paystub was provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Invalid - XXXX XXXX&#XXXX;s XXXXnd job is with XXXX insurance company who uses XXXX as Payroll indicated on final XXXX as well. A written VOE is provided with Current ytd earnings including the past XXXX years.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2199461

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. (12 CFR 1026.43(e)(3)). The loan amount is less than $XXXX but at least $XXXX, and the transaction's total points and fees is $XXXX, which exceeds $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
QM

Response 1 (XX/XX/XXXX XX:XXPM)
Documents not received. Please resubmit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The Undiscounted Rate provided allows for the exclusion of bona fide discount points. Upon recalculation, the loan is compliant and passes the Points and Fees test. (Resolved)

XXXX

2199461

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190731

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190731

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190375

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190375

2 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Points. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a))

Acknowledged

XXXX

2190375

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190437

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190437

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190284

1 of 2

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Borrower and Non Borrower name is missing as acknowledged by the notary on page XXXX of XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Recorded SI

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2190284

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190329

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190329

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190425

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190425

2 of 2

XXXX

Credit

Income - Pay Stubs Missing

XXXX

The required pay stubs were not obtained from the applicant(s) or were not properly retained in the file. Per Lender guidelines for salaried income must have most recent pay stub covering at least XXXX days YTD income.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
LOE

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190518

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190518

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199455

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following fees were included in the testing: Application Fee $XXXX, Points Loan Discount Fee $XXXX and Underwriting Fee $XXXX. If discount points and fees are bona-fide and excludable, provide undiscounted rate. Truth In Lending Act (Regulation Z) 12 CFR 1026.43(e)(2)(iii), (e)(3).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
NonQM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Non-QM

XXXX

2199455

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190640

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190640

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190249

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190249

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199482

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2199482

2 of 2

XXXX

Credit

Income - Pay Stubs Missing

XXXX

The required pay stubs were not obtained from the applicant(s) or were not properly retained in the file. The loan file contained a XXXX XXXX documenting the borrower's qualifying monthly income of $XXXX; however, the loan file did not contain year-to-date XXXX paystubs as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
VOE in file with breakdown showing YTD totals

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190234

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX, the loan is a higher-priced mortgage loan, as defined in XXXX The loan is a compliant HPML. Prepayment requirements have been met.

Acknowledged

XXXX

2190234

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190665

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX/XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The loan is a compliant HPML. Prepayment and appraisal requirements have been met.

Acknowledged

XXXX

2190665

2 of 2

XXXX

Credit

Income - W2(s) Missing

XXXX

XXXX's missing from the loan file. Guidelines require YTD paystub and most recent XXXX for wage earners. The loan file does not contain the required XXXX W2 for the borrower's employment.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX was already provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2199491

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. This loan has points and fees that exceed the points andfees threshold. (12 CFR 1026.43(e)(3)). The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following fees were included in the testing: Application Fee $XXXX, Points - Loan Discount Fee $XXXX, Underwriting Fee $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Originated as Non-QM

Response 1 (XX/XX/XXXX XX:XXPM)
According to the Data Tape provided, the loan is a Qualified Mortgage. If the loan is Non-QM, please provide an updated XXXX re-designating the loan as Non-QM. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Based on the new data tape provided, the loans was originated as Non-QM and is sufficient to clear the finding. (Resolved)

XXXX

2199491

2 of 2

XXXX

Credit

Debts - Not Verified

XXXX

The application indicates there are HOA dues and the mortgage provided in the loan file for our review shows that the subject is located in a PUD; however, no documentation was provided to confirm HOA dues.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
HOA dues per appraisal are $XXXX/mth

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190577

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM

XXXX

2190577

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190454

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190454

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199446

1 of 3

XXXX

Compliance

State Rules Violation

XXXX

This loan failed the high-cost home loan points and fees threshold test. (XXXX AB XXXX, § XXXX.), (XXXX SB XXXX, § XXXX.) The total points and fees of this loan, which are $XXXX, exceed one of the following thresholds based on the total loan amount, which is $XXXX: The total points and fees exceed XXXX% of the total loan amount if the total loan amount is $XXXX or more.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX response

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199446

2 of 3

XXXX

Compliance

State Testing

XXXX

This loan failed the discount fee test. ( N.J.S.A. §XXXX:11C-XXXX, N.J.A.C. §§XXXX:XXXX-XXXX ) The loan charges a discount fee that exceeds XXXX% of the principle amount of the loan.

Acknowledged

XXXX

2199446

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2203701

1 of 2

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: Without evidence of receipt, it is assumed that the disclosure dated XX/XX/XXXX was mailed, and therefore not received by the consumer XXXX business days prior to the consummation date, XX/XX/XXXX. If disclosure was delivered electronically, evidence of receipt as well as the consumer's E-consent is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ICD tracking

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2203701

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190274

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190274

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190419

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. (12 CFR 1026.43(e)(3) The loan amount is less than $XXXX but at least $XXXX, and the transaction's total points and fees is $XXXX, which exceeds $XXXX. The following fees were included in the testing: Title - Search Fee $XXXX, Application Fee $XXXX, XXXX Fee $XXXX, Title - Closing Fee $XXXX and Underwriting Fee $XXXX. If discount points and fees are bona-fide and excludable, provide undiscounted rate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
$XXXX in COGS is excludable and loan passes QM

Response 1 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2190419

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190233

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190233

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190338

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190338

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190495

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190495

2 of 3

XXXX

Compliance

State Testing

XXXX

Acknowledged

XXXX

2190495

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190226

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190226

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190466

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Points fee. The loan fails the prohibited fees test by $XXXX. (XXXX RCW §31.04.105).

Acknowledged

XXXX

2190466

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190651

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190651

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199443

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3)). The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following fees were included in the test: Abstract fee $XXXX; loan discount points $XXXX, settlement fee $XXXX and underwriting fee XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Non-QM

XXXX

2199443

2 of 2

XXXX

Credit

Debts - Not Verified

XXXX

The subject property is located in a PUD and has a monthly HOA payment per the prior appraisal from XXXX. The loan file is missing documentation supporting the current monthly HOA payment amount.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
HOA

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2190441

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190441

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199495

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2199495

2 of 3

XXXX

Compliance

State Testing

XXXX

This loan failed the XXXX rate spread home loan test. (XXXX GS §XXXX-XXXXF(a)(XXXX)) The loan is a rate spread home loan, as defined in the legislation

Acknowledged

XXXX

2199495

3 of 3

XXXX

Credit

HELOC - Closure Letter

XXXX

Loan file does not contain evidence to verify HELOC Closure paid off in the subject transaction as required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
HELOC

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221470

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221470

2 of 4

XXXX

Compliance

HMDA - Government Monitoring

XXXX

The Government Monitoring Section on the application was not completed for Coborrower. Home Mortgage Disclosure Act (Regulation C)12 CFR XXXX(b) Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX

Acknowledged

XXXX

2221470

3 of 4

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The Security Instrument was not fully executed by all required parties. The co-borrower signature was missing from the mortgage and rider. In addition, the name of the co-borrower who personally appeared before the XXXX is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Recorded DOT

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221470

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199492

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2199492

2 of 2

XXXX

Credit

Debts - Not Verified

XXXX

An Undisclosed Debt Notification was provided and reflected a new auto loan with XXXX was opened XX/XX/XXXX with a balance of $XXXX. n The notification indicated a term of XXXX months; however did not confirm the actual payment amount. The final DTI could not be confirmed without the actual payment.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX auto loan payment $XXXX. Please see revised docs.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190500

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190500

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190295

1 of 3

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following fees were included in the testing: Application fee $XXXX and Points $XXXX. If discount points and fees are bona-fide and excludable, provide undiscounted rate. Truth In Lending Act (Regulation Z) 12 CFR 1026.43(e)(2)(iii), (e)(3).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM

XXXX

2190295

2 of 3

XXXX

Compliance

State Testing

XXXX

The file failed one or more of the state threshold tests. This loan failed the lender fees test due to the following findings: (XXXX §XXXX-XXXXA(e); XXXX XXXX-10(a), (g)). The loan is a second XXXX mortgage and is not a "construction loan" as defined in XXXX General Statutes § XXXX-XXXX (c), was made by a HUD approved lender, and the sum of all lender fees exceeds XXXX% of the principal amount (XXXX XXXX-10(a)).

Acknowledged

XXXX

2190295

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190641

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190641

2 of 2

XXXX

Credit

Program Parameters - Other

XXXX

The subject loan does not meet Program Parameters. The file does not contain acopy of the note for the current first lien mortgage loan as required by the CESGeneral Program Requirements.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Note

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190242

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190242

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190728

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190728

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221472

1 of 5

XXXX

Compliance

Federal - HOEPA (High Cost)/Points & Fees

XXXX

The loan failed the high-cost mortgage (HOEPA) points and fees threshold test due to the following: (12 CFR §1026.32(a)(1)(ii)(A)(B)The loan amount is less than $XXXX and the transaction's total points and fees is $XXXX, which exceeds the lesser of XXXX percent of the total loan amount of $XXXX or $XXXX. The following points and fees were included in the calculation: Title - Search $XXXX, Origination Fee $XXXX, XXXX Fee $XXXX, and Title - Closing Fee $XXXX. If the points are bona fide, please provide the UndiscountedRate. This results in a cost to cure of $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cure

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221472

2 of 5

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221472

3 of 5

XXXX

Compliance

State Testing

XXXX

This loan failed the origination fee test. (MRS § 408.052(XXXX); 408.233(XXXX)(5)) The loan failed the prohibited fees test due to one of the following findings: The loan is a second lien and charges fees that are not specifically permitted under MRS § XXXX et seq. This test includes the following fees: Origination Fee $XXXX, and XXXX Fee $XXXX. The loan fails the origination fees test by $XXXX.

Acknowledged

XXXX

2221472

4 of 5

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Title - Closing Fee $XXXX, and Title - Search Fee $XXXX. The loan fails the prohibited fees test by $XXXX. (MRS § 408.052(XXXX); 408.233(XXXX))

Acknowledged

XXXX

2221472

5 of 5

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190453

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190453

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190690

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190690

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190524

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM

XXXX

2190524

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190553

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190553

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190257

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190257

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190228

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190228

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190381

1 of 2

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows:This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3)). The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z)12 CFR 1026.43(e)(1)(ii) Informational Only.

Acknowledged

XXXX

2190381

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190347

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190347

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190664

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190664

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199460

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Non-QM

XXXX

2199460

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190644

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190644

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190336

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190336

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190741

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190741

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190439

1 of 4

XXXX

Compliance

Federal - HOEPA (High Cost)/Points & Fees

XXXX

This loan failed the high-cost mortgage points and fees threshold test due to one of the following findings: (12 CFR §1026.32(a)(1)(ii)(A), (B)) The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following points and fees were included in the calculation: Application $XXXX, Points $XXXX, Underwriting $XXXX. If discount points are bona fide, please provide the undiscounted rate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM

XXXX

2190439

2 of 4

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3)) The loan amount is less than $XXXX but at least $XXXX, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. Fees included in the test: Application $XXXX, Points $XXXX, Underwriting $XXXX. If discount points are bona fide, please provide the undiscounted rate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM

XXXX

2190439

3 of 4

XXXX

Compliance

State Rules Violation

XXXX

This loan failed the high-cost home loan credit transaction points and fees test due to one of the following findings: (XXXX SB XXXX Sec. 343.201 (XXXX)(E)) The date creditor received application is on or after XXXX; and the loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. If discount points are bona fide, please provide the undiscounted rate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
$XXXX in loan points are bona fide. Loan passes QM and is not high cost

XXXX

2190439

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190323

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190323

2 of 3

XXXX

Compliance

State Testing

XXXX

The file failed one or more of the state threshold tests. This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a)). Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXXX Financial Code. The loan is a compliant HPML. Prepayment and appraisal requirements have been met.

Acknowledged

XXXX

2190323

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190315

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190315

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199459

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following fees were included in the testing: Title Search Fee $XXXX, Application Fee $XXXX, Lender's Title Policy $XXXX, Points $XXXX, Settlement Fee $XXXX, and Underwriting Fee $XXXX. If discount points and fees are bona-fide and excludable, provide undiscounted rate. Truth In Lending Act (Regulation Z) (12 CFR 1026.43(e)(3))

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan Designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Non-QM

XXXX

2199459

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190402

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190402

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190504

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190504

2 of 2

XXXX

Credit

Income - Pay Stubs Missing

XXXX

The required pay stubs were not obtained from the applicant(s) or were not properly retained in the file. The loan file is missing YTD paystubs for the co-borrower to support YTD income. The loan file contains a XXXX XXXX and an email stating a WVOE is attached to the email; however the loan file does not contain a WVOE for the co-borrower.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
XXXX was provided

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190465

1 of 2

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Transfer taxes. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z)12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
coc

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2190465

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199475

1 of 2

XXXX

Compliance

ROR - Timing

XXXX

The XXXX does not provide the borrower with XXXX business days to rescind the transaction. The rescission date is XXXX business days after the consummation date, the date the borrower receives the Final TIL/HUD-XXXX, or the date the borrower receives the Notice of Right to Cancel, whichever occurs last. The rescission date noted on the Right to Cancel Notice, XX/XX/XXXX is less than three business days from the consummation date/Final TIL/HUD-XXXX date , XX/XX/XXXX. Truth in XXXX (Regulation Z) 12 CFR 1026.23(b)(1)(v), (a)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Disbursement

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199475

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190606

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190606

2 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: XXXX Settlement/Closing Fee. The loan fails the prohibited fees test by $XXXX. (MRS § 408.052(XXXX); 408.233(XXXX)).

Acknowledged

XXXX

2190606

3 of 3

XXXX

Credit

Program Parameters - CLTV

XXXX

The subject loan does not meet Program Parameters for CLTV. The subject loan was approved with A CLTV of XXXX% based on the subject loan amount of $XXXX and the unpaid 1st mortgage balance of $XXXX reflected on the Final XXXX. The XXXX report in file reflected an unpaid 1st mortgage balance of $XXXX which increased the CLTV to XXXX%, and the loan file did not contain any documentation confirming a lower 1st mortgage unpaid balance. The lender maximum CLTV allowed is XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
1st XXXX balance $XXXX 2nd XXXX balance $XXXX Value $XXXX CLTV XXXX%

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2199464

1 of 2

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a non-compliant HPML due to the following: evidence the borrowers received the appraisal at least XXXX business days prior to closing is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Invalid - not required on CES - AVM

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
QM

Response 1 (XX/XX/XXXX XX:XXPM)
The loan was originated as Non-QM. Only Qualified Mortgages are exempt from appraisal requirements (this would include safe harbor or rebuttable presumption). In order to meet the appraisal requirements, a full appraisal with interior photos by a certified appraiser is required. Appraisal must have been received by the borrower at least XXXX business days prior to closing. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The information provided is sufficient to clear the finding. (Resolved)

XXXX

2199464

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190634

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190634

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190378

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190378

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190349

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190349

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190407

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190407

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190605

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190605

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199496

1 of 3

XXXX

Compliance

TRID - CD - Non-Borrower with Right to Rescind

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Initial cd

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199496

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199496

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value, dated XX/XX/XXXX was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM, dated XX/XX/XXXX which supports the appraised value.

Cleared

XXXX

2190537

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190537

2 of 2

XXXX

Credit

Income - W2(s) Missing

XXXX

XXXX's missing from the loan file for XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
W2

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2199471

1 of 3

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a non-compliant HPML due to the following: Evidence the appraisal was provided to borrower within XXXX days of consummation is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Invalid - AVM used

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Loan designation is QM Presumption of Compliance

Response 1 (XX/XX/XXXX XX:XXPM)
The loan was originated as Non-QM. Only Qualified Mortgages are exempt from appraisal requirements (this would include safe harbor or rebuttable presumption). In order to meet the appraisal requirements, a full appraisal with interior photos by a certified appraiser is required. Appraisal must have been received by the borrower at least XXXX business days prior to closing. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The information provided is sufficient to clear the finding. (Resolved)

XXXX

2199471

2 of 3

XXXX

Compliance

State Testing

XXXX

This loan failed the XXXX points test. (AC §XXXX-XXXX-XXXX) The "points" (total amount of fees paid to the lender or broker) exceed XXXX% of the original principal balance.

Acknowledged

XXXX

2199471

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190385

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190385

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199448

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2199448

2 of 2

XXXX

Credit

Program Parameters - CLTV

XXXX

The subject loan does not meet Program Parameters for CLTV. Per guides the max CLTV is XXXX%. The subject loan closed with a CLTV of XXXX%.

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX. XXXX% DTI. $XXXX per month residual income.

XXXX

2190413

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190413

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221471

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221471

2 of 3

XXXX

Compliance

State Rules Violation

XXXX

This loan failed the high-cost home loan points and fees threshold test due to one or more of the following findings: The total points and fees of this loan, which are $XXXX, exceed one of the following thresholds based on the total loan amount, which is $XXXX: The loan is secured by real property and the total points and fees exceeds XXXX% of the total loan amount if the total loan amount is $XXXX or more. (XXXX SB XXXX, §XXXX-XXXX-20(XXXX)(B))

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
cure

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
This was a calculation error. While we acknowledge the points and fees threshold under S.C. Code Ann. § XXXX-XXXX-20(XXXX)(B) was initially exceeded due to a bona fide error, the defect was fully and properly remediated in accordance with the safe harbor provisions for high-cost home loans under S.C. Code Ann. § XXXX-XXXX-XXXX. Under § XXXX-XXXX-XXXX, a lender is permitted to cure a high-cost compliance failure by making the necessary adjustments and restitution &#XXXX;within XXXX days after the discovery of the compliance failure.&#XXXX; Our records indicate this compliance failure was discovered on XX/XX/XXXX We executed the required restitution and adjustments on XX/XX/XXXX, which falls well within the statutory XXXX-day window from the date of discovery. Therefore, the loan has been legally cured and is no longer considered a high-cost home loan. XXXX tracking verifies the borrower received cure on XX/XX/XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Although the borrower was reimbursed within XXXX days of discovery, the lender has not demonstrated that the error was a clerical error. The regulation provides examples which include clerical, calculation, computer malfunction and programming, and printing errors. An error of legal judgment with respect to a person’s obligations pursuant to this article is not a bona fide error and therefore not curable with a refund. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
Lender affirms Bona Fide system calculation error. (Resolved)

XXXX

2221471

3 of 3

XXXX

Credit

Income - Missing

XXXX

According to guidelines the most recent paystub covering at least XXXX days YTD income as well as the most recent XXXX year W-XXXX is required. The loan file did not contain any paystubs or W2s for the borrower or the co-borrower.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Invalid - these docs were already provided

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
VOI for XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation was not previously provided. Only VVOE's for borrower and co-borrower were in the file. Still missing all income documentation for XXXX. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190538

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190538

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190719

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190719

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199478

1 of 2

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date, XX/XX/XXXX. The CD issued on XX/XX/XXXX was signed and dated on XX/XX/XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ICD tracking

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2199478

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190401

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

This loan failed the prohibited lender fees test. (XXXX RCW §31.04.105). The loan charges a prohibited lender fee. The following fees were included: XXXX fee and XXXX fee.

Acknowledged

XXXX

2190401

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190604

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190604

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190575

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190575

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190362

1 of 2

XXXX

Compliance

TRID - Zero Tolerance Violation (Revised Disclosure Late)

XXXX

The loan failed the charges that cannot increase test. Because the change occurred on XX/XX/XXXX, and consumer was not provided the disclosure within XXXX days of the change, the increase to the following fees was not accepted as valid: XXXX increased on CD XX/XX/XXXX. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
COC

Response 1 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2190362

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190350

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190350

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190623

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190623

2 of 2

XXXX

Credit

Income - Tax Return Documentation Incomplete

XXXX

The borrower qualified with social security and pension income. Per FNMA guidelines SSI can be documented with the most recent signed federal income tax returns. Lender guidelines also required signed tax returns to document pension income. The XXXX tax return provided is not signed.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Per FNMA B3-XXXX-XXXX, a signed XXXXC form is acceptable in lieu of signed tax returns. The file contains a signed XXXXC for personal and business returns.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190533

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190533

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190392

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190392

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221581

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221581

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221581

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190580

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190580

2 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Point Fee. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a)

Acknowledged

XXXX

2190580

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190475

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190475

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199476

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Non-QM

Response 1 (XX/XX/XXXX XX:XXPM)
According to theData Tape provided, the loan is a Qualified Mortgage. If the loan is Non-QM,please provide an updated XXXX re-designating the loan as Non-QM. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Based on the new data tape provided, the loans was originated as Non-QM and is sufficient to clear the finding. (Resolved)

XXXX

2199476

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190733

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190733

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190559

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190559

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190711

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190711

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190734

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Points. The loan fails the prohibited fees test by $XXXX. This loan failed the lender prohibited fees test. (XXXX XXXXXXXX §6122(a)). The loan charges a fee not provided for in the act. A lender is prohibited from charging fees, except those provided for in this act.

Acknowledged

XXXX

2190734

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190355

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3)). The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following fees were included in the testing: Application $XXXX, Loan Discount Points $XXXX and Underwriting $XXXX. If discount points and fees are bona-fide and excludable, please provide the undiscounted rate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM

Response 1 (XX/XX/XXXX XX:XXPM)
The undiscounted rate provided is sufficient to clear the finding. (Resolved)

XXXX

2190355

2 of 2

XXXX

Credit

Verification Documentation - VOR

XXXX

The loan file does not contain the required mortgage statement as dictated by the CES general program requirements (XX.XX.XX). As a result the unpaid principal balance for the first XXXX note could not be independently verified.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
1st XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190448

1 of 2

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Points. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
COC

Response 1 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2190448

2 of 2

XXXX

Credit

Income - Pay Stubs Missing

XXXX

The required pay stubs were not obtained from the applicant(s) or were not properly retained in the file. Missing most recent pay-stub covering at least XXXX days & YTD income.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Invalid - documentation was provided in the file

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2199470

1 of 2

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a non-compliant HPML due to the following: Evidence the appraisal was provided to borrower(s) within XXXX days of consummation is missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
Invalid for AVM

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
QM Presumption of Compliance

Response 1 (XX/XX/XXXX XX:XXPM)
The loans were originated as Non-QM. Only Qualified Mortgages are exempt from appraisal requirements (this would include safe harbor or rebuttable presumption). In order to meet the appraisal requirements, a full appraisal with interior photos by a certified appraiser is required. Appraisal must have been received by the borrower at least XXXX business days prior to closing. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)
The information provided is sufficient to clear the finding. (Resolved)

XXXX

2199470

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190444

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190444

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190628

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190628

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221473

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a non-compliant HPML. Prepayment and XXXX requirements have not been met.

Acknowledged

XXXX

2221473

2 of 3

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: XXXX did not provide the execution date on the notary acknowledgment on page XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please review uploaded

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221473

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190332

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190332

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199466

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
XXXX

XXXX

2199466

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190267

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190267

2 of 3

XXXX

Compliance

ROR - Timing

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PCCD

Response 1 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2190267

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190530

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190530

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190334

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190334

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199499

1 of 2

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX requirements have not been met. There is no evidence in the loan file that the appraisal report was provided at least XXXX days prior to consummation.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM presumption of compliance

Response 1 (XX/XX/XXXX XX:XXPM)
The loan is a compliant Federal HPML, XXXX requirements are not applicable. (Resolved)

XXXX

2199499

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190325

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190325

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190609

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190609

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190658

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190658

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199483

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3)). The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The Following fees were included in the test: Abstract fee $XXXX; Origination fee $XXXX, Loan discount point $XXXX and settlement fee $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Non-QM

Response 1 (XX/XX/XXXX XX:XXPM)
According to the Data Tape provided, the loan is a Qualified Mortgage. If the loan is Non-QM,please provide an updated XXXX re-designating the loan as Non-QM. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Based on the new data tape provided, the loans was originated as Non-QM and is sufficient to clear the finding. (Resolved)

XXXX

2199483

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190432

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190432

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190703

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190703

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190656

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Lender Loan Discount Points Fee $XXXX. The loan fails the prohibited fees test by $XXXX. This loan failed the lender prohibited fees test. (XXXX XXXXXXXX §6122(a)) The loan charges a fee not provided for in the act. A lender is prohibited from charging fees, except those provided for in this act.

Acknowledged

XXXX

2190656

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190689

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190689

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190254

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190254

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190343

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190343

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190361

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190361

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190717

1 of 2

XXXX

Compliance

ROR - Timing

XXXX

The XXXX does not provide the borrower with XXXX business days to rescind the transaction. The rescission date is XXXX business days after the consummation date, the date the borrower receives the Final TIL/HUD-XXXX, or the date the borrower receives the Notice of Right to Cancel, whichever occurs last. The rescission date noted on the Right to Cancel Notice, XX/XX/XXXX is less than three business days from the consummation date and RTC Notice delivery date, XX/XX/XXXX. Truth in XXXX (Regulation Z)12 CFR 1026.23(b)(1)(v), (a)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
NRTC

Response 1 (XX/XX/XXXX XX:XXPM)
The documents provided are sufficient to clear the finding. (Resolved)

XXXX

2190717

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190637

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190637

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190473

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190473

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190686

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190686

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190426

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190426

2 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Points fee. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a)).

Acknowledged

XXXX

2190426

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190691

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190691

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221713

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221713

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190410

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190410

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190598

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190598

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190602

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190602

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190481

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190481

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199486

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2199486

2 of 2

XXXX

Credit

DTI - Exceeds Guidelines

XXXX

The DTI exceeds Originator Guidelines. The origination underwriter improperly calculated the subject property PITIA. The HOA letter in the loan file reflects that the quarterly dues are $XXXX. The origination underwriter calculated the HOA by taking the amount of $XXXX x XXXX / XXXX = $XXXX as reflected on the origination XXXX; however, the correct calculation is $XXXX x XXXX / XXXX = $XXXX. Further, the origination underwriter failed to include the subject property flood insurance premium entirely. According to the evidence of flood insurance in the loan file, the monthly amount is $XXXX. The audit calculated PITIA is $XXXX resulting in a DTI of XXXX%, which exceeds the maximum allowed of XXXX%.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
PITI updated. From Underwriting: Updated SSI to calculate as one income source using tax returns. IRA used was post tax amount. Using gross distribution - continuance met by quarterly statement balance. DTI is now XXXX%.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2190590

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190590

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199477

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2199477

2 of 2

XXXX

Credit

Title Commitment - Other

XXXX

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
File contains property report. Document sufficient to meet clients title requirements. Client elects to waive. Noted Compensating Factors: $XXXX residual income, 0x30x55 mortgage history, subject property owned XXXX years

XXXX. XXXX% DTI. XXXX% CLTV.

XXXX

2190743

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190743

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199484

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2199484

2 of 2

XXXX

Credit

HELOC - Closure Letter

XXXX

The HELOC closure letter for the XXXX was not provided as required,

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating Factors: XXXX qualifying credit score, $XXXX residual income, subject property owned XXXX years, 0x30x64 mortgage history

XXXX. XXXX% DTI. $XXXX per month residual income.

XXXX

2190478

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190478

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190682

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190682

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190467

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2190467

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190365

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190365

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2199485

1 of 3

XXXX

Compliance

Federal - HPML APR/Non-Compliant

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM response

Response 1 (XX/XX/XXXX XX:XXPM)
The loan is a compliant Federal HPML, XXXX requirements are not applicable. (Resolved)

XXXX

2199485

2 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Lender Loan Discount Points. The loan fails the prohibited fees test by $XXXX. This loan failed the lender prohibited fees test. (XXXX XXXXXXXX §6122(a)) The loan charges a fee not provided for in the act. A lender is prohibited from charging fees, except those provided for in this act.

Acknowledged

XXXX

2199485

3 of 3

XXXX

Credit

Title Commitment - Other

XXXX

Waived

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
File contains Property report for subject property which meets clients title requirements. Client elects to waive. Noted Compensating factors: job stability XXXX years, 0x30x47 mortgage history, XXXX% DTI

XXXX. XXXX% DTI. XXXX% CLTV.

XXXX

2190744

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190744

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2190673

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2190673

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222044

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222044

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221899

1 of 2

XXXX

Compliance

State Testing

XXXX

The file failed one or more of the state threshold tests.This loan failed the lender prohibited fees test. (XXXX XXXXXXXX §6122(a)). The loan charges a fee not provided for in the act. A lender is prohibited from charging fees, except those provided for in this act.

Acknowledged

XXXX

2221899

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222070

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222070

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222070

3 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (Revised Disclosure Late)

XXXX

The loan failed the charges that cannot increase test. Because the change occurred on XX/XX/XXXX, and consumer was not provided the disclosure within XXXX days of the change, the increase to the following fees was not accepted as valid: XXXX Re-Inspection Fee. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required of which $XXXX was cured at closing. There is a remaining cost to cure in the amount of $XXXX remaining.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
coc

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2222070

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222053

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222053

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222053

3 of 4

XXXX

Compliance

State Testing

XXXX

Acknowledged

XXXX

2222053

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221496

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221496

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221496

3 of 4

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Discount Fee (Points) $XXXX. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a))

Acknowledged

XXXX

2221496

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221426

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221426

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221790

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221790

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221879

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221879

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221881

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221881

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221498

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221498

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221597

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221597

2 of 3

XXXX

Compliance

State Testing

XXXX

This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a)). Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXXX Financial Code. The loan is a compliant HPML. Prepayment and appraisal requirements have been met.

Acknowledged

XXXX

2221597

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221669

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221669

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221331

1 of 2

XXXX

Compliance

Security Instrument - Inaccurate

XXXX

The security instrument was not completed accurately. The Notary Acknowledgment reflects "Mortgage" instead of the individuals who executed the Security Instrument.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Deed of Trust with amendment

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221331

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221513

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221513

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows: The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z) 12 CFR 1026.43(e)(1)(ii)

Acknowledged

XXXX

2221513

3 of 3

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. Guidelines require documentation verifying the first lien PITIA. The loan file is missing a mortgage statement for the first lien verifying the PITIA to include the XXXX payment.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221361

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The loan is a compliant HPML. The date used for rate set is XX/XX/XXXX. Prepayment requirements have been met.

Acknowledged

XXXX

2221361

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221361

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221359

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221359

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221780

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221780

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222096

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222096

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221972

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3)) The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The fees included in testing: Application $XXXX, Lenders Title $XXXX, Points $XXXX, Settlement $XXXX and Underwriting fees $XXXX.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM

XXXX

2221972

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222130

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222130

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222130

3 of 4

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount points paid by borrower. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a)).

Acknowledged

XXXX

2222130

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221616

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221616

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221917

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221917

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221917

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221429

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221429

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221650

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221650

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222143

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222143

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221601

1 of 3

XXXX

Compliance

FACTA Disclosure - Missing

XXXX

The FACTA Disclosure (Notice to Home Loan Applicant/Credit Information Disclosure) is missing for the borrower.

Acknowledged

XXXX

2221601

2 of 3

XXXX

Compliance

Security Instrument - Missing Signature

XXXX

The Security Instrument was not fully executed by all required parties. The co-borrower signature was missing.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX is a co-signer REF: FNMA B2-XXXX-XXXX and is not required to sign the Deed of Trust

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221601

3 of 3

XXXX

Credit

Credit Missing - One or More Reports Missing

XXXX

Not all required credit reports are within the file. The credit report for the primary borrower, XXXX XXXX is missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX credit report

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221688

1 of 3

XXXX

Compliance

ROR - Timing

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
NRTC response

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221688

2 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The file failed one or more of the state threshold tests. This loan failed the lender prohibited fees test. (XXXX XXXXXXXX §6122(a)). The loan charges a fee not provided for in the act. A lender is prohibited from charging fees, except those provided for in this act.

Acknowledged

XXXX

2221688

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221534

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The file failed one or more of the state threshold tests. This loan failed the lender prohibited fees test. (XXXX XXXXXXXX §6122(a)). The loan charges a fee not provided for in the act. A lender is prohibited from charging fees, except those provided for in this act.

Acknowledged

XXXX

2221534

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221647

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221647

2 of 2

XXXX

Credit

Title Commitment - Other

XXXX

The subject property is located in XXXX. A Property Report from XXXX was provided. The investor guidelines required a either Residential Equity Loan Policy Certificate (RELP) or a Home Equity Loan Policy Certificate (HELP) evidencing coverage under a Master Residential Equity Loan Policy (MRELP) or Master Home Equity Loan Policy. A full ALTA title policy may be obtained in lieu of either a RELP or HELP certificate or E & O certificate. Required documentation was not provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Transaction Certificate (Title)

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221970

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221970

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221487

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221487

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222127

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222127

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221912

1 of 2

XXXX

Compliance

TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
ICD

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221912

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221824

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221824

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221493

1 of 2

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Points, XXXX. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
COC&#XXXX;s

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221493

2 of 2

XXXX

Credit

Hazard Insurance - Missing/Insufficient

XXXX

The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Insurance

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221607

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221607

2 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: XXXX fee paid by borrower, Settlement/Closing fee paid by borrower and Title Warranty fee paid by borrower. The loan fails the prohibited fees test by $XXXX.(MRS § XXXX(XXXX); 408.233(XXXX)).

Acknowledged

XXXX

2221607

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221732

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221732

2 of 3

XXXX

Compliance

State Testing

XXXX

This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXXX Financial Code. The loan is a compliant HPML. Prepayment, and appraisal requirements have been met.

Acknowledged

XXXX

2221732

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221722

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221722

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222001

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222001

2 of 4

XXXX

Compliance

QM - APR Lending Policy

XXXX

The loan exceeds the APR lending policy threshold as follows: The note amount for a second XXXX is greater than or equal to ($XXXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXXX%. The rate set date is XX/XX/XXXX. Truth in XXXX (Regulation Z) 12 CFR 1026.43(e)(1)(ii).

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
New Data Tape Non-QM

Response 1 (XX/XX/XXXX XX:XXPM)
According to the XXXX provided, the loan was originated as QM Rebuttable Presumption. A QM Rebuttable Presumption loan is considered a TRID loan. If the loan is Non-QM, please provide an updated XXXX re-designating the loan as Non-QM reflecting the loan was originated as Non-QM. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Based on the new data tape provided, the loans was originated as Non-QM and is sufficient to clear the finding to Informational Only. (Acknowledged)

XXXX

2222001

3 of 4

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. The loan amount is less than $XXXX but at least $XXXX, and the transaction's total points and fees is $XXXX, which exceeds $XXXX. The following fees were included in the testing: Abstract/Title Search Fee, Administration Fee, Points- Loan Discount Fee, Settlement Fee, and XXXX. If discount points and fees are bona-fide and excludable, provide undiscounted rate. Truth In Lending Act (Regulation Z) 12 CFR 1026.43(e)(2)(iii), (e)(3).

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
New Data Tape Non-QM

XXXX

2222001

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222207

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Prepayment requirement have been met.

Acknowledged

XXXX

2222207

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan exceeds XXXX threshold as follows: This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z)12 CFR 1026.43(e)(1)(ii) Informational Only.

Acknowledged

XXXX

2222207

3 of 3

XXXX

Credit

Credit - Other

XXXX

XXXX disability benefits letter was provided; however, the required XXXX Certificate Of Eligibility was not included in the loan file.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please review the uploaded doc

Rebuttal 2 (XX/XX/XXXX XX:XXPM)
Incorrect document was provided.

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

Response 2 (XX/XX/XXXX XX:XXPM)
Finding is not required. The loan file contained a letter from the XXXX indicating the borrower is XXXX% disabled and receives disability. Finding voided. (Void)

XXXX

2221798

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221798

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §1026.43(b)(4), (e)(1)). The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z) 12 CFR 1026.43(e)(1)(ii) Informational Only.

Acknowledged

XXXX

2221798

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222140

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222140

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222140

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222101

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Prepayment requirement have been met.

Acknowledged

XXXX

2222101

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan exceeds XXXX threshold as follows: This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%.

Acknowledged

XXXX

2222101

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221691

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221691

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221691

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221842

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221842

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221842

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222187

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222187

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222114

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222114

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222121

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Prepayment requirement have been met.

Acknowledged

XXXX

2222121

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222121

3 of 3

XXXX

Credit

Debts - Not Verified

XXXX

The loan file did not contain documentation to confirm the property tax information. Per the lender's guidelines a comprehensive print screen from XXXX servicing system or screen print of county assessor record or tax cert, copy of tax bill, or title equivalent is required.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please review the uploaded doc

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221499

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221499

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221964

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221964

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221964

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221553

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221553

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222099

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222099

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221954

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan Designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Data Tape Non-QM

XXXX

2221954

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221558

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221558

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221353

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221353

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221703

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221703

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222076

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222076

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221490

1 of 3

XXXX

Compliance

Federal - HOEPA (High Cost)/Points & Fees

XXXX

This loan failed the high-cost mortgage points and fees threshold test due to one of the following findings: ( 12 CFR §1026.32(a)(1)(ii)(A), (B) ) The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following points and fees were included in the calculation: Application Fee $XXXX, Points $XXXX, Settlement or Closing Fee $XXXX and Underwriting Fee $XXXX. If the points are bona fide, please provide the Undiscounted Rate.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
High cost cure

Response 1 (XX/XX/XXXX XX:XXAM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221490

2 of 3

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. The loan amount is less than $XXXX but at least $XXXX, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. If discount points and fees are bona-fide and excludable, provide undiscounted rate. Truth In Lending Act (Regulation Z) 12 CFR 1026.43(e)(2)(iii), (e)(3).

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Response 1 (XX/XX/XXXX XX:XXAM)
Based on the new data tape provided, the loans was originated as Non-QM and is sufficient to clear the finding to Informational Only. (Acknowledged)

XXXX

2221490

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221891

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221891

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221501

1 of 2

XXXX

Compliance

ROR - Timing

XXXX

This loan failed the TILA right of rescission test. Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ),Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) ). The funding date is before the third business day following consummation. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §XXXX or §XXXX, or delivery of all material disclosures, whichever occurs last.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
NRTC response

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221501

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221893

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221893

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221893

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221680

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221680

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222196

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222196

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows: This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §1026.43(b)(4), (e)(1)). The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z)12 CFR 1026.43(e)(1)(ii) Informational Only.

Acknowledged

XXXX

2222196

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221907

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221907

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221929

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221929

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221929

3 of 4

XXXX

Compliance

State Testing

XXXX

Acknowledged

XXXX

2221929

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221869

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221869

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows: This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §1026.43(b)(4), (e)(1)). The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Informational Only.

Acknowledged

XXXX

2221869

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221826

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221826

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221826

3 of 4

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Discount Points.The loan fails the prohibited fees test by $XXXX. (XXXX RCW §31.04.105)

Acknowledged

XXXX

2221826

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222124

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Prepayment requirement have been met.

Acknowledged

XXXX

2222124

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222124

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221998

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221998

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221354

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221354

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221354

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222091

1 of 2

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Transfer taxes. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z)12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
COC

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2222091

2 of 2

XXXX

Credit

Program Parameters - CLTV

XXXX

The subject loan does not meet Program Parameters for CLTV. The XXXX% exceeds the XXXX allowable of XXXX% with credit XXXX. The file contains documentation that an exception had been requested but no evidence of approval.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
SLV

Response 1 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

$XXXX per month residual income. XXXX years at subject property. XXXX years at job.

XXXX

2221800

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221800

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221355

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221355

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222085

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222085

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222085

3 of 4

XXXX

Compliance

State Testing

XXXX

Acknowledged

XXXX

2222085

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221652

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221652

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221897

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221897

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221897

3 of 4

XXXX

Compliance

TRID - Zero Tolerance Violation (No Valid COC)

XXXX

The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Points. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX is required. Truth in XXXX (Regulation Z)12 CFR 2016.19(e)(3)(i); 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
COC

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221897

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221915

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221915

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221700

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221700

2 of 3

XXXX

Compliance

QM - APR Lending Policy

XXXX

The loan exceeds the APR lending policy threshold as follows: The note amount for a second XXXX is greater than or equal to ($XXXX), and its APR calculated per the requirements is less than the APOR on the date the rate was set plus XXXX%. The date used for rate set is XX/XX/XXXX. Truth in XXXX (Regulation Z) 12 CFR 1026.43(e)(1)(ii)

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Data tape updated to Non-QM

Response 1 (XX/XX/XXXX XX:XXPM)
According to the XXXX provided, the loan was originated as Rebuttable Presumption. A QM Rebuttable Presumption loan is considered a TRID loan. If the loan is Non-QM, please provide an updated XXXX re-designating the loan as Non-QM. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Based on the new data tape provided, the loans was originated as Non-QM and is sufficient to clear the finding to Informational Only. (Acknowledged)

XXXX

2221700

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221335

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221335

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221679

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The loan is a compliant HPML. The date used for rate set is XX/XX/XXXX. Prepayment requirements have been met.

Acknowledged

XXXX

2221679

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows: This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%.

Acknowledged

XXXX

2221679

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221968

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221968

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221968

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221791

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221791

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222026

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222026

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221530

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221530

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221684

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221684

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. ( 12 CFR §1026.43(b)(4), (e) (XXXX) ). The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z) 12 CFR 1026.43(e)(1)(ii) Informational Only.

Acknowledged

XXXX

2221684

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221720

1 of 2

XXXX

Compliance

TRID - LE/Missing

XXXX

The initial and/or any revised Loan Estimate is missing. As a result, a full review for compliance with timing and tolerance requirements could not be performed. Truth in XXXX (Regulation Z) 12 CFR 1026.19(e)(1)(i)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan estimates

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221720

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221726

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221726

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221728

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Discount Points Fee. The loan fails the prohibited fees test by $XXXX. (XXXX RCW §31.04.105).

Acknowledged

XXXX

2221728

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222043

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222043

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221674

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221674

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221820

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221820

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221882

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221882

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221882

3 of 4

XXXX

Compliance

State Testing

XXXX

The file failed one or more of the state threshold tests. XXXX XXXX Higher-Priced Mortgage Loan Lending Policies. This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a)). Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXXX Financial Code. The loan is a compliant HPML. Prepayment requirements have been met.

Acknowledged

XXXX

2221882

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221913

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221913

2 of 3

XXXX

Compliance

QM - APR Lending Policy

XXXX

The loan exceeds the APR lending policy threshold as follows: This loan failed the qualified mortgage APR threshold test. (12 CFR §1026.43(e)(2)(vi)). A qualified mortgage is a covered transaction which, among other requirements, is not negatively amortizing and the note amount for a second XXXX is greater than or equal to ($XXXX), and its APR calculated per the requirements of 12 CFR §1026.43(e)(2)(vi) is less than the APOR on the date the rate was set plus XXXX%. The date used for rate set is XX/XX/XXXX. Truth in XXXX (Regulation Z) 12 CFR 1026.43(e)(1)(ii).

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Non-QM

XXXX

2221913

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221980

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
New Data Tape Non-QM

Rebuttal 3 (XX/XX/XXXX XX:XXPM)
Loan is NOT Non QM. It is QM Safe Harbor, please see attached. From our XXXX, we pass QM and it is not an HPML. XXXX needs to exclude the validbona fide loan points and the un-retained COGS fees. Only the portion ofretained affiliate fees should be included.

XXXX

2221980

2 of 2

XXXX

Credit

Credit - Other

XXXX

The Lender approved the loan with a DTI of XXXX% by using a monthly payment of $XXXX for the XXXX credit card (XXXX); however, the CBR reflects a payment of $XXXX. The file does not contain evidence that the XXXX credit card (XXXX) was paid down from $XXXX to $XXXX, which would support the lower payment of $XXXX. The DTI increases to XXXX% by using the $XXXX payment shown on the CBR.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
BAC Statement

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221906

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221906

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221614

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221614

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222030

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222030

2 of 2

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. The mortgage loan statement for the first lien is missing in the loan file. The Guidelines require a copy of the mortgage loan statement for the first lien.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221497

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221497

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221497

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221346

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221346

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222007

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222007

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221975

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221975

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222048

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222048

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222081

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

The loan's points and fees exceed the Qualified Mortgage points and fees threshold. The loan amount is less than $XXXX but at least $XXXX, and the transaction's total points and fees is $XXXX, which exceeds $XXXX. The Points and Fees test included the following fees Title - Search $XXXX, Application Fee $XXXX, XXXX Fee $XXXX, Title - Settlement Fee $XXXX, and Title - Warranty Fee $XXXX.

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
New Data Tape Non-QM

XXXX

2222081

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221535

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX and the calculated APR XXXX, the loan is a higher-priced mortgage loan, as defined in XXXX The loan is a compliant HPML. Prepayment and requirement have been met.

Acknowledged

XXXX

2221535

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows:This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z)12 CFR 1026.43(e)(1)(ii) Informational Only

Acknowledged

XXXX

2221535

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221714

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221714

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222008

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222008

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221567

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221567

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221567

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221518

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221518

2 of 3

XXXX

Compliance

QM - APR Lending Policy

XXXX

The loan exceeds the APR lending policy threshold as follows: This loan failed the qualified mortgage APR threshold test. (12 CFR §1026.43(e)(2)(vi)). The note amount for a second XXXX is greater than or equal to ($XXXX), and its APR calculated per the requirements of XXXXCFR §XXXX(e)(XXXX)(vi) is less than the APOR on the date the rate was set plus XXXX%. The date used for rate set is XX/XX/XXXX. Truth in XXXX (Regulation Z)12 CFR 1026.43(e)(1)(ii).

Acknowledged

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
Data tape updated Non-QM

XXXX

2221518

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221411

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221411

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221545

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221545

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221922

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221922

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221922

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222183

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222183

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221524

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221524

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221982

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221982

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221889

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221889

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221328

1 of 2

XXXX

Compliance

QM - Points and Fees

XXXX

This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3)). The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of the total loan amount of $XXXX. The following fees were included in the testing: Title Search Fee $XXXX, Points $XXXX, Settlement Fee $XXXX and Underwriting Fee $XXXX. If discount points and fees are bona-fide and excludable, provide undiscounted rate. Truth In Lending Act (Regulation Z) 12 CFR 1026.43(e)(2)(iii), (e)(3).

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Loan Designation is Non-QM

Rebuttal 2 (XX/XX/XXXX XX:XXAM)
New Data Tape Non-Qm

XXXX

2221328

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221515

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221515

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221418

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221418

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221540

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221540

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222152

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. (XXXX RCW §31.04.105). This test includes the following fees: Loan Origination Fee and Points - Loan Discount Fee. The loan fails the prohibited fees test by $XXXX.

Acknowledged

XXXX

2222152

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221863

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221863

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221385

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Fee. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a)).

Acknowledged

XXXX

2221385

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222184

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222184

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221995

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Points fee paid by borrower and lender. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a)).

Acknowledged

XXXX

2221995

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221562

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221562

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221725

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221725

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221725

3 of 4

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Points. The loan fails the prohibited fees test by $XXXX. This loan failed the lender prohibited fees test. (XXXX XXXXXXXX6122(a))The loan charges a fee not provided for in the act. A lender is prohibited from charging fees, except those provided for in this act.

Acknowledged

XXXX

2221725

4 of 4

XXXX

Credit

Program Parameters - CLTV

XXXX

The subject loan does not meet Program Parameters for CLTV. Per the lender’s guidelines the maximum CLTV is XXXX% with a minimum FICO of XXXX. The credit report reflected the first mortgage balance of $XXXX. The loan file did not contain any other documentation reflecting the first mortgage balance. The subject loan amount is $XXXX and appraised value $XXXX results in an CLTV of XXXX% which exceeded program guidelines.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
1st XXXX balance $XXXX 2nd XXXX balance $XXXX Value $XXXX CLTV XXXX%

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221457

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221457

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221671

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221671

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221539

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221539

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221539

3 of 3

XXXX

Credit

Income - W2(s) Missing

XXXX

XXXX's missing from the loan file. XXXX W-XXXX provided in loan file is blank.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX W2

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2221696

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221696

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221818

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221818

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221818

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222083

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222083

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221321

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Points. The loan fails the prohibited fees test by $XXXX. This loan failed the lender prohibited fees test. (XXXX XXXXXXXX6122(a))The loan charges a fee not provided for in the act. A lender is prohibited from charging fees, except those provided for in this act.

Acknowledged

XXXX

2221321

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221960

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221960

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221370

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221370

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221698

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221698

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221698

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222069

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222069

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222069

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221771

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221771

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221718

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221718

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222055

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222055

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222055

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221991

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221991

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221734

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221734

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221464

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221464

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221552

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221552

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows: This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §1026.43(b)(4), (e)(1)). The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z). 12 CFR 1026.43(e)(1)(ii).

Acknowledged

XXXX

2221552

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221329

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221329

2 of 3

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test (XXXX RCW §31.04.105). This test includes the following fees: Points-Loan Discount Fee. The loan fails the prohibited fees test by $XXXX.

Acknowledged

XXXX

2221329

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221579

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221579

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221425

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. (XXXX XXXXXXXX §6122(a)). This test includes the following fees: Points - Loan Discount Fee. The loan fails the prohibited fees test by $XXXX.

Acknowledged

XXXX

2221425

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222023

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222023

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221815

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221815

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221815

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221364

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221364

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221364

3 of 4

XXXX

Compliance

State Testing

XXXX

The file failed one or more of the state threshold tests.This loan failed the points test. (AC §XXXX-XXXX-XXXX). The "points" (total amount of fees paid to the lender or broker) exceed XXXX% of the original principal balance. The following fees were included in the testing: Application Fee $XXXX, Points $XXXX and Underwriting Fee $XXXX.

Acknowledged

XXXX

2221364

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221685

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221685

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221532

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221532

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222181

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Prepayment requirement have been met.

Acknowledged

XXXX

2222181

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan exceeds XXXX threshold as follows: This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%.

Acknowledged

XXXX

2222181

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222133

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222133

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221347

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221347

2 of 2

XXXX

Credit

Income - Missing

XXXX

The loan file is missing income documents for B-XXXX, there is no way to determine if the borrower meets the DTI requirements.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
WVOE

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221973

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221973

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222176

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222176

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222011

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222011

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows: This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is7/XXXX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z) 12 CFR 1026.43(e)(1)(ii) Informational Only

Acknowledged

XXXX

2222011

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222147

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222147

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222105

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. (XXXX RCW §31.04.105). This test includes the following fees: Loan Origination Fee paid by Lender, Points - Loan Discount Fee paid by Borrower and Points - Loan Discount Fee paid by Lender. The loan fails the prohibited fees test by $XXXX.

Acknowledged

XXXX

2222105

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221926

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221926

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221577

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221577

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221695

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221695

2 of 3

XXXX

Credit

Credit - Other

XXXX

There are additional observations that could impact the credit decision and/or quality of the loan. Per Guidelines, a copy of the most recent mortgage statement for the first lien mortgage is required, however it was missing from the loan file.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221695

3 of 3

XXXX

Credit

Income - W2(s) Missing

XXXX

XXXX's missing from the loan file. Per Guidelines, the most recent XXXX-year W2 is required for salaried income. The loan file is missing the XXXX XXXX for the borrower.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
WVOE

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2222016

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222016

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222016

3 of 3

XXXX

Credit

Income - W2(s) Missing

XXXX

The XXXX W2 for B1 is blank and no other documentation provided.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Please review the uploaded W2

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2221847

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221847

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222116

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222116

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222004

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222004

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222039

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222039

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222039

3 of 4

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Point fees paid by borrower. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a)).

Acknowledged

XXXX

2222039

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221813

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221813

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221813

3 of 4

XXXX

Compliance

State Testing

XXXX

This loan failed the XXXX COMAR higher-priced mortgage loan test. ( XXXX COMAR 09.03.06.02B(XXXX) , COMAR09.03.09.02B(XXXX) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the Code of XXXX Regulations (COMAR).While the XXXX COMAR provisions specify that lenders can legally make this type of loan subject to certain disclosure requirements,some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additionalconditions are met. Prepayment requirements have been met.

Acknowledged

XXXX

2221813

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221631

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221631

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221724

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221724

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222164

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Points paid by borrower. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a)).

Acknowledged

XXXX

2222164

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221554

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221554

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222156

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Prepayment requirement have been met.

Acknowledged

XXXX

2222156

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222156

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221585

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221585

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221325

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221325

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221792

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221792

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221441

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221441

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221895

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221895

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221895

3 of 4

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Points paid by borrower and Title Warranty fee paid by borrower. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a)).

Acknowledged

XXXX

2221895

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221555

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221555

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. ( 12 CFR §1026.43(b)(4), (e) (XXXX) ). The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z) 12 CFR 1026.43(e)(1)(ii) Informational Only.

Acknowledged

XXXX

2221555

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221905

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount fee paid by borrower. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a)).

Acknowledged

XXXX

2221905

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222040

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222040

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222168

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222168

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222168

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222066

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222066

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222061

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222061

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows: This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §1026.43(b)(4), (e)(1)). The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Informational Only.

Acknowledged

XXXX

2222061

3 of 4

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

This loan failed the lender prohibited fees test. (XXXX XXXXXXXX §6122(a)) This test includes the following fees: Points- Loan Discount Fee. The loan fails the prohibited fees test by $XXXX.

Acknowledged

XXXX

2222061

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221812

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221812

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221859

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221859

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221716

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221716

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221694

1 of 2

XXXX

Compliance

Security Instrument - Incomplete

XXXX

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Page XXXX of the Security Instrument does not reflect the complete trustee address.

Acknowledged

XXXX

2221694

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222117

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222117

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222117

3 of 4

XXXX

Compliance

State Testing

XXXX

This loan failed the XXXX COMAR higher-priced mortgage loan test. ( XXXX COMAR 09.03.06.02B(XXXX) , COMAR XXXX) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the Code of XXXX Regulations (COMAR). The loan is a compliant HPML. Prepayment requirements have been met.

Acknowledged

XXXX

2222117

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221678

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221678

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows: This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX . The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z)12 CFR 1026.43(e)(1)(ii)

Acknowledged

XXXX

2221678

3 of 4

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Fee (Points) $XXXX. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a))

Acknowledged

XXXX

2221678

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221613

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221613

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221723

1 of 2

XXXX

Compliance

TRID - CD/Lender Credits that Cannot Decrease (No Valid COC)

XXXX

The loan failed the Lender Credits that Cannot Decrease Test. The lender credit decreased on the CD issued on XX/XX/XXXX without a valid change of circumstance. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, and copy of the refund. A cost to cure in the amount of $XXXX, of which $XXXX was reimbursed at closing, there is a remaining cost to cure in the amount of $XXXX required. Truth in XXXX (Regulation Z) 12 CFR 2016.19(e)(3)(i) & Official Comment 19(e)(3)(i)-XXXX, -XXXX; 12 CFR 1026.19(e)(3)(iv)

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
Lender credit

Response 1 (XX/XX/XXXX XX:XXPM)
The documentation provided is sufficient to clear the finding. (Resolved)

XXXX

2221723

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222115

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222115

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222115

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221930

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221930

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows: This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX . The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z) 12 CFR 1026.43(e)(1)(ii) Informational Only.

Acknowledged

XXXX

2221930

3 of 4

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Points and Title Certification fee paid by borrower. The loan fails the prohibited fees test by $XXXX. (XXXX XXXXXXXX §6122(a)).

Acknowledged

XXXX

2221930

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221377

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221377

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221675

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221675

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. The loan exceeds XXXX threshold as follows: This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)). Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z). 12 CFR 1026.43(e)(1)(ii).

Acknowledged

XXXX

2221675

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221340

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221340

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221729

1 of 2

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221729

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221566

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221566

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

The loan qualifies for QM-Rebuttable Presumption. This loan does not qualify for a safe harbor. The loan exceeds XXXX threshold as follows: The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. The date used for rate set is XX/XX/XXXX. The loan is a Higher-Priced Covered Transaction subject to QM-Rebuttable Presumption. Truth in XXXX (Regulation Z)12 CFR 1026.43(e)(1)(ii) Informational Only.

Acknowledged

XXXX

2221566

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222042

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Prepayment requirement has been met.

Acknowledged

XXXX

2222042

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222042

3 of 4

XXXX

Compliance

State Testing

XXXX

This loan failed the XXXX XXXX CMR XXXX higher-priced mortgage loan test. (XXXX XXXX CMR XXXX). Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the Code of XXXX Regulations. The loan has an APR of XXXX%. The XXXX APR threshold is XXXX%. The loan is a compliant HPML. Prepayment requirement has been met.

Acknowledged

XXXX

2222042

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221421

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. (XXXX RCW §31.04.105). This test includes the following fees: Points - Loan Discount Fee. The loan fails the prohibited fees test by $XXXX.

Acknowledged

XXXX

2221421

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221742

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221742

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221838

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221838

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221625

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221625

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221339

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2221339

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2221339

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221379

1 of 2

XXXX

Compliance

State Testing - Prohibited Fees

XXXX

The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Loan Discount Point Fees. The loan fails the prohibited fees test by $XXXX0.XXXX. (XXXX RCW §31.04.105)

Acknowledged

XXXX

2221379

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222174

1 of 4

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222174

2 of 4

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222174

3 of 4

XXXX

Compliance

State Testing

XXXX

Acknowledged

XXXX

2222174

4 of 4

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221966

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221966

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222200

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222200

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222200

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222049

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222049

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222049

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222118

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2222118

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2222138

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2222138

2 of 3

XXXX

Compliance

QM - Rebuttable Presumption

XXXX

Acknowledged

XXXX

2222138

3 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221751

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221751

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221748

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221748

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221786

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221786

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221578

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221578

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221635

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221635

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221854

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221854

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221736

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221736

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221420

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221420

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221764

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221764

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221744

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221744

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221766

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221766

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2221450

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2221450

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2089868

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2089868

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2147763

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2147763

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173043

1 of 3

XXXX

Compliance

Federal - HPML APR/Compliant

XXXX

Acknowledged

XXXX

2173043

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173043

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a LCA score of XXXX

Cleared

XXXX

2173048

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173048

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173048

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX.

Cleared

XXXX

2173047

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173047

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173047

3 of 3

XXXX

Valuation

Appraisal - Value is not supported within a 10% variance

XXXX

The secondary valuation product did not support the value within a 10% variance. The loan has a CU Score of XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached - CDA for XXXX file XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2173044

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173044

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173044

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX

Cleared

XXXX

2173045

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173045

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2177297

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2177297

2 of 3

XXXX

Credit

Appraisal - Other

XXXX

There are additional appraisal findings. The loan file contained an AVM dated XX/XX/XXXX with a FSD score of .XXXX. The loan file did not contain a CDA.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached management exception ,should suffice

Response 1 (XX/XX/XXXX XX:XXPM)
Loan is secondary financing and confidence score is XXXX%. Downgraded to an EV2. (Resolved)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: Job stability XXXX years, XXXXx30x51 month mortgage history, $XXXX residual income

XXXX

2177297

3 of 3

XXXX

Credit

Title Commitment - Deficiencies

XXXX

The title commitment shows major deficiencies. The Title Policy reflects an outstanding State of XXXX Tax lien in the amount of $XXXX, which did not show on the Closing Disclosure as being paid per the guideline requirements.

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see page XXXX of XXXX ,we have supplement to title.

Response 1 (XX/XX/XXXX XX:XXAM)
Explanation received is sufficient. (Void)

XXXX

2177295

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2177295

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173046

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173046

2 of 2

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The loan file is missing the Verification of Mortgage for the following properties: XXXX and the for the subject property of XXXX XXXX

Void

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
XXXX refinance had just closed, there is a CD and copy of the note on the file already, The XXXX is already reporting on the credit report XXXX & XXXX

Response 1 (XX/XX/XXXX XX:XXPM)
Agree: Mortgages for for XXXX are reporting on the credit report. File documentation reflects XXXX was purchased XX/XX/XXXX, then refinanced XX/XX/XXXX. (Void)

XXXX

2173050

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173050

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173049

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173049

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2173051

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2173051

2 of 3

XXXX

Credit

Debts - Not Verified

XXXX

The application lists significant debts that were not verified on the credit report and not independently verified. The loan file does not documentation confirming the amount of XXXX Dues on the borrower's primary residence located at XXXX XXXX, XXXX XXXX XXXX

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see attached HOA quaterly,

Response 1 (XX/XX/XXXX XX:XXPM)
Documentation received is sufficient. (Resolved)

XXXX

2173051

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX

Cleared

XXXX

2177298

1 of 4

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2177298

2 of 4

XXXX

Credit

Hazard Insurance - All Perils

XXXX

XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent.

Resolved

Rebuttal 1 (XX/XX/XXXX XX:XXAM)
hello please see attached for perils

Response 1 (XX/XX/XXXX XX:XXAM)
Documentation received is sufficient. (Resolved)

XXXX

2177298

3 of 4

XXXX

Credit

Program Parameters - Property Type

XXXX

The subject loan does not meet Program Parameters for Property Type. The appraisal reflects the subject property consists of XXXX acres, and the guidelines require a Lender Exception Approval for any property over XXXX acres. The loan file did not contain a Lender Exception Approval as required; therefore, the subject property is ineligible. ***additional conditions may apply ***

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see exceptions for acres.

Response 1 (XX/XX/XXXX XX:XXAM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Please see client&#XXXX;s approval. Compensating factors: Subject property owned XXXX years, job stability XXXX years, XXXX qualifying credit score

XXXX. XXXX% CLTV. $XXXX per month residual income.

XXXX

2177298

4 of 4

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared

XXXX

2177296

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2177296

2 of 2

XXXX

Credit

Program Parameters - CLTV

XXXX

Per Lender's guides, XXXX for XXXX year fixed loans is XXXX%. The subject loan is a XXXX year fixed loan and the CLTV is XXXX%, which exceeds the max of XXXX%.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please rebutt, XXXX guidelines is XXXX CLTV, please see matrix, If unable to , please escalate for approval exception

Response 1 (XX/XX/XXXX XX:XXAM)
Matrix provided in rebuttal does not reflect a loan term. Matrix available at review reflects XXXX% maximum for a XXXX year fixed rate. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted compensating factors: Job stability XXXX years, 0x30x33 mortgage history, $XXXX residual income

XXXX. $XXXX per month residual income.

XXXX

2177299

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2177299

2 of 2

XXXX

Credit

Program Parameters - DTI

XXXX

XXXX in the loan file for the subject loan not meeting Program Parameters for the DTI. The DTI is over XXXX% with a residual income of less than $XXXX. Lender guidelines allow for an exception if the DTI is over XXXX% but less than XXXX% on a case by case basis. Client to approve downgrading finding based on compensating factors.

Waived

Rebuttal 1 (XX/XX/XXXX XX:XXPM)
please see exception

Response 1 (XX/XX/XXXX XX:XXAM)
Exception must be granted by Investor. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)
Waiver granted by Investor. (Waived)

XXXX (XX/XX/XXXX XX:XXPM)
Client reviewed and elects to waive. Noted Compensating factors: Subject property owned XXXX years, XXXXx30x49 month mortgage history.

Comp Factors - Credit Score XXXX, LTV XXXX%, CLTV XXXX%, 0x30 on all mortgages, payoff of $XXXX in monthly debt compared to new 2nd mortgage payment of $XXXX.

XXXX

2165655

1 of 2

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2165655

2 of 2

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2168243

1 of 3

XXXX

Compliance

No Compliance Findings

XXXX

The loan is in compliance with all applicable laws and regulations.

Cleared

XXXX

2168243

2 of 3

XXXX

Credit

No Credit Findings

XXXX

The loan meets all applicable credit guidelines.

Cleared

XXXX

2168243

3 of 3

XXXX

Valuation

Appraisal - Value is supported within 10% of original appraisal amount

XXXX

The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX.

Cleared